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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Base metals dipped for the most part on slower growth of China's economy in the second quarter. The key development today is the release of US industrial production data for June. LME aluminium jumped to a high of US$2,074 per tonne and closed above the five-day moving average last night. The contract finally closed at US$ 2130 per tonne on yesterday. US$ Shanghai Metals Market expects the contract to trade at US$2,030-2,075 per tonne today amid market expectation of the US lifting its sanctions against Russia. LME is expected to get support from the positive market fundamentals generated by improved relations between the two countries. As on July 13, LME aluminium cash (bid) price stands at US$ 2125 per tonne, LME official settlement price stands at US$ 2130 per tonne; 3-months bid price...
The U.S. and India are scheduled to sit across the table this week in Geneva to discuss the case filed by India with the World Trade Organization’s (WTO) dispute settlement mechanism over the U.S.’s imposition of import duties on steel and aluminium. The talks will be held under the aegis of WTO’s dispute settlement mechanism, according to a news report by the Press Trust of India. India is part of the group of nations — which includes China, Russia and Norway, among others — to have filed separate dispute claims on the topic with the WTO. The meeting is part of the consultations the U.S. will be holding with all such countries on July 19-20. It may be recalled that the U.S. had imposed a 25% tariff on steel and a 10% tariff on aluminium imports from India. India’s exports of the two...
The US dollar index dipped after it rose, with pressure from poorer-than-expected US consumer confidence. Base metals mostly inched up but faced resistance from the expected fallout from the trade war. After trading slightly lower last Friday, LME aluminium failed to break pressure at the five-day moving average last Friday night, as it rebounded to a high of US$2,058 per tonne on weakened US dollar. It is expected to diverge further from that moving average level today with trading range at US$2,015-2,050 per tonne. As on July 13, LME aluminium cash (bid) price stands at US$ 2100 per tonne, LME official settlement price stands at US$ 2102per tonne; 3-months bid price stands at US$ 2051per tonne, 3-months offer price is US$ 2051.50 per tonne; Dec 19 bid price stands at US$ 2110 per tonne,...
After an incessant fall over the past ten consecutive weeks, China’s inventory of primary aluminium across eight major markets, including SHFE warrants, inched up 17000 tonnes over the weekend ended on July 16, 2018, to stand at 1.82 million tonnes, Shanghai Metal Market data showed. On last Monday, July 9, the primary aluminium inventory stood at 1.83 million tonnes, while on Thursday, July 12, the inventory dwindled to 1.8 million tonnes. This indicates that although the inventory marked a growth today from Thursday, July 12, yet remained lower from the previous Monday, July 9. On the other hand, despite a growth in inventory across the major Chinese markets, a few cities like Gongyi and Henan, Tianjin, Chongqing, and Linyi and Shandong displayed a plunge or restraint. The table below...
A press release from the Reed Exhibitions confirms that ALUMINIUM INDIA 2019, the subcontinent’s biggest event for this sector will be held simultaneously with INCAL Conferencefrom 31 January to 2 February in Bhubaneswar, Odisha; the hub of the Indian aluminium industry. Indian Aluminium Industry is adding capacities and investing in new technologies to cater to the growing demand from sectors like transport and construction. The country was the second largest aluminium producer in ex-china world in 2017 and the country is focusing on developing a strong downstream sector. ALUMINIUM INDIA 2019 will reflect these market developments and for the first time, the trade fair will be accompanied by the renowned INCAL Conference, organised in parallel by the Aluminium Association of India (AAI)....
Trump’s decision to impose additional tariffs on imported aluminium and steel could bring in a negative impact on United States economy, said Federal Reserve Chairman Jerome Powell on Thursday, July 12. To quote Powell, "If it works out other ways, so that we wind up having high tariffs on a lot of products and a lot of traded goods and services ... and that they become sustained for a long period of time ... that could be a negative for our economy." Besides, US businesses had also been expressing concerns over the Trump administration’s decision to impose tariffs, added the Federal Chief. He said, "I think if you're picking up a newspaper today you're hearing that from a lot of businesses.” "It's very difficult to predict how it turns out." Ever since the US imposed high tariffs on...
Deputy USTR Jeffrey Gerrish said India’s recent retaliatory act against the US decision to impose tariffs on imported aluminium and steel was not appropriate. Mr. Gerrish opposed India’s retaliation by claiming that US’ tariffs on imported aluminium and steel were not a safeguard measure. Therefore, according to him, India’s retaliation held no ground. On Thursday, July 12, he said while addressing a Washington audience at the first Annual Leadership Summit of US India Strategic and Partnership Forum, “We were disappointed with the fact that India actually has imposed retaliatory measures actually it's not imposed them yet but announced retaliatory measures.” "They (India) are approaching this as a safeguard metric that we have imposed. On that basis, they've determined that they have a...
LME aluminium plummeted to a low of US$2,032 per tonne overnight before it recovered some losses on talk that the US would ease sanctions on aluminium giant Rusal. LME aluminium contract closed lower at US$ 2104.5 per tonne yesterday July 12 from US$ 2120.5 per tonne on July 11. Shanghai Metals Market expects the contract to trade under pressure today. It is seen trading at US$2,030-2,065 per tonne. As on July 12, LME aluminium cash (bid) price stands at US$ 2104 per tonne, LME official settlement price stands at US$ 2104.50per tonne; 3-months bid price stands at US$ 2056.50 per tonne, 3-months offer price is US$ 2057 per tonne; Dec 19 bid price stands at US$ 2113 per tonne, and Dec 19 offer price stands at US$ 2118 per tonne. The LME aluminium opening stock increased to 1134600 tonnes....
China's inventory of primary aluminium across eight major markets again continued to drop on higher downstream consumption due to falling prices. According to Shanghai Metals Market, inventories of primary aluminium, including SHFE warrants, fell 33,000 tonnes over the week to stand at 1.8 million tonnes as of Thursday July 12. In Wuxi and Jiangsu, the inventory dropped from 772,000 tonnes, as of July 9, to 767,000 tonnes on July 12; in Nanhai and Guangdong, the inventory dropped from 238,000 tonnes, to 228,000 tonnes; in Gongyi and Henan, the inventory stood at 179,000 tonnes on July 12. Other major Chinese cities like Shanghai, Hangzhou and Zhejiang and Linyi and Shandong also registered a little drop in inventories on July 12. More details are given in the table below: In another...
The US dollar index gained 0.66% to close at 94.72 as its inflation data came in stronger than expected. LME aluminium closed Thursday’s trading at US$ 2120.5 per tonne, down from US$ 2140 per tonne in last closing. LME aluminium rebounded to a high of US$2,086 per tonne during the European trading session as market concerns over a trade war eased. However, it met resistance at the closing level on Tuesday, and inched down to close at US$2,060.5 per tonne. We see it hovering weakly at US$2,045-2,075 per tonne today. As on July 11, LME aluminium cash (bid) price stands at US$ 2120 per tonne, LME official settlement price stands at US$ 2120.50per tonne; 3-months bid price stands at US$ 2078 per tonne, 3-months offer price is US$ 2079 per tonne; Dec 19 bid price stands at US$ 2133per tonne,...
Like many other trading allies of the United States, Israel too could not win a reprieve from the US additional tariffs on aluminium and steel imports. In response to this, a group of Israeli manufacturers prompted warnings that this could bring in a “death blow” to local industries. In March, the US President had imposed a 25 per cent tariff on imported steel and 10 per cent on imported aluminium, under a little-used weapon in US trade law declaring that these metal tariffs were meant to protect its domestic producers. So far, only Brazil, South Korea, Australia, and Argentina had been granted a relief from the tariffs. The European Union, Canada, and Mexico, despite being important trading partners of the US, could not win a permanent relief after the expiry of the temporary exemption...
The China market is buzzing with the expectations that primary aluminium prices would stabilize or may increase supported by alumina prices. Meanwhile, anticipation of a growth in aluminium inventory grows amid low seasonal demand and slow pace in re-commissioning of capacity. Shanghai Metals Market expects aluminium prices to remain rangebound in the short term. Average spot price of A00 aluminium ingot in China stands at RMB 13,830 per tonne today, down from RMB 14010 per tonne yesterday. Alumina price stands at RMB 2839 (US$426) per tonne. Australian Alumina FOB price stands at USD 468 per tonne. In another update from SMM, Yingkou Xintai Aluminum has secured permit to commission 322,500 tpy of new primary aluminium capacity in Liaoning province in north China. In the north China...
Despite being placed under U.S. sanction in April, the world’s second biggest aluminium producer Rusal increased its aluminium shipments by 49 percent in June from May, according to news reported by Interfax news agency and published by Reuters. Citing Russian Railways data, Interfax said, Rusal increased aluminium exports to 294,000 tonnes last month, up from 197,000 tonnes of aluminium in May. In the first six months of 2018, aluminium exports totalled 1.27 million tonnes, down 9 percent from the same period the previous year, Interfax said, citing the data. In May, the company restarted the shipment soon after U.S. extended the sanctions deadline further from June 5 to October 23, 2018, for companies to wind down contracts with the Russian firm under US sanctions. Rusal sold a total of...
The US dollar index gained 0.04% to close at 94.09 as the euro weakened. LME aluminium closed Wednesday’s trading at US$ 2140 per tonne, slightly up from US$ 2135.5 per tonne in last closing. LME aluminium tumbled from above the 10-day moving average level to a low of US$2,081.5 per tonne on intensified trade conflicts. Shanghai Metals Market expects it to to trade under pressure at US$2,060-2,085 per tonne today. As on July 10, LME aluminium cash (bid) price stands at US$ 2140 per tonne, LME official settlement price stands at US$ 2140.50per tonne; 3-months bid price stands at US$ 2109 per tonne, 3-months offer price is US$ 2109.50 per tonne; Dec 19 bid price stands at US$ 2152 per tonne, and Dec 19 offer price stands at US$ 2157 per tonne. The LME aluminium opening stock increased to...
Russia’s Minister of Industry and Trade Denis Manturov said on Monday, July 9, that the country plans to increase domestic aluminium demand by 300,000 tonnes in 2018, according to news reported by TASS. "We have about one million [tonnes of aluminium consumed in Russia in 2017 - TASS]. 300,000 tonnes will be added this year," Manturov said. Aluminium consumption in Russia can grow to 2.5 million tonnes in five years. Russia announced last week it would levy additional import duties of 25 to 40 per cent on the US industrial goods, as a retaliatory act against the US tariffs on imported aluminium and steel. Manturov said additional duties on US products will not affect national market. Manturov added: "We proceeded from and prepared the range of products we are manufacturing. Therefore,...
After a continuous downtrend, LME aluminium registered a rise and closed at US$ 2135.5 per tonne on Monday from US$ 2098.5 per tonne in the previous closing. It registered a second consecutive rise last night. It stood firm above the five-day moving average, jumping to a high of US$2,134.5 per tonne with resistance at the 10-day moving average. Aluminium inventory across LME warehouses rose 9,275 tonne to 1.12 million tonne. Shanghai Metals Market sees it trading at US$2,100-2,130 per tonne today. As on July 9, LME aluminium cash (bid) price stands at US$ 2135 per tonne, LME official settlement price stands at US$ 2135.50 per tonne; 3-months bid price stands at US$ 2105 per tonne, 3-months offer price is US$ 2106 per tonne; Dec 19 bid price stands at US$ 2140 per tonne, and Dec 19 offer...
The A00 aluminium ingot spot price continued to rise three days in a row since July 6, 2018, according to the data by Shanghai Metals Market. Today, as of July 10, the ingot price raised RMB 20 per tonne to stand at RMB 14010 per tonne, compared to RMB 13990 per tonne on July 9 after growing from RMB 13910 per tonne, as of July 6. The average price today is expected to range between RMB 13990 per tonne and RMB 14030 per tonne, with spot discounts to settle at RMB 50 per tonne to RMB 10 per tonne. However, not all major Chinese markets witnessed a growth in A00 aluminium ingot spot price, despite a hike in the average price. Only in the north, the ingot spot price registered a rise by RMB 10 per tonne to stand at RMB 14010 per tonne. In the east and south, on the other hand, the aluminium...
Russia declared on Friday, July 6, 2018, that it would levy additional import duties of 25 to 40 per cent on the US industrial goods, as a retaliatory act against the US tariffs on imported aluminium and steel. The economy ministry said Russia would impose tariffs on some goods from the United States for which there are Russian-made substitutes. Those goods include fibre optics and equipment of road construction, the oil and gas industries and metal processing and mining. According to the ministry, these heavy duties are a compensatory measure for US$87.6 million of damage suffered by Russian export companies as a result of the US metal tariffs. The hike will cost an overall US$537.6 million, said the economy ministry, while adding that Russia may impose more such compensatory measures in...
