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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Major trading companies, domestic consumers, and overseas producers of aluminium ingots have agreed on a price of $130, up 53 per cent ($45) from the previous quarter, for aluminium premiums to Japan for the April–June 2023 period. The premium has reached triple digits for the first time in three quarters. Although all discussions still need to be completed, some manufacturers have offered $145, and the agreed-upon price serves as a benchmark. Usually, March is the time when negotiations for the April–June season are decided. Due to a difference in how producers and consumers perceived suitable prices, they were postponed until mid-April. Initial offers from producers in reaction to the premium hike outside of Japan ranged from $125 to 145. The offer, which increased 71 per cent from the...
Workers organised in Industri Energi and FLT at Hydro Karmøy and Hydro Årdal had gone on strike after the collapse of mediation between NHO, YS, and LO. Alcoa Corporation, the world's eighth-largest aluminium manufacturer, said falling metal-making material prices would eventually reduce production costs in the second quarter of 2023, but aluminium demand would remain robust.Delfzijl, located on the bankrupt Dutch aluminium mill Aldel, will host Europe's biggest battery. In Amstelveen, GIGA Storage BV will construct batteries the size of fifteen football fields that can store more than a gigatonne of electricity. On the other hand, Aluminium Bahrain B.S.C. (Alba), the world's largest aluminium smelter outside of China, achieved a new milestone in Reduction Line 6 by raising production...
This week, during April 17-21, all three Indian aluminium giants – NALCO, Hindalco, and Vedanta have elevated their aluminium ingot and aluminium products prices. Starting with NALCO, the company hiked its aluminium prices by INR 10,100 per tonne since April 7. In two-week time, its aluminium ingot price escalated from INR 220,650-224,150 per tonne to INR 230,750-234,250 per tonne as of April 21. Aluminium wire rod price leaped from INR 226,650-231,000 per tonne to INR 236,750-241,100 per tonne, and the aluminium billets price from INR 225,100-227,750 per tonne to INR 235,200-237,850 per tonne. NALCO expanded its aluminium prices over the past two weeks in response to the LME aluminium price rally from US$2,300.50 per tonne on April 6 to US$2,410 per tonne on April 20. Hindalco...
LME aluminium opened at US$2,445 per tonne on Thursday and closed at US$2,422 per tonne, down US$23 per tonne or 1.12 per cent. On Thursday, April 20, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$28 per tonne or 1.17 per cent to settle at US$2,409.50 per tonne and US$2,410 per tonne. 3-month bid price and 3-month offer price grew by US$29 per tonne or 1.20 per cent to score at US$2,430 per tonne and US$2,431 per tonne. December 24 bid price and December 24 offer price gained US$22 per tonne or 0.85 per cent to reside at US$2,597 per tonne and US$2,602 per tonne. LME aluminium opening stock came in at 572275 tonnes. Live warrants and Cancelled warrants settled at 503525 tonnes and 68750 tonnes. LME aluminium 3-month Asian Reference Price...
A billet is one of the most widely used aluminium product forms globally. Billets are created directly through continuous casting or extrusion or indirectly through hot rolling an ingot or bloom. The billet usually is suitable for alloyed aluminium. As per the data, on Thursday, April 20, the aluminium billet inventories has nosedived by 7,000 tonnes W-o-W to score at 152,600 tonnes. Shipments from social warehouses started to increase last week, while transit in Xinjiang was hampered, causing inventories to fall. SMM will closely monitor when transport in Xinjiang completely recovers and changes in downstream operating rates. The figure below provides further information on the current state of aluminium billet inventories in China: The aluminium billet inventories recorded a dropdown in...
Alcoa Corporation, the world’s eighth-largest producer of aluminium, said lower prices of ingredients they use for metal-making would eventually reduce the production costs in the second quarter of 2023, while aluminium demand would stay robust. Favourable raw materials, substantial output volume, and lessened production cost will jointly boost Alcoa’s earnings in the second quarter, expects the Pittsburgh-based company in a statement on April 19. Alcoa has also revealed its aluminium shipment outlook for 2023, stating that it may range between 2.5 million tonnes and 2.6 million tonnes. Aluminium prices have increased slightly over 2 per cent in 2023, given the steady demand for the lightweight metal amid challenges like higher borrowing rates, fear of China’s slow return from the...
Here we ring the last bell to the “Global Aluminium Expo 2023” as we reach the final day. Thank you for your generous participation in the first two days, but before we bid adieu to each other, let’s celebrate the last day together. One more time, let us reunite, share knowledge, and build new relations. We successfully concluded Day 1 and Day 2, with over 2,500 registered attendees. More than 100 video calls took place in two days, 350 business chats were exchanged, and over 1,000 business cards were collected. So what the event is virtual, we are committed to giving you a real-time experience. Hence, the expo is power-packed with advanced technologies, making your visit seamless and memorable. If we missed you the former days at the expo, we would look forward to seeing you today. And...
On 14 April 2023, nonferrous metals prices on the London Metal Exchange (LME) displayed a downward trend. The three-month aluminium futures contract fell 0.8 per cent to $2,367 per tonne, while zinc prices fell 0.7 per cent to $2,837 per tonne. Lead prices fell by 1.1 per cent to $2,146 per tonne. Meanwhile, nickel prices fell 1.8 per cent to $23,698 per tonne. Copper futures rose 0.4 per cent to $9,058 per tonne. AlCircle's latest industry-focused report, “Global Aluminium Industry Outlook 2023” unveils that world aluminium usage, including primary and recycled metal, increased by about 1.9 per cent in 2022 and stood at 95.3 million tonnes. The robust global aluminium market has temporarily been slowed down on account of the recent geopolitical and consequent economic crisis. The ongoing...
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China, has reportedly achieved a new milestone in Reduction Line 6 as its production capacity increased from 540,000 tonnes per annum to 560,000 tonnes per annum, with current consumption grown from 460 kA to 478 kA. This continued growth in Line 6 capacity has further contributed to Alba’s nameplate capacity, bringing it above 1.6 million tonnes per annum. This new milestone will help Alba increase its primary aluminium supply to the downstream sector, which will ultimately boost Bahrain’s economy. Speaking on this achievement, Alba’s Chairman of the Board, Shaikh Daij bin Salman bin Daij Al Khalifa, said: “We have gone bigger with expanding Line 6 nameplate production capacity for the better. This new milestone is...
Three-month LME aluminium opened at US$2,436 per tonne on Wednesday and closed at US$2,450 per tonne, up US$10.5 per tonne or 0.43 per cent. On Wednesday, April 19, the LME aluminium cash bid price decreased by US$18.50 per tonne to stand at US$2,381.50 per tonne, while the LME aluminium official settlement price shrank by US$19 per tonne to amount to US$2,382 per tonne. The 3-month bid price and 3-month offer price edged US$21 per tonne lower on the same day at US$2,401 per tonne and US$2,402 per tonne, respectively, following four consecutive hikes. December 24 bid price and December 24 offer price plummeted by US$20 per tonne to settle at US$2,575 per tonne and US$2,580 per tonne. LME aluminium opening stock slipped 500 tonnes to stand at 573,575 tonnes. Live Warrants and Cancelled...
Welcome to Day 2 of AlCircle's "Global Aluminium Expo 2023". After a successful start on April 18, the second day of the event is assured to be more impactful and memorable, with eminent speakers sharing their thoughts and opinions. Today, you will hear from Sayan Dey, Sr. Officer - Business Strategy of Bhoruka Fabcons Pvt Ltd; Francois Racine, CEO of AluQuébec; Eloise Harvey, CEO of EPIQ Machinery; and Brad Allen, Profile Market Product Manager of iNOEX LLC. They will talk about the industry's trending topics, highlighting developments and impacts anticipated for 2023. Sayan Dey will speak on aluminium applications in EV & Railways, Francois Racine will elaborate on the state of the aluminium industry in Quebec, Eloise Harvey will throw light on the Art of co-operation: a key towards...
LME aluminium opened at US$2,377 per tonne on Tuesday and closed at US$2,439.5 per tonne, up US$26.5 per tonne or 2.82 per cent. On Tuesday, April 18, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$36.5 per tonne or 1.54 per cent to settle at US$2,400 per tonne and US$2,401 per tonne. 3-month bid price and 3-month offer price closed at US$2,422 per tonne and US$2,423 per tonne after recording a surge of US$52 per tonne or 1.96 per cent. December 24 bid price and December 24 offer price shot up by US$50 per tonne or 1.96 per cent to reside at US$2,595 per tonne and US$2,600 per tonne. LME aluminium opening stock settled at 573075 tonnes. Live warrants and Cancelled warrants closed at 500200 tonnes and 72875 tonnes. LME aluminium 3-month Asian...
The continued success of our flagship e-Magazine, "Aluminium LeaderSpeak", has inspired us to publish the fifth edition of it, which in all the e-magazines is the fifteenth edition. " Aluminium LeaderSpeak 2023 " is a well-known platform to enable industry leaders to express thoughts and anticipations on how the year will shape the metal's value chain and their companies. On a bigger note, the industry leaders have spoken about their plans, investments, and forecasts for aluminium in 2023. The geopolitical crisis, sanctions, and the escalation of the energy price in Europe resulted in a reduction in production and also to the extent of closure. However, even after the mentioned facts and the production cap in China, the sector demonstrated growth in 2022. The resumption of the Chinese...
We are elated to announce that the much-awaited Global Aluminium Expo (GAE) 2023 is LIVE now! It is a 3-day event. So starting today, we will celebrate the reunion of the industry till April 20, 2023. AlCircle hosts this virtual expo annually for the aluminium fraternity to let the industry leaders come together on a common platform to demonstrate products and services and share skills, knowledge, and business plans. Thus, this event serves as a golden opportunity to meet and greet aluminium industry stalwarts and expand business networking. Not for no reason, we say, “The event is virtual but the experience is real!” In case you wonder who you can meet from the industry, here is the list of participants: Say now do you want to suffer from FOMO by not attending the global event. Hurry up...
Three-month LME aluminium opened at US$2,386 per tonne on Monday and closed at US$2,372.50 per tonne, down US$17.5 per tonne or 0.73 per cent. On Monday, April 17, both LME aluminium cash bid price and LME aluminium official settlement price expanded at the same rate to reach US$2,363.50 per tonne and US$2,364.50 per tonne, respectively. Data shows the prices gained US$8.50 per tonne or 0.36 per cent, marking the fourth consecutive rise. But 3-month bid price and 3-month offer price slipped by US$17 per tonne on the same day to stand at US$2,370 per tonne and US$2,371 per tonne. December 24 bid price and December 24 offer price shrank by US$18 per tonne, settling at US$2,545 per tonne and US$2,550 per tonne. LME aluminium opening stock dropped 2,300 tonnes to peg at 528350 tonnes. Live...
Delfzijl will be home to the biggest battery in Europe, on the site of bankrupt Dutch aluminium producer Aldel. Amstelveen-based GIGA Storage BV will install batteries the size of fifteen football fields that can store more than a gigawatt-hour of electricity. The result is that more wind and solar farms can be linked to Groningen, Drenthe, and Friesland's high-voltage grid. Ruud Nijs, the CEO of GIGA Storage, said, "In Flevoland, GIGA Storage is already active in storing green energy. These are disproportionate to the plans in Delfzijl. The ambition in Delfzijl is to store more than one-gigawatt hour." A month ago, the first bankruptcy report of Aldel was published. At that point, it became apparent that the port city's aluminium manufacturing would not resume. More than thirty...
According to China customs data, Chinese unwrought aluminium and aluminium semis exports in March 2023 amounted to 497,000 tonnes, bringing the total exports of the first quarter to 1.38 million tonnes. The monthly exports in March’23 registered a year-on-year fall of 16.3 per cent, while the export volume in Q1 decreased by 15.4 per cent. In tandem with the drop in volume, the export value also fell by 23.8 per cent over a year to $4.94 billion in 1Q2023 ended March 31. In the entire year of 2022, China exported 6.6 million tonnes of unwrought aluminium and aluminium semis, up by 17.5 pent Y-o-Y. That stood a new record high, attributed to higher LME aluminium prices than SHFE, leading to better profit from exports. This, coupled with growing overseas demand, boosted China’s aluminium...
Hydro employees organised in Industri Energi and FLT at its Karmøy and Årdal plants will reportedly go on strike from Monday, April 17, given a breach in mediation between The Confederation of Norwegian Enterprise (NHO), the Confederation of the Vocational Unions (YS) and the Norwegian Labor Union (LO). The strike is expected to impact the operations at both Karmøy and Årdal plants; hence, Hydro plans to regulate it by a separate agreement determining how the reduction process will take place responsibly and how both parties will contribute. Per the report, the employees will go on strike gradually as reducing aluminium production will require considerable time and effort from the plant operators. The process is estimated to take several months. In addition to production, the strike will...
