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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In West Europe, primary aluminium production in August 2020 came in at 280,000 tonnes, inching down slightly from 281,000 tonnes in July 2020, according to the data revealed by the International Aluminium Institute. Output in July was 281,000 tonnes, up month-on-month by 3 per cent from 273,000 tonnes. On a year-on-year basis, primary aluminium production in West Europe in August stood down by 2.1 per cent from 286,000 tonnes. Total production in eight months in West Europe came in at 2.23 million tonnes, lower by 3.46 per cent from 2.31 million tonnes during the same period last year. On the other hand, primary aluminium production in East & Central Europe in August stood flat over the month at 349,000 tonnes. In July, the output grew by 9,000 tonnes or 2.65 per cent from 340,000 tonnes...
Africa produced 135,000 tonnes of primary aluminium in August 2020, marking a decrease of 2.88% from 139,000 tonnes in August 2019. The output increased by 1.5% from July 2020’s production of 133,000 tonnes and 3.85% from June 2020’s production of 130,000 tonnes, according to the latest data showed by the International Aluminium Institute (IAI). Africa’s primary aluminium production came in at 1.072 million tonnes in the first eight months of 2020 as compared to 1.099 million tonnes in the first eight months of 2019. This records a decrease of 2.46% or 27,000 tonnes year-on-year. IAI reported that primary aluminium production in Africa came in at 1.643 million tonnes in 2019 as compared to 1.668 million tonnes in 2018. That was down 1.5 per cent year-on-year. Note to readers : AlCircle...
According to the latest data revealed by the International Aluminium Institute (IAI), primary aluminium production in North America dipped by 2,000 tonnes or 0.60 per cent in August 2020, following a rise in the previous month. Output in August stood at 331,000 tonnes, while in July was 333,000 tonnes after rising by 3,000 tonnes or 1 per cent from 330,000 tonnes in June 2020. On a year-on-year calculation, North America’s primary aluminium production in August 2020 stood down by 10,000 tonnes or 3.12 per cent from 321,000 tonnes. In total eight months of the year (January-August), primary aluminium production in North America totalled 2.66 million tonnes, up by 4.31 per cent from 2.55 million tonnes during the same period last year. Primary aluminium production in South America, on the...
The Multi Commodity Exchange of India (MCX) witnessed a total shipping of 30,771 tonnes in aluminium after completion of its August contract delivery cycle. The total delivery of 1,06,814 tonnes recorded in the five base metal contracts viz. Aluminium, Copper, Lead, Nickel and Zinc, which were converted into compulsory delivery contracts in a phased manner since January last year. “MCX has also started the process of Empanelment of domestic refined Lead brands to encourage more domestic consumers and refiners to participate on the Exchange, which has issued eligibility criteria for domestically refined Lead brands to get registered for MCX good delivery. At present, only LME approved brands are accepted,” MCX said. “We have achieved yet another milestone by converting all base metal...
Emirates Global Aluminium, the largest industrial company in the UAE outside oil and gas, has come up with its third annual Sustainability Report, wherein it has all the details of the company’s 2019 environmental, social, and governance performance in the UAE as well the Republic of Guinea. The report has been prepared in accordance with the Global Reporting Initiative (GRI) Standards, the international framework for sustainability reporting. It also meets the reporting and disclosure requirements set by the Aluminium Stewardship Initiative (ASI). According to the report, EGA, in 2019, achieved better safety performance than the average global industry, as measured by the International Aluminium Institute (IAI). There were no fatalities or occupation diseases at any of the EGA sites....
Three-month LME aluminium came off an intraday high of US$1,804 per tonne to end 0.75% lower at US$1,782 per tonne on Monday. As of Monday September 21, LME aluminium cash (bid) price stands at US$ 1752.50 per tonne, LME official settlement price stands at US$ 1752.50per tonne; 3-months bid price stands at US$ 1793 per tonne, 3-months offer price is US$ 1793 per tonne; Dec 21 bid price stands at US$ 1869 per tonne, and Dec 21 offer price stands at US$ 1869 per tonne. The LME aluminium opening stock stood at 1499100 tonnes. Live Warrants totalled 1235750 tonnes, and Cancelled Warrants were 263350 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1799.66per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE decreased to stand at US$ 2152 per tonne on...
Global primary aluminium production stood at 5.485 million tonnes in August 2020, with a year-on-year increase of 2.45% from 5.354 million tonnes in August 2019, according to the latest data showed by the International Aluminium Institute (IAI) on Monday, 21 September 2020. On a month-on-month comparison, the output slightly decreased by 0.07% from 5.489 million tonnes. Total primary aluminium production came in at 43.037 million tonnes in the first eight months of 2020, an increase of 1.44% from 42.425 million tonnes in the first eight months of 2019. In Asia ex-China, aluminium production came in at 347,000 tonnes in August, a7.22% decline from 374,000 tonnes in August 2019. On a month-on-month basis, the output marked an increase of 1.17%. In January-August, output came in at 2.738...
According to the Shanghai Metals Market, A00 aluminium ingot price has declined by RMB 40 per tonne on Tuesday, September 22, to stand at RMB 14,750 per tonne, following two consecutive days of rise from RMB 14,590 per tonne to RMB 14,790 per tonne. The average prices are expected to range between RMB 14,730 per tonne and RMB 14,770 per tonne, with spot contract to be traded at a premium price of RMB 90-130 per tonne, down by RMB 10 per tonne from the previous day. In Foshan and Tianjin, A00 aluminium ingot price has plunged by RMB 50 per tonne to RMB 14,920 per tonne and RMB 14,740 per tonne, respectively, while in Chongqing and Wuxi, the price has fallen by RMB 25 per tonne and RMB 20 per tonne to come in at RMB 14,780 per tonne and RMB 14,750 per tonne. In Hangzhou, Shenyang, and...
Aluminium Bahrain (Alba) has inked a Memorandum of Understanding (MoU) with University of Bahrain (UoB). This will help boost cooperation between the two entities in various areas of research and academic programmes. Alba’s CEO Mr. Ali Al Baqali said: “This MoU is an extension of the collective initiatives over the years between Alba and UoB in different fields. This national partnership is set to enhance our joint efforts to invest in the Human Capital and accordingly build the capabilities of Bahraini nationals in line with Bahrain Economic Vision 2030.” In addition to developing academic programmes to support the industrial sector in Bahrain, this MoU will accelerate various research projects as well as enable higher education students to conduct research and studies which will add...
The United States decision to withdraw the 10% tariff on Canadian aluminium import has been commended by many industry groups and associations, but the confusion which remains on is the import volume benchmark by the United States Trade Representative’s office in place of the tariff. On 18 th September’20, The Aluminum Association said it supported tariff- and quota-free trade within North America and was reaching out to the USTR to clarify details regarding the import target levels. It remains unclear exactly how this system might be implemented or enforced, and Canada has indicated that it did not agree to any import controls or quotas. The USTR said: “It expects shipments of non-alloyed, unwrought aluminium from Canada to be no greater than 83,000 tonnes for September, 70,000 tonnes...
As of Friday, September 18, three-month LME aluminium increased 0.81 per cent to close at US$ 1,795.5 per tonne in choppy trading and is likely to fluctuate range-bound in the short term. LME aluminium cash (bid) price and LME official settlement price stood at US$ 1745 per tonne on September 18, growing by US$ 1.50 per tonne from Thursday, September 17. 3-months bid price and 3-months offer price hovered at US$ 1785.50 per tonne, up by US$ 2.50 per tonne from US$ 1783 per tonne on the previous day. Dec 21 bid price and Dec 21 offer price came in at US$ 1862 per tonne. The LME aluminium opening stock declined to 1504175 tonnes. Live Warrants stood at 1245950 tonnes, while Cancelled Warrants at 258225 tonnes. LME aluminium 3-months Asian Reference Price was at US$ 1793.92per tonne, as of...
SMM aluminium ingot price witnessed an upward movement over the week, except Monday and Thursday. The price stood lower at RMB 14580 per tonne on Monday, September 14. But the price increased by RMB 30 per tonne and RMB 70 per tonne to stand at RMB 14610 per tonne and RMB 14680 per tonne on Tuesday and Wednesday. The price ended the week higher at RMB 14780 per tonne, up RMB 190 per tonne from Thursday. According to the Shanghai Metals Market, social inventories of primary aluminium ingots in China have shrunk by 24,000 tonnes this week ending on Thursday, September 17. The inventories across eight major consumption areas in China, including SHFE warrants, to stand at 740,000 tonnes, as of September 17. The aluminium alloy (ADC12) price performed higher over the week. The week started...
Three-month LME aluminium trended down this week during September 14-18 from US$ 1802 per tonne to US$ 1,781 per tonne. Starting the week with a hike of 1.52 per cent to US$ 1,802 per tonne, three-month LME aluminium on Tuesday, September 15, fell 0.47 per cent to settle at US$1,793.5 per tonne. On Wednesday, September 16, it closed further lower at US$ 1,789.50 per tonne, and on Thursday, September 17, at US$ 1,781 per tonne. LME aluminium cash (bid) price and LME official settlement price recorded a mere downfall over the week during September 14-18. The prices began the week with two consecutive days of rises from US$ 1746.50 per tonne to US$ 1749 per tonne on Monday and then to US$ 1767 per tonne on Tuesday, September 15. On Wednesday, September 16, both LME aluminium cash (bid) price...
Cameroon projects to build the Grand Eweng dam with a capacity of 810 MW by 2028 in alliance with the American company Hydromine. The power plant’s output will supply the aluminium sector, part of the Cameroonian population and the rest will be exported to Chad. The Central African nation has just floated the project to build the hydroelectric dam at Grand Eweng with a capacity of 810 MW. The infrastructure is worth an estimated $ 3 billion. It will be built on the Sanaga River, of which it will be the fifth hydroelectric power station and will come into service by 2028. According to Lucas Briger, Vice President of Development and Operations at Hydromine stated the power of the infrastructure will subsequently be increased to 1,000 MW. “The Grand Eweng was originally intended for...
AlCircle Team is fully geared to welcome you all to its first-ever online “ Global Aluminium Expo 2020 ”, where you can exhibit your brand, share success stories, explore new business opportunities, and meet and greet some old and some new customers. In short, welcome to an ideal platform of business development and networking, during the time when travel is a constraint and so is meeting people in person. This event also assures you to be able to gather rich and right information on the current market condition of the aluminium industry in order to help you take right business decision at the time of unprecedented crisis. In this exhibition, you will get an opportunity to rub your shoulders, but virtually, with industry leaders from every walk of the aluminium industry, right from...
Indian mining and metal tycoon Anil Agarwal, who made a fortune acquiring, state-owned companies and revamping them, is drawing up to raise an investment fund targeting turnaround opportunities in the country, as per industry sources. The Founder and chairman of Vedanta Resources Ltd. is working with Centricus Asset Management Ltd. on the plans. They have started approaching potential investors for the proposed India Direct Investment fund, which will buy stakes in government companies being sold as part of the country’s INR 2.1 divestment program. According to the industry source, the fund will also target companies restructuring under India’s bankruptcy regime and it will look at both private and public firms. Agarwal and London-based Centricus plan to contribute as much as 10% of the...
Vedanta has reduced its aluminium ingot price today after hiking the price of the same products by INR 2,000 per tonne on Wednesday. With effect from Friday, 18 September 2020, the prices of some aluminium ingots are in the range of INR 146,500-159,500 per tonne, marking a decline of INR 1,250 per tonne from INR 147,750-160,750 per tonne on Wednesday, 16 September 2020. With the latest decline, Vedanta’ billet now stands at INR 154,500 per tonne on September 18. That was down INR 1,250 per tonne from INR 155,750 per tonne on September 16. 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....
Three-month LME aluminium closed 0.67% lower on Thursday. The price settled at US$1,781 per tonne on Thursday. As of Thursday September 17, LME aluminium cash (bid) price stands at US$ 1743.50 per tonne, LME official settlement price stands at US$ 1743.50 per tonne; 3-months bid price stands at US$ 1783 per tonne, 3-months offer price is US$ 1783 per tonne; Dec 21 bid price stands at US$ 1859.50 per tonne, and Dec 21 offer price stands at US$ 1859.50 per tonne. The LME aluminium opening stock stood at 1506425 tonnes. Live Warrants totalled 1251175 tonnes, and Cancelled Warrants were 255250 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1782.59 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to stand at US$ 2160 per tonne on...
