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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According to some recent reports, the world's second-largest economy, China's investments in metals and mining in foreign countries, may attain an all-time high in 2023. The nation is making significant efforts to secure valuable resources to protect its status as the leading manufacturer of the latest trending sectors like electric vehicles (EV), batteries, solar panels, and wind turbines. During H1 2023, the Chinese companies' investments and new contracts in the mining and metals sector surpassed around $10 billion, as revealed in a report by the Green Finance & Development Center at Fudan University in Shanghai. Fudan University is a leading independent think tank providing research, advisory services, and capacity building for financial institutions and regulators for green and...
LME aluminium opened at US$2,225 per tonne on Monday, with its high and low at US$2,289 per tonne and US$2,223.50 per tonne, respectively, before closing at US$2,287 per tonne, an increase of US$60 per tonne or 2.69 per cent. As per the LME aluminium price analysis , on July 31, the LME aluminium cash bid price and the LME aluminium official settlement price jumped by US$34 per tonne or 1.57 per cent to close at US$2,195 per tonne and US$2,195.50 per tonne. LME 3-month bid price also spiked by US$38 per tonne, settling down at US$2,240 per tonne, and LME 3-month offer price got boosted by US$39 per tonne or 1.77 per cent to halt at US$2,240 per tonne and US$2,242 per tonne. December 24 bid price and December 24 offer price both increased by US$35 per tonne or 1.48 per cent to anchor at...
The aluminium industry is brimming with opportunities due to its versatility and widespread applications across various sectors. With increasing demands for lightweight and sustainable materials in the automotive, aerospace, construction, and packaging industries, aluminium offers immense growth potential. Furthermore, advancements in recycling technologies and eco-friendly practices present avenues for sustainable development, making it an attractive sector for investors and entrepreneurs. While aluminium is considered the metal of the future, it needs to liberate itself from the burdens of legacy emissions, energy consumption, and other existing obstacles. Achieving success hinges on fostering collaboration and cooperation, and the AZ Global conference is precisely the place to share...
LME aluminium opened at US$2,204.5 per tonne on Friday, with its high and low at US$2,229 per tonne and $2,195 per tonne, respectively, before closing at US$2,227 per tonne, an increase of US$18 per tonne, or 0.81 per cent, from Thursday. On Friday, July 28, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$14 per tonne or 0.64 per cent and US$14.5 per tonne or 0.66 per cent to close at US$2,161 per tonne and US$2,16.50 per tonne. 3-month bid price and 3-month offer price slumped by US$17 per tonne or 0.76 per cent to halt at US$2,202 per tonne and US$2,203 per tonne. December 24 bid price and December 24 offer price also dipped by US$10 per tonne or 0.42 per cent to clock at US$2,365 per tonne and US$2,370 per tonne. LME aluminium opening stock...
Aluminium Bahrain embraced digital transformation by using Virtual Reality (VR) technology into five key areas for its internal training courses. The effort was undertaken in conjunction with Atyaf eSolutions, and the signing ceremony took place on July 12, 2023. On July 27, 2023, Vice President Kashim Shettima reiterated Nigeria's steadfast commitment to revive the Aluminium Smelter Company of Nigeria in St. Petersburg, Russia. He emphasised the significance of actively interacting with key industry players to accomplish this aim. The London Metal Exchange (LME), the global trading centre for industrial metals and the location of the bulk of nonferrous metal futures transactions, is again pressured to remove Russian aluminium from its warehousing system. The Norwegian aluminium behemoth...
In St. Petersburg, Russia, on July 27, 2023, Vice President Kashim Shettima reaffirmed Nigeria's unwavering commitment to reviving the Aluminium Smelter Company of Nigeria. He emphasized the importance of actively engaging with key stakeholders in the industry to achieve this goal. Shettima made remarks during a meeting held with the management of Russian Aluminium Company, UC RUSAL, and other project stakeholders on the sidelines of the Russia-Africa Summit in St. Petersburg, "The sooner we get this smelter back to production, the better for everyone. We need to walk the talk; the Nigerian people deserve better." In a statement titled 'Reviving ALSCON: VP Shettima held meeting with stakeholders, reaffirms FG's commitment to resuscitate smelter,' the Office of the Vice President's State...
The London Metal Exchange (LME), the global hub for trading industrial metals and where the vast majority of non-ferrous metal futures business takes place, is once again confronted with demands to exclude Russian aluminium from its warehouse system. The Norwegian aluminium giant is urging the exchange to reconsider its stance from last November, wherein they chose to proceed with accepting deliveries of Russian metal. The Norwegian aluminium producer warned that the LME contract's benchmark status is in jeopardy as Russian brands make up 80 per cent of warranted aluminium stocks by the end of June. As of the latest information available, no government sanctions are currently imposed on Russian aluminium. However, the London Metal Exchange (LME) has stated that all metals originating from...
In 2023, China experienced a considerable rise in its dependence on imported aluminium as the domestic metal supply decreased. This shift is seen as a strategic response to counterbalance the below-average output from domestic production. Recent customs data discloses that China witnessed a significant 10.7 per cent surge in aluminium imports during H1 2023 of the year compared to the corresponding period in the previous year. Imports of unwrought aluminium and related products experienced a significant surge, totalling 1.2 million tonnes. Notably, primary metal and alloyed aluminium were among the prominently imported items. As per a Reuters report, the imports for June amounted to 211,235 tonnes, showcasing a considerable increase of 12.8 per cent compared to the same month in 2022....
LME aluminium opened at US$2,215 per tonne on Thursday, with its high and low at US$2,244.5 per tonne and US$2,196.5 per tonne, respectively, before closing at US$2,209 per tonne, an increase of US$1 per tonne, or 0.05 per cent. On Thursday, July 27, both the LME aluminium cash bid price and LME aluminium official settlement price went up by US$5 per tonne or 0.23 per cent and US$5.5 per tonne or 0.25 per cent to close at US$2,175 per tonne and US$2,176 per tonne. 3-month bid price and 3-month offer price increased by US$5 per tonne or 0.22 per cent to halt at US$2,219 per tonne and US$2,220 per tonne. December 24 bid price and December 24 offer price moved up by US$5 per tonne or 0.21 per cent to close at US$2,375 per tonne and US$2,380 per tonne. LME aluminium opening stock came in at...
LME aluminium opened at US$2,238 per tonne on Wednesday, with its high and low at US$2,240 per tonne and US$2,206 per tonne, respectively, before closing at US$2,208 per tonne, a decrease of US$28.5 per tonne or 1.27 per cent. On Wednesday, July 26, both LME aluminium cash bid price and LME aluminium official settlement price descended by US$13 per tonne or 0.59 per cent and US$13.5 per tonne or 0.61 per cent to halt at US$2,170 per tonne and US$2,170.50 per tonne. 3-month bid price and 3-month offer price moved down the graph by US$12 per tonne or 0.53 per cent and US$11.5 per tonne or 0.51 per cent to halt at US$2,214 per tonne, and US$2,215 per tonne. December 24 bid price and December 24 offer price dipped by US$15 per tonne to stand at US$2,370 per tonne and US$2,375 per tonne. LME...
On July 25, 2023, LME Clear announced the appointment of Michael Carty as Chief Executive Officer and LME Clear Board Director, effective October 2, 2023. As stated by the LME, Michael brings extensive knowledge and experience in financial infrastructure and technology. He joins LME Clear from Euroclear Group, where he has held various senior roles over the last 15 years, including Chief Information Officer and Chief Operations Officer for Euroclear Sweden and Euroclear Finland, CEO of Euroclear Sweden and, most recently, CEO of Euroclear UK and International. LME Clear is the clearing house for the London Metal Exchange. Launched during the year 2014, it was designed and built in consultation with the market to provide cost-efficient, EMIR-compliant clearing and settlement services using...
According to the International Aluminium Institute data, primary aluminium production in Africa during the second quarter of 2023 totalled 397,000 tonnes, up by 5,000 tonnes or 1.28 per cent from 392,000 tonnes in Q1. But the daily average output in Q2 remained restrained sequentially at 13,100 tonnes. On a year-on-year calculaton, the quarterly production of primary aluminium in Africa during Q2 edged a fall of 1.98 per cent from 405,000 tonnes. Daily output also dipped by 300 tonnes from 13,400 tonnes. In June 2023, Africa’s primary aluminium output was 132,000 tonnes, down from the previous month as well as the year. On a month-on-month calculation, the output in June declined by 2.94 per cent from 136,000 tonnes, and on a year-on-year basis, it dropped by 2.22 per cent from 135,000...
Three-month LME aluminium opened at US$2,205.50 per tonne on Tuesday, with its high and low at US$2,246.50 per tonne and US$2,204 per tonne, respectively, before closing at US$ 2236.50 per tonne, an increase of US$29 per tonne or 1.31 per cent. On Tuesday, July 25, LME aluminium cash bid price and LME aluminium official settlement price escalated by US$29 per tonne or 1.35 per cent to close at US$2,183 per tonne and US$2,184 per tonne, respectively. This hike pushed the LME aluminium benchmark price week-on-week higher by US$14.50 per tonne from US$2,169.50 per tonne. The 3-month bid price and 3-month offer price expanded by US$35 per tonne and US$33.50 per tonne, settling at US$2,226 per tonne and US$2,226.50 per tonne, as of July 25. December 24 bid price and December 24 offer price...
LME aluminium opened at US$2,207.5 per tonne on Monday, with its low and high at US$2,185 per tonne and US$2,213.5 per tonne, respectively, before closing at US$2,207.5 per tonne, down US$3 per tonne or 0.14 per cent. As of Monday, July 24, both LME aluminium cash bid price and LME aluminium official settlement price inched up by US$1 per tonne or 0.04 and US$1.5 per tonne or 0.06 per cent to halt at US$2,154 per tonne and US$2,155 per tonne. On a W-o-W calculation, a decline of US$40 per tonne was recorded from US$2,194 per tonne and US$2,195 per tonne on July 18. On July 24, the 3-month bid price and 3-month offer price dipped by US$5.5 per tonne or 0.25 per cent and US$4.5 per tonne or 0.20 per cent to reside at US$2,191 per tonne and US$2,193 per tonne. December 24 bid price and...
Vedanta Limited announced the first quarter financial and operational results ended June 30 of FY2024, revealing INR 33,342 crore of consolidated revenue, down by 10.43 per cent from INR 37,225 crore in Q4 FY2023 and 12.83 per cent less than INR 38,251 crore in Q1 FY2023. The fall could be attributed to a steep reduction in output commodity prices, partially offset by favourable movement in the exchange rate. Vedanta’s consolidated quarterly EBITDA was INR 6,975 crore, reflecting a fall of 25.50 per cent from INR 9,362 crore in Q4 FY23 and a plunge of 35.06 per cent from INR 10,741 crore in Q1 FY23. Meanwhile, despite the Q-o-Q fall in revenue, Vedanta’s consolidated net profit witnessed a rise of 5.62 per cent in the June quarter of FY2024 from INR 3,132 crore to INR 3,308 crore. But on...
Aluminium Bahrain embraces digital transformation by integrating Virtual Reality (VR) technology in five key areas for its in-house training courses. The initiative was carried out in collaboration with Atyaf eSolutions, and the signing ceremony was held on 12 July 2023. The VR training will guide Alba employees with a safe and realistic platform to understand Potlines and how it functions, procedures that need to be followed when operating a potline, and actions to take during emergency cases such as tap out, open circuit, prolonged power outage, failure of alumina supply, and failure of compressed air supply. "Virtual Reality is a medium -- a means by which our employees can learn in a safe and immersive environment without the risk of injury -- and this is when seeing evolves to...
Norsk Hydro wrote a letter to the London Metal Exchange last week urging to rethink the decision not to ban Russian aluminium from its warehouse network. Norsk Hydro believes that a large volume of aluminium arriving from Russia is weighing on the benchmark metal price on LME. "As LME aluminium prices are referenced in contracts between consumers, producers and traders, the dominance of Russian aluminium in the system is a problem," said Norsk Hydro's Chief Financial Officer Paal Kildemo. Russian aluminium stock in LME-registered warehouses in June accounted for 80 per cent, compared to 68 per cent in May and 41 per cent in January. That, according to Norsk Hydro, indicates a lack of acceptance for Russian aluminium in the market. Although there are no international sanctions against...
The Perth headquartered mining and metal company, South32, which is listed on the Australian Securities Exchange with secondary listings on the Johannesburg and London Stock Exchanges, reported that during the fiscal year ending in June, there had been three consecutive annual production records achieved, demonstrating significant growth in aluminium, copper, and manganese output. In Australia, financial years run from 1 July to 30 June the following year. Graham Kerr, the CEO of South32, said, “We had a strong finish to the year, with group copper equivalent production growing 9 per cent in the quarter. Our strong operating results included record annual production at Hillside Aluminium , Australia Manganese and South Africa Manganese. Aluminium production increased by 14 per cent and...
