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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Emirates Global Aluminium, a prominent industrial organisation in the United Arab Emirates, has recently announced its successful expansion of the Kenzen wearable technology platform. This revolutionising technology has been made available to 350 employee volunteers as part of EGA's 'Beat the Heat' initiative this summer. It is well known that heat-related illness poses a significant threat to outdoor workers, particularly during the UAE summer. However, EGA has been steadfast in its commitment to eradicating this issue for over a decade now. The Kenzen wearable technology platform is an innovative solution that can help protect outdoor workers by continuously monitoring body temperature, heart rate, activity, and other vital body indicators. With this real-time data, both the wearer and...
The Brazilian integrated aluminium company Companhia Brasileira de Alumínio (CBA) operates in an integrated manner, from mining to the final product has adjusted its capital expenditure (capex) program's timeline due to a progressively demanding price environment. In its Q2 financial results, CBA stated, "The timeline for expansion projects will be extended, with the expected completion of some projects moving from 2025 to 2027. The main delays are the restart of pot room 1 and the technological upgrade of smelters." "The capex reduction in the quarter, primarily in the modernization and expansion item, is due to the initiatives to adjust the schedule of projects, which are multi-year and have the flexibility to be reviewed according to operational cash flow and market conditions." CBA's...
LME aluminium opened at US$2,230 per tonne on Tuesday, with its high and low at US$2,233 per tonne and US$2,198 per tonne respectively before closing at US$2,198 per tonne, a decrease of US$32 per tonne or 1.4 per cent from the previous trading day. The London Metal Exchange , on August 8, experienced a slump of US$35.50 per tonne or 1.63 per cent and US$35 per tonne or 1.6 per cent in LME aluminium cash bid price and the LME aluminium official settlement price, respectively with the former being stuck at US$2,142 per tonne and the latter halting at US$2,143 per tonne. If we consider May 9, the LME official price was US$2,321 per tonne, which has decreased US$178 per tonne or 7.67 per cent Quarter-on-Quarter to reach what it was yesterday. LME 3-month bid price and LME 3-month offer price...
According to the Shanghai Metals Market data, social inventories of aluminium ingot totalled 525,000 tonnes across eight major Chinese consumption areas, including SHFE warrants, as of Thursday, August 3. On a week-on-week basis, the inventories dropped by 11,000 tonnes, and on an annual basis, they fell by 153,000 tonnes, coming to a five-year low. Cargo arrivals in major markets remained low than expected as August began, while cargo pick-up from warehouses stood stable, allowing stocks to drop. Gongyi, Tianjin, and Hangzhou primary contributed to the weekly drop, while other provinces recorded no change in inventories. To know more about the current status of primary aluminium inventories across China, refer to the chart below: In Gongyi and Tianjin, primary aluminium inventories...
Aluminium prices experienced a slight decline of 0.05 per cent yesterday, settling at US$202.15 per tonne due to heightened supply in Yunnan. This development may lead to a gradual emergence of supply pressure. The northern region faced floods and other factors during the week, resulting in fewer aluminium ingot arrivals and a decrease in aluminium social stocks. Nevertheless, there are indications that more favourable policies to boost demand may be announced in China in the upcoming days. These policies have already boosted real estate, automobiles, and other related consumption. However, the resumption of aluminium production in Yunnan is accelerating, and some major smelters in the region are expected to produce at full capacity by the end of August, potentially leading to a record...
LME aluminium opened at US$2,213 per tonne on Thursday, with its high and low at US$2,233 per tonne and US$2,197 per tonne, respectively, before closing at US$2,232.5 per tonne, an increase of US$22 per tonne or 1.02 per cent. On Monday, August 7, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$13.5 per tonne or 0.62 per cent and US$12 per tonne or 0.55 per cent to settle at US$2,177.50 per tonne and US$2,178 per tonne. 3-month bid price and 3-month offer price gained US$19 per tonne or 0.85 per cent to score at US$2,229 per tonne and US$2,230 per tonne. December 24 bid price and December 24 offer price went up by US$10 per tonne or 0.41 per cent to come in at US$2,393 per tonne and US$2,398 per tonne. LME aluminium opening stock came in at 501325...
The "Innovation X Scientific Flight" programme, a new paradigm for low-cost space research and new technology investigations, was announced jointly by the Chinese Academy of Sciences' Innovation Academy of Microsatellite (IAMC) and Zhongke Aerospace Exploration Technology Company. According to ZHANG Yonghe, the Chief Designer from IAMC, the programme will supply worldwide scientists, research institutes, universities, and space industries with complete and integrated launch services. The 650kg "Innovation X" satellite is outfitted with a sophisticated interface, flexible design, and dynamically integrated experimentation platform. It transported almost 20 new payloads and technical items into orbit, conducting 44 space technology verifications. The verifications include: An all-aluminium...
LME aluminium opened at US$2,224 per tonne last Friday, with its high and low at US$2,224 per tonne and US$2,205 per tonne respectively before closing at US$2,239 per tonne, an increase of US$15 per tonne or 0.7 per cent from the previous trading day. On August 4, London Metal Exchange reported that the aluminium cash bid price surged by US$17.50 per tonne or 0.81 per cent to halt at US$2,164 per tonne and the LME aluminium official settlement price spiked by US$19 per tonne or 0.88 per cent to close at US$2,166 per tonne. LME aluminium live price chart shows a Month-on-Month escalation of US$63.50 per tonne or 3.02 per cent if we consider the aluminium cash price on July 4, which was US$2,102.50 per tonne. LME 3-month bid price jumped by US$17 per tonne or 0.77 per cent, settling down at...
The primary aluminium segment has recorded some of the most interesting quips last week, with John Slaven being appointed by Vedanta Ltd as the Chief Executive Officer for its Aluminium Business. Slaven will begin his tenure in the company from October 3 this year and will remain in chair for the next 3.5 years. The LME aluminium price live chart flashed a depletion of US$48.50 per tonne or 2.2 per cent Week-on-Week from 31 July when the aluminium ingot price stood at US$2,195.50 per tonne to 3 August’s price of US$2,147 per tonne. If we consider the prices in August 2022, there has been a Year-on-Year plunge of US$256 per tonne or 10.65 per cent, which is quite huge. On the other hand, the SHFE aluminium price closing curve was on a brighter side with US$17 per tonne or 0.66 per cent...
On August 4, 2023, the Indian multinational mining and metal company Vedanta Ltd. announced through an exchange filing that it appointed John Slaven as the Chief Executive Officer for its Aluminium Business. Vedanta stated that the Board of Directors approved the appointment during a meeting held earlier in the day. Slaven has been appointed to the position of Senior Management Personnel (SMP) effective October 03, 2023, for a term of 3.5 years. John is an esteemed global leader with extensive experience in the metals and mining industry, holding key executive positions at renowned companies such as Alcoa, the Pittsburgh-based industrial corporation, BHP Billiton, a major Australian mining and metals corporation, and Boston Consulting Group (BCG). He earned his bachelor's degree in...
LME aluminium opened at US$2,213 per tonne on Thursday, August 3, with high and low at US$2,233 per tonne and US$2,197 per tonne, respectively, before closing at US$2,232.5 per tonne, up by US$22 per tonne or 1.02 per cent. The LME aluminium price chart shows a continued downfall in closing prices, with LME aluminium cash bid price and LME aluminium official settlement price losing US$29.50 per tonne to settle at US$2,146.50 per tonne and US$2,147 per tonne, respectively, as of Thursday, August 3. However, despite the back-to-back downfalls, the LME aluminium benchmark price stood month-on-month higher by 1.90 per cent than US$2,107 per tonne. 3-month bid price contracted by US$33 per tonne to US$2,193 per tonne, and 3-month offer price plunged by US$32 per tonne to US$2,195 per tonne....
The 'Gulf Aluminum Dinner', organized by the Gulf Aluminium Council, is scheduled for November 1st, 2023, in Le Royal Meridien Beach Resort Dubai, UAE. This yearly event offers a unique platform to delve deeper into the evolving trends of the aluminium industry in the Gulf region, with a particular emphasis on crucial strategic aspects like environmental sustainability, innovation, and the growth of the local aluminium supply chain. Participants will have the opportunity to explore and discuss these significant issues in detail during the event. The event has evolved into an unmissable gathering for global players in the aluminium sector. It unites influential figures from the industry and organizations with business interests, providing them with a distinctive platform to analyze the...
Aurora50, the UAE-based training and development company dedicated to creating thriving, inclusive workplaces, has announced the launch of NOORA, a new membership community to support ambitious corporate women, from first-time managers to leaders of leaders, in collaboration with Abu Dhabi National Energy Company PJSC (TAQA), Accenture, Emirates Global Aluminium (EGA), Emirates Group, and ENOC. The new network is dedicated to women in the country. It provides members unlimited access to a real-world community of like-minded and ambitious women from diverse professional backgrounds, industries, and nationalities, supporting the UAE's ongoing efforts to achieve 30% women's representation in leadership roles. Diana Wilde, co-founder of Aurora50, stated, "We are delighted to launch NOORA with...
The global aluminium industry is sensitive to economic conditions, trade disputes, and supply-demand dynamics. In the seventh month of 2023, there was a noticeable increase in the price of aluminium on both the London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE). On the LME, the price rose within the range of USD$100, while on the SHFE, the increase was marginal. Despite the rise in both platforms, price fluctuations were observed during this period. AL Circle’s industry-focused report, Global Aluminium Industry Outlook 2023 , revealed that in the later part of the year, the price of aluminium was forecasted to be better than in the initial part of 2023. The re-opening of the China economy was very much considered in the report. Furthermore, many companies around the...
LME aluminium opened at US$2,252.5 per tonne on Wednesday, with its high and low at US$2,257 per tonne and US$2,203 per tonne, respectively, before closing at US$2,210 per tonne, a decrease of US$43 per tonne or 1.91 per cent. LME aluminium closing prices curve has been on the downward slope, with the aluminium cash bid price and the LME aluminium official settlement price shedding US$40 per tonne or 1.8 per cent and US$40.50 per tonne or 1.83 per cent, respectively, to close at US$2,176 per tonne and US$2,176.50 per tonne. LME aluminium historical price chart shows a Quarter-on-Quarter fall of US$176.50 per tonne or 7.5 per cent if we consider the aluminium cash price on May 2, which was US$2,353 per tonne. LME 3-month bid price plunged by US$34 per tonne or 1.5 per cent, settling down...
In May 2023, the United States' primary aluminium production stood at 65,000 tonnes, reflecting a month-on-month increase of 2,000 tonnes or 3.17 per cent from 63,000 tonnes, found the US Census Bureau data. The data also indicated that the monthly output recovered from the loss of 3 per cent occurred in the previous month. However, on a year-on-year calculation, the output in May edged a sharp fall of 19,000 tonnes or 22.62 per cent from 84,000 tonnes. The United States' average daily production of primary aluminium in May was 2,090 tonnes, restrained compared to 2,100 tonnes a month ago . On an annual basis, the average daily output plunged by 22.59 per cent from 2,700 tonnes, learned USGS data. Total aluminium recovered from scrap in May 2023 was 272,000 tonnes – 0.74 per cent more...
Japanese buyers have reportedly agreed to the premium of $127.50 per tonne for aluminium shipments for the third quarter of 2023, close to $125-130 per tonne range in the previous quarter ended June 30. The premium remains restrained for the September quarter due to ample stocks and sluggish domestic demand. The premium for Q3 is decided after extensive negotiations whereby producers demanded higher premiums than the previous quarter but buyers sought to cut levels, said the sources directly involved in pricing talks. The negotiations began in late May between Japanese buyers and global suppliers, including Rio Tinto and South32. One of the sources even said that some buyers wanted to fix the premium at $110-110 per tonne but ran out of time in negotiations. Japanese aluminium producers...
LME aluminium opened at US$2,204.5 per tonne on Tuesday, with its high and low at US$2,286 per tonne and US$2,244 per tonne, respectively, before closing at US$2,253 per tonne, a decrease of US$34 per tonne, or 1.49 per cent, from Monday. On Tuesday, August 1, both LME aluminium cash bid price and LME aluminium official settlement price gained US$21 per tonne or 0.95 per cent and US$21.5 per tonne or 0.97 per cent to settle at US$2,216 per tonne and US$2,217 per tonne. On the same day, 3-month bid price and 3-month offer price grew by US$20 per tonne or 0.89 per cent to halt at US$2,260 per tonne and US$2,262 per tonne. December 24 bid price and December 24 offer price were hiked by US$17 per tonne or 0.70 per cent to close at US$2,417 per tonne and US$2,422 per tonne. LME aluminium...
