According to SMM statistics, as of September 17, aluminium billet inventory in major domestic consumption areas recorded 152,500 tonnes, down 500 tonnes from last Thursday (September 10) and down 5,000 tonnes from this Monday (September 14). The persistent upward trend in inventory since mid-August has shifted slightly, turning into a modest pullback from highs. On a Y-o-Y basis, inventory was approximately 17,500 tonnes higher than the same period in 2025, about 31,000 tonnes higher than 2024, and roughly 61,000 tonnes higher than 2023, with total inventory still at the highest level for the same period over the past four years. From the perspective of warehouse withdrawals, aluminium billet withdrawals during September 7–September 14 recorded 38,900 tonnes, up 2,800 tonnes W-o-W, ending...
Saudi Arabia’s aluminium consumption could climb to as much as 1.8 million tonnes a year by 2030, as the Kingdom ramps up infrastructure and industrial development ahead of the 2034 FIFA World Cup. Ahmad Al-Alshaikh, executive vice president of Maaden’s Aluminum Business Unit, said demand is expected to reach at least 1.6 million tonnes annually by 2030, up from around 1 million tonnes currently. Consumption could potentially double over the next five to seven years, he said. Speaking on the sidelines of the Fastmarkets International Aluminium Conference in Budapest, Al-Alshaikh said construction of 15 new stadiums for the football tournament is helping to support aluminium demand, Reuters reported. Major exhibitions and preparations for the World Cup are also expected to contribute to...
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The oldest communist party of the country, Communist Party of India’s (CPI) general secretary D Raja has delivered a written statement to Prime Minister of India, Narendra Modi appealing him to repeal the Govt. of India’s decision towards privatisation of state-owned integrated aluminium company NALCO. D Raja’s letter quoted, “There is widespread resentment among the workers to the move. We request you to roll back your government's move to privatise the National Aluminium Company Ltd (NALCO). We vehemently oppose the disastrous plan of your government to implement 100% strategic disinvestment in the National Aluminium Company Ltd by way of privatisation.” “NALCO, established in 1981, is a Navaratna company under the Ministry of Mines and has been the topmost Central Public Sector...
The global aluminium giant, Norsk Hydro has reported that one of the four production lines at its part-owned aluminium smelter in Brazil, Albras was shut down on the morning of 19 th February 2022 due to an internal power distribution failure. The power distribution failure appeared within one potline at Albras, which accordingly lead to a shutdown of the affected potline. The potline impacted by the power disruption produces 110,000 tonnes of liquid aluminium annually. However, the other three potlines at Albras were not affected and are functioning normally. Albras Alumínio Brasileiro S.A., the second-largest aluminium producer in Brazil further stated, “It remains too early to assess financial implications from the incident, as well as timing for restart. Albras will investigate the...
The primary aluminium segment of the global aluminium industry has remained quite eventful this week. LME aluminium cash bid price spiked by US$12 per tonne or 0.36% to close at US$3,292 per tonne on 17 th February 2022. India’s NALCO aluminium ingot price has seen a surge of INR 5,400 per tonne to range between INR 280,450-283,950 per tonne. The diversified mining company, South32 booked pretax profit for the six months to December 21, from pursuing operations of $1.46 billion, soaring from just $155 million from the previous year. The CEO of Ghana Integrated Aluminium Development Corporation (GIADEC) stated there has been a significant rise in demand and price of aluminium on the world market. According to the Shanghai Metals Market, China’s aluminium production in January (31 days)...
ALVANCE British Aluminium, a global integrated aluminium business and the international aluminium division of the GFG Alliance, has reportedly received ASI Performance Standard certification with Provisional status for its smelting and casting operation at Lochaber, Scotland. The news came after Aluminium Stewardship Initiative (ASI) announced that it certified ALVANCE for responsible production, sourcing, and stewardship of aluminium. Aluminium slab products manufactured at ALVANCE Lochaber smelter are destined for multiple downstream sectors in the United Kingdom and Europe. The products have a low carbon footprint as the plant is powered by hydroelectricity. The smelting operations at Lochaber have an annual capacity of 50,000 tonnes of primary aluminium. Upon receiving the...
According to the Shanghai Metals Market, China’s aluminium production in January (31 days) 2022 stood at 3.204 million tonnes, 3.6 per cent more month-on-month. The daily average output came in at 103,000 tonnes, up 1,000 tonnes per day from the previous month. In January, the proportion of aluminium and aluminium liquid was about 64.2 per cent, 1.3 per cent less than in December 2021 but 0.8 per cent than in January 2021. The operating capacity of domestic aluminium continued to rise in January 2022, primarily contributed by Yunnan, the east Inner Mongolia, Guizhou, Shanxi and other places. At the end of January, the operating capacity stood at 38.38 million tonnes, an increase of 680,000 tonnes from December. The installed capacity was 43.97 million tonnes. In February (28 days),...
According to the Shanghai Metals Market, A00 aluminium ingot price has continued to grow by RMB 60 per tonne to close the week ending February 18 at RMB 22,720 per tonne. The average prices are expected to range between RMB 22,700 per tonne and RMB 22,740 per tonne, with spot contract to be traded at a premium price of RMB 20-20 per tonne. In Gongyi and Foshan, the primary aluminium ingot price has climbed by RMB 60 per tonne as well to stand at RMB 22,570 per tonne and RMB 22,820 per tonne, respectively, while the price in Wuxi and Hangzhou has expanded by RMB 55 per tonne to settle at RMB 22,710 per tonne and RMB 22,720 per tonne. In Tianjin, A00 aluminium ingot price has gained RMB 40 per tonne to RMB 22,690 per tonne, and the price in Shenyang and Linyi has increased by RMB 30 per...
LME aluminium opened at US$3,250 per tonne on Thursday and closed at US$3,258 per tonne, an increase of US$8.5 per tonne or 0.26%. On Thursday, February 17, LME aluminium cash bid price hiked by US$12 per tonne or 0.36% to close at US$3,292 per tonne. On the other hand, LME aluminium official settlement price also soared up by US$12 per tonne or by 0.36% to peg at US$3,294 per tonne. 3-month bid price and 3-month offer price scored at US$3,240 per tonne and US$3,241 per tonne. December 23 bid price and December 23 offer price recorded at US$2,832 per tonne and US$2,897 per tonne, for the same day. LME aluminium opening stock came in at 855525 tonnes. Live warrants and Cancelled warrants totalled at 566300 tonnes and 289225 tonnes. LME aluminium 3-month Asian Reference Price also closed at...
National Aluminium Company Limited has further expanded its aluminium ingot and aluminium products prices, with effect from Thursday, February 17. The company’s aluminium ingot price has seen a hike of INR 5,400 per tonne to range between INR 280,450-283,950 per tonne. On February 9, the price had witnessed a surge of INR 14,500 per tonne to INR 275050- 278550 per tonne. NALCO’s aluminium wire rod price has experienced no exception but an increase of INR 5,400 per tonne from INR 277,550- 281,900 per tonne on February 9 to INR 282,950-287,300 per tonne on February 17. Aluminium billets price has come in at INR 283,900-286,550 per tonne versus INR 278,500- 281,150 per tonne over a week ago. NALCO links its aluminium ingot and aluminium products prices to the three-month futures of aluminium...
On 17 th February 2022, the mining and metals company, South32 with its headquartered in Perth, Western Australia reported a bumper first half with a 57% rise in revenue propelling profit surge, although the operational challenges remain. The diversified mining company booked pretax profit for the six months to December 21, from pursuing operations of $1.46 billion, soaring from just $155 million from the previous year. This exhibited a 57% jump in revenue to $3.65 billion from $2.32 billion. The Company stated, “South32's operating margin rose to 44% from 24% the year before, thanks to strong production and high operating leverage.” Graham Kerr, the CEO of South32 said, “Our business is in excellent financial health and we have continued to reshape our portfolio, with the planned...
According to the Shanghai Metals Market, social inventories of primary aluminium in China have built-up by 90,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Data shows the inventories have thus, come in at 1.04 million tonnes as of Thursday, February 17, mainly contributed by Wuxi, Gongyi, and Nanhai. Last week, on February 10, China’s primary aluminium inventories stood at 950,000 tonnes, seeing a hike of 84,000 tonnes from the previous week. The chart below indicates the current status of primary aluminium inventories across China in more details: In Wuxi, primary aluminium inventories have increased by 42,000 tonnes on February 17 to come in at 375,000 tonnes, followed by the rise of 24,000 tonnes in Gongyi to 164,000 tonnes. On the other hand,...
On Tuesday, February 15, ASI welcomed Huanghe Xinye Co., Ltd. as its new production and transformation member, making the total count of ASI members to 213. The Yellow River Upstream Hydropower Development Co., LTD is a wholly-owned subsidiary of Huang Hexin Industry Co., LTD, which is also the national electric power investment group co., LTD. The industrial cluster in the Qinghai region, which is extending the industrial chain and is an important project in promoting the coordinated development of industry integration strategy, now has an annual output of 300,000 tonnes of 600,000 tonnes of electrolytic aluminium, carbon capacity, and a total investment of 7.493 billion yuan. The firm began building in March 2008, and the major processes were finished and placed into service in stages...
Hindalco Industries Limited chopped its aluminium ingot and aluminium products prices on Wednesday, February 16, following a hike of INR 9,500 per tonne on the previous day. With effect from February 16, Hindalco’s aluminium ingot price was cut by INR 6,250 per tonne from INR 285,500 per tonne on February 15 to INR 279,250 per tonne. Hindalco’s aluminium wire rod price also saw a slash of INR 6,250 per tonne, with effect from February 16, from INR 296,600 per tonne to INR 290,350 per tonne. Aluminium billets price came in at INR 293,350 per tonne as of February 16 versus INR 299,600 per tonne on the previous day. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which shrank by US$83 per tonne on February...
LME aluminium opened at US$3,191 per tonne on Wednesday, February 16, and closed at US$3,250 per tonne, an increase of US$56 per tonne or 1.75 per cent. LME aluminium cash (bid) price and LME aluminium official settlement price moved up by US$59 per tonne or 1.83 per cent to US$3,280 per tonne and US$3,282 per tonne, following a decline last day, as tensions eased between Russia and US over Ukraine and focus shifted to energy crunch causing smelters shutdowns. 3-month bid price and 3-month offer price also grew by US$46 per tonne and US$47 per tonne to stand at US$3,240 per tonne and US$3,242 per tonne, respectively. December 23 bid price and December 23 offer price stood higher at US$2,910 per tonne and US$2,915 per tonne. LME aluminium opening stock decreased to 857225 tonnes. Live...
Aluminium ingot production in Iran rose 24 per cent during the first ten months of the current Iranian calendar year (March 21, 2021-January 20, 2022) to come in at 453,436 tonnes versus 364,783 tonnes during the same period last year. As was announced earlier by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), aluminium ingot production in Iran rose 61 per cent in the previous Iranian calendar year 1399 (ended on March 20, 2021) to stand at 446,800 tonnes. IMIDRO also showed that among the country’s top producers, Iranian Aluminium Company (IRALCO) had the best performance last year producing 185,000 tonnes of aluminium ingots. During the 12th month last year (February 19-March 20, 2021), aluminium ingot production in Iran reached 41,000 tonnes,...
The apex body representing the entire spectrum of the Indian Aluminium Industry, the Aluminium Association of India (AAI) has solicited the mediation of the Indian state-owned coal mining and refining corporation, Coal India Limited in regards to the continuation of sustainable coal supplies and rakes for aluminium industry-owned captive power plants (CPPs) which are countering unsettlingly exhausted stockpiles of dry fuel of three to four days as compared to the stipulated level of 15 days. On 15 th February 2022, in a letter written to the Chairman of Coal India, AAI stated, “With untiring efforts of CIL and its subsidiaries, the situation of the power sector has now improved significantly with 9-10 days' stocks from as 3-4 days in August-September last year.” The dearth of coal stock...
After a successful Day 1, AlCircle team is ready to welcome you to Day 2 of AlCircle Expo 2022. The event will go live today at 11:00 AM GMT, with a host of esteemed speakers, exhibitors, and sponsors, to make the final day even more eventful. Some of the eminent companies to be present in the final day of the expo are: Alba, NKM Noell, CHALCO, Fives, Mitsui Bussan Commodities, Precimeter, SECO/WARWICK and many others. So, delay no more and register at https://live.alcircleevents.com/event_registration/23911244/121 to grace the expo with your presence. While we create memories together, you are assured to gain insights into the current aluminium market. After all, AlCircle expo aims at bringing aluminium leaders and partners under one digital roof, where they can share business ideas and...
The present global aluminium market progress is predicted to navigate probable dividends of the Volta Aluminium Company (VALCO), as the Ghana government pursues to materialize for reviving the operations of the one-time centrepiece of the nation’s economy. Michael Ansah, the CEO of Ghana Integrated Aluminium Development Corporation (GIADEC) stated, “There has been a significant rise in demand and price of aluminium on the world market.” "The world market today is in deficit in terms of aluminium supply. China and other big markets are demanding aluminium, and that's what is accounting for the upward trend in pricing. With the deficit that is being forecast for the mid-2020s, it positions us to be in a strong place to drive this and because of this, the timing for the development of...
Gear up for Day 2 of AlCircle Expo 2022! After a successful beginning on Tuesday, February 15, Day 2 promises to be more impactful with eminent speakers sharing their thoughts on the aluminium industry, latest market trends and a lot more discussions on multiple aspects covering the metal industry. The event will be taking place between 11 AM to 7 PM (GMT). Here is the list of distinguished speakers of the Global Aluminium Industry for Day 2 at AlCircle Expo 2022. Hear them to know about the industry highlights, which will not only help you in shaping up the future of the metal industry but also enhance your knowledge about the industry. Speaker Name : Shreekant Kulkarni, CEO, Sejal Tecno Topic : Production of green aluminium by using green hydrogen GMT Time : 11:00 AM Speaker Name :...
