Global primary aluminium production experienced a sequential recovery in the third quarter of 2026, supported by the gradual restoration of disrupted smelting capacity in the GCC countries, stronger operational performance in Europe and Oceania, and incremental production gains across Asia and China. But beneath this quarterly improvement lies a contrasting reality - global output remained below the corresponding levels of both 2025 and 2024. According to data from the International Aluminium Institute (IAI), global primary aluminium production reached 18.377 million tonnes in Q3 2026, an increase of 2.1 per cent from 18.003 million tonnes in the preceding quarter. However, compared with Q3 2025, when production totalled 18.683 million tonnes, output declined by 1.64 per cent. Production...
Europe's aluminium industry is facing mounting pressure from rising carbon costs, shifting trade policies and limited willingness among buyers to pay premiums for low-carbon metal. Yet, despite a series of crises since the Covid pandemic, producers remain committed to maintaining their presence in Europe and investing in decarbonisation, said Paul Voss, Director General of European Aluminium. In an exclusive interview with Fastmarkets at Aluminium Düsseldorf, Voss described the European aluminium industry's condition as bruised but resilient. He highlighted concerns over the EU Emissions Trading System (ETS), the potential inclusion of indirect (Scope 2) emissions under the Carbon Border Adjustment Mechanism (CBAM) and the treatment of aluminium scrap in carbon accounting. Reflecting on...
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According to the data released by the National Bureau of Statistics, China’s primary aluminium production in May stood at 2.98 million tonnes, which was marginally up by 0.4 per cent from 2.967 million tonnes in April and the highest since December 2019. The launch of new smelting capacity and the incentive of higher prices kept supply levels high, resulting in a boost in production. However, year-on-year, China’s aluminium output last month was down by 0.1 per cent, said the bureau. With the latest production data, China’s aluminium output in the first five months of 2020 came in at 14.81 million tonnes, up 2.1 per cent from the corresponding period last year. China’s aluminium production is still on the upswing even as analysts estimate the country to have imported the most primary...
The A00 aluminium ingot price has recorded a rise of RMB 20 per tonne to stand at RMB 13,820 per tonne on Monday, June 15, following a decline from RMB 13,860 per tonne to RMB 13,800 per tonne on June 12, found Shanghai Metals Market. The hike in A00 aluminium ingot price today could be attributed to the further plunge in primary aluminium inventories by 20,000 tonnes over the weekend ending June 15. The average prices of primary aluminium ingots are expected to range between RMB 13,800 per tonne and RMB 13,840 per tonne, with spot contract to be traded at a discount and premium price of RMB 30-10 per tonne. However, since the growth in A00 aluminium ingot price has not touched upon all the major markets in China, Tianjin and Linyi have witnessed a downfall of RMB 50 per tonne and RMB 20...
Vedanta has cut its aluminium products price after three hikes in a row. With effect from Friday, 12 June 2020, the prices of some aluminium ingots are in the range of INR 137,250-150,250 per tonne, marking a drop of INR 2000 per tonne or 1.44% from INR 139,250-152,250 per tonne on June 11. With the latest cut, Vedanta’ billet now stands at INR 145,250 per tonne, a decrease of INR 2000 per tonne or 1.36% from INR 147,250 per tonne on June 11. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The three-month futures of aluminium are down more than 10% so far in 2020 due to slower global demand following the coronavirus outbreak. Vedanta Limited cuts its aluminium Cost of Production (CoP) in the fourth...
Hindalco Industries Ltd has reduced its aluminium products price after four hikes in a row. With effect from June 12, Hindalco aluminium ingots price now stands at INR 138,750 per tonne, a drop of 1.42% or INR 2,000 per tonne from INR 140,750 per tonne on June 11. The company is now selling its wire rods and billets at INR 149,850 per tonne and INR 145,850 per tonne with effect from Friday, 12 June 2020, marking a decline of INR 2,000 per tonne each from June 11. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The three-month futures of aluminium are down more than 10% so far in 2020 due to slower global demand following the coronavirus outbreak. Aluminium prices are expected to remain under pressure...
National Aluminium Company Limited (NALCO) has increased its aluminium products price for second time in a row. With effect from Thursday, 11 June 2020, NALCO's aluminium ingots price stood at INR 141,650 – 145,150 per tonne, registering a hike of INR 4,900 or 3.58 per cent from INR 136,750-140,250 per tonne on June 6. The prices of aluminium billets rose by 3.3 per cent to INR 145,100- 147,750 per tonne on June 11, from INR 140,450-142,850 per tonne on June 6.The aluminium wire rods price came in at INR 146,150-150,500 per tonne. Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The three-month futures of aluminium are down more than 10% so far in 2020 due to slower global demand following the coronavirus...
Hindalco Industries, a subsidiary of the Aditya Birla Group, closed the financial year 2019-20 (FY20) with 31% downturn in its consolidated net profit at INR 3,767 crore as compared to INR 5,495 crore in the preceding fiscal. The consolidated revenue from operation drops by 9% to INR 1.18 lakh crore against INR 1.31 lakh crore in the financial year 2018-19. During the January-March quarter (Q4 FY20), Hindalco posted a steep decline of 43% in its consolidated net profit at INR 668 crore versus INR 1,178 crore in the same phase last year. Hindalco's consolidated revenue from operation reflected fall by 13% to INR 29,318 crore in Q4 FY20 as against INR 33,745 crore in Q4 FY19. The company's EBITDA inclined by 6% to INR 4,173 crore compared to INR 3,938 crore in the year-ago period, helped by...
Aluminium Bahrain B.S.C (Alba), the world’s largest aluminium smelter ex-China, announced that the company has been running its operations at full capacity despite COVID-19. The Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa made the announcement during the second quarterly Board of Directors’ meeting held virtually on Wednesday 10 June 2020. Shaikh Daij Bin Salman Bin Daij Al Khalifa said: “As COVID-19 unfolds, we had to adapt quickly -- finding our balance in the new normal. Our production facilities continue at full run rate while new Safety measures were adapted across the plant to ensure that our workforce is safe at all times. I also congratulate everyone, employees and contractors, on topping more than 22 million working-hours without Lost Time...
The British metal baron Sanjeev Gupta’s GFC Alliance made public on 11 th June’20 that it will slash costs and reduce human resources owing to a steep slide in demand that might stretch to 18-20 months. The GFG Alliance, a conglomerate with wide-ranging operations including aluminium , infrastructure and steel, stated its business had been strike hard by the COVID-19 epidemic. GFG said: “With 35,000 workers, needed to adjust to the new market environment so it would aim to cut costs by 30%, including an unspecified number of job cuts.” The demand from aluminium and other metal consuming sectors in précised region has dipped heavily. The impact is likely to hold on for month after month, resulting in an aforesaid difficult market. GFG said it's aluminium and steel businesses were sticking...
Hindalco Industries Ltd’s aluminium products price continued to trend higher. This marked the fourth consecutive hike in the price of the same products. With effect from June 11, Hindalco aluminium ingots price now stands at INR 140,750 per tonne, marking an increase of 2.55% or INR 3,500 per tonne from INR 137,250 per tonne on June 9. The company is now selling its wire rods and billets at INR 151,850 per tonne and INR 147,850 per tonne with effect from Thursday, 11 June 2020. The prices of the products are up by 2.36% or INR 3,500 per tonne and 2.42% or INR 3,500 per tonne from June 9. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The three-month futures of aluminium are down more than 10% so far in...
Prebaked anode price in Southwest China market has edged lower by RMB 150 per tonne. As on Friday, 12 June 2020, prebaked anode price has ranged at RMB 2750-3090 per tonne; the average price stand at RMB 2920 per tonne, after remaining flat at RMB 3070 per tonne since May 6. The prebaked anode price in Northwest China has recorded a drop of RMB 150 per tonne to RMB 3150 per tonne on June12, The price is likely to move within a range of RMB 3050- 3250 per tonne. The average prices of prebaked anode in East and Central markets remain unchanged at RMB 2670 per tonne and RMB 2730 per tonne respectively. A00 aluminium ingot price has registered a drop of RMB 60 per tonne or 0.43 per cent from Thursday’s price of RMB 13860 per tonne. The price now stand at RMB 13800 per tonne on Friday, 12 June...
The US dollar gained on Thursday, June 11 as US stocks plunged amid reduced expectations that the global economy would recover swiftly from the coronavirus pandemic, following Wednesday’s economic outlook from the Federal Reserve. The three-month LME aluminium declined, closing the day 2.03 per cent lower at US$ 1,594 per tonne. On Thursday, June 11, both LME aluminium cash (bid) price and LME official settlement price declined sharply by US$ 31.5 per tonne to stand at US$ 1582 per tonne. 3-months bid price and 3-months offer price decreased by US$ 32.5 per tonne to come in at US$ 1605.5 per tonne. Dec 21 bid price and Dec 21 offer price hovered at US$ 1705 per tonne, down by US$ 30 per tonne from US$ 1735 per tonne. The LME aluminium opening stock decreased from 1541125 tonnes on June 10...
The COVID-19 pandemic has slowed down the restart of the Bécancour Smelter. However, 90% is complete now and more than 200 people have been hired since January’20. Nicole Coutu, General Manager, who also became CEO of Alcoa Canada, admitted that the markets are very difficult. On 11 th June’20, while inaugurating the industrial incubator in Bécancour, Nicole said: "It was already difficult at the end of 2019 and the automotive, aviation and construction markets are greatly affected by the pandemic.” While the restart of the ABI must be completed by the end of the summer, Coutu confirmed that hiring summer students is no longer part of the company's plans. In regards to the management of coronavirus, all measures have been put in place and only one case has been reported at the factory so...
The primary aluminium ingot inventories in China have continued to trend down today, on June 11, found Shanghai Metals Market. The stocks across eight major consumption areas, including SHFE warrants, have decreased by 60,000 tonnes over the week to stand as low as 787,000 tonnes, following a decline of 46,000 tonnes to 847,000 tonnes last Thursday, June 4. The chart below indicates the current status of primary aluminium inventories across China in more details: The primary aluminium inventories in Wuxi have seen the highest fall today of 41,000 tonnes to 285,000 tonnes, while the stocks in Nanhai have plunged by 17,000 tonnes to stand at 161,000 tonnes. In Gongyi, the inventories have decreased by 3,000 tonnes to 42,000 tonnes and in Hangzhou by 2,000 tonnes to 104,000 tonnes. In...
According to a recent report, Vedanta has further increased its aluminium ingot and billet prices with effect from Thursday, June 11, marking the third consecutive growth. While the rate of price hike has increased from the earlier time to 2.77 per cent or INR 3,750 per tonne, the aluminium ingot price of Vedanta is now ranging between INR 139,250 per tonne and INR 152,250 per tonne, compared to INR 135,500-148,500 per tonne on June 6. In the latest hike, Vedanta’s aluminium billet price has also increased by INR 3,750 per tonne or 2.61 per cent to stand at INR 147,250 per tonne. Earlier, after the price growth on June 6, Vedanta’s aluminium billet price was standing at INR 143,500 per tonne. Vedanta’s price hike today follows its aluminium Cost of Production cut report yesterday, on June...
The US dollar extended losses on Wednesday, falling to a fresh three-month low against a basket of major currencies after the Federal Reserve made no policy changes, as expected. Three-month LME aluminium recovered its declines from March as it climbed on a softened US dollar, hitting a session high of US$ 1,640 per tonne and ending higher on the day at US$ 1,627 per tonne. It is expected to trade between US$1,600 per tonne and US$ 1,650 per tonne today. As of Wednesday, June 10, LME aluminium cash (bid) price and LME official settlement price jumped to US$ 1613.50 per tonne, an increase by US$ 48 per tonne. 3-months bid price and 3-months offer price also climbed from US$ 1592.50 per tonne to US$ 1638 per tonne. Dec 21 bid price and Dec 21 offer price came in at US$ 1735 per tonne, up by...
Press Metal Aluminium Holding Bhd’s low-cost structure, good track record under the present management, and scarcity premium for aluminium are likely to support its share price. The company’s operating cash flows also look healthy as reflected in the financial results of Q1 CY2020 March 31, said Affin Hwang Investment Bank Bhd. The group generated a positive operating CF of RM348 million in Q1 compared to RM206 million previously. Affin Hwang said in a report today, "Although the demand for its value-added products was negatively affected by the slowdown in global aluminium demand, the group managed to mitigate the impact by shifting to produce more primary ingots." The investment bank also noted that Press Metal assured of having enough operating CF to sustain its operations. Press...
BNP Paribas, Citigroup Global Markets and HSBC acted as joint global coordinators, joint book-runners and joint lead managers on the 144A/Reg S US$2.5bn triple series notes offering by PT Indonesia Asahan Aluminium, one of the largest issuances from an Indonesian corporate in recent years. The funding from the triple tranche notes, including US$1bn 4.750% due 2025, US$1bn 5.450% due 2030 and US$500m 5.800% due 2050, will support the Indonesian state-own mining holding company to refinance its older bonds and fund various infrastructure projects. The transaction was led by Linklaters’ capital markets partner Amit Singh, with support from managing associate Catherine Lee, and Widyawan & Partners’ banking partner Adrian Pranata, supported by managing associate Randy Irawan. Linklaters...
The leading global aluminium producer, Rusal has declared that it initiated testing operations for a pilot industrial electrolytic cell with inert anodes, which has an improved design and a record low carbon footprint. The new pilot model will replace the inert anode electrolytic cell already being tested by RUSAL as the next step in the development of innovative carbon-free aluminium cell technology. The new generation of inert anode electrolytic cell has several fundamentally new technical solutions that can improve the purity of aluminium produced, reduce the carbon footprint to a record low level of 2 tons of CO2 per tonne of aluminium produced and reduce operating costs during the production process. The pilot experimental pot cell will have a capacity of approximately 1 tonne of...
