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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LME aluminium opened at US$2,242.50 per tonne on Tuesday, with its high and low at US$2,249.50 per tonne and US$2,211 per tonne, respectively, before closing at US$2,214 per tonne, a decrease of US$32 per tonne or 1.42 per cent. The LME aluminium live price chart, on October 10, experienced slightly upscale trends, with the LME aluminium cash bid price and the LME aluminium official price adding US$6 per tonne or 0.27 per cent to officially close at US$2,198 per tonne and US$2,199 per tonne. The LME aluminium official price had reached the US$2300 mark on September 29 but maintained a linear outlook for the beginning of October, with a Week-on-Week drop of US$58 per tonne or 2.57 per cent. London Metal Exchange graph displayed that the 3-month bid price and the 3-month offer price have...
According to the Shanghai Metals Market survey, China’s social inventories of aluminium ingot recorded a significant rise across the eight major consumption areas, including SHFE warrants, as the market resumed on October 7 from a week-long Mid-Autumn Festival holiday. On October 7, the inventories stood at 582,000 tonnes, up by 86,000 tonnes or 17.34 per cent from 496,000 tonnes on September 28. In the next two days, the stocks rose further by 49,000 tonnes or 8.42 per cent to peg at 631,000 tonnes as of October 9. This inventory surge could be attributed to stable operating rates at domestic aluminium smelters. There were pre-holiday rumours that aluminium production could slow down in Yunnan at the beginning of Q4 2023, but according to SMM research so far, the operating rate of...
The aluminium industry is witnessing promising development as Emirates Global Aluminium and PT Indonesia Asahan Aluminium (INALUM) announce the successful start-up of five pilot reduction cells at INALUM's Kuala Tanjung aluminium smelter, which has been upgraded with EGA's technological expertise. The initial phase of the project aims to upgrade an additional 298 pots in Potlines 1 and 3 of the smelter, with the objective of increasing amperage from 195ka to 215ka and augmenting production capacity by about 10 per cent. EGA's technologists and engineers have invested over 10,000 hours of work in designing and implementing the Kuala Tanjung upgrade project, which includes significant improvements to the superstructure and potshells. The upgrade also integrates EGA's proprietary Pot Control...
Three-month LME aluminium opened at US$2237 per tonne last evening and closed at US$2247 per tonne, a US$7.5 per tonne rise or 0.33 per cent. On Monday, October 9, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$15 per tonne or 0.67 per cent to close at US$2,192 per tonne and US$2,193 per tonne. London Metal Exchange (LME) graph displayed that both 3-month bid price and 3-month offer price slipped by US$11 per tonne or 0.49 per cent and US$10 per tonne or 0.44 per cent to clock at US$2,227 per tonne and US$2,229 per tonne. December 24 bid price and December 24 offer price also fell by US$17 per tonne or 0.71 per cent to halt at US$2,353 per tonne and US$2,358 per tonne. LME aluminium opening stock settled at 495650 tonnes. Live warrants and...
During the previous week, the Indian base metals market displayed a mixed performance, with positive and negative moves and some minor price swings. Although domestic aluminium prices remained relatively stable, the imported market experienced higher price volatility. Throughout the week, the primary aluminium ingot segment has undergone several modifications. A decline in primary aluminium ingot (P1020) price was observed as the significant players curtailed their prices. It stood at INR 221,000 per tonne ex-Delhi without GST. In contrast, the price of ADC12 aluminium alloy ingot price was found stable w-o-w at INR 188,000 per tonne ex-Faridabad, leaving out GST. The market for aluminium scrap in India did not evidence any significant fluctuations regarding the price or trading...
On Friday, October 6, mining company Vedanta Limited formed a new wholly-owned subsidiary for its aluminium business named Vedanta Aluminium Metal. Registered in Maharashtra, India, the newly incorporated subsidiary will have authorised and subscribed capital of INR 1,00,000, representing a share of Re 1 each. This move is part of the implementation of demerging and separately listing business units into independent “pure play” companies on September 29. The objective is to attract investments into the expansion and growth of each of the business units. Vedanta will create six companies, each as big as the parent firm, Vedanta Resources. Shareholders owning one share of Vedanta Limited will receive an additional one share of each listed company. Vedanta Limited Board already approved late...
The three-month LME aluminum opened at US$2,232 per tonne, with high and low at US$2,248 per tonne and US$2,222.50 per tonne, respectively, before closing at US$2,246 per tonne, up by $14 per tonne or 0.63 per cent. On Friday, October 6, the LME aluminium cash bid price rose by US$12 per tonne to stand at US$2,207 per tonne and the LME aluminium official settlement price increased by US$12.50 per tonne to come in at US$2,208 per tonne, following a fall of US$35.50 per tonne on the previous day. The 3-month bid price and 3-month offer price grew by US$7 per tonne and US$6 per tonne, respectively, to come in at US$2,238 per tonne andUS$2,239 per tonne, as of October 6. December 24 bid price and December 24 offer price settled at US$2,370 per tonne and US$2,375 per tonne, up by US$2 per...
The rush to discover additional ventures in transition materials has instigated a reassessment of strategy at Rio Tinto. This involves an inclination towards smaller mining operations and potentially exploring more precarious, less-established locations. On October 6, 2023, Dominic Barton, Rio Tinto's chairman, indicated a more pronounced focus on aluminium, as customers are increasingly willing to pay extra for eco-friendly, sustainable products. He also emphasized the company's aspiration to participate in the growing lithium market. Dominic Barton mentioned that Rio Tinto's fresh strategy might involve embracing projects that commence on a smaller scale and have the potential to grow, often in collaboration with government or local partners, instead of exclusively pursuing the largest...
Last week was a very exciting time for AL Circle with the rebranding experience in play. Overall, the aluminium industry, too, saw a few gut-wrenching events. A fire broke out at Rusal-owned Krasnoyarsk Aluminium Smelter on Wednesday. A transformer caught fire in a 50 square metre area. No casualties have been reported yet, and the cause of the fire is unknown. German company Speira is closing down its primary aluminium production after 62 years, with the last potlines scheduled to shut by December 2023. The Rheinwerk facility will be transformed into a recycling-based foundry, aligning with sustainability and a circular economy. Speira aims to reduce its environmental footprint and conserve resources. On the brighter side, Rio Tinto's Kitimat aluminium smelter is now fully operational...
The benchmark aluminium price on the London Metal Exchange in September 2023 recorded an increase of US$123.50 per tonne or 5.65 per cent to reach US$2,307.50 per tonne. The price started flaunting a steady growth towards the second half of the month compared to the initial days. After initiating the month on September 1 at US$2,184 per tonne, the LME aluminium benchmark price dwindled the next two days by US$47.50 per tonne to stand at US$2,136.50 per tonne as of September 5. The price grew intermittently on September 6 to US$2,158 per tonne before declining further to US$2,132.50 per tonne as of September 8. From September 11, the LME aluminium price started growing steadily from US$2,154 per tonne, with a few intermittent declines. At the end of September 2023, the LME aluminium...
Rusal confirmed on October 5 that its Krasnoyarsk Aluminium Smelter remained unaffected despite a significant blaze erupted at the facility spanning over 21,528 square feet. Krasnoyarsk Smelter is one of the largest smelters in the world and a key site where Rusal introduces cutting-edge technologies. It is the only smelter in Russia that produces high-purity aluminium. Thanks to the prompt action of firefighters to combat the flame, no injury or damage occurred due to the incident. On October 4, the Russian Ministry of Emergency Situations ensured the fire did not spread to nearby structures. TASS, a state-owned Russian news agency, detailed the incident, stating that pallets immersed in flames covered an area of 21,528 square feet, and a production building took up an additional 2,153...
The Norwegian government's national budget proposal, unveiled on October 6, contains various components that have implications for Hydro's activities within Norway. Of these, the most notable and concerning one pertains to the CO 2 compensation scheme. Hydro is surprised and expressed disappointment at the additional dilution of this scheme. Furthermore, the suggested taxation framework for wind power does not stimulate the necessary level of investments to guarantee a reliable power supply for both the industrial sector and the transition towards a more sustainable, environmentally friendly future. The total impact of changes in the CO2 compensation scheme for Hydro in 2023 is estimated at a reduction of approximately NOK 1 billion. According to Hydro, the Norwegian government's constant...
Primary aluminium production in North America during August 2023 stood at 332,000 tonnes, reflecting a slight increase of 2,000 tonnes or 0.60 per cent month-on-month, found the International Aluminium Institute. The output growth extended in August but at a slower rate compared to 2.80 per cent in the previous month. In July, North America’s primary aluminium production was recorded at 330,000 tonnes versus 321,000 tonnes in June. On a year-on-year calculation, primary aluminium output in North America edged a hike of 8.85 per cent from 305,000 tonnes, showed IAI. The daily average production was 10,700 tonnes in August 2023, up by only 100 tonnes from 10,600 tonnes in July, and 900 tonnes higher than 9,800 tonnes in August 2022. In the first eight months of the year, North America’s...
On Thursday, October 5, both LME aluminium cash bid price and LME aluminium official settlement price slumped by US$35.5 per tonne or 1.59 per cent to halt at US$2,195 per tonne and US$2,195.50 per tonne. As per the London Metal Exchange (LME) graph , both 3-month bid price and 3-month offer price dwindled by US$39 per tonne or 1.71 per cent and US$38 per tonne or 1.67 per cent to score at US$2,231 per tonne and US$2,233 per tonne. December 24 bid price and December 24 offer price slipped by US$37 per tonne or 1.53 per cent to settle at US$2,368 per tonne and US$2,373 per tonne. LME aluminium opening stock came in at 500850 tonnes. Live warrants and Cancelled warrants closed at 193300 tonnes and 307550 tonnes. LME aluminium 3-month Asian Reference Price declined by US$42.56 per tonne or...
In July 2023, the United States domestic primary aluminium production amounted to 64,000 tonnes, up by 2,000 tonnes or 3.23 per cent month-on-month, found the US Census Bureau data. However, the output increased in July following a drop of 4.62 per cent in June from 65,000 tonnes to 62,000 tonnes. On a year-on-year calculation, the United States primary aluminium production during July 2023 stood restrained at 64,000 tonnes, showed USGS. The average daily production in July was recorded at 2,060 tonnes, essentially unchanged compared to 2,080 tonnes a month ago and 2,070 tonnes a year earlier. Total aluminium recovered from scrap in July 2023 was 274,000 tonnes – 2.84 per cent less than 282,000 tonnes in June and 3.52 per cent down from 284,000 tonnes in July 2022. Of the total scrap...
In 2022, AdTech Metallurgical Materials Co., Ltd initiated a cooperative partnership with the Russian aluminium giant Rusal, building a reputation and commendation of Rusal throughout their collaborative journey. AdTech's unwavering commitment to product quality and service excellence has solidified its standing in this collaboration. To provide a comprehensive and accurate assessment of AdTech's supply and management capabilities, Rusal sent a three-person qualification evaluation team to China in August 2023. Following an intensive two-day on-site inspection and a thorough review, AdTech not only met but exceeded Rusal's stringent supplier requirements and standards. Rusal subsequently delivered the qualification report to AdTech in early September, confirming AdTech's exceptional...
In celebration of its new brand identity, AL Circle announces an exclusive limited-period offer for its valued existing members and newcomers joining the AL Circle community. This offer provides valuable insights and benefits to individuals and companies alike. The Executive Summary of Global Aluminium Industry Outlook, absolutely FREE Individuals registering with AL Circle will receive complimentary access to the Executive Summary of Global Aluminium Industry Outlook. This invaluable resource offers key insights into the global aluminium industry's latest trends and developments, ensuring you stay well-informed about the sector's future. Upon registration, the users will receive this Executive Summary in their inbox. A flat 25% discount on all AL Circle products Apart from the Executive...
AL Circle Biz is now AL Biz ! We have unveiled our revamped global aluminium marketplace platform, ushering in a new era of efficient and accelerated business transactions for companies worldwide. With over 1500 suppliers from 110 countries already on board, AL Biz aims to become the ultimate destination for global buyers and sellers seeking faster and more streamlined business interactions. The upgraded platform introduces several innovative features to enhance the user experience and facilitate seamless trade between businesses. Here are some of the exciting new additions: Trending products: AL Biz now showcases trending products, keeping businesses informed about the latest market trends and popular items. Trending leads: Businesses can access trending leads to identify potential...
