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 aluminium smelter plant of National Aluminium Company (NALCO) in Angul has been charged for polluting the local Nandira watercourse in the area. The residents alleged that the leaked residue from the PSU Navaratna Company’s ash pond has been polluting the watercourse and eventually adjoining up to the pollution of Brahmani River. A resident, said: “This is a recurring problem here and a result of NALCO’s shoddy decisions. We are facing a grave health hazard here. Even our cattle are getting diseases after drinking water from this watercourse.” “The NALCO authorities never seem to buzz to our repeated requests for the successful completion of the slurry project that aims to reduce the ash leakage problem forever,” he added. While another local alleged: “Fishermen dependent on the...
Vedanta has hiked its aluminium products price for the fourth time in a row. With effect from Saturday, 14 November 2020, the prices of some aluminium ingots are in the range of INR 162,500-175,500 per tonne, up by INR 1,500 per tonne from INR 161,000-174,000 per tonne on November 13. The company’s billet price came in at INR 170,500 per tonne on November 14, an increase of INR 1,500 per tonne from INR 169,000 per tonne on November 13. 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 6% so far in 2020. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a stake in Bharat Aluminium Co Ltd and smelters at...
SMM aluminium ingot price has started the week higher. The price stands at RMB 15670 per tonne on Monday, 16 November 2020, marking an increase of RMB 40 per tonne. The price is expected to range at RMB 15650-15690 per tonne. In Foshan and Wuxi, the price has risen by RMB 30 per tonne and RMB 40 per tonne to stand at RMB 15670 per tonne and RMB 15680 per tonne. Their average prices are expected to range within RMB 15,650-15,690 per tonne and RMB 15,670-15,690 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 15680 per tonne and RMB 15590 per tonne, up RMB 120 per tonne and RMB 20 per tonne. Aluminium ingot prices in Tianjin and Linyi have increased to stand at RMB 15610 per tonne and RMB 15620 per tonne, up RMB 30 per tonne and RMB 10 per tonne. Aluminium Alloy (A356)...
Three-month LME aluminium rose 0.36% to close at US$1,934.5 per tonne on Friday, with open interest rising to 750,000 lots. SMM expects the contract to trade between US$1,910-1,950 per tonne today. As of Friday November 13, LME aluminium cash (bid) price stands at US$ 1918 per tonne, LME official settlement price stands at US$ 1918 per tonne; 3-months bid price stands at US$ 1934.50 per tonne, 3-months offer price is US$ 1934.50 per tonne; Dec 21 bid price stands at US$ 1971.50per tonne, and Dec 21 offer price stands at US$ 1971.50 per tonne. The LME aluminium opening stock stood at 1414675 tonnes. Live Warrants totalled 1252525 tonnes, and Cancelled Warrants were 162150 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1938.04 per tonne. SHFE Aluminium Price Trend...
The virtual ICSOBA 2020 conference commences on Monday, 16 th November’20, UTC 5:00. There is then not much time left to register at https://www.conftool.net/ icsoba2020 , if you don’t want to miss out the latest technology development in the field of aluminium production, from mine to metal! The conference program has been designed to maximize time zone coverage allowing delegates access from New Zealand to America to maximize the exchange of ideas and expertise in line with our vision: “the technology conference of the aluminium industry, for the aluminium industry”. The conference virtual platform has already opened. More than 250 registered delegates already received their login password allowing them to test navigation within the conference centre, visit our exhibitor’s booths and...
The Indian state-owned National Aluminium Company Limited (NALCO), posted its Q2 earnings which thumped evaluation on all parameters and the Navratna group ‘A’ CPSE company’s aluminium EBIT has well performed this quarter. Sridhar Patra, Chairman and MD of NALCO, while commenting on the company’s Q2 results said: “Q3 will continue to be good for aluminium business. The company will also have a profit.” “Till H1 results the company is EBITDA positive. Manpower deployment due to COVID-19 has forced the company to scale down the production. However, company management is confident that the situation is normalising. We are hopeful, we are operating above 100% of our capacity,” he added. “The company has received all the statutory clearances for Utkal D coal mine. We are quite hopeful that the...
We are happy to announce the launch of “AlCircleBiz” - the first-of-a-kind global online B2B marketplace platform for the entire aluminium value chain. The official launch took place on November 14, 2020, in the presence of AlCircleBiz Team. AlCircleBiz is a unique initiative to connect millions of buyers and sellers across the aluminium eco-system. It’s the online ecommerce platform of the AlCircle Group that has been providing news about the industry & facilitating global trade opportunities for the past 10 years. With the mission of practising absolute transparency, AlCircleBiz is all set to connect buyers and sellers through enquiries against listed products and business leads. It aims to build strong supply chain, minimise dependency on intermediaries, and deliver desired value to...
ALRO, one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, published its consolidated financial results for the nine months ended 30 September 2020. The Group's sales were RON 1,942 million in nine months, down 10% due to market conditions and to the crisis caused by the COVID-19 pandemic. Net profit stood at RON 273 million in Q1-Q3 2020 from a loss of RON 23 million last year. The operating result (EBIT) increased to RON 355 million in due “to the implementation by the Romanian authorities of the EU-ETS compensation scheme based on the EU decision and receiving the subsidy in the form of a compensation for indirect emissions costs incurred by the Group as an energy-intensive consumer in 2019.” “In Q3 we managed to ensure the continuity...
National Aluminium Company Limited (NALCO) has further increased the prices of its aluminium ingot and aluminium product, although lesser than the previous week, with effect from Friday, November 13. Compared with the hike of INR 4,500 per tonne on November 4, NALCO has raised its aluminium ingot price on November 13 by INR 1,400 per tonne or nearly 1 per cent from INR 162,650-166,150 per tonne to INR 164,050-167,550 per tonne. With the latest hike, NALCO’s aluminium billets price has come in at INR 167,500-170,150 per tonne, also up by INR 1,400 per tonne from INR 166100- 168750 per tonne. NALCO is selling its aluminium wire rod at INR 167550-171900 per tonne at the present as against 166150-170500 per tonne on November 4. NALCO links its aluminium ingot and aluminium product prices to...
Hindalco Industries Limited has increased the prices of its aluminium ingot and aluminium products after more than a week, with effect from Friday, November 13. The company's aluminium ingot price is now standing at INR 163,750 per tonne, registering a hike of INR 2,000 per tonne or 1.24 per cent from INR 161,750 per tonne last week, November 4. The marks an increase for the fourth time in a row, however, lower than the previous week compared with INR 4,750 per tonne. Hindalco has raised its aluminium wire rod price by INR 2,000 per tonne as well from INR 172,850 per tonne on November 4 to INR 174,850 per tonne on November 13. With the latest hike, the company’s aluminium billets price pegged at INR 170,850 per tonne versus INR 168,850 per tonne last week. Hindalco links the prices of its...
RHB Research expects Press Metal Aluminium Holdings Bhd to deliver a year-over-year growth in core earnings in the second half of 2020 on higher aluminium prices. Average aluminium prices of averaging US$1,930 per tonne on the London Metal Exchange to fuel the company’s earnings prospects. "We believe the metal’s price trend is likely to sustain, as we see more headroom for global downstream demand to recover to pre-pandemic levels," RHB analyst Lester Siew said. "We anticipate sequential core earnings improvement in 2HFY20 (3QFY20F: RM110 million-130 million) in tandem with higher aluminium prices as well as recovery in LME physical premiums and value-added products mix. Subsequently, FY21F is set to mark the transition from recovery to a new growth phase, underpinned by Samalaju’s Phase...
Norsk Hydro will distribute a dividend of NOK 2.6 billion for the 2019 financial year. This corresponds to a dividend of NOK 1.25 per share. The decision to pay dividends is based on the improved financial situation and outlook for the company. In April, the company suspended the payment of dividends because of the outbreak of the Covid-19 pandemic. “… the outbreak of the Covid-19 pandemic introduced significant uncertainty regarding the financial outlook for the company. The Board was therefore granted an authority at the Annual General Meeting held on 11 May 2020 to resolve distribution of dividends at a later stage at the Board’s discretion. The authority was restricted to a maximum dividend payment of NOK 1.25 per share,” Hydro said. Shareholders registered on 16 November 2020 will be...
LME complex rose for the most part on Friday morning. Aluminium added 0.55%. Benchmark aluminium price on London Metal Exchange dropped 0.03 per cent to US$ 1904.5 per tonne on Thursday, November 12, from US$ 1905 per tonne on Wednesday. As of Thursday November 12, LME aluminium cash (bid) price stands at US$ 1904.50 per tonne, LME official settlement price stands at US$ 1904.50 per tonne; 3-months bid price stands at US$ 1922.50 per tonne, 3-months offer price is US$ 1922.50 per tonne; Dec 21 bid price stands at US$ 1962.50 per tonne, and Dec 21 offer price stands at US$ 1962.50per tonne. The LME aluminium opening stock stood at 1420100 tonnes. Live Warrants totalled 1252525 tonnes, and Cancelled Warrants were 167575 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$...
A00 aluminium ingot price has been continuing to hover above RMB 15,000 per tonne since the past ten days, and today, on November 13, the price has exceeded RMB 15,500 per tonne level. Growing by RMB 140 per tonne from RMB 15,490 per tonne on November 12, A00 aluminium ingot price has closed the week on Friday, November 13, at RMB 15,630 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 15,610 per tonne and RMB 15,650 per tonne, with spot contract to be traded at a premium price of RMB 10-30 per tonne, up by RMB 10 per tonne from the previous day. Chongqing has seen the highest growth in primary aluminium ingot price today of RMB 165 per tonne to come in at RMB 15,570 per tonne, followed by the surge of RMB 160 per tonne in Wuxi and Hangzhou...
RUSAL has won the InnoESG Prize 2020 for improving the world through its sustainability initiatives. The company has received the award for the second time in a row. Oleg Mukhamedshin, RUSAL’s Director for Strategy, Business Development and Financial Market, said: “This award highlights the importance of our sustainable business model and the Company’s commitments to social engagement and philanthropy, all of which continue to play an integral part in RUSAL’s corporate strategy. For over 20 years, our ambitions both to improve the quality of life for local people in the regions in which we operate, and protect the environment, have been at the heart of RUSAL’s business plan and now as we look to the future these goals remain steadfast.” InnoESG Prize is designed to recognise companies...
Rio Tinto shows distress about the extent of the second wave of the pandemic in Saguenay-Lac-Saint-Jean and its impacts on its factories, while the “sudden” upturn in demand since this summer is forcing it currently refusing orders. Fredéric Campagna, General Manager of global commercial operations of Rio Tinto's Aluminium division, did not hide the company's concern on 11 th November’20 at the situation in Saguenay-Lac-Saint-Jean, during a sectorial talk on aluminium organized by the Relançons Montréal movement. The region, which recorded a fresh new 198 cases of COVID-19 on 11 th November, has the highest rate of active cases per 100,000 inhabitants among the regions of Quebec, at more than 370. He said: “We are currently seeing many more cases in Saguenay in our factories in Quebec...
Further increase in demand among downstream producers and limited arrivals of stocks to warehouses have led to a loss of 25,000 tonnes in social primary aluminium inventories this week ending on Thursday, November 12, found the Shanghai Metals Market. SMM data shows the stocks have declined across eight major consumption areas in China, including SHFE warrants, to stand at 629,000 tonnes, as against 654,000 tonnes last week , on November 5. The decline in primary aluminium inventories has, however, reduced week-on-week as the stock last week fell by 34,000 tonnes, learned SMM. The chart below indicates the current status of primary aluminium inventories across China in more details: The inventories in Nanhai have reduced by 17,000 tonnes to stand at 184,000 tonnes, while that in Wuxi and...
The wait is going to be over on November 14. AlCircleBiz is all set to launch the first global online B2B marketplace platform for the entire aluminium value chain. AlCircleBiz will connect millions of buyers and sellers across the aluminium eco-system. It’s the online e-commerce platform of the AlCircle Group that has been providing news about the industry & facilitating global trade opportunities for the past 10 years. The primary feature of the online platform is to connect buyers and sellers through enquiries against listed products and business leads. AlCircleBiz is driven by the mission to build strong supply chains through enhanced transparency and narrowing reliance on intermediaries across the aluminium supply chain and delivering desired value to our stakeholders. When sellers...
