The London Metal Exchange (LME) aluminium price graph broke the rising streak on October 29, cooling after maintaining an upward trend for seven consecutive sessions. The session reported declines of nearly 1 per cent across the cash and near-term contracts over the October 28 close . The LME aluminium cash bid price dropped by 0.95 per cent from USD 3,100 per tonne to USD 3,070.5 per tonne. The offer price slipped from USD 3,101 per tonne to USD 3,071 per tonne, down 0.98 per cent day-on-day. Explore- Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The LME aluminium three-month bid slumped from USD 3,083.5 per tonne to USD 3,062 per tonne, decreasing by 0.7 per cent. The offer...
Vedanta Limited and Vedanta Aluminium Metal Limited (VAML) have posted their best second quarters (Q2) yet. Vedanta Limited’s Q2 2026 profit reached INR 6.2 billion (USD 651.22 million). Vedanta Aluminium reported profit after tax of INR 6.2 (USD 649.64 million), alongside an 83 per cent rise in EBITDA and record quarterly aluminium production of 649,000 tonnes. Here is how the Q2 FY27 metrics break down, entity by entity, and how they stack up when compared with each other. Vedanta Limited Q2 FY27: Financial performance Vedanta Limited reported an improved half-yearly performance with higher quarterly revenue, EBITDA and profit over the corresponding period of FY2026 . Financial highlights: H1 2027 and Q2 FY27 vs H1 2026 and Q2 FY26 Revenue: H1 revenue at INR 492.68 billion, up 54 per...
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Aluminium Bahrain B.S.C. (Alba)’s Chief Executive Officer Ali Al Baqali paid his visit at the Arab International Aluminium Conference (ARABAL), leading the company’s delegation. ARABAL is the Middle East’s premier trade event for the aluminium industry, combining a strategic conference with an international exhibition. This year, Ma’aden, the largest multi-commodity mining and metals company in the Middle East, is hosting the 25th edition of ARABAL in Riyadh, Saudi Arabia, from November 21 to November 23, 2023. At the ARABAL 2023 conference, Alba’s CEO Ali Al Baqali delivered his speech at the Arab CEO Smelter Panel ‘Current Challenges and Future Opportunities’. The CPO Amin Sultan took part in the panel discussion on Getting on Track with the Net Zero Scenario – Decarbonising the...
On November 22, the LME aluminium live price chart experienced mixed price trends, with the LME aluminium cash bid price and the LME aluminium official price shedding US$7 per tonne or 0.32 per cent to officially close at US$2,194 per tonne and US$2,194.50 per tonne. When the LME aluminium price on November 22, last year, is taken into account, we can find a Year-on-Year degradation of US$199.50 per tonne or 8.33 per cent from US$2,394 per tonne recorded that day. London Metal Exchange graph displayed that the 3-month bid price and the 3-month offer price slumped by US$2.50 per tonne or 0.11 per cent to arrive at US$2,236.50 per tonne and US$2,237.50 per tonne, respectively. The December 24 bid price and the December 24 offer price have gained US$2 per tonne or 0.08 per cent, registering...
The Implementation Plan for Carbon Peak in the Industrial Field of Guangxi Zhuang Autonomous Region proposes a series of measures to reduce carbon emissions and promote efficient and sustainable development of the non-ferrous metal industry. The plan aims to strictly control the smelting capacity of electrolytic aluminium, copper, lead, zinc, and aluminium oxide, among others, by adhering to the total capacity constraint. New and expanded smelting projects must be in accordance with industry standards and meet advanced benchmarks for energy efficiency and environmental performance. The plan also emphasizes structural adjustment and optimization by promoting the development of precision and deep processing of aluminium, copper, and rare metals. Inefficient production capacity will be...
The Russian and Italian governments have shared a long-term partnership. A significant role has been played by Italian architects in the development of St. Petersburg, the Russian port city on the Baltic Sea. It was not until February 1924 that direct relations were officially established. In October 1944, full diplomatic relations were reestablished between the two nations after a period of tension. As the Russian Federation emerged in the 1990s, economic and trade ties were strengthened, culminating in a friendship treaty. From 1991 to 2014, the relationship between the Russian Federation and Italy experienced a positive trajectory, marked by an upward trend. In the ensuing years following 2014, a significant paradigm shift occurred, reaching a critical juncture in March 2018. Despite...
The world's primary aluminium production in October 2023 experienced a month-on-month rise after a fall in the previous month, found the International Aluminium Institute. Data shows the output recorded an increase of 3.29 per cent from 5.921 million tonnes in September to 6.116 million tonnes in October 2023. Last month, the world's primary aluminium production was 2.15 per cent less than 6.051 million tonnes in August. On a year-on-year basis, the global output in October edged a hike of 3.91 per cent from 5.886 million tonnes, according to IAI. The accumulated production volume of primary aluminium across the globe from January to October 2023 amounted to 58.592 million tonnes, up by 2.11 per cent from 57.381 million tonnes during the corresponding period of the previous year. In 2022,...
LME aluminium opened at US$2244.5 per tonne in the previous trading day, with its low and high at US$2233.5 per tonne and US$2264 per tonne, respectively, before closing at US$2255.5 per tonne, up US$11.5 per tonne or 0.51 per cent. On Tuesday, November 21, both LME aluminium cash bid price and LME aluminium official settlement price grew by US$10 per tonne or 0.45 per cent and US$9.5 per tonne or 0.43 per cent to clock at US$2,201 per tonne and US$2,201.50 per tonne. As per the London Metal Exchange (LME) data , both 3-month bid price and 3-month offer price hiked by US$11 per tonne or 0.49 per cent and US$11.5 per tonne or 0.51 per cent to halt at US$2,239 per tonne and US$2,240 per tonne. December 24 bid price and December 24 offer price also ascended by US$10 per tonne and US$5 per...
LME aluminium opened at US$2213 per tonne in the previous trading day, with its low and high at US$2211 per tonne and US$2247 per tonne, respectively, before closing at US$2244 per tonne, up US$28 per tonne or 1.26 per cent. The LME aluminium live price chart on November 20 witnessed a spike in overall aluminium prices, with the LME aluminium cash bid price and the LME aluminium official price increasing by US$26.50 per tonne or 1.22 per cent and US$27 per tonne or 1.25 per cent to officially close at US$2,191 per tonne and US$2,192 per tonne. If the aluminium price on October 20 is considered, which was US$2,152 per tonne, we can mark a Month-on-Month surge of US$40 per tonne or 1.86 per cent to what it is today. London Metal Exchange graph displayed that the 3-month bid price and the...
The Kunming Headquarters (Building) Economic Leadership Group Office has announced the 2023 Kunming Headquarters Enterprise Recognition Results. Thirteen firms, including Yunnan Aluminium Corporation, were designated as headquarters enterprises, and the corporation was one of them. Since the beginning of this year, the firm has actively talked and collaborated with the local government, completing the application evaluation via processes such as independent application, government suggestion, district-level preliminary review, and review. It has been designated as a "complete (regional) headquarters." The current identification of success pertains to the company's extensive capabilities, including size, yearly production value, annual tax payment, social contribution, and corporate...
The Ministry of Industry and Information Technology recently announced the fifth batch of state-level specialised and innovative "Little Giant" enterprises, including Chinalco Materials Application Research Institute Co., Ltd., Yunnan Yuntong Zinc Industry Co., Ltd., and Shenyang Boyu Technology Co., Ltd., all affiliated with Chinalco Group Co., Ltd. These companies have been certified for their exceptional research and development in science and technology. Chinalco Materials Research Institute, one of Chinalco Group's four professional research institutes, has successfully solved several vital technical problems in engineering and ensured the independent guarantee of critical models in aviation, aerospace, electronics, and other fields. Their research has primarily focused on light...
On Thursday, November 16, China’s aluminium billet inventories dropped by only 1,000 tonnes week-on-week to stand at 97,500 tonnes, according to the Shanghai Metals Market survey. The downfall occurred in Foshan, Wuxi, Changzhou, and Huzhou but was slightly offset by the hike in Nanchang. To know the status of China’s aluminium billet inventories in more details as of November 16, refer to the chart below: In Foshan, aluminium billet inventories on November 16 slipped by 2,400 tonnes week-on-week and 1,000 tonnes from Monday, November 13, to come in at 39,800 tonnes, found SMM. In Wuxi, the inventories stood at 20,400 tonnes on November 16, down by 1,300 tonnes from November 9 and 1,700 tonnes from November 13. Changzhou also saw a fall of 1,300 tonnes week-on-week to peg at 7,300 tonnes...
November 2022 was a significant time in AI research and development history. As a significant milestone in recent technical developments, OpenAI launched ChatGPT, which almost instantaneously became the talk of the tech world. Since then, there have been many important developments around AI developments – the fear, anxiety, and eclectic moments all together only drove the world towards AI. One year later, the spree came back with a bang. On November 17, 2023, the board of Open AI decided to let the CEO, Sam Altman, go as he had not been open and transparent in his communications with the board. As expected, this triggered several chain events – the chairman of the board and one of the co-founders of OpenAI, Greg Brockman, also declared that he would resign. Mira Murati, the CTO of...
LME aluminium opened at US$2212.5 per tonne in the previous trading day, with its low and high at US$2196 per tonne and US$2218 per tonne, respectively, before closing at US$2216 per tonne, up US$4.5 per tonne or 0.2 per cent. On Friday, November 17, LME aluminium cash bid price and LME aluminium official settlement price hiked by US$17.5 per tonne or 0.80 per cent to close at US$2,164.50 per tonne and US$2,165 per tonne. London Metal Exchange graph displayed that the 3-month bid price and 3-month offer price dropped by US$16 per tonne or 0.72 per cent and US$16.5 per tonne or 0.74 per cent to halt at US$2,203 per tonne and US$2,203.50 per tonne. December 24 bid price and December 24 offer price dipped by US$15 per tonne or 0.64 per cent to clock at US$2,318 per tonne and US$2,323 per...
According to customs data released on November 18, 2023, China experienced a fifth consecutive monthly increase in aluminium imports during October. The uptick is attributed to an improved buying appetite driven by solid demand and expectations of reduced supply in the domestic market. As the world's largest consumer and producer of aluminium, China imported 351,065 metric tons of unwrought aluminium and related products in October. This marked a 5.8 per cent increase from September's 331,716 tonnes and a significant 78.7 per cent surge from the same period last year. Despite a sluggish economic recovery and constrained consumption in traditional sectors, the new energy sector exhibited a strong demand for aluminium. Fears of reduced domestic supply due to capacity cuts in the...
As per the latest data by the United States Geological Survey (USGS), it can be calculated that the US imports of crude metals and alloys from Canada slumped by 6000 tonnes or 2.64 per cent Year-on-Year from 227,000 tonnes recorded in August 2022 to 221,000 tonnes in August 2023. Similarly, there has been a Year-on-Year drop in US imports of crude metals and alloys from Mexico, resulting in 1,370 tonnes in August 2023, down 260 tonnes or 15.95 per cent from 1,630 tonnes in August 2022. On a Month-on-Month scale, the US imports of crude aluminium from Canada have suffered a loss of 36,000 tonnes or 14 per cent since July 2023's registered amount was 257,000 tonnes. In contrast, the US imports of crude metals and alloys from Mexico maintained a Month-on-Month stagnancy. If we compare the...
In a recent move, the European Commission proposed its 12th package of sanctions against Russia, receiving a cautious welcome from the European Aluminium. The proposed sanctions target specific aluminium products, such as wires, tubes, pipes, and aluminium foil. While European Aluminium appreciates this initial step, it calls for a more robust and expeditious approach to restrict Russian aluminium imports. The sanctions, covering only 12 per cent of EU imports of aluminium products from Russia, are considered insufficient by European Aluminium. The association emphasises the need for a more comprehensive scope, including major categories like ingots, slabs, and billets, which constitute over 85 per cent of the EU’s imports from Russia. Paul Voss, Director General of European Aluminium,...
LME aluminium opened at US$2233 per tonne in the previous trading day, with its low and high at US$2211.5 per tonne and US$2234 per tonne, respectively, before closing at US$2211.5 per tonne, down US$23.5 per tonne or 1.05 per cent. The LME aluminium live price chart on November 16 witnessed dampening aluminium price trends, with the LME aluminium cash bid price and the LME aluminium official price shedding US$11.50 per tonne or 0.52 per cent to officially close at US$2,182 per tonne and US$2,182.50 per tonne. It must be mentioned that due to a technical glitch, AL Circle could not fetch LME’s data for November 15, so the comparison has been conducted with the last available data, which was on November 14. London Metal Exchange graph displayed that the 3-month bid price and the 3-month...
The Aluminum Association Instituto Mexicano del Aluminio (IMEDAL) and the Aluminium Association of Canada have reportedly written a letter to trade officials in Canada, Mexico, and the United States asking for continued tariff-free trade, increased import monitoring, and more vigorous trade enforcement. The letter arrived before a summit on November 15 in Mexico City, underpinning the past and future of the North American aluminium trading relationship. The letter stated, "For decades, our industries have relied on cross-border trade within the North American region to help make some of the world's highest quality and lowest carbon aluminium and aluminium products. Indeed, Canada and Mexico are the United States' first and second-largest aluminium trading partners, respectively. In 2022,...
On November 16, the Shanghai Metals Market registered depleting aluminium prices all over China, with the SMM A00 aluminium ingot price losing RMB 50 per tonne to close at RMB 18,930 per tonne. The average aluminium prices have circulated between RMB 18,910 per tonne and RMB 18,950 per tonne. If we consider the SMM A00 aluminium ingot price on November 16, last year, we can find a Year-on-Year escalation of RMB 80 per tonne or 0.42 per cent from RMB 18,850 per tonne marked that day. China’s central provinces all witnessed falling aluminium prices, with the rate lowering the most in Chongqing by RMB 90 per tonne to close at RMB 18,910 per tonne. In Shenyang, too, a similar price was recorded with a slump of RMB 40 per tonne from the previous day. In Wuxi, the aluminium price dropped by RMB...
