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 first aluminium smelter in the Sultanate of Oman, Sohar Aluminium, announced the appointment of Ricardo Fontes Santana as Chief Financial Officer (CFO). In his position, Ricardo will head the finance, information technology, and supply chain management departments while championing the financial strength business strategy target. He holds a Bachelor's degree in Economics from the State University of Rio de Janeiro and an MBA from Brazil's Universidade Federal Fluminense. He has held senior executive positions in global aluminium and oil and gas companies in Brazil, Australia, Singapore, and the Netherlands in finance, financial compliance, business evaluation, risk management, information technology, supply, and reporting activities.
Duan Xiangdong is appointed as the new chairman of the state-owned Aluminum Corp. of China, the largest producer of aluminium in the world. From October 2021 until this month, Duan served as general manager, deputy party secretary, and director of China First Heavy Sectors Co. Ltd., a state-owned business (SOE) that makes heavy machinery for the mining, petrochemical, and steelmaking industries. According to a notification posted on the business' website, Duan Xiangdong also accepted the position of party secretary of Chinalco on Friday, January 6. Aluminum Corporation of China Limited (also known as "Chalco") was established in China on September 10, 2001, and Aluminum Corporation of China (also known as "Chinalco") is the company's controlling shareholder. Aluminum Corporation of China,...
Multiple Chinese aluminium smelters in Guangdong are shutting down prior to the Spring Festival holiday this year, whereas other players are recalibrating their output goals for the prevailing times. All this is due to a plunge in the domestic demand for aluminium in the recent weeks. Even though Beijing has discarded the rigid COVID-19 protocols, which were the main reason for downgrading manufacturing rates in the country, increasing infection percentage and a downturn in the construction sector have levied heavily on aluminium demands. Also, international trade has dwindled, creating a dent in the market. A zinc-alloy producer from Guangdong has notified sources about the falling production rate of metals in the Chinese province. “Our orders are cut by 30% as our customers, namely...
The United States domestic primary aluminium production in October 2022 stood at 64,000 tonnes, registering an increase of 3,000 tonnes month-on-month from 61,000 tonnes in September, found the US Census Bureau data. But on a year-on-year calculation, the output decreased by 12,000 tonnes or 15.8 per cent from 76,000 tonnes. The United States average daily production of primary aluminium was 2,050 tonnes in October 2022, slightly more than in September 2022 and 16.67 per cent less than 2,460 tonnes in October 2021. Total aluminium recovered from scrap in October 2022 was 283,000 tonnes, up by 3,000 tonnes or 1.07 per cent from 280,000 tonnes a month ago and 14,000 tonnes or 5.20 per cent higher than 269,000 tonnes a year earlier. Of the total scrap recovered, 154,0000 tonnes of aluminium...
Vedanta Limited has lifted its aluminium ingot and aluminium products prices by INR 7,750 per tonne, with effect from Tuesday, January 10. That has brought the company’s aluminium ingot price to INR 222,750-253,250 per tonne versus INR 215,000-245,500 per tonne on January 7. Vedanta’s aluminium wire rod price has come in at INR 230,250-237,750 per tonne, with the latest raise, compared to INR 222,500-230,000 per tonne last week. Aluminium billet price has mounted to INR 231,750 per tonne from INR 224,000 per tonne on January 7. Vedanta has increased its aluminium ingot and aluminium products prices in response to the hike of the three-month futures of aluminium on the London Metal Exchange. On January 9, the LME aluminium benchmark price surged by US$94 per tonne to settle at US$2,336.50...
Slovakia's sole aluminium producer, Slovalco, is closing its smelters after 70 years of operation. Slovalco, based in the central Slovak town of Žiar nad Hronom, stated that after decades of operation, it could no longer afford to operate its last ten remaining furnaces. However, Slovakia will be forced to procure aluminium from foreign sources in the absence of the producer. According to the Hydro majority-owned aluminium producer, the company had gradually reduced production due to the surging energy prices. Slovalco initially operated 226 furnaces, but just over a year ago, the number of furnaces in use dropped by 40 per cent due to high energy expenses. Among all industrial operations, the smelting of aluminium is the most energy-intensive industrial manufacturing process. Milan...
LME aluminium opened at US$2,313 per tonne on Monday and closed at US$2,425 per tonne, an increase of US$129.5 per tonne or 5.64 per cent. On Monday, January 9, both LME aluminium cash bid price and LME aluminium official settlement price expanded by US$94 per tonne or 4.19 per cent to settle at US$2,336 per tonne and US$2,336.50 per tonne. 3-month bid price and 3-month offer price shot up by US$94 per tonne or 4.13 per cent and US$95 per tonne or 4.17 per cent to stand at US$2,368 per tonne and US$2,370 per tonne. December 24 bid price and December 24 offer price surged by US$85 per tonne to halt at US$2,545 per tonne and US$2,550 per tonne. LME aluminium opening stock came in at 422075 tonnes. Live warrants and Cancelled warrants clocked at 200300 tonnes and 221775 tonnes. 3-month Asian...
According to the Shanghai Metals Market, social inventories of primary aluminium accumulated 46,000 tonnes over the weekend across the eight major Chinese consumption areas, including SHFE warrants, as of Monday, January 9. The inventories have come in at 622,000 tonnes versus 576,000 tonnes on Thursday, January 5. On a week-on-week basis, primary aluminium inventories edge 61,000 tonnes higher than 561,000 tonnes on January 3 and 128,000 tonnes up from the end of December. This indicates the primary aluminium inventory has entered a season growth cycle, with a cumulative increase of 145,000 tonnes in four weeks. The chart below indicates the current status of primary aluminium inventories across China in more details: Wuxi has contributed most to the growth on Monday, building up 17,000...
Gulf Cooperation Council's largest premium aluminium producer has adopted Vectra's technology to identify real threats and their advancement through the cyber kill network so that quick action can be taken to detect an attack and stop a vital breach. This modernist approach, along with a substantial decrease in false optimism, has enabled a single security analyst to store and manage the SOC operations of that individual firm. An operative from the aluminium plant mentioned: "When it comes to protecting against attacks, the key challenge we faced was visibility — silos and isolated networks exist across the environment, and it was difficult to control it completely." "We also struggled with alert fatigue — we used to have a SIEM and antivirus solutions, and we would get a lot of alerts,...
Hydro Rein and Atlas Renewable Energy’s joint venture to build the Boa Sorte solar park in Paracatu, Minas Gerais, has secured financial aid, according to the report published on January 6. Hydro said the JV obtained the first US dollar indexed loan executed by Banco Nacional de Desenvolvimento Econômico e Social (BNDES), the Brazilian Development Bank. The joint venture between Hydro Rein and Atlas Renewable Energy was formed in May 2022 to develop the solar project in Brazil. Albras Alumínio Brasileiro S.A. (ALBRAS), the second-largest aluminium producer in Brazil, is expected to procure power from this solar park to feed its smelter in the state of Para, Brazil. BNDES, for the first time, executed US dollar indexed loan worth $210 million to a renewable energy project after the new...
LME aluminium opened at US$2,259.5 per tonne last Friday and closed at US$2,308 per tonne, an increase of US$52.5 per tonne or 2.33 per cent. On January 6, Friday, LME aluminium cash bid price plunged by US$26 per tonne or 1.15 per cent, closing the week at US$2,242 per tonne and the LME aluminium official settlement price dropped by US$27.50 per tonne or 1.21 per cent to rest at US$2,242.50 per tonne. The 3-month bid price and the 3-month offer price witnessed a decline of US$29 per tonne or 1.26 per cent to close at US$2,274 per tonne and US$2,275 per tonne, respectively. December 24 bid price and December 24 offer price stood at US$2,460 per tonne and US$2,465 per tonne on Friday, with a loss of US$33 per tonne or 1.32 per cent. LME aluminium opening stock plummeted by 7,975 tonnes or...
National Aluminium Company Limited (NALCO) has slashed its aluminium ingot and aluminium products prices, with effect from January 6, in line with the plunge in LME aluminium benchmark price by US$95 per tonne through the last week. NALCO has sharply cut its aluminium ingot price by INR 9,400 per tonne from INR 225,250-228,750 per tonne to INR 215,850-219,350 per tonne. NALCO’s aluminium wire rod price has also been reduced by INR 9,400 per tonne, with effect from January 6, from INR 229,750-234,100 per tonne on January 1 to INR 220,350-224,700 per tonne. Aluminium billets price is no exception but seen a cut by the same amount to range between INR 220,300-222,950 per tonne, compared to INR 229,700-232,350 per tonne on January 1. NALCO links its aluminium ingot and aluminium products...
The Indonesia-based company engaged in bauxite mining and alumina production, PT Cita Mineral Investindo Tbk (CITA), will be involved in two businesses in Bulungan, North Kalimantan, one of which manages an aluminium smelting facility and the other a power plant. However, PT Kalimantan Aluminium Industry (KAI) and PT Kaltara Power Indonesia are both third parties (KPI). On December 23, 2022, Yusak Lumba Pardede, the Director of CITA, said, "The transaction value of both companies' shares acquisition clocked to IDR 674.18 billion. The acquisition took place on December 20, 2022. The investment in KAI and KPI is intended to realise our plan to increase the value of minerals." CITA has acquired 330,624 unit shares out of KAI's total paid-up capital of 925,748. CITA IDR 330.62 billion, or...
Aluminium Bahrain B.S.C. (Alba), the first aluminium smelter in the Middle East, which opened its doors in 1971, announced on January 3, 2023, that it had achieved a new historic production record of 1,600,111 tonnes in 2022, an increase of 38,889 tonnes from 1,561,222 tonnes in 2021 (+2.5% Year-on-Year). The Portland Aluminium Smelter, operated by Alcoa, with an annual capacity of 35,000 metric tonnes, commenced production on December 22. As soon as the reboot was completed, Portland Aluminium started producing close to 95 per cent of its actual capacity of 358,000 metric tonnes. Currently, Alcoa has a combined total of about 186,000 metric tonnes. According to the sources, Rusal, one of the biggest producers of low-carbon aluminium, announced that they are attempting to boost their...
Vedanta Limited has increased its aluminium ingot and alumium products prices, with effect from Thursday, January 6, following a slash last day. On January 6, Vedanta’s aluminium ingot price has seen a rise of INR 1,250 per tonne to peg at INR 217,500-248,000 per tonne. On January 5, the price stood at INR 216,250-246,750, down by INR 7,500 per tonne from INR 223,750-254,250 per tonne on January 4 . Vedanta’s aluminium wire rod price has also experienced a rise of INR 1,750 per tonne on January 6 to clock at INR 225,000-232,500 per tonne, compared to INR 223,750-231,250 on January 5 after being reduced by INR7,500 per tonne. The company’s aluminium billet price has come in at INR 226,500 per tonne as of January 6 versus INR 225,250 per tonne on January 5. That reflects an increase of INR...
According to the Shanghai Metals Market, China's primary aluminium inventories massively increased by 83,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. On Thursday, January 5, the inventories totalled 576,000 tonnes, which in comparison with the month's first Tuesday, January 3, escalated by 15,000 tonnes. However, the inventories in China recorded 200,000 tonnes plunge from the same period last year. The social aluminium inventories in China have begun storing the ingots on a seasonal basis. Once the seasonal cycle breaks, there will be a sudden fall. All industry-related transactions are at a momentary halt due to the upcoming Chinese New Year. The supply stock was high in January only because smelters had augmented their production rate in...
The domestic social inventory of aluminium billets continued to rise this week and, as of January 5, the inventory had settled at 79,700 tonnes, up 18,800 tonnes from the previous week. As conversion margins increased in Foshan and the price differential between east and south China reverted to normal, more cargoes started to enter the area, increasing the local inventory. The output of aluminium extruders on the other hand substantially decreased due to inadequate orders, so even though it is predicted that the cutbacks in aluminium billet production will increase in January, the supply of this metal will still be ample. As a result, it is anticipated that aluminium billet inventories in both east and south China will increase. The figure below provides further information on the current...
The Shanghai Metals Market reported on Thursday, January 5, that Guizhou Power Grid issued a new notice, stating the power load across the province continued to run at a high level due to the steep rise in heating demand for low temperatures. Therefore, the power shortage extended even after two rounds of restrictions on power consumption at aluminium smelters. The third round of energy rationing targeting the aluminium smelters is implemented to meet the peak demand in winter. The new round of power rationing has so far ordered five aluminium producers, namely Guizhou Huaren New Material Co., Ltd., Zunyi Aluminium Co., Ltd., Guizhou Liupanshui Shuangyuan Aluminum Industry Co., Ltd., Guizhou Xingren Denggao New Material Co., Ltd. and Anshun Aluminium Co., Ltd., to cut their power...
