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 factories that produce aluminium metal castings are commonly known as aluminium foundries. In the casting process, aluminium is melted in a liquid form, pouring into a mould and then after the aluminium cast cools off and solidifies, it is drawn from the mould or cast. Aluminium can be cast into varying shapes and sizes, while the aluminium foundries use various types of source metal to charge the furnace, including virgin material, external scrap and internal scrap. The aluminium foundries generally use reverberatory, gas heated crucible or electric resistance furnaces. However, periodically, hydrogen or other gases get into the casting, either by physical entrapment or chemical reaction and if this situation arises, it is removed via the de-gassing process. Aluminium castings are...
The news of AlCircle’s third virtual event, “AlCircle Expo 2022,” is spreading like wildfire! With the first list of confirmed exhibitors and sponsors announced on Tuesday, January 25, AlCircle is really excited to announce that more new confirmed exhibitors and sponsors have been added to the list, bringing in the total count to 25. The event will be held virtually on February 15 and 16, from 11 a.m. to 7 p.m. (GMT). To enrol your name in the list, reach us at events@alcircle.com . With the availability of more advanced technologies to help connect the aluminium industry executives and partners from throughout the value chain together virtually, we are aiming to create a stronger and long-lasting network. Apart from having access to exciting digital tools for flawless technological...
The LME aluminium benchmark price gained US$15.50 per tonne or 0.51 per cent on Thursday, February 3, following three consecutive days of fall from US$3,110 per tonne to US$3,043 per tonne. LME aluminium cash (bid) price and LME aluminium official settlement price settled at US$3,058 per tonne and US$3,058.50 per tonne, respectively, on February 3. 3-month bid price and 3-month offer price increased by US$7 per tonne to total at US$ US$3,033 per tonne and US$3,035 per tonne. But December 23 bid price and December 23 offer price slipped by US$26 per tonne to come in at US$2,797 per tonne US$2,802 per tonne. LME aluminium opening stock stood at 781900 tonnes. Live warrants decreased to 413625 tonnes, while Cancelled warrants moved up to 368275 tonnes. LME aluminium 3-month Asian Reference...
National Aluminium Company Limited (NALCO) slashed its aluminium ingot and aluminium products prices, with effect from, Tuesday, February 1, following five consecutive hikes since January 7. With the latest cut, NALCO’s aluminium ingot price came in at INR 260,550-264,050 per tonne, down by INR 4,500 per tonne from INR 265,050-268,550 per tonne on January 29. NALCO’s aluminium wire rod price also underwent a cut of INR 4,500 per tonne on February 1 to range between INR 263,050-267,400 per tonne versus INR 267,550-271,900 per tonne on the previous day. Aluminium billets price is currently hovering around INR 264,000-266,650 per tonne after being reduced by INR 4,500 per tonne on February 1. NALCO links its aluminium ingot and aluminium products prices to the three-month futures of...
On Wednesday, February 2, the Aluminium Association of India demanded from the government a supply of 25-30 coal rakes per day to ensure viable operations of the aluminium industry. The association informed the government about the availability of coal stocks for only three to four days while production disruptions have been looming across the Indian aluminium sector. “With no relief in sight despite coal stocks running critically low and production disruptions looming across the Indian aluminium sector, the AAI has approached the Ministry of Coal, urging the immediate resumption of adequate coal rakes for the highly power-intensive Aluminium industry,” said the association in a statement. Earlier, AAI, in its representation to the ministry, praised the combined efforts of the coal...
Hindalco Industries Limited back-to-back reduced its aluminium ingot and aluminium products prices, with effect from Wednesday, February 2. The company’s aluminium ingot price saw a cut of INR 2,000 per tonne or 0.76 per cent to come in at INR 262,750 per tonne. On February 1, the price stood at INR 264,750 per tonne after being declined by INR 3,250 per tonne. Hindalco also cut its aluminium wire rod price by INR 2,000 per tonne, bringing it to INR 273,850 per tonne as of February 2 versus INR 275,850 per tonne on the previous day. Aluminium billets price witnessed a cut of INR 2,000 per tonne as well from INR 278,850 per tonne on February 1 to INR 276,850 per tonne on February 2. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on...
On Wednesday, February 2, LME aluminium cash (bid) price dropped by US$29 per tonne to stand at US$3,042.50 per tonne. On the other hand, LME aluminium official settlement price also slumped by US$29 per tonne or by 0.94% to settle at US$3,043 per tonne. 3-month bid price and 3-month offer price closed at US$3,026 per tonne and US$3,028 per tonne. December 23 bid price and December 23 offer price also scored at US$2,823 per tonne US$2,828 per tonne, for the same day. LME aluminium opening stock registered at 782225 tonnes. Live warrants and Cancelled warrants for the same day also scored at 445150 tonnes and 337075 tonnes. LME aluminium 3-month Asian Reference Price also totalled at US$3,038.33 per tonne. SHFE aluminium price The SHFE market is closed on the occasion of Chinese New Year...
In November 2021, domestic primary aluminium production in the United States stood at 75,000 tonnes, reflecting a dip of 1,000 tonnes or 1.32 per cent month-on-month from 76,000 tonnes. On a year-on-year calculation, on the other hand, the output in November grew 1,000 tonnes from 74,000 tonnes. The daily average production in the US in November 2021 was 2,510 tonnes, slightly more than 2,460 tonnes in October 2021 and 2,450 tonnes in November 2020. Total aluminium recovered from scrap in November 2021 was 265,000 tonnes – 4,000 tonnes less than 269,000 tonnes a month ago and 1,000 tonnes more than 264,000 tonnes a year earlier. Of the total scrap recovered, 144,000 tonnes of aluminium was recovered from new scrap and 121,000 tonnes from old scrap. The November 2021 average US spot market...
Hindalco Industries Limited slashed its aluminium ingot and aluminium products prices, with effect from Tuesday, February 1, after two consecutive hikes on January 26 and 28. The company cut its aluminium ingot price by INR 3,250 per tonne to INR 264,750 per tonne. On the previous day, January 28, the company’s aluminium ingot price stood at INR 268,000 per tonne, seeing a surge of INR 5,250 per tonne. Hindalco’s aluminium wire rod price also saw a decline of INR 3,250 per tonne to INR 275,850 per tonne versus INR 279,100 per tonne on January 28. Aluminium billets price came in at INR 278,850 per tonne, compared to INR 282,100 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,...
The LME aluminium benchmark price dropped slightly on Tuesday, February 1, following a plunge of US$34 per tonne on the previous day to US$3,076 per tonne. On Tuesday, February 1, LME aluminium cash (bid) price inched down by US$2.50 per tonne to stand at US$3,071.50 per tonne, while LME aluminium official settlement price dropped by US$4 per tonne to come in at US$3,072 per tonne. 3-month bid price and 3-month offer price settled lower at US$3,048 per tonne and US$3,049 per tonne, respectively. But December 23 bid price and December 23 offer price grew by US$12 per tonne to total at US$ US$2,795 per tonne and US$2,800 per tonne, for the same day. LME aluminium opening stock decreased from 799475 tonnes to 788425 tonnes. Live warrants and Cancelled warrants plunged to 445150 tonnes and...
European Aluminium, the European industry voice for the aluminium value chain, is happy to announce Paul Voss' appointment as Director-General, effective from 1 February 2022. Mr Voss will follow Gerd Götz, who will leave the Association at the end of March after almost a decade as the head. “On behalf of all European Aluminium members, I would like to thank Gerd Götz for his unwavering dedication to the Association and aluminium industry. During his nine-year tenure as Director General, European Aluminium adopted a long-term sustainability vision based on aluminium’s role in the transition to a low carbon and circular economy. Notable achievements under his leadership include the launch of the industry’s Sustainability Roadmap Towards 2025, Vision 2050 and Circular Aluminium Action Plan,...
In December 2021, primary aluminium production in Russia & Eastern Europe stood at 351,000 tonnes, up by 12,000 tonnes or 3.54 per cent month-on-month, found the International Aluminium Institute. In November, primary aluminium production in Russia and Eastern Europe came in at 339,000 tonnes, down by 13,000 tonnes or 3.69 per cent from 352,000 tonnes in October. On a year-on-year basis, Russia & Eastern Europe’s primary aluminium production in December 2021 stood mostly unchanged compared to 352,000 tonnes. In the fourth quarter of the year (Oct-December) of 2021, primary aluminium output in Russia & Eastern Europe totalled 1.042 million tonnes versus 1.040 million tonnes in Q3 2021 and 1.043 million tonnes in Q4 2020. In the entire year 2021, primary aluminium production in Russia &...
The Aluminium Association of India (AAI) has addressed the Ministry of Coal urging for the immediate resumption of adequate coal rakes for the highly power-intensive aluminium industry with no assurance of adequate coal supply notwithstanding the stockpiles of coal gushing captiously low, resulting in production derangement emerging across the Indian aluminium sector. AAI in its representation to the ministry has praised the combined efforts by the Ministry of Coal and Coal India Limited in reviving domestic coal production, which has succoured to soothe the coal supply crisis for the domestic power sector. The stride undertaken by the ministry has increased the overall daily rakes dispatched from 242 rakes per day in September 2021 to 289 rakes per day in December 2021. Now, this has...
On Monday, January 31, LME aluminium cash (bid) price dropped by US$34 per tonne or by 1.09% to score at US$3,074 per tonne. On the other hand, LME aluminium official settlement price also went down by US$34 per tonne or by 1.09% to score at US$3,076 per tonne. 3-month bid price and 3-month offer price settled at US$3,050 per tonne and US$3,052 per tonne. December 23 bid price and December 23 offer price also recorded at US$2,783 per tonne and US$2,788 per tonne, for the same day. LME aluminium opening stock pegged at 799475 tonnes. Live warrants and Cancelled warrants for the same day registered at 449525 tonnes and 349950 tonnes. LME aluminium 3-month Asian Reference Price also totalled at US$3,068.50 per tonne. SHFE aluminium price The most-traded SHFE 2203 aluminium closed up 2.05 per...
ALRO S.A. (BVB: ALR, "the Company" or "ALRO"), one of Europe's largest vertically integrated aluminium producers by capacity, announces that the company's management is focusing on finding solutions to restore electrolytic aluminium production to the level of 2021 beginning in 2023, subject to market energy prices. “We are actively looking for solutions to secure the energy needs for 2023 for all our five potrooms and thus to preserve the vertical integration feature of our business, as we believe the integration will remain in the long run one of the main advantages of our business model”,said Marian NĂSTASE, Chairman of the Board of Directors, ALRO. “Based on our current estimations, the restarting costs for each electrolysis potroom may be in the range of USD 10-12 million, depending...
According to latest estimates, aluminium has strong potential in 2022 to outperform other non-ferrous metals on the London Metal Exchange, exceeding the important milestone of $3000/t at the start of the year. The news came after diversified mining major Eurasian Resources Group CEO Benedikt Sobotka said in a statement on January 27. According to Sobotka, the aluminium market will remain in a deficit in 2022 for the second consecutive year, as indicated by inventories at the lowest level since the global financial crisis – a period of extreme stress in global financial markets and banking systems between mid-2007 and early 2009. In 2021, the global aluminium price stood 13-year high, increasing by more than 40 per cent year-on-year. Sobotka predicts China’s aluminium supply growth to be...
On Friday, January 28, Vedanta Limited, a subsidiary of Vedanta Resources Limited, declared its unaudited Q3 and nine months results ended December 31, 2021. The company said it earned consolidated quarterly revenue of INR 33,697 crore, an increase of 12 per cent Q-o-Q from INR 30,048 crore and up by 50 per cent Y-o-Y from INR 22,498 crore. The revenue in nine months came in at INR 91,850 crore, which flaunted a hike of 56 per cent from INR 58,989 crore during the same period last year. The increase in revenue could be attributed to improved commodity prices and higher sales volume across businesses. Vedanta reported record aluminium production of 578,000 tonnes in Q3, up by 16 per cent Y-o-Y. Alumina output also saw a rise of 16 per cent Y-o-Y to 472,000 tonnes in 3QFY2022. Vedanta also...
The LME aluminium benchmark price grew slightly on Friday, January 28, after incessant hikes from U$3,044.50 per tonne to US$3,107 per tonne during January 24-27. On Friday, January 28, LME aluminium cash (bid) price and LME aluminium official settlement price inched up by only US$2 per tonne and US$3 per tonne, respectively, to come in at US$3,108 per tonne and US$3,110 per tonne. But 3-month bid price and 3-month offer price descended by US$10 per tonne and US$11 per tonne to close at US$3,085 per tonne. December 23 bid price and December 23 offer price also closed lower at US$2,815 per tonne and US$2,820 per tonne as of January 28. LME aluminium opening stock totalled at 811050 tonnes on January 28. Live warrants remained restrained at 450250 tonnes, while Cancelled warrants declined...
