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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The latest data from the International Aluminium Institute showed primary aluminium production in Africa recorded a fall of 3,000 tonnes or 2.29 per cent month-on-month during April 2023, coming in at 128,000 tonnes. In March 2023, Africa’s output stood at 131,000 tonnes , up by 8,000 tonnes or 6.50 per cent from 123,000 tonnes. On a year-on-year calculation, primary aluminium production in Africa during April 2023 also registered a drop of 3,000 tonnes, as the output last April also stood at 231,000 tonnes. From January to April 2023, primary aluminium output in Africa totalled 520,000 tonnes, down by 8,000 tonnes or 1.5 per cent from 528,000 tonnes during the corresponding period of the previous year. Africa’s average primary aluminium production on a daily basis was 4,300 tonnes during...
LME aluminium opened at US$2,209 per tonne on Thursday, with its low and high at US$2,193 per tonne and US$2,239 per tonne, respectively, before closing at US$2,214 per tonne, up US$8 per tonne or 0.36 per cent. On Thursday, May 25, both LME aluminium cash bid price and LME aluminium official settlement price moved up by US$12 per tonne or 0.53 per cent and US$2 per tonne or 0.08 per cent to reside at US$2,235 per tonne and US$2,236 per tonne. 3-month bid price and 3-month offer price closed at US$2,225.50 per tonne and US$2,226 per tonne after recording a dip by US$2.5 per tonne and US$3 per tonne. December 24 bid price and December 24 offer price went down by US$3 per tonne or 0.12 per cent and US$8 per tonne or 0.33 per cent to reside at US$2,390 per tonne and US$2,395 per tonne. LME...
National Aluminium Company Limited, an integrated aluminium company under the Ministry of Mines, has announced its financial results for FY2022-23. The company posted a net profit of INR 495 crore for the March quarter compared to INR 256.32 crore in the December quarter. That reflected an increase of 93.12 per cent, sequentially. However, NALCO’s net profit in the entire financial year 2022-23 plummeted by 51.39 per cent from INR 2,951.41 crore to INR 1,434.66 crore. NALCO reported that its revenue during the March quarter (Q4) came in at INR 3,726.76 crore, registering an increase of 10.99 per cent from INR 3,357.71 crore in Q3 FY2023. In the entire year, the company yielded revenue of INR 14,490.49 crore, flat compared to INR 14,478.67 crore during the financial year ended March 31,...
As per Shanghai Metals Market, China’s social inventories of aluminium ingot kept shrinking week-on-week across the eight major consumption areas, including SHFE warrants, to halt at 657,000 tonnes as of Thursday, May 25. The aluminium inventories dropped 1,000 tonnes more than the previous week when it plunged by 48,000 tonnes. Stocks showed a slower throughput causing variations in regional markets. South China saw stagnancy in cargo arrivals, but outflows increased. Smelters sent more shipments to East China to take advantage of higher prices. Spot premiums slowed down transactions and led to a gradual decline in local stocks. Compared with last Monday, May 22, the aluminium social inventories witnessed a downward leap of 37,000 tonnes, but when matched with the same period one year...
On May 25, aluminium billet inventory in China closed at 141,300 tonnes, dropping 20,700 tonnes W-o-W. This year, smelters increased their percentage of non-ingot production. After a period of building after the Labour Day vacation, aluminium billet inventory has begun to decline. After a period of building after the Labour Day vacation, aluminium billet inventory has begun to decline. However, the drop has slowed, and inventory is about the same as it was at the end of April, and it remains the highest level in the previous three years. SMM anticipates a modest decrease in aluminium billet inventories next week and production buts by billet producers this month. The figure below provides further information on the current state of aluminium billet inventories in China: The inventories...
Hindalco Industries Limited, one of India's biggest aluminium manufacturing companies belonging to the Aditya Birla Group, announced its fourth quarter and full-year results for the financial year 2022-23 ended March 31. The report indicated a 37.4 per cent year-on-year plunge in net profit to INR 24.11 billion for Q4 compared to INR 38.51 billion a year ago. However, on a quarter-on-quarter calculation, the profit recorded a hike of 77 per cent from INR 13.62 billion. The annual net profit of the company also registered a downfall from INR 137.30 billion in FY2022 to INR 100.97 billion in FY2023 despite a 14 per cent increase in consolidated revenue from INR 1,950.6 billion to INR 2,232 billion, emerging as an all-time high. The year-on-year drop in net profit in Q4 and full-year could...
LME aluminium opened at US$2,225 per tonne on Wednesday, with its low and high at US$2,190 per tonne and US$2,236.5 per tonne, respectively, before closing at US$2,206 per tonne, a drop of US$13 per tonne or 0.63 per cent. There is uncertainty in the macroeconomic environment due to the failure of the debt ceiling negotiations to reach an agreement. The US Federal Reserve is still debating whether to increase interest rates or not. Additionally, the consumption recovery has been weaker than predicted. Furthermore, prebaked anodes and coal prices have decreased, causing a decline in cost support for aluminium prices. On May 24, Wednesday, the LME aluminium cash bid price closed at US$2,233 per tonne, with a subtle increase of US$31.50 per tonne or 1.43 per cent, while the LME aluminium...
According to the International Aluminium Institute, world primary aluminium production amounted to 5.628 million tonnes in April 2023, reflecting a fall of 3.18 per cent month-on-month from 5.813 million tonnes. The output in March recorded an increase of 10.03 per cent month-on-month from 5.283 million tonnes. On a year-on-year comparison, world primary aluminium production in April grew marginally by 0.34 per cent from 5.609 million tonnes. In the first four months of 2023, world primary aluminium production totalled 22.582 million tonnes, up by 1.77 per cent from 22.136 million tonnes during the same period last year. World’s average daily primary aluminium production was 187,600 tonnes in April’23 compared to 187,500 tonnes a month ago and 187,000 tonnes a year earlier. In China,...
Three-month LME aluminium opened at $2,266 per tonne on Tuesday, with its low and high at US$2,216per tonne and US$2,270 per tonne, respectively, before closing at US$2,220 per tonne, a drop of US$43.50 per tonne or 1.92 per cent. On Tuesday, May 23, the LME aluminium cash bid price extended its fall by US$59.50 per tonne to close at US$2,201.50 per tonne, while the LME aluminium official settlement price decreased further by US$60 per tonne to US$2,202 per tonne. On the same day, the 3-month bid price and 3-month offer price settled at US$2,225 per tonne and US$2,227 per tonne, down by US$35 per tonne from US$2,260 per tonne and US$2,262 per tonne on May 22 , respectively. December 24 bid price and December 24 offer price slipped US$20 per tonne to peg at US$2.398 per tonne and US$2,403...
Emirates Global Aluminium, a leading industrial company in the UAE besides oil and gas, has signed a memorandum of understanding with BP. The purpose is to explore potential projects and opportunities that could decrease the carbon intensity of EGA's calcined petroleum coke supply. This non-binding and non-exclusive agreement was exchanged in Abu Dhabi between Abdulnasser Bin Kalban, EGA's CEO, and William Lin, bp's Executive Vice President of Regions, Corporates & Solutions. Calcined petroleum coke is turned into carbon anodes that are used in reduction cells during the aluminium smelting process. EGA uses approximately one million tonnes of calcined petroleum coke per year. EGA imports most of it, while up to 40% comes from ADNOC. BP has been supplying EGA with calcined petroleum coke...
LME aluminium opened at US$2,288 per tonne on Monday, with its low and high at US$2,249.5 per tonne and US$2,289.5 per tonne respectively before closing at US$2,263.5 per tonne, a drop of US$20.5 per tonne or 0.9 per cent. On May 22, Monday, the LME aluminium cash bid price closed at US$2,261 per tonne, with a fall of US$37 per tonne or 1.61 per cent and the LME aluminium official settlement price halted at US$2,262 per tonne, decreasing by US$38 per tonne or 1.65 per cent. The 3-month bid price stopped at US$2,260 per tonne, with a slump of US$35 per tonne or 1.52 per cent and the 3-month offer price declined by the same number, anchoring at US$2,262 per tonne. December 24 bid price and December 24 offer price both have shed US$30 per tonne or 1.22 per cent, officially closing at...
Aluminium Bahrain (Alba), the world's largest aluminium smelter ex-China, has entered into an operation and maintenance agreement with Bahrain's Electricity and Water Authority (EWA). As part of this agreement, both entities can exchange energy annually and seasonally to increase power efficiency by strategically scheduling the timing between exports and imports within their electric systems. According to EWA President Kamal bin Ahmed Mohammed, this agreement falls under the Kingdom's energy programs aimed at improving the quality of energy production and investing in the best possible methods. The energy exchange process follows rigorous technical procedures to ensure that all connected lines operate efficiently and adhere to operational standards that maximise the benefits of energy...
LME aluminium opened at US$2,288 per tonne last Friday, with its low and high at US$2,284 per tonne and US$2,288 per tonne, respectively, before closing at US$2,286.5 per tonne, an increase of US$2.5 per tonne or 0.11 per cent. On Friday, May 19, both LME aluminium cash bid price and LME aluminium official settlement price dipped by US$12 per tonne or 0.51 per cent to stand at US$2,298 per tonne and US$2,300 per tonne. 3-month bid price and 3-month offer price fell by US$7 per tonne or 0.30 per cent to score at US$2,295 per tonne and US$2,297 per tonne. December 24 bid price and December 24 offer price dropped by US$15 per tonne or 0.60 per cent to halt at US$2,448 per tonne and US$2,453 per tonne. LME aluminium opening stock came in at 555200 tonnes. Live warrants and Cancelled warrants...
Uniprom has closed the last 12 electrolysis cells at KAP in Montenegro, ending 52 years of aluminium production. The plant will continue producing logs and alloys by importing metal. It has been reported that Shandong Nanshan of China plans to transform its Indonesian alumina refinery site into a $6 billion aluminium smelting complex by 2028, which would be a significant foreign investment in the country. The LME aluminium price chart has seen restrained growth through most of May, with the aluminium spot price rising around US$2,300 per tonne at the most. However, this week there has been a sudden surge of US$51.50 per tonne or 2.28 per cent from Monday (US$2,260.50 per tonne) to Thursday (US$2,312 per tonne) in the LME aluminium price index. On the other hand, SHFE has maintained a...
A recent report states Britain will ban aluminium imports from Russia, among other commodities like diamond, copper and nickel. The news came on Friday, May 19, after Britain announced its plans targeting companies allegedly stealing Ukrainian grain. British Prime Minister Rishi Sunak said, “We will legislate later this year to ban imports of Russian diamonds, and end all imports of Russian-origin copper, aluminium and nickel.” But the ban is expected to have a mild impact as Russian exports of aluminium and other materials to the United Kingdom have already dropped since the tariffs came into effect. Alongside, the United States, Britain and other groups of seven major economies will disclose their sanctions and import control plans from Russia at the 49th G7 summit in Japan, from May...
On May 16, the National Bureau of Statistics of China's data revealed that China's primary aluminium output in April 2023 declined by 1.2 per cent when analyzed with March 2023 due to an energy restriction policy in southwest China that restrained aluminium production. The National Bureau of Statistics reported that China produced 3.33 million tonnes of primary aluminium in April, down from 3.37 million tonnes in March but up 0.8 per cent from the same phase of the previous year. The National Bureau of Statistics is a deputy-cabinet-level agency under the China State Council. Established in August 1952, the bureau collects, investigates, researches and publishes statistics concerning the nation's economy, population and other aspects of society. Yunnan, China's fourth-largest aluminium...
LME aluminium opened at US$2,300.50 per tonne on Thursday, with its low and high at US$2,264.5 per tonne and US$2,309 per tonne respectively before closing at US$2,282 per tonne, a drop of US$18 per tonne or 0.78 per cent. The LME aluminium price trends have been on a constant decline in the month of May with the highest recorded price on May 2 at US$2,353 per tonne and the lowest aluminium price marked on May 11 at US$2,229 per tonne. On May 18, Thursday, the LME aluminium cash bid price and the LME aluminium official settlement price closed at US$2,310 per tonne and US$2,312 per tonne, with the former escalating by US$42 per tonne or 1.85 per cent, while the latter increased by US$43 per tonne or 1.89 per cent. The 3-month bid price halted at US$2,302 per tonne, with a spike of US$29...
According to the China customs data on May 18, China's aluminium imports, including unwrought aluminium and products, recorded a rise of 27.1 per cent year-on-year during April 2023, reaching 222,851 tonnes. A year ago, the import volume stood at 175,289 tonnes. On a month-on-month calculation, China's imports grew 11.14 per cent from 200,508 tonnes, found the customs data. In the first four months of 2023, China imported 797,602 tonnes of aluminium, up 12.6 per cent year-on-year. The consumption of aluminium for electric passenger vehicles increased in April, with a 54 per cent year-on-year jump in sales, while domestic output grew marginally by 0.8 per cent from a year earlier; hence, was the need for higher aluminium imports. The negligible rise in China's domestic aluminium production...
