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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According to the latest update by Shanghai Metals Market, primary aluminium inventories across eight consumption areas in China, including SHFE warrants, fell by some 17,000 tonnes from last Thursday September 20 to stand at 1.606 million tonnes as of Tuesday September 25.China’s aluminium inventories extended their losses as downstream buyers stockpiled and limited cargoes arrived. In Wuxi and Jiangsu, the inventory dropped from 699,000 tonnes, as of September 20, to 693,000 tonnes on September 25; in Shanghai, the inventory dropped from 371,000 tonnes, to 366,000 tonnes; in Gongyi and Henan, the inventory stood at 139,000 tonnes on September 25, from 147,000 tonnes on September 20. More details are given in the table below: The A00 aluminium ingot price decreased RMB 130 per tonne to...
The US dollar index nudged up overnight as investors searched for fresh clues before a widely expected interest rate hike by the US central bank this week. LME base metals, except for zinc, fell across the board on Monday. Benchmark aluminium price on London Metal Exchange stayed almost flat and closed at US$2035 per tonne on Monday, September 24. According to Shanghai Metals Market Forecasts, LME aluminium would trade at a range of US$2,045-2,065 per tonne today. As on September 24, LME aluminium cash (bid) price stands at US$ 2034.50 per tonne, LME official settlement price stands at US$ 2035 per tonne; 3-months bid price stands at US$ 2065 per tonne, 3-months offer price is US$ 2066 per tonne; Dec 19 bid price stands at US$ 2115 per tonne, and Dec 19 offer price stands at US$ 2120 per...
Russia estimates its losses from steel and aluminum tariffs introduced by the United Statesa at $600 million, Russian Economic Development Minister Maxim Oreshkin said in an RT interview. "We have already calculated the damage done to our economy by this decision of the United States, it stands at about $600 million. We have already compensated $100 million by the duties that have been introduced," he said. In July, Russia approached the World Trade Organization (WTO) with a request to hold consultations with the United States concerning steel and aluminum duties imposed by Washington. Russia claims the US duties of 25% and 10% on imports of steel and aluminum products respectively are inconsistent with provisions of the WTO's General Agreement on Tariffs and Trade (GATT) 1994 and the...
A planned share sale in the UAE could be the latest casualty of President Donald Trump’s trade policies. For instance, Emirates Global Aluminium, owned by Mubadala Development Company of Abu Dhabi and Investment Corporation of Dubai, has already delayed its initial public offering (IPO), as per the report from a relevant source. The company without elaborating much on the incident only confirmed the news through an e-mail, stating that the delay in releasing IPO is attributable to unfavourable market conditions, which shows no sign of improvement until later in 2019. In May, the chief executive officer of Mubadala Investment Co. Khaldoon Al Mubarak had said that EGA could go public in the second half of 2018 or early 2019. But now the delay in declaring IPO could be due to the additional...
Benchmark aluminium price on London Metal Exchange increased to close at US$2034 per tonne on Friday, September 21, up from the previous day’s close at US$ 2018.5 per tonne on Thursday September 20. As on September 21, LME aluminium cash (bid) price stands at US$ 2032 per tonne, LME official settlement price stands at US$ 2034 per tonne; 3-months bid price stands at US$ 2066 per tonne, 3-months offer price is US$ 2067 per tonne; Dec 19 bid price stands at US$ 2107 per tonne, and Dec 19 offer price stands at US$ 2112 per tonne. The LME aluminium opening stock dropped to 1022450 tonnes. Live Warrants totalled at 711125tonnes, and Cancelled Warrants were 311325 tonne. LME aluminium 3-months Asian Reference Price is hovering at US$2057.80 per tonne. SME and SHFE Aluminium Price Trend The...
Some Japanese aluminium buyers have agreed to pay a global producer a premium of $103 per tonne for shipments in the October to December quarter, reflecting lower spot premiums, two sources directly involved in pricing talks said on Wednesday. The premium is 22 percent lower than the $132 per tonne premium in the current quarter and follows three quarters of rising premiums. Japan is Asia's biggest importer of aluminium and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price set the benchmark for the region.
The US dollar weakened Thursday, partly due to a buoyant British pound that was trading higher on the back of better-than-expected economic data. The pound has risen against the US dollar to hit a two-month high at 1.3288. LME aluminium settled 1.31% higher at US$2,056.5 per tonne after rising to a high of US$2,061 per tonne as the US dollar slid. Shanghai Metals Market sees limited downward room for the aluminium price with support from high costs of raw materials and falling inventories. LME aluminium will attempt to stand firm above the 20-day moving average, and trade at US$2,050-2,065 per tonne today. As on September 20, LME aluminium cash (bid) price stands at US$ 2018 per tonne, LME official settlement price stands at US$ 2018.50 per tonne; 3-months bid price stands at US$ 2046 per...
The start of aluminium production at Russia’s Taishet aluminium smelter, a project of sanctions-hit Rusal, has been postponed until after 2020, Russia’s economy ministry said in materials prepared for a government meeting. Rusal, which was targeted by U.S. sanctions in April, previously planned to build the first line of the Siberian smelter, with an annual capacity of 430,000 tonnes, by 2020. “Construction of ... Taishet smelter continues. However, the time frame for commissioning of aluminium production capacity is postponed until after 2020,” the ministry said. Rusal, the world’s No.2 aluminium producer after China’s Hongqiao, declined comment. Russian power company Rushydro, Rusal’s potential partner in the Taishet project, did not reply to a request for comment. Rushydro said...
Canada’s Aluminum Valley or the heart of the aluminium industry lies along a 50-mile stretch of the Saguenay River in the region of Saguenay—Lac-Saint-Jean, a two-hour drive north of Quebec City. The five aluminium smelters operating in the region account for 50% of Canada’s aluminium production. The residents in this region, who have been directly or indirectly dependent upon the aluminium sector has been following the negotiations between Canada and the United States over a new North American Free Trade Agreement (NAFTA) very closely. The hope the agreement will clear the way towards lifting the US tariffs imposed upon steel and aluminium imported from Canada. Canada is the world’s third-largest producer of aluminium, mostly benefitted by the availability of hydroelectric power and...
The US dollar was steady against the euro and slipped against the risk-sensitive Aussie, as investors digested China-US tariff news. The dollar index, which measures the greenback against a basket of six other major currencies, dipped about 0.1% at 94.50.Base metals traded with pressure for the most part. LME aluminium closed the day's trading lower at US$ 1981 per tonne on Wednesday, September 19. It slid to the lowest of the week at US$2,015 per tonne during the European trading session. With support at the five-day moving average,it finally settled at US$2,030 per tonne. Shanghai Metals Market forecasts it to trade at US$2,020-2,070 per tonne today. As on September 19, LME aluminium cash (bid) price stands at US$ 1980 per tonne, LME official settlement price stands at US$ 1981 per...
Primary aluminium inventories in China have once again recorded a plunge on September 20 because of improved consumption. According to the report from Shanghai Metals Market, the inventories across eight major consumption areas, including SHFE warrants are hovering at 1.623 million after being decreased by some 53,000 tonnes from last Thursday, September 13 and 22,000 tonnes from Monday, September 17. In Wuxi and Jiangsu, the inventory is seen at 699,000 tonnes while in Shanghai, the inventory is hovering at 371,000 tonnes. The inventory is Nanhai and Guangdong is further less than the other two markets at 205,000 tonnes. To know more about the current status of primary aluminium inventories across other major Chinese markets, refer to the chart below. In this background, the A00...
Hydro has made a final build decision to invest NOK 1.4 billion at Husnes to upgrade and start-up the plant's second production line, which will double the plant's aluminium production and create 90 more jobs. Since the investment decision in December 2017, Hydro has been detailing the project towards the final build decision. "We're committing to aluminum production in Norway based on clean, renewable energy and doing so with world-class technology," says Hilde Merete Aasheim, Head of Primary Metal in Hydro. In the restart of the line, which was shut down in 2009, Hydro will introduce new technology elements that will give better performance at the plant. Hydro Husnes today produces about 95,000 tonnes of primary aluminium per year. With the re-start, the plant will produce 190,000...
In a massive relief for India, the United States is all set to exempt Indian aluminium and steel from the higher tariff regime announced by President Donald Trump's administration this March. But the exemption is likely to come with riders, a top government official tells ET Now. "The US has agreed to exempt a certain percentage of India's average exports in last five years from the highrt import duty, but talks are still on as India is pushing for a complete exemption," a senior government official said. The US has exempted some other countries from import duties and they are willing to include India in the list too, the official added. In March, US had imposed 25% import duty on steel and 10% on aluminium, a move India retaliated against by announcing its intention to levy a higher...
The US dollar index rebounded as it recovered from earlier weakness that came after China responded with new tariffs on $60 billion worth of US goods. Meanwhile, US Treasury yields were also on the rise, to their highest since May for the 10-year bond. Base metals increased for the most part. Market worries over trade conflict between China and the US eased after official decisions on tariffs were made Tuesday. Prices of aluminium are expected to have little downward room with the trade war now getting offcial. China's Ministry of Commerce (MOC) on Tuesday September 18 confirmed US' decision to impose an additional 10% tariff on $200 billion worth of Chinese imports and expressed its plan to take countermeasures to safeguard the country. LME aluminium closed the day’s trading at US$ 2012...
After declining two days in a row, the A00 aluminium ingot spot price spurs yet again on September 19, by RMB 30 per tonne, Shanghai Metals Market found. A day before, the price was at 14430 per tonne while today the price has concluded at RMB 14460 per tonne. The average prices are expected to range between RMB 14460 per tonne and RMB 14480 per tonne; with spot discount to be settled at RMB 40 per tonne. In the east and north, the spot prices of A00 aluminium ingot have climbed RMB 45 per tonne to stand at RMB 14465 per tonne and RMB 144485 per tonne, respectively. In the south, the price has increased by RMB 50 to stand at RMB 14620 per tonne, a little down than the rest two markets. Alumina spot price, on the other hand, has recorded a plunge on September 19, from RMB 3302 per tonne,...
The United States has thrown Russian Aluminium Company Rusal a lifeline by loosening sanctions imposed on the company in April. Critically, the U.S. Treasury has tweaked its sanctions to allow Rusal to enter into new contracts with existing customers. This is good news for the Russian company, which has been shunned by buyers negotiating 2019 shipments. It’s also good news for the aluminium market, which was facing the prospect of 3.7 million tonnes of Rusal product being locked out of the supply chain. However, the broader sanctions threat against Rusal, a by-product of the sanctions against its oligarch owner Oleg Deripaska, remains. An Oct. 23 deadline for customers to wind down business with the company still stands, leaving any new contracts still beholden to the same underlying...
The US dollar index slumped against the euro and sterling, which were buoyed by optimism that Britain would reach a deal with the European Union (EU) on the terms of its departure from the trade bloc. Base metals closed mixed. LME aluminium closed the day's trading lower at US$ 1985 per tonne on Monday. Later it climbed up during the European trading session, with limited momentum. It closed at US$2,033.5 per tonne after rising to a high of US$2,043 per tonne. As on September 17, LME aluminium cash (bid) price stands at US$ 1984.50 per tonne, LME official settlement price stands at US$ 1985 per tonne; 3-months bid price stands at US$ 2017 per tonne, 3-months offer price is US$ 2017.50 per tonne; Dec 19 bid price stands at US$ 2050 per tonne, and Dec 19 offer price stands at US$ 2055 per...
According to a Reuter’s report, shares of China Hongqiao Group, the world’s biggest aluminium producer, dropped for a second day on Monday, 17 September 2018. The drop came after its home province of Shandong announced introduction of fees for captive power plants. The Shandong commodity price bureau said owners of captive power plants would need to pay 0.05 yuan (US$0.0073) kWh of electricity generated from July 2018, rising to 0.1016 yuan kWh after 2019. Analysts estimate that the new policy would increase Hongqiao’s aluminium production costs by around 500 yuan ($73) per tonne. Hongqiao said on Monday that it has “not received any specific notice at this time.” The company said it would talk with relevant government authorities “to provide reasonable suggestions with a view to securing...
