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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India’s largest aluminium producer and one of the world’s leading aluminium producers, the ‘Metal of the Future’, Vedanta Aluminum, grandly launched the 1st edition of the International Aluminium Conference 2023’ (IAC 2023) at its operational location in Jharsuguda, Odisha. In collaboration with the Aluminium Association of India (AAI), the apex body representing the entire spectrum of the Indian Aluminium Industry, this 2-day Conference is being held on the 9th and 10th of February 2023, on the theme: Making India the Aluminium Capital of the World. IAC 2023 aims to be one of the world’s leading B2B platforms for collaboration between players in the global Aluminium industry and its various stakeholders, such as downstream processors, end consumers and technology suppliers from across...
On Thursday, February 9, Hindalco Industries Limited, a subsidiary of the Aditya Birla Group, announced the fourth quarter results ended December 31, FY2022-23, reporting a 6 per cent year-on-year rise in revenue to INR 53,151 crore. But on a quarter-on-quarter basis, the revenue stood 5.38 per cent lower than INR 56.176 crore. The total revenue in nine months of the fiscal year FY2023 stood at INR 167,345, up by 20.14 per cent from INR 139,295 crore in the past year. The overall increase in revenue could be attributed to higher sales volume and steady operational performance across India operations. Record total shipments of India primary aluminium was 349,000 tonnes, up 1 per cent from 345,000 tonnes. Hindalco posted an EBITDA of INR 3,930 crore for Q3 FY23, down by 31.57 per cent Q-o-Q...
Vedanta Limited has extended its aluminium ingot and products price cut with effect from Tuesday, February 7. The company has reduced its aluminium ingot price by INR 6,250 per tonne or 2.58 per cent to INR 236,250-266,750 per tonne versus INR 242,500-273,000 per tonne on February 3. Vedanta’s aluminium wire rod has also seen a cut of INR 6,250 per tonne, with effect from February 7, to stand at INR 243,750-251,250 per tonne compared to INR 250,000-257,500 per tonne as of February 3 . Aluminium billet price has also experienced a cut by the same amount to come in at INR 245,250 per tonne, in contrast with INR 251,500 per tonne last week. Vedanta links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which continued to...
According to the Shanghai Metals Market data, China’s domestic aluminium production in January 2023 (31 calendar days) recorded a marginal drop of 0.6 per cent month-on-month to 3.42 million tonnes. In December 2022 (31 calendar days), the domestic output had grown by 3 per cent M-o-M from 3.34 million tonnes to 3.44 million tonnes. On a year-on-year calculation, China’s January aluminium output edged a 6.7 per cent hike from 3.204 million tonnes. China’s daily output of aluminium also registered a decline month-on-month in January 2023 from 110,900 tonnes to 110,300 tonnes. The drop in China’s monthly aluminium production could be attributed to a lower operating rate of about 310,000 tonnes from the end of December and 760,000 tonnes from November after three rounds of power curtailment....
LME aluminium opened at US$2,535 per tonne on Wednesday and fell to US$2,471 per tonne before closing at US$2,487 per tonne, down 1.87 per cent. On February 8, Wednesday, the LME aluminium cash bid price and the LME aluminium official settlement price dropped by US$3.50 per tonne or 0.14 per cent to stop at US$2,468.50 per tonne and US$2,469 per tonne. The first week of February has witnessed gradually declining aluminium prices. The 3-month bid price and the 3-month offer price went down by US$6 per tonne or 0.24 per cent, officially closing at US$2,507 per tonne and US$2,508 per tonne. December 24 bid price and December 24 offer price have halted at US$2,678 per tonne and US$2,683 per tonne on Wednesday, with a similar price fall of US$7 per tonne or 0.26 per cent. LME aluminium opening...
According to the International Aluminium Institute, primary aluminium production in Russia and Eastern Europe amounted to 343,000 tonnes during December 2022, registering a monthly hike of 10,000 tonnes or 3 per cent from 333,000 tonnes but a yearly decline of 8,000 tonnes or 2.3 per cent from 351,000 tonnes. The year-on-year downfall of primary aluminium output in Russia and Eastern Europe could be attributed to the energy crunch resulting in operation cuts across many smelters. The total production of primary aluminium in Russia and Eastern Europe during the fourth quarter of 2022 ended December 31, stood at 1.02 million tonnes, down by 1.16 per cent Q-o-Q from 1.032 million tonnes despite the increase in monthly output in December. On a year-on-year basis, the output in 4Q2022 also...
National Aluminium Company Limited (NALCO) has slashed its aluminium ingot and aluminium products prices after four successive hikes in response to the LME aluminium price plunge during February 1-7, 2023. With effect from February 7, NALCO has curtailed its aluminium ingot price by INR 7,800 per tonne or 3.20 per cent to INR 236,150-239,650 per tonne. A week ago, the company’s aluminium ingot price stood at INR 243,950-247,450 per tonne. NALCO’s aluminium wire rod price has also been cut by INR 7,800 per tonne, with effect from February 7. The price now ranges between INR 240,650-245,000 per tonne versus INR 248,450-252,800 per tonne as of February 1 . NALCO’s aluminium billets price is also reduced by the same amount to be sold at INR 240,600-243,250 per tonne, with effect from February...
LME aluminium opened at US$2,547 per tonne on Tuesday and dropped to US$2,505 per tonne before closing at US$2,534 per tonne, down 0.37 per cent. On Tuesday, February 7, both LME aluminium cash bid price and LME aluminium official settlement price slipped by US$14 per tonne or 0.56 per cent to close at US$2,472 per tonne and US$2,472.50 per tonne. 3-month bid price and 3-month offer price dipped by US$12 per tonne or 0.47 per cent and US$13 per tonne or 0.51 per cent to reside at US$2,513 per tonne and US$2,514 per tonne. December 24 bid price and December 24 offer price descended by US$13 per tonne or 0.48 per cent to score at US$2,685 per tonne and US$2,690 per tonne. LME aluminium opening stock scored at 390200 tonnes. Live warrants and Cancelled warrants came in at 221575 tonnes and...
Oracle Power PLC, a successful producer of green hydrogen, has agreed upon a Memorandum of Understanding through its Joint Venture Oracle Energy Limited for supplying 50,000 tonnes of green hydrogen to Emirates Global Aluminium PJSC (EGA). This MoU between EGA and Oracle Energy will ensure the projected supply of almost 50,000 tonnes of green hydrogen channelled from its patented Green Hydrogen Unit in southeast Pakistan. Oracle Energy and EGA have embarked on a non-binding mission to explore the potential of the energy company in supplying ample green hydrogen, inducing a majority share of the estimated annual output of the Middle Eastern aluminium giant. If the companies can draw perfect negotiations, it has been noted that a probable binding agreement would be signed during the 2023 UN...
The Indonesian leader of coal-related operations, Adaro Energy, is toiling hard to collect enough funding for the actualisation of its US$2 billion aluminium project since environmentalists worldwide have started to accuse the firm and its partner, Hyundai of “greenwashing”. The Indonesian billionaire Garibaldi Thohi owns the mother company of Adaro Minerals, Adaro Energy which has been keen on advertising this particular project as a green-renewable one even though it requires the inclusion of a 2.2GW coal power plant. The project in North Kalimantan would be crucial for the Electric Vehicle (EV) industry. The stocks of Adaro Minerals were soaring 1,595 per cent up above the ground the last year after being just listed in January 2022. The company is positive about making a diversion...
According to our report from the United States, the White House is ready to slap a 200 per cent tariff on aluminium produced in Russia as early as this week in order to maintain pressure on Russia as the Ukraine-Russia geopolitical crisis crossed its first anniversary. The geopolitical crisis has created an enormous impact globally, propelling energy prices and, as a result, denting the manufacturing sector's production. According to our source, the decision has been under consideration for months, who wanted to remain anonymous while speaking about internal discussions. Russian aluminium metal is also being targeted by the US due to the perception that Russia is dumping aluminium on the US market, which is injuring US companies. A tariff of this magnitude would effectively end US metal...
LME aluminium opened at US$2,571 per tonne on Monday and dropped in European trading hours to a low of US$2,503 per tonne before closing at US$2,544 per tonne, down 0.86 per cent. On February 6, Monday, the LME aluminium cash bid price plummeted by US$72 per tonne or 2.8 per cent to stop at US$2,486 per tonne, and the LME aluminium official settlement price dropped by US$73.50 per tonne or 2.87 per cent, settling at US$2,486.50 per tonne. The LME aluminium prices have been on a downward trajectory excluding the first day of the month when the price stood at US$2,611 per tonne. The 3-month bid price has plunged by US$68 per tonne or 2.6 per cent, officially closing at US$2,525 per tonne, and the 3-month offer price has lost US$67 per tonne or 2.58 per cent, resting at US$2,527 per tonne....
China’s social inventories of primary aluminium have built-up by 96,000 tonnes over the weekend ended February 6, 2023, across eight major Chinese consumption areas, including SHFE warrants, to stand at 1.14 million tonnes, found the Shanghai Metals Market data. On a week-on-week basis, the inventories have recorded a surge of 158,000 tonnes from 986,000 tonnes. SMM data has also shown an increase of 278,000 tonnes compared to the same period last year. Currently, the social inventory is still in the seasonal accumulation cycle, which historically lasts for an average of 3-4 weeks post the Chinese New Year holiday. To know the present status of primary aluminium inventories across China, refer to the chart below: According to SMM data, Wuxi has witnessed the highest growth in primary...
On Thursday, February 2, China's aluminium billet inventories closed at 209,400 tonnes after recording a weekly surge of 42,200 or 25.3 per cent across five major consumption areas. In the first trading week following the CNY holiday in 2022 and 2021, the billet inventory had weekly gains of 25,000 tonnes and 18,000 tonnes, respectively. Most downstream businesses in east China restarted production, and recent transactions have been relatively busy. South China's output resumed quite slowly, which put much strain on inventories. Next week, it's anticipated that the social inventory will continue to rise but more slowly. The figure below provides further information on the current state of aluminium billet inventories in China: In particular, the inventory in Foshan hiked by 27,500 tonnes...
LME aluminium fell to around US$2,570 per tonne after opening at US$2,607 per tonne last Friday and closed at US$2,566 per tonne, down 1.48 per cent. On Friday, February 3, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$14 per tonne or 0.54 per cent and US$12.5 per tonne or 0.48 per cent to stand at US$2,558 per tonne and US$2,560 per tonne. 3-month bid price and 3-month offer price slipped by US$14 per tonne or 0.53 per cent and US$15 per tonne or 0.57 per cent to peg at US$2,593 per tonne and US$2,594 per tonne. December 24 bid price and December 24 offer price dipped by US$13 per tonne or 0.46 per cent to score at US$2,755 per tonne and US$2,760 per tonne. LME aluminium opening stock settled at 395250 tonnes. Live warrants and Cancelled...
The global industry leader in aluminium, alumina and bauxite, Alcoa Corporation, announced that most of the workers at its San Ciprián complex in Spain had consented an upgraded plan to reactivate the aluminium smelter in 2024. Alcoa announced a two-year hiatus in December 2021 to focus on developing ideas for a more robust smelting operation, which sky-high energy costs had challenged. The company signed two long-term wind power purchase agreements (PPAs) in 2022, securing up to 75 per cent of the smelter's requirements at total capacity. The approval and construction of the wind farms will determine the energy supply. Under the revised agreement with the workforce, a step-by-step timeline for the restart process, which will start in January 2024, is provided. The deal also includes...
Vedanta Limited reduced its aluminium ingot and aluminium products prices by INR 3,000 per tonne on Friday, February 3, following an increase of INR 7,000 per tonne on the previous day. On February 3, Vedanta’s aluminium ingot price came in at INR 242,500-255,500 per tonne, compared to INR 245,500-258,500 per tonne on February 2. Vedanta’s aluminium wire rod price ranged between INR 250,000-257,500 per tonne as of February 3, also down by INR 3,000 per tonne from INR 253,000-260,500 per tonne on the previous day. Aluminium billet price stood at INR 251,500 per tonne versus INR 254,500 per tonne. Vedanta links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which decreased by US$51 per tonne from US$2,611 per tonne on...
The aluminium industry and its urge to move towards a low-carbon-induced environment can be considered one of the most critical concerns. The government of New South Wales pledged to collaborate with the region's most emission-prone sectors to transform them into low-carbon facilities. Apart from this, aluminium companies like Alba, MYTILINEOS also announced their full-year financial results. Alba released its Q4 and full-year 2022 financial results, which revealed a significant decline of 78% in Q4 year over year from BD181.2 million (US$481.8 million) to BD39.4 million (US$104.9 million). For MYTILINEOS, the company had recorded a net profit (after taxes and minority interest) of €466 million compared to €162 million in 2021. Another significant achievement can be the recent...
