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BRICS challenges EU carbon tax as aluminium trade faces new pressure
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%
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 ...

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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Aluminium ingot continue destocking underpins aluminium prices, market worries about weak demand in traditional "peak season"
Primary AL
22 Aug 2026
US retail sales and consumer confidence data weakened in July, and corporate inflation expectations pulled back slightly. Adjustments in overseas US Treasury operations, a consolidating US dollar, and expectations for US Fed interest rate cuts repeatedly disrupted the base metals sector. CME data showed that the market’s mainstream view was that the US Fed was highly likely to keep interest rates unchanged in September–October, while there was still tail risk of further rate hikes. Geopolitic ...
India’s aluminium recyclers face a scrap-supply bottleneck
Recycled AL
21 Aug 2026
India’s rapidly expanding secondary aluminium industry is facing a shortage of domestic scrap, leaving recyclers dependent on overseas suppliers and vulnerable to changing trade policies in major exporting regions. Secondary aluminium production has increased from approximately 0.85 million tonnes in 2015–16 to nearly 2.2 million tonnes  in 2025–26, according to industry estimates cited by the Material Recycling Association of India. The sector now supplies around 35 per cent of India’s alumi ...
Aluminium billet inventory in China hits 5-year high, processing fees rise amid price decline
Primary AL
21 Aug 2026
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
21 Aug 2026
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 ...
Vedanta Aluminium launches advanced metals for automotive industry at AutoEdge 2026
Downstream
21 Aug 2026
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 ...
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 ...
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