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 week-on-week decline in primary aluminium ingots inventories by 24,000 tonnes on Thursday, September 17, has led to a sharp growth in A00 aluminium ingot price on Friday, September 18, found the Shanghai Metals Market. Following a downfall from RMB 14,680 per tonne to RMB 14,590 per tonne on Thursday, the price today has recorded an increase of RMB 190 per tonne to close at RMB 14,780 per tonne, according to SMM data. The average prices are expected to range between RMB 14,760 per tonne and RMB 14,800 per tonne, with spot contract to be traded at a premium price of RMB 110-150 per tonne. Foshan has seen the highest growth in A00 aluminium ingot price today by RMB 220 per tonne to stand at RMB 14,990 per tonne. In Gongyi, the price has increased by RMB 210 per tonne to RMB 14,720 per...
China Hongqiao Group Limited has initiated the first phase of production at a greener aluminium plant in the southwestern province of Yunnan, cutting its reliance on coal-fired power. The news came after a Hongqiao affiliate said this on Thursday, September 17. Hongqiao has been smelting aluminium in the city of Binzhou in Shandong using coal-fired power, but now the move to Yunnan will allow the company to swap coal for cleaner hydropower. The greener aluminium plant is located at Wenshan prefecture, having an annual capacity of 2.03 million tonnes. Hongqiao aims to move about one-third of its aluminium capacity out of Shandong province to the hydropower-rich Yunnan province. The construction of this plant, led by Shandong Weiqiao Pioneering Group, was started in December last year with...
"Honestly, we knew from the start that it was invalid", reacts the President of the National Union of Aluminum Employees of Baie-Comeau, Michel Desbiens, following the decision of the United States to finally withdraw the imposition of tariffs on Canadian aluminium exports. Michel Desbiens said: “The news reassures the union and happy with the outcome. Even if he indicates that the 10% surtax imposed since mid-August did not have time to hurt the Alcoa aluminium smelter in Baie-Comeau, the situation could easily have been different over time.” "When you pay a tax, you certainly have less capital to invest", specifies the one who feared the repercussions on the long-term investments in the plant. The president of the union, which represents some 700 members, is optimistic that the...
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 have dwindled across eight major consumption areas in China, including SHFE warrants, to stand at 740,000 tonnes, as of September 17. Primary aluminium inventories have declined this week after two consecutive weeks of increase. On last Thursday, September 10, primary aluminium inventories grew by 3,000 tonnes week-on-week to come in at 764,000 tonnes. The chart below indicates the current status of primary aluminium inventories across China in more details: Primary aluminium inventories downfall today has touched upon Nanhai, Gongyi, Tianjin, Hangzhou, and Chongqing. In Nanhai and Gongyi, the inventories...
SMM aluminium ingot price registered a decline after two days of hike. The price edged lower by RMB 90 per tonne to stand at RMB 14590 per tonne on Thursday, 17 September 2020, from Wednesday’s price of RMB 14680 per tonne. The price is expected to range at RMB 14570-14610 per tonne. In Foshan and Wuxi, the price fell by RMB 40 per tonne and RMB 70 per tonne to stand at RMB 14770 per tonne and RMB 14610 per tonne on Thursday, 17 September 2020. Aluminium prices in Hangzhou and Chongqing came in at RMB 14610 per tonne each, down RMB 70 per tonne and RMB 65 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi dropped to stand at RMB 14575 per tonne, RMB 14620 per tonne, RMB 14680 per tonne, and RMB 14510 per tonne. The aluminium alloy (ADC12) price stood at RMB 14650...
China has performed into a net importer of aluminium and other metals for the third consecutive month in August’20. Since the country’s infrastructure blow-out in 2009 after the financial crisis, this was the first time in 11 years. The drift may boost India’s metals and mining sector which has been staggering under high debt amid volatile earnings. Chinese demand has shown a surging effect on Indian metal companies in the past. After the session of strong demand in 2009 from China, the Nifty Metal index had more than tripled to 4800 in March 2010 within a year. Aluminium companies such as Vedanta, Hindalco, NALCO, etc. are expected to benefit from the current trend in Chinese demand. Steel companies such as JSW Steel, Jindal Steel and Tata Steel have reported a strong jump in exports at...
Difference between the virtual and real world has almost waned over the years due to the increasing influence of digitalisation. The presence and impact of digitalisation have been more so felt during the COVID-19 pandemic when direct human interaction, or for that matter intervention, is limited. Besides the despondent fact that the COVID-19 pandemic has taken a toll on the global economy, it is the pandemic that has further catalysed digital transformation across business models of various industrial sectors, including aluminium, resulting in better digital offerings and adoption. Digitalisation in Aluminium Industry: While going digital is not new to the aluminium industry, the revolutionary transformation that industry is going through in recent times with a large number of smelters...
On Wednesday, September 16, three-month LME aluminium fell from an intraday high of US$ 1,804.50 per tonne to close at an intraday low of US$ 1,789.50 per tonne. It is likely to fluctuate between US$ 1,770-1,820 per tonne today. LME aluminium cash (bid) price and LME official settlement price declined to US$ 1759 per tonne on Wednesday, September 16, following a hike last day from US$ 1749 per tonne to US$ 1767 per tonne. 3-months bid price and 3-months offer price hovered at US$ 1798 per tonne, down from US$ 1806.50 per tonne on September 15. Dec 21 bid price and Dec 21 offer price came in at US$ 1873 per tonne. The LME aluminium opening stock stood at 1510400 tonnes. Live Warrants hovered at 1251175 tonnes, while Cancelled Warrants at 259225 tonnes. LME aluminium 3-months Asian...
Quebec’s political leaders and aluminium industry players wholeheartedly welcomed the US decision of cancelling the 10 per cent tariff on primary aluminium ingots from Canada, according to a report on Tuesday, September 15. “Very good news for the Quebec’s aluminum producers,” tweeted Pierre Fitzgibbon, the province’s economic development minister. He thanked the efforts of the federal government behind successfully coordinating with American legislators and convincing them to scrap the tariff. He pointed out nine of Canada’s ten aluminium smelters, built largely by American investors and manufacture mostly for the American market, are located in Quebec, while the tenth is located in Kitimat, British Columbia. Catherine Loubier, Quebec’s delegate general in New York, and Kirsten Hillman,...
Emirates Global Aluminium announced on Tuesday, September 15, that it resumed hiring young Emirati talent for technical roles through its National Training programmes, following a pause due to the COVID-19 pandemic. Since July, Emirates recruited some 21 young Emiratis as the first batch of new trainees since the start of the pandemic. Emirates’ National Training Programmes have been helping UAE Nationals since 1982 develop their technical skills while allowing them to work in operational areas in EGA’s smelters and power plants. In the new normal life, EGA has adopted online classroom training programmes to educate the new batch both theoretically and practically, ensuring quality learning and well-being of the trainees. Abdulnasser Bin Kalban, EGA’s Chief Executive Officer, said: “We...
Vedanta has hiked its aluminium ingot price today after cutting the price of the same products last week. With effect from Wednesday, 16 September 2020, the prices of some aluminium ingots are in the range of INR 147,750-160,750 per tonne. That is up INR 2,000 per tonne from INR 145,750-158,750 per tonne on Friday, 11 September 2020. With the latest hike, Vedanta’ billet now stands at INR 155,750 per tonne on September 16, an increase of INR 2,000 per tonne from INR 153,750 per tonne on September 11. 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 aluminium Cost...
Three-month LME aluminium fell 0.47% to settle at US$1,793.5 per tonne on Tuesday, after hitting its highest in two weeks at US$1,810.5 per tonne earlier in the session. The contract is likely to move between US$1,770-1,820 per tonne today. As of Tuesday September 15, LME aluminium cash (bid) price stands at US$ 1767per tonne, LME official settlement price stands at US$ 1767per tonne; 3-months bid price stands at US$ 1806.50 per tonne, 3-months offer price is US$ 1806.50 per tonne; Dec 21 bid price stands at US$ 1882 per tonne, and Dec 21 offer price stands at US$ 1882 per tonne. The LME aluminium opening stock stood at 1513925 tonnes. Live Warrants totalled 1255675 tonnes, and Cancelled Warrants were 258250 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$...
According to the Shanghai Metals Market, A00 aluminium ingot price has recorded a hike for the second consecutive day by RMB 70 per tonne to stand at RMB 14,680 per tonne on Wednesday, September 16. The average prices 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 100-140 per tonne. SMM data shows A00 aluminium ingot price has grown the highest in Foshan, Chongqing, and Linyi by RMB 70 per tonne to stand at RMB 14,810 per tonne, RMB 14,675 per tonne, and RMB 14,710 per tonne, respectively, as of September 16. In Wuxi, Shenyang, and Gongyi, the primary aluminium ingot price has surged by RMB 60 per tonne to come in at RMB 14,680 per tonne, RMB 14,665 per tonne, and RMB 14,570 per tonne. In Hangzhou and...
On 15 th September’20, the United States of America declared that it would no longer impose a 10% tariff on Canadian aluminium imports. It has been presumed that following the rise of retaliation from Ottawa, Donald Trump administration has changed its mind. The duty-free treatment will be retroactive to September 1. The Office of the US Trade Representative (USTR), however, has published a list of expected maximum monthly shipments of aluminium and warned it will re-impose the tariff if imports exceed those amounts. USTR said in a statement: "After consultations with the Canadian government, the United States has determined that trade in non-alloyed, unwrought aluminium is likely to normalise in the last four months of 2020, with imports declining sharply from the surges experienced...
Vedanta’s Jharsuguda reiterates its commitment to leverage engineering, technology and innovation to boost India self-reliance in aluminium. The company also aims to fulfil raw material needs of critical sectors. The company targets to work in close collaboration with its technology partners, consultants and customers to lead a globally competitive aluminium industry in the post-pandemic world. CN Singh, CEO – Vedanta Ltd., Jharsuguda said, “Our commitment to emerge as the world’s most preferred aluminium producer is in line with our mission to be India’s partner in progress. Our world-class operations are a sought-after destination for India’s young engineers who want to be enabled and empowered to put their knowledge into action for superlative results. We are especially proud of our...
Aluminium output in China hit a new record high for a second month in August on higher production at smelters and robust demand outlook. According to the National Bureau of Statistics (NBS), aluminium production rose 2.3% month-on-month and 5.5% year-on-year. China produced 3.17 million tonnes of primary aluminium in August, from 3.1 million tonnes in July. Average daily production came in at 102,258 tonnes in August. That was up 2.3% from about 100,000 tonnes in July, according to Reuters calculations based on the NBS data. In the first eight month of 2020, aluminium production stood at 24.3 million tonnes, up 2.3% from same period a year earlier. A new production line with annual capacity at 150,000 tonnes at Henan Shenhuo Group commenced last month. The Group expects to be at full...
SMM aluminium ingot price registered a hike of RMB 30 per tonne to stand at RMB 14610 per tonne on Tuesday, 15 September 2020. The price is expected to range at RMB 14590-14630 per tonne. In Foshan and Wuxi, the price rose by RMB 60 per tonne and RMB 40 per tonne to stand at RMB 14740 per tonne and RMB 14620 per tonne on September 11. Their average prices are expected to range within RMB 14720-14760 per tonne and RMB 14610-14630 per tonne. Aluminium ingot prices in Hangzhou, Chongqing, Shenyang, Tianjin, Linyi, and Gongyi increased to stand at RMB 14630 per tonne, RMB 14605 per tonne, RMB 14605 per tonne, RMB 14610 per tonne, RMB 14640 per tonne, and RMB 14512 per tonne. The aluminium alloy (ADC12) price stood at RMB 14400 per tonne on Tuesday, 15 September 2020, an increase of RMB 100...
GFG Alliance is committed to aid Alcoa’s troubled San Ciprián aluminium smelter in northwest Spain and is confident to find a solution for the smelter’s long-term sustainability if sources of power and alumina are guaranteed, said Jay Hambro, GFG’s Chief Investment Officer. In early August, GFG Alliance had hinted its interest in acquiring Alcoa’s 228,000 tonnes per year capacity smelter, as per some Industry sources. Hambro said in an interview on September 14, “This single site is Spain's single largest power consumer, energy costs are of vital importance to its success or failure and with a very sizeable investment in renewable energy in that part of Spain and broadly across Spain, we can create a cost-base for the smelter that will support a long-term future." He added, “GFG is trying...
