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 March 10, 2023, Canada prohibited the importation of all Russian aluminium and steel products in a move that the nation stated aimed to deny Russia's ability to fund the Russia-Ukraine geopolitical crisis. Chrystia Freeland, Finance Minister, stated that Canada would do everything to cut off or limit the Russian revenue used to fund the crisis. The ban covers both finished and unfinished products of aluminium and steel. However, it would impact importing products such as aluminium sheets and containers, steel tubes and pipes. On February 24, 2023, the United States administration declared the imposition of a 200 per cent import tariff on aluminium and derivatives produced in Russia from March 10, 2023, in response to the ongoing Ukraine-Russia geopolitical, the world's largest economy...
Researchers at the Norwegian University of Science and Technology (NTNU) have discovered a surprising approach to increasing the strength of nano-grained alloys, including grains of the alloying element that are only a few nanometers. Since it is lightweight and strong, aluminium is a metal that is frequently used to produce components for the building, transportation, and aerospace sectors. Aluminium alloys maintain these characteristics while being more potent than pure aluminium. "If it was a pure aluminium, of course, it's not strong enough," said Yanjun Li, professor of Physical Metallurgy in the Department of Materials Science and Engineering at NTNU. Yet, in recent years, scientists have encountered a problem in creating nano-grained alloys of aluminium and copper. Particularly at...
Aluminium Stewardship Initiative awards PT Inalum (Persero) the Performance Standard certificate or ASI V3(2022) for its aluminium smelters in Batu Bara Regency, Kuala Tanjung and North Sumatra province, Indonesia. M Jufri, the Public Relations officer at Inalum, exclaimed that the ASI certification programme had evolved out of an intensive multi-stakeholder consultation process and is the globally accepted summarised sustainability standard crafted for the entire aluminium value chain. M Jufri went on to make a clear statement: "This is the first certification issued for a performance standard or ASI V3 (2022), which was updated and launched in May 2022 after going through a revision process for several years." The ASI Certification Standard points out 11 principles and 62 criteria...
National Aluminium Company Limited (NALCO) has cut its aluminium ingot and aluminium products prices by INR 4,500 per tonne, with effect from Friday, March 10. This has brought the company’s aluminium ingot price to INR 219,650-223,150 per tonne compared to INR 224,150-227,650 per tonne on February 28. With the latest cut, NALCO’s aluminium billets price has come in at INR 224,100-226,750 per tonne, down by INR 4,500 per tonne or 1.95 per cent from INR 228,600-231,250 per tonne on February 28 . Aluminium wire rod price stands at INR 224,150-228,500 per tonne as of March 10 versus INR 228,650-233,000 per tonne since the previous cut. NALCO links its aluminium ingot and aluminium products prices to the three month futures of aluminium on the London Metals Exchange, which fell through March...
US-based Alcoa, the biggest employer in Portland, has raised awareness of the prevailing workers' strike at its aluminium smelter and has warned that it might cause irreparable consequences to the "broader community" in the area. Alcoa's Portland Aluminium has 535 working professionals under its wing. In the break of dawn on March 9, almost 50 Alcoa workers led a picketing rally to the site in honour of an industrial action programme that has been continued for over a week. The Australian Manufacturing Workers' Union and the Electrical Trades Union have signed up to manage this group and the larger campaign that has been working to crack an agreement for over eight months. The employees claim that the company has turned a deaf ear to their demands, and no step has been yet taken to...
LME aluminium opened at US$2,361.5 per tonne on Thursday and closed at US$2,319.5 per tonne, down US$34.5 per tonne or 1.47 per cent. On March 9, Thursday, the LME aluminium cash bid price slightly rose by US$2 per tonne or 0.09 per cent to clock at US$2,290 per tonne, and the LME aluminium official settlement price escalated by US$2.50 per tonne or 0.11 per cent, officially settling at US$2,291 per tonne. The 3-month bid price has refrained from any change, whereas the 3-month offer price has decreased by US$0.50 per tonne or 0.02 per cent, closing at US$2,335.50 per tonne. December 24 bid price and December 24 offer price anchored at US$2,548 per tonne and US$2,553 per tonne yesterday , with a US$4 per tonne or 0.16 per cent fall. LME aluminium opening stock faced an inventory slash of...
Germany's Speira, a leading global recycler and manufacturer of advanced aluminium rolled products, announced on Thursday, March 9, that it would shut its smelting operations at the Rheinwerk plant due to high energy prices. The news came after the company said in an official statement, "Speira decided to fully ramp down the smelting operations in Rheinwerk." This decision followed the company's production cut to half last year . Despite the improvement of the energy crisis in West Europe, which began in 2021, power-intensive industries like aluminium are still affected. In 2022, the crisis was at its worst, resulting in a 12.5 per cent drop in aluminium output in the region. However, Speira also announced on the same day that it would invest 30 million euros ($32 million) in enhancing...
According to the Shanghai Metals Market, China's primary aluminium inventories dipped by 2,000 tonnes on a weekly basis across eight major consumption areas, including SHFE warrants. On Thursday, March 9, the inventories came in at 1,267,000 tonnes, which in comparison with the first Monday of this month, March 6, declined by 2,000 tonnes. However, the inventories in China recorded a surge of 122,000 tonnes from the same period last year. Since the end of February, the inventory build has been gradually slowed down, though the downstream demand has been recovering steadily. There has been a great stock influx due to the continuously accumulating inventory, and it is being projected that the destocking process will begin once the usual pace is met. Last week, on March 2, primary aluminium...
The Industrial Demonstration Program, which is 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. Focusing on the same, the Biden-Harris Administration through the U.S. Department of Energy (DOE) announced $6 billion in financing to speed up decarbonization initiatives in energy-intensive industries and provide American businesses with a competitive edge in the burgeoning global clean energy economy. To achieve the President's objective of a net-zero economy by 2050, widespread demonstration and deployment of decarbonization...
Following the announcement of $6 billion in funding to accelerate the decarbonisation projects in energy-intensive sectors, Charles Johnson, president and chief executive officer of the Aluminum Association, praised the Biden administration's pledge to assist in further decarbonisation of the aluminium industry. "The Aluminum Association applauds the Biden administration's commitment to support additional decarbonisation of aluminum and other energy-intensive manufacturing sectors. The North American aluminum industry is already among the lowest emitting regions in the world. Aluminum and aluminum products made here have significantly lower impact than similar products made in China, the Middle East and elsewhere. And the next generation of low carbon smelting technology is being...
Hydro is on the way to initiate a new development phase of its one-of-a-kind production technology -HalZero, a brand new process for primary aluminium production. With the Norwegian government's support, the company will invest in a test facility, hoping the technology will help deliver pilot production of zero-carbon primary aluminium by 2030. The total investment required for the project is approximately NOK 400 million, of which the Norwegian government, via state enterprise Enova, has granted NOK 141 million for the construction of a test facility. Hydro has been working on early phase development of the HalZero technology at Hydro's Technology Centre in Porsgrunn, Norway, for the past seven years. In the HalZero production process, only oxygen will emit instead of carbon dioxide. If...
LME aluminium fell sharply after opening at US$2,351 per tonne on Wednesday but then rallied and closed at US$2,362 per tonne, up US$12.5 per tonne or 0.53 per cent. On Wednesday, March 8, both LME aluminium cash bid price and LME aluminium official settlement price slumped by US$24 per tonne or 1.03 per cent to peg at US$2,288 per tonne and US$2,288.50 per tonne. 3-month bid price and 3-month offer price slipped by US$24 per tonne or 1.01 per cent to settle at US$2,335 per tonne and US$2,336 per tonne. December 24 bid price and December 24 offer price moved down by US$16 per tonne or 0.62 per cent to peg at US$2,552 per tonne and US$2,557 per tonne. LME aluminium opening stock came in at 554300 tonnes. Live warrants and Cancelled warrants scored at 442850 tonnes and 111450 tonnes. LME...
Hindalco Industries Limited significantly reduced its aluminium ingot and aluminium products prices on Wednesday, March 7, in line with the LME aluminium price plunge over the past three days. The company has axed its aluminium ingot price by INR 6,000 per tonne or 2.67 per cent, with effect from March 7, bringing it to INR 218,750 per tonne. Hindalco’s aluminium wire rod price has also experienced a sharp cut of INR 6,000 per tonne from INR 235,850 per tonne on March 2 to INR 229,850 per tonne on March 7. The company’s aluminium billets price stands at INR 232,850 per tonne, down by 2.51 per cent from INR 238,850 per tonne about a week ago. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which shrank...
One of America’s noteworthy aluminium smelters, Constellium participated among the extremely specified group of industrial enterprises and labour bodies to communicate with senior-level associates in the Biden Administration during the previous week’s Roundtable Conference on Decarbonisation and Industrial Innovation. The sole purpose of the dialogue was to illustrate the prevailing efforts to control greenhouse gas emissions and merely form alliances with responsible parties so that a proper protocol is maintained. The CEO of Constellium, Jean-Marc Germain, seemed to be in favour of the Inflation Reduction Act and the Bipartisan Infrastructure Law propagated during the conference. But on the other hand, he gave counsel to the Biden Administration that is equally essential to encourage...
LME aluminium opened at US$2,385 per tonne on Tuesday and closed at US$2,347 per tonne, down US$35 per tonne or 1.47 per cent. On March 7, Tuesday, the LME aluminium cash bid price dropped down by US$9 per tonne or 0.39 per cent to stop at US$2,312 per tonne, and the LME aluminium official settlement price plunged by a similar ratio, at last settling at US$2,312.50 per tonne. Other than the second day of March, when the aluminium price suddenly skipped upwards by US$2.50 per tonne, it has been on a receding course since. The 3-month bid price and the 3-month offer price have both decreased by US$8 per tonne or 0.34 per cent, officially closing at US$2,359 per tonne and US$2,360 per tonne. December 24 bid price and December 24 offer price have halted at US$2,568 per tonne and US$2,573 per...
On March 7, 2023, according to our report from the MENA region, the state-owned Egyptian Aluminium Company (Egyptalum) is planning to invest nearly $34.5 million (1.05 billion Egyptian pounds) in projects in the next fiscal year starting on July 1, 2023. As per the data posted on Egypt's stock exchange and reported by our source from the region, the company is encouraged by a resurgence in profits and an anticipated leap in aluminium sales and net profits for the 2023–2024 fiscal year. It has also been reported that the company, which is the largest aluminium producer in Egypt and operates one of Africa's largest smelters, expects net earnings of nearly $114 million (3.5 billion pounds) in the fiscal year 2023-2024, far exceeding the anticipated profits of $34.7 million (1.6 billion) in...
The five-decade-old aluminium smelter, Aluminium Bahrain (Alba), functions excellently in operations, safety, environment, and socio-economic development and continues to be the world's largest aluminium smelter ex-China with a production of 1,600,111 tonnes in 2022, according to a recent rating released by Wood Mackenzie. Wood Mackenzie is a global research and consultancy group supplying data, written analysis, and consultancy advice to the energy, chemicals, renewables, metals, and mining industries. While commenting on Alba's ranking, the Alba'sChairman of the Board of Directors, Shaikh Daij bin Salman bin Daij Al Khalifa stated: "Alba's journey of a thousand miles starts with a vision, and I take this opportunity to thank the Leadership of Bahrain and HRH Prince Salman bin Hamad Al...
The Aluminum Association announced its preliminary estimates for 2022 in the monthly Aluminum Situation report, stating that the aluminium demand in North America (U.S. and Canada) has recorded a 4.8 per cent year-over-year increase in demand. This exceeded the nation's projected 2.7 per cent Gross Domestic Product (GDP) growth in 2022. Although predictions show a rise year over year, the analysis predicts a downturn in demand for the second half of 2022. "Despite some headwinds and softer demand in the second half of the year, this latest data shows an industry built to last. Geopolitical disruptions, supply chain issues and inflationary pressures could continue to pose some challenges in 2023. However, with historic investment in U.S. aluminum manufacturing last year and continued...
