Maaden’s aluminium business delivered a stronger Q2 2026 performance, with revenue rising 49 per cent year on year to USD 1.01 billion, supported by higher aluminium production and stronger realised prices. According to industry sources, Maaden’s aluminium business produced 242,000 tonnes in Q2 2026, while realised aluminium prices reached USD 3,915 per tonne, up 51 per cent. The combination of higher aluminium output and stronger realised prices helped drive the 49 per cent increase in Maaden aluminium revenue to USD 1.01 billion. The growth came alongside gains in both volume and pricing rather than from a one-off accounting effect. The stronger Q2 performance puts aluminium prices in focus for Maaden’s earnings. With realised aluminium prices reaching USD 3,915 per tonne, the company...
Vedanta Aluminium has become India’s second-largest exporter of goods from a Special Economic Zone (SEZ), recording exports of around USD 3.5 billion in FY26, according to the company. Its SEZ facility in Jharsuguda, Odisha, contributed around 6 per cent of India’s total SEZ goods exports during the financial year ended March 2026. The company supplies customers in more than 60 countries, including markets in Europe, the United States, Japan and Southeast Asia. Vedanta Aluminium’s export portfolio includes primary and value-added aluminium products such as billets, wire rods, rolled products, primary foundry alloys and ingots. It also includes the company’s low-carbon Restora aluminium range, manufactured using renewable energy with GHG emissions of below 4 tonnes of CO2 equivalent per...
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On 2 nd November’20, Economy Ministry of Middle Eastern nation Israel anticipates $220 million in non-defence trade with Bahrain in 2021, as it hosted a delegation from the Gulf state to polish the newly established bond. Bahrain and its neighbour the United Arab Emirates regularized relations with Israel on 15 th September’20, which has been a U.S.-brokered pact inspired by business prospects as well as shared worries about Iran. Zayed bin Rashid al-Zayani, Bahrain's minister for industry, commerce and tourism while meeting Israeli Prime Minister Benjamin Netanyahu in Jerusalem said: “We saw an immense opportunity to even develop (ties) further, not just in terms of business - in terms of culture, sport, exchange, and tourism". The Economy Ministry trade prophesied growth in Israeli...
Hindalco Industries Limited has significantly increased the prices of its aluminium ingot and aluminium product with effect from Wednesday, December 2, in line with rallied global aluminium benchmark price on the London Metal Exchange. Hindalco is now selling its aluminium ingot at INR 5,500 per tonne higher to 173,000 tonnes, following a cut by INR 2,000 per tonne to INR 167,500 per tonne last week on November 25. With the latest hike, Hindalco’s aluminium wire rod price has come in at INR 184,100 per tonne, also up by INR 5,500 per tonne or 3.08 per cent from INR 178,600 per tonne on November 25. The company’s aluminium billets price has also been raised by the same amount to INR 180,100 per tonne with effect from December 2. Hindalco links its aluminium ingot and aluminium product...
Benchmark aluminium price on the London Metal Exchange rose by 0.29 per cent to US$ 2051.5 per tonne on Wednesday December 2. That was up from US$ 2045.5 per tonne on Tuesday. As of Wednesday December 2, LME aluminium cash (bid) price stands at US$ 2051.50 per tonne, LME official settlement price stands at US$ 2051.50 per tonne; 3-months bid price stands at US$ 2062 per tonne, 3-months offer price is US$ 2062 per tonne; Dec 21 bid price stands at US$ 2076.50per tonne, and Dec 21 offer price stands at US$ 2076.50 per tonne. The LME aluminium opening stock stood at 1364175 tonnes. Live Warrants totalled 1173150 tonnes, and Cancelled Warrants were 191025 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2076.62 per tonne. SHFE Aluminium Price Trend Benchmark aluminium...
A00 aluminium ingot price in China has decreased by RMB 230 per tonne to stand at RMB 16,850 per tonne, as of Thursday, December 3, following six consecutive days of hike from RMB 15,930 per tonne to RMB 17,080 per tonne, according to the Shanghai Metals Market. The average prices are expected to range between RMB 16,830 per tonne and RMB 16,870 per tonne, with spot contract to be traded at a premium price of RMB 70-130 per tonne, down by RMB 20 per tonne from the previous day. Primary aluminium ingot price in Foshan has seen the highest plunge of RMB 260 per tonne to RMB 16,920 per tonne, followed by the decline of RMB 240 per tonne in Wuxi to stand at RMB 16,850 per tonne. In Hangzhou and Chongqing, A00 aluminium ingot price has decreased by RMB 220 per tonne to come in at RMB 16,880...
Press Metal Aluminium Holdings Bhd’s earnings estimates have been raised by the RHB Research. The growth in forecasts is due to rise in aluminium prices on the London Metal Exchange. "PMAH expects the recovery in LME aluminium prices to extend into 2021, due to healthy supply-demand conditions under a reflationary macroeconomic environment. This is underpinned by strong persistent demand by China, which recently became a net importer of primary aluminium, amid tightening supply," according to the RHB. Press Metal’s estimates earnings rose by 9% for FY21 to FY22 in tandem with higher alumina and carbon anode raw material prices. "We anticipate sequential core earnings improvement in 2HFY20 (3QFY20F: RM110 million-130 million) in tandem with higher aluminium prices as well as recovery in...
According to a Reuters report, the premium for aluminium shipments to Japanese buyers has been set at $138-$140 per tonne for January-March. The premium marked an increase of 57-59 per cent from this quarter, reported sources involved in market pricing. The increase in premium was due to recovery in demand, especially from automakers as well as tight supplies. "We have received one offer at $138 a tonne and another at $140 a tonne last week," according to the sources at a Japanese trading house. Japan is the biggest importer of aluminium in Asia and the premiums it agrees to pay for primary aluminium shipments for each quarter over the cash price settled at the London Metal Exchange (LME) set the benchmark for the region. Japanese buyers had agreed to pay a premium of $88 per tonne for...
Shri Bijay Kumar Das has been elevated to the Director (Production) at the Navratna CPSE National Aluminium Company Limited (NALCO), with effect from December 1, 2020. Shri Das was serving NALCO as Executive Director (Projects) at Corporate Office, Bhubaneswar. The association of Mr Das with NALCO dates back to 1984 as a Graduate Engineer Trainee. Shri Bijay Kumar Das completed his graduation in Mechanical Engineering from NIT, Rourkela (Formerly REC) and joined NALCO in its Captive Power Plant in Angul since the inception of the project. He held many key positions in the Plant before taking over the challenging assignment of Business Development of the Company. Shri Das then subsequently became the General Manager (Corporate Planning & Strategic Management) with the responsibility to...
National Aluminium Company Limited (NALCO) has expanded the prices of its aluminium ingot and aluminium products with effect from Tuesday, December 1, following a cut last week on November 26. Since the latest hike on December 1, NALCO’s aluminium ingot price has come in at INR 173,850-177,350 per tonne, up by INR 5,600 per tonne or 3.33 per cent from INR 168,250-171,750 per tonne last week. NALCO is also selling its aluminium wire rod at INR 5,600 per tonne higher at INR 177,350-181,700 per tonne, compared to INR 171,750- 176,100 per tonne on November 26. The company’s aluminium billets price is standing at INR 177,300-178,800 per tonne, also up by INR 5,600 per tonne from INR 171,700- 174,350 per tonne, as of November 26. NALCO has increased its aluminium prices in line with the rallied...
In September 2020, primary aluminium production in the United States extended downfall to stand at 72,000 tonnes versus 80,000 tonnes in August, according to the data recently released by the US Geological Survey. In August, the output was down by 2,000 tonnes month-on-month, but in September, it diminished by 8,000 tonnes or 10 per cent. The average daily production was 2,410 tonnes, 7 per cent less than 2,580 tonnes in August and 17 per cent than in September 2019. Total aluminium recovered from scrap in September 2020 was 271,000 tonnes, almost flat compared with 270,000 tonnes in August 2020. However, on a year-on-year basis, it stood 7 per cent less than in September 2019. Of 271,000 tonnes, 147,000 tonnes of aluminium was recovered from new scrap and 124,000 tonnes recovered from...
Vedanta has raised its aluminium products price today after the cutting the price of the same products on November 25. With effect from Wednesday, December 2 2020, the prices of some aluminium ingots are in the range of INR 170,000-183,000 per tonne, up by INR 5,250 per tonne from INR 164,750-177,750 per tonne on November 25. The company’s billet price came in at INR 178,000 per tonne on December 2, marking an increase of INR 5,250 per tonne from INR 172,750 per tonne on November 25. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium prices on LME are up nearly 12% so far in 2020. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a...
The LME complex rose for the most part, including aluminium, which added 0.91 per cent. Global aluminium benchmark price on the London Metal Exchange climbed 1.54 per cent on December 1. LME aluminium cash (bid) price and LME official settlement price surged to US$ 2045.50 per tonne on December 1 from US$ 2014.50 per tonne on November 30. 3-months bid price and 3-months offer price stood at US$ 2052.50 per tonne, growing by US$ 30 per tonne from US$ 2022.50 per tonne in the previous day. Dec 21 bid price and Dec 21 offer price came in at US$ 2069.50 per tonne. The LME aluminium opening stock decreased from 1374025 tonnes to 1368125 tonnes on December 1. Live Warrants hovered at 1213550 tonnes, while Cancelled Warrants at 154575 tonnes. LME aluminium 3-months Asian Reference Price stood at...
We are happy to reveal the performance metrics of our fifth quarterly e-Magazine “ Covid-19 Impact: Importance & Emergence of Industry 4.0 . ” The magazine, launched on July 31, has ruled the world of the internet with a total global reach of 40,026 and hits 148,378 across 123 countries until November 30. In only three months, we are delighted to have discovered that the e-Magazine has created a buzz on social media, achieving 8692 reaches on Twitter , 13589 on Facebook , and 7274 on LinkedIn . The average time spent by a user on the magazine is over 8 minutes , while the direct reach has crossed 1,275 . The viewership of the promotional video on the magazine stands at 9,404 . This e-Magazine was AlCircle’s small effort to share necessary information and suggestion on how the...
November 2020 had been the best month for Aluminium Corporation of China Limited, popularly known as Chalco, since its debut almost two decades ago, as investors have started taking keen interest in the Chinese aluminium sector. In the said month, China’s leading company in the non-ferrous industry rose a spirited 80 per cent in Hong Kong against the backdrop of equities and metals prices took heart from China’s V-shaped economic rebound. This extra jolt enjoyed by Chalco suggests a deeper shift in the aluminium industry as concerns around overcapacity and high production costs begin to subside. Many analysts think that despite this sharp rise in share prices, Chinese aluminium stocks are worth buying. "Aluminium stocks are spiking with aluminium prices, which are continuing their ascent...
A00 aluminium ingot price has soared on December 1, 2020, to stand close to RMB 17,000 per tonne, according to the Shanghai Metals Market. Growing by RMB 210 per tonne, the primary aluminium ingot price has come in at RMB 16,980 per tonne, with average prices expected to range between RMB 16,960 per tonne and RMB 17,000 per tonne. The spot contract is likely to be traded at RMB 130-170 per tonne, down by RMB 40 per tonne from the previous day. Of all the major Chinese cities, Linyi has seen the highest surge in primary aluminium ingot price today by RMB 245 per tonne to RMB 17,005 per tonne, followed by the hike in Foshan and Shenyang of RMB 210 per tonne and RMB 200 per tonne, respectively, to come in at RMB 17,080 per tonne and RMB 16,970 per tonne. In Chongqing, A00 aluminium ingot...
Benchmark aluminium price on the London Metal Exchange rose by 2 per cent to US$ 2014.5 per tonne on Monday, November 30 from US$ 1975 per tonne on Friday. As of Monday November 30, LME aluminium cash (bid) price stands at US$ 2014.50 per tonne, LME official settlement price stands at US$ 2014.50 per tonne; 3-months bid price stands at US$ 2022.50 per tonne, 3-months offer price is US$ 2022.50 per tonne; Dec 21 bid price stands at US$ 2042.50 per tonne, and Dec 21 offer price stands at US$ 2042.50 per tonne. The LME aluminium opening stock stood at 1374025 tonnes. Live Warrants totalled 1215725 tonnes, and Cancelled Warrants were 158300 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2014.10 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE...
Aluminium Bahrain (Alba) announced that the company is on track to finish 2020 strong despite the challenges of the year. The Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa revealed during the fourth quarterly Board of Directors’ meeting. Shaikh Daij Bin Salman Bin Daij Al Khalifa said: “2020 has been a year of exceptional events on many fronts. Our secret to adapt to the changes and find our new balance is to focus our efforts, not on challenging today’s status quo, but on building the new and resilient Alba as we prepare ourselves to start 2021.” The Board also approved the Minutes of the previous Board Meeting as well as reviewed Reports of the Executive Committee, Board Audit Committee and the Nomination, Remuneration and Corporate Governance...
The LME complex rose on Friday, November 27, with aluminium climbed up by 1.65 per cent. Benchmark aluminium price on the London Metal Exchange rose by 0.69 per cent on November 27 from US$ 1961.50 per tonne on Thursday, November 26. Both LME aluminium cash (bid) price and LME official settlement price rebounded to US$ 1975 per tonne, growing by US$ 13.50 per tonne on Friday, November 27. 3-months bid price and 3-months offer price stood at US$ 1988.50 per tonne, up by US$ 10.50 per tonne from US$ 1978 per tonne on November 26. Dec 21 bid price and Dec 21 offer price came in at US$ 2010.50 per tonne. The LME aluminium opening stock declined from 1383250 tonnes on November 26 to 1378025 on November 27. Live Warrants hovered at 1216725 tonnes, while Cancelled Warrants at 161300 tonnes. LME...
SMM aluminium ingot price soared by RMB 440 per tonne from Friday’s price of RMB 16330 per tonne. The price now stood at RMB 16770 per tonne on Monday, November 30, 2020 and is expected to move within a range of RMB 16750-16790 per tonne. In Foshan and Wuxi, the price inched up by RMB 430 per tonne and RMB 460 per tonne to stand at RMB 16870 per tonne and RMB 16830 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 16870 per tonne and 16750 per tonne, up RMB 440 per tonne and RMB 435 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi rose to stand at RMB 16770 per tonne, RMB 16790 per tonne, RMB 16760 per tonne, and RMB 16640 per tonne. The aluminium alloy (ADC12) price stood at RMB 16800 per tonne on Monday, November 30, an increase of RMB 650 per...
