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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The Chairman of the Board of Directors of Aluminium Bahrain B.S.C. (ALBA), Shaikh Daij bin Salman bin Daij Al Khalifa was the main speaker at the 24 th Arab-German Business Forum 2021. The event was held at the Hotel Ritz-Carlton Berlin, Germany from October 4 to October 6 2021. The three-day Arab-German Business Forum is an important platform for promoting Arab-German business relations. The event includes panel discussions, Ambassador rountables, country workshops involving reputed speakers who will talk mainly about the key sectors with economies which can create opportunities and growth. The key members at the event were Ali Al Baqali, the Chief Executive Officer of Alba and Chief Marketing Officer Khalid A. Latif. Other people attending the event were Boris Santosi, the Marketing...
The aluminium shipments premium to the Japanese buyers for October to December closed at $220 per tonne. This shows an increase of 19% from the previous quarter flaunting higher overseas premium and tight supply, six sources involved directly in pricing talks said. The numbers are higher than the $185 per tonne paid for the July-September quarter, reflecting fifth consecutive quarterly increase, the highest since the 2015 April-June quarter. However, the amount recorded was below the initial offers of $230-$250 made by the producers. Japan, one of the biggest importers of light metal in Asia as well as the premiums PREM-ALLUM-JP for primary metal shipments has agreed to pay every quarter higher than the benchmark set by London Metal Exchange (LME) for the region. The sources revealed...
The global mining and metal giant Rio Tinto anticipates restarting full operations for production at its Kitimat aluminium smelter and the Kemano hydropower facility, in British Columbia, Canada's westernmost province following the attainment of a new labour agreement with workers. Anglo-Australian multinational miner in September 2021 declared that it has drawn up an in-principle agreement on a new collective labour agreement for BC Works with labour union Unifor Local 2310. The members of the largest private-sector union in Canada have now voted in favour of the agreement. Furthermore, in the collective labour agreement, the parties have also given consent on a memorandum of understanding for a new way of working together and on a comeback to work protocol. The agreements outline a...
The official association of primary aluminium producers, American Primary Aluminum Association (APAA) which is dedicated towards protecting the long-term interest of the U.S. primary aluminium industry and its workers came in support of the continuation of the Section 232 aluminium program. In order to preserve the importance of the Section 232 program, the domestic primary aluminium industry was seen supporting the tariff-rare quota (TRQ) for the European Union in contrary to the claims made by the associations representing foreign producers. It is because of these common-sense tariffs that the American primary aluminium industry got saved. It is also helping to rebuild the domestic industry, which is important for the U.S. national and economic security. Before the onset of the Section...
LME aluminium cash (bid) price increased by US$6 or by 0.20 percent to settle at US$2,894 per tonne. LME aluminium official settlement price surged by US$5.5 or by 0.19 percent to close at US$2,894.50 per tonne. 3-month bid price and 3-month offer price settled at US$2,911 per tonne and US$2,912 per tonne. December 22 bid price was found out to be US$2,788 per tonne and the offer price for the same stood at US$2,793 per tonne. LME aluminium opening stock for October 5 was recorded at 1211975 tonnes. Live warrants for the same closed at 644550 and cancelled warrant settled at 567425. LME aluminium 3-month Asian Reference Price for Tuesday, October 5 was recorded at 2907. SHFE Aluminium Price Trend The Shanghai Metal Market will be closed from October 1 to October 7 for the National Day...
On 5th September 2021, Sanjeev Gupta chaired GFG Alliance confirmed that it will initiate legal action against any attempts by the US private equity fund, AIP, to seize the power of the Dunkirk aluminium smelter which is part of GFG’s ALVANCE aluminium business. AIP bought out a chunk of the ALVANCE debts from its previous lenders earlier in 2021. The initial discussions also took place between GFG and AIP regarding a potential future sale of these assets but these discussions were briskly concluded by GFG due to précised concerns over the negotiations, and the gross under-market valuation AIP put on the business. GFG announced a fully commercial arrangement between ALVANCE and a leading international metal market business, at the concurrent of concluding negotiations with AIP in July...
On Tuesday, October 5, Coal India Limited (CIL), an Indian government-owned coal mining and refining corporation, said that its pre-feasibility report for an integrated Greenfield aluminium project in Odisha received an approval from the board. So, the company will now start conducting a pre-feasibility study for the project, as part of the ambitious diversification project from public enterprise to other sectors. The Maharatna firm said in a filing to the BSE that the Greenfield aluminium project would include bauxite mining, alumina refinery, aluminium smelter and associated captive power plant by its wholly-owned subsidiary Mahanadi Coalfields Ltd (MCL). In February, Coal India spoke about starting 26 projects in new business areas by investing INR 1.43 lakh crore. The new business...
On Monday, October 4, Hydro announced its decision to invest NOK60 million in a new casting furnace for the aluminium foundry alloy production at its largest and most modern primary aluminium plant in Sunndal. The company expects this investment to increase the production capacity of special alloys by 35,000 tonnes a year and improve the flexibility to switch between products, making the plant more robust in a cyclical market. The project will start immediately and is likely to be completed by Q1 2023. Plant Manager at Sunndal, Roar Ørsund, said: “We are pleased with this decision, which strengthens Hydro Sunndal's flexibility in the market and promotes greater consumption of low-carbon aluminum. A customer example we are pleased with is that aluminum from Sunndal will be used in Google's...
RUSAL and PJSC TransContainer (part of the DELO group) have joined the bandwagon to lower greenhouse gas emission and save the environment from its negative impact. Both of them have signed an agreement of intent on strategic cooperation to reduce the carbon content in the field of logistics. RUSAL’s General Director Evgenii Nikitin and President of PJSC TransContainer Alexander Isurin were a part of the ceremony. RUSAL is second largest producer of aluminium in the world as well as the leading producer of low carbon aluminium. PJSC TransContainer is a Russian operator of intermodal container and is known for managing the largest fleet of containers and flatcars in Russia. In order to lower the greenhouse gas emission, both the companies have joined hands to develop and implement new...
Alcoa Corporation has announced its net-zero emissions plans, which it aims to achieve by 2050. The main intention is to increase the use of renewable energy at operations and bring new innovations to the market. The company said that it would cut 75 per cent of both direct and indirect emissions known as Scope 1 and Scope 2 from aluminium smelting and alumina refining. To reduce emissions in refining and smelting processes, Alcoa will be using its own technologies like the Elysis zero-carbon smelting process and mechanical vapour recompression (MVR). Elysis joint venture was formed with Rio Tinto to develop a breakthrough technology known as inert anode, which emits pure oxygen and eliminates greenhouse gas (GHG) emissions associated with the traditional process to make molten aluminium....
The Indian state-run integrated aluminium company Nalco has attained the highest ever half-yearly production of cast metal in the 2021-22 financial year. On 5th September 2021, Pralhad Joshi, the Union Coal and Mines Minister congratulated the company on the achievement by saying: “NALCO has yet again reached another milestone in its glorious journey of Business Excellence. The Navratna CPSE has achieved the highest ever half-yearly Production of Cast Metal since inception in H1 FY22.” “Nalco produced 22,6,028 tonne of cast metal in 2021-22 financial year so far compared to 204,143 of the previous fiscal.” The company produced 17.61 lakh tonne bauxite, 5.21 lakh tonne alumina and 1.14 lakh tonne aluminium respectively during the June quarter, compared to 17.10 lakh tonne, 4.65 lakh tonne...
India’s largest producer of aluminium Vedanta revealed that its total aluminium production escalated 21% to 570,000 tonnes in Q2 FY22 compared with 473,000 tonnes in Q2 FY21. Vedanta has world-class aluminium smelters with power plants in Jharsuguda, Odisha and at BALCO in Chhattisgarh. The smelter at Jharsuguda is the world’s largest, ex-China. The aluminium production at Vedanta’s smelters in Jharsuguda and BALCO was higher by 4% as compared to Q1 FY22 mainly due to the up-gradation of pots. Anil Agarwal, Chairman of Vedanta: “Currently, we are manufacturing 2.2 million tonnes of aluminium and will be manufacturing 3 million tonnes in the recent future at the lowest cost.” In regards to Vedanta’s role in investment, the Chairman said: “In the coming days, we will be investing $20...
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices with effect from Tuesday, October 5, following a cut of over 1.5 per cent on Friday, October 1. Over the weekend, Hindalco’s aluminium ingot price has gained INR 3,000 per tonne to come in at INR 247,500 per tonne, in contrast to INR 244,500 per tonne. Hindalco’s aluminium wire rod price has also built up by INR 3,000 per tonne to stand at INR 258,600 per tonne. On October 1, the price stood at INR 255,600 per tonne, declining by INR 4,500 per tonne from the previous day. The company is currently selling its aluminium billets at INR 254,600 per tonne, compared to INR 251,600 per tonne in the previous week. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the...
Alcoa Corporation, the United States' largest aluminium producer, no more lags behind in taking a pledge to curb greenhouse gas emissions and reduce environmental impact. Like many other companies, Alcoa has also reportedly set a goal to be carbon neutral, and the timeline is 2050. As per the report, Alcoa will cut 30 per cent of direct and indirect emissions known as Scope 1 and Scope 2 from aluminium smelting and alumina refining operations by 2025 and decrease 50 per cent by 2030 from 2015 levels. Alcoa’s primary intention is to increase the use of renewable energy and expand low-carbon assets. Alcoa’s Chief Executive Officer Roy Harvey said, “This new endeavor is an extension of our ongoing efforts to reach a decarbonization pathway. We have been recognized for our environmental...
The world's leading diversified natural resource company, Vedanta with its headquarters in Mumbai is desirous to explore business augmentation opportunities in the Middle East region, comprising establishing a regional base in the UAE or Saudi Arabia. Vedanta is a leading producer of Aluminium & Power, Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore and Steel. The Anil Agarwal led company is one of the key partners of the Indian Pavilion at Expo 2020 and is ambitious to showcase “India’s capabilities” over the next six months. Sunil Duggal, Vedanta’s CEO and Director spotlighted UAE and the wider region as a promising hub for minerals and trade by saying: “We’re keen to talk to companies such as Ma’aden and Emirates Global Aluminium (EGA), to discuss collaborative opportunities.” “We’re...
On Monday, October 4, the Aluminium Stewardship Initiative announced the joining of the Shanghai Aluminum Industry Association to ASI as a new Associations Member, which brought the total number of ASI members to 198. The foundation of the Shanghai Aluminum Industry Association dates back to 1989. Shanghai and Yangtze River Delta Economic Zone engaged in aluminum, aluminum products, aluminum smelting production enterprises and aluminum industry chain of equipment, trade, scientific research and other relevant enterprises and institutions voluntarily established this association. It is a cross-sector, trans-ownership and non-profit industry organization, with nearly 400 member companies at present. The Shanghai Aluminum Industry Association is known for being committed to the services...
LME aluminium benchmark price increased by 0.83 percent on Monday, October 4. Both LME aluminium cash (bid) price and LME aluminium official settlement price elevated by US$24 or by 0.83 percent to close at US$2,888 per tonne and US$2,889 per tonne. 3-month bid price and 3-month offer price closed at US$2,908 per tonne and US$2,910 per tonne. December 22 bid price was recorded at US$2,790 per tonne and the offer price for the same day was found out to be US$2,795 per tonne. LME aluminium opening stock for October 4 settled at 1218775 tonnes. Live warrants were recorded at 642750 and the cancelled warrant stood at 576025. LME aluminium 3-month Asian Reference Price for Monday, October 4 closed at 2876.77. SHFE Aluminium Price Trend The Shanghai Metal Market will be closed from October 1 to...
On 30 th September, Shaikh Daij Bin Salman Bin Daij Al Khalifa, the Chairman of Board of Directors at Aluminium Bahrain B.S.C. (Alba) went for a field visit to the Alba Power Station 3 and 5 control rooms. It was his first visit to the Alba Power Station 3 and 5 control room since the dawn of Covid-19 pandemic. He was accompanied by other notable officials from the company including Ali Al Baqali the Chief Executive Officer and Amin Sultan the Chief Power Officer. Aluminium Bahrain B.S.C. is one of the largest aluminium smelter in the work and is capable of producing more than 1.548 million tonnes of aluminium smelter per annum (mtpa) (2020). The company is listed both on the Bahrain Bourse and London Stock Exchange. Out of the 3,665 MW build-in-capacity of the Alba power plant, it uses...
