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LME aluminium cash offer price falls 0.25% on July 10 as opening stocks decline to 289,225t
LME aluminium prices moved lower across cash, three-month and forward contracts on July 10, with the three-month segment recording the sharpest decline of up to 0.50 per cent. The LME aluminium cash bid price stood at USD 3,155.5 per tonne on July 10, down USD 7.5 per tonne or 0.24 per cent from USD 3,163 per tonne on July 9. The cash offer price fell USD 8 per tonne or 0.25 per cent to USD 3,156 per tonne from USD 3,164 per tonne a day earlier. In the three-month segment, the bid price declined USD 16 per tonne or 0.50 per cent to USD 3,152.5 per tonne on July 10 from USD 3,168.5 per tonne on July 9. The three-month offer price also dropped USD 16 per tonne or 0.50 per cent, reaching USD 3,153 per tonne compared with USD 3,169 per tonne in the previous session. December 2027 contracts...
UK’s aluminium scrap requirement estimated to hit 6Mt by 2035 - here’s how the country plans to retain more scrap and curb leakage
The UK has an ambitious aluminium scrap equation to solve. Domestic industry is forecast to require as much as 6 million tonnes of aluminium scrap for recycling by 2035 to support the government’s projected 8 million tonnes of aluminium demand across sectors. Yet much of the metal needed to support that future is already flowing in the opposite direction. The UK exports almost half the aluminium scrap it generates, while imports fill only 27 per cent of the resulting gap. The trend has continued into 2026, with scrap exports rising 9 per cent year on year to 217,611 tonnes during January–April, from 200,374 tonnes a year earlier. This is where the UK’s recycling ambition meets a difficult market reality. Scrap is becoming increasingly important at home, but overseas buyers are competing...
Aluminium Association of India seeks BIS implementation amid concerns over low-grade aluminium scrap dumping
The Aluminium Association of India (AAI) has called on the Centre to immediately notify the long-pending BIS standards for aluminium scrap, warning that a surge in imports could turn India into a dumping ground for substandard material. In representations submitted to the Ministry of Finance and the Ministry of Mines, AAI described aluminium as a “future-facing strategic material” with applications across power, transport, infrastructure, defence, aerospace, packaging, electronics, utensils and renewable energy. The association cautioned that unchecked entry of aluminium scrap could have wider economic consequences, affecting product quality, consumer safety, manufacturing competitiveness and the credibility of India’s aluminium value chain. AAI seeks duty protection and grade-wise HSN...
JPMorgan expands stake in Chalco with $11.9m H-share acquisition
JPMorgan has increased its long position in Aluminum Corporation of China (02600.HK) to 6.04 per cent from 5.72 per cent after acquiring an additional 12.6864 million H-shares. According to a filing disclosed by the Hong Kong Stock Exchange on July 8, the shares were purchased on July 2 through both on-exchange and off-exchange transactions. The average purchase price stood at HKD 7.4087 per share for on-exchange transactions and HKD 7.4168 per share for off-exchange transactions. The acquisition was valued at approximately HKD 93.9896 million (USD 11.9 million). Following the transaction, JPMorgan’s total holding in Aluminum Corporation of China rose to 239 million shares. Why does the transaction require disclosure? Under Hong Kong Stock Exchange requirements, major shareholders -...
LME aluminium cash offer price rises 0.71% as renewed Middle East crisis fuels market uncertainty
LME aluminium prices moved higher on July 8, with both cash and three-month contracts recording gains from the previous session, amid renewed geopolitical uncertainty in the Middle East. Market sentiment remained cautious as reports of fresh attacks and heightened tensions between the US and Iran raised concerns over the durability of ongoing peace efforts and the reopening of the Strait of Hormuz, a critical route for global energy and commodity shipments. The LME aluminium cash bid price rose to USD 3,140.50 per tonne on July 8 from USD 3,118 per tonne on July 7, marking a day-on-day increase of 0.72 per cent. The cash offer price climbed 0.71 per cent to USD 3,141 per tonne from USD 3,119 per tonne. A similar upward trend was seen in the three-month contract. The LME aluminium...
Vedanta Aluminium’s ₹250bn setback puts its ‘crown jewel’ story to the test
Vedanta Aluminium was seen as the “crown jewel” of Anil Agarwal’s Vedanta demerger. But less than a month after listing, it has become the weakest performer among the four newly listed entities. Since its June 15 debut, the stock has fallen 12 per cent from its listing price of INR 527, wiping out more than INR 250 billion in investor wealth. Its demerged siblings have moved in the opposite direction. Vedanta Power has gained 9 per cent from its listing price of INR 42, Vedanta Iron & Steel has surged 84 per cent from INR 22, and Vedanta Oil & Gas has risen 10 per cent from INR 39. The divergence raises a key question: why is Vedanta Aluminium struggling when brokerages remain positive on its longer-term outlook? Aluminium price correction weighs on the stock The fall in Vedanta Aluminium...
Germany’s aluminium scrap exports rise 8.8% in Q1 2026 amid weak domestic demand and overseas pull: What does the trend reveal?
As aluminium producers place greater emphasis on recycled metal, scrap has become an increasingly important part of the wider aluminium value chain. Against this backdrop, Germany entered 2026 with a shift in its export picture, as aluminium scrap shipments moved higher after declining on an annual basis in 2025. Germany exported 311,491 tonnes of aluminium scrap to the global market in Q1 2026, up marginally by 0.5 per cent from 310,057 tonnes in Q1 2025. The increase was more pronounced on a quarterly basis, with exports rising 8.8 per cent from 286,285 tonnes in Q4 2025. The change in direction came at an interesting time for Germany’s aluminium industry. Recycled aluminium production weakened, semi-finished output declined and demand from automotive, construction and mechanical...
LME aluminium cash price rises 0.60% to $3,079.5/t on July 3 as stocks decline further
LME aluminium prices moved up across cash and three-month contracts on July 3, while exchange opening stocks declined from the previous trading day. Forward prices also strengthened, with live warrants remaining unchanged and cancelled warrants falling. The LME aluminium cash bid price stood at USD 3,079.5 per tonne on July 3, up 0.60 per cent from USD 3,061 per tonne on July 2. The cash offer price also increased by 0.60 per cent to USD 3,080 per tonne from USD 3,061.5 per tonne. Similarly, the LME aluminium three-month bid price rose by 0.70 per cent to USD 3,086 per tonne on July 3 from USD 3,064.5 per tonne on July 2. The three-month offer price increased by 0.72 per cent to USD 3,087 per tonne from USD 3,065 per tonne. For the December 2027 contract, the bid price stood at USD 3,022...
Türkiye’s 120 GW renewable target puts grid modernisation and aluminium demand in focus
Türkiye’s plan to scale combined solar and wind capacity to 120 GW by 2035 is putting pressure on a less visible part of the energy transition: the networks required to carry growing volumes of electricity. With around USD 80 billion of investment expected in the renewable energy sector, the expansion is also bringing materials such as aluminium into sharper focus because of their role in cables, transmission lines, distribution networks and solar energy systems. That need is likely to become more pronounced as power demand rises. The International Energy Agency (IEA) expects electricity consumption in Türkiye to continue growing in the coming years, driven by industrial development, the digitalisation of the economy and increasing energy demand. As new generating assets come online, grid...
Vedanta Aluminium output rises 5% Y-o-Y to record 632,000 tonnes in Q1 FY27
Vedanta Aluminium Metal Limited opened FY27 with higher output across key parts of its operations, as new smelter volumes and improved efficiency at existing lines supported aluminium production, while expansion-led gains drove a sharp increase in alumina output. For the quarter ended June 30, 2026, aluminium production reached a record 632,000 tonnes, up 5 per cent from 605,000 tonnes in Q1 FY26 and 3 per cent from 613,000 tonnes in Q4 FY26. The company attributed the increase to volumes from a new smelter and operational efficiency across existing lines. The production gains were accompanied by a stronger value-added mix. Value-added production rose to a record 389,000 tonnes, increasing 14 per cent from 342,000 tonnes a year earlier and 4 per cent from 373,000 tonnes in the preceding...
From seized Chinese aluminium to giga-casting and new downstream plants, global value chain shifts gear
The global aluminium industry saw activity across trade enforcement, downstream expansion, automotive technology, corporate restructuring and end-user markets, with developments stretching from the United States and Europe to China, Ghana, India and Southeast Asia. While a major US customs case involving Chinese aluminium moved towards its final chapter, fresh investments and supply agreements pointed to continued expansion in value-added products. At the same time, cost pressure and new casting technologies were reshaping the automotive supply chain, while aluminium gained ground in applications ranging from electric vehicles and wiring to beverage cans, bicycles, smartphones and premium construction systems. Trade flows shift as the US closes a decade-long case and China’s exports...
Japan’s Q3 aluminium premium hits 11-year high at $395/t as physical supply tightens
Some Japanese aluminium buyers have agreed to pay global producers a premium of USD 395 per tonne over the London Metal Exchange benchmark for July-September 2026 shipments, up 12–13 per cent from the previous quarter, according to industry sources. The premium compares with USD 350–353 per tonne paid for April-June deliveries and marks the third consecutive quarterly increase. It is also the highest since January-March 2015, when premiums touched USD 425 per tonne. Japan is a major aluminium importer in Asia, making its quarterly premium settlements an important reference for primary metal shipments. The premium is paid on top of the prevailing LME aluminium price. Another step up from Q2 The latest settlement extends a rise that was already evident in the second quarter. Japanese buyers...
How nearly 6Mt of aluminium dross is driving the next wave of recovery technologies and building circular value chains
Every tonne of aluminium produced creates more than just the finished metal. Across primary production and recycling, the processes generate aluminium dross-an oxide-rich material that is increasingly attracting attention across the industry. Global aluminium dross generation is projected to rise from 5.86 million tonnes in 2025 to 6.04 million tonnes in 2026, marking a 3.1 per cent increase, with volumes expected to grow by a further 13.4 per cent by 2030 and 5.7 per cent by 2032. The rise is being driven by expanding aluminium production and, increasingly, the rapid growth of secondary aluminium recycling. This growing waste stream includes white dross, mainly generated during primary aluminium production and clean metal melting, and black dross, which typically arises from secondary...
Ireland probes Russian-linked Aughinish Alumina exports after Zelenskyy calls for EU sanctions
Ireland has pledged to ensure that alumina produced at the Russian-owned Aughinish Alumina refinery is not used to support Russia's military, after Ukrainian President Volodymyr Zelenskyy urged the European Union to sanction the facility during his visit to Dublin. Speaking at a joint press conference on Wednesday following bilateral talks with Zelenskyy, Irish Prime Minister Micheál Martin said the government's investigation into Aughinish Alumina's potential involvement in supplying material for Russian weapons production was nearing completion. "We do not want to be in a position where material emanating from a plant in Ireland goes to support the Russian war machine," Martin said. He added that the investigation would conclude soon, after which Ireland would discuss the findings with...
Samsung and SK Hynix: How South Korea came to power two-thirds of the world's memory chips
Pick up almost any electronic device made over the past five years—a smartphone, an AI server, a laptop or an autonomous-driving computer. Hidden beneath the casing, the memory chips inside are likely to have been manufactured in just three South Korean cities: Hwaseong, Pyeongtaek or Icheon. Even more remarkable is that those chips were probably made by only two companies—Samsung Electronics and SK Hynix. Together, they produce roughly two-thirds of the world's memory chips and have a combined market capitalisation of more than USD 700 billion. That reality would have been almost impossible to imagine in 1953. South Korea had no semiconductor industry, no precision-manufacturing ecosystem, no advanced engineering workforce and no capital markets capable of supporting such an industry....
Aluminium heads for biggest monthly loss since 2008: Here's why
Aluminium is on course for its steepest monthly decline since October 2008 as improving expectations for Middle Eastern supply rapidly unwound the rally triggered by the Iran conflict.The metal has dropped more than 15 per cent so far in June after an interim US-Iran peace deal boosted optimism that shipments from the Middle East would resume with the reopening of the Strait of Hormuz. The development erased gains accumulated over the previous three months, which had been driven by concerns over disruptions from a region that accounts for nearly one-tenth of global aluminium output. The market's reversal has also been supported by record aluminium exports from China and continued voyages through the Strait of Hormuz to replenish alumina reserves. Over the past few weeks, the London Metal...
NALCO targets $2.22bn FY 27 revenue on expected aluminium price stability and higher alumina output
National Aluminium Company (NALCO) expects its revenue from operations to increase to around INR 190 billion (USD 2.22 billion) in FY 2027, supported by stable aluminium prices, higher production from its new alumina refinery and easing input costs. Chairman-cum-Managing Director Brijendra Pratap Singh said the company expects aluminium prices to stabilise at around USD 2,900-3,000 per tonne, supported by healthy demand and tight market fundamentals despite concerns over additional global supply. Singh said, “The LME inventories are low, the demands are there, and the disruptions in the alumina smelters in refineries, which has happened, that is going to come in next maybe six months, seven months. So demand supply gap is there. Our expectation is that the prices will stabilise somewhere...
EU proposes 15% tax on aluminium scrap exports to secure recycled metal supply
The European Union is preparing to introduce a 15 per cent levy on aluminium scrap exports in a move aimed at keeping more recyclable metal within the bloc as competition for critical raw materials intensifies. According to industry sources, the proposal is expected to be presented on September 9 and would mark the first time Brussels has imposed charges on goods leaving the EU. The proposal comes as European aluminium producers warn that increasing overseas demand is drawing valuable scrap away from the region. They argue that smelters in markets such as Asia and the United States, benefiting from stronger margins, are able to outbid European buyers, remelt the scrap into primary products and ship the aluminium back into the EU. The issue has become more pronounced in recent months after...
