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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LME aluminium opened at US$2,362 per tonne last Friday and closed at US$2,390 per tonne, up US$28 per tonne or 1.14 per cent. On Friday, April 14, both LME aluminium cash bid price and LME aluminium official settlement price expanded by US$26 per tonne or 1.11 per cent to halt at US$2,355 per tonne and US$2,356 per tonne. 3-month bid price and 3-month offer price were hiked by US$26 per tonne or 0.97 per cent to settle at US$2,387 per tonne and US$2,388 per tonne. December 24 bid price and December 24 offer price grew by US$13 per tonne or 0.50 per cent to peg at US$2,563 per tonne and US$2,568 per tonne. LME aluminium opening stock came in at 530650 tonnes. Live warrants and Cancelled warrants stood at 452950 tonnes and 77700 tonnes. LME aluminium 3-month Asian Reference Price surged by...
Strong know-how, an experience of over sixty years and a tailored range of solutions designed to meet the most demanding requests. This is FIMIGroup, not a simple manufacturer of metal processing equipment and plants, but a high value-added group of companies composed of 3 divisions, 8 sites, and 200 employees with more than 1.500 plants installed worldwide. The core business is the design, construction and start-up of plants for the processing and treatment of coil-rolled metals in different types of material: aluminium, high carbon steel, stainless steel, copper and brass. FIMI product is the result of a process through which the company and the customer are synergically involved, from the first planning phases to the complete development of the plant. The service that FIMI offers its...
Globally, the aluminium industry is facing unprecedented challenges. Light metal demand is primarily driven by the development of transport, energy, electronics, building & construction, and other industries that require increased energy efficiency. There are, however, some issues that need to be taken seriously. These include the environment and climate change, population growth and urbanization, innovations and new products and technologies, to name a few. In the years leading up to 2050, aluminium demand is anticipated to grow by more than 70%-75%, while overall sector emissions are expected to decrease by around 80%. Several aspects of this reduction can be achieved by decarbonizing the power sector, but additional breakthrough technologies are also required. Climate: While Industry...
Kenanga Investment Bank Bhd, a financial institution in Malaysia that offers investment management services, reiterated its "neutral" stance on the carbon emissions tax imposed on the seaports and logistics sectors. Rio Tinto is upgrading its casting facility to add new, cutting-edge machinery such as furnaces, a casting pit, coolers, handling, inspection, sawing, and packing systems. The Egyptian business for Metal Construction (Metalco), according to a report on April 14, 2023, is thinking of constructing a smelter to satisfy domestic and international demand, the company's chief stated in a statement on Friday. Prices for non-ferrous metals on the London Metal Exchange (LME) finished with a mixed trend on April 11, 2023. The price of zinc dropped 0.4 per cent to $2,779/t, while the...
China’s social inventories of aluminium ingot across eight major consumption areas, including SHFE warrants, decreased by 72,000 tonnes week-on-week to come below 1 million tonnes on Thursday, April 13, found the Shanghai Metals Market survey. Data shows the inventories totalled 966,000 tonnes this week versus 1.038 million tonnes on April 6 and 1.006 million tonnes on April 10 . A week earlier, primary aluminium inventories registered a weekly fall of 50,000 tonnes. So far this month, aluminium ingot inventories have lost 121,000 tonnes of stock, reaching the lowest level compared to the same period of the past five years. The low inventory of aluminium ingots is partly associated with a growing proportion of molten aluminium in smelters’ total output. To know more about the current...
The domestic prices of aluminium alloy ingot ADC12 in India remained stable w-o-w at INR 197,000/t. Despite the start of the new fiscal year, the stability was attributed to modest buying demand. While established market players' output levels have stayed basically stable, there is considerable selling pressure as producers give slight discounts to their usual trade associates. Additionally, the material's future bookings are still on the low side, suggesting that demand may be slowing down. However, a north India-based original equipment manufacturing (OEM) source informed, "Most of the participants expect that alloy ingot demand may rebound in the near term." The die- casting industry currently needs more capacity utilisation due to introduction of new technologies in the automobile...
The countdown begins for our Global Aluminium Expo 2023, and here’s a gentle reminder for participation. This year, the team AlCircle is organizing and hosting the fourth edition of the virtual event scheduled on April 18-20, from 11 AM to 7 PM (GMT). So, 3 days to go to our 3-day event where you can meet and greet aluminium industry players from the value chain and explore business opportunities. Some eminent companies have already confirmed their participation in our event as exhibitors and sponsors, such as Sohar Aluminium, Vedanta, NALCO, TAHA, Alumex, Vimetco Extrusion,Qatalum, EPIQ Machienerie, Runaya, and many more. To feature your name in this list, reach us at events@alcircle.com . All exhibitors, sponsors, and participants are assured of having a real-life experience right at...
According to a report on April 14, 2023, the Egyptian company for Metal Construction (Metalco) is contemplating building a smelter to meet local and overseas demand, its chief said in a statement on Friday. The project will cost about $2.7 billion for building a capacity of 600,000 tonnes, said Metalco’s CEO Mohammed Al-Saadawi. As per the report, the company is currently negotiating with a potential partner for the project. Arabic Daily Addustour quoted CEO saying the company is evaluating two possible sites for the smelter – the Norther Port Said and Golden Triangle economic zone on the Eastern Red Sea flank of Egypt. “We expect to reach an agreement for the project soon…investments in this project are estimated at $2.7 billion and there are many ways to secure funding,” Saadawi said...
According to the Shanghai Metals Market survey, China’s aluminium production in March 2023 (31 calendar days) stood at 3.41 million tonnes, registering an increase of 10.35 per cent month-on-month from 3.09 million tonnes. The data indicates that the monthly rise in March output brought it to the level of January when the domestic aluminium production was 3.42 million tonnes . On an annual basis, China’s aluminium production in March’23 increased by 2.87 per cent from 3.315 million tonnes . China’s aggregate output of aluminium in the first three months of 2023 totalled 9.92 million tonnes, up 4.8 per cent from a year ago. However, the daily average output in March dipped 400 tonnes from the previous month to come in at 110,000 tonnes as enterprises in Yunnan reduced production, and the...
LME aluminium opened at US$2,330.5 per tonne on Thursday, with its high and low at US$2,385 per tonne and US$2,321 per tonne respectively before closing at US$2,363 per tonne, an increase of US$39 per tonne or 1.68 per cent. On April 13, Thursday, the LME aluminium cash bid price came in at US$2,329 per tonne, with a noticeable augmentation of US$71 per tonne or 3.14 per cent and the LME aluminium official settlement price settled at US$2,330 per tonne, heightening by US$71.50 per tonne or 3.16 per cent. The 3-month bid price escalated by US$62.50 per tonne or 2.71 per cent to settle at US$2,364 per tonne, and the 3-month offer price went up the graph by US$63 per tonne or 2.74 per cent halting at US$2,365 per tonne. December 24 bid price and December 24 offer price halted at US$2,550 per...
On April 11, 2023, the non-ferrous metals prices on the London Metal Exchange (LME) closed a mixed trend. The three-month aluminium futures contract fell 1.3 per cent to $2,302/t, while zinc prices fell 0.4 per cent to $2,779/t. Lead dropped 0.4% to $2,087/t. In the meantime, nickel prices climbed 2.9 per cent to $23,472/t. Copper futures inched up by 0.6 per cent, closing at $8,854/t. According to the Bureau of Labour Statistics, the US has released its March Consumer Price Index (CPI). The re-opening of the Chinese economy has delivered a positive note to the global metal industry. The nation contributes to around 57-60 per cent of world aluminium production. AlCircle’s latest industry-focused report, ‘ Global Aluminium Industry Outlook 2023 ’, unveils that the demand for the primary...
According to a report on Thursday, April 12, Rio Tinto has started the construction work for a capacity increase to casting low-carbon, high-value aluminium billets by 202,000 tonnes at Alma smelter, Quebec. Rio Tinto is expanding its existing casting centre to include new state-of-the-art equipment such as furnaces, a casting pit, coolers, handling, inspection, sawing and packaging systems. The newly expanded centre is scheduled to begin operation in the first half of 2025. The report states the project involves an investment of C$240 million. It also states the facility will use renewable hydroelectric power to make aluminium billets. Rio Tinto expects the expansion will make the company more capable of meeting the anticipated growing demand for aluminium billets from North American...
LME aluminium opened at US$2,306.5 per tonne on Wednesday, with its high and low at US$2,333 per tonne and US$2,290.5 per tonne, respectively, before closing at US$2,324 per tonne, an increase of US$21 per tonne or 0.91 per cent. On Wednesday, April 12, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$9 per tonne or 0.39 per cent and US$9.5 per tonne or0.41 per cent to settle at US$2,258 per tonne and US$2,258.50 per tonne. 3 month bid price and 3-month offer price went down by US$5.5 per tonne or 0.23 per cent and US$6 per tonne or 0.25 per cent to score at US$2,301.50 per tonne and US$2,302 per tonne. December 24 bid price and December 24 offer price moved down by US$2 per tonne to halt at US$2,495 per tonne and US$2,500 per tonne. LME...
According to the Shanghai Metals Market, social inventories of primary aluminium in China across eight major consumption areas dropped 32,000 tonnes at the beginning of the week on April 10, 2023. Thus, according to SMM, the inventories totalled 1.006 million tonnes. On a week-on-week basis, the inventories fell 60,000 tonnes from 1.066 million tonnes. So far this month, China’s primary aluminium inventories lost 81,000 tonnes of stock. The downfall could be attributed to a decline in the proportion of aluminium ingot output, which caused fewer arrivals of ingots in major markets. To know the current status of primary aluminium inventories across China, refer to the chart below: Contributing the highest to the downfall of primary aluminium inventories on Monday, Wuxi experienced a loss of...
LME aluminium prices opened at US$2,337.5 per tonne with the highest point of US$2,344 per tonne and the lowest point of US$2,296 per tonne and finally closed at US$2,303 per tonne, a decrease of US$37 per tonne or 1.58 per cent from the previous trading day. On April 11, Tuesday, the LME aluminium cash bid price came in at US$2,267 per tonne, with a loss of US$33 per tonne or 1.43 per cent and the LME aluminium official settlement price settled at US$2,268 per tonne, dropping by US$32.50 per tonne or 1.41 per cent. The 3-month bid price plunged by US$33 per tonne or 1.41 per cent to settle at US$2,307 per tonne, and the 3-month offer price dived by US$32.50 per tonne or 1.39 per cent halting at US$2,308 per tonne. December 24 bid price and December 24 offer price halted at US$2,497 per...
A Malaysian financial company providing investment management services, Kenanga Investment Bank Bhd, reasserted its “neutral” stand on the carbon emissions tax levied upon the seaports and logistical sectors. The bank claims that the EU’s Carbon Border Adjustment Mechanism (CBAM) can negatively affect the growth of these industrial sectors. The World Trade Organisation forecasts the global merchandise trade volume will increase by 1 per cent this year, a stark fall from the 3.5 per cent augmentation recorded in 2022. Kenanga Investment Bank Bhd states: “This does not augur well for seaport operators like Westports Holdings Bhd,” directing a “markets perform” call at a targeted price of RM3.65 on the counter. The investment bank seems to be positive about the growth of Bintulu Port...
On Tuesday, April 11, the SHFE aluminium benchmark price contracted by US$37 per tonne or 1.36 per cent to halt at US$2,678 per tonne. SHFE 2305 aluminium closed down RMB 25 per tonne or 0.13 per cent at RMB 18,615 per tonne. The open interest dipped from 1,968 lots to 201,697 lots. At Monday’s night session, the most-traded SHFE 2305 aluminium contract opened at RMB 18,605 per tonne, with its lowest and highest at RMB 18,570 per tonne and RMB 18,645 per tonne before closing at RMB 18,620 per tonne, up RMB 5 per tonne or 0.03 per cent. LME aluminium price The LME market was closed on April 7 for Good Friday and will remain closed till Monday, April 10. On April 6, Thursday, both LME aluminium cash bid price and LME aluminium official settlement price had closed at US$2,300 per tonne and...
According to a recent report, Egypt Aluminium, popularly known as Egyptalum, has set a target for the fiscal year 2023-24, which includes a plan to achieve EGP 3.12 billion in net profit after tax. This marks an increase of 3.31 per cent from the previous year’s target of 3.02 billion. Egyptalum has also aimed to generate sales up to EGP 26.60 billion at the end of FY2024 (June 30, 2024), up by 29.76 per cent from the previous year’s 20.50 billion. These targets were set by the board members during the meeting of estimated budget for FY2023-24 on April 6, 2023. In the first half of FY2022-23, Egyptalum earned EGP 1.70 billion in net profit after tax compared to EGP 814.15 million during the same period of the previous year. Revenues also grew during H1 FY2023 to EGP 8.35 billion from EGP...
