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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Rahul Sharma, President, Aluminium Association of India and Deputy CEO of Vedanta Aluminium stated that the aluminium production cost has risen to more than double amid COVID-19 pandemic, whereas, LME prices are still improving from the April-June fall of $1,500 levels, the upcoming 2021 union budget needs to support the industry to rejuvenate. Sharma was loud enough to say: “In India, we have sufficient capacity, we have invested around INR 4 lakh crore, but still imports are around INR 30,000 crore, today. As the economy moves up gradually, we expect the government to support this industry in the upcoming budget.” “The metals sector is fundamental to the revival of the Indian manufacturing ecosystem, the realization of the dream of a ‘Self-Reliant India’ and we need to position India as...
In November’20, the £94 million investment and expansion plans announced by Alvance British Aluminium’s owners GFG Alliance, at its Locabher aluminium smelter in Fort William, which is encouraging up to 70 new jobs, while 20-25 jobs already created in the first three years of its acquisition. In the first instance, it was consecrated for aluminium alloy wheel production, however, the expectation of £120 million injection with 300 jobs faded due to the plunge in demand in the automotive sector. The plans were then given a second thought to develop a plant for casting blocks of aluminium termed as billets to supply for the UK construction sector, with the prospect of a water canning facility also to come on the smelter site. Planners said: “The site proposed is similar to that of the alloy...
Vedanta Limited, one of the world’s leading diversified natural resource companies, has reported consolidated net profit of INR 3,017 crore in the third quarter of FY2020-21 ending on December 31. The profit stood up by 35 per cent from the same period last year backed on higher revenues. Net sales during the same period under review also increased 6.4 per cent year-on-year to INR 22,498 crore, buoyed by Vedanta’s robust aluminium and zinc business, higher commodity prices, rupee depreciation, and successful project delivery in the oil & gas vertical. Sunil Duggal, chief executive officer at Vedanta, said: "Our businesses stayed resilient in the quarter amidst uncertain market environment reporting the highest EBITDA in last two years. We continue to ramp up across the Zinc and Iron &...
Three-month LME aluminium rose 1.28 per cent to close at US$ 2020 per tonne on Monday, January 25. On Tuesday, January 26, it further climbed to US$ 2023 per tonne, but lost 1.75 per cent to close at US$ 1987.50 per tonne on Wednesday, January 27. On Thursday, three-month LME aluminium dipped 0.3 per cent to settle at US$1981.5 per tonne. LME aluminium cash (bid) price and LME official settlement price plunged this week during January 25-29 from US$ 2011.50 per tonne to US$ 1987 per tonne. In the two initial days, the prices surged from US$ 1975.50 per tonne to US$ 2011.50 per tonne and then to US$ 2025 per tonne, but started decreasing from Wednesday, January 27, to US$ 2003.50 per tonne. On Thursday, January 28, both LME aluminium cash (bid) price and LME official settlement price...
Vedanta Limited has reduced its aluminium ingot and aluminium products prices with effect from Friday, January 29, in line with sluggish LME aluminium benchmark price since January 27. Decreasing the aluminium ingot price by INR 2,250 per tonne, Vedanta is now selling it at INR 167,250-180,250 per tonne versus INR 169,500-182,500 per tonne on January 26. With the latest cut, Vedanta’s aluminium billets price has come in at INR 175,250 per tonne, down by INR 2,250 per tonne from INR 177,500 per tonne. Vedanta’s aluminium wire rod price is hovering around INR 174,750-182,250 per tonne, registering a fall of INR 2,250 per tonne as well from INR 177,000-184,500 per tonne on January 26. Vedanta Limited links the prices of its aluminium products and aluminium ingot to the three-month futures of...
National Aluminium Company Limited (NALCO) has raised its aluminium ingot and aluminium products prices with effect from Thursday, January 28, after two consecutive weeks of decline. With the latest hike, NALCO’s aluminium ingot price has come in at INR 169,250-172,750 per tonne versus INR 167,850-171,350 per tonne on January 21. This registers an increase of INR 1,400 per tonne over the week. NALCO’s aluminium billets price is standing at INR 172,700 – 175,350 per tonne, up by INR 1,400 per tonne from INR 173,000-175,650 per tonne in the previous week. The price of aluminium wire rod has also been raised by INR 1,400 per tonne from INR 171,350-175,700 per tonne to INR 172,750 – 177,100 per tonne. NALCO, like any other Indian aluminium producers, links its aluminium ingot and aluminium...
With advent of the New Year 2021, AlCircle has started gearing up for its second virtual event - “ AlCircle Expo 2021 ”. Thanks to our viewers kind support, enormous encouragement, and inspiring feedback that we have planned an online expo yet again. This time it’s going to be Bigger, Better, and Grander. It shall be held virtually on June 29 & 30, from 9AM to 5PM GMT. Like the former, the expo 2021 is also aimed at bringing the aluminium industry leaders and partners from the entire value chain of aluminium under one roof virtually, driven by more advanced technology to enable them to build a stronger network. As AlCircle is always committed to offer superior experience and information, this time will be no exception with more enticing digital tools besides video calls, exchange of...
Three-month LME aluminium dipped 0.3% to settle at US$1,981.5 per tonne on Thursday, 28 January 2021. SMM expects the contract to trade between US$1,980-2,000 per tonne today. As of Thursday January 28, LME aluminium cash (bid) price stands at US$ 1979 per tonne, LME official settlement price stands at US$ 1979 per tonne; 3-months bid price stands at US$ 1978.50 per tonne, 3-months offer price is US$ 1978.50 per tonne; Dec 21 bid price stands at US$ 2054.50 per tonne, and Dec 21 offer price stands at US$ 2054.50 per tonne. The LME aluminium opening stock stood at 1424175 tonnes. Live Warrants totalled 1171000 tonnes, and Cancelled Warrants were 253175 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1981.79 per tonne. SHFE Aluminium Price Trend Benchmark aluminium...
A00 aluminium ingot price has recorded a hike of RMB 100 per tonne to close the week on Friday, January 29, at RMB 14,970 per tonne, after declining in the past three days in a row from RMB 15,030 per tonne to RMB 14,870 per tonne, found Shanghai Metals Market. The average prices are expected to range between RMB 14,950 per tonne and RMB 14,990 per tonne, with spot contract to be traded at a premium price of RMB 0-40 per tonne. In Foshan, A00 aluminium ingot price has surged by RMB 140 per tonne to come in at RMB 14,950 per tonne, while in Wuxi, the price has increased by RMB 120 per tonne to stand at RMB 14,980 per tonne. In Gongyi, Chongqing, and Linyi, primary aluminium ingot price has grown by RMB 110 per tonne to peg at RMB 14,870 per tonne, RMB 14,940 per tonne, and RMB 15,040 per...
The Chamber of Minerals and Energy of Western Australia (CME) applaud Ivan Vella’s appointment as Rio Tinto’s Chief Executive Officer for aluminium business. Paul Everingham, CEO, CME said: “Mr Vella – who is the Chamber’s President – would carry a wide range of skills and experiences into his new role.” Mr Ivan Vella is currently Rio Tinto’s Interim CEO for Iron Ore. “I’ve worked closely with Ivan for several years, but particularly since he was appointed President of CME in April last year,” Mr Everingham said. “Ivan is an outstanding operator, whose intimate knowledge of the WA mining and resources sector has been invaluable to CME.” “He took over as Interim Iron Ore Chief Executive during a time of significant change for Rio Tinto and has shown a great deal of leadership in that...
According to Shanghai Metals Market, social inventories of primary aluminium have gained 13,000 tonnes week-on-week across eight major consumption areas in China, including SHFE warrants. Data shows the stocks this week, ending on Thursday, January 28, have come in at 682,000 tonnes compared to 669,000 tonnes last Thursday, January 21. The chart below indicates the current status of primary aluminium inventories across China in more details: Primary aluminium inventories have increased the highest in Hangzhou by 8,000 tonnes to 67,000 tonnes, followed by the hike of 6,000 tonnes in Nanhai to 164,000 tonnes. In Gongyi, primary aluminium inventories have climbed by 5,000 tonnes to clock at 69,000 tonnes, while in Linyi, the stocks have inched up by 1,000 tonnes to come in at 7,000 tonnes....
The board of National Aluminium Company Ltd (NALCO) has approved a buyback proposal worth INR 749.10 crore. The company plans to buy 13.02 crore shares at INR 57.50 per equity share for an aggregate not exceeding INR 749.10 crore. NALCO said in a BSE filing that ''the board of directors of the company in their meeting held on January 27, 2021, has inter-alia approved...buyback of not exceeding 13,02,79,083 (Thirteen Crore Two Lakh Seventy Nine Thousand Eighty-Three) fully paid-up equity shares..at a price of Rs 57.50 per equity share...in cash for an aggregate consideration not exceeding Rs 749,10,47,273 (Rupees Seven Hundred Forty-Nine Crore Ten Lakh Forty-Seven Thousand Two Hundred Seventy Three only.'' The company announced it will reveal further details in due course in accordance...
Pralhad Joshi, the Indian Union Minister of Coal and Mines has reassured that the proposed preparation of the Detailed Project Report (DPR) of the brownfield expansion project of Nalco’s captive power plant (CPP) and smelter at Angul in Odisha is on track. In a recent letter to Dharmendra Pradhan, Minister of Steel who was seeking NALCO capacity expansion progress, on which Joshi said: “There is no change in the brownfield plans of the company.” "I have been informed that there is no change in the proposed expansion projects of NALCO at Angul district of Odisha. These projects are very much on priority. Preparation of detailed project report is underway and the company will do due diligence on their feasibility, based on the report," Joshi said. "Ministry of Mines is taking all steps for...
SMM aluminium ingot price has registered a drop for the three days in a row. As of Thursday, 28 January 2021, the price now stands at RMB 14870 per tonne, representing a decline of RMB 40 per tonne from Wednesday’s price of 14910 per tonne. The price is expected to range at RMB 14850-14890 per tonne. In Foshan and Wuxi, the price has reduced by RMB 50 per tonne each to stand at RMB 14810 per tonne and RMB 14860 per tonne. Their average prices are expected to range within RMB 14790-14830 per tonne and RMB 14850-14870 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 14910 per tonne and RMB 14830 per tonne, down RMB 40 per tonne and RMB 30 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi and Gongyi stand at RMB 14920 per tonne, RMB 14920 per tonne, RMB 14930...
Three-month LME aluminium lost 1.75 per cent to close at US$ 1,987.50 per tonne on Wednesday, January 27, with open interest falling to 739,000 lots. It is expected to trade between US$ 1,970-2,010 per tonne today. LME aluminium cash (bid) price and LME official settlement price decreased to US$ 2003.50 per tonne on Wednesday, January 27, following a hike from US$ 2011.50 per tonne to US$ 2025 per tonne on January 26. 3-months bid price and 3-months offer price also stood at US$ 2003.50 per tonne, down by US$ 14.50 per tonne from US$ 2018 per tonne on the previous day. Dec 21 bid price and Dec 21 offer price hovered around US$ 2075 per tonne, registering a downfall of US$ 15 per tonne. The LME aluminium opening stock increased to 1428225 tonnes from 1419775 tonnes. Live Warrants totalled...
Aluminium Stewardship Initiative has welcomed Glencore as a new Production & Transformation member, bringing the total number of ASI members to 154. Glencore is world’s one of the largest global diversified natural resource companies, a major producer, and a marketer of more than 60 responsibly-sourced commodities. It processes and sells products from a wide range of third-party aluminium and alumina producers. Glencore offers its products and services to industrial customers, such as those in the automotive, steel, power generation, battery manufacturing, and oil sectors. Glencore’s services also include financing and logistics to producers and consumers of commodities. The group of companies has around 160,000 employees, including contractors. On becoming ASI’s new Production and...
The Aluminium Association of India (AAI) has asked the government to hike the basic custom duty on aluminium in the forthcoming Union Budget 2021-22. The Industry has sought support to raise imports duty on primary aluminium and scrap to 10% from current 7.5% and 2.5% respectively. AAI said, "The Indian Aluminium industry has sought immediate Government support to tide over this challenging phase by means of supportive measures in the forthcoming Union Budget 2021-22.” AAI said Union Budget recommendations are to raise “the basic custom duty on aluminium scrap at par with primary metal to proposed 10 per cent, as in line with other non-ferrous metals like copper, zinc, lead, nickel, tin etc...elimination of cess on coal (GST Compensation cess of Rs 400/MT) to support highly power...
Hindalco Industries Limited expanded its aluminium ingot and aluminium products prices for the second time in a row, with effect from Tuesday, January 26. Hindalco’s aluminium ingot price is currently standing at INR 169,750 per tonne, up by INR 2,250 per tonne from INR 167,500 per tonne on January 21. Hindalco’s aluminium wire rod price has also been raised by INR 2,250 per tonne from INR 178,600 per tonne on January 21 to INR 180,850 per tonne on January 26. The company’s aluminium billets price has come in at INR 176,850 per tonne compared with INR 174,600 per tonne about a week ago. Hindalco Industries Limited links the prices of its aluminium ingot and aluminium products to the three-month futures of aluminium on the London Metal Exchange, which after January 21 climbed to US$ 2025...
