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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Three-month LME aluminium opened at US$2261.5 per tonne last evening and closed at US$2246 per tonne, a decline of US$17.5 per tonne or 0.77 per cent. On Tuesday, October 31, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$16.5 per tonne or 0.73 per cent and US$17 per tonne or 0.75 per cent to close at US$2,234.50 per tonne and US$2,235 per tonne. As per the London Metal Exchange (LME) data, the 3-month bid price and 3-month offer price also fell by US$11 per tonne or 0.48 per cent to clock at US$2,246 per tonne and US$2,247 per tonne. December 24 bid price and December 24 offer price dipped by US$12 per tonne or 0.50 per cent to peg at US$2,360 per tonne and US$2,365 per tonne. LME aluminium opening stock came in at 474725 tonnes. Live warrants...
The year 2023 looked positive regarding worldwide aluminium demand, but high inflation and a continuous threat of recession acted as a grinch, at least during H1, 2023. As per BMI, a research agency under Fitch Solutions, the commodity-intensive industries in Mainland China have had a sluggish recovery, and the global demand outlook has been unfavourable. As a result, prices have been under pressure in recent months and are likely to persist throughout the rest of 2023. ING Think, the economic and financial analysis department of the Dutch multinational financial services firm ING, reports that the fundamental prognosis for aluminium has not changed. However, they do not anticipate significant restarts in Europe until 2025 since aluminium demand is expected to stay stagnant until then....
According to the Shanghai Metals Market report on Tuesday, October 31, Chinese aluminium smelters in Yunnan province are mulling over cutting production in the coming months during the dry season due to reduced hydropower availability. In recent times, many Chinese aluminium smelters have shifted their operations to Yunnan to leverage the abundant availability of hydropower resources, which are cheaper and cleaner than traditional power sources of coal. But the only drawback is hydropower is dependent on weather. Lack of rainfall reduces hydropower generation, resulting in aluminium production cuts. SMM has reported that four aluminium smelters will reduce production by 9 to 40 per cent of capacity without disclosing their names. However, according to a trader, four smelters would include...
According to the Shanghai Metals Market survey, China’s social inventories of aluminium billets have marked a decline of 5,900 tonnes over the weekend, standing at 107,700 tonnes as of Monday, October 30. On a week-on-week basis, the inventories have recorded a fall of 7,200 tonnes from 114,900 tonnes on October 23. The decline in inventories could be attributed to the increase in shipments compared to the arrivals of stocks to warehouses. During October 24-30, aluminium billet shipments in major Chinese consumption areas totalled 47,300 tonnes, up by 16.79 per cent from 40,500 tonnes a week ago. The fall in billet inventories on Monday was primarily contributed by Foshan, in tandem with the highest shipment in that particular province at about 25,400 tonnes, up by 4,100 tonnes W-o-W. To...
LME aluminium opened at US$2224 per tonne on Monday, with its low and high at US$2221.5 per tonne and US$2224 per tonne, respectively, before closing at US$2263.5 per tonne, up US$38 per tonne or 1.71 per cent. The LME aluminium live price chart, on October 30, witnessed an overall hike in aluminium prices, with the LME aluminium cash bid price settling at US$2,251 per tonne with an addition of US$81 per tonne or 3.73 per cent and the LME aluminium official price augmented by US$81.50 per tonne or 3.75 per cent to officially close at US$2,252 per tonne. If we consider the price catalogued on October 31, last year, we can calculate a Year-on-Year influx of US$55 per tonne or 2.5 per cent, from US$2,197 per tonne recorded on that day. London Metal Exchange graph displayed that the 3-month...
China’s leading aluminium companies have unanimously reported a downfall in operating income for the first three quarters of 2023. Risen operation costs of aluminium smelters driven by domestic alumina price hikes could be attributed to the drop in operating income. After over a year, in late October 2023, Chinese domestic alumina price exceeded RMB 3,000 per tonne level, standing at RMB 3,009 per tonne as of October 27. On October 25, Yunnan Aluminium Co., Ltd. announced that operating income decreased by 5.27 per cent year-on-year to stand at RMB 12.091 billion during Q3 2023. The company’s net profit also shrank by 9.85 per cent during the same period to RMB 990 million. Zhongfu Industrial Co., Ltd disclosed its operating income decreased by 2.06 per cent year-on-year in the first...
LME aluminium opened at US$2200 per tonne last Friday, with its low and high at US$2187 per tonne and US$2230.5 per tonne, respectively, before closing at US$2225.5 per tonne, up US$29 per tonne or 1.32 per cent. On Friday, October 27, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$32 per tonne or 1.45 per cent to close at US$2,170 per tonne and US$2,170.50 per tonne. As per the London Metal Exchange (LME) data, both the 3-month bid price and the 3-month offer price dropped by US$24 per tonne or 1.08 per cent to clock at US$2,191 per tonne and US$2,192 per tonne. December 24 bid price and December 24 offer price contracted by US$22 per tonne or 0.94 per cent to reside at US$2,308 per tonne and US$2,313 per tonne. LME aluminium opening stock...
According to the International Aluminium Institute survey, primary aluminium production in the Gulf Cooperation Council has continued to record a fall at a higher level during September 2023. In contrast to a drop of 2,000 tonnes in August, the output in September decreased by 17,000 tonnes or 3.29 per cent from 517,000 tonnes to 500,000 tonnes. On a year-on-year basis, the production volume during the said month stood 1,000 tonnes less than 501,000 tonnes. However, despite the fall in monthly production, the daily average output during September 2023 stood restrained at 16,700 tonnes, same for the past three months. Even in September 2022, the daily average primary aluminium output in the Gulf was 16,700 tonnes. The Gulf’s total production of primary aluminium in the third quarter of...
Vedanta Aluminium has yet again earned a prestigious recognition in the form of two gold awards at the Confederation of Indian Industry's IQ National and Regional Excellence Practice Competition and National Energy Awards for Excellence in Energy Management. One of the awards represents Vedanta's excellence in energy management, and the other testifies to its supply chain operations & safety digitalisation. It is to be noted that Vedanta has emerged as a winner in two categories from among a diverse pool of industries, including metal, cement, engineering, paper, automation, and others. The secret behind achieving these awards is Vedanta's smart, strategic initiatives like the implementation of 100 per cent Graphitized Cathodes to enhance energy efficiency, which resulted in saving 7.93...
South32, a globally diversified mining and metals company, is reportedly installing P3XLE energy efficiency technology at its Hillside Aluminium smelter in South Africa to reduce greenhouse gas emissions substantially. This move is part of the company's deliberate effort to move away from carbon-intensive energy. Commenting on this, South32 CEO Graham Kerr said at the annual general meeting (AGM), "As part of our transition away from carbon-intensive energy, we remain mindful of the need to support a fair and just transition for the smelter's workforce, local communities, and the broader South African economy." Kerr also said that switching to a lower-carbon energy source would be an ideal solution for decarbonisation at Hillside smelter. However, the phenomenon involves challenges,...
The audit team of China Inspection and Certification Group Guizhou Co., Ltd. visited the Guizhou Aluminium Plant and Guizhou Branch from October 16 to 19 to review the quality management system, occupational health and safety system, and environmental management system. This year, the factory and branches completed the three system certification supervision and audits with the active collaboration of different departments and units of the firm. During the discussion, the audit leader provided a thorough summary of the three management systems' purpose, audit plan, audit basis, and audit requirements. On behalf of Guizhou Aluminium Plant and Guizhou Branch, Peng Tao, member of the Party Committee and deputy general manager of Guizhou Aluminium Plant, warmly welcomed the audit team and...
LME aluminium opened at US$2214 per tonne on Thursday, with its low and high at US$2193 per tonne and US$2228 per tonne, respectively, before closing at US$2196.5 per tonne, up 0.7 per cent. On October 26, the LME aluminium live price chart experienced a spike in aluminium prices, with the LME aluminium cash bid price and the LME aluminium official price heightening by US$14 per tonne or 0.64 per cent to officially close at US$2,202 per tonne and US$2,202.50 per tonne. When the aluminium price on September 26 is taken into account, we can find US$7.50 per tonne or 0.34 per cent hike on a Month-on-Month scale. London Metal Exchange graph displayed that the 3-month bid price and the 3-month offer price have increased by US$7 per tonne or 0.32 per cent to stop at US$2,215 per tonne and...
On October 25, 2023, Rio Tinto appointed James Joc O'Rourke as a non-executive director. O'Rourke, who holds both Canadian and Australian citizenship, will seek election at the Company's 2024 annual general meetings. With over 25 years of experience in the mining and minerals industry, O'Rourke has been the CEO of The Mosaic Company, a global leader in concentrated phosphate and potash production and marketing, since 2015. He also recently served as Mosaic's President and held previous positions, including Executive Vice President of Operations and Chief Operating Officer. Before joining Mosaic, O'Rourke served as the President of Australia Pacific for Barrick Gold Corporation, overseeing ten gold and copper mines in Australia and Papua New Guinea. Currently, he holds positions as an...
LME aluminium opened at US$2202 per tonne on Wednesday, with its low and high at US$2199.5 per tonne and US$2223 per tonne respectively before closing at US$2212 per tonne, up 0.27 per cent. On Wednesday, October 25, both LME aluminium cash bid price and LME aluminium official settlement price expanded by US$42 per tonne or 1.95 per cent to score at US$2,188 per tonne and US$2,188.50 per tonne. 3-month bid price and 3-month offer price also gained US$36.5 per tonne or 1.68 per cent and US$37 per tonne or 1.70 per cent to settle at US$2,208 per tonne and US$2,209 per tonne. On the same day, the London Metal Exchange (LME) graph reflected a hike of US$33 per tonne or 1.43 per cent for both December 24 bid price and December 24 offer price to clock at US$2,325 per tonne and US$2,330 per...
On October 13th, the Yunnan Aluminium Analysis and Testing Center achieved a significant landmark when the China National Accreditation Committee awarded it the laboratory accreditation certificate for Conformity Assessment (CNAS) with registration number CNAS L19152. The achievement is a testament to the laboratory's adherence to international standards in laboratory management systems and its ability to conduct project testing based on globally recognised standards. The laboratory's reports are deemed authoritative and hold international recognition and industry credibility. The laboratory has been approved for capabilities such as assessing the mechanical properties of metal materials and products, testing the fatigue strength of aluminium and aluminium alloys, and analysing the low...
Lower extrusions and recycling volumes, coupled with bearish alumina and aluminium prices, led to a bigger-than-expected drop in Norsk Hydro’s financial output in the third quarter of 2023 ended September 30. On Monday, October 23, Hydro released its Q3 CY2023 fiscal report, announcing a 15 per cent revenue fall year-on-year from NOK 52,445 million to NOK 44,702 million. On a quarter-on-quarter calculation, the decline was 17 per cent from NOK 53,630 million. In the first nine months of the year, Hydro’s revenue was recorded at NOK 146,865 million, down by 10.37 per cent from NOK 163,854 million during the corresponding period of the last year. The company’s adjusted EBITDA plunged by 60 per cent Y-o-Y from NOK 9,721 million to NOK 3,899 million. Thus, the EBITDA from January to September...
Aluminium Bahrain, one of the world's largest aluminium smelters, celebrated a significant milestone in its Power Station 5 (PS5) Block 4 Project with the arrival of Mitsubishi Power's cutting-edge M701JAC Gas Turbine (GT) on October 16, 2023. This remarkable event marked the installation of the world's first GT designed explicitly for a primary aluminium smelter, and it was expertly placed within the Kingdom of Bahrain. The M701JAC GT, part of the innovative JAC GT series and Steam Turbine, is an air-cooled marvel boasting a combined cycle output of 680.9 MW. Importantly, it offers a greener alternative, significantly reducing CO2 emissions compared to traditional coal-fired boilers and turbines employed worldwide. In celebration of this achievement, a special gathering took place on...
Three-month LME aluminum opened at US$2,178 per tonne last evening and closed at US$2,206 per tonne, a rise of US$30 per tonne or 1.38 per cent. On Tuesday, October 24, LME aluminium cash bid price and LME aluminium official settlement price grew by US$2 per tonne, following a fall of US$7.5 per tonne on the previous day. Thus, the prices stand at US$2,146 per tonne and US$2,146.50 per tonne. However, on the other hand, 3-month bid price and 3-month offer price decreased by US$0.50 per tonne and US$2 per tonne to peg at US$2,171.50 per tonne and US$2,172 per tonne, respectively. December 24 bid price and December 24 offer price also dipped by US$1 per tonne on October 24 to stand at US$2,292 per tonne and US$2,297 per tonne. LME aluminium opening stock also fell by 2,000 tonnes from the...
