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 entire value chain of the aluminium industry has been evolving rapidly over the last few years, with the expeditious growth of its usage in various end-use products and increasing awareness for recycling. But now, with the emergence of the COVID-19, the aluminium metal industry has taken a new dimension, with new potential trends and developments across the global non-ferrous metal sector. Hence, AlCircle has published a new Sector Focus Report on the topic - “ Global Aluminium Industry – Key Trends to 2030” to take its readers through the key developments expected to emerge in the next 10 years. In this report, AlCircle has attempted to explore geographic trends of each sector of the aluminium value chain, along with the new products, applications and substitutes expected for each of...
Press Metal Aluminium Holdings Berhad, the largest Aluminium smelter in South East Asia, has announced its second quarter financial results for the three months ended 30 June 2020. Revenue decreased by 18.9% to RM1.73 billion in 2Q FY20, from RM2.13 billion in 2Q FY19 on lower realised aluminium prices. “However, we have existing hedges that partially locked in some favourable pricing and our average selling price in 2Q FY20 was higher than the average market price.” Profit before tax (PBT) increased by 1.2% to RM124.92 million in2Q FY20, from RM123.47 million in 2Q YF19. Group Chief Executive Officer Tan Sri Paul Koon stated: “The second quarter of this year was a very challenging and tumultuous period where the pandemic was at its height. With many countries seeing reduced economic...
Three-month LME aluminium trended higher on Tuesday, closing 0.91% firmer at US$1,773 per tonne. Open interest fell 10,706 lots to 797,000 lots. It is expected to move between US$1,750-1,780 per tonne today. As of Tuesday August 18, LME aluminium cash (bid) price stands at US$ 1733 per tonne, LME official settlement price stands at US$ 1733 per tonne; 3-months bid price stands at US$ 1770 per tonne, 3-months offer price is US$ 1770 per tonne; Dec 21 bid price stands at US$ 1848 per tonne, and Dec 21 offer price stands at US$ 1848 per tonne. The LME aluminium opening stock stood at 1590550 tonnes. Live Warrants totalled 1355900 tonnes, and Cancelled Warrants were 234650 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1760.70 per tonne. SHFE Aluminium Price Trend...
On Wednesday, August 19, A00 aluminium ingot price has recorded a hike for the second day in a row by RMB 100 per tonne to stand at RMB 14,640 per tonne, found Shanghai Metals Market. The average prices are expected to range between RMB 14,620 per tonne and RMB 14,660 per tonne, with spot contract to be traded at a premium price of RMB 80-120 per tonne, down by RMB 20 per tonne from the previous day. Tianjin has seen the highest increase today of RMB 170 per tonne to RMB 14,670 per tonne, followed by a rise of RMB 140 per tonne to RMB 14,660 per tonne in Hangzhou. In Wuxi and Shenyang, the A00 aluminium ingot price has climbed up by RMB 130 per tonne and RMB 120 per tonne to come in at RMB 14,660 per tonne and RMB 14,685 per tonne, respectively. In Foshan and Chongqing, the primary...
US dollar fell for four straight trading days, and recorded a new low since August 7 of 92.76 on Monday as weak results from a regional manufacturing survey added to doubts sowed by grim data last week that the US recovery is on shaky grounds. Three-month LME aluminium closed 0.92 per cent firmer at US$ 1,757 per tonne on Monday. Open interest fell 1,440 lots to 807,000 lots. It is likely to move between US$ 1,735-1,765 per tonne today. As of Monday, August 17, LME aluminium cash (bid) price and LME official settlement price continued to decline for the second consecutive day to US$ 1719.50 per tonne from US$ 1730 per tonne. 3-months bid price and 3-months offer price stood at US$ 1757 per tonne, down by US$ 9 per tonne from US$ 1766 per tonne. Dec 21 bid price and Dec 21 offer price came...
The A00 aluminium ingot price has increased by RMB 120 per tonne on Tuesday, 18 August 2020 after two consecutive drops. The price now stands at RMB 14540 per tonne today and is expected to move within a range of RMB 14520-14560 per tonne. In Foshan and Wuxi, the price has inched up by RMB 120 per tonne each to stand at RMB 14490 per tonne and RMB 14530 per tonne on Tuesday, 18 August 2020. Their average prices are expected to range within RMB 14470-14510 per tonne and RMB 14520-14540 per tonne. Aluminium prices in Hangzhou and Chongqing has increased to come in at RMB 14520 per tonne and 14420 per tonne, up RMB 100 per tonne and RMB 110 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi has risen to RMB 14565 per tonne, RMB 14500 per tonne, RMB 14630 per tonne, and...
Who hasn’t heard the saying “News at Fingertips”, especially when the whole world is moving at its fastest pace and when everybody is looking out for information at just a Click Away? So, to cater to the need to stay updated with all the latest developments in the aluminium value chain market even when you are on the move, AlCircle has launched a news app named AlCircle News . This app is specially curated to facilitate the readers with easy access to the latest news and events of the Aluminium world at literally a few clicks away and to address the changing consumption patterns of people who prefer apps over a website. AlCircle, like always a committed aluminium information platform, offers news, reports, blogs, interviews, and event calendars on this app with user-friendly, easy to...
Vedanta Limited has announced the appointment of Sunil Duggal as its new Chief Executive Officer. Sunil Duggal is the former CEO of Hindustan Zinc Ltd. Anil Agarwal, Chairman, Vedanta Ltd Said: “We are delighted to welcome Sunil Duggal as our CEO. Sunil is a proven leader with a wealth of strategic executive experience. He has motivated and lead teams to deliver high standards of operational excellence, stakeholder management, best-in-class people practices, technology, safety, ESG and carbon footprint.” Sunil, associated with Vedanta for the past 10 years, was given additional charge as Vedanta’s Interim CEO in March 2020. Sunil takes over as CEO at a time when the company is gearing up for the next phase of growth with full commitment to the nation’s call for `Atmanirbhar Bharat’. Over...
According to the Shanghai Metals Market, the A00 aluminium ingot price has recorded a decrease of RMB 140 per tonne to stand at RMB 14,420 per tonne on Monday, August 17. The average prices are expected to range between RMB 14,400 per tonne and RMB 14,440 per tonne, with spot contract to be traded at a premium price of RMB 10-30 per tonne, down by RMB 40 per tonne from the previous day. Shenyang has seen the highest plunge today by RMB 225 per tonne to come in at RMB 14,370 per tonne, followed by a decline of RMB 185 per tonne to RMB 14, 450 per tonne in Gongyi. In Wuxi and Hangzhou, the primary aluminium ingot price has dwindled by RMB 140 per tonne and RMB 135 per tonne to stand at RMB 14,410 per tonne and RMB 14,310 per tonne, respectively. In Chongqing, Foshan, and Tianjin, the...
Three-month LME aluminium closed 1.28% lower at US$1,741 per tonne on Friday. Open interest increased 7,854 lots to 809,000 lots as shorts added positions. The effect of US dollar index on LME aluminium will be monitored. As of Friday August 14, LME aluminium cash (bid) price stands at US$ 1730 per tonne, LME official settlement price stands at US$ 1730 per tonne; 3-months bid price stands at US$ 1766 per tonne, 3-months offer price is US$ 1766 per tonne; Dec 21 bid price stands at US$ 1843 per tonne, and Dec 21 offer price stands at US$ 1843 per tonne. The LME aluminium opening stock stood at 1594325 tonnes. Live Warrants totalled 1351000 tonnes, and Cancelled Warrants were 243325 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1769.18per tonne. SHFE Aluminium...
In the year 1958, Hindalco Industries started with an aim to produce primary aluminium and brownfield expansion, whereas, from 2020 onwards, Hindalco has grown through acquisitions and FDI investments. The primary aluminium business generated non-uniform cash-flow due to the fluctuation in the international prices. Hindalco planned to de-risk, so it increased the share of the downstream activities and in 2007 Hindalco acquired Novelis, the world’s largest aluminium rolling company for around $6 billion, followed by more downstream investments in India. In 2020 Hindalco acquired Aleris to build competency in aluminium rolled products. Hindalco also invested about $5 billion in upstream projects which incorporates the aluminium smelting and alumina refinery facilities and focus on the...
China's July production of primary aluminium increased 3.1% from a year earlier, according to the latest statistics released by China’s National Bureau of Statistics (NBS) on August 14. The output came in at 3.10 million tonnes of primary aluminium last month. On a month on month comparison, the output increased by 2.8% from June. China’s total aluminium production stood at 21.1 million tonnes in the first seven months of 2020. That was up 2.5% on year, the NBS data also showed. China's production of 10 nonferrous metals - including copper, aluminium, lead, zinc and nickel – came in at 5.08 million tonnes in July. That was flat on June but up 3.3% year-on-year, the bureau said.
Vedanta continued to decline its aluminium products price for the second time in a row. With effect from Saturday, 15 August 2020, the prices of some aluminium ingots are in the range of INR 147,500-160,500 per tonne, marking a decline of INR 250 per tonne or 0.17% from INR 147,750-160,750 per tonne on August 11. With the latest decline, Vedanta’ billet now stands at INR 155,500 per tonne on August 15, a drop of INR 250 per tonne from INR 155,750 per tonne on August 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 by 3% so far due to slower global demand following the coronavirus outbreak. Vedanta Limited cuts its aluminium Cost of Production (CoP) in the...
National Aluminium Company Limited (NALCO) has expanded its aluminium and aluminium product prices for the fourth time in a row, with effect from Friday, August 14. The company has raised its aluminium ingot price by INR 1,300 per tonne or 1 per cent to INR 150,050-153,550 per tonne, as of August 14. After the previous hike a week ago on August 7, NALCO’s aluminium ingot price was at INR 148,750-152,250, up by 2.09 per cent from August 1. With the latest hike, NALCO’s aluminium wire rod price has come in at INR 153,550 – 157,900, up by INR 1,300 per tonne or 1 per cent from INR 152,250-156,600 per tonne. The prices of NALCO’s aluminium billets have also been increased by the same amount to INR 153,500-156,150 per tonne from INR 152,200-154,850 as of August 7. NALCO links its aluminium...
The Shanghai Futures Exchange (SHFE), on Monday, August 10, launched trading in aluminium and zinc options. China, over the past three years, has launched 18 commodity options. The country is the world’s largest production and trading market for non-ferrous metals. Aluminium futures contracts are listed on SHFE for the past 28 years. “Options can well supplement futures,” said Zhao Jinhua, chairman of China Aluminum International Trading Group, in a Xinhua report. He also said commodity options could help in meeting companies’ needs for flexible risk management and lower the cost of hedging, and thereby, could enhance competitiveness. Five of China’s commodity futures contracts are open to foreign investors, including futures in crude oil, natural rubber, low-sulfur fuel, PTA (purified...
Hindalco Industries Limited has announced financial results for the first quarter of 2020 ended June 30, mentioning steady quarterly results driven by a strong performance by India Aluminium Business. Hindalco’s Aluminium India Business EBITDA stood at INR 856 crore versus INR 853 crore during the same period last year. Despite the COVID-19 pandemic, Hindalco has reported the EBITDA margin of 19.3 per cent in Q1, one of the best in the industry. Revenue from the India Aluminium Business, however, edged lower at INR 4,436 crore compared to INR 5,490 crore in Q1FY20. India Aluminium Business achieved aluminium metal production of 291 Kt, while sales at 303 Kt, down by 5 per cent year-on-year due to subdued domestic market, but partially offset by higher exports. Sales of value added...
On Thursday, August 13, the London Metal Exchange laid out plans to create the much-intended low-carbon aluminium spot trading platform to support sustainable metal production. The platform is expected to play a growing role in the green energy transition enabling registered producers to voluntarily log their metal’s carbon-related details. Starting with green and recycled aluminium, the platform intends to expand in the future into other sectors such as specialised alloys, and later on, into other metals as well. For being the most energy-intensive industrial metal, aluminium is vital for the transition to a low-carbon economy. The vast majority of smelter use coal-fired power for producing primary aluminium. Some use renewable energy source and has long been calling for it to be...
The US dollar slid on Thursday, August 13, against some major currencies such as the euro, Swiss franc, and sterling, weighed down by the impasse in Congress about additional US stimulus to help cope with the coronavirus pandemic. Three-month LME aluminium also trended lower on Thursday, ending 1.2 per cent weaker at US$ 1,763.5 per tonne. As of Thursday, August 13, LME aluminium cash (bid) price and LME official settlement price stood at US$ 1738 per tonne, registering an increase of of US$ 8 per tonne on August 12. 3-months bid price and 3-months offer price grew from US$ 1766 per tonne to US$ 1774 per tonne. Dec 21 bid price and Dec 21 offer price came in at US$ 1849 per tonne. The LME aluminium opening stock declined to 1600525 tonnes. Live Warrants hovered at 1361000 tonnes, while...
