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 global primary aluminium industry is moving towards a more sustainable and greener environment. To begin with, EU signed the world's first carbon tariff agreement. According to the sources, the carbon border adjustment mechanism (CBAM) will protect the European industry against importing less costly, more polluting goods. Apart from this, Denis Manturov, the Russian Federation's Minister of Industry and Trade, declared that because of the EU and US sanctions, Russia will divert its metal exports from Western countries to alternative markets. In a renewed deal, the world's largest producer of aluminium, Rusal, committed to providing primary aluminium and scrap aluminium to the En+ Group subsidiary KraMZ. Alcoa Intalco Works, the aluminium smelting plant in Ferndale, was closed for more...
This year, Vedanta Aluminium celebrated Christmas in a new fashion, organising an innovative safety sensitisation campaign at its plant and township. Keeping the objective in mind while also the Christmas vibe, they named the campaign ‘Safety Santa’. The company’s personnel dressed as Santa Claus and visited the plants' sites and employees’ homes to spread the safety protocols at work and home in an engaging manner. Amid spreading the festive spirit, Vedanta Aluminium educated its community about safety measures through sessions like safety standdowns, fire-fighting training, adherence to personal protective equipment (PPEs), and the do’s and don’ts of electrical & household safety. “At Vedanta Aluminium, the safety and wellbeing of our community, employees, and business partners is of...
As of Thursday, December 29, China’s aluminium billet inventories were 60,900 tonnes, recording a growth of 5,100 tonnes from the week before. The overall supply of billets remained plentiful. While the inventory in east China may increase considerably due to stocking demand and comparatively more significant conversion margins, the inventory in south China is anticipated to increase gradually. The figure below provides further information on the current state of aluminium billet inventories in China: To begin with, the inventory in Wuxi and Huzhou surged by 4,400 tonnes and 3,000 tonnes to a total of 15,200 tonnes and 15,000 tonnes, whereas stocks in other locations only saw minor adjustments. On the other hand, in Foshan, the inventory had dropped by 1,500 tonnes to peg at 25,400 tonnes...
Investing in Norwegian aluminium smelters will enable Hydro to take the lead in climate-efficient aluminium solutions through continued industrial development and green transition initiatives. This will extend the lifespan of the aluminium smelters and will convert the products to low-carbon aluminium for a growing market. Ola Sæter, the Head of Primary Production at Hydro, said, "We are upgrading the plants, investing in the development of the plants, and implementing new technology such as recycling, carbon capture and green hydrogen to become the world's first supplier of zero-carbon aluminium. We recently agreed with Mercedes Benz for technology collaboration and to supply our aluminium products to support their investment in making lighter, more climate-friendly electric cars." In...
LME aluminium opened at US$2,376 per tonne on Thursday, with its high and low at US$2,417 per tonne and US$2,372 per tonne, respectively, before closing at US$2,411.5 per tonne, an increase of US$36.5 per tonne or 1.54 per cent. On December 29, Thursday LME aluminium cash bid price jumped up by US$29 per tonne or 1.24 per cent, closing precisely at US$2,371 per tonne, and the LME aluminium official settlement price inched up by US$28.50 per tonne or 1.22 per cent halting at US$2,371.50 per tonne. The 3-month bid price soared by US$22 per tonne or 0.92 per cent to halt at US$2,398 per tonne, and the 3-month offer price climbed up by US$21 per tonne or 0.88 per cent to rest at US$2,399 per tonne. December 23 bid price and December 23 offer price both spiked by US$22 per tonne or 0.89 per...
The Minister of Industry and Trade of the Russian Federation, Denis Manturov, stated that due to sanctions put in place by the EU and US, Russia would reroute its metal exports from Western nations to alternate markets. The minister identified China, Turkey, Southeast Asia, Russia-led Eurasian Economic Union members, and CIS countries as priority areas for diversifying metal supplies. Manturov predicts that trade flows will concentrate on Latin American, African, and Middle Eastern markets. Manturov said during a meeting with Mikhail Mishustin, the Russian Prime Minister, that "our firms, with the assistance of trade missions, are already reorienting exports, and that the government will take steps to support logistics.” Russia being a significant metal producer and exporter, so according...
A New York private equity group, a union, the state government, and the Bonneville Power Administration (BPA) has been working to reopen Alcoa Intalco Works, the aluminium smelting facility in Ferndale and rehire 700 of its former employees, for more than a year. However, the effort to restart the facility was doomed due to the high cost of electricity. In April 2020, Alcoa announced its Ferndale smelter's suspension in Washington due to declining demand and falling metal prices. To reduce the revival plant's carbon footprint and support Gov. Jay Inslee's campaign to tackle climate change, the state was asked to contribute $10 million to the project. But they were unable to reach an agreement. The main obstacle was the inability of the BPA and the New York City-based private equity firm...
In a renewed contract, the Russian aluminium giant Rusal agreed to continue the supply of primary aluminium and aluminium scrap to the En+ Group subsidiary KraMZ. Rusal, one of the world's leading aluminium producers, announced that it will supply about 77,220 tonnes of the material until December 31, 2023, for an annual transaction amount of approximately $179.2 million. The world's leading low-carbon aluminium producer, Rusal requirement of more than 90 per cent of the electricity for aluminium production gets clean and renewable hydroelectric power, which enables the company to produce low-carbon footprint products. Rusal's main products are primary aluminium and aluminium-based alloys, alumina, foil, and packaging. The Company has its resource base and carries out the entire...
Vedanta Limited trimmed its aluminium ingot and aluminium products prices by INR 1,250 per tonne on Tuesday, December 27, following a raise of INR 3,000 per tonne on December 22. That brought the company’s aluminium ingot price to INR 224,250-255,250 per tonne versus INR 225,500-256,500 per tonne on December 22. Vedanta’s aluminium wire rod price is currently hovering around INR 231,750-239,250 per tonne, compared to INR 233,000-240,500 per tonne in the previous week. With the latest cut, aluminium billet price has come in at INR 233,250 per tonne in comparison with INR 234,500 per tonne on December 22. Vedanta links its aluminium ingot and aluminium products prices with the three-month futures of aluminium on the London Metal Exchange, which slipped by US$20 per tonne from US$2,362 per...
LME aluminium opened at US$2,408 per tonne on Wednesday, with its high and low at US$2,433 per tonne and US$2,371 per tonne, respectively, before closing at US$2,375 per tonne, a drop of US$20.5 per tonne or 0.86 per cent. On Wednesday, December 28, both LME aluminium cash bid price and LME aluminium official settlement price inched up by US$0.5 per tonne or 0.21 per cent and US$1 per tonne or 0.04 per cent to stand at US$2,342 per tonne and US$2,343 per tonne. 3-month bid price and 3-month offer price climbed up by US$5 per tonne or 0.21 per cent to rest at US$2,376 per tonne and US$2,378 per tonne. December 23 bid price and December 23 offer price grew by US$1 per tonne or 0.04 per cent to settle at US$2,458 per tonne and US$2,463 per tonne. LME aluminium opening stock pegged at 461725...
China’s prebaked anode exports in November 2022 stood at 134,500 tonnes, reflecting a decline of 35.42 per cent month-on-month and 42.55 per cent year-on-year, found China customs data. The exports were valued at $157 million, with a unit price declining to $1,167.57 per tonne. China’s total exports of prebaked anode from January to November 2022 amounted to 1.84 million tonnes, an increase of 192,400 tonnes or 11.71 per cent Y-o-Y. Among the export destinations, Malaysia was the largest, with an import volume of 74,000 tonnes, far exceeding the actual local demand in Malaysia. It is expected that Malaysia’s import volume will shrink slightly in December. The exports to Russia were 5,600 tonnes. According to prebaked anode companies, China’s export decline is mainly due to weaker demand...
The renowned Indian aluminium producer Bharat Aluminium Company Limited (BALCO), a subsidiary of Vedanta Aluminium, has been awarded the "Gold Award" by Arogya World in the category of "Healthy Workplaces Awards - 2022." Arogya World is a global health non-profit organization working to prevent non-communicable diseases (NCDs)—diabetes, heart disease, cancer and chronic lung diseases—through health education and lifestyle change. The honour is proof of BALCO's top-notch staff health and wellbeing procedures, which are firmly ingrained in a culture of care. BALCO is instrumental in making healthcare accessible through its 75-bed super speciality BALCO Hospital in Balconagar, Korba. The hospital has a 24X7 emergency service, an Out Patient Department, an In-Patient Department, an Intensive...
The Gladstone power plant enjoying subsidies has been a recurring cause of concern for the federal government’s coal price cap compensation talks with Queensland. According to sources, the central Queensland power plant proprietors, Rio Tinto and its partners, are about to accept US$450 million to suffice the temporary price cap of US$125 per tonne. The low price cap was strategically introduced to combat the rising power prices. The federal government and Queensland will divide in half the compensation amount to be paid under the agreement, which was signed during the national cabinet earlier in December. Aligned with the ongoing negotiations, the Queensland government has claimed that US$450 million would stay “in the ballpark”. The Gladstone power plant is one of the two generators...
On December 28, 2022, four industry experts involved in the pricing discussions informed that some Japanese aluminium buyers agreed to pay global producers a premium of $86 per tonne over the benchmark price for January-March shipments, down 13% from the current quarter. The amount is less than the $99 per tonne paid in the quarter between October and December. The premium is at its lowest level since the quarter from October to December 2020, marking the fifth consecutive quarterly reduction. The premiums set the benchmark for the region for primary metal shipments that Japan, Asia's largest importer of light metal, agrees to pay over the London Metal Exchange (LME) cash price each quarter. Our source from the Japanese trading house said, "We have done the deals at $86 a tonne with two...
Today, on December 28, the SHFE benchmark aluminium price has ascended by US$9 per tonne or 0.33 per cent to reside at US$2,726 per tonne. Overnight, the most-traded SHFE 2302 aluminium contract opened at RMB 19,060 per tonne, with its low and high at RMB 18,980 per tonne and RMB 19,015 per tonne before closing at RMB 19,015 per tonne, up RMB 110 per tonne or 0.58 per cent. The most-traded SHFE 2302 aluminium closed up 2.91 per cent or RMB 540 per tonne at RMB 19,105 per tonne, with open interest up 24,250 lots to 168,550 lots. LME aluminium price The LME was closed on Monday, December 26 due to the Christmas holiday. The following day, December 27 it was kept shut to honour Boxing Day. However, on December 23, Friday, LME aluminium cash bid price slumped by US$19.50 per tonne or 0.82 per...
Emirates Global Aluminium (EGA), the world's largest 'premium aluminium' producer, has opened sustainable corporate bank accounts with Citi and Standard Chartered Bank. EGA is the first in the region to choose the accounts that ensure cash balances are used to finance or refinance sustainability progress across the economy. For money needed for daily and other short-term activities, EGA uses interest- bearing accounts. To support financing for environmental and social projects like renewable energy, energy efficiency, sustainable transportation, green buildings, and enhancing access to affordable basic infrastructure and essential services, Citi's sustainable deposit solution aims to assist corporate finance and treasury departments in investing extra cash in deposit accounts. "The...
According to the Shanghai Metals Market, social inventories of primary aluminium grew across China’s eight major consumption areas, including SHFE warrants, to total 484,000 tonnes. Over the weekend ended Monday, December 26, primary aluminium inventories accumulated 9,000 tonnes. Compared to last Monday, December 19, inventories this week edged 2,000 tonnes higher than 482,000 tonnes. However, the figure stands 32,000 tonnes lower than at the end of November 2022 and 356,000 tonnes than the same period last year. To know the current status of primary aluminium inventories across China in more details, refer to the chart below: This week, Wuxi contributed the highest to the growth in inventories by adding 14,000 tonnes from Thursday to total 103,000 tonnes, found SMM. In Gongyi, primary...
According to China customs data, the country imported 105,900 tonnes of unwrought aluminium alloy in November 2022, which was 11.4 per cent less year-on-year but 6.1 per cent more month-on-month. Imports in the first 11 months of 2022 totalled 1.19 million tonnes, up by 15.6 per cent on a yearly basis. Coming to exports, China’s unwrought aluminium alloy export volume in November stood at 18,900 tonnes, recording a hike of 57.5 per cent from the previous year and 3.5 per cent a month ago. The total exports from January to November amounted to 204,700 tonnes, a year-on-year rise of 44.3 per cent. In November, Pakistan emerged as the fifth largest supplier of unwrought aluminium alloy to China, replacing the Russian Federation. The top four suppliers were Malaysia, Thailand, South Korea,...
