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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The Chairman of GFG Alliance, Sanjeev Gupta has expressed doubts over the fate of his French aluminium smelter, as he eyes to acquire German giant Thyssenkrupp. The Indian born British businessman has been in the headlines over the past few years, due to his stream of acquisitions of exhausted metal businesses, often supported by state and complex financial debts owed by the businesses. Mr Gupta’s Liberty House acquired the Dunkirk aluminium smelter from Rio Tinto in December 2018, in a deal said to be worth $500m. The dispute between the metal tycoon and Rio is over an outstanding amount of about $50 million, which the mining group demanded from Liberty to settle the transaction and they ended up in arbitration. The 2018 accounts for Aluminium France Industries UK, filed at Companies...
Press Metal Aluminium reported results for the third quarter of 2020. The Group’s revenue stood at RM1.86 billion in Q3 2020, a decrease of RM0.26 billion or 12.2% from RM2.12 billion in Q3 2019 due to the impact of Covid-19 pandemic. The Group reported a profit before tax of RM172.92 million in Q3 2020, from RM168.94 million in Q3 2019. That was up by RM3.98 million or 2.4% mainly attributable to the favourable pricing of the Group commodity hedges, lower alumina and carbon anode prices as well as lower finance costs. In the nine months period, the Group’s revenue was lower by RM1.0 billion or 15.6% to RM5.42 billion due to the softening of metal price as a result of Covid-19 epidemic. Profit before tax for 9M 2020 came in at RM441.45 million, down RM6.53 million or 1.5% from RM447.98...
Benchmark aluminium price on London Metal Exchange dropped 0.28 per cent to US$ 1961.5 per tonne on Thursday, November 26, from US$ 1967 per tonne on Wednesday. As of Thursday November 26, LME aluminium cash (bid) price stands at US$ 1961.50 per tonne, LME official settlement price stands at US$ 1961.50 per tonne; 3-months bid price stands at US$ 1978 per tonne, 3-months offer price is US$ 1978 per tonne; Dec 21 bid price stands at US$ 1999 per tonne, and Dec 21 offer price stands at US$ 1999 per tonne. The LME aluminium opening stock stood at 1383250 tonnes. Live Warrants totalled 1227950 tonnes, and Cancelled Warrants were 155300 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1980.35per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE...
Social inventories of primary aluminium in China have extended downfall for the sixth consecutive week by 19,000 tonnes week-on-week, found the Shanghai Metals Market. SMM data shows, the inventories have dwindled across the eight major Chinese consumption areas, including SHFE warrants, to stand at 596,000 tonnes on Thursday, November 26. Last week, on November 19, the inventories had declined by 14,000 tonnes over the week to come in at 615,000 tonnes. This means the downfall this week has expanded by 5,000 tonnes. Higher demand for domestic primary aluminium due to strict restrictions on imported aluminium scrap coupled with slower arrivals of stocks at warehouses has been leading to the incessant decline in inventories. The chart below indicates the current status of primary aluminium...
National Aluminium Company Limited (NALCO) has cut the prices of its aluminium ingot and aluminium products with effect from Thursday, November 26, after raising them for seven times in a row till November 19. The Navratna Group has reduced its aluminium ingot price by INR 1,800 per tonne or 1.06 per cent from INR 170,050 – 173,550 per tonne on November 19 to INR 168,250-171,750 per tonne, as of November 26. NALCO’s aluminium wire rod price has come in at INR 171,750- 176,100 per tonne on November 26, also down by INR 1,800 per tonne from INR 173,550-177,900 per tonne on November 19. The price of NALCO’s aluminium billets has also been cut by INR 1,800 per tonne from INR 173,500- 176,150 per tonne to INR 171,700- 174,350 per tonne, as of November 26. Like Hindalco and Vedanta, NALCO also...
According to the Shanghai Metals Market, A00 aluminium ingot price in China has extended its growth on Thursday, November 26, albeit much slower than the previous day, to continue to remain above RMB 16,000 per tonne. The price is standing at RMB 16,130 per tonne growing by RMB 10 per tonne. The average prices are expected to range between RMB 16,110 per tonne and RMB 16,150 per tonne, with spot contract to be traded at a premium price of RMB 100-140 per tonne, up by RMB 10 per tonne from November 25. Except for Foshan, the increase in A00 aluminium ingot has touched upon all the major markets in China. In Foshan, the price has dropped by RMB 20 per tonne to RMB 16,230 per tonne. Hangzhou has seen the highest rise today of RMB 80 per tonne to RMB 16,230 per tonne, followed by the hike of...
LME aluminium price closed the day on Wednesday, November 25, 0.13 per cent higher to US$ 1967 per tonne, following two consecutive days of decline. Both LME aluminium cash (bid) price and LME official settlement price stood at US$ 1967 per tonne, growing by US$ 2.50 per tonne on November 25. 3-months bid price and 3-months offer price stood at US$ 1981.50 per tonne, climbing by only US$ 0.50 per tonne from US$ 1981 per tonne on November 24. Dec 21 bid price and Dec 21 offer price, however, extended decline by US$ 1 per tonne to come in at US$ 2004 per tonne. The LME aluminium opening stock continued to fall to stand at 1388250 tonnes on November 25. Live Warrants hovered at 1231200 tonnes, while Cancelled Warrants at 157050 tonnes. LME aluminium 3-months Asian Reference Price stood at...
The leading producer of integrated aluminium in Europe ALRO S.A. pursues to support the efforts towards prevention and combat the effects of the COVID-19 pandemic in the local communities where it operates and donates seven pieces of vital equipment necessary to fight against COVID-19 deadly effects. The aluminium firm donated five integrated oxygen flow and aerosol treatment devices worth RON 122,500 to the Slatina County Emergency Hospital and another two similar devices worth RON 49,000 to the Municipal Hospital Caracal, for treating patients affected by this virus. Gheorghe DOBRA, CEO of ALRO, said: “We have always focused our attention on the health and safety of our employees and today, more than ever, the health of our employees, their families and relatives and in fact, the entire...
Hydro's aluminium plant in western Norway is all set to go back to full production as Husnes B-Line capacity resumed operation on November 24, after remaining idle since 2009 due to a financial crisis. Hydro Husnes currently produces 95,000 tonnes of aluminium annually via the A line. This will increase to 195,000 tonnes when the 200 electrolysis cells in B-line restart the operation in full swing. Hydro President & CEO Hilde Merete Aasheim said, “It is great that the B line at Hydro Husnes is finally producing aluminium again. The restart fits well with Hydro's strategy of lifting profitability and driving sustainability. The world will have access to more renewable energy-based and infinitely recyclable aluminum, and with the technology upgrades that have been implemented, we can...
Vedanta has reduced the prices of its aluminium ingot and aluminium products with effect from Wednesday, November 25, after increasing them for six times in a row till a week ago. The company has cut its aluminium prices in tandem with the downtrend of global aluminium benchmark price on the London Metal Exchange. With the latest cut, Vedanta’s aluminium ingot price has come in at INR 164,750–177,750 per tonne, down by INR 1,750 per tonne from INR 166,500-179,500 per tonne on last Thursday, November 19. The company has cut its aluminium wire rod price by INR 1,750 per tonne as well. Thus, the price is now hovering at INR 172,250–179,750 per tonne, as against INR 174,000-181,500 per tonne on November 19. Vedanta’s aluminium billet price is at INR 172,750 per tonne, as of November 25,...
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China, announced on Tuesday, November 24, that it topped the Environmental, Social and Governance (ESG) ratings list by ESG Invest yet again for the second consecutive year in Bahrain. ESG Invest ratings quantify the ESG performance of companies in the Arab world against 200-plus ESG quantitative and qualitative Performance Indicators and more than 40 ESG criteria derived from International Standards and National Visions. Commenting on this milestone, Alba’s Chief Executive Officer, Ali Al Baqali, said: “Ranking number ONE by ESG Invest in Bahrain endorses Alba’s sound corporate transparency and stakeholder accountability. We believe that ESG should be the Forward Focus especially as COVID-19 has accelerated the...
China’s A00 aluminium ingot price has outshone the level of RMB 16,000 per tonne on Wednesday, November 25, found the Shanghai Metals Market. Soaring by RMB 190 per tonne, the primary aluminium ingot price has come in at RMB 16,120 per tonne today, with average prices expected to range between RMB 16,100 per tonne and RMB 16,140 per tonne. The spot contract is likely to be traded at a premium price of RMB 90-130 per tonne, down by RMB 10 per tonne from November 24. Restriction on aluminium scrap imports by China has fuelled the use of domestic primary aluminium, resulting in higher consumption and lower inventories. As a consequence, the domestic primary aluminium ingot price has significantly grown by RMB 1290 per tonne in less than a month. Among the major Chinese cities, Foshan and...
Three-month LME aluminium rose 0.91 per cent to close at US$ 1985.50 per tonne on Tuesday, November 24, with open interest rising to 727,000 lots. The pressure at US$ 2000 per tonne will be monitored in the near term. It is expected to trade between US$ 1,960-2,000 per tonne today. LME aluminium cash (bid) price and LME official settlement price extended the downfall on Tuesday by US$ 5 per tonne to stand at US$ 1964.50 per tonne. 3-months bid price and 3-months offer price stood at US$ 1981 per tonne, decreasing by US$ 4.50 per tonne from US$ 1985.50 per tonne on November 23. Dec 21 bid price and Dec 21 offer price dropped marginally by US$ 1 per tonne to come in at US$ 2005 per tonne. The LME aluminium opening stock extended downfall from 1395525 tonnes to 1392250 tonnes on November 24....
Three-month LME aluminium began the week on Monday, November 23, with a 0.98 per cent fall to settle at US$ 1967.5 per tonne, with open interest rising to 726,000 lots. It is expected to trade between US$ 1950-2000 per tonne today. LME aluminium cash (bid) price and LME official settlement price declined on Monday, November 23, by US$ 14.5 per tonne or 0.73 per cent to stand at US$ 1969.50 per tonne. 3-months bid price and 3-months offer price stood at US$ 1985.50 per tonne, decreasing by US$ 10 per tonne from US$ 1995.50 per tonne on November 20. Dec 21 bid price and Dec 21 offer price came in at US$ 2006 per tonne from US$ 2014 per tonne last week. The LME aluminium opening stock extended downfall from 1399525 tonnes to 1395525 tonnes on November 23. Live Warrants hovered at 1232800...
Tomago Aluminium’s chief executive officer Matt Howell has reportedly supported the federal government for its warning to intervene in the National Electricity Market and build a gas plant on a condition of ‘like-for-like’ power when AGL’s Liddell coal-fired power plant shuts. Mr Howell has also praised the decision of Queensland zinc refinery Sun Metals to powering its entire operations with renewable electricity by 2040, but mentioned that it is not possible for Tomago’s Hunter Valley aluminium smelter to follow the same. He said, "I spent a bit of time on the zinc industry, and I know for a fact that they can ramp down the current in a zinc furnace, and just leave it there for a few days. But you can't do that with aluminium, you can't do it with a blast furnace.” He added, "So every...
Three-month LME aluminium fell 0.1% to close at US$1,987 per tonne on last Friday. SMM expects the contract to trade between US$1,970-2,010 per tonne today. As of Friday November 20, LME aluminium cash (bid) price stands at US$ 1984 per tonne, LME official settlement price stands at US$ 1984 per tonne; 3-months bid price stands at US$ 1995.50 per tonne, 3-months offer price is US$ 1995.50 per tonne; Dec 21 bid price stands at US$ 2014 per tonne, and Dec 21 offer price stands at US$ 2014 per tonne. The LME aluminium opening stock stood at 1399525 tonnes. Live Warrants totalled 1232800 tonnes, and Cancelled Warrants were 166725 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1996.95 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to...
A00 aluminium ingot price has grown by RMB 50 per tonne to stand closer to RMB 16,000 per tonne, as of Monday, November 23. Shanghai Metals Market data shows the primary aluminium ingot price today is hovering at RMB 15,980 per tonne, with average prices expected to range between RMB 15,960 per tonne and RMB 16,000 per tonne. Robust demand for primary aluminium among downstream consumers and continuous decline in inventories are attributing to the increases in A00 aluminium ingot price. Spot contract today is estimated to be traded at a premium price of RMB 100-140 per tonne. Among the major Chinese cities, Linyi has seen the highest growth of primary aluminium ingot price today by RMB 150 per tonne to RMB 16,030 per tonne, followed by the rise in Foshan by RMB 110 per tonne to RMB 16,050...
Africa is a continent which is rich by raw materials, concurrently economically poor. The biggest reason for this situation of the African continent is the exports its precious raw materials that are processed somewhere else, thus failing to add value to the resources. This has been causing continuous economical fall-outs and many African governments are trying to figure out the problem. Ghana, a West African nation is working out to augment its economy, launched the campaign one district one factory project to create a factory in each of its 216 districts to transform raw materials into products with high added value. The government of Ghana has plans to open three bauxite mines and to build two new alumina refineries, as well as to upgrade the existing aluminium smelter, to transform...
