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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Alinta Energy, an Australian energy business, has announced intentions to develop a 1GW wind farm 10 kilometres off the coast of Portland, Victoria. The project would make the Portland aluminium smelter one of the country's first to run entirely on renewable energy. It will provide energy to the Portland Aluminium Smelter as well as to the east coast electricity grid. Alinta announced on Tuesday that the Spinifex offshore wind project will cost up to $4 billion and would create new construction and operational jobs, as well as assist safeguard jobs at the smelting site. Before finalising the $4 billion project, wind monitoring, site assessments, investment and consultations are planned to take place next year. “The area we’re investigating is around 500km and about ten kilometres from the...
In November (30 days) 2021, China’s aluminium production stood at 3.07 million tonnes, reflecting a year-on-year decrease of 3 per cent, found the Shanghai Metals Market. The daily average output came in at 102,000 tonnes, flat on the month. From January to November, China’s total aluminium production amounted to 35.32 million tonnes, an increase of 4.35 per cent year-on-year. The domestic aluminium capacity increased slightly in November, but the capacity in Guangxi and Chongqing decreased due to power rationing. The accident at an aluminium plant in Wenshan, Yunnan, also affected the monthly output. However, some aluminium plants in Henan, Yunnan, and Inner Mongolia resumed production, which partially offset the production downfall. China’s aluminium capacity stood at 37.46 million...
LME aluminium opened at US$2,592 per tonne on Tuesday and closed at US$2,624.50 per tonne, an increase of US$30.50 per tonne or 1.18 per cent. LME aluminium cash (bid) price grew by US$25 per tonne on Tuesday, December 7, to stand at US$2,624.50 per tonne, while LME aluminium official settlement price gained US$24.50 per tonne or 1 per cent to come in at US$2,625 per tonne. For the same day, 3-month bid price and 3-monthoffer price moved up by US$34 per tonne to close at US$2,619 per tonne and US$2,620per tonne, respectively. December 22 bid price and December 22 offer price settled at US$2,615 per tonne and US$2,620 per tonne. LME aluminium opening stock decreased to 893650 tonnes. Live warrants remained restrained at 698550 tonnes and cancelled warrants decreased to 195100 tonnes. LME...
On Tuesday, December 7, Vedanta Aluminium Business, a branch of Vedanta Limited, one of the leading aluminium manufacturers in India, invited aluminium companies to the Enterprise Odisha 2021 event. The offer is to become a partner in the company's aluminium park project in Jharsuguda, Orissa. Vedanta Aluminium has teamed up with the Odisha Industrial Infrastructure Development Corporation (IDCO) to build the Vedanta Aluminium Park near its Jharsuguda aluminium plant. Water, electricity, hot metal supply, a dross processing facility, and other amenities will be available to enterprises who establish production units in the park. “With the objective to develop a thriving ecosystem of aluminium-based SMEs and MSMEs in Jharsuguda, Vedanta is committed to supply 3 lakh metric tonnes of...
National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium products prices with effect from Tuesday, December 7, following a hike about two weeks ago. The Navratna CPSE has cut its aluminium ingot price by INR 5,600 per tonne or 2.4 per cent to INR 226,250-229,750 per tonne on December 7. On November 24, the price stood at INR 231,850- 235,350 per tonne after being surged by INR 7,800 per tonne. The latest cut has brought NALCO’s aluminium wire rod price to INR 228,750- 233,100 per tonne, down by INR 5,600 per tonne from INR 234,350- 238,700 per tonne on November 24. Aluminium billets price is currently hovering around INR 229,700- 232,350 per tonne compared to INR 229,700- 232,350 per tonne on November 24. NALCO links its aluminium ingot and aluminium...
LME aluminium opened at US$2,622.5 per tonne on Monday and ranged between 2,581.5-2,633 per tonne before closing at US$2,594 per tonne, a drop of US$22 per tonne or 0.84 percent. Open interest fell 1,667 lots to 665,000 lots, and trading volume was 11,593 lots. Both LME aluminium cash (bid) price and LME aluminium official settlement price declined by US$47.5 per tonne or by 1.79 percent to stand at US$2,599.50 per tonne and US$2,600.50 per tonne, as of Monday, December 6. For the same day, 3-month bid price and 3-monthoffer price closed at US$2,585 per tonne and US$2,586 per tonne. December 22 bid price and December 22 offer price was recorded at US$2,488 per tonne and US$2,493 per tonne. LME aluminium opening stock totalled at 898450 tonnes. Live warrants and cancelled warrants for the...
On 6 th December 2021, the industry body Indian Captive Power Producers Association (ICPPA) said that coal supplies to captive power plants (CPP) have nosedived to 40%-50% of the requirement, while the aluminium sector is among the worst hit due to the hardship and if permitted to nettle it propels INR 1.4 lakh crores of investment towards risk. ICPPA further added: “The continued shortage of raw materials to key industries would lead to an increase in aluminium import and loss of export earnings to the tune of INR 70,000 crores.” "Keeping the above in mind, the Indian Captive Power Producers Association has requested the ministry's (Ministry of Power) immediate intervention for normalising 100 pc coal rakes supplies to CPP (captive power plants) industry and help them to partner the...
The Russian aluminium giant, Rusal announced that the Company's trademark, low carbon aluminium brand, ALLOW has been ranked in the League of Green Brands, the first national ranking of sustainable brands. In 2019, the League of Green Brands is a reputable non-governmental development institute established in Russia. The League's task is to create conditions for the systematic implementation of ESG principles and approaches in the practice of domestic companies and to promote sustainable business developments in Russia. The purpose of the organization is to create criteria for "green" goods as a basis for national eco-certification, as well as the promotion of the idea of sustainable development in Russia. The ranking methodology of the league was developed by Deloitte, its intellectual...
In October 2021, primary aluminium production in Russia & Eastern Europe stood at 352,000 tonnes, reflecting a month-on-month increase of 12,000 tonnes or 3.53 per cent, found the International Aluminium Institute (IAI). In September, primary aluminium output totalled at 340,000 tonnes, down by 10,000 tonnes or 2.86 per cent from 350,000 tonnes in August. Total production of primary aluminium in Russia & Eastern Europe from August to October 2021 amounted to 1.042 million tonnes, compared to 1.041 million tonnes during May to July 2021. On a year-on-year calculation, Russia & Eastern Europe’s primary aluminium production in October 2021 edged a rise of only 1,000 tonnes from 351,000 tonnes From January to October 2021, Russia & Eastern Europe’s primary aluminium production totalled 3.449...
Hindalco Industries Limited again reduced its aluminium ingot and aluminium products prices, with effect from Saturday, December 4, following an intermittent rise on December 2. The company cut its aluminium ingot price by INR 1,500 per tonne on December 2, bringing the price to INR 232,500 per tonne. Hindalco’s aluminium wire rod price also saw a dip of INR 1,500 per tonne from INR 245,100 per tonne on December 2 to INR 243,600 per tonne on December 4. Aluminium billets price came in at 246,600 per tonne, compared to INR 248,100 per tonne on the previous day. Hindalco inks its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which on December 2 decreased by US$14.50 per tonne to US$2,655 per tonne and further declined on...
LME aluminium opened at US$2,611 per tonne last Friday and closed at US$2,616 per tonne, an increase of US$3 per tonne or 0.11 percent. On Friday, December 3, both LME aluminium cash (bid) price and LME aluminium official settlement price moved down by US$7 per tonne or by 0.26 percent to score at US$2,647 per tonne and US$2,648 per tonne, respectively. On the other hand, 3-month bid price and 3-month offer price also decreased by US$12.5 per tonne and US$11 per tonne, to total at US$2,627 per tonne and US$2,629 per tonne for the same day. December 22 bid price and December 22 offer price stood at US$2,610 per tonne and US$2,615 per tonne. LME aluminium opening stock was recorded at 882800 tonnes. Live warrants and cancelled warrants for the same day stood at 677225 tonnes and 205575...
The first aluminium smelter in the Gulf region, Aluminium Bahrain B.S.C (Alba) has appointed Sayed Salah Sayed Aqeel as the new Acting Manager for Environment, Social and Governance (ESG) with immediate effect. 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. Ali Al Baqali, the Chief Executive Officer of Alba commented on establishing a standalone ESG department: “Sayed Salah’s appointment comes at an exciting time in our journey as we accelerate our focus to Alba’s ESG transformation and embrace our nation’s objectives under the leadership of HRH the Crown Prince and Prime Minister of Bahrain to reach net-zero by 2060.” Sayed Salah Sayed Aqeel, a Bahraini national...
The government officials of the island country in the southwestern Pacific Ocean, New Zealand are positive that Tiwai Point aluminium smelter will remain operational for an extended period if the aluminium prices stand high. However, the officials have also warned that there are risks included, as it will accumulate millions of tonnes of greenhouse gas emissions. The southernmost region of New Zealand, Southland has been adapting to survive with losing hundreds of jobs and a rise of spending when the aluminium smelter closes at the end of 2024. While the treasury documents revealed under the Official Information Act (OIA) evaluated strong aluminium prices drove the smelter with half a billion dollars better from the existing year. The officials update to the ministers stated: “While NZAS'...
New coronavirus variant Omicron seems to have started creating an impact on the global aluminium prices already, and this has been the highlight of the week. As reported on Thursday, December 2, the LME aluminium price recorded a fall of 0.9 per cent to US$2,640.50 per tonne at 0704 GMT before closing the day at US$2,655 per tonne. However, so far, the LME aluminium prices were partially offset by LME aluminium inventories, which dropped to 893,775 tonnes, the lowest since September 2007 and down by 55 per cent from March. To know more: https://www.alcircle.com/news/new-coronavirus-variant-omicron-starts-hitting-lme-aluminium-prices-suspects-industry-analysers-73039 That’s not all. Agonies hovering around the possible economic impact due to the onset of new coronavirus variant have also...
Bharat Aluminium Company Limited, India's leading aluminium producer, has recently bagged two CII Energy Conservation (ENCON) Awards 2021 for best energy management at its Power Plants. BALCO’s 1200MW Power Plant has become State Winner – Chattisgarh with a 4.75 Star rated certificate, and its 540MW Power Plant has won a 4.25 Star rated certificate in a large scale category. Both of these certificates stand testimony to BALCO’s operational excellence. On this important achievement, Abhijit Pati, CEO and Director BALCO, said: "At BALCO, we are committed to maximizing our efforts of energy conservation. With such efforts, we aim to achieve the larger goal of creating a sustainable future for the generations to come and contributing to the expeditious development of the nation. BALCO has...
Agonies hovering around the possible economic impact due to the onset of new coronavirus variant Omicron have reportedly begun hitting the benchmark aluminium price on the London Metal Exchange. On Thursday, December 2, the LME aluminium price recorded a fall of 0.9 per cent to US$2,640.50 per tonne at 0704 GMT before closing the day at US$2,655 per tonne. The most-traded January aluminium contract on the Shanghai Futures Exchange also closed down by 1.2 per cent to RMB 18,765 (US$2,944.87) per tonne. According to reports, heavily mutated Omicron is rapidly becoming the dominant variant of the coronavirus. In South Africa, the new variant of the virus outspread in less than four weeks after it was first detected there, while the United States on Wednesday became the latest country to...
Hindalco Industries Limited grew its aluminium ingot and aluminium products prices on December 2, a day after it reduced the prices by INR 1,250 per tonne. With effect from December 2, the company’s aluminium ingot price saw an increase of INR 2,250 per tonne to INR 234,000 per tonne, backed on the rise in the LME aluminium benchmark price on December 1. Like any other Indian aluminium producer, Hindalco inks its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which on December 1 rose by US$34.50 per tonne from US$2,635 per tonne to US$2,669.50 per tonne. However, on a month-on-month calculation, the price still stood less by US$43.50 per tonne from US$2,713 per tonne. Hindalco’s aluminium wire rod price also saw a hike of...
LME aluminium opened at US$2,648.5 per tonne on Thursday and closed at US$2,613 per tonne down US$35 per tonne or 1.32 percent. On Thursday, December 2, LME aluminium cash (bid) price decreased by US$15 per tonne or by 0.56 percent to close at US$2,654 per tonne. LME aluminium official settlement price also moved down by US$14.5 per tonne or by 0.54 percent to total at US$2,655 per tonne. 3-month bid price and 3-month offer price closed at US$2,639.50 per tonne and US$2,640 per tonne, as of Thursday. December 22 bid price and December 22 offer price was recorded at US$2,630 per tonne and US$2,635 per tonne. LME aluminium opening stock settled at 889575 tonnes. Live warrants for the same day were recorded at 677225 tonnes, while cancelled warrant closed at 212350 tonnes. LME aluminium...
