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$2,204.50 per tonne on Tuesday, with high and low at $2213.50 per tonne and $2186.50 per tonne, respectively, before closing at US$2,196 per tonne, a drop of US$8 per tonne or 0.36 per cent. On Tuesday, September 12, the LME aluminium cash bid price and the LME aluminium official settlement price dropped 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, respectively. Since the beginning of the month, the LME aluminium benchmark price has showcased a downtrend, with only two intermittent hikes. To date, the price has decreased by 1.42 per cent or US$31 per tonne from US$2,184 per tonne. However, on the other hand, the 3-month bid price and the 3-month offer price increased on Tuesday by US$4.50 per tonne...
The "Aluminium Industry Big Data Integration and Innovation Centre" initiated by Zhengzhou Research Institute has achieved a significant milestone by securing inclusion in Henan Province's "Big Data Industry Integration and Innovation Centre." The Henan Provincial Department of Industry and Information Technology recently granted approval to the "Aluminium Industry Big Data Industry Integration and Innovation Centre," paving the way for its integration into Henan Province's "Big Data Industry Integration and Innovation Centre" in the year 2023. This endorsement comes with substantial support from the Henan Province for the centre's development. In 2022, the Henan Provincial Department of Industry and Information Technology embarked on the establishment of Henan Province's comprehensive...
China’s aluminium production continued to grow in August 2023 (31 calendar days), standing above 3.6 million tonnes, according to the Shanghai Metals Market survey. Data showed the output clocked at 3.623 million tonnes, registering a 1.54 per cent M-o-M growth from 3.568 million tonnes and a 3.9 per cent Y-o-Y hike. The daily average production in August 2023 was 116,900 tonnes, up by 1.56 per cent from 115,100 tonnes in the previous month. The impressive growth in China’s monthly output in August brought the country’s total production in the first eight months to 27.299 million tonnes – 2.8 per cent higher Y-o-Y. SMM survey also showed the liquid aluminium ratio rose modestly by 4.8 per cent year-on-year to 72.8 per cent in August 2023, with an increased proportion in northern and...
The 37 th Fastmarkets International Aluminium Conference 2023 is anticipated to be a significant milestone in the world of aluminium industry conferences. This prestigious conference brings together the global aluminium industry leaders under one platform. The conference is set to take place at the InterContinental in Barcelona, Spain, from September 12 th to September 14 th , 2023. The conference continues its legacy of fostering innovation, collaboration, and strategic discussions with over 400 executives across the aluminium supply chain for three days of analysis and insights into raw materials primary and secondary aluminium markets. This is a once-a-year opportunity to come together with producers, traders and other aluminium purchasers at a critical window in the annual trading...
LME aluminium opened at US$2,184.5 per tonne on Monday, with its high and low at US$2,210.5 per tonne and US$2,184 per tonne, respectively, before closing at US$2,207 per tonne, up US$23.5 per tonne or 1.19 per cent. The LME aluminium live price chart experienced escalating aluminium price trends on September 11, with the LME aluminium cash bid price and the LME aluminium official price gaining US$21 per tonne or 0.98 per cent and US$21.50 per tonne or 1 per cent, respectively, to officially close at US$2,153 per tonne and US$2,154 per tonne. If the LME aluminium price on September 4, last week, is taken into account, we can measure a Week-on-Week spike of US$4.50 per tonne or 0.21 per cent, as the price was US$2,149.50 per tonne. London Metal Exchange graph displayed that the 3-month bid...
Aluminium Bahrain B.S.C. (Alba) has once again proven its commitment to the professional development of its employees by receiving the prestigious Brandon Hall Group Silver Award for Excellence 2023 in the Best Development Programme for Frontline Leaders' Category. This recognition marks the fourth time that Alba has been honoured by the Brandon Hall Group, with previous awards won in 2016, 2018, and 2021. One of Alba's most significant and enduring initiatives is its Training and Development Programme (T.D.P.). This program seeks to increase Bahrainisation by improving the professional skills of Bahraini employees through education and skills training. The T.D.P. prepares these employees to take on supervisory and leadership roles in the company. While talking about this new achievement,...
Aluminium stocks at the three major Japanese ports - Yokohama, Nagoya, and Osaka increased by 2.9 per cent month-on-month to stand at 360,700 tonnes as of August-end, 2023, found Maruberni Corporation, a major Japanese integrated trading and investment business conglomerate. Aluminium stocks in Japan grew in August 2023, following a decline in the previous month by 1.09 per cent from 357,490 tonnes to 350,600 tonnes. However, on a year-on-year basis, Japanese aluminium stocks in August 2023 stood at 9.78 per cent or 39,100 tonnes lower than 399,800 tonnes. In August 2022, aluminium stocks at Japanese ports rose 9.8 per cent month-on-month from 364,000 tonnes. At Yokohama, aluminium stocks in August 2023 stood at 160,200 tonnes – 1.46 per cent higher month-on-month than 157,900 tonnes and...
In October 2019, the province Party Committee and provincial government facilitated the establishment of the Yunnan Green Aluminium Innovation Industrial Park in Yanshan. The park has successfully established and integrated the whole industrial chain of green aluminium via its dependence on the 2.03 million tonnes of green aluminium project initiated by Yunnan Hongtai Company. Thus far, the investment has reached a total of RMB 28.7 billion, and it is projected that the aluminium industrial production value of the park will attain RMB 18.33 billion in 2023. The Yunnan Green Aluminium Innovation Industrial Park is a collaborative effort between the provincial government and the Weiqiao Entrepreneurship Group. Its primary objective is to expedite the comprehensive integration of Yunnan's...
On Thursday, September 7, China’s aluminium ingot inventories across eight major consumption areas amounted to 517,000 tonnes, registering a week-on-week hike of 24,000 tonnes from 493,000 tonnes, found the Shanghai Metals Market survey. However, from Monday, November 4, the inventories dropped by 2,000 tonnes, and from a year ago, the stocks plunged by 155,000 tonnes, marking the lowest level for this period in the past five years. The inventory fall in mid-week could be attributed to an enthusiastic consumption of primary aluminium among the downstream sector ahead of a traditional peak season. The predominant trend of high supply and low demand has somewhat weakened. However, the week-on-week hike in inventories was primarily contributed by Wuxi, followed by Nanhai, Shanghai, and...
LME aluminium opened at US$2,194.5 per tonne last Friday, with its high and low at US$2,195 per tonne and US$2,171 per tonne, respectively, before closing at US$2,181 per tonne, a drop of US$15 per tonne or 0.68 per cent. On Friday, September 8, the London Metal Exchange (LME) revealed that both LME aluminium cash bid price and LME aluminium official settlement price slumped by US$25.5 per tonne or 1.18 per cent to settle at US$2,132 per tonne and US$2,132.50 per tonne. 3-month bid price and 3-month offer price also contracted by US$25 per tonne or 1.13 per cent and US$15 per tonne or 0.68 per cent to close at US$2,180 per tonne and US$2,181 per tonne. December 24 bid price and December 24 offer price dipped by US$23 per tonne or 0.97 per cent to halt at US$2,327 per tonne and US$2,332...
Major changes are on their way in the primary aluminium sector, with the world advocating the need to incorporate more and more renewable energy systems into the equation. Shell Energy and Hydro have inked a significant three-year agreement aimed at decarbonising Hydro's UK operations. Under the terms of the deal, Shell Energy will supply 56 GWh of electricity and 144 GWh of gas to Hydro annually, letting the aluminium giant substantially cut down its Scope 2 emissions in the UK, resulting in a remarkable annual reduction of approximately 11,000 tonnes of CO2. In a recent development, Jérôme Pécresse has been appointed as the new Chief Executive for Rio Tinto Group's aluminium business, starting on October 23, 2023. He has over 30 years of experience in senior leadership roles in global...
The United States aluminium crude metals and alloys imports from Canada in May 2023 was 212,000 tonnes, with the total imported amount from January to May being 1.06 million tonnes. On the other hand, USGS data denotes that the amount of aluminium crude metals and alloys exported to Canada in May 2023 was 6,640 tonnes, marking a total export value of 29,300 tonnes from January to May of the same year. The above data tells us that the USA imports a hefty amount of aluminium crude metals and alloys from Canada, while the export percentage is quite low. On a month-on-month scale, the import amount has fallen from 237,000 tonnes in April 2023, while the export rate has swollen from just 4,990 tonnes in April 2023 to the current data in May. US imports from Canada have dropped by 25,000 tonnes...
The inauguration ceremony for the annual treatment of 70,000 tonnes of aluminium electrolyte comprehensive utilisation project, conducted by Henan Qinyuan Chun New Materials, took place on the morning of September 6. Wang Jiapeng, the Party Secretary of Qinyang and Deputy Director of the Standing Committee of the Municipal People's Congress in Jiaozuo, graced the occasion and officially declared the commencement of operations for the project. During the production ceremony, Wang Jiapeng announced the beginning of the yearly process of Henan Qinyuanchun New Materials' complete utilisation project for 70,000 tonnes of aluminium electrolyte. "In recent years, Qinyang City adheres to the main strategy of industrial strength, always regards project construction as the main focus of work,...
On September 5, Baowu and Chinalco Group signed a strategic cooperation framework agreement in Beijing. The purpose of this agreement is to actively promote the optimisation and upgrading of the industrial layout structure while practising the new development concept. The agreement will enable the two sides to carry out in-depth cooperation in the areas of national strategic mineral resources security, advanced material research and development, and industrial collaboration. The signing ceremony was attended by Baowu Party Secretary and Chairman Hu Wangming and Chinalco Group Party Secretary and Chairman Duan Xiangdong. The agreement was signed by Hou Angui, a member of the Standing Committee of the Baowu Party Committee and Deputy General Manager, and Dong Jianxiong, a member of the...
On Thursday, September 7, the Aluminum Association, the aluminium industry's leading voice in the United States of America, published its monthly Aluminum Situation report, which includes early projections indicating a 4.5 per cent decline in demand for the aluminium industry in North America (comprising the United States and Canada) for the first half of 2023. As per the report, the aggregate demand for aluminium in the United States and Canada, including shipments by local manufacturers and imports, was around 13.3 million pounds during the first quarter, in contrast to the 13.9 million pounds recorded in the first half of 2022. "While aluminum demand has declined in the first half of 2023 following a buoyant 2022, it remains relatively strong compared to the past decade. Projects to...
LME aluminium opened at US$2,193 per tonne on Thursday, with its high and low at US$2,199 per tonne and US$2,176.5 per tonne, respectively, before closing at US$2,196.5 per tonne. London Metal Exchange's live price graph displayed that the 3-month official price has descended by US$10 per tonne or 0.45 per cent to close at US$2,196 per tonne on September 7. The December 23 official price has dipped by US$153.75 per tonne or 6.53 per cent to settle at US$2,201.25 per tonne. LME aluminium opening stock recorded a slump of 925 tonnes or 0.18 per cent to arrive at 501,475 tonnes. Live warrants stood at 232,400 tonnes, with an extensive rise of 5,800 tonnes or 2.56 per cent. Cancelled warrants settled at 269,075 tonnes, with 6,725 tonnes or 2.44 per cent being taken away from it. SHFE...
On Thursday, September 7, China’s 6063 aluminium billet inventories across five major consumption areas totalled 81,800 tonnes, registering a week-on-week hike of 12,200 tonnes or 17.53 per cent from 69,600 tonnes, found the Shanghai Metals Market data. From Monday, September 4, the inventories on Thursday grew by only 1,800 tonnes. Foshan continued to be the main contributor to the billet inventories growth this week, followed by Huzhou and Wuxi. To know the current status of aluminium billet inventories in more detail, refer to the chart below: In Foshan, aluminium billet inventories increased by 4,100 tonnes week-on-week but dropped by 2,600 tonnes from Monday to stand at 45,200 tonnes, followed by the gain in Huzhou by 4,000 tonnes from a week ago and 2,000 tonnes from Monday to...
In recent years, Yunnan Province has taken the lead in transferring aluminium sector capacity, capitalising on the benefits of renewable energy, and the creation of "China's Green Aluminium Valley" has reached a point where further acceleration is no longer possible. Upon the successful implementation of the primary industrial park initiatives aimed at integrating hydropower and aluminium processing in Wenshan Zhuang and Miao Autonomous Prefecture, as well as Honghe Hani and Yi Autonomous Prefecture, it is anticipated that the production capacity of Yunnan province will exceed 8 million tonnes. This capacity is approximately one-fifth of the total national electrolytic aluminium production capacity. Yunnan Aluminium Co. Ltd., a prominent enterprise with a longstanding involvement in the...
