- Chinese dumping hits aluminium industry hard
- Pottangi bauxite mine operations by June
Base metals prices on the London Metal Exchange (LME) remained range-bound d-o-d, with aluminium decreasing by 0.97% to $2,564/tonne (t). Meanwhile, inventories at LME-registered warehouses saw mixed trends d-o-d, with lead recording the highest gain of 8.63%.
Domestic market overview
In India’s non-ferrous metals markets, BigMint assessed domestic copper armature scrap at INR 794,000/t ex-Delhi, down by INR 1,000/t d-o-d. Aluminium Tense scrap prices remained flat d-o-d, with ex-Delhi at INR 197,000/t and ex-Chennai at INR 200,000/t.
Other market updates
NALCO shifts focus to UK market, unaffected by US tariff hike
National Aluminium Company Ltd (NALCO) reported a 77% surge in Q1FY26 profit to INR 1,064 crore, with revenues at INR 3,807 crore. CMD Brijendra Pratap Singh said the US tariff hike will not affect its business, as the company is eyeing the UK market that offers zero duty benefits and strong demand from EV and solar sectors. NALCO also plans to start operations at its Pottangi bauxite mines by June next year and is pushing ahead with a INR 34,600 crore expansion plan to meet India’s rising aluminium demand.
Aluminium extrusion makers urge FTA review amid chinese dumping
Indian aluminium extrusion manufacturers are urging the government to revisit FTAs with ASEAN and UAE, citing cheap Chinese imports rerouted through these regions. They claim production has dropped by 50% due to unfair competition, threatening domestic industry viability and jobs. The industry seeks anti-dumping measures and stricter origin rules to curb this growing crisis.
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