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 B.S.C. (Alba), one of the world’s leading aluminium companies headquartered in the Middle East, has announced the third quarter and nine months results ended September 30, 2022. As per the report, Alba has booked a profit of BD48 million (US$127.6 million) for the third quarter of 2022 – 62 per cent less than BD125.9 million (US$335 million) in Q3 2021. But its profit in the entire first nine months of the year reflected an increase of 39.2 per cent Y-o-Y, amounting to above US$1 billion for the second year in a row. The nine-month profit was reported at BD376.7 million (US$1,001.9 million) compared to BD270.7 million (US$720 million) a year ago. Alba’s total comprehensive income in the first nine months of 2022 also stood higher than a year ago from BD275.5 million...
LME aluminium opened at US$2,333.5 per tonne on Thursday, with its high and low at US$2,335 per tonne and US$2,317.5 per tonne respectively before closing at US$2,323 per tonne, a decrease of US$10.5 per tonne or 0.45 per cent. On November 10, Thursday, LME aluminium cash bid price and LME aluminium official settlement price both plunged by US$66 per tonne or 2.82 per cent to halt at US$2,271.50 per tonne, and US$2,272 per tonne, respectively. The 3-month bid price has gone down by US$71 per tonne or 3.02 per cent to settle at US$2,283 per tonne and the 3-month offer price downsized by US$70 per tonne or 2.97 per cent to close at US$2,285 per tonne. December 23 bid price and December 23 offer price recorded a fall of US$67 per tonne or 2.8 per cent, stopping at US$2,353 per tonne and...
Vedanta, one of the largest producers of aluminium in India, has achieved yet another milestone. The company obtained the Bureau of Indian Standards (BIS) certification and has become the first in the Indian aluminium business to have received the BIS certification for its broad range of aluminium products. With this certification, all their products are now Bureau of Indian Standards (BIS) certified, upholding its claim to unrivalled quality. "Aluminium will be indispensable to a low carbon future, with its limitless potential for applications in clean energy solutions, electric mobility, green buildings, high-tech manufacturing, sustainable packaging and more. Therefore, Vedanta Aluminium has robust systems in place to understand and exceed customer expectations. The BIS certifications...
National Aluminium Company Limited (NALCO) has elevated its aluminium ingot and aluminium products prices for the second consecutive time since November 1, although slightly at a lower rate. Compared to a hike of INR 6,600 per tonne on November 1, NALCO increased its aluminium ingot price by INR 5,300 per tonne on November 10. Thus, the price has come in at INR 222,350- 225,850 per tonne versus INR 217,050-220,550 per tonne last week. NALCO’s aluminium billets price has also seen a surge of INR 5,300 per tonne, with effect from November 10, amounting to INR 226,800- 229,450 per tonne. Aluminium wire rod price has been raised from INR 221,550-225,900 per tonne on November 1 to INR 226,850- 231,200 per tonne on November 10. NALCO links its aluminium prices to the three-month futures of...
LME aluminium opened at US$2,321.5 per tonne on Wednesday, with its high and low at US$2,321.5 per tonne and US$2,307 per tonne, respectively, before closing at US$2,308 per tonne, a decrease of US$13.5 per tonne or 0.58 per cent. On Wednesday, November 9, LME aluminium cash bid price increased by US$11 per tonne or 0.47 per cent to close at US$2,337.50 per tonne. However, LME aluminium official settlement price had inched up by US$1 per tonne to close at US$2,338 per tonne. 3-month bid price and 3-month offer price ascended by US$15.5 per tonne or 0.66 per cent to halt at US$2,354 per tonne and US$2,355 per tonne. December 23 bid price and December 23 offer price came in at US$2,420 per tonne andUS$2,425 per tonne after recording a growth of US$13 per tonne. LME aluminium opening stock...
On Wednesday, November 9, National Aluminium Limited (NALCO) announced its financial results for the second quarter and first half of the fiscal year 2023 ended September 30. The company declared its total income stood at INR 3,558.83 crore during Q2 FY23 compared to INR 3,846.22 crore in Q1 and INR 3,634.59 crore in Q2 FY22. That recorded a Q-o-Q decline of 7.47 per cent and a year-on-year fall of 2.08 per cent in the September quarter. However, for the first half of FY23, NALCO booked a 20.6 per cent increase in total income from INR 6,140.88 crore to INR 7,405.05 crore. NALCO’s profit before exceptional items and tax was pegged at INR 245.88 crore in Q2 FY23, 68.40 per cent less than INR 778.05 crore a quarter ago and 75.80 per cent plunged from INR 1,016.07 crore a year earlier,...
On November 2, Aluminium Bahrain B.S.C. (Alba), one of the largest aluminium smelters globally, was awarded the Gulf Aluminium Council (G.A.C.)'s Health & Safety Award 2022 at the Gulf Aluminium Dinner that was hosted at the Ritz Carlton, Bahrain. The award was handed over to Alba's Chief Executive Officer, Ali Al Baqali, via the hands of Alba's Chairman of the Board, Shaikh Daij bin Salman bin Daij Al Khalifa, who was also the patron of the dinner. Illuminated by the occasion, Alba's Chairman of the Board Shaikh Daij commented: "It takes leadership to improve Safety. I take the opportunity to thank our C.E.O. and the Management team for going the extra mile to ensure Safety is a top priority." "We are pleased to be the recipient of G.A.C.'s Health & Safety Award and equally proud to be...
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices by INR 2,000 per tonne, with effect from Tuesday, November 8. This follows a hike of INR 6,250 per tonne in the previous week, November 5. As per the latest price chart revealed by Hindalco, its aluminium ingot price stands at INR 216,000 per tonne compared to INR 218,000 tonnes on November 5. Hindalco’s aluminium wire rod price has come in at INR 227,100 per tonne as of November 8 versus INR 229,100 per tonne on November 5. Aluminium billets price has summed up at INR 230,100 per tonne, down by INR 2,000 per tonne from INR 232,100 per tonne. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange. The...
After a brief pause in production, the Volta Aluminium Company (VALCO) is about to resume operations. This decision was at the helm during the meeting chaired by the Senior Management of VALCO, the VALCO local union and the Ministry of Lands and Natural Resources and leadership of the Industrial and Commercial Workers Union (ICU). A few days back, the media was flooded with news about workers' agitation in the facilities for dollar-equivalent payment . It came into prominence that the face-off had become so serious that some Management Members were not allowed entry into the factory premises, which had largely affected the day-to-day operations of the aluminium smelter. Though authorities had decided to shut down the plant for almost a week, it is now open after successful settlement...
Hydro Rein and Commerz Real are reportedly forming a joint venture to acquire and develop two early-phase solar projects in Jylland, Denmark. These are the first-ever investments in the Danish photovoltaic market for Commerz Real. The construction of the projects is expected to start in 2024, and operations to begin in early 2026. The objective is to grow the portfolio to 1 GW. The joint venture will be owned equally by Hydro Rein and Commerz Real. Danish developer GreenGo Energy will develop the projects until they come into operation. As per the report, the projects will have an estimated peak capacity of 170 MW and 192 MW, respectively, with a total annual production of 412 GWh. The two new solar projects are expected to power energy-intensive industries and help them decarbonise their...
LME aluminium opened at US$2,378 per tonne on Tuesday, with its high and low at US$2,380 per tonne and US$2,340 per tonne, respectively, before closing at US$2,345 per tonne, a decrease of US$33 per tonne or 1.39 per cent. On November 8, Tuesday LME aluminium cash bid price went up the graph by US$35 per tonne or 1.53 per cent to halt at US$2,326.50 per tonne, and the LME aluminium official settlement price also had a similar percentage hike resting at US$2,327 per tonne. The 3-month bid price and the 3-month offer price both escalated by US$37.50 per tonne or 1.63 per cent to close at US$2,338.50 per tonne and US$2,339.50 per tonne. December 23 bid price and December 23 offer price, on the other hand, recorded a rise of US$37 per tonne or 1.56 per cent, stopping at US$2,407 per tonne and...
According to a recent report, South32 has temporarily stopped its potline at Mozal aluminium smelter in Mozambique after an accident on Monday, November 7, caused two deaths and one injury of a contractor. The news came after South32 reported: “Reduction operations in Potroom A at Mozal have been suspended and an investigation into the incident is underway.” It added, “Learnings will be shared across South32 to understand how we can prevent a similar incident occurring again in the future.” The contractor is undergoing treatment for his injuries, said South32 without giving any further details on the nature of the accident. In addition to the tragic loss of life, the accident has caused an interruption to aluminium production, which is unacceptable to South32 as its aluminium sales in the...
On Monday, November 7, Century Aluminum Company, a US-based primary aluminium producer, announced its third quarter results ended September 30, 2022, whereby it declared its net income growing $6.9 million sequentially to $44.3 million. In Q2, the company yielded a net income of $37.4 million. Diluted earnings per share was $0.43 in the third quarter compared to $0.36 in Q2. Although the company’s net income rose in Q3, net sales decreased by 25.61 per cent quarter-on-quarter from $856.6 million to $637.2 million, driven by lower shipments. Century Aluminum reported that its shipments in Q3 fell sequentially by 40,359 tonnes from 214,084 tonnes to 173,725 tonnes. The company’s adjusted EBITDA also fell from $86.6 million in the June quarter to $35.9 million in the September quarter,...
LME aluminium opened at US$2,335 per tonne on Monday, with its high and low at US$2,342.5 per tonne and US$2,333 per tonne, respectively, before closing at US$2,339 per tonne, an increase of US$4 per tonne or 0.17 per cent. On Monday, November 7, both LME aluminium cash bid price and LME aluminium official settlement price closed at US$2,291.50 per tonne and US$2,292 per tonne, after witnessing a loss of US$13.5 per tonne or 0.58 per cent and US$14 per tonne or 0.60 per cent. 3-month bid price and 3-month offer price slipped by US$15 per tonne or 0.64 per cent and US$16 per tonne or 0.69 per cent to peg at US$2,301 per tonne and US$2,302 per tonne. December 23 bid price and December 23 offer price settled at US$2,370 per tonne and US$2,375 per tonne after recording a fall of US$20 per...
The logistics firm specializing in Full Truck Load (FTL) services, Orissa Bengal Carrier (OBCL), which has served satisfactorily in the past decade, has inked a contract with mining and metal giant Vedanta to transport finished aluminium items. On November 3rd, 2022, OBCL stated, "The agreement is worth approximately $18 million (INR 150 crore), with a one-year term." "As a part of the agreement, OBCL would transport finished aluminium items to western business clusters." The leading aluminium producer of India, Vedanta, operates aluminium smelters in Chhattisgarh and Odisha. The founding stone of Odisha-Bengal Carrier Limited (OBCL) was laid down in 1994 by Ratan Kumar Agrawal. In the past decade, OBCL has evolved as the signature brand of the Indian transport industry, and it has played...
Social inventories of primary aluminium in China have further lost 9,000 tonnes over the weekend ended November 7, 2022, across eight major consumption areas, including SHFE warrants, found the Shanghai Metals Market. Thus, the inventories froze at 571,000 tonnes as of November 7, down by 42,000 tonnes week-on-week from 613,000 tonnes. The current inventory is a new low in 2022, driven by pandemic-induced transportation restrictions in China. To know the status of inventory in more details, refer the chart below: The decline in Chinese primary aluminium inventories to a new low over the weekend was primarily contributed by Wuxi and south China, though the downfall in the latter slowed due to weakening trades. In Wuxi, inventories plunged by 13,000 tonnes on Monday to stand at 171,000...
On November 7, Emirates Global Aluminium, the biggest industrial company in the United Arab Emirates excluding oil and gas, introduced EGA Ramp-Up, an initiative with the focus on funding the next generation of entrepreneurs whose enterprises will help in a steady growth of the economy and generate new open work positions. EGA Ramp-Up will deliver practical aid and tuition to the entrepreneurs setting up businesses that heavily solidify the region's sustainability and social advancement quotient, along with encouraging new technology and immense human capital development. To achieve 100 per cent accountability through the process, EGA has collaborated with C3 to streamline the initiative. A UAE-based social organisation, C3 mainly lends a helping hand to entrepreneurs across the region to...
According to a report last week, Hydro signed a new strategic collaboration agreement with the Norwegian University of Science and Technology (NTNU) to build up professional collaborations to practise more R&D on aluminium and energy. The agreement was signed by Hydro’s President& CEO Hilde Merete Aasheim and NRNU’s chief academic and administrative officer Anne Borg, in the presence of key Hydro technologists, NTNU professors and SINTEF researchers in Trondheim. According to Aasheim, “Hydro and NTNU both recognize the importance of ensuring long-term sustainability in accordance with the United Nations’ sustainability goals and wish to promote collaboration to enable this. We both have the shared intention to strengthen, explore and increase the cooperation in connection with Hydro's...
