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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In the wake of sustained expansion and success, Aluminium Bahrain B.S.C. (Alba), the world's biggest smelter outside of China and an employer of choice in the region, announced record-breaking 600-plus staff promotions for 2021 during a ceremony conducted on December 29, 2021, at the Company's premises. Alba's Master Training Plan (started in 2019), Skills Matrix, Training & Development Programme (TDP), and the most recent, Al Jisr Programme, all had a role in the promotions (launched in 2020). “Alba success relies on the strength of its employees and our business is as good as our human capital. We believe that by investing in our nationals, we will be preparing them to shape our culture and keep us on course as the number one Aluminium supplier for the generations to come,” said Alba’s...
Egypt Aluminum’s (Egyptalum) (EGAL) marketing head and spokesperson Ehab El Elwany has reported that the company has kept its supplying prices of aluminum to factories and retailers unchanged for January 2022. The price of local aluminium, excluding taxes, is between EGP 52,000 and EGP 64,000, noted El Elwany. Mr Elwany also highlighted that Egyptalum has maintained its supplying prices even amid the increase in global aluminium prices by an average of $30 per tonne, recording at $2,680 per tonne in December 2021. It is worth noting here that Egypt Aluminum had successfully achieved a net profit after tax of EGP 304.718 million for 1QFY2021-22, against a net loss of EGP 150.97 million in 1QFY2020-21. Egypt Aluminum is an Egypt-based company specialising in primary aluminium production,...
National Aluminium Company Limited (NALCO) reduced its aluminium ingot and aluminium products prices, with effect from Saturday, January 1, 2022. The company cut its aluminium ingot price by INR 4,200 per tonne to 238350–241850 per tonne as of January 1. Last time, on December 24, NALCO had significantly increased its aluminium ingot price by INR 10,600 per tonne to INR 242,550-246,050 per tonne. NALCO’s aluminium wire rod price also saw a slash of INR 4,200 per tonne on January 1 from INR 245,050-249,400 per tonne to INR 240,850-245,200 per tonne. Aluminium billets price witnessed no exception but a downfall of INR 4,200 per tonne as well to INR 241,800- 244,450 per tonne. On December 24, NALCO’s aluminium billets price stood at INR 245,050-249,400 per tonne. NALCO links its aluminium...
The London Metal Exchange was closed on January 3, 2022 for New Year’s Day. On the previous day, December 31, 2021, LME aluminium cash (bid) price and LME official settlement price closed at US$2,805.50 per tonne and US$2,806 per tonne, respectively, by losing US$23.50 per tonne or by 0.83 per cent. 3-month bid price and 3-month offer price for the same day totalled at US$2,805 per tonne and US$2,810 per tonne. LME aluminium opening stock came in at 939200 tonnes. Live warrants came in at 709625 tonnes, while Cancelled warrants hovered around 229575 tonnes. LME aluminium 3-month Asian Reference Price settled at US$2,815.60 per tonne, for the same day. SHFE Aluminium Price Trend On Tuesday, January 4, the benchmark aluminium price for SHFE declined by US$22 per tonne to stand at US$3,175...
On 3 rd January 2022, the largest producer of aluminium in India, Vedanta declared that cast metal aluminium production at its smelters stood at 579,000 tonnes in Q3 of the current financial, documenting a rise of 16%. While filing to the BSE, the company stated: “The cast metal aluminium production at our smelters stood at 5,79,000 tonnes in Q3 FY22, higher 16% in comparison to Q3 FY2021 and 2% as compared to Q2 FY2022.” However, the company’s alumina refinery in Lanjigarh produced 472,000 tonnes of alumina in Q3 FY22, a 16% up-rise when compared to Q3 FY2021 and 8% lower as compared to Q2 FY2022. Vedanta created a record in aluminium production, as it registered 1,697,000 tonnes in nine months ended FY2022, 18% higher Y-o-Y and alumina production were 1,465,000 tonnes, 9% higher Y-o-Y.
The American industrial corporation producing aluminium Alcoa Corp has inked a pre-agreement with Capital Energy, a Spanish renewables company to secure some 573 MW of wind power for its San Ciprian aluminium smelter in the north-western part of Spain. Capital Energy in the previous week stated, “We had committed to supply 876 GWh per year to the smelter for an initial period of ten years. The power would come from 11 wind farms that Capital Energy is currently developing in the region of Galicia” It further added, “We had been granted grid access rights for all of the projects, and is now working on securing the permits.” However, the supply of wind energy to the Galicia-based San Ciprian aluminium smelter is set to commence in 2024. The fresh pre-agreement emerges following Alcoa inked...
In the Balkan nation, Montenegro Uniprom has closed down the country’s exclusive aluminium smelter, KAP, with the proceedings being accomplished by 30 th December 2021, following its failure to agree on a new electricity price with power company EPCG. However, Uniprom notified earlier that it would close KAP due to the skyrocketing price of electricity making its production unviable. 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. KAP was paying €45 per MWh plus VAT by the end of 2021, whereas on international markets the electricity price is now around €250 per MWh. The energy supply contract between KAP and EPCG...
According to Sridhar Patra, the chairman and managing director of NALCO, the supply-demand mismatch in the aluminium market is expected to grow in 2022. Aluminium prices have swung wildly in the last year, rising 42% for the year despite a 12% drop from their peak. In 2021, the stock price of National Aluminium Company Limited (NALCO), a major aluminium producer, has increased by almost 130%. A mismatch in the global aluminium market, according to Patra, may keep prices high, with prices hovering around USD 2,600-2,700 per tonne. National Aluminium Corporation Limited (NALCO) is a well-known name in Eastern India's industrial landscape. It's one of the country's largest combined Bauxite-Alumina-Aluminium-Power Complexes. The government of India now owns 51.28% of the paid-up equity...
The month of December and also the year 2021 ended and the global aluminium industry welcomed the New Year 2022 with a lot of hope and desire. However, the month of December 2021 documented some very important decisions floated by various industry giants. The Romanian aluminium producer, Alro's aluminium smelter has already commenced the closedown procedure, as it has planned to slash down 60% of the production during the first phase. The Dunkerque Aluminium in France has also slashed its production output due to a surge in energy prices, while in India, the flagship company of Adani Group, Adani Enterprises declared that it has engulfed a wholly-owned subsidiary Mundra Aluminium Limited on 17th December 2021. China's aluminium sector, the world's largest, is growing increasingly reliant...
On Friday, December 31, both LME aluminium cash (bid) price and LME aluminium official settlement decreased by US$23.5 per tonne or by 0.83% to settle at US$2,805.50 per tonne and US$2,806 per tonne. 3-month bid price and 3-month offer price for the same day totalled at US$2,805 per tonne and US$2,810 per tonne. December 22 bid price and December 22 offer price registered at US$2,768 per tonne and US$2,773 per tonne, for the same day. LME aluminium opening stock came in at 939200 tonnes. Live warrants and Cancelled warrants for the same day stood at 709625 tonnes and 229575 tonnes. LME aluminium 3-month Asian Reference Price settled at US$2,815.60 per tonne, for the same day. SHFE Aluminium Price Trend The most-traded SHFE 2202 aluminium closed up 0.54% or RMB 110 per tonne to RMB 20380...
While the pandemic isn’t over, I believe we are moving into a more positive era. The DS&P 500 average is up by 26.9% on last year and we are seeing a real uptick in customer activity. Wind the clock back a year and while plants were still operational, many technical and managerial staff were furloughed and product trials to improve process efficiencies were put on the backburner. Like others in our boat, we felt the impact of this, but towards the end of the year, we started seeing renewed interest. Three of the major groups who are keen to start exploring ways to reduce costs and improve quality again have started trialling our high-efficiency Optifine grain refiner, which looks positive. Optifine has been used to successfully cast over 16 million tonnes of aluminium since 2010 and we...
Innovate or be left behind. What will drive the next phase of AM advancement? Software or hardware? We think material innovation is the key to addressing the many challenges posed in product development along with digitalisation. This and more are what we are exploring and implementing at Fehrmann Tech Group. The current Covid 19 pandemic has brought many businesses to a halt and has posed severe challenges but has also presented us with opportunities to invent. One of the most talked-about issues has been the supply chain disruption and its impact on manufacturing. That is where additive manufacturing has been able to address this disruption through on-demand and on-site manufacturing, also known as distributed manufacturing. Potentially servicing customers at the point of need and in...
Some of the key highlights in the global primary aluminium industry this week include Emirates Global Aluminium pays off in full $361 million, which the Mubadala backed company has raised as project finance from 13 banks and export credit agencies, Alro remains in dismay and alert that around 1300 staff or one-third of its labour force might get laid-off, as the company will curtail production at its aluminium smelter for primary aluminium production by 60% in 2022, and Norsk Hydro to axe around 60% production of Slovalco, its majority stake owned aluminium plant in Slovakia countering high energy prices. Let us now look at each of those news in further details: The leader in global aluminium production, Emirates Global Aluminium has paid off in full $361 million, raised by the Mubadala...
In November 2021, primary aluminium production in Russia & Eastern Europe stood at 339,000 tonnes, down by 13,000 tonnes or 3.69 per cent from 352,000 tonnes in October. In September, production in Russia & Eastern Europe totalled 340,000 tonnes, meaning the output in October climbed 3.52 per cent or 12,000 tonnes month-on-month. Total primary aluminium production from September to November amounted 1.031 million tonnes, 0.87 per cent less than 1.040 million tonnes in the previous three months but 0.19 per cent more than 1.029 million tonnes a year ago. From January to November 2021, Russia & Eastern Europe churned out 3.788 million tonnes of primary aluminium in total, which was 0.34 per cent down from 3.801 million tonnes during the same period last year. Primary aluminium production...
The representatives of the trade union of Romanian aluminium producer Alro remains in dismay and alert that around 1300 staff or one-third of its labour force might get laid-off, as the company will curtail production at its aluminium smelter for primary aluminium production by 60% in 2022. The number of unemployed is anticipated to increase, as the organizations in the province that rely on Alro employ around 20,000. On 30 th December a demonstration was organised at the headquarters of Alro. The trade union seeks intervention from the Government and President to save the Romanian aluminium industry. Alro has already notified that the enormous reduction in the capacity of primary aluminium production from five to two electrolysis units is the way to counter the spike in the electricity...
LME aluminium opened at US$2,813.50 per tonne on Thursday, December 30, and closed at US$2,815 per tonne, an increase of US$3 per tonne or 0.11 per cent. Both LME aluminium cash (bid) price and LME official settlement price continued to decrease on Thursday, December 30, to stand at US$2,829 per tonne and US$2,829.50 per tonne, respectively. Data showed the prices dropped by US$5.50 per tonne. On the other hand, 3-month bid price and 3-month offer price increased by US$6.50 per tonne and US$7 per tonne to come in at US$2,824.50 per tonne and US$2,825.50 per tonne. December 22 bid price and December 22 offer price also closed higher at US$2,793 per tonne and US$2,798 per tonne, respectively. LME aluminium opening stock slipped to 943500 tonnes. Live warrants remained restrained at 710150...
On 30 th December 2021, the Norwegian aluminium giant, Norsk Hydro stated that it will axe around 60% production of Slovalco, its majority stake owned aluminium plant in Slovakia countering high energy prices. In 2021, the swelling cost of power and natural gas covering the European continent has driven production curtailments at aluminium smelters and many other plants affecting the manufacturing industries. Slovalco already declared in 2019 its capacity cut to 80% and also stated that the fresh deduction to 60% proportional to an annual abatement of 35,000 tonnes of aluminium. However, the company has not commented on its time to effect. Hydro said: "Slovalco will continue to monitor the situation closely in the coming weeks and months.” While in Norway, Hydro has not emerged for any...
The leader in global aluminium production, Emirates Global Aluminium has paid off in full $361 million, which the Mubadala backed company had raised as project finance from 13 banks and export credit agencies. However, these funds were utilized significantly towards the expansion of its Al Taweelah smelter plant in Abu Dhabi. EGA said in a statement: “The funds relate to two tranches that were taken out, and were repaid four- and seven years before they became due. The early repayment further deleverages EGA and is an important part in the company’s capital structure optimisation strategy.” The financing of EGA has been narrowed by over $1 billion in the existing two years and now incorporates a senior term loan facility of $5.5 billion. Guinea Alumina Corporation, the subsidiary of EGA...
