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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On December 15, 2022, while distributing dividend Norsk Hydro, the Norwegian aluminium maker, stated that it would slash more costs and raise its capital expenditure (Capex) in 2023. On the plus side, Hydro anticipated rising industrial demand for aluminium produced with fewer emissions and reduced carbon impact. Hydro said, "The Company aimed to reduce its annual costs by 3.5 billion crowns ($358.7 million) to a total of 11 billion crowns by 2027, up from its previous target of 8.5 billion crowns between 2019 and 2025." Hilde Merete Aasheim, the Chief Executive Officer, said, "Cost cuts are coming from thousands of initiatives throughout the business to improve productivity and cut fixed costs." The group expected capital expenditure of 13.5 billion crowns in 2023, including a 2.1...
According to the National Bureau of Statistics (NBS), China’s primary aluminium production in November 2022 escalated by 9.4 per cent year-on-year as power restrictions eased, allowing some regions to ramp up output and small smelters to commence operations. NBS data showed China produced 3.41 million tonnes of primary aluminium in November'22, which, however, was down by 1.16 per cent month-on-month from 3.45 million tonnes. China’s primary aluminium production had grown consistently in each month of 2022 compared to the previous year when electricity consumption restrictions caused significant declines in output. Along with the production, demand for the metal has also increased this year, especially in the construction and transportation sectors after China relaxed its COVID19 –related...
The global industry leader in bauxite, alumina and aluminium products, Alcoa Corporation, with a vision to reinvent the aluminium industry for a sustainable future, has been recognized as a leader for environmental, social, and governance (ESG) performance with its most recent inclusion in the S&P Dow Jones Sustainability Indices (DJSI). Alcoa has been ranked among the companies with excellent ESG performance in the annual indices since the DJSI was established in 1999. This year, Alcoa's ESG score was in the 96th percentile, placing it in the top spot among all foreign companies in Alcoa's industry peer group. For the aluminium industry, Alcoa was ranked first in the economic and governance categories and environmental categories (biodiversity, environmental reporting, operational...
Cimic Group's specialist end-to-end engineering and services provider, UGL, has been awarded five multi-year energy and resources contracts in Western Australia amounting to $136 million. The projects will start in late 2022. However, UGL will work with its existing client, Alcoa, per the contract extension, to provide electrical, instrumentation, mechanical and access services at an aluminium smelter and a five-year turbine servicing contract. A three-year agreement for electrical, instrumentation, mechanical, and cranage services for Santos' onshore and offshore gas assets was also secured by UGL, while a prolongation of Woodside Energy's asset preservation services at the Macedon Gas Plant on land and the offshore Pyrenees vessel. Juan Santamaria, the Executive Chairman of Cimic Group,...
LME aluminium opened at US$2,455 per tonne on Wednesday, with its high and low at US$2,466.5 per tonne and US$2,423 per tonne respectively before closing at US$2,452 per tonne, a drop of US$2.5 per tonne or 0.1 per cent. On December 14, Wednesday, LME aluminium cash bid price slumped by RMB 8 per tonne or 0.33 per cent, resting at RMB 2,379 per tonne and the LME aluminium official settlement price trickled down by US$8.50 per tonne or 0.35 per cent, closing at US$2,379.50 per tonne. The 3-month bid price and the 3-month offer price refrained from any alteration. December 23 bid price and December 23 offer price both hiked US$2 per tonne or 0.08 per cent, stopping at US$2,505 per tonne and US$2,510 per tonne, respectively. LME aluminium opening stock experienced a plunge of 7,125 tonnes or...
Australia’s aluminium biggies reportedly support a federal plan to cap coal and gas prices to contain high energy bills, claiming energy-intensive industries are at risk until provided immediate price relief. The proposed price cap is $12 a gigajoule, which gas producers think will deter vital future investments and jeopardise energy security. But nonetheless, Australian aluminium giants like Rio Tinto, Alcoa, and Tomago welcome Albanese government’s plan. Australian Aluminium Council chief executive Marghanita Johnson said the industry saw a four-fold increase in energy prices in the past one year, given the effect of Russia-Ukraine conflict on global energy resulting in supply crunch. “Currently, the pendulum has swung too far in favour of exports, to the detriment of domestic...
The RHB Research Institute in Malaysia has declared that Press Metal Aluminium Holdings Bhd is one of its biggest alternatives for providing low-carbon aluminium opposing the smelters in the ASEAN vicinity. The risk-reward factor for the basic raw materials industry would be on a constant rise with the slowly declining inflationary pressure and the prevailing curtailment in global aluminium provision. This will result in augmented demand for hard commodities, RHB claims. “Press Metal is set to benefit from the structural demand shift towards Asian smelters as the European facilities are being hampered by the energy crisis there,” pointed out RHB Research. The research house specifically mentioned aluminium’s case that the commodity price on the London Metal Exchange (LME) witnessed a...
The largest company in the Austrian aluminium industry sector, AMAG Austria Metall AG, celebrated 30 years of ownership in Aluminerie Alouette. By safeguarding its primary source of aluminium input material for 30 years, AMAG held a 20% stake in Aluminerie Alouette in Canada. A worldwide renowned producer of the cast and rolled aluminium products, AMAG Austria Metall AG, is dedicated to "sustainability" and "innovation." When it was opened in 1939 as an aluminium smelter to guarantee the supply of raw materials for the German market, this development was anything but self-evident. For 30 years, the primary metal production of AMAG does not occur at the Ranshofen site but at the Aluminerie Alouette in Québec, Canada. This is when Austria Metall AG (AMAG) first adopted its current name and...
In October 2022, primary aluminium production in North America stood at 313,000 tonnes, rising by 3.99 per cent or 12,000 tonnes month-on-month. In September, the output was 301,000 tonnes, down by 4,000 tonnes or 1.31 per cent from 305,000 tonnes in August. Despite an increase in monthly production in October’22, North America’s primary aluminium output edged a drop of 1.57 per cent over the year from 318,000 tonnes. In the first ten months of 2022, primary aluminium production in North America totalled 3.114 million tonnes, down by 4.18 per cent from 3.25 million tonnes during the same period last year. In South America, primary aluminium production in October 2022 was 120,000 tonnes, 4.34 per cent higher than 115,000 tonnes in September, and 20 per cent more than 100,000 tonnes in...
LME aluminium opened at US$2,418 per tonne on Tuesday, with its high and low at US$2,485 per tonne and US$2,407 per tonne, respectively, before closing at US$2,454 per tonne, an increase of US$43.5 per tonne or 1.8 per cent. On Tuesday, December 13, both LME aluminium cash bid price and LME aluminium official settlement price climbed down by US$2.5 per tonne or 0.10 per cent and US$2 per tonne or 0.08 per cent to halt at US$2,387 per tonne and US$2,388 per tonne. 3-month bid price and 3-month offer price inched down by US$1 per tonne or 0.04 per cent and US$2 per tonne or 0.08 per cent. December 23 bid price and December 23 offer price slipped by US$3 per tonne to halt at US$2,503 per tonne and US$2,508 per tonne. LME aluminium opening stock came in at 496425 tonnes. Live warrants and...
Hindalco Industries Limited has slashed its aluminium ingot and aluminium products prices, with effect from Tuesday, December 13, following a hike a weak ago. According to the latest price chart revealed by the company, aluminium ingot price has experienced a cut of INR 5,500 per tonne or 2.36 per cent to stand at INR 227,250 per tonne as of December 13 versus INR 232,750 per tonne on December 6. Hindalco’s aluminium wire rod price has also seen a decline of INR 5,500 per tonne, with effect from December 13, to peg at INR 238,350 per tonne, compared to INR 243,850 per on December 6. Aluminium billets price is no exception but also undergone a fall by the same amount to come in at INR 241,350 per tonne. On December 6, the price stood at INR 246,850 per tonne after been raised by INR 4,500...
LME aluminium opened at US$2,468 per tonne on Monday, with its high and low at US$2,468 per tonne and US$2,402 per tonne respectively before closing at US$2,411 per tonne, a drop of US$59 per tonne or 2.39 per cent. On December 12, Monday, LME aluminium cash bid price and the LME aluminium official settlement price both downsized by US$63.50 per tonne or 2.59 per cent, beginning the week at US$2,389.50 per tonne and US$2,390 per tonne, respectively. The 3-month bid price saw a decline of US$59.50 per tonne or 2.39 per cent, settling at US$2,428 per tonne, while the 3-month offer price had a price slump of US$58 per tonne or 2.33 per cent, resting at US$2,430 per tonne. December 23 bid price and December 23 offer price both plunged US$53 per tonne or 2.07 per cent, stopping at US$2,500 per...
The 24th edition of the Arab International Aluminum Conference (Arabal) hosted by Egyptalum from November 29 to December 1, 2022, was a massive success at the Nile Ritz Carlton in Cairo, Egypt. With around 22 exhibitors, the event was attended by top companies like Sohar Aluminium, EGA, Aluminium Bahrain (Alba), Mozal Aluminium, etc. The theme of this year's event was "Enabling a more sustainable future," and it included insights from top industry stalwarts from every segment of the aluminium supply chain, including smelters, producers, technology providers, financiers, and end users. Arabal is the region's premier aluminium event and offers a prime setting for networking and exchanging answers to the world's problems. The event was attended by top industry experts like Abdulnasser Bin...
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On December 12, 2022, under the directives of Aluminium Bahrain B.S.C. (Alba)’s Chief Executive Officer Ali Al Baqali, the company rolled out a mini plant-wide Safety & E.S.G. Campaign, ‘Back to Core Basics’. The campaign was commenced with a welcoming note by Alba’s CEO, followed by an interactive Executive Panel Discussion featuring Alba’s Chief Marketing Officer, Khalid A. Latif and Chief Operations Officer, Dr Abdulla Habib, as well as senior officials from Major Contracting Companies -- MD of SMS WLL John Witter and MD of SKD Group S. Hassan Al Durazi. The panel discussion was moderated by Mohamed Khalil Saeed, Alba's Director of Safety, Health, and Environment, and explored ways to improve Alba's and Contractors' Safety missions. While speaking at the launch event of this...
The Ministry of Energy and Mineral Resources (ESDM), Indonesia, solicited PT Indonesia Asahan Aluminum (Persero) or Inalum operating to expedite the accomplishment of development projects and increase the capacity of the aluminium smelter and alumina refinery. However, this is in line with the issuance of a government regulation (PP) regarding the uncoupling of business operations or the split-off of the state-owned mining company and BUMN Mining Industry Holding Indonesia (MIND ID). Agus Tjahajana, the special staff to the Minister of Energy and Mineral Resources for the Acceleration of Industrial Development of the Energy and Mineral Resources Sector, said, "The split-off is expected to make Inalum Operating more serious in accelerating processing and production capacity increases to...
On Thursday, December 8, the social inventory of aluminium billets was 71,600 tonnes, up 2,600 tonnes from the previous week but down 4,300 tonnes from the previous Monday, December 5. The inventory increased by 4,300 tonnes from November's end but decreased by 13,900 tonnes from the prior year. Aluminium billets can be produced immediately by continuous casting, extrusion, or hot rolling an ingot or bloom. The figure below provides further information on the current state of aluminium billet inventories in China: As per the SMM reports, the aluminium billet inventories had increased in almost all the major provinces. The inventories in Foshan and Huzhou had ascended by 3,900 tonnes and 1,000 tonnes to settle at 48,300 tonnes and 8,000 tonnes. On the other hand, in Wuxi and Changzhou, the...
The World Trade Organization (WTO) ruled on Friday that the 2018 tariffs placed on foreign aluminium and steel by then-President Donald Trump were unjustified, which was unaccepted by the Biden administration. The Biden administration took action to avoid the tariffs, but it disagreed with the WTO's judgement and said it exceeded its power by rejecting levies because of national security concerns. Reports indicate that WTO's ruling won't significantly affect the world. If the United States challenges the decision, it will be ineffective since the WTO's Appellate Body has not been operational for three years due to the United States blocking the nomination of new judges. "The United States strongly rejects the flawed interpretation and conclusions. The United States has held the clear and...
China’s aluminium production in November 2022 (30 calendar days) amounted to 3.34 million tonnes, which reflected an increase of 8.7 per cent year-on-year, found the Shanghai Metals Market. But on a month-on-month calculation, the output stood 2.05 per cent lower than 3.41 million tonnes (31 calendar days). That indicated aluminium production in November’22 saw both increase and decrease; however, the growth was more significant based on rising production capacity due to the resumption of smelters in Guangxi and Sichuan. Despite the downfall in monthly production in November, China’s daily aluminium output rose from 110,100 tonnes to 111,200 tonnes. China’s total aluminium production from January to November stood at 36.64 million tonnes, up by 3.7 per cent from the same period last year....
