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 aluminium sector of Australia could become the model for the sustainable heavy industry by switching to low-cost, zero-emission electricity and investing in plant modernisation. The Institute for Energy Economics and Financial Analysis (IEEFA), an accomplished think tank for renewables, believes that not only is the cost of electricity a major obstacle to the industry’s global competitiveness, it is also one of the most emissions-intensive globally. The IEEFA highlighted in a new report, which focused on the aluminium smelters in Gladstone, Queensland: “An Aluminium-Led Energy & Industry Renewal for Central Queensland” that with operators losing money and considering closure, some 4,500 jobs in the region could be under threat.” “This failure is linked to their enormous electricity...
The US dollar slipped on Monday, September 14, against its major peers, dropping to a two-week low versus the yen, as positive news about a COVID-19 vaccine and a wave of merger and acquisition deals lifted the mood in global equity markets. Three-month LME aluminium ended 1.52 per cent higher at US$ 1,802 per tonne on Monday, after hitting an intraday high of US$ 1,805 per tonne earlier in the session. It is likely to move between US$ 1,780-1,820 per tonne today. LME aluminium cash (bid) price and LME official settlement price stood at US$ 1749 per tonne on Monday, September 14, growing by US$ 2.50 per tonne from US$ 1746.50 per tonne on September 11. 3-months bid price and 3-months offer price hovered at US$ 1787.50 per tonne versus US$ 1785.50 per tonne on the previous day. Dec 21 bid...
Three-month LME aluminium slid 0.17% to close at US$1,775 per tonne in choppy trading on Friday. It is likely to move between US$1,760-1,800 per tonne today. As of Friday September 11, LME aluminium cash (bid) price stands at US$ 1746.50 per tonne, LME official settlement price stands at US$1746.50per tonne; 3-months bid price stands at US$ 1785.50per tonne, 3-months offer price is US$ 1785.50per tonne; Dec 21 bid price stands at US$ 1863.50per tonne, and Dec 21 offer price stands at US$ 1863.50per tonne. The LME aluminium opening stock stood at 1520650 tonnes. Live Warrants totalled 1297000 tonnes, and Cancelled Warrants were 223650 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1777.33per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE...
Alcoa Intalco Works aluminium smelter curtailment has been concluded according to workers, many of which were laid off in the process. The Pittsburgh-headquartered Alcoa Corporation declared the planned curtailment and layoffs in April’20 specifying declining market conditions and at that particular time, the company estimated 700 workers would be laid off at the Intalco facility beginning in June’20 according to the company’s WARN notification to the Washington State Department of Employment Security. However, as per the 9 th September press release from the International Association of Machinists and Aerospace Workers, 621 were ultimately laid off. A rally in support of the Intalco Works facility and workers was held in Ferndale outside of Pioneer Park the day after the curtailment was...
Hydro announced Ellen Merete Olstad as a new employee-elected member of the Board of Directors of Norsk Hydro ASA, with effect from September 10, 2020 until next election of employee representatives in 2022. “Olstad replaces Svein Kåre Sund as one of the board's three employee representatives. Sten Roar Martinsen and Arve Baade were re-elected for a period until next election of employee representatives in 2022,” Hydro said. Hydro’ Board of Directors now consists of chair Dag Mejdell, deputy chair Irene Rummelhoff, Rune Bjerke, Thomas Schulz, Liselott Kilaas, Marianne Wiinholt, Peter Kukielski, and the employee-elected board members Sten Roar Martinsen, Arve Baade and Ellen Merete Olstad. Note to readers: AlCircle brings two-day event for aluminium industry players. We look forward to...
National Aluminium Company Limited (NALCO) has decreased its aluminium products price after hiking it for the fourth time in a row. With effect from Friday, 11 September 2020, NALCO's aluminium ingots price stood at INR 147,850 – 151,350 per tonne, registering a decline of INR 2,200 or 1.47 per cent from INR 150,050-153,550 per tonne on August 14. The company is selling its aluminium billets at INR 151,300- 152,800 per tonne on September 11, a drop from INR 153,500-156,150 per tonne on August 14. The aluminium wire rods price came in at INR 149,150-153,500 per tonne on September 11, down from INR 153,550 – 157,900 per tonne on August 14. Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The three-month...
According to a recent report, National Aluminium Company has initiated the process of increasing its wind portfolio to 223.9 MW by adding 25.5 MW of new wind power capacity to renewable energy portfolio. The news came after Nalco’s Chairman and Managing Director Sridhar Patra said in a report that the company is adding a new wind project in Tamil Nadu with a capital expenditure of INR 163 crore. Mr Patra said NALCO is in the “process of augmenting its wind power generation capacity to 223.90 MW by adding another wind power project of capacity 25.5 MW at Kayathar, Tamil Nadu, at a capital expenditure of Rs 163 crore through REGen Powertech Pvt Ltd.” Currently, the company has an established wind energy portfolio of 198.4 MW across the country. Patra added, “Substantial progress has been...
Vedanta has declined its aluminium products price after twenty days of restraint. With effect from Friday, 11 September 2020, the prices of some aluminium ingots are in the range of INR 145,750-158,750 per tonne, marking a drop of INR 1,250 per tonne from INR 147,000-160,000 per tonne on Saturday 22 August 2020. With the latest decline, Vedanta’ billet now stands at INR 153,750 per tonne on September 11, a decrease of INR 1,250 per tonne from INR 155,000 per tonne on August 22 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 of Production (CoP) in...
A00 aluminium ingot price climbed by RMB 30 per tonne to stand at RMB 14610 per tonne on Friday, 11 September 2020, after remaining flat at RMB 14580 per tonne for a day . The price is expected to range at RMB 14590-14630 per tonne. In Foshan and Wuxi, the price rose by RMB 10 per tonne and RMB 25 per tonne to stand at RMB 14700 per tonne and RMB 14590 per tonne on September 11. Their average prices are expected to range within RMB 14680-14720 per tonne and RMB 14570-14610 per tonne. Aluminium ingot prices in Hangzhou, Shenyang, Linyi, and Gongyi increased to stand at RMB 14615 per tonne, RMB 14605 per tonne, RMB 14620 per tonne, and RMB 14485 per tonne. The price in Chongqing dropped by RMB 20 per tonne to RMB 14560 per tonne. The aluminium alloy (ADC12) price stood at RMB 14200 per...
On the London Metal Exchange, nonferrous metals finished in negative territory on Thursday, September 11, with aluminium slipped by 0.31 per cent. LME aluminium cash (bid) price and LME official settlement price stood at US$ 1743.50 per tonne on September 10, up by US$ 3.50 per tonne from US$ 1740 per tonne on September 9. 3-months bid price and 3-months offer price hovered at US$ 1781 per tonne versus US$ 1777.50 per tonne on the previous day. Dec 21 bid price and Dec 21 offer price came in at US$ 1858.50 per tonne. The LME aluminium opening stock extended decline to 1524075 tonnes. Live Warrants stood at 1303000 tonnes, while Cancelled Warrants at 221075 tonnes. LME aluminium 3-months Asian Reference Price hovered at US$ 1774.90per tonne. SHFE Aluminium Price Trend Benchmark aluminium...
When the COVID-19 pandemic hit the Apple Island’s shores in March’20, many Tasmanian businesses received a financial blow, but a partnership is supporting five businesses in the West Tamar to move ahead towards the future. The West Tamar Council and Rio Tinto's Bell Bay Aluminium smelter united to form a movement for the Recovery, Economic and Resilience Grants to assist businesses with a share of $50,000. Patronizing an application and assessment process, five businesses secured $10,000 each across marine, food manufacturing, adventure tourism and education sectors. The successful recipients include Pivot Maritime International, Launceston Kayak Tours, A Pinch of Tasmania, Learning Partners and the Commercial Dive Academy. Shona Markham, General Manager, Bell Bay Aluminium said: “Being...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased this week. Inventories stood 764,000 tonnes as of Thursday, 10 September 2020, up 3,000 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 Gongyi increased by 8,000 tonnes and 5,000 tonnes from a week ago to 249,000 tonnes and 87,000 tonnes as of Thursday, 10 September 2020. Stocks in Shanghai and Chongqing remained unchanged at 120,000 tonnes and 3,000 tonnes. Inventories of aluminium in Nanhai, Hangzhou, Tianjin and Linyi stood at 173,000 tonnes, 76,000 tonnes, 51,000 tonnes, and 5,000 tonnes. That was down 2,000...
According to a recent report, India is planning to raise surveillance and develop policies that would curb aluminium and copper shipments from China and other Asian nations and protect domestic producers. The news came after two government sources and an industry official familiar with the matter reported. These moves for the more stringent screening of imports are aimed at reducing dependence on overseas markets and pushing economic self-reliance, according to the federal mines ministry’s letter to the commerce ministry late last month. Government sources said the aim of tighter surveillance would be to move aluminium and copper imports onto a restricted items list, which would require importers to get a government-issued license for every shipment. However, India’s federal mines and...
In the wake of the COVID-19 pandemic, Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China, has taken a first-of-its-kind initiative by hosting virtual ‘Market Update’ sessions with its customers worldwide. Organised in cooperation with CRU, the virtual sessions took place on September 3, 4, 9, and 10, with the agenda of updating the customers about how Alba is navigating through the impacts of COVID-19 pandemic and what are its latest developments during the critical time. Speaking about this initiative, Alba’s Chief Executive Officer Ali Al Baqali said: “COVID-19 has undoubtedly brought the aluminium industry closer as we prepare ourselves to emerge from this pandemic stronger.” He also said, “Alba’s unique virtual collaboration with CRU enabled us to not only...
Three-month LME aluminium rebounded from an intraday low of US$1,773 per tonne to end 0.64% lower at US$1,783.5 per tonne on Wednesday. The contract is expected to fluctuate between US$1,770-1,810 per tonne today. As of Wednesday September 9, LME aluminium cash (bid) price stands at US$ 1740 per tonne, LME official settlement price stands at US$ 1740 per tonne; 3-months bid price stands at US$ 1777.50 per tonne, 3-months offer price is US$ 1777.50 per tonne; Dec 21 bid price stands at US$ 1853.50 per tonne, and Dec 21 offer price stands at US$ 1853.50 per tonne. The LME aluminium opening stock stood at 1526575 tonnes. Live Warrants totalled 1308000 tonnes, and Cancelled Warrants were 218575 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1786.60per tonne. SHFE...
Alcoa Corporation’s Executive Vice President and Chief Financial Officer William F. Oplinger will participate in two separate investor conferences. Oplinger will participate Credit Suisse 33rd Annual Basic Materials Conference in a virtual question and answer session on Tuesday, September 15, 2020, beginning at 9:30 a.m. EDT. Oplinger will also attend Morgan Stanley 8th Annual Laguna Conference in a virtual question and answer session on Wednesday, September 16, 2020, beginning at 9:45 a.m. EDT. A slide presentation will be available on the “Investors” section of the Company’s website at www.alcoa.com . Note to readers: AlCircle brings two-day event for aluminium industry players. We look forward to meeting you virtually at “Global Aluminium Expo 2020”on October 6-7, 2020. For...
A00 aluminium ingot price registered a drop after remaining unchanged yesterday. The price reduced by RMB 140 per tonne to stand at RMB 14580 per tonne on Wednesday, 09 September 2020 and is expected to move within a range of RMB 14560-14600 per tonne. In Foshan and Wuxi, the price declined by RMB 130 per tonne and RMB 140 per tonne to stand at RMB 14710 per tonne and RMB 14560 per tonne. Their average prices are expected to range within RMB 14690-14730 per tonne and RMB 14550-14570 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 14580 per tonne and 14680 per tonne, down RMB 120 per tonne and RMB 30 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi dropped to stand at RMB 14585 per tonne, RMB 14550 per tonne, RMB 14620 per tonne, and RMB 14470...
The safe-haven dollar climbed to a four-week peak on Tuesday, September 8, led by gains versus sterling on renewed worries about Brexit and as risk appetite waned with a sell-off on Wall Street. Three-month LME aluminium rebounded from an intraday low of US$ 1,775 per tonne to close 0.14 per cent weaker at US$ 1,795 per tonne on Tuesday, and is likely to move between US$1,780-1,810 per tonne today. As of Tuesday, September 8, both LME aluminium cash (bid) price and LME official settlement price stood at US$ 1744 per tonne, declining by US$ 19 per tonne from US$ 1763 per tonne on September 7. 3-months bid price and 3-months offer price hovered at US$ 1783 per tonne versus US$ 1803.5 per tonne on the previous day. Dec 21 bid price and Dec 21 offer price came in at US$ 1857.50 per tonne. The...
