China's Yunnan Aluminium Co., Ltd. reported a sharp improvement in financial performance for the nine months ended September 30, 2026, with net income rising approximately 164 per cent Y-o-Y to CNY 11.6 billion (USD 1.74 billion), compared with CNY 4.39 billion (USD 660.96 million) in the corresponding period of 2025 The company's sales increased to CNY 52.61 billion (USD 7.90 billion) from CNY 44.07 billion (USD 6.62 billion) a year earlier, representing growth of approximately 19.4 per cent. The increase in net income significantly outpaced revenue growth, highlighting a substantial improvement in the company's reported earnings during the first nine months of 2026. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: "Global Bauxite & Alumina...
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),...
Grow with
AL Circle
Century Aluminum Company announced last week that the stockholders voted Tamla Olivier as a seventh director to the board, with a term expiring in 2024. Ms Olivier is presently associated with Pepco Holdings, part of the Exelon family of companies, as a Chief Operating Officer. She has been working with Exelon in the energy market for over a decade, looking after the company’s electric and natural gas operations in Delaware. Earlier, Ms Olivier held senior leadership roles at T. Rowe Price, United Defense, and Wells Fargo. Jesse Gary, President and CEO of Century Aluminum, said: “Adding Tamla to Century’s Board is a big win for the Company. Tamla brings significant expertise in the electric and gas utility industries, providing the Company with great insight into electric power generation...
LME aluminium opened at US$2,261 per tonne last Friday, with its low and high at US$2249 per tonne and US$2,284.5 per tonne respectively before closing at US$2,262 per tonne, a drop of US$1.5 per tonne or 0.07 per cent. On June 9, Friday, the LME aluminium cash bid price and the LME aluminium official settlement price closed at US$2,220.50 per tonne and US$2,221 per tonne, travelling up the aluminium price graph by US$33.50 per tonne or 0.53 per cent each. The LME aluminium price has seen a major drop of US$100 per tonne or 4.3 per cent Month-on-Month from May 9 (US$2,321 per tonne) to June 9, last Friday. The 3-month bid price augmented by US$39.50 per tonne or 1.77 per cent and the 3-month offer price jumped by US$39 per tonne or 1.75 per cent, officially stopping at US$2,265.50 per...
Hydro Energi AS has entered into a long-term agreement with Statkraft, Europe’s largest renewable energy generator, to secure 0.44 TWh of power per year for its Norwegian aluminium plants from 2024 to 2038. The deal ensures a total supply of 6.6 TWh of renewable energy to Hydro’s plants over 15 years. Aluminium production using renewable power and modern technology at Hydro produces 75 per cent less carbon footprint than the global average. Long-term power agreements at competitive prices will help Hydro lead the way to low-carbon aluminium globally. Ola Sæter, Head of Hydro's aluminium plants, said: "Hydro has a great need for power in the future and several of our existing agreements will expire from 2030. This agreement is an important step in sourcing parts of Hydro’s power demand,...
Following the latest aluminium industry updates, it has come to our attention that two esteemed Chinese corporations, namely China Machinery Engineering Corporation (CMEC) and Global Advanced Manufacturing Institute (GAMI), have pledged to participate in the renovation and reconstruction of (Talco) Tajik Aluminium Company. This company has been entrusted with the responsibility of operating Tajikistan's largest aluminium plant , which is situated in Tursunzoda City. It is with great honour that President Emomali Rahmon has made this announcement. Notably, GAMI and CMEC have expressed their interest in utilizing cutting-edge automated process control system technologies to enhance the overall quality of their participation. It is anticipated that through this modernization initiative,...
LME aluminium opened at US$2,211.5 per tonne on Thursday, with its low at US$2,211 per tonne before closing at US$2,263.5 per tonne, up US$50.5 per tonne or 2.28 per cent. On Thursday, June 8, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$19 per tonne or 0.87 per cent and US$18.5 per tonne or 0.85 per cent to halt at US$2,187 per tonne and US$2,187.50 per tonne. 3-month bid price and 3-month offer price grew by US$13 per tonne or 0.58 per cent and US$12 per tonne or 0.54 per cent to reside at US$2,226 per tonne and US$2,227 per tonne. December 24 bid price and December 24 offer price moved up by US$9 per tonne to stop at US$2,382 per tonne and US$2,387 per tonne. LME aluminium opening stock closed at 582125 tonnes. Live warrants and Cancelled...
India is seeking aluminium and steel tariffs exemption from the US imposed by former President Donald Trump and removal of retaliatory duties, said two Indian government officials and one industry source familiar with the matter. They also said India is currently in negotiation with the US, and both parties wish to strike a deal during Indian Prime Minister Narendra Modi’s visit to the United States at the end of June 2023. According to official sources, India is willing to remove retaliatory duties on select agricultural items like almonds and walnuts if the United States exempts steel tariffs. But US negotiators are still unsure about the exemption of steel tariffs, said one of the sources. “We are discussing, (but) they are not very flexible whether there will be any substantial...
LME aluminium opened at US$2,208 per tonne on Wednesday, with its high and low at US$2,233 per tonne and US$2,208 per tonne, respectively, before closing at US$2,213 per tonne, up US$7.5 per tonne or 0.34 per cent. Bank of Canada unexpectedly raised interest rates, anticipating US Fed's rate hike in June. Hydropower generation in Yunnan is improving, predicting a small amount of aluminium capacity to resume by late June. Almost 200,000 tonnes of aluminium capacity will be released through Guizhou and Sichuan. Though it is not the season for downstream consumption, aluminium ingot inventories are continuously decreasing. Short-term aluminium prices are expected to remain range bound. On June 7, Wednesday, the LME aluminium cash bid price and the LME aluminium official settlement price...
LME aluminium opened at US$2,238 per tonne on Tuesday, with its low and high at US$2,205.5 per tonne and US$2,246 per tonne, respectively, before closing at US$2,205.5 per tonne, a drop of US$34.5 per tonne or 1.54 per cent. On Tuesday, June 6, both LME aluminium cash bid price and LME aluminium official settlement price plunged by US$43 per tonne or 1.94 per cent and US$44 per tonne or 1.98 per cent to close at US$2,171 per tonne and US$2,172 per tonne. 3-month bid price and 3-month offer price lost US$36 per tonne or 1.59 per cent to close at US$2,218.50 per tonne and US$2,219 per tonne. December 24 bid price and December 24 offer price dropped by US$22 per tonne or 0.91 per cent to peg at US$2,380 per tonne and US$2,385 per tonne. LME aluminium opening stock halted at 589475 tonnes....
LME aluminium opened at US$2,267.5 per tonne Monday, with its low and high at US$2,233 per tonne and US$2,273.5 per tonne respectively before closing at US$2,240 per tonne, a drop of US$27.5 per tonne or 1.21 per cent. Despite concerns about a global economic downturn, there is some positive news regarding hydropower generation in Yunnan, which could lead to a slight increase in local aluminium production by late June. While there may be a tiny disruption in the decline of aluminium inventories due to more shipments arriving, downstream demand is projected to remain low. As a result, aluminium prices are expected to remain stable in the short term. On June 5, Monday, the LME aluminium cash bid price and the LME aluminium official settlement price halted at US$2,214 per tonne and US$2,216...
On Monday, June 5, Aluminium Bahrain B.S.C. (Alba) announced that it bagged the 2023 International Safety Award with Merit from the British Safety Council (BSC). The prestigious award is a testament to Alba’s unwavering efforts to maintain a safe and healthy work environment during 2022. Alba’s Chief Executive Office Ali Al Baqali accepted the award at BSC’s International Safety Awards Gala Dinner on May 19, 2023, in the presence of Alba’s Directory Safety and Health Mohamed Khalil Saeed. The British Safety Council, founded in 1957, introduced the annual International Safety Award ceremony to recognise worldwide organisations which have demonstrated commitment to ensuring workplace safety and wellbeing. On receiving the award, Ali Al Baqali said: “We are honoured to have been recognised...
As of June 1, the domestic aluminium billet social inventory closed at 135,100 tonnes, down 6,200 tonnes from the previous week. Arrivals climbed dramatically, but transactions did not keep pace. A growing proportion of molten aluminium was into billets and other intermediate products. The current inventory remains the greatest compared to the same time in the previous three years. The figure below provides further information on the current state of aluminium billet inventories in China: The inventories in Wuxi and Changzhou hiked by 1,600 tonnes and 1,300 tonnes to halt at 22,200 tonnes and 8,700 tonnes, followed by a growth of 1,000 tonnes in Huzhou to settle at 18,000 tonnes. On the other hand, the inventory in Foshan nosedived by 10,000 tonnes to score 81,600 tonnes from 91,600...
A00 aluminium ingot price in China has decreased over the weekend ending Monday, June 5, following two consecutive hikes on June 1 and June 2. According to the Shanghai Metals Market data, the ingot price has slumped by RMB 160 per tonne to settle at RMB 18,410 per tonne but stands higher week-on-week by RMB 50 per tonne. The average prices are estimated to range between RMB 18,390 per tonne and RMB 18,430 per tonne, with a spot contract to trade at a discount price of RMB 20 per tonne and a premium price of RMB 20 per tonne. In Wuxi, A00 aluminium ingot price has plummeted by RMB 170 per tonne to stand at RMB 18,380 per tonne, followed by a decline of RMB 160 per tonne in Hangzhou and Tianjin to RMB 18,410 per tonne. Chongqing and Linyi's primary aluminium ingot price has also shrunk by...
LME aluminium opened at US$2,275 per tonne last Friday, with its low and high at US$2,256 per tonne and US$2,314.5 per tonne, respectively, before closing at US$2,267.5 per tonne, a drop of US$2.5 per tonne or 0.11 per cent. On Friday, June 2, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$17.5 per tonne or 0.76 per cent to halt at US$2,263 per tonne and US$2,263.50 per tonne. 3-month bid price and 3-month offer price, on the other hand, hiked by US$36.5 per tonne or 1.62 per cent to score at US$2,289 per tonne and US$2,289.50 per tonne. December 24 bid price and December 24 offer price ascended by US$36 per tonne or 1.49 per cent to reside at US$2,438 per tonne and US$2,443 per tonne. LME aluminium opening stock settled at 579025 tonnes. Live...
In collaboration with the Directorate of Factories and Boilers, Government of Odisha, Vedanta Aluminium held an impactful industrial safety training programme at its Jharsuguda operations. The programme was part of a series of training initiatives across various industries organised by the Department of Labour and ESI, Government of Odisha, aimed at enhancing safety awareness among industry professionals. The event organised by Vedanta was attended by over 450 participants from several industries and companies in Western Odisha. R S Gopalan, IAS, Commissioner cum Secretary, Department of Labour and ESI, also joined the programme but virtually. Niranjan Jena, Deputy Secretary (Nodal Officer), Department of Labour and ESI; Swaroop Jena, Deputy Director, Directorate of Factories and Boilers–...
The primary sector witnessed a great loss last week when news about Mr Bhavani Shankar Pani came floating. A member of Utkal Chamber of Commerce (UCC), and the former DGM (Technical) of NALCO closed his eyes on Saturday, 11:20 PM, at HCG Oncology Hospital in Bengaluru. Team AL Circle is saddened by this untimely demise and wishes good health to the grieving family members. Aluminium Bahrain B.S.C. (Alba) is proud to announce that it has received the ISO 18788:2015 Certification, which recognizes its superior Quality Management System, making it the first industrial company in Bahrain to receive this certification. The LME aluminium price index has risen over the week by 1.74 per cent or US$39 per tonne, if we compare last Friday (May 26) with this Thursday (June 1). LME was closed on...
Alcoa has invested R$1.3 billion in projects to replace fossil fuels at the Maranhão Aluminium Consortium (Alumar), which was formed by Alcoa Corporation, Rio Tinto, and South32, and at the Poços de Caldas facility (MG) over the last two years. However, attaining net zero carbon emissions is the company's target by 2050. Since the smelter was reactivated in April 2022 with an investment of R$1 billion, Alumar's aluminium production with 100% clean and renewable energy and minimal carbon emissions is already a reality. The operating unit had also replaced diesel in the anode baking ovens with Flex Gas, which resulted in a 30 per cent reduction in carbon emissions and allowed the delivery of low-carbon aluminium to consumers. The consortium supplies the national and international market...
According to the International Aluminium Institute, primary aluminium production in Russia & Eastern Europe stood at 329,000 tonnes during April 2023, bringing the total output in the first four months to 1.326 million tonnes. The output in April’23 reflected a month-on-month downfall of 4.08 per cent or 14,000 tonnes from 343,000 tonnes and a year-on-year drop of 2.92 per cent or 10,000 tonnes from 333,000 tonnes. The production during January-April 2023 also edged a fall of 1.49 per cent from 1.346 million tonnes a year ago, in line with the monthly and annual decline during April’23. The daily average output in April was recorded at 11,000 tonnes after a drop of 100 tonnes from the previous month and year. In Western & Central Europe, primary aluminium production during April 2023 was...
China’s aluminium ingot inventories descended week-on-week across the eight central consumption zones, including SHFE warrants, to halt at 595,000 tonnes as of Thursday, June 1, marked Shanghai Metals Market in the weekly aluminium inventory chart. The aluminium inventories tumbled 62,000 tonnes this week, declining 13,000 tonnes more from last week . Due to a decrease in cargo arrivals and an increase in consumption, south China led a destocking trend. In Wuxi, arrivals decreased by 20-30 per cent, causing local stocks to decline rapidly, while, in Gongyi, limited arrivals and improved consumption resulted in a decline in stocks after an increase the previous week. When tallied with last Monday, May 29, the aluminium social inventories witnessed a drop of 26,000 tonnes, but when compared...
