[SMM Aluminum Flash News] Analysts Turn Bullish on Hindalco and Vedanta Amid Tightening Aluminium Market

Published: Jul 2, 2026 14:36

Save

Analysts remain optimistic on India's leading aluminum producers Hindalco Industries and Vedanta Aluminum, expecting their shares to rise around 20% over the next 9-12 months. Vedanta is projected to benefit from lower production costs, higher output and stronger cash flow, while Hindalco is expected to gain from Novelis' earnings recovery and upstream capacity expansions scheduled for 2028-2029. Although LME aluminum prices have corrected about 17% from recent highs, analysts believe tightening market fundamentals will continue to support prices. Industry estimates suggest the global aluminum deficit for 2026 has widened from 0.3 million tones to 1.5 million tones, providing positive support for aluminum producers.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Alumina Price Gains Narrow, and After Regional Mismatch Eases, Spot Alumina Center Under Pressure Pulls Back [SMM Alumina Weekly Review]

1 hour ago

Data: SHFE, DCE market movement (Jul 02)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 02 Jul , 2026

1 hour ago

2 hours ago

[SMM Aluminum Flash News] Australia's Wattle Children's Hospital Features Modular Aluminium Façade Design

Australian architectural firm Billard Leece Partnership (BLP) has completed the Wattle Building at The Children's Hospital at Westmead in Sydney. The 57,000-square-metre facility features a custom modular aluminium and terracotta façade, aluminium battens, high-performance glazing and energy-efficient building systems. The project combines sustainable aluminium architecture with child-friendly, biophilic design to create a modern healthcare environment focused on wellbeing and family-centred care.

2 hours ago