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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STAS has announced through a press release that it has purchased technologies from o.d.t. Engineering PTY. LTD finalized in April 2018. O.d.t. Engineering is a family owned Australian company specialized in the design and supply of casting and material handling equipment and production consumables for magnesium and aluminium casthouse. Since the late 1980’s, STAS has been supplying various equipment and solutions for the casthouse as well for the electrolysis, carbon and crucible shop areas in the aluminium industry. This transaction further enhanced its position as a world class supplier of innovative equipment for the aluminium sector and paved the way for new business opportunities. The transaction includes the capacity, without limitation, and a right to operate the business...
AMETEK Surface Vision, a world leader in automated online surface inspection solutions for the metals industry, will exhibit at SIS.EUROPE 2018 – Surface Inspection Summit, September 18-19, at the TEMA Pyramid, Aachen, Germany, The summit combines presentations from experts from the steel and non-ferrous metals industries with an exhibition by leading suppliers of surface vision and quality assurance systems. The summit offers a unique opportunity for users of surface inspection systems and providers of surface inspection products and services to come together at a single location. As a leading developer of software-enabled vision systems, AMETEK Surface Vision will showcase its latest in-line image processing technology for optimized surface inspection and monitoring as well as process...
The U.S. Commerce Department said on Wednesday that U.S. President Donald Trump approved targeted relief from quotas on steel and aluminium from some countries. The statement confirmed that Trump signed proclamations allowing relief for South Korea, Brazil and Argentina for steel and on aluminium from Argentina. “Companies can apply for product exclusions based on insufficient quantity or quality available from U.S. steel or aluminium producers,” the statement said. “In such cases, an exclusion from the quota may be granted and no tariff would be owed.” The tariffs on steel and aluminium imports, which were implemented in March for some countries, took effect for European Union, Canada and Mexico from June 1. On May 31, Commerce Secretary Wilbur Ross said that arrangements had been made...
The Aluminium Association of India (AAI) has reportedly drawn the attention of the Prime Minister’s Office (PMO) to the critical coal shortage situation. The government had decided to allocate more coal-bearing railway rakes to the electricity generation sector which in turn has affected the power-intensive aluminium industry. In a letter written to the PM’s Office, the aluminium industry has demanded the resumption of regular fuel supply as per the contracted quantity and also complained about the reduction of supplies without prior notifications. AAI points out that coal rakes allocated to the segment has not been more than 15 per cent since July 2017. In June 2018, it was less than 9 per cent. Out of 63 million tonnes of requirement, the aluminium sector had reportedly received 40...
The US dollar index slumped to the lowest in four weeks, as investors lost confidence in the dollar after the US and Mexico reached a preliminary agreement to change parts of the North American Free Trade Agreement (NAFTA). Base metals closed mixed. Short supplies of alumina overseas provided more support to LME aluminium than to SHFE aluminium. After closing the day’s trading at US$ 2116 per tonne, the contract jumped 1.13% overnight. Shanghai Metals Market expects LME aluminium to trade at US$2,150-2,185 per tonne today. As on August 29, LME aluminium cash (bid) price stands at US$ 2115 per tonne, LME official settlement price stands at US$ 2116 per tonne; 3-months bid price stands at US$ 2141 per tonne, 3-months offer price is US$ 2142 per tonne; Dec 19 bid price stands at US$ 2172 per...
The primary aluminium inventories across eight major consumption areas in China have extended gains over the week as arrivals rebounded and consumption in Guangdong weakened, Shanghai Metals Market found. As of today, August 30, stocks, including SHFE warrants, have grown by some 9000 tonnes from a week ago and 8000 from Monday to stand at 1.747 million tonnes. The below chart shows the current status of the inventories in major Chinese markets: In this background, the A00 aluminium ingot price has recorded a little plunge to stand at RMB 14810 per tonne. Till yesterday, the price was at RMB 14820 per tonne. This shows that today the ingot price has dipped by RMB 10 per tonne. The average prices are expected to range between RMB 14790 per tonne and RMB 14830 per tonne, with spot discounts...
A strong Conference Board (CB) Consumer Confidence index for August lowered the US dollar index by 0.07% last night. Most LME and SHFE base metals gained. Tight supplies and higher purchasing prices of alumina in the overseas market pulled up LME aluminium, which soared to an intraday high of US$2,142 per tonne. It rose 2.35% higher from Monday closing price of US$ 2088 per tonne and closed at US$2,133 overnight. With open interests up 1,921 lots to 626,000 lots, Shanghai Metals Market expects LME aluminium to trade at US$2,110-2,130 per tonne. As on August 28, LME aluminium cash (bid) price stands at US$ 2087.50 per tonne, LME official settlement price stands at US$ 2088 per tonne; 3-months bid price stands at US$ 2114 per tonne, 3-months offer price is US$ 2115 per tonne; Dec 19 bid...
According to Shanghai Metals Market, Weiqiao Group on Tuesday, August 28, planned to increase its September’s purchasing price for pre-baked anode by RMB 220 per tonne but met opposition from domestic producers who demanded higher prices. SMM expects Weiqiao to make a bigger upward adjustment by over RMB 300 per tonne from that in August. The final purchasing price is still under negotiation. On August 1, Weiqiao had raised prices by RMB 180 per tonne to RMB 3280 per tonne on cash and RMB 3315 per tonne on acceptance, after seven consecutive months of decline. SMM believes this rebound in prices could be because of a new round of restocking for the 2018/19 winter from this month. The average pre-baked anode spot price in China is, however, continuing at RMB 3315 per tonne with no sign of...
Russia has a plan to support world No.2 aluminum producer Rusal against U.S. sanctions put in place in April, including by purchasing the metal for state stocks, Industry Minister Denis Manturov told reporters on Tuesday. The U.S. Treasury Department placed Russian businessman Oleg Deripaska and Rusal, which he controls, on a blacklist that month, freezing the bulk of the company’s exports, paralyzing its supply chain and scaring off many customers. The sanctions caused major disruptions to global aluminum markets, although Rusal’s international customers were given until Oct. 23 to wind down business with the company. En+ Group, Deripaska’s holding company, is also under sanctions. Industry sources told Reuters in June that Rusal will take a major hit if sanctions are not lifted by late...
London Metal Exchange was closed on Monday August 27 due to Summer Bank Holiday. Shanghai Metals Market expects LME aluminium to receive support from higher alumina prices and to trade at US$2,080-2,100 per tonne today. SME and SHFE Aluminium Price Trend The benchmark aluminium price on Shanghai Metal Exchange dropped to US$ 2145 per tonne on August 28, from US$ 2151 per tonne on August 27. The SHFE 1810 contract lost all the gains made since Friday and closed flat yesterday, according to Shanghai Metals Market. It initially hit a low of RMB14,735 per tonne before it found some support at the five-day moving average. The SHFE 1810 contract finally closed at RMB14,735 per tonne. The SHFE 1810 contract rebounded as alumina jumped US$42.5 per tonne to trade at US$623 per tonne at India’s...
The world's biggest aluminium producer China Hongqiao Group announced its results for the first half of 2018. Despite lower revenues, the company reportedly witnessed a surge by 21 per cent in its net profit. In a filing to the Hong Kong stock exchange, the company reported net income of RMB 1.8 billion ($262 million) in the first six months of this year, from RMB 1.49 billion in the previous year. Hongqiao’s revenue dropped on lower aluminium production volumes. The company reported revenue of RMB44.3 billion, down 6 percent from the first half of 2017, Reuters reported. Hongqiao produced 3.187 million tonnes of aluminium alloy products in the first half, down 20.2 per cent year-on-year. Alumina sales increased to RMB4.77 billion in the first six months of 2018, from RMB 970.9 million in...
Aluminium Bahrain B.S.C. (Alba), in line with its commitment to enhance employees’ preparedness for its start-up of Line 6, continued the series of “MJ Preparation Workshop” with another session delivered by Alba’s Deputy Chief Executive Officer, Ali Al Baqali on 14 August 2018 at Alba Club. This strategic workshop is an initiative launched and led by Alba’s Chief Executive Officer, Tim Murray, in order to enhance synergy and alignment amongst employees at all levels. It is based on the biography of the renowned basketball player, Michael Jordan, which highlights his outstanding level of preparation to achieve targeted results. Commenting on this workshop, Deputy CEO, Ali Al Baqali, said: “We, at Alba, believe that the best communication is direct communication. Such tailored workshops...
Mining and metals major Vedanta will invest up to US$8 billion to increase the production of aluminium, zinc, lead and oil over the next three years, Vedanta’s Chairman Navin Agarwal told shareholders at the company’s annual general meeting last Friday. “As India’s largest private oil producer, the company contributes 27 percent to domestic production and aims to take it up to 50 percent in two to three years,” Navin Agarwal said."We are also the largest aluminium producer in the country. This year, we had a record production at our zinc-lead-silver and aluminium businesses. We will be further investing $3-4 billion in these businesses in the next 2-3 years." The company reported record quarterly aluminium production at 482,000 tonnes, an increase of 37% YoY. Vedanta reported revenues of...
The US dollar index fell 0.49% to close at 95.15 as US President Donald Trump criticised the Federal Reserve on interest rate hikes. Base metals rose for the most part except for LME tin and SHFE nickel, according to Shanghai Metals Market. LME aluminium was bolstered by rising base metals contracts to a high of US$2,109 per tonne last Friday night and closed at US$2,084 per tonne. LME official settlement price stood at US$ 2062 per tonne on Friday, August 24 from US$ 2021.5 per tonne on Thursday, August 23. As on August 24, LME aluminium cash (bid) price stands at US$ 2061.50 per tonne, LME official settlement price stands at US$ 2062 per tonne; 3-months bid price stands at US$ 2085 per tonne, 3-months offer price is US$ 2085.50 per tonne; Dec 19 bid price stands at US$ 2120 per tonne,...
The A00 aluminium ingot spot price has extended its surge over the weekend, ending on August 27, from RMB 14610 per tonne, as of August 24, to RMB 14650 per tonne, Shanghai Metal Market found. The average prices are expected to range between RMB 14630 per tonne and RMB 14670 per tonne, with spot prices to settle at RMB 80 to RMB 40 per tonne. In the east and south, the ingot prices climbed RMB 30 per tonne to stand at RMB 14645 per tonne and RMB 14800 per tonne respectively; while in the north, the price registered a growth by RMB 45 per tonne to close at RMB 14615 per tonne. The aluminium ingot price has been rising since the early last week backed on tight supplies to the inventories. Moreover, the forthcoming winter heating season in China have already started resulting in cut down of...
LME aluminium started the week showing restraint with the fall of US dollar; SHFE aluminium stayed rangebound. The US dollar index fell below 96 to the lowest in almost one week at 95.76 on Monday after Federal Reserve took decision to raise interest rates. With the falling dollar, LME aluminium managed to stay up throughout the week starting with US$ 2033 on Monday to US$ 2021.5 per tonne on Thursday. SME aluminium started the week with US$ 2087 and stood at US$ 2121 per tonne on Friday. In a positive update from United Steelworkers officials on Monday, one of two potlines at Century Aluminum's 218,000 mt/year Sebree smelter in western Kentucky idled by a power outage on May 29 mostly restarted and should be fully operational soon. Century Aluminium marked the ceremonial restart of its...
The dollar stopped a five-day losing streak and the euro fell on Thursday. The greenback received a boost from political uncertainty, a new round of trade tariffs and the Federal Reserve's decision to raise interest rates. The dollar index gained 0.57% to close at 95.617. LME aluminium rebounded to an intraday high of US$2,074.5 per tonne and ended Thursday at US$2,070 per tonne. LME official settlement price stood at US$ 2021.5 per tonne, lower from the last closing. Shanghai Metals Market expects it to remain rangebound today with a trading range of US$2,065-2,080 per tonne. As on August 23, LME aluminium cash (bid) price stands at US$ 2021 per tonne, LME official settlement price stands at US$ 2021.50 per tonne; 3-months bid price stands at US$ 2043 per tonne, 3-months offer price is...
The US dollar index closed at 95.075 on Wednesday after it fell to 94.93, the lowest since August 2. LME base metals, except for copper, rose across the board on Wednesday. LME aluminium traded strongly rangebound and closed at US$2,065 per tonne on Wednesday night after closing the day’s trading at US$2038.50 per tonne. We expect it to trade at US$2,060-2,080 per tonne today. As on August 22, LME aluminium cash (bid) price stands at US$ 2038 per tonne, LME official settlement price stands at US$ 2038.50 per tonne; 3-months bid price stands at US$ 2063 per tonne, 3-months offer price is US$ 2063.50 per tonne; Dec 19 bid price stands at US$ 2105 per tonne, and Dec 19 offer price stands at US$ 2110 per tonne. The LME aluminium opening stock dropped to 1102450 tonnes. Live Warrants totalled...
