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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On Thursday, May 4, China’s aluminium billet social inventory closed at 157,700 tonnes, up by 15,600 tonnes from the previous week. The increase was primarily attributable to arrivals over the Labour Day vacation and inadequate pre-holiday stockpiling. Smelters have been selling an increasing proportion of their molten aluminium to neighbouring billet factories since demand has been unable to keep up with supply growth. In addition, demand fell in late April. As a result, falling aluminium billet inventories will be tough. The figure below provides further information on the current state of aluminium billet inventories in China: The inventories had shown growth in all the provinces. In Foshan and Huzhou, the inventories had surged by 6,900 tonnes and 3,000 tonnes to reside at 95,600...
Affin Hwang Capital, the Malaysian-based investment banking group, had reduced its aluminium price per megatonne projections for 2023 to 2025, citing worries about global growth deceleration and a slight oversupply in the aluminium market. The pricing assumptions suggested that aluminium prices may fall below US$1,800 per tonne in the fourth quarter of 2023 (4Q23), following in the footsteps of aluminium prices that have fallen during economic downturns. "We now expect 2023 to 2025 aluminium prices to average at US$2,220, US$2,300, and US$2,400 per megatonne (mt) respectively from US$2,550 per mt previously. We also lower our carbon anode price assumptions as prices have eased since the peak back in June 2022 from lower oil prices," said Affin Hwang Capital. "We expect carbon anode prices...
The planned renewable energy-sourced aluminium smelter of PT Adaro Minerals Indonesia Tbk (ADMR) in Green Industrial Park Indonesia, North Kalimantan, is anticipated to be functional in Q2 2025 with a total investment of US$2 billion. Totok Azhariyanto, the Director at Adaro Minerals, said, " Currently, ADMR has explored cooperation with local players to supply 50 per cent of the alumina needs for the smelter while the rest will still rely on imports." "The total investment value, including power plants, reaches US$ 2 billion. Meanwhile, the alumina supply agreement will be finalized around six months before the commercial operation date [COD]." The aluminium smelter is scheduled to open in the second quarter of 2025, with a capacity of 500,000 tonnes in the first phase. Christian Ariano...
In Russia & Eastern Europe, primary aluminium production during March 2023 stood at 343,000 tonnes, reflecting an increase of 10.65 per cent or 33,000 tonnes month-on-month from 310,000 tonnes. Russia & Eastern Europe witnessed a hike in March following M-o-M downfall of 9.88 per cent in the previous month from 344,000 tonnes, showed the International Aluminium Institute. However, on a year-on-year calculation, Russia & Eastern Europe’s primary aluminium production in March’23 edged a fall of 7,000 tonnes or 2 per cent from 350,000 tonnes. During the first quarter of 2023, ended March 31, primary aluminium production in Russia & Eastern Europe amounted to 997,000 tonnes, down by 2.25 per cent from 1.02 million tonnes in Q4 2022 ended December 31. On an annual basis, Russia & Eastern...
As per the Hong Leong Investment Bank (HLIB) Research, it has been forecasted that Press Metal might have a 26% increase in quarter-on-quarter primary earnings in 2023. The research also notifies that aluminium might have a bright future in mid or long-term conditions after it overcomes power cost, recession and the inflicted depression on the international real estate industry. Press Metal , the brainchild of the Koon Brothers, has successfully retained its shape in the gradually declining economy, and HLIB Research, in its last report, mentioned: “We see Press Metal Aluminium Holdings Bhd as an indirect beneficiary of the global decarbonisation movement and increasing environmental, social and governance policies across the world.” “However, the company may still register mediocre...
LME aluminium opened at US$2,327 per tonne on Tuesday, with its high and low at US$2,338.5 per tonne and US$2,293 per tonne, respectively, before closing at US$2,315 per tonne, a drop of US$3.5 per tonne or 0.15 per cent. On Tuesday, May 9, both LME aluminium cash bid price and LME aluminium official settlement price scored at US$2,320 per tonne and US$2,321 per tonne. Over the weekend, the prices had surged by US$43 per tonne or 1.88 per cent and US$43.5 per tonne or 1.90 per cent. 3-month bid price and 3-month offer price hiked by US$36 per tonne or 1.57 per cent and US$35 per tonne or 1.52 per cent to settle at US$2,326 per tonne and US$2,327 per tonne. For the same day, December 24 bid price and December 24 offer price clocked at US$2500 per tonne and US$2505 per tonne. LME aluminium...
According to the Shanghai Metals Market survey, China’s aluminium smelters operating rates in primary production hubs, including Shandong, Xinjiang, and Inner Mongolia, stood robust in March 2023. The amalgamated installed aluminium capacity in these three provinces was 20.65 million tonnes, nearly half of China’s total. As of April 20, China witnessed 930,000 tonnes of aluminium capacity resumption and 212,000 tonnes of newly commissioned. Combining the two, China had an aluminium capacity of 1.14 million tonnes, which could almost negate the effects of the 1.2 million tonnes of aluminium capacity cut. China’s aluminium production in March (31 calendar days) also showed an improvement of 10.35 per cent M-o-M from 3.09 million tonnes to 3.41 million tonnes. Total output in the first...
India’s aluminium scrap, finished and semi-finished products exports in March 2023 reflected month-on-year and year-on-year growth of 11 per cent and 15 per cent, respectively, to reach 213,960 tonnes. A month ago, India exported 193,214 tonnes of aluminium and a year earlier, the country shipped 185,687 tonnes. Turkey was the largest importer from India in March as the former relies heavily on imports for having minimal domestic production. Turkey hauled 31,224 tonnes in March, followed by the Netherlands importing 30,288 tonnes and South Korea 22,326 tonnes. India’s exports of aluminium semi-finished products in the said month were 180,394 tonnes, up by 8 per cent M-o-M from 166,308 tonnes. Of the total semi-finished exports in March, aluminium ingots accounted for 146,040 tonnes,...
Century Aluminium, a US-based primary aluminium producer with smelters in Kentucky, South Carolina, and Iceland, announced its first quarter 2023 financial and operational results on Monday, May 8, 2023. The company released that its net sales increased by 4.25 per cent quarter-on-quarter from $529.9 million to $552.4 million, in line with the growth in shipments by 11,694 tonnes. According to the data revealed, shipments in Q1 2023 hiked from 169,471 tonnes to 181,165 tonnes, sequentially. Century reported a net loss of $38.6 million for Q1 2023, improved by $74.9 million from the previous quarter. The company’s finances were affected by $27.3 million of net exceptional items, in particular $47.8 million of unrealized losses on derivative instruments, and $5.4 million in curtailment...
According to a recent report, Aluminium Bahrain B.S.C. (Alba)’s Chairman of the Board of Directors, Shaikh Daij bin Salman bin Daij Al Khalifa, welcomed Mr Ni Ruchi, the Ambassador of People’s Republic of China to the Kingdom of Bahrai, at Alba's premises on May 7, 2023. Alba’s Chief Executive Officer Ali Al Baqali and the officials from the Chinese Embassy in Bahrain, like Mr Li Baoan, Economic and Trade Counsellor and Mrs Wang Zhen, Second Secretary, were also present during the meeting. Commenting on this occasion, Alba’s Chairman of the Board of Directors said, “We are pleased to welcome HE Mr. Ni Ruchi and shed light on Alba’s role in the global aluminium industry and contribution to Bahrain’s economy. We look forward to boosting further cooperation and developing new commercial...
Google, the world’s leader in the search engine, plans to transform the search on its platform. The new avatar of the search engine will be more “visual, snackable, personal and human”. As mentioned in a recent report by The Wall Street Journal, the technology /giant will transform how the search engine presents the data to the audience with more AI-based conversations, trim video clips and social media posts, etc. This is expected to give a better experience to the person searching for information and will make the search activities more interactive, relevant and exciting. To search, users may have multiple steps to take, but this mechanism will reduce that. This move is very relevant when ChatGPT is already transforming how people search for information. Many of those conversational...
According to persons familiar with the issue, the government of India will likely begin informal negotiations with Vedanta about Balco's future stock market listing before making a solid recommendation to the aluminium company's board. The government of India still holds a 49 per cent stake in Balco after divesting a 51 per cent stake in 2001 to Sterlite Industries, a subsidiary of Vedanta. According to the people quoted, the government of India wants Vedanta to list Balco so that it can sell a portion of its stake through an IPO before quitting the business later. However, it was reported in March 2023 that the mining ministry sought further advice from Dipam on the roadmap for the disinvestment of Balco, which has been in the works for some years. Upon finalizing this, the process of...
China’s social inventories of primary aluminium across eight major consumption areas, including SHFE warrant, recorded a fall of 18,000 tonnes week-on-week to stand at 835,000 tonnes as of Thursday, May 4, found the Shanghai Metals Market data. On a year-on-year calculation, aluminium ingot inventories on May 4 registered a downfall of 197,000 tonnes. According to market players and warehouse operators, the main reason for the destocking was lower arrivals. Pre-holiday stocking was below expectations in many regions of China. Wuxi led the overall decline, also contributed by Hangzhou, Gongyi, and Linyi. To know the current status of China’s primary aluminium inventories in more detail, refer to the chart below: In Wuxi, primary aluminium inventories plunged by 24,000 tonnes this week to...
Norsk Hydro reported first-quarter results for 2023, which ended March 31, indicating a 4.11 per cent year-on-year increase in revenue from NOK 46,616 million to NOK 48,534 million, driven by a steady LME aluminium pricing that began the quarter at US$2,378 per tonne and concluded at US$2,413 per tonne. Egypt Aluminium Company (Egyptalum) declared a net profit (after tax) of EGP 3.916 billion from July 2022-March 2023 on Wednesday, May 3. Surprisingly, the company's net profit exceeded its yearly goal of 3.02 billion in only nine months, representing a year-on-year increase of 131.94% from EGP 1.688 billion. Aluminium Bahrain B.S.C. (Alba), the world's biggest aluminium smelter outside of China, reportedly earned US$126.2 million (BD47.5 million) in the first quarter of 2023, which ended...
The sole producer of primary aluminium in the Argentine Republic, Aluar Aluminio Argentino, has engaged Bomchil to issue US$100 million worth of notes. Bomchil is a highbrow firm with considerable clout in the Argentine legal industry and beyond. Since its inception, it has tripled its aluminium production capacity of 140,000 tonnes thanks to a constant investment plan. The aluminium company enables it to export the remaining 70 per cent to nations like the United States while providing the local market with about 30 per cent of the total volume produced, including the United States, Brazil, Japan, and Germany. Most of Aluar's operations are carried out in the primary segment, with a primary aluminium production capacity of 460,000 tonnes per year at its Puerto Madryn plant. AL Circle’s...
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China, has reportedly booked a profit of US$126.2 million (BD47.5 million) for the first quarter of 2023 ended March 31. The profit dwindled by 68 per cent year-on-year from US$390.4 million (BD146.8 million). The company’s Basic and Diluted Earnings per Share stood at fils 34 in 1QCY2023 versus fils 104 during the same period of the previous year. Alba’s total comprehensive income during the said period also registered a sharp fall of 71 per cent year-on-year from US$415 million (BD156 million) to US$120.7 million (45.4) million. Gross profit shrank by 55 per cent from US$473.4 million (BD 178 million) to US$212.4 million (BD79.9 million). Alba also reported a 19 per cent drop in revenue from contracts with...
Aluminij, the Bosnia-based aluminium producer, has signed a deal with Glencore and Duferco to produce 100 per cent green products. Under the agreement with Glencore, a 60-megawatt (MW) solar power plant and an aluminium recycling facility will be built. As per the reports, the total deal is valued at 250 million Bosnian marka ($141.2 million). According to Amir Gross Kabiri, the CEO and Founder of Aluminji, the agreement with Duferco will include constructing a new facility for green aluminium manufacturing for the automotive sector and aluminium wire manufacture. Both the projects are expected to be completed by 2025. Aluminij was the first firm in the Western Balkans to complete the Carbon Footprint Certification procedure, demonstrating compliance with CO2 footprint requirements...
LME aluminium opened at US$2,320 per tonne on Thursday, with its high and low at US$2,334.5 per tonne and US$2,284 per tonne, respectively, before closing at US$2,295.5 per tonne, a drop of US$25.5 per tonne or 1.1 per cent. On May 4, Thursday, the LME aluminium cash bid price anchored at US$2,296 per tonne, with a fall of US$33 per tonne or 1.42 per cent and the LME aluminium official settlement price settled at US$2,297 per tonne, with a similar accounted plunge. The 3-month bid price witnessed a US$36 per tonne or 1.54 per cent drop to settle at US$2,306 per tonne, and the 3-month offer price shed US$35 per tonne or 1.49 per cent, resting at US$2,308 per tonne. December 24 bid price and December 24 offer price halted at US$2,483 per tonne and US$2,488 per tonne, with a slump of US$35...
