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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Qatar Aluminium Manufacturing Company (QAMCO) has announced the highest ever quarterly net profit of QR233 million during Q3 2021, ended September 30, as it has reaped the benefit of strong aluminium pricing amid renewed demand and restrained supply. That brought the total net profit to QR521 million for the nine-month period, an increase of 4,242 per cent from QR12 million during the same period last year. QAMCO’s share of revenue from JV amounted to QR2,127 million from January to September, compared to QR1,607 million a year ago, while its share of EBITDA stood at QR918 million, up by 104 per cent from QR450 million. QAMCO’s EBITDA margin was 43 per cent, while its closing cash balance was QR1.121 billion. QAMCO’s improved financial results were largely due to the growth in global...
A00 aluminium ingot price in China has opened the week with a plunge of RMB 250 per tonne on Monday, October 25, to stand at RMB 21,650 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 21,630 per tonne and RMB 21,650 per tonne, with average prices likely to range between RMB100-60 per tonne. In Tianjin, Shenyang, and Linyi, A00 aluminium ingot price has come in at RMB 21,710 per tonne by losing RMB 300 per tonne, RMB 280 per tonne, and RMB 270, respectively. In Wuxi and Gongyi, the primary aluminium ingot price has decreased by RMB 255 per tonne and RMB 250 per tonne to stand at RMB 21,640 per tonne and RMB 21,560 per tonne, while the price in Hangzhou and Chongqing has reduced by RMB 240 per tonne and RMB 225 per tonne to peg at RMB 21,660...
LME aluminium opened at US$2,912.5 per tonne last Friday morning and closed at US$2,875 per tonne, down US$28 per tonne or 0.96 percent. LME aluminium cash (bid) price moved down by US$67.5 or by 2.24 percent to close at US$2,945.50 per tonne. LME aluminium official settlement price descended by US$68 or by 2.25 percent to total at US$2,946 per tonne. 3-month bid price and 3-month offer price settled at US$2,955 per tonne and US$2,957 per tonne. December 22 bid price closed at US$2,857 per tonne and the offer price for the same day totalled at US$2,862 per tonne. LME aluminium opening stock for October 22 closed at 1086625 tonnes. Live warrants for the same day totalled at 621150 tonnes and cancelled warrants stood at 465475 tonnes. LME aluminium 3-month Asian Reference Price for Friday,...
National Aluminium Company Limited has sharply reduced its aluminium ingot and aluminium products prices with effect from Saturday, October 23, following a significant rise of INR 24,300 per tonne on October 15. With the latest cut, NALCO’s aluminium ingot price has come in at INR 253350-256850 per tonne, down by INR 18,500 per tonne or 6.8 per cent from INR 271,850-275,350 per tonne. NALCO’s aluminium wire rod price has also seen a plunge of INR 18,500 per tonne, which has brought the price from INR 274,350-278,700 per tonne to INR 255,850-260,200 per tonne. Aluminium billets price has come in at INR 256,800-259,450 per tonne compared to INR 275,300-277,950 per tonne on October 15. NALCO links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on...
On 22 nd October 2021, the largest aluminium smelter in Europe that specialises in the production of aluminium slabs and ingots, Aluminium Dunkerque Industries France SAS, formerly known as Liberty Industries France SAS accomplished the refinancing of its Senior Facility Agreement, comprising approximately $235 million of funded debt and $60 million in hedging liabilities. The company confirmed all holders of this facility that were previously in default have received payment at par plus accrued interest. The replacement facility is a bond held by affiliates of American Industrial Partners (AIP) Capital Fund VII, L.P. ("AIP"). The replacement facility comes with a five-year maturity, a diminished cash-pay interest rate and no mandatory amortization. The replacement facility also provides...
Coal shortage continues to be a matter of concern for the Indian aluminium industry this week. However, Indian state-run coal exploitation and refining company, Coal India Limited (CIL) has clarified that the supply dry foil fuel to the non-power sector like aluminium, steel, etc. has been diminished, but not completely ceased as professed by some sectors. As reported by a senior official of CIL, the course of action has been taken to consummate emergency demands for power plants as the country encounters a coal crisis. To know more: https://www.alcircle.com/news/supply-of-dry-fuel-to-the-non-power-sector-is-regulated-not-stopped-coal-india-71645 According to another report, due to the limited coal stock as Coal India has curtailed supply, India’s aluminium makers are taking costlier...
Primary aluminium production in Africa stood at 132,000 tonnes during September 2021, reflecting a decrease of 4,000 tonnes or 2.94 per cent month-on-month, found the International Aluminium Institute. In August 2021, Africa produced 136,000 tonnes of primary aluminium, which was only 1,000 tonnes higher than 135,000 tonnes in July. From a year ago, Africa’s primary aluminium production in September registered an increase of only 1,000 tonnes from 131,000 tonnes. Africa’s total primary aluminium production during July-September (Q3 2021) came in at 403,000 tonnes, up by 1.77 per cent quarter-on-quarter from 396,000 tonnes and 0.50 per cent year-on-year from 401,000 tonnes. From January to September 2021, primary aluminium production in Africa totalled 1.184 million tonnes – 1.74 per cent...
AlCircle, one of the leading providers of information related to the metal industry, believes in staying at the forefront of the global aluminium value chain sector. By delivering the latest information and data related to the industry, AlCircle likes to stay connected with their readers and keep them well informed about the industry. After the grand success of the first and second e-magazine under the topic Industry 4.0, AlCircle has come up with the third edition in this series of e-Magazine titled as “Aluminium Industry 4.0: Drivers & Change Makers of 2021”. The 3rd edition of the e-Magazine contains interviews and articles of some of the famous aluminium industry leaders, change makers, and pioneers. It also highlights the importance of Industry 4.0, its success stories, and how it is...
Hindalco Industries Limited has sharply cut its aluminium ingot and aluminium products prices with effect from Friday, October 21, following several growths until October 19. Hindalco’s aluminium ingot price has shrunk by INR 10,500 per tonne from INR 277,000 per tonne to INR 266,500 per tonne. The company has also cut its aluminium wire rod price by INR 10,500 per tonne from INR 288,100 per tonne on October 19 to INR 277,600 per tonne on October 21. Aluminium billets price is standing at INR 277,100 per tonne compared to INR 287,600 per tonne on the previous day. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which decreased during October 19-21 by US$162 per tonne to stand at...
LME aluminium opened at US$3,093.5 per tonne on Thursday morning and closed at US$2,903 per tonne, down US$194 per tonne or 6.26 percent. LME aluminium cash (bid) price decreased by US$51.5 or by 1.68 percent to settle at US$3,013 per tonne. LME aluminium official settlement price also moved down by US$51 or by 1.66 percent to score at US$3,014 per tonne. 3-month bid price and 3-month offer price closed at US$3,023 per tonne and US$3,023.50 per tonne. December 22 bid price totalled at US$2,903 per tonne and the offer price for the same day settled at US$2,908 per tonne. LME aluminium opening stock for October 21 stood at 1092600 tonnes. Live warrants for the same day closed at 625050 tonnes and cancelled warrants were recorded at 467550 tonnes. LME aluminium 3-month Asian Reference Price...
After an intermittent rise of RMB 220 per tonne on October 21, A00 aluminium ingot price in China has again decreased sharply to close the week below RMB 22,000 per tonne. The Shanghai Metals Market data has found that the primary aluminium ingot price has plummeted by RMB 1,440 per tonne on October 22 to come in at RMB 21,900 per tonne. The average prices are expected to range between RMB 21,880 per tonne and RMB 21,920 per tonne, with spot contract to be traded at a premium price of RMB 110-70 per tonne. In Chongqing, A00 aluminium ingot price has plunged by RMB 1,460 per tonne to stand at RMB 21,870 per tonne, and the price in Chongqing has declined by RMB 1,445 per tonne to peg at RMB 21,895 per tonne. In Hangzhou and Foshan, the primary aluminium ingot price has also declined...
According to the Shanghai Metals Market, China’s social inventories of primary aluminium have sharply grown by 70,000 tonnes across eight major consumption areas, including SHFE warrants, to come in at 957,000 tonnes on Thursday, October 21. This drastic growth is caused by higher arrivals of stocks at warehouses amid sluggish demand. Last week on October 14, China’s primary aluminium inventories stood at 887,000 tonnes by gaining 25,000 tonnes week-on-week. The chart below indicates the current status of primary aluminium inventories across China in more detail: Among all the major Chinese cities, Wuxi has seen the highest growth of 28,000 tonnes week-on-week to stand at 324,000 tonnes, followed by the increase of 17,000 tonnes in Shanghai to peg at 96,000 tonnes. In Nanhai and Gongyi,...
South32, a diversified mining and metal company, has kept its output estimate steady for the fiscal year 2022, based on the output in the first quarter. On Thursday, October 21, South32 informed that alumina output fell 10 percent Q-o-Q in the first quarter of FY2022 to 1.2 million tonnes, while aluminium production climbed by 1 percent to close at 248,000 tonnes. Following an incident in July that damaged one of the refinery's two bauxite unloaders, alumina production in Brazil fell by 22 percent in the third quarter. The business took swift steps to reduce the inconvenience by installing temporary loading equipment, and it was back up and running in October. “Our operations continue to perform well, achieving record production at South Africa Manganese and maintaining production above...
The world primary aluminium production continued to decrease in September 2021 by 3.20 per cent month-on-month to stand at 5.508 million tonnes, found the International Aluminium Institute. In August 2021, the output was 5.690 million tonnes, down by 0.75 per cent from 5.733 million tonnes in July. However, on a year-on-year calculation, the world production in September stood 1.77 per cent higher from 5.412 million tonnes. Total production in Q3 2021 (July-September) came in at 16.931 million tonnes, essentially unchanged from 16.922 million tonnes in Q2 2021 but 3.22 per cent more than 16.402 million tonnes a year ago. From January to September, the output totalled 50.639 million tonnes, 4.40 per cent higher than 48.504 million tonnes during the same period last year. The average daily...
On 20 th October 2021, the Secretary of the Mines Ministry, Govt. of India, Alok Tandon inaugurated the National Aluminium Company’s Lean Slurry Project at Angul, Odisha marking a notable milestone in the Indian state-owned integrated aluminium company’s journey for business supremacy and embracing outstanding practices in environmental management. Nalco released a statement that states the accomplishment of the Lean Slurry Project by Nalco will secure 100% utilisation of the ash produced at the company’s Captive Power Plant (CPP) and marks a remarkable move in its obligation towards environment-friendly and sustainable operations. The Chairman-cum-Managing Director (CMD) of Nalco, Sridhar Patra chaperoned Alok Tandon, visited the aluminium smelter and Captive Power Plant of Nalco at...
Three-month LME aluminium closed at US$3,097 per tonne, down 0.19 percent or US$6 per tonne. On Wednesday, October 20, both LME aluminium cash (bid) price and LME aluminium official settlement price moved down by US$111 or by 3.49 percent to total at US$3,064.50 per tonne and US$3,065 per tonne. 3-month bid price and 3-month offer price scored at US$3,074 per tonne and US$3,076 per tonne. December 22 bid price settled at US$2,963 per tonne and the offer price for the same day closed at US$2,968 per tonne. LME aluminium opening stock for October 20 was found to be 1098300 tonnes. Live warrants for the same day totalled at 625250 tonnes and cancelled warrants settled at 473050 tonnes. LME aluminium 3-month Asian Reference Price for Wednesday, October 20, stood at US$3034.63 per tonne. SHFE...
The voice of the aluminium industry in Europe, European Aluminium appreciates aluminium’s unique and permanent properties, as aluminium has been on a steady growth path since large-scale industrial aluminium production started in 1886. The metal aluminium is now the fastest-growing metal and the second most used metal in the world. The 1981 born, European Aluminium supported the growth of the European aluminium industry and to observe its 40 th anniversary, the association launched a micro-site, magazine and academic paper charting the development of the aluminium industry in Europe and the extraordinary rise of aluminium as a vital enabler of a more sustainable society. Gerd Götz, Director General of European Aluminium said: “Since the birth of European Aluminium in 1981, the association...
The Aluminium Association of India (AAI) on Tuesday, October 20, informed that India's aluminium makers are taking costlier electricity from the national grid, adding to pressure on utilities with limited coal stock, as state-run Coal India has curtailed supply. Due to a severe shortfall across the nation, state-run Coal India has imposed temporary supply restrictions on non-power users, including the energy-intensive aluminium industry, forcing manufacturers to use the grid. Aluminium producers in India, such as Hindalco Industries Ltd and Vedanta Ltd rely heavily on power supplied by captive utilities, which are not connected to the national grid and where firms generate electricity for their own use. The Aluminium Associates of India (AAI) estimates that the aluminium production may...
