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...
Grow with
AL Circle
According to the Shanghai Metals Market, A00 aluminium ingot price in China has slipped by RMB 90 per tonne, following a hike last day. Thus, the price has come in at RMB 22,590 per tonne on Wednesday, February 16. The average prices are expected to range between RMB 22,570 per tonne and RMB 22,610 per tonne, with spot contract to be traded at a premium price of RMB 40-0 per tonne. In Chongqing, A00 aluminium ingot price has decreased by RMB 100 per tonne to stand at RMB 22,580 per tonne, followed by the decline of RMB 90 per tonne in Wuxi to RMB 22,590 per tonne. In Hangzhou and Linyi, primary aluminium ingot price has plunged by RMB 85 per tonne and RMB 70 per tonne to close at RMB 22,600 per tonne and RMB 22,640 per tonne, respectively. In Foshan, A00 aluminium ingot price has shrunk...
LME aluminium opened at US$3,223 per tonne on Tuesday and closed at US$3,194 per tonne, down US$34 per tonne or 1.05%. On Tuesday, February 15, LME aluminium cash (bid) price had slumped by US$84 per tonne or 2.54% to score at US$3,221 per tonne. LME aluminium official settlement price has also fallen down by US$83 per tonne or 2.51% to peg at US$3,223 per tonne, for the same day. 3-month bid price and 3-month offer price registered at US$3,194 per tonne and US$3,195 per tonne. December 23 bid price and December 23 offer price came in at US$2,865 per tonne and US$2,870 per tonne. LME aluminium opening stock recorded at 860250 tonnes. Live warrants and Cancelled warrants for the same day closed at 601175 tonnes and 259075 tonnes. LME aluminium 3-month Asian Reference Price totalled at...
Finally, the day is here! AlCircle Expo 2022 goes live today at 11:00 AM GMT. We are thrilled to welcome the global aluminium value chain associates under one roof. AlCircle Expo 2022 is a virtual platform where you can expand your business networks, meet and greet old and new clients, explore new business ideas and share success stories. Experience a real live event at AlCircle Expo 2022. Given below is the final list of exhibitors & sponsors of AlCircle Expo 2021: Hurry up and register yourself for AlCircle Expo 2022, if you still haven’t. Visit https://live.alcircleevents.com/event_registration/23911244/121 and complete your registration to attend the event. Click the link to be a part of the event: https://www.alcircleevents.com/ The goal of the AlCircle Expo 2022 is to virtually...
The largest producer of green metal in India, Vedanta Aluminium Business, has secured 4th rank among global aluminium producers in the Dow Jones Sustainability Index (DJSI) family. The Dow Jones Sustainability Indices is a global benchmark that shadows the performance of the world's leading companies in terms of economic, environmental and social criteria. Moreover, more than 10,000 companies from around the world across various industries undergo annual evaluations of their sustainability practices, which are both industry-specific and financially material, out of which only top-ranked companies within each sector are selected for inclusion in the DJSI family. Rahul Sharma, the CEO of Aluminium Business, while speaking about Vedanta’s vision said, “Vedanta Aluminium’s Dow Jones...
Finally, the wait is over! AlCircle proudly announces its power-packed line-up of the speakers for Day 1, AlCircle Expo 2022. The event will take place between 11 AM to 7 PM (GMT). Get ready to interact with the stalwarts of the industry, listen to their views on the latest aluminium market trend as well use this opportunity to increase your network. Meet the eminent speakers of the Global Aluminium Industry at AlCircle Expo 2022 and get to know more about the current industry insights, which will support shaping up the durable and resilient economic system for the world. Speaker Name : Abhimanyu Prakash, Director, AlCircle Topic : Welcome Note GMT Time : 11:00 AM Speaker Name: Jerome Lucaes, Director of Marketing & Sustainability, RUSAL Topic: Road to net-zero GMT Time: 11:30 AM Speaker...
LME aluminium opened at US$3,189.5 per tonne on Monday and closed at US$3,228 per tonne, an increase of $29 per tonne or 0.91%. On Monday, February 14, LME aluminium cash (bid) price had escalated by US$105.5 per tonne or by 3.29% to close at US$3,305 per tonne. For the same day, LME aluminium official settlement price also surged by US$106 per tonne or by 3.31% to stand at US$3,306 per tonne. 3-month bid price and 3-month offer price pegged at US$3,231 per tonne and US$3,232 per tonne. December 23 bid price and December 23 offer price settled at US$2,897 per tonne and US$2,902 per tonne. LME aluminium opening stock totalled at 868950 tonnes. Cancelled warrant and Live warrant for the same day scored at 267775 tonnes and 601175 tonnes, respectively. LME aluminium 3-month Asian Reference...
After three consecutive hikes from February 5 to February 11, Hindalco Industries Limited slashed its aluminium ingot and aluminium products prices, with effect from Saturday, February 12, in line with the LME aluminium price plunge. With the latest cut, Hindalco’s aluminium ingot price came in at INR 276,000 per tonne, down by INR 7,750 per tonne or 2.73 per cent from INR 283,750 per tonne on February 11. Hindalco’s aluminium wire rod price also nosedived by INR 7,750 per tonne from INR 294,850 per tonne on February 11 to INR 287,100 per tonne on February 12. Aluminium billets price scored at INR 290,100 per tonne as against INR 297,850 per tonne on February 11. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal...
The wait is about to end, and we’re here to remind you that there’s only one day to go to our third virtual event AlCircle Expo 2022 on February 15 & 16, from 11 AM to 7 PM (GMT). We are excited to meet you at the event, an ideal platform to expand business network, explore new business ideas, interact with industry leaders, and bag insightful knowledge. The event is virtual, but the experience will be real! We assure you to have an excellent opportunity to rub your shoulders with exhibitors from the world's leading aluminium companies like NKM Noell, Alba, Mitsui Bussan Commodities, CHALCO, Gouda Refractories, Fives, SECO/WARWICK, Nature Alu, Precimeter, and many others as noted in the below image. You will also be able to meet some of our eminent sponsors at the event: Besides, you can...
LME aluminium opened at US$3,238 per tonne last Friday and ranged between US$3,108-3,240 per tonne before closing at US$3,199 per tonne, a decrease of US$39 per tonne or 1.2 per cent. On Friday, February 11, LME aluminium cash (bid) price slipped by US$112.50 per tonne to come in at US$3,199.50 per tonne, while LME aluminium official settlement price shrank by US$113 per tonne to score at US$3,200 per tonne. 3-month bid price and 3-month offer price plunged by US$107 per tonne to stand at US$3,179 per tonne and US$3,180 per tonne, respectively. December 23 bid price and December 23 offer price also saw a decline of US$46 per tonne to US$2,817 per tonne and US$2,822 per tonne. LME aluminium opening stock totalled 875250 tonnes on February 11. Live warrants increased to 607275 tonnes, while...
The Singapore-based multinational commodity trading giant Trafigura Group Pte Ltd. has delivered a sheer caution for aluminium buyers that extensive dearth of one of the most universally used metals of the world witness to fade away of stockpiles by 2024. Aluminium is a heavily demanded metal after steel, as it is extensively utilized in all means from cans to cars to aeroplanes. The silvery metals demand has escalated as the global economy recoils from the deadly Covid pandemic, whereas an energy supply set back in Europe and China has grooved supply. This has resulted in the prices of aluminium breaking its 13 years record and anticipate of even more gains will add to the trouble of high inflation confronting consumers and central banks. Philippe Mueller, The Head of aluminium trading...
The continuous grievance and follow up which came from the non-power sectors majorly from the aluminium and other manufacturing industry bodies in regards to the continuous challenges of coal supply dearth since August 2021, the Indian state-owned Coal India Limited (CIL) on 12 th February 2021 stated that it will further scale up supplies to this sector. Coal India in a statement said, “Currently supplying around 3.4 Lakh tonnes of coal per day to the non-power sector (NPS) which is the company’s average supply to this segment. With more than 37 million tonnes (MTs) of coal at its pitheads, CIL aims to further step up supplies to this sector.” The Indian aluminium industry and other industry bodies representing fertiliser, textile, sponge iron and captive power producers had written...
This week saw releases of quarterly and full-year operational and financial reports by some leading primary aluminium producing companies like Rusal from Russia, Alba from Bahrain, and NALCO from India. Rusal reported a 1 per cent quarter-on-quarter growth in its aluminium production to 953,000 tonnes in Q4 2021, with Siberian smelters representing 93 per cent of the total output. In full-year, the output stood at 3.764 million tonnes, mostly unchanged compared to 3.755 million tonnes a year ago. To know more: https://www.alcircle.com/news/rusals-aluminium-production-in-4q2021-grows-by-only-1-q-o-q-to-953-000-tonnes-while-sales-volume-hike-8-to-989-000-tonnes-76601 Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter outside China, reported the strongest financial...
The LME aluminium benchmark price continued to trend up throughout the week from Monday, February 7, to Thursday, February 10, to reach a 14-year high. It started the week at US$3,148 per tonne, seeing a rise of US$61 per tonne or 1.98 per cent from the previous day. On Tuesday, February 8, the LME aluminium price surged by US$97 per tonne or 3.08 per cent to settle at US$3,245 per tonne. On February 9, the LME aluminium price inched up by only US$3 per tonne to stand at US$3,248 per tonne but jumped the next day by US$65 per tonne to US$3,313 per tonne. However, on Friday, February 11, the LME aluminium price slipped by US$113 per tonne to close the week at US$3,200 per tonne. 3-month bid price and 3-month offer price increased on Monday by above US$45 per tonne to peg at US$3,110.50 per...
Access World is well-known in the aluminium trade and industry. With its historical expertise and presence in the refined metals industry, they provide global warehousing and logistics services to producers, traders and end-users. Being a key global warehousing and logistics provider in commodities, the combination of offering London Metals Exchange Warehousing and physical distribution provides an important supply chain support role and trade function for this market. Access World regularly ship and distribute refined aluminium, p1020 quality ingots, T-bars and sows but also special products like billets, plates and coils. They also support producers and smelters handling and storing raw materials for production like bauxite and alumina. Access World diversification in the Metals Supply...
Rusal reported a 1 per cent quarter-on-quarter growth in its aluminium production to 953,000 tonnes in Q4 2021, with Siberian smelters representing 93 per cent of the total output. In full-year, Rusal’s aluminium production stood at 3.764 million tonnes, mostly unchanged compared to 3.755 million tonnes in a year ago. Production of Rusal’s aluminium foil and packaging came in at 27,700 tonnes in Q4 2021 versus 27,400 tonnes in Q3, while the output in the entire year totalled 109,000 tonnes, up by 5.2 per cent from 103,000 tonnes. Aluminium sales amounted to 989,000 tonnes in Q4 2021, reflecting an increase of 8.1 per cent from 915,000 tonnes in Q3 2021. In total 12 months, aluminium sales closed the year at 3.904 million tonnes, down by 0.5 per cent from 3.926 million tonnes. Value-added...
Hindalco Industries Limited has further expanded its aluminium ingot and aluminium products prices, in line with a continuous increase in the global aluminium benchmark price. With effect from Friday, February 11, Hindalco’s aluminium ingot price has come in at INR 283,750 per tonne, up by INR 4,600 per tonne from INR 288,350 per tonne on the previous day. Hindalco has also raised its aluminium wire rod and billets prices by INR 4,600 per tonne on February 11. While the former price has pegged at INR 294,850 per tonne versus INR 288,350 per tonne on February 9, the latter is standing at INR 297,850 per tonne compared to INR 291,350 per tonne. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which after...
After the third quarter, analysts kept their 'buy' calls on Hindalco Industries Ltd., noting a surge in aluminium prices, a shift in focus from deleveraging to growth potential, and the addition of Brownfield smelting capacity. In the quarter ended December, India's largest aluminium manufacturer saw its net profit jump 7.5 percent sequentially. Its operational income, on the other hand, fell throughout that time. Novelis, a subsidiary, had its quarterly Ebitda drop as well. Hindalco's stock rose as much as 1.21% before falling down to 0.58% higher at 10:04 a.m. on Friday. According to Bloomberg statistics, 27 of the 28 analysts following the business recommend a 'buy,' while one suggests a 'sell.' The 12-month consensus price goal suggests a 13% gain. The Aditya Birla Group's metals...
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter outside China, has reportedly launched its four-quarter and full-year 2021 financial results, whereby it has declared a profit of BD181.2 million (US$481.9 million) for 4Q2021. That was an increase of 466 per cent from a profit of BD32 million (US$85.1 million) during the same period last year. Gross profit for 4Q2021 was BD215.5 million (US$573.1 million), which reflected a rise of 259 per cent from BD60.1 million (US$159.8 million). Alba also reported that its total comprehensive income during Q4 2021 was BD183million (US$486.7 million), a surge of 455 per cent from BD32.9 million (US$87.8 million) a year ago. For the full-year of 2021, Alba has reported a profit of BD451.9 million (US$1,202 million) in contrast to...
