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Hindalco sees record Q2 net profit of ₹75.33b, Novelis revenue rises 25%
Hindalco Industries reported its highest-ever quarterly net profit of INR 75.33 billion (USD 802 million) in the second quarter of FY2027, up 59 per cent from INR 47.41 billion (USD 505 million) a year earlier, supported by stronger earnings across its aluminium, copper and Novelis businesses. Consolidated revenue from operations rose 39 per cent year on year to INR 917 billion (USD 9.8 billion) in the quarter ended September 30, 2026. EBITDA increased 42 per cent to INR 137.6 billion (USD 1.5 billion), compared with INR 97 billion (USD 1 billion) in Q2 FY2026. The company’s aluminium upstream business rose 55 per cent to INR 70 billion (USD 745 million) in quarterly EBITDA. Earnings from non-LME-linked businesses rose 50 per cent to INR 68.6 billion (USD 731 million). Copper also...
LME aluminium cash offer price falls 1.30% to $3,117/t on November 6 as stocks dip to 228,475t
The London Metal Exchange (LME) aluminium prices declined across cash, three-month and December 27 contracts on November 6 compared with the previous trading day, November 5. On November 6, the LME aluminium cash bid price stood at USD 3,115 per tonne, down 1.42 per cent from USD 3,160 per tonne on November 5. The cash offer price declined by 1.30 per cent to USD 3,117 per tonne from USD 3,158 per tonne. Similarly, the LME aluminium three-month bid price decreased by 1.55 per cent to USD 3,049 per tonne on November 6 from USD 3,097 per tonne on November 5. The three-month offer price fell by 1.53 per cent to USD 3,050 per tonne from USD 3,097.5 per tonne. The December 27 bid price dropped by 1.57 per cent to USD 2,950 per tonne on November 6 from USD 2,997 per tonne on November 5....
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A report that reveals where the aluminium casting industry is heading and how businesses can act.
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A report that reveals where the aluminium casting industry is heading and how businesses can act.
LEARN MOREAL Circle Analysis: 278% China-US FRP rise, $692m Germany-France FRP trade, India’s 300m-can gap draw aluminium map
AL Circle Analysis: Alumina prices fall 22%, Ghana advances bauxite projects & global aluminium production rises 2.1%
Global alumina production remains below 2025 levels despite a Q3 rebound, reaching 114 million tonnes in 9M2026
Germany-France aluminium FRP trade 2026 at $692m: Two-way exchange of coil, sheet, foil and high-value products
India’s renewable power capacity set to reach 530 GW by 2030 as solar leads expansion
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Chinalco International transfers 60% Jiuye Sanwei stake to Shenyang Institute
Chinalco International (02068) is reorganising its subsidiary structure through the transfer of a 60 per cent equity interest in Jiuye Sanwei to Shenyang Institute for RMB 100.08 million (USD 14.99 million), as the company seeks to strengthen synergies across its concrete mixing equipment and energy-saving businesses. Under an equity transfer agreement signed on November 6, 2026, Jiuye, a non-wholly owned subsidiary of Chinalco International, agreed to transfer its 60 per cent stake in Jiuye Sanwei to Shenyang Institute, another non-wholly owned subsidiary of the group. Following completion of the transaction, Chinalco International's effective equity interest in Jiuye Sanwei will decrease by 7.76 per cent. However, Jiuye Sanwei will continue to operate as an indirect non-wholly owned...
Peterborough launches aluminium can art competition to promote recycling
Peterborough City Council in the UK has launched the Every Can Counts competition, inviting schools and community groups to turn used aluminium cans into artwork to raise awareness of recycling. The council said the UK uses around 10 billion cans each year, equivalent to about 600 per household. Recycling aluminium cans requires just 5 per cent of the energy needed to produce new aluminium, making can collection and recycling an important part of reducing energy use. Participants have been asked to create 3D, free-standing and easily transportable artwork based on the theme 'Our Earth, Our Planet'. Entries can be made by glueing cans together, painting them or adding decorations. The competition closes in May. Chris Wiggin, the council's Liberal Democrat cabinet member for the...
India's aluminium market gains momentum as demand reaches 1.735 million tonnes
India's aluminium market is expected to record stronger demand in the second quarter of FY2026-27, with consumption estimated to reach 1.735 million tonnes, a 6 per cent increase from the corresponding period last year, according to Hindalco Industries Ltd. Growth is being driven primarily by demand from the automotive and electrical sectors, highlighting the expanding role of aluminium across key industrial applications. Hindalco's Q2 FY2027 presentation estimates Indian aluminium demand at 1.735 million tonnes, compared with 1.643 million tonnes in Q2 FY2026. The latest estimate also represents a recovery from the 1.427 million tonnes recorded in Q1 FY2027. Domestic aluminium supply and imports increase Domestic primary aluminium supply is estimated at 735,000 tonnes in Q2 FY2027,...
Sampat Aluminium revenue rises to ₹1,250m as one-off gain lifts profit
Sampat Aluminium Limited reported a net profit of INR 47.4 million (USD 502,121) for the half year ended September 30, 2026, supported by a non-recurring gain of INR 57.1 million (USD 604,875) from the sale of old plant and machinery. The company's revenue from operations increased to INR 1,250.9 million (USD 13.25 million) from INR 811.4 million (USD 8.60 million) in the corresponding period last year. However, its profit before exceptional items and tax declined significantly, highlighting the impact of the machinery sale on reported earnings. The company's profit before exceptional items and tax stood at INR 5.887 million (USD 62,363), compared with INR 62.5 million (USD 662,079) in the first half of the previous financial year. After including the exceptional gain, profit before tax...
ABB gives Southwest Aluminum's cold-rolling operations a digital upgrade
ABB will supply integrated automation, process control and digital technologies for two cold-rolling mills operated by Southwest Aluminum (Group) Co., Ltd. in Chongqing, China, as the aluminium producer expands and modernises its wide-strip manufacturing capabilities. Both mills are expected to be fully commissioned and operational by the end of 2027. The project involves a 2,500 mm two-stand six-high cold rolling mill and a 3,000 mm single-stand six-high cold rolling mill. ABB's technology package will include its Ability System 800xA distributed control system, drives, flatness control, sensing and measurement technologies. The two production lines will use standardised automation architectures designed to improve compatibility between systems, establish consistent operating...
Trimet seeks changes to Alcoa-South32 deal, concerned over reduced independent alumina supply in Brazil
German aluminium producer Trimet has proposed a series of measures to address competition concerns over Alcoa’s proposed acquisition of South32’s alumina and bauxite assets . These include the sale of integrated bauxite-mining and alumina-refining assets in Brazil or Western Australia, changes to ownership links in Alumar and MRN, and greater transparency and independent monitoring of alumina price reporting. Trimet has also asked Brazil's competition regulator, the Administrative Council for Economic Defense (CADE), to block the deal, saying it would reduce the number of independent smelter-grade alumina suppliers in the country from three to two. The company said the combined entity could control approximately 51.8 per cent of Brazil's merchant alumina sales, leaving Glencore with the...
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Can aluminum keep AI cool in space? Elon Musk says 1,300 W per square meter of aluminum makes it possible
SpaceX CEO Elon Musk has defended the feasibility of cooling artificial intelligence (AI) data centers in space, claiming that aluminum radiators facing away from the Sun can dissipate approximately 1,300 watts of heat per square meter. His comments have brought Aluminum's thermal management capabilities into focus as SpaceX explores the development of orbital computing satellites powered by its existing Starlink technology. In a post on social platform X on November 2, Musk argued that cooling high-performance computing equipment in space could be "much easier than on Earth," challenging concerns that the vacuum environment would make heat dissipation particularly difficult. Aluminum radiators form the basis of Musk's cooling argument The discussion began after Jan Broersen, a professor...
From losses to profits: VALCO sets sights on 1.5 million tonnes of alumina
The Volta Aluminium Company Limited (VALCO) has reported a provisional profit of USD 1.3 million within the first nine months of 2026, signalling progress in its efforts to restore operations and strengthen its financial position. The Ghanaian aluminium producer has also outlined an ambitious expansion target of processing 1.5 million tonnes of alumina within the next decade, supported by an estimated USD 4 billion investment. VALCO CEO Dr Robert Makila Sambian said the company was now focused on strategic capital investment to achieve its long-term production ambitions. He shared the update during the Ministry of Lands and Natural Resources' Progress Report Series, an initiative through which agencies under the ministry present updates on their activities and performance to the media....
LME aluminium cash bid on November 4 climbs to $53.50/t, cancelled warrants climb 4.47%
LME aluminium prices gained ground on November 4, with cash and futures contracts moving higher. The Asian Reference Price also edged up, while exchange inventories declined. Alumina Platts prices, however, moved slightly lower. The cash bid rose by USD 53.50 per tonne , or 1.74 per cent, to USD 3,134.50 per tonne from USD 3,081 per tonne. The cash offer increased 1.72 per cent to USD 3,135 per tonne from USD 3,082 per tonne. Three-month aluminium prices also advanced. The bid climbed 1.08 per cent to USD 3,073 per tonne on November 4 from USD 3,040 per tonne, while the offer gained 1.05 per cent to USD 3,074 per tonne. It was previously at USD 3,042 per tonne . Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market...
Can aluminum keep AI cool in space? Elon Musk says 1,300 W per square meter of aluminum makes it possible
SpaceX CEO Elon Musk has defended the feasibility of cooling artificial intelligence (AI) data centers in space, claiming that aluminum radiators facing away from the Sun can dissipate approximately 1,300 watts of heat per square meter. His comments have brought Aluminum's thermal management capabilities into focus as SpaceX explores the development of orbital computing satellites powered by its existing Starlink technology. In a post on social platform X on November 2, Musk argued that cooling high-performance computing equipment in space could be "much easier than on Earth," challenging concerns that the vacuum environment would make heat dissipation particularly difficult. Aluminum radiators form the basis of Musk's cooling argument The discussion began after Jan Broersen, a professor...
From losses to profits: VALCO sets sights on 1.5 million tonnes of alumina
The Volta Aluminium Company Limited (VALCO) has reported a provisional profit of USD 1.3 million within the first nine months of 2026, signalling progress in its efforts to restore operations and strengthen its financial position. The Ghanaian aluminium producer has also outlined an ambitious expansion target of processing 1.5 million tonnes of alumina within the next decade, supported by an estimated USD 4 billion investment. VALCO CEO Dr Robert Makila Sambian said the company was now focused on strategic capital investment to achieve its long-term production ambitions. He shared the update during the Ministry of Lands and Natural Resources' Progress Report Series, an initiative through which agencies under the ministry present updates on their activities and performance to the media....
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