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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Aluminium alloy ingot (ADC12) prices remained stable W-o-W at INR 199,000 per tonne exw Faridabad due to limited transactions in the market. However, although some vendors quoted higher rates, actual transactions were reported to be in the range of INR 198,000 per tonne-200,000 per tonne after accounting for different discounts and concessions. Following price cuts by key alloy ingot players, purchasers grew cautious and hesitant to book to avoid future losses. Aluminium futures on the London Metal Exchange remained range-bound, trading around US$2,270-US$2,280 per tonne. Stocks in LME-registered warehouses increased dramatically in an unexpected change of events, within a month, stock levels increased by 34,000 tonnes, reaching 562,450 tonnes. The rise in stockpiles has produced a large...
Last week, both Hindalco and Vedanta back-to-back cut their aluminium prices on May 11 and 12 in response to the LME aluminium price fall of US$92 per tonne in just two days. However, the companies started the week on May 10 with a rise in their aluminium ingot prices by INR 3,000 per tonne and INR 4,500 per tonne, respectively, to INR 223,250 per tonne and INR 221,250-245,250 per tonne. Their aluminium wire rod and billet prices also experienced an increase of INR 3,000 per tonne and INR 4,500 per tonne, with effect from May 10, to stand at INR 235,250 per tonne and INR 229,750-237,250 per tonne. On May 11, Hindalco and Vedanta reduced their aluminium ingot price by INR 4,000 per tonne to INR 219,250 per tonne and INR 217,250-241,250 per tonne, respectively. The next day, they further...
LME aluminium opened at US$2,261 per tonne on Wednesday, with its high and low at US$2,308 per tonne and US$2,258.5 per tonne, respectively, before closing at US$2,300 per tonne, an increase of US$35 per tonne or 1.55 per cent. On Wednesday, May 17, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$33 per tonne or 1,47 per cent and US$33.5 per tonne or 1.49 per cent to settle at US$2,268 per tonne and US$2,269 per tonne. 3-month bid price and 3-month offer price expanded by US$31.5 per tonne or 1.24 per cent and US$31 per tonne or 1.38 per cent to close at US$2,273 per tonne and US$2,273.50 per tonne. December 24 bid price and December 24 offer price grew by US$30 per tonne or 1.24 per cent and US$25 per tonne or 1.24 per cent to halt at US$2,440...
According to local media reports on Wednesday, Uniprom, a company in Montenegro, has closed down the last 12 electrolysis cells at KAP (Aluminium Plant Podgorica), ending aluminium production at the plant after 52 years. However, the facilities for aluminium logs and aluminium alloy production will continue to operate, importing the metal for manufacturing purposes. Sources reported that around 50 workers had been left unemployed due to the closure of the plant. Uniprom associates revealed: "The government illegally took emission credits from Uniprom and assigned them to EPCG, contrary to an EU directive. The European Energy Community has already started the procedure, and the damage is worth tens of millions of euros. After the EU report arrives, we will continue with further activities....
As of May 11, the domestic aluminium billet social inventory closed at 168,600 tonnes, up 10,900 tonnes from the previous week. Inventory grew as a result of continuous cargo arrivals and low downstream consumption. A growing proportion of molten aluminium was converted into billets and other intermediate products. Meanwhile, the aluminium extrusion business is transitioning into the off-season. As a result, the accumulation of aluminium billet inventory will be hazardous. The figure below provides further information on the current state of aluminium billet inventories in China: The inventories in Foshan and Changzhou have expanded by 12,800 tonnes and 2,000 tonnes to halt at 108,400 tonnes and 7,800 tonnes. On the other hand, both Wuxi and Nanchang had recorded a drop of 2,800 tonnes...
Ma'aden, a Saudi state-owned mining company headquartered in Riyadh, is acquiring a 9.9 per cent stake in Vancouver's Ivanhoe Electric for $126.5 million. The news came on Tuesday, May 16, after Ma'aden announced signing an agreement with the American company. As per the deal, Ma'den is purchasing nearly 10.2 million common shares in Ivanhoe Electric (IE). Ma'aden also announced that it formed a 50/50 joint venture with IE to shoulder one of the most extensive exploration programmes. The JV will fund $66 million for exploration activities and buying three new-generation Typhoon machines. The agreement makes Ma'aden eligible to access IE's Typhoon geophysical survey technology to explore Saudi Arabia's lands that hold $1.3 trillion of untapped minerals. Ma'aden and IE will explore at least...
LME aluminium opened at US$2,265.5 per tonne on Tuesday, with its low and high at US$2237.5 per tonne and US$2,273 per tonne respectively before closing at US$2,265 per tonne, a drop of US$4 per tonne or 0.18 per cent. On May 16, Wednesday, the LME aluminium cash bid price stopped at US$2,235 per tonne, with a slump of US$25 per tonne or 1.11 per cent, and the LME aluminium official settlement price closed at US$2,235.50 per tonne, with US$25 per tonne or 1.1 per cent dive. The 3-month bid price halted at US$2,241.50 per tonne, with a loss of US$24.50 per tonne or 1.08 per cent and the 3-month offer price went down the graph by US$25.50 per tonne or 1.12 per cent, resting at US$2,242.50 per tonne. December 24 bid price and December 24 offer price both have plunged by US$25 per tonne or...
According to the National Bureau of Statistics, China's aluminium production in April 2023 (30 calendar days) fell 1.2 per cent month-on-month at 3.33 million tonnes. In March 2023 (31 calendar days), the output was 3.37 million tonnes, which brought the Q1 production to 9.8 million tonnes. In the first four months of 2023, China produced 13.3 million tonnes of aluminium compared to 13.01 million tonnes during the same period last year. That reflected a year-on-year increase of 2.23 per cent. China's monthly production fall in April '23 could be attributed to the ongoing production cut issues in Yunnan province, China's fourth biggest aluminium-producing province, accounting for 12 per cent of China's total capacity. As per the reports, lower production in Yunnan is not yet being...
LME aluminium opened at US$2,243 per tonne on Monday, with its low and high at US$2,221.5 per tonne and US$2,280 per tonne, respectively, before closing at US$2,269 per tonne, an increase of US$26 per tonne or 1.16 per cent. On Monday, May 15, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$30 per tonne or 1.34 per cent to stand at US$2,260 per tonne and US$2,260.50 per tonne. 3-month bid price and 3-month offer price expanded by US$29.5 per tonne or 1.31 per cent and US$30.5 per tonne or 1.36 per cent to halt at US$2,266 per tonne and US$2,268 per tonne. December 24 bid price and December 24 offer price grew by US$20 per tonne or 0.82 per cent to score at US$2,435 per tonne and US$2,440 per tonne. LME aluminium opening stock came in at 568200...
According to our source, China's Shandong Nanshan wants to expand its new Indonesian alumina refinery site to a USD$6 billion aluminium smelting complex by 2028, making it one of the most significant foreign investments in the country. Shandong Nanshan is incorporated among many private Chinese organizations making multibillion-dollar investments in Southeast Asia in fields such as metal processing and oil refining, despite a slowing Chinese economy and more regulatory scrutiny at home. In the Galang Batang special economic zone (SEZ), located on the island of Bintan, the company began operating its 2 million tonnes of alumina refinery annually in November 2022. Currently operating at full capacity, Nanshan sources bauxite for its alumina refinery from Indonesia's Kalimantan province and...
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LME aluminium opened at US$2,214 per tonne last Friday, with its low and high at US$2,203.5 per tonne and US$2,245 per tonne, respectively, before closing at US$2,244 per tonne, an increase of US$31 per tonne or 1.4 per cent. On May 12, Friday, the LME aluminium cash bid price stopped at US$2,230 per tonne, with a slight increase of US$2 per tonne or 0.09 per cent, and the LME aluminium official settlement price closed at US$2,230.50 per tonne, with US$1.50 per tonne or 0.07 per cent spike. The 3-month bid price remained stagnant at US$2236.50 per tonne, and the 3-month offer price went up the graph by US$0.50 per tonne or 0.02 per cent, resting at US$2,237.50 per tonne. December 24 bid price and December 24 offer price both have shown no alteration at all, staying strong with the prices...
According to the Shanghai Metals Market, China’s social inventories of aluminium ingot further tumbled by 48,000 tonnes over a week across the eight major consumption areas, including SHFE warrants, to halt at 787,000 tonnes as of Thursday, May 11. We see the beginning of May to be sluggish, but inventory downsizing is regaining a rampant pace. As we saw last week , the inventories only suffered a fall of 18,000 tonnes, but compared to the previous year, it fell by 216,000 tonnes. SMM claims that the inventories are the shallowest in the last five years, setting a record. Almost all regions in China have seen a decrease in stock, with some having a faster reduction rate. The future seems quite bright, as steady trade means a flourishing economy. When tallied with this Monday, May 8, the...
Primary aluminium output in Russia and Eastern Europe reached 343,000 tonnes in March 2023, up 10.65% or 33,000 tonnes from 310,000 tonnes the previous month. According to Hong Leong Investment Bank (HLIB) Research, Press Metal should see a 26 per cent growth in quarter-on-quarter primary profits in 2023. The study also indicates that aluminium may have a bright future in the medium or long term if it can overcome electricity costs, recession, and the imposed slump on the worldwide real estate business. Net sales for Century Aluminium climbed by 4.25 per cent quarter over quarter, from $529.9 million to $552.4 million, reflecting an increase in shipments of 11,694 tonnes. According to the statistics, exports increased from 169,471 tonnes to 181,165 tonnes in Q1 2023. The PT Adaro Minerals...
On May 12, Friday, French President Emmanuel Macron travelled to an aluminium factory in Dunkirk to showcase the region's industrial recovery and highlight France's growing economic relevance for foreign investments. This visit follows the announcement by Taiwanese industrial group Prologium that it has chosen Dunkirk as the location for a hi-tech factory to manufacture batteries for electric cars from 2026. Macron is expected to tour the Aluminium Dunkerque plant , the largest producer of primary aluminium in Europe, and emphasise his government's commitment to accelerate the re-industrialisation of France. The strategy was reiterated in an interview with the weekly magazine Challenges. "Re-industrialisation means creating purchasing power and financing our social model," exclaimed...
LME aluminium opened at US$2,275.5 per tonne on Thursday, with its high and low at US$2,282 per tonne and US$2,202 per tonne, respectively, before closing at US$2,213 per tonne, a drop of US$56.5 per tonne or 2.49 per cent. On Thursday, May 11, both LME aluminium cash bid price and LME aluminium official settlement price plunged by US$47.5 per tonne or 2.08 per cent and US$47 per tonne or 2.06 per cent to halt at US$2,228 per tonne and US$2,229 per tonne. 3-month bid price and 3-month offer price dwindled by US$43.5 per tonne or 1.90 per cent and US$44 per tonne or 1.92 per cent to peg at US$2,236.50 per tonne and US$2,237 per tonne. December 24 bid price and December 24 offer price contracted by US$40 per tonne or 1.62 per cent to score at US$2,415 per tonne and US$2,420 per tonne. LME...
LME aluminium opened at US$2,321 per tonne on Wednesday, with its high and low at US$2,325 per tonne and US$2,266 per tonne respectively before closing at US$2,269.5 per tonne, a drop of US$45.5 per tonne or 1.97 per cent. The rate of inflation in the US has decreased, and there are indications that interest rates and the debt ceiling are improving, which has boosted the price of aluminium. Despite this, there are still uncertainties in the market, and it will take favourable policies to fully recover domestic demand. On May 10, Wednesday, the LME aluminium cash bid price halted at US$2,275.50 per tonne, with a fall of US$44.50 per tonne or 1.92 per cent and the LME aluminium official settlement price stopped at US$2,276 per tonne, with a slump of US$45 per tonne or 1.94 per cent. The...
On Thursday, May 11, China’s A00 aluminium ingot price has decreased by RMB 70 per tonne to halt at RMB 18,320 per tonne. A W-o-W calculation recorded a slump of RMB 190 per tonne from RMB 18,510 per tonne. Today, the average prices are expected to stand between RMB 18,300 per tonne and RMB 18,340 per tonne, with the spot contract price expected to be traded at a discount price of RMB 20 to a premium price of RMB 20 per tonne. The A00 aluminium ingot price has fallen in all the provinces owing to weaker demand in China and global economic headwinds. However, the price in Hangzhou has recorded a sudden growth of RMB 20 per tonne to score at RMB 18,420 per tonne. The prices in Chongqing and Wuxi have slipped by RMB 80 per tonne to stand at RMB 18,390 per tonne and 18,300 per tonne. On the...
