South Korea’s Russian aluminium imports reached a record high in 2025, making Russia the country’s largest aluminium supplier for the first time. The sharp increase has strengthened Korea’s dependence on Russian metal even as the US and Europe tighten sanctions against Moscow. The exposure is...
Asia’s alumina exports entered 2026 on a strong footing, with shipments to global markets reaching 7.05 million tonnes worth USD 2.76 billion in H1 2026 , up 27.36 per cent year-on-year . The sharp rise in H1 was driven by a quarter-on-quarter surge by a considerable margin. This indicates an...
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Vedanta Limited delivered its strongest-ever financial performance in FY26, propelled by record earnings across its core businesses, particularly the segments of Aluminium, Oil & Gas and Power. Higher commodity and LME aluminium prices , operational optimisation, production ramp-ups and robust...
According to SMM statistics, as of May 21, aluminium billet inventory across major consumption regions in China totalled 205,500 tonnes, down 28,500 tonnes W-o-W (Thursday), with destocking accelerating. Warehouse withdrawals totalled 55,700 tonnes during May 12-18, an increase of 14,200 tonnes...
Despite April's decline, total imports over January-April rose by 15 per cent on year to 77.68 million tonnes, the GACC data showed. On the demand side, consumption of imported bauxite by the 44 Chinese alumina refiners tracked by Mysteel reached 55.28 million tonnes during the four-month period,...
Aluminum Corporation of China (CHALCO), through its Hong Kong-listed Unit, and its partnering mining company and port company have signed an agreement to amend and restart the Mining Convention with the Guinean Government. It paves the way for the creation of a dedicated project company that will...
Surging aluminium prices driven by the Middle East conflict, fuelled by a tax gap across the Strait of Hormuz, have prompted Chinese producers and traders to ramp up supply of aluminium in processed or semi-fabricated form rather than as ingots. Consequently, China’s aluminium stranded wire exports...
As the ongoing Middle East conflict disrupts aluminium and nickel supply chains, a question mark looms over Asia’s renewable energy ambitions, threatening to raise costs for solar panels, wind turbines and grid infrastructure across the region. Countries including Indonesia, Vietnam and the...
On an on-month basis, last month's output increased by 0.5 per cent from March, Mysteel Global calculated based on the NBS data. Daily production averaged 129,000 tonnes in April, representing a 3.1 per cent increase from the same month last year and a 3.8 per cent rise from March, according to...
S&P Global Ratings has upgraded Vedanta Resources to ‘BB’ with a stable outlook, reinforced by improvement in operating performance, firmer liquidity and consistent deleveraging across the group. S&P highlighted Vedanta’s expanding backward integration in alumina and bauxite, coupled with...
Japan’s aluminium premium has climbed from USD 86 per tonne in Q4 2025 to an average USD 351.5 per tonne (ranging between USD 350-353 per tonne) for Q2 2026 shipments, being the steepest quarterly escalation in more than a decade and the highest level since the USD 380-per-tonne settlements...
On Tuesday, the Government of Haryana passed approval for several primary industrial projects and incentive packages under the Haryana Enterprise and Employment Policy (HEEP) 2020. It aims to reinforce manufacturing capacity, investment, as well as state-wide employment generation across multiple...
China’s East Hope Group, one of the world’s largest aluminium producers, is considering an investment of USD 12.6 billion in Kazakhstan’s bauxite mining and aluminium sector, according to the country’s Ministry of Industry and Construction. The proposal was discussed during talks between Industry...
The Q1 export volume surged by 40.3 per cent from the 1.1 million tonnes Indonesia shipped abroad during the same period in 2025, Mysteel Global noted. Despite the sharp increase in volume, the value of those alumina exports declined by 27.7 per cent on year to USD 513.8 million during the first...
Futures: SHFE aluminium closed at RMB 24,670 per tonne in the night session, up 0.39per cent. The price stood above all moving averages (MA5=24,656, MA10=24,619.5, MA30=24,559.17, MA60=24,351.92), with the moving average system in a bullish alignment. The MACD indicator showed a golden cross with...
Crown Holdings, Inc., an American multinational packaging company, has named Dr John M. Rost as its Executive Vice President and Chief Operating Officer for the Asia Pacific and Transit Packaging. The new appointment will be effective from April 1, 2026. Currently, Dr Rost, for the Asia Pacific...
Demand for synthetic calcium fluoride is increasing as industries need more high-purity materials. It is widely used as a substitute for natural fluorspar and plays an important role in aluminium production. The aluminium industry uses the most synthetic calcium fluoride. It is used as a flux to...
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter on one site, announced the promotion of Shoji Takeuchi to Manager Sales - Asia Pacific, as part of its ongoing efforts to strengthen its presence in high‑growth markets. For the global aluminium value-chain 2026 outlook, book...
The European Bank for Reconstruction and Development (EBRD) is starting with its risk-sharing framework (RSF) throughout Central Asia and Mongolia. As reported by Qazinform News Agency, referencing the Bank’s press service, the initiative will allow EBRD to take on 50 per cent of the credit risk...
The London Metal Exchange (LME) aluminium prices on December 3 have further inched down from the previous close. However, the 3-month Asian Reference Price showed an upward movement. The LME cash bid declined from USD 2,858 per tonne to USD 2,853 per tonne, representing a decline of USD 5 per tonne...
