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 US dollar gained on Thursday, August 27, in choppy trading after Federal Reserve Chairman Jerome Powell said, as widely expected, that the US central bank would roll out an aggressive new strategy to lift US employment and inflation. Three-month LME aluminium fluctuated widely on Thursday, ending 0.11 per cent higher at US$ 1,779 per tonne. It is likely to move between US$ 1,760-1,785 per tonne today. On Thursday, August 27, LME aluminium cash (bid) price and LME official settlement price stood at US$ 1738 per tonne, growing slightly by US$ 1 per tonne from the previous day. 3-months bid price and 3-months offer price hovered at US$ 1776.50 per tonne, down by US$ 2.5 per tonne from US$ 1779 per tonne on August 26. Dec 21 bid price and Dec 21 offer price came in at US$ 1852.50 per...
Aluminum Corporation of China Limited, popularly known as Chalco, reported on Thursday, August 27, that its profit fell 95 per cent year-on-year in the first half of 2020, attributing to lower aluminium and alumina prices and decrease in primary aluminium production. The net income of the company during H1 2020 came in at RMB 35.71 million, down from an adjusted RMB 707.41 million a year earlier. Last year’s first-half income was buoyed by a substantial gain on an asset sale, exacerbating the drop in earnings this year. In the second quarter, Chalco’s profit was RMB 5 million, marking the company’s worst quarterly result since a net loss in the fourth quarter of 2018, according to Refinitiv Eikon data. In terms of production, Chalco’s primary aluminium output in the first half of the year...
Primary aluminium inventories in China have recorded a plunge of 7,000 tonnes this week ended on Thursday, August 27, following a rise of 25,000 tonnes in the week earlier, found Shanghai Metals Market. According to the data, the social inventories of primary aluminium have declined across eight Chinese consumption areas, including SHFE warrants, to stand at 755,000 tonnes versus 762,000 tonnes on last Thursday, August 20. The chart below indicates the current status of primary aluminium inventories across China in more details: Nanhai, among all the major Chinese markets, has seen the highest downfall of 9,000 tonnes to 185,000 tonnes, as of August 27, followed by the decline of 4,000 tonnes in Shanghai to stand at 112,000 tonnes. In Tianjin and Hangzhou, the primary aluminium...
The Ghana Integrated Aluminum Development Corporation (GIADEC) took charge for Volta Aluminium Company’s (VALCO) recovery plan within 5 years. The plan incorporates the modernization of the aluminium smelter, which will take between three to five years and it will be done in two phases. This is to enable the aluminium smelter to produce first at its full capacity and a further increase in production will be recorded post the modernization. Michael Ansah, CEO of GIADEC, made public the plan at a swearing-in ceremony of the VALCO Board by the Minister for Lands and Natural Resources, Kwaku Asomah Kyeremeh. He said: “The first phase will deliver 170,000 tonnes while the second phase will produce 120,000 tonnes.” He also added: “The first phase will begin as soon as strategic partners are...
Australian Bauxite Limited’s subsidiary ALCORE Limited has executed a Memorandum of Understanding agreement (MoU) with the Japanese global trading company Sojitz Corporation (Sojitz). Both the companies will explore a potential business relationship with respect to the business of Aluminium Fluoride (AIF₃). Mark Cooksey, Alcore’s CEO, commented: “Sojitz has been assisting Alcore for 3 years and is one of several aluminium industry corporations that are vitally interested in the Alcore processes and business plans. We welcome this third-party endorsement and we expect there will be further endorsements in the coming months as we start to standardise our product specifications and processing strategies. Sojitz can provide an immediate international capability and could assist in the supply...
Three-month LME aluminium weakened 0.17% to end at US$1,776 per tonne on Wednesday. As of Wednesday August 26, LME aluminium cash (bid) price stands at US$ 1737per tonne, LME official settlement price stands at US$ 1737per tonne; 3-months bid price stands at US$ 1779 per tonne, 3-months offer price is US$ 1779 per tonne; Dec 21 bid price stands at US$ 1855per tonne, and Dec 21 offer price stands at US$ 1855 per tonne. The LME aluminium opening stock stood at 1563300 tonnes. Live Warrants totalled 1333775 tonnes, and Cancelled Warrants were 229525 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1784.86 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to stand at US$ 2135 per tonne on Thursday, August 27 2020. The most-liquid SHFE...
On Thursday, August 29, A00 aluminium ingot price in China has declined by RMB 40 per tonne to RMB 14,730 per tonne, following two consecutive hikes from RMB 14,700 per tonne to RMB 14,770 per tonne, according to the data found by Shanghai Metals Market. Week-on-week, the price is down by RMB 60 per tonne from RMB 14,790 per tonne, as of August 20. The average prices today are expected to range between RMB 14,710 per tonne and RMB 14,750 per tonne, with spot contract to be traded at a premium price of RMB 20-60 per tonne. Today, Linyi has seen the highest downfall of RMB 70 per tonne to RMB 14,720 per tonne, according to SMM. In Hangzhou, the primary aluminium ingot price has shrunk by RMB 60 per tonne to RMB 14,710 per tonne, while that in Gongyi has decreased by RMB 55 per tonne to RMB...
Aluminium Company of Egypt “Egyptalum” is expecting to report EGP 993.773 million in net losses during fiscal year (FY) 2019/20, compared to the EGP 870.927million net profit in FY 2018/19. On 25 th August’20, the aluminium company reported in a statement to the Egyptian Exchange (EGX), where the company revealed that its revenues dropped to EGP 7.254 billion in the period from July 2019 to June 2020. This compared to the EGP 12.188 billion from July 2018 to June 2019. The company imputed its losses to the increase in production costs, particularly concerning electricity consumption, during FY 2019/20. Furthermore, the shrink in the US dollar exchange rate against the Egyptian pound has contributed to these losses, alongside the sharp drop in metal prices at the London Metal Exchange....
Rusal, the world’s second largest aluminium company by primary production, has decided to step down from the aluminium trading joint venture in southern China, partly due to concerns over lower sales volume, said three sources with knowledge of the matter. Two of the sources also said that the Russian firm is hiring for its separate office in Shanghai. Rusal is now negotiating the sale of its stake in North United Aluminium (Shenzhen) to state-run partner China North Industries Group Corp Ltd (Norinco), said the sources on the condition of anonymous. Rusal had invested in North United Aluminium in 2012 but since then grown disappointed with low trading volume. However, a rebound in Chinese aluminium demand after the COVID-10 outbreak buoyed imports in July. Per the report, the unwrought...
Domestic primary aluminium producers in India, like Hindalco Industries and Anil Agarwal-led Vedanta Limited, are on their toes to bring down the country’s aluminium imports. They are working with the government at three levels – primary aluminium, secondary, and downstream products. Besides seeking trade remedial measures from the government, such as anti-dumping duty and anti-subsidy duty, the producers are working on new products. Satish Pai, managing director at Hindalco Industries, said: “We are involved in quite a few import substitution projects and are working closely with the government currently to put more defence alloys and aluminium material.” He pointed out that 60 per cent of the country’s total lightweight metal industry consumes those cheap aluminium imports. According to...
Aluminium Stewardship Initiative has acknowledged ALVANCE Aluminium Dunkerque with its Performance Standard certification for smelting and casthouse operation. The plant produces aluminium by electrolysis of alumina in the form of rolling slabs and ingots. The news came after ASI announced that it successfully certified the plant for responsible production, sourcing, and stewardship of aluminium. It is the large primary aluminium smelter in Europe. The ingots and slabs that it produces are destined for use in a range of value-added applications in the transport, automotive, packaging, building, and construction industry. The smelter produces over 284,000 tonnes of aluminium per year and employs almost 600 staff. Fiona Solomon, Chief Executive Officer at ASI, said: “We warmly congratulate...
According to a recent report, Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC), Nagpur has created Certified Reference Material (CRM) of aluminium metal for indigenous use, in line with the Government’s self-reliant initiative. CRM is used for quality control and for calibration of spectroscopic techniques. Usually, secondary aluminium is made of aluminium scrap recovered from various sources and used for manufacturing aluminium products mixed with other inferior quality products. This could be a threat to society as well as the industry. So, characterisation of elemental composition is an absolute necessary before melting or casting to ensure compositional prerequisite. CRMs are essentially required for cross verifying the methodology adopted. For having very...
Brazil’s largest aluminium producer Companhia Brasileira de Aluminio (CBA) has committed towards a science-based target (SBT) for emission reduction in line with 1.5° C, making it the foremost Brazilian organization to deliver sustainable-certified aluminium. The Latin American manufacturing giant possesses total annual production of around 480,000 tonnes and shoulders the complete aluminium production process, from bauxite mining to producing aluminium sheets and coils. As the aluminium industry is one of the world's biggest sources of industrial emissions with the International Energy Agency ranking the sector as the fourth-largest industrial CO2 emitter, responsible for around 3% of total direct CO2 emissions. However, CBA now joins a growing number of other aluminium producers...
The dollar dipped on Tuesday, August 25, as investors waited on comments from Federal Reserve Chairman Jerome Powell about the US central bank’s policy framework review, and after data showed improving German business morale. Three-month LME aluminium settled 0.51 per cent higher at US$ 1,779 per tonne on Tuesday. LME aluminium cash (bid) price and LME official settlement price, however, stood slightly lower at US$ 1733 per tonne, as of Tuesday, August 25. 3-months bid price and 3-months offer price came in at US$ 1773.50 per tonne, down by US$ 2.5 per tonne from US$ 1776 per tonne on August 24. Dec 21 bid price and Dec 21 offer price hovered at US$ 1850.50 per tonne. The LME aluminium opening stock continued to decline to 1567375 tonnes. Live Warrants hovered at 1342775 tonnes, while...
Primary aluminium production in West Europe rebounded in July 2020 by 10,000 tonnes month-on-month or 3.66 per cent to stand at 283,000 tonnes, found the International Aluminium Institute. In June 2020, the output in West Europe was 273,000 tonnes, declining 11,000 tonnes or 3.87 per cent from 284,000 tonnes in May 2020. On a year-on-year comparison, the production of primary aluminium in July 2020 stood down by 3,000 tonnes or 1.05 per cent from 286,000 tonnes. The total primary aluminium production in West Europe during May-July 2020 amounted to 840,000 tonnes, down by 2.67 per cent from 863,000 tonnes during the same period last year. Primary aluminium production in East and Central Europe during July 2020 also edged higher month-on-month from 340,000 tonnes to 349,000 tonnes. This...
Three-month LME aluminium settled 0.11% higher at US$1,770 per tonne on Monday. As of Monday August 24, LME aluminium cash (bid) price stands at US$ 1735.50 per tonne, LME official settlement price stands at US$ 1735.50 per tonne; 3-months bid price stands at US$ 1776 per tonne, 3-months offer price is US$ 1776 per tonne; Dec 21 bid price stands at US$ 1853.50per tonne, and Dec 21 offer price stands at US$ 1853.50 per tonne. The LME aluminium opening stock stood at 1572950 tonnes. Live Warrants totalled 1342775 tonnes, and Cancelled Warrants were 230175 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1779.70 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to stand at US$ 2126 per tonne on Tuesday, 25 August 2020. The most-liquid...
According to the Shanghai Metals Market, the A00 aluminium ingot price has recorded a rise of RMB 50 per tonne to stand at RMB 14,750 per tonne on Tuesday, August 25, following a downfall on the previous day from RMB 14,840 per tonne to RMB 14,700 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 the same premium price of RMB 30-70 per tonne. Foshan has seen the highest growth in A00 aluminium ingot price today of RMB 80 per tonne to come in at RMB 14,770 per tonne, followed by an increase of RMB 70 per tonne in Linyi to stand at RMB 14,790 per tonne. The price in Chongqing and Shenyang has grown by RMB 65 per tonne and RMB 50 per tonne to hover at RMB 14,665 per tonne and RMB 14,740 per tonne,...
Sumitomo Corporation, Japan’s one of the largest global general trading companies, and a diversified corporation forecast that the Japanese aluminium premium to rise to $90 a tonne in the October-December quarter, from $79 this quarter, as industry demand and stock-financing deals return, as stated by a company manager on 14 th August’20. Japan stands as Asia's biggest importer of aluminium and the premiums it agrees to pay over the London Metal Exchange (LME) cash price each quarter for primary metal shipments set the benchmark for the region. The aluminium premium of Japan for July to September came to $79 a tonne, down 3.7% from the prior quarter as the COVID-19 pandemic disrupted manufacturing activity. Yasushi Miyachi, Manager of Sumitomo's light metals trading team, said: "But...
