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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The global mining and metal giant Rio Tinto has released its 2022 Taxes and Royalties Paid Report, showing that $10.8 billion was paid as taxes and royalties. This is the third-highest annual global taxes and royalties paid by Rio Tinto since it published its first Annual Taxes Paid report for 2010. However, this compares to $13.3 billion in 2021, during a period of exceptionally high commodity prices. About half of the company's assets are located in Australia, including bauxite mining, alumina refinery and aluminium smelting, where taxes and royalties totalled $8.5 billion (A$12.3 billion) in 2022, down from $11.1 billion (A$14.8 billion) in 2021. In addition to Canada ($718 million), where also Rio Tinto has aluminium smelters, Chile ($678 million), Mongolia ($294 million), and the...
LME aluminium opened at US$2,389 per tonne last Friday, with its high and low at US$2,420 per tonne and US$2,368.5 per tonne, respectively, before closing at US$2,417 per tonne, an increase of US$25 per tonne or 1.05 per cent. On Friday, March 31, both LME aluminium cash bid price and LME aluminium official settlement price slipped by US$7.5 per tonne or 0.32 per cent and 0.31 per cent to settle at US$2,336 per tonne and US$2,336.50 per tonne. 3-month bid price and 3-month offer price fell by US$11 per tonne or 0.46 per cent and US$12.5 per tonne or 0.52 per cent to stand at US$2,375 per tonne and US$2,375.50 per tonne. December 24 bid price and December 24 offer price dropped by US$12 per tonne or 0.46 per cent to peg at US$2,565 per tonne and US$2,570 per tonne. LME aluminium opening...
According to the Shanghai Metals Market survey, China’s social inventories of aluminium billet plunged by 9,600 tonnes week-on-week to settle at 158,400 tonnes as of March 30. The inventories extended downfall at a higher rate this week compared to a drop of 1,500 tonnes in the week ended March 23 . Some warehouses in east China stopped obtaining billet stocks, contributing to lower inventories. Besides, a generous amount of billet stocks directly arrived at downstream processing plants instead of social warehouses, which also contributed to the weekly inventory downfall. To know more about the current status of aluminium billet inventories across China, refer to the chart below: Wuxi and Huzhou were the two provinces this week that contributed to the fall of aluminium billet inventories....
In Russia & Eastern Europe, primary aluminium production during February 2023 stood at 310,000 tonnes, reflecting a month-on-month decrease of 9.88 per cent, according to the International Aluminium Institute. In January, the output was 344,000 tonnes, negligibly up from 343,000 tonnes in the previous month. Also, on a year-on-year calculation, Russia & Eastern Europe’s primary aluminium production recorded a decline of 4,000 tonnes or 1.27 per cent from 314,000 tonnes. In the first two months of 2023, the output in Russia & Eastern Europe totalled 654,000 tonnes, down by 1.36 per cent from 663,000 tonnes during the corresponding period of the previous year. Meanwhile, despite the monthly fall in Russia & Eastern Europe’s primary aluminium output during February, average daily production...
At this moment, the primary sector is the most vulnerable area in the aluminium value chain, with the global energy crisis at its peak and the Russia-Ukraine crisis causing enough turfs in the economic conditions. Last week, there were reports of China facing a recurring energy shortage in the southwest, due to which the world’s largest aluminium producer restrained its production in Yunnan Province, the core of south China’s aluminium industry. The Government of India announced the disownment of its remaining stake in BALCO, which is now partially owned by Sterlite Industries Ltd, a unit of Vedanta Ltd. The LME aluminium price grew US$33 per tonne to begin the week at US$2,298 per tonne and kept increasing gradually to halt at US$2,344 per tonne on March 30, with a US$46 per tonne spike...
India’s top three aluminium players – NALCO, Hindalco, and Vedanta have elevated their aluminium ingot and aluminium products this week in tandem with the LME aluminium benchmark price hike. NALCO this week, with effect from Tuesday, March 28, lifted its aluminium ingot price by INR 5,600 per tonne or 2.6 per cent to INR 221,450-224,950 per tonne versus INR 215,850- 219,350 per tonne on March 18. NALCO’s aluminium wire rod and billets prices also experienced an increase of INR 5,600 per tonne from the previous prices , settling INR 225,950-230,300 per tonne and INR 225,900-228,550 per tonne, respectively. Hindalco’s aluminium ingot price saw two consecutive hikes this week on March 28 and March 30 by INR 3,500 per tonne and INR 6,000 per tonne, respectively. With the two successive hike,...
Glencore, the Swiss multinational commodity trading house, has unloaded more than 100,000 tonnes of aluminium at the LME-registered warehouses in the South Korean port of Gwangyang, as reported by one of the world's largest news agencies. Several buyers and consumers in the transport, packaging and construction sectors have opted to renew their contracts to procure Russian aluminium. However, some declined due to the Ukraine-Russia geopolitical crisis. On the other hand, only some metal producers are anxious that the huge quantities of undesired Russian aluminium stored in LME warehouses will weaken the benchmark prices on the exchange. A few weeks back, Glencore delivered 40,000 tonnes of aluminium produced in Russia, adding its deliveries to LME warehouses in Gwangyang to the least...
According to the Shanghai Metals Market, China’s social inventories of aluminium ingot further lost 38,000 tonnes over a week across the eight major consumption areas, including SHFE warrants, to stand at 1.09 million tonnes as of Thursday, March 30. But it is to be noted that the weekly decline slowed down from the drop of 85,000 tonnes in the week of March 20-26. The reason behind the back-to-back primary aluminium inventory fall is high aluminium prices, limited increase in downstream operations, and a lack of confidence for future orders, resulting in downstream buyers being cautious about buying. Output cuts by smelters and an increased share of molten aluminium threatening the production of ingots could extend the destocking of primary aluminium inventories till April. Compared to...
LME aluminium opened at US$2,380.5 per tonne on Thursday, with its high and low at US$2,400 per tonne and US$2,369.5 per tonne respectively before closing at US$2,386.5 per tonne, an increase of US$3.5 per tonne or 0.15 per cent. On March 30, Wednesday, the LME aluminium cash bid price and the LME aluminium official settlement price slumped by US$22 per tonne or 0.93 per cent to close at US$2,343.50 per tonne and US$2,344 per tonne. The 3-month bid price dropped down by US$23.50 per tonne or 0.97 per cent, stopping at US$2,386 per tonne and the 3-month offer price plunged by US$22 per tonne or 0.91 per cent halting at US$2,388 per tonne. December 24 bid price and December 24 offer price halted at US$2,577 per tonne and US$2,582 per tonne with a decline of US$16 per tonne or 0.61 per cent....
The American University in Dubai is announced as a winner of EGA’s this year’s AI Robot competition. Al Robot is an annual competition hosted by EGA, challenging students from UAE universities and higher education institutions to design and make prototype industrial robots for use at EGA’s aluminium smelters. The winning team members from American University in Dubai were Mostafa Aboelnaga, Mohammad Rashwan, Mohammad AlHadi, Yassin Abdelmeguid and Bilal Serieh. This year, EGA hosted the fifth edition of competition, throwing a challenge to design and build a robot that can measure the thickness of materials within EGA’s reduction cells. This gave a chance to students to apply their academic knowledge in the field of robotics and automation and develop a practical solution for the...
LME aluminium opened at US$2,383 per tonne on Wednesday, with its high and low at US$2,423 per tonne and US$2,366.5 per tonne, respectively, before closing at US$2,380 per tonne, an increase of US$2.5 per tonne or 0.1 per cent. On Wednesday, March 29, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$51.5 per tonne or 2.22 per cent and US$51 per tonne or 2.20 per cent to halt at US$2,365.50 per tonne and US$2,366 per tonne. 3-month bid price and 3-month offer price escalated by US$49.5 per tonne or 2.09 per cent and US$49 per tonne or 2.07 per cent to halt at US$2,409.50 per tonne and US$2,410 per tonne. December 24 bid price and December 24 offer price came in at US$2,593 per tonne and US$2,598 per tonne after recording an expansion of US$40 per...
The surge in global aluminium output coincided with growing concerns that an economic slowdown would reduce demand for the metal. Europe's industrial economy suffered greatly due to the geopolitical-induced energy crisis. Fears of a recession were raised in the US due to inflation and rising interest rates. Furthermore, currency fluctuations have dented aluminium prices. The aggressive escalation of interest rates by the Federal Reserve to fight inflation has increased the US dollar’s worth relative to other currencies. An increase in the dollar's value impacted the price of aluminium for holders of other currencies because metals are labelled in US dollars on international markets. The challenging economic circumstances from 2022 have persisted into 2023, giving aluminium a gloomy...
The possibility that the United States and its allies would impose economic penalties against Russia's aluminium in response to the ongoing geopolitical issue with Ukraine was one of the biggest unpredictability in the global aluminium sector while driving into 2023. The Russian aluminium industry is vital to the country's defence industrial base. The United States and its allies imposed several economic sanctions on Russia following the geopolitical crisis that started a year back, but none eyed the aluminium sector. It's crucial to recall the incident of 2018 when the White House imposed sanctions on the Russian aluminium giant, Rusal, in response to Russian aggression, including meddling in United States elections. As an outcome, the US froze most of the company's exports, stunned the...
China, the world's largest aluminium producer, is again in a precarious position. In this instance, the primary cause is a problem with the nation's power supply in the southwest. Due to a severe water constraint, the Yunnan province , the centre of southern China's aluminium manufacturing industry, is restricting metal production. The availability of hydroelectric power in the region has also been affected by this deficit. However, industry analysts will determine how this will affect the price of aluminium worldwide. The region's hydroelectric energy-producing capability has considerably decreased, as our sources from China reported. As a result, the province authorities last month delivered a warning to Yunnan aluminium smelters, instructing the businesses to cut their power usage,...
According to China Customs data, China exported 321,300 tonnes of the prebaked anode during January-February 2023. That reflected a year-on-year increase of 1.22 per cent. In January, China exported 189,900 tonnes, which decreased by 30.81 per cent to 131,400 tonnes the following month. Shandong ranked the highest among the Chinese provinces that exported prebaked anode in January and February, supplying 248,000 tonnes in two months. That accounted for 77 per cent of China’s total prebaked anode exports, and grew by 5.89 per cent year-on-year. Coming to the top destinations of China’s exports in the first two months of 2023, Malaysia, Russia and Canada were the top three. Exports to Malaysia were about 97,500 tonnes, accounting for 30 per cent of China’s total exports and up by 32.6 per...
LME aluminium prices finished the day at US$2,382.5 per tonne, a gain of US$17.5 per tonne or 0.74 per cent. On March 28, Tuesday, the LME aluminium cash bid price and the LME aluminium official settlement price soared by US$17 per tonne or 0.74 per cent to close at US$2,314 per tonne and US$2,315 per tonne. The LME aluminium price is on an upward trend after a very long time in March. On March 2, the LME aluminium price recorded the highest bid at US$2,366.50 per tonne, while on March 7 the price came closest to what it was yesterday, pegging at US$2,312.50 per tonne. The 3-month bid price escalated by US$20 per tonne or 0.85 per cent, stopping at US$2,360 per tonne and the 3-month offer price went up by US$20.50 per tonne or 0.87 per cent halting at US$2,361 per tonne. December 24 bid...
The 18th edition of Aluminium China, one of the biggest aluminium trade fairs in the world and a leading indicator of the sector will take place in Shanghai in July. The event, dedicated to advancing the sustainable growth of the global aluminium industry, will bring together new goods, technologies, procedures, and applications from all facets of the aluminium value chain to enable the industry to move in that direction. This will open the door for fresh business opportunities and partnerships that will reshape the future of this important industry. Aluminium China 2023 will co-locate with Asia's Lightweight Automotive Trade Fair, Shanghai International Wheel Industry Exhibition, and Shanghai International Automotive Manufacturing Technology & Materials Exhibition at Shanghai New...
The government of India is likely drawing up to sell its remaining stake in Bharat Aluminium Company Ltd (Balco) in the next financial year, as per reported by a media house. The Chhattisgarh-Korba-based Balco has been privatized now for more than two decades. It has also been stated the Union ministry has already corresponded with the Department of Investment and Public Asset Management (DIPAM) regarding the stake sale roadmap. The latest information floated by the media organisation on a digital platform says, “The mining ministry has now 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 appointing transaction advisers and legal advisers may begin for the share sale plan of...
