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BRICS challenges EU carbon tax as aluminium trade faces new pressure
22 Aug 20263MINS
Sustainability
BRICS environment and climate ministers have opposed the European Union's Carbon Border Adjustment Mechanism (CBAM), arguing that the carbon levy could create additional trade pressure for developing economies exporting aluminium and other carbon-intensive products to Europe. Environment and climate ministers from BRICS member countries have criticised the EU's Carbon Border Adjustment Mechanism (CBAM), describing it as a unilateral, punitive and discriminatory measure that could act as a tra ...
Nanshan’s alumina sales rise 15%, but profit drops 74.8%
22 Aug 20264MINS
Primary AL
Nanshan Aluminium International sold 15 per cent more alumina in the first half of 2026, but a 39.5 per cent fall in its average selling price drove profit down nearly 75 per cent, showing how quickly a commodity-price downturn can outweigh rising sales volumes. The Hong Kong-listed producer reported revenue of USD 415.0 million for the six months ended June 30, down 30.5 per cent year on year, while profit attributable to shareholders fell 74.8 per cent to USD62.7 million. The company cut it ...

22 Aug 20261MINS
Downstream
This week, China’s social inventory of cast aluminium alloy ingots recorded 28,100 mt, up 2,500 mt WoW, marking the second consecutive week of inventory buildup, with the buildup magnitude further widening from last week. Currently in the demand off-season, downstream purchase willingness is low, and market shipment pace is slow. Meanwhile, periodic increases in spot-futures arbitrage purchases provided some replenishment to inventory. Overall, social inventory still faces buildup pressure in ...
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