【SMM Aluminum Flash News】Hindalco Reports 59% Profit Jump to $800M, Driven by Higher Metal Prices and Production

[SMM Aluminum Flash] According to CAAM data, auto production and sales in October reached 3.063 million and 3.016 million units, up 2.5% and 2% MoM, respectively, but down 8.8% and 9.2% YoY. From January to October, auto production and sales totaled 26.318 million and 26.286 million units, down 5% and 5.1% YoY, respectively. In October, NEV production and sales reached 2.017 million and 1.9403 million units, up 13.8% and 13.1% YoY, respectively. From January to October, NEV production and sales totaled 14.509 million and 14.411 million units, up 11.5% and 11.3% YoY, respectively, with NEV sales accounting for 54.8% of total new vehicle sales. According to CAAM analysis, in October, auto production and sales rose MoM but edged down YoY. Exports maintained strong resilience, with monthly exp

According to a document released by National Aluminium Company Limited (NALCO) on November 4, the company plans to commission an expansion of its aluminium smelter in Angul, Odisha, by the 2030–31 fiscal year. This project will increase the annual smelting capacity by 500,000 tonnes, building upon the current capacity of 460,000 tonnes. The investment approved for the project is approximately 300 billion rupees. NALCO anticipates that this expansion will require an additional 1,100 MW of power. To this end, the company has partnered with NLC India to form a 50:50 joint venture for the construction of a captive thermal power plant. The proposed plan includes four 270 MW units, bringing the plant’s total installed capacity to 1,080 MW. Furthermore, NALCO is considering the integration of 200 MW to 250 MW of renewable energy into the project.

On November 6, Guangxi Xinhuang New Material Technology Co., Ltd. held a completion and commissioning ceremony for its project with an annual production capacity of 40,000 tons of aluminum rods and an additional 10,000 tons of enameled aluminum wire. The project, which represents a total investment of 100 million yuan, consists of a first phase featuring a production line for 40,000 tons of aluminum rods annually, while the second phase involves the planned construction of 20 enameled wire production lines along with supporting facilities. The company specializes in the R&D, production, and sales of aluminum rods, aluminum wires, and enameled wires—products that serve as essential components for sectors such as hardware manufacturing, power, new energy, and electronic components.