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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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...
The LME aluminium benchmark price movement slowed down since last Friday, registering a total fall of US$41 per tonne in two days. On Monday, July 17, both LME aluminium cash bid price and LME aluminium official settlement price declined drastically over the weekend by US$30.50 per tonne and US$30 per tonne, respectively, to open the week at US$2,194 per tonne and US$2,195 per tonne. But despite the two consecutive days of fall , the LME aluminium benchmark price stood 4.72 per cent higher week-on-week than US$2,096 per tonne. The 3-month bid price and 3-month offer price also shrunk over the weekend by US$24 per tonne to rest at US$2,244 per tonne and US$2,245 per tonne. December 24 bid price and December 24 offer price decreased by US$16 per tonne to score at US$2,402 per tonne and...
According to the National Bureau of Statistics (NBS), China’s primary aluminium production grew year-on-year in June 2023 as smelters resumed operations in southwestern Yunnan province after the ease of local power usage restrictions. As per the data released by NBS, China produced 3.46 million tonnes of primary aluminium in June, which reflected an increase of 2.9 per cent from a year ago. The daily average output amounted to 115,333 tonnes, up by 4.54 per cent from 110,323 tonnes in May. Yunnan began lifting power usage restrictions late last month following more rains in the region as that could generate a higher amount of hydropower. Around 500,000 tonnes of annual capacity returned to operations in the second quarter, according to Chen Xinlin, a senior consultant at Metals & Mining...
LME aluminium opened at US$2279 per tonne last Friday, with low and high at US$2263 per tonne and US$2292 per tonne before closing down 0.42 per cent at US$2273.5 per tonne. On Friday, July 14, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$11 per tonne or 0.49 per cent to close at US$2,224.50 per tonne and US$2,225 per tonne. 3-month bid price and 3-month offer price also fell by US$9 per tonne or 0.39 per cent and US$10 per tonne or 0.43 per cent to score at US$2,268 per tonne and US$2,269 per tonne. December 24 bid price and December 24 offer price moved down the graph by US$4 per tonne or 0.16 per cent to reside at US$2,418 per tonne and US$2,423 per tonne. LME aluminium opening stock settled at 528475 tonnes. Live warrants and Cancelled...
According to the letter sent to members, European Aluminium, the voice of the European aluminium industry, has considered actively lobbying for European Union sanctions on Russian aluminium but would oppose explicitly targeting the Russian aluminium giant Rusal. The group drafted an internal memorandum for planning purposes, lacking any knowledge regarding imminent sanctions from the European Union. However, the European Commission chose not to provide any comments on the matter. According to Reuters, a letter revealed that discussions were held among members of European Aluminium regarding the potential action of "advocating for EU sanctions on Russian aluminium." A letter dated July 2023 mentions the potential implementation of restrictive measures on Russian aluminium under the scope...
According to our report from China's Yunnan province, the region has added 1 million tonnes of primary aluminium with the restart of four aluminium smelters. Out of which, Yunnan Aluminum Co. Ltd. is the most significant producer, with 600,000 tonnes added so far. Henan Shenhuo Coal & Power Co. Ltd. and Hongtai Aluminium have added 380,000, while Qiya Aluminium has contributed just 40,000 tonnes. In the meantime, the insufficient rainfall in Sichuan province has resulted in a reduction in aluminium production. Our sources indicate that two aluminium smelters have been instructed to decrease their output, albeit the total reduction amounts to only 50,000 tonnes when combined. According to our analysis, a significant amount of aluminium still needs to be included in the Chinese aluminium...
European aluminium manufacturers made concerns about a possible breach in the European Union's carbon border tax (CBAM), which might allow severely polluting exporters such as China and other Asian nations to avoid rules and inundate the union with cheap heavy metal emissions. The BlueGreen Alliance, a non-profit organisation located in Washington, released a paper outlining suggestions for addressing the decline in the primary aluminium sector in the United States. The research focuses on satisfying the growing demand for aluminium from the renewable energy industry, generating well-paying jobs, improving national security, and lowering industrial emissions. The mining and metals firm, headquartered in Perth, South32, has been working on an ambitious project at the Hillside Smelter to...
LME aluminium opened at US$2,134 per tonne last Friday, with its low and high at US$2,127 per tonne and US$2,151 per tonne respectively before closing at US$2,141 per tonne, up US$11 per tonne or 0.52 per cent. On Thursday, July 13, the LME aluminium cash bid price and LME official settlement price stopped at US$2,235.50 per tonne and US$2,236 per tonne, with the former rising by 4.15 per cent or US$89 per tonne and the later escalating by US$88.50 per tonne or 4.12 per cent. If we consider the LME aluminium spot price on July 13, last year, it was US$2,343 per tonne, which has fallen by US$107 per tonne or 4.6 per cent Year-on-Year to rest at what it was yesterday. The 3-month bid price went up the graph by US$92 per tonne or 4.2 per cent to close at US$2,277 per tonne, and the 3-month...
China’s aluminium production in June 2023 (30 calendar days) stood at 3.37 million tonnes, reflecting a drop of 2.94 per cent M-o-M from 3.472 million tonnes, found the Shanghai Metals Market survey. However, on a year-on-year calculation, the output in June 2023 edged a marginal rise of 0.14 per cent, showed SMM. The share of liquid aluminium output dropped 3.5 percentage points M-o-M to 72 per cent in June as aluminium smelters cut the share of liquid aluminium output in response to poor demand. The domestic daily average aluminium production in June stood steady M-o-M at 112,200 tonnes despite a fall in monthly production. SMM data also showed the total domestic production in the first six months of the year (H1) amounted to 20.11 million tonnes, up by 2.81 per cent year-on-year....
On Wednesday, July 12, both LME aluminium cash bid price and LME official settlement price hiked by US$18 per tonne or 0.84 per cent and US$18.5 per tonne or 0.86 per cent to close at US$2,146.50 per tonne and US$2,147.50 per tonne. 3-month bid price and 3-month offer price moved up by US$6 per tonne or 0.27 per cent and US$6.5 per tonne or 0.29 per cent to close at US$2,185 per tonne and US$2,186 per tonne. December 24 bid price and December 24 offer price grew by US$8 per tonne or 0.34 per cent, settling at US$2,340 per tonne and US$2,345 per tonne. LME aluminium opening stock halted at 528100 tonnes. Live warrants and Cancelled warrants scored at 272950 tonnes and 255150 tonnes. LME aluminium 3-month Asian Reference Price dipped by US$4.27 per tonne or 0.19 per cent to reside at...
Aluminium Bahrain B.S.C. (Alba), one of the world's largest aluminium smelters, has demonstrated its commitment to advancing in Artificial Intelligence (A.I.) by completing the "Green Anode Density Prediction" project with Nasser Artificial Intelligence Research and Development Centre. To celebrate this achievement, Alba CEO Ali Al Baqali and Nasser Artificial Intelligence R&D Centre CEO Dr Abdulla Naser Al Noaimi recognised the Centre's team involved in the project at an honouring ceremony held on Alba's premises. Dr Jassim Haji, the Centre's A.I. Executive Advisor, and other officials from Alba and Nasser Vocational Training Centre (NVTC) were also present. Dr Abdulla Naser Al Noaimi, CEO of Nasser Artificial Intelligence Research & Development Centre, emphasised the Centre's goal of...
Japanese primary aluminium premium in the September quarter is less likely to change much from the previous quarter, given a buyer has recently agreed to pay a premium of $127.5 per tonne to a global producer over the benchmark price for shipments, said a source on Tuesday, July 11, involved in the pricing talks. The offer has been made after several rounds of negotiations whereby producers sought to raise premiums from the earlier quarter, but buyers pushed to cut levels, said a source at a Japanese trading house. The amount is close to the premium of $125-130 per tonne paid in the June quarter but lower than the initial offers of $165-180 per tonne made by producers. However, compared to the premium of $95-105 per tonne offered in Q1, the recommended premium for Q3 is higher by over 20...
On Tuesday, July 11, the LME aluminium cash bid price and LME official settlement price halted at US$2,128.50 per tonne and US$2,129 per tonne, with a 1.57 per cent or US$33 per tonne upward growth. The LME aluminium spot price has suffered quite a lot with uncertain fluctuations all the way in July, but on Tuesday, it standardised itself, and the week’s projection might be on the higher side. The 3-month bid price surged by US$34 per tonne or 1.58 per cent to close at US$2,179 per tonne, and the 3-month offer price stood at US$2,179.50 per tonne, with a similar increase in spot prices. December 24 bid price and December 24 offer price both gained US$29 per tonne or 1.26 per cent to officially settle at US$2,332 per tonne and US$2,337 per tonne, respectively. LME aluminium opening stock...
Headquartered in Perth, South32, the mining and metals company has been working on an ambitious project in the Hillside Smelter to decrease GTC stack Hydrogen Fluoride (HF) emissions to 0,5 mg/Nm³ by April 2025 to meet new environmental regulations. Following the installation of the first Alumina Cascade Feeding System on one Gas Treatment Centre (GTC) earlier this year, fives has reaffirmed its plan to deploy the solution on four other GTCs, as well as to convert its VIBRAIR pocket filters into Extended Surface Bags. Incorporating the now-famous technology of the "Extended Surface Bag" into GTC has several benefits, including increased filtering surface, increased pollution treatment capacity, decreased system pressure drop, and decreased HF stack emissions. At the start of the year,...
On Monday, July 10, both LME aluminium cash bid price and LME aluminium official settlement price grew by US$10.5 per tonne or 0.50 per cent and US$10 per tonne or 0.47 per cent to close at US$2,095.50 per tonne and US$2,096 per tonne. 3-month bid price and 3-month offer price also hiked by US$14.5 per tonne or 0.68 per cent and US$16 per tonne or 0.75 per cent to settle at US$2,145 per tonne and US$2,147 per tonne. December 24 bid price and December 24 offer price went up by US$15 per tonne or 0.65 per cent to peg at US$2,303 per tonne and US$2,308 per tonne. LME aluminium opening stock halted at 534075 tonnes. Live warrants and Cancelled warrants arrived at 274300 tonnes and 259775 tonnes. LME aluminium 3-month Asian Reference Price ascended by US$15.86 per tonne or 0.74 per cent to...
On Monday, July 10, Azerbaijan announced to invest in the reconstruction of the Tajik Aluminium Company (TALCO) smelter in Tajikistan. This plan was mutually agreed between Azerbaijan and Tajikistan during the sixth session of the Joint Intergovernmental Commission on Trade and Economic Cooperation, held in Baku. As agreed, Azerbaijan will play an active role in collecting capital for the construction of the Tajik Aluminium Company (TALCO) and exporting alumina to Tajikistan. In return, Azerbaijan will secure aluminium, cryolite, and aluminium fluoride from Tajikistan. Azerbaijan and Tajikistan entered into this agreement after the sixth session of the Joint Intergovernmental Commission on Trade and Economic Cooperation on July 7. The deal outlines bilateral cooperation and sets the stage...
The BlueGreen Alliance, a non-profit organization based in Washington, has recently published a report presenting recommendations to address the downward trend in the primary aluminium industry in the United States. The report focuses on meeting the increasing demand for aluminium from the clean energy sector, creating well-compensated employment opportunities, enhancing national security, and reducing industrial emissions. Despite recognizing the benefits of secondary aluminium production, the organization highlights the insufficiency of scrap supplies, indicating a greater need for primary aluminium production. The BlueGreen Alliance unites labour unions and environmental organizations to solve today’s environmental challenges in ways that create and maintain quality jobs and build a...
According to the US Geological Survey, the United States domestic primary aluminium production in April 2023 stood at 63,000 tonnes, down by 2,000 tonnes or 3.08 per cent from 65,000 tonnes in March 2023. On a year-on-year calculation, the output plunged by 19,000 tonnes or 23.17 per cent from 82,000 tonnes. The United States' total production of primary aluminium in the first four months of 2023 amounted to 251,000 tonnes. The average daily production in April 2023 was 2,100 tonnes, almost restrained compared to 2,110 tonnes in the previous month and down by 640 tonnes or 23.36 per cent from 2,740 tonnes a year ago. Total aluminium recovered from scrap in April 2023 was 270,000 tonnes – 5,000 tonnes or 1.82 per cent less than 275,000 tonnes in March '23 and 18,000 tonnes or 6.25 per cent...
