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 global mining and metal giant, Rio Tinto is infusing $87 million to raise its low-carbon aluminium production in Canada with 16 new smelting cells at its AP60 smelter, in the Saguenay-Lac-Saint-Jean region of Quebec. The investment will inflate production at the smelter by around 45% or 26,500 tonnes of primary aluminium per year to a capacity of 86,500 metric tonnes and deliver a secure prospect for approximately 100 employees working at the facility. Rio Tinto predicts that the global aluminium market will grow at an average rate of 3.3% per annum over the next decade with strong demand driven by the energy transition and decarbonisation. Ivan Vella, the CEO of Rio Tinto Aluminium said: "Rio Tinto is committed to strengthening its position as a leader in low-carbon, hydro-powered...
The Chinese state economic planner will execute a fresh set of energy consumption benchmarks for the country’s energy-intensive industries from 2022, proffering manufacturers three years to adhere or close down to attach its climate-change goals. The least efficiency standards materialize to clasp a target at aluminium smelters, steel and cement producers, as they remain as the top energy consumers and polluters. The stocks of the major players like aluminium producer Chalco and Baoshan Iron & Steel slumped, against a predominantly bullish market on 16 th November. On 15 th November, China’s central economic planner, the National Development and Reform Commission (NDRC) revealed the criterion energy consumption levels for five high energy-consuming industries in a joint statement with...
National Aluminium Company Limited (NALCO) has hiked its aluminium ingot and aluminium product prices for the second time in a row, with effect from Tuesday, November 16. The company’s aluminium ingot price has come in at INR 230,350-233,850 per tonne after being sharply increased by INR 10,500 per tonne from INR 219,850-223,350 per tonne on November 11. The latest increase has brought the company’s aluminium wire rod price to INR 232,850-237,200 per tonne, also up by INR 10,500 per tonne from INR 222,350-226,700 per tonne. Aluminium billets price is hovering around INR 233,800-236,450 per tonne versus INR 223,300-225,950 per tonne on November 11. NALCO links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which...
Three-month LME aluminium opened at US$2,636.5 per tonne yesterday and closed at US$2,573 per tonne, a decrease of US$61.5 per tonne or 2.33 percent. On Tuesday, November16, LME aluminium cash (bid) price plunged down by US$50 per tonne or by 1.86 percent to stand at US$2,627.50 per tonne. LME aluminium official settlement price also moved down by US$49.5 per tonne or by 1.84 percent to close at US$2,628.50 per tonne. 3-month bid price and 3-month offer price settled at US$2,627 per tonne and US$2,628 per tonne, respectively. December 22 bid price and December offer price for the same day totalled at US$2,580 per tonne and US$2,585 per tonne. On November 16, LME aluminium opening stock was recorded at 959975 tonnes. Live warrants and cancelled warrants for the same day settled at 595825...
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Aluminium Bahrain B.S.C. (Alba), one of the region's leading industrial companies, has endorsed HRH Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, on his recently announced climate change goals and commitment to double the number of trees in the Kingdom by 2035 through his 'A Tree for Every Employee' planting initiative to boost biodiversity and combat climate change. Alba's Chief Executive Officer Ali Al Baqali and the Executive Management team came together with Alba's Chairman of the Board Shaikh Daij bin Salman bin Daij Al Khalifa in a company-wide initiative to distribute saplings of various plant varieties to all employees at the company's gates on November 14-15, 2021, with the goal of encouraging them to take the lead in increasing Bahrain's green cover...
On November 15, 2021, Century Aluminium Company (NASDAQ: CENX) stated that Norurál Grundartangi ehf ("Norurál"), a wholly-owned subsidiary of Century Aluminium Company (NASDAQ: CENX), and Qair, an independent renewable power producer, have signed a letter of intent for the supply of green electricity to the Grundartangi smelter originating from two of Qair's windfarms with a total installed capacity of 200 MW under development in Iceland. The two firms have also agreed to collaborate on the development of a CO2 capture technology for the Grundartangi smelter. If the project is successful, the collected CO2 will be utilised to produce eFuel in conjunction with Qair's hydrogen facility, which is being built close to Grundartangi. “At Century we are committed to the highest possible...
A00 aluminium ingot price in China on 16 th November has revealed a further dip of RMB 250 per tonne to RMB 18,940 per tonne, while the average prices are likely to range between RMB 18,920 per tonne and RMB 18,960 per tonne. The spot contract is estimated to be traded at a premium price of RMB 160-120 per tonne. The primary aluminium ingot price in Gongyi has plunged by RMB 250 per tonne to stand at RMB 18,920 per tonne, followed by RMB 250 per tonne price drop at Wu Xi, keeping at RMB 19,940 per tonne. The aluminium ingot price in Hang Zhou also reflected a downfall by RMB 230 per tonne to RMB 18,950 per tonne. In Lin Yi, the price of primary aluminium unveils drop by RMB 210 per tonne to RMB 19,040 tonnes, while the aluminium price at Chong Qing and Shen Yang exhibited with downfall by...
LME aluminium fell US$62.5 per tonne or 2.32 percent to settle at US$2,634 per tonne with open interest rising 4,522 lots to 708,000 lots. Both LME aluminium cash (bid) price and LME aluminium official settlement price ascended by US$2 per tonne or by 0.07 percent to close at US$2,677.50 per tonne and US$2,678 per tonne. 3-month bid price and 3-month offer price totalled at US$2,677 per tonne and US$2,678 per tonne. December 22 bid price and December 22 offer price closed at US$2,625 per tonne and US$2,630 per tonne. LME aluminium opening stock on November 15 settled at 968450 tonnes. Live warrants and cancelled warrants for the same day closed at 595825 tonnes and 372625 tonnes, respectively. LME aluminium 3-month Asian Reference Price settled at US$2,649.50 per tonne as of November 15....
The voice of the aluminium industry in the US, the Aluminum Association has announced the joining of Virginia Gum Hamisevicz as new Vice President of Government Affairs & International Programs. Virginia carries around 20 years of working experience advocating energy, natural resources and trade policy before Congress and the Executive Branch. She spent more than a decade with the National Mining Association as Vice President for Government Affairs. She also served on staff for both Reps. Shelley Moore Capito (R-W.Va.) and Bill Shuster (R-Penn.). Furthermore, she has held positions with the Environmental Protection Agency, National Park Service, Independent Petroleum Association of America, and the Methanol Institute. Virginia Gum Hamisevicz in the role of Vice President, Government...
The Indian Institute of Metals (IIM) has awarded Navratna CPSE National Aluminium Company Limited (NALCO) the Non-Ferrous Best Performance Award 2020-21 in the large scale manufacturing unit category. Shri Sridhar Patra, CMD, NALCO, accepted the award on behalf of the firm during a virtual award presentation event conducted on November 14 as part of the 75th Indian Institute of Metals Annual Technical Meeting. National Aluminium Corporation Limited (NALCO) is a government-owned company with integrated and diversified activities in mining, metals, and electricity. It is owned by the Ministry of Mines of India. The government of India now owns 51.5 percent of NALCO. It's worth noting that the Indian Institute of Metals' Non-Ferrous Division has been hosting the National Quality Competition...
According to the data revealed by the National Statistics Bureau, China’s aluminium production in October stood at 3.13 million tonnes, 1.8 per cent higher year-on-year than 3.075 million tonnes. On a month-on-month calculation, the output stood up as well, ending a run of five straight monthly declines, found the official data. However, the daily average output in October fell to its lowest since July 2020, as smelters faced continued restrictions due to power shortages. As per the data, daily production stood at 100,968 tonnes versus 102,500 tonnes in the previous month (30 days). In October, the southwestern province of Guizhou ordered all five of its aluminium smelters to reduce power usage and shut capacity, reported MySteel consultancy, putting the annual operating capacity affected...
Hindalco Industries Limited increased its aluminium ingot and aluminium products prices for the second straight day on Saturday, November 13. That brought the company’s aluminium ingot price to INR 233,000 per tonne, up by INR 2,500 per tonne from INR 230,500 per tonne on November 12. Hindalco’s aluminium wire rod price also saw a rise of INR 2,500 per tonne on November 13 from INR 241,600 per tonne to INR 244,100 per tonne. Aluminium billets price came in at INR 243,600 per tonne versus 241,100 per tonne on November 12. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which on Friday November 12, closed the week 1.15 per cent or US$30.50 per tonne higher at US$2,676 per tonne. However,...
On October 26, 2021, Ali Al Baqali, the Chief Executive Officer of Aluminium Bahrain B.S.C. (Alba), was named the recipient of the 'People First Leader Award' at the GCC GOV HR Awarding Ceremony 2021. The ceremony was held at the InterContinental Dubai Festival City – Dubai, UAE. Since his appointment as CEO in August 2019, Al Baqali has taken innovative steps to develop Alba's national workforce, including the 'Al Jisr' Programme for Building Supervisory Skills – a one-of-a-kind programme to develop high-potential non-supervisory employees and prepare them for leadership positions; Training Programs to onboard new recruits; and a Business Engagement Plan to tap into the expertise of Alba-sponsored MBA graduates. "Success doesn’t come by accident; it is the product of hard work and...
A00 aluminium ingot price in China has opened the week on November 15 with a downfall of RMB 240 per tonne after two consecutive days of hike from RMB 18,510 per tonne to RMB 19,430 per tonne. According to the Shanghai Metals Market, the price is currently standing at RMB 19,190 per tonne, with average prices likely to range between RMB 19,170 per tonne and RMB 19,210 per tonne. The spot contract is estimated to be traded at a premium price of RMB 60-20 per tonne. In Gongyi, the primary aluminium ingot price has plunged by RMB 260 per tonne to stand at RMB 19,170 per tonne, followed by the decrease of RMB 240 per tonne in Wuxi and Hangzhou to RMB 19,190 per tonne and RMB 19,180 per tonne, respectively. In Chongqing, A00 aluminium ingot price is also standing at RMB 19,190 per tonne but by...
Three-month LME aluminium opened at US$2,663.5 per tonne last Friday and closed at US$2,697 per tonne, up US$40 per tonne or 1.51 percent. On Friday, November 12, LME aluminium cash (bid) price increased by US$30.5 per tonne or by 1.15 percent to stand at US$2,675.50 per tonne. LME aluminium official settlement price also moved up by US$30.5 per tonne or by 1.15 percent to close at US$2,676 per tonne. 3-month bid price and 3-month offer price was recorded at US$2,677 per tonne and US$2,679 per tonne. December 22 bid price and December 22 offer price settled at US$2,633 per tonne and US$2,638 per tonne. LME aluminium opening stock on November 12 stood at 974700 tonnes. Live warrants settled at 595825 tonnes and cancelled warrant totalled at 378875 tonnes. LME aluminium 3-month Asian...
The primary aluminium segment of the global aluminium industry is gradually navigated by environmental, social and governance (ESG) initiatives. The drive towards low-carbon aluminium production is now a mission for every manufacturer, as it is the future. The demand for aluminium is anticipated to pursue moving forward propelled by ESG especially from industries such as automotive and packaging. En+ Group’s metal division Rusal remains the leading producer of low-carbon aluminium, while the group’s commitment to achieving Net Zero at the COP26 UN Climate Change Conference in Glasgow. The first aluminium smelter in the Gulf region, Aluminium Bahrain B.S.C. (Alba), a leader in Environment, Social and Governance (ESG), has united with a top-class sustainability consultant to develop a...
LME aluminium cash (bid) price and LME official settlement price opened this week on Monday, November 8, at US$2,530 per tonne and US$2,530.50 per tonne, respectively, growing by US$40 per tonne or 1.61 per cent from the previous day. On Tuesday, November 9, they grew further to settle at US$2,581 per tonne and US$2,582 per tonne. However, on the next day, the prices decreased by US$28 per tonne to settle at US$2,553 per tonne and US$2,554 per tonne, but again rose on Thursday, November 11, by US$92 per tonne and US$91.50 per tonne to close at US$2,645 per tonne and US$2,645.50 per tonne. On Friday, LME aluminium cash (bid) price and LME official settlement price closed the week at US$2,675 per tonne and US$2,676 per tonne. 3-month bid price and 3-month offer price started the week at...
On 12 th November 2021, the Indian state-owned company having integrated and diversified operations in mining, metal and power under the ownership of the Ministry of Mines, National Aluminium Co Ltd (Nalco) reported a nearly seven-fold upswing in consolidated profit at INR 747.80 crore for the quarter ended 30 th September 2021. The Navratna CPSE under Ministry of Mines, Nalco stated during a BSE filing: “The Company had posted a consolidated profit of INR 107.27 crore in the year-ago period.” The filing revealed: “The consolidated income of the company during the July-September quarter increased to INR 3,634.59 crore over INR 2,399.05 crore in the year-ago period.” Nalco’s net profit leapt by 597.12% to INR 747.80 crore in the quarter ended September 2021 as against INR 107.27 crore...
