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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Three-month LME aluminium climbed 2.44 per cent to close at US$ 1,848 per tonne on last Friday, with open interest falling to 743,000 lots. It is expected to trade between US$ 1,820-1,870 per tonne today. LME aluminium cash (bid) price and LME official settlement price rebounded on Friday, October 30, to stand at US$ 1,820.50 per tonne. 3-months bid price and 3-months offer price jumped from US$ 1,795.50 per tonne to US$ 1,823.50 per tonne. Dec 21 bid price and Dec 21 offer price stood at US$ 1,869 per tonne, an increase of US$ 25.50 per tonne from US$ 1,843.50 per tonne. The LME aluminium opening stock increased marginally from 1462750 tonnes to 1462925 tonnes. Live Warrants stood at 1219725 tonnes, while Cancelled Warrants at 243200 tonnes. LME aluminium 3-months Asian Reference Price...
The global diversified metal and mining giant Vedanta Resources Limited with its headquarters in London, UK has come with organisational changes in the recent period which includes elevating Kanishk Agarwal to CMO, Europe for Base Metals & Concentrates. Kanishk, one of the youngest CMO’s in the metal industry will be shouldering the responsibility for sales of Copper rods, aluminium value-added products and ingots & zinc concentrate to the European region. He is an Alumnus from Narsee Monjee Institute of Management Studies and Campion School. He has been associated with the Group for over 3 years and has worked extensively across functions like finance, marketing, investor relations, strategy formulation in different commodities within the Group. In his previous role, he was Country...
On Monday, October 26, three-month LME aluminium shed 1.11 per cent to settle at US$ 1,822 per tonne. On Tuesday, it hit the lowest in more than two weeks at US$1,812 per tonne earlier in the session, closing down 0.05% to come in at US$1,821 per tonne. On Wednesday, October 28, the price closed further 0.52 per cent lower at US$ 1,811.5 per tonne, which on Thursday, October 29, dropped to a three-week low at US$1,804 per tonne. LME aluminium cash (bid) price and LME official settlement price started the week on Monday, October 26, lower at US$ 1822.50 versus US$ 1829 per tonne on October 23. On Tuesday, October 27, both the prices fell sharply to stand at US$ 1808 per tonne, which on Wednesday declined further to US$ 1801 per tonne. On Thursday, October 29, both LME aluminium cash (bid)...
SMM aluminium ingot price continued to trend lower this week. The price on Tuesday, 27 October, declined by RMB 10 per tonne to stand at RMB 14880 per tonne, after remaining flat on Monday. The price dropped by RMB 140 per tonne and RMB 30 per tonne on Wednesday and Thursday, ending the price at RMB 14740 per tonne and RMB 14710 per tonne on October 28 and October 29. Aluminium ingot price ended higher at RMB 14830 per tonne on Friday, 30 October 2020. According to the Shanghai Metals Market, social inventories of primary aluminium have extended decline by 7,000 tonnes this week. The data shows the inventories have decreased across eight major consumption areas in China, including SHFE warrants, to come in at 688,000 tonnes on October 29. The alumina price in China continued to remain...
Vedanta has continued to reduce its aluminium products price. With effect from Friday, 30 October 2020, the prices of some aluminium ingots are in the range of INR 150,250-163,250 per tonne, marking a decline of INR 1,500 per tonne from INR 151,750-164,750 per tonne on October 28. The company’s billet price came in at INR 158,250 per tonne on October 30. That is down by INR 1,500 per tonne from INR 159,750 per tonne on October 28. 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 flat 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 Jharsuguda in...
The up-rise in primary aluminium export has supported the industry producers of the metal to cushion a rapid plunge in domestic demand amid the COVID-19 outbreak, as per the Crisil Research report. Crisil report indicates: “Primary aluminium exports rose by 50% in the first quarter of the current fiscal and constituted over 75% of the total production of the commodity.” “Among the destinations, the exports have surged to countries that have had early success in containing the pandemic, such as China, South Korea and Malaysia”, it said. However, the report also reflected that exports to china blown with mammoth 4500% on-year the low base. "On the domestic front, primary aluminium demand is estimated to have plunged 45-50% on-year in the first quarter following the nationwide and local...
On 29 th October’20, Emilo Braghi, President of Novelis Europe has been re-elected as the Chairman of European Aluminium Association at their General Assembly, which went on a virtual platform. The European Aluminium association proudly welcomed two new members in 2020, which makes the association’s total membership to leap 85 plus members representing 600 plants across 30 European nations. Emilo Braghi, said: “I am grateful to my colleagues for their confidence during this critical time for our industry. I aspire to be a strong ambassador for the entire value chain and help secure adequate support measures for our industry to recover from the corona crisis and set the right conditions for fostering the production of sustainable aluminium in Europe.” “I’m especially looking forward to the...
Three-month LME aluminium dropped to a three-week low at US$1,793 per tonne on Thursday, closing 0.41% lower at US$1,804 per tonne. SMM expects the contract to trade between US$1,790-1,830 per tonne today. As of Thursday October 29, LME aluminium cash (bid) price stands at US$ 1786 per tonne, LME official settlement price stands at US$ 1786 per tonne; 3-months bid price stands at US$ 1795.50 per tonne, 3-months offer price is US$ 1795.50 per tonne; Dec 21 bid price stands at US$ 1843.50 per tonne, and Dec 21 offer price stands at US$ 1843.50per tonne. The LME aluminium opening stock stood at 1462750 tonnes. Live Warrants totalled 1216650 tonnes, and Cancelled Warrants were 246100 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1815 per tonne. SHFE Aluminium Price...
Century Aluminum Company announced its third quarter 2020 results. Shipments of primary aluminium were 203,022 tonnes in Q3, down 3% from 210,309 tonnes Q2 2020. Net sales stood at $392.9 million compared with $401.9 million for the second quarter of 2020, down 2% on lower LME prices and regional premiums. Adjusted EBITDA came in at $(31.4) million in Q3, a decrease of $36.0 million primarily driven by unfavourable LME and regional premium price realizations, and higher seasonal power costs. The company posted a net loss of $(58.2) million and a $(64.4) million net loss on an adjusted basis in Q3. The results were impacted by $6.2 million of exceptional items, including a $15.4 million lower of cost or net realizable value inventory adjustment (net of tax), offset by $8.0 million of...
According to the Shanghai Metals Market, social inventories of primary aluminium have extended decline by 7,000 tonnes this week, ending on Thursday, October 29. The data shows the inventories have decreased across eight major consumption areas in China, including SHFE warrants, to come in at 688,000 tonnes. Last week, on October 22 , primary aluminium inventories fell significantly by 24,000 tonnes week-on-week to stand at 695,000 tonnes. The chart below indicates the current status of primary aluminium inventories across China in more details: Except in Gongyi and Linyi, the decline in primary aluminium inventories today has touched upon all other major Chinese cities. Wuxi has seen the highest downfall of 11,000 tonnes to 197,000 tonnes, followed by Shanghai, wherein the inventories...
Hindalco Industries Limited has cut its aluminium ingot and aluminium product prices with effect from Wednesday, October 28, after raising them a week ago. The company is now selling its aluminium ingot at INR 153,750 per tonne compared with 156,000 tonnes as of October 22. This represents a decrease of INR 2,250 per tonne or 1.44 per cent in Hindalco’s aluminium ingot price this week. Hindalco’s aluminium wire rod price has come in at INR 164,850 per tonne, also representing a decline of INR 2,250 per tonne from INR 167,100 per tonne. Hindalco’s aluminium billet price is hovering at INR 160,850 per tonne versus INR 163,100 per tonne on October 22. Hindalco generally links its aluminium product prices to the three-month futures of aluminium on the London Metal Exchange, which during...
SMM aluminium ingot price has declined by RMB 30 per tonne to stand at RMB 14880 per tonne on Thursday, 29 October 2020 from its previous price of RMB 14740 per tonne on October 28. This marks the third consecutive decline in aluminium ingot price. The price is expected to range at RMB 14690-14730 per tonne. In Foshan and Wuxi, the price has decreased by RMB 40 per tonne and RMB 10 per tonne to stand at RMB 14680 per tonne and RMB 14740 per tonne. Their average prices are expected to range within RMB 14660-14700 per tonne and RMB 14720-14760 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 14750 per tonne and RMB 14670 per tonne, down RMB 15 per tonne and RMB 20 per tonne. Aluminium ingot prices in Shenyang, Tianjin, and Linyi have dropped to stand at RMB 14690 per...
Three-month LME aluminium closed 0.52 per cent lower at US$ 1,811.5 per tonne on Wednesday, October 28, after hitting its lowest in nearly three weeks at US$ 1,802.50 per tonne earlier in the session. It is expected to trade between US$ 1,800-1,840 per tonne today. LME aluminium cash (bid) price and LME official settlement price extended decline from US$ 1808 per tonne to US$ 1801 per tonne, as of Wednesday, October 28. 3-months bid price and 3-months offer price stood at US$ 1815 per tonne, down by US$ 8 per tonne from US$ 1823 per tonne. Dec 21 bid price and Dec 21 offer price also decreased from US$ 1873.50 per tonne to US$ 1865 per tonne. The LME aluminium opening stock hovered at 1466325 tonnes. Live Warrants stood at 1216650 tonnes, while Cancelled Warrants at 249675 tonnes. LME...
On 27 th October’20, The President of United States, Donald Trump issued a decree towards formally removing the tariffs on raw aluminium imports from Canada, but with a threat to re-impose them, if a surge in imports crosses the northern US border. "I have determined that imports of aluminium from Canada will no longer threaten to impair the national security, and thus I have decided to reinstate Canada's exclusion from the tariff," the decree reads. The decree follows an agreement with Canada made public previous month by the US Trade Representative’s office to reinstate exclusion for Canadian imports from 10% “Section 232” national security tariffs, retroactive to 1 st September. The US President first granted the exclusion to Canada in 2019, but a surge in imports of Canadian...
Rusal announced that its aluminium production in the third quarter of 2020 totalled 939,000 tonnes, increasing by 1.3 per cent quarter-on-quarter from 927,000 tonnes in Q2. Siberian smelters represented 93% of the output. Rusal’s aluminium production increased in the third quarter after a drop in the earlier quarter by 1.4 per cent Q-o-Q. Aluminium sales continued to rise quarter-on-quarter, albeit slower than the previous quarter, to amount to 1.008 million tonnes in Q3 2020 versus 976,000 tonnes in Q2. In the September quarter, sales volume increased by 3.3 per cent, while in the June quarter it raised by 6.8 per cent. Sales of value added products also increased quarter-on-quarter by 25.4 per cent to 455,000 tonnes, demonstrating a recovery of VAP share in total sales mix to 45 per...
Vedanta has dropped its aluminium products price on Wednesday, 28 October 2020. The prices of some aluminium ingots are in the range of INR 151,750-164,750 per tonne, representing a decline of INR 2,000 per tonne from INR 153,750-166,750 per tonne on October 22. The company’s billet price came in at INR 159,750 per tonne on October 28, a decrease of INR 2,000 per tonne from INR 161,750 per tonne on October 22. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The LME aluminium prices have been rising 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 Jharsuguda in Odisha. It...
On Tuesday, October 27, China’s environment ministry said no new aluminium production would be encouraged in the country’s sprawling western region, which occupies more than half the country’s total land area, including the Xinjiang region. Aluminium smelters in China have been increasingly building plants in western parts of the country, particularly in Yunnan, owing to its rich source of cleaner hydropower. Ministry gave the same suggestion for coke as well. In response to a National Development and Reform Commission (NDRC) document released in August on “encouraged industries” for China’s West, the Ministry of Ecology and Environment said aluminium and coke be excluded from the list. “Coking and electrolytic aluminium are high-polluting and high-energy consuming industries and they...
Aluminum Corporation of China Limited, known as Chalco, reported 5.3% year-on-year drop in third-quarter production to 900,000 tonnes. The primary aluminium output declined by 2.8% year-on-year to 2.76 million tonnes in the first nine months of 2020, Reuters reported. The company said in a Hong Kong stock exchange filing that its third quarter net profit quadrupled from a year earlier on substantial cut in operating costs. Net income stood at 416.06 million yuan for July-September, from 103.87 million yuan a year earlier. In the first nine months, net profits came in at 451.78 million yuan, down 44.3% year-on-year. Chalco’s revenue dropped 3.5% to 49.05 billion yuan but a 5.2% cut in total cost of operations saw Chalco firmly in the black. The production of alumina came in at 10.74...
