Vedanta Aluminium reported record quarterly production across aluminium, alumina and value-added products in Q2 FY27, supported by capacity expansion and efficiency improvements. Vedanta Aluminium Metal Limited, India’s largest aluminium producer, recorded its highest-ever quarterly aluminium production of 649,000 tonnes in Q2 FY27, up 5 per cent year on year from 617,000 tonnes in Q2 FY26. Aluminium output also increased 3 per cent quarter on quarter from 632,000 tonnes in Q1 FY27. For the first half of FY27, production reached a record 1,281,000 tonnes, up 5 per cent from 1,222,000 tonnes in H1 FY26. The company attributed the increase to new smelter volumes and efficiency improvements across existing production lines. Alumina output jumps 37 per cent Vedanta Aluminium’s alumina...
Asian aluminium premiums are facing more pressure ahead of Q4 talks. CRU’s Asia CIF aluminium premium is now USD 202 per tonne, well below the USD 395 per tonne Main Japanese Port (MJP) Q3 benchmark. MJP Q4 offers have also dropped sharply. They fell from USD 325 per tonne in early September to USD 245–260 per tonne as the new quarter approaches. This shows weaker sentiment in the market. Aluminium premiums are under pressure across Asia, especially in Korea, Malaysia and Taiwan. These markets are more exposed to spot price changes, so premiums can move quickly when supply or demand changes. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook " Premiums...
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Tepid demand from principal consumption points like automobile, packaging and construction, yet to recover from the mauling of the world recession, has left the aluminium industry in deepest crisis. Industry giants from the US to Europe to China are sufficiently bedraggled by aluminium prices staying much below $2,000 a tonne. More, ingot physical premiums - the price buyers pay on top of the London Metal Exchange (LME) rate - are now compensating producers less than in the first half of 2013. This is in spite of premiums climbing to record highs of $250 a tonne from below $150 a tonne prior to 2008. High premiums have got much to do with aluminium stockpiles held at LME, mostly as part of financing deals. Interest rates in developed economies continuing to be low, operators have been...
LME aluminium is expected to revisit its Sept. 5 low of $1,785.25 per tonne, as it has resumed its preceding medium-term downtrend. The trend started from the Aug. 19 high of $1,949 and has been driven by five waves. The rebound from $1,785.25 is labelled as a wave 4, which is expected to be totally reversed by the current wave 5. The drop on Monday has confirmed the progress of the wave 5, which followed the completion of the wave 4 below resistance at $1,837, the 38.2 percent Fibonacci retracement on the fall from the Aug. 22 high of $1,920 and ending at the Sept. 4 low of $1,785. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal...
Russian aluminum producer Rusal said Monday that there is a need for greater transparency in the London Metal Exchange's disclosure of commercial and non-commercial positions on the exchange. "Specifically, the LME should introduce disclosure of commercial and non-commercial positions on the exchange. This would enhance understanding of the dynamic between producers, consumers and traders, which in turn would boost the ability to understand the market place for policy makers and actors alike," Rusal said in a statement. The move by Rusal comes after leaders at the G-20 summit last week in St. Petersburg signed a declaration calling for the G-20 to facilitate better functioning of physical and financial commodity markets. Rusal says that the aluminum market has been transformed in the last...
The share price of National Aluminium Company or Nalco has risen almost 40 per cent from its 10-year low of INR 24.10 seen on August 6 to INR 33.7 on the back of a rise in the global aluminium price, which is up only marginally, and a weak rupee that props up realisations. As compared to the average price of $1,767 a tonne in July, the aluminium price on the London metal Exchange (LME) was up at $1,814 in August. Currently, the same is around $1,780. Since end-July, the rupee is also down 12 per cent versus the dollar. Operationally, Nalco is targeting to increase alumina output by 20 per cent in FY14. It also expects to export a larger quantity of alumina and aluminium this year. However, the overall gains from these for Nalco would get capped, given the continuing issues it faces with...
An initiative to position Qatar as a core knowledge centre for aluminium technology in the Middle East has been launched jointly by Qatar University’s Centre for Advanced Materials (CAM), Hydro and Qatalum. CAM’s metallurgical expertise will be reinforced by Hydro, the global aluminium company active in more than 50 countries on all continents, and Qatalum, one of the largest aluminium producers in the Middle East. It was announced yesterday that two prominent Norwegian senior professors will hold Qatalum/Hydro Chair positions in tandem for three years at CAM. Professor Hans Roven and Professor Geir Martin Haarberg are currently based out of the Norwegian University of Science and Technology (NTNU) in Trondheim, Norway. Professor Roven will take charge this month itself, and Professor...
Alba employees are seen here taking part in Finance101 – a series of half day training session organised as part of Alba’s Executive Education Series 2013 Alba conducted Finance101 for its management grade employees as part of the company's Executive Education Series 2013 The training programme was conducted by Chief Financial Officer, Ali Al Baqali, Corporate Finance Manager, Mansoor Afzal and Financial Accountant, C. P. Krishnan The programme was held over six batches during the year 2013 Aluminium Bahrain B.S.C. ( Alba ) provided another tangible demonstration of its continuing commitment to expand learning opportunities for employees with Finance101 - a series of half day training sessions organised as part of Alba 's Executive Education Series 2013. The training programme was part of...
LME aluminium may have completed a rebound from the Sept. 5 low of $1,785.25 per tonne, or the first round of this rebound, and is expected to drop to $$1,800. The rebound is against a five-wave cycle starting from the Aug. 22 high of $1,920 and ending at the Sept. 4 low of $1,785. A Fibonacci retracement on the cycle reveals a resistance at $1,837, the 38.2 percent level. It is obvious that the short uptrend from $1,785 started to reverse when the metal approached $1,837. A break above $1,837 will lead to a further gain to $1,853, the 50 percent retracement. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the...
Data from China's General Administration of Customs showed that in August, China imported 140,000 tons alumina; January to August, the imported alumina totaled 2.03 million tons, down 37.5% compared with the same period in 2012. In August, China imported 86,209 tons unwrought aluminum; January to August, the amount totaled 545,459 tons, down 34.2% year-on-year. In August, China imported 240,000 tons aluminum scrap; January to August, the amount totaled 1.58 million tons, down 7.6% YOY. In August, China exported 51,837 tons unwrought aluminum; January to August, the amount totaled 355,326 tons, down 19.3 YOY.
Rio Tinto Alcan celebrates the first metal produced at its new US$ 1.1 billion Arvida Aluminium Smelter, AP60 Technology Centre, in Saguenay-Lac-Saint-Jean, Quebec. This important milestone marks the transition from a world-class construction project to a 60,000-tonne technology development centre unparalleled in the aluminium industry. The gradual ramp-up to full capacity will continue over the coming weeks. "Rio Tinto Alcan is proud to commemorate the first aluminium produced in Saguenay-Lac-Saint-Jean region, from the world's most productive reduction cells," declared Arnaud Soirat, President and chief executive officer of Rio Tinto Alcan, Primary Metal. "It is important to salute the ingenuity of Rio Tinto Alcan's Research and Development teams that first developed and tested this...
LME aluminium is expected to test a resistance at $1,817 per tonne, a break above which will lead to a further gain to $1,837. A five-wave cycle starting from the Aug. 22 high of $1,920 has completed at the Wednesday low of $1,785. The bottom of the failed fifth wave labelled v, along with the trough of preceding wave iii, has formed a tinny double-bottom. A Fibonacci retracement analysis on the cycle has revealed the immediate resistance is at $1,817, the 23.6 percent level, which blocks the way towards the 38.2 percent retracement at $1,837. Support is at $1,785, a fall below which will confirm the continuation of the preceding downtrend towards $1,760. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or...
China plans to urge local aluminium producers to ramp up overseas investment rather than expand at home, signalling its growing desperation to ease a domestic supply glut. Market participants said the government was clutching at straws and that few firms in the world's largest aluminium consumer and producer would move capacity overseas in the short-term as oversupply is an international problem. But the possibility of a longer term shift could spook international smelters such as Alcoa and Rusal, who would fret that Chinese players could undercut their businesses - especially if they receive subsidies as some currently do domestically. China accounts for about half of global production and oversupply in its aluminium sector has helped push the world's inventories to a record high and...
Hindalco Industries Ltd has said that metals business will face challenges in the near term as aluminium prices continue to remain weak in the international market and will have bearing on financial results in 2013-14. "As aluminium prices continue to remain weak in the international market, the metals business will face challenges in the near-term. The depreciation and the interest burden from its expansion projects, will also have a bearing on the financial results in FY-14," Hindalco Chairman Kumar Mangalam Birla said in its annual report. Birla said however that the business remains extremely well-placed for the long term, with the addition of these mega -scale assets in our portfolio. As these projects ramp up to their full potential, the company will see an exponential growth in...
A group of independent documentary makers has produced videos alleging that two aluminium smelter plants in Sarawak pose health hazards to people living in the surrounding areas. In a series of clips uploaded to YouTube, several people are interviewed about the health problems they have experienced since a company called Press Metal Sarawak set up a smelting plant in Balingian. The company now has another plant in Similajau. They people featured in the clips complain of coughing, sleeplessness, kidney problems and other ailments. The videos are produced by a group called People’s Documentary, described in its Facebook page as a “leading film maker of social and environmental films”. The latest video in the series was uploaded last Sept 1. It features one Ngam ak Benang of Rumah Randi,...
Vedanta Aluminum Ltd under its Public Relation & Corporate Social responsibility has organized a stakeholder meeting on MDM at Lanjigarh looking to several issue raising in and around country. Vedanta Aluminum Ltd has partnered with the Government of Odisha and Nandi Foundation has been serving for underprivileged school going children in Lanjigarh block of Kalahandi district in Odisha since last one year. Today the stakeholder meeting on the MDM was inaugurated by Sasmita Majhi, Chairman Lanjigarh Block in the presence of Prabir Nayak-BDO, Jagadish Benia-Vice chairman, Koustav Ratan Kundu –Head HR and all the elected PRI members (sarapanch & samiti members) along with the Villagers. In her Speech chairman says “Poverty deprives many underprivileged children from securing the benefits of...
On the weekly Construction MMI, European 1050 aluminum rose 5.0 percent to finish as the week’s biggest mover. Chinese aluminum bar remained unchanged for the week. Chinese H-beam steel saw a 0.6 percent decline over the past week. US shredded scrap prices were off slightly, down $2 per short ton from a week ago. The price of Chinese rebar rose 0.3 percent after falling 1.1 percent during the previous week. Following a steady week, prices for the Chinese low price of 62% Australian iron ore fines closed flat. The weekly US Gulf Coast bar fuel surcharge spiked 3.1 percent last week. The weekly US Midwest bar fuel surcharge increased 2.6 percent. The weekly US Rocky Mountain bar fuel surcharge shifted up 0.4 percent.
Rising 3-month LME aluminum prices and European semis pricing, which improved against a more optimistic manufacturing performance by many of the countries within the EU, drove MetalMiner’s monthly Aluminum MMI up 1.1% for September. Long-time aluminum industry observers know that September serves as a good aluminum buying month. In other words, the rock-bottom lowest aluminum prices of the year might not occur in September, but overall, September represents a good month to lock in known short-term demand for the balance of the year. “Our friends at Harbor Aluminum conduct this type of purchasing analysis each year, and though aluminum prices remain above earlier year-lows, this early part of September remains a good time to take some commodity risk off the table,” said Lisa Reisman,...
Aluminum advanced for the first time in three days, rebounding from a four-week low, after the U.S. Federal Reserve said a recovery in the world’s largest economy was intact. Aluminum for delivery in three months increased as much as 0.8 percent to $1,804 a metric ton on the London Metal Exchange and was at $1,801.25 at 12:55 p.m. in Tokyo. The metal touched $1,785 yesterday, the lowest level since Aug. 7. Copper was little changed at $7,128 a ton. “There’s some good buying interest below $1,800 for aluminum,” said Hwang Il Doo, a senior trader at Korea Exchange Bank Futures Co. in Seoul. Copper has the potential to rally from a 1.7 percent drop yesterday, he said. Copper futures for delivery in December were little changed at $3.2425 a pound on the Comex in New York. Futures for delivery...
Aluminium Bahrain (Alba), one of the largest aluminium smelters in the world, has launched a four-pronged campaign to bolster the safety culture across the firm and establish a zero accident work environment. The main thrust of the campaign is that safety must envelope each and every aspect of an employee’s life in order for it to be effective. The message highlights four stages in an average day when a focus on safety can make a positive outcome to any situation -- Come to Work Safely; Work Safely; Go Home Safely; and, Be Safe at Home. Large billboards and posters with the message have been set up all over the plant to reinforce this message. In addition, the points are also discussed during the weekly Monday safety hours and the 5-minute safety talks before each shift. Alba’s chief...
