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...
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India is celebrating its 77th Independence Day, a journey of progress and unity. This commemoration marks the country's liberation from British colonial rule, signifying the triumph of freedom, harmony, and self-governance. And to commemorate this significant event, Vedanta Aluminium, one of India's biggest aluminium manufacturers, has launched a multi-channel campaign named '#AzadiKaAsliMatlab' (The True Meaning of Freedom). The campaign revolves around a visually stunning video that captures the country's growth on several fronts. The video debuted on YouTube on August 14th and has been published across all the major social media platforms today (August 15th). The video also highlights the importance of aluminium as the foundation for many vital applications in today's world, propelling...
LME aluminium opened at US$2,180 per tonne on Monday with its high and low at US$2,180 per tonne and US$2,143.5 per tonne respectively before closing at US$2146.5 per tonne, a decrease of US$29 per tonne or 1.33 per cent from the previous trading day. On August 14, the London Metal Exchange witnessed falling aluminium prices with the LME aluminium cash bid price stopping at US$2,095.50 per tonne, tumbling by US$29.50 per tonne or 1.39 per cent. The LME aluminium live price chart also flashed a US$31 per tonne or 1.46 per cent crunch in the LME aluminium official settlement price, with it closing at US$2,096 per tonne. If we consider the LME aluminium market on August 15 one year back, the price stood at US$2,389.50 per tonne, which has slumped year-on-year by US$293.50 per tonne or 12.28...
Aluminium Bahrain B.S.C. (Alba) has expanded its AA6060 alloy family by adding a new alloy '6060.HE', aiming to extend product offerings to extruder customers. Produced in a billet form, Alba's new alloy has a faster extrusion rate that improves process efficiency and productivity for its users. The alloy, with a wide application in the construction sector, has been developed in collaboration with the University of Bahrain. The university as well as Bahrain Aluminium Extrusion Company (BALEXCO), Alba's longstanding customer and one of the leading aluminium extrusion producers in the region, have supported extensively in the development of new alloy by way of field trials, visits, and technical feedback. They started developing 6060.HE in January 2022 and began commercial production in...
China's domestic aluminium production for July 2023 surged to a staggering 3.568 million tonnes, registering an impressive 1.95 per cent year-on-year growth. This monumental achievement was underscored by the sector's average daily output, which escalated by over 3,000 tonnes month-on-month to a robust 115,100 tonnes. Notably, the year-to-date figures tell a compelling story of steady expansion, with total domestic aluminium production reaching 23.676 million tonnes, marking a 2.7 per cent year-on-year cumulative increase. July witnessed a minor ebb and flow in the molten aluminium ratio, a metric underlining industry health. Bolstered by increased downstream capacity, certain entities observed a shift from ingots to molten aluminium, propelling the ratio upwards by 0.6 percentage points...
National Aluminium Company Limited (NALCO), a Schedule ‘A’ Navratna CPSE, reported last week that its quarterly profit for Q1 FY2023-24 recorded a 40 per cent fall, attributed to sluggish global aluminium prices and mediocre demand. NALCO said that it earned a consolidated profit of INR 3.34 billion ($40.34 million) in the first quarter ended June 30, 2023, compared to INR 5.58 billion during the corresponding period of the last year. NALCO’s revenue from the aluminium business registered a decline of 18 per cent and that from chemicals division dropped by 2.7 per cent. As per the report, NALCO’s overall revenue posted a fall of 16 per cent year-on-year. NALCO also highlighted that its revenue from operations dwindled by 16.26 per cent year-on-year from INR 37.95 billion to INR 31.78...
In early August, the Indian Institute of Technology Kharagpur inaugurated a programme on artificial intelligence (AI) to educate students about using technology in the manufacturing industry, including aluminium. The programme will be for three months, with classes only on weekends. Teachers from the computer science, electronics, electrical, and math departments will conduct the classes, according to the AI for Interdisciplinary Cyber-Physical Systems at IIT-Khargpur. The programme: ‘Hands-on AI for the real-world Applications’ will also include practical instruction from TCS scientists, business professionals, and IIT researchers. Artificial intelligence has become a sheer need in the aluminium industry to boost production, improve quality, reduce carbon emissions and achieve...
LME aluminium opened at US$2,197 per tonne last Friday, with its high and low at US$2,206 per tonne and US$2,166 per tonne, respectively, before closing at US$2,178.5 per tonne, a decrease of US$25.5 per tonne or 1.16 per cent from the previous trading day. On Friday, August 11, the London Metal Exchange (LME) recorded a drop of US$36 per tonne or 1.66 per cent and US$34.5 per tonne or 1.59 per cent to close at US$2,125 per tonne and US$2,127 per tonne. The 3-month bid price and 3-month offer price also slipped by US$35 per tonne or 1.58 per cent to settle at US$2,177 per tonne and US$2,178 per tonne. December 24 bid price and December 24 offer price slumped by US$31 per tonne to halt at US$2,342 per tonne and US$2,347 per tonne. LME aluminium opening stock came in at 493825 tonnes. Live...
The primary aluminium sector was quite busy last week, with unstable production all around the globe. Aluminium producer Alro's H1 2023 revenue fell to 1.55 billion RON due to lower prices and the ALUM refinery's temporary closure. The company also recorded a net loss of 164 million RON, compared to a net profit of 15.3 million RON in H1 2022. Glencore is a big player in natural resources, providing vital commodities. They're prominent in alumina and aluminium, trading and processing products from third-party producers. Despite challenges, they're optimistic about the future, especially in China. CEO Gary Nagle sees China's commitment to its economy as a positive sign for commodities, though not necessarily a bonanza. If we consider last week's Friday, August 4, the LME aluminium price...
The Russian aluminium giant and global leader in low-carbon aluminium production, Rusal, recently unveiled its interim results for H1 2023. Amid a complex economic backdrop, the company's performance, market insights, and strategic direction come to the forefront. Rusal operates through four distinct segments – aluminium, alumina, energy, and mining and metals – each a strategic pillar contributing to the company's vitality. The aluminium and alumina segments hold particular significance, driving the core of Rusal's operations. In 2022, Rusal represented 5.6 per cent of global aluminium production, 4.5 per cent of alumina production, and nearly half of its production involved value-added products. Notably, Rusal's low-carbon aluminium, ALLOW, boasts a carbon footprint five times lower...
LME aluminium opened at US$2,197 per tonne on Thursday, with its high and low at US$2,220.5 per tonne and US$2,195.5 per tonne, respectively, before closing at US$2,203.5 per tonne, an increase of US$6.5 per tonne or 0.3 per cent from the previous trading day. London Metal Exchange on August 10 marked a decent increase of US$9 per tonne or 0.42 per cent in LME aluminium cash bid price, which stood at US$2,161 per tonne. The LME aluminium live price chart also showed a US$8.50 per tonne or 0.39 per cent rise in the LME aluminium official settlement price, with it closing at US$2,161.50 per tonne. If we consider the LME aluminium market on July 10, the price stood at US$2,096 per tonne, which has jumped US$65.50 per tonne or 3.125 per cent Month-on-Month to arrive at what it is today. LME...
According to a report on Thursday, August 10, Russian aluminium stocks have posted an 81 per cent growth on the London Metal Exchange-approved warehouses for July 2023 compared to an 80 per cent increase in June. At the end of July 2023, Norsk Hydro wrote a letter to the London Metal Exchange to warn them that a large volume of aluminium from Russia weighed on the LME benchmark price. Hydro also requested the exchange to reconsider the decision not to ban Russian aluminium from its warehouse network. Russian aluminium stocks recorded steady growth on LME since the year began. For instance, Russian stocks increased by 41 per cent in January, 68 per cent in May and 80 per cent in June. In response to the letter, LME replied that it would closely monitor the arrivals of Russian aluminium to...
The aluminium industry has witnessed a technological evolution in the past decade, with big players altering their production methods to include automation, the Internet of Things (IoT) and Artificial Intelligence (AI). After the Paris Environmental Pact of 2015, where the world vouched to be more careful about carbon emissions, the need to conserve energy, re-utilise used materials, and kerbside recycling has increased. Wars have the ability to encourage the implementation of transformational processes that might boost productivity and quality. During the 20th century, more precisely in 1913, Henry Ford introduced the concept of automation in his car production assembly line, and from then, the active use of automated processes in heavy industries has increased. Additionally, the...
Adopting digital solutions by manufacturing industries to enhance production and operational processes is no longer an unconventional practice. From the textile industry to metallurgy, none is indifferent to digitalisation and its benefits. The aluminium industry is no exception to this trend and has embraced new-age technologies wholeheartedly. The industry deeply feels that digitalisation is not an option but an imperative solution now, given the uninterrupted growing demand for the metal and unwavering concerns about minimising carbon footprint. It is a proven fact that efficient and intelligent use of technologies like artificial intelligence, machine learning, process automation and robotics, the Internet of Things, and the Industrial Internet of Things or smart manufacturing can...
Glencore, a powerhouse among globally diversified natural resource companies, has long been dominant in the commodities market. Its operations span both industrial and marketing domains, with a responsible commitment to providing the essential commodities that form the foundation of life's essentials. With a prominent presence in the alumina and aluminium sector, Glencore plays a pivotal role in the global market. It not only markets iron ore internationally but also processes and sells products sourced from various third-party aluminium and alumina producers. These offerings encompass a spectrum of essential elements, including bauxite, alumina, primary aluminium, and aluminium alloys, thereby shaping the very building blocks of numerous industries. Amidst a landscape characterized by...
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter outside China, has announced its Q2 results for 2023, disclosing 405,628 tonnes of production, up by 9,085 tonnes from Q2 2022. Sales volume grew by 3,816 tonnes to stand at 392,258 tonnes. Value-added products accounted for 70 per cent of total sales like last year, indicating a stable demand for these products. But this steady operational output could not result in a positive financial outcome due to the sluggish LME aluminium price trend. Alba posted that its profit stood at BD29.9 million (US$79.5 million) for the second quarter of 2023, down by 83.56 per cent from BD181.9 million a year ago. The company’s Basic and Diluted Earnings per Share amounted to fils 21 in Q2 2023 versus fils 128 in Q2 2022. Alba’s Total...
The Romanian aluminium producer Alro, a prominent vertically integrated aluminium producer in Europe, has released its combined and individual financial outcomes for H1 2023, concluding on June 30th. During this period, the collective revenue of the organization declined to 1.55 billion RON, as opposed to the previous figure of 2.1 billion RON. This reduction was attributable to diminished LME valuations and the temporary closure of the ALUM alumina refinery. Over the same span, the Group incurred a net deficit of 164 million RON, contrasting with a net gain of 15.3 million RON in the corresponding period of 2022 . Marian Năstase, the Chairman of the Board of Directors at ALRO, said, “Over the past 20 years, we invested more than USD 530 million in ALRO’s development and transformation,...
LME aluminium opened at US$2,204 per tonne on Wednesday, with its high and low at US$2,222 per tonne and US$2,193.5 per tonne, respectively, before closing at US$2,197.5 per tonne, a decrease of US$6.5 per tonne or 0.3 per cent from the previous trading day. On Wednesday, August 9, both LME aluminium cash bid price and LME aluminium official settlement price grew by US$10 per tonne or 0.46 per cent to settle at US$2,152 per tonne and US$2,153 per tonne. LME aluminium 3-month bid price and 3-month offer price moved up by US$10 per tonne or 0.45 per cent to halt at US$2,204 per tonne and US$2,205 per tonne. December 24 bid price and December 24 offer price also scrolled up by US$2 per tonne or 0.08 per cent and US$12 per tonne to settle at US$2,365 per tonne and US$2,370 per tonne. LME...
According to the Shanghai Metals Market data, China’s primary aluminium imports reached 89,400 tonnes in June 2023, registering an increase of 20.7 per cent month-on-month and a surge of 213.6 per cent over a year. The primary aluminium exports in June totalled 32,900 tonnes - 187 per cent more than in May 2023 and 400 per cent higher than in June 2022. From the domestic market, China secured 56,400 tonnes of primary aluminium in June 2023, which reflected a 9.8 per cent decline month-on-month but a sharp rise of 158 per cent year-on-year. China’s total imports of primary aluminium from January to June amounted to 430,500 tonnes, soaring year-on-year by 1,747.6 per cent. However, there was no upward movement in domestic aluminium ingot imports during June 2023, primarily due to narrow...
