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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Century Aluminum plant in Goose Creek, South Carolina has resumed hiring after President Trump imposed tariffs on foreign aluminium imports, though it is operating at 50% capacity. Century president and CEO Mike Bless is of the view that the tariffs are having their intended effect on domestic industry. Century aluminium reported a 21 per cent increase in sales for the second quarter. Full-year production is expected to be up more than 60 per cent over 2017. However, they will continue operating at 50% capacity till next year. Century is hiring staff despite the ongoing dispute with the state-owned utility Santee Cooper over electricity cost. Bless points out electricity accounts for 40 per cent of aluminium’s cost of production. The laid off 300 of its 600 employees in 2016. Bless says...
The US dollar index hit the highest level since June last year at 96.794 on Tuesday. LME aluminium continued downward trend and closed the day’s trading at US$2038 on Tuesday. It recovered most of its early losses and closed at US$2,069.5 per tonne after touching the low of US$2,045 per tonne. It is likely to trade at US$2,050-2,080 per tonne today under the pressure from a strong dollar. As on August 14, LME aluminium cash (bid) price stands at US$ 2037.50 per tonne, LME official settlement price stands at US$ 2038 per tonne; 3-months bid price stands at US$ 2063 per tonne, 3-months offer price is US$ 2063 per tonne; Dec 19 bid price stands at US$ 2100 per tonne, and Dec 19 offer price stands at US$ 2105 per tonne. The LME aluminium opening stock dropped to 1135925 tonnes. Live Warrants...
Amid increasing raw material prices and dipped primary aluminium social inventory in China, A00 aluminium ingot price has been on a rising trend since the beginning of August, except a few intermittent drops. According to the latest update from Shanghai Metals Market, the ingot price has again plunged today, on August 15, after about a week later to stand at RMB 14490 per tonne, in contrast to a hike on the previous day from RMB 14500 per tonne, as on 13 th of August, to RMB 14530 per tonne. The average prices as on today are expected to range between RMB 14470 per tonne and RMB 14510 per tonne, with spot discounts to settle narrow at RMB 20 per tonne. The primary aluminium price on Shanghai Metals Exchange could not escape from the plunge either. Today, it stands at US$ 2097 per tonne...
State-owned aluminium major National Aluminium Company (Nalco) has intimidated that it is making all efforts to procure more materials from mid-sized, small or micro enterprises. Reportedly, the procurement will expand from the current level of INR 400 crore to INR 1200 crore in the coming time. Nalco chairman Dr. Tapan Kumar Chand said this is the right time for MSMEs to grow and shine bright. He further said India had been emerging as the youngest nation with 64 per cent of population in working group. If this demographic dividend could be properly cultivated, it would increase GDP by 2 per cent, taking it to double digits. This could be possible only if the huge workforce was provided productive employment. Speaking about the upcoming Angul Aluminium Park, Chand responded that there...
At AlCircle, innovation and information is the key to excel! Having created a niche of its own as a one of a kind Information and business portal for the complete global value-chain of aluminium; AlCircle has now launched a range of services under the umbrella of an Exclusive Membership Plan . Customizable and tailor made for the aluminium industry participants, both from the large scale enterprises as well as the SME sector and the R&D sector, the membership plan will make availing its services easier and clutter-free for its users. There is a big market for information and it is growing manifold every day. Getting the right kind of information for your business at the right time is one of the prime criteria in running a business successfully. Next stage is to get that correct and...
In less than five months, the Trump administration has collected more than $1.4 billion in new revenue from steel and aluminum tariffs, according to a recent report prepared for members of Congress. The Congressional Research Service estimated that, between March 23 and July 16, the U.S. reaped $1.1 billion and $344.2 million from levies on foreign steel and aluminum, respectively. Those earnings are on the rise as trade negotiations with allies linger on and President Donald Trump moves to hike tariff rates on countries like Turkey. CRS says the new tariffs could reap the U.S. some $7.5 billion — $5.8 billion on steel and $1.7 billion on aluminum – based on last year's import levels. In 2017, the U.S. imported $29 billion worth of steel products covered the tariffs and $17.4 billion...
The US dollar index notched a fresh 14-month high at 96.52 before it closed at 96.27 overnight as Turkey’s economic woes continued. LME aluminium hovered within a range of US$25 for most of the day and closed the day’s trading at US$ 2052 per tonne yesterday August 13. The metal rebounded from a low of US$2,070 per tonne and closed at US$2,080 per tonne on Monday night. Shanghai Metals Market expects it to continue the range bound pattern today with a trading range of US$2,060-2,100 per tonne. As on August 13, LME aluminium cash (bid) price stands at US$ 2051per tonne, LME official settlement price stands at US$ 2052 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$ 2113 per tonne, and Dec 19 offer price...
Followed by controlled production at aluminium fluoride manufacturers in mid-June, the fluoride prices in China have been reportedly clocking a steady trend since the beginning of the month, Shanghai Metals Market found. Major fluorochemical enterprises were heard to have convened in mid-June in Hengshan, Hunan province and agreed to operate in a staggered pattern to support aluminium fluoride prices at RMB 9000 per tonne ex-work level. These producers suspended production in every alternate month and kept only half of the overall capacities in operation. Aluminium fluoride prices began to rebound soon after these production curbs came into effect. Some offers were even seen at over RMB 10000 per tonne due to limited supply in the market, in contrast to RMB 8500 per tonne in early June....
Hindalco reported Q1 FY19 results for Utkal Alumina, Hindalco standalone, as well as Aluminium Business. Though alumina production was marginally lower due to planned maintenance shutdown in one of the refineries, Hindalco reported an EBITDA of INR 1,531 crore (US$ 220 million) and a margin at 27 per cent, highest in the last 28 quarters, for Hindalco Aluminium Business including Utkal Alumina. EBITDA was up 35 per cent compared to INR 1,132 crore in Q1 FY18. The results also lifted the EBITDA for Hindalco standalone plus Utkal Alumina to INR1,951 crore, highest ever quarterly results for the group. Hindalco’s aluminium revenue for Q1 FY19 stood at INR 5,667 crore. This increase was on account of better sales realisations and stable plant operations. The company achieved steady aluminium...
According to an update from Shanghai Metals Market, SHFE 1810 contract fell and closed at RMB 14,685 per tonne today as some longs covered their positions and the contract is expected to face resistance at RMB 14,850 per tonne. Average A00 ingot prices stand at RMB 14,500 per tonne today, up about 0.07 % from Friday. Prices in the individual spot markets also started the week with a rise. Spot discounts have narrowed and are now ranging at RMB 50-10 per tonne. China's inventory of primary aluminium across eight major consumer markets, including SHFE warrants, lost 9,000 tonne from Thursday August 9 to stand at 1.766 million tonne as on Monday August 13, SMM data showed. Though downstream consumption was low, the inventory fell over the weekend as deliveries from the northwest smelters...
The dollar index logged a new high in over one year, settling at 96.45 on Friday night, while the Turkish lira fell over 20% against the greenback, reaching a record low of 6.87, after US President Donald Trump announced he was doubling metals tariffs on Turkey. LME aluminium showed downward trend during the day’s trading on Friday August 10 closing at US$ 2039 per tonne. After hitting a high of US$2,117 per tonne overnight, LME aluminium came off and closed at US$2,078.5 per tonne with strong resistance at the 40-day moving average. It is likely to continue to struggle among several moving averages and trade at US$2,060-2,100 per tonne today. As on August 10, LME aluminium cash (bid) price stands at US$ 2038.50 per tonne, LME official settlement price stands at US$ 2039 per tonne;...
On Monday, August 6 Alcoa requested Trump administration for an exemption from aluminium tariffs. The 130 year old aluminium producer was considered to be one of the companies which were benefitted from the tariffs as they faced stiff competition from import. However, the tariffs turned out to be an injury on the producer as it imports much of its aluminium from its Canadian facilities which fall under the tariff list. But Alcoa’s request indicated the counter risks the Trump administration is facing while trying to protect American firms by erecting trade barriers. Businesses that rely on imported materials are facing increased cost pressure, while others that export to overseas markets are being hit with retaliatory tariffs from tariff hit countries like Canada, China, Mexico and the...
The dollar index jumped 0.54% to 95.61 overnight as investors bet global trade tensions and a robust US economy would support the currency. LME base metals closed mixed on Thursday. The day’s trading for aluminium closed at US$ 2118 per tonne yesterday. Aluminium slumped 2.2%. LME aluminium plunged to a low of US$2,068.5 per tonne overnight and closed at US$2,069 per tonne on Thursday night. We expect LME aluminium to trade rangebound at US$2,070-2,090 per tonne today. As on August 9, LME aluminium cash (bid) price stands at US$ 2117 per tonne, LME official settlement price stands at US$ 2118 per tonne; 3-months bid price stands at US$ 2136 per tonne, 3-months offer price is US$ 2138 per tonne; Dec 19 bid price stands at US$ 2173 per tonne, and Dec 19 offer price stands at US$ 2178 per...
Trading in the spot aluminium market in east China stood narrow on Thursday, August 9, compared to the previous day as surging prices jeopardised downstream consumers’ buying interest, Shanghai Metals Market learned. According to SMM, A00 aluminium ingot price clocked a significant hike right from RMB 14290 per tonne, as of August 8, to RMB 14660 per tonne on August 9, indicating surge by RMB 170 per tonne. The SHFE August contract climbed RMB 300 per tonne from overnight as of noon, driven by the industrial action at Alcoa’s Pinjara alumina refinery in Western Australia. Spot discounts in the east settled at RMB 40 per tonne, while transactions in Shanghai hovered at RMB 14630 per tonne to RMB 14660 per tonne and that in Wuxi and Hangzhou at RMB 14620 per tonne to RMB 14660 per tonne and...
National Aluminium Company (Nalco), one of the largest integrated aluminium companies, wears a success hat for recording a fivefold jump in net profit in the first quarter of financial year ending on June 30, 2018. From INR 129 crore in the year-ago period, the state-run firm’s net profit has clocked at INR 687 crore in Q1 FY2018-19, reportedly surpassing the whole net profit of INR 642 crore in FY 2013-14. "As compared to the corresponding quarter of the last year, the growth in net profit has jumped by a whopping 433 per cent, from INR 129 crore to INR 687 crore," Nalco said in a statement. The revenues also jumped 34 per cent to INR 3035.42 crore in Q1 FY2018-19 against INR 1997.43 crore in the corresponding period of the previous year, attributed primarily to the surge in revenue...
Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, today launches its 2017 sustainability report detailing the organisation’s values, commitments, aspirations and achievements in environmental, social and economic performance. EGA aspires to be measured amongst the world’s leading metals and mining companies in meeting its environmental and social responsibilities. EGA’s sustainability report charts the company’s performance in areas including emissions, safety, technological innovation, community engagement, waste and effluent management and social responsibility. The disclosures made in the report are the outcome of a materiality analysis to identify sustainability topics that warrant the greatest levels of transparency and...
The dollar index slipped 0.07% to 95.098 overnight, while the pound dropped to its lowest level in almost a year on Wednesday. LME aluminium surged and closed at US$2,116.5 per tonne on Wednesday night after closing the day’s trading at US$ 2022 per tonne. The market was buoyed by the news of workers at Alcoa’s Pinjarra alumina refinery in Western Australia walking out of their job indefinitely after they failed to settle a new enterprise agreement. LME aluminium is likely to trade at US$2,110-2,160 per tonne today. As on August 8, LME aluminium cash (bid) price stands at US$ 2021 per tonne, LME official settlement price stands at US$ 2022 per tonne; 3-months bid price stands at US$ 2044 per tonne, 3-months offer price is US$ 2045 per tonne; Dec 19 bid price stands at US$ 2100 per tonne,...
On Tuesday, August 7, the Trump administration announced to go ahead with its plan to impose a 25 per cent tariff on US$16 billion worth of Chinese goods for escalating a trade war with Beijing further. As per the plan, the new tariff will come into effect on August 23, on 279 Chinese product lines including electronics, plastic, and railway freight cars. The number of products is lesser this time than the original 284 items proposed on June 15, said the US Trade Representative’s office. This tariff is the second round of duties that the US has imposed on Chinese goods in a dispute over technology. This was proposed during a breakdown of trade talks between the Trump administration and Beijing. An initial round of tariff was placed on US$34 billion of Chinese products on July 6. A week...
