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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Hindalco Industries Limited back-to-back hiked its aluminium ingot and aluminium products prices on January 14. Previously, on January 12, Hindalco lifted its aluminium ingot price by INR 3,250 per tonne from INR 226,750 per tonne to INR 230,000 per tonne. On Saturday, January 14, the price was further raised by INR 4,500 per tonne to INR 234,500 per tonne. Hindalco’s aluminium wire rod price also saw an increase of INR 4,500 per tonne on January 14 to INR 245,600 per tonne, following a lift of INR 3,250 per tonne from INR 237,850 per tonne INR 241,100 per tonne. Aluminium billets price also witnessed a hike of INR 4,500 per tonne on January 14 to stand at INR 248,600 per tonne after a rise of INR 3,250 per tonne on January 12 from INR 240,850 per tonne to INR 244,100 per tonne. Hindalco...
LME aluminium opened at US$2,552 per tonne last Friday and closed at US$2,592.6 per tonne, an increase of US$44.1 per tonne or 1.73 per cent. On Friday, January 13, both LME aluminium cash bid price and LME aluminium official settlement price shot up by US$94.5 per tonne or 3.86 per cent and US$64 per tonne or 2.61 per cent to settle at US$2,510.50 per tonne and US$2,511 per tonne. 3-month bid price and 3-month offer price surged by US$68.5 per tonne or 2.76 per cent and US$70 per tonne or 2.82 per cent to reside at US$2,544 per tonne and US$2,546 per tonne. December 24 bid price and December 24 offer price also hiked by US$60 per tonne or 2.26 per cent and US$2.25 per cent to stand at US$2,710 per tonne and US$2,715 per tonne. LME aluminium opening stock settled at 403250 tonnes. Live...
This week the primary aluminium sector has marked various shortcomings, with Slovalco closing the only aluminium smelter in Slovakia after 70 years of successful operation. The rising energy crisis in Europe and the impending effects of the Russia-Ukraine crisis have started showing their shades because, on January 11, Riyadh-based Ma'aden also declared that due to operational issues, the company is going to curtail production at its aluminium smelter which it jointly owns with Alcoa. On the same day, there was another important news, but fortunately, this was a good one. A certain Aluminium Dunkerque operative assured sources that the European smelter would resume aluminium production after a yearlong closure attributed to augmenting electricity prices last year. Both LME and SHFE have...
On January 12, 2023, a new World Economic Forum report stated that inflation and sluggish economic growth result from the current energy crisis. However, taking short-term risks like broad-based consumer subsidies and increasing the power produced from coal is dangerous. The paper, ‘Securing the Energy Transition', put out a thorough strategic plan to make security and resilience the core elements of a system transitioning to alternative energy sources. It advocates coordinating ongoing efforts to deal with the energy crisis with long-term objectives for the energy transition. In the world of aluminium, the European and US industries suffer the most due to soaring energy prices. To a certain extent, primary aluminium production is slashed, and even companies owning the smelters have...
The Saudi Arabia state-owned mining company headquartered in Riyadh, Ma'aden, announced on Wednesday that due to operational issues, the company had curtailed output at the aluminium smelter it jointly owns with Alcoa Corp., but the firm is currently scaling output back up. According to Robert Wilt, the CEO of Ma'aden, at the same time, the company worked to stabilise the operation and address quality-control concerns. He spoke of "high anode effects," which can introduce undesired contaminants into aluminium, lowering its grade. "I don't anticipate it affecting our budget," added Wilt. Wilt refused to provide details but said no clients would be impacted due to the shutdown. He omitted to mention how much the output had been affected. Ma'aden and Alcoa control 25 per cent of the enormous...
In the midst of a potential demand-supply scenario across the primary aluminium sector, given the rising investments towards reducing the carbon footprint at production, there were some key developments in global primary aluminium projects in 2022. While some projects were for developing clean energy to power aluminium smelters, some were for expanding integrated greenfield aluminium capacity to meet the anticipated 96.6 million tonnes of world aluminium demand. Given below are the key primary aluminium projects in 2022 – In early May 2022, Sunshine Hydro and Energy Estate proposed the construction of the world’s first super-hybrid green hydrogen project in Central Queensland, valued at $5.5 billion with massive wind and pumped hydro facilities. The project is expected to feature 1.8GW of...
LME aluminium opened at US$2,458 per tonne on Wednesday and closed at US$2,489 per tonne, an increase of US$26 per tonne or 1.06 per cent. On January 12, Thursday, the LME aluminium cash bid price swamped in a long time by US$4.50 per tonne or 0.18 per cent, closing at US$2,446 per tonne, and the LME aluminium official settlement price faced a US$4 per tonne or 0.16 per cent decline to rest at US$2,447 per tonne. The 3-month bid price witnessed a drop of US$10.50 per tonne or 0.42 per cent, officially anchoring at US$2,475.50 per tonne, and the 3-month offer price saw a US$ 11 per tonne or 0.44 per cent drop to halt at US$2,476 per tonne. December 24 bid price and December 24 offer price stood at US$2,650 per tonne and US$2,655 per tonne on Thursday, with a loss of US$15 per tonne or 0.56...
India's only backwards integrated Carbon company with a fully dedicated source of raw materials, Epsilon Carbon, is set to begin its second phase of expansion. The team got together to perform the laying of the foundation stone ceremony. It's a significant progress milestone for the company as it ushers in a new dawn of growth and development. The groundbreaking ceremony occurred at the company's Vijayanagar plant in Karnataka, India. Vikram Handa, the Managing Director of the company, led the event, with his family participating in the ceremony. There was a feeling of new beginnings in the air, and the energy was energizing for all who attended. Epsilon Carbon Pvt Ltd, founded in 2010, is a manufacturer of coal tar derivatives led by a dedicated, experienced team of industry...
Social inventories of aluminium billets in China have further built up 15,100 tonnes week-on-week to peg at 95,000 tonnes on January 12 across the five major consumption areas. Except for Changzhou, all the major markets have witnessed a growth in billet inventories this week, driven by high shipments from southwest China and rapidly cooling demand after downstream users took an early break for the Chinese New Year holiday. The chart below indicates the current status of aluminium billet inventories across China in more details: This week, Foshan has contributed the highest to the billet inventories growth, accumulating 10,900 tonnes over the week to 45,400 tonnes, found the Shanghai Metals Market. Inventories in Wuxi and Huzhou have experienced a gain of 3,000 tonnes and 2,000 tonnes,...
National Aluminium Company Limited (NALCO) has escalated its aluminium ingot and aluminium products prices sharply on Thursday, January 12, in response to the LME aluminium benchmark price rally for over the past three days. The company has lifted its aluminium ingot price by INR 13,500 per tonne or 6.25 per cent from INR 215,850-219,350 per tonne on January 6 to INR 229,350-232,850 per tonne on January 12. NALCO’s aluminium wire rod price has come in at INR 233,850-238,200 per tonne, significantly up by INR 13,500 per tonne from INR 220,350-224,700 per tonne last Friday. Aluminium billets price is no exception but also seen a surge by the same amount to range between INR 233,800-236,450 per tonne versus INR 220,300-222,950 per tonne in the previous week. NALCO links its aluminium ingot...
On January 11, 2023, one of the largest aluminium smelters in Europe, Aluminium Dunkerque's spokesperson, said that the primary aluminium producer had begun resuming production capacity that had been idled when it was stung by skyrocketing electricity prices last year. The spokesperson added that the site, which reduced output by around a fifth in the fourth quarter, is expected to reach full capacity by May 2023. Several factors contributed to the move, including easing French power prices and government support for energy-intensive industries. Aluminium production in Europe has dropped to its lowest level since the 1970s as rising energy costs dealt a crushing blow to this energy-intensive industry.
Three-month LME aluminium opened at US$2,458 per tonne on Wednesday and closed at US$$2,489 per tonne, an increase of US$26 per tonne or 1.06 per cent. On Wednesday, January 11, both the LME aluminium cash bid price and the LME aluminium official settlement price recorded a surge for the third day in a row. While the former rallied by US$55.50 per tonne to peg at US$2,450.50 per tonne, the latter hiked by US$54 per tonne to settle at US$2,451 per tonne. The 3-month bid price and 3-month offer price climbed up by US$56 per tonne and US$55 per tonne, respectively, to hover around US$2,486 per tonne and US$2,487 per tonne. December-24 bid price and December-24 offer price closed at US$2,665 per tonne and US$2,670 per tonne, up by US$53 per tonne from the previous day. LME aluminium opening...
Aluminium Bahrain B.S.C. (Alba), one of the world's largest aluminium smelters, announced that it had awarded its Solar Farm Project to Advanced United Systems (AUS) for the installation of Solar Photovoltaic (P.V.) Panels covering 37,000 m2 with a capacity of more than 6 Megawatts (M.W.). The Solar Farm Project will include approximately 11,300 solar panels that will be installed on the roofs of Alba parking lots and some of its buildings, including the Spent Pot Lining Treatment (SPL) Plant. The Solar Farm Project will generate approximately 10,539 MWHr per year and reduce approximately 7,591,760 kilogrammes of carbon emissions per year, for a total reduction of 189,794,000 kilogrammes of carbon emissions over a 25-year period. Shaikh Daij bin Salman bin Daij Al Khalifa, the Chairman of...
The world's largest aluminium flat-rolled products maker and aluminium recycler, Hindalco Industries' board has approved fundraising of up to INR 700 crore by issuing non-convertible debentures (NCDs) on a private placement basis. Hindalco Industries stated while filing in the exchange, "The capital raising committee of the company's board of directors at its meeting held on January 10, 2023, approved the issuance of non-convertible debentures (NCDs) on private placement basis, for an amount not exceeding Rs 700 crore." On November 11, 2022, the company's board of directors approved borrowing up to INR 1,000 crore through loans, issuance of bonds, notes, debentures, or other securities to banks, financial institutions, or other eligible investors. The Aditya Birla Group's flagship company...
Hindalco Industries Limited has hiked its aluminium ingot and aluminium products prices for the second day in a row on January 11, 2023. With the recent price rise, the company’s aluminium ingot price has come in at INR 226,750 per tonne per tonne, up by INR 5,000 per tonne or 2.25 per cent from INR 221,750 per tonne on January 10. Hindalco’s aluminium wire rod price has also seen a lift of INR 5,000 per tonne on January 11 to stand at INR 237,850 per tonne versus INR 232,850 per tonne on January 10. Hindalco’s aluminium billets price has also been raised by INR 5,000 per tonne to INR 240,850 per tonne on January 11, following a hike of INR 7,750 per tonne from INR 228,100 per tonne on January 7 to INR 235,850 per tonne on January 10. Hindalco has back-to-back increased its aluminium...
On December 10, 2023, the global industry leader with a vision to reinvent the aluminium industry for a sustainable future, Alcoa Corporation, announced a restructuring of its 'Executive Leadership Team' to further improve the Company's rigorous focus on operational excellence, cost, and innovation. However, the changes will come into effect from February 1, 2023, including reassigning responsibilities for two existing 'Executive Leadership Team' members and appointing a new Chief Financial Officer. William F. Oplinger, currently Executive Vice President (EVP) and Chief Financial Officer, will become EVP and Chief Operations Officer. Senior Vice President and Controller Molly Beerman have been appointed EVP and Chief Financial Officer. She will also be the executive member to oversee...
According to the Shanghai Metals Market data, China’s aluminium production in December 2022 (31 calendar days) was recorded at 3.44 million tonnes – 2.99 per cent more than 3.34 million tonnes in the previous month and 8.18 per cent higher than 3.14 million tonnes a year earlier. The cumulative production during January-December 2022 amounted to 40.08 million tonnes, up by 4.13 per cent from 38.49 million tonnes during the corresponding period of the previous year. Despite the increase in monthly production, the average daily output in December 2022 dropped 300 tonnes M-o-M from 111,200 tonnes to 110,900 tonnes. On a year-on-year basis, daily production hiked by 8.3 per cent from 102,400 tonnes. The domestic operating capacity of aluminium in December declined slightly month-on-month as...
LME aluminium opened at US$2,423 per tonne on Tuesday and closed at US$2,458 per tonne, an increase of US$19.8 per tonne or 0.8 per cent. On January 10, Tuesday, LME aluminium cash bid price floated up by US$59 per tonne or 2.52 per cent, closing at US$2,395 per tonne and the LME aluminium official settlement price saw an increase of US$60.50 per tonne or 2.59 per cent to rest at US$2,397 per tonne. The 3-month bid price and the 3-month offer price both witnessed a spike of US$62 per tonne or 2.62 per cent to rest at US$2,430 per tonne and US$2,432 per tonne, respectively. December 24 bid price and December 24 offer price stood at US$2,612 per tonne and US$2,617 per tonne on Tuesday, with a gain of US$67 per tonne or 2.63 per cent. LME aluminium opening stock plunged by 3,200 tonnes or...
