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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We are gearing up to welcome you all to our third AlCircle Expo on February 15-16, 2022, and we are delighted to announce that Registration is Live Now! You can register at https://live.alcircleevents.com/event_registration/23911244/121 , and to know more information, you may visit www.alcircleevents.com. While the life around us has been changing since the onset of the COVID-19 pandemic, what has remained constant is our commitment to providing digital space to explore new business opportunities in the global aluminium industry. With the same desire, we are yet again coming up with our virtual expo, where we welcome industry leaders and partners from the entire value chain of the market. We assure you to experience more advanced technical support and enticing digital tools besides video...
The United States domestic primary aluminium production in September 2021 stood at 72,000 tonnes, reflecting a dip of 1,000 tonnes or 1.37 per cent from 73,000 tonnes in August but remained essentially unchanged compared to the output last year, found the US Census Bureau data. The daily average production in September was 2,390 tonnes, slightly more than 2,360 tonnes in the previous month. But on a year-on-year calculation, it stood lower by 0.83 per cent from 2,410 tonnes. Total aluminium recovered from scrap in September 2021 was 272,000 tonnes, up by 1.87 per cent from 267,000 tonnes in August. Of this, 144,000 tonnes of aluminium was recovered from new scrap, and 129,000 tonnes recovered from old scrap. In September 2021, the average US spot market of primary aluminium ingot was...
LME aluminium opened at US$2,698 per tonne on Thursday, November 25, and closed at US$2,715 per tonne, an increase of US$12 per tonne or 0.44 per cent. LME aluminium cash (bid) price and LME official settlement price surged by US$41.50 per tonne or 1.54 per cent to stand at US$2,739.50 per tonne and US$2,740.50 per tonne, respectively, as of November 25. That marked the increase in prices for the third day in a row. 3-month bid price increased by US$43.50 per tonne to settle at US$2,734 per tonne, and 3-month offer price climbed by US$44 per tonne to close at US$2,735 per tonne. December 22 bid price and December 22 offer price totalled at US$2,700 per tonne and US$2,705 per tonne. LME aluminium opening stock on November 25 stood further lower at 919225 tonnes. Live warrants remained...
Hindalco Industries Limited grew its aluminium ingot and aluminium products prices back-to-back on Wednesday, November 24. The company’s aluminium ingot price came in at INR 234,250 per tonne, seeing an increase of INR 3,250 per tonne from INR 231,000 per tonne on November 23. Hindalco’s aluminium wire rod price also saw a hike of INR 3,250 per tonne from INR 242,100 per tonne on November 23 to INR 245,350 per tonne on November 24. Aluminium billets price grew from INR 241,600 per tonne to INR 244,850 per tonne, as of 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 US$37.50 per tonne or 1.41 per cent on November 23 to US$2,691 per tonne....
The President of Indonesia Joko Widodo (Jokowi) has planned to marshal the groundbreaking event during December 2021 for an aluminium smelter in North Kalimantan, Indonesia. On 23 rd November 2021, Septian Hario Seto, the Deputy for Investment and Mining said: “The majority of the investment comes from Indonesian companies.” However, he did not unfold the names of the company, but in 2020, PT Indonesia Asahan Aluminium confirmed that they were exploring the potential of developing new smelter aluminium in North Kalimantan. The construction of smelter is one of the ways to brace the development of the International Port and Industrial Area (KIPI) in East Kalimantan. It is reported that this area will receive investment worth around $100 million cumulatively until 2030. Alongside aluminium,...
China’s social inventories of primary aluminium have decreased by 21,000 tonnes week-on-week on Thursday, November 25, following a hike last week. According to the Shanghai Metals Market, the inventories this week have totalled 1.02 million tonnes across eight major consumption areas, including SHFE warrants. On last Thursday, November 18, China’s primary aluminium inventories stood at 1.038 million tonnes, gaining a significant volume of 31,000 tonnes week-on-week. The chart below indicates the current status of primary aluminium inventories across China in more detail: In Nanhai, primary aluminium inventories have plummeted by 12,000 tonnes week-on-week to stand at 246,000 tonnes on November 25. In Gongyi and Shanghai, primary aluminium inventories have plunged by 8,000 tonnes and 6,000...
On Tuesday, November 23, the Indian government-owned Coal India Limited (CIL) said that its board approved a pre-feasibility report for settling up an integrated aluminium project in Odisha. In December 2020, the miner received in-principle approval for stepping into the aluminium and solar sectors and creation of special purpose vehicles. The Centre also asked the company to diversify into other business sectors and explore prospects in industries like electric vehicles and charging pods. According to Coal Ministry's agenda for 2021-22, “CIL must diversify its business and explore prospects in sunrise industries electric charging pods, EVs etc." "CIL in its board meeting held on date had accorded its in-principle approval to pre-feasibility report for setting up of integrated greenfield...
National Aluminium Company Limited (NALCO) has hiked its aluminium ingot and aluminium products prices with effect from Wednesday, November 24, following an intermittent cut on November 19. The latest rise has brought the company’s aluminium ingot price to INR 231,850- 235,350 per tonne versus INR 224,050-227,550 per tonne on November 19. That flaunted a jump of INR 7,800 per tonne from the previous prices. NALCO has also increased its aluminium wire rod price by INR 7,800 per tonne with effect from November 24, bringing the selling price to INR 234,350- 238,700 per tonne compared to INR 226,550-230,900 per tonne on November 19. Aluminium billets price is standing at INR 235,300- 237,950 per tonne, also up by INR 7,800 per tonne from INR 227,500-230,150 per tonne. NALCO links its...
LME aluminium opened at US$2,673 per tonne on Wednesday and closed at US$2,703 per tonne, an increase of $30.50 per tonne or 1.14 per cent. On Wednesday, November 24, both LME aluminium cash (bid) price and LME official settlement price grew for the second day in a row by US$8 per tonne to stand at US$2,698 per tonne and US$2,699 per tonne, respectively. 3-month bid price and 3-month offer price grew by US$6 per tonne to settle at US$2,690.50 per tonne and US$2,691 per tonne. December 22 bid price and December 22 offer price climbed to US$2,657 per tonne and US$2,662 per tonne. LME aluminium opening stock on November 24 decreased to 923700 tonnes. Live warrants remained restrained at 573950 tonnes, while Cancelled Warrants plunged to 349750 tonnes. LME aluminium 3-month Asian Reference...
Emirates Global Aluminium has joined the Ministry of Industry & Advanced Technology’s (MoIAT) in-country value (ICV) programme as the leader in global aluminium production moves towards its goal of doubling economic impact by 2040. The event was organised in the presence of Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, Sarah bint Yousif Al Amiri, Minister of State for Advanced Technology and Khaldoon Al Mubarak, Chairman of the Board of Emirates Global Aluminium. Furthermore, the CEO of EGA, Abdulnasser bin Kalban and the Undersecretary at the Ministry of Industry & Advanced Technology, Omar Suwaina Al Suwaidi signed a Memorandum of Understanding (MoU) regarding the implementation of the In-Country Value Programme. Bin Kalban stated: “Together at EGA we...
Gillespie & Powers Inc. declare that it has entered into an agreement with Ellwood Aluminum for the additional supply of their second 200,000 Lb. Batch Homogenizing Furnace for their continued Phase 2 expansion in Hubbard OH. However, this equipment will be operational in July 2022. Gillespie & Powers Inc. is honoured to have been selected for this project. Earlier this year Ellwood selected Gillespie & Powers Inc. to build their third homogenizing oven. Gillespie & Powers Inc. previously supplied a Tilting Melter, Tilting Holder and SOW Drying Oven during their initial plant construction and is excited to be partnering with Ellwood Aluminum in the continued development of their business. Gillespie & Powers Inc. is a 5th Generation family-owned design, build, supplier of specialized...
Primary aluminium production in Africa in October 2021 stood at 137,000 tonnes, flaunting a month-on-month increase of 5,000 tonnes or 3.79 per cent, found the International Aluminium Institute data. In September 2021, primary aluminium output in Africa was at 132,000 tonnes, down by 4,000 tonnes or 2.94 per cent from 136,000 tonnes in August. As per the IAI data, Africa’s primary aluminium production in October 2021 stood only 1,000 tonnes or 0.74 per cent higher than 136,000 tonnes a year ago. Africa’s total primary aluminium production in the first ten months of 2021 (January-October) amounted to 1.321 million tonnes, which, however, reflected a downfall of 1.49 per cent from 1.341 million tonnes during the same period last year. Global primary aluminium production in October stood at...
The CEO of Emirates Global Aluminum (EGA), Abdulnasser Bin Kalban stated that the demand for aluminium products have started to upsurge by the end of 2020, whereas, low-carbon aluminium is encountering a shortfall in supply. During Global Manufacturing and Industrialisation Summit (GMIS) in Dubai, Abdulnasser Bin Kalban: “We work hard to meet their requirements and we try to expand more in different products.” The leader in global aluminium production, as well as one of the largest companies in the UAE, EGA is developing a technology to boost their green power generation and to reduce CO2 by 10% in their products. He also claimed: “Our technology is the best in the world in terms of efficiency and environmental emissions.” EGA and DEWA have raised the UAE to become the first country in...
LME aluminium opened at $2,689 per tonne on Tuesday and closed at $2,672.5 per tonne, a drop of $22.5 per tonne or 0.83 percent. LME aluminium cash (bid) price moved up US$37 per tonne or by 1.39 percent to total at US$2,690 per tonne, as of Tuesday, November 23. LME aluminium official settlement price also grew by US$37.5 per tonne or by 1.41 percent to settle at US$2,691 per tonne. 3-month bid price and 3-month official settlement price closed at US$2,684.50 per tonne and US$2,685 per tonne, respectively. December 22 bid price and December 22 offer price settled at US$2,647 per tonne and US$2,652 per tonne. LME aluminium opening stock totalled at 935750 tonnes. Live warrants and cancelled warrants for the same day were recorded at 573950 tonnes and 361800 tonnes. LME aluminium 3-month...
After the three consecutive days of hike from RMB 18,340 per tonne to RMB 19,170 per tonne, A00 aluminium ingot price in China has recorded a drop of RMB 50 per tonne on Wednesday, November 24, to come in at RMB 19,120 per tonne. According to the Shanghai Metals Market, the average prices are estimated to range between RMB 19,100 per tonne and RMB 19,140 per tonne, with spot contract to be traded at a premium price of RMB 70-30 per tonne. In Tianjin and Shenyang, A00 aluminium ingot price has plunged by RMB 160 per tonne and RMB 150 per tonne to stand at RMB 19,010 per tonne and RMB 19,000 per tonne, respectively. In Wuxi, the primary aluminium price has decreased by RMB 90 per tonne to RMB 19,080 per tonne, while the price in Hangzhou and Linyi has dwindled by RMB 80 per tonne to RMB...
India’s iconic aluminium producer, Bharat Aluminium Company (BALCO) has recently dispatched its first rake of fly-ash to a prominent cement manufacturer, to aid in the production of low-carbon cement. This is a significant stride in BALCO’s aim of ensuring 100% fly-ash utilization in a gainful manner through avenues that foster a circular economy. On this important achievement Mr Abhijit Pati, CEO and Director, BALCO, said, “We believe in leveraging next-generation technologies to minimize, recycle and reuse byproducts and industrial wastes from our manufacturing process in innovative ways that are beneficial for the people and environment. We have implemented novel solutions for environmental management and to reduce our carbon footprint. We look forward to the greater partnership...
The Indonesian state-owned company specialized in aluminium smelting, PT Indonesia Asahan Aluminum (Persero) or Inalum will cooperate with PT PLN (Persero) to perceive its obligation to progress the national aluminium industry to a more advanced stage, innovative and competitive level. On 18 th November 2021, Danny Praditya, Inalum's Director of Operations and Portfolio during a specific working visit of Commission VII DPR RI to the Inalum Power Plant (PLTA) area in Paritohan, Toba Regency, North Sumatra, said the metal aluminium has enormous potential both in terms of resources and market in Indonesia and globally. "This potential must be utilized as much as possible by Inalum with innovation and collaboration with various parties, one of which is PT PLN (Persero) to increase the supply...
According to the recent data found by the International Aluminium Institute, the world primary aluminium production grew 3.80 per cent month-on-month in October 2021, putting an end to the two consecutive monthly declines. As per the data, the production stood at 5.689 million tonnes in the said month, which also reflected a year-on-year growth of 1.28 per cent from 5.617 million tonnes. In September 2021, the output was at 5.481 million tonnes, a decrease of 3.62 per cent from 5.687 million tonnes in August. The world daily average aluminium output in October 2021 stood at 183,500 tonnes, up by 0.44 per cent from 182,700 tonnes in September 2021 and 1.27 per cent more than 181,200 tonnes in October 2020. China, the world’s largest primary aluminium production, churned out 3.270 million...
