LME aluminium stocks declined by more than half during the first nine months of 2026, falling by 267,875 tonnes from 509,250 tonnes on January 2 to 241,375 tonnes on September 30 (52.6 per cent). The decline continued throughout the period, with average warehouse inventories falling each month. Compared with the same period in 2025, monthly average stocks were lower across all nine months, with the gap widening in the third quarter. Q1 LME aluminium stocks fall 18.2 per cent LME aluminium inventories continued to decline during Q1 2026. Month-end stocks fell from 495,725 tonnes in January to 465,550 tonnes in February, before dropping further to 416,775 tonnes in March. Monthly average inventories stood at 498,670 tonnes in January, 481,801 tonnes in February and 440,710 tonnes in March....
The London Metal Exchange (LME) aluminium price chart reported declines on the November 10 trading session after a temporary surge at the November 9 close. Both near-term and longer-dated contracts posted over 1 per cent dip over the previous session. The LME aluminium cash bid as well as offer prices contracted 0.32 per cent day-on-day on November 10. The bid shifted from USD 3,145 per tonne to USD 3,135 per tonne. The offer price dipped from USD 3,147 per tonne to USD 3,137 per tonne. 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 price reported a 1.11 per cent decline from USD 3,059 per tonne on November 9 to USD 3,025 per tonne on...
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A unit of China's state-owned aluminum producer Chinalco has delayed a $500 million Hong Kong initial public offering planned for this month till at least June due to the impact of western sanctions on Iran, two sources said on Wednesday. By then, China Aluminum International Engineering's (Chalieco) business contracts with Iran would have expired, smoothing the way for the flotation, the sources, who had direct knowledge of the plans, said. Chalieco is an infrastructure engineering and technology company with operations in over 10 countries, including Iran. The company had hired Morgan Stanley and UBS along with China International Capital Corp to handle the listing. The sequence of events is not entirely clear. IFR, a Thomson Reuters publication, reported over the weekend that mounting...
Japan's aluminium buyers have agreed to an average 8.5 percent hike in premiums for delivery in April to June, the first rise in three quarters, as a decrease in supply tightened the market while domestic demand showed a moderate pick up. After a sharp cutback in production capacity by producers, premiums for spot primary aluminium in Asia rose by almost a third early this month compared to the first week of January, traders said. In Japan, about 80 percent of quarterly primary aluminium deals were set at $121-$122 per tonne over LME cash aluminium prices by the middle of this month, up from around $112 for the current quarter, three traders directly involved in the talks said. At the top end, an official at one big trading house said on Wednesday it had struck a deal at $127. Japanese...
Aluminum traded on the London Metals Exchange jumped around $15 a metric ton in the space of a second as more than 850 contracts were traded. The trades occurred at 11:05 a.m. EDT, and were a combination of several small transactions that were all processed in that time period. Aluminum for three-month delivery, the benchmark contract on the LME, was recently down $2.50, or 0.1%, at $2183.50 a metric ton.
Most Japanese aluminium premiums for the second quarter have been set at $121-122 per tonne, sources said on Wednesday. One large buyer has agreed to $127 a tonne, however, one trade source said.
The government today said that of the 16 Navratna PSUs, only two -- NMDC and National Aluminium Company -- have no regular chairmen in position. "In two Navratna Central Public Sector Enterprises (CPSEs), namely, NMDC and National Aluminium Company, a regular Chairman is not in a position on date," Minister for Heavy Industries and Public Enterprises Praful Patel said in a written reply to the Rajya Sabha. There are 16 Navratna PSUs, including BHEL, GAIL, Power Grid Corporation of India and Neyveli Lignite Corporation. The board of directors of 'Navratna' PSUs can take investment decisions up to Rs 1,000 crore without approval from the government. Replying to another query, Patel said Tyre Corporation of India Limited (TCIL) with a unit in Kankinara West Bengal is being disinvested under...
Undecided over arguments placed by National Aluminum Company (Nalco) and State Pollution Control Board (SPCB) on whether to permit the height increase of the aluminum maker's ash pond tanks, Debi Prasad Mishra, minister of forest and environment of Orissa government has sought an expert committee opinion over the issue. “The minister agreed to have a third opinion from any reputed IIT (Indian Institute of Technology), to be referred by SPCB,” Nalco said in a press note after its discussion with the state government over ash disposal system on Monday. Nalco has been demanding that the state government should grant permission for raising the levels of its ash pond dykes from 107 meter to 110 meter given less available space for disposal, which has been vehemently objected by the SPCB citing...
Rio Tinto has seen "quite a lot" of interest in aluminum operations earmarked for sale last year, despite tough market conditions, and is preparing the estimated $8 billion of assets for a variety of options, including a stock listing. Rio signalled a major retreat from its aluminum business last October when it unveiled plans to sell 13 assets, including smelters and alumina refineries, only four years after buying aluminum giant Alcan in one of the sector's biggest ever deals. "We've had actually quite a lot of trade buyer and private equity interest in these assets, either individually or collectively, so there's no shortage of interest. The question is the right structure and the right value proposition," Rio's Chief Financial Officer Guy Elliott told the Reuters Global Mining and...
Rio Tinto Alcan said it’s no longer pursuing plans to develop an aluminum smelter in Sarawak in Malaysia after failing to reach an agreement on power supplies for the project. “While a great deal of progress was made in negotiations with Sarawak Energy Bhd., agreement on a long-term competitive power supply contract could not be reached,” Rio Tinto Alcan Chief Executive Officer Jacynthe Cote said in a statement today.
The Indian government is actively considering a 10 percent stake sale in state-run National Aluminium Co Ltd (NALCO) as part of its asset sale programme, Junior Finance Minister S.S. Palanimanickam told lawmakers in parliament on Tuesday.
OUTPUT cuts by aluminium companies such as Alcoa, the third-biggest producer, amid tumbling prices will fail to end a world supply glut as their efforts are undone by record levels of Chinese smelting, Citigroup said. Average daily Chinese production is at record levels, while output in the rest of the world is falling. World shipments rose to an average 122,300 tonnes a day in February, the highest since September, the International Aluminium Institute said. Supply will outpace demand for a sixth consecutive year, Citigroup said. ''Daily production rates in the non-Chinese world have been falling but China is more than making up for that,'' said David Wilson, an analyst at Citigroup in London. ''Chinese production will continue to grow. The actual cuts in production haven't significantly...
Alcoa has agreed to keep its Italian smelter running past the planned closure date while it looks for new buyers, the U.S. aluminium company, the Italian Industry Ministry and labour unions said on Tuesday after hours of meetings. Alcoa had planned to close its Portovesme smelter on the island of Sardinia by mid-year as part of efforts to cut global output and costs. The plan has run into fierce opposition from Italy's government, Sardinia's authorities and unions. Under the deal, Alcoa will start the process to shut the smelter on Sept. 1 if there was no letter of intent agreed between Alcoa and an interested party before Aug. 31. If the letter of intent arrives but the sale is not closed by Oct. 31, Alcoa will start shutting the plant from Nov. 1, it said. Shutting the smelter would...
LME aluminum closed down USD 26/mt or 1.18% at USD 2,168.8/mt on Wednesday, amid sharp losses in Asian equity markets and weak US and European economic data. Cautiousness towards heavy selling was seen through a slight drop of 372 lots in transactions. 8,485 contracts were traded during the day. Volatile economic performance has nourished a cautious sentiment among investors. As such, SMM expects LME aluminum to test resistance at the 5-day moving average and move between USD 2,160-2,190/mt as it tries to recover Wednesday losses during today’s trading. The most active SHFE aluminum contract for June delivery is expected to meet stronger pressure at the 5-day moving average and hover between RMB 16,150-16,215/mt. Spot discounts over the SHFE current-month aluminum price are expected to...
It is learned that in order to accelerate the process of industrialization that attract foreign investment has received good results. Several investment companies had moved into industrial park which aluminum alloy project occupied the most. According to the data, the investment of aluminum alloy casting parts in Shanxi Jincheng industrial park has reached to 73.5 billion yuan this year. Aluminum alloy construction project has be the significant support for the industrial economy development in Shanxi province. On the original development foundation aluminium alloy manufacture in Jincheng City will face to broader market demand this year. Scale, intensification and energy conservation has been a must for development, this good development trend will promote the growth of foundry industry...
Aluminum processor Aleris Corp. estimated the size of its initial public offering at 31.25 million shares. The company filed plans last April for an estimated IPO of up to $100 million to fund general corporate purposes, including working capital, capital expenditures, the construction of an aluminum rolling mill in China and funding possible acquisition opportunities. Aleris was formed to acquire the assets and operations of Aleris International, which emerged from bankruptcy in June 2010. The successor company said in Tuesday's regulatory filing it will sell about 9.38 million shares and shareholders will sell the remaining. Aleris International, based in Ohio, filed for Chapter 11 protection in February 2009 after its assets plummeted in value due to falling aluminum prices, which...
Shares of country's second largest aluminium producer Nalco gained about 4 per cent on the BSE, after the government today said it is actively considering disinvestment of 10 per cent stake in the PSU. The company's scrip settled for the day 3.92 per cent higher at Rs 55.70 on the BSE, valuing the company at Rs 14,355 crore. During the day, the stock jumped 4.47 per cent to Rs 56. In terms of volume, about 2.14 lakh shares of the company changed hands on the BSE as compared to its two-week average of 1.04 lakh shares. "The disinvestment of 10 per cent Government of India shareholding in Nalco is under active consideration of the government," Minister of State for Finance S S Palanimanickam said in a written reply in the Rajya Sabha. He added that the draft proposal in this regard has been...
Premiums for P1020 aluminum have continued strengthening this week, as traders reported more deals to consumers and claimed close-freight consumers were not getting their previous discounts. The Platts premium rose another 10 points Tuesday over LME cash, moving to 8.9 cents/lb from 8.8 cents last week. Multiple deals were heard in the market Tuesday, with traders reporting selling to two consumers in the Southeast at a premium of 9.25 cents/lb delivered and a 7.75 cents FOT Southeast. Other traders and producers reported deals last week at a premium of 9-9.5 cents last week. One consumer said P1020 was bought Monday at the 8.8-cent level from a close freight location, while others said they were hearing deals being done between 8.7-9.2 cents. Market participants have said that the small...
LME aluminum settled USD 4.8/mt or 0.22% higher at RMB 2,194.8/mt on Tuesday, as investors confidence cooled following a rebound of the US dollar index to above 79 and as US consumer confidence index came out almost in line with expectation. Profit-taking by shorts still was the major driver of higher prices. SMM expects LME aluminum to test resistance at USD 2,200/mt and move between USD 2,170-2,215/mt during today’s trading. The most active SHFE aluminum contract for June delivery is expected to hover between RMB 16,230-16,275/mt as it stagnates near the 10-day moving average. Spot discounts over the SHFE current-month aluminum price are expected to stay between RMB 20-60/mt as goods holders keep quotations at RMB 16,000/mt, even though deals above the mark will be light with downstream...
In trading on Monday, shares of Noranda Aluminum Holding Corp (NYSE: NOR) crossed above their 200 day moving average of $10.59, changing hands as high as $10.78 per share. Noranda Aluminum Holding Corp shares are currently trading up about 0.9% on the day. The chart below shows the one year performance of NOR shares, versus its 200 day moving average: Looking at the chart above, NOR’s low point in its 52 week range is $6.67 per share, with $17.82 as the 52 week high point — that compares with a last trade of $10.60.
