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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Vedanta has hiked its aluminium products price for the second time in a row. With effect from Wednesday, 04 November 2020, the prices of some aluminium ingots are in the range of INR 159,500-172,500 per tonne. That was up by INR 4,500 per tonne from INR 155,000-168,000 per tonne on November 3. The company’s billet price came in at INR 167,500 per tonne on November 4, a jump of INR 4,500 per tonne from INR 163,000 per tonne on November 3. 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 2% 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...
Aluminum Corporation of China Limited, popularly known as Chalco, announced on Tuesday, November 3, that it would sell a smelting capacity quota of 135,000 tonnes per annum to Yunnan Aluminium. Like Chalco, Yunnan Aluminium is also a subsidiary of state-owned Chinalco, the world’s biggest aluminium producer by capacity. Yunnan Aluminium topped Chalco’s auction for the quota by bidding RMB 538.65 million ($80.64 million), excluding tax, according to Reuters report. Yunnan Aluminium, based in southwest China’s Yunnan province, said that winning the quota would “help accelerate implementation of the company’s integrated hydropower and aluminium development strategy and further enhance competitiveness.” Aluminium capacity transfers between regions are allowed in China, and it is the second...
SMM aluminium ingot price has registered a decline after three days of hike. The price stood at RMB 15090 per tonne on Wednesday, 04 November 2020, marking a decline of RMB 60 per tonne. The price is expected to range at RMB 15070-15110 per tonne. In Foshan and Wuxi, the price has decreased by RMB 90 per tonne and RMB 60 per tonne to stand at RMB 14960 per tonne and RMB 15080 per tonne. Their average prices are expected to range within RMB 14940-14980 per tonne and RMB 15070-15090 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 15080 per tonne and RMB 15020 per tonne, down RMB 50 per tonne and RMB 40 per tonne. Aluminium ingot prices in Shenyang, Tianjin, and Linyi have dropped to stand at RMB 15110 per tonne, RMB 15055 per tonne, and RMB 15055 per tonne, down RMB 55...
National Aluminium Company Limited (NALCO) has extended the growth of its aluminium ingot and aluminium product prices for the third time in a row, albeit lower than the previous times, with effect from November 1. NALCO has raised its aluminium ingot price by INR 600 per tonne on November 1, compared with the hike of INR 3,400 per tonne on October 17. Hence, the company’s aluminium ingot price is now hovering at INR 158,150- 161,650 per tonne. With the latest hike, NALCO’s aluminium billets price has come in at INR 161,600-164,250 per tonne, registering an increase of INR 600 per tonne from INR 161,000- 163,650 per tonne. NALCO’s aluminium wire rods price is now at INR 161650- 166000 per tonne versus INR 161,050-165,400 per tonne as of October 17. Like any Indian aluminium producers,...
As the Quebec Govt. wants to breathe new life into the aluminium industry, it needs to well listen to the subcontractors and suppliers of equipment towards aluminium smelter, who desires to double their exports over the next five years. Éloïse Harvey, President of Mecfor and spokesperson for a dozen companies among those that manufacture the specialized equipment used by major primary aluminium producers around the world, said: “We are part of the equation." Together, the group employs 900 people and generates revenues of 183 million, 57% of which already come from export markets. While the Quebec government has undertaken to modernize its aluminium strategy, equipment manufacturers are asking for a helping hand to improve the competitiveness of the sector that exports the most in Quebec,...
Three-month LME aluminium climbed 1.18 per cent to close at US$ 1,893 per tonne on Tuesday, November 3, with open interest rising to 742,000 lots. It is expected to trade between US$ 1,870-1,910 per tonne on November 4. LME aluminium cash (bid) price and LME official settlement price increased for the third day in a row on Tuesday, November 3. The prices jumped significantly by US$ 56.50 per tonne from US$ 1,834.50 per tonne to US$ 1,891 per tonne. 3-months bid price and 3-months offer price also stood at US$ 1,891 per tonne on November 3, growing by US$ 51.50 per tonne from US$ 1,839.50 per tonne on November 2. Dec 21 bid price and Dec 21 offer price came in at US$ 1,926 per tonne, an increase of US$ 44 per tonne from US$ 1,882 per tonne. The LME aluminium opening stock decreased from...
Many northern regions in China are about to enter the heating season. This year is the final year of China’s three-year “Blue Sky” action plan. So, the Shanghai Metals Market has presented an analysis of the heating season on the aluminium and alumina industries based on relevant policies and specific measures issued in June 2020 by the Ministry of Ecology and Environment of China for Beijing, Tianjin and surrounding 26 cities. According to SMM, total 11 aluminium smelters are located in 2+26 city (Beijing-Tianjin-Hebei and surrounding areas + Fenwei Plain), which involves 9 cities in 4 provinces (Shanxi, Henan, Shandong and Shaanxi). The existing annual aluminium capacity in those 9 cities stands at 10.75 million tonnes, accounting for 24.8 per cent of China’s total existing annual...
Vedanta’s aluminium ingot and aluminium product prices have been raised significantly with effect from November 3, following back-to-back declines on October 28 and 30. The company has grown its aluminium ingot price by INR 4,750 per tonne or 3.16 per cent on November 3 from INR 150,250-163,250 per tonne on October 30 to INR 155,000-168,000 per tonne. Post the latest hike, Vedanta is now selling its aluminium wire rod at INR 162,500-170,000 per tonne versus INR 157,750-165,250 per tonne on October 30. This marks a growth of INR 4,750 per tonne as well. Vedanta’s aluminium billet price has come in at INR 163,000 per tonne, growing by 3 per cent from INR 158,250 per tonne on October 30. Vedanta links its aluminium product prices to the three-month futures of aluminium on the London Metal...
Aluminium Bahrain (Alba) has launched ‘Safety Voice’ virtual campaign. The campaign comes as part of the company’s commitment to empower its Non-Management employees to voice-out their Safety messages via as well as adopt a bottom-up approach for Safety communication. The campaign was launched by Alba’s Chief Executive Officer Ali Al Baqali with a keynote presentation. Ali Al Baqali stressed on the workforce’s role to build a sustainable Safety culture for the generations to come. Alba’s CEO Ali Al Baqali commented: “What makes the ‘Safety Voice’ Campaign unique is that it provides our Non-Management employees -- being on the shop-floor and at the heart of Alba’s operations -- the opportunity to use their voice and accordingly be the changes the Company want to see when it comes to Safety...
Three-month LME aluminium climbed 1.24% to close at US$1,871 per tonne on Monday. SMM expects the contract to trade between US$1,850-1,890 per tonne today. As of Monday November 2, LME aluminium cash (bid) price stands at US$ 1834.50 per tonne, LME official settlement price stands at US$ 1834.50 per tonne; 3-months bid price stands at US$ 1839.50 per tonne, 3-months offer price is US$ 1839.50per tonne; Dec 21 bid price stands at US$ 1882 per tonne, and Dec 21 offer price stands at US$ 1882 per tonne. The LME aluminium opening stock stood at 1461025 tonnes. Live Warrants totalled 1219725 tonnes, and Cancelled Warrants were 241300 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1846 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to...
According to the Shanghai Metals Market, A00 aluminium ingot price in China has recorded a surge of RMB 100 per tonne on Tuesday, November 3, to stand at RMB 15,150 per tonne, marking the third consecutive day of rising since October 30. On November 2, the price opened the week with a hike of RMB 220 per tonne to exceed the level of RMB 15,000 per tonne. Today, the average A00 aluminium ingot price is expected to range between RMB 15,130 per tonne and RMB 15,170 per tonne, with spot contract to be traded at a premium price of RMB 140-180 per tonne, down by RMB 30 per tonne from the previous day. Among the major Chinese cities, Wuxi and Chongqing have seen the highest rise in A00 aluminium ingot price of RMB 90 per tonne to RMB 15,050 per tonne and RMB 15,060 per tonne, followed by an...
Manasa Prasad Mishra takes charge as the new Director - Projects & Technical for the Indian state-owned National Aluminium Company Limited (NALCO), a Navratna group ‘A’ CPSE Company. On 2 nd November’20, in a statement, it was said that Mishra was serving in the company as Executive Director of smelter and power complex at Angul, before the present assignment. Mishra, a Mechanical Engineering graduate from UCE Burla (now Veer Surendra Sai University of Technology), has begun his career in NALCO as a trainee engineer in 1984. Over more than three decades of service association with NALCO, Mr Mishra has served in various capacities in production and business development and has contributed significantly in the execution of various projects and plant operations, before he was promoted as...
Only 2 days to go to the much-awaited online conference organised by the International Bauxite, Alumina & Aluminium Society (IBAAS) on November 4-6, 2020. The conference will bring leading International experts in one platform to deliver excellent presentations on the latest topics of the aluminium industry. The registration process for the conference is on and is absolutely Free of Cost! Already 300 participants from 100 odd companies have registered for this online event. The two and half days' technical program is packed with high quality recorded presentations, with live questions and answers sessions. Speakers are from the Aluminium Stewardship Initiative (ASI), Hindalco, International Aluminium Institute (IAI), Vimetco, AKW, Worley, Metso, Outotec, Tokai Cobex, OSIsoft, Rain Carbon,...
Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC) has entered into a memorandum of understanding (MoU) with Russian Union of Producers, Suppliers and Consumers of Aluminium (RUSAL) for the co-operation in the development of aluminium production, consumption and technology transfer between both organisations, The Hitavada reported. Dr Anupam Agnihotri, Director, JNARDDC; Artem Asatur, Co-Chairman, RUSAL; M T Nimje, M J Chaddha, R N Chouhan, Dr Upendra Singh and Sanjay Wadodkar were present at the virtual meeting. Some of the agreements include: promoting exchange of experience in order to take practical steps to increase aluminium consumption; Assistance in information exchange and communications between the representatives of Russian and Indian aluminium...
Vedanta Resources, the globally diversified metal and mining company with its head office in London, United Kingdom, has been in the news for various reasons and the newest which has come up is the recent organisational changes that incorporates promoting Santosh Kumar as CMO - Asia & Oceania for Base Metals & Concentrate. Santosh Kumar, a seasoned technocrat, associated with Vedanta Group for 12 years, having a whooping proven track record in Sales & Marketing, business strategy & analysis, sourcing & procurement for commodities & capex's, Supply chain management, project execution and management, contract management to maximize business results. In his previous assignment in the organisation, he was heading the sales of the European Market for Vedanta’s aluminium business, where he...
Christian Bruch, Siemens Energy’s Chief Executive Officer, and Abdulnasser Bin Kalban, Emirates Global Aluminium’s CEO, have reportedly met to evaluate the progress of a very highly-efficient power generation facility under construction at EGA Jebel Ali site and discuss potential future cooperation. Siemens Energy is leading the construction of the power block project worth AED 1 billion. It will be the first in the global aluminium industry to use a Siemens Energy H-class gas turbine, a leading technology in efficient power generation. The facility will have a power generation capacity of over 600 megawatts of electricity. EGA generates electricity for use in its aluminium smelting and other industrial operations. Christian Bruch, CEO of Siemens Energy, said: “EGA is the largest power...
According to a recent report, some of the world’s largest aluminium producers like Norwegian group Norsk Hydro and India’s Hindalco Industries are resisting the London Metals Exchange’s plans of launching a “green aluminium” trading platform. The news came after the companies said they both opposed proposals by the LME to build a separate contract for trading lower carbon aluminium. In August, the LME announced its plans for a separate spot exchange to trade low-carbon aluminium, the first trading platform based on the environmental footprint in the exchange’s 143-year history. The LME thought a separate trading venue for low-carbon aluminium could help determine if customers were willing to pay a premium for greener metal. That, in turn, would incentivise the industry to lower its carbon...
SMM aluminium ingot price has opened higher at RMB 15050 per tonne on Monday, 02 November 2020. This records a growth of RMB 220 per tonne from Friday. The price is expected to range at RMB 15030-15070 per tonne. In Foshan and Wuxi, the price has increased by RMB 220 per tonne and RMB 210 per tonne to stand at RMB 14990 per tonne and RMB 15050 per tonne. Their average prices are expected to range within RMB 14970-15010 per tonne and RMB 15040-15060 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 15050 per tonne and RMB 14970 per tonne, up RMB 180 per tonne and RMB 220 per tonne. Aluminium ingot prices in Shenyang, Tianjin, and Linyi have dropped to stand at RMB 15080 per tonne, RMB 15010 per tonne, and RMB 15060 per tonne, up RMB 305 per tonne, RMB 200 per tonne and RMB...
