In August 2026, unwrought aluminium alloy exports were 51,600 tonnes, up 77.6 per cent YoY but down 11.9 per cent M-o-M. Cumulative exports from January to August 2026 were 348,700 tonnes, up 100.1 per cent Y-o-Y. By import source, in August 2026, China’s imports of unwrought aluminium alloy were highly concentrated in Russia and Southeast Asian countries. The top five sources that month—Russia, Malaysia, Thailand, Vietnam, and South Korea—totalled 55,200 tonnes, accounting for 77.2 per cent of total imports. Specifically, Russia ranked first with 18,000 tonnes (25 per cent), followed closely by Malaysia with 17,500 tonnes (24 per cent); Thailand recorded 11,500 tonnes (16 per cent), Vietnam 4,800 tonnes (7 per cent), and South Korea 3,400 tonnes (5 per cent). By export destination, Japan...
Futures: SHFE aluminium closed at RMB 24,375 per tonne in the previous trading session, edging down 0.04 per cent. The price stood above the MA10 (24,304) and MA30 (24,089.5), but slightly below the MA5 (24,258). Short-term moving averages flattened, while the medium-term bullish alignment remained intact, with the market consolidating at highs overall. On the MACD indicator, DIF=129.53 and DEA=139.74. DIF stayed above the zero axis but maintained a death cross, with the histogram at -20.43, indicating weakening bullish momentum and lingering short-term correction pressure. Trading volume rebounded slightly to 54,800 lots, with moderate market activity. The suggested core trading range for SHFE aluminium is 24,000-24,600. LME aluminium closed at USD 3,293.5 per tonne, down 0.20 per cent....
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South32 targets 50 per cent cut in its Scope 1 and 2 operational emissions by 2035, after announcing the sale of its South African thermal coal assets with mining group Seriti Resources. “We are sustainably reshaping our business for a low carbon future by increasing our exposure to base metals. We have set a new medium-term target to halve our operational emissions by 2035 and are investing in efficiency projects, applying low carbon design principles and evaluating carbon reduction technologies to achieve this goal,” said CEO Graham Kerr. South32 expects to register a loss of between $125 million and $175 million from the sale of its South African thermal coal assets. It hopes to conclude the sale its majority stake by June 1. “Demonstrating the continued strength of our operational and...
The management of the Fort William aluminium smelter in Lochaber has conveyed to the area’s chamber of commerce that the plant operations are continuing as usual amid the commencement of a Serious Fraud Office (SFO) investigation into the activities of its owners, GFG Alliance. Frazer Coupland, CEO, Lochaber Chamber of Commerce described the investigation as “unsettling” and said: “The plant and its associated hydropower station were a ‘critical part’ of the community.” While on 14th May 2021, the SFO stated that it was investigating “suspected fraud, fraudulent trading and money laundering” concerning the financing and conduct of business at GFG Alliance companies. The investigation will incorporate GFG Alliance’s multi-billion pound capitalization arrangements with collapsed lender...
Three-month LME aluminium fell 0.2% to close at US$2,496 per tonne on Monday. SMM expects the contract to trade between US$2,450-2,550 per tonne today. As of Monday, May 17, LME aluminium cash (bid) price stands at US$ 2455 per tonne, LME official settlement price stands at US$ 2455 per tonne; 3-months bid price stands at US$ 2479 per tonne, 3-months offer price is US$ 2479 per tonne; Dec 22 bid price stands at US$ 2464.50 per tonne, and Dec 22 offer price stands at US$ 2464.50 per tonne. The LME aluminium opening stock stood at 1768375 tonnes. Live Warrants totalled 1226275 tonnes, and Cancelled Warrants were542100tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2476.65 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to stand at...
India’s largest producer of aluminium and value-added aluminium products, Vedanta Aluminium on 15 th May 2021, observing the occasion of International Day of Families 2021, declared the COVID Kavach (Shield) Term Insurance Policy for employees of business partners across its plants in Jharsuguda and Lanjigarh in Odisha, and BALCO in Korba, Chhattisgarh. Ajay Kapur, CEO – Aluminium & Power and MD – Commercial, Vedanta Ltd., took the call, to announce this to all staff on the occasion of International Day of Families through a video message. Last year, the company had enhanced its term life insurance for all employees, which also covers any unfortunate circumstance due to COVID. Rahul Sharma, Dy. CEO, Vedanta, Aluminium Business, said: “The health and wellbeing of our people is our foremost...
According to the National Bureau of Statistics, China’s primary aluminium production stood at 3.35 million tonnes in April. The output was a record monthly high as the relaxation in production cuts in Inner Mongolia improved supply. Primary aluminium output stood higher by 2.3 percent from 3.276 million tonnes in March and 12.4 percent from April 2020’s production. In January-April, China produced 13.02 million tonnes of primary aluminium, an increase of 9.6 percent year-on-year, the data showed. The daily output came in at 111,667 tonnes in April, from 105,700 daily tonnes in March, which has one more day. "Record high daily and monthly production are mainly due to high prices and ramp-ups of new capacity in China," said Wan Ling, aluminium analyst at CRU research. The output of 10...
SMM aluminium ingot price registers a hike after declining for the two days in a row. The price stands at RMB 19700 per tonne on Monday, 17 May 2021, indicating a growth of RMB 40 per tonne from Friday’s price of RMB 19660 per tonne. The price is expected to move within a range of RMB 19680-19720 per tonne. In Foshan, the price has increased by RMB 20 per tonne to stand at RMB 19760 per tonne on Monday, 17 May 2021. In Wuxi and Hangzhou, the price has inched up by RMB 55 per tonne and RMB 30 per tonne to stand at RMB 19715 per tonne and RMB 19725 per tonne. Aluminium ingot prices in Chongqing, Shenyang, Linyi and Gongyi have increased to stand at RMB 19700 per tonne, RMB 19710 per tonne, RMB 19710 per tonne and RMB 19600 per tonne. The price in Tianjin remained unchanged at RMB 19700 per...
Three-month LME aluminium weakened 0.31% to end at US$2,446.5 per tonne last Friday, with open interest adding 11,000 lots to 738,000 lots. SMM expects the contract to fluctuate between US$2,450-2,500 per tonne today. As of Friday, May 14, LME aluminium cash (bid) price stands at US$ 2438 per tonne, LME official settlement price stands at US$ 2438 per tonne; 3-months bid price stands at US$ 2462.50 per tonne, 3-months offer price is US$ 2462.50 per tonne; Dec 22 bid price stands at US$ 2450 per tonne, and Dec 22 offer price stands at US$ 2450 per tonne. The LME aluminium opening stock stood at 1762525 tonnes. Live Warrants totalled 1219000 tonnes, and Cancelled Warrants were 543525 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2441.70per tonne. SHFE Aluminium...
The non-ministerial government department of the United Kingdom, Serious Fraud Office (SFO), which investigates and prosecutes serious or complex fraud and corruption in England, Wales and Northern Ireland, stated on 14 th May 2021, that it has initiated an investigation suspected of fraudulent trading and money laundering linked to companies within the GFG Alliance, led by metal tycoon Sanjeev Gupta. The investigation mounts pressure on Sanjeev Gupta, the CEO and Chairman of GFG Alliance, who has been struggling to refinance his international business network of aluminium, steel, and energy following the collapse of lending firm Greensill Capital in March 2021. The SFO said: “The investigation covers the company's financial arrangements with Greensill Capital UK Ltd.” "The SFO is...
Vedanta has reduced its aluminium products price by INR 3,000 per tonne. With effect from Saturday, 15 May 2021, the prices of some aluminium ingots have declined by more than 1% to stand at INR 206,500-219,500 per tonne from INR 209,500-222,500 per tonne on May 13. The company’s billets price stands at INR 214,500 per tonne on Saturday, 15 May 2021, a decrease of INR 3,000 per tonne or 1.38% from INR 217,500 per tonne on May 13. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price on stood at US$ 2,438 per tonne on Friday, May 14, an increase from US$ 2,422.5 per tonne on May 13. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta...
SMM aluminium ingot price started the week with an increase of RMB 340 per tonne on Monday, 10 May 2021 to RMB 20030 per tonne. The price on Wednesday increased to stand at RMB 19980 per tonne from Tuesday’s price of RMB 19820 per tonne. The aluminium price closed the week lower at RMB 19660 per tonne on Friday, 14 May 2021, down RMB 160 per tonne. It is likely to trade between RMB 19640- 19680 per tonne. As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, reduced by 54,000 tonnes from the week before to 1.06 million tonnes as of Thursday, 13 May 2021. The alumina price in China performed higher this week. The average spot alumina price stood at RMB 2376 per tonne and RMB 2388 per tonne on May 10...
On 14 th May 2021, the Indian State-owned integrated mining and metal company, Nalco stated that it is expanding its support towards the 70-bed Covid centre at Saheed Laxman Naik Medical College at Koraput, Odisha to make the facility fully functional. Equally, Nalco has also extended its support for a 66-bed COVID healthcare facility at ESI Hospital in Angul, Odisha by shouldering the cost of the total operation and maintenance of the facility, as said the organisation. The company is extremely concerned about the rise in the number of COVID-19 cases and the sufferings of people. "Moved by the second wave of the COVID pandemic, National Aluminium Company Ltd (Nalco) is leaving no stone unturned to stand in solidarity with the people of Odisha, in the fight against COVID-19," it said. The...
Three-month LME aluminium fell 0.1 per cent to close at US$ 2,529.5 per tonne on Monday, May 10. However, on Tuesday, it rose 0.14 per cent to close at US$ 2,533 per tonne. On Wednesday, May 12, again fell by 1.46 per cent to US$ 2,496 per tonne and further by 1.68 per cent to close at US$ 2,554 per tonne on Thursday, May 13. LME aluminium cash (bid) price and LME official settlement price opened the week on Monday, May 10, with a hike of US$ 46.50 per tonne to stand at US$ 2,565 per tonne. But Tuesday onwards, the prices started showing downtrend to US$ 2,549.50 per tonne. On Wednesday, May 12, both LME aluminium cash (bid) price and LME official settlement price declined further by US$ 75.50 per tonne to stand at US$ 2,474 per tonne. On Thursday, May 13, the prices came in at US$...
Hindalco Industries Limited has extended its aluminium ingot and aluminium product price cut for the second day in a row, with effect from Thursday, May 12. Aluminium ingot price has witnessed a reduction of INR 6,250 per tonne to INR 209,250 per tonne. On the previous day, May 12, the company’s aluminium ingot price stood at INR 215,500 per tonne, inching down by INR 1,500 per tonne from INR 217,000 per tonne as of May 11. Since the latest cut, Hindalco is selling its aluminium wire rod price at INR 220,350 per tonne, which is also down by INR 6,250 per tonne from INR 226,600 per tonne on May 12. Hindalco’s aluminium billets price has come in at INR 216,350 per tonne on May 13 from INR 222,600 per tonne on a day earlier. Hindalco links its aluminium products and aluminium ingot prices to...
A00 aluminium ingot price in China has decreased for the second day in a row by RMB 160 per tonne to close the week on Friday, May 14, at RMB 19,660 per tonne, according to the Shanghai Metals Market. The average prices are expected to range between RMB 19,640 per tonne and RMB 19,680 per tonne, with spot contract to be traded at a premium price of RMB 30-10 per tonne. Linyi has seen the highest decline of RMB 180 per tonne to RMB 19,670 per tonne, followed by the plunge of RMB 170 per tonne in Foshan and Chongqing to RMB 19,740 per tonne and RMB 19,640 per tonne, respectively. In Gongyi and Wuxi, A00 aluminium ingot price has decreased by RMB 160 per tonne to come in at RMB 19,570 per tonne and RMB 19,660 per tonne, while the price in Hangzhou and Shenyang has slid by RMB 145 per tonne...
Three-month LME aluminium fell 1.68 per cent to close at US$ 2,554 per tonne on Thursday. It is expected to trade between US$ 2,400-2,480 per tonne today. LME aluminium cash (bid) price and LME official settlement price continued to decline for the third day in a row by US$ 51.50 per tonne to come in at US$ 2,422.50 per tonne on Thursday, May 13. 3-months bid price and 3-months offer price slid by US$ 56.50 per tonne from US$ 2,492.50 per tonne to US$ 2,436 per tonne. Dec 22 bid price and Dec 22 offer price came in at US$ 2,430 per tonne on Thursday, reflecting a decrease of US$ 58 per tonne from US$ 2,488 per tonne. The LME aluminium opening stock declined further from 1772700 tonnes on May 12 to 1766025 on May 13. Live Warrants totalled 1219700 tonnes, while Cancelled Warrants stood at...
The United Steelworkers union at the invocation of the Association of the aluminium industry in regards to seeing employment requirements evacuated from government investments reacted by commenting: “The aluminium industry wants the butter, the butter money and the money to sell in the United States, all this, financed by our taxes and duties.” The Quebec aluminium smelter lobby is opposed and criticised by the Steelworkers. Alexandre Fréchette, the person in charge of aluminium at the union said: "It is not true that the money from our taxes will be used to finance robots that will make us lose our jobs and reduce the economic spinoffs for Quebec.” The union also stated that they are aware of the need for technologies like Elysis, which is focusing to displace carbon anodes to reduce...
Vedanta Limited announced its audited consolidated results for the fourth quarter and full year ended 31st March 2021. For Q4 FY2021, the company reported all time high EBITDA at INR 9,107 crore, up 18% quarter-on-quarter and 88% year-on-year due to “higher volumes at Zinc India, Aluminium & Iron Ore business and higher commodity & oil prices in Q4 FY2021, partially offset by higher COP at Aluminium and steel business majorly due to input commodity inflation.” For the FY2021, EBITDA stood at INR 27,341 crore, an increase of 30%. In Q4, Vedanta’s attributable Profit after Tax (PAT) before exceptional items stood at INR7,013 crore. For FY2021, Attributable Profit after Tax (PAT) before exceptional items came in at INR 12,151 crore. Vedanta reported higher ever Aluminium production of 1.969...
The Tomago Aluminium’s annual awards show that held at the Newcastle Exhibition Centre in Australia recognised the efforts of individuals and teams employed by the company to enhance the smelter’s operations. While presenting awards to individuals and teams by Stacey Sleeman, CFO of Tomago Aluminium, said: “The Company encourages its employees to continually strive for improvement and to look for new, different and better ways of doing things.” A plan designed to decrease equipment failures at Tomago Aluminium, Australia’s biggest aluminium smelter while maximising reliability and reducing routine maintenance costs by more than $485,000 annually, rewarded its innovator the top individual prize in this year’s awards while a plan to recycle used anode pins took out the team prize. Leigh...
