LME aluminium prices gained ground on November 4, with cash and futures contracts moving higher. The Asian Reference Price also edged up, while exchange inventories declined. Alumina Platts prices, however, moved slightly lower. The cash bid rose by USD 53.50 per tonne , or 1.74 per cent, to USD 3,134.50 per tonne from USD 3,081 per tonne. The cash offer increased 1.72 per cent to USD 3,135 per tonne from USD 3,082 per tonne. Three-month aluminium prices also advanced. The bid climbed 1.08 per cent to USD 3,073 per tonne on November 4 from USD 3,040 per tonne, while the offer gained 1.05 per cent to USD 3,074 per tonne. It was previously at USD 3,042 per tonne . Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market...
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...
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The US dollar fell to a week-low on Tuesday as investors unwound long bets on the currency, anticipating that the Federal Reserve could slow the pace of US interest rate hikes after this week's policymaking meeting. LME base metals traded lower on Tuesday and aluminium lost 0.5%. SHFE base metals performed similarly overnight. Aluminium edged down 0.2%. LME aluminium rebounded from US$ US$1,936 per tonne and closed at US$ 1940 per tonne on Tuesday. We see limited upside room for LME aluminium which is likely to trade at US$1,930-1,950 per tonne today. As on December 18, Tuesday, LME aluminium cash (bid) price stood at US$ 1939per tonne, LME official settlement price stands at US$ 1940 per tonne; 3-months bid price stands at US$ 1941 per tonne, 3-months offer price is US$ 1942 per tonne;...
After a rise by RMB 100 per tonne from RMB 13,540 per tonne to RMB 13,640 per tonne, the A00 aluminium ingot price recorded a plunge today, on December 19, by RMB 50 to stand at RMB 13,590 per tonne, Shanghai Metals Market found. The average prices are expected to range between RMB 13,570 per tonne and RMB 13,610 per tonne, with spot discounts to settle at RMB 80 per tonne to RMB 40 per tonne. In the east Wuxi, the ingot price dropped by RMB 60 per tonne to RMB 13,570 per tonne while in Hangzhou, the price declined by RMB 60 per tonne to RMB 13, 600 per tonne. At both the south and north markets, the ingot price plunged by RMB 40 per tonne to hover at RMB 13,760 per tonne and RMB 13,560 per tonne, respectively. As far as the input costs are concerned, the alumina spot price showed no...
Alro Slatina, Russian investors-controlled aluminium and aluminium alloy producer in south-eastern Europe, approved a US$70 million supplement to a credit facility contracted in 2015 through a US$ 167 million syndicated loan. Separately, Vimetco hired Swiss Capital for selling part of its 84 per cent stake in Alro, according to unofficial sources. The bank syndicate that finances Alro includes Raiffeisen Bank International, OTP Bank Romania, Banca Transilvania, Unicredit Bank, Garanti Bank, Intesa Sanpaolo Bank Romania, and Eximbank. Out of the total US$70 million, US$20 million would cover the company’s general and working capital needs and the rest US$50 million would finance programme-related investment expenditure for years 2018-19, as per the plan. In the first nine months of the...
Hindalco Industries Ltd has increased prices of its primary aluminium ingots today after it cut the prices of its primary aluminium ingot by more than 1% effective from Saturday, December 15. This price cut on Saturday came after the company had raised rates of its products by 2% earlier in the month. After the price cut on Saturday, December 15, the price for Vedanta aluminium ingot stood at INR 153,650 (USD 2215) per tonne. Today, Hindalco increased the price of primary ingots to INR 155,750 per tonne, registering an increase of 1.3 %. LME cash and three months prices have registered an increase today after the dollars plunged from an 18-month high, ahead of the Federal Reserve's policy meeting this week. LME aluminium three-months offer price stands at US$ 1925 per tonne today and...
Shares of Qatar Aluminium opened at 18.00 riyals on Sunday at Qatar Stock Exchange (QSE), 78 per cent above their initial public offer price of 10.10 riyals, capping a successful run for Qatar's biggest equity listing this year. Shares of Qatar Aluminium under the company name Qatar Aluminium Manufacturing Company or Qamco began trading on the Qatar Stock Exchange (QSE) from December 10, 2018. State-owned Qatar Petroleum sold 49 per cent of its shares in its subsidiary Qatar Aluminium Manufacturing Co (Qatalum) in late October in a in a public offering that raised roughly US$758 million. The IPO price included the offering and listing costs of 0.1 riyal per share. Qamco was formed by Qatar Petroleum with the aim of offering investors the opportunity to invest in Qatar’s aluminium sector....
Mubadala and Dubal Holding have signed an agreement with EGA to develop a state-of-the-art power block and a water desalination plant at EGA’s smelter at Jebel Ali in Dubai. The new facilities will improve power efficiency in aluminium smelting; reduce environmental emissions and natural gas consumption. EGA is jointly owned by Mubadala and Dubal Holding. Mubadala and Dubal Holding would establish a joint venture to develop the new facilities and EGA agreed upon buying the facility’s output for 25 years after commissioning.The JV will install a combined cycle power facility at EGA’s Jebel Ali site capable of generating over 600 megawatts of electricity. Siemens would install the UAE’s first combined cycle H-class gas turbine in this JV project. Eng. Suhail Mohamed Faraj Al Mazrouei, UAE...
The US dollar on Monday fell from an 18-month high, ahead of the Federal Reserve's policy meeting this week. LME base metals traded mixed on Monday and aluminium advanced close to 0.6%. SHFE base metals gained overnight with aluminium inching up some 0.1%. LME aluminium rebounded from a low of US$1,920 per tonne and closed at US$1,936 per tonne on Monday night. We see limited upside room for LME aluminium which is likely to trade at US$1,925-1,945 per tonne today. As on December 17, Monday, LME aluminium cash (bid) price stood at US$ 1937per tonne, LME official settlement price stands at US$ 1937.50 per tonne; 3-months bid price stands at US$ 1924 per tonne, 3-months offer price is US$ 1925 per tonne; Dec 19 bid price stands at US$ 1980 per tonne, and Dec 19 offer price stands at US$ 1985...
National Aluminium Company Ltd. (Nalco) has planned to invest INR 45,000 crore in brownfield and greenfield project expansion in the next few years, its Chairman and Managing Director Dr. Tapan Kumar Chand said. Nalco will invest around INR25,000 crore in brownfield expansions, which include additional one million tonne alumina refinery capacity, increasing of the smelter’s capacity by five lakh tonnes at Angul and boosting of captive power plants by addition of two units of 660 MW each. The second phase of greenfield expansions will take up INR 20,000 crore in another smelter and captive power plants. The projects are likely to be completed between 2019 and 2021. These expansions are expected to take its aluminium production from existing 4.4 lakh tonnes to one million tonnes and also...
A00 aluminium ingot prices registered a jump today, December 18, 2018. Aluminium ingot price increased RMB 100 per tonne to stand at RMB 13,640 per tonne, Shanghai Metal Market found.The average prices today are expected to range between RMB 13,620 per tonne and RMB 13,660 per tonne, with spot discounts to settle at RMB 80 per tonne to RMB 40 per tonne. A00 aluminium ingot prices also climbed up across China major markets. As on Tuesday, December 18, the average price of A00 aluminium ingot (South China) stood at RMB 13,800 per tonne, the highest among the six market prices. The price in East China market - (Wu Xi) rose to RMB13630 per tonne and for (Hang Zhou) it increased to RMB13660 per tonne. In North China, Northeast China, Southwest China markets, the average prices of A00 aluminium...
As reported by Shanghai Metals Market, China's social inventory of primary aluminium including SHFE warrants, across eight consumption areas continued its decline and stood at 1.28 million tonnes as of Monday December 17. This volume is about 18,000 tonnes less from the stock on Thursday December 13. The commissioning of new production capacity has slowed down as the prices are not gaining as expected. Last Thursday, supply cut at smelters lowered stocks by 57,000 tonnes on the week. The current inventory status in the major Chinese cities is as follows: Average A00 Aluminum Ingot price stands at RMB 13540 per tonne today, flat after a drop on last Friday. Spot Premium and Discount are ranging from RMB 10 to 30 per tonne, about RMB 10 higher than the last trading day. As for input costs...
The US dollar reached a 19-month high against a basket of currencies on Friday, as investors preferred the safety of the world's reserve currency in the wake of political and economic turmoil outside the US. Most LME base metals traded lower on Friday while SHFE base metals ticked higher across the board on Friday night. LME aluminium dropped about 0.2%.while SHFE Aluminium climbed 0.2%. LME aluminium closed Friday’s trading at US$ 1908 per tonne and gained some losses at night trading. The contract however dropped to a low of US$1,918 per tonne on Friday before it recovered some losses to end at US$1,925.5 per tonne. The stronger US dollar is expected to continue to weigh on LME aluminium, which is likely to trade at US$1,915-1,935 per tonne today. As on December 14, Friday, LME...
Sohar Aluminium (SA) recently announced the appointment of Agnello Borim as Chief Operating Officer (COO). In his new capacity, he will be leading the Reduction Operations, Services and Maintenance, Technical Department, Anode Plant, Casthouse, Port and Lab Areas. Borim will also be the custodian of the company’s Productivity Pillar, overseeing the development of the strategies and contributing in driving the overall business strategy of Sohar Aluminium. Borim has 28 years of experience working in large global companies in the metallurgical and mining sector while holding leadership positions such as Vice President and Director in complex industrial facilities that included some of the largest producers of primary Aluminium in the world. These include Alcoa, Saudi Arabian Mining Company...
The greenback recovered to 97 in the beginning of this week following its steepest weekly drop in three months last week. US President Donald Trump's upbeat comments on trade talks with China and Beijing's first major purchase of US soybeans in months have cut down on the trade war tensions. LME aluminium continued to trade weakly over the weak despite recovering some losses. The contract saw a trading range of US$ 1908- 1951 per tonne. Though the contract opened higher on Monday, it followed a steady downtrend with the strong US dollar and in absence of strong market fundamentals. LME aluminium contract failed to stand firm above the 10-day moving average with resistance at the 20-day moving average. We expect it to remain weak in the coming week with most transactions within a range of...
Rio Tinto announced it has completed the sale of its Dunkerque aluminium smelter in northern France, Europe’s biggest aluminium producer, to Liberty House for $500 million. In January, Rio Tinto had accepted a purchase offer from UK industrialist Sanjeev Gupta for its Dunkerque aluminium smelter. “Liberty House, which is part of the GFG Alliance (Gupta Family Group), has committed to continuing operations at the smelter and has announced plans for the development of additional activity around the site,” according to Rio Tinto press release. Rio Tinto said the proceeds will be returned to shareholders, with the precise timing and form to be announced with Rio Tinto’s 2018 full year results.
China produced 2.82 million tonnes of primary aluminium in November 2018, up 3.9 percent from 2.72 million tonnes in October and up 19.2 percent from November 2017, according to data published by the country’s National Bureau of Statistics (NBS). The total aluminium production in the first eleven months of 2018 stood at 31.45 million tonnes up 7.5 percent year-on-year and on course for an annual record-high, the NBS data showed. On a daily basis, the world’s top aluminium maker produced 94,000 tonnes of aluminium in November, from around 88,000 tonnes in October, according to Reuters calculations. That was the highest daily rate since July. The rise in aluminium production came despite Shanghai aluminium prices falling by 2.8 percent in November and hitting two-year lows, leaving smelters...
Vedanta Ltd raised prices of aluminium ingots by more than 1% with effect from Wednesday Dec 12, making the price of P1020 / EC High purity ingot reach INR 158,758. However, the next day, it cut prices again by almost one per cent effective from December 13. With Wednesday’s hike, rates of these products were at their highest level in nearly a month. However, after the price cut, the price for Vedanta aluminium ingot stands at INR 157,500 (USD 2215) per tonne. The price cut followed nearly 3% increases in prices of these products last week. Even after the price hike today, rates of these products are down 4-5% for the quarter. The three-month future price of aluminium on the London Metal Exchange is down more than 4% for the same period. The three-month aluminium price in London Metal...
Aluminium Bahrain B.S.C. (Alba) has officially announced the commissioning of its Potline 6 with the First Pot Energisation on Thursday December 13, 2018. This is the smelter’s first step towards becoming the world’s largest aluminium smelter. Alba made a breakthrough by bringing forwards the First Hot Metal milestone ahead of its scheduled date on January 01, 2019, making it the fastest construction in the history of aluminium industry. The commissioning ceremony, held under the patronage of Alba’s Chairman of the Board of Directors Shaikh Daij bin Salman bin Daij Al Khalifa, was attended by the Executive Vice President - Midstream Operations, EGA, Dr. Ali Al Zarouni and other key EGA officials along with Alba’s Board of Directors, CEO Tim Murray, Deputy CEO Ali Al Baqali, Alba’s...
The dollar strengthened against most major currencies on Thursday on US President Donald Trump's upbeat comments on trade talks with China and Beijing's first major purchase of US soybeans in months. Both LME and SHFE base metals closed mixed on Thursday. LME aluminium slipped 0.3% and SHFE aluminium dipped 0.04%. LME aluminium continued its downward trend and closed Thursday’s trading at US$ 1924 per tonne. Despite a higher open at night, LME aluminium reversed earlier gains and slid to close at US$1,930 per tonne on Thursday night. We expect it to remain weak today with most transactions at US$1,925-1,945 per tonne. As on December 13, Thursday, LME aluminium cash (bid) price stood at US$ 1923 per tonne, LME official settlement price stands at US$ 1924 per tonne; 3-months bid price...
