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Canyon Resources’ Cameroon bauxite project hits funding pause as first shipment timeline withdrawn
Bauxite
Canyon Resources’ Minim Martap bauxite project in Cameroon has hit a fresh financing hurdle after AFG Bank Cameroon suspended further drawdowns under the project’s loan facility, prompting the company to withdraw its previously announced first-shipment timeline. The development comes as Canyon also faces funding constraints linked to the takeover bid from A2MP Investments FZCO. Canyon said its Cameroon-based subsidiary, Camalco Cameroon, received formal notice from AFG Bank that further disb ...
LME aluminium cash offer price rises 1.4%, while opening stocks remain unchanged at 246,925t
Primary AL
LME aluminium prices increased on August 21 compared with the trading day before, however, opening stocks are still unchanged. The LME aluminium cash bid price stood at USD 3,226.5 per tonne on August 21, up from USD 3,180 per tonne on August 20, marking an increase of USD 46.5 per tonne, or 1.5 per cent. The cash offer price rose to USD 3,227 per tonne from USD 3,182 per tonne, up 1.4 per cent. The LME aluminium 3-month bid price increased to USD 3,242 per tonne on August 21 from USD 3,182 p ...

Primary AL
Futures: The most-traded SHFE aluminium 2610 contract closed at RMB 23,835 per tonne, up RMB 215 from yesterday's settlement price, an increase of 0.91 per cent It opened at RMB 23,800 per tonne during the session, fluctuating within a range of RMB 23,705-23,860 per tonne. The price is above MA5 (23,754.00), MA30 (23,620.50), and MA60 (23,637.50) but below MA10 (23,932.50). The medium and long-term moving averages are overall in a bearish arrangement, continuing to press downward, showing a st ...
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Kaiser Aluminum employee passes away following workplace incident at Kalamazoo facility
Downstream
24 Aug 2026
An employee at Kaiser Aluminum’s Kalamazoo facility passed away following a workplace incident, prompting an investigation by the Michigan Occupational Safety and Health Administration (MIOSHA). According to a MIOSHA report, the 43-year-old maintenance technician was welding inside a pneumatically powered scrap chute when the pneumatic clamshell closed, causing injuries that proved fatal. Kaiser Aluminum spokesperson Jill Gaul confirmed the incident and said the company is cooperating with l ...
China EV sales create record-high penetrate rate in Jul
End User
24 Aug 2026
China's automotive industry remained broadly stable in July 2026, though the market entered its traditional off-season, with both month-on-month and year-on-year sales declining. However, the penetration rate of electric vehicles (EVs) hit a record high, with the decline largely driven by conventional fuel vehicles. In July, the auto market entered its traditional off-season, with foot traffic and orders naturally declining. This was compounded by the pull-forward of some demand from mid-year ...
BIS Seizes 2,350 Foil Rolls in Alleged ISI-Mark Compliance Case in Delhi
Downstream
23 Aug 2026
The Bureau of Indian Standards has seized around 2,350 aluminium foil rolls from a unit in Mandoli, northeast Delhi, in an enforcement operation over alleged non-compliance with mandatory quality-certification rules. The search was carried out by BIS’s Ghaziabad Branch Office under Section 28 of the BIS Act, 2016, after the agency received information about possible violations. Officials seized the products for investigation and examined records linked to their manufacture, storage and certif ...
China NEVs Take 63.6% Market Share as Petrol-Car Output Falls 60%
End User
23 Aug 2026
China’s new energy vehicle retail sales declined in the first 16 days of August, but the segment continued to outperform the wider passenger-car market as higher fuel costs weighed more heavily on demand for petrol vehicles. Passenger NEV retail sales reached 399,000 units from August 1 to August 16, down 15 per cent year on year but up 1 per cent from the corresponding period in July, according to the China Passenger Car Association. Overall passenger-vehicle retail sales fell 22 per cent ye ...
Prebaked anode exports show volume-price resilience, regional divergence reshapes landscape
SupplementAL
23 Aug 2026
According to customs data, China's prebaked anode exports in July 2026 totalled 211,700 tonnes, up 21.86 per cent Y-o-Y and down 24.40 per cent M-o-M. In terms of price, the average export price of prebaked anode in July was approximately USD 1,031.80 per tonne, up 24.94 per cent Y-o-Y and up 12.34 per cent M-o-M. From January to July 2026, China's cumulative prebaked anode exports reached 1.5183 million tonnes, up 23.47 per cent Y-o-Y, continuing the expansion trend. Both export volume and av ...
Falling costs coupled with off-season double inventory buildup, adc12 consolidates on a subdued note
Recycled AL
23 Aug 2026
Aluminium scrap: This week, domestic aluminium scrap prices in China followed the primary aluminium pullback, showing a pattern of high-level weakness. However, cost support remained, limiting the decline. On August 20, SMM A00 spot aluminium ingot prices closed at RMB 23,600 per tonne, down RMB 520 per tonne from RMB 24,120 per tonne last Thursday. Dragged down by the fall in primary aluminium  prices, aluminium  scrap prices pulled back, but thanks to cost support and tight supply, the dec ...
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