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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Shanghai Metals Market found China’s primary aluminium production rose by 1.83 per cent year-on-year to 3.12 million tonnes in July 2020. On a month-on-month basis, the output edged higher by 4 per cent from 3 million tonnes in June 2020. Data shows there were 41.41 million tonnes among 41.23 million tonnes per year of existing primary aluminium capacity in operation at the end of July. This increased by 12.65 per cent from 36.76 million tonnes of capacity in operation in June-end. Operating rates hiked by 0.5 percentage point to 89.5 per cent as increase in primary aluminium ingot prices encouraged newly commissioned and resumed capacities to ramp up. In the first seven months of the year, China’s primary aluminium output amounted to 21.13 million tonnes, up by 2.76 per cent from the...
Aluminium Bahrain (Alba) supports Bahrain's COVID-19 mitigation efforts, developing and fostering its community engagement initiatives. It covers support to the ‘Convalescent Plasma Donation Programme’ at the BDF Royal Medical Services (BDFRMS), led by Major General (Prof) Shaikh Khalid bin Ali Al-Khalifa, Director of the Royal Medical Services. Mr. Ali Al Baqali, CEO of Alba, and Mr. Mohd. Khalil, Director of Safety, Health and Environment at Alba, met with Brigadier Dr. Abdulla Darwish, Technical Assistant to the Director of the Royal Medical Services at the Bahrain Defence Force (BDF) Hospital, to strengthen collaboration on the coronavirus (COVID-19) response. Alba’s Chief Executive Officer Mr. Ali Al-Baqali said: “We are all in this together. It is a matter of great pride for Alba to...
A00 aluminium ingot price registered a drop after an increase of RMB 70 per tonne. The price reduced by RMB 140 per tonne to stand at RMB 14580 per tonne on Monday, 10 August 2020 and is expected to move within a range of RMB 14560-14600 per tonne. In Foshan and Wuxi, the price declined by RMB 150 per tonne and RMB 140 per tonne to stand at RMB 14480 per tonne and RMB 14590 per tonne. Their average prices are expected to range within RMB 14460-14500 per tonne and RMB 14580-14600 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 14590 per tonne and 14440 per tonne, down RMB 150 per tonne and RMB 135 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi dropped to stand at RMB 14610 per tonne, RMB 14600 per tonne, RMB 14780 per tonne, and RMB 14590 per...
Three-month LME aluminium fell by 1.04 per cent to end at US$ 1,759.5 per tonne on Friday as the dollar index strengthened. Open interest added 2,430 lots to 802,000 lots as longs added positions. The contract is likely to trade between US $1,740-1,800 per tonne today. As of Friday, August 7, both LME aluminium cash (bid) price and LME official settlement price stood at US$ 1744 per tonne, up by US$ 22 per tonne from to US$ 1722 per tonne on August 6. 3-months bid price and 3-months offer price rebounded to US$ 1780 per tonne, following a downfall of US$ 21.50 per tonne to US$ 1758.50 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 declined from 1632325 tonnes to 1626850 tonnes. Live Warrants hovered...
Canada has declared $2.7 billion tariffs on US aluminium products following the day after US President Donald Trump imposed a 10% tariff on some Canadian aluminium products. However, Canada and the USA outstretched a deal last year to lift tariffs on aluminium imports that had been enforced on grounds of national security. On 6 th August’20, Trump administration reinstituted them to protect the US industry. The retaliatory tariff declared by Canada will start its effect from 16 th September’20. The counter steps were made public after Deputy Prime Minister Chrystia Freeland formerly promised a "dollar-for-dollar" fight. She said: "At a time when we are fighting a global pandemic. A trade dispute is the last thing anyone needs - it will only hurt the economic recovery on both sides of the...
Vedanta has raised its aluminium products price after cutting it on 7th August. With effect from Saturday, 08 August 2020, the prices of some aluminium ingots are in the range of INR 149,000-162,000 per tonne, an increase of INR 2,000 per tonne from INR 147,000-160,000 per tonne on August 7. With the latest hike, Vedanta’ billet now stands at INR 157,000 per tonne on August 8, a rise of INR 2,000 per tonne from INR 155,000 per tonne on August 7. 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 fourth quarter of FY20...
National Aluminium Company Limited has continued to increase its aluminium ingots and products prices for the third time in a row, with effect from Friday, August 7, 2020. Nalco’s aluminium ingots price is now standing at INR 148,750-152,250 per tonne, up by INR 3050-3100 per tonne or 2.09 per cent from INR 145,700 – 149,150 per tonne on August 1. The price of aluminium wire rods has also been raised by INR 3,100 per tonne or 2.08 per cent from INR 149,150-153,500 per tonne to INR 152,250-156,600 per tonne. Nalco, on the other hand, is selling its aluminium billets price at INR 152,200-154,850 per tonne since the latest hike. This registers an increase of INR 2,850-3,100 per tonne or 1.9-2.04 per cent from INR 149,350- 151,750 per tonne on August 1. Like any other major Indian aluminium...
The American President Donald Trump on 6 th August’20 declared the re-impose of Section 232 aluminium tariffs on Canada to stop an unusual surge of imports from Canada. Over the past twelve months, Canada’s imports of unalloyed primary aluminium to the United States have increased by over 95%. Michael Bless, President and CEO, Century Aluminum Company, praised the President’s action: “President Trump’s action demonstrates this administration’s continued dedication to restoring the U.S. aluminium industry and American jobs. As policymakers focus on shoring up our manufacturing base and enhancing supply chain resiliency, the President’s leadership helps to secure continued domestic production of this vital strategic material and level the playing field for thousands of American aluminium...
Hindalco Industries Ltd reduced its aluminium products price after raising it for the fourth time in a row. With effect from Friday August 7, Hindalco aluminium ingots price now stands at INR 148,250 per tonne, a decrease of 1% or INR 1,500 per tonne from INR 149,750 per tonne on August 6. The company is now selling its wire rods and billets at INR 159,350 per tonne and INR 155,350 per tonne with effect from Friday August 7 2020, registering a decline of INR 1,500 per tonne each from August 6. 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 declined so far in 2020 due to slower global demand following the coronavirus outbreak but have come off their recent lows....
A further decision on the future of the Tiwai Point aluminium smelter will be announced to staff in four to six weeks, as stated by Forsyth Barr, a New Zealand owned investment management services firm. The Tiwai aluminium smelter’s majority stakeholder, Rio Tinto, announced in June’20 that it planned to pull down the smelter by August’21 after failing to reach an agreement over the desired reduction in its power bills. Forsyth Barr said: “Electricity industry investors should assume the smelter would close by the end of August next year and that anything else would be an upside.” The New Zealand Government turned rigid that there would be no further government funds going into the smelter and that it would rather support Southland in creating new opportunities for the 1000 staff and...
Following the United States announcement to restore the 10 per cent tariffs on Canadian non-alloyed unwrought aluminium, Canada has decided to retaliate with counter tariffs on the US. The news came after Deputy Prime Minister of Canada Chrystia Freeland said in a statement that Canada intends to swiftly impose dollar-for-dollar countermeasures, in response to the American tariffs. She called the United States new tariffs “unwarranted and unacceptable,” noting that Canadian aluminium does not undermine U.S. national security but strengthens it. She added that these tariffs were the last thing that American and Canadian workers needed during the COVID-19 pandemic and ensuing economic crisis. According to Chrystia Freeland, the tariffs would bring in another toll on workers and regional...
On Thursday, August 6, the US President Donald Trump declared to reimpose 10 per cent tariffs on non-alloyed unwrought aluminium imported from Canada, as a measure to protect the US aluminium industry. Speaking in Ohio, Trump said these tariffs were necessary to defend the US aluminium industry as the imports from Canada surged above historical levels in recent months, despite a drop in US demand. The office of the United States Trade Representative pointed out that in May 2019, Canada was exempted from tariffs "on the basis of an agreement that imports of steel and aluminium products from Canada would remain at historical levels." In 2018, the US had imposed an additional 25 per cent tariffs on steel and 10 per cent on aluminium from Canada and other countries, which fuelled a...
Hindalco Industries Ltd has raised its aluminium products price for the fourth time in a row. With effect from Thursday August 6, Hindalco aluminium ingots price now stands at INR 149,750 per tonne, an increase of 1.35% or INR 2,000 per tonne from INR 147,750 per tonne on August 5. The company is now selling its wire rods and billets at INR 160,850 per tonne and INR 156,850 per tonne with effect from Thursday, August 6 2020, registering a hike of INR 2,000 per tonne each from August 5. 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 declined so far in 2020 due to slower global demand following the coronavirus outbreak but have come off their recent lows. Aluminium...
Vedanta has raised its aluminium products price for the fourth time in a row. With effect from Thursday, 06 August 2020, the prices of some aluminium ingots are in the range of INR 148,500-161,500 per tonne, an increase of INR 2,000 per tonne from INR 146,500-159,500 per tonne on August 5. With the latest hike, Vedanta’ billet now stands at INR 156,500 per tonne on August 6, a rise of INR 2,000 per tonne from INR 154,500 per tonne on August 5. 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 fourth quarter of FY20 by...
The dollar rose on Thursday, taking a breather from its recent weakness. LME aluminium strengthened 0.99%. Three-month LME aluminium ended 0.99% higher on Thursday. The price stood at US$1,778 per tonne. As of Thursday August 6, LME aluminium cash (bid) price stands at US$ 1722 per tonne, LME official settlement price stands at US$ 1722 per tonne; 3-months bid price stands at US$ 1758.50 per tonne, 3-months offer price is US$ 1758.50 per tonne; Dec 21 bid price stands at US$ 1834.50 per tonne, and Dec 21 offer price stands at US$ 1834.50 per tonne. The LME aluminium opening stock stood at 1632325 tonnes. Live Warrants totalled 1374550 tonnes, and Cancelled Warrants were 257775tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1768.95per tonne. SHFE Aluminium Price...
Following a steep fall last day, on August 6, the A00 aluminium ingot price has recorded a hike of RMB 70 per tonne to stand at RMB 14,720 per tonne, as of August 7, found Shanghai Metals Market. The average prices are expected to range between RMB 14,700 per tonne and RMB 14,740 per tonne, with spot contract to be traded at a premium price of RMB 30-70 per tonne, up by RMB 20 per tonne from the previous day. Among the major Chinese cities, Gongyi has seen a maximum surge in A00 aluminium ingot price of about RMB 165 per tonne to come in at RMB 14,740 per tonne. Wuxi has seen a growth of RMB 80 per tonne to RMB 14,730 per tonne, followed by Shenyang and Linyi, where the price has increased by RMB 75 per tonne and RMB 60 per tonne to respectively stand at RMB 14,735 per tonne and RMB...
According to Shanghai Metals Market, the social inventories of primary aluminium have extended their hike across eight major consumption areas in China, including SHFE warrants, on Thursday, August 6. The inventories have increased by 13,000 tonnes this week to come in at 725,000 tonnes versus the rise of 10,000 tonnes on last Thursday, July 30. The chart below indicates the current status of primary aluminium inventories across China in more details: However, except Nanhai and Hangzhou, the increase in primary aluminium inventories has not touched upon all the major Chinese cities. In Nanhai, the social inventories of primary aluminium have grown by 20,000 tonnes to come in at 202,000 tonnes and that in Hangzhou have inched up by 3,000 tonnes to stand at 98,000 tonnes. In Gongyi,...
The last meeting of the formal consultation period for collective dismissal at the Alcoa’s San Ciprián aluminium plant in Spain ended on 4 th August’20, without an agreement with the workers’ representatives. As per the Spanish regulations, Alcoa has up to 15 days as grace period from the end of the consultation period to announce a decision regarding the smelter’s 228,000 metric tonnes of annual capacity. Alcoa and the San Ciprián Works Council have been meeting throughout the formal consultation period, which began on 25 th June’20, to discuss a proposed restructuring that aims to stop persistent and recurring financial losses at the smelter and find a solution for both the Company and its workers. The Company proposed multiple proposals to the workers’ representatives, including a...
