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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Alcoa has reached an agreement with the workers’ representatives for the San Ciprián aluminum plant in Spain to extend the deadline of the formal consultation period for collective dismissal to September 28, 2020. The company said the agreement is endorsed by the national and regional governments It also includes a process to evaluate a potential sale of the 228,000 tons per year aluminium plant to GFG Alliance. “If a sales agreement is not reached by September 27, 2020, the Company and the workers’ representatives would then meet for one day on September 28, 2020, on the single topic of a social plan that would include government-supported unemployment benefits (ERTE), or, barring no agreement on an ERTE, the implementation of a permanent collective dismissal,” Alcoa said. The formal...
M.T. Abraham Group via its subsidiary Aluminij Industries d.o.o. and in cooperation with its international partners China Machinery Engineering Corporation and China Nonferrous Metal Industry's Foreign Engineering & Construction Co., Ltd. is launching its activities in Bosnia and Herzegovina, aiming at the reposition of Aluminij as a global aluminium leader. The news came after Aluminij Industries d.o.o. officially informed the Government of Bosnia and Herzegovina that its agreement has been accepted on August 5, 2020, and therefore the agreement has entered into force and its provision to be fully implemented. In early April, M.T. Abraham Group, Aluminij Industries d.o.o. and Aluminij d.d. Mostar had signed a lease agreement for the Mostar based company in Bosnia and Herzegovina. The...
According to the Shanghai Metals Market, the social inventories of primary aluminium ingots in China have continued to increase this week ending on Thursday, August 13. Data shows the inventories have built up 12,000 tonnes across eight major Chinese consumption areas, including SHFE warrants, to stand at 737,000 tonnes, primarily driven by significant stock expansion in Wuxi. On last Thursday, August 6, the primary aluminium inventories had grown by 13,000 tonnes over the week to come in at 725,000 tonnes. The growth in inventories this week marks the third consecutive weekly rise. The chart below indicates the current status of primary aluminium inventories across China in more details: As the above chart shows, the hike in primary aluminium inventories this week has not touched upon...
Hydro has allocated BRL 25 million for construction of technical school in Brazil, where Hydro’s Alunorte alumina refinery and Albras aluminium plant are located. The school, which will include an auditorium, libraries, laboratories, living areas, a theater for cultural activities, a multi-sport court and cafeterias, is expected to be completed by the end of 2021. The building will be donated to the Government of Pará, which will be responsible for the facility, operation and maintenance of the school. For this, the company has entered into an agreement with the Government of Pará to include the Barcarena School of Work and Production, which is among the initiatives of the Term of Commitment (TC), signed in September 2018. The initiative aims to strengthen professional technical training...
In view of the current global COVID-19 pandemic and travel restrictions, the organizing committee of International Bauxite, Alumina & Aluminium Society (IBAAS) has decided to postpone the 9th IBAAS International Conference & Exhibition (IBAAS-JNARDDC 2021) to October 27-29, 2021 from November 4 - 6, 2020. Except the changes in date and year, there will be no change in the venue, exhibition plan or post conference visits. The event, co-organized with Jawaharlal Nehru Aluminium Research Development & Design Centre (JNARDDC), India, will be held in Hotel Marriot, Raipur. The theme also remains the same - “Sustainability Challenges of Bauxite, Alumina & Aluminium Industry”. The organizing committee of the conference is formulating a world class program focusing on key topics and issues in the...
The Government of India’s Department of Promotion of Industry and Internal Trade (DPIIT) has presented short- and-long-term measures to turn India into a manufacturing hub for 20 champion sectors. As per our report, short and long term measures have been identified, which includes aluminium sectors among other industries by DPIIT. This has been a major push forward to the manufacturing industry that the present Government of India focus to become “Self-Reliant India” DPIIT has suggested having a separate policy on power for the energy-intensive aluminium sector, reduction of coal cess from Rs 500 per tonne to Rs 50 per tonne, and reduction in rail freight. In the long term, the suggestion is to have an import monitoring mechanism, quality control order, and utilise aluminium for rail...
RUSAL, a leading global aluminium producer, announced its results for the six months ended 30 June 2020. The company’s revenue decreased by USD721 million, or 15.2% to USD4,015 million in H1 2020 from USD4,736 million in H1 2019 due to lower LME aluminium price. Revenue from sales of primary aluminium and alloys reduced by USD559 million, or by 14.4%, to USD3,318 million, from USD3,877 million for the first half of 2019. Revenue from sales of alumina decreased by 28.8% year-on-year to USD242 million in H1 2020. Revenue from sales of foil and other aluminium products decreased by USD27 million, or by 13.2%, to USD178 million in the first six months of 2020 due to a decrease in sales of aluminium wheels between the comparable periods. Evgenii Nikitin, CEO of RUSAL, said: “Despite the...
Three-month LME aluminium settled 0.06% weaker at US$1,785 per tonne on Wednesday. Open interest added 5,151 lots to 804,000 lots. As of Wednesday August 12, LME aluminium cash (bid) price stands at US$ 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$ 1840.50per tonne, and Dec 21 offer price stands at US$ 1840.50per tonne. The LME aluminium opening stock stood at 1621400 tonnes. Live Warrants totalled 1372025 tonnes, and Cancelled Warrants were 249375 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1760.53per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to stand at US$ 2091 per tonne...
A00 aluminium ingot price declined by RMB 20 per tonne from Tuesday’s price of RMB 14470 per tonne. The price now stood at RMB 14450 per tonne on Wednesday, 12 August and is expected to move within a range of RMB 14430-14470 per tonne. This marks the third consecutive rise in aluminium ingot price. In Foshan and Wuxi, the price inched down by RMB 10 per tonne and RMB 30 per tonne to stand at RMB 14370 per tonne and RMB 14440 per tonne. Their average prices are expected to range within RMB 14350-14390 per tonne and RMB 14430-14450 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 14440 per tonne and 14310 per tonne, down RMB 30 per tonne and RMB 20 per tonne. Aluminium ingot prices in Shenyang, Tianjin, and Gongyi declined to stand at RMB 14485 per tonne, RMB 14490 per...
The US dollar fell from one-week highs on Tuesday, August 11, as investors flocked to currencies that benefit from an improving global market outlook. Three-month LME aluminium finished the day 0.17 per cent firmer at US$ 1,786 per tonne on Tuesday. As of Tuesday, August 11, both LME aluminium cash (bid) price and LME official settlement price increased by US$ 19.5 per tonne to stand at US$ 1749.5 per tonne, following a decline of US$ 14 per tonne on the previous day. 3-months bid price and 3-months offer price rebounded to US$ 1786 per tonne, while Dec 21 bid price and Dec 21 offer price came in at US$ 1860 per tonne. The LME aluminium opening stock continued to decline from 1621400 tonnes to 1617175 tonnes. Live Warrants hovered at 1361200 tonnes, while Cancelled Warrants at 255975...
Hindalco Industries Limited has reduced its aluminium ingot and aluminium product prices with effect from Tuesday, August 11, following a hike on August 8. The company is now selling its aluminium ingot at INR 14,900 per tonne, down by INR 1,250 per tonne or 1 per cent from INR 150,250 per tonne on August 8. With the latest reduction, Hindalco’s aluminium wire rod price has come in at INR 160,100 per tonne, while earlier the price was at INR 161,350 per tonne on August 8 – a decrease of INR 1,250 per tonne or 1 per cent. The company’s aluminium billet price is now at INR 156,100 per tonne versus INR 157,350 per tonne on August 8. Like any other major Indian aluminium producers, Hindalco links its aluminium prices to the three-month futures of the metal on the London Metal Exchange. In the...
The British metal tycoon, Sanjeev Gupta owned Liberty House Group, part of GFG Alliance, has hinted their interest in acquiring Alcoa’s San Ciprián aluminium smelter in Spain, as per Industry sources. Alcoa has already declared an informal process with the workers’ representatives to discuss collective dismissals at San Ciprián on 28 th May’20. This is not the first time Sanjeev Gupta has shown interest in the acquisition of closedown metal plants. However, Alcoa management announced in the previous week that the formal consultation period for collective staff dismissals at the Spanish aluminium smelter ended on 4 th August’20 without any agreement with the workers’ representatives. The Industry sources said: “We hear that Liberty is interested in it and happy to step in and buy it. It...
Vedanta has reduced its aluminium products price after raising the price of same products on 8th August. With effect from Tuesday, 11 August 2020, the prices of some aluminium ingots are in the range of INR 147,750-160,750 per tonne, marking a decline of INR 1,250 per tonne or 0.84% from INR 149,000-162,000 per tonne on August 8. With the latest decline, Vedanta’ billet now stands at INR 155,750 per tonne on August 11, a drop of INR 1,250 per tonne from INR 157,000 per tonne on August 8. 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...
“Press Metal Aluminium Holdings Bhd is expected to post stronger earnings in the next two years as aluminium prices are likely to strengthen on better demand,” according to UOB Kay Hian Research. The research firm has increased its earnings forecasts for Press Metal for the financial years ending 31 st Dec’20 (FY20) and FY21 by 4% and 16%, respectively, to account for higher spot aluminium and alumina prices, which it expects to be partially offset by weaker US dollar against the Malaysian ringgit. UOB Kay Hian said: “It is assuming higher spot aluminium prices of US$1,685 per tonne and US$1,750 per tonne for 2020 and 2021, respectively.” The post complete down period has depicted that London Metal Exchange aluminium prices have been recovering at around US$1,778 per tonne presently from...
Showing grief and disgust, Canada’s manufacturing industry has condemned the new aluminium import tariffs imposed by the Trump Government. They are worried about the adverse economic impact that the tariffs may cause, slowing the recovery from the COVID-19 pandemic. Industry experts and groups, which represent companies whose supply chains rely heavily on aluminium, call the new tariffs “unjustified and unnecessary.” “It’s very disheartening that the U.S. would take this action,” said Dennis Darby, chief executive of the Canadian Manufacturers and Exporters, which represents more than 2,500 manufacturers across the country. “The last thing that any industry needs right now is extra costs,” he added. He fears the tariffs will hurt the efforts putting in for restoring the Canadian and...
Three-month LME aluminium rose 1.34% to end at US$1,783 per tonne on Monday. Open interest declined 2,494 lots to 799,000 lots as shorts reduced positions. As of Monday August 10, LME aluminium cash (bid) price stands at US$ 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$ 1840.50per tonne, and Dec 21 offer price stands at US$ 1840.50per tonne. The LME aluminium opening stock stood at 1621400 tonnes. Live Warrants totalled 1372025 tonnes, and Cancelled Warrants were 249375 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1760.53per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE decreased to stand...
The A00 aluminium ingot price has continued to decline in China by RMB 110 per tonne to stand at RMB 14,470 per tonne, as of Tuesday, August 11, according to the Shanghai Metals Market. Data shows the average prices are expected to range between RMB 14,450 per tonne and RMB 14,490 per tonne, with spot contract to be traded at a premium price of RMB 70-110 per tonne, up by RMB 20 per tonne from the previous day. Linyi has seen the highest downfall in primary aluminium ingot price today among all other major Chinese cities. In Linyi, the price has decreased by RMB 170 per tonne to RMB 14,610 per tonne, followed by the decline of RMB 140 per tonne in Gongyi to RMB 14,450 per tonne. The price in Wuxi and Hangzhou has declined by RMB 120 per tonne to come in at RMB 14,470 per tonne, while that...
The announcement for the imposition of 10% surtax on Canadian aluminium by the Donald Trump administration has incited strong reactions from Canada. The management of Alcoa Canada that has been operating an aluminium smelter in Baie-Comeau, is highly disappointed with this decision as it will unsettle markets. Michel Desbiens, the President of the union at the Baie-Comeau plant said: “Enough of this uncertainty that hangs over year after year. This is the second time that these tariffs have been imposed on Canadian aluminium production. They were lifted in May 2019 after being in effect for a year.” Desbiens also said: "It's getting tiring to always have a sword of Damocles over your head repeatedly since the start of President Trump's mandate. Especially since, what he wants to do, it...
