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$2,499.5 per tonne last Friday, with its high and low at US$2,517 per tonne and US$2,470 per tonne, respectively, before closing at US$2,470 per tonne, a drop of US$30 per tonne or 1.2 per cent. On Friday, December 9, both LME aluminium cash bid price and LME aluminium official settlement price slipped by US$14.5 per tonne or 0.58 per cent and US$15 per tonne or 0.60 per cent to settle at US$2,453 per tonne and US$2,453.50 per tonne. 3-month bid price and 3-month offer price slumped by US$8.5 per tonne or 0.34 per cent and US$10 per tonne or 0.40 per cent to close at US$2,487.50 per tonne and US$2,488 per tonne. December 23 bid price and December 23 offer price dipped by US$7 per tonne or 0.27 per cent to peg at US$2,553 per tonne and US$2,558 per tonne. LME...
Sustainability in the primary aluminium industry has grabbed the limelight this year. Both producers and consumers are increasingly making efforts to achieve a sustainable future. While the former are adopting innovative technologies and developing skills to reduce carbon emissions for producing the metal, the latter are making conscious attempts to consume low-carbon primary metal to manufacture greener semi-finished products. The year 2022 has really been an eventful one in respect to sustainability drives in the primary aluminium sector. Let us pick and learn the top 10 initiatives in this article. Alba signs MoU with Mitsubishi Heavy Industries to reduce its carbon footprint The year began with Alba’s collaboration with Mitsubishi Heavy Industries EMEA Ltd. (MHI EMEA), a subsidiary of...
This week the primary aluminium sector faced major market-related ups and down, with Rusal chief executive Evgenii Nikitin warning the deputy prime minister of Ireland, Leo Varadkar, on the boycott of Russian aluminium and its harrowing effects on the EU’s national economy. On December 5, the International Aluminium Institute (IAI) posted a report tracing the current contributions of the aluminium sector to the United Nations Sustainable Development Goals (UN SDGs). Sohar International Bank took part in the inauguration of Sanvira Carbon FZC LLC (SCL), an important manufacturing project financed by the Omani investment group under the esteemed patronage of H.E. Salim bin Nasser bin Said Al Aufi, Minister of Oil and Gas. The LME benchmark aluminium price clocked at US$2448.50 per tonne on...
The panel in the World Trade Organisation (WTO) dispute resolution processes in which Switzerland contested the restrictions put in place by the US on aluminium and steel since 2018 released its final report on December 9, 2022. The tribunal favoured Switzerland after concluding that the US regulations are against the GATT. The panel listened to Switzerland's legal defence. In its findings, the board concluded that the US measures had violated multiple GATT rules and were not justified by the security exemption outlined in the agreement. Invoking national security concerns, the United States (US) imposed extra taxes of 10 per cent on certain imports of aluminium products and 25 per cent on certain imports of steel products from March 23 2018. Switzerland started WTO dispute settlement...
According to the Shanghai Metals Market, China's primary aluminium inventories have remained stagnant at 500,000 tonnes accumulating data from all the eight major consumption areas, including SHFE warrants, on Thursday, December 8. The inventories in comparison with the month's first Monday, December 5, plummeted by 7,000 tonnes. As of now, the inventories in December dropped by 452,000 tonnes, as recorded in the same period last year and 16,000 tonnes on a month-on-month scale. To paint the whole picture, it must be mentioned that on average, the aluminium ingot social inventory has been down for the past two weeks, with spot cargoes in east China trading at a highly tagged premium. Although the downstream demand has withered away due to extreme aluminium prices, survey data says...
National Aluminium Company Limited (NALCO) has elevated its aluminium ingot and aluminium products prices, effective from December 7, in line with the LME aluminium price hike over a week. NALCO has significantly increased its aluminium ingot price by INR 14,700 per tonne or 6.6 per cent from INR 220,450-223,950 per tonne on November 29 to INR 235,150-238,650 per tonne on December 7. NALCO has also raised its aluminium wire rod price by INR 14,700 per tonne, with effect from December 7, to sell the product at INR 239,650- 244,000 per tonne versus INR 224,950-229,300 per tonne a week ago. Aluminium billets price is no exception but seen a lift of the same amount with effect from December 7 to be sold at INR 239,600-242,250 per tonne, compared to INR 224,900-227,550 per tonne on November...
Chris Blenkiron, the chief executive of New Zealand Aluminium Smelters Limited (NZAS), stated that smelting is better for the environment than a "green hydrogen" plant since it employs more people and generates more income per unit of electricity used. However, if a new power supply agreement with power producers is not reached by the end of 2024, the Tiwai Point Aluminium Smelter, owned by NZAS will have to shut down. Chris Blenkiron stated, "I'm hopeful that through our aluminium, our participation in the energy sector and our determination to be responsible environmental guardians that our story can continue beyond 2024," There is a rumour that a deal is close to being called. According to the reports, Chris Blenkiron revealed to the Trans-Tasman Business Council that he has been in...
The Russian aluminium giant Rusal, which is also among the biggest producers of aluminium worldwide, has risen to the top of the annual Donor Forum association ranking for corporate social responsibility. RUSAL received the highest rating possible and was placed in the A + category, as determined by the findings of the study of company social investment systems. A competition for corporate social activities was launched by Donor Forum this year as well. The expert jury gave two of RUSAL's social programmes top marks, and both took home awards. The programme "Sustainable Development of Social Responsibility Territories" came in second place in the category "The Best Corporate Social Investment Program in the Territories in the Context of Sustainable Development and Business Strategy." This...
A World Trade Organization (WTO) panel has ruled in favour of Norway against the United States in a dispute Norway brought over U.S. import duties imposed on aluminium and steel in 2018. Former U.S. President Donald Trump issued a memorandum setting responsibilities in March 2018. It exempted the European Union and some other allies but struck non-EU member Norway, a significant aluminium producer. The tariffs were imposed on American manufacturers, who had difficulty competing with cheap imports and were forced to close several domestic smelters. "The WTO panel's report, which was released today, concludes that the U.S. tariff on steel and aluminium was in breach of the WTO rules," said the Norwegian ministry. Many members have lodged similar complaints with the WTO, including the...
LME aluminium opened at US$2,500 per tonne on Thursday, and fluctuated around its opening price before closing at US$2,500 per tonne. On December 8, Thursday LME aluminium cash bid price escalated by US$17.50 per tonne or 0.71 per cent, closing at US$2,467.50 per tonne and the LME aluminium official settlement price surged by US$18 per tonne or 0.73 per cent, settling at US$2,468.50 per tonne. The 3-month bid price saw a rise of US$19.50 per tonne or 0.79 per cent, settling at US$2,496 per tonne, while the 3-month offer price had a price hike of US$21 per tonne or 0.85 per cent, resting at US$2,498 per tonne. December 23 bid price and December 23 offer price both gained US$22 per tonne or 0.86 per cent, stopping at US$2,560 per tonne and US$2,565 per tonne. LME aluminium opening stock...
With smelters in Gansu and Inner Mongolia starting to begin output, aluminium prices recorded a fall on Wednesday, December 7. The recent bulls have been priced in by investors, who have since begun to fret about the speed of US rate hikes and the prospects for Chinese demand. At the current high aluminium prices, market activity in the aluminium ingot and aluminium billet segments was comparatively poor. Poor sales and expensive aluminium may force some downstream manufacturers to halt output. In November, the nation exported 455,599 tonnes of unwrought aluminium and primary, alloy, and semi-finished aluminium products. China's trade surplus decreased to USD 69.84 billion in November of this year from USD 71.7 billion in the corresponding month of the previous year, significantly below...
On November 21, 2022, Aluminium Bahrain B.S.C. (Alba) received two major awards – ‘Gold’ Green World Award and Green World Leader for 2022, from the Green Organisation as announced in the Green Apple Awards ceremony held at the Palace of Westminster, London, UK. Alba's Chief Executive Officer Ali Al Baqali commented on the honour: "As one of the leading industrial companies in the Region, Alba has been a keen investor in sustainable initiatives that help preserve and protect the environment. Winning two prestigious Awards from the Green Organisation translates into our ongoing commitment to operating sustainably and producing responsibly." Mohamed Khalil, Alba's Director of Safety, Health, Environment, Fire, and Security, added: "At Alba, we have a lifelong commitment to sustainable...
The most-traded SHFE 2301 opened at RMB 19,140 per tonne overnight and then closed the night session at RMB 19,185 per tonne, down RMB 70 per tonne or 0.36 per cent. On Wednesday, December 7, both LME aluminium cash bid price and LME aluminium official settlement price slipped by US$10.5 per tonne or 0.42 per cent to settle at US$2,450 per tonne and US$2,450.50 per tonne. 3-month bid price and 3-month offer price shrunk by US$13.5 per tonne or 0.54 per cent to peg at US$2,476.50 per tonne and US$2,477 per tonne. December 23 bid price and December 23 offer price slumped by US$15 per tonne or 0.58 per cent to halt at US$2,538 per tonne and US$2,543 per tonne. LME aluminium opening stock clocked at 483575 tonnes. Live warrants and Cancelled came in at 224000 tonnes and 259575 tonnes. LME...
According to a report published on December 6, 2022, by the Swedish Defense Research Agency (FOI), Russian corporations pose a threat to the nation's security. There are 128 Russian-owned companies in Sweden, four of which are on the EU sanctions list, while one is on the US and UK blacklists. The Swedish Defence Research Agency, FOI, is one of Europe’s leading research institutes in defence and security. FOI is a government agency under the Ministry of Defence, and most of its activities are assignment-based. However, its client list includes the Swedish Armed Forces, the Swedish Defence Materiel Administration, Government Offices and the Swedish Civil Contingencies Agency. The research, which the Stockholm government ordered, emphasises the security concerns of relying on Russian goods...
Sustainability, or the urge to shift towards a greener environment, has become the need of the hour. Top companies and individuals, including the aluminium sector, are leaving no page unturned to shift towards this greener industry. Aluminium, also known as green metal, is considered one of the most environmentally friendly and sustainable metals. Eminent aluminium leaders and businesses are striving to create a sustainability roadmap for the sector in response to increased environmental awareness and an emphasis on carbon neutrality. Groups are taking steps to recognise their achievements. Global aluminium companies renowned for their innovations and who have set the trend in the manufacturing sector, like Norsk Hydro, Rio Tinto, Emirates Global Aluminium (EGA), Constellium, Assan...
The European Union's politically independent executive arm, the European Commission, is planning to bring a proposal for a ban on new investments in Russia's mining sector as part of a new package of sanctions for the Russia-Ukraine geopolitical crisis. In accordance with our source, the prohibition on mining investment, which will have exceptions for certain products, is part of a ninth EU sanctions package that officials will discuss with member states next week and aim to reach an agreement on. Before the Russia-Ukraine conflict, foreign investment accounted for one-quarter of Russia's vast mining sector, producing commodities such as gold, iron ore, uranium and phosphates. It would be Brussels' first direct attack on Russia's metals sector, which it has previously avoided due to...
Vedanta Limited continued to increase its aluminium ingot and aluminium product prices on Tuesday, December 6. The company expanded its aluminium ingot price by INR 4,500 per tonne or 1.96 per cent to sell the products at INR 233,750-264750 per tonne. On December 3, the price had settled at INR 229,250-260,250 per tonne after witnessing a growth of INR 1,500 per tonne. Aluminium billet price settled at INR 242,750 per tonne, up by INR 4,500 per tonne from INR 238,250 per tonne recorded on December 3. With the latest hike on December 6, Vedanta's aluminium wire rod prices also recorded a surge of INR 4,500 per tonne to halt at INR 241,250-248,750 per tonne. Vedanta hiked its aluminium ingot and aluminium products prices on December 6 in response to the growth in the three-month futures of...
LME aluminium opened at US$2,505 per tonne on Tuesday, with its high at US$2,529.5 per tonne before closing at US$2,500 per tonne, a drop of US$7 per tonne or 0.28 per cent. On December 6, Tuesday LME aluminium cash bid price and the LME aluminium official settlement price plunged by US$24 per tonne or 0.96 per cent, closing at US$2,460.50 per tonne and US$2,461 per tonne, respectively. The 3-month bid price saw a curtailing of US$25 per tonne or 0.99 per cent, settling at US$2,490 per tonne, while the 3-month offer price had a price shed of US$26.50 per tonne or 1.05 per cent, resting at US$2,490.50 per tonne. December 23 bid price and December 23 offer price both dropped US$24 per tonne or 0.93 per cent, stopping at US$2,553 per tonne and US$2,558 per tonne. LME aluminium opening stock...
