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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According to the US Census Bureau data, the United States domestic primary aluminium production in November 2022 stood at 62,000 tonnes, registering a decrease of 2,000 tonnes or 3.15 per cent month-on-month from 64,000 tonnes. The USGS data also shows the US primary aluminium output in November 2022 edged a sharp fall of 13,000 tonnes or 17.33 per cent from 75,000 tonnes. However, despite the drop in monthly production, the United States average daily output of primary aluminium in November 2022 stood 1 per cent higher M-o-M from 2,050 tonnes to 2,070 tonnes. On a year-on-year calculation, the daily production in November’22 was 18.33 per cent less than 2,510 tonnes. Total aluminium recovered from scrap in November 2022 was 277,000 tonnes, down by 2.12 per cent from 283,000 tonnes in...
The aluminium processing industry must be able to adapt to the fast-changing environment we are facing nowadays. With the aim of helping the aluminium industry in this non-stop adaptation, Insertec is working on the definition of tomorrow´s aluminium processing facilities, focusing on three key areas: efficiency, sustainability & knowledge. Efficiency: Efficiency goes far beyond having a plant that respects emission regulations or monitoring energy consumption. Being efficient in 2023 means making the most of the full potential of a facility: achieving optimal profitability without losing sight of the well-being of people and the protection of the environment. Our automation department is focusing on two strategic lines to achieve the most efficient facilities: robotics and data...
The ongoing global energy crisis has exposed the fragility of our energy systems and supply chains, putting European manufacturing industries, especially the energy-intensive aluminium sector, in a vulnerable position. Despite the growing demand for aluminium in clean technologies like solar panels, batteries, and electric vehicles, the industry is struggling to maintain production levels. In the past year alone, primary aluminium production has declined by a staggering 50%. The energy crisis has also impacted the gas-dependent semi-fabrication and recycling sectors, which are experiencing mounting losses. This precarious situation is further compounded by the fact that other leading economies offering low-cost energy and high levels of state aid are increasingly attracting...
On January 31, 2023, Vedanta Aluminium announced that to finance its capital expenditures and lessen its carbon impact, it had raised $250 million (INR 2,045 crore approx.) through sustainability-linked loans from international banks. The ability of the borrower to satisfy sustainability goals is a factor in the interest rate of sustainability-linked loans. However, the company intends to use these funds for capital expenditure to achieve the decarbonization and safety performance criteria used to determine the loan terms. The loan will fuel the company's expansion, including manufacturing value-added aluminium products. International banks from the Middle East and the Far East, such as Mashreq Bank, First Abu Dhabi Bank, and CTBC Bank, are among the lenders. Rahul Sharma, the CEO of the...
LME aluminium opened at US$2,572 per tonne on Tuesday and closed at US$2,648 per tonne, an increase of US$82 per tonne or 3.2 per cent. On January 31, Tuesday, the LME aluminium cash bid price and the LME aluminium official settlement price plunged by US$43.50 per tonne or 1.69 per cent, settling at US$2,532.50 per tonne and US$2,533.50 per tonne. The LME aluminium price has been on a downward trend from January 26, with a gradual decline throughout the week until the end of the month. The 3-month bid price dipped by US$39.50 per tonne or 1.51 per cent, officially resting at US$2,573.50 per tonne, and the 3-month offer price saw a decrease of US$41 per tonne or 1.57 per cent to halt at US$2,574 per tonne. December 24 bid price and December 24 offer price anchored at US$2,740 per tonne and...
Rick Hindley joined Podback as executive director in May 2021, soon after the scheme launched. Rick is responsible for setting and overseeing the strategic direction of Podback, including working with local authorities, retailers and coffee brands to grow the scheme. Rick has held several high-profile positions in the aluminium packaging sector, initiating and advising on the development of collection and recycling programmes in the UK and Europe. He joined Podback from the Aluminium Packaging Recycling Organisation (Alupro), where he had been executive director since 2007. During his tenure at Alupro, aluminium packaging saw record-breaking recycling rates. Rick previously sat on the Government’s Advisory Committee on Packaging (ACP). 1. What was the motive behind establishing the...
The aluminium industry witnessed an impact in 2022 due to augmented energy prices and the overall challenges encountered with the logistical discrepancies mainly made prominent due to the ongoing Russian-Ukraine geopolitical crisis. With the end of 2022, the entire aluminium sector is moving forward to attain more impressive opportunities in H1 2023. The worldwide demand for aluminium, driven by the quest for more sustainable products, is on an optimistic drive this year. Yet, the harrowing consequences of the prevailing recession in the US and the western countries, alongside the impending inflation rate, are quite a cause for concern. To demonstrate a compiled futuristic view, Alcircle has come up with its latest “ Global Aluminium Industry Outlook 2023 ” report that gives the reader a...
One of the world’s leading marketers of physical commodities, Glencore, has reportedly delivered 40,000 tonnes of Russian aluminium to the LME-approved warehouses in the South Korean port of Gwangyang, two sources familiar with the matter reported to Reuters. The addition of Russian metal to LME warehouses is likely to trigger a fear of LME benchmark price drop, which many producers wish to avoid as their contracts refer to the LME prices. But Glencore, when contacted, declined to comment, while Rusal told Reuters it did not deliver any of its metal to the LME system. Since the Ukraine-Russia conflict, many countries and companies imposed sanctions against Russia and chose not to renew contracts with Rusal for aluminium supply. But at the same time, many firms from various industries like...
LME aluminium opened at US$2,631.5 per tonne on Monday and closed at US$2,566 per tonne, a decrease of US$61.5 per tonne or 2.34 per cent. On Monday, January 30, both LME aluminium cash bid price and LME aluminium official settlement price moved down by US$20 per tonne or 0.78 per cent and 0.77 per cent to settle at US$2,576 per tonne and US$2,577 per tonne. 3-month bid price and 3-month offer price decreased by US$24 per tonne or 0.91 per cent and US$23 per tonne or 0.87 per cent to close at US$2,613 per tonne and US$2,615 per tonne. December 24 bid price and December 24 offer price slipped by US$25 per tonne or 0.89 per cent to halt at US$2,765 per tonne and US$2,770 per tonne. LME aluminium opening stock stopped at 411650 tonnes. Live warrants and Cancelled warrants scored at 231125...
With the aim of setting global best practices for the aluminium industry while enhancing the sustainability of EGA's computing operations, Microsoft UAE and Emirates Global Aluminium, the world's largest 'premium aluminium' producer, announced their intention to work together on Industry 4.0 and broader digital transformation. "We are proud to partner with EGA, the largest 'premium aluminium' producer in the world, to accelerate their Industry 4.0 transformation while also pioneering further improvements in Microsoft's own cloud for manufacturing services. I look forward to further collaborations between EGA and Microsoft in the future, both locally and globally," stated Naim Yazbeck, General Manager at Microsoft UAE. The new agreement calls for the two businesses to collaborate to...
According to the Shanghai Metals Market, China’s social inventories of primary aluminium across eight major consumption areas totalled 986,000 tonnes as of Monday, January 30, up 57,000 tonnes from 929,000 tonnes on January 28 and 242,000 tonnes higher than the pre-Chinese New Year level. As of Saturday, January 28, the first day after the week-long Chinese New Year (CNY), the inventories recorded a surge of 185,000 tonnes from pre-CNY level and a year ago. The increase of 185,000 tonnes or 24.9 per cent was in line with SMM's previous forecast. The surge in inventories could be attributed to continued cargoes arrivals over the past couple of days amid limited warehouse withdrawals. The chart below indicates the status of primary aluminium inventories across China as of January 28: Gongyi...
According to the International Aluminium Institute, primary aluminium production in Africa stood at 140,000 tonnes during December 2023, registering a hike of 11.11 per cent or 14,000 tonnes month-on-month from 126,000 tonnes. On a year-on-year basis, Africa’s primary aluminium output in December’22 edged a slight drop of 2,000 tonnes from 138,000 tonnes. In the fourth quarter of 2022, Africa’s primary aluminium production totalled 407,000 tonnes, down by 1.45 per cent from 413,000 tonnes in the previous quarter despite a monthly rise in December. On a year-on-year calculation, Africa’s Q4 output grew marginally by 1,000 tonnes from 406,000 tonnes, found IAI. The aggregate output of primary aluminium in Africa through 2022 summed at 1.622 million tonnes, up by 2.01 per cent from 1.590...
LME aluminium opened at US$2,593 per tonne last Monday, with its weekly high and low at US$2,664 per tonne and US$2,593 per tonne respectively before closing at US$2,627.5 per tonne, an increase of US$37.5 per tonne or 1.45 per cent. On January 27, Friday, the LME aluminium cash bid price dropped down by US$0.50 per tonne or 0.02 per cent, settling at US$2,596.50 per tonne and the LME aluminium official settlement price experienced a fall of US$1 per tonne or 0.04 per cent, closing at US$2,597 per tonne. The 3-month bid price deescalated by US$3 per tonne or 0.11 per cent, officially resting at US$2,637 per tonne, and the 3-month offer price saw a decrease of US$4 per tonne or 0.11 per cent to halt at US$2,638 per tonne. December 24 bid price and December 24 offer price permuted to...
Vedanta Aluminium has attained the second position in world ranking according to the S&P Dow Jones Sustainability Index (DJSI) for the aluminium industry (FY2021-22). Hydro spearheads the call for sanction against Russian aluminium under provisions laid by the EU’s Critical Raw Materials Act. The Brazilian aluminium industry has vouched to depend less on imports and utilise more domestically produced metal in 2023, owing to the demand for aluminium in the inland territories. The LME aluminium price kept escalating with a slight downfall nearing the end of this week on Thursday, January 26, halting at US$2,598 per tonne, whereas the overall trajectory was by US$12.50 per tonne or 0.48 per cent if we take Monday’s data into account, which was US$2,585.50 per tonne as of Friday, January 20....
On Thursday, January 26, MYTILINEOS S.A., a leader in the metallurgy industry with vertically integrated bauxite, alumina, and primary and recycled aluminium production, announced the full-year financial results for 2022, revealing a record net profit (after taxes and minority interest) of €466 million versus €162 million in 2021. Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) surged by 130 per cent year-on-year from €359 million to €823 million. As per the financial report published by the company, it generated an annual turnover of €6,306 million, up by 137 per cent from €2,664 million in 2021. The recommended dividend was €1.20 per share, up 176 per cent from a year ago. The key takeaway from the report is MYTILINEOS’ net debt position and its reduction to...
The Indian mining and metal giant Vedanta's board of directors has approved plans to source 91 MW of Hybrid Renewable Power, according to a regulatory filing. 50 MW will be used for aluminium operations, 16 MW for copper operations, and 25 MW for oil and gas operations across India. As a result, Vedanta will enter into Power Delivery Agreements (PDAs) through special purpose vehicles (SPVs) affiliated with Serentica Renewables India Private Limited (SRIPL). This company provides renewable energy based on solar, wind, and battery storage solutions. The decision, which is in line with Vedanta's ESG vision of "Transforming for Good", is the first in a series of steps the company will take to achieve its objectives of becoming "Net Zero Carbon by 2050 or sooner" and "using 2.5 GW of Round the...
Aluminium Stewardship Initiative has awarded PT Indonesia Asahan Aluminium (INALUM) Persero the Performance Standard V3 (2022) Certification for the smelting plant at Kuala Tanjung, Indonesia. Asahan Aluminium (INALUM) Persero is the first company to have received the updated Performance Standard V3 certification, which was launched in May 2022 following multiple revisions over the years. INALUM produces aluminium ingot, aluminium billet and aluminium alloy, with an approximate production capacity of 250,000 tonnes per year. The ASI Performance Standard V3 certification defines 11 principles and 62 criteria under three sustainability pillars - Environment, Social, and Governance to address pressing sustainability issues in the aluminium value chain, like biodiversity, circularity, and...
The world’s biggest premium aluminium manufacturer, Emirates Global Aluminium (EGA), reported that it catered 203,000 tonnes of waste to other industries as feedstock in 2022. The quantity was almost twice as much as the EGA produced in 2022, resulting in lower stocks than in prior years and a 40 per cent increase in 2021 as the economy recovered from COVID-19. EGA has collaborated with other businesses in the UAE for more than a decade to identify profitable use for aluminium manufacturing waste. Reuse helps create a circular economy by keeping waste out of landfills and minimizing the need to use new natural resources. The most significant by-product of the aluminium smelting process, and one EGA leads the world in recycling, is discarded pot lining. Experts in the field estimate that...
