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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China’s social inventories of primary aluminium have continued to decrease for the second week in a row ending December 2, 2021, by 15,000 tonnes, found the Shanghai Metals Market. SMM data shows the inventories have declined across eight major consumption areas, including SHFE warrants, to come in at 1 million tonnes, as of Thursday, December 2. The decline in primary aluminium inventories this week is mainly contributed by Nanhai and Wuxi. The chart below indicates the current status of primary aluminium inventories across China in more detail: In Nanhai and Wuxi, primary aluminium inventories have plunged by 13,000 tonnes and 8,000 tonnes, respectively, to stand at 233,000 tonnes and 403,000 tonnes, as of December 2. In Shanghai, Hangzhou, and Tianjin, inventories have dropped by 1,000...
On Wednesday, December 1, Aluminium Bahrain B.S.C (Alba), the world’s largest smelter outside China, held its Board of Directors (BoD) meeting in person for Q4 2021. The meeting was conducted at the Alba Oasis Hall, following all the COVID-19 protocols and guidelines laid down by Bahrain National Medical Task Force for Combating the Coronavirus. “Thanking the Management team and everyone in the workforce on Alba's record-breaking performance for the 9-months of 2021 and stated that Alba is on track to set new benchmarks by finishing 2021 strong. We are also pleased to issue a Limited Notice to Proceed, subject to successful financial closure, towards Mitsubishi & SEPCO III Consortium to be the Engineering, Procurement and Construction contractor for the fourth additional block in Power...
LME aluminium opened at US$2,621 per tonne on Wednesday and closed at US$2,648 per tonne, an increase of US$23 per tonne or 0.88 percent. On Wednesday, December 1, both LME aluminium cash (bid) price and LME aluminium official settlement price surged by US$34.5 per tonne or by 1.30 percent to total at US$2,669 per tonne and US$2,669.50 per tonne. 3-month bid price and 3-month offer price stood at US$2,646 per tonne and US$2,646.50 per tonne. December 22 bid price and December 22 offer price closed at US$2,633 per tonne and US$2,638 per tonne. LME aluminium opening stock was recorded at 893775 tonnes, as of December 1. Live warrants for the same day stood at 576325 tonnes, while cancelled warrant totalled at 317450 tonnes. LME aluminium 3-month Asian Reference Price moved up by US$17.94...
Primary aluminium production in North America in October 2021 stood at 318,000 tonnes, flaunting an increase of 14,000 tonnes or 4.61 per cent month-on-month, found the International Aluminium Institute (IAI). In September, primary aluminium production came in at 304,000 tonnes, down by 11,000 tonnes or 3.49 per cent from 315,000 tonnes a month ago. On a year-on-year calculation, North America’s primary aluminium output in October 2021 stood 4.79 per cent or 16,000 tonnes lower than 334,000 tonnes. From January to October 2021, North America produced 3.25 million tonnes of primary aluminium, 1.81 per cent less than 3.31 million tonnes during the same period last year. In South America, primary aluminium production in October 2021 amounted to 100,000 tonnes, which was up by 4,000 tonnes or...
LME aluminium opened at US$2,647 per tonne on Tuesday morning and closed at US$2,625 per tonne, down US$25 per tonne or 0.94 per cent. On the supply side, the current aluminium output finds it hard to increase. LME aluminium cash (bid) price decreased by US$14.50 per tonne on Tuesday, November 30, to stand at US$2,634.50 per tonne, while LME official settlement price declined by US$15 per tonne to come in at US$2,635 per tonne. 3-month bid price and 3-month offer price slipped by US$16.50 per tonne to close at US$2,625 per tonne and US$2,626 per tonne, respectively. December 22 bid price and December 22 offer price settled at US$2,608 per tonne and US$2,613 per tonne. LME aluminium opening stock on November 30 continued to decrease to 900975 tonnes. Live Warrants remained restrained at...
The aluminium industry witnessed multiple remarkable events in November 2021. When the world is encountering a phase of aluminium shortage, which has triggered the prices of the metal to touch an all-time high, around 1.8 million tonnes of aluminium worth a mighty $5 billion is presently being under the control of security guards in Vietnam. The aluminium supply in Vietnam was seized as part of the investigation led by the United States comprising a Chinese billionaire and alleged trade fraud. While on the other hand, the leading industrial company committed to a sustainable future, Hydro announces to investment in a new state-of-the-art aluminium recycling plant at Cassopolis, Michigan. According to a recent report, Russian aluminium giant UC Rusal has been engaged in the prospect of...
The Russian aluminium giant, Rusal has contributed $105 million (eight billion Russian Rubles) to fight against COVID-19 and support regional healthcare systems across Russia to combat the pandemic. RUSAL has supported seven emergency medical centres in Siberia and the Urals which opened one year ago to treat patients suffering from COVID-19 and pneumonia. The aluminium company donated over $52 million (four billion Russian Rubles) to build the centres comprising all equipment required to treat patients such as computer tomographs, high-tech ultrasound devices, oxygen stations, laboratory and functional diagnostics devices. Regardless of the complexity and scale of building the medical centres, construction was accomplished within just seven months. However, since its opening, medical...
The three-day virtual ICSOBA conference took place on 22, 23 and 24 November 2021. The conference covered bauxite, alumina, bauxite residue, carbon for aluminium electrolysis, aluminium production, and aluminium recycling in a variety of technical sessions. The program included 10 high-calibre keynote speakers and over 100 technical papers presented in two parallel sessions. In addition, two virtual plant tours of Alba Smelter and EGA Al-Taweelah Refinery were organized, as well as a discussion panel on the strategic supply of alumina. The forum proved again that ICSOBA has a unique opportunity to provide this valuable platform for learning and to exchange information on the latest progress. A complete set of documents (TRAVAUX book No. 50, presentations, exhibitor documents, recorded...
Two sources directly involved in quarterly price discussions stated on Tuesday, November 30 that one major aluminium manufacturer has offered Japanese customers premiums of US$195 per tonne for January-March (Q1 2022) primary metal shipments, down 11 percent from the Q4 2021. Japan is Asia's largest importer of the metal, and it has agreed to pay quarterly premiums over the London Metal Exchange (LME) cash price for primary metal shipments. The region's benchmark was established by CMAL0. Previously for aluminium shipments for the Q4 2021, the amount of premium paid was recorded at US$220 per tonne. For the Q3 quarter, Japanese aluminium purchasers paid US$185 for shipments. Japanese purchasers agreed to pay a premium of US$220 per tonne PREM-ALUM-JP in the October-December quarter, up 19...
The globally recognized largest producer of low carbon aluminium, En+ Group has been declared as the winner for ESG breakthrough at the Green Light awards organised by Schneider Electric. The award is specified to the company operating in Russia with the strongest improvement in ESG performance over the last three years and reflects En+ Group’s commitment to delivering a low-carbon economy. En+ was evaluated on the development of its sustainable development agenda, consistent engagement in ESG disclosure, and continuous improvement in these areas. In the last year alone, the company has delivered a science-based roadmap to net zero emissions by 2050 and launched the world’s lowest carbon aluminium made using ground-breaking inert anode technology. Schneider Electric launched the Green...
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices, with effect from Tuesday, November 30, following a sharp cut on Saturday, November 27. The latest hike has brought the company’s aluminium ingot price to INR 233,000 per tonne, up by INR 3,750 per tonne or 1.64 per cent from INR 229,250 per tonne. Hindalco is currently selling its aluminium wire rod at INR 244,100 per tonne after increasing it by INR 3,750 per tonne from INR 240,350 per tonne on November 27. The company’s aluminium billets price has also seen a hike of INR 3,750 per tonne from INR 239,850 per tonne on November 27 to INR 243,600 per tonne, as of November 30. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month future of aluminium on...
LME aluminium opened at US$2,602.50 per tonne on Monday, November 29, and closed at US$2,650 per tonne, an increase of US$58 per tonne or 2.24 per cent. Both LME aluminium cash (bid) price and LME official settlement price increased by US$31.50 per tonne or 1.20 per cent on Monday, November 29, to stand at US$2,649 per tonne and US$2,650 per tonne, respectively, following an intermittent plunge on the previous day. 3-month bid price grew by US$24.50 per tonne to US$2,641.50 per tonne, and 3-month offer price climbed by US$23.50 per tonne to settle at US$2,642.50 per tonne. December 22 bid price and December 22 offer price amounted to US$2,615 per tonne and US$2,620 per tonne, respectively. LME aluminium opening stock on November 29 further decreased to 909225 tonnes. Live Warrants...
According to a recent report, Emirates Global Aluminium has signed an official contract with General Electric Co. (GE) to reduce greenhouse gas emissions at its plants in the United Arab Emirates. The companies will reportedly chalk out a plan to cut emissions from GE’s natural gas turbines by exploring hydrogen as a fuel, as well as carbon capture, utilization, and storage solutions. Emirates Global Aluminium, also known as EGA, operates 33 natural gas turbines of General Electric at Jebel Ali and Al Taweelah. The turbines together have a power generation capacity of 5,200 megawatts, which account for a significant proportion of GE’s total greenhouse gas emissions. Emirates Global Aluminium is equally owned by two sovereign wealth funds - Investment Corp. of Dubai and Abu Dhabi’s...
During last Friday’s night session, LME aluminium opened at US$2,717.50 per tonne and closed at US$2,592 per tonne, a decrease of US$123 per tonne or 4.53 per cent. After three consecutive days of hike, LME aluminium cash (bid) price and LME official settlement price plummeted by US$122 per tonne or 4.45 per cent on Friday, November 26, to stand at US$2,617.50 and US$2,618.50 per tonne, respectively. 3-month bid price sharply fell by US$117 per tonne to US$2,617 per tonne, while 3-month offer price plunged by US$116 per tonne to settle at US$2,619 per tonne. December 22 bid price and December 22 offer price totalled at US$2,592 per tonne and US$2,597 per tonne, respectively. LME aluminium opening stock on November 26 decreased from 919225 tonnes to 915850 tonnes. Live Warrants stood at...
The Malaysia-based world-class aluminium producer, Press Metal Aluminium Holdings Bhd, on the account of higher aluminium prices, books a net profit of RM283.33 million in Q3 ended Sept 30, 2021. This was more than double the net profit of RM121.98 million when compared with the same quarter the previous year. The aluminium manufacturer stated that the revenue soared by 55% to RM 2.89 billion on the shoulder of the higher aluminium price and production output from its new Phase 3 Samalaju smelter, which attained full commissioning in mid-October of 2021. Concurrently, the group’s associate arms also contributed significantly higher premiums. In the initial nine months of 2021, the metal company’s enhanced earnings performance was partially counterpoised by a rise in operating costs...
Some of the top news that created a buzz in the primary aluminium industry this week included the hoard of 1.8 million tonnes of aluminium worth $5 billion in Vietnam drove China’s metal supply through a drastic crisis and fuelled the escalation of prices globally. The aluminium supply in Vietnam was seized as part of the investigation led by the United States comprising a Chinese billionaire and alleged trade fraud. However, as reported by a global agency that if the mammoth stockpile was liberated it could resolute the worldwide shortfall and drag the price of the commodity down. To know more: https://www.alcircle.com/news/vietnam-holds-1-8-million-tonnes-of-aluminium-worth-5-billion-amid-the-global-crisis-72931 The stock market regulators in Hong Kong are examining the plans made by...
On Monday, November 22, LME aluminium cash (bid) price and LME official settlement price started the week at US$2,653 per tonne and US$2,653.50 per tonne, respectively. They both decreased by US$7.50 per tonne from the previous day. On Tuesday, November 23, LME aluminium cash (bid) price jumped by US$37 per tonne to US$2,690 per tonne, while LME official settlement price climbed by US$37.50 per tonne to US$2,691 per tonne. The prices grew further the next day by US$8 per tonne to stand at US$2,698 per tonne and US$2,699 per tonne, respectively. On Thursday, November 25, both LME aluminium cash (bid) price and LME official settlement price surged by US$41.50 per tonne or 1.54 per cent to US$2,739.50 per tonne and US$2,740.50 per tonne. They closed the week on November 26 at US$2,617.50 per...
Hindalco Industries Limited has hiked its aluminium ingot and aluminium products prices for the third time in a row, with effect from Friday, November 26. The company’s aluminium ingot price has come in at INR 238,250 per tonne, up by INR 4,000 per tonne or 1.71 per cent from INR 234,250 per tonne. Hindalco’s aluminium wire rod price has also seen an increase of INR 4,000 per tonne from INR 245,350 per tonne on November 24 to INR 249,350 per tonne on November 26. Hindalco’s aluminium billets price is standing at INR 248,850 per tonne, INR 4,000 per tonne higher than INR 244,850 per tonne on November 24. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which recorded an increase of...
