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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The Volta Aluminium Company (VALCO), a subsidiary of Kaiser Aluminium operating from Ghana, has halted its operations due to the ongoing dispute among workers for a salary bar adjusted with the dollar rate. The VALCO workers are now entitled to salaries in dollars but are paid in equation with the Ghanaian cedi currency. Since the cedi has recently lost its value compared to the dollar, the workers are hoping for reimbursement following the American currency chart. The argument the workers have put forth is straightforward and justified as most of them claim that their salaries are subsequently decreasing in value and they are not being paid what is due. Under the Integrated Aluminium Industry (IAI) in Ghana, VALCO has opened the market for intense development in both upstream and...
According to a report on Monday, October 31, South Africa’s Industrial Development Corporation (IDC), a national development finance institution, has expanded its shareholding in Mozambique’s Mozal Aluminium to 32.45 per cent. Earlier, IDC had a 24 per cent share in the hydropowered smelter, located 20 Km west of Maputo. Mozal dates back to 1998, formed by a partnership between IDC, BHP Billiton, now South32, Mitsubishi and the Mozambican government. The operation started in late 2000 and soon after underwent expansion plans to double its capacity. As the demand for aluminium is at an optimum level to achieve a low-carbon future, metal companies are increasingly attracting investors’ interest. Last year, South32 acquired an additional 8.445 per cent share in Mozal, which increased its...
LME aluminium opened at US$2,227 per tonne Tuesday, with its high and low at US$2,275 per tonne and US$2,218 per tonne, respectively, before closing at US$2,257 per tonne, an increase of US$31.5 per tonne or 1.42 per cent. On Tuesday, November 1, both LME aluminium cash bid price and LME aluminium official settlement price ascended by US$49 per tonne or 2.23 per cent and US$48.5 per tonne or 2.20 per cent to close at US$2,245 per tonne and US$2,245.50 per tonne. 3-month bid price and 3-month offer price were hiked by US$48.5 per tonne or 2.19 per cent and US$47 per tonne or 2.12 per cent to score at US$2,253.50 per tonne and US$2,254 per tonne. December 23 bid price and December 23 offer price settled at US$2,323 per tonne and US$2,328 per tonne after witnessing a growth of US$43 per...
Press Metal Aluminium Holdings Bhd is estimated to mark an exponential double-digit net profit in the Financial Year 2022 (FY22). Though aluminium spot prices have declined, there is a sufficient hike in carbon anode prices which will increase operational costs. There is a projected growth of 50 per cent on a year-on-year basis (y-o-y) in FY22 for the biggest aluminium smelter in South-East Asia, even though the Hong Leong Investment Bank (HLIB) Research predicted a quarter-on-quarter (q-o-q) downfall in net profit for the third quarter of FY22 (3Q22). For the financial year 2023 (FY23), the HLIB claims that the net profit for Press Metal would have a restrained growth of 41 per cent y-o-y. The enormous y-o-y growth for FY22 and FY23 has been calculated keeping in mind the stocks from its...
Emirates Global Aluminium, the world's largest producer of 'premium aluminium', with smelters in Abu Dhabi and Dubai, welcomed His Excellency Sameh Al Qubaisi, Director General of Economic Affairs at the Abu Dhabi Department of Economic Development (ADDED) to the business's Al Taweelah site. His Excellency and other delegates from ADDED were welcomed by Abdulla Kalban, the managing director of EGA, and Abdulnasser Bin Kalban, the chief executive officer of EGA. The group received a briefing on EGA's industrial operations in Abu Dhabi and its efforts to further localise the company's supply chain and enhance Emiratization. "It was a pleasure to welcome His Excellency and his delegation from the Abu Dhabi Department of Economic Development to Al Taweelah, which is amongst the largest...
Social inventories of primary aluminium across China’s eight major consumption areas, including SHFE warrants, stood at 613,000 tonnes, after being slipped by 8,000 tonnes or 1.29 per cent over the weekend from 621,000 tonnes, found the Shanghai Metals Market data. On a week-on-week calculation, the inventories fell by 13,000 tonnes from 626,000 tonnes on October 24. The continued decline in inventories could be attributed to the ongoing closure of Gongyi Railway Station as it had been hindering cargo arrivals. The chart below represents the current status of primary aluminium inventories across China in more details: According to SMM data, primary aluminium inventories in Wuxi decreased by 5,000 tonnes over this weekend ended October 31 to stand at 205,000 tonnes, followed by the...
Australia's leading provider of aluminium products and associated services, Capral, introduced LocAl®, a lower-carbon primary aluminium option available across Capral's locally manufactured extruded aluminium products. The nation's largest extruder provides Australian manufacturers access to cleaner, greener, more sustainable aluminium for their projects. The LocAl® offer includes two low-carbon aluminium options amongst the lowest carbon aluminium available globally: LocAl® Green with carbon emissions of 8kg CO2e/kg Al* LocAl® Super Green at 4kg CO2e/kg Al* As part of Capral's 2022 commitment to reach net-zero emissions by 2050, the company is driving rapid innovation and cultural evolution throughout the organization, particularly within procurement and operations. LocAl® represents a...
LME aluminium opened at US$2,230.5 per tonne Monday, with its high and low at US$2,241 per tonne and US$2,188.5 per tonne respectively before closing at US$2,225.5 per tonne, a drop of US$8.5 per tonne or 0.38 per cent. On October 31, Monday LME aluminium cash bid price dropped by US$29.50 per tonne or 1.32 per cent to halt at US$2,196 per tonne, and the LME aluminium official settlement price also declined by US$29 per tonne or 1.3 per cent to rest at US$2,197 per tonne. The 3-month bid price decreased by US$30.50 per tonne or 1.36 per cent to close at US$2,205 per tonne and the 3-month offer price slumped by US$29 per tonne or 1.3 per cent to close at US$2,207 per tonne. December 23 bid price and December 23 offer price recorded a US$35 per tonne or 1.51 per cent fall, stopping at...
On November 1, 2022, China Hongqiao Group said it would move 2 million tonnes of its capacity to the country’s southwest by the end of next year, as was decided earlier, despite the recent electricity supply disruptions there. The news came after Ron Knapp, adviser to the office of the chairman, told Reuters on Monday that Hongqiao Group built 850,000 tonnes of capacity in Yunnan this year, and by the end of 2023, it would build a total 2.03 million tonnes of capacity in Yunnan Hongtai plant. He clarified that relocation would occur despite Yunnan's ongoing power supply disruptions. The world’s top private aluminium producer had previously said it would move more than 60 per cent of its 6.46 million tonnes of capacity to Yunnan province from northern Shandong province by the end-2025 to...
Hindalco Industries Limited axed its aluminium ingot and aluminium products prices, effective from Saturday, October 29, following a hike on a day before. On Friday, October 28, Hindalco increased its aluminium ingot price by INR 11,500 per tonne to sell the item at INR 217,000, while on October 29, the company reduced it by INR 6,500 per tonne or 3 per cent to INR 210,500 per tonne. Hindalco’s aluminium wire rod price also saw a cut of INR 6,500 per tonne on October 29 to come in at INR 221,600 per tonne after it rallied by INR 11,500 per tonne on the previous day to peg at INR 228,100 per tonne. The company’s aluminium billets price is currently summed up at INR 224,600 per tonne, with effect from October 29, versus INR 231,100 per tonne on October 28. Hindalco Industries Limited cut...
The Russian aluminium giant and the sole primary aluminium producer in Russia, RUSAL, revealed its updated corporate Environmental Policy. The Environmental policy sets the company goal as “Creating a fundamentally new approach to production to meet the principles of the green economy” and for this purpose, RUSAL will pursue leveraging the best available technologies and innovations, striving to harmonize the company's development while mitigating adverse environmental impacts. An essential fundamental of a green economy is decoupling economic growth from environmental impact. According to the updated Environmental Policy, this is the way Rusal will follow to build a brand-new class of sustainable metallurgical production. It will be accompanied by: The rational consumption of primary...
LME aluminium opened at US$2,284.5 per tonne last Friday, with its high and low at US$2,285 per tonne and US$2,191 per tonne, respectively, before closing at US$2,234 per tonne, a drop of US$57 per tonne or 2.49 per cent. On Friday, October 28, both LME aluminium cash bid price and LME aluminium official settlement price dwindled by US$71 per tonne or 3.09 per cent to record US$2,225.50 per tonne and US$2,226 per tonne. 3-month bid price and 3-month offer price plunged by US$64.5 per tonne or 2.80 per cent and US$66 per tonne or 2.86 per cent to halt at US$2,235.50 per tonne and US$2,236 per tonne. December 23 bid price and December 23 offer price slumped by US$60 per tonne or 2.52 per cent to peg at US$2,315 per tonne and US$2,320 per tonne. LME aluminium opening stock settled at 587425...
This week the global primary aluminium industry witnessed a lot of significant events. The ongoing geopolitical conflict between Russia and Ukraine has brought about many changes in the industry. To begin with, on October 24, 2022, Norsk Hydro's CEO and President Hilde Merete Aasheim urged the European Union and the United States to stop importing Russian aluminium onto their respective continents. On October 24, five European business organisations said they had encouraged European policymakers to avoid imposing sanctions, tariffs, or boycotts on Russian aluminium. From the market forefront, Hydro reported an adjusted EBIDTA of NOK9,721 million in 3Q2022, an increase of 34.65% from NOK7,219 million for the same period in the previous year. Due to port congestion and a decrease in...
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a decrease of 15,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, October 27, the inventories totalled 621,000 tonnes, which in comparison with the month’s last Monday, October 24, shrunk by 5,000 tonnes. As of now, the inventories in October dropped by 361,000 tonnes, as recorded in the same period last year. The local inventory was getting dumped in the warehouse because the imports to Wuxi were as usual, but the market transactions were slow. The Gongyi Railway Station in Henan province has started restoration work from the evening of October 26, which assures the traders that more cargoes will enter the station next week, but the local...
As of October 27, the domestic aluminium billet social inventory settled at 55,800 tonnes, down by 16,100 tonnes from the previous week. Since the National Day break ended, the inventory witnessed a downfall and was also at its lowest point in recent years. The figure below provides further information on the current state of aluminium billet inventories in China: The inventory in Foshan plunged by 13,300 tonnes or 25.97 per cent to settle at 37,900 tonnes from 51,200 tonnes recorded last week. On the same day, inventories in Huzhou and Changzhou dropped by 1000 tonnes and 800 tonnes to peg at 5,000 tonnes and 4,100 tonnes. As per the data, inventories in Wuxi and Nanchang slumped by 600 tonnes and 400 tonnes to record at 5,200 tonnes and 3,600 tonnes. As a result of logistical problems...
The Dutch aluminium producer Delfzijl Aluminum commonly known as Aldel, filed for bankruptcy with the court on Thursday, October 27. The news was confirmed by Eric Wildschut, director of finance. High energy costs are the primary reason for the financial issues, resulting from which they had stopped manufacturing since the beginning of September. In 1966, Damco Aluminum Delfzijl (Aldel) was established in Delfzijl and considered one of the biggest employers in Northeast Groningen. The plant melts and casts high-quality aluminium consumed in the automobile sector. The factory requested the judicial deferral of payment on Monday, October 24. Since then, the Dutch aluminium maker has attempted to work with an administrator to establish a payment option, but according to Wildschut, there need...
LME aluminium opened at US$2,333.5 per tonne on Thursday; with its high and low at US$2,341.5 per tonne and US$2,275 per tonne, respectively, before closing at US$2,291 per tonne, a drop of US$39 per tonne or 1.67 per cent. On October 27, Thursday LME aluminium cash bid price augmented by US$31.50 per tonne or 1.39 per cent to halt at US$2,296.50 per tonne, and the LME aluminium official settlement price also escalated by the exact same percentage to rest at US$2,297 per tonne. The 3-month bid price and 3-month offer price increased by US$40 per tonne or 1.77 per cent to close at US$2,300 per tonne and US$2,302 per tonne, respectively. December 23 bid price and December 23 offer price recorded a US$43 per tonne or 1.84 per cent hike, stopping at US$2,375 per tonne and US$2,380 per tonne....
The diversified miner and metal producer, South32, has maintained its outlook for a few commodities over the longer term, despite the decrease in base metal prices. Following the company's annual general meeting (AGM), Graham Kerr, the CEO, said, "In the company's longer-term, commodities such as copper, nickel, zinc and silver would pursue to play an essential role in decarbonising the world." "That demand will be super strong, and the reality is that supply over the last five or six years has been shrinking, and there has been a severe lack of investment and exploration. So we will see higher prices in the long-term, which will make the industry very attractive." Regarding South32’s outlook on further acquisitions in the base metals sector, Kerr pointed out that there were few...
