LME aluminium prices strengthened across cash, three-month and December 27 contracts on November 11, 2026, as declining exchange inventories and constraints on immediate metal availability continued to support the market. The cash offer price rose 2.76 per cent to USD 3,223.5 per tonne , compared with USD 3,137 per tonne on November 10. The cash bid price also increased by 2.81 per cent, reaching USD 3,223 per tonne from USD 3,135 per tonne in the previous session. The LME aluminium three-month bid price advanced 1.22 per cent to USD 3,062 per tonne from USD 3,025 per tonne, while the corresponding offer price climbed 1.22 per cent to USD 3,064 per tonne from USD 3,027 per tonne. Similarly, the December 27 bid price rose 0.96 per cent to USD 2,930 per tonne, compared with USD 2,902 per...
Monster Beverage Corporation reported record third-quarter net sales of USD 2.56 billion in 2026, marking a 16.7 per cent year-on-year increase, even as higher aluminium can and freight costs contributed to a decline in gross profit margin. The beverage manufacturer said rising aluminium costs, alongside a shift towards faster-growing but lower-margin international markets, weighed on profitability during the quarter. According to the company's Q3 2026 earnings call, gross profit margin declined by 100 basis points to 54.7 per cent from 55.7 per cent in the corresponding quarter of 2025. Management identified increased aluminium can costs, geographical sales mix and higher freight expenses as the primary factors behind the contraction, partly offset by pricing actions. Chief Executive...
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Italy-based luxury yacht conglomerate Overmarine Group’s first model of newly revealed 49.9-metre Mangusta Oceano 50 superyacht is reportedly under construction and is due to be completed during 2020. Aluminium is the main metal that gives shape to this vessel. Designer Alberto Mancini, who is designing this vessel along with the company’s in-house team says, “ Almost as if the aluminium were moulded onto a living thing in motion .” The design of the vessel is such that it ensures to optimise exterior and interior volumes and offers ample amenities. Areas such as the aft cockpit with private seating area and garage that converts into a spacious beach club are just some of the innovative features of the Mangusta Oceano 50. The interior is designed in a way that guests can enjoy the full...
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 1.59 million tonnes as of Thursday April 18, Shanghai Metals Market data showed. Inventories declined by about 49,000 tonnes from Thursday April 11. Continued resumption of downstream demand lowered the primary aluminium inventories. In Wuxi, Jiangsu, and Nanhai, Guangdong, stocks of primary aluminium declined 14,000 tonnes and 15,000 tonnes from Thursday April 11 to stand at 572,000 tonnes and 359,000 tonnes respectively. Stocks in Gongyi, Henan and Hangzhou, Zhejiang dropped to stand at 131,000 tonnes and 118,000 tonnes. The chart below indicates the current status of primary aluminium inventory across China: In another update from SMM, A00 aluminium ingot price records...
Metal Exchange Corporation (MEC) has announced a new joint venture with Novellini Industries; located in Mantova, Italy. The newly formed company called novALmec will enhance its aluminium billet supply capability to the European market. Metal Exchange Corporation, a privately owned business at St. Louis, Missouri has a worldwide procurement network in aluminium scrap markets. They remelt aluminium scrap and cast into billets. The company has four decades of expertise in billet casting, sales and marketing in the US. Novellini, on the other hand is contributing its 22,000 tonne state-of-the art foundry for the production of secondary aluminium billets and its upstream scrap processing facility and its solid customer base towards the joint venture. The joint venture company will have a...
The Chinese tech giant Xiaomi has reportedly unveiled an electric bicycle named Himo C20. It is a pedal assisted e-bike that comes with an aluminium frame and thus, weighs just 21 Kgs. Specially designed for daily city use, Himo C20 e-bike provides a range of around 80 Kms, powered by a 36V 10Ah lithium-ion battery that can hold up to 360 Wh of electric charge. The company claims the charging time of the battery is six hours, which is a lot for a battery of this size. Himo C20 gets a hub-mounted 250W DC brushless electric motor placed to the rear wheel of the bicycle. The motor helps the e-bike to propel to a top speed of around 40-45 kmph. Himo also has 20-inch rims fitted with high profile tyres, which should help the rider pedal through the rough with ease. Now coming to the styling,...
According to Shanghai Metals Market (SMM), 6063 aluminium billet inventories saw a greater decline this week across five major consumption areas in China. As of Thursday, April 18, the inventories fell some 9,800 tonnes from a week ago and came in at 98,600 tonnes, SMM data showed. Higher demand from construction depleted inventories and it was the sixth consecutive week that aluminium billet inventories fell. In major cities like Foshan and Guangdong, the aluminium billet inventories as on today are hovering at 64,600 tonnes while that in Wuxi and Jiangsu at 18,500 tonnes. For more details, refer the chart below. However, in this background, aluminium alloys (ADC12) price has remained restrained today, April 18, at RMB 14,650 per tonne. Also, the price in the east, south, and west is...
Aluminium Foil is the 276th most traded product and China remains the top global exporter of aluminium foil exporting foils worth about US$3.4 billion every year. Aluminium foil being one of the most exported product by China, we would analyse if the exports were impacted by the import tariffs and anti-dumping investigations initiated by the US. {newsStudioGallery} China’s aluminium semi-finished products (“semis”) were partially hit by the fact that imports from the largest supplier to the U.S. market in the previous three years almost halved in 2018. Tariffs undoubtedly played a part in the drop, but product-specific anti-dumping duties and a saturation of supply-chain dependence between the US and China was also another driver. US tariffs actually diverted the foil export from China to...
Jamaica's Member of Parliament Phillip Paulwell opines in the 2019/20 Sectoral Debate in the House of Representatives that the bauxite and alumina sector in Jamaica remains positive as the industry’s future looks promising based on the increasing demand worldwide. He also expressed satisfaction for the recommencement of operations at Jamaica’s Alpart plant under the management of Chinese firm, Jiuquan Iron and Steel Company (JISCO). “I'm pleased to see renewed life and energy in the towns surrounding the plant. I'm glad with the growing levels of employment and the many corporate contributions to the community. I'm happy for the sharing of technology and training of Jamaicans at Chinese universities. JISCO is indeed making a difference in the Jamaican economy; we are pleased that JISCO...
Alcoa Corporation released first quarter 2019 results yesterday and reported a net loss of US$199 million compared to net income of US$51 million in Q4 2018. The 2019 first quarter results include the impact of US$156 million for special items driven by the dismissal of two smelters in Spain. Commenting on the results, President and Chief Executive Officer Roy Harvey said, “We improved our operations in the first quarter, even as alumina and aluminium prices weakened.” “Our Bauxite and Alumina segments increased their production rates, and we took steps last quarter to restructure our Aluminum portfolio.” Excluding the impact of special items, first quarter 2019 adjusted net loss dropped to US$43 million from net income of US$133 million in 2018. Adjusted EBITDA excluding special items...
The US dollar weakened against a basket of foreign currencies on Wednesday as better-than-expected economic data in China bolstered risk appetite. LME base metals traded mixed on Wednesday. LME aluminium dipped 0.05% and SHFE aluminium advanced 0.5%. Three-month LME aluminium came off from a week-high of US$1,872.5 per tonne to end marginally lower at US$1,852.5 per tonne on Wednesday. Cash settlement price stood at US$ 1840.50 per tonne at the closing, a slight gain from previous day. LME aluminium has been on a steady downward curve from the beginning of April. With limited support from fundamentals, LME aluminium is expected to trade between US$1,840-1,880 per tonne today. As on April 16, LME aluminium cash (bid) price stood at US$ 1840 per tonne, LME official settlement price stands...
According to Shanghai Metals Market, the average alumina price has recorded a rise today, on April 18, after continually falling for over three months. From the beginning of 2019 until yesterday, the alumina price saw an incessant fall, ranging between RMB 2,934 per tonne and RMB 2,646 per tonne. The price today has grown by RMB 19 per tonne to RMB 2,665 per tonne; therefore, could not beat the price of the same period last month. On March 18, the price was at 2,713 per tonne, up by RMB 48 per tonne. In the markets of east, central, and north China, the average alumina price has grown by RMB 20 per tonne to RMB 2,680 per tonne, RMB 2,670 per tonne and RMB 2,660 per tonne, respectively. In the south, the price has increased by RMB 15 per tonne to stand at the same price (RMB 2,660) that in...
Welsh aluminium fabricator Dudley’s Aluminium has appointed Dave Ramsay as their new Installations Manager. With over 30 years’ experience in the industry, Dave Ramsay will support the Cardiff-based team in a new series of projects, including the Taff Vale Redevelopment in Pontypridd town centre. Dave said: “I have seen Dudley’s Aluminium grow over the years to become the market leader within the region. They’ve played a significant part in shaping Cardiff’s city centre and I am very excited to be a part of this well-established company and I look forward to working on innovative projects, like the Taff Vale Redevelopment in Pontypridd town centre, which will benefit the local communities.” Dudley’s Aluminium manufactures aluminium curtain-walling, windows, shop-fronts, automatic and...
The Aluminum Association has released its first new material registration record in nearly 20 years. The record called “purple sheets” will provide chemical designations for aluminium powder used in 3D printing or additive manufacturing. The purple sheets are addition to its “rainbow sheet” series, which provides aluminium alloy designations. Aluminum is the first materials industry to develop such a system for 3D printing. The Association granted its first registration for a high-strength aluminium alloy produced by HRL Laboratories. The company makes aluminium alloy powder and then 3D print the alloys. “The purple sheets are a true game-changer for the aluminum industry,” said Jerome Fourmann, global technical director at Rio Tinto Aluminum and chairman of the association’s Technical...
The metals trading startup Concord Resources reported double profits in 2018 on account of price volatility in alumina and aluminium market driven by US sanctions on Rusal. “It was a year of exceptional opportunities,” said Chief Executive Officer Mark Hansen. “The sanctions on Rusal created disruptions across the aluminium and alumina supply chain and we were able to execute on those opportunities outstandingly well.” Concord registered a net income of US$43.4 million last year. After the U.S. sanctions on Rusal in April, alumina prices skyrocketed to more than US$700 a ton within a week. Concord has a long-term contract to buy alumina from a refinery in Louisiana. It also bought a stake in the parent company New Day Aluminum Holdings LLC. Operating profit for Concord rose 77 per cent to...
Novelis supplies premium aluminium automotive body sheet to Toyota Motor Corporation for 2019 Toyota RAV4. Novelis' lightweight, high-strength aluminium helps RAV4, Toyota's number-one-selling vehicle and the best-selling non-pickup-truck in the country, achieve weight savings. Marco Palmieri, Senior Vice President and President, Novelis North America said:"Novelis is proud to expand our partnership with Toyota as the company takes the RAV4 to the next level of safety, performance and style.” "We are confident that the unparalleled quality and strength of Novelis aluminium will help Toyota exceed the high expectations of new and loyal RAV4 owners." Novelis supplies Advanz™ 6HS – s600 and Advanz™ 6HS – e600, which are heat treatable alloys, to meet Toyota’s needs. Novelis engineers and...
Gillespie & Powers Inc. has announced that they have signed an agreement with Matalco to supply one 115,000 lb. Tilting Melting Furnace, one (1) 115,000 lb. Tilting Holding Furnace, three (3) 120,000 lb. Batch Homogenizing Ovens and two (2) 120,000 lb. Batch Coolers with Charging Car and related equipment. The equipment will be supplied to support their business expansion in Wisconsin Rapids, Wisconsin. This equipment is likely to be operational by June 1, 2020. Matalco Inc. is an independent company engaged in the remelt and manufacturing of aluminum billets for the aluminum extrusion industry. Matalco’s US$80 million aluminium recycling plant in Wisconsin Rapids got preliminary approval from the city's Finance and Property Committee for the project. They expect to have a ground breaking...
According to the report from the Ministry of Finance, the bauxite production in Guyana in the mid-2018 was at 900,000 tonnes, up 21.1 per cent from the same period of 2017 and the highest since 2013. This indicates that momentum in the bauxite industry, which had begun at the end of 2017 continued through 2018. The Ministry said bauxite companies were able to maintain high levels of production in response to favourable market conditions. {newsStudioGallery} With the increase in bauxite production in Guyana, the country’s bauxite export also continued to see a jump. While in 2016 Guyana’s estimated bauxite export was at 1.33 million tonnes, in 2017 it increased to 1.38 million tonnes, up 3.8 per cent, according to our third-party data. This hike in Guyana’s bauxite export extended further...
The US dollar index extended its gains above 97 on Tuesday with the weakening of the euro. LME base metals traded lower on Tuesday. LME aluminium fell 0.5% and SHFE aluminium gained 0.5%. The robust greenback pulled down the three-month LME aluminium 0.5% to close at US$1,853.5 per tonne on Tuesday. It is expected to trade between US$1,840-1,880 per tonne today as traders failed to find direction from fundamentals. LME cash settlement price also closed lower on Tuesday from previous closing. As on April 16, LME aluminium cash (bid) price stood at US$ 1838 per tonne, LME official settlement price stands at US$ 1839 per tonne; 3-months bid price stands at US$ 1855 per tonne, 3-months offer price is US$ 1856 per tonne; Dec 20 bid price stands at US$ 1985per tonne, and Dec 20 offer price...
A00 aluminium ingot prices registered a jump across all major markets in China on Wednesday, 17 April 2019. Ingot price recorded a rise of RMB160 per tonne or 1.16 per tonne from yesterday. A00 ingot price rose from RMB13810 per tonne to RMB13970 per tonne. Spot aluminium contract is expected to be traded at discount of RMB30 per tonne to premium of RMB10 per tonne. The average price is likely to range at RMB13950-13990 per tonne. The ingot price in East Wuxi and East Hangzhou increased RMB130 per tonne and RMB135 per tonne to stand at RMB13960 per tonne and RMB13980 per tonne. Aluminium ingot prices in North market and South market stood at RMB13970 per tonne and RMB13920 per tonne today. The price of Aluminium Alloy (A356) increased RMB100 per tonne to range at RMB14650-14750 per tonne...
