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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ISAL aluminium smelter in Iceland will expected continue operating with an improved competitive position as Rio Tinto has entered an agreement on an amended power contract. The agreement has been signed with power supplier Landsvirkjun for a more competitive power price and energy flexibility that is mutually beneficial for both ISAL and Landsvirkjun. Rio Tinto Aluminium chief executive Alf Barrios said: “We are pleased to have reached an agreement on a power price that, coupled with improved efficiencies we have delivered at the site, makes ISAL more competitive.” He also said, “This provides a stronger footing to continue operations at the smelter and gives increased security for the team at ISAL, who have been doing an outstanding job in challenging conditions. We will continue to work...
National Aluminium Company Limited (NALCO) increased its aluminium ingot and aluminium products prices for the second consecutive time last week on Saturday, February 13, albeit slower than on February 10. The company’s aluminium ingot price was raised by INR 2,200 per tonne to INR 174,450 - 177,950 per tonne, compared to the hike of INR 4,600 per tonne to INR 172,250 - 175,750 per tonne on February 10. NALCO’s aluminium wire rod price, as of February 13, came in at INR 177,950 - 182,300 per tonne, also up by INR 2,200 per tonne from INR 175,750 - 180,100 per tonne. Aluminium billets price stood at INR 177,900 - 180,550 per tonne against INR 175,700 – 178,350 per tonne on Thursday. NALCO, like any other Indian aluminium producers, links its aluminium ingot and aluminium products prices to...
Benchmark aluminium price on London Metal Exchange slightly increased to US$ 2076 per tonne on Friday, February 12, from US$ 2075.5 per tonne on Thursday. As of Friday, February 12, LME aluminium cash (bid) price stands at US$ 2076 per tonne, LME official settlement price stands at US$ 2076 per tonne; 3-months bid price stands at US$ 2081 per tonne, 3-months offer price is US$ 2081 per tonne; Dec 22 bid price stands at US$ 2141.50 per tonne, and Dec 22 offer price stands at US$ 2141.50 per tonne. The LME aluminium opening stock stood at 1379975 tonnes. Live Warrants totalled 1145200 tonnes, and Cancelled Warrants were 234775 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2078.50 per tonne. SHFE Aluminium Price Trend China market is closed for the Chinese New Year...
India’s iconic aluminium producer, Bharat Aluminium Co (BALCO) has won the prestigious ‘Golden Peacock Award 2020’. As per the press release on 14 th February 2021, BALCO’s CEO & Director, Abhijit Pati in a virtual ceremony received the Golden Peacock Awards, instituted by the Institute of Directors (IOD). Mr Abhijit Pati expressed his happiness over the win, by saying: “Vedanta’s ethos of ‘Zero Harm, Zero Waste and Zero Discharge’ continues to guide our environmental and social performance. BALCO has effectively optimized and excelled its overall performance through its focused approach to operational excellence practices, innovation, analytics, resource optimizations, waste utilization and its overall impact on local communities.” "Effective management of resources, safety and...
On 12 th February 2021, the National Aluminium Company Limited (NALCO) posted a consolidated profit of INR 239.71 crore for the third quarter (Q3FY21) ended 31 st December’20. The Navratna PSU, under Ministry of Mines, Government of India producing alumina and aluminium, had posted a consolidated loss of INR 33.90 crore in the corresponding quarter previous year. Subsequently, the alumina manufacturer has posted a profit of INR 107.27 crore. The company's consolidated revenue from operations rose 13.9% to INR 2,378.79 crore in the quarter under consideration compared to INR 2,088.35 crore in Q3FY20. However, the net sales of alumina hydrate for Q3 of FY21 was 3.44 lakh tonnes compared to 3.33 lakh tonnes achieved in the corresponding period of the previous year. Aluminium export also...
Benchmark aluminium price on the London Metal Exchange inched up by US$ 5 per tonne or 0.24 per cent on Thursday, February 11. LME aluminium cash (bid) price and LME official settlement price continued to hike for the past one week to reach at US$ 2075.50 per tonne on Thursday, February 11, from US$ 2070.50 per tonne on Wednesday, February 10. 3-months bid price and 3-months offer price came in at US$ 2080.50 per tonne, up by US$ 7.5 per tonne from the previous day. Dec 21 bid price and Dec 21 offer price hovered around US$ 2139.50 per tonne. The LME aluminium opening stock decreased from 1389975 tonnes to 1384625 tonnes on February 11. Live Warrants totalled 1167500 tonnes, while Cancelled Warrants stood at 217125 tonnes. LME aluminium 3-months Asian Reference Price rose to US$ 2072 per...
The coalition of American Metal Manufacturers and Users asked President Joe Biden to end tariffs on aluminium and steel imports and setting the platform for a debate on protective trade measures. A few days earlier the US President said he would keep tariffs on aluminium imports from the United Arab Emirates, a major supplier, reversing a last-minute directive by Ex-President Donald Trump. But the Group said: “The tariffs hurt family-owned businesses and fractured relationships with trading partners.” A letter from the group stated that Biden to end former President Donald Trump’s tariffs and to ask countries to address the issue of excess aluminium and steel capacity in China. Paul Nathanson, the Executive Director of the group, said in the letter dated 10 th February 2021: “By taking...
According to the Shanghai Metals Market, primary aluminium ingot inventories in China have continued to build-up this week, on Wednesday, February 10. Data shows the stocks have significantly gained 61,000 tonnes across eight major consumption areas in China, including SHFE warrants, to come in at 775,000 tonnes. Last week, on February 4, primary aluminium inventories stood at 714,000 tonnes, increasing by 32,000 tonnes from the previous week. The chart below indicates the current status of primary aluminium inventories across China in more details: Primary aluminium inventories in Gongyi have expanded the highest by 19,000 tonnes to stand at 106,000 tonnes, followed by the surge of 15,000 tonnes in Wuxi to 266,000 tonnes. In Hangzhou and Nanhai, inventories have increased by 13,000...
Aluminium Bahrain (Alba) reported a Profit of BD32 million (US$85.1 million) in Q4 2020, up by 132% Year-over-Year (YoY). The Total Comprehensive Income came in at BD32.9 million (US$87.7 million), a jump of 138% YoY. Gross Profit increased to stand at BD60.1 million (US$159.9 million). Revenue from Contracts with Customers stood at BD278.8 million (US$741.5 million), down by 5% YoY in Q4. In 2020, Profit was BD9.7 million (US$25.9 million), up by 81% YoY. The company’s total Comprehensive Income was BD1.4 million (US$3.9 million), down by 73% YoY. Gross Profit rose 56% YoY to BD141 million (US$375 million). Revenue from Contracts with Customers was BD1,061.4 million (US$2,822.9 million), up by 3% YoY. “Alba’s top-line was driven in 2020 by higher metal Sales’ volume (14% YoY) and...
National Aluminium Company Limited (NALCO) has raised its aluminium ingot and aluminium products prices significantly with effect from Thursday, February 11, after reducing them last week. NALCO’s data shows its aluminium ingot price has soared by INR 4,600 per tonne to come in at INR 172,250 - 175,750 per tonne as of February 11. Last week, on February 5, NALCO’s aluminium ingot price was at INR 167,650-171,150 per tonne, down by INR 1,600 per tonne from the earlier week. NALCO’s wire rod price has also been raised by the same amount of INR 4,600 per tonne from INR 171,150-175,500 per tonne to INR 175,750 - 180,100 per tonne. Aluminium billets price is standing at INR 175,700 – 178,350 per tonne, also up by INR 4,600 per tonne from 171,100 – 173,750 per tonne on February 5. NALCO, like...
Rusal recently announced its fourth-quarter and full-year operating results of 2020, revealing that its aluminium production in Q4 stood at 950,000 tonnes, bringing the total full-year output to 3.755 million tonnes. The production in Q4 saw an increase of 1.2 per cent from 939,000 tonnes in Q3, while the output in the whole year stood flat compared to 3.757 million tonnes in 2019. Rusal’s Siberian smelters represented 93 per cent of total output in Q4 2020. In Q4, aluminium sales amounted to 1.028 million tonnes, with sales of value-added products (VAP) at 483,000 tonnes, reflecting recovery of VAP share in total sales mix to 47 per cent in Q4 from 37 per cent in Q2 2020. Aluminium sales in Q4 stood 2 per cent higher over the quarter from 1.008 million tonnes. In the whole year,...
Vedanta has hiked its aluminium products price for the fourth time in a row. With effect from Wednesday, 10 February 2021, the prices of some aluminium ingots are in the range of INR 172,250-185,250 per tonne. This marks a growth of INR 1,750 per tonne from INR 170,500-183,500 per tonne on February 09. The company’s billet price now stands at INR 180,250 per tonne on Wednesday, 10 February 2021, an increase of 0.98 per cent from INR 178,500 per tonne on February 09. 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 LME has been increasing since October. The price has climbed nearly 14% in the October-December. Vedanta’s aluminium business typically accounts for one-third of the...
In China, primary aluminium production stood at 3.32 million tonnes in January, registering an increase of 1.22 per cent month-on-month from 3.28 million tonnes in December and 8.14 per cent year-on-year, showed Shanghai Metals Market. China’s daily average primary aluminium output rose 1,400 tonnes from 105,800 tonnes in December to 107,200 tonnes in January, as Yunnan Shenhuo and Inner Mongolia Chuangyuan continued to release output. The proportion of aluminium water came in at 63.3%, down 3.3 percentage points month-on-month. As of early February, there were 39.55 million tonnes of capacity in operation among 43.20 million tonnes per annum of total existing capacity, while operating rates across smelters stood at 91.6 per cent. As new aluminium projects in Yunnan will continue to...
Benchmark aluminium price on London Metal Exchange rose 1.22 per cent to US$ 2070.5 per tonne on Wednesday, February 10, from US$ 2045.5 per tonne on Tuesday. As of Wednesday, February 10, LME aluminium cash (bid) price stands at US$ 2070.50per tonne, LME official settlement price stands at US$ 2070.50per tonne; 3-months bid price stands at US$ 2073 per tonne, 3-months offer price is US$ 2073 per tonne; Dec 21 bid price stands at US$ 2128 per tonne, and Dec 21 offer price stands at US$ 2128 per tonne. The LME aluminium opening stock stood at 1389975 tonnes. Live Warrants totalled 1170100tonnes, and Cancelled Warrants were 219875 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2070.83 per tonne. SHFE Aluminium Price Trend China market is closed for the Chinese New...
SMM aluminium ingot price has registered a hike for the five days in a row. As of Wednesday, 10 February 2021, the price now stands at RMB 15770 per tonne, marking a growth of RMB 30 per tonne. The price is expected to range at RMB 15750-15790 per tonne. In Foshan and Wuxi, the price has risen by RMB 30 per tonne and RMB 15 per tonne to stand at RMB 15770 per tonne and RMB 15775 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 15800 per tonne and RMB 15760 per tonne, up RMB 15 per tonne and RMB 50 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi and Gongyi stand at RMB 15780 per tonne, RMB 15670 per tonne, RMB 15720 per tonne and RMB 15600 per tonne as of Wednesday, 10 February 2021, an increase of RMB 50 per tonne, RMB 20 per tonne, RMB 45 per tonne and RMB...
Three-month LME aluminium advanced 1.7% to close at US$2,061.5 per tonne on Tuesday, with open interest adding 4,006 lots to 725,000 lots. As of Tuesday, February 9, LME aluminium cash (bid) price stands at US$ 2045.50 per tonne, LME official settlement price stands at US$ 2045.50 per tonne; 3-months bid price stands at US$ 2052 per tonne, 3-months offer price is US$ 2052 per tonne; Dec 21 bid price stands at US$ 2115 per tonne, and Dec 21 offer price stands at US$ 2115 per tonne. The LME aluminium opening stock stood at 1395275 tonnes. Live Warrants totalled 1170850 tonnes, and Cancelled Warrants were 224425 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2040.68 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to stand at US$...
On 9 th February 2021, Century Aluminium, the global primary aluminium producer with operations in the USA and Iceland, declared that it has named Gunnar Gudlaugsson as Executive Vice President, Global Operations. Mr Gudlaugsson has served in a variety of operational roles of increasing responsibility since he joined in 2018, which included most recently as Vice President, European Operations and Managing Director of Norðurál. A BS in Electrical Engineering, Mr Gudlaugsson also holds a PG in Master of Science - Electrical Power Engineering from the University of Aalborg in Denmark. Jesse Gary, COO, Century Aluminium, stated: "Our Board and I are thrilled to announce Gunnar's promotion to this critically important position. Since joining us in 2008, Gunnar has played a leading role in...
Vedanta Limited has increased its aluminium ingot and aluminium products prices for the third day in a row, with effect from Tuesday, February 9. Aluminium ingot price has been raised by INR 1,250 per tonne from INR 169,250-182,250 per tonne on February 6 to INR 170,500-183,500 per tonne on February 9. Vedanta is currently selling its aluminium wire rod at INR 178,000-185,500 per tonne, up by INR 1,250 per tonne from INR 176,750-184,250 per tonne last Saturday. The company’s aluminium billets price has come in at INR 178,500 per tonne compared to INR 177,250 per tonne on February 6. Vedanta Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which during February 5-8 increased incessantly to reach at US$...
