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 Board of the Russian aluminium giant and one of the world’s leading aluminium producers, Rusal, has approved the updated climate strategy until 2032 with a perspective up to 2050. The updated climate strategy was adopted at the Rusal Board of Directors meeting in Krasnoyarsk. The Strategy is divided into two scenarios: basic and intensive, each of which defines a strict framework for achieving the company's decarbonization goals. Rusal plans to reduce greenhouse gas emissions intensity per tonne of metal from all production facilities (Scope 1, Scope 2 - direct and indirect energy emissions) by at least 25 per cent by 2032 and by at least 47 per cent by 2050, compared to 2018, excluding the effect from carbon emissions neutralization projects. This reduction is in line with the most...
Hindalco Industries Limited has continued to cut its aluminium ingot and aluminium products prices for the fourth time in a row, effective from Tuesday, December 20. After a cut of INR 1,500 per tonne on December 17, Hindalco has further reduced its aluminium ingot price by INR 3,000 per tonne to stand at INR 221,500 per tonne as of December 20. Hindalco’s aluminium wire rod price has also been cut by INR 3,000 per tonne or 1.34 per cent on December 20 to INR 232,600 per tonne. On December 17, the wire rod price stood at INR 235,600 per tonne, down by INR 1,500 per tonne from INR 237,100 per tonne. Hindalco’s aluminium billets price has also suffered a loss of INR 3,000 per tonne on December 20 to peg at INR 235,600 per tonne versus INR 238,600 per tonne on December 17. Hindalco has...
LME aluminium opened at US$2,394 per tonne Monday, with its high and low at US$2,402.5 per tonne and US$2,358.5 per tonne, respectively, before closing at US$2,370 per tonne, a drop of US$9 per tonne or 0.38 per cent. On Monday, December 19, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$28 per tonne or 1.18 per cent and US$27 per tonne or 1.14 per tonne to halt at US$2,325 per tonne and US$2,327 per tonne. 3-month bid price and 3-month offer price settled at US$2,363.50 per tonne and US$2,364 per tonne after witnessing a fall of US$32.5 per tonne or 1.35 per cent and US$34 per tonne or 1.41 per cent. December 23 bid price and December 23 offer price slipped by US$32 per tonne to halt at US$2,448 per tonne and US$2,453 per tonne. LME aluminium...
Emirates Global Aluminium (EGA), the most significant industrial organisation in the United Arab Emirates, excluding the oil and gas sector, has nodded in agreement to provide Kobe Steel with CelestiAL solar aluminium for creating automotive body sheets designated to be used in Nissan vehicles. EGA's supply deal with Kobe Steel will help in introducing the company's flagship solar aluminium, CelestiAL, in one of the most humungous rolling mills in Japan. Aluminium sheets are hugely in demand due to the rising Japanese automotive sector that gulps them down to constitute vehicle body components like panels, bonnets and doors. EGA has nourished a business relationship with Kobe Steel for more than two decades and a half, supplying them with over thousands of tonnes of aluminium each year....
On December 19, 2022, the world's leading industrial company committed to a sustainable future, Norsk Hydro and two partners stated that they plan to build an onshore wind farm costing between 3 and 4 billion Norwegian crowns ($304 million-$405 million) in Norway's west coast. If permitted, the project would use 50 wind turbines to provide one terawatt hour (TWh) of clean energy for present and future enterprises in the Hoeyanger and Sunnfjord areas. Local communities in Norway have recently opposed onshore wind farm projects out of concern for preserving pure nature, but Hydro said it aimed to overcome any potential opposition. Hydro, in its statement, stated, "The project will provide yearly income for Hoeyanger and Sunnfjord municipalities, as well as local value creation in the...
The global mining and metal giant Rio Tinto has announced the appointment of Kaisa Hietala as a non-executive director. A Finnish citizen, Kaisa Hietala, will join the Board on March 1, 2023. An experienced executive, Kaisa Hietala has a proven track record of assisting businesses in transforming environmental megatrends' challenges into growth opportunities. Her career began in upstream oil and gas exploration. As Neste's Executive Vice President of Renewable Products, she was instrumental in the company's commercial transformation into the world's largest and most profitable producer of renewable products. Kaisa Hietala is a seasoned non-executive director who chairs the board of Tracegrow, a private Finnish manufacturer of sustainable fertilisers. She also sits on the boards of Exxon...
The advent of the Paris Agreement in 2015 made it very clear to the energy-intensive industries of the world that it was high time to curb their carbon emissions. Factories and refineries were warned about the severe effects of carbon earlier, but with this agreement, the entire world came to actual terms with the truth about nature's depreciating condition. Instantly, many big organisations started mapping their journey toward carbon-less material or component production. Among them, aluminium plays a considerable part since it is a fully integrated industry for mining, energy-intensive refineries and product manufacturing facilities. The prominent players in the sector had to take a well-calculated step if they wanted to transform themselves into green industries. The need for renewable...
LME aluminium opened at US$2,390 per tonne last Friday, with its high and low at US$2,421 per tonne and US$2,372 per tonne, respectively before closing at US$2,379 per tonne, a drop of US$7 per tonne or 0.29 per cent. On December 16, Friday, LME aluminium cash bid price and the LME aluminium official settlement price trickled down by US$42 per tonne or 1.75 per cent, closing at US$2,353 per tonne and US$2,354 per tonne, respectively. The 3-month bid price and the 3-month offer price had an equivalent slump of US$32 per tonne or 1.32 per cent to halt at US$2,396 per tonne and US$2,398 per tonne. December 23 bid price and December 23 offer price both witnessed a similar fall of US$32 per tonne or 1.27 per cent, stopping at US$2,480 per tonne and US$2,485 per tonne, respectively. LME...
National Aluminium Company Limited (NALCO) reduced its aluminium ingot and aluminium products prices, with effect from December 15, following a significant rise of 6.6 per cent on December 7. NALCO this week cut its aluminium ingot price by INR 6,500 per tonne from INR 235,150-238,650 per tonne to INR 228,650- 232,150 per tonne. The company’s aluminium wire rod price also experienced a slash of INR 6,500 per tonne on December 15 to stand at INR 233,150-237,500 per tonne versus INR 239,650-244,000 per tonne on December 7. NALCO also withdrew INR 6,500 per tonne from its aluminium billets price, with effect from December 15, to sell the product at INR 233,100-235,750 per tonne, compared with INR 239,600-242,250 a week earlier. NALCO links its aluminium ingot and aluminium products prices...
The primary aluminium sector is gradually adopting more sustainable drives to build a better future for the upcoming generation. Vedanta's subsidiary, Bharat Aluminium Company Limited (BALCO), is exploring biodiesel applications across plant operations to decarbonise emissions, whereas the parent organisation has published a Sustainable Development (SD) Report for FY 2021–22, titled 'Accelerating to Net Zero.' The World Trade Organization's (WTO) ruling against the 2018 tariffs placed on foreign aluminium and steel by then-President Donald Trump was not appreciated by the Biden administration. SHFE aluminium price started the week with a decline of RMB 300 per tonne at RMB 18,960 per tonne, which slumped across the week to settle at RMB 18,840 per tonne, witnessing a decrease of 0.63 per...
Aluminium Stewardship Initiative (ASI), a multinational, non-profit organisation with the mission of maximising aluminium's contribution to a sustainable society, seeks to advance sustainability throughout the whole aluminium value chain. ASI Aluminium is a metal manufactured and obtained in line with ASI Standards, starting with its mined or recycled source and continuing through every stage of the value chain. ASI is the only responsible sourcing initiative covering procedures throughout the aluminium supply chain. This encompasses industries including packaging, transportation, building, and engineering, as well as upstream production and downstream usage sectors. The Aluminium Stewardship Initiative (ASI) aims to advance sustainability along the whole value chain for aluminium. By...
The signing of the first agreement named Kuessilueu, which means "the wind is turning" in Nelueun, by Pekuakamiulnuatsh First Nation and Rio Tinto marks the beginning of a new era in their relationship. From a human, cultural, and economic standpoint, this agreement lays the groundwork for both partners' innovative and sustainable alliance. The agreement, which Gilbert Dominique signed, Chief of the Pekuakamiulnuatsh First Nation, and Sébastien Ross, Managing Director, Atlantic Operations, Rio Tinto Aluminium, is the first step in a special process that could result in as many as 80 representatives from the Pekuakamiulnuatsh First Nation and Rio Tinto working together as early as 2023. They will collaborate in multidisciplinary teams for several months to identify opportunities for...
Vedanta Limited’s aluminium ingot and aluminium products prices have rebounded on December 16 after a dip on the previous day. On Thursday, December 15, the company cut its aluminium ingot selling price by INR 1,250 per tonne to INR 228,250- 259,250 per tonne but added to same amount on the next day to bring its ingot price back to INR 227,000 -258,000 per tonne. Vedanta’s aluminium wire rod price also built up INR 1,250 per tonne to stand at INR 235,750-243,250 per tonne on December 16, after losing the same amount on the preceding day to clock at INR 234,500-242,000 per tonne on December 15. Vedanta’s aluminium billets price has come in at INR 237,250 per tonne as of December 16, up by INR 1,250 per tonne from INR 236,000 per tonne on December 15. Vedanta has grown its aluminium ingot...
According to a report on Wednesday, December 14, global aluminium producers have proposed premiums of $95-$105 per tonne to Japanese buyers for the metal shipments during the first quarter of 2023. That is 4 per cent less than the current quarter, whilst at the same time, 6 per cent higher, as reported by three sources directly involved in quarterly pricing talks. Japan is Asia’s biggest importer of primary aluminium, and the premiums it agrees to pay for the metal each quarter over the London Metal Exchange (LME) cash price set the benchmark for the region. For the current quarter ending December 31, Japanese buyers pay a premium of $99 per tonne, 33 per cent less than $148 per tonne in Q3 and 42 per cent shorter than $172 per tonne in Q2 2022. The price negotiation for Q1 2023 began...
On National Energy Conservation Day, Vedanta Aluminium, the largest aluminium producer in India, released its Sustainable Development (SD) Report for FY 2021–22, titled 'Accelerating to Net Zero.' The report summarized the organization's performance concerning critical sustainability dimensions, including economic performance, supply chain management, climate change & energy management, air quality & emissions control, water management, biodiversity management, waste to wealth, safety, health & well-being, people excellence, community welfare, etc. Additionally, under the Taskforce for Climate-related Financial Disclosures, or TCFD framework, Vedanta Aluminium released its first climate change report titled "Road to Net Zero Carbon." Through this report, the corporation wants to educate...
Three-month LME aluminium opened at US$2,446 per tonne on Thursday, December 5, with high and low at US$2,450 per tonne and US$2,375.50 per tonne, respectively, before closing at US$2,386 per tonne, a drop of US$66 per tonne or 2.69 per cent. On Thursday, December 15, LME aluminium cash bid price accumulated US$16 per tonne to stand at US$2,395 per tonne and LME aluminium official settlement price gained US$16.50 per tonne to come in at US$2,396 per tonne. 3-month bid price and 3-month offer price totalled US$2,428 per tonne and US$2,430 per tonne, respectively. December 23 bid price and December 23 offer price rose by US$7 per tonne to hover around US$2,512 per tonne and US$2,517 per tonne, respectively. LME aluminium opening stock continued to plunge by 5,450 tonnes to total 483,850...
China’s social inventories of primary aluminium have suffered a loss of 18,000 tonnes week-on-week to reach a new low on Thursday, December 15. According to the Shanghai Metals Market data, inventories have come in at 482,000 tonnes, the lowest in nearly five years. The figure is also 34,000 tonnes lower than at the end of November and 429,000 tonnes less than a year ago. The continuous decline is attributed to output cuts at smelters and lower proportions of ingots. In addition, improved shipments from warehouses to downstream customers have contributed to the inventory fall. To know the current status of primary aluminium inventories across China in more details, refer to the chart below: In Nanhai, primary aluminium inventories have shrunk by 9,000 tonnes week-on-week to come in at...
India’s iconic aluminium producer and a subsidiary of Vedanta Aluminium, Bharat Aluminium Company Limited (BALCO), is exploring biodiesel applications across plant operations to decarbonize emissions. The business initially uses it as fuel for specialist vehicles used for plant-wide mobility. When burned, biodiesel has a substantially lower carbon impact than traditional, non-renewable fuels because it is made from organic matter. This is another effort the corporation is making to cut carbon emissions. The two key pillars of BALCO's decarbonization journey are energy efficiency and a rise in the use of green fuels. BALCO is attempting to achieve this goal by incorporating more renewable energy sources, such as biomass, biodiesel, and renewable energy, into its energy mix. For instance,...
