LME aluminium cash prices recorded an increase on November 5, 2026, with the cash offer price rising by 0.80 per cent day on day to USD 3,160 per tonne from USD 3,135 per tonne on November 4. On November 5, the LME aluminium cash bid price stood at USD 3,158 per tonne, up by 0.75 per cent from USD 3,134.5 per tonne recorded on November 4. The cash offer price increased by USD 25 per tonne. Similarly, LME aluminium 3-month prices moved higher. The 3-month bid price rose by 0.78 per cent to USD 3,097 per tonne on November 5 from USD 3,073 per tonne on November 4. The 3-month offer price increased by 0.76 per cent to USD 3,097.5 per tonne from USD 3,074 per tonne. For December 27 contracts, the bid price advanced by 0.33 per cent to USD 2,997 per tonne on November 5 from USD 2,987 per tonne...
National Aluminium Company Limited (NALCO) is advancing its INR 30,000 crore or INR 300 billion (USD 3.18 billion) aluminium smelter expansion project at Anugola or Angul, Odisha, which is expected to more than double its existing smelting capacity from 460,000 tonnes per annum to approximately 1 million tonnes per annum (MTPA). The Navratna public sector undertaking under the Ministry of Mines has secured key statutory approvals and initiated partnerships and preparatory measures for the project, which is targeted to begin operations in 2030-31. A recent meeting of the Rehabilitation and Peripheral Development Advisory Committee (RPDAC) focused on facilitating land acquisition for the proposed facility and addressing associated compensation and rehabilitation matters. Explore the...
Grow with
AL Circle
The current state of talks to update the NAFTA trade pact is creating uncertainty among businesses and could hurt investments and growth, Rio Tinto Aluminium chief executive Alf Barrios said on Wednesday. Canada and Mexico say several U.S. proposals for modernizing the North American Free Trade Agreement are unacceptable, prompting increasing concern that Washington could walk away from the trilateral deal. Rio Tinto exports 75 percent of the aluminium produced at its Canadian plants to the United States and supplies 30 percent of that market’s needs, Barrios told an evening conference organized by the Canadian-American Business Council. “The negotiation process has created some uncertainty among business on both sides of the border and I think this puts at risk to a certain degree...
After the deep plunge yesterday, average prices of A00 aluminium ingot have seen some rise across all markets today on November 3. The price volatility is mostly attributed to slow downstream demand and growing stocks despite the winter capacity cut programme. Average A00 aluminium ingot price has climbed up to RMB 15,980/t today from RMB 15910/t. The A00 ingot prices are expected to rise above RMB 16,000/t mark again. The rise in aluminium A00 Aluminum prices have continued in all other individual markets in China. A00 ingot prices have registered a drop from RMB 50/t to RMB 80/t across all markets. In the spot market aluminium is trading at a discount of RMB 120-80 /tonne. As observed by Shanghai Metals Market, weak downstream consumption and uncertain production limit policy of Lvliang...
Vedanta Limited announced its unaudited consolidated results for the second quarter ended 30 September 2017. The company reported quarterly aluminium production of 401 thousand tonnes. Vedanta registered strong exit production run rate of 1.6 million tonnes per annum. The net profit (PAT) and revenues stood at INR 2,036 crore and INR 21,520 crore respectively for the quarter ended September, 2017. The company’s EBITDA increased 24 per cent year-on-year to INR 5, 776 crore during the second quarter. The company’s net debt/EBITDA at 0.6x stands among the lowest across in Indian and global peers. Vedanta said its gross debt reduced by INR 11,466 crore since March 31, 2017. Mr. Kuldip Kaura, Chief Executive Officer, Vedanta Ltd, said: “PAT for the quarter was up 41% and EBITDA was up 24%...
LME aluminium remained essentially flat during Thursday’s day trading weighed upon by the supply concerns arising from China’s looming production cuts. After night trading, the light metal contract came down to close at US$2,152 per tonne, from the earlier close of US$2,188 per tonne on Wednesday, November 1. It is expected to pick up momentum not before next week. In the immediate term, LME aluminium is likely to trade in a neutral range. As on November 2, LME official cash buyer aluminium price (Bid Price) stands at US$2,151.50 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,152 per tonne, 3M Bid Price is US$2,166 per tonne, 3M Offer Price is US$2,157 per tonne, Dec1 Bid Price is US$2,213 per tonne, and Dec1 Offer Price is US$2,218 per tonne. LME aluminium...
As updated by Shanghai Metals Market, average Prices of A00 aluminium ingot have plunged significantly across all markets today on November 2 after yesterday’s rise. The price drop is mostly attributed to slow downstream demand and growing stocks despite the winter capacity cut programme. Average A00 aluminium ingot price has dropped RMB 230/t from RMB 16,140/t on November 1 and stood at RMB 15910/t today. After a long time A00 ingot prices have plunged below RMB 16,000/t mark. The drop in aluminium A00 Aluminum prices has continued in all other individual markets in China. A00 ingot prices have registered a drop from RMB 170/t to RMB 220/t across all markets. In the spot market aluminium is trading at a discount of RMB 130-90 /tonne. According to SMM SHFE Aluminium slipped by around half...
UC RUSAL, a leading global aluminium producer, launched a new low carbon aluminium brand that has a low carbon footprint. The company said that “ALLOW will provide consumers and manufacturers alike with confidence that the aluminium used in their products has one of the lowest carbon footprints in the industry.” Vladislav Soloviev, CEO of RUSAL, commented: “The launch of our new low carbon aluminium brand, ALLOW, represents a watershed moment for RUSAL in terms of sales strategy development and work with our customers.” “ALLOW’s carbon footprint is lower than 4t CO2/t Al, while the world average is currently approximately 12t CO2/t Al (scope 1 and 2 at the smelter).” The total expenditure by the company on implementing environmental actions totalled USD119.9 million in 2016. Since 1990,...
LME aluminium has been holding strong and climbed beyond it support level from US$2,140 per tonne on Tuesday, October 31 to US$2,188 per tonne on Wednesday, November1. A break below this level could cause a loss to US$2,125 per tonne in the near term. Positive developments in the LME week are giving support to LME aluminium currently. As per voting results of present participants in LME Week aluminium earned 20 per cent of the votes as the most promising metal in 2018, SMM reported. As on October 31, LME official cash buyer aluminium price (Bid Price) stands at US$2,187 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,188 per tonne, 3M Bid Price is US$2,196.50 per tonne, 3M Offer Price is US$2,197 per tonne, Dec1 Bid Price is US$2,238 per tonne, and Dec1 Offer...
New Zealand's abundant renewable electricity may be the saviour of the Tiwai Point aluminium smelter, attract energy-intensive industries to New Zealand and eventually see electricity exported across the Tasman Sea to Australia, the chair of the Electricity Authority, Brent Layton, says. In a speech to a stakeholder function in Wellington yesterday, Layton said his personal belief is that the Rio Tinto-controlled aluminium smelter would not close "provided the transmission pricing methodology is changed so the smelter pays for the services it receives and the costs of providing those services". The smelter has routinely claimed over the years that its viability is threatened by rising New Zealand power prices and, more recently, by the possible rejection of electricity transmission reform...
As updated by Shanghai Metals Market, primary aluminium output in China reaches 24.66 million tonnes, rising 5% in the first three quarters of 2017. Since September many aluminium enterprises have raised operative capacity based on optimistic anticipation on upcoming peak season of end consumption. However, purchasing is still slow and inventories are piling up again. Average prices of A00 aluminium ingot have seen some rise today on November 1, across all markets after three consecutive falls. Average A00 aluminium ingot price has increased from RMB 16,080/t to stand at RMB 16,140/t today. Other than south China market, aluminium A00 Aluminum prices have registered a rise from RMB 30/t to RMB 50/t across all markets. In the spot market aluminium is trading at a discount of RMB160-120...
LME aluminium held fairly steady at its current level sliding marginally from US$2,143 per tonne on Monday, October 30 to US$2,140 per tonne on Tuesday, October 31. The wave pattern of aluminium prices on LME reveals a support at US$2,148 per tonne. A break below this level could cause a loss to US$2,125 per tonne in the near term. As per voting results of the present participants in LME Week, aluminium accounted for 20 per cent of the votes as the most promising metal which will see a price rise in 2018, SMM reported. As on October 31, LME official cash buyer aluminium price (Bid Price) stands at US$2,139.50 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,140 per tonne, 3M Bid Price is US$2,156 per tonne, 3M Offer Price is US$2,157 per tonne, Dec1 Bid Price is...
European Aluminium, the voice of the entire aluminium value chain, introduced five new member companies during its General Assembly last week, bringing its total membership to over 85 companies and associations representing more than 600 plants in 30 European countries. “I am delighted to welcome the new members and I am certain they will make a tremendous contribution through their participation in our horizontal Committees and Market Groups,” commented Gerd Götz, Director General of European Aluminium. “The addition of new members also means a stronger value chain and industry voice. With EU legislation and global market trends creating both opportunities and challenges, it is now more important than ever to have a collective industry response to address issues in key areas such as...
SMM statistics showed Aluminum stocks in China’s seven major markets rose again as a result of poor downstream consumption after last week’s big fall. Compared to October 27, on October 30, the inventories in China’s major market have seen a rise: As updated by Shanghai Metals Market, average Prices of A00 aluminium ingot have dropped across all markets for three consecutive days. The price drop is mostly attributed to slow downstream demand. Average A00 aluminium ingot price has dropped from RMB 16,120/t to stand at RMB 16,080/t today on October 31. Other than north China market, aluminium A00 Aluminum prices have dropped from RMB 5/t to RMB 40/t across all markets. In the spot market aluminium is trading at a discount of RMB130-90 /tonne. Base metals are split on Monday’s night trading...
December U.S. dollar index traded lower on Monday, October 30, lifting LME aluminium from its last weekend low. The light metal contract edged higher to close at US$2,143 per tonne after yesterday’s night trading, up from US$2,119 per tonne on October 27. Reuters’ technical analysis suggests that LME aluminium may retest a resistance at US$2,196 per tonne, which means, there is a wide room for the contract to rise in the near term. The price wave pattern also reveals a support at US$2,148 per tonne. A break below this level could cause a loss to US$2,125 per tonne. As on October 30, LME official cash buyer aluminium price (Bid Price) stands at US$2,142 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,143 per tonne, 3M Bid Price is US$2,160 per tonne, 3M Offer...
Aluminum maker Norsk Hydro may restart a mothballed Norwegian production line as global metals markets tighten following a Chinese clampdown on pollution, the company’s chief executive told Reuters. Hydro is considering boosting output at its Husnes plant by some 95,000 tonnes per year, raising the smelter’s utilization to its full capacity of about 185,000 tonnes of primary metal per year, Chief Executive Svein Richard Brandtzaeg said. In total, Hydro expects China to cut its aluminum output by some 1.4 million tonnes next year due to stricter environmental measures to curb pollution during winter. “This has a big impact on the supply-demand balance. Not only in China, but the rest of the world,” Brandtzaeg said in an interview at Hydro’s headquarters in Oslo. He said the firm was...
Aluminium Bahrain B.S.C (Alba) presents its financial results for Q3 and 9 months of 2017. The company’s top-line and bottom-line were driven by higher LME prices and the speed recovery of Line 5 operations. The Company reported a total sale of BD 235.3 million (US$ 625.8 million) IN Q3 2017, up 35% YoY from BD 174.3 million (US$ 463.5 million) in Q3 2016. Total Sales for the nine months of 2017 stood at BD 605 million (US$ 1.609 billion), up by 22% YoY, from BD 496.5 million (US$ 1.32 billion) for the same period in 2016. The Company reported a net income of BD 25.8 million (US$ 68.5 million) in Q3, up 80% YoY from BD 14.3 million (US$ 38.1 million) in Q3 2016. For the 9 months of 2017, net income registered 98% increase YoY to BD 69 million (US$ 183.5 million) from BD 34.8 million (US$...
The London Metal Exchange has laid out the timeline for its plans to reform and reverse declining volumes ahead of an annual gathering of the metals industry in London starting Oct. 30. Discussions during LME Week will range from LME fee cuts to new charges on the use of LME prices for over-the-counter (OTC) transactions and new product launches, including for chemicals used in rechargeable batteries to power electric vehicles. The 140-year-old exchange, the world's oldest and the largest industrial metals market, proposed a sweeping reform programme in September. Its volumes fell 4.3 percent in 2015 and 7.7 percent in 2016. Below is a planned timeline with comments from LME Chief Executive Matt Chamberlain. 2017 FEE CUTS The LME cut fees on short-dated carry trades - trades linking...
According to an SMM update, inventories of aluminium on the SHFE in the week ending Oct. 27 stand at 636,270 tonnes, up 20,900 tonnes from last week. A stronger dollar weighed down base metals on last Friday’s night trading and base metals are expected to trade in a wider range in the short term. Average A00 aluminium ingot price dropped from RMB 16,190/t to stand at RMB 16,120/t on October 30 today. A00 aluminium ingot prices across all individual markets have also dropped consequently. In China, on Monday, the most active SHFE aluminium 1711 opened at RMB 16,120/t after closing at RMB 16,195/t on Friday. SHFE aluminium is expected to move within a range of RMB 16,350-16,550/tonne today. SMM also predicts that despite production controls, aluminium market will face no deficit in 2018....
LME aluminium prices slid on Friday, October 27, reversing the uptrend the light metal has been following, as dollar strengthened towards the end of the week. The greenback hit three-month highs after rallying sharply over the last few weeks. LME aluminium closed at US$2,119 per tonne after Friday’s night trading, down from its earlier close at US$2,175 per tonne on October 26. As on October 27, LME official cash buyer aluminium price (Bid Price) stands at US$2,118 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,119 per tonne, 3M Bid Price is US$2,141 per tonne, 3M Offer Price is US$2,142 per tonne, Dec1 Bid Price is US$2,185 per tonne, and Dec1 Offer Price is US$2,190 per tonne. LME aluminium Opening Stock or the LME aluminium inventory level stands at 1196600...
