
The Aluminum Association of Canada (AAC) welcomes the integration of country of smelt and cast reporting into Canada’s Aluminum Import Monitoring Program (AIM), effective October 1, 2026. This milestone strengthens transparency across aluminium supply chains and equips authorities with better information to monitor trade flows and identify potential circumvention. The new requirements build on Canada’s progressive development of its aluminium import monitoring framework: • September 1, 2019: Canada launched AIM under General Import Permit No. 83, following the Canada–US joint statement on steel and aluminium trade. • Summer 2024: Global Affairs Canada (GAC) consulted stakeholders on collecting and publishing country of smelt and cast information. • July 31, 2025: Under a separate trade...
Futures: SHFE aluminium closed at RMB 23,145 per tonne, edging down 0.19 per cent. Although prices held above MA5 (23,077) and MA10 (23,044), they remained capped by MA30 (23,760) and MA60 (23,767), with the overall market in a consolidation phase following the sharp decline. The MACD indicator's dual lines (DIF=-261.81, DEA=-237.16) operated below the zero axis, with the green bar expanding to -49.29, failing to extend the previous day's bottom divergence repair, indicating fading rebound momentum. Trading volume shrank to 54,800 lots, with market activity turning cautious. The suggested core trading range for SHFE aluminium is 22,700-23,500. LME aluminium closed at USD 3,008 per tonne, edging up 0.07 per cent. Prices barely held above MA5 (3,002.4) but remained pressured by MA10...
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The London Metal Exchange (LME) aluminium price graph contracted on September 10 across cash and contracts, with longer-dated contracts reporting nearly 1 per cent decline. The aluminium opening stocks, however, remained stable. The LME aluminium cash bid price shifted from USD 3,351.5 per tonne on September 9 to USD 3,342 per tonne on September 10, down 0.28 per cent. The LME aluminium cash offer price dipped from USD 3,353 per tonne to USD 3,343 per tonne, easing by 0.3 per cent day-on-day. The LME aluminium three-month bid price closed at USD 3,316 per tonne, compared to USD 3,336 per tonne the previous session, representing a 0.6 per cent decline. The three-month offer price slipped by 0.6 per cent to USD 3,318 per tonne from USD 3,338 per tonne. Continuing the downward trend, the...

Our current approach can win economic skirmishes, but not the geopolitical conflict. – Part 2 Impact #5 of ad hoc industrial policy: Failing to use all required tools Industrial policy is often caricatured as just tariffs and subsidies. Mis-framed debates that evaluate the merits of tariffs in isolation (inevitably concluding against them) are a dime a dozen. But the industrial policy toolbox is much larger, and industrial policy can only be rightly evaluated as the success or failure of an attempt to deploy a package of tools. This includes tariffs, quotas, local-content rules, stage-differential tariffs, procurement requirements, export controls, investment screening, publicly funded R&D, tax credits, loan guarantees, federal equity stakes, technological standards-setting, workforce...

Indiana has emerged as an unlikely flashpoint in the latest round of US-Canada trade friction, after Washington's now-collapsed negotiations with Ottawa briefly put a proposed cut to aluminium tariffs on the table, one that industry advocates say would have hit the state's fabrication workforce hard. Industry veterans argue that Indiana, one of the last significant strongholds of US aluminium manufacturing, had much to lose in a deal that ultimately fell apart. What was on the table As part of the recent US-Canada trade talks, the Trump administration had proposed cutting the tariff on Canadian primary aluminium from 50 per cent to 25 per cent, while also extending a similar cut to fabricated aluminium products. Those talks broke down in late August, prompting Washington to impose fresh...

The LME aluminium price moved higher on September 9 compared with the previous trading day, with cash and three-month aluminium prices recording gains, while total warehouse stocks remained unchanged. On September 9, the LME aluminium cash bid price stood at USD 3351.5 per tonne, up USD 27.5 per tonne, or 0.83 per cent, from USD 3324 per tonne on September 8. The LME aluminium cash offer price rose to USD 3353 per tonne from USD 3325 per tonne, marking an increase of USD 28 per tonne, or 0.84 per cent. The LME aluminium 3-month bid price stood at USD 3336 per tonne on September 9, compared with USD 3318.5 per tonne on September 8, representing a gain of USD 17.5 per tonne, or 0.53 per cent. The 3-month offer price increased to USD 3338 per tonne from USD 3319 per tonne, up USD 19 per...

US primary aluminium production reached 167,000 tonnes in Q1 2026, slightly above a year earlier but 1.2 per cent below the previous quarter. US primary aluminium production remained broadly stable at the start of 2026, with output edging higher from a year earlier even as it slipped slightly from the final quarter of 2025. According to the aluminium supply data provided, US primary aluminium production reached 167,000 tonnes in Q1 2026, compared with 169,000 tonnes in Q4 2025 and 166,000 tonnes in Q1 2025. That translates to a 1.2 per cent quarter-on-quarter decline from Q4 and a 0.6 per cent year-on-year increase from Q1 2025. Production remains broadly stable The quarter-on-quarter decline amounted to just 2,000 tonnes, suggesting that primary aluminium output was largely steady rather...

Our current approach can win economic skirmishes, but not the geopolitical conflict. – Part 1 After decades during which the very concept was taboo and the reality swept under the rug, the US has now rediscovered industrial policy. But this rediscovery remains incomplete, as too much of it is reactive, scattered, and driven by whichever crisis has the attention of the moment. This ad hoc approach can win a few economic skirmishes, but it will not be enough to win Cold War II. Simply scaling up more and more ad hoc policies, the trajectory we are now on, will never produce a coherent strategy. This is because what counts is not the number of policies, their aggregate budget, or even how widespread they are. What counts is whether they fit together, effectively support each other, and serve...

Alcoa Corporation is acquiring South32’s key aluminium assets in a USD 3.1 billion deal in cash plus 17,008,960 Alcoa shares, expanding its upstream aluminium portfolio across Australia, Brazil and South Africa. The transaction will also give South32 and its shareholders an equity interest in the enlarged Alcoa business, while backing South32’s broader shift towards copper and other base metals. The update follows Alcoa’s decision to acquire South32’s aluminium value-chain assets with an implied enterprise value of up to USD 5.6 billion. Under the proposed transaction, South32 will initially receive about 6 per cent of Alcoa’s outstanding common stock. At least half of these shares are expected to be distributed to South32 shareholders through an in-specie dividend. Depending on South32’s...

China’s aluminium industry is running close to its limits in 2026. As Shanghai aluminium prices near a three-month high, historically low raw material costs and strong smelter margins encourage producers to operate at maximum capacity. National aluminium output remains above Beijing’s 45-million-tonne cap, projected to reach 46 million tonnes by the ned of 2026. But with the ceiling still firmly in place, Chinese producers are taking projects overseas to Indonesia, Kazakhstan, Angola and Saudi Arabia, strengthening China’s position in the global aluminium supply chain. Domestic capacity leaves little room to grow In August, Chinese smelters were operating at 99.7 per cent of effective capacity, estimated by AZ Global Consulting at 45.26 million tonnes. This is in line with AL Circle’s...

The London Metal Exchange (LME) aluminium price chart continues to record an upward trend across the pricing and contract segments on the September 8 trading session, reporting gains over the September 7 close . Opening stocks remained stable, not reporting any further decline. The LME aluminium cash bid jumped from USD 3,308 per tonne to USD 3,324 per tonne, rising 0.48 per cent. The offer price moved from USD 3,310 per tonne to USD 3,325 per tonne, increasing by 0.45 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 advanced from USD 3,307 per tonne from USD 3,318.5 per tonne, rising by 0.35 per cent. The offer price surged from...

China exported 626,000 tonnes of unwrought aluminium and aluminium products in August, with shipments up 17.2 per cent year on year despite a 2.6 per cent monthly decline. China's aluminium exports remained firmly above year-earlier levels in August, highlighting continued strength in overseas shipments even as monthly volumes eased from July. According to data from the General Administration of Customs of China (GACC), exports of unwrought aluminium and aluminium products reached 626,000 tonnes in August, down 17,000 tonnes from 643,000 tonnes in July. Despite the monthly decline, August exports were 17.2 per cent higher than the 534,000 tonnes shipped in the same month last year. To know the production, demand and consumption forecasts on bauxite and alumina, explore the report "Global...

The first half (H1) of 2026 witnessed Canada’s exports of unwrought aluminium taking a deep plunge. The country supplied a total of 1.33 million tonnes of aluminium products to the world including unwrought aluminium, bars, rods and profiles, aluminium foil, pipes and tubes, plates, sheets and strips, tubes or pipe fittings and aluminium wire. Out of the grand total, unwrought aluminium occupied the lion’s share or 86.58 per cent, the export volume reaching 1.16 million tonnes. H1 snapshot: 2026 vs 2025 vs 2024 Over the past 2 years, Canada’s unwrought aluminium exports in January-June period have seen a year-on-year dip: 2026 vs 2025: 1.16 million tonnes vs 1.32 million tonnes, down 12.57 per cent Y-o-Y 2025 vs 2024: 1.32 million tonnes vs 1.5 million tonnes, down 12.02 per cent Y-o-Y...

Canada's retaliatory tariffs on US goods, including aluminium and steel products, take effect as Washington intensifies pressure on Canadian industry. Canada is escalating its trade confrontation with the United States, imposing tariffs of up to 50 per cent on US imports worth CAD 27.6 billion (USD 20 billion), including aluminium and steel products, as tensions between Ottawa and Washington deepen. The countertariffs take effect at 12:01 am on Tuesday, following the breakdown of trade talks between the two countries. Canada's Finance Ministry confirmed the measures in response to an enquiry from dpa. The measures cover a broad range of US goods, including steel and aluminium products, household appliances, agricultural equipment, pulp and paper products and electronics. The move follows...

National Aluminium Company Limited (NALCO) has signed a Technology Licensing Agreement with Emirates Global Aluminium (EGA) to deploy EGA’s UAE-developed DX+ Ultra aluminium smelting technology at its proposed 500,000 tonnes per annum (MTPA) brownfield smelter expansion at Angul, Odisha. The agreement was signed in Dubai on September 7, 2026, in the presence of NALCO Chairman-cum-Managing Director Brijendra Pratap Singh and EGA Chief Executive Officer Abdulnasser Bin Kalban. Biju K, Chief General Manager (Projects), signed the agreement for NALCO, while Abdalla Zarouni, Acting Executive Vice President – Midstream, signed on behalf of EGA. NALCO Director (Projects & Technical) Jagdish Arora and Director (Finance) Abhay Kumar Behuria also attended the signing ceremony. To know the...

The London Metal Exchange (LME) aluminium price reported improvements across the pricing and contract segments on the September 7 close, recovering from the downward trend reported at the September 4 session . As the repair and operations stabilise at the facilities of Emirates Global Aluminium (EGA) and Aluminium Bahrain (Alba), the LME aluminium price rally appears to have cooled down . The aluminium inventory, however, continues on a declining graph. Hence, the monthly average of September 2026, hovering around USD 3,284.4 per tonne, has not yet come down to the September 2025 levels around USD 2,653.25 per tonne, reflecting a 23.79 per cent uptick. The LME aluminium cash bid climbed to USD 3,308 per tonne from USD 3,292 per tonne, rising 0.49 per cent. The offer price shifted to USD...

LME aluminium prices edged lower on September 4 compared with the previous trading day, while aluminium stocks also declined marginally. The most notable movement was in cancelled warrants, which fell by more than 38 per cent day on day. On September 4, the LME aluminium cash bid price stood at USD 3292 per tonne, down 0.30 per cent from USD 3302 per tonne on September 3. The cash offer price stood at USD 3292.5 per tonne , compared with USD 3303 per tonne a day earlier, marking a 0.32 per cent decline. The LME aluminium 3-month bid price stood at USD 3292 per tonne on September 4, down 0.33 per cent from USD 3303 per tonne on September 3. The 3-month offer price stood at USD 3293 per tonne, compared with USD 3303.5 per tonne previously, representing a 0.32 per cent decline. Explore- Most...

LME aluminium prices moved higher on September 3 compared with the previous trading day, while exchange stocks edged lower and cancelled warrants recorded a sharper decline. On September 3, the LME aluminium cash bid price stood at USD 3,302 per tonne, up 1.46 per cent from USD 3,254.5 per tonne on September 2. The cash offer price rose to USD 3,303 per tonne from USD 3,255.5 per tonne, marking a 1.46 per cent increase. The LME aluminium 3-month bid price stood at USD 3,303 per tonne on September 3, compared with USD 3,253 per tonne on September 2, an increase of 1.54 per cent. The 3-month offer price rose to USD 3,303.5 per tonne from USD 3,253.5 per tonne, also increasing by 1.54 per cent. Further along the forward curve, the December 27 bid price increased to USD 3,215 per tonne on...

The US Department of Justice has urged a court to dismiss Oklahoma Attorney General Gentner Drummond’s lawsuit filed on the proposed USD 4 billion Oklahoma aluminium smelter, arguing that the project would strengthen national and economic security. The move comes as the joint venture of Emirates Global Aluminium (EGA) and Century Aluminum facility in Inola faces separate legal roadblocks over environmental impacts and federal funding. In court filings, the Justice Department stated the federal government has worked with Oklahoma “to ensure compliance with federal laws” and argued that the project’s environmental concerns should be addressed through the permitting process. Explore- Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to...

Vedanta Aluminium is using artificial intelligence (AI) and other digital tools across its operations as part of its efforts to improve day-to-day decision-making, logistics, safety and equipment monitoring. At BALCO in Korba, Vedanta Aluminium has introduced four AI-enabled Control Towers to keep track of coal transport, finished goods deliveries and ash management. Using GPS, IoT-based tracking, geofencing, video telematics and real-time data, the system helps teams monitor vehicle movement and manage logistics more closely. The company is also using AI in safety training at its Lanjigarh refinery. ‘Aluminati’, an AI-powered robot, provides real-time guidance and multilingual support. This makes safety training easier to understand. The plant also uses a Heavy Motor Vehicle Driver...