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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Hindalco Industries Limited has further hiked its aluminium ingot and aluminium products prices in line with the LME aluminium benchmark price surge yet again above US$3,000 per tonne. With effect from Thursday, January 13, Hindalco has increased the aluminium ingot price by INR 4,250 per tonne to INR 255,250 per tonne. On Wednesday, January 12, the company’s aluminium ingot price stood at INR 251,000 per tonne seeing a rise of INR 1,500 per tonne. The latest hike has brought the company’s aluminium wire rod price to INR 266,350 per tonne on January 13, compared to INR 262,100 per tonne on January 12. Hindalco’s aluminium billets selling price is hovering around INR 269,350 per tonne as of January 13, up by INR 4,250 per tonne from INR 265,100 per tonne on January 12. Hindalco links its...
The Indian state-owned National Aluminium Company Limited (NALCO) has attained so far another landmark in aluminium smelting. The integrated aluminium company has gainfully put into operation all the 960 potlines at its existing aluminium smelter located at Angul, Odisha. On 12 th January 2022, the CMD of Nalco, Sridhar Patra officially functionalized the 960 th pot by virtually switching from the NALCO Corporate Office, Bhubaneswar, Odisha. Nalco in its long journey of 41 years eventually achieved operation of 100% pots in aluminium smelter for the first time in history. The CMD congratulated the Nalco team for making dynamic efforts in hard times for dream realization and missioning it a breakthrough moment. He applauded all the stakeholders for their support which has fuelled Nalco to...
LME aluminium opened at US$2,976 per tonne on Wednesday and closed at US$2,945 per tonne, a decrease of US$38 per tonne or 1.27 per cent. On Wednesday, January 12, both LME aluminium cash (bid) price and LME aluminium official settlement price yet again crossed US$3,000 per tonne by gaining US$54 per tonne and US$53 per tonne, respectively. While the former stood at US$3,002 per tonne, the latter came in at US$3,003 per tonne. 3-month bid price and 3-month offer price also settled higher at US$3,012 per tonne and US$3,014 per tonne, respectively. December 22 bid price and December 22 offer price totalled at US$2,775 per tonne and US$2,780 per tonne. LME aluminium opening stock decreased to 898525 tonnes. Live warrants and Cancelled warrants closed at 512950 tonnes and 385575 tonnes. LME...
Aluminium prices are reaching new highs for European consumers as a result of rising energy costs and production cuts, which have worsened metal shortages in the power, building, and packaging industries. Consumers who buy aluminium on the physical market normally pay the London Metal Exchange's benchmark price — roughly $2,950 per tonne on Tuesday — plus a physical market premium that often covers transportation expenses and taxes. However, due to shortages, dealers and manufacturers with inventories may fetch a far higher premium, which has risen nearly 30% to a record $428.75 per tonne in Europe since the start of 2022. “With around 650,000 tonnes of capacity cut so far in Europe, we believe that another 900,000 tonnes of output is at risk of closing down fully or partially,” said...
Hindalco Industries Limited has continued to increase its aluminium ingot and aluminium products prices for the fourth time in a row, with effect from Wednesday, January 12. The company’s aluminium ingot price has witnessed an increase of INR 1,500 per tonne to INR 251,000 per tonne, compared to INR 249,500 per tonne on January 7. Hindalco’s aluminium wire rod price has also been grown by INR 1,500 per tonne on January 12 from INR 260,600 per tonne to INR 262,100 per tonne. With the latest hike, Hindalco’s aluminium billets price has come in at INR 265,100 per tonne from INR 263,600 per tonne. Hindalco links its aluminium prices to the three-month future of aluminium on the London Metal Exchange, which has been growing incessantly since the onset of January 2022. From January 7 to 11, the...
LME aluminium opened at US$2,953.5 per tonne on Tuesday and closed at US$2,983 per tonne, an increase of US$50 per tonne or 1.7%. On Tuesday, January 11, LME aluminium cash (bid) price hiked by US$26 per tonne or by 0.88% to peg at US$2,948 per tonne. On the other hand, LME aluminium official settlement price also showed a surge of US$27 or by 0.92% to register at US$2,950 per tonne, for the same day. 3-month bid price and 3-month offer price clocked at US$2,960 per tonne and US$2,962 per tonne. December 22 bid price and December 22 offer totalled at US$2,727 per tonne and US$2,732 per tonne. LME aluminium opening stock closed at 902850 tonnes. Live warrants and Cancelled warrants closed at 516425 tonnes and 386425 tonnes. LME aluminium 3-month Asian Reference Price came in at US$2,958.62...
LME aluminium opened at US$2,920 per tonne on Monday and closed at $2,933 per tonne, an increase of US$10.5 per tonne or 0.36 percent. On Monday, January 10, LME aluminium cash (bid) price inched up by US$3 per tonne or by 0.10% to settle at US$2,922 per tonne. On the other hand, LME aluminium official settlement price also increased by US$3.5 per tonne or by 0.11% to close at US$2,923 per tonne. 3-month bid price and 3-month offer price for the same was recorded at US$2,934 per tonne and US$2,934.50 per tonne. December 22 bid price and December 22 offer price was registered at US$2,693 per tonne and US$2,698 per tonne. LME aluminium opening stock pegged at 911500 tonnes. Live warrants and Cancelled warrants stood at 536175 tonnes and 375325 tonnes. LME aluminium 3-month Asian Reference...
Taishet Aluminium Smelter (TaAZ), RUSAL's first phase of what it claims is the world's most modern low-carbon aluminium manufacturing plant, opened in Siberia. The state-of-the-art smelter claims to be one of the cleanest in the world, since it runs on clean energy from Siberian hydroelectric power plants, and has a low environmental effect thanks to advanced gas cleaning technology and a closed water circulation system. CO2 emissions from the entire project will be among the lowest in the industry. Verifications and testing for the pre-operation phase will begin today. TaAZ is RUSAL's third low-carbon aluminium smelter, with a total cost of more than $1.69 billion and over 1,000 local jobs. The smelter is planned to produce 428.5 thousand tonnes of low-carbon aluminium per year in its...
In December (31 calendar days) 2021, China produced 3.18 million tonnes of aluminium, which was 3.17 per cent less than a year ago but 3.58 per cent more than 3.07 million tonnes in November 2021, found the Shanghai Metals Market data. The daily average output was 102,400 tonnes, up 100 tonnes per day month-on-month. The improvement in aluminium production in December could be a result of the rise in operating capacity. Some aluminium smelters in Inner Mongolia, Yunnan, and Shanxi increased their output, resuming the production of a total capacity of around 240,000 tonnes. In the entire year of 2021, China’s aluminium production was reported at 38.49 million tonnes, up 3.7 per cent year-on-year. According to the Shanghai Metals Market, liquid aluminium accounted for 65.5 per cent of the...
The liberal, federalist political party in Scotland, Scottish Liberal Democrats asserted that Sanjeev Gupta’s GFG Alliance has comprehended 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. Willie Rennie, the party’s spokesman for the economy said, “Sanjeev Gupta's collection of businesses in the energy, steel and trading paid £330m in 2016 for the aluminium smelter and hydro-electric plant in Fort William.” “They are currently valued at £438m - making the businessman a gain of £108m - with very little investment or effort from the company.” The Scottish Government also backed GFG Alliance’s acquisition of the aluminium smelter with a guarantee nominally valued at £586m. “GFG Alliance...
According to the recent data shown by the US Geological Survey, domestic primary aluminium production in the country in October 2021 was 76,000 tonnes. That was an increase of 4,000 tonnes or 5.55 per cent from 72,000 tonnes in September 2021 and a marginal rise of 1,000 tonnes from 75,000 tonnes in October 2020. The average daily production was 2,460 tonnes, up by 2.93 per cent M-o-M from 2,390 tonnes and 1.23 per cent more year-on-year from 2,430 tonnes. Total aluminium recovered from scrap in October 2021 was 269,000 tonnes, less by 3,000 tonnes or 1.1 per cent from 272,000 tonnes a month ago. On a year-on-year calculation, the recovered aluminium in October was down by 2.89 per cent from 277,000 tonnes. Of the total aluminium recovered, 141,000 tonnes were from new scrap and 128,000...
LME aluminium opened at US$2,930 per tonne last Friday and closed at US$2,922.50 per tonne, down by US$7.50 per tonne or 0.26 per cent. On Friday, January 7, LME aluminium cash (bid) price and LME aluminium official settlement price grew by US$7 per tonne to settle at US$2,919 per tonne and US$2,919.50 per tonne. 3-month bid price and 3-month offer price closed at US$2,930 per tonne and US$2,9232 per tonne, up by US$7.50 per tonne and US$8.50 per tonne, respectively, from the previous day. December 22 bid price and December 22 offer price totalled at US$2,682 per tonne and US$2,687 per tonne. LME aluminium opening stock was recorded at 916875 tonnes. Live warrants increased to 536175 tonnes and Cancelled Warrants hiked to 380700 tonnes. LME aluminium 3-month Asian Reference Price remained...
The middle-eastern nation on the Mediterranean Sea, Israel surfaced importation of aluminium from Bahrain, as reported by Manama’s local print media on 9 th January, mentioning it over an interview with Eitan Na'eh, the present Israeli ambassador to Bahrain. In 2021, Eitan Na'eh was appointed as Israel's first ambassador to Bahrain, this emerged a year after the two countries agreed to harmonize relations. However, Aluminium Bahrain (ALBA) is the first aluminium smelter in the Middle-East region, started its commercial operations back in 1971. The diplomat did not spell out the volume or the value of Israel's aluminium imports from Bahrain. According to Na'eh, Israel's national airline El Al should commence flights to Manama soon, while Bahrain's Gulf Air in September 2021announced the...
The global primary aluminium industry is spotted with much important news this week, such as Montenegro Uniprom in the Balkan nation has closed down the country’s exclusive aluminium smelter KAP, following its failure to agree on a new electricity price with power company EPCG. Veselin Pejovic, the CEO and Founder of Uniprom Group, held liable EPCG for being responsible for this extreme decision, while on the other hand, EPCG urged Pejovic to sit for another round of discussions to find a solution. To know more: https://www.alcircle.com/news/failed-to-reach-an-energy-agreement-montenegros-sole-aluminium-smelter-kap-shuts-down-74277 Sridhar Patra, the chairman and managing director of NALCO, has pointed out this week that the supply-demand mismatch in the aluminium market is expected to...
The London Metal Exchange opened this week on Tuesday, January 4, with LME aluminium cash (bid) price and LME aluminium official settlement price surge by US$9.50 per tonne to US$2,815 per tonne and US$2,815.50 per tonne, respectively. On January 5, the same prices soared by US$50.50 per tonne or 1.8 per cent to close at US$2,865.50 per tonne and US$2,866 per tonne. Continuing the price hike as operations at many smelters are cut, LME aluminium cash (bid) price and LME aluminium official settlement reached US$2,912 per tonne and USS$2,912.50 per tonne, up by US$46.50 per tonne from the previous day. The prices grew further on Friday, January 7, to close the week at US$2,919 per tonne and US$2,919.50 per tonne. 3-month bid price and 3-month offer price started the week on January 4 at US$...
In reaction to rising power rates, a large aluminium smelter in northern France will cut production by 15%, according to a representative for the plant. According to a spokesperson, Dunkirk aluminium smelter, which has an annual capacity of roughly 285,000 tonnes, has already reduced output by 10% and will reduce it by 5% again in the upcoming week, according to a spokesperson. Dunkirk is one of several European aluminium facilities that have reduced output since last month as a result of high power costs that have harmed the energy-intensive industry's profitability. A spokesperson for the company declined to comment on the possibility of further production reduction. If power rates do not fall, a CGT union leader at the plant, Laurent Geeraert, warned local radio station Delta FM that...
South32, a diversified mining firm, is exploring solutions for securing green power at the Hillside Aluminium smelter in the Kwazulu-Natal (KZN) area of South Africa. Given the introduction of carbon border taxes and end-user demand for green aluminium, if South32 is unable to secure an inexpensive supply of low-carbon power for Hillside, this vital KZN business risks becoming uncompetitive in the international market over time. South32 has begun just transition planning to support options for the smelter if its energy transition is not economically successful and the smelting becomes uncompetitive, due to the smelter's enormous economic and social relevance. Around 30% of Hillside's sales are to South African consumers, supporting local downstream industries and employment. Hillside has...
Romania’s one of the biggest vertically integrated aluminium producers, Alro has notified Transelectrica, the nation’s electricity transmission system operator in regards to the curbing of the proposed electricity consumption, as the metal company is supposed to shut down some of the electrolysis units where aluminium is produced. The rising prices of electricity have forced driven to plan the largest industrial energy consumer of Romania to curtail its aluminium production by 60% in 2022. Alro reported its request between 1 st January and 31 st January 2022 to restrain the power requested from the national grid by 50 MW. However, between 1 st February and 8 th February, the depletion will be 160 MW, while from 9 th February to the end of 2022, the aluminium producer entails 195 MW under...
