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LME aluminium slips to USD 2,826 per tonne—market sentiment turns cautious
After a good gain on Wednesday, October 29, the London Metal Exchange (LME) aluminium price slipped drastically on Thursday, October 30. On Thursday, the LME cash bid fell by USD 66 per tonne or 2.3 per cent to reach USD 2,825 per tonne, down from USD 2,891 per tonne. Similarly, the LME cash offer also dipped by USD 65.5 per tonne or 2.3 per cent to reach USD 2,826 per tonne, down from USD 2,891.5 per tonne. At the same time, both the LME 3-month bid and offer fell by USD 46 per tonne or 1.6 per cent for each to settle finally at USD 2,845.5 per tonne and USD 2,846 per tonne respectively. For forward contracts, both the December 26 bid and offer fell by USD 41 per tonne or 1.4 per cent and reached USD 2,862 per tonne and USD 2,867 per tonne, respectively. The LME aluminium three-month...
Constellium’s Q3 momentum signals what’s next for 2025 and beyond
Constellium has delivered a strong performance in the third quarter of 2025, showcasing steady growth across all major segments. With impressive financial results, some key leadership changes and a clear plan for future profitability, the company is in a great position to keep its upward trend as it moves into the next fiscal year. Overall highlights: Focus Q3 & first 9 months 2025 In the third quarter of 2025, the company reported shipments totalling 373 thousand tonnes, marking a 6 per cent increase compared to the same period last year, due to higher volumes across all operating segments. Revenue jumped by 20 per cent to reach USD 2.2 billion, fueled by stronger shipments and an increase in revenue per tonne, which was influenced by rising metal prices. Jean-Marc Germain, CEO &...
A billion-dollar plan or a trillion-dollar risk? Inside the US–Australia rare earth & critical minerals deal
The United States and Australia have officially shaken hands to boost the supply chain for rare earths and other essential minerals. This strategic agreement aims to lessen their dependence on China's market control. Australian Prime Minister Anthony Albanese pointed out that this partnership will support a series of "ready-to-go" projects valued at USD 8.5 billion. With the rising demand for rare earths and critical minerals, China has begun to limit access to these supplies in response to new US tariffs and ongoing tensions. China currently holds a staggering 70 per cent of the world's rare earth mining and an impressive 90 per cent of the processing of these essential materials. These rare earths are crucial for a wide range of products, from defence equipment to computer chips and...
Granges defies market slowdown with bold Q3 aluminium gains
Granges, a Stockholm-based player in the aluminium rolling and recycling industry, has just shared its financial results for the third quarter of 2025. The company is celebrating a remarkable 25 per cent increase in sales volumes compared to the same period last year. With total sales hitting 153.4 thousand tonnes (around 169.1 thousand short tonnes), this achievement highlights the strong market demand and impressive operational growth across its main business areas. The Swedish company runs six rolled aluminium production plants spread across three continents, boasting a total annual capacity of 800 thousand tonnes (which is about 882 thousand short tonnes). The company serves a diverse array of industries, including automotive, HVAC, electrification and battery components, as well as...
Aluminium under pressure: AAI urges reforms to secure India’s industrial base
The Aluminium Association of India (AAI) is urging the Department for Promotion of Industry and Internal Trade (DPIIT) and the Ministry of Finance to take swift action to prevent a looming aluminium shortage in the country, reminiscent of the issues seen with critical and rare minerals. AAI’s appeal Highlighting the sector's impressive investment potential of over INR 20 lakh crore (USD 240 billion), the association is calling on the government to ensure fair access to the domestic market and to stop India from becoming a dumping ground for global aluminium, especially with the increasing geopolitical tariff and non-tariff barriers. In its recommendations, AAI has suggested implementing a 15 per cent fundamental customs duty on all aluminium products under Chapter 76 and enforcing strong...
LME aluminium retreats to USD 2,859/t, a temporary dip or trend ahead?
The London Metal Exchange (LME) aluminium price witnessed a sharp decline on Tuesday, October 28. However, the live warrants and the price of aluminium platts remained unchanged from the previous close. As of Tuesday, October 28, both the LME cash bid and offer price declined by USD 20 per tonne or 0.7 per cent, where the bid went down from USD 2,878.5 per tonne to USD 2,858.5 per tonne and the offer from USD 2,879 per tonne to USD 2,859 per tonne. Concurrently, the 3-month bid and offer also fell by USD 16 per tonne or 0.6 per cent, where the bid settled at USD 2,860.5 per tonne from USD 2,876.5 per tonne and the offer at USD 2,861 per tonne from USD 2,877 per tonne. A similar trend has been witnessed in the December 26 contract bid and offer price as well, where both plunged by USD 13...
Market pulse to decide fate of Kaiser Aluminium’s senior notes offering
Kaiser Aluminum Corporation has shared plans to issue USD 500 million in senior notes that will mature in 2034. This offering will be conducted through a private transaction, which means it’s exempt from the registration requirements outlined in the Securities Act of 1933, as amended. Issuing of these notes will be backed by all current and future domestic subsidiaries of the firm that act as borrowers or guarantors under the company’s revolving credit facility. The firm is looking to use the money raised from its upcoming senior notes offering, along with funds from its revolving credit line and current cash reserves, to pay off all of its outstanding 4.625 per cent senior notes that are due in 2028. However, the success of the notes offering will depend on the current market conditions....
Behind Tata Motors’ Q3 stability lies a strong EV pulse and JLR surge
Tata Motors has shown a solid performance in the third quarter, due to its strong position in the electric vehicle (EV) market and the impressive contributions from Jaguar Land Rover (JLR). Although some domestic sectors have seen a slowdown, the company’s commitment to innovation, operational efficiency and sustainability is driving its growth. Tata Motors’ performance Tata Motors, a major player in India's automotive industry, has just shared its financial results for the third quarter, showcasing a solid performance across its various business divisions. The company's consolidated revenue reached INR 119.5 thousand crore (USD 14.4 billion), reflecting a slight year-on-year growth of 0.4 per cent. Additionally, the company’s EBITDA reached INR 16.7 thousand crore (USD 2.0 billion), due...
Profits cool for Egyptalum as Q1 FY2025/26 reveals a 43% slump
Egyptalum or Egypt Aluminum, the largest aluminium producer in Egypt and a key player in Africa's industry, has announced a significant 43 per cent drop in net profits for the first quarter of FY2025/26 compared to last year. Net profit According to its most recent financial report, the Egypt-based company has seen a significant drop in net profit after tax, plummeting by 43 per cent year-on-year. In the first quarter of FY2025/26, their profit fell to EGP 2.415 billion (USD 50.7 million), down from EGP 4.232 billion (USD 88.9 million) during the same period last year. Earnings per share The company has announced its basic earnings per share (EPS) for the first quarter of FY2025/26, which stands at EGP 5.86 (USD 0.12). This represents a notable drop compared to EGP 10.26 (USD 0.22) from...
Vedanta’s INR 1 lakh crore Odisha project gains momentum as new developments unfold
Odisha's Chief Minister Mohan Charan Majhi met with Vedanta Group Chairman Anil Agarwal on Thursday to lay out a strategic investment plan aimed at boosting the state's industrial and economic growth. Their discussion centred on how Vedanta's ambitious development projects can align with the Prime Minister's vision of "Viksit Odisha for Viksit Bharat." October 2024: Vedanta's assurance to the Odisha government The company is to invest around INR 1 lakh crore (USD 12.05 billion) in Odisha. This investment will fund the establishment of a 6 million tonnes per annum alumina refinery and a 3 million tonnes per annum aluminium smelting and production plant. These projects will harness renewable energy sources, aim to create approximately 2 lakh jobs and foster a robust ecosystem of MSMEs,...
Investor write-down casts long shadow over Tomago’s future
One of the major shareholders in the Tomago aluminium smelter, situated north of Sydney, has decided to write down the value of its investment in the facility to zero. This move raises serious concerns about the smelter's long-term viability as the largest single consumer of electricity in Australia's national grid. The future of the smelter is looking increasingly challenging, especially with rising energy costs and ongoing market uncertainties. Hydro's share in the Tomago aluminium smelter Norsk Hydro, which employs more than 1000 people, with the majority ownership held by Rio Tinto, has informed its investors about its challenging situation in finding renewable power which is affordable, indicating uncertainty in the near future concerning the plant. The firm owns a 12.4 per cent...
Cash aluminium climbs to USD 2,845/t on LME; inventories shed nearly 4,600t
Aluminium prices on the London Metal Exchange (LME) saw a boost on Friday, October 24, as both cash and three-month contracts ticked up slightly, coinciding with a slight drop in warehouse inventories. On October 24, the LME aluminium cash bid stood at USD 2,852.5 per tonne, up USD 9.5 or 0.33 per cent from USD 2,842 per tonne on October 23. The cash offer rose USD 8 or 0.3 per cent, from USD 2,845 to USD 2,853 per tonne. The LME 3-month bid increased from USD 2,841.5 per tonne on October 23 to USD 2,851 per tonne on October 24, representing a gain of USD 9.5 or 0.33 per cent. The 3-month offer also climbed by USD 10 or 0.4 per cent, from USD 2,842 to USD 2,852 per tonne. For forward contracts, both the December 26 bid and offer price advanced USD 4 or 0.13 per cent, where the bid moved...
Weekly Upstream: LME swings, Japan premiums dive, bauxite spikes; metals markets in turmoil
The global aluminium and bauxite markets are currently experiencing a wave of volatility and changing dynamics. Bauxite is starting to carve out a significant place in international trade, challenging the long-held supremacy of iron ore. Meanwhile, India and China are at the forefront of export-import activities, setting records with their shipments and increasing demand. On the other hand, aluminium prices in LME markets have been quite erratic, influenced by mixed signals on supply. Japan's quarterly premiums have taken a nosedive, and various macroeconomic factors, like the ongoing US-China trade tensions and shifting interest rate expectations, are impacting both production and downstream consumption. Upsteam Weekly Recap by AL Circle Pvt Ltd Bauxite trade story Iron ore's grip on...
Q3 2025 results exceed expectations as Kaiser Aluminum powers through its investment cycle
Kaiser Aluminum, a leading manufacturer of semi-fabricated specialty aluminium products, has just released its Q3 2025 Form 10-Q. The report highlights impressive improvements in both financial and operational metrics, driven by innovative pricing strategies, effective cost management and focused capacity expansions. Financial highlights Revenue hit an impressive USD 843.5 million, marking a 13 per cent increase compared to last year, thanks in part to a 22 per cent jump in the average sales price per pound. Operating income surged to USD 48.8 million, a significant jump from USD 13.2 million just a year earlier, because of the better pricing strategies and tighter cost controls. A 28 per cent rise largely influenced the increase in the average selling price in the hedged cost of alloyed...
Alcoa Q3 2025 result: Gains, closures & projects shaping the future
Alcoa Corporation, a top player in the global market for bauxite, alumina and aluminium, has just shared its financial results for the third quarter of 2025. The company saw an uptick in production across both its alumina and aluminium sectors. However, it's worth noting that the quarterly performance was significantly affected by a few major one-time items that shaped the overall financial picture. Production update Alumina production saw a 4 per cent increase from the previous quarter, reaching 2.5 million tonnes. This boost was largely due to higher output from Australian refineries, which had less maintenance downtime during this period. In the aluminium segment, production rose slightly by 1 per cent to 579 thousand tonnes because of the ongoing efforts to restart the San Ciprián...
Global renewables poised to double by 2030, but are supply chains ready?
The world of renewable energy is booming, with global power generation capacity expected to more than double by 2030, as highlighted in the latest medium-term outlook by the International Energy Agency (IEA). This impressive growth is primarily fueled by the rapid rise of solar PV technology, even as we navigate challenges like supply chain issues, grid integration problems, financial obstacles and shifting policy environments. IEA’s report: Renewables 2025 According to Renewables 2025, which is the IEA’s main annual report on the renewable energy sector, it's expected that global renewable power capacity will grow by a whopping 4,600 gigawatts (GW) by 2030. That is same as the total power generation capacity of China, the European Union and Japan combined. The latest report has revised...
Odisha’s first 200 KLD ZLD plant: how Aditya Aluminium is redefining water conservation
Aditya Aluminium, part of Hindalco Industries Limited, has proudly launched Odisha’s very first 200 KLD Zero Liquid Discharge (ZLD) facility at its Sambalpur plant in Hirakud. This achievement marks a significant step forward in industrial water management, highlighting the company’s dedication to sustainable practices and innovative water conservation efforts. Investment, technology & more The company announced that its state-of-the-art facility, which represents an investment of around INR 20 crore (USD ), utilises cutting-edge Mechanical Vapour Recompression (MVR) technology to recycle and reuse industrial effluents right within the plant fully. The recent developments reflect Odisha’s renewed focus on sustainable industrial growth. During its latest 140th meeting, the State Level...
Aluminium holds firm at USD 2,818/t as inventory slips 0.33%
The London Metal Exchange (LME) aluminium price showed a sharp increase, reflecting the on-going fluctuations within the market. Both the LME cash bid and offer rose by USD 37 per tonne or 1.33 per cent, and each settled down at USD 2,817 per tonne and USD 2,818 per tonne, respectively. The 3-month bid and offer also showed a similar uptick when each rose by USD 30 per tonne and USD 29.5 per tonne, or 1.1 per cent, to reach USD 2,812 per tonne and USD 2,812.5 per tonne on Wednesday, October 22. For the forward contract, the LME December 26 bid and offer were whopped by USD 17 per tonne or 0.6 per cent, gaining ground at USD 2,832 per tonne and USD 2,837 per tonne. To know more about the global primary aluminium industry 2025 outlook, read " Global Aluminium Industry Outlook 2025 " The LME...
