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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SMM aluminium ingot price recorded an increase after two days of drop. The price climbed by RMB 110 per tonne to stand at RMB 15060 per tonne on Monday, 19 October 2020, from Friday price of RMB 14950 per tonne. The price is expected to range at RMB 15040-15080 per tonne. In Foshan and Wuxi, the price rose by RMB 140 per tonne and RMB 110 per tonne to stand at RMB 14960 per tonne and RMB 15060 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 15050 per tonne and RMB 15045 per tonne, up RMB 110 per tonne and RMB 115 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi increased to stand at RMB 15035 per tonne, RMB 15040 per tonne, RMB 15040 per tonne, and RMB 14940 per tonne. The aluminium alloy (ADC12) price stood at RMB 15300 per tonne on Monday,19...
Hindalco Industries Limited has increased its aluminium ingot and aluminium product prices with effect from Saturday, October 17, following a cut on October 16. The price of Hindalco’s aluminium ingot has been raised by INR 3,500 per tonne on October 17 after being reduced by INR 1,500 per tonne on October 16. Hence, the price is now standing at INR 157,500 per tonne versus INR 154,000 per tonne on October 16. Hindalco’s aluminium wire rod price has come in at INR 168,600 per tonne with effect from October 17, also up by INR 3,500 per tonne from INR 165,100 per tonne on October 16. The price of aluminium billets is at INR 164,600 per tonne compared with INR 161,100 per tonne on Friday. Like any other Indian aluminium producers, Hindalco links the prices of its products to the three-month...
The largest aluminium producer in Egypt and one of the largest in Africa, Egyptalum, has assigned the US-based company Bechtel an engineering consultant contract for the former's seventh production line project. The main purpose of the project is to increase Egyptalum's production of aluminium, with Bechtel being highly qualified in managing aluminium smelters projects. An official of Egyptalum said: “Based on the selection, the company will start implementing the project before the end of 2020. In a two-stage process, Egyptalum aims to increase its production of primary aluminium by 250,000 tonnes per year using modern technology.” Egyptalum said that a session in which the technical bids were opened was held according to the date set for the public tender that had previously been...
Three-month LME aluminium stood at US$ 1,872.5 per tonne on Friday, October 16, the highest since April 2020, before paring some gains to end 0.49 per cent higher at US$ 1,863.5 per tonne. It is expected to move between US$ 1,840-1,880 per tonne today. Both LME aluminium cash (bid) price and LME official settlement price jumped from US$ 1824 per tonne to US$ 1865.50 per tonne, as of Friday, October 16, after two consecutive downfalls on the previous two days. 3-months bid price and 3-months offer price stood at US$ 1863.50 per tonne, up by US$ 24 per tonne from US$ 1839.50 per tonne on October 15. Dec 21 bid price and Dec 21 offer price increased from US$ 1896 per tonne to US$ 1910 per tonne. The LME aluminium opening stock extended decline 1407025 tonnes to 1406575 tonnes. Live Warrants...
China’s Henan Shenhuo Group is expected to start production at the second phase of its 900,000 tonnes per year aluminium project by the first quarter of CY2021, said an official familiar with the matter. The second phase of the project, located in Wenshan prefecture in Yunnan province, will be having a capacity of 450,000 tonnes per annum, said Li Zhongyuan, general manager of listed unit Henan Shenhuo Coal & Power, on the sidelines of an industry conference. "The second phase of the project in Wenshan should be put into production in the first quarter of next year," Li told Reuters at the China International Aluminium Week organised by Antaike in the southwestern city of Chongqing. With the abundant resources of hydropower, Wenshan has emerged as a major centre of China’s aluminium...
METLDEX, the first base metal futures indices from MCX, India’s largest multi-commodity exchange is going live from 19 th October’20 and is ready to reform the way prices are spotted as the indices will be traded on the real-time domestic prices. Presently, domestic metal prices are pivoted to the London Metal Exchange (LME) prices which have been a restraint to real-time price discovery. MCX said: “But with METLDEX, this is going to end. These indices will be the first tradable real-time base metals indices in the country.” METLDEX is established on base metal like Aluminium and also on other four metals like zinc, copper, nickel and lead which are traded on the MCX. On 16 th October’20, Chittaranjan Rege, Head of base metals at MCX said: "With the launch of the iComdex base metals...
Vedanta has raised its aluminium products price today after reducing it yesterday. With effect from October, 17 October 2020, the prices of some aluminium ingots are in the range of INR 155,500-168,500 per tonne. The price recorded a hike of INR 3,500 per tonne or 2.3% from INR 152,000-165,000 per tonne on October 16 2020. Vedanta is now selling its billet at INR 163,500 per tonne on October 14. That is up INR 3,500 per tonne from INR 160,000 per tonne on October 16. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price on LME has risen by more than 1% so far in 2020. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a stake in...
Three-month LME aluminium rose 0.49 per cent on Monday, October 12, to end at US$ 1,856 per tonne. On October 13, it ended 0.16% lower at US$1,853 per tonne an shed further on October 14 to come in at US$ 1,847.5 per tonne. On October 15, however, the price strengthened 0.51% to end at US$1,854.5 per tonne. LME aluminium cash (bid) price and LME official settlement price recorded an uptrend this week during October 12-16 by US$ 36 per tonne amidst declining LME aluminium opening stock from 1422475 tonnes 1406575 tonnes. The prices started the week on Monday, October 12, at US$ 1829.50 per tonne and then grew to INR 1841 per tonne on Tuesday, October 13. However, on October 14, both LME aluminium cash (bid) price and LME official settlement price slipped by US$ 5 per tonne to stand at US$...
SMM aluminium ingot price started the week with an increase of RMB 90 per tonne and RMB 30 per tonne on Monday and Tuesday, ending the price at RMB 14940 per tonne and RMB 14970 per tonne on October 12 and October 13. The price registered a drop on Thursday and Friday. Aluminium ingot price ended RMB 10 per tonne lower at RMB 14950 per tonne on Friday, from Thursday’s closing of RMB 14960 per tonne. As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased slightly this week. Inventories stood 719,000 tonnes as of Thursday, October 15 2020, an increase of 4,000 tonnes from a week ago. The alumina price in China continued to remain flat over the week. The price on Wednesday, October 14,...
Vedanta Limited has cut its aluminium ingot and aluminium product prices with effect from October 16 after five consecutive hikes since October 6. The price of aluminium ingot has been reduced by INR 1,500 per tonne or 1 per cent from INR 153,500-166,500 per tonne to INR 152,000 -165,000 per tonne. Vedanta’s aluminium billet price is now at INR 160,000 per tonne, also down by INR 1,500 from INR 161,500 per tonne. With the latest cut, the price of Vedanta’s aluminium wire rod has come in at INR 159,500-167,000 per tonne versus INR 161,000-168,500 per tonne on October 14. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on the London Metal Exchange, which dipped on October 15 from US$ 1836 per tonne to US$ 1824 per tonne but again...
Rio Tinto has collaborated with Geocycle Canada and Lafarge Canada for circular economy initiative. The trio will work together to reuse waste from the aluminium smelting process to make cement. Rio Tinto, Geocycle Canada and Lafarge Canada will reduce the need to extract other raw materials and create value from waste. Rio Tinto Aluminium Manager, Valorization and Marketing, Stéphane Poirier said: "This partnership shows how Rio Tinto is innovating to find new ways to reuse waste, generating value from our operations and reducing their environmental footprint. We have worked closely with Lafarge Canada and Geocycle Canada over the past two years to develop a product that meets their needs and look forward to building on this partnership." Lafarge Canada’s subsidiary Geocycle Canada and...
China will add another 3 million tonnes of annual aluminium production capacity in 2021 – more than half the capacity in the emerging smelting hub of Yunnan province, said Antaike on Wednesday, October 14. The abundant availability of hydropower in Yunnan already bought some major aluminium producers like China Hongqiao Group to the province after the Government announced the companies would need to operate in clean-energy-rich areas to keep developing. Analyst Wang Hongfei said at the China International Aluminum Week conference in Chongqing that Antaike sees 1.88 million tonnes of capacity coming on stream in Yunnan next year, following 1.63 million tonnes of capacity in 2020. Antaike also expects 370,000 tonnes of capacity to come online in Guangxi, 550,000 tonnes in Inner Mongolia,...
Rio Tinto announced production results for the third quarter of 2020. Aluminium production stood at 0.8 million tonnes in Q3, 1% higher than the third quarter of 2019 on stable operations across its smelter portfolio. The output was up by 2% quarter-on-quarter. “Our aluminium business continues to demonstrate operational stability and performance across the supply chain, despite the continued impact of COVID-19. The Becancour smelter in Quebec, Canada is operating close to full capacity and good progress has been made on the pot relining at the Kitimat smelter in British Columbia, Canada,” Rio Tinto said. In the nine months period, aluminium production stood at 2.365 million tonnes, down 1% year-on-year. The company increased the proportion of primary metal being produced as VAP to 45% of...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased slightly this week. Inventories stood 719,000 tonnes as of Thursday, October 15 2020, an increase of 4,000 tonnes from a week ago. The chart below shows the current status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Wuxi and Nanhai increased by 7,000 tonnes and 5,000 tonnes from a week ago to 221,000 tonnes and 200,000 tonnes as of Thursday, 15 October 2020. Stocks in Hangzhou stood at 73,000 tonnes, up 1,000 tonnes. Inventories of aluminium in Shanghai and Gongyi stood at 118,000 tonnes and 53,000 tonnes. That was down 4,000 tonnes and 5,000 tonnes from last Thursday. Primary aluminium...
Three-month LME aluminium strengthened 0.51% to end at US$1,854.5 per tonne on Thursday. The contract is expected to fluctuate between US$1,830-1,870 per tonne today. As of Thursday October 15, LME aluminium cash (bid) price stands at US$ 1824 per tonne, LME official settlement price stands at US$ 1824 per tonne; 3-months bid price stands at US$ 1839.50 per tonne, 3-months offer price is US$ 1839.50 per tonne; Dec 21 bid price stands at US$ 1896 per tonne, and Dec 21 offer price stands at US$ 1896 per tonne. The LME aluminium opening stock stood at 1407025 tonnes. Live Warrants totalled 1126300 tonnes, and Cancelled Warrants were 280725 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1845.07per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE...
A00 aluminium ingot price has extended its drop, albeit lower than October 15, by RMB 10 per tonne to stand at RMB 14,950 per tonne, as of Friday, October 16, found the Shanghai Metals Market. The average prices are expected to range between RMB 14,930 per tonne and RMB 14,970 per tonne, with spot contract to be traded at a premium price of RMB 250-290 per tonne, up by RMB 230 per tonne from the previous day. Yesterday, on October 15, primary aluminium ingot price decreased by RMB 20 per tonne from RMB 14,980 per tonne to RMB 14,960 per tonne, according to SMM. However, the decline in price today has not touched upon all the major markets in China except Shenyang, Chongqing, and Foshan, where A00 aluminium ingot price has shrunk by RMB 25 per tonne, RMB 20 per tonne, and RMB 10 per tonne...
Vedanta, the multi-billion dollar mining and metal Group invests big on industry 4.0 and digital technologies to stay relevant in the metal industry. The demand for metals is growing continuously, as the global population rises and aluminium stands as the second most essential metal in the world. The metal industry plans to invest significantly in digital operation solutions over the next five years across the globe. However, this investment is rendering into a progressively advanced level digitalization and integration, and the outcome of it is substantial operational cost savings, safety, and sustainability of the business as well as social inclusiveness. The companies in the metal industry are counting on Industry 4.0, besides from digital technologies. The technology empowers...
Alcoa Corporation reported results for the third quarter 2020 results. The company sets new production records for Alcoa-operated bauxite mines and the Alumina segment. In Alumina, Alcoa’s third-party shipments rose approximately 6 percent sequentially, primarily due to the timing of shipments and higher overall production. In Aluminium, third-party shipment reduced approximately 3 percent due to the curtailment of the Intalco smelter in Q3 2020. Alcoa realized an 11 percent sequential increase in sales volume of value-add products on improved demand from the automotive sector. “Across all of our segments, we are delivering solid results and continuing to improve overall performance,” said Alcoa President and CEO Roy Harvey. “In the third quarter, we captured the gains from better pricing...
