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...
Grow with
AL Circle
Aluminium imports climbed by a fifth in the first quarter to more than half a million tonnes after the imposition of US tariffs, with more such shipments likely, triggering a demand from local producers for protective levies. The industry also wants preference for local aluminium in all government and Make in India projects, as with steel. Indian aluminium production climbed 19% in Q1 of FY19 while consumption rose 11%. Yet share of imports in aluminium consumption has been increasing continuously. In Q1, imports constituted a staggering 60% of domestic consumption, according to industry data. Its wide use in sensitive applications such as consumer durables and utensils can pose serious risk to the environment and health. The industry wants parity in taxes on scrap and primary aluminium.
The US dollar index fell below 95, against a basket of six major currencies. Base metals saw mixed trades. LME aluminium contract fell and closed the day’s trading at US$ 2030.5 per tonne yesterday. The metal fell sharply to a low of US$2,035 per tonne, and closed at US$2,046 per tonne after Alunorte signed agreements to resume normal operations at the alumina refinery in Brazil. It is expected to slow its decline and trade at US$2,035-2,060 per tonne today. As on September 6, LME aluminium cash (bid) price stands at US$ 2030 per tonne, LME official settlement price stands at US$ 2030.50 per tonne; 3-months bid price stands at US$ 2062 per tonne, 3-months offer price is US$ 2062.50 per tonne; Dec 19 bid price stands at US$ 2095 per tonne, and Dec 19 offer price stands at US$ 2100 per...
According to the data from Shanghai Metals Market, China in the month of August produced 3.11 million tonnes of primary aluminium, up 1.5 per cent from 3.063 million tonnes in the corresponding period last year. But the overall output during January-August still remained down by 1.8 per cent to 24.05 million tonnes from 24.48 million tonnes year-on-year. Until the end of August, the primary aluminium capacity in operation across China was about 37.36 million tonnes while about 4.54 million tonnes remained idle. Operating rates in August came in at 89.2 per cent, down 0.3 percentage point from July as costs and losses grew. Some capacities with high costs in Gansu, Shaanxi, and Henan provinces were shut permanently during the period which further bolstered the shrink of operating volumes....
The US dollar index edged down 0.31% to close at 95.1 as the pound jumped after it was reported that Germany was prepared to make a major compromise on Brexit. Base metals closed mixed. LME aluminium contract gained after three consecutive falls and closed the day’s trading at US$ 2045 per tonne yesterday. With support from high costs of alumina, LME aluminium jumped to a high of US$2,087 per tonne and closed at US$2,060 per tonne overnight. It is likely to consolidate at US$2,050-2,080 per tonne with limited downward room. As on September 5, LME aluminium cash (bid) price stands at US$ 2045.50per tonne, LME official settlement price stands at US$ 2045 per tonne; 3-months bid price stands at US$ 2076 per tonne, 3-months offer price is US$ 2077 per tonne; Dec 19 bid price stands at US$...
According to the latest update by Shanghai Metals Market, primary aluminium inventories across major consumption areas in China shrank over the week as downstream consumers increased purchases to restock on lowered spot prices. As of Thursday, September 6, stocks across eight consumption areas, including SHFE warrants, fell by some 33,000 tonnes from last Thursday to stand at 1.714 million tonnes. In Wuxi, Jiangsu, the inventory dropped by 9000 tonnes from Monday, September 3, to stand at 718,000 tonnes; in Shanghai, it dipped 5000 tonnes to clock at 381,000 tonnes. However, in Linyi, Shandong and Chongqing, the inventories showed no change and still hovering at 27,000 tonnes. For more details, refer to the chart below: In this background, today, on September 6, the A00 aluminium ingot...
According to the aluminium trading data, Japan ranked as the fourth largest aluminium importing country in 2017 after the United State, Germany, and Netherlands, accounting for 8.3 percent of the world’s total share of aluminium imports. The world total aluminium imports in the same year had totalled at US$176.2 billion. {newsStudioGallery} The global export-import data found that in 2016 and 2017, Japan had imported a total amount of 2.5 million tonnes and 2.8 million tonnes of aluminium including alloy and non-alloy, respectively. This shows the import volume grew by almost 12 per cent in 2017. Well, it does not stop there because according to the prediction by the international export-import data, Japan would likely import more this year, totalling at 3 million tonnes, 20 per cent up...
The Gulf Aluminium Council or GAC is a coordinating body that represents, promotes and protects the interests of the aluminium industry within the Gulf region. GAC, for a while has been organizing a series of special industry focused seminars for the members in the Gulf. Recently, the organization has decided to open the seminars to a global audience considering the relevance of the global topics that concern the aluminium industry as a whole. The GAC seminars will provide an excellent opportunity to share global knowledge from professionals and practical applications of the subject matter, among the GCC smelters. The objective of the seminar is to facilitate the participants a platform to gain a boarder perspective from these informative seminars, which they can apply in their own work...
The US dollar index rallied to the highest since August 21 last night at 95.73, and closed at 95.41. Concerns over an escalating trade conflict between the US and China battered emerging market currencies and prompted investors to seek safe harbour of the dollar. Base metals, except for SHFE tin, fell across the board. LME aluminium inched up to a high of US$2,105 per tonne during the Asian trading session, but a robust US dollar lowered it to a low of US$2,056 per tonne. It closed the day’s trading at US$ 2040 per tonne and regained little to close at US$2,063 per tonne overnight. The contract may consolidate at US$2,055-2,080 per tonne today. As on September 4, LME aluminium cash (bid) price stands at US$ 2039.50 per tonne, LME official settlement price stands at US$ 2040 per tonne;...
The price spread of primary aluminium between Henan province and Shanghai narrowed to RMB 90 per tonne on Wednesday, September 5, from RMB 140 per tonne at the end of August. The followed after aluminium processing plants in Gongyi, Henan resumed production from environmental curbs during July-August. Higher demand also served as a primary reason for the decreased prices in the province. However, as of today, September, the A00 aluminium ingot price grew over RMB 100 per tonne from late August to RMB 14590 per tonne to stand at RMB 14610 per tonne, SMM learned. Orders for September dropped year-on-year across most aluminium processors even as environmental restrictions eased. Downstream demand may underperform relative to expectations in the traditional high season of September-October,...
The US dollar inched up 0.01% to close at 95.1, following news of improved manufacturing activity in the UK in August. Base metals, except for lead, dropped across the board. LME aluminium slumped 1.4%. Poor downstream demand in the expected high season weighed on aluminium prices, but higher costs of raw materials continued to prevent further downward room. LME aluminium slumped sharply below the 60- and 10-day moving averages to a low of US$2,080 per tonne overnight after settling at US$ 2083.50 during the day’s trading. Shanghai Metals Market expects LME contract to trade at US$2,075-2,105 per tonne. As on September 3, LME aluminium cash (bid) price stands at US$ 2082.50 per tonne, LME official settlement price stands at US$ 2083.50 per tonne; 3-months bid price stands at US$ 2109.50...
The A00 aluminium ingot price continues to decline across China. The A00 aluminium ingot price dropped RMB 30 per tonne to RMB 14690 per tonne on Tuesday, September 4, 2018, from RMB 14720 per tonne on September, 3, 2018. The prices are expected to range between RMB 14670 per tonne and RMB 14710 per tonne, with spot discounts to settle at RMB 50 to RMB 10 per tonne. A00 aluminium ingot price in China’s major markets have also registered a drop today. In the east, the price decreased RMB 25 per tonne to stand at RMB 14700 per tonne on September 4, compared to RMB 14725 per tonne on September 3. In the south and north, the price dropped RMB 50 per tonne and RMB 30 per tonne to stand at RMB 14790 per tonne and RMB 14700 per tonne, respectively. As far as the raw material prices are...
According to the new Vedanta CEO Srinivasan Venkatakrishnan’s statement shared with PTI in an interview, the firm (oil-to-aluminium group) holds a huge potential to become one of the world’s largest resource companies by expanding outside India without compromising on growth within the country. Venkatakrishnan, a highly regarded mining executive who worked at AngloGold, one of the world’s biggest gold producers, for 18 years, has taken over as the chief executive officer of Vedanta Resources on August 31, replacing Tom Albanese, the former head of Rio Tinto. The 53-year-old wants to give it back to India by building the company into a giant producer of commodities, create jobs, and reduce poverty. "If you look at diversified companies, they come with a bright and strong heritage. Vedanta...
After gaining over the last week ended on Thursday, August 30, the primary aluminium inventories across eight major consumption areas in China shrank over the weakened as limited deliveries arrived, Shanghai Metals Market learned. As of today September 3, the primary aluminium stocks, including SHFE warrants, dipped by some 12,000 tonnes from Thursday to stand at 1.735 million tonnes, according to SMM data. The inventory in Wuxi and Jiangsu stood at 727,000 tonnes; while in Shanghai, Nanhai and Guangdong, and Gongyi and Henan, the inventories were heard at 386,000 tonnes, 238,000 tonnes, and 162,000 tonnes, respectively. For more detail, refer to the chart below: But despite the drop in inventories on limited arrivals, the A00 aluminium ingot spot price has registered a further decrease...
The US dollar registered growth for a second consecutive trading day last Friday after it was reported that the US and Canada ended trade negotiations without any agreement. The greenback is on track to end the month of August on a positive note, up about 0.6% amid trade tensions. It has advanced in four of the last five months, gaining nearly 9%. Base metals traded with pressure. LME aluminium closed Friday’s trading at US$ 2112 per tonne. The contract then slid overnight after an initial gain, to a low of US$2,116 per tonne driven by a strengthened US dollar. LME aluminium is expected to trade at US$2,105-2,135 per tonne today. As on August 31, LME aluminium cash (bid) price stands at US$ 2111.50 per tonne, LME official settlement price stands at US$ 2112 per tonne; 3-months bid price...
The last week of August was marked by a falling US dollar index and a rising LME aluminium graph. August 27 was a holiday for LME and it started the week with a 1.26 % gain on August 28. The light aluminium contract traded within a range of US$ 2088 to US$ 2112 per tonne over the week. US dollar rebounded for the first time in five trading days on Friday August 31 and pushed the LME slightly lower. LME aluminium and SHFE contracts registered smaller drops compared with other base metals when the US dollar rebounded overnight. The benchmark aluminium price on Shanghai Metal Exchange started the week at US$ 2151 per tonne on August 27 and after reaching the height of US$ 2175 per tonne mid-week, the week was closed at US$ 2161 per tonne on August 31. As on August 31, LME aluminium cash...
India produced 915 thousand tonnes of primary aluminium during April-June quarter, an increase of 18.2 per cent. The rise in aluminium production was on account of better capacity utilisation and addition, according to a report by Care Ratings. The country’s aluminium consumption grew 15.1 per cent to 582 thousand tonnes in the mentioned period, on development of smart cities, rural electrification, focus on building renewable energy projects and growth in the transportation segment. Aluminium exports rose 15.9 per cent, while imports declined 6.9 per cent in June quarter, the report said. India exported the metal to South Korea, Turkey, Mexico, Italy, the US, Japan and Greece. Aluminium demand in India is projected to grow around 5 per cent to 2,200 thousand tonnes in FY19 driven by the...
The US dollar index rebounded for the first time in five trading days. LME aluminium and SHFE contracts registered smaller drops compared with other base metals when the US dollar rebounded overnight. LME aluminium contract closed a little higher at US$ 2127 per tonne yesterday. As on August 30, LME aluminium cash (bid) price stands at US$ 2126 per tonne, LME official settlement price stands at US$ 2127 per tonne; 3-months bid price stands at US$ 2148.50 per tonne, 3-months offer price is US$ 2149 per tonne; Dec 19 bid price stands at US$ 2185 per tonne, and Dec 19 offer price stands at US$ 2190 per tonne. The LME aluminium opening stock dropped to 1073050 tonnes. Live Warrants totalled at 781475 tonnes, and Cancelled Warrants were 291575 tonne. LME aluminium 3-months Asian Reference...
Shanghai Metals Market research found that some 730,000 tonnes of primary aluminium capacities across China closed during June-August because of high costs and relatively low prices of aluminium. Capacities belonged to five aluminium manufacturers, including Shaanxi Tongchuan Aluminum, Lanzhou Liancheng Aluminium, and Shandong Zouping Aluminium. Data also showed that about 900,000 tonnes of primary aluminium capacities have been permanently shut so far this year. According to SMM, the A00 aluminium ingot price has again extended a plunge today, August 31, by RMB 40 per tonne to stand at RMB 14770 per tonne. The spot discounts climbed RMB 10 per tonne and settled at RMB 70 to 30 per tonne. The average prices are expected to range from RMB 14750 per tonne and RMB 14790 per tonne today. In...
