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$2,655 per tonne last night and closed at US$2,622 per tonne, down 1.35 percent or $36 per tonne. On Tuesday, December 14, LME aluminium cash (bid) price stood at US$2,635 per tonne, after descending by US$40 per tonne or by 1.49 percent. LME aluminium official settlement price also moved down by US$41 per tonne or by 1.53 percent to close at US$2,636 per tonne. Prices of aluminium dipped on Tuesday as stockpiles in London Metal Exchange-registered warehouses increased, although losses were capped by strong demand and predicted restricted supply in major producer China. On the other hand, 3-month bid price and 3-month offer for the same day was recorded at US$2,630 per tonne and US$2,631 per tonne, respectively. December 22 bid price closed at US$2,623 per tonne...
India’s ministry of mines has reportedly recommended the ministry of finance to raise the import tariff on primary aluminium products, such as ingots and billets, from the existing 7.5 per cent to 10 per cent. The news came after industry sources said on Friday, December 10. “Earlier this week, private players of the domestic aluminium industry have approached the finance ministry for an import duty hike via the ministry of mines,” sources close to the development told Business Standard. As per the report, this recommendation has been made to discourage cheap imports of primary aluminium into the country and ramp-up the use of domestic metal. The top three aluminium producers in India like Hindalco Industries, Anil-Agarwal-led Vedanta Limited and National Aluminium Company (NALCO) are...
LME aluminium opened at US$2,612 per tonne last night and closed at US$2,662.50 per tonne, up 1.8 per cent. On Monday, December 13, LME aluminium cash (bid) price surged by US$51 per tonne or 1.94 per cent to stand at US$2,675 per tonne, while LME aluminium official settlement price came in at US$2,677 per tonne by climbing US$52 per tonne. 3-month bid price and 3-month offer price built-up by US$33.50 per tonne and US$32 per tonne to settle at US$2,650.50 per tonne and US$2,651 per tonne, respectively. December 22 bid price and December 22 offer price closed higher at US$2,643 per tonne and US$2,648 per tonne. LME aluminium opening stock decreased to 909650 tonnes. Live warrants increased to 742325 tonnes but Cancelled Warrants declined to 167325 tonnes. LME aluminium 3-month Asian...
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium products prices, with effect from Friday, December 10, following a cut on December 7. The company, under the ownership of Ministry of Mines, has raised its aluminium ingot price by INR 3,000 per tonne or 1.33 per cent to INR 229,250- 232,750 per tonne. On December 7, the product price stood at INR 226,250-229,750 per tonne, down by INR 5,600 per tonne from the previous day. NALCO’s aluminium wire rod price has also seen an increase of INR 3,000 per tonne from INR 228,750- 233,100 per tonne on December 7 to INR 231,750- 236,100 per tonne on December 10. Aluminium billets price has come in at INR 232,700- 235,350 per tonne, compared to INR 229,700- 232,350 per tonne on the previous day. NALCO links...
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On Thursday, December 9, 2021, Shaikh Daij bin Salman bin Daij Al Khalifa, Chairman of the Board of Directors of Aluminium Bahrain B.S.C (Alba), announced the commissioning of Alba's Spent Pot Lining (SPL) Treatment Plant, a US$37.5 million zero-waste plant that is the first of its kind in the region. The commissioning event was attended by Alba's Chief Executive Officer Ali Al Baqali, Chief Operations Officer Dr. Abdulla Habib, and the Executive Management team. “Bahrain, and Alba, have set many firsts in the Region - with the commissioning of the SPL Treatment Plant, we are proud to have once again set the benchmark in sustainability by transforming the Spent Pot Lining into value-added products. As ESG is our only way forward, we have proudly established this one-of-a-kind Project, and...
LME aluminium opened at US$2,625 per tonne last Friday and closed at US$2,611 per tonne, down US$16 per tonne or 0.61 percent. On Friday, December 10, LME aluminium cash (bid) price dipped by US$6 per tonne or by 0.22 percent to stand at US$2,624 per tonne. For the same day, LME aluminium official settlement price also dropped by US$6 or by 0.20 percent to peg at US$2,625 per tonne. 3-month bid price and 3-month offer price registered at US$2,617 per tonne and US$2,619 per tonne, respectively. December 22 bid price and December 22 offer price closed at US$2,610 per tonne and US$2,615 per tonne. LME aluminium opening stock settled at 913200 tonnes. Live warrants for the same day were recorded at 741050 tonnes and cancelled warrant for the same day registered at 172150 tonnes. LME aluminium...
The global primary aluminium industry this week saw a few major updates such as the appointment of Sayed Salah Sayed Aqeel by the first aluminium smelter in the Gulf region Aluminium Bahrain B.S.C (Alba) as a new Acting Manager for Environment, Social and Governance (ESG). To strengthen Alba’s ESG transformation drive, Sayed Salah will report directly to the CEO and spearhead Alba’s soon-to-be-announced Sustainability Fully-Fledged Roadmap. To know more: https://www.alcircle.com/news/albas-esg-transformation-drive-strengthened-with-the-appointment-of-new-acting-manager-sayed-salah-73051 Rusal this week announced that the company's trademark, low carbon aluminium brand ALLOW has ranked in the League of Green Brands, the first national ranking of sustainable brands. The League of Green...
The LME aluminium benchmark price closed the week, ended December 10, at 0.87 per cent or US$23/t lower than US$2,648 per tonne on December 3, while.the SHFE aluminium price settled 0.75 per cent or USS$22/t higher this week compared to US$2,936 per tonne on December 3. LME aluminium cash (bid) price and LME aluminium official settlement price opened the week on Monday, December 6, with a decline of US$47.5 per tonne or 1.79 percent to come in at US$2,599.50 per tonne and US$2,600.50 per tonne, respectively. On Tuesday, December 7, the prices increased by US$25 per tonne and US$24.50 per tonne to stand at US$2,624.50 per tonne and US$2,625 per tonne. They inched up the next day to US$2,625 per tonne and US$2,626 per tonne and further rose on December 9 to US$2,630 per tonne and...
The Dutch Aluminum producer, Delfzijl Aluminum commonly known as Aldel has been safeguarded from a third-time bankruptcy but it pursues to axe several jobs. The present director of the company, Chris McNamee and his company Aloft are taking over the facility in Delfzijl from the American private equity fund York Capital. However, the reorganization will be encountering 120 lay-offs from 325 permanent employees and it is anticipated that it will drive Aldel to get rid of almost all its debts. In 1966, Damco Aluminum Delfzijl (Aldel) was established in Delfzijl and considered as one of the biggest employers in Northeast Groningen. The plant melts and casts high-quality aluminium that is consumed in the automobile sector among others. Due to the high prices for electricity and gas, Aldel had...
Norsk Hydro’s aluminium smelter in Sunndal in western Norway holds the place as the largest smelter in Europe and also the producer of low-carbon aluminium. The investment of NOK 750 million by the global aluminium giant is towards the replacement and upgrade of the existing high voltage and rectifier system, new service cranes and electrification of selected operating vehicles will secure that this position stands strong also in the coming decades. Eivind Kallevik, Executive Vice President, Hydro Aluminium Metal said: “This is an investment in the future of Hydro Sunndal and it shows our commitment to low-carbon, hydropower-based aluminium as an enabler for the green transition. Hydro Sunndal will continue to be a leading producer of Hydro REDUXA low-carbon aluminium to the automotive...
The world’s top four aluminium associations, the United States, Europe, Canada and Japan have welcomed the commitment of Ministers to “Renew their trilateral partnership to address the global challenges posed by non-market policies and practices of third countries that undermine and negatively affect our workers and businesses.” On 30 th November 2021, in a joint statement, Ambassador Katherine Tai, United States Trade Representative, Mr Hagiuda Koichi, Minister of Economy, Trade and Industry of Japan and Mr Valdis Dombrovskis, Executive Vice President of the European Commission, agreed to focus their efforts on identifying problems due to non-market practices, gaps in existing enforcement tools, and areas where further work is needed to develop rules to address non-market practices....
LME aluminium opened at US$2,622 per tonne on Thursday, December 9, and closed at US$2,627 per tonne, down US$8 per tonne or 0.3 per cent. LME aluminium cash (bid) price increased by US$5 per tonne to stand at US$2,630 per tonne, while LME aluminium official settlement price rose by US$4.50 per tonne to close at US$2,630.50 per tonne as of December 9. 3-month bid price climbed by US$8 per tonne to US$2,633 per tonne and 3-month offer price gained US$7 per tonne to come in at US$2,634 per tonne. December 22 bid price and December 22 offer price settled at US$2,620 per tonne and US$2,625 per tonne, respectively. LME aluminium opening stock further decreased to 890650 tonnes. Live warrants for the same day rose to 712375 tonnes, while cancelled warrants shrank to 178275 tonnes. LME aluminium...
Veselin Pejovic, the CEO and owner of Uniprom stated that Montenegro's KAP aluminium smelter is projected to gradually shut down due to the hostile energy prices that will come into effect as of 1 st January 2022. On 8 th December 2021, the CEO said: "Just at the moment when the price of aluminium is very favourable on the market, unfortunately, I must say that some people did everything for me to announce today that KAP is closing." “The planned shutdown of the smelter will begin on 15 th December”, Pejovic further added. "We are concerned, in the first place, about the dismissal of over 500 workers and the termination of cooperation with more than 200 domestic companies.” It was earlier reported that KAP is planning to cease production operations due to the inflated power costs and also...
According to the Shanghai Metals Market, social inventories of primary aluminium in China have continued to shrink for the third week in a row ending December 9, 2021. Data shows the inventories have decreased by 50,000 tonnes across eight major consumption areas, including SHFE warrants, to stand at 952,000 tonnes. Last week, on December 2, China’s primary aluminium inventories slipped 15,000 tonnes week-on-week to stand at 1 million tonnes. The chart below indicates the current status of primary aluminium inventories across China in more detail: In Wuxi, primary aluminium inventories have declined by 25,000 tonnes this week to stand at 378,000 tonnes versus 403,000 tonnes on December 2, while the inventories in Nanhai have slipped by 13,000 tonnes to come in at 220,000 tonnes. In...
Century Aluminum Company, US-based primary aluminum producer, has reportedly announced the addition of a member to its Board of Directors. With the appointment of Jennifer Bush, the company’s total members in the Board have come to six. Bush is appointed as an independent director with an immediate effect with a term expiring at Century’s annual meeting of stockholders in 2022. Ms. Bush served Cummins Inc. since 1997. From 2017, she was the Vice President, Cummins Sales and Service, North America. She leads the North America distribution business, overseeing a $5 billion segment with more than 250 locations and 9,000 employees. Ms. Bush joins Century with 25 years of experience of global P&L, commercial and operational leadership in industrial businesses to the Board, along with a strong...
Hindalco Industries Limited raised its aluminium ingot and aluminium products prices on Wednesday, December 8, following a cut on the previous day, December 7. The company’s aluminium ingot price saw a rise of INR 2,250 per tonne from INR 229,500 per tonne to INR 231,750 per tonne, as of December 8. Hindalco’s aluminium wire rod price came in at INR 242,850 per tonne on December 8 after being raised by INR 2,250 per tonne as well from 240,600 per tonne on December 7. Aluminium billets price increased from INR 243,600 per tonne to INR 245,850 per tonne, also up by INR 2,250 per tonne. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which on December 7 increased by US$24.50 per tonne to US$2,625 per tonne....
LME aluminium opened at US$2,625 per tonne last night and closed at US$2,635 per tonne, an increase of US$10.5 per tonne or 0.4 percent. On Wednesday, December 8, LME aluminium cash (bid) price inched by US$0.5 per tonne or by 0.01 percent to peg at US$2,625 per tonne. LME aluminium official settlement price increased slightly by US$1 per tonne or by 0.03 percent to close at US$2,626 per tonne. 3-month bid price and 3-month offer price stood at US$2,625 per tonne and US$2,627 per tonne. December 22 bid price and December 22 offer price totalled at US$2,618 per tonne and US$2,623 per tonne. LME aluminium opening stock was recorded at 894350 tonnes. Live warrants for the same day totalled at 710375 tonnes and cancelled warrant closed at 183975 tonnes. LME aluminium 3-month Asian Reference...
On 7 th December 2021, the leading global aluminium producer announced that it has secured the silver sustainability recognition level from EcoVadis, the world’s largest and most trusted business sustainability rating provider. EcoVadis also supplies intelligence and collaborative performance improvement tools for global supply chains. The Russian aluminium giant is constantly working to enhance its environmental, social and management indicators, introducing sustainable development principles into the activities of all structural divisions and enterprises. However, this year, the company was awarded the EcoVadis Silver medal following an independent assessment, which confirms RUSAL's significant progress in improving sustainable development practices compared to the 2020 assessment, when...
