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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In September, China produced 5.3 per cent more primary aluminium compared to the previous year, according to the National Bureau of Statistics (NBS). This increase is due to strong demand and low aluminium inventories. China, the world's largest aluminium producer, produced 3.58 million tonnes of primary aluminium last month. Production in September increased notably in the Yunnan province, the fourth-largest aluminium-producing region in China. This increase was because smelters increased their operations, and the hydropower supply improved. A year ago, production in the same region had to be reduced due to low rainfall and water levels, resulting in a 2 million tonne capacity reduction through the year's first half. Despite the higher production, aluminium stocks remained low, primarily...
LME aluminium opened at US$2,183.5 per tonne on Tuesday, with its high and low at US$2,186 per tonne and US$2,158.5 per tonne, respectively, before closing at US$2,177 per tonne, a decrease of US$4 per tonne or 0.18 per cent. On Tuesday, October 17, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$13 per tonne or 0.60 per cent to close at US$2,148 per tonne and US$2,148.50 per tonne. As per the London Metal Exchange (LME) data, both 3-month bid price and 3-month offer price slipped by US$21 per tonne or 0.95 per cent to clock at US$ 2,170 per tonne and US$2,170.50 per tonne. December 24 bid price and December 24 offer price fell by US$18 per tonne or 0.77 per cent to rest at US$2,297 per tonne and US$2,302 per tonne. LME aluminium opening stock...
Last week till October 12, Shanghai Metals Market observed a rise in domestic aluminium spot cost backed by a strong performance of the alumina spot market. There was also a minor increase in power cost as captive power plants of mainstream aluminium smelters raised bid prices for coal purchases. Electricity prices in the southwest region also grew, causing a rise in the average electricity cost of domestic aluminium by RMB 0.006 per kWh to RMB 0.413 kWh. Thus, the domestic aluminium cost grew by RMB 130 per tonne from the pre-holiday level to around RMB 16,151 per tonne. Meanwhile, the aluminium spot price fell back-to-back for four days, resulting in an immediate profit fall for smelters. On October 12, the domestic aluminium spot price was RMB 19,250 per tonne and the average spot...
Squarepoint Capital LLP, a hedge fund, has recently acquired primarily Russian aluminium from the London Metal Exchange (LME), totalling over $100 million in value. The metal is currently stored in South Korean warehouses, and Squarepoint Capital has expressed its intention to take delivery of 50,000 tonnes of this aluminium. A significant portion of this aluminium originated from United Co. Rusal International PJSC before it debuted on the exchange. This strategic move by Squarepoint Capital coincides with a period of sluggish demand in the aluminium market, resulting in an accumulation of aluminium stocks and a 7.6 per cent decrease in aluminium prices on the LME this year. The downturn in the construction and industrial sectors plays a major role in this decline. In response to the...
The first batch of Haihu brand "Green Power High-quality 99.85 per cent Aluminium Ingot" of Qinghai Branch of China Aluminium Company (Chinalco) was off the production line in the foundry's second operation area on October 11th. The first order was for 5,000 tonnes, delivered 20 days later to East and South China consumers. The first batch of high-quality 99.85 per cent aluminium ingots of green electrolytic aluminium went offline, indicating that the company was at the forefront of local electrolytic aluminium enterprises' green, low-carbon, and high-quality development. The endorsement of national initiatives such as "peak carbon dioxide emissions" and "carbon neutrality" has rendered it imperative for electrolytic aluminium firms to effectively implement measures to enhance the...
Rio Tinto announced another quarter of progress from July to September 2023. In the Q3 production report, the company revealed that its aluminium output stood at 828,000 tonnes, registering a 2 per cent rise Q-o-Q and a 9 per cent hike Y-o-Y, backed by the full capacity operations at Kitimat smelter and completed cell recovery efforts at Boyne smelter. Other smelters also demonstrated steady operations, resulting in higher aluminium production. Rio Tinto's cumulative aluminium production in nine months of the year amounted to 2.43 million tonnes, up by 9 per cent Y-o-Y. On the minerals front, the company's bauxite production clocked a rise of 3 per cent Q-o-Q and 2 per cent Y-o-Y to come in at 13.9 million tonnes, owing to a 6 per cent growth in shipments to third parties. Steady...
LME aluminium opened at US$2,193 per tonne on Monday, with its high and low at US$2,205 per tonne and US$2,179 per tonne, respectively, before closing at US$2,181 per tonne, a decrease of US$9 per tonne or 0.41 per cent. On October 16, the LME aluminium live price chart experienced falling price traits, with the LME aluminium cash bid price and the LME aluminium official price discarding US$14.50 per tonne or 0.67 per cent to officially close at US$2,161 per tonne and US$2,161.50 per tonne. London Metal Exchange graph displayed that the 3-month bid price and the 3-month offer price have dropped US$9.50 per tonne or 0.43 per cent to stop at US$2,191 per tonne and US$2,191.50 per tonne. The December 24 bid price and the December 24 offer price have negated US$7 per tonne or 0.3 per cent,...
The Egyptian Aluminium Company (Egyptalum), which is under state control, has announced that it will be extending the bidding deadline for its smelter expansion project by one month. According to a disclosure statement made by the company at Egypt's bourse on Sunday, the deadline for bid submissions has been moved to 12 November, from the initial date of 12 October, due to requests from the bidding firms for more time. In June, Egyptalum released a tender for the development of its aluminium factories on an EPC (engineering, procurement, and construction) basis. The decision to extend the bidding deadline could indicate that the company has received strong interest from potential suitors. In March of this year, Egyptalum revealed that it was planning to invest approximately 1.05 billion...
According to a recent report, Chinalco conducted a promotion meeting of the “Five Standards and One Control” management model in its Liancheng Branch. The company summed up the management model in electrolytic aluminium business units, based on the current situation of the industry. After an extensive on-site study, experience sharing and discussion, Chinalco further clarified the concept of “Five Standards and One Control” management model and promoted it to improve the quality of electrolytic aluminium business units, empowering the high-quality development. The meeting was attended by many electrolytic aluminium enterprises, whereby the Liacheng branch of Chinalco and ten other enterprises shared their views and experiences. Zhengzhou Research Institute made a special report on the...
LME aluminium opened at US$2,204 per tonne last Friday, with its high and low at US$2,212 per tonne and US$2,190 per tonne, respectively, before closing at US$2,190 per tonne, a decrease of US$11 per tonne or 0.5 per cent. On Friday, October 13, both LME aluminium cash bid price and LME aluminium official settlement price went down by US$4.5 per tonne or 0.20 per cent and US$5 per tonne or 0.20 per cent to settle at US$2,175.50 per tonne and US$2,176 per tonne. LME aluminium 3-month bid price and 3-month offer price descended by US$6.5 per tonne or 0.29 per cent and US$7 per tonne or 0.31 per cent to peg at US$2,200.50 per tonne and US$2,201 per tonne. December 24 bid price and December 24 offer price dropped by US$8 per tonne 0.34 per cent to halt at US$2,322 per tonne and US$2,327 per...
The Rio Tinto chairman, Dominic Barton, indicated on October 6, 2023, that customers are increasingly willing to pay extra for eco-friendly, sustainable products. In addition, he spoke about the company's desire to participate in the growing lithium market. On Friday, October 6, mining giant Vedanta Limited established Vedanta Aluminium Metal, a new wholly-owned subsidiary for its aluminium operations. The newly established subsidiary will be registered in Maharashtra, India, with an authorised and subscribed capital of INR 1,00,000, reflecting a share of Re 1 each. On October 12, National Aluminium Company Limited (NALCO) announced the appointment of Jagdish Arora as Projects and Technical Director. Arora, a highly skilled official with over 34 years of experience, assumed his duties on...
LME aluminium opened at US$2,215 per tonne on Thursday, with its high and low at US$2,228.5 per tonne and US$2,195 per tonne, respectively, before closing at US$2,201per tonne, a decrease of US$12.5 per tonne or 0.56 per cent. The LME aluminium live price chart on October 12 witnessed mixed price trends, with the LME aluminium cash bid price and the LME aluminium official price slightly rising by US$2 per tonne or 0.09 per cent and US$1.50 per tonne or 0.07 per cent to officially close at US$2,180 per tonne and US$2,180.50 per tonne. If we consider the LME aluminium price on September 12, which was US$2,153 per tonne, a Month-on-Month influx of US$27.50 per tonne or 1.28 per cent can be seen in October. London Metal Exchange graph displayed that the 3-month bid price and the 3-month offer...
On October 12, National Aluminium Company Limited (NALCO) declared the latest positioning of Jagdish Arora as the Projects and Technical Director of the Company. A highly proficient official with an experience of more than thirty-four years, Arora took up his responsibilities on October 11, as per the order released the previous day. The order was passed on October 9 by the Ministry of Mines, Government of India, as was publicised by the company through an exchange filing. Jagdish Arora has a background in the metal and mining industry and possesses high-level knowledge and expertise about the same. He flaunts an impressive career history, beginning as a Management Trainee (Technical) at Steel Authority of India Limited (SAIL) in 1989 and rising to the position of Executive Director in...
China’s domestic aluminium production in September 2023 was recorded at 3.523 million tonnes, marking a year-on-year increase of 5 per cent but a month-on-month fall of 2.76 per cent. However, the daily average production grew over a month by 554 tonnes to 117,400 tonnes in September 2023. From January to September 2023, China’s cumulative aluminium production stood at 30.822 million tonnes – 3.13 per cent more Y-o-Y. Shanghai Metals Market survey found the overall domestic primary aluminium operations were stable in September, with alloying ratios in some plants showing an upward adjustment. The proportion of liquid aluminium output grew by 0.4 per cent M-o-M and 4.9 percent Y-o-Y to around 73.2 per cent. There was a slight rise in China’s aluminium operating capacity in September 2023,...
According to a report on Tuesday, October 10, the share of Russian aluminium stocks in London Metal Exchange-approved warehouses fell to 76 per cent in September 2023 from 81 per cent in August. The actual amount of Russian stocks on the LME warrant decreased from 183,650 tonnes in August to 132,475 tonnes in September. Aluminium stocks available to the market in LME-registered warehouses are referred to as on-warrant. Last month saw the highest decline of Russian aluminium stocks in LME-registered warehouses since the beginning of this year due to a significant cancellation of warrants in LME warehouses in South Korea's Gwangyang at the end of the said month. The high share of Russian aluminium in LME warehouses was a concern for many companies competing with Rusal and those avoiding...
LME aluminium opened at US$2,214.5 per tonne on Wednesday, with its high and low at US$2,227 per tonne and US$2,206 per tonne, respectively, before closing at US$2,213.5 per tonne, a decrease of US$0.5 per tonne or 0.02 per cent. On Wednesday, October 11, both LME aluminium cash bid price and LME aluminium official settlement price slipped further by US$20 per tonne or 0.90 per cent on rising inventories to close at US$2,178 per tonne and US$2,179 per tonne. One main factor contributing to the price decline can be related to lower demand and increasing inventories. As per the London Metal Exchange (LME) data, both 3-month bid price and 3-month offer price dropped by US$16 per tonne or 0.71 per cent and US$15 per tonne or 0.67 per cent to halt at US$2,213 per tonne and US$2,215 per tonne....
The European Commission's decision to turn down the Greek government's proposal to consolidate the electricity demands of major industrial consumers, such as those in the aluminium and chemical sectors, to reduce their operational expenses has disappointed the metal industry. In July 2022, the Greek government introduced the Green Pool scheme in response to the skyrocketing electricity costs following the Ukraine-Russia geopolitical crisis. This initiative aimed to reduce electricity expenses and primarily catered to significant industrial electricity consumers, such as those in the aluminium, steel, glass, and cement industries. The program encouraged these industrial players to collaborate and engage in corporate power purchasing agreements (PPAs) for renewable energy. A public entity...
Jiayuguan City has vigorously implemented key industry upgrading actions, increased effective investment in leading industries, comprehensively improved the ability of innovation drive, intelligent transformation, structural optimisation, and chain extension, and made every effort to build a high-quality development engine in recent years. The Jiayuguan City is working on multiple projects like strengthening the industrial chain that processes electrolytic aluminium and aluminium products worth hundreds of billions. Also, by leveraging the raw material supply from Dongxing Aluminium and the presence of established aluminium processing enterprises such as Jiayu, Mingxiang, and Guangyin, their objective is to excel in the non-ferrous industries. This will involve the establishment of...
