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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National Aluminium Company Limited has hiked its aluminium ingot price, with effect from November 1, following a trim in the previous week. The company is currently selling its ingot at INR 217,050-220,550 per tonne, up by INR 6,600 per tonne or 3 per cent from INR 210,450-213,950 per tonne on October 26. Among the company’s aluminium products prices, its billets price has also seen an increase of INR 6,600 per tonne, with effect from November 1, to stand at INR 221,500-224,150 per tonne versus INR 214,900-217,550 per tonne in the earlier week. However, NALCO’s aluminium wire rod price has shown an exception by gaining INR 1,000 per tonne more than ingot and billets. The price is ranging between INR 221,550-225,900 per tonne, up by INR 7,600 per tonne or 3.5 per cent from INR...
LME aluminium opened at US$2,359.5 per tonne last Friday, with its high and low at US$2,360 per tonne and US$2,344 per tonne, respectively, before closing at US$2,350 per tonne, a drop of US$9.5 per tonne or 0.4 per cent. On November 4, Friday LME aluminium cash bid price augmented by US$89.50 per tonne or 4.04 per cent to halt at US$2,305 per tonne, and the LME aluminium official settlement price also had a spike of US$90 per tonne or 4.06 per cent to rest at US$2,306 per tonne. The 3-month bid price escalated by US$76 per tonne or 3.39 per cent to close at US$2,316 per tonne, and the 3-month offer price went up the same amount to close the week at US$2,318 per tonne. December 23 bid price and December 23 offer price both recorded a US$72 per tonne or 3.1 per cent hike, stopping at...
The Chairman of the Board of Directors of Aluminium Bahrain B.S.C. (Alba), Shaikh Daij bin Salman bin Daij Al Khalifa, met with Bechtel’s President of Mining & Metals Global Business Unit Ailie MacAdam, Bechtel’s President of Europe, Africa, and Middle East Region Justin Siberell and Bechtel’ Regional Manager Mark Ashwin on the side of Gulf Aluminium Council Dinner at Ritz Carlton, Bahrain along with Alba’s CEO Ali Al Baqali to discuss areas of cooperation including the proposed line 7 project. While speaking on the importance of the proposed line 7, the Chairman of Alba’s Board of Directors, Shaikh Daij bin Salman bin Daij Al Khalifa stated: “Aluminium is the metal of the future, and we are here to continue making it available through our soon-to-be investment in Line 7.” "Moving ahead...
This week, the global primary aluminium industry witnessed many important events. Like, Volta Aluminium Company (VALCO) halted operations due to the ongoing labour disputes over a wage bar to BALCO successfully carrying out test runs using biodiesel in smelting operations. In the pilot test, the business used biodiesel to heat ladles or vehicles that move hot metal (aluminium) from plotlines to casting houses while still molten. Based on the CRISIL research, the operating margin for Indian primary aluminium producers is expected to fall by more than 1200 basis points (bps) to 22–24% this fiscal year due to reduced realisations and rising production costs. In the Financial Year 2022, Press Metal Aluminium Holdings Bhd is anticipated to have an exponential double-digit net profit (FY22)....
According to the Shanghai Metals Market, social inventories of primary aluminium continued to decline week-on-week by 41,000 tonnes, ended November 3, 2022. The stocks plunged across eight major consumption areas across China, including SHFE warrants, to total 580,000 tonnes, down by 33,000 tonnes from Monday. On a month-on-month basis, the inventories on Thursday edged 93,000 tonnes lower, while that on a year-on-year basis stood 433,000 tonnes down. Transportation restrictions due to pandemic resulted in fewer arrivals in the market, leading to inventory downfall to the lowest this year. However, the transportation in Gongyi and Henan provinces has begun to resume from October 31, which is expected to alleviate supply tightness from the next week, allowing cargoes to arrive. To know the...
Emirates Global Aluminium, the biggest industrial enterprise in the United Arab Emirates, excluding the oil and gas sectors, has bagged the platinum UAE Innovation Award from Dubai Quality Group, a UAE-based training and knowledge-sharing global hub. The UAE Innovation Awards ceremony is chaired by the President of Dubai Civil Aviation Authority, the Chairman and Chief Executive of Emirates Airline and Group, the Chairman of Dubai Airports and His Highness Sheikh Ahmed bin Saeed Al Maktoum himself. EGA was the recipient of the UAE Innovation Award for a successful leap toward innovation and improvement by relentlessly monitoring the global competitive market along with excelling in its advancements. Abdulnasser Bin Kalban, Chief Executive Officer of EGA, said: “We are honoured to be...
Hindalco Industries Limited slightly reduced its aluminium ingot and aluminium products prices on November 3, a day after it hiked the prices by INR 5,250 per tonne. On November 3, Hindalco’s aluminium ingot price saw a dip of INR 1,500 per tonne from INR 213,250 per tonne to INR 211,750 per tonne. Aluminium wire rod price was also cut by INR 1,500 per tonne or 0.67 per cent to be sold at INR 222,850 per tonne on November 3 versus INR 224,350 per tonne on November 2. Hindalco’s aluminium billets price is standing at INR 225,850 per tonne since November 3, also down by INR 1,500 per tonne from INR 227,350 per tonne on the previous day. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange....
Climate change is one of the most challenging situations to tackle, especially for the workers who work under hot conditions; ensuring a safe and sound environment under such a situation is really important. With this, Emirates Global Aluminium (EGA), one of the world's largest producers of 'premium aluminium' announced on Monday, October 31, that the company had reached its goal of recording zero incidents of heat-related sickness among its staff and subcontractors who worked outside this summer. The "Beat the Heat" initiative at EGA is a summer-long, intensive effort throughout the business. Employees are taught the early warning signals of heat stress in themselves and other people. They are required to perform hydration tests before and during their shifts and are also urged to take...
LME aluminium opened at US$2,249.5 per tonne on Thursday, with its high and low at US$2,271.5 per tonne and US$2,217.5 per tonne, respectively, before closing at US$2,260.5 per tonne, an increase of US$10.5 per tonne or 0.47 per cent. On Thursday, November 3, both LME aluminium cash bid price and LME aluminium official settlement price went down by US$11 per tonne or 0.49 per cent to stop at US$2,215.50 per tonne and US$2,216 per tonne. 3-month bid price and 3-month offer price inched up by US$2.5 per tonne or 0.11 per cent and US$3.5 per tonne or 0.15 per cent to record at US$2,240 per tonne and US$2,242 per tonne. December 23 bid price and December 23 offer price climbed up by US$3 per tonne or 0.12 per cent to settle at US$2,318 per tonne and US$2,323 per tonne. LME aluminium opening...
On November 3rd, 2022, London-based Vedanta Resources, the holding company of India’s Vedanta Limited, discontinued the rating services of Moody’s after the latter lowered the company’s ratings on debt concerns. Commodity tycoon billionaire Anil Agarwal led Vedanta Limited, India's leading aluminium producer, and diversified to other natural resources. It is the most extensive mining and non-ferrous metals company in India and has mining operations in Australia and Zambia and oil and gas operations in three countries. According to a statement released on November 3rd, 2022, late evening India time, Vedanta said: “Vedanta Resources Limited hereby announces that it has today given notice to Moody’s Investor Services to discontinue its rating engagement and to withdraw all the outstanding...
Alcoa Corporation, the world’s eighth largest aluminium producer, won the Aluminum Industry Leadership award at the 10th annual Platts Global Metals Awards, which recognise and celebrate leadership, innovation, stewardship and commitment to a greener future. Kelly Thomas, Alcoa’s Executive Vice President and Chief Commercial Officer, accepted the award, the most respected and competitive in the metals sector. It recognises companies that shape the future of the metals industry. For the past five decades, the Global Metals Awards has recognised and honoured the best-of-the best in the metals industry, whether individual or company. The award acknowledges leadership across fifteen categories. The Aluminum Industry Leadership award recognises companies that produce and process aluminium...
A billet is one of the most widely used aluminium product forms globally. Billets can be produced immediately by continuous casting, extrusion, or hot rolling an ingot or bloom. On Thursday, November 3, aluminium billet inventories in China increased by 4,700 tonnes W-o-W, closing at 60,500 tonnes. Arrival times were delayed by slower transportation, and downstream consumers in east and south China were more cautious due to the epidemic. It is anticipated that the social inventory will grow modestly next week. The figure below provides further information on the current state of aluminium billet inventories in China: According to the SMM data, inventories in Wuxi and Huzhou ascended by 6,200 tonnes or 119.23 per cent and 1000 tonnes or 20 per cent to settle at 11,400 tonnes and 6,000...
Vedanta Limited has expanded its aluminium ingot and aluminium products prices, effective from Wednesday, November 2, soon after it cut the prices on the previous day. On November 1, the company reduced its aluminium ingot price by INR 2,750 per tonne to INR 210,250- 240,750 per tonne, following which it hiked the price by INR 5,250 per tonne on November 2 to INR 215,500- 246,000 per tonne. Vedanta’s aluminium billets price has been also been raised by INR 5,250 per tonne, with effect from November 2, to sell the product at INR 224,500 per tonne, after deducting INR 2,750 per tonne from the item on November 1 to INR 219,250 per tonne. Aluminium wire rod price is currently hovering around INR 223,000- 230,500 per tonne since November 2, seeing an increase of INR 5,250 per tonne. On...
LME aluminium opened at US$2,252.50 per tonne on Wednesday, with its high and low at US$2,276.50 per tonne and US$2,233 per tonne, respectively, before closing at US$2,250 per tonne, a drop of US$7 per tonne or 0.31 per cent. On November 2, Wednesday LME aluminium cash bid price plunged by US$18.50 per tonne or 0.82 per cent to halt at US$2,226.50 per tonne, and the LME aluminium official settlement price also shed the same percentage to rest at US$2,227 per tonne. The 3-month bid price dived down by US$16 per tonne or 0.71 per cent to close at US$2,237.50 per tonne, and the 3-month offer price slumped by US$15.50 per tonne or 0.69 per cent to close at US$2,238.50 per tonne. December 23 bid price and December 23 offer price both recorded an US$8 per tonne or 0.34 per cent fall, stopping...
In August 2022, the United States’ domestic primary aluminium production stood at 61,000 tonnes, falling further, although at a lower rate than the previous month, found the US Census Bureau data. The output in July fell by 14,000 tonnes M-o-M to come in at 64,000 tonnes, while that in August dipped by 3,000 tonnes. The production decline in August marks the third consecutive month-on-month fall since June 2022, whereby the output plunged by 6,000 tonnes or 7.14 per cent from 84,000 tonnes to 78,000 tonnes. On a year-on-year calculation, the production in August 2022 was 12,000 tonnes or 16.44 per cent less than 73,000 tonnes. The average daily production was 1,980 tonnes, which registered a decline of 4.35 per cent from 2,070 tonnes in July’22 and 16.11 per cent from 2,360 tonnes in...
The renowned Indian aluminium manufacturer Bharat Aluminium Company Limited (BALCO), a subsidiary of Vedanta Aluminium, has successfully executed test runs for biodiesel in smelting operations. In the pilot test, the company preheated ladles or vehicles that transport hot metal (aluminium) in its molten condition from plotlines to cast houses by fuelling them with biodiesel. A potline is a long building or group of buildings that are part of a smelter and houses many pots, or huge electrolytic cells, where aluminium is melted. The preheating procedure is absolutely essential for the ladle to be completely dry. This is crucial for preserving the metal's temperature and purity for transit to the casting facilities, where the molten aluminium is transformed into various finished goods....
Emirates Global Aluminium (EGA), the largest industrial organisation in the United Arab Emirates (UAE), excluding oil and gas, joined the First Movers Coalition to support cutting-edge clean solutions in challenging industries. The First Movers Coalition, which now has more than 50 significant companies from across the world as members, welcomed EGA as the first corporation with a headquarter in the UAE. The World Economic Forum and the US Office of the Special Presidential Envoy for Climate Change, chaired by John Kerry, are members of the First Movers Coalition. "As a UAE company, we are committed to the nation's Net Zero by 2050 Strategic Initiative. To decarbonise our aluminium, we have to reach net zero not just in our own operations but also our supply chain. Joining the First...
On Monday, October 31, a report from CRISIL showed a high possibility of Indian primary aluminium producers’ lower operating margin by more than 1200 basis points (bps) this financial year to 22-24 per cent, owing to decreased realisations and soaring production costs. Last fiscal year, primary aluminium producers experienced a record operating margin at a decade high of 36 per cent, backed by strong realisations for historically high global aluminium prices amid post-Covid economic recovery. This year, the operating margin is expected to downtrend to match past levels but be higher than the average of 17 per cent over FY2017-21, found CRISIL based on the analysis of three companies that account for the entire domestic capacity of 4.1 million tonnes. However, amid a dip in operating...
