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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Bharat Aluminium Company Limited (BALCO), one of India’s most significant aluminium producers and a division of Vedanta Aluminium, has circulated a state-of-the-art technology known as T-Pulse Health, Safety, Security and Environment (HSSE) Monitoring System, which uses Artificial Intelligence (AI) to monitor workplace behaviour and warns against unprecedented on-site accidents. Installing the T-Pulse HSSE Monitoring System is another wise initiative BALCO took to encourage the use of high-end technology, augmenting the firm’s abilities. The system can gauge risk in daily operations through a well-integrated web of cameras, AI sensors, edge devices, and hovering drones. This solution will be critical in providing real-time data on prevailing activities within the workplace. This system...
Norsk Hydro announced the first quarter results of 2023 ended March 31, revealing a 4.11 per cent year-on-year rise in revenue from NOK 46,616 million to NOK 48,534 million, driven by the stable LME aluminium price starting the quarter at US$2,378 per tonne and ending at US$2,413 per tonne. But higher raw material costs and lower demand negatively affected the company’s adjusted EBITDA, resulting in a plunge of 33 per cent from NOK 11,165 million in 1QCY2022 to NOK 7,525 million 1QCY2023. However, on a quarter-on-quarter calculation, it increased by 4.75 per cent from NOK 7,184 million. Hydro’s adjusted EBITDA from its bauxite & alumina business slumped 66 per cent Y-o-Y from NOK 1,270 million to NOK 437 million, driven by the sluggish sales volume of alumina and the realized price of the...
Domestic pricing of aluminium alloy ingot ADC12 in India fell by INR 1,000 per tonne W-o-W to INR 200,000 per tonne. Although the present demand and supply situation seems modest, selling pressure in the local markets influences prices. Factors like higher import costs and limited transactions are causing prices to increase. It should also be highlighted that the manufacturing capacity still needs to be more utilized. Prices of imported UK-origin aluminium scrap (Zorba 95-5) remained high despite a significant drop of more than $100 per tonne on the London Metal Exchange. "Prices of 553 grade can increase by up to INR 209,000/t – 210,000/t with payment terms of approximately 45-50 days," said a trade source. "Keeping in mind current demand, silicon can be obtained at INR 206,000-207,000/t...
Shandong Nanshan Aluminium, a China-based aluminium product manufacturer and distributor, is planning to build an electrolytic aluminium factory at its production base in the Galang Batang Special Economic Zone, Indonesia, with an investment of $878 million (RMB 6.07 billion). Electrolytic aluminium is mainly used for power supply. At the new factory, Nanshan Aluminium will produce aluminium ingots, primarily for the South Asian market and the Association of Southeast Asian Nations region. The plant will have an annual output capacity of 250,000 tonnes. Shandong Nanshan Aluminium is headquartered in Longkou City in north-east China and has nearly 18,000 employees worldwide. Its customers include multinationals like Apple, BMW, Boeing, China Commercial Aircraft Corporation, General Motors,...
On Wednesday, May 3, Egypt Aluminum Company (Egyptalum) announced that it booked a net profit (after tax) of EGP 3.916 billion during July 2022-March 2023 period. Interestingly, the company's net profit surpassed its annual target of 3.02 billion in just nine months, marking a surge of 131.94 per cent year-on-year from EGP 1.688 billion . Egypt's largest aluminium producer also posted that it generated revenue of EGP 14.751 billion in nine months - 37 per cent higher than EGP 10.762 billion during the corresponding period of FY2022. The report was shared in an unaudited financial income statement filed with the Egyptian Exchange (EGX). In the first half of FY2023, Egyptalum earned EGP 1.70 billion of net profit after tax compared to EGP 814.15 million during the same period of the...
A preliminary agreement between the European Parliament and Council on a Carbon Border Adjustment Mechanism (CBAM) to combat carbon leakage would have implications for the aluminium trade. The provisional agreement of a transitional phase might be in place by October, but it still needs to be confirmed and approved by EU member states and the European Parliament. The CBAM is intended to strengthen the EU's Emission Trading System (ETS) and contribute to the bloc's aim of reducing carbon emissions by 55 per cent by 2030 and leading to net zero by 2050. CBAM is how the European Commission describes it “landmark tool to put a fair price on the carbon emitted during the production of carbon-intensive goods entering the EU and to encourage cleaner industrial production in non-EU countries”....
LME aluminium opened at US$2,355 per tonne on Wednesday. With its low and high at US$2,316.5 per tonne and US$2,360 per tonne before closing at US$2,322.5 per tonne, a drop of US$33 per tonne or 1.4 per cent. On Wednesday, May 3, both LME aluminium cash bid price and LME aluminium official settlement price descended by US$23.5 per tonne or 0.99 per cent and US$23 per tonne or 0.97 per cent to halt at US$2,329 per tonne and US$2,330 per tonne. 3-month bid price and 3-month offer price dipped by US$11 per tonne or 0.46 per cent and US$12 per tonne or 0.50 per cent to settle at US$2,342 per tonne and US$2,343 per tonne. December 24 bid price and December 24 offer price moved down by US$5 per tonne or 0.19 per cent to peg at US$2,518 per tonne and US$2,523 per tonne. LME aluminium opening...
The three major Indian aluminium producers – Hindalco, Vedanta, and NALCO cut their aluminium prices last week in line with the LME aluminium price fall by US$46.50 per tonne over the week from US$2,388.50 per tonne on April 21 to US$2,342 per tonne on April 28. Hindalco reportedly curtailed INR 5,000 per tonne across all its aluminium prices, including aluminium ingot, wire rod and billet. That brought the company’s aluminium ingot price to INR 223,750 per tonne at the end of the week on April 29 compared to INR 228,750 per tonne on April 22. Hindalco’s aluminium wire rod and billet prices closed the week ended April 29 at INR 235,750 per tonne and INR 237,850 per tonne, as against INR 240,750 per tonne and INR 242,850 per tonne, respectively. Vedanta reduced its aluminium ingot price by...
Following the purchase of an equity stake in Alunorte , the next step for Glencore would be to expand its operations in the aluminium sector. The argument is stronger considering that Glencore's almost seven-million-tonne aluminium supply agreement with Russian manufacturer Rusal, under its parent EN+ Group, expires in 2024. Glencore CEO Gary Nagle said, "Glencore's contract with Rusal is a volume, not term, contract and should end sometime probably towards the second half of next year." Nagle acknowledged that it was signed before the geo-political crisis hit Russia-Ukraine, which caused many Western firms and governments throughout the globe to withdraw from doing business with and in Russia. Glencore owns 10.6 per cent of EN+ Group, which it stated it was assessing last year but...
The Volta Aluminium Company Limited (VALCO) has announced that it might conclude all conversations with a strategic investor before the end of the last quarter of 2023. The state-owned company has been given permission by the Cabinet and its parent company, the Ghana Integrated Aluminium Development Corporation (GIADEC), to seek private capital to improve its operations. Dr Henry Benyah, the Chairman of VALCO's Board, has shared that they have hired a transaction advisor to help them find an investor. They are considering both a joint venture and direct participation as options for investment. They are optimistic that they will reach an agreement by the end of 2023. Dr Benyah exclaimed: "They [transaction advisor] are to manage the process of search and selection for a strategic partner...
On May 2, Tuesday, the LME aluminium cash bid price came in at US$2,352.50 per tonne, with a gain of US$12.50 per tonne or 0.53 per cent and the LME aluminium official settlement price settled at US$2,353 per tonne, moving up US$11 per tonne or 0.47 per cent. The 3-month bid price saw US$11 per tonne or 0.47 per cent growth to settle at US$2,353 per tonne as well, and the 3-month offer price also had a similar spike, resting at US$2,355 per tonne. December 24 bid price and December 24 offer price halted at US$2,523 per tonne and US$2,528 per tonne, with a rise of US$1 per tonne or 0.04 per cent. LME aluminium opening stock witnessed a decline of 2,300 tonnes or 0.4 per cent to anchor at 566,200 tonnes. Live warrants totalled 491,675 tonnes, recording no alteration from the week before May...
There has been a great scientific discovery that might help future quantum physicians to develop feasible technologies, and the most important part is aluminium plays a significant role in that. The study on Y-ball or "strange metal" has revealed that the substance might be critical in producing quantum technologies in the future. Researchers at Rutgers University have laid out theoretical probabilities wherein the Y-ball containing elements like ytterbium, aluminium, and boron can be key to developing such technology. Y-ball, technically known as YbAlB4, which belongs to a clan of "strange metals", is crucial for creating superlative quantum materials. "Strange metals" are elements that do not abide by Fermi's liquid theory, which analyses the attitude of electrons in ordinary metals at...
Global non-ferrous metal prices, including aluminium, witnessed a downfall in April 2023. Despite the fall of aluminium inventories in LME warehouses and also China, prices still remained on the downtrend. The resumption of the Chinese economy during the latter part of the year 2022 anticipated positivity to the industrial market, but the economic slowdown of the Chinese market has resulted, to an extent, in the downfall of the prices. The production cut in China's Yunnan province continues due to the hydropower crisis, as the region has not received sufficient rain as it used to. Weather experts have forecasted this might continue for the year. Inflation and the fear of recession in the Western world might also cause low demand. Sustainability remains a crucial subject in the global...
According to the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) data, Iran’s aluminium ingot production during the calendar year 1401 (ended March 20, 2023) stood at 632,166 tonnes. On a year-on-year calculation, Iran’s primary aluminium output edged an increase of 17.36 per cent from 538,633 tonnes, showed IMIDRO. In the preceding year, Iran’s aluminium ingot output had reflected a rise of 20 per cent. Among the country’s four major producers, South Aluminum Corporation (SALCO) produced the highest aluminium ingot of 270,185 tonnes, followed by Iranian Aluminum Company (IRALCO)’s output of 178,077 tonnes. Almahdi Aluminum Company produced 147,749 tonnes, and Iran Alumina Company churned 36,155 tonnes of aluminium ingot. IMIDRO data indicated that...
In the 17 th week of 2023, non-ferrous metals prices on the London Metal Exchange (LME) stayed negative. However, despite modest transactions, the market started to decline. All major non-ferrous metal stocks at LME-registered warehouses decreased by up to 2.9 per cent week over week. But copper increased by 24.4% to 64,550 tonnes. The dollar index, which evaluates the dollar's value concerning a basket of six foreign currencies, was at 101.67, remaining steady from the previous week. In March, people's income in the United States increased by 0.3 per cent or $67.9 billion, and their disposable income increased by 0.4 per cent or $71.7 billion. People spent slightly more money, with personal consumption rising by less than 0.1 per cent or $8.2 billion. The price of goods and services...
On Thursday, April 27, the domestic aluminium billet social inventory plunged by 10,600 tonnes W-o-W to stand at 142,000 tonnes . Foshan and Wuxi were the primary contributors to the drop in stock, while other locations saw little to no movement in their inventory. This week, the weekly average shipments out of social warehouses in major markets decreased by 3,700 tonnes on a weekly basis, bringing the total to 41,000 tonnes. Most downstream businesses hardly stocked up in preparation for the upcoming Labour Day vacation because they were confident that their raw material supply would be sufficient to maintain output throughout the holiday week. The figure below provides further information on the current state of aluminium billet inventories in China: As per the SMM data, the inventory...
On Friday, April 28, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$38.5 per tonne or 1.67 per cent and US$40 per tonne or 1.73 per cent to settle at US$2,340 per tonne and US$2,342 per tonne. LME aluminium 3-month bid price and 3-month offer price expanded by US$32.5 per tonne or 1.40 per cent and US$34 per tonne or 1.47 per cent to peg at US$2,342 per tonne and US2,344 per tonne. December 24 bid price and December 24 offer price increased by US$35 per tonne or 1.40 per cent to stand at US$2,522 per tonne and US$2.527 per tonne. LME aluminium opening stock came in at 568500 tonnes. Live warrants and Cancelled warrants were recorded at 491675 tonnes and 76825 tonnes. LME aluminium 3-month Asian Reference Price decreased by US$0.18 per tonne to...
The exclusion of aluminium from the strategic raw material list put down by the European Commission has raised fundamental questions about the long-term future of the primary sector. Anna-Michelle Asimakopoulou, the vice-chair of the European Parliament's International Trade Committee (INTA), explained how bauxite has been included, the raw material used in extracting aluminium. At the same time, the 100% per cent recyclable variant has been removed. Alcoa, the eighth largest aluminium producer, records a price hike for declining orders and posts an 18.92 per cent year-on-year revenue fall. The gradually declining state of the western economy has kept a check on the LME aluminium price, with it falling this week by US$86.50 per tonne or 3.62 per cent to rest at US$2,302 per tonne on...
