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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National Aluminium Company Limited (NALCO) again increased its aluminium ingot and aluminium products prices after a week, with effect from Saturday, January 29. The company’s aluminium ingot price grew by INR 3,900 per tonne from INR 261,150- 264,650 per tonne on January 22 to INR 265,050-268,550 per tonne on January 29. NALCO hiked its aluminium wire rod price also by INR 3,900 per tonne on January 29, bringing it to INR 267,550-271,900 per tonne. On January 22, the price stood at INR 263,650- 268,000 per tonne, seeing a surge of INR 6,300 per tonne. NALCO’s aluminium billets price witnessed no exception but an increase of INR 3,900 per tonne from INR 264,600- 267,250 per tonne to INR 268,500-271,150 per tonne. NALCO links its aluminium ingot and aluminium products prices to the...
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 smelters running. The nation is the largest aluminium-producing region without a domestic AIF3 production capacity. Ian Levy, the Executive Director of ABx Group stated, “The federal government appreciated the importance of AIF3 post-war when it created Comalco, now owned by Rio Tinto.” “Currently some smelters are experiencing significant challenges because of container shipping delays for chemicals and other specialist raw materials,” says Levy. “Imagine a bakery without the smallest thing: yeast. Without it, you can’t make the bread. It’s the same...
Some of the news that created a buzz in the global primary aluminium market this week included record aluminium pricing claimed by South32 for metal produced at its South African smelter Hillside. But the company struggled to clear a backlog of the metal due to port congestion in both South Africa and Mozambique, where it has a smelter. The company said it was working on alternate strategies to mitigate a capital increase as a result of larger inventories in the second-quarter production report released today. To know more: https://www.alcircle.com/news/south32-reports-record-breaking-prices-for-south-african-aluminium-75447 The aluminium company in Cameroon is presently sorting out with a group of three European financial institutions to recapitalize Cameroon Aluminium Company (Alucam),...
Both LME aluminium cash (bid) price and LME official settlement price trended up throughout the week, starting at US$3,044 per tonne and US$3,044.50 per tonne on Monday, January 24. On Tuesday, January 25, LME aluminium cash (bid) price and LME official settlement price rose 60 per cent to come in at US$3,063 per tonne and US$3,064 per tonne, respectively. On Wednesday, January 26, LME aluminium cash (bid) price and LME official settlement price further surged to close at US$3,092.50 per tonne and US$3,093 per tonne. On January 27, the prices settled even higher at US$3,106 per tonne and US$3,107 per tonne, and finally closed the week at US$3,108 per tonne and US$3,110 per tonne, respectively. 3-month bid price and 3-month offer price moved up from US$3,029 per tonne and US$3,031 per...
The aluminium sector, which has played a vital role in India's V-shaped economic rebound, has asked for the cess on coal to be removed from the Union Budget, which will be delivered on Tuesday, in order to cut increasing electricity costs for manufacturers. In addition, the NITI Aayog has raised the issue of high power costs for Indian aluminium production, resulting in a competitive disadvantage compared to foreign competitors. The coal cess alone accounts for 20% of the cost of extracting coal. As a result, India is one of the most costly countries to manufacture coal-based power, despite having a comparative edge in coal reserves. The coal cess has been raised many times, from Rs 50 per MT to Rs 400 per MT. Currently, coal cess contributes to the higher electricity cost burden, raising...
According to the Shanghai Metals Market estimates, China’s aluminium production in January 2022 will drop by 2.6 per cent year-on-year to come in at 3.19 million tonnes. The daily average output will be 103,000 tonnes, up 600 tonnes month-on-month. The proportion of aluminium liquid in smelter’s product portfolio is estimated to be 64.1 per cent in the said month, down by 1.4 percentage points month-on-month but up by 0.8 percentage point on the year. On the other hand, the operating aluminium capacity has continued to increase in January. A total of 530,000 tonnes of aluminium capacity has been put into operation across Wenshan in Yunnan, east Inner Mongolia, Guizhou, and Shanxi. But the output released was low in the said month. As of January 28, 2022, the domestic operating aluminium...
LME aluminium opened at US$3,093 per tonne on Thursday and closed at US$3,100.50 per tonne, an increase of $0.50 per tonne or 0.02 per cent. On Thursday, January 27, LME aluminium cash (bid) price and LME aluminium official settlement price grew by US$13.50 per tonne and US$14 per tonne, respectively, to come in at US$3,106 per tonne and US$3,107 per tonne. 3-month bid price and 3-month offer price moved up by US$15.50 per tonne and US$16 per tonne to stand at US$3,095 per tonne and US$3,096 per tonne. December 23 bid price and December 23 offer price also closed higher at US$2,823 per tonne and US$2,828 per tonne. LME aluminium opening stock decreased from 835000 tonnes to 823525 tonnes. Live warrants and Cancelled warrants for the same day came in at 450250 tonnes and 373275 tonnes. LME...
Hindalco Industries Limited increased its aluminium ingot and aluminium products prices, with effect from January 26, soon after it reduced the prices on the past two days. Hindalco grew its aluminium ingot price by INR 2,000 per tonne, bringing it to INR 262,750 per tonne. On January 25, Hindalco's aluminium ingot price stood at INR 260,750 per tonne after being down by INR 2,750 per tonne from the previous day. Hindalco’s aluminium wire rod price was also increased by INR 2,000 per tonne on January 26 from INR 271,850 per tonne to INR 273,850 per tonne. Aluminium billets price saw a raise from INR 274,850 per tonne on January 25 to INR 276,850 per tonne on January 26. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London...
A00 aluminium ingot price in China has plunged by RMB 150 per tonne on Thursday, January 27, following a hike of RMB 420 per tonne on January 26. According to the Shanghai Metals Market, the primary aluminium ingot price has come in at RMB 21,440 per tonne, with average prices likely to range between RMB 21,420 per tonne and RMB 21,460 per tonne. The spot contract is estimated to be traded at a premium price of RMB 30-10 per tonne. In Tianjin, A00 aluminium ingot price has shrunk by RMB 180 per tonne to RMB 21,380 per tonne, followed by the downfall of RMB 160 per tonne in Chongqing and Shenyang to stand at RMB 21,440 per tonne and RMB 21,370 per tonne, respectively. In Gongyi and Foshan, primary aluminium ingot price has decreased by RMB 150 per tonne to stand at RMB 21,260 per tonne and...
Three-month LME aluminium opened at $3,090 per tonne and rose 0.16% to close at $3,100 per tonne on Wednesday. On Wednesday, January 26, LME aluminium cash (bid) price hiked by US$29.5 per tonne or by 0.96% to total at US$3,092.50 per tonne. LME aluminium official settlement price also surged by US$29 per tonne or by 0.94% to close at US$3,093 per tonne. 3-month bid price and 3-month offer price settled at US$3,079.50 per tonne and US$3,080 per tonne. December 23 bid price and December 23 offer price also clocked at US$2,800 per tonne and US$2,805 per tonne. LME aluminium opening stock was recorded at 835000 tonnes. Live warrants and Cancelled warrants for the same day came in at 451525 tonnes and 383475 tonnes. LME aluminium 3-month Asian Reference Price totalled at US$3,109.46 per...
The results of the mid-term evaluation of the sector's Sustainability Roadmap Towards 2025 were released today by European Aluminium, the voice of the European aluminium value chain. The mid-term assessment created new industry commitments and set the path for the region's common definition of 'sustainable aluminium,' highlighting the importance of continual improvement, innovation, and cross-industry activities. The European aluminium sector has achieved great progress toward the Roadmap's objectives in the areas of responsible manufacturing, innovative uses, and socio-economic impact since its inception in 2015. The mid-term assessment of the Roadmap highlighted the next actions and instruments to assist the industry to achieve its sustainability targets and raise its ambitions, taking...
Three-month LME aluminium opened at US$3.39.5 per tonne on Tuesday and closed at US$3.95 per tonne, an increase of $57 per tonne or 1.88%. On Tuesday, January 25, LME aluminium cash (bid) price stepped up by US$19 per tonne or by 0.62% to peg at US$3,063 per tonne. On the other hand, LME aluminium official settlement price also hiked by US$19.5 per tonne or by 0.64% to register at US$3,064 per tonne, for the same day respectively. 3-month bid price and 3-month offer price also recorded at US$3,060 per tonne and US$3,061 per tonne. December 23 bid price and December 23 offer price closed at US$2,780 per tonne and US$2,785 per tonne. LME aluminium opening stock settled at 845625 tonnes. Live warrants and Cancelled warrants clocked at 451525 tonnes and 394100 tonnes. LME aluminium 3-month...
As India's economy aims to develop at 9% or more in the next years, one of the country's biggest challenges will be to rebalance its energy demands in favour of renewables by 2030, according to the Paris Agreement. This is where the aluminium industry will play a bigger role than it has in the past. Aluminium consumption will expand at a CAGR of 10% or more due to rapid development in electric cars, renewables, contemporary infrastructure, energy efficient consumer products, and a higher reliance on critical industries such as aerospace and defence. For example, the amount of aluminium used in an EV battery is 40-50 percent higher than in a conventional ICE. Because it is three times lighter than steel, it improves fuel economy, making it an excellent alternative for electric vehicles....
We can wait no more to meet and greet you at our third virtual event “ AlCircle Expo 2022 ”. Like every year, we are looking forward to reuniting with our old clients and making new contacts, while exploring new business opportunities and sharing each other’s success stories. The event will virtually take place on February 15 & 16, from 11 AM to 7 PM (GMT). On this note, we are elated to announce the first set of names who have confirmed their participation as exhibitors & sponsors. To feature your name in this list, reach us at events@alcircle.com . After the first two successful expos in 2020 and 2021, we are now committed to making the AlCircle Expo 2022 bigger, better, and grander. While our aim has remained the same, which is to bring the aluminium industry leaders and partners from...
In North America, primary aluminium production in December 2021 stood at 322,000 tonnes, reflecting a month-on-month increase of 14,000 tonnes or 4.55 per cent, found the International Aluminium Institute. In November, aluminium output in North America came in at 308,000 tonnes, down by 10,000 tonnes or 3.14 per cent from 318,000 tonnes in October. However, on a year-on-year calculation, North America’s primary aluminium output in December 2021 stood 16,000 tonnes or 4.73 per cent lower than 338,000 tonnes. In the fourth quarter of 2021 (October-December), primary aluminium production in North America amounted to 948,000 tonnes, down by 4,000 tonnes or 0.42 per cent from 952,000 tonnes in Q3 2021, and 52,000 tonnes or 5.2 per cent less than 1 million tonnes in Q4 2020. In the entire year,...
The aluminium company in Cameroon is presently sorting out with a group of three European financial institutions to recapitalize Cameroon Aluminium Company (Alucam), the only primary aluminium producer in the CEMAC zone. As per our report from the Technical Commission for the Rehabilitation of Public and Para-Public Sector Enterprises (CTR), the in support European financial institutions are the International Tropical Conservation Fund (ITCF), the Franco-German Financial Group BHF and Investment Bank BPI. Provisionally, there are no details of the funding mechanism selected by the state of Cameroon, the exclusive stakeholder of Alucam, nor on what is anticipated from each financial institution. The CTR explains, “In 2020, Alucam’s financial performance plunged the company in bankruptcy,...
LME aluminium opened at US$3,030 per tonne on Monday and closed at US$3,038 per tonne, an increase of US$15.5 per tonne or 0.51 per cent. Both LME aluminium cash (bid) price and LME aluminium official settlement price continued to decline over the weekend ending January 24 by US$35 per tonne or 1.14% to settle at US$3,044 per tonne and US$3,044.50 per tonne, respectively. 3-month bid price and 3-month offer price decreased by US$31 per tonne and US$30 per tonne to come in at US$3,029 per tonne and US$3,031 per tonne. However, December 23 bid price and December 23 offer price closed higher at US$2,767 per tonne and US$2,772 per tonne, for the same day. LME aluminium opening stock totalled at 859800 tonnes. Live warrants stood at 451525 tonnes, while Cancelled warrants came in at 408275...
In December 2021, primary aluminium production in Africa stood at 139,000 tonnes, flaunting an increase of 8,000 tonnes or 6.11 per cent month-on-month. In November, Africa’s primary aluminium output came in at 131,000 tonnes, down by 6,000 tonnes from 137,000 tonnes in October 2021. On a year-on-year calculation, Africa’s primary aluminium production in December was 4,000 tonnes or 2.96 per cent higher than 135,000 tonnes. In the fourth quarter of 2021 (October-December), Africa produced 407,000 tonnes of primary aluminium in total, up by 4,000 tonnes or 1 per cent from 403,000 tonnes, and 7,000 tonnes or 1.75 per cent more than 400,000 tonnes during the same period last year. In the entire year, Africa’s aluminium production amounted to 1.591 million tonnes, down by 0.87 per cent from...
