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LME aluminium cash price rises 0.8% to $3,160/t on November 5 as stocks decline
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...
A turnaround on the balance sheet: Indus Aluminium Recyclers returns to profit
Indus Aluminium Recyclers Limited returned to profitability in the half year ended September 30, 2026, reporting a net profit of INR 1.73 million (USD 18,300), compared with a loss of INR 20 million (USD 211,900) in the corresponding period last year. The turnaround came despite a decline in revenue, as a substantial reduction in reported expenses helped improve the company's financial performance. Revenue from operations slipped to INR 129 million (USD 1.37 million) from INR 134.3 million (USD 1.42 million) in the first half of the previous financial year. However, total expenses declined to INR 129.4 million (USD 1.37 million) from INR 161.7 million (USD 1.71 million), allowing the company to move back into profit. Sharp reduction in other expenses supports profitability The most...
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A report that reveals where the aluminium casting industry is heading and how businesses can act.
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A report that reveals where the aluminium casting industry is heading and how businesses can act.
LEARN MOREGermany-France aluminium FRP trade 2026 at $692m: Two-way exchange of coil, sheet, foil and high-value products
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From raw resources to battery-ready materials: Australia's downstream ambitions take shape
Australia could turn more of its aluminium and copper resources into higher-value battery components, with a new report from national science agency CSIRO identifying opportunities to strengthen the country's domestic battery manufacturing capabilities. The report, The Future of Australian Battery Manufacturing: Cell Cans and Current Collector Foils, examines how Australia could use its existing industrial expertise, materials and manufacturing capabilities to produce key components for lithium-ion and emerging sodium-ion batteries. Rather than focusing solely on the country's critical mineral resources, the analysis explores practical ways to move further downstream and capture more value through local manufacturing. The opportunity comes as global demand for batteries continues to grow,...
A sunnier future for Egyptian aluminium: Egyptalum's aluminium decarbonisation drive advances as Scatec begins 569 MW solar project
Scatec has begun construction of the first phase of a major solar power project that will supply renewable electricity to the Aluminium Company of Egypt (Egyptalum), advancing the Egyptian producer's efforts to reduce the carbon footprint of its aluminium operations. The first phase of the Dandara Solar Power project comprises a 569 MW solar plant supported by a 100-MWh battery energy storage system. The Norwegian renewable energy company has also signed loan agreements to finance the development, which was first announced in 2025. Under a 25-year power purchase agreement, the facility will supply clean electricity to Egyptalum. Once operational, the first phase is expected to generate approximately 1.4 TWh of renewable power annually and avoid more than 550,000 tonnes of carbon dioxide...
NTPC Green Energy targets 60 GW by 2032; 16 GW renewable power hub planned
NTPC Green Energy Limited (NGEL) plans to expand its renewable energy capacity from around 12 gigawatts (GW) to 60 GW by 2032, marking a major step in its clean-energy expansion strategy. The target forms part of parent company NTPC Limited’s broader ambition to reach 149 GW of installed power capacity, supported by renewable energy, thermal expansion and a proposed entry into nuclear generation. The roadmap was outlined by P. Rahul, Deputy General Manager, Business Development – Green Hydrogen at NGEL, during the Bharat Renewable Energy Summit and Expo 2026. Alongside renewable capacity additions, the company is advancing green hydrogen, energy storage and green chemicals projects. To learn about the market potential of aluminium dross, explore "ALuminium Dross Processing: Generation,...
NALCO marks ₹300b Angul aluminium smelter progress with 1 MTPA ramp-up approval
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...
Impact Minerals proposes name change as Lake Hope HPA development advances
Impact Minerals has proposed changing its corporate name to Altrica Advanced Materials as it sharpens its focus on high-purity alumina (HPA) development. The proposed rebranding reflects the company's strategic shift towards its 80 per cent-owned Lake Hope project in Western Australia, which has become its principal priority for management attention and development capital. The name change will require shareholder approval through a special resolution at the company's annual general meeting scheduled for November 30, 2026. The proposal follows an October strategic review that established a clearer direction for the company's HPA activities while separating them from its earlier focus on precious and base metals exploration. Lake Hope remains central to HPA development strategy The Lake...
Canada and China extend aluminum and steel trade deal through 2028, securing Canola market access
Canada and China have extended a bilateral trade arrangement that links Chinese market access for Canadian agricultural products with Canada's access for Chinese steel and aluminum. The decision provides greater certainty for exporters on both sides as Ottawa seeks to expand its trade relationships beyond the United States. The extension, announced on November 4, 2026, will keep the existing arrangement in place until the end of 2028. It comes amid renewed efforts by the two countries to strengthen economic ties and address outstanding trade issues. For the aluminum industry, the agreement offers a clearer timeline for market access, while its agricultural provisions provide Canadian producers with greater predictability in one of their key export markets. Canada-China trade agreement...
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Tesla’s Optimus needs a brain, a battery and a whole lot of aluminium
Tesla's ambitions for its Optimus humanoid robot extend well beyond factory automation, with the company envisioning a future in which robots could support vehicle servicing, logistics and even last-mile delivery. However, turning that vision into a commercially viable product will require more than advances in artificial intelligence and robotics. It will also depend on access to aluminium, critical minerals and the downstream manufacturing capabilities needed to produce increasingly sophisticated hardware at scale. Tesla has already taken an important step towards that ambition. On October 21, 2026, the company announced that Optimus production had begun on its high-volume manufacturing line in Fremont, California. Tesla described the units coming off the line as its first...
India’s PG Foils and Bahrain join hands to build high-value aluminium foil plant
India-based PG Foils Limited plans to establish a downstream aluminium manufacturing facility in Bahrain, focusing on electric vehicle (EV) battery foil and pharmaceutical foil production. The proposed investment is expected to expand the kingdom’s aluminium downstream capabilities and strengthen its manufacturing base. Bahrain’s Ministry of Industry and Commerce signed a letter of intent with PG Foils for the project. The agreement was signed by Industry and Commerce Minister Abdullah bin Adel Fakhro and PG Foils Joint Managing Director Sahil Shah during the fourth edition of the Gateway Gulf expo, which opened on November 1 in Manama. Explore: The most comprehensive and forward-looking industry-focused report – Aluminum Foil Market Report Forecast Till 2035 Hosted by the Bahrain...
Ghana hosts Guinean investor at $17.5b Nyinahin bauxite deposit after RUSAL
Ghana is exploring further foreign investment in its Nyinahin bauxite deposits, with the Ghana Integrated Aluminium Development Corporation (GIADEC) hosting a delegation from Guinea’s ORG Technology at the site on November 1, 2026. The visit took place just three days after Ghana agreed with Russia’s RUSAL to jointly develop part of the same deposit. The delegation was led by GIADEC Deputy Chief Executive Officer Maxwell Essien and included representatives of ORG Technology. Atwima Mponua District Chief Executive Ibrahim Issahak received the team in Nyinahin, in the Ashanti Region. The visit signals interest from another foreign company in a deposit that Ghana has been seeking to develop for several years. However, no details were provided about ORG Technology’s proposed role, whether it...
Tesla’s Optimus needs a brain, a battery and a whole lot of aluminium
Tesla's ambitions for its Optimus humanoid robot extend well beyond factory automation, with the company envisioning a future in which robots could support vehicle servicing, logistics and even last-mile delivery. However, turning that vision into a commercially viable product will require more than advances in artificial intelligence and robotics. It will also depend on access to aluminium, critical minerals and the downstream manufacturing capabilities needed to produce increasingly sophisticated hardware at scale. Tesla has already taken an important step towards that ambition. On October 21, 2026, the company announced that Optimus production had begun on its high-volume manufacturing line in Fremont, California. Tesla described the units coming off the line as its first...
India’s PG Foils and Bahrain join hands to build high-value aluminium foil plant
India-based PG Foils Limited plans to establish a downstream aluminium manufacturing facility in Bahrain, focusing on electric vehicle (EV) battery foil and pharmaceutical foil production. The proposed investment is expected to expand the kingdom’s aluminium downstream capabilities and strengthen its manufacturing base. Bahrain’s Ministry of Industry and Commerce signed a letter of intent with PG Foils for the project. The agreement was signed by Industry and Commerce Minister Abdullah bin Adel Fakhro and PG Foils Joint Managing Director Sahil Shah during the fourth edition of the Gateway Gulf expo, which opened on November 1 in Manama. Explore: The most comprehensive and forward-looking industry-focused report – Aluminum Foil Market Report Forecast Till 2035 Hosted by the Bahrain...
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