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 index weakened and fell below 98 as traders awaited more data to decide whether to add to their bullish positions in the greenback. Most major currencies remained in tight ranges and traded lightly as Japan began its 10-day Golden Week holiday. China will have its Labour Day holiday from Wednesday to Friday. LME base metals ended mixed and aluminium slid 1%. SHFE metals closed higher and aluminium gained 0.2%. As aluminium inventories across LME warehouses expanded some 48,000 tonnes, LME aluminium slid to the lowest since mid-January, at US$1,826 per tonne. It ended lower for the fourth consecutive trading day, at US$1,828 per tonne. It is likely to trade weakly between US$1,810-1,850 per tonne today. As on April 29, LME aluminium cash (bid) price stood at US$ 1815 per...
Qatar Aluminium Manufacturing Company (QAMCO), a successful producer of primary aluminium and one of the largest aluminium smelters in the region, has reportedly announced its financial results for the fourth-month period ended on March 31, 2019. The company announced that its net profit was at QR13.3 million, with earnings per share of QR 0.02. This result predominantly represents the net profit share of QAMCO’s joint venture Qatalum. There were two challenging conditions in the market that primarily affected Qatalum’s performance, said the company itself. The first challenging condition was the increase in the costs of raw materials; particularly the prices of alumina that led to a rise in Qatalum’s operating cost and a decrease in its operating margins substantially during December...
LME aluminium contract closed at US$ 1,832 per tonne on Friday, April 26, down from US$1,852 per tonne on Thursday, April 25. The contract is expected to trade between $1,830-1,870 per tonne today. As on April 26, LME aluminium cash (bid) price stood at US$ 1831.50 per tonne, LME official settlement price stands at US$ 1832 per tonne; 3-months bid price stands at US$ 1848 per tonne, 3-months offer price is US$ 1849 per tonne; Dec 20 bid price stands at US$ 1972 per tonne, and Dec 20 offer price stands at US$ 1977 per tonne. The LME aluminium opening stock stood at 1020875 tonnes. Live Warrants totalled at 642100 tonnes, and Cancelled Warrants were 378775 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1862.79 per tonne. SME and SHFE Aluminium Price Trend The...
Aluminium Bahrain B.S.C. (Alba) is a key sponsor and participant in one of the leading events of the aluminium industry, the CRU’s 24 th World Aluminium Conference. The conference was held from 24 – 26 April 2019 at the Jumairah Carlton Tower, London. More than 210 delegates -- representing 129 companies from 41 countries participated in this year’s conference. Alba’s Marketing Director Boris Santosi, Alba America’s Manager Patrick Hudson, Strategic Supply and Planning Manager Moh’d Khalid and acting Public Relations Manager Abdulla Seyadi represented Alba at this event. Before the event, commenting on Alba’s participation in this Conference, Alba’s Chief Executive Officer, Tim Murray, said: “We look forward to engage with industry experts to effectively address the challenges our...
Canada's Ambassador to the United States David MacNaughton said on Thursday that there is no negotiation going on between the US and Canada over U.S. President Donald Trump's tariffs on Canadian steel and aluminium. He also said that parliament is not likely to approve the USMCA if Trump administration’s tariffs on Canadian aluminium and steel remain in place. Speaking at a U.S. Chamber of Commerce event in Washington, he said that "conversations" have consisted simply of the two countries restating their views. Canada's current Parliament breaks in June for the federal election expected in October. He said that the "conversations" have consisted simply of the two countries reiterating their views. "We're not in active negotiations at the present moment, but we need to get into active...
The A00 aluminium ingot price in China has once again dropped today, April 26, despite a rise in the alumina spot price, Shanghai Metals Market found. Followed by a rise to 6-months high, the ingot price has declined by RMB 60 per tonne to clock at RMB 14,170 per tonne, as of today. The average prices are expected to range between RMB 14,150 per tonne and RMB 14,190 per tonne, while the spot aluminium contract is likely to be traded at the same discount of RMB 30 per tonne to a premium of RMB 10 per tonne. As the decline in aluminium ingot price has touched upon all the major Chinese markets, the price in the south is found sunk by RMB 70 per tonne to RMB 14,180 per tonne while that in the north to the same price after declining by RMB 10 per tonne. The aluminium ingot price in the east...
The greenback on Thursday hit a high of 98.337 against a basket of key rivals, the highest since May 16, 2017. LME base metals closed mixed on Thursday after the US dollar refreshed its highs. LME aluminium dropped 0.7% and SHFE aluminium edged down 0.04%. Three-month LME aluminium came off from earlier highs to close at US$1,858.5 per tonne on Thursday, down 0.69% on the day. Thursday’s declines in LME aluminium was mainly attributed to the build-up of short position. It is expected to trade between US$1,850-1,880 per tonne today. As on April 25, LME aluminium cash (bid) price stood at US$ 1850 per tonne, LME official settlement price stands at US$ 1852 per tonne; 3-months bid price stands at US$ 1861per tonne, 3-months offer price is US$ 1862 per tonne; Dec 20 bid price stands at US$...
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrant, stood at 1.513 million tonnes as of Thursday April 25, Shanghai Metals Market data showed. Inventories in China once again recorded a decline as downstream consumers stockpiled for the upcoming Labour Day holiday. Primary aluminium stocks declined 74,000 tonnes or 4.7 per cent from a week ago. The chart below indicates the current status of primary aluminium inventories across China: Stocks of primary aluminium in Wuxi, Jiangsu stood at 547,000 tonnes, down 25,000 tonnes from 572,000 tonnes on Thursday April 18. Inventories in Shanghai and Nanhai, Guangdong decreased 2,000 tonnes and 28,000 tonnes from Thursday April 18 to stand at 290,000 tonnes and 331,000 tonnes. Inventories of...
The dollar index on Wednesday extended its gains to 98.189; its highest since May 2017, as a surprise drop in German business morale weighed on the euro. With a strong US dollar, LME base metals traded mixed on Wednesday and aluminium fell 0.2%. SHFE aluminium rose 0.6%. Three-month LME aluminium hovered in a wide range and ended 0.24% lower at US$1,871.5 per tonne on Wednesday. LME aluminium remained above the five- and 10-day moving averages. With a robust SHFE counterpart, LME aluminium is expected to rise to a range of US$1,860-1,890 per tonne today. As on April 24, LME aluminium cash (bid) price stood at US$ 1853 per tonne, LME official settlement price stands at US$ 1854 per tonne; 3-months bid price stands at US$ 1871.50 per tonne, 3-months offer price is US$ 1872 per tonne; Dec 20...
According to the latest data showed by International Aluminium Institute (IAI), Global primary aluminium production increased to 5.414 million tonnes in March 2019, from 4.916 million tonnes in February 2019. The figure was up 10 per cent month-on-month. Primary aluminium production came in at 15.741 million tonnes in January to March 2019 as against 15.690 million tonnes in January to March 2018. In Asia ex-China, primary aluminium production stood at 377,000 tonnes in March; in the Middle East, the production declined 2.8 per cent year-to-year to 449,000 tonnes. Europe primary aluminium production totalled at 646,000 tonnes in March, down 1.37 per cent from the corresponding period previous year. North America produced 325,000 tonnes of primary aluminium, up 1.88 per cent year-on-year....
On the first trading day after Easter Monday Holiday on April 23, LME aluminium contract closed higher at US$ 1855 per tonne, from US$1839 per tonne on Friday, April 19. Recent strong performance in SHFE aluminium helped LME aluminium buck the downtrend across nonferrous metals on Tuesday. Three-month LME aluminium closed 0.43% higher at US$1876per tonne, after it climbed to a two-week high of US$1886 per tonne. SMM expects the contract to trade between US$1850-1880 per tonne. As on April 23, LME aluminium cash (bid) price stood at US$ 1854.50 per tonne, LME official settlement price stands at US$ 1855 per tonne; 3-months bid price stands at US$ 1870.50 per tonne, 3-months offer price is US$ 1871 per tonne; Dec 20 bid price stands at US$ 1998 per tonne, and Dec 20 offer price stands at...
The US dollar edged lower against a basket of currencies in poor trades on Monday. The LME was closed for Easter Monday holiday. SHFE aluminium traded higher. The benchmark aluminium price on Shanghai Metal Exchange increased to US$ 2113 per tonne today from US$ 2105 per tonne on April 22. The following graph shows the SME price growth in last one month: Longs bolstered the most-liquid SHFE June contract yesterday. It extended the increase in the afternoon to a high of RMB 14,200 per tonne and closed at RMB 14,190 per tonne. The SHFE June contract then pared some earlier gains to end 0.28% higher at RMB 14,175 per tonne overnight, and buck the downtrend across the nonferrous complex. SHFE aluminium is expected to remain firm today with a trading range of RMB 14,150-14,250 per tonne. Spot...
In an interview with The Economic Times, Nalco Chairman cum Managing Director Dr. Tapan Kumar Chand said that the company's aluminium production is estimated to grow this year by 6 per cent and consumption by 4 per cent worldwide. This shows production will remain ahead of consumption. However, the deficit of around 2 million tonnes last year in global markets will come down to 1 million tonne. Chand pointed out in some countries th aluminium demand is showing sluggishness, while in others, such as the Middle East, the metal demand is seeing a rise. While mentioning about the steady aluminium prices in the past one year, he said the prices have come down from about $2,259 per tonne in the first quarter of 2018-19 to $1,859 per tonne in the last quarter, $400 per tonne less. According to...
Tajik Aluminium Company (Talco), Tajikistan’s flagship aluminium smelter and the backbone of the Tajik economy, will reportedly get a facelift by China’s state-owned engineering company CMEC. According to Talco representative, the refurbishment cost will be around US$545 million. On Friday, May 19, a representative for Talco confirmed to AFP via telephone that "the contract between CMEC (China Machinery Engineering Corporation) and Talco was signed on April 15." However, the details on how Talco would finance the deal are not revealed by the representative yet. Tajikistan’s Talco aluminium smelter is a key industrial asset in an impoverished and mostly agrarian country of 9 million bordering China. Over the past years, the smelter’s annual production found dwindling. In 2018, the...
The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) reported that Iran's major aluminium producers output stood at 301,033 tonnes in the last Iranian year (ended March 20). Aluminium production decreased 11 per cent year-on-year from 337,000 tonnes Iran’s flagship aluminium producer Iran Aluminum Company (IRALCO) accounted for 170,912 tonnes of the total figure. Hormozal Aluminum Company contributed 77,326 tonnes, a 27 per cent drop YOY. Almahdi Aluminum Company contributed 52,795 tonnes, down 14 per cent YoY. Aluminium production during the month to March 20 dropped 42 per cent YOY to16,544 tonnes. Iran has aluminium nameplate capacity of 457,000 tons per year. Aluminium production is expected to reach 1.5 million tons by 2025. Iran is likely to start...
The US dollar index dipped amid the holiday-thin trades, after the release of disappointing US homebuilding data. SHFE base metals rose across the board on Friday night, aluminium advanced close to 0.5%. The London Metal Exchange closed for the Good Friday holiday. As on April 18, LME aluminium cash (bid) price stood at US$ 1838.50 per tonne, LME official settlement price stands at US$ 1839 per tonne; 3-months bid price stands at US$ 1854 per tonne, 3-months offer price is US$ 1854.50 per tonne; Dec 20 bid price stands at US$ 1983 per tonne, and Dec 20 offer price stands at US$ 1988 per tonne. The LME aluminium opening stock dropped to 1053925 tonnes. Live Warrants totalled at 664950 tonnes, and Cancelled Warrants were 388975 tonnes. LME aluminium 3-months Asian Reference Price is...
Vedanta Limited has become the highest aluminium producer in India in FY2019, the data showed after the publication of its production results for the year ended 31st March 2019. Vedanta’s aluminium production stood at 1,959,000 tonnes in FY2019, an increase of 17% year-on-year from 1,675, 000 tonnes in FY2018. It was mostly driven by stabilized production increase after the complete ramp up of Jharsuguda smelters. This has placed Vedanta as the largest aluminium producer in India as the company contributed about 53% of the total aluminium production of about 3.68 million tonnes of aluminium in FY2019. While Nalco produced 440,000 tonnes of aluminium Hindalco is expected to produce about 1.29 million tonnes of aluminium in FY2019. Production from Jharsuguda-I stood at 545,000 tonnes in...
The US dollar rebounded against a basket of foreign currencies on Monday and continued to stay above 97 keeping pressure on LME base metals. Though better-than-expected economic data in China weakened it in the mid-week, strong retail sales and labour data bolstered the US dollar on later. LME aluminium had a flat run over the week. The LME aluminium cash contract started the week flat from last week at US$1843.50 per tonne and continued with a downward trend without much fluctuation. The contract was traded within a tight range of US$1839-US$1844 per tonne over last week closing at US$1839 per tonne on Thursday. On Friday, there was no trading due to Good Friday holiday. 3-months aluminium price ended the week at US$ 1854.50 per tonne. LME aluminium is expected to trade between...
