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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South32 claimed record aluminium pricing for metal produced by Hillside, its South African smelter, but struggled to clear a backlog of 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 a second quarter production report released today. “Third party port performance at Richards Bay and ongoing congestion in global shipping conditions” said South32 It also cited chain supply issues at its global operations as a result of Covid-19. South32 said it took advantage of "different discharge and cargo transportation possibilities" to profit from high aluminium prices. “We expect the current working capital build to unwind once we...
National Aluminium Company Limited (NALCO) increased its aluminium ingot and aluminium products prices for the fourth time in a row on Saturday, January 22. The company raised its aluminium ingot price by INR 6,300 per tonne or 2.4 per cent from INR 254,850-258,350 per tonne on January 19 to INR 261,150- 264,650 per tonne on Saturday, January 22. NALCO’s aluminium wire rod price also saw a surge of INR 6,300 per tonne to INR 263,650- 268,000 per tonne, with effect from January 22. Aluminium billets price witnessed no exception but a hike of INR 6,300 per tonne from INR 258,300- 260,950 per tonne on January 19 to INR 264,600- 267,250 per tonne on January 22. NALCO links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange,...
LME aluminium opened at US$3,105 per tonne last Friday and closed at US$3,022 per tonne, down US$92.5 per tonne or 2.97%. On Friday, January 21, LME aluminium cash (bid) price dropped by US$30 per tonne or by 0.96% to close at US$3,079/t. LME aluminium official settlement price also went down by US$30 per tonne or by 0.96% to peg at US$3,079.50 per tonne. 3-month bid price and 3-month offer price settled at US$3,060 per tonne and US$3,061 per tonne. December 23 bid price and December 23 offer price registered at US$2,728 per tonne and US$2,733 per tonne, for the same day. LME aluminium opening stock totalled at 865950 tonnes. Live warrants and Cancelled warrants for the same day also stood at 452325 tonnes and 413625 tonnes. LME aluminium 3-month Asian Reference Price came in at...
According to a recent report, Hydro Energi AS, part of the Electric Power Generation, Transmission and Distribution Industry, has entered into a new long-term power purchase agreement (PPA) with Hafslund Eco Vannkraft AS for a supply of 1300 GWh during 2023-29. The PPA will be part of Hydro Energy’s total power portfolio, consisting of captive power production of 9.4 TWh per year and a long-term contract portfolio of around 10 TWh. Hydro has signed 19 long-term power contracts in total since 2014, based on renewable hydro or wind power. Access to renewable energy and modern technology helps Hydro produce aluminium in Norway with a carbon footprint, which is about 75 per cent less than global average. Besides being an active market player in the Nordic power market, Hydro Energi is...
The news that created a buzz this week was the penalty of $678,889 on Rio Tinto for violation of air contaminants at Kitimat aluminium smelter. The Workers' Compensation Board of British Columbia, operating as WorkSafeBC, imposed the fine following building inspection used for cleaning and servicing equipment at Rio Tinto’s Kitimat aluminium smelter. However, the inspection was a follow-up from an endorsement in regards to governing workers’ exposure to process dust that contained toxic and carcinogenic substances such as beryllium. To know more: https://www.alcircle.com/news/rio-tinto-slammed-with-hefty-fine-by-worksafebc-for-violation-of-air-contaminants-at-kitimat-aluminium-smelter-75393 India’s iconic Aluminium producer, Bharat Aluminium Company Limited has made a space for itself in...
LME aluminium cash (bid) price and LME official settlement price opened the week on Monday, January 17, with a hike of US$31 per tonne and US$31.50 per tonne, respectively. That brought the prices to US$3008 per tonne and US$3,009 per tonne. However, on Tuesday, January 18, both LME aluminium cash (bid) price and LME official settlement price slipped by US$3 per tonne to US$3005 per tonne and US$3006 per tonne, but on Wednesday saw a jump of US$30 per tonne to US$3,035 per tonne and US$3,036 per tonne. On Thursday, the prices continued to soar by US$74 per tonne and US$73.50 per tonne to settle at US$3,109 per tonne and US$3,109.50 per tonne, which on Friday, January 21, closed lower at US$3,079 per tonne and US$3,079.50 per tonne. 3-month bid price and 3-month offer price settled at...
Hindalco Industries Limited has further increased its aluminium ingot and aluminium products prices by INR 5,250 per tonne or 2 per cent, with effect from Friday, January 21. The hike for the fourth time in a row has brought the company’s aluminium ingot price to INR 265,250 per tonne from INR 260,000 per tonne on January 20. Hindalco’s aluminium wire rod price has come in at INR 276,350 per tonne, with effect from January 21. On January 20, the price had seen a growth of INR 3,000 per tonne to INR 271,100 per tonne. Aluminium billets price grew from INR 274,100 per tonne to INR 279,350 per tonne. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which on January 20 soared by US$73.50 per tonne to...
The United States (US) and Britain initiated dialogue on Wednesday, January 19, aimed at resolving the dispute over tariffs that were imposed by the Trump administration on imported aluminium and steel. As per the report, top trade officials from Washington and London said they are committed to working towards an expeditious outcome resulting from an excess global capacity of primary aluminium, primarily due to China. The US Trade Representative Katherine Tai and Commerce Secretary Gina Raimondo met Britain’s International Trade Secretary Anne Marie Trevelyan virtually and pledged to find effective solutions. The tariffs imposed on Britain caused friction with the United States, which, in turn, retaliated with punitive duties on American goods. According to the report, the officials...
The Indonesian aluminium giant PT Indonesia Asahan Aluminum in vernacular known as Inalum attained aluminium production of 243,000 tonnes while sales were recorded at 218,000 tonnes in 2021. The Mining Industry Indonesia (MIND ID) holding company depended on aluminium commodities by diversifying the portfolio into ingots, alloys, and billets. On 20 th January 2022, Danny Praditya, the Director of Operations and Portfolio stated, “Throughout 2021, in the middle of the second year of the pandemic, the company will continue to optimize the operational effectiveness of its aluminium smelter by keeping the entire business chain running.” He further added, “Maintaining the supply chain of raw materials to the performance of Hydroelectric Power Plants (PLTA) as the main energy source, the 2021...
LME aluminium opened at US$3,047 per tonne on Thursday and closed at US$3,115 per tonne, an increase of US$62 per tonne or 2.03 per cent. On Thursday, January 20, LME aluminium cash (bid) price and LME aluminium official settlement price soared by US$74 per tonne and US$73.50 per tonne, respectively, to close at US$3,109 per tonne and US$3,109.50 per tonne. 3-month bid price and 3-month offer price also grew significantly by US$53.50 per tonne and US$55 per tonne to come in at US$3,080 per tonne and US$3,082 per tonne. However, December 23 bid price and December 23 offer price dropped by US$5 per tonne to stand at US$2,728 per tonne and US$2,733 per tonne. LME aluminium opening stock decreased to 873650 tonnes. Live warrants and Cancelled warrants for the same day was found at 464100...
With the end of the year 2021, the International Aluminium Institute data shows the world primary aluminium production in December stood at 5.622 million tonnes. That was an increase of 3.61 per cent month-on-month from 5.426 million tonnes. In October, the world primary aluminium production was at 5.689 million tonnes, meaning the output in November edged a downfall of 4.62 per cent. In the last quarter of the year (4Q2021), the world primary aluminium production totalled 16.737 million tonnes, down by 0.95 per cent from 16.898 million tonnes in 3Q2021 and 0.50 per cent from 16.821 million tonnes in 4Q2020. In the entire 2021, the global aluminium production amounted to 67.343 million tonnes, which reflected a hike of 3.09 per cent from 65.325 million tonnes a year ago. The world’s daily...
According to the Shanghai Metals Market, social inventories of primary aluminium in China have gained 2,000 tonnes this week ending January 20, 2022, across eight major consumption areas, including SHFE warrants. Therefore, the inventories have come in at 726,000 tonnes, compared to 724,000 tonnes on January 13. Primary aluminium inventories have increased this week after the past eight consecutive weeks of decline since November 25. The chart below indicates the current status of primary aluminium inventories across China in more details: Gongyi and Nanhai are the two Chinese provinces that have primarily contributed to the primary aluminium inventories growth this week by adding up 9,000 tonnes and 7,000 tonnes, respectively, to 76,000 tonnes and 184,000 tonnes, as of January 20. In...
Alcoa Corp., the largest aluminium manufacturer in the United States, cautioned investors on Wednesday that any confrontation between Russia and Ukraine might affect the global aluminium market. Any form of aggressiveness, according to Chief Executive Officer Roy Harvey, might affect supplies from Russia, the world's second-largest aluminium producer. It might also lead to an increase in energy prices, which would have a knock-on effect on the aluminium sector due to the metal's high energy consumption. In response to a question about the hazards that a war would pose to the sector, Harvey stated that it may also disrupt demand. “That can very quickly impact the supply,” Harvey said in a call with analysts. President Joe Biden stated during a press conference on Wednesday that he believes...
LME aluminium opened at US$3,012 per tonne on Wednesday and closed at US$3,053 per tonne, an increase of US$33 per tonne or 1.09%. On Wednesday, January 19, LME aluminium cash (bid) price hiked by US$30 per tonne or by 0.99% to peg at US$3,035 per tonne. LME aluminium official settlement price also showed a surge of US$30 per tonne or by 0.99% to settle at US$3,036 per tonne. 3-month bid price and 3-month offer price registered at US$3,026.50 per tonne and US$3,027 per tonne. December 23 bid price and December 23 offer price was recorded at US$2,733 per tonne and US$2,738 per tonne. LME aluminium opening stock stood at 878750 tonnes. Live warrants and Cancelled warrants for the same day was found to be 474675 tonnes and 404075 tonnes. LME aluminium 3-month Asian Reference Price closed at...
Rusal, the Russian aluminium giant, has reportedly announced the achievement of Aluminium Stewardship Initiative certification for its four additional production sites. The four sites include Rusal’s Kandalaksha aluminium smelter, two aluminium foil plants Sayanal and Armenal (Armenia), and Europe’s largest alumina refinery Aughinish at Ireland. They are certified against the ASI Performance Standard and Chain of Custody Standard certifications, bringing the total number of ASI Rusal certificates to 13. Some of the other nine Rusal facilities which were previously certified by ASI include Krasnoyarsk, Bratsk, Sayanogorsk, Irkutsk and Boguchansk. Rusal first joined the International Aluminium Stewardship Initiative in 2015. On the recent achievement of ASI certifications, Irina Bakhtina,...
Aluminium Bahrain B.S.C. (Alba), the world's largest aluminium smelter outside of China, signed a Memorandum of Understanding (MoU) with Mitsubishi Heavy Industries EMEA Ltd. (MHI EMEA), a subsidiary of Mitsubishi Heavy Industries (MHI) Group, on January 19, 2022, to collaborate on ways to reduce Alba's carbon footprint. The MoU, which is the first of its kind with an aluminium producer, will lay the groundwork for a feasibility study on using MHI Group's CO2 capture from flue gas technology, developed in collaboration with Kansai Electric Power Co., to reduce Alba's plant emissions to achieve decarbonization. Alba's Chairman of the Board Shaikh Daij bin Salman bin Daij Al Khalifa and Kentaro Hosomi, CEO of MHI EMEA, were present at the signing ceremony, which was held at Al Dana Hall in...
National Aluminium Company Limited (NALCO) has hiked its aluminium ingot and aluminium products prices for the third time in a row, with effect from Wednesday, January 19. The company has raised its aluminium ingot price by INR 5,300 per tonne to the range INR 254,850-258,350 per tonne. On Friday, January 14, NALCO’s aluminium ingot price stood at INR 249,550- 253,050 per tonne, seeing a rise of INR 2,100 per tonne. With the latest hike, NALCO’s aluminium wire rod price came in at INR 257,350-261,700 per tonne, up by INR 5,300 per tonne from INR 252,050- 256,400 per tonne on January 14. The company’s aluminium billets price also saw a surge of INR 5,300 per tonne from INR 253,000- 255,650 per tonne to INR 258,300- 260,950 per tonne, as of January 19. NALCO links its aluminium ingot and...
The Aluminium Stewardship Initiative has certified OETINGER Aluminium against the Performance Standard Certification with Provisional status for the production of aluminium alloys from scrap and recycled materials at Weißenhorn and Neu-Ulm plants in Germany. The two plants together produce nearly 180,000 tonnes per year of aluminium. OETINGER Aluminium recycles scrap and refines it into aluminium alloys, in the form of liquid and solid. The alloys produced at the plants are destined for the automotive engineering, mechanical engineering, and electrical industries. Fiona Solomon, Chief Executive Officer at ASI, said: “We warmly congratulate OETINGER Aluminium on achieving ASI Performance Standard Certification with Provisional status. The company is an essential link in the value chain,...
