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 held steady against a currency basket while the pound dipped amid uncertainty over Brexit issues. LME aluminium continued to trade weakly over the weak. The contract saw a trading range of US$1,914-1,934 per tonne. The LME aluminium contract started the week at US$1,934 per tonne and continued its downward trend with the US dollar holding steady against a currency basket and in absence of strong market fundamentals. The contract tried to regain some losses but failed to break resistance at the 60-day moving average. LME aluminium wrapped up Friday’s trading at US$ 1917 per tonne. The contract is trading at a level last seen in August 2017. As on November 16, Friday, LME aluminium cash (bid) price stood at US$ 1913.50 per tonne, LME official settlement price stands at US$...
On Wednesday, November 14, the state-owned National Aluminium Company Limited (Nalco) announced share buyback offer worth INR 505 crore. “The date of opening of the buyback is Tuesday, 13 November, and the date of closing of the buyback offer is Wednesday, 28 November,” National Aluminium Company (Nalco) said in a filing to BSE. The company added about its extensive plans for brown field and green field expansion that also include the ongoing fifth stream refinery of 1 million tonne per annum capacity in its existing alumina refinery at Damanjodi, and 60,000 million tonne per annum capacity of aluminium alloy wire rod plant at existing smelter and development of Pottangi bauxite mines. Last month, the company said that its board approved a proposal to buy back shares worth INR 504.8...
Shanghai Metals Market research found brisk transactions between traders widened spot aluminium premiums in Shanghai on Friday, 16 November 2018. The SHFE 1812 contract rose in the second session of morning after trading rangebound in the first session. Spot premiums in Shanghai stood at RMB30-40 per tonne over the SHFE 1812 contract, compared to RMB20-30 per tonne in the previous day. Most transactions were done at RMB13,660-13,670 per tonne in Shanghai and Wuxi and RMB13,670-13,690 per tonne in Hangzhou. Most transactions in Guangdong were heard at RMB13,740-13,760 per tonne , with Guangdong – Shanghai spread at RMB90 per tonne. In Guangdong, billet processing fees were heard at RMB460-500 per tonne for 90mm and RMB440-480 per tonne for 110/120 mm and 150/178 mm. Trades among traders in...
Vedanta Resources Limited on Monday, November 12, announced interim results for the six months ended 30 September 2018.Vedanta reported revenue of US$7.1 billion in H1 FY2019, up 4% from US$6.8 billion in H1 FY2018. The increase in revenue was attributable to higher volumes at aluminium, acquisition of Electrosteel, and higher commodity prices, offset by lower volumes and ongoing closure of Tuticorin operations. EBITDA increased 1% year on year to US$1.71 billion in H1 FY2019, from US$1.69 billion in H1 FY2018. Adjusted EBITDA margin in the mentioned period was at 29% compared to 34% in the same period previous year. Free cash flow (FCF) post-capex of US$(174) million (H1 FY2018: US$232 million) due to higher net interest and higher capex investments into growth projects. Vedanta said its...
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, dropped by some 32,000 tonnes from Thursday November 8 to stand at 1.453 million tonnes as of Thursday November 15, Shanghai Metals Market data showed. Downstream buyers stockpiled as spot prices dipped on the week, and this accounted for decline in inventories. The week-on-week drop stood 8,000 tonnes lower from the decline last Thursday. In some of the Chinese cities like Wuxi, and Nanhai, Gongyi the inventories declined over the week. In Wuxi and Nanhai, the inventory stood at 669,000 tonnes and 209,000 tonnes. The current inventory status in the major Chinese cities is as follow: In another update from SMM, the A00 aluminium ingot price witnessed a hike today, on November 16,...
The US dollar held steady against a currency basket while the pound dipped amid uncertainty over whether Prime Minister Theresa May's draft Brexit plan will receive parliamentary approval. LME aluminium continued to trade weakly and closed Thursday’s trading at US$ 1917 per tonne. It regained some losses at night but failed to break resistance at the 60-day moving average and closed at US$1,938 per tonne. Its trading range is likely to be at a range of US$1,910-1,960 per tonne today. As on November 15, Thursday, LME aluminium cash (bid) price stood at US$ 1916 per tonne, LME official settlement price stands at US$ 1917 per tonne; 3-months bid price stands at US$ 1940 per tonne, 3-months offer price is US$ 1940.50 per tonne; Dec 19 bid price stands at US$ 2007 per tonne, and Dec 19 offer...
According to trade sources both Vedanta and Hindalco have cut prices of their products on November 14 and November 15. Vedanta Ltd has cut prices of aluminium ingots by 1% with effect from November 14. The company had cut prices by over 1% last week as well. With this price cut, prices of Vedanta’s products are at their lowest level since mid-August. Prices of ingots are now down 4% for the quarter. The three-month aluminium price in London Metal Exchange has fallen 4% since the start of the quarter and stood at US$ 1944.50 per tonne on November 15. After the cut, the price for Vedanta aluminium ingot stands at INR 1,58,250 (USD 2199) per tonne, down from INR 1,59,750 (USD 2220) per tonne on November 13. Hindalco Industries Ltd is also reported to have cut the prices of aluminium products...
Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, has been recognised by the American Society for Quality (ASQ) with an award for its commitment to innovation within the organisation. The company was presented with the ‘2018 ASQ MEA Innovation Award for the Government Sector’ during ASQ’s 4 th Regional Quality Conference, held in Dubai. ASQ noted the company leadership’s clear commitment to and strategy for innovation, its efficient implementation of a robust Innovation Management System, and the strong partnerships it has developed to help maintain this commitment. ASQ is a global community of quality professionals, with nearly 80,000 members dedicated to promoting and advancing quality tools, principles, and practices in their...
Chinalco sees the company’s future overseas, as told by Ao Hong, deputy general manager of Aluminum Corp. of China, or Chinalco in an interview. The company is looking at business opportunities overseas as the domestic market is crippled by metal aluminium oversupply and higher raw material costs. “We’re under huge pressure, so the company has to accelerate reform and cut costs internally,” Hong said. While Chinalco is still earning profit in its businesses, many smaller firms are making losses due to low aluminium and higher raw material prices. Recently, government has re-allocated the capacity of Chinalco. The company acquired Yunnan Metallurgical Group Co. to add extra capacity. Chinalco Chairman Ge Honglin had earlier told in a conference that the acquisition would expand the...
The US dollar extended its decline from 16-month highs against the euro and pound, which increased as traders monitored developments of Brexit and the Italian budget. LME aluminium closed Wednesday’s trading at US$ 1931per tonne. The contract then faced pressure as it grew to a high of US$1,948 per tonne overnight. Limited upward momentum saw it close at US$1,942 per tonne, still below the five- and 10-day moving averages. It is likely to trade at US$1,920-1,960 per tonne today. As on November 14, Wednesday, LME aluminium cash (bid) price stood at US$ 1930 per tonne, LME official settlement price stands at US$ 1931 per tonne; 3-months bid price stands at US$ 1943.50 per tonne, 3-months offer price is US$ 1944.50 per tonne; Dec 19 bid price stands at US$ 2008 per tonne, and Dec 19 offer...
Shanghai Metals Market research found brisk transactions between traders and the approaching delivery date expanded spot aluminium premiums in Shanghai on Wednesday November 14. The SHFE aluminium contract for November delivery pared earlier losses in morning trades. Premiums stood at RMB20-30 per tonne over the SHFE 1811 contract. Against the January contract, Transactions were done in discounts of RMB50-40 per tonne on Wednesday. Most transactions in Shanghai, Wuxi and Hangzhou were heard at RMB 13,730-13,750 per tonne. With ample supplies in the markets, traders were keen to make transactions while downstream consumers purchased on demand. In another update from SMM, the average price of A00 Aluminium Ingot has today dropped by RMB 70 per tonne to stand at RMB13640 per tonne, from RMB...
The US dollar index stemmed its increase on Tuesday after the euro and pound gained on hopes in discussions over the Italian budget and Brexit. LME aluminium continues trading weak and closed November 14 Tuesday’s trading at US$1925 per tonne. It followed the weak trading pattern overnight, pressured by high US dollar index. It stopped falling at US$1,928 per tonne and closed at US$1,936 per tonne. Trading range is seen at US$1,930-1,970 per tonne today. As on November 13, Tuesday, LME aluminium cash (bid) price stood at US$ 1924.50 per tonne, LME official settlement price stands at US$ 1925 per tonne; 3-months bid price stands at US$ 1937.50 per tonne, 3-months offer price is US$ 1938 per tonne; Dec 19 bid price stands at US$ 2000 per tonne, and Dec 19 offer price stands at US$ 2005 per...
Shanghai Metals Market research found most transactions of spot aluminium in Shanghai were done between discounts of RMB 10 per tonne to premiums of RMB 20 per tonne on Tuesday, November 13, relative to the SHFE 1811 contraction. The SHFE aluminium contract for November delivery traded range-bound on Tuesday morning while in Shanghai, most transactions occurred with discounts of up to RMB 10 per tonne from the previous day. Traded prices in Shanghai and Wuxi were heard at RMB 13720 per tonne to RMB 13740 per tonne and in Hangzhou at RMB 13730 per tonne to RMB 13750 per tonne. Transactions between traders remained brisk but overall trading liquidity across eastern markets improved from the previous day as sellers remained keen to offload cargoes and downstream consumers showed keenness to...
National Aluminium Company Limited (NALCO) has once again repeated its strong performance by posting a turnover of INR5952 crore in the first half of FY 2018- 19, registering a growth of 42% YoY. The company has posted net profit of INR 1197 crore during the first half of 2018-19, up 229% from INR364 crore during the first half of 2017-18. While the net profit of NALCO in the H1 of current fiscal has increased around three-fold, operating Profit of the company has increased more than four-fold, registering INR1624 crore in 2018-19 compared to INR334 crore in H1 of FY 2017-18. EBITDA margin of the company during the period has doubled from 17 % to 34%, according to NALCO press release. In the Q2 of the financial year 2018-19 , NALCO said its net profit more than doubled to INR510 crore, as...
The Arab International Aluminium Conference (ARABAL) is the premium trade event for the Middle East's aluminium industry. Kuwait Industries Co. Holding are the host of the 22nd ARABAL in its 35th year. ARABAL’s theme this year focuses on ‘The Global Challenges to the Aluminium Industry and Suitable Solutions’. ARABAL combines a strategic conference with an international exhibition. Aluminium Bahrain (Alba) is a key participant of ARABAL being held from 11 to 13 November 2018 in Kuwait. Alba’s Deputy Chief Executive Officer (DCEO) and Chief Supply Officer Ali Al Baqali was a key speaker on the ‘Industry Dynamics’ panel discussion held on Monday 12 November. Also, He is a on the ‘Investor Experience’ panel discussion to be held on Tuesday 13 November at ARABAL. Speaking at the ARABAL 2018...
As announced last week that Shandong made a seven-year plan to reorganise its aluminium sector from the ground up. Regulators anticipate that this move will yield significant benefits to the country’s processing and fabricating firms. Shandong’s provincial government officially released this plan, entitled “Implementation Plan to Accelerate High-quality Development of Seven Industries with High Energy Consumption” on November 5, as part of an official notice. The primary aim of this plan is to ramp up the operational efficiency and quality by streamlining the structure of several major industries in Shandong. The major industries include aluminium, steel, and petroleum coke production. As per the report, the provincial government also intends to reduce the electrical usage, first by...
The US dollar closed at 97.56, a 16-month high against a basket of currencies as investors built bets on an increase in interest rates next month. Brexit deal concerns and a growing rift in Europe over Italy's budget also buoyed the dollar. Amid fresh uncertainty over Brexit deal, the pound slipped under $1.29 during overnight Asian trading and extended its decline later as London opened 1% lower on the day. LME aluminium dipped to another new low as it closed Monday’s trading at US$1934 per tonne. During night trading, it dropped to a low of US$1,937 per tonne after it failed to test resistance above twice overnight. Pressured by a stronger US dollar, it is expected to trade at US$1,920-1,950 per tonne today. As on November 12, Monday, LME aluminium cash (bid) price stood at US$ 1933 per...
According to SMM the latest average price of A00 Aluminium Ingot has today dropped to stand at RMB13720 per tonne, down RMB 110 per tonne from RMB 13830 per tonne on November 12. The average price would range between RMB 13700 – 13740 per tonne. A00 aluminium ingot prices are down across all major markets. In east market, the price has decreased by RMB100 per tonne to stand at RMB 137300 per tonne. In the south and north, the prices have fallen by RMB 120 per tonne and RMB 90 per tonne to stand at RMB 13780 per tonne and RMB 13760 per tonne, respectively. The average price of Aluminium Alloys (ADC12) dropped to RMB 15350 per tonne today on November 13 from RMB 15400 per tonne yesterday and expected to move within a range of RMB 15250 – 15450 per tonne. The prices of two major aluminium...
