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 soared by RMB 420 per tonne to close the week at RMB 23,650 per tonne on October 15, found the Shanghai Metals Market. The average prices are expected to range between RMB 23,630 per tonne and RMB 23,670 per tonne, with spot contract to be traded at a premium price of RMB 30-70 per tonne. In Wuxi, primary aluminium ingot price has grown the highest by RMB 515 per tonne to stand at RMB 23,765 per tonne, followed by the hike of RMB 490 per tonne in Hangzhou to also close at RMB 23,765 per tonne. In Shenyang and Chongqing, A00 aluminium ingot price has surged by RMB 480 per tonne and RMB 475 per tonne to peg at RMB 23,730 per tonne and RMB 23,715 per tonne, respectively. Aluminium alloy (A356) price has also soared by RMB 400 per tonne to stand at RMB...
On 14th October 2021, the institution that caters for the needs of the Indian Aluminium Industry, the Aluminium Association of India (AAI) pleaded to the Indian government-owned coal mining and refining corporation, Coal India Limited (CIL) for prompt resumption of coal supplies for the domestic aluminium industry stating that the ongoing severe crisis of the fossil fuel due to several factors has developed insecure circumstances. The statement has emerged at a situation when multiple power plants in the nation are encountering a scarcity of coal. The AAI in its letter to Pramod Agrawal, Chairman of CIL said: “Despite untiring efforts of MoC (Ministry of Coal) and CIL (Coal India Ltd) to support the industry, the current acute coal crunch due to various factors has created an immensely...
Three-month LME aluminium opened at US$3,040 per tonne on Wednesday morning and ranged between US$2,996-3,118.5 per tonne before closing at US$3,055 per tonne a drop of US$11 per tonne or 0.36 percent. On Wednesday, October 13, LME aluminium cash (bid) price ascended by US$24 or by 0.78 percent to total at US$3,075 per tonne. For the same day, LME aluminium official settlement price also increased by US$24 or by 0.78 percent to settle at US$3,076 per tonne. 3-month bid price and 3-month offer price closed at US$3,088 per tonne and US$3,089 per tonne. December 22 bid price was recorded at US$2,928 per tonne and the offer price for the same day stood at US$2,933 per tonne. LME aluminium opening stock for October 13 settled at 1128500 tonnes. Live warrants for the same day closed at 637425...
According to the Shanghai Metals Market, A00 aluminium ingot price in China has slipped by RMB 70 per tonne on Thursday, October 14, to come in at RMB 23,230 per tonne. The average prices are expected to range between RMB 23,210 per tonne and RMB 23,250 per tonne, with spot contract to be traded at a premium price of RMB 0-40 per tonne. Except for Tianjin and Linyi, the decrease in primary aluminium price has touched upon all the major cities in China. Both in Tianjin and Linyi, A00 aluminium ingot price has declined by RMB 180 per tonne to stand at RMB 22,800 per tonne. Wuxi has seen the sharpest fall of RMB 320 per tonne to stand at RMB 23,250 per tonne, followed by the plunge of RMB 305 per tonne in Hangzhou to come in at RMB 23,275 per tonne. In Foshan, A00 aluminium ingot price has...
On 13th October 2021, the Chairman of the world's largest aluminium producer, China Hongqiao Group stated that the company is deferring the plan to reposition aluminium capacity to Yunnan province precisely for energy restrictions imposed by the provincial government. The Chinese aluminium giant, Hongqiao planned to relocate 2 million tonnes of capacity to Wenshan prefecture and 1 million tonnes to Honghe prefecture in Yunnan province, which is almost half of its 6.46 million tonnes authorised annual primary aluminium capacity for uncomplicated access to hydropower, a move towards green. Hongqiao’s Chairman Zhang Bo said that they have rolled back the relocation idea due to power restrictions. However, 1 million tonnes of capacity had started in Wenshan last year. He further added, “The...
Three-month LME aluminium rose 0.79 percent to end at US$3,066 per tonne last night. On Tuesday, October 12, both LME aluminium cash (bid) price and LME aluminium official settlement price increased by US$32 or by 1.05 percent to settle at US$3,051 per tonne and US$3,052 per tonne. 3-month bid price and 3-month offer price totalled at US$3,072 per tonne and US$3,073 per tonne. December 22 bid price settled at US$2,928 per tonne and the offer price for the same day closed at US$2,933 per tonne. LME aluminium opening stock for October 12 closed at 1137675 tonnes. Live warrants for the same day were recorded at 637425 tonnes and cancelled warrant stood at 500250 tonnes. LME aluminium 3-month Asian Reference Price for Tuesday, October 12, settled at US$3,051.64 per tonne. SHFE Aluminium Price...
A00 aluminium ingot price witnessed a third-day rise in price as of the week. According to SMM, the primary aluminium ingot price has soared by RMB 90 per tonne to come in at RMB 23,330 per tonne. However, the average prices are expected to range between RMB 23,280 per tonne and RMB 23,320 per tonne, with spot contracts to be traded at a premium price of RMB 40-0 per tonne. In Hang Zhou the prices have surged the highest among other Chinese cities by RMB 360 per tonne to 23,580 per tonne, followed by Wu Xi the price climbed by RMB 350 to RMB 23,570 per tonne. A00 aluminium ingot price in Chong Qing shoot up by RMB 130 per tonne to RMB 23,310 per tonne, pursued by Shen Yang with a growth in price by RMB 120 per tonne to settle at RMB 23,320 per tonne. In Tian Jin, the price increases by...
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Mining king Rio Tinto has signalled that they will be joining hands with the Queensland government to look for clean energy for their Boyne aluminium smelter, as Australian manufacturers are gaining a lot due to the crisis in global energy prices which is urging smelters in Europe and Asia to cut productions. Aluminium prices soared to a 13-year high on Monday, fuelled by fears that rising electricity costs will drive more smelters in China, India, and Europe to reduce output, resulting in a shortage of the lightweight metal. While power prices in Queensland have risen in recent months as a result of an explosion at the Callide power station, Australian smelters benefited from extremely low power prices at the beginning of the year. Apart from this, four Australian smelters of Rio...
On Monday, October 11, the London Metal Exchange (LME), announced that they are planning to establish a digital base metal spot market which will focus on the trading of ‘green’ aluminum. For this initiative, LME will be partnering with a German digital metals trading platform called Metalshub. The spot trading will be taking place on Metalshub’s existing online trading platform. The new spot market will be aiming at physical users of industrial metals and is 144 years old exchange known for functioning Europe’s only remaining open outcry trading ring, which intends to boost their digital and sustainability credentials. While Metalshub is considered as the global hub for metals trading, LME’s unique derivatives contracts allows traders to buy and sell futures for particular days are...
Three-month LME aluminium opened at US$2,958.5 per tonne yesterday and closed at US$3,042 per tonne, up 2.79 percent. On Monday, October 11, LME aluminium cash (bid) price moved up US$117.5 or by 4.04 percent to record at US$3,019 per tonne. LME aluminium official settlement price soared up by US$118 or by 4.06 percent to close at US$3,020 per tonne. 3-month bid price and 3-month offer price settled at US$3,033 per tonne and US$3,034 per tonne. December 22 bid price closed at US$2,903 per tonne and the offer price for the same day was recorded at US$2,908 per tonne. LME aluminium opening stock for October 11 was recorded at 1150225 tonnes. Live warrants for the same day settled at 637425 tonnes and cancelled warrant totalled 512800 tonnes. LME aluminium 3-month Asian Reference Price for...
Primary aluminium production in China dropped by 3.72 per cent month-on-month to 3.11 million tonnes in September 2021 (30 days). On a year-on-year calculation, the output fell marginally by 0.10 per cent, found the Shanghai Metals Market. Of this, liquid aluminium accounted for 64.6 per cent in September, a decrease of 2 percentage points from August. The daily average output in September 2021 was 103,700 tonnes, down by only 300 tonnes on the month from 104,000 tonnes and 100 tonnes on the year from 103,800 tonnes. From January to September, China’s total primary aluminium production stood at 29.08 million tonnes, reflecting a year-on-year increase of 6.01 per cent from 27.43 million tonnes. The fall in China’s primary aluminium output in September could be attributed to the reduced...
The high power-intensive produced metal aluminium escalated to new heights since 2008, as the global power distress plunges the metal supplies utilized for the manufacturing of beverage cans to world-class mobile phones. The metal aluminium consumes around 14-megawatt hours of power for one-tonne output, which is considered enough to ferry an average home in Britain for more than three years. China initiated first to curb the aluminium production to restrict its industrial energy usage. However, ahead of the present energy crisis, China has placed a hard cap on the future capacity that assures to conclude years of over-expansion and augments the possibilities of a profound global shortfall. These days, with the soaring energy costs across Asia and Europe, there’s a looming threat of...
On 11th October 2021, Hilde Merete Aasheim, CEO of Norwegian aluminium and one of the largest aluminium companies worldwide, Norsk Hydro said: “The green transition is under threat unless governments can level the playing field between metal producers who are forced to pay offset costs for their emissions and those who are not.” In a keynote speech at the opening of LME Week in London, the metal industry's yearly summit, Hilde Merete Aasheim said: “Some are subject to the world's most ambitious climate policies, while others are not.” "If some of the world's greenest production has higher CO2 costs than many of those producing with a formidable CO2 footprint, that is not an efficient incentive structure to promote a speedy and successful green transition," she added. The metal giant’s CEO...
Yunnan YunLv Yongxin Aluminium Co., Ltd., located in Yangjie Industrial Park, Jianshui County, has bagged the Aluminium Stewardship Initiative’s Performance Standard certification for aluminium smelting and casting operations. The products the company produces include electrolytic aluminium liquid, remelting aluminium ingot, casting aluminium alloy, and aluminium bar. The facility has an annual production capacity of 300,000 tonnes of primary aluminium based on hydro power. Earlier in August 2021, Yunnan YunLv Yongxin Aluminium Co., Ltd. received the ASI Chain of Custody Standard Certification for its smelting, casting and sawing activities for the production of aluminium alloy flat ingots. Fiona Solomon, Chief Executive Officer at ASI, said: “We congratulate Yunnan YunLv Yongxin...
According to the Shanghai Metals Market on October 8, social inventories of primary aluminium increased by 47,000 tonnes to settle at 862,000 on the week across eight major consumption areas, along with SHFE warrants. The inventories increased across China. Last week on September 30, primary aluminium inventories stood at 815,000 tonnes by gaining 26,000 tonnes from the previous week. The chart below shows the recent status of primary aluminium inventories across China in more detail: In Nanhai, primary aluminium inventories increased by 18,000 tonnes to settle at 262,000 tonnes and in Wuxi, it went up by 17,000 tonnes to close at 283,000 tonnes. In Shanghai, primary aluminium inventories moved up by 2,000 tonnes to close at 78,000 tonnes and in Hangzhou, it surged by 1,000 tonnes to...
After remaining restrained on Friday at RMB 22,630 per tonne, A00 aluminium ingot price has opened the week on Monday, October 11, with a hike of RMB 180 per tonne to stand at RMB 22,810 per tonne, found the Shanghai Metals Market. The average prices are likely to range between RMB 22,790 per tonne and RMB 22,830 per tonne, with spot contract to be traded at a premium price of RMB 80-40 per tonne. Among the Chinese cities, Gongyi, Foshan, Tianjin, and Linyi have also seen an increase of RMB 180 per tonne in primary aluminium ingot price. While in Gongyi and Foshan, the price has come in at RMB 22,660 per tonne and RMB 22,820 per tonne, the price in Tianjin and Linyi is standing at RMB 22,800 per tonne, learned SMM. In Chongqing and Wuxi, primary aluminium ingot price has climbed by RMB...
Three-month LME aluminium opened at US$2,943 per tonne last Friday and closed at US$2,959 per tonne, up 0.59 percent. Both LME aluminium cash (bid) price and LME official settlement price reduced by US$14 or by 0.48 percent to settle at US$2,901.50 per tonne and US$2,902 per tonne. 3-month bid price and 3-month offer price closed at US$2,921.50 per tonne and US$2,922.50 per tonne. December 22 bid price settled at US$2,813 per tonne and the offer price stood at US$2,818 per tonne. LME aluminium opening stock for October 8 settled at 1170800. Live warrants for the same day closed at 638425 and cancelled warrant stood at 532375. LME aluminium 3-month Asian Reference Price for Friday, October 7 was recorded at 2930.89. SHFE Aluminium Price Trend Benchmark aluminium for SHFE surged up by US$14...
