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...
Grow with
AL Circle
North America’s primary aluminium production stood at 317,000 tonnes in September 2020, marking a growth of 2.26 per cent year-on-year. On a month on month basis, the output declined by 4.23 per cent from August production of 331,000 tonnes. In the first nine months of 2020, the production stood 4.13 per cent higher than the same period last year. The output totalled 2.976 million tonnes, from 2.858 million tonnes in the first nine months of 2019, according to the latest data showed by the International Aluminium Institute (IAI). In 2019, the output stood at 3.809 million tonnes, an increase of 0.93 per cent from 3.774 million tonnes in 2018. In South America , primary aluminium production declined by 11.7 per cent year-on-year and 1.19 per cent month-on-month to 83,000 tonnes in...
Emirates Global Aluminium has announced today, on October 21, that it could save almost AED 60 million since the beginning of this year, thanks to its employee-led continuous improvement programmes. Since January, EGA employees have submitted 18,400 ideas through the company’s suggestion scheme to solve operational, safety, and environmental challenges, resulting in cost savings of over AED 28 million so far. EGA’s ‘Tamayaz’ programme, led by experts for detail analysis of the company’s operational processes and guide teams to implement improvements, has saved over AED 32 million. The most important idea in 2020 is using a laser detection system to prevent the entry of foreign objects into a critical piece of machinery. This has helped in preventing breakdowns which require time to fix....
In September 2020, primary aluminium production in Africa stood at 131,000 tonnes, found the International Aluminium Institute’s latest data. In the month earlier (August), Africa’s primary aluminium output was 135,000 tonnes, meaning the country’s production in September declined by 4,000 tonnes or 2.96 per cent month-on-month. On a year-on-year, the production decreased by 3,000 tonnes or 2.2 per cent from 134,000 tonnes. Africa’s primary aluminium production in August 2020 had risen month-on-month by 2,000 tonnes or 1.50 per cent from 133,000 tonnes in July. But on a yearly basis, the production stood down by 4,000 tonnes or 2.88 per cent from 139,000 tonnes. Africa’s primary aluminium production in the third quarter of the year amounted to 399,000 tonnes, down by 0.75 per cent from...
Hydro has signed an agreement with Lyse for the establishment of new hydropower company. The new company called Lyse Kraft DA will have a normal annual power production capacity of 9.5 TWh, of which Hydro will own 25.6% and Lyse 74.4%. “This is a great day for the future of Norwegian renewable-based industry. The agreement is strategically important for Hydro, as it secures the value of our RSK hydropower assets and contributes to predictability for further industrial development in Norway,” says Hydro President & CEO Hilde Merete Aasheim. The new company includes Hydro’s hydropower assets Røldal-Suldal Kraft (RSK) and the majority of Lyse’s power production portfolio. The transaction is in line with Hydro’s strategy to strengthen its position in low-carbon aluminium and grow in the...
The latest data released by the International Aluminium Institute for September 2020 shows the world primary aluminium production stood at 5.42 million tonnes, down by 1.81 per cent from 5.52 million tonnes in August 2020. However, on a year-on-year basis, the output grew by 4.03 per cent from 5.21 million tonnes. Total primary aluminium production from January to September 2020 came in at 48.61 million tonnes versus 47.61 million tonnes during the same period last year. This means the world primary aluminium production during the first nine months of 2020 stood higher by 1 million tonnes or 2.1 per cent year-on-year. In China, primary aluminium production in September 2020 stood at 3.15 million tonnes, lower by 1 per cent than 3.18 million tonnes in August 2020 but 8.25 per cent higher...
Vedanta has reduced its aluminium products price for the second time in a row. With effect from Wednesday, 21 October 2020, the prices of some aluminium ingots are in the range of INR 152,250-165,250 per tonne, a decline of INR 2,000 per tonne or 1.3% from INR 154,250-167,250 per tonne on October 20. Vedanta is now selling its billet at INR 160,250 per tonne on October 21. That is down INR 2,000 per tonne from INR 162,250 per tonne on October 20. 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 Aluminium Co Ltd and...
A00 aluminium ingot price has edged lower by RMB 70 per tonne to stand at RMB 14890 per tonne on Wednesday, 21 October 2020, from its previous price of RMB 14960 per tonne on October 20. This marks the second consecutive drop in aluminium price. The price is expected to range at RMB 14870-14910 per tonne. In Foshan and Wuxi, the price has decreased by RMB 10 per tonne and RMB 30 per tonne to stand at RMB 14880 per tonne and RMB 14910 per tonne. Their average prices are expected to range within RMB 14860-14900 per tonne and RMB 14890-14930 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 14930 per tonne and RMB 14815 per tonne, down RMB 15 per tonne and RMB 115 per tonne. Aluminium ingot prices in Shenyang, Tianjin, and Gongyi have dropped to stand at RMB 14855 per tonne,...
Three-month LME aluminium weakened 0.33 per cent to end at US$ 1,839.5 per tonne on Tuesday, October 20, and is likely to fluctuate between US$ 1,820-1,860 per tonne today. LME aluminium cash (bid) price and LME official settlement price decreased for the second consecutive day from US$ 1848 per tonne to US$ 1826 per tonne, as of Tuesday, October 20. 3-months bid price and 3-months offer price stood at US$ 1844 per tonne, down by US$ 15 per tonne from US$ 1859 per tonne on October 19. Dec 21 bid price and Dec 21 offer price declined from US$ 1911 per tonne to US$ 1902.50 per tonne. The LME aluminium opening stock increased from 1406550 tonnes to 1421500 tonnes. Live Warrants stood at 1199300 tonnes, while Cancelled Warrants at 222200 tonnes. LME aluminium 3-months Asian Reference Price...
Yunnan Yongshun Aluminium Co., Ltd. has joined Aluminium Stewardship Initiative (ASI) as a new Production & Transformation member. This brings the total number of ASI Members to 137. Yunnan Yongshun Aluminium Co., Ltd. is a company jointly funded by Yongxin Aluminium Co., Ltd. of Yunnan Aluminium Group and Xiamen Xiashun Aluminium Foil Co., Ltd. The designed production capacity of the 1st phase project is 150 thousand tons of mid-to-high end aluminium alloy flat ingot annually. Yongshun Co., Ltd. was established on Feb. 8th, 2018. The company started producing on Dec. 31st 2019 and the 1st batch of aluminium ingots were produced on Jan 1st, 2020. “Yunnan Yongshun Aluminium Co., Ltd. focuses on producing high-end aluminium flat alloy ingots by directly making use of electrolysis liquid, We...
On 19 th October’20, Sanjeev Gupta, Executive Chairman and CEO of GFG Alliance in the London Metals Exchange (LME) Seminar, said: “GFG Alliance plans to boost its aluminium production capacity to at least 1 million tonnes/year within the next two years via acquisitions” “This would be up from the group's current capacity of almost 600,000 tonnes/year of aluminium production”, Gupta told delegates at the virtual event. He said: "We're targeting more acquisitions. Aluminium will play a vital role in the transition to a sustainable world, by reducing the weight in electric cars, for example, we see growing demand ahead." The GFG Alliance Chief did not comment on whether further expansions might occur but revealed they would be in Europe. GFG's current aluminium production capacity is focused...
Hindalco Industries Limited has reduced its aluminium ingot and aluminium product prices by INR 1,250 per tonne with effect from Tuesday, October 20, following a sharp hike of INR 3,500 per tonne on Saturday, October 17. With the latest cut, Hindalco’s aluminium ingot price has come in at INR 156,250 per tonne from INR 157,500 per tonne on October 17. Hindalco’s aluminium wire rod price is now standing at INR 167,350 per tonne, also lower by INR 1,250 per tonne than INR 167,350 per tonne on the previous day. The company’s aluminium billet price is being cut from INR 164,600 per tonne to INR 163,350 per tonne. Hindalco generally links its aluminium product prices to the three-month futures of aluminium on the London Metal Exchange, which on October 19 declined from US$ 1865.50 per tonne to...
South32 Ltd reported a 1% quarter-on-quarter rise in aluminium production in the September quarter. Aluminium production stood at 248,000 tonnes in 1Q21, from 245,000 tonnes in 4Q20. The output remained unchanged year-on-year. Hillside Aluminium saleable production increased by 1% quarter-on-quarter to 180,000 in the September 2020 quarter as the smelter continued to test its maximum technical capacity, despite the impact from load-shedding. The output was down 1% year-on-year. The production guidance remains unchanged at 720,000 tonnes for FY21. Mozal Aluminium saleable production increased by 1% quarter-on-quarter to 68,000 tonnes in the September 2020 quarter as the smelter continued to test its maximum technical capacity, despite the impact from load-shedding. The output was also up...
Bharat Aluminium Company (BALCO) has been recently recognised as one the Best Brands in 2020 by The Economic Times. BALCO is seen as a national leader in aluminium production and well-acknowledged for its consumer trust and quality. So, this prestigious recognition is to celebrate BALCO’s unparalleled value as a brand, its innovativeness, and the ability to deliver the best quality products and services to consumers and channel partners. The conferring of this recognition also represents the strong positioning of BALCO’s reputation in the ever-challenging business environment. BALCO is owned 49 per cent by the Government of India and 51 per cent by Vedanta Limited. BALCO with its world-class smelter and power plants fulfils its mission of spurring emerging applications of Aluminium as the...
Hopes gradually appear to grow for the Tiwai Point aluminium smelter to remain open for another three to five years. However, the major stakeholder Rio Tinto declared in July’20 that it would shut down the Tiwai Aluminium smelter by August 2021 provided its high energy costs and a challenging outlook for the aluminium industry. The Southland leaders and present ruling Government have to fit in the shoes to try and keep Tiwai aluminium smelter open for a longer period, otherwise, 1000 jobs would be lost, another 1600 indirect jobs would be at risk and the economy would take a massive blow. A spokesman for finance minister Grant Robertson said: “This week a priority of the new Government was to reach an agreement with Rio Tinto that would result in the plant staying open for three to five...
Three-month LME aluminium slid 0.97% to settle at US$1,845.5 per tonne on Monday. The contract is expected to trade between US$1,830-1,870 per tonne today. As of Monday October 19, LME aluminium cash (bid) price stands at US$ 1848 per tonne, LME official settlement price stands at US$ 1848 per tonne; 3-months bid price stands at US$ 1859 per tonne, 3-months offer price is US$ 1859 per tonne; Dec 21 bid price stands at US$ 1911 per tonne, and Dec 21 offer price stands at US$ 1911 per tonne. The LME aluminium opening stock stood at 1406550 tonnes. Live Warrants totalled 1174175 tonnes, and Cancelled Warrants were 232375 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1863.59per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE decreased to stand at...
Vedanta Limited has again reduced its aluminium ingot and aluminium product prices with effect from Tuesday, October 20, following a hike of INR 3,500 per tonne on October 17. With the latest cut, the price of Vedanta’s aluminium ingot has come in at INR 154,250-167,250 per tonne, down by INR 1,250 per tonne or nearly 1 per cent from INR 155,500-168,500 per tonne. Vedanta’s aluminium billet price is now at INR 162,250 per tonne after being reduced by INR 1,250 per tonne from INR 163,500 per tonne. The price of the company’s aluminium wire rod is also down by the same amount to INR 161,750-169,250 per tonne versus INR 163,000-170,500 per tonne on October 17. Like any other Indian aluminium producers, Vedanta generally links its aluminium product prices to the three-month futures of...
Albras, the largest producer of primary aluminium in Brazil, has joined Aluminium Stewardship Initiative as a new Production & Transformation member. This brings the total number of ASI Members working toward a responsible aluminium value chain to 136. Albras produces liquid metal, P1020 aluminium alloy ingots, PFA (Primary Foundry Alloy or Primary Aluminium Alloy), P0610, P1015 and Bus bars. Hydro is the company’s main shareholder, with 51% of the shares in this joint venture. The other shareholder is NAAC – Nippon Amazon Aluminum Co. Ltd., formed by a consortium of Japanese companies, trading companies, consumers and manufacturers of aluminium products. “ASI (Aluminum Stewardship Initiative) certification is a big step towards strengthening Albras’ position in the world market. Albras’...
China’s aluminium production increased 7.9% from a year earlier as prices recovered and new smelters came online. The daily output also reached a record high of 105,333 tonnes last month. Aluminium production came in at 3.16 million tonnes in September, according to the National Bureau of Statistics. The output was down month-on-month. China had produced 3.171 million tonnes of aluminium in August. In January-September, aluminium production in China amounted to 27.45 million tonnes, an increase of 2.8% from a year earlier. 375,000 tonnes of new annual capacity came on stream in September and a further 160,000 tonnes of capacity restarted, according to research house Antaike. “(September production rose) due to the ramp up of new capacities in Yunnan and Sichuan,” said CRU analyst Wan...
