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
National Aluminium Company Limited (NALCO) held its 39th Annual General Meeting on the virtual platform on Wednesday. Sridhar Patra, CMD, NALCO, said, “Year 2019-20 has been a year of mixed results for the company. In spite of an extremely challenging business environment, coupled with slump in prices and onset of COVID 19 pandemic in the last quarter of the year, we have made exemplary contribution in promoting and putting focus on plant, production, productivity and people”. “Sustainability has now become a part of NALCO’s key business processes. The year was a testimony to NALCO being a partner in progress in promoting inclusive growth as an industry leader and spreading happiness amongst people”. Speaking on highlights of the company, Sridhar Patra said the company’s Panchapatmali...
LME aluminium price decreased on Wednesday, September 30, to US$ 1737 per tonne after three consecutive days of hike US$ 1697 per tonne to US$ 1746 per tonne. As of Wednesday, September 30, both LME aluminium cash (bid) price and LME official settlement price again stood at US$ 1737 per tonne decreasing by US$ 9 per tonne from US$ 1746 per tonne on September 29. 3-months bid price and 3-months offer price came in at US$ 1770.50 per tonne, down by US$ 9.5 per tonne from the previous day. Dec 21 bid price and Dec 21 offer price hovered at US$ 1847 per tonne. The LME aluminium opening stock declined from 1466925 tonnes to 1458900 tonnes. Live Warrants stood at 1196850 tonnes, while Cancelled Warrants at 262050 tonnes. LME aluminium 3-months Asian Reference Price came in at US$ 1768.01per...
Primary aluminium inventories in China have 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, according to the Shanghai Metals Market. This sharp fall could be attributed to the increase in purchases by the downstream sector before the week-long Chinese National Holiday starting from October 1, 2020. On last Thursday, September 24, China’s primary aluminium inventories stood at 716,000 tonnes, decreasing by 24,000 tonnes from the previous week. The chart below indicates the current status of primary aluminium inventories across China in more details: In Wuxi, primary aluminium inventories have declined by 30,000 tonnes on September 30 to stand at 206,000 tonnes, while that in...
Alcoa announced that the formal consultation process for San Ciprián aluminum plant in Spain ended without an agreement with the workers’ representatives. The company now have up to 15 days to announce a decision regarding the smelter’s 228,000 tonnes of annual capacity. In August, Alcoa reached an agreement with the workers’ representatives to extend the deadline of the formal consultation period for collective dismissal to September 28, 2020. The agreement includes a process to evaluate a potential sale of the aluminium plant to GFG Alliance. “If a sales agreement is not reached by September 27, 2020, the Company and the workers’ representatives would then meet for one day on September 28, 2020, on the single topic of a social plan that would include government-supported unemployment...
The founder and Chairman of Vedanta Resources Limited, Anil Agarwal is seeking leastwise $5 billion for a fund earmarking companies being sold off by Government of India, as per industry professionals. This is a practised strategy, marking a return that made him wealthy. Mr Agarwal is intending an initial close of $1 billion or more for the proposed India Direct Investment fund, as per our sources; however, the plans are kept very private. He is already exploring for targets and could spend nearly $10 billion on the first few acquisitions. The commodity tycoon is engaged with London-based Centricus Asset Management Ltd. on the fund, which will have a 10-year life span and use a private equity-type strategy. As per the source, he plans to buy companies for over five years and then boost...
A00 aluminium ingot price has recorded a plunge of RMB 50 per tonne to stand at RMB 14,680 per tonne on Wednesday, September 30, following three consecutive hikes from RMB 14,270 per tonne to RMB 14,730 per tonne during September 24-29, found the Shanghai Metals Market. The average prices today are expected to range between RMB 14,660 per tonne and RMB 14,700 per tonne, with spot contract to be traded at a premium price of RMB 240-280 per tonne, down by RMB 30 per tonne from September 29. In Gongyi, A00 aluminium ingot price has declined by RMB 90 per tonne to come in at RMB 14,660 per tonne. In Foshan and Wuxi, the primary aluminium ingot price is also standing at RMB 14,660 per tonne but after declining by RMB 80 per tonne. Hangzhou has also witnessed a fall of RMB 80 per tonne to stand...
Three-month LME aluminium ended 0.34% lower at US$1,778.5 per tonne on Tuesday. Shanghai Metals Market expects the contract to trade between US$1,760-1,790 per tonne today. As of Tuesday September 29, LME aluminium cash (bid) price stands at US$ 1746 per tonne, LME official settlement price stands at US$ 1746 per tonne; 3-months bid price stands at US$ 1780 per tonne, 3-months offer price is US$ 1780 per tonne; Dec 21 bid price stands at US$ 1852.50 per tonne, and Dec 21 offer price stands at US$ 1852.50 per tonne. The LME aluminium opening stock stood at 1466925 tonnes. Live Warrants totalled 1202500 tonnes, and Cancelled Warrants were 264425 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1775.34 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for...
Emirates Global Aluminium has adopted specially-designed virtual learning platforms for its employee learning and talent development during the COVID-19 pandemic. At the onset of the pandemic, EGA moved all its workshops and learning circles online in just five weeks, launching a new virtual learning platform called My Learning . The company is using online courses to train its instructors and facilitators as well. EGA has digitised the entire training framework for its National Training programmes, which include both theoretical and practical training for operational and technical roles. The company’s virtual learning platform My Learning provides access to the company’s entire range of courses and modules, covering core skills related to safety and compliance, management and leadership...
According to the latest report from the US Geological Survey, US domestic primary aluminium production was 82,000 tonnes in July 2020. The average daily production stood at 2,650 tonnes, 11% less than that in June 2020 and July 2019. The month-on-month decline was due to the shutdown of the smelter in Ferndale, WA, by Alcoa Corp. Total aluminium recovered from scrap was 268,000 tonnes in July 2020, 8% more than that in June 2020 and 5% less than that in July 2019. Of this, 146,000 tonnes of aluminium was recovered from new scrap and 122,000 tonnes was recovered from old scrap. In July, the average U.S. spot market price of primary aluminium ingot was $0.85 per pound, 7% more than that in June 2020 and 15% less than that in July 2019. Inventories of primary aluminium in LME-approved...
Vedanta Limited has increased its aluminium ingot and aluminium product prices with effect from Tuesday, September 29, following two consecutive declines on September 18 and 24. Vedanta is now selling its aluminium ingot at INR 145,750-158,750 per tonne, up by INR 1,500 per tonne or 1 per cent from INR 144,250-157,250 per tonne on September 24. With the latest hike, Vedanta’s aluminium wire rod price has come in at INR 153,250-160,750 per tonne, higher by INR 1,500 per tonne or 1 per cent than INR 151,750-159,250 per tonne. The company’s billet price is hovering at INR 153,750 per tonne, also up by INR 1,500 per tonne from INR 152,250 per tonne. Vedanta has increased its aluminium ingot and aluminium product prices in line with the rallied aluminium price on the London Metal Exchange....
Japan Aluminium Association said on Monday aluminium industry would aim to reduce CO2 emissions by 78% by 2050 from 2017 levels. Japan's aluminium industry would meet its target by increasing the use of recycled metal to 75% from the current 48%, according to a Reuters report. The aluminium industry targets to increase local demand by 43% to 6.02 million tonnes a year by 2050 from 4.22 million tonnes in 2019. The industry would expand its use in segments including transportation and construction, it said as part of a new long-term vision. "With the new vision, we intended to make a strong impression of the fine characteristics of aluminium such as high environmental performance and show our strong will to boost our presence," Japan Aluminium Association Chairman Ichiro Okamoto told a news...
National Aluminium Company Limited (NALCO) has extended its aluminium ingot and aluminium product price cut two weeks later with effect from September 25. NALCO’s aluminium ingot price is now standing at INR 145,250-148,750 per tonne, down by INR 2,600 per tonne or 1.8 per cent from INR 147,850 – 151,350 per tonne on September 11, 2020. On September 11, NALCO’s aluminium ingot price was decreased by INR 2,200 per tonne or 1.47 per cent from about a month ago. This means NALCO on last Friday increased the cut of its aluminium ingot price by INR 400 per tonne. Since the latest cut, NALCO’s aluminium billets price is ranging between INR 148,700- 151,350 per tonne, INR 2,600 per tonne or 1.7 per cent lower from INR 151,300- 152,800 per tonne. The company’s aluminium wire rod is now being sold...
SMM aluminium ingot price edged higher by RMB 180 per tonne to stand at RMB 14730 per tonne on Tuesday, 29 September 2020, from Monday’s price of RMB 14550 per tonne. This marks the third consecutive rise in aluminium ingot price.The price is expected to range at RMB 14710-14750 per tonne. In Foshan and Wuxi, the price rose by RMB 150 per tonne and RMB 170 per tonne to stand at RMB 14740 per tonne each on Tuesday, 29 September 2020. Aluminium prices in Hangzhou and Chongqing came in at RMB 14760 per tonne and 14705 per tonne, down RMB 130 per tonne and RMB 175 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi increased to stand at RMB 14710 per tonne, RMB 14690 per tonne, RMB 14760 per tonne, and RMB 14750 per tonne. The aluminium alloy (ADC12) price stood at RMB...
The dollar pulled back from a two-month high against a basket of currencies on Monday, September 28, as equities rallied after four straight weeks of declines ahead of a slew of economic data and political developments in the United States. Three-month LME aluminium settled 1.28 per cent firmer at US$ 1,784.50 per tonne on Monday, and is expected to move between US$ 1,740-1,790 per tonne today. As of Monday, September 28, both LME aluminium cash (bid) price and LME official settlement price increased sharply by US$ 28.50 per tonne to stand at US$ 1737 per tonne. 3-months bid price and 3-months offer price stood at US$ 1772 per tonne, up by US$ 26 per tonne from US$ 1746 per tonne on September 25. Dec 21 bid price and Dec 21 offer price hovered at US$ 1841 per tonne. The LME aluminium...
Aluminium Bahrain (Alba), the world’s largest aluminium smelter ex-China, announced that the company will have a strong finish by meeting its 2020 production target of 1,540,000 metric tonnes despite COVID 19 challenges. Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa said:“As we navigate through this unprecedented time, Alba is reforming itself by capitalising on its Safety culture and human assets, increasing its operational resilience and agility, and re-thinking its cost structure. Despite the challenges, we remain committed to have a strong finish by meeting our 2020 Production Target of 1,540,000 metric tonnes.” The company held its Board of Directors’ Meeting virtually for the third quarter on Sunday 27 September 2020. The Board reviewed the...
Three-month LME aluminium strengthened 0.83% to close at US$1,762 per tonne on Friday. The contract is likely to move between US$1,750-1,780 per tonne today. As of Friday September 25, LME aluminium cash (bid) price stands at US$ 1708.50per tonne, LME official settlement price stands at US$ 1708.50per tonne; 3-months bid price stands at US$ 1746 per tonne, 3-months offer price is US$ 1746 per tonne; Dec 21 bid price stands at US$ 1820.50 per tonne, and Dec 21 offer price stands at US$ 1820.50 per tonne. The LME aluminium opening stock stood at 1477175 tonnes. Live Warrants totalled 1218125 tonnes, and Cancelled Warrants were 259050tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1747.45per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE...
A00 aluminium ingot price has begun the week on Monday, September 28, by recording a sharp rise of RMB 270 per tonne to RMB 14,550 per tonne, found the Shanghai Metals Market. The primary aluminium ingot price has increased today after three consecutive days of hike from RMB 14,790 per tonne to RMB 14,270 per tonne during September 21-24 and a restraint on September 25. The average primary aluminium ingot prices are expected to range between RMB 14,530 per tonne and RMB 14,570 per tonne, with spot contract to be traded at a premium price of RMB 320-360 per tonne. Hangzhou has seen the highest growth today of RMB 300 per tonne to RMB 14,630 per tonne, following by the increase of RMB 280 per tonne in Linyi to RMB 14,660 per tonne and RMB 270 per tonne in Gongyi and Wuxi to RMB 14,610 per...
The world’s second-largest metal and mining corporation, Rio Tinto communicated that it was willing to continue talks with the Government of New Zealand on extending operations at its Tiwai Point aluminium smelter, as offered by Prime Minister Jacinda Ardern on 28 th September’20. Jacinda Ardern and energy spokesperson Megan Woods announced the plan, with negotiations focused on establishing a fair price for the transmission costs paid to Transpower by the smelter. Kellie Parker, Managing Director, Rio Tinto’s Pacific Operations communicated: “We are always open to continuing conversations that would see fairer costs established for the smelter.” “The on-going uncertainty for our team at Tiwai and the Southland community is very hard but it is encouraging both major parties have now...
