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Top Stories
Aluminium billet inventory in China hits 5-year high, processing fees rise amid price decline
Primary AL
According to SMM statistics, as of August 20, aluminium billet inventory in China's major consumption areas recorded 143,000 tonnes, with an inventory buildup of 500 tonnes from last Monday and 6,000 tonnes from last Thursday, maintaining a continuous buildup pace. Compared with the same period, total inventory has risen to the highest for the same period in the past five years. From the perspective of warehouse withdrawals, aluminium billet warehouse withdrawals from August ​10 to August 17 ...
Recorp enters Australia with 550m-can capacity, 85% recycled aluminium push
End User
New Zealand-owned aluminium beverage can manufacturer Recorp has entered the Australian market, offering beverage companies access to multiple can formats from its South Auckland manufacturing facility. The company is positioning flexible production, lower minimum order quantities (MOQs) and high recycled aluminium content as key advantages as it targets Australian beverage brands. Recorp will serve Australian customers from its 16,000-square-metre plant in Manukau, South Auckland. The facili ...

Downstream
Vedanta Aluminium, India’s leading aluminium producer, today expanded its automotive solutions portfolio with the launch of two advanced offerings under its best-selling Primary Foundry Alloy (PFA) range. These include the Copper-Doped Alloy, developed for high-performance automotive applications, and the Vedanta Foundry Alloy (VFA), a versatile material for enhanced durability, developed in collaboration with IIT Delhi. The two innovations represent a new frontier in the development of next-g ...
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MBSB retains BUY on Press Metal as 24.3% FY26 earnings growth offsets lower aluminium outlook
Downstream
21 Aug 2026
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. MBSB Research expects LME aluminium prices to average around USD 3000 to USD 3,200 per tonne in the second half (H2) of 2026 as supply di ...
US-Canada trade deal could cut aluminium tariffs to 25%, autos to 15%
Primary AL
21 Aug 2026
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. However, the agreement remains under negotiation, with key details still to be finalised. The po ...
China aluminium stocks fall below 900,000t, defying seasonal norms
Primary AL
21 Aug 2026
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. This rally stands out for its steady upward drift in aluminium prices, while spot premiums/discounts have remained conspicuously unc ...
Macro expectations repeatedly disturb futures, weak expectations for peak season, aluminium prices are under pressure
Primary AL
21 Aug 2026
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. Trading volume shrank in the session, with open interest pulling back slightly, mainly driven by bulls reducing positions. Technically, ...
LME aluminium cash price falls $11/t to $3,180 on August 20, stocks hold at 246,925t
Primary AL
21 Aug 2026
LME aluminium prices declined on August 20 compared with the previous trading day, while exchange stocks remained unchanged.  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. The cash offer price fell to USD 3,182 per tonne from USD 3,191.5 per tonne, down 0.3 per cent. The LME aluminium 3-month bid price declined to USD 3,182 per tonne on August 20 from USD 3,211 p ...
Europe targets 88.2 GW solar manufacturing capacity to reduce reliance on imports
SupplementAL
21 Aug 2026
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. 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. According to the latest Europe Solar Supply Chain Map, Edition 1, 2026, released by Sinovoltaics, Europe's current solar module manufacturing cap ...
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