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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According to the Shanghai Metals Market, social inventories of primary aluminium in China have continued to decrease week-on-week across eight major consumption areas, including SHFE warrants. Data shows the inventories have plunged by 65,000 tonnes this week to come in at 799,000 tonnes as of December 30. SMM data has also shown that decline in inventories at Wuxi, Nanhai, and Gongyi have primarily contributed to the extended downfall of total primary aluminium inventories. The chart below indicates the current status of primary aluminium inventories across China in more details: Primary aluminium inventories in Wuxi have slipped by 40,000 tonnes week-on-week to stand at 286,000 tonnes on December 30, followed by the decline of 11,000 tonnes and 10,000 tonnes in Nanhai and Gongyi to come...
According to a statement filed with the Egyptian Exchange, Egypt Aluminum (Egyptalum) has signed a contract with Consulting Engineering Group (CEGMAN) to undertake a feasibility study for the vehicle rims manufacturing line project. Egypt Aluminum recorded a net profit after tax of EGP 304.718 million in the first quarter of the fiscal year (FY) 2021/2022, compared to a net loss of EGP 150.97 million in the first quarter of the fiscal year (FY) 2020/2021. Egyptalum is a firm headquartered in Egypt that specialises in extruding aluminium profiles for architectural and industrial uses. Aluminium billet casting, dies, extrusion, alloys, painting, and anodizing are some of the services provided by the firm.
On 29 th December 2021, the world's sixth-largest producer of aluminium Alcoa has announced that it has drawn up an agreement for the curtailment of operations at its San Ciprian smelter in Spain for the next two years. However, the American industrial corporation has also delivered its commitment to initiate restarting the facility in January 2024. Alcoa, with its corporate headquarters in Pittsburgh, Pennsylvania said the agreement with workers' representatives at the San Ciprian aluminium facility is focused on settling the challenges it is countering in regards to outrageous energy prices. Alcoa stated: “The deal will see the curtailment activity at the facility, which has 228,000 metric tons of annual capacity, begin Jan. 1, with the goal of completion before the end of that month.”...
According to the Shanghai Metals Market, A00 aluminium ingot price in China has hiked for the second consecutive day by RMB 210 per tonne to reach above RMB 20,000 per tonne yet again. Data shows the price is standing at RMB 20,130 per tonne as of December 30, with average prices likely to range between RMB 20,110 per tonne and RMB 20,150 per tonne. The spot contract is expected to be traded at a premium price of RMB 60-20 per tonne, up by RMB 10 per tonne from the previous day. In Wuxi, the primary aluminium ingot price has climbed by RMB 220 per tonne to stand at RMB 20,140 per tonne, while the price in Shenyang and Tianjin has increased by RMB 210 per tonne to come in at RMB 20,140 per tonne. A00 aluminium ingot price in Linyi has also witnessed a hike of RMB 210 per tonne but to peg...
LME aluminium opened at US$2,821 per tonne on Wednesday and closed at US$2,812 per tonne, down US$8 per tonne or 0.28%. LME aluminium cash (bid) price moved down by US$11.5 per tonne or by 0.40% to come in at US$2,834.50 per tonne, as of Wednesday, December 29. LME aluminium official settlement price decreased by US$13 per tonne or by 0.45% to total at US$2,835 per tonne, respectively. 3-month bid price and 3-month offer price for the same day was recorded at US$2,818 per tonne and US$2,818.50 per tonne. December 22 bid price and December 22 offer price closed at US$2,773 per tonne and US$2,778 per tonne. LME aluminium opening stock pegged at 959700 tonnes. Live warrants and Cancelled warrants for the same day stood at 710150 tonnes and 249550 tonnes. LME aluminium 3-month Asian Reference...
“At this juncture with revival of economy and post pandemic industrial activity back on track, any further restriction on one of the major raw materials for Aluminium will hamper the economic viability of Indian Aluminium industry to the extent of closure of operations thereby affecting the overall economy,” said AAI “The burden of any additional tariffs will be detrimental for the sustainability and cost competitiveness of the Aluminium industry as unlike other industries, it cannot pass through the burden of escalated cost to the end consumers as the global Aluminium prices are governed by London Metal Exchange," added AAI. According to the AAI, caustic soda imports are already restricted in India due to a variety of tariff and non-tariff restrictions, including the requirement to use...
The London Metal Exchange was closed on Tuesday, December 28, for Christmas Holiday. On Friday, December 24, LME aluminium cash (bid) price stood at US$2,846 per tonne. On the other hand LME aluminium official settlement price closed at US$2,848 per tonne. 3-month bid price and 3-month offer price for the same day stood at US$2,841 per tonne and US$2,841.50 per tonne, respectively. December 22 bid price and December 22 offer price hovered around US$2,797 per tonne and US$2,802 per tonne. SHFE Aluminium Price Trend On Wednesday, December 29, the benchmark aluminium price for SHFE moved up by US$25 per tonne to stand at US$3,127 per tonne. The most-traded SHFE 2202 aluminium closed down 0.28% or RMB 55 per tonne to RMB 19860 per tonne, with open interest down 1899 lots to 214526 lots. The...
According to the International Aluminium Institute, primary aluminium production in North America stood at 308,000 tonnes during November 2021, down by 10,000 tonnes or 3.14 per cent from 318,000 tonnes in October 2021. In September 2021, primary aluminium production in North America came in at 304,000 tonnes, meaning the output in October rose 14,000 tonnes or 4.61 per cent month-on-month. On a year-on-year calculation, North America’s primary aluminium production recorded a 6.10 per cent downfall from 328,000 tonnes. In three month time (from September to November), primary aluminium production amounted to 930,000 tonnes, 5 per cent or 49,000 tonnes less than 979,000 tonnes during the same period last year. From January to November, primary aluminium production in North America totalled...
The Aluminium Plant Podgorica, which is also commonly known as Uniprom KAP, is a Montenegrin aluminium smelting company located in Podgorica, Montenegro. Uniprom plans to complete the proposed close down of the electrolysis plant of aluminium smelter KAP by 30 th December 2021, as reported by local media agencies. On 26 th December 2021, Nebojsa Dozic, the General Manager of KAP said: “The aluminium company has so far shut down half of the electrolysis cells at the smelter.” However, in the previous week, Uniprom directed the smelter to commence a phased shutdown of cells in the electrolysis plant and on 15 th December, a drive which will lead to a halt in the production of primary aluminium due to a surge in energy price that state-run power distributor EPCG tenders to come into force...
To boost cost competitiveness in the sector, the domestic aluminium industry has sought a decrease in basic customs duty and a correction in the inverted duty structure on important raw materials such as pet coke, caustic soda, aluminium fluoride, and alumina. The Aluminium Association of India (AAI), on behalf of the local aluminium sector, has requested quick government help in the next Union Budget 2022-23. According to the AAI's pre-budget projections; it has also proposed an increase in the basic customs tax rate for aluminium and products from 10% to 15%, in line with the steel industry. It was also asked that the basic customs duty on raw aluminium is raised from 7.5% to 10%, the duty on aluminium scrap be raised from 2.5% to 10%, and that the duty on downstream aluminium products...
The non-power sector consumers of coal are expected to confront a shortage of dry fuel in January, as the centre continues to prioritise supply to the power sector. The decision of the Central government to prioritize the supply of coal for thermal power plants since July has raised concern among the non-power sector coal buyers like aluminium, steel and cement. As a result of which, the non-power sector coal buyers have complained about the low coal supply from Coal India Ltd (CIL). Aluminium, steel, and cement producers who rely on domestic coal to power their plants have expressed concern that low supplies are driving up input costs. Especially, for the aluminium producers, even a two-hour power outage could result in extended shutdowns. According to an industry source, several...
As per the local government notice, it has been revealed that the world's largest aluminium producer, China Hongqiao Group, which engulfs the entire aluminium industry chain, plans to shift 1.93 million tonnes of aluminium capacity to the Honghe prefecture in southwest Yunnan province. The statement released by the Yunnan industry department, which says that, the Chinese state-owned company that specializes in the production of aluminium lines up to reposition capacity from six projects in its Shandong units to Yunnan Honghe New Material Co via a capacity swap plan. The largest aluminium manufacturer, Hongqiao had committed to displacing around 2 million tonnes of its annual capacity from eastern Shandong province to Yunnan's Wenshan prefecture for smooth access to hydropower, a pristine...
The London Metal Exchange was closed on Monday, December 27, for the Christmas Holiday. On the last day of trading, which was on Friday, December 24, the three-month LME aluminium opened at US$2,845 per tonne and closed at US$2,820 per tonne, a decrease of US$28 per tonne or 0.98 per cent. LME aluminium cash (bid) price and LME aluminium official settlement price rose by US$28.50 per tonne and US$30 per tonne, respectively, to come in at US$2,846 per tonne and US$ 2,848 per tonne. 3-month bid price and 3-month offer price for the same day stood at US$2,841 per tonne and US$2,841.50 per tonne. SHFE Aluminium Price Trend On Tuesday, December 28, the benchmark aluminium price for SHFE decreased for the third day in a row by US$22 per tonne to total at US$3,102 per tonne. The most-traded SHFE...
National Aluminium Company Limited (NALCO) significantly hiked its aluminium ingot and aluminium products prices on Friday, December 24. The company’s aluminium ingot price came in at INR 242,550-246,050 per tonne, up by INR 10,600 per tonne or 4.5 per cent from INR 231,950- 235,450 per tonne on December 21. NALCO’s aluminium wire rod price also saw a jump of INR 10,600 per tonne from INR 234,450-238,800 per tonne on December 21 to INR 245,050-249,400 per tonne on December 24. Aluminium billets price range between INR 246,000-248,650 per tonne, compared to INR 235,400- 238,050 per tonne on December 21. NALCO links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which from December 21 to December 24, surged by US$152...
The European integrated aluminium producer in Romania, Alro stated that it has accomplished the acquisition of Vimetco Trading from its majority shareholder Vimetco PLC and its subsidiary, Vimetco Management Romanian, to become its sole owner. On 24 th December 2021, while filing a statement with the Bucharest Stock Exchange, BVB, Alro said the deal navigates the company to accomplish the integration of sales activities into the structure of the Alro Group. The accomplished transaction was assessed at the market value of Vimetco Trading, while it will empower Alro to upgrade its synergies between production and sales of finished products. Since 2008, Vimetco Trading has played the role of an agent without any representation of Alro in all worldwide markets of aluminium products. Alro, a...
Three-month LME aluminium opened at US$2,845 per tonne last Friday and closed at US$2,820 per tonne, a decrease of US$28 per tonne or 0.98 percent. LME aluminium cash (bid) price climbed up by US$28.5 per tonneor by 1.01 percent to stand at US$2,846 per tonne, as of Friday, December 24. LME aluminium official settlement price also went up by US$30 per tonne or by 1.06 percent to close at US$2,848 per tonne for the same day. 3-month bid price and 3-month offer price for the same day stood at US$2,841 per tonne and US$2,841.50 per tonne, respectively. December 22 bid price and December 22 offer price hovered around US$2,797 per tonne and US$2,802 per tonne. LME aluminium opening stock registered at 964175 tonnes. Live warrants and Cancelled warrants for the same day stood at 729150 tonnes...
On 6 th January 2022, the Indonesian state-owned company specialized in aluminium smelting, PT Indonesia Asahan Aluminum, commonly known as Inalum will be 46 years old. All it started with a joint venture between the Indonesian and Nippon Asahan Aluminium Co. Ltd., a consortium of Japanese companies with the status of Foreign Investment (PMA) in 1976, Inalum has blossomed rapidly to become the only aluminium smelter in Indonesia. However, on 19 th December 2013 witnessed an important moment, as Inalum was wholly owned by Indonesia with the status of a State-Owned Enterprise (BUMN) after the termination of the contract with a consortium of companies from Japan. Mahyaruddin Ende, Deputy Corporate Secretary, Inalum said: "We have several strategic projects from upstream to downstream and we...
Dear Readers, May our charm of readership remains glorified and hope we get to celebrate together many more Christmas in the coming years. While we are approaching the end of the year 2021 and getting ready to welcome 2022, we take this opportunity to share with you the top newsmakers of the industry in 2021. Bauxite Jamalco to initiate public offering (IPO) allowing Jamaicans to invest in the bauxite mining/alumina business company Dr Nigel Clarke, Jamaica's Minister of Finance and Public Service, said on 1 st December 2021 that Jamaicans may soon be able to participate in Jamalco, a bauxite mining/alumina firm, through an initial public offering (IPO). The Government of Jamaica is attempting to incorporate Jamalco and list the Government of Jamaica's 45% ownership in the company on the...
