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 Thursday, November 24, the domestic social inventory of aluminium billet increased by 2,400 tonnes from a week before 63,000 tonnes. Reduced production in northwest China and disruption of production and railway transport in Shandong supported local conversion margins to the east and north. Arrivals were somewhat constrained due to ongoing difficulties with shipments from Qinghai and Gansu. Below is a chart illustrating China's current aluminium billet inventory situation: As per the data, massive arrivals in Xinjiang increased the inventories in Foshan by 1,100 tonnes to 40,100 tonnes. In Wuxi, the inventory gained 1,400 tonnes to score 8,400 tonnes from 7,000 tonnes recorded a week before. Only in Changzhou, the inventory had contracted by 100 tonnes to close at 4,300 tonnes from...
LME aluminium opened at US$2,394 per tonne on Thursday and closed at US$2,368 per tonne, down US$22 per tonne or 0.92 per cent. On November 24, Thursday LME aluminium cash bid price slumped to US$2343.50 per tonne after US$19.50 per tonne or 0.82 per cent was subtracted from it, and the LME aluminium official settlement price dived by US$20 per tonne or 0.85 per cent to close at US$2,344 per tonne. The 3-month bid price and the 3-month offer price had a similar price plunge of US$16 per tonne or 0.67 per cent, resting at US$2,373 per tonne and US$2,375 per tonne, respectively. December 23 bid price and December 23 offer price both dropped by US$12 per tonne or 0.49 per cent, stopping at US$2,443 per tonne and US$2,448 per tonne. LME aluminium opening stock plummeted by 3,825 tonnes or...
Vedanta Limited has reduced its aluminium ingot and aluminium products prices by INR 2,750 per tonne on Thursday, November 24, just after the day it hiked its products prices by INR 4,500 per tonne. The latest cut has brought the company’s aluminium ingot price to INR 223,500-254,500 per tonne as of November 24, compared to INR 226,250-257,250 per tonne on November 23. Vedanta’s aluminium wire rod price has slipped to INR 231,000-238,500 per tonne on November 24 from INR 233,750-241,250 per tonne on November 23. Aluminium billet price is at INR 232,500 per tonne, with effect from November 24, also down by INR 2,750 per tonne from INR 235,250 per tonne on the previous day. Vedanta links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London...
Primary aluminium production in Africa during October 2022 recorded a month-on-month increase of 4.44 per cent or 6,000 tonnes to stand at 141,000 tonnes, found the International Aluminium Institute. In September, the output in Africa was 135,000 tonnes, down by 5,000 tonnes or 3.57 per cent from 140,000 tonnes. That indicated Africa’s primary aluminium output rose in October following a decline in the previous month. On a year-on-year basis, Africa’s primary aluminium production in October’22 escalated by 4,000 tonnes or 2.92 per cent from 137,000 tonnes. Despite a monthly rise in Africa’s primary aluminium production in October 2022, the country’s daily average output remained muted M-o-M at 4,500 tonnes. On a year-on-year calculation, the daily average output in October 2022 stood...
To support EGA's production of CelestiAL solar aluminium, Emirates Global Aluminium (EGA) has purchased Clean Energy Certificates for 1.1 million megawatt hours of electricity provided by Emirates Water and Electricity Company (EWEC). The deal, which will certify EGA's production of about 80,000 tonnes of CelestiAL, represents the largest acquisition of Clean Energy Certificates that track the use of solar power in Abu Dhabi. The amount of solar power imported from the electrical grid determines how much CelestiAL EGA generates each year. The certificates monitor the use of solar energy produced by Noor Abu Dhabi, one of the world's biggest single-site solar power facilities. A gigawatt of power is produced by the 3.2 million solar panels of the Noor Abu Dhabi facility near Sweihan. "This...
Hindalco Industries Limited has reduced its aluminium ingot and aluminium product prices, from Thursday, November 24, following a hike the previous day. As per the data, Hindalco has curtailed its aluminium ingot price by INR 2,500 per tonne to sell the product at INR 222,750 per tonne from INR 225,250 per tonne a day before. As per the revised prices revealed, Hindalco’s latest aluminium billets price stands at INR 236,850 per tonne on November 24 versus INR 239,350 per tonne on November 23. Today, the price has seen a cut of INR 2,500 per tonne, while the product underwent a hike of INR 4,500 per tonne a day before. Aluminium wire rod price is no exception but recorded a cut of the same amount to clock at INR 233,850 per tonne versus INR 236,350 per tonne a day before. On November 23,...
New Zealand Aluminium Smelters (NZAS) associates greeted regional people on November 23 to draw a roadmap of the area's foreseeable future along with correcting the methods of the past. This update for the locals was long overdue. As Chris Blenkiron testifies, Rio Tinto has been toiling hard all these years to contain the toxic ouvea created by aluminium smelters. The meeting was organised to be hosted at the Bill Richardson Transport World in Invercargill. It has been observed that the future of the aluminium smelter beyond 2024 is under speculation. Still, NZAS chief executive and general manager Chris Blenkiron is quite appreciative of the company's remediation techniques. Nicole Atherton, the Rio Tinto aluminium closure readiness general manager, who has been intertwined with the NZAS...
LME aluminium opened at US$2,433 per tonne on Wednesday and closed at US$2,390 per tonne, down US$46 per tonne or 1.89 per cent. On Wednesday, November 23, LME aluminium cash bid price and LME aluminium official settlement price dropped by US$30.5 per tonne or 1.27 per cent and US$30 per tonne or 1.25 per cent to settle at US$2,363 per tonne and US$2,364 per tonne. As per the LME data, 3-month bid price and 3-month offer price witnessed a slump of US$28 per tonne or 1.15 per cent to halt at US$2,389 per tonne and US$2,391 per tonne. December 23 bid price and December 23 offer price descended by US$33 per tonne or 1.32 per cent to stand at US$2,455 per tonne and US$2,460 per tonne. LME aluminium opening stock settled at 513275 tonnes. Live warrants and Cancelled warrants clocked at 284525...
Vedanta Limited has hiked its aluminium ingot and aluminium products prices, with effect from Wednesday, November 23, following a cut on the previous day. On Tuesday, November 22, Vedanta reduced its aluminium ingot price by INR 2,000 per tonne to INR 221,750-252,750 per tonne, following which, the company hiked the ingot price by INR 4,500 per tonne or 2.03 per cent to INR 226,250-257,250 per tonne as of November 23. Vedanta’s aluminium wire rod price has also seen a raise of INR 4,500 per tonne on November 23 to INR 233,750-241,250 per tonne, following a dip of INR 2,000 per tonne from INR 231,250-238,750 per tonne on November 19 to INR 229,250-236,750 per tonne on November 22. Aluminium billet price is currently standing at INR 235,250 per tonne, up by INR 4,500 per tonne from INR...
According to the Shanghai Metals Market report, Guangxi province encourages aluminium smelters to resume potlines at the earliest and boost capacity utilization rates by offering subsidies and alluring incentive plans. The province will provide subsidies to the smelters whose potlines were shut down this year due to pandemic or energy consumption restrictions. The eligibility condition for the subsidies is the smelters need to restart their potlines and increase capacity utilization rates as required in the fourth quarter of 2022. Smelters who will sequentially increase their capacity utilization rates by 15-20 percentage points at the end of Q4 will get a subsidy worth RMB 2 million, while those who will raise their capacity by 20-30 percentage points will get RMB 3 million and those...
World primary aluminium production in October 2022 totalled 5.850 million tonnes, which reflected an increase of 3.19 per cent month-on-month, found the International Aluminium Institute data. In September, world primary aluminium output stood at 5.669 million tonnes, down by 3.93 per cent from 5.901 million tonnes in August. That demonstrated the monthly rise in October output followed a decline in the previous month. On a year-on-year calculation, world primary aluminium production in October edged a 3.12 per cent increase than 5.673 million tonnes, according to IAI. In the first ten months of 2022, world primary aluminium production amounted to 56.914 million tonnes, up by 1.33 per cent from 56.165 million tonnes a year ago. In October 2022, world daily average primary aluminium...
The Pittsburgh, US-based industrial corporation and eighth-largest aluminium producer, Alcoa, supports the proposal submitted last week by Russian aluminium giant Rusal for the London Metal Exchange to bring forth the details concerning the source of all metal in LME-approved warehouses. Following the Ukraine-Russia geopolitical crisis, Rusal has not been directly targeted for sanctions by any nation. On the other hand, Alcoa has diligently campaigned to prohibit Russian metal from being traded and stored on the LME. It is concerned that large amounts of aluminium in the LME warehouse might mangle pricing. After an industry consultation in October, the London Metal Exchange (LME) pronounced there would be no bar of Russian metal as a compelling section of the market was still planning to...
LME aluminium opened at US$2,387 per tonne on Tuesday and closed at US$2,436 per tonne, an increase of US$56 per tonne or 2.35 per cent. On November 22, Tuesday LME aluminium cash bid price went up the graph to US$2393.50 per tonne after US$51.50 per tonne or 2.2 per cent was added to it, and the LME aluminium official settlement price escalated by US$50 per tonne or 2.13 per cent to close at US$2,394 per tonne. The 3-month bid price and the 3-month offer price had a similar price hike of US$51 per tonne or 2.15 per cent, resting at US$2,417 per tonne and US$2,419 per tonne, respectively. December 23 bid price and December 23 offer price both heightened by US$53 per tonne or 2.17 per cent, stopping at US$2,488 per tonne and US$2,493 per tonne. LME aluminium opening stock dipped by 4,925...
According to the Shanghai Metals Market, China’s social inventories of primary aluminium continued to slump through the weekend ended Monday, November 21, by 17,000 tonnes amounting to 530,000 tonnes. On a week-on-week calculation, the inventories edged 23,000 tonnes lower than 553,000 tonnes. With this fall, primary aluminium inventories have come to the lowest this year and also the lowest when compared to the same period of previous years. Wuxi led the downfall this weekend as fewer cargoes arrived after transportation in Gongyi was resumed. The chart below indicates the current status of primary aluminium inventories across China in more details: In Wuxi, primary aluminium inventories plunged by 12,000 tonnes over the weekend to total 130,000 tonnes as of Monday, November 21, followed...
Vedanta Aluminium, India’s largest aluminium producer, held a technical masterclass on how to boost extrusion productivity, with about 300 participants from 60 leading companies in the extrusion industry from the US, the UK, India, Portugal, Greece, Australia, Israel and many more. The masterclass was conducted by one of the world’s leading extrusion experts, Mr Jonathan Pangborn. Among 300 participants, many were students from India’s premier technical universities and institutes. The masterclass was a part of Vedanta Aluminium’s different offerings to customers, including new product development, new application development, market development, knowledge & technical expertise, and many more. Aluminium is one of the most versatile metals with unique properties like strength-to-weight...
LME aluminium opened at US$2,406 per tonne on Monday and closed at US$2,380 per tonne, a drop of US$35 per tonne or 1.45 per cent. On Monday, November 21, LME aluminium cash bid price and LME aluminium official settlement price slumped by US$26 per tonne or 1.09 per cent and US$25 per tonne or 1.05 per cent to close at US$2,342 per tonne and US$2,344 per tonne. 3-month bid price and 3-month offer price slipped by US$33.5 per tonne or 1.39 per cent and US$32 per tonne or 1.33 per cent to close at US$2,366 per tonne and US$2,368 per tonne. December 23 bid price and December 23 offer price dropped by US$38 per tonne to rest at US$2,435 per tonne and US$2,440 per tonne. LME aluminium opening stock closed at 522000 tonnes. Live warrants and Cancelled warrants clocked at 296150 tonnes and...
National Aluminium Company Limited (NALCO) has cut its aluminium ingot and aluminium products prices, effective from Saturday, November 19, after three consecutive hikes since the beginning of the month. NALCO’s aluminium ingot price has seen a trim of INR 2,900 per tonne from 227,950-231,450 per tonne on November 16 to INR 225,050-228,550 per tonne as of November 19. NALCO’s aluminium wire rod and billets prices have also witnessed a cut of INR 2,900 per tonne, each. The latest cut has brought the company’s aluminium wire rod price to INR 229,550-233,900 per tonne, while that of the billets price to INR 229,500- 232,150 per tonne. NALCO’s aluminium price cut with effect from November 19 followed a drop of US$50.50 per tonne in the three month futures of aluminium on the London Metal...
In October 2022, China’s aluminium imports, including primary metal and unwrought, alloyed metal, fell 33.9 per cent year-on-year, amounting to 196,460 tonnes, found the General Administration of Customs. That could be attributed to persistently weak demand and increased domestic supply due to the ramp-up in production. Aluminium output in October grew for the eighth consecutive month to 3.45 million tonnes. For the first ten months of 2022, China produced 33.33 million tonnes of aluminium – 3.3 per cent higher than in the same period last year. Weaker demand for aluminium in China’s transportation, construction, and packaging sectors due to strict COVID curbs also contributed to the decline in imports. Factory output in the world’s second largest economy grew slower than expected in...
