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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LME aluminium opened at US$2,995 per tonne on Tuesday and closed at US$3,020 per tonne, an increase of US$20 per tonne or 0.67 per cent. On Tuesday, January 18, both LME aluminium cash (bid) price and LME aluminium official settlement price slipped by only US$3 per tonne to stand at US$3005 per tonne and US$3006 per tonne, respectively. However, on the other hand, 3-month bid price and 3-month offer price grew by US$11.50 per tonne and US$10 per tonne to come in at US$3005.50 per tonne and US$3006 per tonne. December 23 bid price and December 23 offer price for the same day stood at US$2,733 per tonne and US$2,738 per tonne. LME aluminium opening stock decreased from 892800 tonnes to 884125 tonnes. Live warrants decreased to 476475 tonnes, while Cancelled warrants climbed to 407650...
India’s largest producer of aluminium and value-added products, Vedanta Aluminium and start-up manufacturing firm Runaya Refining have secured the ‘Gold’ award at the (Business World) BW Recycling for a Greener Tomorrow Awards 2022 in the category of ‘Best in Recycling or Material Recovery Facility of the Year’. Vedanta produces more than half of India’s aluminium at 1.97 million metric tonnes, at its smelters in Jharsuguda (Odisha) and BALCO (Chhattisgarh). However, around 1.5% of the total quantity is lost in the form of aluminium dross, a by-product that contains recoverable aluminium, aluminium nitrides and oxides, spinel, magnesium silicate, gupeiite, and sodium titanate. Runaya Refining, through its technological tie-up with TAHA International S.A., is not only able to enhance...
Even amidst the downfall in China’s aluminium imports in December 2021, snapping three monthly gains, the country’s total imports throughout the year stood strong enough to mark record shipments in 2021. China, the world’s biggest aluminium producer and consumer, imported 3.2 million tonnes of unwrought aluminium and products in 2021, a record high and up by 18.52 per cent from 2.7 million tonnes in 2020. In December 2021, China imported 243,729 tonnes of unwrought aluminium and products, found the General Administration of Customs. The import volume was 39 per cent less than 397,915 tonnes in November and 8.2 lower than a year ago. China, despite being a net exporter of aluminium, has been importing increasing amount of the metal as higher prices of domestic aluminium versus overseas...
Eurometaux, a trade organisation, has called EU policymakers to enable member states to use state assistance to boost local producers of aluminium, zinc, and silicon, which are critical for the transition to low-carbon energy. The European Union has set a goal of cutting net greenhouse gas emissions by 55 percent by 2030, as a step toward "net zero" by 2050, with plans that include electric vehicles that require aluminium and renewable energy that requires zinc and silicon. Because of high electricity costs and tight supplies, more than half of the EU's aluminium and zinc smelters have decreased output or closed temporarily, while silicon production has been slashed. Electricity's portion of manufacturing expenses for aluminium, silicon, and zinc was between 30% and 40% even before the...
Hindalco Industries Limited has further increased its aluminium ingot and aluminium products prices over the last two days ending January 18, 2022. The company has raised its aluminium ingot price by INR 3,250 per tonne or 1.28 per cent to INR 257,000 per tonne. On Saturday, January 15, Hindalco’s aluminium ingot price stood at INR 253,750 per tonne after being grown by INR 2,000 per tonne. Among aluminium products prices, Hindalco’s aluminium wire rod price has come in at INR 268,100 per tonne on January 18, up by INR 3,250 per tonne from INR 264,850 per tonne on January 15. The company’s aluminium billets price has also seen a hike of INR 3,250 per tonne from INR 267,850 per tonne on January 15 to INR 271,000 per tonne on January 18. Hindalco links its aluminium ingot and aluminium...
The Workers' Compensation Board of British Columbia, operating as WorkSafeBC, is a statutory agency that came into existence in 1917 has delivered the global mining and metal giant Rio Tinto a $678,889 fine, following the metal company was persistently alerted of a hazardous violation caused by air contaminants. On 16 th December 2021, the fine was imposed following a WorkSafeBC inspection of a building 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. WorkSafeBC stated “We had issued previous orders regarding the control of harmful airborne dust and accumulations. Rio...
On Tuesday, January 18, the benchmark aluminium price has gone down by US$3 per tonne or by 0.90% to close at US$3,328 per tonne. The most-traded SHFE 2202 aluminium closed down 0.49% or RMB 105 per tonne to RMB 21125 per tonne, with open interest down 10276 lots to 144673 lots. During the night session, the most-traded SHFE aluminium contract opened at RMB 21.060 per tonne, with the highest and lowest prices at RMB 21,185 per tonne and RMB 21,015 per tonne before closing at RMB 21,075 per tonne, up RMB 5 per tonne or 0.02%. LME aluminium price LME aluminium opened at US$2,986 per tonne last night and closed at US$3,000 per tonne, an increase of US$13 per tonne or 0.44%. On Monday, January 17, LME aluminium cash (bid) price climbed up by US$31 per tonne or by 1.04% to stand at US$3,008...
China's annual aluminium output increased by 4.8% from the previous year to a new high of 38.5 million tonnes in 2021, according to government statistics released on Monday, despite energy consumption restrictions set last year to fulfil climate targets. The National Bureau of Statistics (NBS) reported that primary aluminium output in December was 3.11 million tonnes, up marginally from 3.10 million tonnes in November but down 4% year on year. According to Reuters' calculations, December output was about 100,300 tonnes per day, down from roughly 103,300 tonnes in November - the lowest daily pace since July 2020. "In 2021, we had a strong first half, but the energy shortages and coal problems handicapped the growth. We expect minimal increase in production (in 2022) due to similar reasons....
India’s iconic Aluminium producer, Bharat Aluminium Company Limited (BALCO) apart from setting new benchmarks in the field of production, productivity, research and development, quality and others have also served the society with optimism through its various flagship projects. The momentous contributions of BALCO through its 56 years long developmental journey has led to the development of state and country at large, thus, supporting India in its journey of becoming ‘self-reliant’. Balco’s march towards the contribution of nation development continued with the business operations by adhering to COVID safety protocols during the testing times of the pandemic. Though the organization was also affected by the COVID induced worldwide economic disruptions but the resilience of the aluminium...
LME aluminium opened at US$2,977 per tonne last Friday and closed at US$2,987 per tonne, an increase of US$9.50 per tonne or 0.32 per cent. On Friday, January 14, LME aluminium cash (bid) price closed at US$2,977 per tonne. LME aluminium official settlement price, on the other hand, settled at US$2,977.50 per tonne, following a decline of US$43 per tonne on the previous day to US$2,960 per tonne. 3-month bid price and 3-month offer price on Friday settled at US$2,978 per tonne and US$2,980 per tonne, respectively. December 22 bid price and December 22 offer price totalled at US$2,745 per tonne and US$2,750 per tonne. LME aluminium opening stock registered at 891550 tonnes. Live warrants and Cancelled warrants stood at 500550 tonnes and 391000 tonnes. LME aluminium 3-month Asian Reference...
On 14 th January 2022, a spokesperson from Europe’s largest aluminium smelter, Aluminium Dunkerque in France stated that the company is not scheduling to regulate further production following the contemporary curbs, as it anticipates for government subsidy on energy prices to enforce. The smelter has curtailed its aluminium production by 15%, allying several other aluminium facilities in Europe is diminishing production, a counter towards towering energy prices that have dented margins for the energy-intensive aluminium industry. The spokesperson also added that no fresh curbs were chalked out. Meanwhile, the aluminium smelter right now will not resume the idled production units given that the French Govt. relief is due to be implemented from April 2022. On 13 th January 2022, the...
Some of the important news spotted in the global primary aluminium industry this week included the valuation of Lochaber aluminium smelter scaled up by £100 million, which was acquired from Rio Tinto Alcan and a very small amount was further invested. The news came on Monday, January 10, after the liberal, federalist political party in Scotland, Scottish Liberal Democrats asserted that Sanjeev Gupta’s GFG Alliance comprehended the valuation. To know more: https://www.alcircle.com/news/lochaber-aluminium-smelters-valuation-scales-up-by-100-million-while-gfg-alliance-investment-remains-little-scottish-liberal-democrats-74343 According to another report, Tomago Aluminium is compelled to prepare numerous backup plans for the supply of crucial materials to keep the country's largest aluminium...
National Aluminium Company Limited (NALCO) continued to increase its aluminium ingot and aluminium products prices for the second time in a row, with effect from Friday, January 14. The company’s aluminium ingot price saw a rise of INR 2,100 per tonne to a range between INR 249,550- 253,050 per tonne. A week ago, on January 7, NALCO’s aluminium ingot price was raised by INR 9,100 per tonne to stand at INR 247,450- 250,950 per tonne. On January 14, NALCO’s aluminium wire rod price came in at INR 252,050- 256,400 per tonne, up by INR 2,1000 per tonne as well from INR 249,950- 254,300 on January 7. The company’s aluminium billets price also grew by INR 2,100 per tonne over the week from INR 250,900- 253,550 per tonne to INR 253,000- 255,650 per tonne. NALCO links its aluminium ingot and...
On Friday, January 14, the benchmark aluminium price slipped by US$44 per tonne or by 1.30% to close at US$3,339 per tonne. The most-traded SHFE 2202 aluminium closed down 1.27% or RMB 275 per tonne to RMB 21,375 per tonne, with open interest down 11765 lots to 172829 lots. Overnight, the most-traded SHFE 2202 aluminium contract opened at RMB 21,515 per tonne, with the highest at RMB 21,535 per tonne before closing at RMB 21,305 per tonne, down RMB 280 per tonne or 1.3%. LME aluminium price LME aluminium opened at US$2,950.5 per tonne on Thursday and closed at US$2,958 per tonne, an increase of US$13 per tonne or 0.44%. On Wednesday, January 12, both LME aluminium cash (bid) price and LME aluminium official settlement price moved up by US$54 per tonne and US$53 per tonne, to stand in at...
Renewable energy, which is commonly referred to as clean energy, as it is derived from natural sources or processes that are continuously replenished, for instance, sunlight keeps shining and the wind keeps blowing, even though their obtainability banks on time and weather. The biggest aluminium producer and VAP maker of India, Vedanta’s Aluminium business has ranked as the largest industrial consumer of renewable energy (RE) in 2021, leading renewable energy procurement on India’s power exchanges – Indian Energy Exchange (IEX) and Power Exchange India Limited (PXIL). The Indian commodity tycoon, Anil Agarwal led Vedanta Aluminium procured about 2 billion units of RE power in the year 2021 for consumption at its aluminium smelter in Jharsuguda, Odisha. Consequently, it contracted GHG...
According to the Shanghai Metals Market, social inventories of primary aluminium in China have continued to decrease by 52,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Further plunge has brought the inventories to 724,000 tonnes as of Thursday, January 13, mainly contributed by Shanghai, Wuxi, Nanhai, Hangzhou, and Gongyi. Last week, on January 6, China’s primary aluminium inventories shrank by 23,000 tonnes to come in at 776,000 tonnes. The chart below indicates the current status of primary aluminium inventories across China in more details: In Wuxi, primary aluminium inventories have plunged by 33,000 tonnes on week to stand at 242,000 tonnes as of January 13, followed by the decline of 8,000 tonnes in Gongyi to come in at 67,000 tonnes. In...
Due to persistent shortages, Tomago Aluminium is compelled to prepare numerous backup plans for the supply of crucial materials to keep the country's largest aluminium smelter operational. CEO Matt Howell anticipates the shortages to last for a long time. “Anything that comes by a container is being delayed,” said Mr Howell about the supply chain issues that are delaying supplies of boots, apparel, chemicals, and other specialty raw materials and components to the NSW factory “We’ve got an amazing procurement team that has really looked forward for months, to like, if this particular supply line no longer works, where do we get it? What’s our plan A, what’s our plan B, what’s our plan C? So we haven’t run out of anything. That’s purely as a result of the fantastic work that our...
As the year 2021 ends, AlCircle brings its latest report - Aluminium Industry Recap 2021, summarising the important changes throughout the year. The report highlights the major inventions, expansions, growth, investments, and other important legislative changes that reshaped the global aluminium sector value chain 2021. All the events mentioned in the recap are analysed analytically to ensure the readers with a critical comprehension of all the movements that had taken place in the aluminium value chain in the said year. Overall, 2021 was a year of recovery from the devastation caused by the COVID-19 pandemic of 2020. To begin with, according to the International Aluminium Institute, the world primary aluminium production amounted to 61.792 million tonnes during January-November 2021,...
