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Macro headwinds combined with divergent domestic demand in China keep aluminium prices consolidating
The most-traded SHFE aluminium contract opened at RMB 24,000 per tonne in the night session on September 28, reached a high of RMB 24,055 per tonne and a low of RMB 23,950 per tonne, and closed at RMB 24,000 per tonne, up RMB 50 per tonne or 0.21 per cent from the previous close. Futures stabilised after a sharp decline, with prices falling below the 5/10/20/40/60 moving averages across all timeframes, turning these averages from support into resistance. Trading volume during the session was 53,872 lots, with open interest at 271,000 lots, down 3,240 lots, driven mainly by bear position reductions. On the technical front, the 4-hour MACD death cross continued, with DIFF trading well below DEA and green bars expanding significantly, indicating strong short-term bearish momentum. On...
Hydro expects €28m as Cloud Snurran wind farm sale advances
Hydro expects to receive approximately EUR 28 million in compensation following the sale of Swedish wind farm Cloud Snurran AB, bringing a settlement linked to a long-term power purchase agreement closer to completion. The compensation stems from an agreement signed in July 2025 for the voluntary termination of Hydro’s long-term power purchase agreement with Cloud Snurran. Under the settlement, the final payment depends on the realised value from a future sale of the wind farm and an agreed value-sharing mechanism. Hydro expects to receive the compensation after the sale is completed. The final amount remains subject to customary closing adjustments. To learn about the market potential of aluminium dross, explore "ALuminium Dross Processing: Generation, Recovery & Strategic Roadmap"...
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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: From 13% costlier cans to 317 GW solar, aluminium trade enters new territory
AL Circle Analysis: Bauxite developments, alumina trade & primary aluminium market dynamics across Australia, Guinea, US & India
China's 22.87 Mt extrusion market faces a structural shift as 317 GW solar growth counters weak construction demand
AL Circle Analysis: Aluminium’s recycling economics, trade walls and carbon rules converge
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EU–India trade agreement opens a new regulatory perspective for Indian aluminium producers
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...
Canyon Resources’ Minim Martap bauxite project faces fresh uncertainty over funding and first shipment
Canyon Resources’ plans to bring its Minim Martap bauxite project in Cameroon into production, have been thrown into fresh uncertainty after AFG Bank Cameroon suspended further drawdowns from the project’s syndicated financing facility. The bank suspended access to the remaining funds on August 24, 2026, pending a review of the project’s development schedule, financial model and underlying economic assumptions. The move comes as Canyon acknowledges that it will not meet its Phase 1 development timetable and has removed its previous first-shipment target without setting a new date. For a project that had been targeting its first bauxite shipment in the fourth quarter of 2026, the change is significant. Canyon has also moved to reduce non-essential spending while it works through the...
India’s aluminium extrusion output falls to close to 900kt as capacity utilisation slumps near 30%
India’s aluminium extrusion industry is facing mounting pressure as production has dropped while manufacturers operate at only about 30 per cent of installed capacity, prompting concerns over the viability of several factories. The Aluminium Extrusion Manufacturers Association of India (ALEMAI) has also sought the removal of the 7.5 per cent basic customs duty on primary aluminium which, together with the applicable surcharge, results in an effective duty of about 8.25 per cent, arguing that the levy is adding to raw-material costs for domestic downstream manufacturers. According to the latest industry figures, India’s aluminium extrusion production has declined to around 800-900 thousand tonnes, from approximately 1.2 million tonnes earlier. This compares with an installed extrusion...
Odisha seeks Bengal partnership as India aims 37Mt aluminium capacity by FY47
As India advances to deepen its footprint in the global aluminium platform, Odisha is aiming to strengthen its aluminium industry connection with West Bengal. Union Coal and Mines Minister G. Kishan Reddy expressed interest in joining Odisha’s strong aluminium production base with Bengal’s downstream manufacturing potential, partnering the two eastern states in building a broader aluminium ecosystem. “Today, Odisha is a powerhouse when it comes to the aluminium industry, with 67-72 per cent of the production coming from the state. Bengal can become a natural downstream partner,” Reddy stated at a roadshow organised by the National Aluminium Company (NALCO) and Assocham for the Angul Aluminium Park in Odisha. To know the global production, demand and consumption forecasts of aluminium...
NALCO pays record ₹11b dividend to government as Angul Aluminium Park draws investor interest
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...
JUPALCO puts wide casting and thin-gauge foil stock in focus at aluminium
From wide aluminium casting to foil stock for thin-gauge applications, JUPALCO placed the depth of India’s downstream manufacturing capabilities at the centre of its participation in Aluminium Bharat 2026. The Jupiter Group company exhibited its flat-rolled aluminium portfolio at the four-day event, held from 26–29 September at the Helipad Exhibition Centre in Gandhinagar, Gujarat, where it participated as a Silver Sponsor. A key focus was JUPALCO’s ability to combine width and precision. Its manufacturing facility has continuous casting lines spanning up to 2.3 metres and can produce flat-rolled aluminium products up to 2,300 mm wide. The company showcased its foil stock for the manufacture of ultra-thin gauge 6 micron foil, alongside fin stock, closure stock and other specialised...
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Ambani’s Reliance eyes aluminium as Adani bets $11.5b on Odisha project
Mukesh Ambani owned Reliance Industries Limited (RIL) is evaluating an entry into India’s aluminium industry, potentially placing Mukesh Ambani’s conglomerate in competition with Gautam Adani’s Adani Enterprises as both groups expand into metals, bauxite and natural resources. The proposal remains at an exploratory stage, associated with Reliance’s plans for coal gasification, with the company considering metals production as a way to improve the commercial viability of the business. Reliance also showed interest in Odisha’s Karlapat bauxite block by purchasing its tender documents. To know the production, demand and consumption forecasts on bauxite and alumina, explore the report “ Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook ” Reliance...
BIS seizes pharmaceutical aluminium foil worth ₹1.4m from Rohtak firm
The Bureau of Indian Standards has seized about three tonnes of aluminium foil intended for pharmaceutical packaging from a Rohtak-based firm over suspected violations of India’s mandatory quality-certification rules. The Haryana office of BIS said it recovered about 250 rolls of foil, with an estimated value of INR 1.4 million (USD 14,695), during an enforcement operation at Jainalco Industries Limited. BIS cites missing licence According to BIS, the foil was covered by Indian Standard IS 16011, which applies to aluminium and aluminium-alloy foil used for pharmaceutical packaging. The agency said the company was found in possession of the material without a valid BIS licence, even though the product is subject to a Quality Control Order. Such orders require notified products to comply...
Vedanta Aluminium eyes next growth phase on higher volumes and lower costs
Motilal Oswal has maintained its “buy” rating on Vedanta Aluminium Metal, saying production growth, lower costs and a bigger share of value-added products could support a multi-year expansion in earnings. The brokerage has set a target price of INR 540 (USD 5.67) per share, implying potential upside from the stock’s recent level of about INR 451 (USD 4.73). Vedanta Aluminium shares were trading higher in Wednesday morning deals after gaining about 3 per cent over the previous week. Growth outlook drives bullish call Motilal Oswal expects Vedanta Aluminium’s revenue, EBITDA and profit after tax to grow at compound annual rates of about 11 per cent, 18 per cent and 23 per cent, respectively, between financial years 2026 and 2028. The brokerage’s investment case rests on rising aluminium...
Ambani’s Reliance eyes aluminium as Adani bets $11.5b on Odisha project
Mukesh Ambani owned Reliance Industries Limited (RIL) is evaluating an entry into India’s aluminium industry, potentially placing Mukesh Ambani’s conglomerate in competition with Gautam Adani’s Adani Enterprises as both groups expand into metals, bauxite and natural resources. The proposal remains at an exploratory stage, associated with Reliance’s plans for coal gasification, with the company considering metals production as a way to improve the commercial viability of the business. Reliance also showed interest in Odisha’s Karlapat bauxite block by purchasing its tender documents. To know the production, demand and consumption forecasts on bauxite and alumina, explore the report “ Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook ” Reliance...
BIS seizes pharmaceutical aluminium foil worth ₹1.4m from Rohtak firm
The Bureau of Indian Standards has seized about three tonnes of aluminium foil intended for pharmaceutical packaging from a Rohtak-based firm over suspected violations of India’s mandatory quality-certification rules. The Haryana office of BIS said it recovered about 250 rolls of foil, with an estimated value of INR 1.4 million (USD 14,695), during an enforcement operation at Jainalco Industries Limited. BIS cites missing licence According to BIS, the foil was covered by Indian Standard IS 16011, which applies to aluminium and aluminium-alloy foil used for pharmaceutical packaging. The agency said the company was found in possession of the material without a valid BIS licence, even though the product is subject to a Quality Control Order. Such orders require notified products to comply...
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