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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Three-month LME aluminium hit a low of US$$2,191 per tonne after opening at US$2,255 per tonne on Tuesday, October 11, but then rallied and closed at US$2,251 per tonne, down 0.16 per cent. On Tuesday, October 11, LME aluminium cash bid price and LME aluminium official settlement price continued to decline for the third day in a row. Both the prices lost US$ 55.50 per tonne and settled at US$2,218 per tonne and US$2,218.50 per tonne, respectively. 3-month bid price and 3-month offer price plunged by US$62 per tonne and US$62.50 per tonne to rest at US$2,215 per tonne and US$2,215.50 per tonne. December 23 bid price and December 23 offer price further contracted by US$66 per tonne to hover around US$2,297 per tonne and US$2,302 per tonne. LME aluminium opening stock slipped 1875 tonnes to...
The global leader in low-carbon aluminium production, Rusal, announces the appointment of Roman Andryushin as Rusal's Deputy CEO, Sales and Marketing Director. As part of the Company's long-term strategy to grow and expand its presence, the appointment supports its long-term growth strategy. Roman Andryushin will be responsible for global aluminium sales in his new position. Previously Sales and Marketing Director Steve Hodgson remained with Rusal Marketing GmbH, supporting sales to the Company’s international consumers. Elias Sarkis has been appointed Export Sales Director, Deputy Sales and Marketing Director, and Bob Katsiouleris as Market Development and Quality Director, reporting to Roman Andryushin. Evgenii Nikitin, the General Director of Rusal, said, “Roman has worked at Rusal for...
LME aluminium opened at US$2,285 per tonne on Monday and closed at US$2,255 per tonne, down 1.38 per cent. On Monday, October 10, both LME aluminium cash bid price and LME aluminium official settlement price declined by US$67.5 per tonne or 2.88 per cent and US$68 per tonne or 2.90 per cent to settle at US$2,273.50 per tonne and US$2,274 per tonne. 3-month bid price and 3-month offer price slumped by US$67 per tonne or 2.85 per cent and US$67.5 per tonne or 2.87 per cent to reside at US$2,277 per tonne and US$2,278 per tonne. December 23 bid price and December 23 offer price dwindled by US$70 per tonne or 2.87 per cent to record at US$2,363 per tonne and US$2,368 per tonne. LME aluminium opening stock stood at 327675 tonnes. Live warrants and Cancelled warrants were halted at 269925...
The silvery metal aluminium has unblocked new dimensions in the last decades, as endless objects that can be simplified and upgrade the quality of daily human life are relatively made from aluminium. Aluminium is essential in converting to a climate-friendly economy. Electric vehicles, renewable energies, building and construction, machines, electronics, and packaging materials can be from recycled aluminium. Rob van Gils, the newly elected new President of Aluminum Germany, said, "The high energy prices are tearing the rug out from under the feet of energy-intensive production in Germany." Primary aluminium production is highly energy-sensitive; around 17,000 kWh of electricity is required to produce 1 tonne of aluminium. This indicates that it has a relatively high cost. Germany's...
The Shanghai Metals Market survey found social inventories of primary aluminium built-up 55,000 tonnes across eight major Chinese consumption areas, including SHFE warrants, during the National Day holiday ended October 7, 2022. As of Saturday, October 8, inventories totalled 674,000 tonnes, up by 22,000 tonnes from October 26. The surge in inventories could be attributed to downstream consumption recovery, as better consumption led to the possibility of continuous inventory accumulation. The chart below indicates the current status of primary aluminium inventories across China in more details: On a week-on-week basis, primary aluminium inventories in Wuxi rose 17,000 tonnes to stand at 206,000 tonnes as of October 8, following a sharp downfall of 22,000 tonnes in Gongyi to 90,000 tonnes....
LME aluminium rose from around US$2,140 per tonne to US$2,420 per tonne before falling back to around US$2,300 per tonne during the National Day holiday. LME aluminium closed at US$2,286 per tonne last Friday, up US$145 per tonne or 6.7 per cent during the National Day holiday. On October 7, Friday, LME aluminium cash bid price dropped by US$13.50 per tonne or 0.57 per cent to close at US$2,341 per tonne, and LME aluminium official settlement price also went down by US$13 per tonne or 0.55 per cent to rest at US$2,342 per tonne. International aluminium smelters and the smelters in China have curtailed their production rate but on the domestic side, the demand for downstream products expanded in September with local supply and export increasing on a month-on-month basis. 3-month bid price...
This week the global primary aluminium segment witnessed a lot of ups and downs. To begin with, in response to a recent media allegation, the largest producer of aluminium in the world, Rusal, vehemently denied any claims that it intended to supply significant amounts of metal on the LME, in Europe, the United States, or anywhere else. Also, the North American aluminium sector, recognised as the industry leader in producing everything from space components to autos and beverage cans, is postponing its raw material orders for 2023. The official settlement price for LME aluminium and the cash bid price for LME aluminium both fell by US$16.5 per tonne and US$16 per tonne on Monday, October 3, respectively, to start the week at US$2,163 per tonne and US$2,164 per tonne. However, on Tuesday,...
The LME aluminium benchmark price soared through this week except the fact it started with a decline. On Monday, October 3, LME aluminium cash bid price and LME aluminium official settlement price slumped by US$16.5 per tonne and US$16 per tonne, respectively, to initiate the week at US$2,163 per tonne and US$2,164 per tonne. But on Tuesday, October 4, the prices escalated by 4.5 per cent to rest at US$2,261 per tonne and US$2,261.50 per tonne. The next day, October 5, LME aluminium cash bid price and LME aluminium official settlement price further shot up by US$27 per tonne and US$27.50 per tonne to close at US$2,288 per tonne and US$2,289 per tonne. On October 6, both the prices continued to grow and stood at US$2,354.50 per tonne and US$2,355 per tonne, respectively. However, on...
National Aluminium Company Limited (NALCO) has significantly raised its aluminium ingot and aluminium products prices, effective from Thursday, October 6, following a sharp cut on September 27. NALCO’s aluminium ingot price has witnessed a surge of INR 19,800 per tonne to stand at INR 223,250-226,750 per tonne versus INR 203,450-206,950 per tonne last week. NALCO’s aluminium wire rod price has come in at INR 226,750-231,100 per tonne, also up by INR 19,800 per tonne from INR 206,950- 211,300 per tonne on September 27. Aluminium billets price is no exception but soared by the same amount to settle at INR 227,700-230,350 per tonne versus INR 207,900- 210,550 per tonne on September 27. NALCO has sharply expanded its aluminium prices in response to the continued increase in the three-month...
Hindalco Industries Limited has further expanded its aluminium ingot and aluminium products prices on Friday, October 7, following a hike two days ago (October 5). The company has continued to raise its aluminium ingot price by INR 9,000 per tonne or 4.26 per cent after increasing it significantly by INR 7,000 per tonne on the previous day. Therefore, the ingot price is now at INR 220,250 per tonne versus INR 211,250 per tonne on October 5. Hindalco’s aluminium wire rod price has also been raised by INR 9,000 per tonne on October 7 bringing it to INR 231,350 per tonne. On October 5, the price stood at INR 222,350 per tonne, seeing a build-up by INR 7,000 per tonne from the previous day. Aluminium billets price has come in at INR 234,350 per tonne as of October 7 compared to INR 225,350...
On October 6 2022, the Government of Norway presented a budget proposal for 2023, and the draft incorporates several elements affecting Hydro's activities in the Norwegian market. The Norwegian aluminium and renewable energy company Norsk Hydro headquartered in Oslo, produces 9.4 TWh of equity power annually during an average year. It operates five wholly-owned primary production facilities in Norway, with a combined capacity of about 1.1 million tonnes of primary aluminium. Moreover, Hydro has an aluminium extrusion plant in Magnor. The overall company employs around 4500 people in the country. The national budget for 2023 includes proposals to raise resource rent taxes on hydropower and clarify the CO2 compensation scheme. On September 28, the government proposed an additional resource...
On Thursday, October 6, both LME aluminium cash bid price and LME aluminium official settlement price soared up by US$66.5 per tonne or 2.90 per cent and US$66 per tonne or 2.88 per cent to settle at US$2,354.50 per tonne and US$2,355 per tonne. 3-month bid price and 3-month offer price surged by US$62 per tonne or 2.69 per cent and US$61 per tonne or 2.65 per cent to rest at US$2,359 per tonne and US$2,360 per tonne. December 23 bid price and December 23 offer price shot up by US$62 per tonne or 2.59 per cent and 2.58 per cent to record at US$2,452 per tonne and US$2,457 per tonne. LME aluminium opening stock came in at 328850 tonnes. Live warrants and Cancelled warrants stood at 265625 tonnes and 63225 tonnes. LME aluminium 3-month Asian Reference Price showed no change, settling at...
On Thursday, September 6, Alcoa Corporation announced a new power purchase agreement (PPA) with Endesa to facilitate reopening the San Ciprián aluminium smelter in Spain. Endesa is a well-known power provider in Spain and a division of the Enel Group. From 2024 through at least 2030, the agreement will include power balancing services for the smelting load. Electricity is delivered to the smelter's consumption point through balancing services directly from the market or baseload volumes from a power purchase deal with Endesa. The agreement with Endesa would cover up to 131 megawatts starting in the second half of 2025 and continuing through 2033, or little more than 30 per cent of the smelter's maximum-capacity energy needs. As the process of building wind farms progresses, the final...
Spinifex Offshore Wind Farm has received $1.5 million in financing from the Australian Renewable Energy Agency (ARENA) to supply the Portland Aluminium Smelter with up to 100 per cent renewable energy from a 1,000 MW wind farm off the southwest coast of Victoria. A wind resource evaluation will be done by Spinifex, an Alinta Energy subsidiary, and early-stage development operations leading to the building of the wind farm will be accelerated. The Portland Aluminium Smelter's existing substation would be used to link the offshore wind farm to the National Electricity Market (NEM), which would enable the smelter to run on renewable energy and reduce its carbon footprint. The smelter can produce over 358,000 tonnes of aluminium annually, more than 20 per cent of the country's total...
The world's leading aluminium producer Rusal, further to a recent media report, refutes in the strongest terms any suggestion that it is planning to deliver large quantities of metal on the LME, in Europe, the U.S. or any other location. Rusal also commented that the statements otherwise are highly speculative and irresponsible. The company's sales book is solid and does not need to deliver metal to LME warehouses. The Russian aluminium giant also notes the alarmist views expressed by other interested parties that it is damaging to the industry's confidence as a whole. Rusal stated, “We want to point out that there is no basis upon which to take any action regarding the warrantability of RUSAL's metal, and any decision otherwise could have long-lasting adverse effects on the market,...
New Zealand Aluminium Smelter (NZAS) and Rio Tinto have formed an alliance with the Iwi to restore the Tiwai Point aluminium site in Southland. Smelter owner Rio Tinto and Te Rūnanga o Ngāi Tahu declared in a joint statement that the Murihiku Rūnaka had been approached to chalk out a plan for the regeneration of the land. The memorandum was signed at Te Rau Aroha Marae in Motupōhue/Bluff by frontmen from Murihiku Rūnaka and Te Rūnanga o Ngāi Tahu. Under the clause of the agreement, NZAS and Rio Tinto will work jointly with the local rūnaka to transform the site, though the document would not be made public. The team will start by removing waste, performing environmental studies and rejuvenating the site. This step was necessary after the review released last month displaying the waste...
On October 5, Wednesday, LME aluminium cash bid price has seen a rise of US$27 per tonne or 1.19 per cent to close at US$2,288 per tonne, and LME aluminium official settlement price also shot up by US$27.50 per tonne or 1.22 per cent to rest at US$2,289 per tonne. 3-month bid price has jumped up by 1.19 per cent or US$27 per tonne to stand at US$2,297 per tonne, while the 3-month offer price has witnessed a similar price hike, closing at US$2,299 per tonne. December 23 bid price and December 23 offer price both moved upwards by 0.93 per cent or US$22 per tonne, stopping at US$2,390 per tonne and US$2,395 per tonne, respectively. LME aluminium opening stock continued to decline by 0.02 per cent or 75 tonnes, from 328,600 tonnes to 328,525 tonnes as of October 5. Live warrants totalled...
The Russian aluminium giant RUSAL's Board of Directors approved the metal company's Health and Safety strategy until 2030. RUSAL's Health and Safety strategy aims to enhance all elements of occupational health, considering the best corporate practices. According to the strategy, the frequency of occupational accidents and major incidents will be at least halved at the organisation's production facilities by 2030. Targets also incorporate the complete elimination of fatal injuries and significant fires. In order to achieve its goals, Rusal plans to improve the occupational health culture among its employees. This requires the development of line managers' leadership competencies and each employee's safe behavioural skills. Special attention is given to encouraging employees' personal and...
