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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A00 aluminium ingot price in China has jumped by RMB 860 per tonne to stand at RMB 20,200 per tonne on Friday, October 29, following incessant declines since October 22 from RMB 23,340 per tonne to RMB 19,340 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,180 per tonne and RMB 20,220 per tonne, with spot contract to be traded at a premium price of RMB 80-40 per tonne. In Hangzhou and Foshan, A00 aluminium ingot price is also standing at RMB 20,200 per tonne by gaining RMB 865 per tonne and RMB 860 per tonne, respectively, while the price in Wuxi and Linyi has hiked by RMB 850 per tonne and RMB 820 per tonne to close at RMB 20,190 per tonne and RMB 20,260 per tonne, respectively. In Gongyi, Tianjin, and Shenyang, primary aluminium ingot...
On 28 th October 2021, Ingrid Jörg chaired European Aluminium during the annual general assembly appealed for a stronger EU industrial policy, specifying the vital challenges of unfair trade practices and a lack of access to affordable green energy. The chairperson also welcomed six new members at this year’s Autumn Meetings. The aluminium industry association is celebrating its 40 th anniversary this year, now cast up over 95 members, representing more than 600 facilities across 30 European countries. The 2021 General Assembly of the voice of the aluminium value chain in Europe, European Aluminum observed its 40 years of industry collaboration, a vital event for the European aluminium industry, executives and experts manifested on the development of the European aluminium industry and...
National Aluminium Company Limited (NALCO) has yet again cut its aluminium ingot price significantly, with effect from Thursday, October 28. In tandem with the incessant decline in LME aluminium benchmark price, NALCO has reduced its ingot price by INR 19,100 per tonne from INR 253,350-256,850 per tonne to INR 234,250-237,750 per tonne. On the previous day, October 23, NALCO’s aluminium ingot price had seen a slash of INR 18,500 per tonne or 6.8 per cent. NALCO’s aluminium wire rod price has also witnessed a sharp cut of INR 19,100 per tonne or 7.4 per cent to INR 236,750-241,100 per tonne. The company’s aluminium billets price is currently standing at INR 237,700-240,350 per tonne after being reduced from INR 256,800-259,450 per tonne. NALCO links its aluminium ingot and aluminium...
The body advocating for enterprise and promoting the voice of thousands of businesses across New Zealand, BusinessNZ said: “We should be grateful Tiwai Aluminium smelter is still here, rather than blaming it for higher power prices.” However, the New Zealand Electricity Authority, the independent Crown entity responsible for the regulation of the electricity market stated that each household pays around NZ$200 per year more, because of the Meridian Energy deal supplying Tiwai aluminium smelter cheap electricity. Tina Schirr, Executive Director Energy and Innovation, BusinessNZ Energy Council said: “Higher costs have been mainly because of low water, and a lack of gas and wind supply.” She further added: “A lot of people were keen for Tiwai aluminium (NZAS) to stay on to secure jobs and...
Three-month LME aluminium opened at US$2,835 per tonne on Wednesday morning and closed at US$2,665.50 per tonne, down US$166.50 per tonne or 5.88 per cent. LME aluminium cash (bid) price and LME aluminium official settlement price have recorded a sharp fall of US$127 per tonne to stand at US$2,703.50 per tonne and US$2,704 per tonne, respectively, on Wednesday, October 27. 3-month bid price and 3-month offer price moved down to US$2,724.50 per tonne and US$2,725 per tonne. December 22 bid price and December 22 offer price hovered around US$2,673 per tonne and US$2,678 per tonne. LME aluminium opening stock on October 27 stood lower at1055300 tonnes. Live warrants remained restrained at 621150 tonnes, while cancelled warrants decreased to 434150 tonnes. LME aluminium 3-month Asian...
A00 aluminium ingot price in China has nosedived by RMB 1,140 per tonne to come below RMB 20,000 per tonne on October 28. According to the Shanghai Metals Market, the price is standing at RMB 19,340 per tonne, with average prices likely to range between RMB 19,320 per tonne and RMB 19,360 per tonne, with spot contract to be traded at a premium price of RMB 70-30 per tonne, up by RMB 30 per tonne from the previous day. In Shenyang, the primary aluminium ingot price has plummeted by RMB 1,055 per tonne to stand at RMB 19,490 per tonne, while the price in Foshan and Chongqing has plunged by RMB 1,050 per tonne to come in at RMB 19,340 per tonne and RMB 19,330 per tonne, respectively. In Hangzhou, A00 aluminium ingot price has seen a decrease of RMB 1,145 per tonne to RMB 19,335 per tonne,...
Three-month LME aluminium opened at US$2,893 per tonne on Tuesday morning and closed at US$2,832 per tonne, down US$64.50 per tonne or 2.23 per cent. LME aluminium cash (bid) price and LME aluminium official settlement price plunged for the sixth day in a row by US$86 per tonne to stand at US$2,830.50 per tonne and US$2,831 per tonne, respectively, on Tuesday, October 26. 3-month bid price and 3-month offer price settled at US$2,844 per tonne and US$2,844.50 per tonne. December 22 bid price and December 22 offer price hovered around US$2,767 per tonne and US$2,772 per tonne. LME aluminium opening stock on October 26 stood at 1064425 tonnes. Live warrants for the same day totalled 621150 tonnes, while cancelled warrants stood at 443275 tonnes. LME aluminium 3-month Asian Reference Price...
A00 aluminium ingot price in China has registered a decline yet again by RMB 380 per tonne to stand at RMB 20,480 per tonne on Wednesday, October 27, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,460 per tonne and RMB 20,500 per tonne, with spot contract to be traded at a premium price of RMB 100-60 per tonne. In Gongyi and Foshan, primary aluminium ingot price has plunged by RMB 390 per tonne and RMB 380 per tonne, respectively, to come in at RMB 20,400 per tonne and RMB 20,490 per tonne, while the price in Shenyang has shrunk by RMB 375 per tonne to peg at RMB 20,545 per tonne. In Wuxi, Hangzhou, and Chongqing, A00 aluminium ingot price has declined by RMB 370 per tonne to close at RMB 20,480 per tonne, and the price in Tianjin and Linyi has...
On 26 th October 2021, an international aluminium industry body stated that around $1.5 trillion of investment is necessitated to decarbonise power supplies used to produce aluminium, so the sector can initiate achieving the United Nations climate goals. During an online presentation, the only body representing the global primary aluminium industry, the International Aluminium Institute (IAI) said: “But that huge investment is only a portion of the funds needed so the output of aluminium, one of the most energy-intense metals, can cut emissions by 2050.” IAI further added: “Around 60% of the aluminium sector's emissions are from the production of electricity consumed in the smelting process, but the investment is also needed to shift to green hydrogen, deploy carbon capture and boost...
The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) reported that the aluminium ingot production in Iran registered a hike of 23 per cent during the first six months of the nation’s calendar year (from March 21 to September 21) as compared to the same period last year. The organization also revealed that four major aluminium producers of Iran churned out 260,679 tonnes of aluminium ingot in total within the first six months of the year, while during the same period last year, the production stood at 211,779 tonnes. The large producers included Iran Alumina Company, Al-Mahdi Aluminum Production Co., IRALCO and SALCO. In the first four months of Iranian calendar year, aluminium ingot production stood at 175,000 tonnes, reflecting an increase of 26.30 per...
On 26 th October 2021, the Chinese company listed in Hong Kong and in New York bourse, Aluminum Corp of China Ltd stated that its quarterly net profits in July-September leapt more than five-fold Y-o-Y, swiping to highest since late 2013 on the shoulders of booming aluminium and alumina prices. The Chinese state-controlled company, Chalco, said: “Q3 net income was RMB 2.23 billion ($349 million), up around 430% from an adjusted RMB 421.25 million a year earlier.” The Refinitiv Eikon data reveals: “Profits were also up almost 6% from a bumper second quarter and marked Chalco's best result since the net income of RMB 2.79 billion in the fourth quarter of 2013.” The Q3 revenues concurrently shot up by 51.3% Y-o-Y to RMB 74.19 billion as Shanghai aluminium prices escalated to their highest...
In September 2021, North America produced 304,000 tonnes of primary aluminium compared to 315,000 tonnes in August, found the International Aluminium Institute (IAI). That was down by 11,000 tonnes or 3.49 per cent month-on-month, learned the data. On a year-on-year calculation, North America’s primary aluminium production was 4.1 per cent or 13,000 tonnes less than 317,000 tonnes. From July to September (Q3 2021), North America churned out 952,000 tonnes of primary aluminium, which reflected a decrease of 4.23 per cent quarter-on-quarter from 994,000 tonnes. Also over the year, the output stood 2.96 per cent lower than 981,000 million tonnes. In total nine months of the year, North America’s primary aluminium production amounted to 2.932 million tonnes, down by 1.48 per cent from 2.976...
The global metal giant Rio Tinto partners with Carbfix, the provider of natural and permanent storage solutions by turning CO2 into stone underground in less than two years, to implement a technology for capturing carbon and permanently storing it underground at the ISAL aluminium smelter in Iceland. The MoU for a strategic partnership reveals that Carbfix will use Rio Tinto’s land surrounding the ISAL smelter for onshore CO2 injection in the world’s first carbon mineral storage hub, the Coda Terminal, while liquefied CO2 will be imported by ship from industrial sites across North Europe for storage. Rio Tinto visions ISAL as an ideal site to become the first smelter where carbon capture and storage is implemented in the aluminium industry. Both the parties will work together to advance...
En+ Group and its metals subsidiary, RUSAL has released new research today that emphasises the vital role of low carbon aluminium in Japan's Green Growth Strategy, laying the groundwork for the green energy transition and the further expansion of the circular economy. Based on industry statistics, the study forecasts a 20 percent growth in demand for aluminium semis from Japanese firms between 2020 and 2025. While cast aluminium products in Japan are nearly 100 percent recyclable, primary aluminium will still be required to supply more than 50 percent of predicted demand. Because of the high energy intensity of aluminium manufacturing, raw materials imported into Japan can have dramatically varying embedded emissions depending on the power sources employed, according to the report. When...
To meet a 2050 net-zero carbon emissions target, Australia is banking on existing technology and unproven innovations. Prime Minister Scott Morrison will carry the pledge to the UN's COP26 climate meeting in Glasgow, which begins on Sunday. Despite worldwide pressure to do more in the coming decade to reduce global temperature rises, Australia will not change its 2030 targets. Instead, the administration announced fresh predictions suggesting that by the end of the decade, the country will have reduced its emissions by 30 to 35% compared to 2005 levels. This exceeds the current target of 26 to 28% but falls well short of countries like the United States, which has vowed a reduction of 50 to 52%. Mr Morrison stated on Tuesday that the government's ambition to achieve carbon neutrality by...
A00 aluminium ingot price in China has continued to decline for the third day in a row by a significant amount of RMB 790 per tonne to stand at RMB 20,860 per tonne on October 26, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,840 per tonne and RMB 20,880 per tonne, with spot contract to be traded at a premium price of RMB 100-60 per tonne. In Hangzhou, Chongqing, and Wuxi, A00 aluminium ingot price is standing at RMB 20,850 per tonne by losing RMB 810 per tonne, RMB 795 per tonne, and RMB 790 per tonne, respectively. In Shenyang, primary aluminium ingot price has also plunged by RMB 790 per tonne but come in at RMB 20,920 per tonne. In Gongyi and Foshan, the price has plunged by RMB 770 per tonne and RMB 750 per tonne to close at RMB 20,790 per...
Three-month LME aluminium rose 0.75 percent to end at US$2,896.5 per tonne on Monday. On Monday, October 25, both LME aluminium cash (bid) price and LME aluminium official settlement price descended by US$29 or by 0.98 percent to total at US$2916.5 per tonne and US$2,917 per tonne. SHFE Aluminium Price Trend On Monday, October 25, benchmark aluminium price for SHFE decreased by US$127 to settle at US$3,281 per tonne. The most-traded SHFE 2112 aluminium closed down RMB 345 per tonne to RMB 21665 per tonne, with open interest down 5272 lots to 205809 lots. The most-traded SHFE 2112 aluminium contract fell 2.12 percent to settle at RMB 21,205 per tonne last night.
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On Sunday, October 24, Aluminium Bahrain (Alba), launched their second plant-wide Social, Environment, and Governance Awareness Campaign (ESG) called, ‘Shaping Our Future.’ Alba is one of the world’s leading smelters in Sustainable Development. Ali Al Baqali, the Chief Executive Officer of Alba started the campaign with a virtual keynote, signifying the achievements of the company and adaptability in terms of ESG. He also highlighted the incorporation of Bahrain’s Economic Vision 2030 Objectives and UN Sustainable Development Goals (SDGs) into the 5-year strategy of Alba. “To anchor sustainability at the heart of Alba, we have linked ESG in every aspect of our operations; this was also underlined in our Mission on how to remain competitive while charting a path to greater economic and...
