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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Restrictions on power usage in China have resulted in a 7 per cent domestic annual aluminium production capacity cut so far this year. This news has come after Wood Mackenzie consultancy revealed the outcome of its comprehensive studies on the impact of China’s energy crunch on the domestic metals sector. "We identified around 3.2 million tonnes per annum (of aluminium) capacity was cut so far this year, of which only a little has been restarted," Wood Mackenzie said. The consultancy added, "We also expect more (aluminium production) suspensions in Yunnan (province) in the fourth quarter as the impact of insufficient hydropower supply has been exacerbated by the dry season." China has restricted electricity consumption for high energy-intensive sectors to reduce carbon emissions and...
A00 aluminium ingot price in China has soared by RMB 630 per tonne on November 12, marking the second consecutive day of hike. According to the Shanghai Metals Market, the price is standing at RMB 19,430 per tonne, with average prices likely to range between RMB 19,410 per tonne and RMB 19,450 per tonne. The spot contract is expected to be traded at a premium price of RMB 50-10 per tonne. In Gongyi and Linyi, A00 aluminium ingot price has surged by RMB 630 per tonne and RMB 600 per tonne to come in at RMB 19,430 per tonne and RMB 19,460 per tonne, respectively, followed by the increase of RMB 555 per tonne and RMB 550 per tonne in Chongqing and Foshan to RMB 19,405 per tonne and RMB 19,460 per tonne. In Tianjin, primary aluminium ingot price has hiked by RMB 510 per tonne to RMB 19,360...
The Odisha Electricity Regulatory Commission’s positive move by allowing one unit of Vedanta IPP adding to the surplus power within the state to utilize its power for aluminium production within the state which would be developing thousands of employment in and around Jharsuguda. As a judicial body, OERC has given a statement and accordingly the difference of opinion delivered by all the stakeholders, including GRIDCO, Government of Odisha and others have been considered and eventually a fair and logical order has been given in the interest of the state and consumers. The order of OERC permits GRIDCO to draw power when actually in deficit and allow IPP power to be used in the state when there is a power surplus situation. A comprehensive review of the order distinctly manifests that after...
Automation Innovation based in Victoria, Australia, has designed and engineered the new AiRC-1000. The system features robotic automation and a high-intensity laser to clean anode rods used in aluminium smelters. Aluminium is one of the world’s most abundant metals and is found naturally in bauxite. Whilst Australia is the world’s largest producer of bauxite; China is the leading producer of aluminium. Aluminium is highly sought-after in transportation; construction; electrical engineering; and machinery manufacturing sectors due to its low weight, durable, highly malleable, corrosion-resistant, conductive, affordable, and recyclable nature. China, the United States, Germany, India, and Japan have the highest demand for aluminium. However, demand has dropped due to COVID-19 and industry...
Three-month LME aluminium opened at US$2,575 per tonne on November 11 and closed at US$2,657 per tonne, an increase of US$79 per tonne or 3.06 per cent. On Thursday, November 11, LME aluminium cash (bid) price and LME official settlement price surged by US$92 per tonne and US$91.50 per tonne, respectively, to close at US$2,645 per tonne and US$2,645.50 per tonne. 3-month bid price and 3-month offer price moved up by US$82 per tonne and US$80.50 per tonne to come in at US$2,655 per tonne and US$2,655.50 per tonne. December 22 bid price and December 22 offer price totalled US$2,620 per tonne and US$2,625 per tonne, respectively. LME aluminium opening stock on November 11 decreased to 982025 tonnes. Live warrants closed at 595825 tonnes, while cancelled warrants settled at 386200 tonnes. LME...
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium products prices with effect from November 11, following three consecutive cuts since October 25. The latest hike has brought the company’s aluminium ingot price to INR 219,850-223,350 per tonne versus INR 216,150-219,650 per tonne on November 6. That reflected an increase of INR 3,700 per tonne. NALCO’s aluminium wire rod price has come in at INR 222,350-226,700 per tonne, also up by INR 3,700 per tonne from INR 218,650-223000 per tonne on November 6. Aluminium billets price has seen a rise of INR 3,700 per tonne as well from INR 219,600-222,250 per tonne to INR 223,300-225,950 per tonne. NALCO links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the...
The leading vertically-integrated producer of low-carbon aluminium and independent hydropower, En+ Group, confirmed its commitment to achieving Net Zero at the COP26 UN Climate Change Conference in Glasgow. More than 120 countries heads of state and business representatives attended the two-week climate conference, while it is anticipated to conclude on 12 th November 2021. The primary initiative of COP26 has been the Glasgow Financial Alliance for Net Zero (GFANZ). It has augmented 25-fold since April to include 450 firms from 45 countries. Participants incorporated commercial banks, insurance and audit companies, pension funds, rating agencies and stock exchanges that control a total of $130 trillion (£95 trillion) in assets. This accounts for around 40% of global assets. Furthermore,...
According to the Shanghai Metals Market, China’s social inventories of primary aluminium have dropped this week after more than two months of incessant hikes. Data shows the inventories have dipped by 6,000 tonnes across eight major consumption areas, including SHFE warrants, to come in at 1.007 million tonnes as of November 11, 2021. On last Thursday, November 4, primary aluminium inventories stood at 1.01 million tonnes, climbing by 31,000 tonnes on week. The chart below indicates the current status of primary aluminium inventories across China in more detail: Primary aluminium inventories in Gongyi have seen a sharp decline of 12,000 tonnes week-on-week to come in at 78,000 tonnes as of November 11, followed by the plunge of 11,000 tonnes in Nanhai to 267,000 tonnes. In Shanghai and...
According to a recent report, Aluminium Bahrain B.S.C. (Alba) has floated a tender to seek developers for a 5 megawatt solar power plant, which will be built on the premises of the firm in Bahrain. The developer will be responsible for handling design, construction, and commissioning of the solar plant. The solar plant will be deployed across operational areas and car parks. The closing date to submit technical bids is January 31. Bahrain aims at developing 255 megawatt of solar generation capacity by 2025 by using net metering, tenders for large-scale projects, and a renewable energy mandate for new buildings. The kingdom contemplates to develop a total of 700 megawatt renewable energy capacity, including solar, wind and energy-from-waste generation, by 2030. According to the...
Three-month LME aluminium opened at US$2,563.50 per tonne on November 10 and closed at US$2,548 per tonne, an increase of 0.62 per cent. On Wednesday, November 10, LME aluminium cash (bid) price and LME official settlement price decreased by US$28 per tonne to settle at US$2,553 per tonne and US$2,554 per tonne, respectively. 3-month bid price and 3-month offer price stood at US$2,573 per tonne and US$2,575 per tonne, while December 22 bid price and December 22 offer price totalled US$2,545 per tonne and US$2,550 per tonne. LME aluminium opening stock on November 10 came in at 991375 tonnes. Live warrants closed at 599925 tonnes, while cancelled warrants settled at 385700 tonnes. LME aluminium 3-month Asian Reference Price stood at US$2,576.61 per tonne on November 10. SHFE Aluminium...
A00 aluminium ingot price in China has increased by RMB 290 per tonne to stand at RMB 18,800 per tonne on Thursday, November 11, following a plunge of RMB 440 per tonne on the previous day. SMM data shows the average prices are expected to range between RMB 18,780 per tonne and RMB 18,820 per tonne, with spot contract to be traded at a premium price of RMB 120-80 per tonne. In Hangzhou, A00 aluminium ingot price has climbed by RMB 520 per tonne to stand above RMB 19,000 per tonne, while the price in Wuxi has surged by RMB 500 per tonne to peg at RMB 18,990 per tonne on November 11. In Gongyi, the primary aluminium ingot price has increased by RMB 320 per tonne to come in at RMB 18,800 per tonne, followed by the hike of RMB 285 per tonne in Chongqing and Shenyang to RMB 18,850 per tonne...
The demand for aluminium is anticipated to remain robust in the future aligned with widening efforts to protect the environment by most countries in the world through the application of environmental, social and governance (ESG) initiatives. Tan Sri Koon Poh Keong, the CEO of Press Metal Aluminum Holdings Bhd Group, Malaysia said: “The implementation of ESG would encourage companies to use recyclable materials as their raw materials, of which aluminium is one of them.” He further added: “The demand for aluminium was expected to continue moving forward driven by ESG especially from industries such as automotive and packaging.” "Strong demand will support the price of aluminium. In addition, the constraints on the supply of aluminium going forward will also support the price to remain...
Vedanta Limited is selling its aluminium ingot price at INR 224,000-237,000 per tonne as of November 10, 2021. Among aluminium products prices, the company’s aluminium wire rod price has come in at INR 231,500- 239,000 per tonne, while aluminium billets price is standing at INR 232,000 per tonne. Like any other Indian aluminium producers, Vedanta Limited links its aluminium products and aluminium ingot prices to the three month futures of aluminium on the London Metal Exchange. On November 9, 2021, the LME aluminium benchmark price grew for the second day in a row by US$51.50 per tonne to come in at US$2,582 per tonne. On a month-on-month calculation, the price stood nearly 11 per cent lower than US$2,902 per tonne. Vedanta’s aluminium business typically accounts for one-third of the...
In October 2021, China’s primary aluminium production reflected a month-on-month increase of 1.61 per cent from 3.11 million tonnes to 3.16 million tonnes, found the Shanghai Metals Market. But on a year-on-year basis, the output stood down by 2.55 per cent from 3.25 million tonnes. SMM data showed the daily output in October averaged 102,000 tonnes, which was 1.64 per cent less than 103,700 tonnes in the previous month. This downfall could be attributed to the fall in operating capacities in Shanxi, Henan, and Guizhou due to power rationing and production restriction in the winter heating season. No existing capacity was resumed nor were any new capacities put into production. From January to October 2021, China churned out 32.24 million tonnes of primary aluminium in total, an increase...
Three-month LME aluminium opened at US$2,602.50 per tonne yesterday and closed at US$2,562 per tonne, a decrease of 1.46 per cent. On Tuesday, November 9, LME aluminium cash (bid) price grew by US$51 per tonne to come in at US$2,581 per tonne, while LME official settlement price increased by US$51.50 per tonne to settle at US$2,582 per tonne. 3-month bid price and 3-month offer price stood at US$2,600 per tonne and US$2,601 per tonne, respectively. December 22 bid price and December 22 offer price totalled US$2,578 per tonne and US$2,583 per tonne. LME aluminium opening stock on November 9 continued to decline to 991375 tonnes. Live warrants slumped to 599925 tonnes, while cancelled warrants climbed to 391450 tonnes. LME aluminium 3-month Asian Reference Price stood at US$2,587 per tonne...
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 fully-fledged roadmap to realise its ambitious ESG goals pursuant to Bahrain’s commitment for ‘Net Zero Emissions’ by 2060. The roadmap of Alba will lay out quick wins, short-term and long-term goals in compliance with the Company’s Mission to inspire change and encourage its status as an Aluminium Stewardship Initiative (ASI) certified aluminium producer. Lately, Alba has issued a public tender for supplying and installing solar panels for its Solar Farm with a view to diversify its energy sources and adopt clean energy in line with the Kingdom of Bahrain’s Economic Vision 2030 and its...
On Monday, November 8, Alcoa Corporation disclosed a technology roadmap for the aluminium industry to achieve a sustainable future, attaining net-zero greenhouse gas emissions by 2050 across global operations. The list of technologies included a new, proprietary post-consumer scrap recycling process and processes to design a refinery that lowers capital intensity, eliminates carbon emissions, and addresses other industry challenges. “Our technology roadmap represents an array of next-generation solutions that could significantly reduce emissions across the upstream value chain and concurrently generate significant stockholder value,” said Alcoa President and CEO Roy Harvey. “Our Refinery of the Future design and the ELYSIS zero carbon smelting technology, as just two examples, not only...
Domestic primary aluminium production in the United States in August 2021 stood at 73,000 tonnes, essentially unchanged from July 2021 but down year-on-year by 7,000 tonnes or 8.75 per cent from 80,000 tonnes, showed the latest data revealed by the US Census Bureau. The average daily production in August 2021 also remained the same as in the previous month at 2,360 tonnes but reflected a downfall of 9 per cent from 2,580 tonnes a year ago. Total aluminium recovered from scrap in August was 267,000 tonnes, 1,000 tonnes less than 268,000 tonnes in July and 3,000 tonnes less than 270,000 tonnes in August 2020. Of this, 142,000 tonnes of aluminium was recovered from new scrap and 125,000 tonnes from old scrap. In August 2021, the average US spot market price of primary aluminium ingot was...
