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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Aluminium Bahrain, one of the world's largest aluminium smelters ex-China, reached the financial close on its Power Station 5 Block 4 project. The virtual signing ceremony with Sinosure was held on Monday, November 14. The $225 million facility is supported by the China Export and Credit Insurance Corporation (SINOSURE), has a 15-year tenor, competitive interest rates, and the principal will be repaid over that time, plus a three-year grace period. "Aluminium Bahrain B.S.C. (Alba), one of the world's largest aluminium smelters, has reached the financial close for its Block 4 of Power Station 5 (PS5) that will add 680.9 megawatts (MW), which once completed will increase the nameplate capacity of PS5from 1.8GW to more than 2.4 GW", said by the Chairman of Alba's Board of Directors, Shaikh...
The National Bureau of Statistics revealed China’s primary aluminium production in October 2022 increased by 9.5 per cent year-on-year, bolstered by the ease of power consumption curb than the previous year and growing exports. NBS data showed the country produced 3.45 million tonnes of the metal, marking a rise for the eighth straight month compared to 2021 numbers. The daily average output in the said month was pegged at 111,290 tonnes, supported by higher consumption of primary aluminium to produce and meet overseas demand for Chinese aluminium products. From January to October 2022, China exported 5.68 million tonnes of unwrought aluminium and aluminium products. That was up by 25 per cent year-on-year, cushioning domestic primary aluminium output. In the first ten months of the year,...
On November 14, 2022, ALRO S.A., one of Europe's largest vertically integrated aluminium producers, measured by production capacity, reported its consolidated financial results for the nine months that ended September 30 2022. In 3Q 2022, the Group's turnover increased by 19% (1-3Q 2022: RON 2.9 billion vs RON 2.5 billion) with a decreasing trend, as aluminium quotations fell and demand slowed. In a challenging economic environment, the Group has scaled back certain production activities (primary aluminium and alumina) due to lower aluminium quotations and demand. Marian NĂSTASE, Chairman of the Board of Directors, ALRO, said, “2022 brought the challenges faced by our industry to a new stress level, with the war closer to our borders than ever, with soaring power prices and scarcity of...
According to the Shanghai Metals Market, social inventories of primary aluminium across China’s eight major consumption areas, including SHFE warrants, totalled 553,000 tonnes, losing further 23,000 tonnes over the weekend ended November 14. On a week-on-week basis, primary aluminium inventories decreased by 18,000 tonnes from 571,000 tonnes, showed SMM. The figure is also 59,000 tonnes lower than a month ago and 469,000 tonnes during the same period last year. To know the current status of the inventories in more details, refer the chart below: The decline in primary aluminium inventories on Monday was primarily led by Wuxi, registering a plunge of 24,000 tonnes over the weekend to 146,000 tonnes. In Gongyi, inventories dropped by 9,000 tonnes to peg at 66,000 tonnes as of Monday,...
LME aluminium opened at US$2,464 per tonne on Monday, with its high and low at US$2,478 per tonne and US$2,408 per tonne, respectively, before closing at US$2,436 per tonne, an increase of US$27.5 per tonne or 1.12 per cent. On November 14, Monday LME aluminium cash bid price slumps by US$16.50 per tonne or 0.68 per cent to close at US$2391.50 per tonne and the LME aluminium official settlement price downsized by US$18 per tonne or 0.75 per cent to halt at US$2,392 per tonne. The 3-month bid price has gone down by US$9 per tonne or 0.37 per cent to settle at US$2,416 per tonne, and the 3-month offer price dipped by US$8 per tonne or 0.33 per cent to close at US$2,418 per tonne. December 23 bid price and December 23 offer price both recorded a fall of US$10 per tonne or 0.4 per cent,...
Vedanta Limited hiked its aluminium ingot and aluminium products prices, with effect from Saturday, November 12, after a cut by INR 6,250 per tonne on the previous day. On November 12, Vedanta’s aluminium ingot price saw an expansion of INR 9,250 per tonne from INR 215,250-246,250 per tonne to INR 224,500-255,500 per tonne. Vedanta’s aluminium wire rod price was also elevated by INR 9,250 per tonne, with effect from November 12, to sell the production at INR 232,000-239,500 per tonne. On November 11, the wire rod price stood at INR 222,750-230,250, slashed by INR 6,250 per tonne from the earlier day. The company’s aluminium billet price came in at INR 233,500 per tonne on November 12, experiencing an elevation of INR 9,250 per tonne from November 11. Vedanta lifted its aluminium prices on...
To explore the viability of developing a new high-purity aluminium (HPA) manufacturing plant in North America, Orica and Alpha HPA Limited have established a non-binding Memorandum of Understanding (MoU) and acquired a 5 per cent ownership stake in the company. "Building on our successful partnership with Alpha HPA in Australia, we are thrilled to further expand our relationship and explore opportunities for growth and circularity in North America. The Alpha HPA First project in Queensland has demonstrated how industrial partnerships can optimise resource use, simultaneously creating value and reducing waste," said Orica Managing Director and Chief Executive Officer Sanjeev Gandhi. The funds from the equity investment will be used to advance feasibility studies on the potential for an...
Emirates Global Aluminium (EGA), the world's largest 'premium aluminium' producer, has recorded yet another milestone. The company has produced 40 million tonnes of hot metal since its operations in 1979. As a result, roughly 3 per cent of all aluminium made in the UAE has been by EGA. "Reaching 40 million tonnes of hot metal production is a proud moment for everyone who works at EGA. Together, we have innovated aluminium to make modern life possible. Since EGA was founded by His Highness Sheikh Rashid as Dubai Aluminium, we have been a pioneer of economic diversification in the UAE while growing into a champion of the aluminium industry globally," said Abdulnasser Bin Kalban, Chief Executive Officer of EGA. Aluminium is a crucial component of modern life, and EGA's metal is utilised by...
LME aluminium opened at US$2,325 per tonne last Friday, with its high and low at US$2,486.5 per tonne and US$2,325 per tonne, respectively, before closing at US$2,460.5 per tonne, an increase of US$135 per tonne or 5.81 per cent. On Friday, November 11, both LME aluminium cash bid price and LME aluminium official settlement price escalated by US$136.5 per tonne or 6 per cent and US$138 per tonne or 6.07 per cent to halt at US$2,408 per tonne and US$2,410 per tonne. 3-month bid price and 3-month offer price elevated by US$142 per tonne or 6.21 per cent and US$141 per tonne or 6.17 per cent to record at US$2,425 per tonne and US$2,426 per tonne. December 23 bid price and December 23 offer price shot up by US$139 per tonne to settle at US$2,492 per tonne and US$2,497 per tonne. LME aluminium...
On November 13, 2022, the Indonesian large-cap house Adaro stated that PT Adaro Minerals Indonesia Tbk inked a memorandum of understanding (MoU) with South Korea's auto giant Hyundai Motor Company on aluminium supply for automobile manufacturing. In Bali, Indonesia, a Memorandum of Understanding was signed on the sidelines of the G20 summit. The MoU stated, "Hyundai would secure the right to purchase aluminium produced by Adaro's subsidiary PT Kalimantan Aluminum Industry at an early production stage and then the first negotiation right to procure low-carbon aluminium produced by KAI in the future with undetermined offtake volume in the range of 50,000-100,000 TPA.” PT Adaro Energy Indonesia Tbk is the second-largest coal miner in the country by production volume and its largest by market...
The 2022 United Nations Climate Change Conference or Conference of the Parties of the UNFCCC, more commonly referred to as COP27, is the 27th United Nations Climate Change Conference and is being held from November 6 until November 18 2022, in the Egyptian resort town, Sharm El-Sheikh. At COP27 and beyond, the United States stimulated countries – distinctly significant economies – and the private sector to implement existing commitments and goals and enhance obligations and goals to help close the gap between current pledges and what the latest science tells us is urgently needed. John F. Kerry, the former US Secretary of State and now the US's first Special Presidential Envoy for Climate opened the First Movers Coalition Leaders panel as it came together at COP27 to provide a progress...
This week, the global aluminium industry saw the Q3 results of some prominent aluminium companies. To begin with, Alba reported a profit of BD48 million (US$127.6 million) for the third quarter of 2022, 62% lower than the BD125.9 million (US$335 million) profit for the same quarter in 2021. In its third-quarter results for September 30, 2022, Century Aluminum reported net income increased $6.9 million sequentially to $44.3 million. In comparison to Q1 and Q2 of FY22, Nalco said that its total revenue for Q2 FY23 was INR 3,558.83 crore vs INR 3,846.22 crore and INR 3,634.59 crore, respectively. Another significant event was Vedanta becoming the first in the Indian aluminium business to have achieved the Bureau of Indian Standards (BIS) accreditation for its extensive line of aluminium...
A fatal incident at the St Gallen factory in Switzerland occurred when a 25-year-old electrician almost lost his life after falling inside a 720 °C tub of molten aluminium. The man not only survived, but remarkably enough, he dragged himself out of his obvious predicament. The man is now undergoing certain serious treatments for his severe burns. But it can be deemed as a miracle that the man survived the fall. He was engrossed in his work around the furnace at the St Gallen factory when this horrible accident happened. The man fell through a trap door into the boiling metal beneath and was submerged up to his knees in the extremely hot aluminium. In spite of being in complete pain, the man had to find his way out of the furnace and then the factory alarms were rung. Paramedics and...
On November 11, 2022, the London Metal Exchange (LME), one of the world's largest commodities exchanges, announced that it would not bar Russian metal from being traded and stored in its system due a vital segment of the market is still planning to procure Russian metal in 2023. Russia is one of the world's largest producers of aluminium and nickel. Sanctions imposed on some Russian companies following the Russia-Ukraine geopolitical crisis have not targeted these metals or the companies that produce them. However, in October 2022, the world's oldest and largest market for industrial metals exchange floated a discussion paper on the topic, seeking a market opinion on the possibility of prohibiting Russian metal. LME stated, "The LME does not propose at this time to prohibit the warranting...
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a decrease of 4,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, November 10, the inventories totalled 576,000 tonnes, which in comparison with the month’s first Monday, November 7, escalated by 5,000 tonnes. As of now, the inventories in November dropped by 430,000 tonnes, as recorded in the same period last year and 36,000 tonnes on a month-on-month scale. The entire aluminium inventory was following a downward trajectory due to curtailed logistical activities. But in the upcoming weeks, the inventory in Gongyi is going to grow with increased arrivals after the local transport was revived on November 10 and because the downstream demand...
On Thursday, November 10, the social inventory of aluminium billets in China decreased by 6,300 tonnes or 10.41 per cent W-o-W to 54,200 tonnes. Overall, transportation will improve, but supplies' stability might be compromised by the pandemic's resurgence. The inventory of aluminium billets is still expected to decline soon. A billet is one of the most widely used aluminium product forms globally. The figure below provides further information on the current state of aluminium billet inventories in China: On the same day, the inventory in Huzhou and Changzhou ascended by 1,000 tonnes or 16.66 per cent and 500 tonnes or 11.36 per cent to settle at 7,000 tonnes and 4,900 tonnes. As per the data, the inventories in Foshan and Wuxi dipped by 6,600 tonnes or 19.07 per cent and 1,200 tonnes or...
According to the Shanghai Metals Market, China’s aluminium production amounted to 3.41 million tonnes in October (31 calendar days), with daily output of 110,100 tonnes. The monthly output reflected a 7.8 per cent growth year-on-year, driven by domestic operating capacity rise in October and more significant output growth in Sichuan. The operating aluminium capacity in Sichuan ramped up to about 360,000 tonnes in October, up by 160,000 tonnes M-o-M. On the other hand, the resumption of capacity in Guangxi and the commencement of new capacity in Guizhou and Inner Mongolia were slower than expected. In Yunnan, aluminium production dropped significantly as some smelters suspended their operation. About 1.17 million tonnes of the present capacity (4.04 million tonnes) in Yunnan was reduced...
The entire European aluminium market is currently streaming through a disquiet following a moreover better H1 2022. During the first quarter of 2023, the manufacturing industry is expected to counter a very gloomy prospect. While delivering their ambitious purchasing strategies earlier in 2022, many customers have overbooked themselves and will be seeking to delay deliveries in 2023. Although spot energy prices have fallen back in the past month, they remain far above the levels being paid by manufacturers under previous term contracts, many of which will expire in the new year according to market analysts. Manufacturers will face huge price jumps for their power needs, even if spot prices fall further in the near term or if EU governments impose energy price caps. In Q1 2023, few in the...
