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...
Grow with
AL Circle
LME aluminium opened at US$2,192.5 per tonne last Friday, with its high and low at US$2,222.5 per tonne and US$2,185 per tonne, respectively, before closing at US$2,217 per tonne, an increase of US$21 per tonne or 0.96 per cent. On Monday, September 18, both LME aluminium cash bid price and LME aluminium official settlement price grew by US$9.5 per tonne or 0.44 per cent to close at US$2,164.50 per tonne and US$2,165 per tonne. 3-month bid price and 3-month offer price went up by US$9 per tonne or 0.40 per cent to settle at US$2,205 per tonne and US$2,206 per tonne. December 24 bid price and December 24 offer price were hiked by US$11 per tonne or 0.47 per cent to reside at US$2,343 per tonne and US$2,348 per tonne. LME aluminium opening stock came in at 492575 tonnes. Live warrants and...
According to Chinese customs data released on September 18, 2023, the country experienced a significant increase of 38.9 per cent in aluminium imports in August compared to the same period the previous year. This surge can be attributed to increased purchasing due to low domestic aluminium stocks and improved prospects for demand. According to data from the General Administration of Customs, China, which holds the title of being the world's largest consumer and producer of aluminium, imported a total of 278,658 tonnes of unwrought aluminium and related products in the previous month. This includes primary metal and unwrought, alloyed aluminium. The Chinese domestic market had anticipated a rise in aluminium demand during the autumn months, driven in part by the traditional increase in...
European industrial aluminium clients are now experiencing a delay in supplying smelters with the required quantities for new contracts in 2024. This delay is mainly caused by concerns that they may exceed their purchase requirements, as the area's demand for finished metal goods has decreased significantly in recent years. Suppliers and customers are now engaged in the market's "mating season," during which corporations endeavour to secure supply agreements for the lightweight metal used in transportation, building, and packaging. According to the reports, the industrial output in Germany, the largest European economy, had a greater decrease than anticipated in July. Additionally, the contraction in business activity throughout the eurozone was found to have progressed quicker than...
LME aluminum opened at $2,220.50 per tonne on last Friday, with its high and low at US$2,231.50 per tonne and US$2,187 per tonne respectively before closing at US$2,196 per tonne, a decrease of US$24 per tonne or 1.08 per cent. On Friday, September 15, the LME aluminium cash bid price and LME aluminium official settlement price plunged by US$37 per tonne or 1.69 per cent to close the week at US$2,155 per tonne and US$2,155.50 per tonne, respectively. On the same day, the 3-month bid price and 3-month offer price shrank by US$38.50 per tonne and US$38 per tonne, settling at US$2,196 per tonne and US$2,197 per tonne. December 24 bid price and December 24 offer price stood at US$2,332 per tonne and US$2,337 per tonne, respectively, experiencing a fall of US$38 per tonne at the week-end. LME...
On Thursday, September 14, the Guangxi Dongrong Pilot Demonstration Zone laid the foundation stone of an aluminium and copper project in Baigui Industrial Park in the presence of the Deputy Director of the management committee and Li Honghui, a member of the Party Working Committee. They attended the event and addressed the audience, consisting of more than 60 representatives of the demonstration zone, Renyi Town government, project owner units and construction units. The project will initially have an annual output of 50,000 tonnes of both aluminium and copper, involving an investment of RMB 500 million. Later on, it is expected to reach an annual output value of RMB 3.5 billion, creating new jobs for 80 people. Li Honghui extended warm congratulations to the project and pointed out that...
The LME aluminium benchmark price reflected a consistent growth throughout the week until it plunged significantly on Friday, September 15. On Monday, September 11, the LME aluminium cash bid price and LME aluminium official settlement price increased by US$21 per tonne and US$21.50 per tonne over the weekend, settling at US$2,153 per tonne and US$2,154 per tonne, respectively. The next day, the prices grew marginally by US$0.50 per tonne and US$1 per tonne to stand at US$2,152.50 per tonne and US$2,153 per tonne. On Wednesday, September 13, the LME aluminium cash bid price and LME aluminium official settlement price further expanded, both by US$3.50 per tonne, to reach US$2,156 per tonne and US$2,156.50 per tonne. On Thursday, September 14, the prices recorded a leap of US$36 per tonne,...
The Mozal aluminium smelter in Mozambique intends to increase primary aluminium output by 40,000 tonnes during the current fiscal year, which began in June. Mozal Aluminium's facility in Southern Africa is the country's biggest industrial employment. Aluminium Bahrain B.S.C. (Alba) received the renowned Brandon Hall Group Silver Award for Excellence 2023 in the Best Development Programme for Frontline Leaders' Category, demonstrating its dedication to the professional development of its personnel. The China Federation of Logistics and Purchasing recently published its list of China's 36th batch of A-level logistics enterprises, with Chinalco Logistics and Yunnan Aluminium Logistics receiving the highest rating of 5A-level logistics enterprises and entering the "first echelon" of China's...
In August, China witnessed a 3.1 per cent increase in its primary aluminium production compared to the previous year, reaching a record monthly high. This surge in production was primarily attributed to the recovery of hydropower generation in the southwestern province of Yunnan. According to data released by the National Bureau of Statistics (NBS), China, the world's largest aluminium producer, achieved an output of 3.6 million tonnes of primary aluminium in the same period. Compared to the previous month, the output saw a 3.4 per cent increase, with daily production averaging 116,129 tonnes in August, as calculated by Reuters. During this reporting month, a survey conducted by consultancy firm Mysteel revealed that approximately 390,000 tonnes of annual capacity, equivalent to 32,500...
EPIQ Machinery has reportedly acquired Stymer Technologies, a Pune-based Engineering services company, under ADF Engineering, a subsidiary of EPIQ Machinery. The news came on Thursday, September 14, after the company’s Chief Executive Officer, Éloïse Harvey; Operation Manager, Bhushan Bachhav; and Vice President, Nilesh Shelke, confirmed the transaction between EPIQ and Stymer. EPIQ Machinery is delighted with this acquisition as it aligns with their growth vision and commitment to timely delivery of high-quality materials handling systems to primary metals, pulp and paper mills, and hydrometallurgy customers. Stymer Technologies specialises in engineering services. It offers support for engineering, product development, detailing, and analysis needs to its customers, primarily from...
LME aluminium opened at US$2,211 per tonne on Thursday, with its high and low at US$2,239 per tonne and US$2,206.5 per tonne, respectively, before closing at US$2,220 per tonne, an increase of US$12 per tonne or 0.54 per cent. On Thursday, September 14, both LME aluminium cash bid price and LME aluminium official settlement price expanded by US$36 per tonne or 1.66 per cent to close at US$2,192 per tonne and US$2,192.50 per tonne. As per the data uploaded by the London Metal Exchange (LME), both 3-month bid price and 3-month offer price grew by US$39.5 per tonne or 1.79 per cent and US$38 per tonne or 1.72 per cent to halt at US$2,234.50 per tonne and US$2,235 per tonne. December 24 bid price and December 24 offer price hiked by US$40 per tonne or 1.71 per cent to stand at US$2,370 per...
The China Federation of Logistics and Purchasing recently released its list of the 36th batch of A-level logistics enterprises in China, with Chinalco Logistics and Yunnan Aluminum Logistics achieving the highest rating of 5A-level logistics enterprises and entering the "first echelon" of China's logistics industry. Zhongzhou Logistics and Chinalco Logistics Southeast Asia dry port were rated as 4A-level logistics enterprises, while Chinalco Logistics Northwest dry port was rated as a 3A-level logistics enterprise. The A-level logistics enterprise evaluation is a comprehensive evaluation and certification of logistics enterprises based on the national standard "Classification and Evaluation Index of Logistics Enterprises" and the norms and standard processes. It is the most authoritative...
The combined effects of alumina and self-supplied electricity prices caused an uptick in the cost of electrolytic aluminium in August. The Mysteel aluminium research team extensively analysed electrolytic aluminium enterprises in China. In August 2023, the weighted average full cost of the Chinese electrolytic aluminium industry stood at 15,764 yuan per tonne, reflecting a 137 yuan per tonne increase compared to the previous month. When compared to the average spot price of aluminium ingots at Shanghai Steel Union, which was 18,654 yuan per tonne in August, the industry's overall profit amounted to 2,890 yuan per tonne. The rise in aluminium prices slightly outpaced the increase in costs, resulting in an average profit surge of 163 yuan per tonne in the electrolytic aluminium industry for...
LME aluminium opened at US$2,199 per tonne on Wednesday, with its high and low at US$2,220 per tonne and US$2,191 per tonne, respectively, before closing at US$2,211 per tonne, an increase of US$14.5 per tonne or 0.66 per cent. The LME aluminium live price chart experienced mixed aluminium price trends on September 13, with the LME aluminium cash bid price and the LME aluminium official price gaining US$3.50 per tonne or 0.16 per cent to officially close at US$2,156 per tonne and US$2,156.50 per tonne. One year back, on September 13, the LME aluminium price was US$2,309.50, which plummeted by US$153 per tonne or 6.62 per cent to stop at the recent price. London Metal Exchange graph displayed that the 3-month bid price and the 3-month offer price have slumped by US$3.50 per tonne or 0.16...
According to the US Census Bureau data, the United States' primary aluminium production in June 2023 was recorded at 62,000 tonnes, experiencing a drop of 3,000 tonnes or 4.62 per cent month-on-month. In May, the output stood at 65,000 tonnes, up by 2,000 tonnes or 3.17 per cent from 63,000 tonnes. On a year-on-year calculation, the United States' primary aluminium output in June 2023 reflected a sharp fall of 16,000 tonnes or 20.5 per cent from 78,000 tonnes. Adding up the United States primary aluminium output through the second quarter of 2023, the production volume aggregated at 190,000 tonnes - 1.06 per cent higher than 188,000 tonnes in Q1 2023 . The country’s total production in H1 thus stood at 378,000 tonnes. The United States daily average primary aluminium production in June...
According to a source on Wednesday, September 13, China Hongqiao Group has moved 1.5 million tonnes of aluminium smelting capacity to Yunnan, a region with abundant hydro power. Going ahead, China Hingqiao Group aims to deploy 4 million tonnes of aluminium smelting capacity by the end of 2025 in Yunan to leverage the availability of renewable energy. According to Ron Knapp, special adviser to the company, this capacity shift to Yunnan will enable China Hongqiao Group to curb carbon emissions by 30 per cent by 2023-end. Knapp told Reuters in an interview on the sidelines of Fastmarkets aluminium conference in Barcelona, "That's the first step to get us out of coal. We are committed to hit peak carbon by 2025." China Hongqiao Group aims to shift 2 million tonnes of capacity to Yunnan from...
The Mozal aluminium smelter, located in Mozambique, plans to boost primary aluminium production by 40,000 tonnes during the ongoing fiscal year, which commenced in June. The operation of Mozal Aluminium in the Southern African nation is considered the largest industrial employer in the country. According to a senior official from the organization on August 12, "The production will grow to 578,000 tonnes of aluminium against the previous 538,000 tonnes." "The expected growth is the result of improving operations within the company. This forecast may also influence the level of aluminium export due to the investments made by the company recently." The official elucidated that the aluminium production from the previous year was primarily shipped to diverse global markets, with a notable...
In a recent development, Chinalco, a leading aluminium producer, has announced a significant change in the leadership structure of its Guizhou enterprises. The decision was made during a cadre meeting held on September 8 at the ChalCO Guizhou Enterprise. The meeting saw the presence of high-ranking officials and key personnel, including Chinalco Assets Party secretary and Chairman Zhou Lihong, Li Wenjun (General Manager of Human Resources Department of Chinalco Assets), Comrade He Fei (formerly the General Manager of Guizhou Aluminum Works Co., LTD.), and various members and representatives from Guizhou Aluminum Factory, Guizhou Hualin, Guizhou Huajin, and Guizhou Branch. During the meeting, Li Wenjun read out relevant documents from both the Chalco Assets Party Committee and the Chalco...
The producers and consumers in the metals industry are convening this week to negotiate supply agreements for the upcoming year, with Russian aluminium causing division within the sector. While certain industrial consumers have opted not to consume supplies from Russia due to the Ukraine-Russia geopolitical issue, opposing arguments suggest that such a stance is unjustifiable when sanctions do not encompass a company or its metal products. Discussions regarding the prohibition of Russian metal are expected to resurface in Barcelona this week. In July, the Norwegian aluminium giant called upon the London Metal Exchange (LME) to reconsider its stance on not imposing a ban on Russian aluminium. The International Aluminium Conference, which commenced on August 12, is considered a period when...
