Al Circle

The image used in this article is generated with an AI tool and does not depict any real-time moment LME aluminium prices declined on August 20 compared with the previous trading day, while exchange stocks remained unchanged. {alcircleadd} The LME aluminium cash bid price stood at USD 3,180 per tonne on August 20, down from USD 3,191 per tonne on August 19, marking a decline of USD 11 per tonne, or 0.34 per cent.

Stock image for referential purposes only MBSB Investment Bank Bhd (MBSB Research) has maintained its BUY recommendation on Press Metal Aluminium Holdings Bhd, although it lowered its target price to MYR 9.56 (USD 2.36) from MYR 9.66 (USD 2.39). The research house expects the company’s low-cost, renewable-powered smelting operations and favourable alumina spreads to continue supporting its margins.

While the traditional summer off-season of 2026 draws to a close, domestic traders' aluminium inventory has successfully dropped below the critical threshold of 900,000 tonnes. This move has completely defied the seasonal pattern of inventory buildup typically seen between June and August, marking a strong counter-seasonal drawdown driven by robust fundamentals.

As industries worldwide look for ways to reduce emissions without compromising competitiveness, the future of industrial heat is becoming a critical question. In this exclusive interview for Mine to Market, Rod highlighted how solar steam could transform energy-intensive alumina refining by replacing fossil-fuel-dependent heat with a more resilient and lower-carbon alternative.

The image used in this article is generated with an AI tool and does not depict any real-time moment Futures: The most-traded SHFE aluminium contract opened at RMB 23,500 per tonne in the night session on August 20, hit a high of RMB 23,615 per tonne and a low of RMB 23,465 per tonne, and closed at RMB 23,520 per tonne, down 0.32 per cent from the previous settlement. Dragged by the LME's breakdown, futures weakened again, trading below all moving averages.

Stock image for referential purposes only The US and Canada are moving closer to a potential trade agreement that could reduce tariffs on certain Canadian aluminium and steel exports to 25 per cent and reduce duties on the non-US content of Canadian automobile exports to 15 per cent. The proposed tariff changes could offer some relief to Canadian exporters while easing cost pressures across highly integrated North American supply chains.

Stock image for referential purposes only Europe is planning a major expansion of domestic solar manufacturing as it seeks to reduce dependence on imported components and build a more integrated regional supply chain. {alcircleadd} Europe's solar industry is entering a new phase of expansion, with manufacturers and investors planning to increase domestic production capacity across the solar value chain.

Calculate Embedded Emissions for Unwrought Aluminium (HS7601) i EU Emissions Trading System Allowances, the price of a CBAM certificate per tCO2e/t EU Carbon price (€/tCO₂e) (EUA Cost) i Verified carbon intensity (tCO₂e per tonne) of the imported product, as certified by EU-approved verification bodies.

Stock image for referential purposes only A leading Chinese aluminium manufacturing group is considering a USD 2 billion investment in Egypt that could create more than 3,000 jobs and support the development of a clean-energy-based industrial complex in the Suez Canal Economic Zone.

The image used in this article is generated with an AI tool and does not depict any real-time moment On July 31, 2026, the European Commission published Implementing Regulation (EU) 2026/1740, correcting a number of default values, production-route indicators and product-code entries under the Carbon Border Adjustment Mechanism (CBAM). The corrections apply retroactively from January 1, 2026, meaning affected importers may need to revisit calculations already made for 2026 transactions.