Primary aluminium imports: According to data from the General Administration of Customs, domestic primary aluminium imports stood at approximately 186,000 tonnes in August 2026, up 0.2 per cent month-on-month and down 14.6 per cent year-on-year. Cumulative domestic primary aluminium imports from January to August 2026 reached roughly 1.657 million tonnes, a year-on-year decline of 3.4 per cent. Primary aluminium exports: Customs data showed domestic primary aluminium exports were around 22,000 tonnes in August 2026, dropping 30.7 per cent month-on-month and 14.7 per cent year-on-year. Cumulative primary aluminium exports between January and August 2026 totalled approximately 168,000 tonnes, representing a year-on-year increase of about 9.3 per cent. Net imports of primary aluminium:...
The London Metal Exchange (LME) aluminium price graph continues to drop across the pricing and contract segments on the September 24 trading session, reporting declines over the September 23 close . The LME aluminium cash bid slumped from USD 3,239.5 per tonne to USD 3,227 per tonne, rising 0.39 per cent. The offer price moved from USD 3,240 per tonne to USD 3,228 per tonne, dropping by 0.37 per cent. Explore- Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The LME aluminium three-month bid contracted from USD 3,258 per tonne to USD 3,252 per tonne, decreasing by 0.18 per cent. The offer price plunged from USD 3,260 per tonne to USD 3,252.5 per tonne, representing a 0.23 per cent...
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The US dollar weakened against its major rivals on Friday as market participants worked through newly-released consumer price data. US and China trade representatives wrapped up two days of talks but failed to reach an agreement. The Trump administration raised the stakes for future negotiations by raising tariffs on $200 billion worth of Chinese imports. Those tariffs "may or may not be removed depending on what happens with respect to future negotiations," Trump tweeted. Base metals mostly ended higher as LME aluminium rose 0.47%. SHFE aluminium increased 0.64%. Lower inventories across LME warehouses and the weaker US dollar buoyed three months LME aluminium to a high of US$1,821 per tonne, and settled it at US$1,810.5 per tonne during Friday night. LME aluminium is expected to trade...
Iran will continue to exports aluminium to its neighbouring countries despite US sanctions, the secretary of Iran Aluminium Industries Syndicate Abolfazl Rezaiee said. On Wednesday, US President Donald Trump signed an executive order imposing sanctions on the Iranian aluminium, iron, steel and copper sectors. The metal sector forms one of Iran’s largest non-petroleum sources of export revenue. He said, “Afghanistan, Turkey and Iraq are our major exports destinations for aluminium and the recent US-led sanctions will have no impact on exports to these countries unless banking difficulties impede us from the set target.” Abolfazl Rezaiee said US sanctions on the country’s metal industry can push the production prices up but the biggest challenge for Iran’s aluminium industry has been...
According to a Platts report, traders in Asia are of the view that the impact of US sanctions on the Iranian copper and aluminium sectors would be minimal on Asia as Iranian exports to the region have been marginal. US President Donald Trump Wednesday signed an executive order imposing sanctions on the Iranian aluminium, iron, steel and copper sectors. The metal sector forms one of Iran’s largest non-petroleum sources of export revenue. Iran has about 487,000 tonnes of primary aluminium capacity. The country’s export revenue from raw aluminium stood at US$144 million according to the latest figures. It also exports aluminium in semi-finished form. However, Iran's aluminium exports have been negligible. In 2018, China imported 160 kg of aluminium foil from Iran. According to the Iranian...
Labour Day holidays in China last week, re-escalations of trade tensions between Washington and Beijing and another LME holiday in the beginning of the week have driven the movements of LME and SHFE aluminium in this week. The US dollar increased on Monday as the cautious stance in the global markets sustained the upside momentum in the greenback, after the US President Donald Trump re-ignited trade effervescence on Sunday. The LME was closed for a bank holiday on Monday and it reopened trading on Tuesday. LME aluminium fell below all moving averages to a low of US$1,796 per tonne last Friday night. After the trading reopened on Tuesday, May 7, Benchmark aluminium price on London Metal Exchange dropped to close at US$ 1767 per tonne from US$ 1783.5 per tonne on Friday, May 3. For the rest...
According to a new data released by the Statistics Centre- Abu Dhabi (SCAD) and published by Emirates News Agency WAM, Abu Dhabi’s trade in aluminium and copper increased 14 per cent year-on-year to AED3.4 billion in the first two months of 2019. Aluminium exports rose 2 per cent to AED1.1 billion in the first two months of 2019, from AED980 million in the first two months of 2018. Aluminium re-exports hit AED16.5 million from AED16 million in the same period last year. Aluminium imports stood at AED65 million in the first two months of 2019 as compared to AED102 million in the first two months of 2018. The centre’s statistics show that Abu Dhabi’s trade in aluminium and copper accounted for 9.5 percent of the emirate's total non-oil trade volume in said month, which totalled AED35.8...
Norsk Hydro ASA’s new President and CEO Hilde Merete Aasheim is of an opinion that the company needs to extend its cost cutting after a production halt in Brazil. She said in a statement, “We’ve been heavily affected by the Brazil situation. The effect of the improvement programs was erased to zero because the volumes fell significantly. We will re-establish the improvement programs, but also accelerate and see what more we can do.” Aasheim also intimidated that federal judge in Brazil would expectedly give final approval to restart the Alunorte refinery. However, the timing remains uncertain. The yearlong 50 per cent production cut at the world’s largest refinery has hurt Hydro’s earnings and weighed on its shares, leading to a drop by about 40 per cent since February 28, 2018. The...
According to a White House Report, the Trump administration announced new sanctions on Iran's metals sectors on Wednesday under International Emergency Economic Powers Act. This is a punitive step against Tehran that has been creating tensions in the Middle East. Trump's executive order has imposed sanctions on the Iranian iron, steel, aluminium and copper industries. The order came after Iran withdrew from parts of a nuclear agreement signed during Obama era. United States withdrew from that deal a year back but Britain, France, Germany, Russia and China are still a part of the deal. “The order takes steps to deny Iran revenue, including revenue derived from the export of products from Iran’s iron, steel, aluminium, and copper sectors, that may be used to provide funding and support for...
The US dollar dropped to the 6-week low against the yen, as risk appetite lowered on most markets amid the US-China trade conflict. Two days of trade negotiations begin in Washington on Thursday and market participants are waiting for a solution. LME base metals declined for the most part while SHFE metals mostly increased. LME aluminium advanced 0.42% and SHFE aluminium jumped 0.21%. LME aluminium continued to regain losses and settled 0.42% higher on the day at US$1,806.5 per tonne after rising to a high of US$1,810 per tonne. The contract is expected to trade at US$1,750-1,850 per tonne today. As on May 9, LME aluminium cash (bid) price stood at US$ 1766 per tonne, LME official settlement price stands at US$ 1766.50 per tonne; 3-months bid price stands at US$ 1798 per tonne, 3-months...
China’s Henan Shenhuo Group announced that it started the construction of an aluminium smelting project investing around RMB 6.75 billion ($996.59 million). The company also said that its new project, located in the southwestern province of Yunnan, would be having an annual capacity of 900,000 tonnes. The expected time to launch the project is in next two years. The first phase will have a capacity of smelting 451,100 tonnes of aluminium per annum. The project is the latest case illustrating Yunnan’s increasing popularity as a location for aluminium smelters in China due to abundant hydropower resources, which is cheaper and cleaner, compared to coal fired power. Henan Shenhuo Group Co., Ltd., together with its subsidiaries, produces aluminium and related products, such as electrolytic...
The prices of aluminium ingot price have extended gain today, May 10, across all major markets in China. Shanghai Metals Markets data shows that A00 aluminium ingot price has increased RMB90 per tonne to RMB14170 per tonne. The average price is expected to range between RMB14150-14190 per tonne. On Friday, 10 May 2019, Foshan aluminium ingot price has increased further to RMB14210 per tonne from RMB14120 per tonne. In Wuxi and Hangzhou market, ingot price rose to RMB14165 per tonne and RMB14175 per tonne. Aluminium ingot price in Chongqing, Shenyang, Tianjin, Linyi and Gongyi stood at RMB14200 per tonne RMB14195 per tonne RMB14160 per tonne RMB14230 per tonne RMB14115 per tonne. Aluminium powder price stood at RMB17.7 per kg, up from RMB17.6 per kg. In another update from SMM, average...
The US dollar rebounded with foreign exchange traders holding off from making big moves as they awaited definitive news out of the trade talks between the US and China which resume on Thursday. Base metals ended mostly lower and LME aluminium fell almost 1.1% and SHFE aluminium closed 0.4% lower. Compared with the SHFE 1906 contract, three months LME aluminium felt a greater impact from macroeconomic pessimism, as it lost 1.05% overnight and finished at US$1,799 per tonne, with a low of US$1,793 per tonne. It is seen trading between US$1,750-1,800 per tonne today. As on May 8, LME aluminium cash (bid) price stood at US$1760.50 per tonne, LME official settlement price stands at US$ 1761 per tonne; 3-months bid price stands at US$ 1798 per tonne, 3-months offer price is US$ 1800 per tonne;...
Primary aluminium inventories in China have recorded further downfall this week ended on May 9 due to limited arrivals and strong demand, found Shanghai Metals Market. This has brought down the stocks to 1.409 million tonnes, down 33,000 tonnes from 1.44 million tonnes on May 5 across eight major consumption areas in China, including SHFE warrants. In Wuxi and Jiangsu, the primary aluminium inventory has dropped by some 11,000 tonnes to stand at 506,000 tonnes; while that in Shanghai, Nanhai and Guangdong, and Gongyi and Henan, the inventories are down by some 7,000 tonnes to hover at 277,000 tonnes, 9,000 tonnes to 310,000 tonnes, and 2,000 tonnes to 99,000 tonnes, respectively. The chart below indicates the current status of primary aluminium inventories across China in more details:...
On May 7, the Aluminum Association released a new policy roadmap called “The Aluminum Agenda” for a sustainable and competitive U.S. Aluminum Industry. The agenda includes principles and policy goals for a U.S. aluminium industry in the 21st century. The document prepared in consultation with the aluminium companies covering the entire value chain has listed down five key areas for the future growth and investment in the U.S. aluminium sector. Trade: Negotiation with China to discuss aluminium overcapacity, elimination of trade restrictions for countries that abide by the trade rules and implementation of trade enforcement for others. Environment: Development of common sense and science-based environmental regulation for air and water quality, chemical reporting and fuel economy standards...
Norway-based aluminium producer Hydro and Germany-based renewable power developer Sowitec have planned to form a joint venture for the development of a large-scale floating solar power project on Lake Tucurui in the state of Pará, Brazil. If realized, the solar plant will produce electricity for Hydro’s operations in Pará, including the alumina refinery Alunorte and the primary aluminium plant Albras, Hydro said through its press release. Courtesy: Hydro “Hydro has a clear strategy to further reduce emissions from our operations. Increasing our use of clean energy is an important contributor to achieving that target,” said executive vice president of Hydro’s Energy business area, Arvid Moss. “If we succeed in realizing this project, it will be an important milestone for floating solar...
Production of primary aluminium in China stood at 11.52 million tonnes for the first four months of 2019, showed Shanghai Metals Market survey. Production dropped 1.42 per cent year-on-year as capacity in operation remained low after losses triggered a slew of capacity cuts from June 2018 to February 2019. China produced 2.89 million tonnes of aluminium in April, a drop of 2.08 per cent from a year earlier. Domestic primary aluminium capacity in operation came in at an annualised 36.23 million tonnes by the end of April, with operating rates averaging 88.8%, inching up 0.3 percentage point from the end of March. China’s primary aluminium production is expected to decline 1.56 per cent year-on-year to stand at 3.03 million tonnes by the end of this month. Social inventories of primary...
The US dollar weakened against the Japanese yen. LME aluminium grew 1.06% and SHFE aluminium finished slightly higher last night. Benchmark aluminium price on London Metal Exchange dropped to close at US$ 1767 per tonne on Tuesday, May 7, from US$ 1783.5 per tonne on Friday May 3. LME aluminium is likely to be traded at US$1,800-1,820per tonne today. As on May 7, LME aluminium cash (bid) price stood at US$ 1766 per tonne, LME official settlement price stands at US$ 1767 per tonne; 3-months bid price stands at US$ 1798 per tonne, 3-months offer price is US$ 1798.50 per tonne; Dec 20 bid price stands at US$ 1918 per tonne, and Dec 20 offer price stands at US$ 1923 per tonne. The LME aluminium opening stock stood at 1263400 tonnes. Live Warrants totalled at 864650 tonnes, and Cancelled...
Metals & mining firm Vedanta Limited announced its audited consolidated results for the fourth quarter (Q4) and full year ended 31 March 2019 (FY2019). For Q4 FY2019, the company reported a attributable Profit after Tax (PAT) before exceptional items and DDT of INR2,615 crore, up 66% quarter-on-quarter. For FY2019, attributable PAT before exceptional items and DDT declined 15% year-on-year to INR6,857 crore. Revenue for Q4 FY2019 stood at INR23,092 crore, down 1% QoQ sequentially on lower commodity prices, rupee appreciation and lower volume at Aluminium and Zinc India business, partially offset by higher sales volume at ESL, Zinc International and Iron ore Karnataka. For FY2019, revenue came in at INR 90,901 crore, lower by 1% YoY. Mr. Navin Agarwal, Chairman Vedanta Limited, said,...
A00 aluminium ingot price recorded an increase of RMB30 per tonne on Wednesday, 08 May 2019 after declining three days in a row. Ingot price increased from RMB14050 per tonne to RMB14080 per tonne. Spot aluminium contract is likely to be traded at a premium of RMB40 per tonne. The price is expected to range at RMB14060-14100 per tonne. Aluminium ingot price in Foshan and Wuxi rose by RMB30 per tonne and RMB25 per tonne to stand at RMB14080 per tonne and RMB14075 per tonne. Their prices are expected to range at RMB14060-14100 per tonne and RMB14070-14080 per tonne. In other major cities like Hangzhou, Tianjin and Linyi, the aluminium ingot price increases by RMB20 per tonne each to stand at RMB14090 per tonne, RMB14100 per tonne and RMB4170 per tonne. Their prices are expected to range at...
