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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National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium products prices with effect from Friday, October 1, following an increase on September 25. NALCO has cut its aluminium ingot price by INR 1,400 per tonne to INR 244,950-248,450 per tonne on October 1. On September 25, the price stood at INR 246,350-249,850 per tonne, increasing by INR 3,500 per tonne from 242,850-246,350 per tonne. NALCO’s aluminium wire rod price has also witnessed a decrease of INR 1,400 per tonne with effect from October 1, which brought the price from INR 248,850–253,200 per tonne on September 25 to INR 247,450-251,800 per tonne. NALCO is now selling its aluminium billets at INR 248,400-251,050 per tonne, compared to INR 249,800 – 252,450 per tonne on October 25. NALCO links its...
LME aluminium benchmark price soared up by 0.47 percent on Friday, October 1. LME aluminium cash (bid) price elevated by US$13.5 to settle at US$2,864 per tonne. The LME official settlement price notched up by US$14 or by 0.49 percent to score at US$2,865 per tonne. 3-month bid price and 3-month offer price settled at US$2,880 per tonne and US$2,881 per tonne. December 22 bid price was found out to be US$2,763 per tonne and the offer price for the same day closed at US$2,628 per tonne. LME aluminium opening stock for October 1 was recorded at 1229700 tonnes. Live warrants settled at 642750 and the cancelled warrant was found to be 586950. LME aluminium 3-month Asian Reference Price for Friday, October 1 stood at 2853.72. SHFE Aluminium Price Trend The Shanghai Metal Market will be closed...
The month of September 2021 extracted a lot of exciting moments from the global aluminium industry. The London Metal Exchange (LME) aluminium benchmark price escalated to a new milestone of US$3,000 per tonne, the first time ever since 2008. The political turmoil in the West African nation Guinea, the world’s largest exporter of bauxite and with the production curb in China has triggered the LME aluminium price to a 13-year high. The bauxite price from Guinea climbed the highest almost in 18 months at top metals consumer market China, as buyers distressed about supply followed a coup in the country. The western Xinjiang region in China, the home to almost one-fifth of the country’s primary aluminium capacity, directed five major smelters last month to cut 10% monthly output levels for...
Right from Tom Dobbins’s resignation from the position as President and Chief Executive officer of the Aluminum Association to Hydro’s new Plant Manager appointment at Husnes smelter, the world primary aluminium sector has offered many important news this week. But the topmost of all is China’s power shortage leading to aluminium production curb. As per the report, China’s power distress is feasibly much bigger and savage than it is envisioned. China is the world’s biggest consumer of coal with over 56 per cent consuming capacity for producing energy to cater for the needs domestically. Fossil fuel is Chinese energy security’s most crucial part. The high absorption of thermal power in China signifies that any fall-off in coal supply dents its propensity to engender adequate electricity....
The American private equity firm that invests in industrial businesses, American Industrial Partners (AIP) claimed to have grabbed control of distressed metal magnate Sanjeev Gupta’s Dunkirk aluminium smelter in France. On 1st October 2021, American Industrial Partners stated that it had acquired the Alvance smelter in Dunkirk and two other French establishments following Sanjeev Gupta chaired GFG Alliance failed to make payments on outstanding loans. However, in 2021, AIP bought up a portion of the debt at Europe’s largest aluminium smelter, Dunkirk, as well as at an associated mill in Belgium. Sanjeev Gupta anticipated securing a rescue loan with Anglo-Swiss multinational commodity trader Glencore, which had propounded to refinance the debt across his European aluminium business. The...
Slovalco, the only primary aluminium producer in Slovakia, is curbing production in reaction to the steep growth of electricity prices. Record price hikes of emission allowances and insufficient compensation from the states through the Environmental Fund are some of the other factors for the output cut. Slovalco, the majority of which is owned by global aluminium giant Norsk Hydro, produces 160,000 tonnes of aluminium annually in 226 furnaces, consuming 8 per cent of Slovakia’s total electricity consumption. Already, the company has idled 25 furnaces. “Without long-term foreseeable and fair conditions set by the Slovak government there are very hard times in front of us,” Ola Saeter, chair of the board of directors of Slovalco, told the Slovak Radio. “The worst scenario would be turning...
Hydro Aluminium Smelter in Husnes has appointed Jon Ola Ystgaard as a new Plant Manager, who will be reporting to Head of Primary Production in Hydro Aluminium Metal Ola Saeter. Mr Ystgaard, who will be joining Hydro Husnes on October 11, comes with vast years of experience in the aluminium industry, starting at Elkem Aluminum Mosjøen in 2000, where he worked as an electrolysis process engineer. He then moved to Elkem Aluminum to work on projects. In 2006, Jon Ola Ystgaard took over the position of Technical Manager at Elkem Aluminum, and after a year (2007), became Electrolysis Manager. He graduated in 1999 as a metallurgist from NTNU. Since 2014, Jon Ola has been associated with Aludyne Norge AS, an aluminium car parts manufacturer based in Farsund, as the General Manager. The former...
LME aluminium benchmark price edged 2.12 percent lower on Thursday, September 30. Both LME aluminium cash (bid) price and official settlement fell down by US$62 to close at US$2,850.50 per tonne and US$2,851 per tonne, respectively. 3-month bid price and 3-month offer price closed at US$2,866 per tonne and US$2,867 per tonne. December 22 bid price was recorded at US$2,755 per tonne and the offer price for the same day settled at US$2,760 per tonne. LME aluminium opening stock for September 30 stood at 1238300 tonnes. Live warrants were recorded at 642750 and the cancelled warrants closed at 595550. LME aluminium 3-month Asian Reference Price for Thursday, September 30 was noted at 2,904.76. SHFE Aluminium Price Trend The Shanghai Metal Market will be closed from October 1 to October 7 for...
According to the Shanghai Metals Market, social inventories of primary aluminium elevated by 26,000 tonnes to close at 815,000 tonnes on the week across eight major consumption areas, along with SHFE warrants. The increase was mostly due to Wuxi and Nanhai. Last week on September 23, primary aluminium inventories were recorded at 789,000 tonnes by gaining 23,000 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 moved up by 7000 tonnes to close at 244,000 tonnes and in Wuxi it increased by 19,000 tonnes to settle at 266,000 tonnes. On the other hand in Gongyi, primary aluminium inventories dropped 10,000 tonnes to settle at 61,000 tonnes. In Chongqing and Linyi,...
The mining and metals company headquartered in Perth, Western Australia, South32 Ltd. worked out its right to acquire an additional 25% stake in Mozambique-based Mozal Aluminium, a drive that will increase its annual output by 15% from the smelter. South32 acquired the additional stake in the aluminium smelter for $250 million from Mitsubishi subsidiary MCA Metals Holding, raising its stake in the smelter to just over 72%. On 31st August 2021, South32 had net cash of $553 million, while it funded the purchase from cash in hand. The Industrial Development Corporation of South Africa holds a 24% stake in Mozal Aluminium, while the Mozambique government holds 3.9% through preference shares. Graham Kerr, Chief Executive Officer of South32 said: "The smelter benefits from access to...
Three-month LME aluminium opened at US$2,937 per tonne yesterday and closed at US$2,913 per tonne, down by US$19 per tonne or 0.65 percent. On Wednesday September 29, LME aluminium cash (bid) price climbed up by US$14 or 0.48 percent to reach at US$2,912.50 per tonne. LME aluminium official settlement also grew by US$14 per tonne or 0.48 percent to close at US$2,913 per tonne. 3-month bid price and 3-month offer price stood at US$2,929 per tonne and US$2,930 per tonne. December 22 bid price stood at US$2,628 per tonne and the offer price for the same day was noted at US$2,803 per tonne. LME aluminium opening stock for September 28 was recorded at 1248625 tonnes. Live warrants closed at 643700 and the cancelled warrants stood at 604925. LME aluminium 3-month Asian Reference Price for...
According to the Shanghai Metals Market, A00 aluminium ingot price has shrunk by RMB 190 per tonne to come in at RMB 22,630 per tonne on Thursday, September 30, following a sharp rise of RMB 330 per tonne on the previous day to RMB 22,820 per tonne. The average prices are expected to range between RMB 22,610 per tonne and RMB 22,650 per tonne, with spot contract to be traded at a premium price of RMB 120-80 per tonne, down by RMB 40 per tonne from the previous day. In Tinajin and Linyi, primary aluminium ingot price has plunged by RMB 200 per tonne to stand at RMB 22,620 per tonne and RMB 22,580 per tonne, respectively, followed by the decrease of RMB 190 per tonne in Foshan and Gongyi to RMB 22,660 per tonne and RMB 22,470 per tonne. In Hangzhou and Wuxi, A00 aluminium ingot price has...
Tom Dobbins is stepping down from his position as President and Chief Executive officer of the Aluminum Association, Arlington, Virginia, at the end of October 2021. The news came on Tuesday, September 28, after the Aluminum Association announced it officially, adding that the board of directors thanked Dobbins for his service to the association and the aluminum industry. Tom Dobbins has served the association as President and CEO for over a year since March 2020. On receiving the resignation from Tom Dobbins, Aluminum Association has started looking for a new president and CEO. But until the position is filled, several other executives within the association will serve on the association’s interim leadership team. The team includes Joe Quinn, vice president of external affairs at the...
On 29 th September 2021, Aluminium Bahrain B.S.C (Alba) held its first in-person BoD Meeting for the third quarter of 2021 at Alba Oasis Hall. Shaikh Daij Bin Salman Bin Daij Al Khalifa, the Chairman of Alba’s Board of Directors, started the Board meeting with a welcoming note to the Board of Directors and Alba Executives and stated: “We are very thankful to the Kingdom of Bahrain’s Leadership for everything they have done since the start of COVID-19 pandemic and towards His Royal Highness Prince Salman bin Hamad Al Khalifa the Crown Prince and Prime Minister for his hands-on efforts along with all frontliners' in Bahrain to bring us to where we are today: citizens and residents in order to keep us safe. We were able to conduct this Board Meeting in-person since the start of the COVID-19...
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium products prices with effect from Saturday, September 25, after a week it decreased the prices on September 17. With the latest hike, NALCO’s aluminium ingot price has come in at INR 246,350-249,850 per tonne, up by INR 3,500 per tonne from 242,850-246,350 per tonne. NALCO’s aluminium wire rod price has also witnessed a rise of INR 3,500 per tonne with effect from September 25 to stand at INR 248,850–253,200 per tonne. Until this hike, NALCO’s aluminium wire rod price hovered around INR 245,350- 249,700 per tonne, which was down by INR 3,000 per tonne from the previous price. NALCO is currently selling its aluminium billets at INR 249,800 – 252,450 per tonne, compared to INR 246,300-248,950 per tonne...
Electricity is an essentiality of human life and the world’s most populous country China is countering a power shortage. As of now, it is only known that Chinese aluminium smelters are curbing production, steel mills are closing down, while some cities are turning off street lights, as energy sectors are experiencing a lack of thermal coal. Notwithstanding, China’s power distress is feasibly much bigger and savage than it is envisioned. Javier Blas, the Chief Energy Correspondent at Bloomberg posted on social media by writing: “CHINA ENERGY CRUNCH: The electricity shortages in China are worsening, and widening geographically. It’s getting so bad Beijing is now asking some food processors (like soybean crushing plants) to shut down.” China is the world’s biggest consumer of coal with over...
Three-month LME aluminium rose 1.0 percent to end at $2,932 per tonne on overnight. On Tuesday September 28, both LME aluminium cash (bid) price and LME aluminium official settlement price surged by US$11 or by 0.38 percent to close at US$2,898.50 per tonne and US$2,899 per tonne. 3-month bid price and 3-month offer price stood at US$2,915 per tonne and US$2,916 per tonne. December 22 bid price was recorded at US$2,798 per tonne and the offer price for the same day settled at US$2,803 per tonne. LME aluminium opening stock for September 28 closed at 1256450 tonnes. Live warrants closed at 679950 and cancelled warrants stood at 576500. For Tuesday, September 28, the LME aluminium 3-month Asian Reference Price was found to be 2893.10. SHFE Aluminium Price Trend Benchmark aluminium SHFE for...
The National Food and Strategic Reserves Administration said on Monday, September 27, that China would put another 150,000 tonnes of industrial metals on auction. China is continuing to release inventories from state reserves to lower metal prices. The next auction, which marks the fourth round this year, is scheduled on October 9, 2021. As per the Nasdaq report, the Chinese administration will sell 70,000 tonnes of aluminium, 30,000 tonnes of copper, and the rest 50,000 tonnes of zinc on online platforms operated by Norinco and China Minmetals Corp. The last auction was held on September 1, wherein the administration also released 150,000 tonnes of metals. The upcoming auction will bring the total amount of metal released in 2021 to 570,000 tonnes. Prior to this, the country had not sold...
