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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As reported by Shanghai Metals Market, A00 Aluminium Ingot prices in China have registered a decline for two days consecutively after a rise. The average price of A00 Aluminium ingot stands at RMB13990 per tonne on Wednesday, October 31, down from RMB 14030 per tonne yesterday. The average prices today are expected to range between RMB 13970 per tonne and RMB 14010 per tonne, with spot discounts to settle at RMB 70 to RMB 30 per tonne. In the east and south, the A00 aluminium ingot prices have also dropped by RMB 65 per tonne and RMB 40 per tonne to settle at RMB 13960 per tonne and RMB 14045 per tonne; while in the north, the price has slipped by RMB 50 per tonne to stand at RMB 14010 per tonne. In east market, the average prices are expected to range between RMB 13930per tonne and RMB...
The US dollar recovered but remained under 97 as concerns before the G20 meeting prompted investors to buy back the currency. At the G20 summit in Buenos Aires on Friday and Saturday, the US President Donald Trump and China President Xi Jinping are scheduled to discuss trade issues after months of tension between the world's two biggest economies. After falling to a new low, LME aluminium recovered some losses and closed Thursday’s trading at US$ 1933 per tonne. However, the contract failed to stand firm above the 10-day moving average at night with resistance at the 20-day moving average. The contract is likely to trade at US$1,920-1,940 per tonne today. As on November 29, Thursday, LME aluminium cash (bid) price stood at US$ 1931per tonne, LME official settlement price stands at US$...
The US dollar recovered but remained under 97 as concerns before the G20 meeting prompted investors to buy back the currency. At the G20 summit in Buenos Aires on Friday and Saturday, the US President Donald Trump and China President Xi Jinping are scheduled to discuss trade issues after months of tension between the world's two biggest economies. After falling to a new low, LME aluminium recovered some losses and closed Thursday’s trading at US$ 1933 per tonne. However, the contract failed to stand firm above the 10-day moving average at night with resistance at the 20-day moving average. The contract is likely to trade at US$1,920-1,940 per tonne today. As on November 29, Thursday, LME aluminium cash (bid) price stood at US$ 1931per tonne, LME official settlement price stands at US$...
Aluminium Bahrain (Alba) has secured a long-term agreement with Italian fluorochemicals producer Fluorsid S.p.A. for the supply of smelter grade Aluminium Fluoride (ALF3). Fluorsid will meet the bulk of Alba’s yearly ALF3 requirements for its annual metal production. Alba said the deal comes as part of company’s Line 6 Expansion project, the world’s largest smelter with a total production of 1.5 million metric tonnes with the ramp-up of Line 6. Alba’s Chief Executive Officer Tim Murray said: “Alba has a long-strategic partnership with Fluorsid spanning over decades. We are pleased to know that Fluorsid is establishing its regional warehouse in Bahrain and closer to Alba plant. This agreement will strengthen our collaborative relationship and enable us to continue to offer the best value...
Juan Carlos Baker, Mexico’s deputy commerce minister said that Mexico won’t sign the new North American free trade agreement (USMCA) unless the U.S. removes steel and aluminium tariffs on Mexico and Canada. Lawyers are finalizing the text of the United States-Mexico-Canada Agreement and the three countries are expected to sign the document on Nov. 29 or Nov. 30. However, Mexico insists on removing the tariffs before the signing of the agreement. Echoing what the Canadian counterpart had said, Baker said Mexico won’t agree to any quota system on imports as proposed by the U.S. He made the statements during a meeting hosted by Canada in Ottawa on reforming the World Trade Organization. The trilateral trade agreement was struck before a deadline imposed by the U.S. Congress. The Prime...
Following the request by the aluminium industry to increase import duties on both primary aluminium and aluminium scrap, the Indian government is now reportedly thinking to take it into consideration, sources said. The aluminium industry players have demanded a hike in import duties because of the incessant growth in inward shipments of primary and secondary aluminium to India, sources said further. Vedanta Group Chairman Anil Agarwal has also urged the government to increase the import duties to 10 per cent, noting that India is becoming a dumping ground amid ongoing tariff war between the United States and China. Currently, the basic customs duty on aluminium scrap and primary aluminium is 2.5 per cent and 7.5 per cent respectively. Besides, the industry has also urged the government to...
European aluminium industry was reeling under pressure when Trump decided to place strict tariffs on imported steel and aluminium in March. However, a Wall Street Journal report says, European aluminium companies have not yet felt much pain over the tariffs. Imports still account for majority of aluminium consumed in the U.S., according to the U.S. Geological Survey. Norway’s Norsk Hydro ASA, one of the world’s largest aluminium producers, with U.S. operating revenue of NOK 13.2 billion in 2017, said they could pass the tariff through to their U.S. customers. According to company spokesperson Halvor Molland the company hasn’t seen much impact from the tariff. Christian Wellner, executive board member of Germany’s GDA association of aluminium companies said German aluminium companies are...
The dollar edged higher against the euro on Monday. The dollar added to recent gains against other major currencies, supported by robust US consumer spending data on Monday. Both LME and SHFE base metals ended in negative territory across the board overnight. LME aluminium closed Monday’s trading at US$ 1980.50 per tonne, higher from Friday’s closing price of US$ 1961 per tonne. Then the contract ended near its day-lows of US$1,978 per tonne overnight. It is likely to remain weak today with a trading range of US$1,980-2,010 per tonne. As on October 29, Monday, LME aluminium cash (bid) price stood at US$ 1980 per tonne, LME official settlement price stands at US$ 1980.50 per tonne; 3-months bid price stands at US$ 2000 per tonne, 3-months offer price is US$ 2000.50 per tonne; Dec 19 bid...
After a rise over the weekend in A00 aluminium ingot price from RMB 14090 per tonne to RMB 14120 per tonne, today, on October 30, it again registered a drop by RMB 90 per tonne to stand at RMB 14030 per tonne, Shanghai Metals Market found. The average prices are expected to range between RMB 14010 per tonne and RMB 14050 per tonne, with spot discounts at RMB 70 per tonne to RMB 30 per tonne. Over the last two weeks it was found that the primary aluminium price had dropped at almost every alternate day. The maximum drop it registered towards the beginning of the month after the market opened post National Day Holiday. Between 10 th of October and 15 th of October, the aluminium price plunged straight from RMB 14480 per tonne to RMB 14100 per tonne, according to SMM. Since then, the price...
Alba announced its financial results for the third quarter and nine months of 2018. Alba said its top-line and bottom-line for Q3 and nine months of 2018 were primarily driven by higher metal sales’ volume and partially offset by higher alumina prices. For the Third quarter of 2018, Alba reported a net income of BD 14.3 million (US$ 38 million), down 44% YoY on higher alumina prices, compared to BD 25.8 million (US$ 68.5 million) in Q3 2017. Total sales/revenues decreased to BD 234.6 million (US$ 623.8 million) versus BD 235.3 million (US$ 625.8 million) in Q3 2017. For the nine months of 2018 , the company’s net income stood at BD 77.3 million (US$ 205.6 million up 12% YoY, compared to BD 69 million (US$ 183.5 million) in nine months in 2017.Total Sales/Revenues rose 16% YoY to reach BD...
The US dollar followed Wall Street lower on Friday, falling from highs earlier in the day after third-quarter GDP data performed stronger than expected. Both LME and SHFE base metals ended in mixed performance on Friday night. Aluminium rose by 0.8%. LME aluminium closed the day’s trading at US$ 1961 per tonne on Friday. It then recovered some losses overnight but potential resumption of Hydro’s alumina refinery and strengthened US dollar depressed LME aluminium to a low of US$1,975 per tonne during night trading. It then rebounded to settle at US$2,006 per tonne. The contract is likely to trade at US$1,970-2,010 per tonne today. As on October 26, Friday, LME aluminium cash (bid) price stands at US$ 1960 per tonne, LME official settlement price stands at US$ 1961 per tonne; 3-months bid...
According to the update from Commerce and Industry Minister Suresh Prabhu, India and the United States have exchanged offers for a possible trade deal to resolve issues related to bilateral commerce. “The negotiations are ongoing,” he said, while adding that the US has given an offer which in return India has given a counter-offer and the negotiation is working on it. India has deferred a notification for hiking import duties on as many as 29 US products. The country had announced to increase customs duty on 29 products, including pulses and iron and steel items, imported from the US as a retaliatory action against the tariff hike by the Trump administration. This new import duty would come into effect from November 2, 2018. The move had come in the wake of reports that US may be willing...
Social inventories of primary aluminium inventories across eight consumption areas in China, including SHFE warrants, declined by some 10,000 tonnes from Thursday October 25 to stand at 1.528 million tonnes as of Monday October 29, Shanghai Metals Market data showed. The decline in inventories of primary aluminium was slower from the drop of 27,000 tonnes during Thursday, October 18 to last Monday, as aluminium producers stepped up operation. In Wuxi and Jiangsu, the inventory declined to 663,000 tonnes today, from 669,000 tonnes on Thursday October 25; in Shanghai and Nanhai, Guangdong, the inventory came in at 347,000 tonnes and 229,000 tonnes respectively. In Gongyi, Henan, the inventory remained unchanged at 91,000 tonnes. The current inventory status in the major Chinese cities is as...
The US dollar strengthened as the euro and pound slipped on Thursday after the European Central Bank (ECB) kept interest rates unchanged in their October policy meeting. LME aluminium dropped below US$2,000 per tonne level and closed at US$ 1981 per tonne. It has closed lower for seven consecutive trading days and is likely to continue its weak performance in the short term. The contract closed near its day lows overnight and is likely to trade within a range of US$1,980-2,020 per tonne today. As on October 25, Thursday, LME aluminium cash (bid) price stands at US$ 1980 per tonne, LME official settlement price stands at US$ 1981 per tonne; 3-months bid price stands at US$ 1998 per tonne, 3-months offer price is US$ 1998.50 per tonne; Dec 19 bid price stands at US$ 2053 per tonne, and Dec...
Century Aluminum Company announced results for the third quarter of 2018. The company reported a net loss of $20.3 million for Q3 2018 in comparison to net income of $19.4 million for Q2 2018. The adjusted net income was $2.3 million for Q3 2018 compared to adjusted net income of $30.9 million for Q2 2018. Century Aluminium reported adjusted EBITDA of $28.7 million, down $25.8 million from Q2 2018. The decrease was primarily attributable to higher alumina costs, partially offset by higher LME prices and regional premiums. Michael A. Bless, President and Chief Executive Officer said: “Downstream demand continues to show strong growth and forward indicators suggest this trajectory should continue. Global primary aluminium inventories have decreased as forecasts call for a production deficit...
The A00 aluminium ingot price in China continues to witness a drop today, on October 26, 2018, even on the backdrop of shrinking social inventories of primary aluminium across eight major consumption areas, Shanghai Metals Market found. The price today has declined RMB 50 per tonne to stand at RMB 14090 per tonne. The average prices are expected to range between RMB 14070 per tonne and RMB 14110 per tonne, with spot discounts to settle at RMB 70 per tonne to RMB 30 per tonne. The decline in ingot price has also touched the major markets in China. In the east, the price has plunged RMB 65 per tonne from RMB 14135 per tonne, as on October 25, to RMB 14070 per tonne. In the south and north, the prices have plunged RMB 40 per tonne and RMB 35 per tonne respectively to stand at RMB 14170 per...
The US dollar strengthened against the euro on Wednesday after European data signalled that economic growth could be waning across the Eurozone. Both LME and SHFE base metals ended in mixed performance overnight. As the dollar strengthened, LME aluminium closed the European trading session lower at US$ 1987.50 per tonne on Wednesday. The contract continued to make losses during Asian trading sessions and tumbled to US$1,996 per tonne overnight, the lowest in close to six months. It rebounded slightly by closing time and settled at US$2,004 per tonne. It has closed lower for six consecutive trading days. The contract is likely to trade at US$1,990-2,020 per tonne today. As on October 24, Wednesday, LME aluminium cash (bid) price stands at US$ 1987 per tonne, LME official settlement price...
Social inventories of primary aluminium inventories across eight consumption areas in China, including SHFE warrants, declined by some 45,000 tonnes from Thursday October 18 to stand at 1.538 million tonnes as of Thursday October 25, Shanghai Metals Market data showed. High costs and cash flow issues drove domestic producers to cut aluminium production and this accounted for the decrease in inventories of primary aluminium. In some of the Chinese cities like Wuxi, Shanghai and Nanhai, Gongyi the inventories declined over the week. In Wuxi and Jiangsu, the inventory stood at 669,000 tonnes; in Shanghai and Nanhai, Guangdong, the inventory came in at 348,000 tonnes and 230,000 tonnes respectively. In Gongyi, Henan, the inventory declined to 91,000 tonnes. The current inventory status in the...
