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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Southwest China’s Yunnan province, one of the country’s largest aluminium-producing areas, has reportedly removed preferential electricity pricing for electrolytic aluminium producers to control power consumption amid shortages. The news came after the provincial government issued a policy on Monday prescribing an immediate cancellation of power price discounts and subsidies to the aluminium industry. This will result in an increase in electricity costs, estimates Shi Fuliang, co-founder of aluminium industry research firm ALD. Shi Fuliang said the province would adopt a tiered electricity pricing system. Yunnan used to offer preferential electricity pricing to aluminium companies at 16 per cent to 22 per cent lower than the industry average. The cost of electricity accounts for 40 per...
LME aluminium opened at US$2,722 per tonne on Tuesday morning and closed at US$2,680 per tonne, down $39.50 per tonne or 1.45 per cent. On Monday, November 2, LME aluminium cash (bid) price shrank by US$ 33.50 per tonne or 1.24 per cent to stand at US$ 2,679 per tonne, while LME aluminium official settlement price plunged by US$33 per tonne to come in at US$2,680 per tonne. 3-month bid price and 3-month offer price totalled US$2,697 per tonne and US$2,698 per tonne. December 22 bid price and December 22 offer price closed at US$2,640 per tonne and US$2,645 per tonne, respectively. LME aluminium opening stock on November 2 declined from 1035525 tonnes to 1028325 tonnes. Live warrants settled at 625350 tonnes and cancelled warrants recorded at 402975 tonnes. LME aluminium 3-month Asian...
Price of aluminium will stay high until next year, since smelters have been compelled to cut production due to increased energy costs. On Monday, Global analysts stated that, the total price of aluminium in 2021 is expected to stand at US$2,450 per tonne and US$2,300 per tonne in 2022, up from US$2,300 per tonne and US$2,100 per tonne in the previous year. The price of aluminium, which is required for making almost everything from soda cans to aeroplane components, had stabilised after reaching a 13-year high of US$3,221 during the third quarter, due to the supply concerns caused by China’s power crunch. In order to decrease the pressure on the power grid, aluminium smelters in China were asked to limit or stop their production. In addition, worldwide producers were also asked to reduce...
On Monday, En+ group, one of the largest shareholders of Rusal stated that the company is expected to complete the demerger of its higher-carbon assets into a new business in the second half of 2022. Previously, Hong-Kong listed Rusal, largest producer of aluminium outside China had anticipated this procedure to be completed in the first quarter of 2022. As part of the effort, it aims to change its name to AL+, which it expects will help it reach carbon neutrality by 2050. Rusal's high-carbon operations should be demerged, according to En+, which controls 56.9 percent of the company. Sual Partners, Rusal's second-largest stakeholder, also supports the notion, according to En+. Sual Partners, which controls 25.6 percent of Rusal, stated in a separate statement, “fully shares Rusal’s...
Three-month LME aluminium opened at US$2,742 per tonne yesterday and closed at US$2,719.5 per tonne, down 0.51 percent. On Monday, November 1, LME aluminium cash (bid) price soars up by US$18 or by 0.66 percent to stand at US$2,712.50 per tonne. LME aluminium official settlement price also ascended by US$18 or by 0.66 percent to total at US$2,713 per tonne. December 22 bid price and December 22 offer price closed at US$2,660 per tonne and US$2,665 per tonne. LME aluminium opening stock on November 1 stood at 1035525 tonnes. Live warrants settled at 625350 tonnes and cancelled warrants were recorded at 410175 tonnes. LME aluminium 3-month Asian Reference Price for Monday, November 1, closed at US$2,719.42 per tonne. SHFE Aluminium Price Trend On Tuesday, November 2, the benchmark aluminium...
The global aluminium industry observed several enticing events in the month of October 2021. The interim President of Guinea with the authorities has set up an Audit Committee that will be responsible for scrutinizing the financial misconduct of the Alpha Condé regime majorly of the bauxite mining contracts. The London Metal Exchange witnessed the surge of aluminium price as it crossed the $3000 per tonne mark, the highest since July 2008. The metal aluminium consumes around 14-megawatt hours of power for one-tonne output. According to the Dutch aluminium producer, Aldel, the cost of electricity is currently about 4,500 euros per tonne of aluminium, while the aluminium selling price is around 2,500 euros per tonne. The Guinea coup leader turned interim President of the West African...
Researchers at the National University of Science and Technology (NUST MISIS) collaborated with other Russian experts to develop a low-cost aluminium alloy that can resist temperatures up to 150°C higher than its counterparts. The material, according to the experts who developed it, would drastically lower the weight and carbon footprint of new rail trains, aeroplanes, and other technology. The Journal of Alloys and Compounds has published their study. In practically all conditions, including the atmosphere, seas, freshwater, many chemical solutions, and most foodstuffs, aluminium and most aluminum-based alloys are extremely corrosion resistant. Aluminium is widely used in aerospace, automotive, electronics, and other sectors because to these qualities, as well as its low specific gravity...
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China, has announced the third quarter and nine months report of 2021, wherein it has mentioned a profit of BD125.9 million (US$335 million) for Q3 2021, versus a Loss of BD11.6 million (US$30.9 million) for the same period in 2020. The total comprehensive income stood at BD126.4 million (US$336.1 million) in Q3 as against BD11.7 million (US$31.1 million) a year ago. With regards to revenue, it increased by 48 per cent year-on-year from BD262.7 million (US$698.6 million) to BD388.9 million (US$1,034.2 million) in 3Q2021. In nine months, Alba earned a profit of BD270.7 million (US$720 million), up by 1,320 per cent YoY, versus a Loss of BD22.2 million (US$59.1 million) for the same period in 2020. Comprehensive...
LME aluminium opened at US$2,749 per tonne last Friday morning and closed at US$2,733.5 per tonne, down US$14.5 per tonne or 0.53 percent. Both LME aluminium cash (bid) price and LME aluminium official settlement price decreased by US$26 or by 0.95 percent to total at US$2,694.50 per tonne and US$2,695 per tonne. 3-month bid price and 3-month offer price US$2,693 per tonne and US$2,695 per tonne. December 22 bid price and December 22 offer price stood at US$2,628 per tonne and US$2,633 per tonne. LME aluminium opening stock on October 29 settled at 1042800 tonnes. Live warrants were recorded at 625350 tonnes and cancelled warrants closed at 417450 tonnes. LME aluminium 3-month Asian Reference Price for Friday, October 29, totalled at US$2,697.42 per tonne. SHFE Aluminium Price Trend On...
A00 aluminium ingot price in China has increased by RMB 40 per tonne to stand at RMB 20,240 per tonne on Monday, November 1, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,220 per tonne and RMB 20,260 per tonne, with average prices likely to range between RMB 100-60 per tonne, down by RMB 20 per tonne from the previous day. In Foshan, A00 aluminium ingot price has climbed by RMB 70 per tonne to stand at RMB 20,270 per tonne, followed by the rise of RMB 45 per tonne in Chongqing to RMB 20,235 per tonne. In Gongyi, Wuxi, and Hangzhou, primary aluminium ingot price has gained RMB 30 per tonne to come in at RMB 20,130 per tonne, RMB 20,220 per tonne, and RMB 20,230 per tonne, respectively. In Linyi, A00 aluminium ingot price has grown by RMB 20 per...
This week has been a week for quarterly updates from many stalwart primary aluminium companies such as Hydro, Qamco, Chalco, and Vedanta. Hydro announced that in 3Q2021, it produced 573,000 tonnes of primary aluminium, which was 2 per cent up from 561,000 tonnes in Q2 2021 and 10 per cent higher than 522,000 tonnes in Q3 2020. It also revealed that its revenue in Q3 was 6 per cent more than in Q2 2021 and 33 per cent higher than in Q3 2020 at NOK 36,710 million. In total nine months, Hydro churned out 1.673 million tonnes of primary aluminium as compared to 1.559 million tonnes a year ago. To know more: https://www.alcircle.com/news/hydros-primary-aluminium-production-in-3q2021-grows-2-to-573-000-tonnes-ebitda-from-primary-aluminium-totals-nok4-263-million-71748 Qatar Aluminium...
The Indian commodities magnate Anil Agarwal chaired Vedanta Ltd. publicized a consolidated net profit of INR 4,615 crore in the July-September quarter, which reveals an upswing by more than five times from the corresponding period previous year at INR 838 crore on a low-base effect. Consecutively, net profit was up 9.2% from INR 4,224 crore. The top line of the company during the phase under review, stood at INR 30,048 crore, surging by 44% from the same period existing year on the shoulder of towering commodity prices. However, the quarterly revenue is considered a record for the company. On a call to discuss the earnings, Sunil Duggal, CEO of Vedanta commented: “High commodity prices have placed Vedanta in a strong position and we are benefitting from this increase in prices.” He also...
LME aluminium benchmark price shrunk by US$222 per tonne throughout the week ended October 29, 2021. LME aluminium cash (bid) price and LME official settlement price started the week on Monday, October 25, at US$2,916.50 per tonne and US$2,917 per tonne. They both plunged on October 26 for the sixth day in a row by US$86 per tonne to US$2,830.50 per tonne and US$2,831 per tonne. On October 27, the prices again fell sharply by US$127 per tonne to come in at US$2,703.50 per tonne and US$2,704 per tonne, but moved up the next day to US$2,720.50 per tonne and US$2,721 per tonne. On Friday, October 29, both LME aluminium cash (bid) price and LME official settlement price closed the week US$2,694.50 per tonne and US$2,695 per tonne, respectively. 3-month bid price and 3-month offer price...
On 28 th October 2021, The Aluminum Association made public that Charles “Chuck” Johnson will join as the group’s new President & CEO effective 3 rd January 2022. In his previous assignment, Johnson spent more than four years as President & CEO of the International Safety Equipment Association (ISEA), a trade organization representing the personal protective equipment and technologies industry. However, prior to that, he served for 19 years at the Aluminum Association in roles of increasing responsibility. Johnson on being appointed for the role said: “I am thrilled to be part of the Aluminum Association’s next chapter during this exciting time for the U.S. aluminium industry. Aluminium has enormous opportunities and challenges in areas like global trade, recycling, climate and supply...
Hydro has announced in its 3Q2021 results that it produced 573,000 tonnes of primary aluminium in the said period. That was up by 2 per cent from 561,000 tonnes in Q2 2021 and 10 per cent higher than 522,000 tonnes in Q3 2020. Backed on the increase in production and surge in LME aluminium price, Hydro earned the revenue of NOK 36,710 million in Q3 2021, 6 per cent more than in Q2 2021 and 33 per cent higher than in Q3 2020. During the third quarter, the LME aluminium price skyrocketed to US$2,419 per tonne from US$2,210 per tonne in Q2 2021. In total nine months, Hydro churned out 1.673 million tonnes of primary aluminium as compared to 1.559 million tonnes a year ago. Hydro has reported that its adjusted EBITDA grew 100 per cent year-on-year to NOK 7,219 million in 3Q2021, of which NOK...
China’s social inventories of primary aluminium rose 25,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants, to come in at 982,000 tonnes on Thursday, October 28. That marked the eighth consecutive week of rising, primarily contributed by higher arrivals of stocks in Wuxi, Shanghai, and Gongyi. Last week, on October 21, China’s primary aluminium inventories grew sharply by 70,000 tonnes from the previous week to close at 957,000 tonnes. The chart below indicates the current status of primary aluminium inventories across China in more detail: Primary aluminium inventories in Wuxi increased the highest this week by 17,000 tonnes to 341,000 tonnes, followed by the rise of 6,000 tonnes in Gongyi to close at 90,000 tonnes. In Hangzhou and Linyi, primary...
The Chinese power intense metals manufacturing sector straps under the oppression of a national power catastrophe, while the govt. sustains a restriction on smelting to achieve emissions targets. Besides the retrench of magnesium production, the other most power-intensive metal aluminium manufacturing sector in China has encountered a 2.3 million tonne downfall since the outset of the energy crisis in September 2021, when extensive power restriction dashed the nation during a rally to slash carbon emissions and diminish power generation. The price of aluminium touched and crossed $3,000 per tonne to a 13-year high in October 2021, the highest mark since 2008. However, before attaining the milestone, aluminium was usually priced in between $1,500 to $2,000 per tonne, though it has cooled...
On Thursday, October 28, both LME aluminium cash (bid) price and LME aluminium official settlement moved up by US$17 or by 0.62 percent to close at US$2,720.50 per tonne and US$2,721 per tonne respectively. 3-month bid price and 3-month offer price ascended to US$2,732 per tonne and US$2,733 per tonne. December 22 bid price and December 22 offer price was recorded at US$2,668 per tonne and US$2,673 per tonne. LME aluminium opening stock on October 28 closed at 1051350 tonnes. Live warrants stood at 625350 tonnes and cancelled warrants settled at 426000 tonnes. LME aluminium 3-month Asian Reference Price for Thursday, October 28, stood at US$2,682.55 per tonne. SHFE Aluminium Price Trend On Friday, October 29, the benchmark aluminium price for SHFE ascended by US$124 per tonne to total at...
