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 London Metal Exchange's (LME) consultation a few days back on whether outlaw from trading of a powerful metal-producing nation has stimulated disquiet about an upturn twirl in the price of aluminium and diminishing demand for the metal. The London Metal Exchange is a futures and forwards exchange with the world's largest market in standardized forward contracts, futures contracts and options on base metals. On 29th September 2022, LME stated that it reviewed a dialogue on whether Russian aluminium, nickel and copper should pursue to be traded and stored in its system. However, to be much surer about it, a globally renowned and recognized media suggested that LME could not prohibit Russian metals without sanctions being struck on the companies that produced them. Yet, anxiety created...
On October 4, Tuesday LME aluminium cash bid price has escalated by US$98 per tonne or 4.53 per cent to settle at US$2,261 per tonne, and LME aluminium official settlement price also has hiked by US$97.50 per tonne or 4.5 per cent to rest at US$2,261.50 per tonne. 3-month bid price has skyrocketed by 4.7 per cent or US$102 per tonne to stand at US$2,270 per tonne, while the 3-month offer price has witnessed a US$103 per tonne or 4.75 per cent spike, closing at US$2,272 per tonne. December 23 bid price and December 23 offer price both has augmented by 4.3 per cent or US$98 per tonne, stopping at US$2,368 per tonne and US$2,373 per tonne, respectively. LME aluminium opening stock continued to decline by 0.44 per cent or 1,450 tonnes, from 330,050 tonnes to 328,600 tonnes as of October 4....
According to our report, two industry associates directly involved in pricing discussions stated that a premium of $99 a tonne had been agreed between Japanese aluminium buyers and at least two global producers for October-December shipments, a decrease of 33% from a year ago. This is a decrease from $148 a tonne paid in the July-September quarter and marked the fourth consecutive quarterly drop. The price is also lower than the producers' initial offers of $115-$133. Among Asia's top metal importers, Japan is defined by the premium PREM-ALUM-JP negotiates each quarter over the benchmark London Metal Exchange (LME) metal price CMAL0. The aluminium industry in Japan is a complete processing business with the exclusion of smelting. Therefore value addition is less. However, with the rapid...
On Monday, October 3, both LME aluminium cash bid price and LME aluminium official settlement price slumped by US$16.5 per tonne or 0.75 per cent and US$16 per tonne or 0.73 per cent to settle at US$2,163 per tonne and US$2,164 per tonne. 3-month bid price and 3-month offer price settled at US$2,168 per tonne and US$2,169 per tonne after witnessing a drop of US$27 per tonne or 1.23 per cent and US$28 per tonne or 1.27 per cent. December 23 bid price and December 23 offer price slipped by US$23 per tonne or 1 per cent to halt at US$2,270 per tonne and US$2,275 per tonne. LME aluminium opening stock was recorded at 330050 tonnes. Live warrants and Cancelled warrants stood at 261300 tonnes and 68750 tonnes. LME aluminium 3-month Asian Reference Price plunged by US$86.06 per tonne or 3.85 per...
On Monday, October 3, Vedanta Limited, an Indian multinational mining company, reported that its aluminium production stood at 584,000 tonnes in the second quarter of FY2023 ended September 30. That edged 2 per cent higher than 570,000 tonnes during the corresponding period of the last year. The company also reported in the filing, "First half mined metal production at 507,000 tonnes was higher by 8 per cent YoY, on account of increase in ore production, further supported by better grades and improved operational efficiency." Vedanta's production of finished steel also recorded a year-on-year rise of 11 per cent from 293,000 tonnes to 325,000 tonnes in Q2FY23. Total power sales increased to 3,615 million units (MU) during the said period from 2,905 MU a year ago.
As of Thursday, September 29, aluminium billet inventory in China nosedived by 26,000 tonnes W-o-W across four major consumption areas. The inventory closed at 80,100 tonnes from 106,100 tonnes recorded last week. The figure below provides further information on the current state of aluminium billet inventories in China: As per the SMM data, the aluminium billet inventory in Huzhou ascended by 6,600 tonnes to close at 8,000 tonnes on the same day. The inventory in Foshan continued its downward trend and dropped by 14,100 tonnes to close at 51,400 tonnes due to the declining exports from Yunnan and Xinjiang. On the same day, the inventories in Wuxi and Changzhou declined by 4,200 tonnes and 1,400 tonnes to record 11,200 tonnes and 4,900 tonnes. In Nanchang, the inventory dipped by 300...
The global aluminium industry continues to stay in the limelight again in September. Yes, off-course, Aluminium 2022 - Dusseldorf stands to be a key event that the aluminium industry has been waiting for for some time but was postponed due to the Covid pandemic. However, other than this gala event, the industry also witnessed the LME aluminium price hit 18 month low, and the production cut continues but majorly in Europe. Aluminium industry leaders are also concerned about the delay in bookings for 2023 as customers want to clean up their stockpiles. This downward demand trend for silver metal is also an indicator that the world economy is stepping into a slowdown, which is anticipated to cause a worldwide financial crisis. As always, AlCircle brings its readers the best news from the...
On 3rd October 2022, Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (M.H.I.), announced that it had inked a long-term service agreement (LTSA) with Aluminium Bahrain B.S.C. (Alba), the first aluminium smelter in the Middle East. Parts, repairs, and services are covered under the LTSA for Mitsubishi Power's innovative J-series gas turbine power block, which has a 680.9 megawatts (M.W.) capacity. It will enhance Alba's aluminium production, a cornerstone of Bahrain's economic growth and development, by improving reliability, efficiency, and availability of power supply. Alba recently signed a contract with Mitsubishi Power & SEPCOIII to design, engineer, procure, construct and commission a new combined cycle gas turbine power block for Bahrain's Power Station...
The North American aluminium market, known as the pre-eminent maker across-the-board from beverage cans to automobiles to space components, is delaying their 2023 orderings for raw materials. However, a few days back, this issue was even illustrated by a chairman of a major aluminium producer in the Middle East. It was gloomy at this year's conference in Washington, with producers, recyclers, and metal product makers discussing government policy and end-use markets, unlike a year ago when the industry enjoyed its best stretch in a decade. During the negotiation process for 2023 requirements, buyers and sellers inclines to extend the season into the fall later than last year as uncertainty over inflation, supply chains, and economic growth causes buyers to be undecided about booking more...
In August 2022, world alumina production stood at 11.943 million tonnes, reflecting a dip of 1.12 per cent month-on-month, found the International Aluminium Institute. However, the output in July recorded a monthly rise of 2.70 per cent to come in at 12.078 million tonnes. On a year-on-year basis, world alumina output in August’22 improved by 2.33 per cent from 11.671 million tonnes. From January to August, world alumina production totalled 92.463 million tonnes – 0.56 per cent less than 92.985 million tonnes a year ago. The daily average world alumina production in August 2022 was 385,300 tonnes, down by 1.1 per cent from 389,600 tonnes in July but up by 2.34 per cent from 376,500 tonnes in August 2021. In China, alumina output in August recorded a monthly restraint at 6.95 million...
On Friday, September 30, LME aluminium cash bid price and LME aluminium official settlement price plunged by US$81 per tonne, following an outstanding surge on the previous day. While LME aluminium cash bid price came in at US$2,179.50 per tonne, LME aluminium official settlement price stood at US$2,180 per tonne. 3-month bid price and 3-month offer price totalled US$2,195 per tonne and US$2,197 per tonne, down by US$178 per tonne and US$181 per tonne, respectively. December 23 bid price and December 23 offer price lost 3.37 per cent and 3.36 per cent to rest at US$2,293 per tonne and US$2,298 per tonne. LME aluminium opening stock declined 1,925 tonnes to stand at 332175 tonnes. Live warrants and Cancelled warrants for the same day were recorded at 261300 tonnes and 70875 tonnes. LME...
The global primary aluminium segment witnessed a lot of events. To begin with, on Thursday, September 29, the global aluminium benchmark price saw a dramatic expansion of US$181 per tonne due to the ban on Russian supplies by the London Metal Exchange. As a result of traders' worries about supply shortages following the London Metal Exchange's declaration that it was considering blocking new Russian metals from accessing the market, the price of nickel and aluminium rose dramatically on Thursday. On the other hand, the Norwegian aluminium smelter had to partially cut its aluminium output at Hydro Karmøy and Hydro Husnes due to declining demand for aluminium billets in Europe owing to the unfavourable economic climate in Europe and rising energy expenses. On the other hand, Tomago...
On 29 th September 2022, the Slovenian aluminium producer Talum, also one of the leading energy-consuming industries in the country, declared that the company had decided to reduce its primary aluminium production w.e.f 1 st October 2022 due to the energy crisis. Europe is facing a massive energy crisis following the Ukraine-Russia geopolitical, and already the aluminium producers in Europe have scaled down their productions, while a few closed down completely. Aluminium production is a high-energy-intensive process, constituting around 40% of the production cost. The Kidričevo located Talum has been producing aluminium for more than 60 years and belongs to the category of top-notch producers. Talum, as the contemporary production company, belongs to a narrow range of the most efficient...
National Aluminium Company has axed its aluminium ingot and aluminium products prices, with effect from September 27, following a cut of INR 2,500 per tonne ten days ago. NALCO’s aluminium ingot price has seen a slash of INR 7,300 per tonne to come in at INR 203,450-206,950 per tonne versus INR 210,750-214250 per tonne on September 17. NALCO’s aluminium wire rod price has also been reduced by INR 7,300 per tonne, effective from September 27, to stand at INR 206,950- 211,300 per tonne compared to INR 214,250-218,600 per tonne. Aluminium billets price is no exception but experienced a similar downfall to range between 207,900- 210,550 per tonne as of September 27. NALCO has further reduced its aluminium prices, in line with the sharp fall of the three-month futures of aluminium on the...
LME aluminium opened at US$2,134 per tonne on Thursday and closed at US$2,232 per tonne, an increase of US$97 per tonne or 4.54 per cent. Following the London Metal Exchange's announcement that it was contemplating preventing new Russian metals from entering the market, traders became concerned about supply constraints, which led to a dramatic increase in the price of aluminium and nickel on Thursday. On Thursday, September 29, both LME aluminium cash bid price and LME aluminium official settlement price skyrocketed by US$181.5 per tonne or 8.73 per cent and US$181 per tonne or 8.70 per cent to record at US$2,260.50 per tonne and US$2,261 per tonne. 3-month bid price and 3-month offer price heightened by US$169 per tonne or 8.03 per cent and US$170 per tonne or 8.08 per cent to reside at...
According to the International Aluminium Institute, primary aluminium production in Russia & Eastern Europe stood at 350,000 tonnes of primary aluminium in August 2022, reflecting a monthly and yearly restraint. In the first eight months of the year, primary aluminium production in Russia & Eastern Europe totalled 2.729 million tonnes, down by 1.03 per cent from 2.757 million tonnes during the same period last year. In Western & Central Europe, primary aluminium production during August’22 amounted to 250,000 tonnes, seeing a loss of 1,000 tonnes month-on-month from 251,000 tonnes. The output in July saw an increase of 8,000 tonnes from 243,000 tonnes in May. On a year-on-year calculation, Western & Central Europe’s primary aluminium output in August’22 stood 29,000 tonnes or 10.40 per...
Vedanta Limited has further decreased its aluminium ingot and aluminium products prices, effective from Wednesday September 28, after the previous cut on September 24. The company’s aluminium ingot price has witnessed a decline of INR 3,000 per tonne to INR 199,750- 229,250 per tonne versus INR 202,750-232,250 per tonne on September 24. Vedanta’s aluminium wire rod price has also been reduced to INR 207,250- 212,750 per tonne, with effect from September 28, from INR 210,250- 217,750 per tonne on September 24. Aluminium billets price has come in at INR 208,750 per tonne as against INR 211,750 per tonne. Vedanta links its aluminium prices to the three-month futures of aluminium on the London Metal Exchange, which continued to decline since September 23. After three consecutive days of fall...
In response to rising energy prices, Europe's aluminium plants started shutting down, while Russia and China increased imports. The Iberian gas price cap, supported by the EU, is allegedly causing unfair competition, according to representatives of the French aluminium industry, who are also seeking anti-dumping actions against Spain. The agreement is temporary and will take effect until May 31, 2023. With the European Commission, Spain and Portugal agreed to exclude the Iberian Peninsula from the EU's power market regulations in the spring. The deal established a temporary mechanism limiting the gas price to an average of €50 per megawatt-hour until the end of May, slashing power prices for many Spanish and Portuguese consumers in half. The EU executive approved the measures, stating...
