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 US exports of aluminium scrap stood at 161,000 tonnes in August 2020. That was down 2.42% year-on-year, according to the latest report from the US Geological Survey. On a month-on-month comparison, exports rose by 1.9% from July’s export volume of 158,000 tonnes. The US exported 1.17 million tonnes of aluminium scrap in the first eight months of 2020, from 1.26 million tonnes exported in the first eight months of 2019. This records a decrease of 7.14% or 90,000 tonnes. The US exports of aluminium scrap to Malaysia came in at 41,300 tonnes in August 2020. Scrap exports increased by 60% year-on-year but dropped by 15.54% month-on-month. The US had exported 25,800 tonnes and 48,900 tonnes in August 2019 and July 2020, respectively. Exports of aluminium scrap to Malaysia climbed by...
On Monday, November 2, three-month LME aluminium climbed 1.24 per cent to close at US$1,871 per tonne. On November 3 & 4, the price grew further by 1.18 per cent and 0.82 per cent to settle at US$ 1,893 per tonne and US$ 1908.50 per tonne, respectively. However, on Thursday, November 5, three-month LME aluminium fell 0.84 per cent to close at US$ 1,892.50 per tonne. LME aluminium cash (bid) price and LME official settlement price displayed an uptrend this week during November 2-6 from US$ 1834.50 per tonne to US$ 1891.50 per tonne, with an intermittent fall on Wednesday, November 4. Starting the week on Monday, November 2, at US$ 1834.50 per tonne, both LME aluminium cash (bid) price and LME official settlement price soared to US$ 1891 per tonne on Tuesday, November 3. On November 4, the...
SMM aluminium ingot price witnessed fluctuations over the week. The price on Monday and Tuesday stood higher at RMB 15050 per tonne and RMB 15150 per tonne. The price dropped by RMB 10 per tonne to RMB 15080 per tonne on Thursday, after declining by RMB 60 per tonne on Wednesday. Aluminium ingot price ended the week higher at RMB 15090 per tonne on Friday, 6 November 2020. According to the Shanghai Metals Market, social inventories of primary aluminium ingots declined sharply this week due to robust downstream demand and limited arrivals of stocks. The inventories decreased by 34,000 tonnes across eight major consumption areas, including SHFE warrants, to stand at 654,000 tonnes on Thursday, November 5. This marks the third consecutive week of decline. The alumina price in China continued...
On 6 th November’20, Vedanta reported 61.80% shrink in consolidated net profit at INR 824 crore for the quarter ended 30 th September’20 on the back of one-time tax expense. Vedanta said in a filing to BSE: “The Company posted a net profit of INR 2,158 crore in the year-ago period.” Income during July-September dropped to INR 21,744 crore from INR 22,814 crore in the year-ago period, the filing said. The company said in a statement the tax expense for the quarter was at INR 2,370 crore. "EBITDA for Q2 FY2021 was at INR 6,531 crore, higher by 63% Q-o-Q, mainly due to higher commodity prices, higher volumes at zinc business, lower cost of production at Zinc India and aluminium business, partially offset by higher input commodity prices, rupee appreciation and reversal in renewable purchase...
Norsk Hydro has announced the signing of a new long-term power contract for Norwegian aluminium portfolio. The company’s fully owned subsidiary Hydro Energi AS has entered into an agreement with Hafslund E-CO Vannkraft AS for an aggregated supply of 0.9 TWh in the period from 2021 to 2027, with delivery to price area NO5. “We are pleased with signing yet another contract with Hafslund E-CO Vannkraft AS, enabling us to secure stable long-term hydropower supply to our operations,” said Arvid Moss, Executive Vice President Energy in Hydro. Hydro and Hafslund E-CO Vannkraft AS already have signed a contract for an aggregated supply of 1.18 TWh in June. “Since 2014, Hydro has signed 16 long-term power purchase agreements (PPAs), all of which based on hydropower or wind power. Together with...
The Shanghai Metals Market has analysed the impact of the upcoming heating season on China’s prebaked anode industry, based on the relevant policies and specific measures in 2+26 cities. 2020 is the last year of China’s three-year action plan to fight air pollution, and many regions in northern China is about to enter the heating season of 2020-21. At the end of June 2020, the general office of the Ministry of Ecology and Environment of China issued a technical guide for key industries to reduce emissions in heavily polluted weather, stipulating specific emission reduction measures for enterprises with different grades in key sectors. Currently, there are 49 prebaked anode producers operating in Beijing-Tianjin-Hebei and its adjoining areas and the Fenwei Plain, with a total equipment...
SMM aluminium ingot price has risen by RMB 10 per tonne from its earlier price to RMB15090 per tonne on Friday, 06 November 2020. The price has registered a hike after two days of decline. It expected to move within a range of RMB 15070-15110 per tonne. In Foshan and Wuxi, the price has increased by RMB 30 per tonne each to stand at RMB 15000 per tonne and RMB 15100 per tonne. Their average prices are expected to range within RMB 14980-15020 per tonne and RMB 15090-15110 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 15100 per tonne and RMB 15010 per tonne, up RMB 40 per tonne and RMB 10 per tonne. Aluminium ingot prices in Tianjin and Linyi have dropped to stand at RMB 15050 per tonne and RMB 15065 per tonne, down RMB 5 per tonne each. The prices of alumina, Bauxite...
Three-month LME aluminium fell 0.84 per cent to close at US$ 1,892.50 per tonne on Thursday, November 5, with open interest rising to 748,000 lots. It is expected to trade between US$ 1,870-1,910 per tonne today, November 6. LME aluminium cash (bid) price and LME official settlement price increased from US$ 1,877 per tonne to US$ 1,885.50 per tonne on Thursday, November 5, following a downfall on the previous day. 3-months bid price and 3-months offer price stood at US$ 1,896 per tonne, growing by US$ 10.50 per tonne from US$ 1,885.50 per tonne. Dec 21 bid price and Dec 21 offer price came in at US$ 1,938.50 per tonne versus US$ 1924 per tonne on November 4 The LME aluminium opening stock decreased from 1450025 tonnes to 1443950 tonnes. Live Warrants hovered at 1220375 tonnes, while...
Bosnia’s ailing aluminium producer Aluminij has reportedly recommenced production after a halt for 15-months, thanks to an agreement with an Israeli-Chinese partner signed earlier this year, reported a local media. In April 2020, Israel’s M.T. Abraham Group and its partners China Machinery Engineering Corporation (CMEC) and China Nonferrous Metal Industry’s Foreign Engineering & Construction Co., Ltd. (NFC) signed an agreement with Aluminij for a long-term lease of the Bosnian company’s production assets, an initial step towards the restart of the production. The official start of production is announced in the beginning of November, but the official logs started rolling out earlier, public broadcaster BHRT said last week. In the beginning of October, around 82 workers started preparing...
RUSAL, a leader of the global aluminium industry concludes the installation of a modern automated system for cleaning crude aluminium in crucibles at the Khakas Aluminium Smelter (KhAZ) in Sayanogorsk. The global aluminium giant has injected $2.7 million in the project. The introduction of the automated complex will result in an expansion in both the share of alloys and the VAP produced at KhAZ that are in demand across the rolling, automotive, food, aircraft and construction industries. The innovative equipment produced for RUSAL in Canada will process metal in a 10-tonne crucible. It will effectively remove alkaline and alkaline earth metals from the molten aluminium and reduce the concentration of non-metallic inclusions. One of the main advantages of the TAC (Treatment of aluminium in...
Hindalco Industries Limited further increased the prices of its aluminium ingot and aluminium products on November 4, marking the third consecutive hike since October 31. The price of Hindalco’s aluminium ingot is now standing at INR 161,750 per tonne after an increase of INR 4,750 per tonne or 3.03 per cent from INR 157,000 tonnes, as of November 3. This indicates an expansion in the growth of Hindalco’s aluminium ingot price compared with the rise of INR 1,750 per tonne on the previous day. Hindalco’s aluminium billets price has come in at INR 168,850 per tonne, up by INR 4,750 per tonne as well from INR 164,100 per tonne. The company’s aluminium wire rods price is at INR 172,850 per tonne, with effect from November 4, registering a growth of 2.83 per cent from INR 168,100 per tonne....
According to the Shanghai Metals Market, social inventories of primary aluminium ingots have shrunk sharply this week, ending on Thursday, November 5, due to robust downstream demand and limited arrivals of stocks. Data shows the inventories have decreased by 34,000 tonnes across eight major consumption areas, including SHFE warrants, to stand at 654,000 tonnes. This marks the third consecutive week of decline. Last week, on October 29 , primary aluminium inventories declined by 7,000 tonnes to stand at 688,000 tonnes, following a decrease of 24,000 tonnes in the week ago, on October 22, to 695,000 tonnes. The chart below indicates the current status of primary aluminium inventories across China in more details: Wuxi and Gongyi have seen the highest plunge in primary aluminium inventories...
National Aluminium Company Limited (NALCO) has further increased the prices of its aluminium ingot and aluminium products with effect from Wednesday, November 4, 2020. The price of NALCO’s aluminium ingot has been raised significantly by INR 4,500 per tonne or nearly 3 percent from INR 158,150- 161,650 per tonne on November 1 to INR 162650-166150 per tonne. NALCO’s aluminium billets price has come in at INR 166100- 168750 per tonne, registering an increase of INR 4,500 per tonne as well from INR 161,600-164,250 per tonne. NALCO’s aluminium wire rods price is now at INR 166150-170500 per tonne versus INR 161650- 166000 per tonne on November 1. NALCO links the prices of its aluminium products to the three-month futures of aluminium on the London Metal Exchange, which since the beginning of...
Fortum eNext low-NOx solutions, a part of Finland’s clean energy firm Fortum, has accomplished its earliest commercial combustion modification project in Madhya Pradesh, India at Hindalco Mahan Aluminium. Fortum said in a statement: “The project was aimed at reducing nitrogen oxides (NOx) emissions on one of the 150-MW boilers located in the state of Madhya Pradesh.” According to the statement: “The NOx emissions of a coal-fired boiler are for the first time cut down to such an extent that NOx levels reached well below 300 mg/Nm3 in all loads and mill combinations.” In June’19, the project initiated, while the boiler was commissioned in March’20 and has been in operation since then, but due to COVID-19 pandemic, the comprehensive Performance Guarantee Tests were concluded in October’20....
Three-month LME aluminium climbed 0.82% to close at US$1,908.5 per tonne on Wednesday, with open interest rising to 747,000 lots. SMM expects the contract to trade between US$1,870-1,930 per tonne today. As of Wednesday November 4, LME aluminium cash (bid) price stands at US$ 1877 per tonne, LME official settlement price stands at US$ 1877per tonne; 3-months bid price stands at US$ 1885.50 per tonne, 3-months offer price is US$ 1885.50 per tonne; Dec 21 bid price stands at US$ 1924 per tonne, and Dec 21 offer price stands at US$ 1924 per tonne. The LME aluminium opening stock stood at 1450025 tonnes. Live Warrants totalled 1218725 tonnes, and Cancelled Warrants were 231300 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1880.64 per tonne. SHFE Aluminium Price Trend...
According to the Shanghai Metals Market, A00 aluminium ingot price in China has extended its downfall on November 5, albeit lower than the previous day, to stand at RMB 15,080 per tonne. The price today has fallen by RMB 10 per tonne compared with the decline of RMB 60 per tonne on November 4. The average A00 aluminium ingot price today is expected to range between RMB 15,060 per tonne and RMB 15,100 per tonne, with spot contract to be traded at a premium price of RMB 80-120 per tonne, down by RMB 60 per tonne from the day earlier. Except in Foshan, Linyi, and Tianjin, A00 aluminium ingot price has declined across all major cities in China. In Shenyang, the price has dwindled by RMB 40 per tonne to stand at RMB 15,070 per tonne, while that in Hangzhou and Chongqing has plunged by RMB 20...
Mozal SA has joined Aluminium Stewardship Initiative (ASI) as a new Production & Transformation member. This brings the total number of ASI Members working towards a responsible aluminium value chain to 141. The company manufactures approximately 575,000 tons of primary aluminium per annum of which 9% is sold annually to a downstream business. “Mozal joined ASI as part of our business strategy to improve transparency and deliver on international performance standards in the area of Environmental, Sustainability and Governance. We believe to produce a product in a responsible way and minimize impacts to environment, people & community and maintain our license to operate in Mozambique. ASI will help us improve our ESG performance and assist us to learn and incorporate world class...
The American election is attracting attention in the whole world, but for Saguenay – Lac-Saint-Jean in Canada, it is very much critical. Major sectors of the regional economy are affected by the choice Americans will make between Republican Donald Trump and Democrat Joe Biden. The Canada aluminium industry, which exports 90% of its production to the American market, suggests that they would be more comfortable with the arrival of Joe Biden in the White House. Within the unions of aluminium workers, the enthusiasm for this vote is very present, especially not to see Donald Trump again as President. Sylvain Maltais, President of the union of the Rio Tinto’s Alman factory, said: “On two occasions he gave us taxes on aluminium. We are afraid to see him be re-elected.” In this sector of...
