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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After a jump in stocks raised the chance that supplies are not as tight as anticipated, aluminium prices dipped from their highest levels in more than 13 years on Thursday. On Thursday, February 10, LME aluminium cash (bid) price had increased by US$66 per tonne or by 2.03% to score at US$3,312per tonne. LME aluminium official settlement price had also soared up by US$65 per tonne or by 2% to peg at US$3,313 per tonne. 3-month bid price and 3-month offer price registered at US$3,286 per tonne and US$3,287 per tonne, for the same day. December 23 bid price and December 23 offer price settled at US$2,863 per tonne and US$2,868 per tonne. LME aluminium opening stock totalled at 880975 tonnes. Live warrants and Cancelled warrant came in at 595150 tonnes and 285825 tonnes. LME aluminium...
According to the Shanghai Metals Market, social inventories of primary aluminium have surged by 84,000 tonnes over the past three days across eight major consumption areas in China, including SHFE warrants, to come in at 950,000 tonnes as of Thursday, February 10. On Monday, February 7, the inventories stood at 866,000 tonnes, compared to 726,000 tonnes on January 27. Last week, on February 3, the SMM market was closed for the Chinese New Year holiday. The chart below indicates the current status of primary aluminium inventories across China in more details: Primary aluminium inventories in Wuxi have soared by 48,000 tonnes to come in at 333,000 tonnes, followed by the surge of 23,000 tonnes in Gongyi to hover around 140,000 tonnes. In Nanhai, primary aluminium inventories have increased...
The LME aluminium benchmark price rose slightly on Wednesday, February 9, following four consecutive days of hike from US$3,043 per tonne to US$3,245 per tonne. On Wednesday, February 9, LME aluminium cash (bid) price inched up by US$2 per tonne, while LME aluminium official settlement price gained US$3 per tonne to come in at US$3,246 per tonne and US$3,248 per tonne. 3-month bid price and 3-month offer price jumped by US$30 per tonne to settle at US$3,224.50 per tonne and US$3,225.50 per tonne. December 23 bid price and December 23 offer price totalled at US$2,880 per tonne and US$2,885 per tonne. LME aluminium opening stock further decreased to 761950 tonnes. Live warrants and Cancelled warrants was recorded at 418850 tonnes and 343100 tonnes. LME aluminium 3-month Asian Reference...
National Aluminium Company Limited (NALCO) has hiked its aluminium ingot and aluminium products prices on Wednesday, February 9, in response to the LME aluminium new price high since 2008. NALCO has increased its aluminium ingot price by INR 14,500 per tonne to INR 275050- 278550 per tonne on February 9. Over a week ago, on February 1, NALCO’s aluminium ingot price had seen a slash of INR 4,500 per tonne to INR 260,550-264,050 per tonne. NALCO’s aluminium wire rod price also experienced a surge of INR 14,500 per tonne on February 9 from INR 263,050-267,400 per tonne on February 1 to INR 277,550- 281,900 per tonne. With effect from February 9, aluminium billets price has come in at INR 278,500- 281,150 per tonne, in compare to INR 264,000-266,650 per tonne until the previous day. NALCO...
On Tuesday, February 7, Baise, the leading aluminium-producing Chinese city, reported a surge in local COVID-19 cases for the third straight day and ensuing lockdown, which aggravated worries about supply disruption of the metal. The city of Guangxi, with 3.6 million populations, recorded 64 new confirmed cases on Monday, up from 37 on Sunday and 6 on Saturday, reported National Health Commission. The city has reportedly ordered residents to stay indoors and follow national guidelines to contain local transmission. Restrictions due to the rise in covid cases in Baise have already hit alumina production, while many producers are experiencing transport disruptions, said Antaike, a government-backed consultancy. Concerns about production disarray have also lifted aluminium prices on the LME...
On Tuesday, February 8, LME aluminium cash (bid) price had gone up by US$96.5 per tonne or 3.06% to score at US$3,244 per tonne. For the same day, LME aluminium official settlement price also surged by US$97 per tonne or by 3.08% to peg at US$3,245 per tonne. 3-month bid price and 3-month offer price registered at US$3,194.50 per tonne and US$3,195.50 per tonne. December 23 bid price and December 23 offer price totalled at US$2,843 per tonne and US$2,848 per tonne. LME aluminium opening stock came in at 767700 tonnes. Live warrants and Cancelled warrants was recorded at 418950 tonnes and 348750 tonnes. LME aluminium 3-month Asian Reference Price closed at US$3,179.87 per tonne. SHFE aluminium price On Wednesday, February 9, the benchmark aluminium price for SHFE has ascended by US$82 per...
The global mining and metal giant Rio Tinto, who is the majority owner of Tiwai Point aluminium smelter in New Zealand has shown signs of its desire to keep the aluminium smelter functional beyond 2024, but the major power supplier to NZAS, Meridian Energy denies any discussions over a fresh new agreement. Chris Blenkiron, the CEO of New Zealand Aluminium Smelter (NZAS) sought a definitive avenue to pursue operating and contributing to the local and domestic economies beyond 2024, when the smelter had been programmed to shut down, resulting in the dismissal of 1000 jobs. “We are working closely with Ngāi Tahu, Southland and key industry leaders to find the best way to achieve this,” Blenkiron said. “NZAS also has the potential to play a significant role in helping New Zealand’s...
The year 2022 brings along a new beam of hope and inspiration for the metal industry. With this, team AlCircle is excited to announce the launch of its, “Global Aluminium Outlook 2022,” report. The report highlights the overall performance of the aluminium industry and also gives an idea of how the industry is going to perform for the rest of the year. The report's main goal is to go through the major developments of the year in each sector, to see how each vertical influences the growth or counter-growth of the others. According to the report, in 2021, the global aluminium sector rebounded quickly, with demand for primary and recycled metal increasing by 7.6% to 93.5 million tonnes, up from 86.9 million tonnes in 2020. This rebound may be linked to a comeback of demand in all of the...
On 7 th February 2022, Slovakia’s only primary aluminium producer Slovalco aluminium smelter has announced that it has further slashed its production to around 60% in regards to soaring energy prices, emissions allowances and absence of government compensation. Slovalco mentioned that the axe in production completes as declared on 30 th December, and it might drive through 2022 as it criticized the Slovak government for low compensation for energy-intense industries compared to other EU nations. Norsk Hydro majority-owned stated aluminium producer, Slovalco stated, “Central Europe’s only smelter with an annual capacity of 175,000 tonnes of aluminium products, Slovalco shut 44 pots at the weekend after shutting 47 in late 2021 and now has 135 out of 226 pots in operation.” Milan Vesely,...
The Indian state-owned National Aluminium Company (NALCO) has reported that its consolidated net profit excelled from 246.53% to INR 830.67 crore on an up-rise of 58.62% in net sales to INR 3773.26 crore in Q3 December 2021 in comparison to Q3 December 2020. The Profit before tax elevated 271.47% to INR 1,108.94 crore in Q3 December 2021 as against INR 298.53 crore in Q3 December 2020. Nalco’s outstanding results were streamed by sustained supply of raw material, optimized production, strategic power sourcing especially during the phase of coal crisis, better realization and effective capacity utilization of its operational units. The report revealed that total expenses leapt 29.29% to INR 2,736.12 crore with the cost of materials consumed surging 60.48% to INR 513.85 crore during the...
Three-month LME aluminium opened at US$3,090 per tonne and rose 1.52 per cent to close at US$3,134 per tonne on Monday, January 7. On the same day, LME aluminium cash (bid) price and LME aluminium official settlement price soared up by US$61 per tonne or 1.98 per cent to settle at US$3,147.50 per tonne and US$3,148 per tonne, respectively. 3-month bid price and 3-month offer price surged by US$47.50 per tonne and US$46 per tonne to come in at US$3,110.50 per tonne and US$3,111 per tonne. December 23 bid price and December 23 offer price also scored higher at US$2,848 per tonne and US$2,853 per tonne. LME aluminium opening stock continued to decrease to 768250 tonnes. Live warrants and Cancelled warrants recorded at 413725 tonnes and 354525 tonnes. LME aluminium 3-month Asian Reference...
On 6 th February 2022, the Gulf state Bahrain’s duo industrial giants Aluminium Bahrain B.S.C. (Alba) and Bahrain Petroleum Company (Bapco) in the first-of-its-kind initiative, have signed a Memorandum of Understanding (MoU) towards joining of forces to share knowledge and collaborate on implementing Environment, Social and Governance (ESG) initiatives of common interest. The MoU was inked by Alba’s Chief Executive Officer - Ali Al Baqali and Bapco’s Chief Executive Officer - Dr Abdulrahman Jawahery at Awali Township and was attended by Alba’s Chief Power Officer - Amin Sultan, and Bapco’s Acting Deputy Chief Executive and BMP Project Director – Hafedh Al Qassab, as well as other officials from both companies. Furthermore, to due diligence for projects of common interest that are in line...
According to the Shanghai Metals Market, A00 aluminium ingot price in China has resumed the week after the Chinese New Year holiday with a jump of RMB 620 per tonne to hit a 3-1/2 month high, as the market is bolstered by supply concerns and inventories have touched the lowest since 2007. SMM data shows the price is standing at RMB 22,270 per tonne as of February 7, with average prices likely to range between RMB 22,250 per tonne and RMB 22,290 per tonne. The spot contract is estimated to be traded at a premium price of RMB 30-10 per tonne. In Linyi, A00 aluminium ingot price has soared by RMB 700 per tonne to stand at RMB 22,320 per tonne, followed by the hike of RMB 650 per tonne to RMB 22,320 per tonne in Shenyang and Tianjin. In Foshan and Wuxi, the primary aluminium ingot price has...
Three-month LME aluminium opened at US$3,035 per tonne last Friday, and closed at US$3,087 per tonne, up US$51 per tonne or 1.68%. On Friday, February 4, LME aluminium cash (bid) price soared up by US$28.5 per tonne or by 0.93% to close at US$3,086.50 per tonne. For the same day, LME aluminium official settlement price also hiked by US$28.5 per tonne or by 0.93% to peg at US$3,087 per tonne. 3-month bid price and 3-month offer price registered at US$3,063 per tonne and US$3,065 per tonne. December 23 bid price and December 23 offer price scored at US$2,820 per tonne and US$2,825 per tonne. LME aluminium opening stock settled at 775475 tonnes. Live warrants and Cancelled warrants for the same day recorded at 413625 tonnes and 361850 tonnes. LME aluminium 3-month Asian Reference Price...
The global aluminium industry is gradually breaking its barriers to come out of the pandemic, though still countering production curbs, lay-offs, anti-dumping incidents, etc. but also delivering high profits and dividends. As the travelling mode is still facing challenges from certain new variants of the Covid, but to keep the wheels of the business rolling, AlCircle exhibits the updated list of confirmed exhibitors & sponsors for its Expo 2022. The Romanian aluminium house Alro S.A aims to find solutions to resume electrolytic aluminium production. The aluminium smelters entail a raw material that enables the perfect chemical balance through the complicated procedure of converting alumina to aluminium metal. The booming aluminium sector of Australia primarily relies on China to keep the...
The Norwegian aluminium and renewable energy company, headquartered in Oslo Norsk Hydro holds a position among the list of “Fortune – The World’s Most Admired Companies 2022” as one of only three companies from Scandinavia. Hilde Merete Aasheim, the President & CEO of Hydro stated, “This is a great recognition of the work that is being done by our people around the globe. I am also impressed that we are one of only three Scandinavian companies on the list.” Fortune, The World’s Most Admired Companies is based on a survey that engulfs a wide range of criteria, comprising investment value, quality of management and products, social responsibility and ability towards talent retention. Norsk Hydro stands as the only Norwegian company incorporated in the list and ranks number 5 among industry...
On 4 th February 2022, the world’s leading aluminium associations, which comprises, The Aluminium Association (USA), European Aluminium, the Aluminium Association of Canada and the Japan Aluminium Association in conjunction released their newest policymaker briefing, ‘Towards a Fairer and Cleaner Trade-in Aluminium’ , in regards to the on the ongoing challenges in the global trade of aluminium. The paper cites data from the ‘Organization for Economic Co-operation and Development’ (OECD) demonstrating by the means of massive state subsidies, particularly in China, have manipulated aluminium supply chains and tarnished the environment. The briefing was shared with lead trade ministers in all G7 nations (Canada, France, Germany, Italy, Japan, the United Kingdom and the United States). The...
The Doha based highly profitable producer of aluminium, Qatar Aluminium Manufacturing Company (Qamco) has booked an almost nine-fold year-on-year leap in net profit to QR835 million in 2021, rendering into earnings-per-share (EPS) of QR0.15. Qamco board has recommended a total annual dividend distribution of QR446 million for the proposed year, representing a payout ratio of 53% of the current year’s net earnings. A dividend of QR0.08 per share representing 8% of par value resulting in a dividend yield of 4.4% on the closing share price as of 31 st December 2021. Abdulrahman Ahmad al-Shaibi, the Chairman of Qamco, said: “The main highlight of 2021 was a sequential macroeconomic recovery leading to strong price trajectories for primary aluminium, operational excellence along with good...
