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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Balancing between “lives and livelihoods” is what we are learning during the crises of the COVID-19 pandemic as it has brought an unprecedented shock to many industries and the global economy as a whole. Needless to say, the aluminium industry is no different, with adverse impacts on profitability due to disparity between production and consumption and low selling prices. At this time, surviving in the industry with sustainable operation has become a major challenge for most businesses. However, to confront this together, AlCircle has come up with yet another futuristic theme e-Magazine on the topic “ Covid-19 Impact: Importance & Emergence of Industry 4.0 ”. This e-Magazine is aimed at providing you with all the necessary information and suggestion on how the implementation of Industry...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased slightly this week. Inventories stood 712,000 tonnes as of Thursday July 30, up 10,000 tonnes from last Thursday. The chart below shows the current status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Shanghai, Nanhai and Tianjin increased by 6,000 tonnes, 8,000 tonnes and 2,000 tonnes to 118,000 tonnes, 182,000 tonnes and 58,000 tonnes as of Thursday July 30. Stocks in Linyi remained unchanged at 5,000 tonnes. Inventories of aluminium in Wuxi, Hangzhou, Gongyi and Chongqing stood at 214,000 tonnes, 95,000 tonnes, 37,000 tonnes and 3,000 tonnes. That was down 2,000 tonnes, 2,000 tonnes,...
Three-month LME aluminium weakened 0.17% to US$1,724.5 per tonne in choppy trading on Thursday. It is expected to move between US$1,710-1,750 per tonne today. As of Thursday July 30, LME aluminium cash (bid) price stands at US$ 1681.50 per tonne, LME official settlement price stands at US$ 1681.50 per tonne; 3-months bid price stands at US$ 1719 per tonne, 3-months offer price is US$ 1719per tonne; Dec 21 bid price stands at US$ 1798 per tonne, and Dec 21 offer price stands at US$ 1798 per tonne. The LME aluminium opening stock stood at 1643125 tonnes. Live Warrants totalled 1382325 tonnes, and Cancelled Warrants were 260800 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1729.86per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to...
A00 aluminium ingot price remained unchanged at RMB 14990 per tonne. The price is expected to move within a range of RMB 14970-15010 per tonne. Aluminium ingot price in Foshan registered an increase of RMB 10 per tonne from Thursday’s price of RMB 14930 per tonne. The price now stood at RMB 14940 per tonne on Friday, 31 July 2020 and is expected to move within a range of RMB 14920-14960 per tonne. In Wuxi and Chongqing, aluminium ingot price did not show any movement today. The prices remained unchanged at RMB 14990 per tonne and 14880 per tonne. Aluminium ingot prices in Hangzhou, Linyi and Gongyi stood at RMB 14990 per tonne, RMB 14930 per tonne and RMB 14865 per tonne on Friday, 31 July 2020. That was down by RMB 10 per tonne, RMB 10 per tonne and RMB 25 per tonne. In Shenyang and...
TRIMET Aluminium SE to engage in the “Aluminium Electrolysis 4.0” project. In collaboration with the University of Wuppertal, the materials expert is developing innovative concepts for more efficient production of aluminium in fused-salt electrolysis and for transforming aluminium production to the power supply through renewable energies. The major focus is to reduce CO2 emissions by enhancing operational energy efficiency. A large number of aluminium electrolysis process optimizations are being researched and tested. The method developed by TRIMET to make aluminium electrolysis more flexible, which the company is presently testing on an industrial scale. The primary outcome of the research project exhibit that energy can be saved and efficiency increased by optimizing cathode design,...
On Wednesday, July 29, PyroGenesis Canada Inc. reported that its revenue doubled in just three months of the second quarter of 2020 ended June 30, as its contract with waste management company Drosrite International LLC paid off. From C$913,769 in Q2 2019, PyroGenesis’ revenue increased to C$2.1 million over the year. Drosrite sales in the quarter were more than C$1.3 million. The company’s comprehensive income came in at $C5.2 million, more than quadruple the C$2.3 million it saw a year earlier. Cash in hand also increased at the end of the quarter from C$34,431 at the end of December to C$1.5 million. PyroGenesis Canada manufactures and sells aluminium dross processing Drosrite systems and technology to Saudi Arabia and other Middle Eastern countries. Aluminium dross is a by-product of...
Hindalco Industries Ltd has raised its aluminium products price for the second time in a row. With effect from Thursday July 30, Hindalco aluminium ingots price now stands at INR 145,250 per tonne, an increase of 1.4% or INR 2,000 per tonne from INR 143,250 per tonne on July 24. The company is now selling its wire rods and billets at INR 156,350 per tonne and INR 152,350 per tonne with effect from Thursday, 30 July 2020, marking a growth of INR 2,000 per tonne each from July 24. 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...
Three-month LME aluminium hit a new five-month high of US$1,730 per tonne earlier in the session and ended a tad firmer at US$1,727.5 per tonne on Wednesday. Open interest for the contract shrank to 794,000 lots. It is likely to move between US$1,710-1,750 per tonne today. As of Wednesday July 29, LME aluminium cash (bid) price stands at US$ 1687per tonne, LME official settlement price stands at US$ 1687per tonne; 3-months bid price stands at US$ 1726.50per tonne, 3-months offer price is US$ 1726.50per tonne; Dec 21 bid price stands at US$ 1809per tonne, and Dec 21 offer price stands at US$ 1809per tonne. The LME aluminium opening stock stood at 1648775 tonnes. Live Warrants totalled 1383225 tonnes, and Cancelled Warrants were 265550 tonnes. LME aluminium 3-months Asian Reference Price is...
The A00 aluminium ingot price has jumped by RMB 210 per tonne on Thursday, July 30, to stand at RMB 14,990 per tonne, marking the fourth consecutive hike this week, found the Shanghai Metals Market. Limited supplies and fair consumption of primary aluminium ingots, resulting in incessant drops in primary aluminium inventories in China market, could be attributed to the uptrend in A00 aluminium ingot price. The average prices today are expected to range between RMB 14,970 per tonne and RMB 15,010 per tonne, with spot contract to be traded at a premium price of RMB 40-80 per tonne, down by RMB 40 per tonne from the previous day. In Chongqing, the A00 aluminium ingot price has grown by RMB 215 per tonne to hover at RMB 14,880 per tonne, while that in Foshan, Hangzhou, and Shenyang has...
Basil Walker, a Queenstown entrepreneur stated that he is standing as an independent candidate in the Invercargill electorate at the September’20 general election on a platform of trying to save the Tiwai aluminium smelter from closing. Walker said: “The main issue facing the smelter was the high transmission costs it faced.” The Queenstown entrepreneur desired a New Zealand entity, yet to be determined, to acquire the smelter and buy the Transpower transmission lines, which take electricity from the Manapouri power station to the smelter, so the transmission costs could be reduced by tens of millions of dollars. “That would bring the smelter into profitability,’’ he said. As per Walker in 2017 he conveyed the idea to Rio Tinto and “they never said go away’’. “In the past couple of...
Rio Tinto reported results for the first half of 2020. The company reported underlying EBITDA of $9.6 billion, 6% lower than 2019 first half, primarily due to lower prices for aluminium and copper, with EBITDA margin of 47%. Net earnings stood at $3.3 billion. That was down 20% from $4.1 billion in the first half of 2019. The company declared an interim dividend of $2.5 billion, equivalent to 155 US cents per share. Revenues for the first six months of the year stood at $19.4 billion, 7% lower than 2019 first half, mainly due to lower prices and volumes for copper and lower aluminium prices. Rio Tinto Chief Executive J-S Jacques said “We have been agile and adapted our way of working, to deliver another resilient performance while navigating the new and ongoing challenges of dealing with...
Finland is often ranked number one for being the happiest country in the world, as the Finns have high incomes, health care for all, and a top education system. The major industries that contribute highly to the economy of Finland are metals and metal products, electronics, machinery and scientific instruments, shipbuilding, pulp and paper, foodstuffs, chemicals, textiles, clothing. The Northern European nation’s aluminium ingot export during 2017-19 has been revealing a consistent growth as the export volume stood at 46,180 tonnes and revenue generations remained to $55.42 million. The projected aluminium ingot export for 2020 has been marked at 19,542 tonnes and the income to reach $25.98 million. When the evaluated export and earnings of 2020 get summed with the existing three years it...
The latest data from the Aluminium Association of Canada reveals that Canada's exports of standard P1020 aluminium to the United States have decreased in July from the previous month. The Association estimates the exports to drop by about 30 per cent at the end of the month. So, from 155,000 tonnes in June, Canada's exports to the US in July are likely to come in at 112,000 tonnes. This downward trend started in June with a month-on-month fall of 16 per cent. So, over the last two months, the total downfall in primary aluminium exports from Canada to the US is estimated to cross 40 per cent, indicating a recovery in demand for Value Added Products (VAP). Production at aluminium smelters in North America shifted from Value Added Products to P1020 during the initial months of 2020 in...
Nonferrous metals on the LME mostly increased, and the US dollar index halted its continuous declines and advanced 0.13 per cent. Three-month LME aluminium strengthened 0.91 per cent to end at US$ 1,725.50 per tonne on Tuesday, July 28, after hitting its highest in nearly five months at US$ 1,728 per tonne earlier in the session. It is likely to move at US$ 1,700-1,740 per tonne today. Both LME aluminium cash (bid) price and LME official settlement price, as of Tuesday, increased by US$ 9.5 per tonne to stand at US$ 1671 per tonne. 3-months bid price and 3-months offer price stood at US$ 1709 per tonne, up by US$ 8.5 per tonne from US$ 1700.50 per tonne on July 27. Dec 21 bid price and Dec 21 offer price came in at US$ 1793.50 per tonne compared to US$ 1784.50 per tonne on the previous...
The leading global aluminium producer, Rusal, has released its operating results for the second quarter of 2020. The company reported that its aluminium production in Q2 2020 dropped by 1.4 per cent from the earlier quarter to 927,000 tonnes, Siberian smelters representing 93 per cent of the output. Rusal’s aluminium sales, on the other hand, increased by 6.8 per cent quarter-on-quarter to 976,000 tonnes in Q2 2020, amid the downfall in production. However, the sales of value-added products declined by 14 per cent Q-o-Q to 363,000 tonnes, demonstrating a decline of VAP share in total sales mix to 37 per cent versus 46 per cent in Q1 2020, owing to the COVID-19 pandemic. Backed on the diversified client base, Rusal successfully adjusted the regional sales geography in line with the new...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued to trend lower over the weekend. Inventories stood 699,000 tonnes as of Monday July 27, down 3,000 tonnes from last Thursday July 23. The chart below shows the current status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Wuxi, Gongyi and Hangzhou dropped by 3,000 tonnes, 3,000 tonnes and 1,000 tonnes to stand at 213,000 tonnes, 35,000 tonnes and 96,000 tonnes on Monday July 27 2020. Stocks in Nanhai, Tianjin and Linyi remained unchanged at 174,000 tonnes, 56,000 tonnes and 5,000 tonnes. Inventories of aluminium in Shanghai increased by 5,000 tonnes to 117,000 tonnes while stock in...
Prebaked anode exports by China totalled 796,500 tonnes in the first half of 2020, up 23.4 per cent from a year earlier, found the latest customs data. The exports were barely hit by the COVID-19 outbreak as producers increased shipments to overseas to minimize the buildup inventory. However, for the second half of the year, SMM expects China’s exports of prebaked anode to slow down amid a decline in orders as some of the foreign aluminium smelters have reduced their capacity in response to the bleak market due to the continued spreading of coronavirus. Customs data showed that China’s prebaked anode exports in the month of June stood down month-on-month by 30.95 per cent and year-on-year by 12.78 per cent to 114,000 tonnes. Canada, Russia, and Malaysia were the top three importers in...
Three-month LME aluminium rose 0.77% to end at a new more than four-month high of US$1,710 per tonne on Monday in choppy trading. It is likely to move at US$1,690-1,730 per tonne today. As of Monday July 27, LME aluminium cash (bid) price stands at US$ 1661.50 per tonne, LME official settlement price stands at US$ 1661.50 per tonne; 3-months bid price stands at US$ 1700.50 per tonne, 3-months offer price is US$ 1700.50 per tonne; Dec 21 bid price stands at US$ 1784.50 per tonne, and Dec 21 offer price stands at US$ 1784.50 per tonne. The LME aluminium opening stock stood at 1668500 tonnes. Live Warrants totalled 1388025 tonnes, and Cancelled Warrants were 280475 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1702.76 per tonne. SHFE Aluminium Price Trend Benchmark...
