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 United States-based primary aluminium producer Century Aluminium Company announced its second quarter results on Wednesday, August 5, mentioning an increase in primary aluminium shipments by 3.65 per cent quarter-on-quarter. According to the report, the shipments in Q2 2020 increased from 202,905 tonnes in Q1 to 210,309 tonnes. Net sales, however, reflected a downtrend from $421.2 million in Q1 to $401.9 million in Q2, primarily attributing to lower LME prices and regional premiums. Century’s shipments from the United States were 130,645 tonnes in Q2 versus 129,114 tonnes in Q1, while its shipments from Iceland were 79,664 tonnes in comparison with 73,791 tonnes in Q1. The company's sales in the United States decreased from $273.8 million in Q1 to $246.6 million in Q2, but that in...
The A00 aluminium ingot price has recorded a steep fall of RMB 270 per tonne today, August 6, to RMB 14,650 per tonne, found the Shanghai Metals Market data. The average prices are expected to range between RMB 14,630 per tonne and RMB 14,670 per tonne, with spot contract to be traded at a premium price of RMB 10-50 per tonne. Foshan and Chongqing have seen the highest decline today of RMB 280 per tonne to RMB 14,590 per tonne and RMB 14,530 per tonne, respectively, followed by Wuxi, where the price has plunged by RMB 270 per tonne to RMB 14,650 per tonne. In Gongyi and Tianjin, the price has decreased by RMB 245 per tonne and RMB 240 per tonne to RMB 14,575 per tonne and RMB 14,670 per tonne, respectively. The A00 aluminium ingot price in Shenyang and Hangzhou has grown by RMB 235 per...
The US dollar was under pressure on Wednesday, August 5, from a towering euro and crumbling US yields, as the latest coronavirus relief package got bogged down in Congress and investors braced for a bumpy ride to economic repair. Three-month LME aluminium shed 0.42 per cent to end at US$ 1,760.5 per tonne on Wednesday in choppy trading. Open interest added 10,443 lots to 797,000 lots as shorts added positions. Both LME aluminium cash (bid) price and LME official settlement price, as of Wednesday, August 5, jumped from US$ 1709.50 per tonne to US$ 1739 per tonne, marking the highest in last six months. 3-months bid price and 3-months offer price stood at US$ 1778.50 per tonne, registering a hike of US$ 30 per tonne from US$ 1748.50 per tonne on August 4. Dec 21 bid price and Dec 21 offer...
The Indian aluminium industry body, Aluminium Association of India (AAI), on 4 th August’20, appealed to the Finance Minister and Commerce Minister of the country to sustain with the processing of MEIS (Merchandise Exports from India Scheme) applications through DGFT MEIS Portal and continuation of MEIS scheme with improved rate from 2% to 5% for all aluminium products to abide the current economic situation. The letter was sent to evoke the Government anticipating slashing the fund's outlay for MEIS (Merchandise Exports from India Scheme) from around INR 45,000 crore in FY 2019-20 to INR 9,000 crore for April-December’20 and diverting these funds for other purposes. Onwards 23 rd July, the DGFT has also blocked the MEIS module from accepting new applications to limit the issuance of any...
Vedanta hikes its aluminium products price for the third time in a row. With effect from Wednesday, 05 August 2020, the prices of some aluminium ingots are in the range of INR 146,500-159,500 per tonne, an increase of 1.74% or INR 2,500 per tonne from INR 144,000-157,000 per tonne on July 30. With the latest hike, Vedanta’ billet now stands at INR 154,500 per tonne on August 5, a rise of INR 2,500 per tonne or 1.64% from INR 152,000 per tonne on July 30. 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 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...
As the aluminium industry is evolving rapidly across the world with fast-paced developments taking place in its entire value chain, and more so now due to the COVID-19 outbreak, it would be completely worthwhile to take a look at some of the potential trends and developments in the global aluminium sector that are likely to emerge in this decade. So, here is AlCircle’s new Sector Focus Report on the topic - “ Global Aluminium Industry – Key Trends to 2030” . 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 the sectors starting from bauxite to recycled aluminium. Technology & Industry 4.0 has certainly got a special attention in the report, as it...
Hindalco Industries Limited has extended its aluminium ingot and aluminium product price hike for the third time in a row with effect from Wednesday, August 5. According to the price listed by Hindalco, the aluminium ingot price is now standing at INR 147,750 per tonne, up by INR 2,500 per tonne or 1.72 per cent from INR 145,250 per tonne on July 30. The price of Hindalco’s aluminium wire rod is now at INR 158,850 per tonne, registering a hike of INR 2,500 per tonne or 1.60 per cent from INR 156,350 per tonne. The company’s aluminium billet price has also been raised by the same amount or 1.64 per cent from INR 152,350 per tonne to INR 154,850 per tonne. Like any other major Indian aluminium producers, Hindalco links its aluminium prices to the three-month futures of the metal on the...
Three-month LME aluminium finished the day 1.35% firmer at $1,768 per tonne on weaker US dollar index. As of Tuesday August 4, LME aluminium cash (bid) price stands at US$ 1709.50 per tonne, LME official settlement price stands at US$ 1709.50 per tonne; 3-months bid price stands at US$ 1748.50 per tonne, 3-months offer price is US$ 1748.50 per tonne; Dec 21 bid price stands at US$ 1825.50 per tonne, and Dec 21 offer price stands at US$ 1825.50 per tonne. The LME aluminium opening stock stood at 1642050 tonnes. Live Warrants totalled 1383175 tonnes, and Cancelled Warrants were 258875 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1744.50 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to stand at US$ 2148 per tonne on Wednesday, 5...
World’s largest aluminium producer, China Hongqiao Group has left the International Aluminium Institute (IAI) within four years of joining the international body of the green metal. The progress depicts that the Chinese aluminium giant has subdued ranks with a body that represented companies producing more than 60% of the metal and its raw materials bauxite and alumina worldwide, before Hongqiao’s departure. China Hongqiao has aluminium smelting capacity to produce 6.5 million tonnes annually. The aluminium company became an IAI member in 2016 and employs Ron Knapp, former IAI Secretary-General as an advisor to the Chinese aluminium company’s Chairman, Zhang Bo. Ron Knapp has confirmed that Hongqiao had resigned from the IAI, but refused to comment anything further. “What Hongqiao is...
Alro SA, one of the biggest vertically integrated aluminium producers of Romania and as well as in Europe, published its third Consolidated Sustainable Value Report for 2019, that delivers a transparent and detailed overview of the Group's efforts around the key environmental, social and governance areas that are important to its investors, employees, customers and other stakeholders. In the context of the latest legislative changes at European level, the Group is committed to comply to and adapt its development strategies and programs. Marian NĂSTASE, Chairman of the Board of Directors of ALRO, said: “In 2019 we continued to implement measures, to create systems and to make progress in integrating sustainability into everything we do, with the ambition of becoming a green factory,...
Three-month LME aluminium closed 2.02 per cent higher at US$ 1,744.5 per tonne on Monday, August 3. Both LME aluminium cash (bid) price and LME official settlement price, as of Monday, August 3, decreased by US$ 6 per tonne to stand at US$ 1679.50 per tonne. 3-months bid price and 3-months offer price stood at US$ 1718.50 per tonne, registering a downfall of US$ 3.5 per tonne from US$ 1722 per tonne on July 31. Dec 21 bid price and Dec 21 offer price remained restrained at US$ 1796 per tonne. The LME aluminium opening stock decreased from 1637425 tonnes to 1632175 tonnes. Live Warrants hovered at 1375600 tonnes, while Cancelled Warrants at 256575 tonnes. LME aluminium 3-months Asian Reference Price stood at US$ 1709.09 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for...
National Aluminium Company Limited (NALCO) has increased its aluminium products price for second time in a row. With effect from Saturday August 1, NALCO's aluminium ingots price stood at INR 145,700 – 149,150 per tonne, registering a hike of INR 200 or 1.39 per cent from INR 143,700-147150 per tonne on July 24. The company is selling its aluminium billets at INR 149,350- 151,750 per tonne. The aluminium wire rods price came in at INR 149,150-153,500 per tonne. 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 so far in 2020 due to slower global demand following the coronavirus outbreak. NALCO’s aluminium products and alumina account for nearly two-thirds of the...
The latest report from the United States Geological Survey shows the primary aluminium output in the US in May 2020 stood at 96,000 tonnes, up 4,000 tonnes or 4.35 per cent from 92,000 tonnes in April. On a year-on-year comparison, the production in the US in May stood higher by 2,000 tonnes or 2.13 per cent. The average daily production in May 2020 was 3,090 tonnes, essentially unchanged from that in April 2020 but slightly more than that in May 2019. In April 2020, the average daily primary aluminium production in the US was 3,060 tonnes and in May 2019 was 3,040 tonnes. However, in comparison with May 2018, the daily production in May this year was 31 per cent higher. Total aluminium recovered from scrap in May 2020 was 231,000 t, 6 per cent less than the amount in April 2020, 19 per...
US dollar plunged last week. Nonferrous metals prices on the LME were mixed on Friday July 31. LME aluminium fell 0.84%. Three-month LME aluminium closed 0.84% weaker at US$1,710 per tonne on Friday in choppy trading. As of Friday July 31, LME aluminium cash (bid) price stands at US$ 1685.50 per tonne, LME official settlement price stands at US$ 1685.50 per tonne; 3-months bid price stands at US$ 1722 per tonne, 3-months offer price is US$ 1722 per tonne; Dec 21 bid price stands at US$ 1796 per tonne, and Dec 21 offer price stands at US$ 1796 per tonne. The LME aluminium opening stock stood at 1637425 tonnes. Live Warrants totalled 1382325 tonnes, and Cancelled Warrants were 255100 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1727.51per tonne. SHFE Aluminium...
According to the Shanghai Metals Market, the prebaked anode price in East China has recorded a hike of RMB 180 per tonne to stand at RMB 2,930 per tonne on August 3, marking a rise in the last one month since an increase of RMB 80 per tonne to RMB 2,750 per tonne on July 1, 2020. The average prices are expected to range between RMB 2,760-3,100 per tonne. In the central, the price has grown by RMB 235 per tonne to come in at RMB 3,045 per tonne on August 3. The average prices are expected to range between RMB 2,890-3,200 per tonne. But despite the surge in the prebaked anode price, the A00 aluminium ingot price has shrunk by RMB 110 per tonne to RMB 14,880 per tonne, as of August 3, following a restraint at RMB 14,990 per tonne on July 31. The average prices are expected to range between...
Three-month LME aluminium rose 0.77 per cent to end at a new more than four-month high of US$1,710 per tonne on Monday, July 27, in choppy trading. On July 28, it strengthened 0.91 per cent to end at US$ 1,725.50 per tonne, after hitting its highest in nearly five months at US$ 1,728 per tonne earlier in the session. On Wednesday, the price closed a tad firmer at US$1,727.5 per tonne, following a new five-month high of US$1,730 per tonne in the session earlier. On Thursday, three-month LME aluminium weakened 0.17% to US$1,724.5 per tonne. Both LME aluminium cash (bid) price and LME official settlement price trended up this week during July 27-31 from US$ 1661.50 per tonne to US$ 1685.50 per tonne. Starting the week on Monday, July 27 at US$ 1661.50 per tonne, the prices moved up to US$...
Vedanta Limited has continued to hike its aluminium ingot and aluminium product prices, following the growth on July 24. The latest hike in price came into effect on July 30, marking the second consecutive increase in Vedanta’s aluminium prices. Vedanta is now selling its aluminium ingot at INR 144,000-157,000, up INR 2,250 per tonne or 1.59 per cent from INR 141,750-154,750. Vedanta’s aluminium wire rod selling price is at INR 151,500-159,000 per tonne, higher by INR 2,250 per tonne or 1.51 per cent from INR 149,250-156,750. Vedanta’s aluminium billet price has also been raised by INR 2,250 per tonne or 1.50 per cent from INR 149,750 on July 24 to INR 152,000 per tonne. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on the...
Klaveness Digital, the Norwegian technology company that assist shipping and logistics into the future to empower industrial companies to make better-informed decisions, delivered a solution that improvised Alba to arrange their shipments more methodically, evading collisions during berth and will give provide them live updates on the estimated time of arrivals. Aluminium Bahrain B.S.C. (Alba) invariably ranks as one of the largest and most modern aluminium smelters in the world based in the Kingdom of Bahrain and is a major contributor to the social, industrial and economic development of the Kingdom. Presently Alba is employing over 3000 people and importing the major raw material dry bulk of about 3 million metric tonnes annually. The challenge Alba was facing is the composite manual...
