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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The Aluminum industry is predominant in the development of the country, as India is driving pivotal projects like Make in India, 100 Smart Cities, 100 AMRUT Cities, 24-hour uninterrupted power supply, 100% rural electrification, domestic space program, achieving 100 GW solar power generation capacity which is considered as the backbone of an economy and making the nation self-reliant. In the presence of many other industry leaders, Mr Abhijit Pati, CEO & Director, Bharat Aluminium Company (BALCO) expressed his thoughts that “Aluminum sector has capabilities to play a major role in the growth of India”. He said while addressing a webinar as a key speaker at the 24th International Conference on Non- Ferrous Metals- 2020 on the ‘Prospects of Aluminium Industry in India & the challenges faced...
The Sri Lankan Government is to account whether aluminium could be imported as raw material and foster the job market of the country, while saving much foreign currency, stated by Ajith Nivard Cabraal, Money and Capital Market and State Enterprise Reforms State Minister, on 25 th September’20. This observation was made by the state minister in response to a suggestion made by a Sri Lankan MP Mohamed Muzamil. Ajith Nivard Cabraal, said: “I would discuss with President Gotabhaya Rajapaksa and Prime Minister Mahinda Rajapaksa on the matter and additionally to see if the export of aluminium scrap to be prevented allowing the same be used by local manufacturers.” It has been also revealed that a sum of Rs (LKR) 95,723 million is spent on aluminium imports annually. MP Muzzamil said: “Mostly...
National Aluminium Company Limited (NALCO) announced that the company has signed a Memorandum of Understanding (MoU) with Numaligarh Refinery Limited (NRL) for long term supply of CP Coke to ensure raw material security. The MoU was signed on Thursday 24 September 2020. The company will supply Calcined Petroleum Coke (CPC) for a period of 5 years with an annual estimated sale of 40,000 MT. NALCO recently announced its June quarter results. The company reported net profit of INR 16.63 crore in Q1FY21, a decline of 82.99% from INR 97.78 crore in Q1FY20. Revenue stood at INR 1,380.63 crore in Q1FY21. That was down by 33.75% from INR2,084.08 crore last year. EBITDA came in at INR 129.07 crore in Q1FY21. This marked a decrease of 39.79% YoY. The company had recorded EBITDA of INR 214.36 crore...
The Aluminium industry considered one of the toughest to reduce emission sector, need to shift to new technologies using 100% renewable energy and feedstock. A coalition of six Indian industry majors which includes Hindalco Industries signed up an ‘Industry Charter for Near-Zero Emissions by 2050’ in a virtual event at the ongoing Climate Week NYC. As founding Signatories of the Charter, the six industry majors Hindalco Industries, Siemens Energy India, Thermax, Dalmia Cement (Bharat) Ltd, Shell Group of Companies India and Tata Consulting Engineers Ltd have committed towards development of energy efficiency, renewable energy, circular economy across member companies and supply chains; support the transition of India’s COP 21 commitment of carbon intensity reduction to absolute carbon...
Constellium announced that the company will present at the Deutsche Bank 11th Annual Global Industrials & Materials Summit. Jean-Marc Germain, Chief Executive Officer, and Peter Matt, Executive Vice President and Chief Financial Officer, will participate in the virtual Deutsche Bank Global Industrials & Materials Summit on Tuesday, June 9, 2020 at approximately 8:15 a.m. (Eastern Daylight Time). Constellium manufactures innovative and high value-added aluminium products and solutions for aerospace, automotive and packaging markets. On Wednesday, June 3, the company signed a multi-year contract with Airbus for the supply of a broad range of advanced aluminium rolled and extruded products, including wing skin panels, sheets for fuselage panels, and rectangular and pre-machined plates for...
According to a recent report, the London Metal Exchange will add to its aluminium pricing offering a new cash-settled European duty-paid aluminium premium contract settled against Fastmarkets’ benchmark Rotterdam premium. The news came after Alex Shaw, head of product development and research at the LME, announced it officially at the Fastmarkets International Aluminium Conference on Tuesday, September 22. The new contract is schedule to launch in 2021. “We’ve looked to extend [our product offering] with a duty-paid European product, which we are pleased to be launching with Fastmarkets to provide both duty-unpaid and -paid for the European market,” said Shaw. Shaw pointed out that previously LME launched an alumina price in 2019 to provide hedging tools, followed by US and European...
Aluminium ingot prices registered a growth after three days of drop. SMM aluminium ingot price stood at RMB14280 per tonne on Friday, 25 September 2020, up RMB10 per tonne from RMB14270 per tonne on Thursday. The average price is likely to range at RMB14260-14300 per tonne. In Foshan and Hangzhou, the price declined by RMB 20 per tonne each to stand at RMB 14370 per tonne and RMB 14330 per tonne. Their average prices are expected to range within RMB 14350-14390 per tonne and RMB 14310-14350 per tonne. Aluminium prices in Shenyang and Linyi came in at RMB 14320 per tonne and RMB 14380 per tonne, down RMB 10 per tonne and RMB 20 per tonne. Aluminium ingot prices in Gongyi, Wuxi, Chongqing and Tianjin increased to stand at RMB 14340 per tonne, RMB 14300 per tonne, RMB 14310 per tonne, and...
The US dollar traded at a two-month high and was set for a fifth day of gains on Thursday, September 24, as investors sought safety on concerns over economic recovery as coronavirus cases surged in Europe and on US data showed rising unemployment claims. As of Thursday, September 24, both LME aluminium cash (bid) price and LME official settlement price decreased further by US$ 21.5 per tonne to stand at US$ 1697 per tonne. 3-months bid price and 3-months offer price stood at US$ 1735 per tonne, down from US$ 1759 per tonne. Dec 21 bid price and Dec 21 offer price hovered at US$ 1813 per tonne. The LME aluminium opening stock declined to 1482225 tonnes. Live Warrants stood at 1225325 tonnes, while Cancelled Warrants at 256900 tonnes. LME aluminium 3-months Asian Reference Price came in at...
Vedanta, the globally diversified metal and mining company appointed MK Razdan, the former CEO and editor-in-chief of PTI as a Senior Advisor for the Corporate Communications team. He will be based out of Delhi. Razdan is a well-known name in the industry and has spent over three decades in the industry. Razdan, who has been one of the longest-serving editors with the agency, has also been its Chief Operating Officer. Razdan became PTI’s General Manager in 1995, after serving the organization as its Bureau Chief in its one-member bureaus first in London, then New York. He superannuated subsequently to become PTI’s contractual CEO-cum- Editor-in-Chief. Roma Balwani, Director, Communications & Brand, Vedanta, has welcomed Razdan to 'Team Vedanta' in a tweet on 24 th September’20. Note to...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, declined moderately this week. Inventories stood 716,000 tonnes as of Thursday, 24 September 2020, down 24,000 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 Hangzhou decreased by 17,000 tonnes and 3,000 tonnes from a week ago to 236,000 tonnes and 72,000 tonnes as of Thursday, 24 September 2020. Stocks in Shanghai and Nanhai stood at 123,000 tonnes and 163,000 tonnes, up 1,000 tonnes and 4,000 tonnes. Stocks in Linyi remained unchanged at 6,000 tonnes. Inventories of aluminium in Gongyi and Tianjin stood at 67,000 tonnes and...
The new aluminium price list of Vedanta shows that the company has reduced its aluminium ingot and aluminium product prices further for the second consecutive day, with effect from Thursday, September 24. With the latest cut, Vedanta’s aluminium ingot price is now ranging between INR 144,250 per tonne and INR 157,250 per tonne, down by INR 2,250 per tonne or 1.5 per cent from INR 146,500-159,500 per tonne on September 18. This week Vedanta has increased the cut of its aluminium ingot price by INR 250 per tonne from the previous week in line with the continuous downfall in global aluminium price on the London Metal Exchange. Vedanta, like any other Indian aluminium producers, links its aluminium product prices to the three-month futures of aluminium on London Metal Exchange. Since...
Three-month LME aluminium trended lower on Wednesday, September 23. It closed 1.38% weaker at US$1,754.5 per tonne. As of Wednesday September 23, LME aluminium cash (bid) price stands at US$ 1718.50per tonne, LME official settlement price stands at US$ 1718.50per tonne; 3-months bid price stands at US$ 1759 per tonne, 3-months offer price is US$ 1759 per tonne; Dec 21 bid price stands at US$ 1835 per tonne, and Dec 21 offer price stands at US$ 1835 per tonne. The LME aluminium opening stock stood at 1486175 tonnes. Live Warrants totalled 1230750 tonnes, and Cancelled Warrants were 255425 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1770.94per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE decreased to stand at US$ 2046 per tonne on...
According to the Shanghai Metals Market, A00 aluminium ingot price has recorded a sharp downfall of RMB 290 per tonne, the highest since August, to stand at RMB 14,270 per tonne on Thursday, September 24. The average prices are expected to range between RMB 14,250 per tonne and RMB 14,290 per tonne, with spot contract to be traded at a premium price of RMB 210-250 per tonne, up by RMB 110 per tonne from the previous day. SMM believes the change in consumption pattern has affected the aluminium ingot price trend. The consumptions of aluminium in September remained slightly weaker than expectations. Besides, the output has increased with the ramp-up or resumption of production capacity in Sichuan, Yunnan and Inner Mongolia. So, as of mid-September, the domestic primary aluminium operation...
Alba’s Chief Executive Officer Ali Al Baqali was a key speaker at the Virtual International Aluminium Conference 2020 by Fastmarkets. The conference was held from from 21 to 23 September 2020. The session focussed on current issues faced by the aluminium industry including COVID-19 – impacts, actions, expectations; Aluminium fundamentals – macro backdrop, end-use industries; and China and Aluminium supply. Al Baqali also highlighted the company’s response strategy to COVID-19 and lessons learnt, as well as emphasised on its focus in respect to Safety, Efficient Operations and Lean Cost Structure. During the CEO Fireside Chat on 23 September, gave insights on Alba’s approach to sustainability and societal impact. Al Baqali said:“Sustainability is not only about being a green smelter, it is...
Hydro will resume aluminium production at line B at the Husnes primary plant in Norway by the end of November. The decision to restart was delayed earlier this year due to the market collapse caused by the Covid-19 pandemic. Husnes had nearly completed an NOK 1.5 billion upgrade project to restart line B with technology spin-offs from the Karmøy technology pilot to lift operational and environmental performance to world-class standards. “We are very happy to finally bring Husnes line B back in operation, taking advantage of the extensive technology upgrades we have made and allowing our employees and the Husnes community to look toward the future after years of uncertainty,” said Eivind Kallevik, Head of the Primary Metal business. The plant has been running for more than a decade at half...
According to a Reuters report, the metal industry sees no need for a separate platform on the London Metal Exchange (LME) to trade low carbon aluminium. The industry thinks the exchange should focus on services instead that users need more urgently, such as euro-denominated steel contract. Last month, LME outlined its plans for a spot trading platform for low carbon aluminium with a view to support sustainable metal production and sought feedback from the metal industry. A few industry sources, on the condition of anonymity, said the market had the tools needed for consumers willing to pay a premium for sustainable metal. “LME contracts give you a basic price. If you have additional requirements - location, producer, shape of metal, warehouse company - there will be premiums to pay,” a...
Aluminium ingot prices registered a drop across all major markets in China on Wednesday, 23 September 2020. SMM aluminium ingot price recorded a decline of RMB190 per tonne from yesterday. The price now stood at RMB14560 per tonne. The average price is likely to range at RMB14540-14580 per tonne. In Foshan and Wuxi, the price declined by RMB 190 per tonne and RMB 195 per tonne to stand at RMB 14730 per tonne and RMB 14555 per tonne. Their average prices are expected to range within RMB 14710-14750 per tonne and RMB 14540-14570 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 14580 per tonne each, down RMB 190 per tonne and RMB 200 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi dropped to stand at RMB 14550 per tonne, RMB 14570 per tonne, RMB...
As of Tuesday, September 22, Three-month LME aluminium weakened 0.17 per cent to close at US$ 1,779 per tonne after hitting its lowest in nearly two weeks earlier in the session. LME aluminium cash (bid) price and LME official settlement price decreased from US$ 1752.50 per tonne to US$ 1744 per tonne on Tuesday, September 22. 3-months bid price and 3-months offer price hovered at US$ 1785.50 per tonne, declining from US$ 1793 per tonne. Dec 21 bid price and Dec 21 offer price stood at US$ 1860.50 per tonne. The LME aluminium opening stock further plunged to 1493175 tonnes. Live Warrants stood at 1232750 tonnes, while Cancelled Warrants at 260425 tonnes. LME aluminium 3-months Asian Reference Price came in at US$ 1777.90 per tonne, as of Tuesday, September 22. SHFE Aluminium Price Trend...
