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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National Aluminium Company Limited (NALCO) has continued to increase its aluminium ingot and aluminium products prices for the third time in a row, with effect from Friday, February 19. NALCO is currently selling its aluminium ingot at INR 179,850 – 183,350 per tonne compared to INR 174,450 - 177,950 per tonne on February 13. This reflects a surge of INR 5,400 per tonne or 3.1 per cent. NALCO’s aluminium wire rod price has come in at INR 183,350 – 187,700 per tonne, also up by INR 5,400 per tonne from INR 177,950 - 182,300 per tonne a week ago. Aluminium billets price is hovering around INR 183300 – 185950 per tonne in comparison with INR 177,900 - 180,550 per tonne on February 13. NALCO, like any other Indian aluminium producers, links its aluminium ingot and aluminium products prices to...
US-based primary aluminium producer Century Aluminum Company has announced its fourth-quarter and full-year results of 2020, revealing a drop of 1 per cent in net sales in Q4 2020 to US$ 389.1 million from US$ 392.9 million in Q3 2020. That was primarily due to the decline in shipments from 203,022 tonnes in Q3 to 194,940 tonnes in Q4, however, partially offset by higher aluminium prices. Net sales in the full-year decreased US$ 231.50 million or 12.60 per cent from US$ 1,836.6 million in FY19 to US$ 1,605.1 million in FY20, despite shipments stood flat year-on-year at 811,176 tonnes compared to 811,244 tonnes. Century reported a net loss of US$ 35.5 million in Q4 2020, an improvement of US$ 22.7 million sequentially owing to higher metal prices. However, in the full-year, the company’s...
Rio Tinto has reported the full-year results of 2020, revealing a strong performance and successful response to the COVID-19 pandemic. Its net earnings grew year-on-year by 22 per cent from US$ 8,010 million to US$ 9,769 million, while its net cash generated from operating activities increased 6 per cent from US$ 14,912 million to US$ 15,875 million driven by robust operating performance. Consolidated sales revenue saw a hike of 3 per cent at the end of 2020 from US$ 43,165 million in 2019 to US$ 44,611 million. Underlying EBITDA grew 13 per cent year-on-year from US$ 21,197 million to US$ 23,902 million, attributing to the agility and resilience of the business and employees, coupled with strong commodity prices, noted Rio Tinto’s Chief Executive Jakob Stausholm. Mr Stausholm said,...
The LME complex performed similarly on Thursday, with aluminium increased 1.35 per cent. Benchmark aluminium price on the London Metal Exchange edged 2.41 per cent higher on Thursday, February 18. LME aluminium cash (bid) price and LME official settlement price continued to increase to reach at US$ 2147 per tonne on Thursday, February 18, from US$ 2096.50 per tonne on Wednesday. 3-months bid price and 3-months offer price came in at US$ 2161 per tonne, soaring by US$ 57.50 per tonne from the previous day. Dec 21 bid price and Dec 21 offer price hovered around US$ 2209.50 per tonne. The LME aluminium opening stock decreased from 1365375 tonnes to 1360850 tonnes on February 18. Live Warrants totalled 1131850 tonnes, while Cancelled Warrants stood at 229000 tonnes. LME aluminium 3-months...
On 18 th February 2021, Naveen Patnaik, the Chief Minister of India’s eastern state Odisha, stated that his state has the prospect to emerge as a global hub in aluminium and other mining industries. During the inauguration ceremony of the two iron ore mines at Guali and Jilling in Keonjhar district, Naveen Patnaik delivered his words along with Pralhad Joshi, Union Minister of Coal and Mines in virtual mode. Patnaik said: “He is hopeful that the quick operationalization of OMCs mines will meet the requirement of the metal market and bring positive changes in the supply situation.” Patnaik said: “Odisha has always taken early initiatives especially in the mining sector and supported reforms. Odisha government has rolled out helpdesk and feedback system under 5T initiative for ease of doing...
According to the Shanghai Metals Market, social inventories of primary aluminium have expanded by 126,000 tonnes during the Chinese New Year Holiday ended on February 17, 2021. SMM data shows that as of Thursday, February 18, the inventories are standing at 901,000 tonnes across the eight major Chinese consumption areas, including SHFE warrants, in comparison with 775,000 tonnes on last Wednesday, February 10. Last week, China’s primary aluminium inventories built up 61,000 tonnes week-on-week, primarily attributing to the increase of stocks in Wuxi, Hangzhou, and Gongyi. The chart below indicates the current status of primary aluminium inventories across China in more details: In Wuxi and Gongyi, primary aluminium inventories have surged by 42,000 tonnes to come in at 308,000 tonnes and...
Vedanta Limited has further increased its aluminium ingot and aluminium products prices for the fifth consecutive time, with effect from Thursday, February 18. With the latest hike, Vedanta’s aluminium ingot price has come in at INR 176,000-189,000 per tonne, up by INR 2,000 per tonne or 1.15 per cent from INR 174,000 – 187,000 per tonne a week ago. Vedanta’s aluminium wire rod price is currently hovering around INR 183,500—191,000 per tonne compared to INR 181,500-189,000 per tonne on February 11. The company's aluminium billets price has also been raised by INR 2,000 per tonne from INR 182,000 per tonne on February 11 to INR 184,000 per tonne on February 18. The Indian aluminium producers generally link aluminium ingot and aluminium products prices to the three-month futures of...
Three-month LME aluminium advanced 1.2% to settle at US$2,112.5 per tonne on Wednesday, with open interest decreasing 5,068 lots to 681,000 lots. As of Wednesday, February 17, LME aluminium cash (bid) price stands at US$ 2096.50 per tonne, LME official settlement price stands at US$ 2096.50 per tonne; 3-months bid price stands at US$ 2103.50 per tonne, 3-months offer price is US$ 2103.50 per tonne; Dec 22 bid price stands at US$ 2167.50 per tonne, and Dec 22 offer price stands at US$ 2167.50 per tonne. The LME aluminium opening stock stood at 1365375 tonnes. Live Warrants totalled 1131850 tonnes, and Cancelled Warrants were 233525 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2091.50 per tonne. SHFE Aluminium Price Trend Shanghai Futures Exchange resumed trading...
A00 aluminium ingot price has opened the market after a week-long Chinese New Year Holiday with a surge of RMB 440 per tonne to stand above RMB 16,000 per tonne, found the Shanghai Metals Market. According to the data, the price today, on February 18, has pegged at RMB 16,210 per tonne, the highest since the beginning of 202. The average prices are expected to range between RMB 16,190 per tonne and RMB 16,230 per tonne, with spot contract to be traded at a premium price of RMB 90-50 per tonne. In Wuxi and Hangzhou, A00 aluminium ingot price has grown the highest by RMB 485 per tonne to come in at RMB 16,260 per tonne and RMB 16,285 per tonne on February 18. Gongyi has seen a hike of RMB 470 per tonne to RMB 16,070 per tonne, followed by the surge of RMB 460 per tonne in Tianjin to RMB...
Aluminium ingot production in Iran rose 65 per cent to 364,783 tonnes during the first ten months of the current Iranian calendar year (March 20, 2020 – January 19, 2021) compared to the same period of the previous year. In the tenth month of the year ending on January 19, 2021, aluminium ingot output in Iran came in at 39,560 tonnes, up by 58 per cent year-on-year. By the end of the current Iranian calendar year, aluminium ingot production in Iran is estimated to record an increase of 63 per cent. Iran’s aluminium ingot production in the past Iranian calendar year ended on March 19, 2020, fell 8 per cent from the preceding year. Major aluminium producers produced 275,716 tonnes of aluminium ingots in the same year, according to the Industry, Mining and Trade Ministry data. Among the...
The National Aluminium Company Limited (NALCO), a Navratna CPSE under Ministry of Mines, Govt. of India has posted higher EBITDA in Q3FY21 driven by a strong performance by the aluminium business piloted by higher LME aluminium prices and favourable costs. Sridhar Patra, CMD, NALCO explained: “COVID-19 pandemic has impacted the production during April’20 to August’20. The plant was operating at around 65% of capacity utilisation. Despite that, we are sure that we are achieving 95% of last year production and we are quite confident of achieving the same.” However, regarding aluminium production, he said, “Last year we achieved 21.6 lakh tonne of alumina and 4.1 lakh tonne of aluminium production. We are making all the efforts to cross aluminium production of 4.1 lakh tonne in FY21.” “As...
On Wednesday, February 17, Rio Tinto has announced that it changed its estimates of Ore Reserves and Mineral Resources at Rio Tinto Aluminium (RTA) Pacific Operations’ Weipa and Gove assets. The estimate has been decreased by 305 Mt from 1,530 Mt to 1,224 Mt. The reduction in Ore Reserve estimate is associated with a routine review of price assumptions over the life of the mine. There has been no material change to the economic cut-off methodology or process. There has been no material change to the other reserve modifying factors, including: governmental, tenure, environmental, cultural heritage, social, community or operational. Rio Tinto Aluminium Pacific Operations Mineral Resources exclusive of Ore Reserves, on the other hand, has recorded a hike of 128 Mt from 1,949 Mt to 2,077 Mt....
The GCC countries have drawn all the attention of the global aluminium industry with record production of aluminium in 2020. The output surpassed the 6 million tonnes milestone for the first time ever, in a year that witnessed historic odds and challenges due to the unprecedented COVID-19 outbreak. According to the recent statistic of the Gulf Aluminium Council (GAC), five primary aluminium producers in the GCC collectively produced 6,115,408 tonnes of high-quality aluminium in 2020 for both the domestic and overseas markets, registering an increase of 353,554 tonnes or 6 per cent from 5,771,854 tonnes in 2019. Let us now look into the five producers that helped the GCC countries achieve the new milestone: Aluminium Bahrain’s Line 6 full capacity primarily drove the record production of...
Benchmark aluminium price on the London Metal Exchange edged slightly lower to US$ 2077 per tonne on Tuesday, February 16, from US$ 2079 per tonne on Monday. LME aluminium cash (bid) price and LME official settlement price slipped by US$ 2 per tonne on Tuesday, February 16, to stand at US$ 2077 per tonne. 3-months bid price and 3-months offer price, however, recorded a hike of US$ 3.5 per tonne to clock at US$ 2086 per tonne. Dec 22 bid price and Dec 22 offer price came in at US$ 2147 per tonne, up by US$ 4.5 per tonne from US$ 2142.50 per tonne. The LME aluminium opening stock decreased from 1379325 tonnes to 1372475 tonnes on February 16. Live Warrants totalled 1131850 tonnes, while Cancelled Warrants stood at 240625 tonnes. LME aluminium 3-months Asian Reference Price hovered around...
The owners of Aluchemie, Rio Tinto and Hydro’s strategic review governed that it is not feasible to make the ongoing investments required to pursue the operations of the stand-alone anode production plant in Rotterdam, Netherlands, due to its weak competitive position and challenging market conditions Consequently, anode production at Aluchemie is expected to conclude towards the end of 2021. However, a consultation process with the relevant European works councils and union representatives will now commence on the planned closure. Alf Barrios, CEO, Rio Tinto Aluminium, said: “We have carefully considered options to make Aluchemie competitive, however, the investments required to continue operations are not viable. We recognise this will impact employees and the community, and our focus...
Benchmark aluminium price on London Metal Exchange increased by 0.14 per cent to US$ 2079 per tonne on Monday, February 15, from US$ 2076 per tonne on Friday. As of Monday, February 15, LME aluminium cash (bid) price stands at US$ 2079 per tonne, LME official settlement price stands at US$ 2079 per tonne; 3-months bid price stands at US$2082.50 per tonne, 3-months offer price is US$ 2082.50 per tonne; Dec 22 bid price stands at US$ 2142.50 per tonne, and Dec 22 offer price stands at US$ 2142.50 per tonne. The LME aluminium opening stock stood at 1379325 tonnes. Live Warrants totalled 1137900 tonnes, and Cancelled Warrants were 241425 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2092 per tonne. SHFE Aluminium Price Trend China market is closed for the Chinese New...
The Norwegian Aluminium company and one of the largest in the world, Hydro has appointed Helena Nonka as Executive Vice President for Corporate Development. Nonka will report to President and CEO Hilde Merete Aasheim and will join the Corporate Management Board. She will sit on the new position from 1 st April 2021, replacing Arvid Moss, who has been acting in this newly established role since mid-2019. Helena Nonka is an experienced executive with a global career spanning more than 20 years in the natural resources industry, professional services, consulting, and academia. Helena Nonka comes from a role as the global head of new business for natural resources at Switzerland-based SGS. From 2007 to 2019, Nonka worked for Rio Tinto, where she held several senior commercial and leadership...
The Qatari Public Shareholding Company, Qatar Aluminium Manufacturing Company (Qamco) has reported a net profit of QR 95 million. The aluminium company has proposed a dividend distribution of QR195.3mn, representing a payout ratio of 206% of 2020’s net earnings, equivalent to 3.5% cash dividend or QR0.035 per share. In 2020, Qamco’s revenue amounted to QR2.2 billion. Sales volumes were marginally higher than in 2019, as its joint venture swiftly shifted the production to standard ingots (SI), as the demand for value-added products and alloys used by various industries declined during the peak of pandemic due to lockdowns and lack of industrial activity. The steering of production volumes rapidly from VAP to SI supported in securing the maximum sales volumes. However, plunge in VAP volumes...
