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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LME aluminium opened at US$2,257.5 per tonne on Thursday, with its high and low at US$2,267 per tonne and US$2,255.5 per tonne, respectively, before closing at US$2,256 per tonne, flat from the previous trading day. On Thursday, January 5, both LME aluminium cash bid price and LME aluminium official settlement price gained US$19 per tonne or 0.84 per cent and US$20 per tonne or 0.88 per cent to stand at US$2,268 per tonne and US$2,270 per tonne. 3-month bid price and 3-month offer price surged by US$17 per tonne or 0.74 per cent to halt at US$2,303 per tonne and US$2,304 per tonne. December 24 bid price and December 24 offer price were hiked by US$16 per tonne or 0.64 per cent to peg at US$2,493 per tonne and US$2,498 per tonne. LME aluminium opening stock came in at 436500 tonnes. Live...
The world’s leading exporter of thermal coal, PT Adaro Energy Indonesia Tbk, plans to begin constructing the aluminium smelter in North Kalimantan this year and anticipates accomplishing it within two years or maximum, by 2025. Febriati Nadira, the Head of Corporate Communication at Adaro Energy, said, "Adaro hopes to realize the investment soon and start construction of the aluminium smelter at the end of this year. It is anticipated that the construction process will last 24 months.” ADRO, through its subsidiary, PT Adaro Minerals Indonesia Tbk, is developing an aluminium smelter through its subsidiary PT Adaro Indo Aluminum. The aluminium smelter will be constructed in the industrial area of PT Kalimantan Industrial Park Indonesia (KIPI), North Kalimantan. The total investment value...
Hindalco Industries Limited has continued to trim its aluminium ingot and aluminium product prices in line with the downtrend price on the London Metal Exchange. On Thursday, January 5, Hindalco slashed its aluminium ingot price by INR 7,500 per tonne or 3.36 per cent to INR 215,500 per tonne from INR 223,000 per tonne recorded a day before. Hindalco Industries also reduced its aluminium wire rod price by INR 7,500 per tonne or 3.20 per cent from INR 234,100 per tonne the previous day to INR 226,600 per tonne on January 5. Aluminium billets price was no exception and experienced a cut by the same amount to INR 229,600 per tonne. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which sloped down by...
LME aluminium opened at US$2,272 per tonne on Wednesday, with its high and low at US$2,277 per tonne and US$2,265 per tonne respectively before closing at US$2,267 per tonne, a drop of US$6 per tonne or 0.22 per cent. On January 4, Wednesday, LME aluminium cash bid price went down by US$88 per tonne or 3.76 per cent, closing at US$2,249 per tonne and the LME aluminium official settlement price dropped by US$87.50 per tonne or 3.74 per cent to rest at US$2,250 per tonne. The 3-month bid price and the 3-month offer price experienced a slump of US$82 per tonne or 3.46 per cent to close at US$2,286 per tonne and US$2,287 per tonne, respectively. December 24 bid price and December 24 offer price stood at US$2,477 per tonne and US$2,482 per tonne on Wednesday. LME aluminium opening stock dived...
Vedanta Limited has reduced its aluminium ingot and aluminium products prices with effect from Wednesday, January 4. The company’s aluminium ingot price has seen a cut of INR 1,750 per tonne, reaching INR 223,750-254,250 per tonne versus INR 225,500-256,000 per tonne on January 3. Vedanta’s aluminium wire rod price has also been trimmed by INR 1,750 per tonne on January 4 from INR 233,000-240,500 per tonne to INR 231,250- 238,750 per tonne. The company’s aluminium billets price is no exception but also experienced a cut of INR 1,750 per tonne to come in at INR 232,750 per tonne, compared with INR 234,500 per tonne on the earlier day. Vedanta links its aluminium ingot and aluminium products prices with the three-month futures of aluminium on the London Metal Exchange, which slipped by...
LME aluminium opened at US$2,318 per tonne on Tuesday, with its high and low at US$2,318.5 per tonne and US$2,309 per tonne, respectively, before closing at US$2,311 per tonne, a drop of US$7 per tonne or 0.3 per cent. On Tuesday, December 3, both LME aluminium cash bid price and LME aluminium official settlement price dipped by US$23 per tonne or 0.97 per cent to close at US$2,337 per tonne and US$2,337.50 per tonne. 3-month bid price and 3-month offer price dropped by US$23 per tonne or 0.96 per cent to score at US$2,368 per tonne and US$2,369 per tonne. LME aluminium opening stock came in at 447250 tonnes. Live warrants and Cancelled warrants scored at 201350 tonnes and 245900 tonnes. LME aluminium 3-month Asian Reference Price climbed down by US$24.75 per tonne to reside at...
On Tuesday, January 3, Vedanta Limited announced its aluminium production recorded a drop of 2 per cent over a quarter to stand at 566,000 tonnes in the third quarter of the current financial year. In Q2 FY2023, Vedanta’s aluminium output was 584,000 tonnes, reflecting a 2 per cent rise sequentially. During Q3 FY2022, Vedanta’s aluminium output was 579,000 tonnes, meaning the company’s metal production edged lower Y-o-Y in Q3 FY23. Vedanta’s alumina production at the Lanjigarh refinery decreased 6 per cent year-on-year and 2 per cent quarter-on-quarter reaching at 443,000 tonnes in Q3. Vedanta said that in a filing to BSE, explaining maintenance activities in calciners was the reason for the downfall. But the production of other metals like zinc and iron ore registered a growth on the...
A00 aluminium ingot price has nosedived by RMB 300 per tonne, resting at RMB 18,020 per tonne, as the Shanghai Metals Market recorded on Wednesday, January 4. The average prices are expected to range between RMB 18,000 per tonne and RMB 18,040 per tonne, with spot contracts trading at discount prices of RMB 60 per tonne and RMB 20 per tonne. The provinces in China all have witnessed plunging prices today, with the aluminium price dropping the highest in Wuxi and Chongqing by RMB 310 per tonne, officially closing at RMB 18,000 per tonne and RMB 18,070 per tonne, respectively. The prices of aluminium in Foshan, Hangzhou and Linyi have all shed a massive RMB 300 per tonne, halting at RMB 18,000 per tonne, RMB 18,030 per tonne and RMB 18,020 per tonne. In Tianjin, the aluminium price fell by...
On January 03, 2023, the first aluminium smelter in the Middle East, Aluminium Bahrain B.S.C. (Alba), which started its journey in 1971, announced that it had set a new historic production record of 1,600,111 tonnes in 2022, a rise of 38,889 tonnes versus 1,561,222 tonnes in 2021 (+2.5% Year-on-Year). Ali Al Baqali, the Chief Executive Officer of Alba, commented on the achievement of this milestone, "This all-time production record translates our motto' opportunities don't happen, we create them by doing the best we can with what we have'. We also look forward to setting new highs in the future driven by our in-house production creep." "I take the opportunity to express my gratitude to the Management team, our employees and contractors' personnel for making our 2022 objectives a reality...
According to the Shanghai Metals Market, social inventories of primary aluminium built up 68,000 tonnes over the New Year’s holiday across eight major consumption areas, including SHFE warrants, to reach 561,000 tonnes as of Tuesday, January 3, 2023. On a week-on-week calculation, the inventories recorded a surge of 77,000 tonnes from 484,000 tonnes but 241,000 tonnes lower than in the same period last year. The growth in inventories during the New Year’s holiday could be attributed to the increased arrivals of stocks across all the major markets, except Tianjin. Wuxi contributed the highest to the weekend rise, followed by Gongyi. To know more about the current status of primary aluminium inventories, refer to the chart below: Wuxi recorded a surge of 31,000 tonnes over the holiday to...
On 22 December, news came floating that Alcoa’s Portland Aluminium smelter has resumed production with an annual capacity of 35,000 metric tonnes. The production had been reduced up until now in the Victoria-based Australian aluminium smelter. As soon as the reboot was successful, Portland Aluminium began producing almost 95 per cent of its actual capacity of 358,000 metric tonnes. Around 186,000 metric tonnes of Alcoa’s consolidated capacity is now in the pipeline. The Acting Operations Manager of Portland Aluminium, Mark Crespan, claimed that the prompt optimisation of the 40th and final most pot for the Line 2 East project could be attributed to the intense effort spent by a huge team of expert individuals, all backed by a broad cluster of Australian and international enthusiasts. Mark...
A week after the last update, National Aluminium Company Limited (NALCO) slightly increased its aluminium ingot and aluminium products prices on January 1, 2023. The company’s aluminium ingot price welcomed the New Year, reaching INR 225,250-228,750 per tonne, up by INR 1,000 per tonne from INR 224,250-227,750 per tonne on December 24. NALCO aluminium wire rod price also saw an increase of INR 1,000 per tonne to stand at INR 229,750-234,100 per tonne as of January 1 versus INR 228,750-233100 per tonne a week ago. Aluminium billets price was no exception but grew by the same amount to hover around INR 229,700-232,350 per tonne, compared to INR 228,700-231,350 per tonne as of December 24. NALCO increased its aluminium ingot and aluminium products prices in response to the rise in the LME...
The year 2022 has been highly active for the global aluminium industry, and the sector also experienced some significant developments in the year's final month. Indonesia finally announced the long-awaited ban on bauxite export, which will take effect in June 2023. Exports of other unprocessed minerals, such as copper, are prohibited under Indonesia's current mining law. The European Union has sealed the world’s first carbon tariff agreement, and in its initial stage, it has included aluminium imports among the other commodities. The President of Indonesia, Joko Widodo, announced on December 20, 2022, that the nation would ban bauxite exports, the primary ore source of aluminium, starting from June 2023 to boost the domestic processing of the material. Indonesia ranks among the world's...
Today, on January 3, the benchmark aluminium price for SHFE has plunged by US$14 per tonne or 0.52 per cent to halt at US$2,678 per tonne. The most-traded SHFE 2302 aluminium contract opened at RMB 18,720 per tonne at last Friday’s day session, with its high and low at RMB 18,770 per tonne and RMB 18,700 per tonne before closing at RMB 18,725 per tonne, up RMB 20 per tonne or 0.11 per cent. The most-traded SHFE 2302 aluminium closed down 0.03 per cent or RMB 5 per tonne at RMB 18,700 per tonne, with open interest down 12,913 lots to 136,749 lots. LME aluminium price LME aluminium opened at US$2,376.50 per tonne last Friday, with its high and low at US$2,389 per tonne and US$2,375 per tonne, respectively, before closing at US$2,388.50 per tonne, an increase of US$12.5 per tonne or 0.53 per...
According to our source in China, it has been reported on December 30, 2022, Rusal, a significant low-carbon aluminium producer, is trying to increase its low-carbon aluminium exports to China in light of the two countries cordial relations and the growing demand for the metal from Chinese electric vehicles manufacturers. Per the 2021 data from the International Aluminium Institute (IAI), primary aluminium is one of the most carbon-intensive segments of the metals business, and the automobile industry uses a lot of aluminium sheets, producing an average of 16.6 tonnes of carbon dioxide per tonne of metal. In order to reduce carbon emissions, more and more low-carbon aluminium is produced utilizing hydropower or recycled materials. The Russian aluminium producer contributes significantly...
In November 2022, primary aluminium production in North America stood at 308,000 tonnes, reflecting a drop of 5,000 tonnes or 1.60 per cent M-o-M following an increase in the previous month, found the International Aluminium Institute. In October 2022, the output grew by 12,000 tonnes or 4 per cent sequentially from 301,000 tonnes to 313,000 tonnes. However, on a year-on-year calculation, North America’s primary aluminium production stood the same. In the eleven months of 2022, primary aluminium production in North America totalled 3.422 million tonnes, down by 3.82 per cent from 3.558 million tonnes during the corresponding period of the last year. In South America, primary aluminium production during November 2022 also dropped month-on-month by 3,000 tonnes or 2.5 per cent, reaching...
On Friday, December 30, both LME aluminium cash bid price and LME aluminium official settlement price closed the week with a dip of US$11 per tonne or 0.46 per cent to close at US$2,360 per tonne and US$2,360.50 per tonne. As per the SMM data, 3-month bid price and 3-month offer price also slipped by US$7 per tonne or 0.29 per cent to reside at US$2,391 per tonne and US$2,392 per tonne. December 23 bid price and December 23 offer price closed at US$2,470 per tonne and US$2,475 per tonne after recording a slip of US$10 per tonne or 0.40 per cent. LME aluminium opening stock closed at 450300 tonnes. Live warrants and Cancelled warrants halted at 201350 tonnes and 248950 tonnes. LME aluminium 3-month Asian Reference Price, on the other hand, hiked by US$27.48 per tonne or 1.15 per cent to...
According to the Shanghai Metals Market, China's primary aluminium inventories increased by 18,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, December 29, the inventories totalled 493,000 tonnes, which in comparison with the month's last Monday, November 26, escalated by 9,000 tonnes. As of now, the inventories in December dropped by 23,000 tonnes from the end of November and recorded 306,000 tonnes plunge from the same period last year. The aluminium ingot output surges amalgamated with low downstream intake in the off-season are reasons affecting the social inventory so that they remain periodically stored in warehouses. Anyhow, the production cuts in Yunnan and Guizhou are also primary concerns that should be addressed...
