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 Monday, April 10, China’s A00 aluminium ingot price opened the week with a drop of RMB 50 per tonne to halt at RMB 18,620 per tonne, with the spot contract price expected to be traded at a discount price of RMB 50 to RMB 10 per tonne. The average prices are expected to range between RMB 18,600 per tonne and RMB 18,640 per tonne. The prices in Gongyi and Wuxi have slumped by RMB 60 per tonne to halt at RMB 18,540 per tonne and RMB 18,610 per tonne. In Foshan and Tianjin, the A00 aluminium ingot prices have dropped by RMB 50 per tonne to peg at RMB 18,750 per tonne and RMB 18,620 per tonne. The A00 aluminium ingot prices in Chongqing, Shenyang and Linyi have fallen by RMB 40 per tonne to clock at RMB 18,760 per tonne and RMB 18,650 per tonne. The price in Huzhou has slipped by RMB 30 per...
On April 10, today, the SHFE aluminium benchmark price has clocked at US$2,715 per tonne, with a slight escalation of US$3 per tonne or 0.11 per cent. The SHFE aluminium price has been hovering around the average price of US$2,708.80 throughout the first week of April, with traits of remaining close to the US$2,700 per tonne mark at the beginning of the month. At last Friday’s night session, the most-traded SHFE 2305 aluminium contract opened at RMB 18,695 per tonne, with its lowest and highest prices at RMB 18,675 per tonne and RMB 18,730 per tonne before closing at RMB 18,720 per tonne, up RMB 40 per tonne or 0.21 per cent. SHFE 2305 aluminium prices closed at RMB 18,690 per tonne, up 0.51 per cent or RMB 95 per tonne. The open interest added 207 lots to 203,665 lots. LME aluminium...
The New Zealand Aluminium Smelter (NZAS) and Meridian Energy are expected to sign a new agreement specifying flexible power demand from the smelter amid grid stress or hydro scarcity, according to a report on April 5. On Thursday, April 6, both LME aluminium cash bid price and LME aluminium official settlement price dipped by US$5.5 per tonne or 0.23 per cent to settle at US$2,300 per tonne and US$2,300.50 per tonne. By introducing the Online Performance System (OPS) for its Power Stations, Aluminium Bahrain B.S.C. (Alba) has accomplished another step in its Industry 4.0 transformational journey. Samuel Abu Jinapor, Ghana's Minister of Lands and Natural Resources, stated on Tuesday, April 4, that he anticipated that a thorough development of an integrated aluminium industry, with a...
Samuel Abu Jinapor, the Minister for Lands and Natural Resources of Ghana, has invited the investor community to fund Ghana’s integrated aluminium industry. He has appealed to the investor community to consider Ghana’s stable democracy, steady economy, and resilient democratic institutions for investing. On behalf of the Ghanaian President Nana Addo Dankwa Akufo-Addo, Mr Jinapor said in a statement at the ongoing Fastmarkets Bauxite and Aluminium Conference on Wednesday, April 5, “Our commitment remains making Ghana the mining hub of Africa, and use mining as the impetus for sustainable development, and we will continue to engage relevant stakeholders for the benefit of the people of Ghana.” The minister at the conference highlighted the success of Ghana Bauxite Company (GBC), Ghana...
Press Metal Aluminium Holdings Bhd (Press Metal) has received an export order of aluminium ingots priced at RM110 million from Hong Kong's Daching Enterprises Ltd (Daching). The company has forged a five-year contract ensuring a similar export deal worth RM670 million with the latter. In a press release addressed to the audience, the Malaysia External Trade Development Corporation (MATRADE) explained how the contract was signed during a meeting held on April 4. The Minister of International Trade and Industry (MITI), Tengku Datuk Seri Zafrul Tengku Abdul Aziz, hosted the meeting and emphasised the Trade and Investment Mission he led. The director of Daching and chairman of Xiamen Xiashun Aluminium Foil Co Ltd, Simon Chan, illustrated how the group wishes to continue its product sourcing...
According to the officials familiar with the government of India's decision-making team, it has been informed to us that in response to the EU's proposed carbon tax, which might disrupt over $8 billion worth of Indian metal exports to the EU, India is considering slapping retaliatory tariffs on exports from the EU. Exports of aluminium, steel and iron to nations outside the European Union will be subject to increased regulation beginning on October 1, 2023, as part of the EU's Carbon Border Adjustment Mechanism (CBAM), which is commonly termed carbon tax. From October 1, 2023, aluminium, iron and steel exports to European Union countries worldwide will face added scrutiny under the bloc's Carbon Border Adjustment Mechanism (CBAM), or carbon tax. From January 1 2026, suppliers must insert...
LME aluminium opened at US$2,342 per tonne on Thursday, with its high and low at US$2,367 per tonne and US$2,327 per tonne, respectively, before closing at US$2,340 per tonne, a drop of US$0.5 per tonne or 0.02 per cent. On Thursday, April 6, both LME aluminium cash bid price and LME aluminium official settlement price dipped by US$5.5 per tonne or 0.23 per cent to settle at US$2,300 per tonne and US$2,300.50 per tonne. 3-month bid price and 3-month offer price slipped by US$13 per tonne or 0.55 per cent and US$13.5 per tonne or 0.57 per cent to halt at US$2,340 per tonne and US$2,340.50 per tonne. December 24 bid price and December 24 offer price dropped by US$17 per tonne or 0.66 per cent to close at US$2,533 per tonne and US$2,538 per tonne. LME aluminium opening stock settled at...
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 is normally suitable for alloyed aluminium. As per the data, on Thursday, April 6, the aluminium billet inventories surged by 6,100 tonnes W-o-W to score at 164,500 tonnes. This week, there were 5,900 tonnes more billet arrivals in South China, which pressured local merchants to sell and reduced conversion margins. East China's demand decreased significantly, although local billet supplies did not move considerably since several warehouses stopped receiving shipments. The figure below provides further information on the current state of aluminium billet inventories in China: As per the...
In the first two months of 2023, North America produced 613,000 tonnes of primary aluminium, of which 321,000 tonnes was produced in January and 292,000 tonnes in February, found the International Aluminium Institute. The data indicates the output in February fell by 9.03 per cent month-on-month. However, on a year-on-year calculation, North America’s primary aluminium production in February’23 recorded a very marginal growth of 1,000 tonnes from 291,000 tonnes. The production in the first two months of this year also recorded an increase of only 1,000 tonnes from 612,000 tonnes, according to IAI. The daily average output of primary aluminium in North America stood at 10,400 tonnes during February 2023, reflecting no major change from 10,300 tonnes in January. On an annual basis, the...
LME aluminium moved all the way down to a low of US$2,325 per tonne after opening at US$2,372 per tonne on Wednesday, and closed the day at US$2,340.5 per tonne, a drop of US$34.5 per tonne or 1.45 per cent. On April 5, Wednesday, the LME aluminium cash bid price slumped by US$35 per tonne or 1.49 per cent and the LME aluminium official settlement price dropped by US$35.50 per tonne or 1.52 per cent to close at US$2,305.50 per tonne and US$2,306 per tonne. The 3-month bid price and the 3-month offer price plunged by US$40 per tonne or 1.67 per cent halting at US$2,353 per tonne and US$2,354 per tonne, respectively. December 24 bid price and December 24 offer price halted at US$2,550 per tonne and US$2,555 per tonne with a fall of US$33 per tonne or 1.27 per cent. LME aluminium opening...
Aluminium Bahrain B.S.C. (Alba) has reached another milestone in its Industry 4.0 Transformational Journey by launching the Online Performance System (OPS) for its Power Stations. In order to improve Alba's asset reliability, the Online Monitoring System will offer a digital plant performance dashboard and track plant degradation through digital Industry 4.0 and artificial intelligence (A.I.). On April 4, 2023, Ali Al Baqali, the CEO of Alba, attended the inauguration ceremony in the presence of Amin Sultan, the Chief Power Officer and other senior officials in the Power Station department. Speaking on this occasion, the CEO said, “The first step in our journey towards digital transformation is changing how we think and do our business. By integrating Artificial Intelligence and Machine...
According to a report on April 5, the New Zealand Aluminium Smelter (NZAS) and Meridian Energy are likely to sign a new deal agreeing on flexible power demand from the smelter during grid stress or hydro shortage. The news came after Meridian submitted an application on Wednesday with the Electricity Authority, which holds the right to approve the deal within 45 business days. The new deal will give authority to Meridian to ask the smelter cut electricity demand by up to 50 megawatts when the energy system goes through a crisis, such as during winter peak periods or when generation or transmission experiences an outage. In return for the demand cut, Meridian will pay the smelter a fee and an amount per megawatt reduction. The new agreement will be valid until December 31, 2024, like the...
On Tuesday, April 4, both LME aluminium cash bid price and LME aluminium official settlement price contracted by US$39.5 per tonne or 1.65 per cent and US$39 per tonne or 1.63 per cent to settle at US$2,340.50 per tonne and US$2,341.50 per tonne. 3-month bid price and 3-month offer price dropped by US$36 per tonne or 1.48 per cent to peg at US$2,393 per tonne and US$2,394 per tonne. December 24 bid price and December 24 offer price slumped by US$37 per tonne or 1.41 per cent and 1.40 per cent to score at US$2,583 per tonne and US$2,588 per tonne. LME aluminium opening stock settled at 520100 tonnes. Live warrants and Cancelled warrants scored at 418750 tonnes and 101350 tonnes. LME aluminium 3-month Asian Reference Price inched down by US$0.43 per tonne or 0.01 per cent to halt at...
On Tuesday, April 4, Samuel Abu Jinapor, Minister of Lands and Natural Resources of Ghana, revealed his anticipation that a comprehensive development of an integrated aluminium industry, with an estimated bauxite resource base of over 900 million tonnes, would create around 2 million sustainable jobs and generate US$1 trillion of revenue for the country. He said the real benefit of the country’s mineral resources is in the value they add. He stated, for instance, that bauxite sells at around US$40 to US$60 per tonne, while alumina for over US$400 per tonne and primary aluminium for US$2,000 per tonne, on average. Mr Jinapor said all this at a Downstream Aluminium Industry Workshop hosted by the Ghana Integrated Aluminium Development Corporation (GIADEC)at Senchi in the Eastern Region,...
According to the Shanghai Metals Market, China’s social inventories of primary aluminium across eight major consumption areas, including SHFE warrants, stood further down over the weekend by 22,000 tonnes as of Monday, April 3. Thus, SMM data showed the inventories totalled 1.066 million tonnes on April 3 compared to 1.088 million tonnes on Thursday, March 30. On a week-on-week calculation, China’s aluminium ingot inventories on Monday shrank by 44,000 tonnes from 1.11 million tonnes, but up 10,000 tonnes a year ago. As expected, the inventory maintained a downward trend, with smelters raising the share of molten aluminium output, resulting in lesser ingot output. To know more about the current status of primary aluminium ingot across China, refer to the chart below: Wuxi recorded the...
The global aluminium value chain has witnessed the month with several activities. The impacts of the geopolitical crisis on the aluminium industry sustain as of now, and the energy price effect continues to challenge the industry. AlCircle’s latest industry-focused report, “Global Aluminium Industry Outlook 2023” , reveals that high inflation and the economic slowdown will keep the global aluminium demand gloomy, at least during the first half of 2023. However, the resumption of the Chinese economy is showing a positive trend, but its impact may be reflected in the second half of the year. Here are the top stories from each segment for the month: As part of a joint venture, Gränges and Shandong Innovation Metal (group) Technology are on the go for constructing a recycling and casting...
On Monday, April 3, Vedanta Limited, India’s leading multinational mining company, announced that its aluminium and high refined metal production reached record levels in the fiscal year of 2022-23 ended March 31. In a regulatory filing, the company said it produced the highest-ever amount of aluminium at 2.291 million tonnes in FY23, compared with 2.268 million tonnes in the earlier financial year . That reflected a year-on-year increase of 1.01 per cent, attributed to Jharsuguda ramp-up. In the fourth quarter of FY23, Vedanta’s aluminium production amounted to 574,000 tonnes, also up by 1 per cent from 566,000 tonnes in the third quarter. But compared to the same period of the previous year, Vedanta posted a subdued performance as the aluminium output in Q4 FY2022 was at 572,000 tonnes....
LME aluminium opened at US$2,415 per tonne on Monday, with its high and low at US$2,434 per tonne and US$2,385 per tonne respectively before closing at US$2,389 per tonne, a drop of US$28 per tonne or 1.16 per cent. On April 3, Monday, the LME aluminium cash bid price and the LME aluminium official settlement price heightened by US$44 per tonne or 1.88 per cent to close at US$2,380 per tonne and US$2,380.50 per tonne. The LME aluminium price has been maintaining a stability nearing the end of March and a similar stance is visible in the beginning of April. The 3-month bid price skipped upwards by US$54 per tonne or 2.27 per cent, stopping at US$2,429 per tonne and the 3-month offer price soared by US$54.50 per tonne or 2.29 per cent halting at US$2,430 per tonne. December 24 bid price and...
