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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According to information provided by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), production of aluminium ingot increased in Iran during the first half of the current Iranian calendar (March 21–September 22) by 23 per cent when compared to the same period in the previous year. As per the data from IMIDRO, 318,091 tonnes of aluminium ingot were produced in the first half of this year compared to 259,574 tonnes during the same period last year. The first half of the current year saw South Aluminum Corporation (SALCO), one of the nation's four major producers, perform best, producing 137,351 tonnes of aluminium ingots. Iranian Aluminum Company (IRALCO) produces 88,111 tonnes, and Almahdi Aluminum Company produces 74,543 tonnes. And Iran Alumina...
The aluminium conglomerate in the Middle-east region, Emirates Global Aluminium (EGA), with interests in bauxite, alumina and primary aluminium smelting, has diagnosed millions of dirhams of annual procurement spending are accounted on imported goods, that the aluminium producer counts be manufactured domestically, thus contributing to the UAE's Operation 300bn industrial growth strategy and economic growth. Typical opportunities include general materials, industrial equipment, and spare parts commonly needed across industries but not currently manufactured in sufficient quantities or at all in the UAE. As part of Operation 300bn, the UAE's strategy to more than double the size of its industrial sector by 2031, EGA aims to localize its procurement of materials further. In 2021, EGA spent...
LME aluminium opened at US$2,301 per tonne on Monday and closed at US$2,214 per tonne, down US$46.5 per tonne or 2.03 per cent. On Monday, October 17, aluminium prices dropped due to large deliveries to warehouses approved by the London Metal Exchange (LME). Both LME aluminium cash bid price and LME aluminium official settlement prices plunged by US$69.5 per tonne or 3.01 per cent and US$69 per tonne or 2.98 per cent to rest at US$2,239 per tonne and US$2,240 per tonne. Russian aluminium has been shunned by consumers, fuelling worries that it may enter the LME system and affect pricing. Additionally, the premium for cash metal over the three-month contract has shrunk due to increased aluminium stockpiles. According to traders, increased aluminium inventories may be for deliveries against...
The market research and analysis wing of RHB Malaysia, RHB Research, states that Press Metal Aluminium Holdings Bhd is a vital proxy of sustainable low-carbon producing aluminium smelters. In a recent report to its clients, the research agency said, "This is amid the global decarbonization efforts in limiting coal-fired energy-supplied smelters and the current short supply in the industry." "We still like our sector's top pick, Press Metal, for its capacity-driven earnings upcycle with three-year forward earnings compounded annual growth rate (CAGR) of 26% from 2021. The group's proactive hedging policy should also provide some average selling price protection amid the softness in London Metal Exchange (LME) prices." According to the LME inventory report at the end of September, there...
LME aluminium opened at US$2,330 per tonne last Friday, with its intraday high and low at US$2,393 per tonne and US$2,287 per tonne, respectively, before closing at US$2,290 per tonne, a drop of US$61.5 per tonne or 2.61 per cent. The decline was caused by the growing LME aluminium inventory. On Friday, October 14, both LME aluminium cash bid price and LME aluminium official settlement price declined by US$65 per tonne or 2.73 per cent to settle at US$2,308.50 per tonne and US$2,309 per tonne. On the same day, 3-month bid price and 3-month offer price slumped by US$58 per tonne or 2.45 per cent and US$57.5 per tonne or 2.43 per cent to halt at US$2,302 per tonne and US$2,303 per tonne. On the other hand, December 23 bid price and December 23 offer price hiked by US$66 per tonne or 2.86...
The chairman of En+ Group, Christopher Burnham, stated that the article published by Bloomberg on 12th October 2022 on the US sanctions speculations was ‘irresponsible’. The group’s metal arm is the world’s leading producer of low-carbon aluminium (Rusal) and the most significant independent renewable energy generator. The En+ Group is a multinational organization with over 90,000 employees and 60 assets in 12 countries, including operations in Jamaica, Ghana, Guyana, Ireland, Italy, Germany, Sweden, Ukraine, and Russia. The Group provides aluminium and aluminium alloy to metal products-related companies, major automotive firms, and aerospace and construction organizations in more than 50 countries globally. The chairman commented, “The article is simply wrong. We remain in full...
The ongoing Russia-Ukraine crisis has changed a lot of things in the industry. From the domestic aluminium prices witnessing a hike over the past week to Alcoa influencing the Biden administration to prevent American imports of Russian aluminium, it has brought about a lot of differences. As a result, aluminium prices rose by more than 3 per cent. Also, the embargo on Russian aluminium jeopardises the world market's ability to recover from various crises. It raises the question of whether China, the world's largest aluminium producer, can fill the supply gap. The possibility that the London Metal Exchange might restrict the entry of Russian metal, Beijing's support for domestic producers, and production reductions in both Europe and China, according to Platts Analytics, have all...
Hindalco Industries Limited has expanded its aluminium ingot and aluminium product prices in line with the global aluminium benchmark price increase. As of Friday, October 14, Hindalco’s latest aluminium ingot price closed at INR 223,750 per tonne, up by INR 13,750 per tonne from INR 210,000 per tonne on the previous day. The price of aluminium billets also surged by INR 13,750 per tonne from October 14 to halt at INR 237,850 per tonne. The amount recorded on October 12 settled at INR 224,100, which was down by INR 5,000 per tonne from INR 229,100 per tonne on October 11. Aluminium wire rod price has also been hiked by INR 13,750 per tonne to clock at INR 234,850 per tonne. On October 12, it stood at INR 221,100 per tonne, down by INR 5,000 per tonne from INR 226,100 per tonne on October...
Following the recent military escalation in Ukraine, Alcoa is pressing the Biden administration to obstruct U.S. aluminium imports from Russia. As a result, aluminium prices increased by more than 3 per cent. According to recent news reports, the White House is reportedly exploring various alternatives regarding imports of Russian aluminium, including perhaps forbidding leading manufacturer Rusal from selling its goods in the United States. This week, President Joe Biden's administration examined various alternatives regarding imports of Russian aluminium, including perhaps forbidding Rusal, the biggest producer of aluminium outside of China, from selling its goods in the United States. Washington has fewer Russian businesses to restrict as the Russian invasion of Ukraine has extended...
According to the Romanian aluminium producer, Alro SA, one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, the company was declared a "selected investor" following a public tender organized by Complexul Energetic Oltenia (CEO) to build a natural gas fired power plant at Isalnita together. Complexul Energetic Oltenia is a 40-year-old provider of National Power System safety. The energy supplier stated that the wind does not blow continuously, while during cloudy and rainy days, the solar system's efficiency drops, and the sun does not shine all the time. Instead, the coal of Complexul Energetic Oltenia can provide electricity for Romania for the next 40 years, which is possible based only on the reserves discovered so far. Marian...
LME aluminium moved around the 5-day moving average after opening at US$2,330 per tonne on Thursday, and closed at US$2,337 per tonne, a decrease of 0.64 per cent. On Thursday, October 13, LME aluminium cash bid price skyrocketed by US$147.50 per tonne or 6.63 per cent to stand at US$2,373.50 per tonne and LME aluminium official settlement price soared by US$147 per tonne or 6.60 per cent to rest at US$2,374 per tonne. 3-month bid price and 3-month offer price jumped by US$140.50 per tonne to stand at US$2,360 per tonne and US$2,360.50 per tonne. December 23 bid price and December 23 offer price surged by US$118 per tonne to hover around US$2,302 per tonne and US$2,307 per tonne, respectively. LME aluminium opening stock totalled 351900 tonnes. Live warrants and Cancelled warrants closed...
On Friday, October 14, China’s A00 aluminium ingot price expanded by RMB 220 per tonne to settle at RMB 18,700 per tonne, with the average prices ranging between RMB 18,680 per tonne and RMB 18,720 per tonne. The spot contract price is expected to be traded at a discount price of RMB 110 to RMB 70 per tonne. The price in Chongqing has surged by RMB 250 per tonne to rest at RMB 18,790 per tonne. On the same day, the prices in Hangzhou and Wuxi have grown by RMB 220 per tonne to stand at RMB 18,710 per tonne and RMB 18,690 per tonne. As per the SMM data, the prices in Foshan and Gongyi have increased by RMB 210 per tonne to score at RMB 18,720 per tonne and RMB 18,550 per tonne. Tianjin’s price has surged by RMB 200 per tonne to clock at RMB 18,680 per tonne. The prices in Shenyang and...
On Thursday, October 13, aluminium billet inventories in China dwindled by 10,000 tonnes or 9.29 per cent across five major consumption areas. The inventory settled at 97,600 tonnes from 107,600 tonnes recorded on Monday, October 10. Shipments from Yunnan and Xinjiang to Guangdong were decreased by suppliers. The pandemic epidemic in Xinjiang hindered transportation, which decreased arrivals at consumption centres. The figure below provides further information on the current state of aluminium billet inventories in China: The aluminium billet inventory in Foshan has declined by 3,400 tonnes or 4.79 per cent to settle at 67,500 tonnes, from 70,900 tonnes recorded on Monday. As of Thursday, October 13, the inventory in Huzhou and Wuxi has descended by 3,500 tonnes or 26.92 per cent and...
According to Platts analytics, domestic aluminium prices in China have increased over a week based on the possibility that the London Metal Exchange may curb the entry of Russian metal, Beijing’s support for domestic producers, and production cut in both Europe and China. There is also a probability for volatile domestic aluminium prices until LME finally decides to suspend trading and storage of Russian metal, said Platts analytics. According to the Shanghai Futures Exchange (SHFE), the most active SHFE aluminium futures contract for November delivery closed 1.6 per cent higher at RMB 18,565 per tonne than settlement holiday prices, primarily in response to the LME price hike. Till October 6 from the beginning of the month, the aluminium price on the London Metal Exchange rose by US$175...
The chief executive of Greek aluminium and energy company MYTILINEOS, Evangelos Mytilineos, has been elected as the President of Eurometaux (Europe’s metals association) at the association’s General Assembly. He succeeds Mikael Staffas, CEO of Boliden, who has held this post since October 2018. Guy Thiran, the Director General of Eurometaux, commented: “I am thrilled to welcome Evangelos Mytilineos as our new President. His rich experience in the aluminium and energy sectors makes him exceptionally well-placed to lead our industry through today’s unprecedented energy crisis. When Europe commits to improving its strategic autonomy for the metals and minerals required in the energy transition, it’s fitting that a real industrial leader will head us with entire supply chain operations from...
Vedanta Limited has continued to reduce its aluminium ingot and aluminium products prices, with effect from Wednesday, October 12. The company has further axed its aluminium ingot price by INR 5,000 per tonne or 2.3 per cent to INR 212,250- 242,750 per tonne. On the previous day, it stood at INR 217,250 -247,750 per tonne, seeing a slash of INR 5,250 per tonne. The latest cut has brought in the Vedanta’s aluminium wire rod price to INR 219,750- 227,250 per tonne, down by INR5,000 per tonne from INR 224,750-232,250 per tonne on October 11. Aluminium billet price is hovering around INR 221,250 per tonne, effective from October 12, compared to INR 226,250 per tonne last day. Vedanta links its aluminium prices to the three-month futures of aluminium on the London Metal Exchange, which plunged...
The LME aluminium prices on 11 th October 2022 witnessed a glide following Bloomberg's report that the United States is considering a complete ban on Russian aluminium. The ban on Russian aluminium jeopardizes conquering a global market already stumbling from several disarrays while emphasizing if the world's largest aluminium-producing nation, China, could infuse the supply gap. According to people familiar with the deliberations, the US administration is considering the possibility of incorporating sanctions on the Russian aluminium giant as the White House looks to chastise Russia for escalating conflict with Ukraine. These steps would add to a deafening year of price dangling, supply haul and demand unrest in the initiation of Russia-Ukraine's geopolitical crisis from February 2022....
LME aluminium slid to US$2,200 per tonne after opening at US$2,240 per tonne on Wednesday but then jumped more than 6 per cent to US$2,400 per tonne as the United States was considering retaliatory measures against Rusal. LME aluminium closed at US$2,344 per tonne, an increase of 4.11 per cent. On Wednesday, October 12, LME aluminium cash bid price and LME aluminium official settlement price went up after experiencing a decline for three consecutive days. As per the data, both prices grew by US$8 per tonne or 0.36 per cent and US$8.5 per tonne or 0.38 per cent to settle at US$2,226 per tonne and US$2,227 per tonne. On the same day, 3-month bid price and 3-month offer price climbed up the graph by US$4.5 per tonne or 0.20 per cent to stand at US$2,219.50 per tonne and US$2,220 per tonne....
