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 Minister of the Public Enterprise Sector of Egypt, Mahmoud Esmat, appreciated the intensely cordial attitude of the UAE toward Egypt, referring to them as a pillar of globalisation. These strong words of friendship were exchanged in Cairo when the Minister entertained the CEO of Emirates Global Aluminium (EGA), Abdul Nasser bin Kalban; the Senior Vice President for Government Relations of EGA, Khaled Buhumaid and the Deputy Ambassador of Egypt in Cairo, Saleh Al Saadi. The meeting mainly aimed at discussing probable investment areas in the mineral and chemical industries by organisations under Egypt’s Ministry of Public Enterprise Sector. Egypt Aluminium Company and EGA were eager to chalk out plans of partnership endeavours they could pick up in the area, creating a new aluminium...
Three-month LME aluminium opened at US$2,283 per tonne and settled at US$2,280 per tonne, down 0.07 per cent. On Thursday, March 16, the LME aluminium cash bid price saw a further drop of US$8 per tonne or 0.36 per cent to stand at US$2,237 per tonne, and the LME aluminium official settlement price decreased by US$8.50 per tonne or 0.38 per cent to rest at US$2,237.50 per tonne. The 3-month bid price slipped by US$9 per tonne to settle at US$2,286 per tonne, and the 3-month offer price shrank by US$8.50 per tonne to close at US$2,287 per tonne. Meanwhile, December 24 bid price and December 24 offer price inched up by US$1 per tonne on March 16 to peg at US$2,508 per tonne and US$2,513 per tonne, respectively. LME aluminium opening stock continued to suffer a loss. As of March 16, the...
Glencore Plc is prepared to back out of a $16 billion agreement to purchase aluminium from Rusal, Russia's top producer, to separate itself from one of its main competitors. As per Gary Nagle, CEO of Glencore, the firm won't extend a contract with Rusal International when it expires next year following its stance of refraining from conducting any new business with Russia. A month after Russia's invasion of Ukraine, the trading business instituted such a policy while upholding previous contracts. Suppose Glencore's main competitors are comfortable dealing with Russian metal that many customers are unwilling to purchase. In that case, the contract's expiration will present a once-in-a-lifetime chance for them to increase their influence in the global aluminium market. Suppose Rusal is...
The NZAS aluminium smelter at TIWAI Point is receiving heavy support from the Great South and Southland Business Chamber. They think it should remain in production because “the jobs and GDP it produces are significantly higher than the alternatives that have been suggested”. Suppose the smelter needs to be saved from an unprecedented closure in 2024. In that case, it is crucial to replace its usual power source with a hydrogen plant that can act as an alternative renewable energy joint for the complete optimisation of the plant. In the middle of 2021, it came into view that Meridian Energy and Contact Energy were indulging in a conglomeration to construct the globe’s largest green hydrogen plant in Southland. This was decided after a feasibility report unveiled that a green hydrogen plant...
The US International Trade Commission's (ITC) most recent report, which revealed that American businesses, not Chinese ones, incurred the majority of the costs associated with Section 232 tariffs on aluminium , prompted a response from the Beer Institute, the oldest national trade organisation that represents the beer industry. The World Trade Organization (WTO) ruled in December 2022 that international trade laws were broken when Section 232 tariffs on aluminium were imposed. This report by the ITC follows the WTO's decision. "Today's ITC report confirms what brewers have known since March of 2018: Section 232 tariffs on aluminum punish American job creators by increasing production costs, which ultimately trickle down to higher prices for consumers. These tariffs have cost the American...
LME aluminium opened at US$2,349 per tonne on Wednesday and sank to US$2,261 per tonne before closing at US$2,281 per tonne, down 3 per cent. On March 15, Wednesday, the LME aluminium cash bid price dropped by US$26 per tonne or 1.14 per cent to clock at US$2,245 per tonne, and the LME aluminium official settlement price also recorded a similar percentage slash, officially settling at US$2,246 per tonne. The 3-month bid price has plunged by US$25 per tonne or 1.08 per cent, stopping at US$2,295 per tonne, whereas the 3-month offer price has decreased by US$25.50 per tonne or 1.1 per cent, closing at US$2,295.50 per tonne. December 24 bid price and December 24 offer price halted at US$2,507 per tonne and US$2,512 per tonne yesterday, with a US$28 per tonne or 1.1 per cent fall. LME...
The Slovenian aluminium producer Talum's decision to close down the primary aluminium production at its smelter will affect 189 workers. However, the company has announced that it will offer 69 workers new job contracts within the group, while 120 employees will be laid off. The group employs a total of 1,453 employees. On March 3, 3023, it was reported that the Slovenian aluminium company Talum will shut down its remaining aluminium electrolytic furnaces in April. Talum plans to shut down its remaining aluminium electrolytic furnaces in April after nearly six decades of producing primary aluminium. The Kidričevo-based company has recently switched to aluminium processing and other more lucrative activities.
The data from the National Bureau of Statistics (NBS) revealed that the primary aluminium output in China, the world's largest aluminium producer, increased to 6.74 million tonnes in January-February 2023 from 6.33 million tonnes in Jan-Feb 2022. According to official data released on Wednesday, China's aluminium production increased 7.5 per cent in the first two months of 2023 as the economy improved and demand expectations rose due to lifting strict COVID-19 controls, marking the greatest output for the two months since at least 2015. Several policy changes to support China's economy and real estate market, along with the lifting of COVID restrictions late last year, have raised expectations for a rise in domestic demand for aluminium used in packaging, transportation, and construction....
Vedanta Limited has lifted its aluminium ingot and aluminium products prices on Wednesday, March 15, after several cuts, in response to the LME aluminium price hike. Vedanta, India's leading aluminium producing company, has added INR 4,500 per tonne to its aluminium ingot price to sell the primary metal at INR 217,000-247,500 per tonne with effect from March 15. On March 14, the price stood at INR 212,500-243,000, dropping by INR 1,500 per tonne from the previous day. Vedanta's aluminium wire rod price has also been raised by INR 4,500 per tonne to INR 224,500-232,000 per tonne on March 15 after being cut by INR 1,500 per tonne to INR 220,000-227,500 per tonne on March 14. Aluminium billet price has come in at INR 226,000 per tonne, up by INR 4,500 per tonne or 2.03 per cent from INR...
LME aluminium opened at US$2,321 per tonne on Tuesday and closed at US$2,352 per tonne, an increase of US$32 per tonne or 1.38 per cent. On Tuesday, March 14, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$35.5 per tonne or 1.58 per cent to close at US$2,271 per tonne and US$2,272 per tonne. 3-month bid price and 3-month offer price closed at US$2,320 per tonne and US$2,321 per tonne, recording a growth of US$34 per tonne or 1.48 per cent. December 24 bid price and December 24 offer price expanded by US$33 per tonne or 1.31 per cent to score at US$2,535 per tonne and US$2,540 per tonne. LME aluminium opening stock settled at 536450 tonnes. Live warrants and Cancelled warrants resided at 427075 tonnes and 109375 tonnes. LME aluminium 3-month...
On Monday, the Investment Information and Credit Rating Agency of India Limited (ICRA) stated that to accomplish the ambitious goal of a 25 per cent reduction in carbon emissions in the next five to seven years and attain net-zero status by 2050, domestic aluminium players will need to significantly enhance their renewable energy or low carbon-intensive power sources. Depending on the mix of renewable energy (RE) utilised, this might need sizeable capital investments of up to USD 5 billion by 2030 and USD 20 billion by 2050, according to an ICRA paper on the primary aluminium business. "Domestic aluminium manufacturers have the highest carbon intensity of nearly 17-20t CO2e/tonne of aluminium, owing to the significant use of coal in generating captive power," said ICRA. Organisations may...
Vedanta Aluminium will reportedly supply industrial wastes like fly ash and spent pot lining to Dalmia Cement for manufacturing low-carbon cement. The two companies have formed a partnership, noting Vedanta’s mega aluminium smelter at Jharsuguda will send around 20 rakes of fly ash per month for five years and spent pot lining for three years to Dalmia Cement’s manufacturing units in Odisha, Chhattisgarh, Meghalaya, and Assam. Vedanta Aluminium has collaborated with India’s many leading cement producers to supply high-quality fly ash for low-carbon cement production. Fly ash is a by-product produced in coal-fired power stations. Owing to inherent cementitious properties, fly ash is a sought-after raw material in the cement industry, improving the overall quality of the cement produced,...
LME aluminium opened at US$2310 per tonne on Monday and fell to US$2,275 per tonne before closing at US$2,320 per tonne, up 0.59 per cent. On March 13, Monday, the LME aluminium cash bid price slumped by US$12.50 per tonne or 0.56 per cent to clock at US$2,235.50 per tonne, and the LME aluminium official settlement price fell by US$12.50 per tonne or 0.55 per cent, officially settling at US$2,236.50 per tonne. The LME aluminium price has recorded the lowest in the month with a gradual declining trait. The 3-month bid price has dropped by US$11 per tonne or 0.48 per cent, stopping at US$2,286 per tonne, whereas the 3-month offer price has decreased by US$10.50 per tonne or 0.46 per cent, closing at US$2,287 per tonne. December 24 bid price and December 24 offer price halted at US$2,502 per...
Aluminium Bahrain B.S.C. (Alba), the world's largest aluminium smelter ex-China, has reportedly announced to have secured sustainable financing loan of BD 1.6 million from the Bank of Bahrain & Kuwait (BBK) for its Solar Farm Project. The news came on March 12, 2023, after Alba's CEO Ali Al Baqali and BBK's Group CEO Dr A Rahman Saif signed the documents at Alba's Al Dana Hall in the presence of other senior officials from both parties. Alba will utilise the financing loan in setting up its Solar Farm with a capacity of more than 6 Megawatts (MW), including the installation of about 11,300 photovoltaic solar panels on the rooftop of Alba car parks, Spent Pot Lining (SPL) Treatment Plant, and other buildings. Ali Al Baqali said, "Our vision goes beyond the Aluminium we produce or the...
As soon as the Canadian Government declared a total ban on Russian aluminium, with an immediate effect on March 10, it received support from the Aluminum Association of Canada (AAC). Jean Simard, President and CEO of the AAC, said: "This ban by the Canadian government closes the door on imports from Russia." He added, "Our industry joins the rest of the free world in condemning in the strongest terms the Russian invasion of Ukraine. We support the use of economic sanctions and other measures as a diplomatic tool to combat Russian aggression and applaud the determination of the Government of Canada and the Deputy Prime Minister and Minister of Finance to work with allies to achieve this." On March 3, 2022, Canada levied tariff measures consistent with the removal of Most Favoured Nation...
LME aluminium opened at US$2,324 per tonne last Friday and fell to US$2,285 per tonne before closing at US$2,306 per tonne, down 0.58 per cent. On Friday, March 10, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$42 per tonne or 1.83 per cent to settle at US$2,248 per tonne and US$2,249 per tonne. 3-month bid price and 3-month offer price slumped by US$38.5 per tonne or 1.64 per cent and US$38 per tonne or 1.62 per cent to close at US$2,297 per tonne and US$2,297.50 per tonne. December 24 bid price and December 24 offer price decreased by US$38 per tonne or 1.49 per cent and 1.48 per cent to stand at US$2,510 per tonne and US$2,515 per tonne. LME aluminium opening stock settled at 548375 tonnes. Live warrants and Cancelled warrants closed at...
A request to investigate Cosmos Aluminium, a Greek company, and its proposed acquisition of Etem Commercial and Industrial Light Metals, a division of Elvalhalcor Hellenic Copper and Aluminium Company JSC, was made public by the Bulgarian Competition Authority on Monday. Magellan Aerospace Company announced its intent to collaborate with Collin Aerospace under a long-term agreement (LTA) to produce complicated magnesium and aluminium castings for various applications in the military, defence, and commercial aerospace industries. Granges Powder Metallurgy, also known as JD Technologies Worldwide, LLC in the USA, and Keselowski Advanced Manufacturing (KAM) announced their cooperation. The corporation's ability to provide precisely tailored additive manufacturing solutions using DISPAL®...
The Industrial Demonstration Program, funded by President Biden's Bipartisan Infrastructure Law and Inflation Reduction Act, will concentrate on the industries with the highest emissions where decarbonization technologies will have the biggest impact, such as aluminium, cement and concrete, iron and steel, and other energy-intensive industrial processes. Charles Johnson, president and chief executive officer of the Aluminum Association, praised the Biden administration's commitment to assisting in further decarbonization of the aluminium industry following the announcement of $6 billion in funding to accelerate the decarbonization projects in energy-intensive sectors. The White House convened a roundtable conversation on industrial innovation, decarbonization, and how America must advance...
