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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The stock market regulators in Hong Kong are examining the plans made by Russian aluminium giant, Rusal to spin off its high-carbon aluminium smelters and alumina refineries into a separate company that will be listed in Moscow. The decision to scrutinize the proposed demerger was activated following a complaint from Odey Asset Management. As reported by a renowned news agency, the London-based hedge fund suspects a recent agreement comprising the two largest shareholders of Rusal meant, they should not be permitted to vote. The global leader in low carbon aluminium production, Rusal announced the spin-off plan in May 2021 in a drive that would allow it to focus on the rapidly-growing green aluminium market. Rusal’s 57% stake is held by EN+, the group once controlled by Russian oligarch...
According to the Shanghai Metals Market, A00 aluminium ingot price in China has increased for the third day in a row by RMB 250 per tonne to stand at RMB 19,170 per tonne on Tuesday, November 23. The average prices are estimated to range between RMB 19,150 per tonne and RMB 19,190 per tonne, with spot contract to be traded at a premium price of RMB 80-40 per tonne, up by RMB 20 per tonne from the previous day. Among the Chinese cities, Linyi has seen the highest growth of RMB 240 per tonne to RMB 19,250 per tonne, followed by the increase of RMB 235 per tonne in Hangzhou and Wuxi to RMB 19,180 per tonne and RMB 19,170 per tonne, respectively. In Gongyi, the primary aluminium ingot price has surged by RMB 230 per tonne to RMB 19,120 per tonne, while the price in Chongqing and Tianjin has...
Three-month LME aluminium rose 0.45 per cent to end at US$2,695 per tonne on overnight. On Monday, November 22, both LME aluminium cash (bid) price and LME official settlement price decreased by US$7.50 per tonne to stand at US$2,653 per tonne and US$2,653.50 per tonne, respectively. But 3-month bid price and 3-month offer price grew by US$10 per tonne and US$11 per tonne to close at US$2,653 per tonne and US$2,655 per tonne. December 22 bid price and December 22 offer price totalled at US$2,613 per tonne and US$2,618 per tonne. LME aluminium opening stock on November 22 decreased to 943125 tonnes. Live warrants increased to 577950 tonnes, while Cancelled Warrants declined to 365175 tonnes. LME aluminium 3-month Asian Reference Price amounted to US$2,665 per tonne, as of November 22. SHFE...
AlCircle is pleased to announce the joining of Carmelo Maria Brocato as Strategic Advisor for Europe and North America region. Mr Brocato is presently associated with GMS/Engitec Group as Head of the Aluminium Division from April 2019. He has more than 30 years of experience in international business and has successfully spent more than 23 years of his professional career in the metal industry. Mr Brocato began his career with Continuus Properzi Spa and during his 19 years span, he attained the position of Commercial Director and Vice-President of the Board. An Engineer by qualification, Carmelo Maria Brocato has also worked as Vice-President – Aluminium & Copper WRM at Danieli & C. Officine Meccaniche S.p.a. before joining GMS/Engitec Group. Mr Brocato is a popular name among Italy’s...
According to a recent report, Aluminium Bahrain B.S.C. (Alba’s) Chairman Board of Directors Shaikh Daij bin Salman Bin Daij Al Khalifa visited the company’s Reduction Line 6, in line with his planned visit to Alba’s campus following the ease of COVID-19 restrictions. Alba Reduction Line 6 is about to celebrate 2 years of its official inauguration. Accompanied by Alba’s Chief Executive Officer Ali Al Baqali and the Executive Management, Chairman Shaikh Daij bin Salman Bin Daij Al Khalifa paid an up-close-and-personal tour to Reduction Line 6 and its facilities. On his visit, Chairman said “A game changer, Line 6 has made Alba the world’s largest aluminium smelter ex-China. The organic growth which the Company has embarked on with Line 6 in operations has seen Alba top new records in its...
The top aluminium producer of the world, China which has created the popularity of the metal is now countering environmental issues, driving the nation’s metal supply through a drastic crisis and this has fuelled the escalation of prices globally. However, to append to the hardship, there are 1.8 million tonnes of aluminium worth a mighty $5 billion that is presently being under the control of security guards in Vietnam. The metal aluminium is a widely consumed product from car manufacturers to beverage can producers and all are stretching their hands to every extent to get on the material that is experiencing the worst shortfall in history ever. The aluminium supply in Vietnam was seized as part of the investigation led by the United States comprising a Chinese billionaire and alleged...
LME aluminium opened at US$2,621 per tonne last Friday and ranged between US$2,619-2,697.50 per tonne before closing at US$2,683 per tonne, an increase of US$59 per tonne or 2.25 per cent. On Friday, November 19, LME aluminium cash (bid) price and LME official settlement price jumped by US$53.50 per tonne to settle at US$2,660.50 per tonne and US$2,661 per tonne, respectively. 3-month bid price and 3-month offer price surged by US$48 per tonne to come in at US$2,643 per tonne and US$2,644 per tonne. December 22 bid price and December 22 offer price totalled at US$2,607 per tonne and US$2,612 per tonne. LME aluminium opening stock on November 19 stood at 948650 tonnes. Live warrants closed at 577750 tonnes, while cancelled warrants settled at 370900 tonnes. LME aluminium 3-month Asian...
After two consecutive hikes since November 11, National Aluminium Company Limited reduced its aluminium ingot and aluminium products prices with effect from Friday, November 19. The decrease could be attributed to the decline in LME aluminium benchmark price during November 16-18. NALCO’s aluminium ingot price came in at INR 224,050-227,550 per tonne, down by INR 6,300 per tonne from INR 230,350-233,850 on November 16. The latest cut brought the company’s aluminium wire rod price to INR 226,550-230,900 per tonne on November 19 versus INR 232,850-237,200 per tonne on the previous day. Aluminium billets price also saw a downfall of INR 6,300 per tonne on November 19 from INR 233,800-236,450 per tonne to INR 227,500-230,150 per tonne. NALCO links its aluminium ingot and aluminium products...
The global primary aluminium segment has been in the spotlight this week due to a number of events. To begin with, Ali Al Baqali, the Chief Executive Officer of Aluminium Bahrain B.S.C. (Alba), received the 'People First Leader Award' at the GCC GOV HR Awarding Ceremony 2021 on October 26, 2021. It was followed by the news of Navratna CPSE National Aluminium Company Limited (NALCO) receiving the Non-Ferrous Best Performance Award 2020-21 in the large scale manufacturing unit category. The primary aluminium segment also witnessed, Deeptaman Mukherjee, Director of Commodities for Vedanta's Aluminium Business, claimed on November 18, 2021 that annual aluminium output in India might reach five million tonnes in the next five to six years, a 25 percent increase from present levels. On October...
On 19 th November 2021, the prices of aluminium surged as the cloud of supply distress is anticipated following an aluminium smelter in China that ceased its production due to an explosion. The Shanghai Metal Market reported that in China’s Yunnan province, an aluminium smelter with an annual production capacity of 300,000 tonnes stopped production after a blast incident happened in the plant on the evening of 18 th November 2021. The Shanghai Futures Exchange’s most-traded January aluminium contract inclined as much as 3.7% to RMB 19,260 a tonne, while three-month aluminium on the LME advanced as much as 3.1% to $2,696 a tonne. The aluminium sector has been deeply impacted by the recent China power crisis, as the smelting of metal is highly power-intensive. The global energy, chemicals,...
LME aluminium opened at US$2,610 per tonne on Thursday and closed at US$2,624 per tonne, an increase of US$15.5 per tonne or 0.59 percent. On Thursday, November 18, LME aluminium cash (bid) price dropped down by US$20 per tonne or by 0.76 percent to close at US$2,607 per tonne. For the same day, LME aluminium official settlement price also descended by US$20.5 per tonne or by 0.78 percent to total at US$2,607.50 per tonne. 3-month bid price and 3-month offer price totalled at US$ 2,595 per tonne and US$ 2,596 per tonne. December 22 bid price and December 22 offer price for the same was recorded at US$ 2,563 per tonne and US$ 2,568 per tonne. On November 18, LME aluminium opening stock stood at 948650 tonnes. Live warrants and cancelled warrant totalled at 577750 tonnes and 370900 tonnes,...
On 18 th November 2021, Sridhar Patra, the Chairman and Managing Director of the Indian state-owned National Aluminium Company (NALCO), mentioned that the production and sales figure in FY22 will reach record levels. The integrated aluminium company declared earnings for the September-ended quarter with a powerful performance by the aluminium business and upheld by the alumina business. The CMD said: “The profitability that we saw after the H1, we are confident that in the second half we will be beating all the records of this decade on the production front, financial performance and on all aspects.” “Aluminium prices in H2FY22 will sustain at around $2,200-$2,300. I am confident that aluminium price, in the second half, will prevail at around $2,200-2,300 per tonne.” “However, alumina...
On 18 th November 2021, Deeptaman Mukherjee, the Director of Commodities for Vedanta’s Aluminium Business stated that annual aluminium production in India could attain five million tonnes in the next five to six years, which is an increase of around 25% from current levels. Mukherjee said based on the ongoing projects that companies are working on in India: “The 4 million tonnes of metal production today potentially could increase to five million tonnes in about five to six years.” During a panel discussion at the A-Z China virtual aluminium conference, he added: “If there is a new market participant that comes in, possibly that five million tonnes could increase to about 5.5-6 million tonnes of aluminium production.” However, according to an International data analytics and research...
The Govt. of Scotland has been compelled to reveal that the value of the taxpayer guarantee it delivered to distressed metal tycoon Sanjeev Gupta’s GFG Alliance was £586 million. This huge amount was the total gross guarantee provided when GFG Alliance in 2016 acquired the Lochaber aluminium smelter near Fort William and two nearby hydropower plants from Rio Tinto. The agreement incorporated the Scottish government guaranteeing 25 years of power purchases by Gupta’s GFG Alliance from another business owned by his father. Greensill Capital, the collapsed into insolvency finance company was then competent to convert this contract into £295 million of debt that shouldered the same credit rating as UK sovereign bonds, funding Sanjeev Gupta’s acquisition of the last remaining aluminium smelter...
At Enterprise Odisha 2021, Vedanta Aluminium Business, India's biggest manufacturer of aluminium and its value-added products, revealed intentions to work on innovation and technology with entrepreneurs and start-ups. The 23rd edition of Enterprise Odisha, organised by the Confederation of Indian Industry (CII) in partnership with the Government of Odisha, included important companies from several industries, including Vedanta Aluminium. “Driven by innovation and technology, Odisha is poised to be a Trillion Dollar Economy in the next decade. I thank the Hon’ble CM of Odisha, Shri. Naveen Patnaik ji, for creating a favourable environment which has fostered 360-degree development in the state. We remain strongly committed to development of Odisha.Vedanta has planned major investments in...
China’s social inventories of primary aluminium have built up by 31,000 tonnes this week across eight major consumption areas, including SHFE warrants, found the Shanghai Metals Market. Thus, the inventories have amounted to 1.038 million tonnes on November 18, compared to 1.007 million tonnes last week, November 11. The chart below indicates the current status of primary aluminium inventories across China in more detail: Among the major Chinese cities, Wuxi has seen the highest rise of 24,000 tonnes in primary aluminium inventories to 406,000 tonnes on November 18, learned SMM. Gongyi has witnessed an increase of 13,000 tonnes to 91,000 tonnes, while inventories in Shanghai and Hangzhou have gained 4,000 tonnes and 1,000 tonnes week-on-week to 101,000 tonnes and 88,000 tonnes,...
After three hikes since November 11, Hindalco Industries Limited has cut its aluminium ingot and aluminium products prices with effect from Wednesday, November 17. The company’s aluminium ingot price has come in at INR 229,250 per tonne, down by INR 3,750 per tonne or 1.61 per cent from INR 233,000 per tonne on November 13. Hindalco’s aluminium wire rod price has also been reduced by INR 3,750 per tonne on November 17, bringing the price to INR 240,350 per tonne from INR 244,100 per tonne on the previous day. Aluminium billets price is being sold at INR 239,850 per tonne with effect from November 17, compared to INR 243,600 per tonne on November 13. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London...
The most-liquid SHFE 2201 aluminium contract increased RMB 90 per tonne to settle at RMB 18,630 per tonne in overnight trading. Three-month LME aluminium rose 1.38 percent to end at US$2,608.5 per tonne last night. Both LME aluminium cash (bid) price and LME aluminium official settlement price decreased slightly by US$0.5 per tonne or by 0.01 percent to total at US$2,627 per tonne and US$2,628 per tonne, as of Wednesday, November 17. 3-month bid price and 3-month offer price closed at US$2,621.50 per tonne and US$2,622.50 per tonne, respectively. December 22 bid price and December 22 offer price for the same day was recorded at US$2,585.00 per tonne and US$2,590.00 per tonne. On November 17, LME aluminium opening stock closed at 956750 tonnes. Live warrants and cancelled warrant for the...
