Saudi Arabia’s domestic aluminium demand could rise to 1.8 million tonnes a year by 2030, up from around 1 million tonnes currently, according to Maaden’s executive vice president for aluminium, Ahmad al-Alshaikh. He expects that demand could potentially double over the next five to seven years. Speaking at the Fastmarkets International Aluminium Conference in Budapest on Wednesday, al-Alshaikh said demand could potentially reach between 1.6 million and 1.8 million tonnes by the end of the decade. Al-Alshaikh linked the expected growth to construction activity in Saudi Arabia, including projects connected with the country hosting major expositions and the 2034 FIFA World Cup. The tournament is expected to require 15 new stadiums, adding to demand for aluminium and other materials. Maaden...
The most-traded SHFE aluminium 2610 contract closed at RMB 24,260 per tonne, up RMB 125 from yesterday's settlement price, a gain of 0.52 per cent. It opened at RMB 24,250 per tonne and fluctuated within a range of RMB 24,215-24,305 per tonne. Prices traded above the MA5 (24,165.00), MA30 (24,081.00), and MA60 (23,639.83), but below the MA10 (24,304.50). The short-term rebound structure continued, the consolidation pattern remained unchanged, and the MA10 formed key resistance pressure. The MACD DIF (120.8149) was below the DEA (145.2690), and the MACD green bar stood at -48.9082. Bullish momentum remained weak. The suggested core trading range for SHFE aluminium is RMB 23,800-24,650 per tonne. The LME aluminium 3M contract closed at USD 3,249 per tonne, down 0.82 per cent. It opened at...
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India and the United Kingdom have unveiled a new trade pact poised to open fresh avenues for India's mineral sector, particularly aluminium. The pact called CETA (Comprehensive Economic and Trade Agreement) is expected to enhance market access and competitiveness, setting the stage for strategic collaborations and export opportunities. For industry stakeholders and observers alike, this marks a potentially transformative moment worth exploring further. What is the CETA pact all about? Once which started back in January 2022 and finalised on May 6, 2025 has been finally inked on July 27, 2025, the India–UK CETA pact is hailed as a historic step to boost jobs, exports and growth. The pact grants duty-free access to about USD 6.5 billion worth of Indian exports to the UK, covering textiles,...
Do you know that recycling a single tonne of aluminium can prevent up to 9 tonnes of CO2 emissions compared to the production from raw materials? As the race toward net-zero accelerates, recycled aluminium has moved from the sidelines to become a cornerstone of a resource-efficient, low-carbon future. In fact, a lot of primary aluminium producers and smelters are now investing more in the secondary aluminium business. Why are primary smelters investing more in secondary aluminium? The secondary aluminium market, long led by specialised players such as Novelis, Real Alloy, and regional recyclers, is undergoing a profound transformation. Major primary producers, including EGA, Ma'aden, Hydro, Rio Tinto, and others, are stepping into the arena, strengthening their foothold through greenfield...
Starting May 31, 2025, the electricity prices for newly commissioned renewable energy projects in China will be entirely determined by competitive bidding, with government subsidies being completely phased out. Key policy elements Full market integration: All renewable electricity will be traded in the market, with no mandatory purchase requirements for power grids. Subsidy elimination: Government subsidies will be phased out. Dual-track mechanism: A "market-based pricing + price difference settlement" model will be adopted to ensure stable revenues for renewable energy projects. Four key Q&As: 1. Why is renewables full marketisation five years ahead of schedule? Capacity milestone: China hit its 2030 wind and solar power installed capacity target six years early, with renewables...
What could be a viable solution for the United States to meet its current aluminium demand when the country is suffering from a domestic primary aluminium production shortage and high import costs due to a 50 per cent tariff on the metal? Recycling it is ! Rightfully, Trond Olaf Christophersen, chief financial officer of Hydro, has pointed out, “If the US administration wants to improve self-reliance on aluminium, the quickest way to do it will be to keep more of the scrap in the US and support recycling capacity.” Recycling – the answer to demand-production mismatch By the end of 2025, the United States primary aluminium demand is projected to reach 4.9 million tonnes. Yet until April 2025, the country’s production stood at only 222,000 tonnes, down by 2.2 per cent from 227,000 tonnes...
India's ADC12 alloy imports saw a sharp downturn in imports during H1CY'25, with volumes slumping 87 percent to 1,511 tonnes (t) from 11,811 t in H1CY'24. Instead, aluminium scrap imports swelled by 9 percent y-o-y to 0.88 million tonnes (mnt) in H1CY'25 from 0.81 mnt in H1CY'24. This growth was largely due to India compensating for the steep reduction in ADC12 alloy imports. BigMint goes behind the scenes. Why did ADC12 alloy imports plummet in H1CY'25? Malaysia, historically India's leading source of ADC12 alloy products, recorded a sharp drop in shipments during H1CY'25. This was the primary contributor to the significantly lower ADC12 imports in H1CY'25. Imports fell by 87 percent to 1,188 t, compared to 9,417 t in H1CY'24. The decline was primarily attributed to delays in obtaining...
Emirates Global Aluminium (EGA), the largest industrial company in the UAE, has recently announced that it has signed an agreement to supply CelestiAL-R billets to Sankyo Tateyama through its strategic partner ITOCHU Corporation. Sankyo Tateyama is a leading Japanese manufacturing company that produces various construction materials for buildings, architectural and industrial applications and housing. The recent announcement of EGA, the world’s biggest ‘premium aluminium’ producer, has made it obvious that the introduction of CelestiAL-R billets would help the company to meet all the rising demands of low-carbon aluminium within extrusion and other applications. The CelestiAL-R billets are a combination of scrap metal along with aluminium produced with solar power. It would help to reduce...
In line with the forecasts indicating tight supply and rising demand in Asian countries, Kedia Advisory reports aluminium prices have increased 0.99 per cent to INR 254.85 (USD 2.90). The supply to the European factories continues to face supply constraints amid sanctions on major producer Russia, while the US enforces a 50 per cent aluminium import levy since June 4 to strengthen domestic smelting capacity and curb import reliance. Although market speculation points to a potential halving of tariffs or a Canada exemption, physical aluminium price premiums continue to trade at elevated levels. The August commodity exchange of aluminium premium surged past 70 cents per pound (USD 1,543 per tonne), reflecting an almost 90 per cent increase since late May, with market sentiment further...
Futures: Overnight, the most-traded AD2511 cast aluminium alloy futures contract opened at RMB 20,175 per tonne, reaching a high of RMB 20,195 per tonne and a low of RMB 20,085 per tonne, before closing at RMB 20,105 per tonne, down RMB 95 per tonne or 0.47 per cent from the previous close. Trading volume stood at 765 lots, with open interest at 8,541 lots, primarily due to bulls reducing their positions. Spot-Futures Price Spread Daily Report: According to SMM data, on August 13, the SMM ADC12 spot price was at a theoretical premium of RMB 165 per tonne over the closing price of the most-traded cast aluminium alloy futures contract (AD2511) at 10:15 a.m. Aluminium Scrap: On Wednesday, the spot price of primary aluminium increased by RMB 120 per tonne from the previous trading day, with...
The global aluminium recycling industry is entering a new phase of accelerated growth, with a projected market value rising from USD107 billion in 2023 to USD160 billion by 2032, according to the latest business market analysis. However, industry insiders warn that high-grade scrap shortages threaten to slow expansion, even as policy, technology, and market forces align in favour of recycled metal. Source: Recycled ALuminium Market Analysis 2032 Recycling: The low-carbon competitive edge Aluminium's unique property of infinite recyclability is giving it a decisive edge in the transition to low-carbon manufacturing. Recycling requires just 5 per cent of the energy used for primary aluminium production and reduces significant CO₂ emissions. Manufacturers' marketing strategies now highlight...
Egypt’s Arab Aluminium Company (AAC), known for manufacturing extruded aluminium profiles for a wide range of industries like industrial and architectural, has reported a steep reversal in fortunes in the first half of 2025. It has moved from healthy profits last year to a net loss after tax of EGP 5.742 million (approximately USD 117,950), according to its latest financial disclosures. The loss per share was EGP 0.14 in the period ending June 2025, as compared to a profit per share of EGP 0.33 (0.0068 USD) in the equivalent period a year earlier. The change followed a difficult start to the year for AAC, where the company had already recorded a Q1 loss of EGP 6 million (USD 120,760), reversing a Q1 2024 net profit of EGP 6.1 million (USD 120,904) Interestingly, the losses occurred...
On Wednesday, August 13, both LME aluminium cash bid price and LME aluminium official settlement price gained USD 22 per tonne or 0.84 per cent and USD 21 per tonne or 0.80 per cent. The prices closed at USD 2,625 per tonne and USD 2,626 per tonne. 3-month bid price and 3-month offer price also added USD 19.5 per tonne or 0.74 per cent to halt at USD 2,629.5 per tonne and USD 2,630 per tonne. December 26 bid price and December 26 offer price hiked by USD 12 per tonne or 0.45 per cent to peg at USD 2,670 per tonne and USD 2,675 per tonne. LME aluminium 3-month Asian Reference Price on the other hand dipped by USD 3.5 per tonne or .13 per cent to reach USD 2,616 per tonne. LME aluminium opening stock came in at 478,625 tonnes. Live warrants and Cancelled warrants stood at 464,400 tonnes and...
Repair work is under way in Bog Walk Gorge, St Catherine, Jamaica, after three alumina-filled cars from a Windalco bauxite train derailed on August 9 at the entrance of the rail tunnel. The cars plunged into the Rio Cobre and knocked down a utility pole, causing major transport and power disruptions. UC Rusal, operator of the Windalco plant in Ewarton, is leading efforts to restore the damaged section of the railway. Immediate disruptions and power outages Due to the derailment, the gorge was temporarily closed, and as a result, vehicular traffic was halted, causing delays throughout St Catherine and neighbouring parishes. Jamaica Public Service (JPS) crews were sent to replace the broken pole and restore electricity to the communities affected. Most of the affected areas have seen power...
Novelis Inc., with its subsidiary Novelis Corporation, is all set to tap into the debt market with USD 750 million senior unsecured notes. To be matured in 2033, these privately placed notes will be made available to the qualified institutional buyers under Rule 144A. International buyers are also eligible for the same under Regulation S, as guaranteed by Novelis and select subsidiaries. With this issuance, Novelis, the leading aluminium rolling and recycling company, plans to allocate the net proceeds acquired from 750 million senior unsecured notes towards strategic economic decisions Repurchasing existing debts : A majority of the proceeds will be used to repurchase the outstanding 3.250 per cent senior notes, which are likely to mature in November 2026. This is likely to be a...
On Tuesday, August 12, Hindalco Industries Limited announced the first quarter results of the financial year 2025-2026, ending June 30. In the report, the company highlighted that both the upstream and the downstream business (India) had recorded stellar performance. Satish Pai, Managing Director, Hindalco Industries, said, "After the record profitability of FY25, Hindalco sustained its growth momentum with a strong first quarter performance, driven by operational efficiencies, cost control, and an enhanced product mix. Aluminium India Upstream business continued to outperform with industry-best EBITDA margins of 44 per cent. Aluminium India Downstream had a stellar quarter and reported its strongest quarterly performance with 2x EBITDA growth." The company struck an upbeat note on rising...
The US aluminium market is navigating a period of shifting dynamics, as scrap recovery rates, rising import volumes, and longer-term supply considerations converge to influence its trajectory. In the first four months of 2025, the US recovered 1.222 million tonnes of aluminium from scrap up 2.7 per cent from 1.19 million tonnes during the same period in 2024. April 2025 marked a downturn in US aluminium scrap recovery, falling 7.4 per cent to 277,000 tonnes from 299,000 tonnes a year earlier. This drop followed two strong months, March saw an 8.3 per cent increase to 327,000 tonnes, while February jumped 9.6 per cent to 321,000 tonnes. January had started the year on a steady note at 297,000 tonnes, just 0.3 per cent higher than in January 2024. Imports of aluminium also saw a notable...
The collective agreement for mines, quarries, and related industries in Guinea will take effect in August, according to a letter dated August 12 from the country's Ministry of Labour and Civil Service to the National Chamber of Mines, local media reported. Rusal Friguia, a bauxite and alumina complex in Guinea owned by Russian aluminum giant Rusal, has recently been affected by a strike triggered by the company's alleged non-compliance with the collective agreement. The strike began in late July and intensified this week amid disputes over working conditions and benefits between Rusal Friguia and its employees. The labour action started on July 28, when more than 100 workers at the Friguia alumina refinery in Friguia Prefecture, Boké Region, took to the streets to protest the company's...
According to SMM survey statistics, the operating rate of the secondary aluminium industry in July 2025 rebounded by 0.7 percentage points M-o-M from June to 42.2 per cent, with a Y-o-Y increase of 2.8 per cent. Orders for secondary aluminium in July performed better than expected. Firstly, orders from sectors such as NEVs and motorcycle parts were robust, supporting orders for some enterprises. Secondly, after the listing of cast aluminium alloy futures, futures and spot traders acquired large quantities of delivery brand or non-delivery brand ADC12, which to some extent hedged against the decline in downstream orders for enterprises and mitigated the fluctuations of traditional peak and off-seasons. Since August, market demand has weakened somewhat, with enterprises focusing mainly on...
Driven by robust aluminium demand across diverse global packaging industries , Novelis, a global leader in aluminium rolling, recycling and sustainable solutions, has reported strong momentum in the aluminium beverage packaging segment. To address this growth trajectory, the company is progressing with capacity expansion at its new Alabama facility, targeting sustainability-led demand in the sector. For the quarter ended June 30, the company reported beverage packaging sales of nearly USD 2.5 billion, marking a year-on-year growth of over 22 per cent. Increased beverage packaging shipments across regions offset declines in automotive and speciality segments, resulting in a total rolled product shipment increase of just over 1 per cent year-on-year. The performance, however, faced pressure...
