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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After cutting prices of aluminium ingots seven times in a row, Vedanta Ltd has raised rates of these products by nearly 3% with effect from December 4. After the increase, the price for Vedanta aluminium ingot stands at INR 157,000 (USD 2215) per tonne, up from INR 152,750 (USD 2155) per tonne on December 1. With today’s hike, rates of these products are at two-weeks high. Most aluminium producers in India have raised product prices following the rise in global aluminium price in London Metal Exchange after the G20 summit where USA signed a new trade agreement with Canada and Mexico and China and USA agreed upon a 90 days truce on trade war while further negotiations are on. Even after the price hike on December 4, rates of these products are down 5-6% for the quarter. The three-month...
Shanghai Metals Market research found purchasing enthusiasm among aluminium downstream consumers across east-China spot markets improved on Thursday, December 5, from a day earlier as aluminium prices fell. The SHFE December contract plunged on Thursday morning. In Shanghai, spot discounts were heard at RMB 30 per tonne to RMB 20 per tonne against the SHFE 1812 contract, narrower than RMB 50 per tonne to RMB 40 per tonne in the previous day. In Shanghai and Wuxi, spot transactions were mostly done at RMB 13,550 per tonne to RMB 13,570 per tonne while that in Hangzhou at RMB 13,600 per tonne to RMB 13,620 per tonne. The prices were over RMB 90 per tonne lower than the previous day. However, the losses in prices could not subdue the willingness of the sellers in eastern markets to let go...
According to a report, Rio Tinto’s Potline 4 at New Zealand Aluminium Smelter (NZAS), at Tiwai Point on the South Island, officially reopened by the country’s Prime Minister Jacinda Ardern. Rio Tinto, along with joint venture partner Sumitomo Chemical Company, invested around US$4.1 million this year to upgrade and restart the potline, adding 31,000 tonnes of production capacity. Rio owns 79.36 per cent of NZAS while Sumitomo owns the rest. Rio Tinto Aluminium chief operating officer Pacific Operations Kellie Parker said: “We are proud the Prime Minister has joined us to mark this important milestone for the team at Tiwai Point and the country’s manufacturing sector.” Per the company’s anticipation, the restarting of the potline will increase the smelter’s production capacity by almost 10...
Vigeo Eiris which rates global companies with the most advanced practice in sustainable development has listed UC RUSAL, one of the leading global aluminium producers, among the top 100 Best Emerging Markets performers. Vigeo Eiris is one of the largest international rating agencies that reviews organisations based on their sustainable developments. The companies are scored on the basis of the best practises in the areas of human rights, environmental protection, human capital, corporate governance, business ethics and contributions to social and economic development in the fields in which they operate. The agency analysed 855 companies from 35 industries while choosing the top 100 companies in the ranking. The top-100 companies are from 17 countries and belong to 22 different sectors. As...
As reported by Shanghai Metals Market,, 6063 aluminium billet inventories across five major consumption areas in China dipped some 3,100 tonnes over the weekend ended on Thursday, December 6, to stand at 117,900 tonnes. Deliveries from warehouses picked up after a decline, SMM learned. This came after slow downstream demand grew stocks by 3,400 tonnes on Thursday, November 29. In Foshan, Guangdong and Wuxi, Jiangsu, the inventories dropped by some 1,800 tonnes and 3,600 tonnes to stand at 67,400 tonnes and 13,900 tonnes respectively. Inventories in Huzhou, Zhejiang, on the other hand, rose by around 3,000 tonnes and stood at 6,500 tonnes. For more details, refer to the chart below: Aluminium alloys (ADC12) price remained unchanged at average RMB 15,200 per tonne. The average price is...
The US dollar index recovered to 97 on Wednesday as support from the stronger euro and yen faded. Both LME and SHFE base metals ended in mixed territory overnight. LME aluminium inched up 0.15% while SHFE aluminium fell 0.33%. LME aluminium dropped from the quick high of US$ 1985 per tonne to US$1966.50 per tonne yesterday. However, LME aluminium outperformed its SHFE counterpart overnight and traded marginally higher at US$1,973 per tonne. It is expected to trade at US$1,950-1,980 per tonne today. As on December 5, Wednesday, LME aluminium cash (bid) price stood at US$ 1966 per tonne, LME official settlement price stands at US$ 1966.50 per tonne; 3-months bid price stands at US$ 1970 per tonne, 3-months offer price is US$ 1970.50 per tonne; Dec 19 bid price stands at US$ 2025 per tonne,...
According to the latest update by Shanghai Metals Market, today, on December 5, traded prices of spot aluminium across eastern markets remained unchanged from the previous day and transactions between traders remained brisk. The SHFE 1812 contract traded rangebound in morning trades. Spot discounts in Shanghai, were heard at RMB50-40 per tonne, flat from Tuesday. In Shanghai and Wuxi, most transactions were heard at RMB 13,650 per tonne to RMB 13,660 per tonne while that in Hangzhou at RMB 13,680 per tonne to RMB 13,700 per tonne. Most transactions in Guangdong were heard at RMB13,730-13,750 per tonne , with Guangdong – Shanghai spread at RMB80 per tonne. SMM found aluminium prices across China markets would likely remain downside in the remaining days of the year as demand weakens and...
According to banking sources, Emirates Global Aluminium (EGA) is looking to potentially refinance up to US$6.7 billion of its debt. EGA, a merger entity of Dubai Aluminium (Dubal) and Abu Dhabi’s Emirates Aluminium is jointly owned by Abu Dhabi investment fund Mubadala and state company Investment Corporation of Dubai. Dubal is still an entity within EGA that can borrow money independently. According to the data from LPC, a fixed income news service that is part of Refinitiv, EGA’s debt includes a US$4.9 billion seven-year loan, which was declared underwritten and signed by seven banks in March 2016, and a $1.8 billion seven-year loan signed by Dubal in January 2015. According to a banker the refinancing deal will pay back some or the entire 2016 loan, and amend and extend some of its...
India’s and Switzerland’s second request to set up a World Trade Organisation (WTO) panel, to examine its complaint against additional duties imposed by the US on imports of certain aluminium and steel products, has been approved by the Dispute Settlement Body (DSB). “Nine dispute panels have now been established by the DSB to rule on the US tariffs,” according to a Geneva-based official. India had asked to establish panel after it failed to resolve the issue through a bilateral consultation process with the US under the dispute settlement mechanism of the WTO. India had claimed imposition of high US import duties on Indian aluminium and steel products impacted its exports. Moreover, the US move was also not in compliance with the global trade norms. The WTO's Dispute Settlement Body...
According to an update by Shanghai Metals Market, trades of spot aluminium remained brisk yesterday, December 4, across east and south China after futures aluminium prices recorded a one-day gain at the start of the week. The SHFE 1812 contract traded range-bound in the morning. In Shanghai, spot discounts were heard at RMB 50 per tonne to RMB 40 per tonne, compared to RMB 60 per tonne to RMB 50 per tonne in the previous day. In Shanghai and Wuxi, on the other hand, most transactions were heard at RMB 13,650 per tonne to RMB 13,660 per tonne while that in Hangzhou at RMB 13,680 per tonne to RMB 13,700 per tonne. Traded prices across eastern markets stood some RMB 20 per tonne lower than yesterday. Downstream consumers purchased on demand while trades between traders were active. In...
The US dollar fell broadly overnight as US Treasury yields slipped. Both LME and SHFE base metals ended in mixed territory overnight. LME aluminium lost 0.2% while SHFE aluminium edged down 0.1%. LME aluminium closed Tuesday’s trading at US$1985 per tonne and continued to trade higher at night. However, a rebound in the US dollar index forced LME aluminium to reverse its gains made in European trades, to a low of US$1,963 per tonne. LME aluminium ended at US$1,970 per tonne overnight, below the 40-day moving average. We expect it to trade at US$1,960-1,980 per tonne today. As on December 4, Tuesday, LME aluminium cash (bid) price stood at US$ 1984.50 per tonne, LME official settlement price stands at US$ 1985 per tonne; 3-months bid price stands at US$ 1979.50 per tonne, 3-months offer...
AlCircle has launched Webinar service for companies and associations from the aluminium value chain. The new offering provides a platform to present and promote their expertise and business via webinars so that they can engage your relevant audience, connect to a new network, and reach out and influence key decision makers from their business sector. Through the webinars, organizations not only can avail the benefits of AlCircle promotion, but also gain and evaluate the prospects of those who have registered for their webinar. An organization or consultant can host a webinar on any topics related to the global aluminium value chain and its allied sectors. AlCircle is excited to announce its upcoming webinar – “ Path to A Virtual Aluminium Ecosystem” . The presentation intends to put...
A Japanese aluminium buyer has agreed to pay a global producer a premium of $85 per tonne over the benchmark price for shipments in January to March, the lowest in more than two years, two sources involved in pricing talks said on Tuesday. That is down 17 percent from a premium of $103 per tonne in the current quarter and marks the second consecutive quarterly drop. It is also lower than the initial offers of $91-$93 made by producers. Japan is Asia’s biggest importer of aluminium and the premiums PREM-ALUM-JP for primary metal shipments it agrees to pay each quarter over the benchmark London Metal Exchange cash price set the benchmark for the region. The latest quarterly price negotiations began last month between Japanese buyers and global producers, including Rio Tinto, South32 Ltd and...
India’s primary aluminium exports have recorded a 21 per cent increase in H1 (April-September period) of FY 2018-19. Industry data shows that in HI of FY 2018-19, exports of aluminium ingots reached 772,000 tonnes in volumes, up from 638,000 tonnes in the corresponding period of the last financial year. Primary producers maintain that exports have been driven by a consistent increase in imports of primary and fake semis. They hold that it has not been driven by the US-China trade war. Aluminium Secondary Producers Association ASMA claimed that the tariffs benefitted Indian primary producers exporting a huge quantity of aluminium billets and ingots. But, primary producers say that after the trade conflict, the country's aluminium exports have slowed to nine per cent. "The trade war and...
Emirates Global Aluminium announced it has received recognition as a UAE Pioneer by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Abdulla Kalban, Managing Director and Chief Executive Officer of EGA, said: “It is a great honour for EGA to be recognised as a UAE Pioneer by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. I would like to thank everyone who has worked at EGA over the past four decades, helping build this company into a leader in the aluminium industry worldwide.” Source:www.ega.ae The development of EGA has taken the UAE from no aluminium production to the fifth largest aluminium producing nation in the world. EGA is the only producer of...
The US dollar fell broadly at the start of the week, as currencies battered by trade tensions between the US and China staged a comeback after leaders from the two countries declared a temporary truce on tariffs. LME base metals ended in the black across the board. Aluminium rose 1.2%. SHFE base metals, however, ended in mixed territory. After closing Monday’s trading at US$ 1982.50 per tonne, LME aluminium started strengthening further at night. Finally the contract slipped to close at US$1,974 per tonne overnight, below the 40-day moving average, after it climbed to a high of US$1,996 per tonne in European trades. We expect it to trade at US$1,950-1,980 per tonne today. As on December 3, Monday, LME aluminium cash (bid) price stood at US$ 1982 per tonne, LME official settlement price...
China's social inventories of primary aluminium across eight consumption areas including SHFE warrants amounted to 1.367 million tonnes as of Monday December 3. This is down from 1.386 million tonnes recorded on Thursday November 29, SMM data showed. Social warehouses saw fewer shipments arrive over the weekend as producers cut their production. This mainly accounted for the decline in inventories of primary aluminium. The current inventory status in the major Chinese cities is as follows: In another update from SMM, the A00 aluminium ingot price registered a drop from RMB 13680 per tonne to RMB 13660 per tonnes on Tuesday, December 4.The average prices are expected to range between RMB 13,640 per tonne to RMB 13,680 per tonne, with spot discounts to settle at RMB 80 per tonne to RMB 40...
The leaders of the world's two largest economies, President Donald Trump and Chinese President Xi Jinping, met face-to-face on December 1 Saturday in Argentina, which was expected to temporarily halt an escalating tit-for-tat trade war. They agreed to a temporary trade cease-fire to allow time for more negotiations. This indicated that U.S. tariffs on US$200 billion worth of Chinese goods will not rise to 25 per cent from current 10 per cent on Jan1. White House press secretary Sarah Huckabee Sanders said in a statement that adhering to the deal, China would buy "a very substantial amount of agricultural, energy, industrial, and other product from the United States to reduce the trade imbalance between our two countries." London and Shanghai industrial metals also jumped on Monday after...
