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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Rise in China’s aluminium imports in July 2020 versus decrease in exports is seen as an inversion in trade flows due to the disconnect between Chinese market, which is in full recovery mode from the COVID-19 pandemic, and the rest of the world that is still struggling to get back on its feet. China, being the world’s largest producer of the light metal, normally exports a prodigious amount of semi-manufactured products – around 5.2 million tonnes in both 2018 and 2019, with no need to call on extra supply from the international market. The last time China turned net importer was in 2009. Many people are expecting this import surge to be short-lived, as it was in 2009, but the world has changed since then and it is possible to see an underlying structural shift in the aluminium market....
A00 aluminium ingot price climbed by RMB 20 per tonne to stand at RMB 14540 per tonne on Thursday, 03 September 2020, from Wednesday’s price of RMB 14520 per tonne. The price registered an increase after two days of decline. The price is expected to range at RMB 14520-14560 per tonne. In Foshan and Wuxi, the price rose by RMB 30 per tonne each to stand at RMB 14600 per tonne and RMB 14550 per tonne on September 3. Their average prices are expected to range within RMB 14580-14620 per tonne and RMB 14530-14570 per tonne. Aluminium ingot prices in Hangzhou, Tianjin, Linyi, and Gongyi increased to stand at RMB 14570 per tonne, RMB 14580 per tonne, RMB 14580 per tonne, and RMB 14405 per tonne. The aluminium alloy (ADC12) price stood at RMB 14050 per tonne on Thursday, 03 September 2020 and is...
The US dollar bounced off two-year lows on Wednesday as US data pointed to a firm manufacturing activity. Economic data published on Tuesday showed US manufacturing activity accelerated to a nearly two-year high in August amid a surge in new orders, with the reading from the Institute for Supply Management (ISM) at its highest level since November 2018. The LME complex traded mixed on Wednesday, with aluminium fell 1.54 per cent. On Wednesday, September 2, LME aluminium cash (bid) price and LME official settlement price stood at US$ 1778.50 per tonne, declining by US$ 3 per tonne from US$ 1781.50 per tonne on Tuesday, September 1. 3-months bid price and 3-months offer price hovered at US$ 1815 per tonne verses US$ 1818 per tonne on the previous day. Dec 21 bid price and Dec 21 offer price...
According to the latest report from the US Geological Survey, US domestic primary aluminium production was 89,000 tonnes in June 2020. The average daily production stood at 2,980 tonnes, 3% less than that in May 2020 and slightly less than that in June 2019. Total aluminium recovered from scrap was 249,000 tonnes in June 2020, 4% more than the revised amount in May 2020 and 15% less than the revised amount in June 2019. Of this, 132,000 tonnes of aluminium was recovered from new scrap and 117,000 tonnes was recovered from old scrap. In June the average U.S. spot market price of primary aluminium ingot was $0.797 per pound, 6% more than that in May 2020. Inventories of primary aluminium in LME-approved warehouses in the United States increased to 163,558 at the end of June. Inventories of...
Finally, the wait is over, the registration process is live now for AlCircle’s first-of-its-kind “Global Aluminium Expo 2020”. The COVID-19 pandemic has driven in difficulties to the world and our aluminium industry, but it cannot restrict the industry partners to set back without meeting each other for a long time. This time technology will drive your physical presence and enable you to reach your industry associates to build a stronger network and sustainable business. While we all are positioning ourselves to the new normal, AlCircle team is exploring to break the bonds of restrictions around travel, communication and business. “Global Aluminium Expo 2020” is an AlCircle initiative which aims to bring all players of the aluminium value chain under one roof. This virtual event dated 6...
A00 aluminium ingot price slipped by RMB 180 per tonne from Tuesday’s price of RMB 14700 per tonne. The price now stood at RMB 14520 per tonne on Wednesday, 02 September 2020 and is expected to move within a range of RMB 14500-14540 per tonne. In Foshan and Wuxi, the price inched down by RMB 190 per tonne and RMB 170 per tonne to stand at RMB 14570 per tonne and RMB 14520 per tonne. Their average prices are expected to range within RMB 14550-14590 per tonne and RMB 14500-14540 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 14530 per tonne and 14550 per tonne, down RMB 160 per tonne and RMB 90 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi have decreased to stand at RMB 14565 per tonne, RMB 14540 per tonne, RMB 14520 per tonne, and RMB 14385...
Three-month LME aluminium rose 1.14% to end at US$1,818.5 per tonne on Tuesday. The contract is expected to fluctuate at high levels today amid the weak US dollar index. As of Tuesday September 1, LME aluminium cash (bid) price stands at US$ 1781.50 per tonne, LME official settlement price stands at US$ 1781.50 per tonne; 3-months bid price stands at US$ 1818 per tonne, 3-months offer price is US$ 1818 per tonne; Dec 21 bid price stands at US$ 1892.50per tonne, and Dec 21 offer price stands at US$ 1892.50 per tonne. The LME aluminium opening stock stood at 1550225 tonnes. Live Warrants totalled 1321575 tonnes, and Cancelled Warrants were 228650 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1810.84per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for...
First Partners, a full-service communications consultancy, has bagged the public relations mandate of Vedanta Limited- aluminium & power business. The company’s aluminium operations have operational smelters at Korba (Chhattisgarh) and Jharsuguda (Odisha) and an alumina refinery at Lanjigarh (Odisha). Vedanta’s commercial power generation business is located across India. The consultancy remit spans corporate communications and brand PR support for the company’s Aluminium and Power business units in Odisha, Chhattisgarh and Punjab including the corporate office in the National Capital Region (NCR). The PR mandate followed thorough evaluation rounds involving a multi-agency pitching process, reported prmoment.in. AlCircle brings two-day event for aluminium industry players. We look forward...
Aluminium stocks in Shanghai bonded warehouses increased three times in August from the previous month due to an increase in deliveries followed after the brief opening of arbitrage window between the London Metal Exchange and the Shanghai Futures Exchange in late July. According to Fastmarkets assessment, Shanghai bonded aluminium stocks stood at 7,500-8,000 tonnes on Monday, August 31, higher by 5,000-5,500 tonnes from 2,000-3,000 tonnes on July 31. The aluminium import arbitrage window in China opened on July 30, with profits widening to $33.48 per tonne on August 3 before flipping to a loss the next day and remaining closed since then. 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,...
Sohar Aluminium achieved a record hot metal production of 390,516 tonnes in 2019, underscoring its ambition to become the benchmark smelter in the Middle East. This production milestone came on the 10 th anniversary of Sohar operations, jointly owned by the Omani government (40 per cent) represented by OQ – Oman’s integrated energy group; Abu Dhabi National Energy Company PJSC (40 per cent), and leading global mining group Rio Tinto (20 per cent). Sohar Aluminium started its production in 2010 with an annual capacity of 390,000 tonnes of high quality aluminium. Hot metal output was up by about 2.8 per cent from the previous year’s high of 379,775 tonnes. In 2017, production slumped to 252,714 tonnes when smelting operations were impacted by a technical glitch. Eng Said bin Mohammed al...
Prebaked anode price in East China market has edged higher by RMB 80 per tonne after remaining flat at RMB 2930 per tonne since August 3. As of Tuesday, 01 September 2020, prebaked anode price ranged at RMB 2840-3180 per tonne; the average price stood at RMB 3010 per tonne. Prebaked anode prices in Central and Southwest China markets have stood higher at RMB 3100 per tonne and RMB 3210 per tonne, up RMB 90 per tonne and RMB 30 per tonne. Their average prices are expected to range at RMB 2900-3300 per tonne and RMB 3100-3320 per tonne. The prebaked anode spot price in Northwest China has increased by RMB 90 per tonne to stand at RMB 3500 per tonne. The average price is expected to range at RMB 3400-3600 per tonne. Aluminium Fluoride price in China stands at RMB 7850 per tonne on Tuesday,...
The US dollar hit a more than two-year low and a fourth straight month of losses on Monday in the wake of the US Federal Reserve’s policy shift on inflation. It is down 1.24 per cent for the month, marking its worst August in five years and the longest run of monthly losses since the summer of 2017. Shanghai base metals, except for aluminium, opened on a positive note on Tuesday morning, holding onto overnight gains, while their counterparts on the LME increased across the board, as the dollar hit two-year low on the back of the US Federal Reserve’s policy shift on inflation. The LME market was closed on Monday, August 31, for a summer bank holiday and will resume normal trading on Tuesday, September 1. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased marginally by...
Three-month LME aluminium broke above US$1,800 per tonne to a more than half-year high of US$1,806 per tonne on Friday, ending 0.12% higher at US$1,798 per tonne. As of Friday August 28, LME aluminium cash (bid) price stands at US$ 1762 per tonne, LME official settlement price stands at US$ 1762 per tonne; 3-months bid price stands at US$ 1797.50 per tonne, 3-months offer price is US$ 1797.50 per tonne; Dec 21 bid price stands at US$ 1875.50 per tonne, and Dec 21 offer price stands at US$ 1875.50 per tonne. The LME aluminium opening stock stood at 1554375 tonnes. Live Warrants totalled 1323025 tonnes, and Cancelled Warrants were 231350 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1783.87 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE...
According to the Shanghai Metals Market, A00 aluminium ingot price has grown by RMB 80 per tonne on Monday, August 31, to stand at RMB 14,760 per tonne, following two consecutive declines of RMB 40 per tonne and RMB 50 per tonne to come in at RMB 14,680 per tonne. The average prices today are expected to range between RMB 14,740 per tonne and RMB 14,780 per tonne, with spot contract to be traded at a premium price of RMB 10-50 per tonne. In Wuxi and Gongyi, the price has surged by RMB 80 per tonne to RMB 14,750 per tonne and RMB 14,630 per tonne, respectively, while that in Hangzhou and Chongqing has increased by RMB 70 per tonne to hover at RMB 14,750 per tonne and RMB 14,700 per tonne. In Shenyang and Foshan, A00 aluminium ingot price has climbed up by RMB 60 per tonne to come in at RMB...
Canada’s Members for House of Commons, Mario Simard and Alexis Brunelle-Duceppe proposed the federal government to invest $ 200 million for the creation of a sector fund dedicated to aluminium processing and carbon-neutral aluminium production. According to the Parliamentary Budget Officer, the $ 200 million resulting from the 2018 counter-tariffs has still not gone to the industry. The Bloc members are therefore calling on the government to use this amount as a motor for development in the secondary and tertiary processing sectors. At the same time, they also want this fund to promote the development of the green aluminium industry. The sector fund would be a blessing for the aluminium sector, as it can benefit from significant leverage to reduce supply chains. Mario Simard said: “Right...
The CSN-affiliated Federation of Manufacturing holds that if the United States rebuffs to withdraw the 10% tariff recently imposed on Canadian aluminium than the Canada Government should tentatively end the planned opening in the Canada-United States-Mexico Agreement (CUSMA) for dairy products and those under the auspices of the supply management system. The union which claims its presence in the Quebec aluminium industry believes that a temporary return to supply management before the CUSMA would have a remarkable impact in agricultural states like Wisconsin, which recalls they are important electoral targets for President Donald Trump. Michel Desbiens, President of the National Union of Aluminum Employees of Baie-Comeau-CSN, adds: “If Canada can no longer count on its long-standing...
Three-month LME aluminium started the week on Monday, August 24, with a growth of 0.11 per cent to stand at US$ 1770 per tonne. On Tuesday, the price settled 0.51 per cent higher at US$ 1779 per tonne, which however, weakened a bit by 0.17 per cent on Wednesday, August 26, to end at US$ 1776 per tonne. On Thursday, the price rebounded at US$ 1779 per tonne, following wide fluctuations. LME aluminium cash (bid) price and LME official settlement price remained range-bound this week from Monday to Thursday between US$ 1735.50 per tonne and US$ 1738 per tonne. But on Friday, August 28, both the prices jumped to US$ 1762 per tonne, up by US$ 24 per tonne from the previous day. Starting the week on Monday, August 24 at US$ 1735.50 per tonne, LME aluminium cash (bid) price and LME official...
The Executive Chairman of aluminium and steel investment company GFG Alliance, Sanjeev Gupta will head the roster at the London Metal Exchange’s virtual seminar for 2020, as declared on 28 th August. The virtual seminar will commence from 19 th October ‘20 and replaces the annual LME week gathering of metal market participants in London, which has been withdrawn due to the COVID-19 epidemic. With over two decades of experience in metals and commodities markets, Sanjeev Gupta founded metal and industrial company Liberty House Group in 1992, when he was a university undergraduate. LME’s declaration of Sanjeev Gupta as keynote speaker is timely given GFG’s developing business interest in green products, a topic currently at the forefront of the industry amid ongoing calls for carbon...
