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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Rio Tinto’s indefinite closure of aluminium alloy ingot plant in Beauharnois, Quebec, has been considered as an unexpected on workers and their Unifor Union, Canada's largest private-sector union, with over 300,000 members in a diverse range of sectors, across the country. On 26 th October’20, Renaud Gagné, Quebec Director, Unifor, said: “This is very bad news. A hard blow for our members as the holiday season approaches.” “In addition to the layoff notices and bonuses that will be offered to them in accordance with the collective agreement, workers will have the opportunity to go and work in Saguenay in one of the Rio Tinto factories,” Mr Gagné added. In the last one year, a 60% drop in contracts has made the employer to decide for the closure of the plant. The weekly yield dropped from...
Three-month LME aluminium hit its lowest in more than two weeks at US$1,812 per tonne earlier in the session, closing down 0.05% to settle at US$1,821 per tonne on Tuesday. It is expected to fluctuate between US$1,800-1,840 per tonne today. As of Tuesday October 27, LME aluminium cash (bid) price stands at US$ 1808 per tonne, LME official settlement price stands at US$ 1808 per tonne; 3-months bid price stands at US$ 1823 per tonne, 3-months offer price is US$ 1823 per tonne; Dec 21 bid price stands at US$ 1873.50 per tonne, and Dec 21 offer price stands at US$ 1873.50 per tonne. The LME aluminium opening stock stood at 1469000 tonnes. Live Warrants totalled 1216650 tonnes, and Cancelled Warrants were 252350tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1830.66...
Aluminium Bahrain B.S.C. (Alba) has reported its financial results for the third quarter and nine months of 2020, revealing that it experienced a loss of BD 11.6 million (US$31 million) in Q3, up by 209 per cent year-on-year from a profit of BD 10.7 million (US$28.4 million). In total nine months of the year, Alba made a loss of BD22.3 million (US$59.2 million), up by 164 per cent year-on-year from a Loss of BD8.4 million (US$22.4 million). With regards to the Revenue from Contracts with Customers in the third quarter of 2020, Alba generated BD262.7 million (US$698.6 million) versus BD287.1 million (US$763.6 million) in Q3 2019 - down by 8.5 per cent YoY. During January-September, total Revenue from Contracts with Customers reached BD782.6 million (US$2,081.5 million), up by 6% YoY from...
A00 aluminium ingot price has edged lower by RMB 60 per tonne on Tuesday, 27 October 2020 after remaining flat October 26. The price now stands at RMB 14880 per tonne today, from its previous price of RMB 14940 per tonne. The price is expected to range at RMB 14860-14900 per tonne. In Foshan and Wuxi, the price has decreased by RMB 70 per tonne and RMB 40 per tonne to stand at RMB 14850 per tonne and RMB 14880 per tonne. Their average prices are expected to range within RMB 14830-14870 per tonne and RMB 14870-14890 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 14900 per tonne and RMB 14865 per tonne, down RMB 30 per tonne and RMB 25 per tonne. Aluminium ingot prices in Tianjin, Linyi and Gongyi have dropped to stand at RMB 14870 per tonne, RMB 14890 per tonne, and RMB...
Three-month LME aluminium shed 1.11 per cent to settle at US$ 1,822 per tonne on Monday, after hitting its lowest in more than two weeks at US$ 1,821.5 per tonne earlier in the session. It is likely to fluctuate between US$ 1,810-1,850 per tonne today. LME aluminium cash (bid) price and LME official settlement price decreased by US$ 6.5 per tonne from US$ 1829 per tonne to US$ 1822.50 per tonne, as of Monday, October 26. 3-months bid price and 3-months offer price stood at US$ 1837.50 per tonne, down by US$ 5 per tonne from US$ 1842.50 per tonne on October 23. Dec 21 bid price and Dec 21 offer price declined from US$ 1895.50 per tonne to US$ 1890.50 per tonne. The LME aluminium opening stock hovered at 1473900 tonnes. Live Warrants stood at 1216650 tonnes, while Cancelled Warrants at...
On 22 nd October’20, Brian Hesse, President and CEO, Rusal America Corporation, said: “Rusal America Corp has secured ‘green’ aluminium supply contracts with two separate Mexican downstream manufacturers, with one being the ‘greenest’ slab contract ever signed in North America.” “Mexican manufacturers are leading the green aluminium charge in North America, realizing that consumers will start demanding it”, he said. Rusal America has already signed contracts for its low-carbon allow brand with two different Mexican downstream aluminium producers for aluminium billet and slab. Hesse said: “Neither of those contracts includes an additional ‘green’ premium on top of the value-added premiums outlined in the deals.” Lord Gregory Barker, En+ Group Chairman in June’20 said: “Green premium was...
According to the International Aluminium Institute data, East & Central Europe produced 338,000 tonnes of primary aluminium in September 2020 compared with 349,000 tonnes in August. This means the production in East & Central Europe shrank by 11,000 tonnes or 3.15 per cent month-on-month in September 2020. On a year-on-basis, the production in September 2020 stood down by 6,000 tonnes or 1.74 per cent from 344,000 tonnes. In the third quarter of 2020, primary aluminium production in East & Central Europe came in at 1.03 million tonnes, flat quarter-on-quarter but down by 2.83 per cent from 1.06 million tonnes in Q3 2019. Total primary aluminium production in East & Central Europe during the first nine months of 2020 stood at 3.11 million tonnes, slightly up from 3.10 million tonnes during...
Three-month LME aluminium declined 0.3% to close at US$1,842.5 per tonne on last Friday, with open interest rising to 747,000 lots. SMM expects the contract to trade between US$1,830-1,870 per tonne today. As of Friday October 23, LME aluminium cash (bid) price stands at US$ 1829 per tonne, LME official settlement price stands at US$ 1829 per tonne; 3-months bid price stands at US$ 1842.50 per tonne, 3-months offer price is US$ 1842.50per tonne; Dec 21 bid price stands at US$ 1895.50per tonne, and Dec 21 offer price stands at US$ 1895.50per tonne. The LME aluminium opening stock stood at 1479075 tonnes. Live Warrants totalled 1258250 tonnes, and Cancelled Warrants were 220825 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1843 per tonne. SHFE Aluminium Price Trend...
Aluminium Bahrain (Alba) said the construction is in full swing at the company’s Spent Pot Lining (SPL) Treatment Plant, the first of its kind in the GCC and Middle East. The company said officials from Alba, Supreme Council for Environment (SCE), and Ministry of Industry, Commerce, and Tourism (MOICT) paid an inspection visit to the construction site. Alba’s CEO, Mr. Ali Al Baqali said: “The Spent Pot Lining Plant construction is in full swing and we are pleased with the progress we have achieved so far as that will bring us closer to realise our vision in setting the benchmark in terms of sustainability and waste management. I take the opportunity to thank MOICT for their continuous support in this journey and SCE for helping us to address one of the key environmental issues for our...
A00 aluminium ingot price has remained restrained at RMB 14,940 per tonne, as of Monday, October 26, following a drop from RMB 14,950 per tonne on Friday, October 23, according to the Shanghai Metals Market. The average prices are expected to range between RMB 14,920 per tonne and RMB 14,960 per tonne, with spot contract to be traded at a premium price of RMB 140-180 per tonne, down by RMB 50 per tonne from the previous day. However, the restraint at A00 aluminium ingot price has not touched upon all the major Chinese markets except Gongyi, where the price has remained muted at RMB 14,840 per tonne. In Chongqing and Shenyang, the price has increased by RMB 20 per tonne and RMB 15 per tonne to stand at RMB 14,890 per tonne and RMB 14,905 per tonne, respectively. In in Hangzhou and Tianjin,...
ALVANCE British Aluminium has joined Aluminium Stewardship Initiative (ASI) as a new Production & Transformation member. This brings the total number of ASI Members working toward a responsible aluminium value chain to 139. ALVANCE British Aluminium has a smelting facility in the UK. It is powered by hydro-electric power which makes the site one of the greenest metal production plants in the UK. The company provides semi-finished aluminium to the national and international market. The company’s vision is to add value through the development of downstream manufacturing based on the liquid aluminium produced on site. "ALVANCE British Aluminium is part of the ALVANCE Aluminium group. Our core business philosophy is to produce aluminium in a sustainable way to support our employees and the...
Three-month LME aluminium ended flat at US$1,848 per tonne on Thursday. Shrinking LME aluminium stocks underpinned prices. SMM expects the contract to trade between US$1,830-1,870 per tonne today. As of Thursday October 22, LME aluminium cash (bid) price stands at US$ 1828 per tonne, LME official settlement price stands at US$ 1828 per tonne; 3-months bid price stands at US$ 1840 per tonne, 3-months offer price is US$ 1840 per tonne; Dec 21 bid price stands at US$ 1893.50 per tonne, and Dec 21 offer price stands at US$ 1893.50 per tonne. The LME aluminium opening stock stood at 1481950 tonnes. Live Warrants totalled 1264400 tonnes, and Cancelled Warrants were 217550 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1845 per tonne. SHFE Aluminium Price Trend Benchmark...
Qatar Aluminium Manufacturing Company (Qamco), a 50% joint venture (JV) partner in a smelter that produces premium quality aluminium products, has posted net profit of QR12.3 million for the nine months period ended 30 September 2020. The company’s share of revenue stood at QR 1.6 billion, down by 14%, compared to nine months period of last year. Sales volume was marginally higher by 1% “as Qamco's JV swiftly shifted the production to standard ingots, whereas, the demand for premium aluminium products and alloys used by various industries declined.” The average selling prices dropped by 16% year-on-year. QAMCO’s share of joint venture’s EBITDA came in at QR 439 million for the nine months period ended 30 September 2020. That was down by 15% compared to the same period last year....
The high possibility of Century Aluminum to close down by the end of this year has already caused many Goose Creek businesses worried about the effects on the local industry. On Tuesday, October 20, Century Aluminum announced its Mt. Holly plant might close on December 31 unless they abled to secure a competitively-priced power arrangement with Santee Cooper. The plant’s closure will expectedly affect nearly 300 jobs and also those who have been doing business with Century Aluminum. It would be a huge loss for many local businesses like Allen and Webb, an industrial service and repair company, said Charles Swicord, the president of Allen and Webb. “We do a lot of business out there. We have 38 employees. We do a lot of repair business,” Swicord said. “We’re probably not going to lay...
The growing demands of decarbonisation over the next 15 years requires to meet by an investment of over $1 trillion, which will be entailed in vital energy transition metals - aluminium with other metals like copper, nickel and lithium stands in there. The UK headquartered Global Energy Research and Consultancy, Wood Mackenzie, in a new report, said the figure is double what was invested over the last 15 years. Wood Mackenzie pointed: “While the coronavirus pandemic has slowed climate change mitigation efforts this year, governments across the world are using stimulus packages to either kick-start or accelerate their decarbonisation journeys.” Julian Kettle, Wood Mackenzie’s Vice Chairman of Metals and Mining, said: “One can argue about both the pace and scale of the energy transition but...
According to the Shanghai Metals Market, primary aluminium inventories in China have shrunk by 24,000 tonnes this week, ending on Thursday, October 22. Data shows the inventories have declined across eight major consumption areas, including SHFE warrants, to stand at 695,000 tonnes versus 719,000 tonnes last week, October 15. The chart below shows the current status of primary aluminium inventories across China in more details: In Wuxi, primary aluminium inventories have decreased by 13,000 tonnes to stand at 208,000 tonnes, followed by the fall of 7,000 tonnes in Shanghai to 111,000 tonnes. In Nanhai, the inventories have inched down by 3,000 tonnes to come in at 197,000 tonnes, while that in Hangzhou and Tianjin have dipped by 1,000 tonnes to stand at 72,000 tonnes and 45,000 tonnes,...
Vedanta has increased its aluminium products price after declining it for the second time in a row. With effect from Thursday, 22 October 2020, the prices of some aluminium ingots are in the range of INR 153,750-166,750 per tonne, marking a growth of INR 1,500 per tonne from INR 152,250-165,250 per tonne on October 21. Vedanta is now selling its billet at INR 161,750 per tonne on October 22, an increase of INR 1,500 per tonne from INR 160,250 per tonne on October 21. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The contract on LME has risen by nearly 3% 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...
Three-month LME aluminium settled 0.46% firmer at US$1,848 per tonne on Wednesday. The contract is expected to trade between US$1,830-1,870 per tonne today. As of Wednesday October 21, LME aluminium cash (bid) price stands at US$ 1842.50 per tonne, LME official settlement price stands at US$ 1842.50 per tonne; 3-months bid price stands at US$ 1854.50 per tonne, 3-months offer price is US$ 1854.50 per tonne; Dec 21 bid price stands at US$ 1913 per tonne, and Dec 21 offer price stands at US$ 1913 per tonne. The LME aluminium opening stock stood at 1485125 tonnes. Live Warrants totalled 1266050 tonnes, and Cancelled Warrants were 219075 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1850.31 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE...
