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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LME aluminium opened at US$$2,255 per tonne last Friday, with its high and low at US$2,262 per tonne and US$2,201 per tonne, respectively, before closing at US$2,205.50 per tonne, a drop of US$51.50 per tonne or 2.28 per cent. On Friday, July 21, LME aluminium cash bid price and LME aluminium official settlement price contracted, following an intermittent rise on the previous day . The LME aluminium cash bid price decreased by US$18 per tonne to reach US$2,153 per tonne, while the LME aluminium official settlement price fell US$18.50 per tonne to come in at US$2,153.50 per tonne. On a week-on-week calculation, the LME aluminium benchmark price edged 3.21 per cent lower than US$2,225 per tonne, and on a month-on-month basis, the price stood slightly down by US$3.50 per tonne from US$2,157...
Vedanta Aluminium was certified as a Great Place to Work® (GPTW) for the fiscal year 2022-2023. The praise goes to Vedanta Aluminium's countrywide operating divisions, whose tenacity and dedication earned this coveted award. Emirates Global Aluminium (EGA) and Japan's Itochu Corporation signed a new agreement to collaborate on aluminium production, decarbonization, and the growth of UAE businesses in EGA's supply chain. On July 20, the Chinese state-owned Aluminium Corporation of China announced Chairman Liu Jianping's resignation. His departure was attributed to a "work adjustment." Liu resigned as chairman after barely two years in office. Volta Aluminium Company (VALCO) disclosed that it needs $600 million in capital to revamp its operations. The faltering state-owned enterprise...
Hindalco and Vedanta’s aluminium prices stood lower by the end of the week after several cuts from July 18 to 20, 2023. On Tuesday, July 18, Hindalco axed its aluminium ingot price by INR 3,750 per tonne to INR 212,250 per tonne. The company’s aluminium wire rod and billet prices also saw a similar slash of INR 3,750 per tonne, reaching INR 224,250 per tonne and INR 226,350 per tonne, respectively. The next day, July 19, Hindalco’s aluminium ingot, aluminium wire rod, and billet prices saw a further cut of INR 2,500 per tonne to clock at INR 209,750 per tonne, INR 221,750 per tonne, and INR 223,850 per tonne, respectively. The price cut continued till July 20, bringing Hindalco’s aluminium ingot price to INR 207,500 per tonne, aluminium wire rod price to INR 219,500 per tonne, and...
On Friday, July 1, Norsk Hydro, one of the world’s largest aluminium companies worldwide, announced its financial and operational results for the second quarter of 2023. The company highlighted that it survived the weaker market and price pressure with strong extrusion margins and made good progress on low-carbon aluminium partnerships in Q2 2023 ended June 30. Hydro’s revenue rose Q-o-Q in Q2 2023 by 10 per cent from NOK 48,534 million to NOK 53.630 million but adjusted EBITDA stood down by 6 per cent from NOK 7,525 million to NOK 7,098 million. On a Y-o-Y basis, both revenue and EBITDA decreased by 17 per cent and 39 per cent, respectively, from NOK 64,793 million and NOK 11,594 million. The reason behind the sluggish result could be lower aluminium and alumina sales prices and downsize...
On July 20, the Chinese state-owned Aluminium Corporation of China announced the resignation of Chairman Liu Jianping. The reason cited for his departure was a "work adjustment." Liu's departure as chairman occurred only two years into his tenure. The decision followed closely on the heels of global media reports revealing that a company unit had terminated specific aluminium contracts. This action came amidst an ongoing government-led investigation into market deals. Nie Zhen, the Spokesman for Chalco's parent company Chinalco said, "Liu's move is a normal personnel change. It had no connection with the reported suspension of contracts." He declined to comment anything more on the issue. China's leading aluminium producer, commonly referred to as Chalco holds the largest stake in the...
Emirates Global Aluminium (EGA) and Itochu Corporation of Japan have entered into a new agreement to work on developing aluminium production, decarbonisation, and the development of UAE industries in EGA’s supply chain. The news came after the signing of the Memorandum of Understanding at the Japan-UAE Business Forum in Abu Dhabi, in the presence of Sheikh Hamed bin Zayed, a member of the Abu Dhabi Executive Council, and Japan’s Prime Minister Fumio Kishida. This new agreement is the continuation of the previous deal signed late last year in Tokyo to leverage both the companies’ industrial capabilities to build business opportunities that would complement EGA’s operations in the UAE. EGA shares a longstanding relationship with Itochu Corporation since the 1980s. The Japanese company has...
On Thursday, July 20, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$29.5 per tonne or 1.37 per cent and US$30 per tonne or 1.40 per cent to settle at US$2,171 per tonne and US$2,172 per tonne. 3-month bid price and 3-month offer price also expanded by US$33.5 per tonne or 1.53 per cent to peg at US$2,219.50 per tonne and US$2,220 per tonne. December 24 bid price and December 24 offer price gained US$33 per tonne or 1.40 per cent to halt at US$2,383 per tonne and US$2,388 per tonne. LME aluminium opening stock came in at 513100 tonnes. Live warrants and Cancelled warrants 277675 tonnes and 235425 tonnes. LME aluminium 3-month Asian Reference Price also grew by US$7.88 per tonne or 0.35 per cent to halt at US$2,203.77 per tonne. SHFE aluminium...
Safety comes first before anything else. Accidents anywhere or in any industry are not good and can be avoided or lowered with proper measurements. Safety and production are inextricably linked to any industry's growth or success. And the aluminium industry is not an exception either! Many companies like Alba, Emirates Global Aluminium (EGA), Vedanta, Amag, etc., have always ensured that their employees or workers are guarded with the best safety measures. To control the risk to people posed by various industry-related activities, it is required to identify all possible hazards methodically, to have excellent practice standards, committed management, and methods for organised follow-up. Safety is not only limited to accidents but also to other health measures like carrying out awareness...
Vedanta Aluminium has been honoured with a Great Place to Work® (GPTW) certification for the financial year 2022-2023. The credit goes to Vedanta Aluminium’s nationwide operational units, whose resiliency and commitment have brought this prestigious recognition. Undoubtedly, this certification reflects Vedanta's unwavering efforts towards building an ideal workplace based on the principles like inclusivity, credibility, trust and fairness. The Great Place to Work® certification is globally recognised as a significant benchmark in identifying and acknowledging ideal workplace cultures. Vedanta’s operational unit, individually, received this certification several times over. For instance, Vedanta’s Jharsuguda aluminium smelter in Odisha won GPTW certification six times consecutively, while...
On Wednesday, July 19, the LME aluminium cash bid price stopped at US$2,141.50 per tonne, shrinking by US$27 per tonne or 1.24 per cent, and LME official settlement price settled at US$2,142 per tonne, with a fall of US$27.50 per tonne or 1.27 per cent. The LME benchmark price on July 12 was US$2,147.50 per tonne, which plunged by US$5.50 per tonne or 0.26 per cent Week-on-Week to close at what it was yesterday. The 3-month bid price decreased by US$29 per tonne or 1.31 per cent to close at US$2,186 per tonne, and the 3-month offer price stood at US$2,186.50 per tonne, with a drop of US$29.50 per tonne or 1.33 per cent. December 24 bid price and December 24 offer price both shed US$25 per tonne or 1.05 per cent to officially settle at US$2,350 per tonne and US$2,355 per tonne,...
Emirates Global Aluminium (EGA), the world's largest 'premium aluminium' producer, revealed that the Engineer the Future project touched over 6,700 high school students during the 2022-2023 academic year. It is an interactive learning activity aimed to engage students in grades 9 to 12 and a chance to participate in an aluminium design contest. More than 400 students competed in the Aluminium Design & Innovation Challenge for a reward of AED15,000. Engineer the Future is a collaboration between Emirates Schools Establishment and BMW Group. The curriculum is intended to foster a lifelong interest in science, technology, engineering, and mathematics, in keeping with the UAE Centennial 2071 vision, which recognises science, technology, engineering and math (STEM) skills as a critical...
The Volta Aluminium Company (VALCO) revealed that it requires US$600 million in cash to modernise its operations. The struggling state-owned company desperately needs more funding to upgrade its ageing gear and expand the smelter to more than 7.5 times its present installed output capacity. The modernisation and expansion will increase efficiency and position VALCO to grow profitably in the long term, as well as contribute to establishing and realising linkages between the upstream and downstream components of the country's Integrated Aluminium Industry (IAI). The Ghana Integrated Aluminium Development Corporation (GIADEC) and VALCO believe that US$600 million is necessary to actualise this. Under this, the government authorised GIADEC and VALCO to find and engage a strategic partner with...
On July 18, Marubeni Corporation reported that aluminium stocks at three major Japanese ports were up by nearly 1 per cent to 357,490 tonnes by end-June, from 354,000 tonnes month-on-month. Marubeni gathers data from the ports of Yokohama, Nagoya, and Osaka, which are considered paramount for trading aluminium. Marubeni stands as a prominent Japanese conglomerate engaged in integrated trading and investment businesses. The company excels in managing an extensive array of products and offering diverse services to meet a wide spectrum of market needs. On March 27, 2023, Marubeni Corp. revealed that aluminium stocks at three major Japanese ports, Yokohama, Nagoya and Osaka, dipped by 2.6 per cent to 382,400 tonnes at the end of February 2023 from 392,500 tonnes from January 2023. However, at...
On Wednesday, July 19, Rio Tinto announced its second quarter’s operational results ended June 30, highlighting a 4 per cent increase in aluminium production Q-o-Q and an 11 per cent rise Y-o-Y to 814,000 tonnes, benefitted from the continued ramp-up of the Kitimat smelter. Rio’s Boyne and Kitimat smelters are progressing to resume their full capacity by the end of 2023. The company’s total aluminium production in the first half of the year totalled 1.598 million tonnes, up by 9 per cent from last year. Rio Tinto has invested $1.1 billion, including $113 million from the Quebec government, into expanding the AP60 aluminium smelter equipped with low-carbon technology at Complexe Jonquière in Canada. On the other hand, Rio Tinto’s bauxite production in H1 2023 fell by 8 per cent...
LME aluminium opened at US$2255 per tonne Tuesday, with low and high at US$2201 per tonne and US$2262 per tonne before closing down 2.28 per cent at US$2205.5 per tonne. On Tuesday, July 18, both LME aluminium cash bid price and LME aluminium official settlement price slumped by US$25.5 per tonne or 1.16 per cent to close at US$2,168.50 per tonne and US$2,169.50 per tonne. 3-month bid price and 3-month offer price also dropped by US$29 per tonne or 1.29 per cent to settle at US$2,215 per tonne and US$2,216 per tonne. December 24 bid price and December 24 offer price descended by US$27 per tonne or 1.12 per cent to score at US$2,375 per tonne and US$2,380 per tonne. LME aluminium opening stock came in at 517400 tonnes. Live warrants and Cancelled warrants closed at 279475 tonnes and 237925...
China’s aluminium imports, including unwrought aluminium and products, increased 10.7 per cent from the previous year, reaching 1.2 million tonnes during the first half of 2023 ended June 30. According to China customs data, the country imported 211,235 tonnes of aluminium in June – 10.19 per cent higher than 191,701 tonnes a month ago and 12.8 per cent more than 187,362 tonnes a year earlier. The rise in China’s aluminium imports could be because of the limited domestic production due to the hydro-power shortage in the southwestern Yunnan province, the fourth biggest aluminium producing province in China. As per the National Bureau of Statistics, China’s primary aluminium output merely grew 3.4 per cent in H1 2023 to 20.16 million tonnes. Production resumed in Yunnan late last month....
India is planning to build an industrial water transport corridor in the east. The plan, backed by Coal India, Paradip Port Authority (PPA) and the Inland Waterways Authority of India (IWAI), would cater to a major industrial cluster in India for the movement of finished products like aluminium, steel, sponge iron, and fertilisers. As per the reports, Coal India and the state waterways organisation expect to spend up to INR 120 billion ($1.46 billion) for the water transport corridor. The corridor, which could handle 12 to 15 million tonnes of cargo by 2030, would link two ports in the eastern state of Odisha through the Brahmi River. According to the individuals, who refused to provide their names because they were not authorised to talk to the media, the project intends to decongest and...
During the second quarter, a famed fund manager in China made strategic moves in his investment portfolio. He increased his stakes in China Hongqiao Group, the world's second-largest aluminium producer, and the short-video platform Kuaishou Technology. At the same time, he opted to reduce his holdings in Chinese real estate. These actions shed light on skilled money managers' approaches to navigating challenging market conditions. The first among the top-ranked money managers to reveal their second-quarter portfolio reports was Qiu Dongrong at Zhonggeng Fund Management in Shanghai. Despite facing challenges such as the unprecedented Shanghai lockdown and the Ukraine-Russia geopolitical crisis, China's star fund managers remain optimistic about the world's second-largest stock market. They...
