National Aluminium Company Limited (NALCO) has paid INR 11 billion (USD 114 million) in dividend to the Government of India for FY26, marking the company’s highest-ever payout. The company declared a total dividend of INR 21 billion (USD 219 million) for FY26, including one final dividend and three interim dividends. This represents a 230 per cent payout on equity shares with a face value of INR 5 (USD 0.052) each. The dividend cheque was handed over to Union Minister G. Kishan Reddy at an investor roadshow in Kolkata on September 28, 2026. NALCO reported a profit after tax of INR 58 billion (USD 604 million) for FY26. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade...
LME aluminium prices eased on September 28 after rising in the previous session, with cash and forward contracts moving lower. The Asian Reference Price also declined, while a sharp rise in cancelled warrants pushed live warrants lower. The cash bid slipped 0.15 per cent to USD 3,248 per tonne from USD 3,253 per tonne , while the cash offer fell 0.17 per cent to USD 3,248.50 per tonne from USD 3,254 per tonne. Three-month aluminium prices followed the weaker trend. The bid dropped 0.41 per cent to USD 3,251.50 per tonne from USD 3,265 per tonne, while the offer was down 0.46 per cent to USD 3,252 per tonne compared with USD 3,267 per tonne. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market Forecast to 2036:...
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China’s aluminium production rose to 2.68 million tonnes last month from 2.57 million tonnes in April, and 2.67 million tonnes a year ago, according to the data. Output declined 1.7 per cent in the first five months to 12.62 million tonnes. Chinese smelters, which had pledged to slash production to bolster prices, are bringing back idled capacity after prices rebounded this year. With most producers in the world’s largest supplier enjoying solid margins, output growth will accelerate to 4 per cent year-on-year in the second half, Goldman Sachs Group Inc said in a report earlier this month. China’s fading infrastructure boom has left it saddled with too much capacity after decades of rapid growth. The nation is exporting its surplus at record rates, drawing the ire of international rivals....
Nagpur-based JNARDDC develops detoxifying process that destroys 98 per cent of cyanide from the aluminium waste and converts it into Carbon that can be used in place of coal. Dealing with hazardous waste, especially destroying cyanide contents from Spent Pot Lining (SPL), was a cause of concern for aluminium industry in the country. Nagpur-based Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC) has developed a revolutionary detoxifying process to deal with cyanide contents from SPL and convert it into Carbon of the grade which can be used in place of coal. “Aluminium industry of the country produces about 50,000 tonnes of SPL every year which contains 90 per cent of poisonous cyanide and remaining are valuable materials such as high fuel value carbon,” Dr Upendra...
Aluminium output in China will maintain growth in June due to release of restarted and new capacity, SMM predicts. The country’s operational new aluminium capacity will increase to 300,000-tpy in June. Yunnan Aluminium Co., Gansu Dongxing Aluminium, among other smelters, will restart idled capacity, SMM learned. China’s aluminium output totaled 2.61 million tonnes in May, down 1.1 per cent from a year ago, but up from April’s 2.49 million tonnes, SMM statistics showed.
China will release money supply for May today. Six Chinese aluminium smelters will hold a meeting today to discuss aluminium prices. This will leave SHFE 1608 aluminium moving widely between RMB 11,750-11,970/mt today. A strong dollar will send LME aluminium down to USD 1,560-1,580/mt. In China’s spot aluminium market, spot premiums of RMB 0-40/mt are expected over SHFE 1606 aluminium contract.
Vedanta is planning to acquire coal mines via auctions as the mining conglomerate seeks to ensure fuel security for its energy guzzling aluminium plants. “Numerous initiatives are being taken to meet our coal requirements. We will source our overall coal mix from low-cost imports and auctioned coal to optimise the cost in FY 2016-17. We are also looking to optimise our coal mix further by securing linkage coal through the auction route,” Vedanta Resources said. The government has not yet finalised the dates for holding the fourth round of coal mine auctions, which was annulled in December 2015.
China Aluminum International Trading Co. (Chalco Trading) cut aluminium prices in major markets after the Dragon Boat Festival compared with pre-holiday levels, it said on its WeChat. For details, please see the table below: Unit: yuan/tonne Note: Chalco Trading is a full subsidiary under Chalco responsible for alumina and aluminium sales.
Aluminium prices edged up by INR 1.10 to INR 107.20 per kg in futures trade on Thursday, June 9, as participants enlarged their positions, supported by a strong spot demand in the physical market. In futures trading at the Multi Commodity Exchange, Mumbai, aluminium for delivery this month inched up by INR 1.10 or 1.04 per cent to INR 107.20 per kg in a business turnover of 316 lots. Likewise, the metal for delivery in July traded higher by INR 1.10 or 1.10 per cent to INR 107.95 per kg in 17 lots. Traders said strength in the base metals pack at the London Metal Exchange (LME), spurred by an improving trade outlook in China and monetary stimulus by the European Central Bank and increased domestic demand from consuming industries at the spot markets, helped aluminium futures to trade...
Hydro and the Norwegian University of Science and Technology (NTNU) today signed an agreement to establish a new professorship in aluminium. NTNU Dean Ingvald Strømmen Hydro's Head of Technology Hans Erik Vatne signed the agreement today Hydro is providing up to NOK 10 million for a five-year post to acquire new knowledge and strengthen Norway's leading position in aluminium. With the new professorship, the university is moving to become the world's leading research institution on the application of aluminium. "With this grant from Hydro behind us, we will take the lead in research to create new industrial development in both Norway and the world. If we are to succeed we must be constantly better, more effective and more innovative today than we were yesterday," says the Dean of the...
On June 6-7, U.S. Treasury Secretary Jacob J. Lew and Chinese Vice Premier Wang Yang led the eighth meeting of the Economic Track of the U.S.-China Strategic and Economic Dialogue (S&ED VIII) in Beijing, China. As the Special Representatives of President Barack Obama and President Xi Jinping, Secretary Lew and Vice Premier Wang led discussions with a high-level delegation of Cabinet members, ministers, agency heads, and senior officials from both countries. As the world’s two largest economies, the United States and China share a mutual interest in each other’s economic prosperity, and recognize that enhanced cooperation on the diverse set of issues encompassed in the S&ED is crucial for the health of the broader global economy. During the eighth meeting of the S&ED, the two sides pledged...
According to reports, several global base metals brokers are engaged in discussions with the former CEO of London Metal Exchange on the subject of starting a new trading platform as an alternative to the LME. Several “high-profile LME Category One” traders are believed to be in support of the initiative, which is likely to be spearheaded by former LME CEO Martin Abbott. “There have been lots of conversations, some of them I have been in, some I haven’t, but we have created a study group and now invite people to see if indeed there is sufficient appetite,” explained Abbott. According to the report, higher trading costs at the LME is the main catalyst driving the push for a new trading platform. Several members have gone on record in recent weeks and months stating that higher costs have...
As aluminium prices have whittled away their May gains by the beginning of June, news from a Goldman Sachs report indicates Chinese aluminium output is about to get ramped up again. Bloomberg recently reported that “with most producers in the world’s largest supplier [China] posting solid margins,output growth will accelerate to 4 per cent year-on-year in the second half after contracting 1.7 per cent in the first four months,” according to a Goldman report released Monday. As capacity fires back up, “the bank sees prices dropping to $1,450 a metric ton in three months, $1,400 in six months and to $1,350 in a year, reiterating previous forecasts.” SMM spot aluminium price gained 200 yuan/tonne week-on-week to 12,574 yuan/tonne in the week ending June 3. This expanded profit at smelters in...
Aluminium Bahrain B.S.C. (Alba), the Bahrain-based international aluminium smelter, strengthened its business relations and networking opportunities with the global aluminium industry by participating in Harbor’s 9th Aluminium Summit, taking place from June 7 to 9, 2016 in Chicago, Illinois, USA. Alba’s Chief Executive Officer, Tim Murray delivered a keynote address on ‘Alba’s Line 6 Expansion Story’ at the Summit on June 8, 2016, during which he spoke about Alba’s plans to sustain its business through its upcoming sixth potline which will make Alba the largest single-site smelter in the world. Murray said: “Alba, through its Line 6 Expansion Project, is confident of building an enduring and successful future for the Kingdom of Bahrain and its economy. While we look forward to producing...
Norwegian aluminium producer Hydro and World Wide Fund for Nature (WWF) have entered into a one-year cooperation agreement. The goal is to develop innovative solutions that can help cut emissions related to climate change. Inger Sethov, Head of Communication & Public Affair’s in Hydro and Nina Jensen, WWF-Norway’s secretary general. Both Hydro and WWF are working to helping Norway meet is climate targets for 2030. Now Norway’s largest industrial concern and the Nowegian chapter of the world’s largest environmental organization are joining to find good solutions for a renewable society. The one-year agreement says the two shall “stimulate to identify and develop new business opportunities toward a low-carbon society.” “This is a cooperation I am looking forward to! The point is that we...
China has, for the first time, included the United States in a government scheme allowing American banks to clear renminbi-denominated transactions - in one of the few positive outcomes of the two sides' high-level dialogue that failed to narrow their differences over certain other issues like the South China Sea disputes that are of high strategic significance. China will grant the United States a 250 billion yuan (S$52 billion) quota under its Renminbi Qualified Foreign Institutional Investment (RQFII), significantly expanding the programme that stood at 501.77 billion yuan last month. The move makes the US the second-largest quota holder, behind Hong Kong with 270 billion yuan. The other countries involved in the scheme include Singapore, which joined the programme in 2013 and got its...
Top aluminium producers have offered Japanese buyers premiums of $100-110 per tonne for July-September primary metal shipments, down 4-15 percent from the previous quarter, three sources directly involved in pricing talks said on Tuesday. Japan is Asia's biggest importer of aluminium and the premiums it agrees to pay each quarter over the London Metal Exchange (LME) cash price set the benchmark for regional primary metal shipments. For the April-June quarter, Japanese buyers agreed to pay producers a premium of $115-$117 per tonne PREM-ALUM-JP, up about 5-6 percent from the prior quarter, due to lower local inventories. In late May, a major aluminium producer offered Japanese buyers a premium of $110 per tonne for July-September shipments, down 4-6 percent from the previous quarter,...
The US dollar index hovered at lows while crude oil prices stayed at highs. This will leave LME aluminium moving widely at USD 1,540-1,570/mt today, SMM observed in an early morning forecast. Downstream stocking ahead of the Dragon Boat Festival will support SHFE 1608 aluminium at RMB 11,600-11,840/mt In China’s spot aluminium market, spot premiums of RMB 0-40/mt are expected over SHFE 1606 aluminium contract. Key macroeconomic indicators for base metal prices With some investors exiting from market for China’s Dragon Boat Festival from June 9-11, base metals are expected to see diverging trade on Wednesday. China’s financial market will be closed this evening. Eyes will be on US crude oil inventories and China’s trade data for May. US JOLTs job openings for April jumped to 5.76 million...
Aluminium Bahrain B.S.C. (Alba), one of the leading international aluminium smelters with a strong reputation for workplace safety, is conducting a series of safety, health & environment (SHE) workshops for one of its established clients - Aluminium Products Company (ALUPCO), Kingdom of Saudi Arabia. The SHE workshops are an initiative by the Company’s Marketing Department to enhance the existing business relation with ALUPCO by doing more than necessary and providing extra value, in addition to the technical support given by Alba. Held in conjunction with Alba’s SHE Department, the workshops aim to assist ALUPCO to augment its health, safety and environment culture. Teams from both companies have mutually agreed on a SHE training plan to meet ALUPCO’s health and safety expectations at...
Goa Carbon has reported production of 19,976.600 MT (million tonnes) of Calcined Petroleum Coke for the month of May 2016. Of the total production achieved for the month, Bilaspur plant produced 2,164.100 MT of Calcined Petroleum Coke, Goa plant produced 6,221.500 MT of Calcined Petroleum Coke while Pradeep plant has produced 11,591.000 MT of Calcined Petroleum Coke. On the sales front, the company has sold a total of 13,860.162 MT of Calcined Petroleum Coke products for the month of May 2016. Of the total sales achieved for the month, Bilaspur plant, Goa plant and Paradeep plant of the company sold 1,536.000 MT, 4,080.762 MT and 8,243.400 MT respectively. Goa Carbon is into the business of manufacturing and marketing Calcined Petroleum Coke. Goa Carbon is firmly established as a leading...
