The conclusion of negotiations on the EU–India Free Trade Agreement creates a new context for Indian manufacturers considering the European market, but future opportunities will increasingly depend on regulatory preparedness as well as commercial competitiveness. Negotiations on the Free Trade Agreement were concluded in January 2026. Earlier this month, the European Commission submitted proposals to the EU Council for its signature and conclusion. The Agreement is not yet in force and remains subject to the required European and Indian procedures. For the Indian aluminium industry, the development comes at a time when access to Europe is increasingly shaped by environmental, product and supply-chain regulation. One of the most immediate examples is the European Union’s Carbon Border...
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...
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Global demand for aluminium will continue to remain strong as worldwide supply tightens. This will raise prices from seven-year lows, says Vladislav Soloviev, chief executive of Russia’s UC Rusal, the world’s second-biggest aluminium producer. Exports of processed aluminium from the People’s Republic of China are expected to drop thanks to investigations of the fake semis market and resulting anti-dumping measures taken by the United States, Australia, and the European Union, explained Soloviev. “Rusal estimates that [global] aluminium consumption will grow by 5.7 per cent to 59.5 million tonnes this year,” he told the South China Morning Post. “Chinese growth is expected to continue to be strong at 7 per cent year-on-year in 2016 to 31 million tonnes.” He went on to explain that the...
Aluminium prices declined by INR 2 per kg in Indian non-ferrous market on Tuesday, April 26, due to reduced industrial offtake. However, other base metals held steady in thin trade. Traders said fall in demand from consuming industries mainly led to the decline in aluminium prices. In the national capital, aluminium ingots, sheet cutting, wire scrap and utensils scrap were down by INR 2 each to INR 155, INR 151, INR 151 and INR 149 per kg respectively. Following were the metal rates on April 26 in the national capital (in INR per kg): • Aluminium ingots INR 155 • Aluminium sheet cutting INR 151 • Aluminium wire scrap INR 151 • Aluminium utensils scrap INR 149
Aluminium at London Metal Exchange will move at USD 1,530-1,550/mt today struggling around the 5-day moving average, Shanghai Metals Market foresees. SHFE 1606 aluminium will move at RMB 12,750-12,900/mt, testing support at the 5-day moving average. Spot discounts of RMB 0-40/mt in China's spot aluminium market are expected over SHFE 1605 aluminium contract. A survey by SMM indicated that base metal in most likelihood would get support from positive China data. Market sentiment in base metal market is expected to improve on Wednesday. “Rising oil price failed to boost Shanghai price in night trading compared with LME market, mainly because of weakening ferrous metals market, and if results of China’s data due for release today are positive, market sentiment will get a lift, but not much...
Shanghai aluminium futures jumped to their highest level in nearly 10 months on Monday, tracking gains on the London Metal Exchange amid optimism about a demand pick-up up in top consumer China. While demand is recovering, restarts among aluminium smelters in China after production curbs last year had been slow, tightening supply. "The whole restarting process has been very slow," said Jackie Wang, analyst at CRU consultancy in Beijing. This is supporting prices as demand recovers after a series of policies from the Chinese government to boost the real estate sector including lower downpayment and interest rates, said Wang. The most-traded aluminium for June delivery on the Shanghai Futures Exchange rose as far as 13,075 yuan ($2,010) a tonne, its strongest since July 2, 2015. It closed...
Profit at Chinese aluminium smelters kept expanding, but now is not the time to cheer up yet, SMM noted. Power tariff subsidies to smelters in Qinghai have been cut following aluminium price gains. This, together with rising alumina prices, will deter smelters in Qinghai from bringing idled capacity back online, SMM expects. No adjustments have been made in power tariff subsidies to smelters in Gansu, but previous power tariff subsidies have not been fully in place, SMM learned. Besides, rising coal prices will add to power costs at smelters with captive power, SMM added. With aluminium prices rising above 12,200 yuan per tonne, profit at Chinese aluminium smelters surveyed by SMM has expanded to more than 1,200 yuan per tonne.
Aluminium Bahrain B.S.C. (Alba), the Bahrain-based international aluminium smelter, announced that its Reduction Maintenance & Services department has achieved 2.5 million work hours without Loss Time Injury (LTI). This achievement emphasises Alba’s continuous drive to maintain a zero accident work environment within the company. Commenting on this occasion, Alba’s Chief Executive, Tim Murray said: “Safety achievements are a collaborative effort and represents the level of awareness of all Alba employees. I would like to congratulate our employees for accomplishing this feat and working towards our infinite objective of achieving a zero accident work environment." Alba strengthens its safety culture through numerous campaign throughout the year, which focus on plant-wide as well as...
DUBAL Holding LLC, the wholly-owned subsidiary of Investment Corporation of Dubai that has been operational since 2014 to look after, among other things, a 50 per cent share in Emirates Global Aluminium, today held its annual general meeting at the Rulers Court. HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance and the Chairman of the DUBAL Holding, was present with shareholder representatives from ICD, the DH board, DH management, and its auditors. HH Sheikh Hamdan bin Rashid Al Maktoum who presided over the meeting, was presented with an update on EGA which was formally established at the beginning of 2014 by combining the aluminium industry assets of ICD and Mubadala Development Company. HH Sheikh Hamdan bin Rashid Al Maktoum stated that in 2015...
The Aluminum Association of Canada reported that primary aluminum production in Canada continued its upward trend by increasing for the tenth consecutive month. Production in March 2016 increased 1.6 percent to an annual rate of 3,202,689 metric tonnes, up 49,145 tonnes over the February 2016 rate of 3,153,544 TPY. Compared to a year ago, production was up 13.9 percent over the March 2015 rate of 2,811,418 TPY. Actual production in March totalled 271,266 metric tonnes. Through the first three months of 2016, production is up 12.1 per cent over the same period in 2015.
Aluminium on London Metal Exchange will hold firm at USD 1,640-1,670/mt today, SMM forecasts. SHFE 1606 aluminium will challenge resistance at RMB 13,000/mt and move at RMB 12,750-13,050/mt on market bullishness. In China’s spot aluminium market, spot discounts of RMB 0-40/mt are expected over SHFE 1605 aluminium contract.
The Aluminium Association of Canada (AAC), consisting of Alcoa, Alouette and Rio Tinto, is thrilled with the decision of the United Steelworkers (USW) to withdraw its petition for the imposition of a 50 per cent tariff on aluminium imports. "We share the USW's determination to find solutions to the market's structural disruptions. We also believe that the continued support of governments through commercial diplomacy is the best way to ensure the sustainability of North America's aluminium industry," says Jean Simard, President and CEO of the AAC. "We applaud the USW-affiliated unions in Quebec and the Unifor union, and the Canadian and Quebec governments, for their contribution to resolving this crisis. We managed to protect our industry thanks to a shared vision of the issues, the...
Just as provisional safeguard duty was imposed on the import of steel last year, the Government of India is likely to recommend the same for aluminium import as well, reports . Indian aluminium giants like Hindalco, NALCO, BALCO and Vedanta have complained about the incessant dumping from China and Middle East. FY15 saw a rise in imports of the metal to 56 per cent. The government had hiked the import duty from 5 per cent to 7.5 per cent in the budget. But the local aluminium companies feel it isn't enough and have asked for a 20 per cent import duty. But the government hasn't given any details on how much relief will be provided to these companies as of yet.
Aluminium hit the highest in over eight months on Friday, April 22, but many analysts were wary that prices were stretched and could be due a correction lower with demand still patchy. Strong buying lifted metals in the European afternoon as stops were hit and speculators chased prices higher after they rallied on Thursday, last week, partly on optimism about an economic rebound in top metals consumer China. But many analysts have said underlying supply and demand do not justify the extent of the price gains. "The price increases are exaggerated, so I would expect to see setbacks or corrections in the short term because much of the price rises were driven by greater risk-on sentiment and by speculators," said analyst Daniel Briesemann at Commerzbank in Frankfurt. Three month aluminium...
Aluminium was quick to correct lower after stalling at $1,605 early in March, dropping to $1,475. The sell-off attracted buying that led to a rebound to $1,548. Prices then consolidated but have since pushed higher again; the push has turned to a sprint, with prices gaining more than $100 in four days. While prices look overbought in the short term, having been underwater for so long and having put in a solid base that has been tested on various occasions, the rally may well have further to run, analysts suggest. Next resistance is likely to be encountered around $1,646 and $1,655, they opined. Macro factors According to the industry experts, the build-up in cancelled warrants is the main feature of the market – slowly but surely, available LME stocks have shrunk while metal has flowed...
Aluminium along with a few other select base metals strengthened by INR 2 per kg at the non-ferrous market today in India, following pick up in demand from consuming industries coupled with a firm global trend. Traders said besides pick up in demand from consuming industries, a firm global trend kept select base metal prices trade higher. Following are today's metal rates (in INR per kg): • Aluminium ingots INR 156 • Aluminium sheet cutting INR 152 • Aluminium wire scrap INR 152 • Aluminium utensils scrap INR 150
The Directorate General of Safeguards (DGS) has initiated the investigation in alleged increased imports of unwrought aluminium for causing injury to the domestic aluminium industry. The period of investigation is 2011-12 onwards till 2015-16. This investigation came on the application filed by aluminium makers asking the government to “immediately impose a safeguard duty on the imports of unwrought aluminium for a period of four years.” The application was filed by Vedanta Limited, Bharat Aluminium Company (Balco) and Hindalco who have sought safeguard duty imposition on alloyed as well as non-alloyed wrought aluminium products. The domestic Aluminium industry has asked for increase to 10 per cent from current 7.5 per cent. It was 5 per cent earlier, when it was revised in this year’s...
China Aluminum International Trading Co. (Chalco Trading) hiked aluminium prices significantly in major markets this past week, it said through one of its online media handles. Chalco Trading is a full subsidiary under Chalco responsible for alumina and aluminium sales.
China’s State Council is urging for elimination of outdated and excess capacity in energy-intensive and highly-polluting industries, including aluminium, Shanghai Securities News reported. The State Council recently issued the 2016 Action Plan for Implementation of Outline for Quality Development. Under the Action Plan, China shall enhance work to weed out outdated and excessive capacity in strict compliance with production licenses and industry entrance system.
Aluminium hit a six-month peak on Wednesday as the appetite for risk increased among investors who took a more upbeat view on the Chinese economy and saw commodities as relatively cheap. Analysts attribute the buoyancy in metals markets to the bounce in oil prices. "I think there's some restocking coming through in China based on some stability in the economy and generally we're seeing some risk appetite coming back. There's a certain warming towards commodities in general," said Robin Bhar, head of metals research at Societe Generale in London. Three-month aluminium on the London Metal Exchange climbed 2.2 per cent to close at $US1622.50 a tonne, the strongest since October 2015. Aluminium is the top gainer on the LME over the past month, up some 6 per cent after producers cut output,...
