Aluminium prices recorded another gain on October 30, extending their late-month recovery as improving Chinese industrial indicators provided a supportive backdrop for the non-ferrous metals market. The latest movement comes amid a mixed demand environment, with stronger manufacturing activity and higher primary aluminium production in China contrasting with a broader slowdown in downstream purchasing. The benchmark aluminium quote reached USD 3,076.8, supported by a positive trading session. However, the recovery remains incomplete, with prices yet to return to the higher levels recorded earlier in the autumn. Aluminium rebounds from its late-October decline The daily price chart indicates a prolonged decline through June, followed by relatively stable trading and intermittent recoveries...
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...
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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...
Founded in North East England in 1973, K Home International, a family-run engineering firm that has worked on projects worldwide, is celebrating 50 years in business. The journey started with a vision to provide engineering design, project and construction management services that deliver its clients the most appropriate and effective solutions. As a company founded by Ken Home, K Home International has been providing engineering design and project management services to several prestigious projects. Ken said, "Some of the key highlights of our 50 years in business are the projects we've worked on, including one of our first jobs at the British Aluminium smelter in Lynemouth, a company we continued to work with for over 40 years until the plant closed." "Other notable contracts include a...
The global aluminium industry witnessed a volatile month, May 2023, regarding the metal's price. Although there were some price moments, the range remained between USD$100-USD$150. We all know that the global manufacturing sector is in the mode of reducing carbon footprints, so everybody's focus is on sustainability. Auto giants like Mercedes Benz have tied up with Hydro for low carbon aluminium supply, while the Russian aluminium producer Rusal has approved its 2035 Sustainable Development Strategy. On the other part of the world, in the continent where bauxite availability is abundant, Africa, a country named Ghana, for whom the IMF has raised concerns that the West African nation may fail to pay its Chinese debt, making the world's second-largest economy gain access to the country's...
LME aluminium opened at US$2,243.5 per tonne on Thursday, with its low and high at US$2,233.5 per tonne and US$2,292.5 per tonne respectively before closing at US$2,270 per tonne, up US$23 per tonne or 1.02 per cent. On June 1, Thursday, the LME aluminium cash bid price and the LME aluminium official settlement price halted at US$2,280.50 per tonne and US$2,281 per tonne, skipping upward by US$26 per tonne or 1.15 per cent each. The LME aluminium price chart shows a gradual decline of 15.56 per cent or US$420.50 per tonne on a year-on-year basis from 1 June 2022, when the spot price stood at US$2,701.50 per tonne. This is mainly due to the heightening energy prices and the prevailing economic upheaval in the European trade industry. The 3-month bid price and the 3-month offer price both...
Rio Tinto, a well-known mining corporation in Australia, has recently announced a significant profit from its aluminium smelter located in Bluff. The holding company for Rio Tinto's 79% share in the smelter, Pacific Aluminium, has recorded an "underlying" profit of $122 million for the year ending in December, benefiting from high aluminium prices. This profit, although lower compared to the previous year's $140 million due to the soaring aluminium prices caused by Russia's invasion of Ukraine, marks a significant turnaround from the $100 million underlying loss reported in 2020. Rio Tinto is currently in talks with power companies to extend the smelter's operation beyond next year when its prevailing low-cost power-supply contracts with Meridian and Contact Energy expire. Pacific...
On Wednesday, Alro, a Romanian aluminium producer, announced that it had signed a memorandum of understanding (MoU) with Azeraluminium, an aluminium firm in Azerbaijan, to discover routes to upgrade their technical and economic capabilities through mutual cooperation. The MoU unveils Alro will explore the probability exporting baked anodes to Azeraluminium for a prolonged duration of more than two to five years; the Romanian aluminium brand made it public in a press release. Additionally, they may partner to develop a gas-fired power plant on Alro 's premises, while Azeraluminium could process, market, and circulate continuous casting coils in Romania. Azeraluminium is the only primary aluminium producer in the South Caucasus region and has a grand presence in the non-ferrous...
The Shanghai Metal Market has seen RMB 120 per tonne augmentation in the aluminium spot price, stopping at RMB 18,400 per tonne today, June 1. The average aluminium price trends are between RMB 18,380 per tonne and RMB 18,420 per tonne. The premium prices have ranged around RMB 60 or 20 per tonne. The central provinces in China all have witnessed increasing aluminium prices today, with only one exception in Shenyang, where it stood at RMB 18,320 per tonne as on May 31 , recording no change. Other than that, Foshan and Tianjin have experienced the biggest growth of RMB 150 per tonne, officially closing at RMB 18,500 per tonne and RMB 18,430 per tonne, respectively. Next, in Wuxi, the aluminium spot price has heightened by RMB 130 per tonne, resting at RMB 18,380 per tonne. In Hangzhou and...
LME aluminium opened at US$2,227.5 per tonne on Wednesday, with its low and high at US$2,201 per tonne and US$2,249 per tonne, respectively, before closing at US$2,247 per tonne, up US$19 per tonne or 0.85 per cent. On Wednesday, May 31, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$25 per tonne or 1.12 per cent to halt at US$2,254.50 per tonne and US$2,255 per tonne. 3-month bid price and 3-month offer price slipped by US$3 per tonne or 0.12 per cent and US$3.5 per tonne or 0.15 per cent to settle at US$2,221 per tonne and US$2,221.50 per tonne. December 24 bid price and December 24 offer price dipped by US$10 per tonne or 0.41 per cent to score at US$2,380 per tonne and US$2,385 per tonne. LME aluminium opening stock halted at 579525 tonnes....
At the beginning of the last week, aluminium prices of Indian giants like Hindalco and Vedanta trended downwards in line with the LME aluminium price drop but increased later as the global benchmark price speared up. On Tuesday, May 23, Hindalco cut its aluminium ingot and aluminium products prices by INR 3,750 per tonne or 1.6 per cent, bringing the ingot price to INR 220,000 per tonne. Hindalco’s aluminium wire rod and billets prices stood at INR 232,000 per tonne and INR 234,100 per tonne. On May 24, Hindalco further reduced its aluminium prices by INR 5,250 per tonne, resulting in the aluminium ingot price at INR 214,750 per tonne, aluminium wire rod price at INR 226,750 per tonne, and aluminium billets price at INR 228,850 per tonne. On May 25, the company added INR 2,500 per tonne...
LME aluminium closed at US$2,228 per tonne, a drop of US$7.5 per tonne or 0.67 per cent. On May 30, Tuesday, the LME aluminium cash bid price and the LME aluminium official settlement price halted at US$2,229.50 per tonne and US$2,230 per tonne, diving US$11.50 per tonne or 0.51 per cent and US$12 per tonne or 0.53 per cent, respectively. Since LME was closed on Monday due to Spring Bank Holiday, the comparison has been made with Friday, May 26, last week. The LME aluminium price on April 28 was US$2,342 per tonne, which fell 4.78 per cent or US$112 per tonne month-on-month to US$2,230 per tonne on Tuesday, May 30. The 3-month bid price and the 3-month offer price both dropped US$13 per tonne or 0.58 per cent, officially settling at US$2,224 per tonne and US$2,225 per tonne. December 24...
Except for nickel, all non-ferrous metals prices on the London Metal Exchange (LME) have registered growth. Aluminium futures gained 0.3 per cent to $2,237 per tonne, while lead futures increased by 0.2 per cent to $2,078 per tonne. Copper prices increased by 2.2% to $8,135/t. Zinc prices, on the other hand, increased by 3.1% to $2,343/t. Nickel prices, on the other hand, fell 0.3% to $21,162/t. According to Au Jibun Bank, Japan's manufacturing purchasing managers' index (PMI) improved to 50.8 in May 2023. This is a favourable development since it suggests that operational circumstances have improved for the first time since October 2022. The COMEX market (Commodity Exchange) shows that copper prices have risen by 3 per cent to $8,093 per tonne from $7,875 per tonne on the previous...
EGA or Emirates Global Aluminium, which is the biggest industrial company in the United Arab Emirates, aside from oil and gas, recently announced that it would be introducing the SafeStart programme to the region. This behavioural safety programme aims to help the company achieve its goal of zero harm and an enhanced workplace atmosphere. EGA's safety performance is already better than the industry average, but the company is determined to eliminate the risk of serious harm in its operation by the end of the decade. To achieve this, EGA is focusing on improving all four factors of safety, including technical solutions, organisational safety management systems, authentic safety leadership, and human behaviour. SafeStart oversees the humane anomalies in safety by targeting states of mind...
On Monday, May 29, Aluminium Bahrain B.S.C. (Alba) announced that it secured ISO 18788:2015 Certification, which represents its high-end Quality Management System. The world’s largest aluminium smelter outside China takes immense pride in becoming the first industrial company in Bahrain to have received this certification. ISO 18788:2015 serves as an international benchmark for the company to conduct its professional security operations in certain ways that meet the requirements of clients and stakeholders and adhere to applicable laws and human rights rules. The certification was given to Alba following the surveillance audit of its Security Operations Management System (SOMS) at the main site, Calciner and Marine Facility and S.P.L. Treatment Plant. Alba obtained the certification...
On Tuesday, May 30, the SHFE aluminium has lost US$5 per tonne or 0.19 per cent to close at US$2,575 per tonne. The most-traded SHFE 2307 aluminium contract opened at RMB 18,055 per tonne overnight, with its low and high at RMB 17,885 per tonne and RMB 18,065 per tonne before closing at RMB 18,070 per tonne, down RMB 140 per tonne or 0.77 per cent. LME aluminium price The LME market was closed on Monday, May 29, during Spring Bank Holiday and will resume trading on Tuesday, May 30. However, on Friday, May 26, both LME aluminium cash bid price and LME aluminium official settlement price halted at US$2,241 per tonne and US$2,242 per tonne, rising by US$6 per tonne or 0.27 per cent. 3-month bid price and 3-month offer price were hiked by US$11.50 per tonne and US$12 per tonne to stand at...
The Team AL Circle is deeply saddened by the demise of Mr Bhavani Shankar Pani, a member of Utkal Chamber of Commerce (UCC), and former DGM (Technical) of NALCO. He breathed his last on Saturday, at 11:20 PM, at HCG Oncology Hospital in Bengaluru. Mr Pani, an aluminium expert, lived all his life with an inspiring zeal but succumbed to cancer in his last days. He is survived by his wife Susmita Pani and only son Gourav Pani. With the ocean of knowledge on aluminium, Mr B.S. Pani’s contribution to the industry and AL Circle, in particular, is unmatched. He was associated with AL Circle as a Director Consultant from 2010-2014. He mentored the team in its initial days with the best of his experience and knowledge in the aluminum sector. Till today, we are following his teachings in shaping AL...
LME aluminium opened at US$2,219 per tonne last Friday, with its low and high at US$2,209 per tonne and US$2,265 per tonne, respectively, before closing at US$2,243 per tonne, up US$29 per tonne or 1.31 per cent. On May 26, Friday, the LME aluminium cash bid price and the LME aluminium official settlement price halted at US$2,241 per tonne and US$2,242 per tonne, rising by US$6 per tonne or 0.27 per cent. In May, the LME aluminium price index hovered around the average range of US$2,353 per tonne (May 2) and US$2,202 per tonne (May 23). On a year-on-year basis, the aluminium spot price has slumped by US$583.50 per tonne or 20.65 per cent from US$2,825.50 per tonne (May 26 2022) to US$2,242 per tonne last week. The 3-month bid price, with an US$11.50 per tonne or 0.52 per cent hike, rested...
Aluminium Bahrain (Alba), the world's biggest aluminium smelter outside of China, signed a deal with Bahrain's Electricity and Water Authority (EWA) for operation and maintenance. As part of this agreement, both parties undertake to exchange energy on an annual and seasonal basis to boost power efficiency by carefully managing the timing of exports and imports within their respective electric systems. Emirates Global Aluminium, a significant industrial business in the UAE, inked a memorandum of understanding with BP. National Aluminium Corporation Limited, an integrated aluminium corporation under the Ministry of Mines, released its financial results for fiscal years 2022 and 2023. The company's net profit for the March quarter was INR 495 crore, up from INR 256.32 crore in the previous...
Hydro has announced that existing shareholders of Alumetal can now submit subscriptions for selling their shares in a tender offer relaunched by Hydro, a Norway-based global aluminium and energy group. Subscriptions submission is open till June 30, 2023. As per the report, Hydro is offering PLN 78.69 in cash for each share in Alumetal, which represents a premium of 15 per cent over the price offered in the initial tender in April 2022. Alumetal's existing shareholders will receive the full dividend from Hydro's record high net profit of 2022, i.e. a total of PLN 13.82 per share, of which PLN 3.30 per share has already been paid, and the remaining will be paid on July 27, 2023, after the completion of Hydro's acquisition of Alumetal . Considering this, the economic benefit given to...
