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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RUSAL has made public that it has inked and started the drawdown of a syndicated loan agreement for RUB 45 billion with VTB and Gazprombank. The funds raised will be used to finance capital expenditure towards the completion of the first start-up complex of the Taishet aluminium smelter (TaAZ). Following the success of the first Russian sustainability-linked syndicated pre-export finance facility for $1 billion as part of the loan agreement, VTB will provide RUB 30 billion, whilst Gazprombank will provide RUB 15 billion. The tenure of financing is up to 15 years. The funds raised will be supported to finance the completion of the start-up phase of the TaAZ smelter and partial refinancing of investments made in 2020. Oleg Mukhamedshin, RUSAL’s Director of Strategy, Business Development and...
ALRO, one of the largest vertically integrated aluminium producers in Europe by production capacity, announced its preliminary consolidated financial results for FY2020, reporting a net profit of RON 329 million compared to a net loss of 67 million in the prior year and an EBIT higher by RON 300 million to RON 399 million. However, the turnover stood down by 9 per cent year-on-year at RON 2.5 billion. The increase in net profit was primarily due to the robust performance of ALRO’s wire rod and quantitative sales of extruded products, even amidst the COVID-19 pandemic. ALRO managed to implement comprehensive and effective measures to mitigate the COVID-19 impacts, while maintaining a continued flow of operations and ensuring health and safety of the employees. “The international business...
The workers of San Ciprián Aluminium smelter has unlocked the door followed by the meeting with Alcoa authorities in a possibility that the negotiations between the American multinational and the State, through the Sociedad Estatal de Participaciones Industriales ( SEPI ), reach an agreement for the sale of San Ciprián Aluminium plant before 30 th April 2021. The works council is clear that once SEPI has the ownership of the San Ciprián smelter, it will proceed to transfer it to the GFG Alliance conglomerate. A three-way operation in which, if no other move is made, the Pittsburgh giant will retain ownership of the alumina factory, whose shareholding shares with Australia's Alumina Limited, and the British group will end up acquiring the primary aluminium plant. However, with the on-going...
Prebaked anode price in East China market has edged higher by RMB 215 per tonne after remaining flat at RMB 3687.5 per tonne since February 1. As of Monday, 01 March 2021, prebaked anode price is currently hovering at RMB 3902.5 per tonne and is expected to range to RMB 3605-4200 per tonne. The average prices of prebaked anode in Central, Southwest and Northwest China markets remain unchanged at RMB 3700 per tonne, RMB 3822.50 per tonne, and RMB 3975 per tonne respectively. SMM aluminium ingot price has dropped to RMB 17050 per tonne on Monday, 01 March 2021 from its earlier price of RMB17270 per tonne. This records a decline of RMB 220 per tonne. The price is expected to move within a range of RMB 17030-17070 per tonne. The aluminium alloy (ADC12) price is down by RMB 100 per tonne to...
Three-month LME aluminium fell 2.77 per cent to close at US$ 2157 per tonne on Friday, with open interest rising to 707,000 lots. It is expected to trade between US$ 2050-2250 per tonne today. The influence of overseas macro liquidity and guiding indicators such as US dollar index and crude oil on LME metals should continue to be monitored. LME aluminium cash (bid) price and LME official settlement price decreased by US$ 20.50 per tonne to close the week at US$ 2202.50 per tonne on Friday, February 26. 3-months bid price and 3-months offer price stood at US$ 2202.50 per tonne as well, declining US$ 24.50 per tonne from US$ 2227 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2250.50 per tonne compared with US$ 2272.50 per tonne on February 25. The LME aluminium...
The Indonesian state-owned company specialized in aluminium smelting, PT Indonesia Asahan Aluminium, colloquially known as Inalum has budgeted a capital expenditure of $ 318 million for 2021. The investment will be major to finance several downstream projects and increase aluminium production capacity. Oggy Achmad Kosasih, Managing Director, PT Inalum (Persero) accented: “The CAPEX of $ 318 million was used for Inalum as operating capital, not on a consolidated holding basis (MIND ID). This year's Capex is also a continuation of the CAPEX that was not absorbed last year.” "In 2020 several work contracts that have been agreed upon cannot be executed due to limitations in entry and exit between regions and between countries due to the Covid-19 pandemic. So that the realization of the CAPEX...
AlCircleBiz, the world's first global marketplace that connects millions of buyers and sellers across the entire aluminium value chain. While connecting the buyers and sellers through enquiries against listed products and business leads are the foremost features of AlCircleBiz. The online marketplace is piloted by the mission to create enterprising supply chains through increased transparency and reduced dependencies on intermediaries across the aluminium value chain. AlCircleBiz engulfs the entire Aluminium value chain which comprises technology, equipment, accessories, consumables, raw materials, end products, surplus/scrap and service providers. Whoever associated with the Aluminium industry can register with AlCircleBiz to grow their business. Why prefer AlCircleBiz? The perceived...
Vedanta Limited has raised its aluminium ingot and aluminium products prices significantly with effect from Friday, February 26, following an intervening cut on February 24. The increase in Vedanta’s aluminium prices is in line with the highest ever surge of US$ 77.50 per tonne in the LME aluminium price on Thursday, February 25. With the latest hike, Vedanta’s aluminium ingot price has come in at INR 185,250 – 198,250 per tonne as of February 26, up by INR 7,250 per tonne from INR 178,000 – 191,000 per tonne on February 24. The company’s aluminium wire rod price has also witnessed a raise of INR 7,250 per tonne from INR 185,500 – 193,000 per tonne on February 24 to INR 192,750 – 200,250 per tonne on February 26. Vedanta’s aluminium billet price is currently hovering at 193,250 per tonne...
Three-month LME aluminium gained 0.7 per cent to close at US$ 2,218.50 per tonne on Thursday, February 25, and is likely to move around US$ 2,180-2,240 per tonne on February 26. LME aluminium cash (bid) price and LME official settlement price extended its upswing trend by US$ 77.50 per tonne or 3.61 per cent on Thursday, February 25, to stand at US$ 2223 per tonne. This marks the highest jump ever by the LME aluminium price. 3-months bid price and 3-months offer price came in at US$ 2227 per tonne, soaring by US$ 69.50 per tonne from US$ 2157.50 per tonne on February 24. Dec 22 bid price and Dec 22 offer price hovered around US$ 2272.50 per tonne compared with US$ 2210.50 per tonne on February 24. The LME aluminium opening stock further decreased from 1337700 tonnes to 1332525 tonnes on...
A00 aluminium ingot price has recorded a plunge of RMB 290 per tonne to close the week on Friday, February 26, at RMB 17,270 per tonne, following a sweeping rise of RMB 820 per tonne to RMB 17,560 per tonne on February 25, found the Shanghai Metals Market. The average prices are likely to range between RMB 17,250 per tonne and RMB 17,290 per tonne, with spot contract to be traded at a premium price of RMB 80-40 per tonne, down by RMB 10 per tonne from the previous day. Foshan has seen the highest decrease of RMB 280 per tonne to RMB 17,280 per tonne, followed by the decline of RMB 275 per tonne in Wuxi to RMB 17,250 per tonne. In Gongyi and Chongqing, A00 aluminium ingot price has shrunk by RMB 260 per tonne to come in at RMB 17,100 per tonne and RMB 17,270 per tonne, respectively, while...
The Indian public sector coal mining and refining company, Coal India projects to invest INR 1.43 lakh crore in 26 projects in new business areas. The new business areas will incorporate a Greenfield aluminium project along with brownfield aluminium projects in a joint venture with NALCO, solar wafer manufacturing, solar generation projects and thermal power plants. As per our report, the company has received approvals from NITI Aayog, DIPAM for the solar wafer manufacturing and the Greenfield aluminium projects. The company has already prepared a draft market assessment report and plans for a special purpose vehicle (SPV) and aims to float tender for the JV by Q2 of FY22. Coal India plans to subsume SPV, where it will seek private partners and bid, will be on the lines of the UMPP (Ultra...
RUSAL has announced that it will infuse RUB 4.5 billion this year towards modernizing the Sayanogorsk and Khakas Aluminium smelters. The bulk of the funds will be used to enhance the production of electrodes, installation of new equipment in the foundry division and revamp the energy efficiency of enterprises. RUSAL will pursue its large-scale modernization of anode baking furnaces at the electrode production facility, as a part of the modernization of the Sayanogorsk smelter. The new state-of-the-art equipment will reduce the smelter’s impact on the environment, increase the energy efficiency of the enterprise and improve the quality of products. However, the accomplishment of construction and installation work on this project is scheduled for the end of 2023. In the foundry, plans...
En+ Group, the world’s leading producer of low-carbon aluminium and largest private sector generator of hydropower, announced that it again indulged in a large-scale “New Energy" modernisation programme by replacing six hydraulic units at the Group’s Bratsk HPP. The replacement works, to be taken place from 2021 to 2026, would cost more than 1.5 billion roubles for this stage. The outcome of the project will see all 18 impellers replaced, of which 12 had already been replaced at the earlier stages of the modernisation programme during 2007-10 and 2014-17. Russian specialists have completed several months of testing on the new hydro turbine model, as well as tests on its operation in various load modes. Mikhail Hardikov, head of En+ Group's energy sector, said: "We are continuing our work...
Social inventories of primary aluminium in China have continued to grow this week, ending on Thursday, February 25, according to the Shanghai Metals Market. Data shows inventories have expanded across eight major Chinese consumption areas, including SHFE warrants, to come in at 1.082 million tonnes, reflecting a week-on-week hike of 181,000 tonnes from 901,000 tonnes on February 18 and an increase of 58,000 tonnes from 1.022 million tonnes on February 22. Higher arrivals of stocks to Wuxi, Nanhai, and Gongyi have primarily contributed to the further rise in China’s primary aluminium inventories. Wuxi has seen a jump of 102,000 tonnes in primary aluminium inventories week-on-week to 410,000 tonnes on February 25, followed by a surge of 42,000 tonnes in Nanhai to 248,000 tonnes. In Gongyi,...
SMM aluminium ingot price marked a big jump on Thursday, 25 February 2021. The aluminium price registered an increase of RMB 820 per tonne from Wednesday’s price of RMB 16740 per tonne. The price now stood at RMB 17560 per tonne today and is expected to move within a range of RMB 17540-17580 per tonne. In Foshan and Wuxi, the price rose by RMB 820 per tonne and RMB 810 per tonne to stand at RMB 17560 per tonne and 17525 per tonne. Their average prices are expected to range within RMB 17540-17580 per tonne and RMB 17510-17540 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 17525 per tonne and 17530 per tonne, up RMB 770 per tonne and RMB 800 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi increased to stand at RMB 17510 per tonne, RMB 17515...
Three-month LME aluminium jumped 2.27 per cent to settle at US$ 2203 per tonne on Wednesday, with open interest adding 2,677 lots to 700,000 lots. It is likely to fluctuate between US$ 2000-2200 per tonne today. LME aluminium cash (bid) price and LME official settlement price increased by US$ 9 per tonne or 0.42 per cent on Wednesday, February 24, to stand at US$ 2145.50 per tonne, following a decline from US$ 17 per tonne to US$ 2136.50 per tonne on Tuesday, February 23. 3-months bid price and 3-months offer price came in at US$ 2157.50 per tonne, also up by US$ 9 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2210.50 per tonne compared with US$ 2202.50 per tonne on February 23. The LME aluminium opening stock continued to decrease from 1343075 tonnes to 1337700...
Press Metal Aluminium Holdings Bhd announced results for the fourth quarter and full year of 2020 The Group’s revenue was RM2.12 billion in Q4 2020 as compared to RM2.20 billion in Q4 2019, a decrease of RM81.00 million or 3.7% due to the lower extrusion products sales in Q4 2020. Profit before tax (PBT) was RM208.72 million for the quarter, indicating an increase of RM28.95 million or 16.1% year-on-year on lower raw material costs and finance costs incurred in Q4 2020. On a full year basis, revenue stood at RM7.54 billion for FY2020, a decline of 14.4% compared to RM8.80 billion in FY2019 due to the softer aluminium prices in the first half of 2020 during the height of the pandemic. PBT grew by 3.0% to RM650.17 million as compared to RM631.22 million for FY2019 mainly due to cost...
In January 2021, primary aluminium production in North America stood at 340,000 tonnes, reflecting a continuous increase by 2,000 tonnes or 0.60 per cent month-on-month. In December 2020, the output registered a growth of 10,000 tonnes or 3.05 per cent to 338,000 tonnes from 328,000 tonnes in November. In the Q4 2020, North America’s aluminium production totalled 1 million tonnes, up by 1.94 per cent sequentially. On a year-on-year basis, primary aluminium production in North America edged 10,000 tonnes or 3.03 per cent higher in January 2020 from 330,000 tonnes. In the full-year of 2020, North America churned out 3.976 million tonnes, down by 4.38 per cent from 3.809 million tonnes in 2019. South America’s primary aluminium production in January 2021 increased 3,000 tonnes or 3.26 per...
