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 November 2021, the global primary aluminium production stood at 5.497 million tonnes, a decrease of 3.37 per cent from 5.689 million tonnes in October. On a year-on-year calculation too, the output stood down, although marginally, by 0.20 per cent than 5.508 million tonnes. In three month time (September-November), the world primary aluminium output totalled 16.667 million tonnes, up by 0.79 per cent from 16.537 million tonnes during the same period last year. From January to November, total production of primary aluminium across the world amounted to 61.792 million tonnes, an increase of 3.63 per cent from 59.629 million tonnes a year ago. China, the world’s largest primary aluminium producer, churned out 3.160 million tonnes of the metal in November, which reflected a month-on-month...
On Monday, December 20, Aluminum Mini Futures dropped by -2 percent to stand at 216.15 as the COVID-19 pandemic scenario remained depressing, and the omicron version was discovered in many locations, which alarmed the market. Aluminium supply remained low, and strong downstream demand continued to push down societal inventories of aluminium ingots. SHFE aluminium, on the other hand, has lost its upside momentum due to a slowing drop in aluminium ingot inventories and declining alumina prices. The International Aluminium Institute (IAI) reported that global primary aluminium output declined 0.22 percent year-on-year in November to 5.497 million tonnes. According to the IAI, Chinese output fell to 3.16 million tonnes in November 2021 from 3.207 million the previous month. China's aluminium...
After the two consecutive days of hike on December 17 and 20, A00 aluminium ingot price in China has plunged by RMB 160 per tonne to stand at RMB 19,420 per tonne on Tuesday, December 21, found the Shanghai Metals Market. The average prices are expected to range between RMB 19,400 per tonne and RMB 19,440 per tonne, with spot contract to be traded at a premium price of RMB 140-100 per tonne. In Chongqing, the primary aluminium ingot price has nosedived by RMB 200 per tonne to stand at RMB 19,460 per tonne, while the price in Hangzhou has shrunk by RMB 175 per tonne to come in at RMB 19,415 per tonne. In Gongyi, Wuxi, and Shenyang, A00 aluminium ingot price has decreased by RMB 170 per tonne to peg at RMB 19,420 per tonne, RMB 19,410 per tonne, and RMB 19,380 per tonne, respectively. In...
On Monday, December 20, LME aluminium cash (bid) price moved down by US$47 per tonne or 1.74 percent to stand at US$2,645 per tonne. LME aluminium official settlement price on the other hand dropped down by US$48.5 or by 1.80 percent to come in at US$2,645.50 per tonne, for the same day. 3-month bid price and 3-month offer price was recorded at US$2,674 per tonne and US$2,675 per tonne. December 22 bid price and December 22 offer price stood at US$2,655 per tonne and US$2,660 per tonne. LME aluminium opening stock closed at 975825 tonnes. Live warrants and cancelled warrant closed at 754300 tonnes and 221525 tonnes. LME aluminium 3-month Asian Reference Price settled at US$2,694.50 per tonne. SHFE Aluminium Price Trend On Tuesday, December 21, the benchmark aluminium price for SHFE...
China’s aluminium imports have already recorded a year high within 11 months (January-November) of 2021 as limited domestic aluminium production due to power usage restrictions underpin demand for overseas metal. According to China customs data, arrivals of unwrought aluminium and products, including primary metals and unwrought, alloyed aluminium, recorded a 15-month peak at 397,915 tonnes in November. That was 34 per cent up month-on-month from 297,043 tonnes and 109.3 per cent higher on the year. Total imports in 11 months amounted to 2.97 million tonnes, beating the previous annual record of 2.7 million tonnes in 2020. China, the world’s top aluminium producer of aluminium and a net exporter of the metal, has been importing unprecedented volume of the metal since market recovery from...
LME aluminium opened at US$2,676 per tonne last Friday and closed at US$2,733.50 per tonne, an increase of US$52.5 per tonne or 1.96 per cent. On Friday, December 17, LME aluminium cash (bid) price and LME aluminium official settlement price soared by US$64 per tonne or 2.4 percent to come in at US$2,692 per tonne and US$2,694 per tonne, respectively. 3-month bid price and 3-month offer price jumped by US$66 per tonne to US$2,710 per tonne and US$2,711 per tonne. December 22 bid price and December 22 offer price hovered around US$2,695 per tonne and US$2,700 per tonne, up by US$57 per tonne from the previous day. LME aluminium opening stock registered at 979600 tonnes. Live warrants and Cancelled Warrants were found 821350 tonnes and 158250 tonnes, respectively. LME aluminium 3-month...
The Indian multinational conglomerate, headquartered in Ahmedabad, Gujrat, Adani Group, led by billionaire businessman Gautam Adani is all set to invade into the business of establishing up an aluminium smelter and alumina refinery. On 18 th December 2021, the flagship company of Adani Group, Adani Enterprises declared that it has engulfed a wholly-owned subsidiary Mundra Aluminium Limited on 17 th December 2021. However, the company notified during an exchange filing that Mundra Aluminium, which is yet to begin its business operations, has authorised and paid-up share capital of INR 100,000. The filing further revealed: "Mundra Aluminium Limited is incorporated with the object to venture into the business of setting up alumina refinery and an aluminium smelter.” “Mundra Aluminium is...
One of the major highlights that grabbed the attention of the primary aluminium industry this week was the written recommendation by India’s ministry of mines for the raise of import tariff on primary aluminium products. Early this week, the ministry of mines recommended the ministry of finance to increase the tariff from the existing 7.5 per cent to 10 per cent, in a bid to discourage cheap imports of primary aluminium into the country and ramp-up the use of domestic metal. To know more: https://www.alcircle.com/news/india-ministry-of-mines-recommend-additional-10-import-duty-on-primary-aluminium-products-73131 The other news that created a buzz was the World Bureau of Metal Statistics (WBMS) report, which revealed a shortage of 1.366 million tonnes of global primary aluminium supply...
Rusal, a leading global producer of aluminium, has reportedly commenced the operation of the first phase of the world’s most advanced low-carbon aluminium production plant Taishet Aluminium Smelter (TaAZ) in Taishet, Siberia. This represents Rusal’s commitment to decarbonize its operations and consumer products chains. The news came after the smelter’s opening ceremony on December 17, attended by the representative of the President of the Russian Federation in the Siberian Federal District Anatoly Seryshev, Deputy Prime Minister of the Russian Federation Victoria Abramchenko, Governor of the Irkutsk Region Igor Kobzev, and the General Director of RUSAL Evgenii Nikitin. The smelter is considered one of the greenest in the world, run on clean energy from Siberian hydroelectric power plants....
The World Bureau of Metal Statistics (WBMS) released a report on Wednesday, December 15, revealing the shortage of 1.366 million tonnes of global primary aluminium supply from January to October 2021, in contrast to the metal surplus of 1.271 million tonnes in 2020. The global demand for primary aluminium from January to October 2021 totalled 57.62 million tonnes, an increase of 4.42 million tonnes a year ago. Demand is measured by apparent data, and the nationwide blockade may affect trade statistics. Primary aluminium demand in Japan grew by 265,000 tonnes, while that in the United States increased by 112,000 tonnes. The global production of primary aluminium rose 4.1 per cent during January-October compared to the same period last year. As a result, inventory at the end of October was...
LME aluminium opened at US$2,605 per tonne on Thursday and closed at US$2,690.5 per tonne, an increase of US$80 per tonne or 3.08 percent. On Thursday, December 16, LME aluminium cash (bid) price hiked by US$32 per tonne or by 1.23 percent to close in at US$2,628 per tonne. LME aluminium official settlement price also levelled up by US$33 per tonne or by 1.27 percent to come in at US$2,630 per tonne. 3-month bid price and 3-month offer price totalled at US$2,644 per tonne and US$2,645 per tonne for the same day. December 22 bid price and December 22 offer price was recorded at US$2,638 per tonne and US$2,643 per tonne. LME aluminium opening stock registered at 984650 tonnes. Live warrants and cancelled warrant for the same day was found out to be 849025 tonnes and 135625 tonnes,...
Social inventories of primary aluminium in China have extended the fall this week to stand at 910,000 tonnes, as of December 16, found the Shanghai Metals Market. SMM data shows the inventories have plunged today by 42,000 tonnes across eight major consumption areas, including SHFE warrants, contributed mainly by Wuxi. A week ago, on December 9, primary aluminium inventories stood at 952,000 tonnes after being decreased by 50,000 tonnes week-on-week. The chart below indicates the current status of primary aluminium inventories across China in more detail: In Wuxi, primary aluminium inventories have plummeted by 24,000 tonnes from the previous week to stand at 354,000 tonnes, while the inventories in Nanhai have declined by 9,000 tonnes to settle at 211,000 tonnes. In Hangzhou and...
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices back-to-back, with effect from Thursday, December 16. After a cut of INR 2,750 per tonne on December 15, Hindalco’s aluminium ingot price sees another slash of the same amount on December 16 to stand at INR 231,500 per tonne. On December 15, the company’s aluminium ingot price stood at INR 234,250 per tonne compared to INR 237,000 per tonne on the previous day. Hindalco’s aluminium wire rod price has also been shrunk by INR 2,750 per tonne on December 16 from INR 245,350 per tonne to INR 242,600 per tonne. The latest cut has brought the aluminium billets price to INR 245,600 per tonne, which is down by INR 2,750 per tonne as well from INR 248,350 per tonne. Hindalco Industries has back-to-back cut...
On 15 th December 2021, Mubadala Investment Company backed Emirates Global Aluminium (EGA) publicized that Chief Commercial Officer and architect of the marketing strategy that made EGA the biggest ‘premium aluminium’ producer in the world, Walid Al Attar is to step down after 37 years of service to the company. However, Walid Al Attar will pursue to deliver his expertise as a senior advisor to EGA’s Chief Executive Officer Abdulnasser Bin Kalban. The Chief Marketing Officer since February 2021, Adel Abubakar will now directly report to the CEO of EGA. Adel Abubakar has been associated with EGA since 2006, which comprised working for almost a decade in the United States, developing the aluminium company’s North American business. The CMO will also shoulder the responsibility for EGA’s...
Three-month LME aluminium opened at US$2,630 per tonne on Wednesday, December 15, and closed at US$2,601 per tonne, down $21 per tonne or 0.8 per cent. On Wednesday, December 15, LME aluminium cash (bid) price and LME aluminium official settlement price decreased for the second day in a row this week by US$39 per tonne to stand at US$2,596 per tonne and US$2,597 per tonne, respectively. 3-month bid price and 3-month offer price slipped US$40.50 per tonne and US$41 per tonne to hover around US$2,589.50 per tonne and US$2,590 per tonne. December 22 bid price closed at US$2,583 per tonne and December 22 offer price settled at US$2,588 per tonne. LME aluminium opening stock increased to 990550 tonnes. Live warrants hiked to 861800 tonnes but Cancelled Warrants dropped to 128750 tonnes. LME...
The integrated electricity company located in Niksić, Montenegro Elektroprivreda Crne Gore (EPCG) stated that the government has the power to decide whether the company should take charge of the production at KAP aluminium smelter owned by Montenegro's Uniprom. The majority state-owned power supplier EPCG on 13 th December 2021 said it is not registered for aluminium production, so the decision of regardless to accept the proposal of Uniprom should be formulated by the majority shareholder. On 11 th December, Uniprom proposed to EPCG to take charge of the production at KAP smelter gratis for a year commencing from 1 st January 2022 to evade the facility’s shut down due to a hostile energy price, which EPCG has tendered to be effective in early 2022. EPCG said: "The board of directors...
Hydro is nearing to give shape to its new sustainability ambition, announcing to most likely deliver the first commercial volumes of near-zero carbon aluminium in 2022. This will be an initial step to its continuing efforts towards an industrial-scale pilot producing carbon-free aluminium by 2030. Hydro says that it will deliver the first commercial volumes of aluminium with 0.5-1 kg CO2/kg aluminium, which will come from the use of more recycled post-consumer aluminium scrap, a significant improvement from the current 2.3 kg CO2/kg aluminium in Hydro CIRCAL extrusion ingot. President and CEO Hilde Merete Aasheim said, “The world needs a green transition to fight climate change. This is both our most important challenge and our biggest opportunity. The world must reduce its carbon...
On Tuesday, December 14, Vedanta Aluminium Business launched its Sustainable Development Report (SDR) titled, ‘Nature, Nurture, Future’, for FY 2020-21. Vedanta Aluminium Business, a part of Vedanta Limited, is India's largest aluminium maker, generating more than half of the country's aluminium, or 1.97 million tonnes in FY21. The report was launched on World Energy Conservation Day in the campus connect programme with TERI School of Advanced Studies. The programme was attended by students, alumni and faculty from TERI SAS. The report summarises the company's performance in key sustainability areas such as energy and climate change management, water management, biodiversity management, air quality and emissions control, health and safety, social impact and governance, and so on for the...
