JiaoZuo WanFang Aluminum Manufacturing Co Ltd recorded a 93.5 per cent increase in net income to CNY 1,753.08 million (USD 263.31 million) for the nine months ended September 30, 2026, compared with CNY 905.92 million (USD 136.07 million) in the corresponding period last year. The company's sales rose 19.2 per cent year on year to CNY 5,938.64 million (USD 891.98 million), up from CNY 4,981.54 million (USD 748.23 million) a year earlier. The increase in net income substantially outpaced sales growth during the reporting period. JiaoZuo WanFang's basic earnings per share from continuing operations reached CNY 1.47 (USD 0.22), compared with CNY 0.76 (USD 0.11) in the same nine-month period of 2025. Diluted earnings per share from continuing operations also increased to CNY 1.47 (USD 0.22),...
North American aluminum demand returned to growth in the first half of 2026, but the recovery has exposed a widening gap between market consumption and domestic production. Rising imports of semi-fabricated aluminum products, particularly sheet, have supported regional demand as shipments from US and Canadian producers continue to weaken. According to preliminary industry estimates, aluminum demand across the United States and Canada increased 3.5% Year-on-Year through June 2026, reaching an estimated 13.57 billion pounds (6.16 million metric tonnes), compared with 13.12 billion pounds (5.95 million metric tonnes) during the corresponding period of 2025. The improvement marks a reversal from the previous year's contraction, although imports rather than stronger domestic mill shipments...
Grow with
AL Circle
Zacks Investment Research has reportedly lowered its estimates for Century Aluminium’s Q3 2023 earnings per share (EPS) in a research report issued to clients and investors. According to M. Agarwal, a research analyst at Zacks, projects that Century will post earnings of $0.09 per share for the current quarter, significantly down from the previous forecast of $0.22. As per the investment research firm Zacks, the downtrend is likely to continue until the fourth quarter of 2023, with EPS estimated at $0.06. Other equities analysts have also issued research reports about the company. StockNews.com has granted a ‘sell’ rating to Century Aluminium in a research note, while Wolfe Research has reduced Century’s rating from ‘peer perform’ to ‘underperform’, setting a $6.00 target price on the...
LME aluminium opened at US$2,155 per tonne on Friday, with its high and low at US$2,178.5 per tonne and US$2,147 per tonne, respectively, before closing at US$2,151 per tonne, a decrease of US$6.50 per tonne or 0.30 per cent from the previous trading day. On August Friday 25, both LME aluminium cash bid price and LME aluminium official settlement price grew by US$4 per tonne or 0.18 per cent and US$4.5 per tonne or 0.21 per cent to settle at US$2,123 per tonne and US$2,124 per tonne. As per the London Metal Exchange (LME), the 3-month bid price and 3-month offer price went down by US$2 per tonne or 0.09 per cent and US$2.5 per tonne or 0.11 per cent to close at US$2,160 per tonne and US$2,160.50 per tonne. December 24 bid price and December 24 offer price skids by US$3 per tonne or 0.12...
The primary aluminium sector has been busy with various crucial activities last week. As the world moves toward a sustainable, carbon-free future, energy-intensive industries must turn their production lines greener to achieve Net Zero. The Chalco Qinghai Branch was among the top Ten Chinese Companies to receive the "Green Power Aluminium Evaluation Certificate" for using sustainable energy to make electrolytic aluminium products. The initiative aims to promote eco-friendly and high-quality development within the industry. Mahanadi Coalfields Limited wants to invest INR 34,072 crore in a Greenfield aluminium project in Odisha. The project will include a refinery, smelter, and power plant, and the company plans to extract bauxite to produce aluminium ingots. They plan to inject INR 10,222...
Vedanta's Chairman Anil Agarwal has declared that Vedanta's board is thinking of demerging and separately listing some or most of its businesses, like iron & steel, oil & gas and aluminium, to unbolt shareholders' incentives. The parent company, Vedanta Resources, based in London, will prevail as a holding firm of diversified mining entity Vedanta Ltd. At the same time, some of its counterparts will start acting as independently listed companies. The Chairman spoke out in a video message: "This means if you have one share of Vedanta Ltd, you will have many shares of other (demerged) companies." In November 2021, Anil Agarwal first spoke about spin-offs, demergers and strategic alliances. He said the new advancement would help Vedanta achieve streamlined activities, permitting great value...
On August 25, 2023, three sources directly engaged in quarterly pricing discussions revealed that a worldwide aluminium manufacturer has proposed a premium of $120 per tonne to Japanese buyers for primary metal shipments scheduled for October to December, as reported by globally recognized news agency Reuters. This figure reflects a 6 per cent decrease from the current quarter's premium. Japan holds the title of Asia's largest importer of metal, establishing the standard for the region through the premiums it agrees to pay each quarter for primary metal shipments over the London Metal Exchange (LME) cash price CMAL0. Japanese buyers agreed to pay a premium of $127.5 per tonne for the July-September quarter, nearly in line with the prior quarter's levels.
As the year's first half almost winds up, AL Circle feels excited to announce the launch of its latest panoramic report, Digital Transformation in the Aluminium Industry , which cites the major digital upgrades in the aluminium value chain and justifies its usage. The report features a comprehensive study on data analytics, automation, IoT (Internet of Things), AI, Industry 4.0, blockchain and deep learning. The aluminium industry uses extensive energy and has a vast operational base, with multiple actions happening simultaneously to achieve a particular state. From bauxite mining to alumina refining and from primary aluminium production to downstream and end-user processes, it is imperative to track every activity for minimum material loss and quality inspection. Currently, the aluminium...
The initial roster of Chinese enterprises awarded the "Green Electricity Aluminium Product Evaluation Certificate" and "Green Electricity Aluminium Procurement Certificate" was disclosed on July 4 th , 2023. Among the pioneers, Chalco Qinghai Branch secured its position as one of the premier ten companies nationwide to successfully meet the standards for green power aluminium assessment. Notably, it is the sole entity within the Chinalco group to attain the esteemed "Green Power Aluminium Evaluation Certificate." The initiative, "Green Electricity Aluminium Evaluation", was undertaken by the China Nonferrous Metals Industry Association to foster environmentally friendly and low-carbon progress within China's aluminium sector. The primary objective was to distinguish electrolytic aluminium...
LME aluminium opened at US$2,177 per tonne on Thursday, with its high and low at US$2,182.5 per tonne and US$2,154 per tonne, respectively, before closing at US$2,154.5 per tonne, a decrease of US$20.50 per tonne or 0.94 per cent from the previous trading day. On August 24, the LME aluminium live price chart showed slightly dampening traits, with the LME aluminium cash bid price and the LME aluminium official price lowering by US$9.50 per tonne or 0.45 per cent, to officially close at US$2,119 per tonne and US$2,119.50 per tonne, respectively. The LME aluminium price has fallen by US$97.50 per tonne or 4.39 per cent over this month if we consider the official price on August 1, which was US$2,217 per tonne, as per the data from London Metal Exchange. The LME 3-month bid price has slumped...
According to the International Aluminium Institute (IAI), total primary aluminium production in July 2022 was 5.889 million tonnes, which dropped by 28,000 tonnes or 0.47 per cent to officially close at 5.861 million in July 2023. On a global scale, the annual primary aluminium production in 2021 was 67.092 million tonnes, which on the other hand, increased by 1.369 million tonnes or 2.4 per cent to settle at 68.461 million tonnes in 2022. Among the largest primary aluminium-producing regions, Russia and Eastern Europe contributed almost 4.139 million tonnes of primary aluminium in 2021, falling by 58,000 tonnes or 1.4 per cent to anchor at 4.081 million tonnes in 2022. In Q1 2022, the total primary aluminium production was 1.013 million tonnes, which plunged by 16,000 tonnes or 1.58 per...
Aluminium is the second most extensively used metal in contemporary society, after steel. Due to its varied features, it has experienced substantial growth in usage in recent decades in transportation, construction, packaging, and electrical engineering. For decades, the aluminium sector has had a bad reputation for being locked in the same technical paradigm. The emergence of digital transformation technology is slowly but surely chipping away at this unfavourable image. Aluminium smelters use cutting-edge digital technologies such as AI, Machine Learning, IoT, and Remote Sensing to automate and enhance their decarbonisation efforts. Using artificial intelligence to sort mixed aluminium alloy scrap Sorting aluminium alloy scrap requires an investment of both time and human resources....
South32, with its heterogeneous mining portfolio, has recorded a 20% revenue plunge in FY 2023 ending in June, with the company incurring a loss of $173 million preceded by a non-cash impairment of $1.3 billion for its Taylor deposit at the Hermosa project. The revenue for FY 2023 plummeted from $9.2 billion to $7.4 billion. In 2022, an estimated profit after tax deduction was $2.6 billion, which altered vehemently this year, marking a loss of $173 million. In light of confirmed independent development potential for both the Taylor zinc/silver/lead deposit and the Clark battery-grade manganese deposits, South32 had previously announced non-cash impairment expense related to the Taylor deposit. To comply with accounting regulations, the company assessed each deposit and regional...
China’s Beijing, Tianjin and the Hebei region has endured significant rains since July 29 due to typhoon "Dusuri." In this respect, the Prevention and Rescue Headquarters of Minmetals Nonferrous North China Aluminium Co., Ltd. (hereafter referred to as North China Aluminium) reacted fast, "a game of chess", to establish a safety barrier. To ensure the safety of the project construction during the early stages of heavy rain, cadres and employees added generator sets and multiple drainage pumps in the rain, dug through the reservoir's cofferdam, and dug two gaps in the wall, which resolved the rainwater backfilling time and time again. The danger of waterlogging in Zhuozhou City, Hebei Province, has increased due to causes like exceptionally heavy rains and flooding of upstream rivers, and...
LME aluminium opened at US$2,179 per tonne on Wednesday with its high and low at US$2,192.5 per tonne and US$2,171.5 per tonne respectively before closing at US$2,175 per tonne, a decrease of US$6 per tonne or 0.28 per cent from the previous trading day. On Wednesday, August 23, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$7.5 per tonne or 0.35 per cent to close at US$2,128.50 per tonne and US$2,129 per tonne. LME aluminium 3-month bid price and LME aluminium 3-month offer price also grew by US$6 per tonne or 0.27 per cent to settle at US$2,178 per tonne and US$2,180 per tonne. December 24 bid price and December 24 offer price went up by US$8 per tonne or 0.34 per cent to rest at US$2,343 per tonne and US$2,348 per tonne. LME aluminium opening...
According to a recent report, Citigroup Inc., an American multinational investment bank and financial services corporation, has bought about $160 million worth of Russian aluminium, produced at Rusal, from the London Metal Exchange. Russian-origin stocks in LME-registered warehouses have been growing gradually this year as many global companies resorted to different countries for procuring aluminium for their needs. As per the latest update in July 2023, Russian aluminium represents over 80 per cent of LME warehouse inventories, an all-time high, marking the fourth month-on-month increase in the last five months. In January, Russian aluminium share in LME was 41 per cent, while that in February increased to 46 per cent, March 53 per cent, April 52 per cent, May 68 per cent, and June 80...
On August 23, China’s A00 aluminium ingot price gained RMB 170 per tonne to close at RMB 18,860 per tonne, with the average prices expected to range between RMB 18,840 per tonne and RMB 18,880 per tonne. The spot contract price may be traded at a premium price of RMB 130 to RMB 170 per tonne. The domestic aluminium ingot price has grown in all the provinces, with the highest in Wuxi, where it has surged by RMB 180 per tonne to settle at RMB 18,880 per tonne, followed by a hike of RMB 170 per tonne in Hangzhou and Linyi to reside at RMB 18,860 per tonne. On the same day, the price in Foshan has ascended by RMB 150 per tonne to clock at RMB 18,750 per tonne. As per the data shared by the Shanghai Metals Market (SMM), both Gongyi and Shenyang have experienced an increase of RMB 140 per tonne...
LME aluminium prices closed at US$2181 per tonne overnight, an increase of US$35.5 per tonne or 1.65 per cent. The London Metal Exchange on August 22 marked escalating aluminium prices, with the LME aluminium cash bid price and the LME aluminium official settlement price uniformly releasing US$53 per tonne or 2.56 per cent, officially closing at US$2,121 per tonne and US$2121.50 per tonne, respectively. If we consider the LME aluminium price on August 16, which was US$2,089 per tonne, it can be seen that there has been a Week-on-Week surge of US$32.50 per tonne or 1.55 per cent. China's aluminium ingots social inventory decreased, causing a 0.81 per cent increase in aluminium prices. However, London Metal Exchange registered a rise in inventories due to inflows of 38,725 metric tonnes...
As per the data laid out by International Aluminium Institute (IAI), it can be witnessed that China had a massive haul of 38,837,000 tonnes of primary aluminium in 2021, which grew by 1,593,000 tonnes over a year to reach 40,430,000 tonnes in 2023. In Q1 2022, the total primary aluminium production in China was 9,590,000 tonnes, and in Q1 2023, it was 10,019,000 tonnes, meaning there has been a growth of 429,000 tonnes. In June 2023, the total aluminium production in China was 3,377,000 tonnes, which escalated Month-on-Month by 93,000 tonnes to 3,470,000 tonnes in July 2023. In April 2023, the aluminium production in China stood at 3,364,000 tonnes, which increased by 106,000 tonnes on a Quarter-on-Quarter basis to reach 3,470,000 tonnes in July 2023. Considering the total collection in...
According to data from the London Metal Exchange, inventories of aluminium in registered warehouses have increased to their highest level in over a month. This is due to the inflow of 38,725 tonnes into South Korea, presently stored at the Gwangyang port. As a result, the overall LME inventories have risen by 8 per cent to 529,775 tonnes, the highest since July 12. The increase in inventories suggests that there is a surplus of metal in the market. Additionally, investors are concerned about the weak demand for industrial metals in China, particularly in relation to the struggles in the property sector and weak factory activity. Meanwhile, aluminium output has been increasing in China, the world's top non-ferrous metal producer. In July, smelters in the southwestern province of Yunnan...
