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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Benchmark aluminium price on the London Metal Exchange rose by nearly 1 per cent to US$ 1755 per tonne on Tuesday, October 6, from US$ 1741.50 per tonne on Monday. As of Tuesday, both LME aluminium cash (bid) price and LME official settlement price continued to increase for the second day in a row, albeit slower than the previous day, to stand at US$ 1755 per tonne. 3-months bid price and 3-months offer price stood at US$ 1783 per tonne, up by US$ 10 per tonne from US$ 1773 per tonne. Dec 21 bid price and Dec 21 offer price hovered at US$ 1849.50 per tonne. The LME aluminium opening stock extended decline from 1438925 tonnes to 1432650 tonnes. Live Warrants stood at 1126600 tonnes, while Cancelled Warrants at 306050 tonnes. LME aluminium 3-months Asian Reference Price came in at US$...
Hydro’s seven aluminium metal plants have been certified against Aluminium Stewardship Initiative (ASI) Chain of Custody. The sites include Husnes, Norway; Rackwitz, Germany; Deeside, UK; Lucé, France; Azuqueca, Spain; and Henderson, Kentucky, and Commerce, Texas, in the U.S. The Primary Metal Umbrella Certificate already certified Sunndal, Årdal, Høyanger, and Karmøy aluminium plants in Norway and Clervaux in Luxembourg to the ASI Performance Standard and ASI Chain of Custody Standard. “In total, several dozen Hydro sites – from our bauxite mine and alumina refinery in Brazil to aluminium extrusion and rolled products plants in many countries – are ASI-certified, and more site processes are ongoing,” Hydro said. The Aluminium Stewardship Initiative (ASI) is a global, multi-stakeholder,...
The “Global Aluminium Expo 2020”— the virtual event being organised by AlCircle for the aluminium industry, has gone live today at 8:00 AM GMT, bringing together all players of the aluminium value chain under one roof. The Global Aluminium Expo 2020 with more than 900 attendees registered as of now will run till October 7, 2020. As the COVID-19 pandemic is stabilising in some parts of the world, the demand for virtual event continues to rise as physical conferences are still unable to be staged. Keeping that in mind, AlCircle for the first time launched an online “Global Aluminium Expo 2020” to help you reach out to your clients and industry associates to build a stronger network and sustainable business. If you have not registered so far for Global Aluminium Expo 2020 , hurry up and...
Vedanta has raised its aluminium ingot price after declining the price of the same product on October 2. With effect from Tuesday, 06 October 2020, the prices of some aluminium ingots are in the range of INR 145,500-158,500 per tonne, registering a growth of INR 2,000 per tonne from INR 143,500-156,500 per tonne on October 2 2020. With the latest hike, Vedanta’ billet now stands at INR 153,500 per tonne on October 6, up INR 2,000 per tonne from INR 151,500 per tonne on October 2. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The three-month futures of aluminium are down so far due to slower global demand following the coronavirus outbreak. Vedanta’s aluminium business typically accounts for one-third...
Benchmark aluminium price on London Metal Exchange rose 2.14 per cent to US$ 1741.5 per tonne on Monday, October 5, from US$ 1705 per tonne on Friday. As of Friday October 5, LME aluminium cash (bid) price stands at US$ 1741.50 per tonne, LME official settlement price stands at US$ 1741.50 per tonne; 3-months bid price stands at US$ 1773 per tonne, 3-months offer price is US$ 1773 per tonne; Dec 21 bid price stands at US$ 1845 per tonne, and Dec 21 offer price stands at US$ 1845 per tonne. The LME aluminium opening stock stood at 1438925 tonnes. Live Warrants totalled 1195825 tonnes, and Cancelled Warrants were 243100 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1760.70 per tonne. SHFE Aluminium Price Trend China market and the Shanghai Futures Exchange (SHFE)...
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China, has received two prestigious awards – Leading Corporate for Investor Relations in Bahrain and Best Investor Relations Professional in Bahrain – at the 2020 Middle East Investor Relations Association (MEIRA) Annual Conference and Awards Ceremony. The ceremony was held virtually on September 22 & 23, 2020. The MEIRA Annual Conference and Awards is one of the largest Investor Relations (IR) events, which recognises the efforts of regionally listed companies and IR professionals for their critical role in shaping the IR landscape. It also recognises locally listed firms, international corporates, investors, research analysts, advisors, and Regulatory bodies to share best practices and discuss market challenges....
Just one more day to go, Alcircle team is ready to welcome you for the first-ever online “Global Aluminium Expo 2020”, a platform where you can share success stories, explore new business opportunities, and meet and greet some old and some new customers. As travel is restraint and so meeting people physically, while thinking of it, we came out with this extraordinary initiative to bring all the aluminium value chain associates under one umbrella for networking and business development; be rest assured, the event will be a source centre to gather the rich and right information on the current market condition of the aluminium industry to help you make the right business decision at the time of unprecedented crisis. GAE 2020 will deliver opportunities to meet the industry leaders’ virtually...
Vedanta Limited announced that it saw a downfall of 23.5 per cent in its quarterly profit ended on June 30, attributing to lower production and demand amid the world’s strictest lockdown due to the COVID-19 pandemic. Billionaire Anil Agarwal’s group’s net income slumped to INR 1,033 crore ($141 million) in the June quarter from INR 1,351 crore during the same period last year, said Vedanta in a statement late Saturday. Sales also plummeted by 25.9 per cent to INR 15,687 crore. Vedanta’s net debt at the end of June was INR 24,787 crore. Vedanta’s main businesses include zinc, aluminium, and oil and gas, all of which have been hit by narrow demand due to the COVID-19 crisis. At present, Agarwal’s London-based Vedanta Resources Limited is in the process of taking Mumbai-listed Vedanta...
SIMEC Energy, a subsidiary of GFG Alliance, has signed an agreement with IGNIS, a developer of large renewable energy projects in Spain, to develop one of Spain’s largest renewable energy programmes for energy intensive industries. The partnership will work towards the development of renewable energy programmes, with around 1.2GW generated from wind and solar energy to be operational by 2023. SIMEC, which has around 600MW of existing capacity, is developing a further 2GW of renewable energy plants, including a 280MW capacity solar farm in South Australia, a 160MW onshore wind farm in Scotland and a cutting edge end-of-life waste to energy facility in Wales. IGNIS currently maintains a 725MW solar farm in Aragón, operates and delivers energy management services to 2.7GWs of power...
Benchmark aluminium price on the London Metal Exchange stood lower by 0.64 per cent at US$ 1705 per tonne on Friday, October 2, from US$ 1716 per tonne on Thursday. As of Friday, both LME aluminium cash (bid) price and LME official settlement price declined for the third consecutive day from US$ 1716 per tonne to US$ 1705 per tonne. 3-months bid price and 3-months offer price stood at US$ 1740 per tonne, down by US$ 14 per tonne from US$ 1754 per tonne. Dec 21 bid price and Dec 21 offer price hovered at US$ 1813 per tonne. The LME aluminium opening stock declined from 1450950 tonnes to 1444275 tonnes. Live Warrants stood at 1195825 tonnes, while Cancelled Warrants at 248450 tonnes. LME aluminium 3-months Asian Reference Price came in at US$ 1731.11 per tonne, as of Friday, October 2. SHFE...
The 1200-MW capacity Captive Power Plant of Nalco in Angul has failed several times for the last few days, causing a blackout situation and the supply of electricity is highly interrupted, as all the eight units malfunctioned. The Navratna CPSE Company under Ministry of Mines, Government of India, has reported that its production of aluminium has been affected. At least 80 pots of the Nalco's smelter plant here have gone down as power supplies from its captive power plant (CPP) and the State grid have been disrupted owing to technical failures. Nalco has a total of 960 pots. Electricity failure during the last few days has raised many question marks on the Nalco's power backup system. The potlines consist of 4 lines with 240 pots in each. It is calculated that approximately 11 tonnes of...
Three-month LME aluminium settled 1.28 per cent firmer at US$ 1784.50 per tonne on Monday, but ended 0.34% lower at US$1,778.5 per tonne on the very next day. LME aluminium cash (bid) price and LME official settlement price started the week on Monday, September 28, at US$ 1737 per tonne, increasing by US$ 28.50 per tonne from the previous day. Extending the hike on Tuesday, September 29, both the prices came in at US$ 1746 per tonne. On Wednesday, September 30, the prices declined to US$ 1737 per tonne, and further to US$ 1716 per tonne on Thursday, October 1. On Friday, October 2, both LME aluminium cash (bid) price and LME official settlement price continued to fall to stand at US$ 1705 per tonne. This shows the LME aluminium prices recorded downtrend over the week by US$ 32 per tonne....
SMM aluminium ingot price started the week with an increase of RMB 270 per tonne and RMB 180 per tonne on Monday and Tuesday. The price stood at RMB 14550 per tonne and RMB 14730 per tonne on September 28 and September 29. Ingot price ended RMB 50 per tonne lower at RMB 14680 per tonne after Wednesday’s closing. China market is closed for the National Day and Mid-Autumn Festival holidays from October 1 to October 8, 2020. According to the Shanghai Metals Market, primary aluminium inventories in China declined by 61,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants, to stand at 655,000 tonnes, as of Wednesday, September 30. This sharp fall could be attributed to the increase in purchases by the downstream sector before the week-long Chinese National...
Vedanta has reduced its aluminium ingot price today after hiking the price of the same products by INR 1,500 per tonne on September 29. With effect from Friday, 02 October 2020, the prices of some aluminium ingots are in the range of INR 143,500-156,500 per tonne, marking a decline of INR 2,250 per tonne from INR 145,750-158,750 per tonne on 29 September 2020. With the latest decline, Vedanta’ billet now stands at INR 151,500 per tonne on October 2, down INR 2,250 per tonne from INR 153,750 per tonne on September 29. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The three-month futures of aluminium are down so far due to slower global demand following the coronavirus outbreak. Vedanta Limited cuts its...
Benchmark aluminium price on London Metal Exchange dropped 1.21 per cent to US$ 1716 per tonne on Thursday, October 1, from US$ 1737 per tonne on Wednesday. As of Thursday October 1, LME aluminium cash (bid) price stands at US$ 1716 per tonne, LME official settlement price stands at US$ 1716 per tonne; 3-months bid price stands at US$ 1754 per tonne, 3-months offer price is US$ 1754 per tonne; Dec 21 bid price stands at US$ 1826 per tonne, and Dec 21 offer price stands at US$ 1826 per tonne. The LME aluminium opening stock stood at 1450950 tonnes. Live Warrants totalled 1196825 tonnes, and Cancelled Warrants were 254125 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1762.52 per tonne. SHFE Aluminium Price Trend China market and the Shanghai Futures Exchange (SHFE)...
China’s Ministry of Ecology and Environment (MEE) has alleged the state-run Aluminium Corp of China (Chinalco) for repeatedly violating environmental regulations at a plant in Guangxi. A week earlier, a central government environmental inspection team found that affiliates of the Chinalco subsidiary Guangxi Nonferrous Rare Earth Development Co Ltd seriously violated environmental norms, resulting in polluting the surrounding area. The inspection team discovered the subsidiary was running outdated and illegal facilities for producing above and beyond the amount of nonferrous ore allowed by law. “The inspection found […] obvious problems of legal violations, chaotic environmental management and relatively large environmental risks at the Guangxi rare earth company,” the ministry said in a...
National Aluminium Company Limited (NALCO) has raised its aluminium products price after declining it for the second time in a row. With effect from Wednesday, 30 September 2020, NALCO's aluminium ingots price stood at INR 149,050 – 152,550 per tonne, marking a growth of INR 3,800 from INR 145,250-148,750 per tonne on September 25. The company is selling its aluminium billets at INR 152,500- 155,150 per tonne on September 30, up from INR 148,700- 151,350 per tonne on September 25. NALCO aluminium wire rods price came in at INR 152,550-156,350 per tonne as of September 30. Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The three-month futures of aluminium are down so far in 2020 due to slower global demand...
The Indian Aluminium giant Vedanta Aluminium Ltd’s proposal to expand its aluminium smelter plant in Odisha’s Jharsuguda district saw multiple twists and turns on 29 th -30 th September’20. Notwithstanding, the final decision has been deferred until 5 th October, while Vedanta being permitted to participate in the hearing. Initially, the Odisha High Court first issued a stay order on a notification issued by the Odisha State Pollution Control Board (OSPCB) for the public hearing in Jharsuguda on 29 th September. On 30 th September, the High Court permitted the public hearing to take place by relaxing the stay, which was done via video conferencing. In its hearing via video conferencing, the court stated that no one appeared for the state government as well as the OSPCB, probably due to...
