Aluminium Premiums
Aluminium gains 1.1% as oil surge drives New Zealand commodity prices
The ANZ World Commodity Price Index rose 0.6 per cent month on month and 1.0 per cent year on year, with prices increasing across most categories. The rise was largely driven by higher energy prices, while a weaker New Zealand dollar pushed the index in local-currency terms up 2.8 per cent. Oil surge lifts aluminium prices along with milk powder Aluminium benefited from supply disruption linked to the Middle East conflict. Prices rose 1.1 per cent during September and are around 23 per cent higher year on year, with production and exports in the region remaining disrupted. Dairy prices increased 1.0 per cent in September, led by skim milk powder. Prices for the product jumped 9.2 per cent month on month and are now 41.1 per cent higher than a year earlier. ANZ said milk powder prices are...
Vedanta Aluminium faces $10/tonne cost rise after Odisha HC ruling: CLSA
CLSA expects the Odisha High Court’s dismissal of Vedanta Aluminium Metal’s bauxite petition to have a muted medium-term impact, despite a potential one-time liability and higher aluminium production costs. The Odisha High Court dismissed Vedanta Aluminium’s petition seeking bauxite supplies from Odisha Mining Corporation (OMC) at the historical rate of INR 1,000 (USD 10.38) per tonne. CLSA said the order could result in a one-time financial impact of up to USD 290 million, including interest, while also increasing the company’s aluminium production costs. The brokerage estimated OMC’s claim for historical dues at around INR 2,500 crore (USD 59.50 million) before tax, excluding interest. Including interest, the one-time impact could reach USD 290 million, equivalent to around 2.8 per cent...
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15th International Bauxite, Alumina & Aluminium Conference & Exhibition - IBAAS–VFMSTA 2026
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15th International Bauxite, Alumina & Aluminium Conference & Exhibition - IBAAS–VFMSTA 2026
ALUMINIUM Arabia 2026
ICSOBA 2026 - 44th International Conference and Exhibition
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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’s aluminium FRP consumption reaches 1.68 Mt as 2025 trade surplus tops $3.1 billion
AL Circle Analysis: Europe’s aluminium scrap curbs, India’s risk and US’s supply opportunity
German downstream aluminium exports fall 13% in H1 2026 but US enters top 5 with 228.1% import surge
Caustic soda plant setup in India: How aluminium growth is reshaping demand, costs and opportunities
News
Gulf production recovery falters, China steps up as OCBC raises aluminium forecast to $3,150
OCBC has raised its end-2026 aluminium price forecast to about USD 3,150 per tonne from USD 3,050, citing a slower-than-expected recovery in Gulf production, although strong Chinese output is expected to continue offsetting supply disruptions. Three-month aluminium on the London Metal Exchange (LME) fell 0.9 per cent month-on-month in September to USD 3,214 per tonne as of September 29, remaining 2 per cent above OCBC’s third-quarter forecast of USD 3,150. The cash-to-three-month spread was broadly unchanged at a USD 7.40-per-tonne contango, compared with USD 7.60 at the end of August. The spread suggests limited urgency for immediate metal supply despite a continued decline in global exchange inventories. Gulf aluminium recovery loses momentum OCBC said aluminium production across the...
There is real tightness of aluminium in Europe, but it is a supply shock rather than a CBAM-driven deficit
Europe’s aluminium market is navigating a new carbon-cost reality as the EU’s Carbon Border Adjustment Mechanism (CBAM) enters its definitive phase. Since 1 January 2026, the policy has brought fresh questions over import costs, domestic versus imported aluminium pricing, low-carbon premiums and changing procurement strategies. In search of these answers, AL Circle has engaged in a candid conversation with Nick Ogilvie, CBAM Lead at CarbonChain, in which he has unpacked how these dynamics are playing out in the market. He explains that while CBAM is designed to close the carbon-cost gap between EU-produced and imported aluminium on direct emissions, its pricing impact remains relatively modest. According to Ogilvie, the current tightness in European aluminium supply is being driven far...
South China A00 aluminium ingot premium expected to ease from highs after national day holiday
In the final three trading days before the National Day holiday, the South China spot market stayed soft: aluminium prices continued to edge lower, the SHFE aluminium backwardation structure strengthened, and premiums over the next-month and far-month contracts were actually elevated. Ahead of the holiday, the willingness to cash out at the high basis was strong, and amid ongoing destocking, discount-priced cargoes still dominated spot circulation; demand was largely subdued, with only localized bargain-hunting replenishment and quite limited buying interest. On the whole, however, the high spot premium for aluminium ingots in South China remained largely intact. As of September 30, the SMM A00 aluminium (Foshan) spot premium over the 2610 contract stood at RMB 260 per tonne, still within...
US-Mexico trade review faces delay, with automotive rules and metal tariffs in focus
The United States and Mexico have postponed their fourth round of trade talks until October, extending uncertainty for North American manufacturers as both governments continue discussions on tariffs affecting automobiles, steel, and aluminum. Mexico’s Deputy Economy Minister for Foreign Trade, Luis Rosendo Gutiérrez, said the meeting would not take place as planned in September because of scheduling conflicts, including Chinese President Xi Jinping’s visit to the United States and the upcoming G20 trade ministerial. A new date has not been announced. Although the formal negotiating round has been delayed, technical coordination between Mexican officials and the Office of the U.S. Trade Representative continues. Mexico is seeking relief from U.S. Section 232 tariffs on steel, aluminum,...
From ACs to TVs, appliance prices in India to rise up to 8% from October 1 as input costs climb
Indian appliance makers are raising prices ahead of the festive season as higher metal, crude-derived and freight costs put pressure on manufacturing expenses. Prices of air conditioners, LED televisions, washing machines and other home appliances in India are set to increase by 5 per cent to 8 per cent from October 1, as manufacturers pass on rising input costs to consumers ahead of the festive season. The increase marks the industry’s third round of price hikes in 2026. Manufacturers have cited higher prices for copper, aluminium, steel and crude oil derivatives, along with increased freight costs and currency volatility linked to the ongoing West Asia crisis. Several companies, including Blue Star, Godrej Appliances, Haier, Daikin and Super Plastronics, have announced or confirmed...
Low-carbon aluminium vs copper: Who is really paying the green premium?
The transition towards lower-carbon manufacturing is changing how companies evaluate aluminium and copper. Beyond availability and technical performance, buyers are increasingly examining the emissions embedded in the metals they purchase and whether reducing that footprint justifies a higher price. While low-carbon aluminium has developed into an established premium market, low-carbon copper remains at a developing stage, raising the loaded question: How much are buyers willing to pay for lower-carbon metal? Explore the production, demand and consumption forecasts of bauxite and alumina in our report: “ Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook ” Why aluminium is further ahead Aluminium has had more time to establish a market for...
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