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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Commodities tycoon Anil Agarwal led Vedanta Aluminium, which is also India’s largest producer of aluminium and value-added products, has secured the top spot at Perform, Achieve and Trade (PAT) Cycle-II among the Indian aluminium industry. The Ministry of Power, Govt. of India’s regulatory instrument ‘Perform Achieve and Trade (PAT) scheme’ that is deployed to lower specific energy consumption in energy-intensive industries with an associated market-based mechanism to enhance cost-effectiveness through certification of excess energy savings, which can be traded. Vedanta's subsidiary Bharat Aluminium Company (BALCO) bagged the desired apex spot with the highest Energy Saving Certificates among the aluminium smelters in India, followed by Vedanta Jharsuguda's Smelter. The alumina refinery...
On Tuesday, September 28, A00 aluminium ingot price has plummeted by RMMB 440 per tonne to stand at RMB 22,490 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 22,470 per tonne and RMB 22,510 per tonne, with spot contract to be traded at a premium price of RMB 30-10 per tonne. In Shenyang, primary aluminium ingot price has nosedived by RMB 505 per tonne to come in at RMB 22,420 per tonne, while the price in Chongqing has plunged by RMB 490 per tonne to peg at RMB 22,440 per tonne. In Foshan and Tianjin, aluminium price has decreased by RMB 450 per tonne to RMB 22,500 per tonne and RMB 22,480 per tonne and that in Wuxi and Hangzhou has shrunk by RMB 445 per tonne to stand at RMB 22,485 per tonne and RMB 22,490 per tonne, respectively....
Three-month LME aluminium opened at US$2,941 per tonne yesterday and closed at US$2,903 per tonne, a decrease of 0.89 percent. On Monday September 27, LME aluminium cash (bid) price dropped by US$17.5 or by 0.60 percent to stand at US$2,887.50 per tonne. The LME official settlement price also subsided by US$17.5 or by 0.60 percent to close at US$2,888 per tonne. 3-month bid price and 3-month offer price settled at US$2,903 per tonne and US$2,904 per tonne. December 22 bid price settled at US$2,777 per tonne and the offer price for the same day was recorded at US$2,782 per tonne. LME aluminium opening stock for September 27 closed at 1273750 tonnes. Live warrants closed at 687700 and cancelled warrants settled at 586050. For Monday, September 27, the LME aluminium 3-month Asian Reference...
On 25th September 2021, the global mining and metal giant Rio Tinto stated that the company and Canadian union Unifor has drawn up an agreement in principle on a new Collective Labour Agreement for BC Works. The agreement materializes following the number of weeks the second-round discussion happened between the two parties after the initial round of negotiations over proposed changes to workers' retirement benefits and unresolved grievances had dwindled to go through in July. The largest private-sector union in Canada, Unifor that represents about 900 workers at Rio Tinto’s aluminium smelting plant in Kitimat and power generating facility in Kemano had initiated a strike action at BC Works in July after the first round of discussion went to wane. Rio Tinto published a statement that...
According to the International Aluminium Institute, primary aluminium production in North America stood at 315,000 tonnes in August 2021, which was down by 18,000 tonnes or 5.41 per cent from 333,000 tonnes in July. In June 2021, primary aluminium output in North America stood at 328,000 tonnes, meaning the production in July increased by 5,000 tonnes or 1.52 per cent month-on-month. On a year-on-year calculation, North America’s aluminium production in August decreased by 16,000 tonnes or 4.83 per cent from 331,000 tonnes. In the first eight months of 2021, primary aluminium production in North America stood at 2.323 million tonnes, down by 12.64 per cent from 2.659 million tonnes during the same period last year. Primary aluminium production in South America stood at 101,000 tonnes in...
Emirates Global Aluminium in UAE, the top primary aluminium producer in GCC and a leading aluminium producer globally, has announced the accomplishment of its power plant, which will remarkably enhance environmental performance at EGA in Jebel Ali. The first in the UAE and the global aluminium industry, the Dh1 billion state-of-the-art power plant is built around a Siemens Energy H-class gas turbine, with a power generation capacity of 600 megawatts. The newly developed power plant will further upgrade the efficiency of power generation at EGA, retrieving natural resources, economizing costs and scaling down environmental emissions. The former five turbines whose efficiency has been reduced are being kept on standby for use only in emergencies at EGA. EGA’s power-generation and...
Three-month LME aluminium opened at $2,968 per tonne last Friday and closed at $2,929 per tonne, a decrease of 0.91 percent. On Friday September 24, LME aluminium cash (bid) price plunged by US$31.5 or by 1.07 percent to close at US$2,905 per tonne. The LME official settlement price also decreased by US$31.5 or by 1.07 percent to stand at US$2,905.50 per tonne. 3-month bid price and 3-month offer price settled at US$2,917.50 per tonne and US$2,918 per tonne. December 22 bid price was recorded at US$2,768 per tonne and the offer price for the same day stood at US$2,773 per tonne. LME aluminium opening stock for September 24 stood at 1281550 tonnes. Live warrants were recorded at 705575 and cancelled warrants stood at 575975. For September 24, the LME aluminium 3-month Asian Reference Price...
India’s primary aluminium producer, Bharat Aluminium Company (BALCO) has lately inked a Memorandum of Understanding (MoU) with Visvesvaraya National Institute of Technology (VNIT) Nagpur for using their green concrete solution towards road construction inside the plant area and the adjacent areas. VNIT’s innovative solution, green concrete is developed to exploit industrial by-products such as fly ash and bottom ash for construction purposes. The technology institute’s research has demonstrated that more than 500 kgs of ash could be consumed per cubic meter of concrete road, rather than the current usage of 100 kgs by addition of high solid content superplasticizer admixture developed by them. However, this roughly renders to about 600 tonnes of ash consumption per km of a single lane...
The global primary aluminium segment remained highlighted this week definitely due to the price factor but also for multiple reasons. The Pennsylvania-USA based Alcoa is gearing up to resume its idled aluminium smelter in Brazil, as it smelled the prices of aluminium sky-rocketing and production curb in China. However, another development has come from the American aluminium producer Alcoa that its senior executives are planning to invest more in 2022 to sustain their existing facilities, while they will be observing for acquisitions and anticipate the projected returns of growth projects to develop. On the other side, the aluminium producers in India raised their hands in regards to the supply shortage of thermal coal, which has already dented their production. In New Zealand, the Rio...
The former British Chancellor of the Exchequer George Osborne has cracked his first deal as an investment banker with the metal company that was once chaired by Russian oligarch and industrialist Oleg Deripaska. In April, George Osborne joined boutique advisory firm Robey Warshaw and with gratitude, to his contacts the firm is now advising the world’s leading low carbon producer, Rusal. The Russian aluminium giant Rusal is a subsidiary of London listed EN+ Group, a company founded by magnate Oleg Deripaska in 2002. Deripaska was already familiarised with the former Chancellor, having hosted him on his yacht off Corfu in 2008. However, as per our report, it was recognition of his relationship with Greg Barker, EN+ chairman, that he was able to bag the deal. Lord Barker served as a minister...
The Australian Renewable Energy Agency (ARENA) has floated an investment plan which will support the technologies needed for the zero-emissions transition. Established in 2012, the Australian Renewable Energy Agency is an independent organisation of the Australian Federal Government. ARENA was established to manage the renewable energy program of Australia. The Australian Renewable Energy Agency (ARENA) expanded its remit to incorporate low-emissions technology. Not only this, but they have also released their Funding and Investment Plan which will be used to finance the low-emissions technology. The investment plan will provide funding for the projects that reduce the energy transition like energy storage, supporting the transition to low emissions aluminium and steel as well as...
According to the Shanghai Metals Market, social inventories of primary aluminium rose 23,000 tonnes on the week across eight major consumption areas, including SHFE warrants. SMM data showed the inventories as of Thursday, September 23, came in at 789,000 tonnes. The increase was mostly contributed by Wuxi, Nanhai, and Gongyi. Last week, on September 16, primary aluminium inventories stood at 766,000 tonnes by gaining 15,000 tonnes from the previous week. The chart below indicates the current status of primary aluminium inventories across China in more detail: In Nanhai and Wuxi, primary aluminium inventories rose 11,000 tonnes and 10,000 tonnes to come in at 237,000 tonnes and 247,000 tonnes, respectively. Inventories in Gongyi increased 5,000 tonnes to peg at 71,000 tonnes as of...
Domestic primary aluminium production in the United States in July 2021 stood at 73,000 tonnes, reflecting a month-on-month increase of only 1,000 tonnes but a year-on-year downfall of 9,000 tonnes from 82,000 tonnes, showed the US Census Bureau. The average daily production in July 2021 was 2,350 tonnes, marginally less than 2,390 tonnes in June 2021. On a year-on-year basis, it plunged by 300 tonnes or 11.32 per cent from 2,650 tonnes. Total aluminium recovered from scrap in July 2021 was 268,000 tonnes, 1,000 tonnes less than 269,000 tonnes in June 2021 but unchanged from July 2020. Of this, 141,000 tonnes of aluminium was recovered from new scrap and 127,000 tonnes recovered from old scrap. In July 2021, the average US spot price of primary aluminium ingot was $1.44 per pound, 4.35...
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices for the second day in a row by INR 3,750 per tonne on Friday, September 24. The latest hike has brought the company’s aluminium ingot price at INR 249,500 per tonne, up by INR 3,750 per tonne or 1.53 per cent from INR 245,750 per tonne on September 23. Hindalco’s aluminium wire rod price has come in at INR 260,600 per tonne with effect from September 24, also an increase of INR 3,750 per tonne. On Thursday, September 23, Hindalco’s aluminium wire rod price stood at INR 256,850 per tonne after increasing by INR 2,500 per tonne from the previous day. Hindalco is currently selling its aluminium billets at INR 256,600 per tonne in comparison with INR 252,850 per tonne on September 23. Hindalco...
A00 aluminium ingot price has nosedived by RMB 400 per tonne on Friday, September 24, after hiking by RMB 500 per tonne on the previous day. According to the Shanghai Metals Market, the price has thus come in at RMB 22,920 per tonne, with average prices expected to range between RMB 22,900 per tonne and RMB 22,940 per tonne. The spot contract is likely to be traded at a premium price of RMB 20-20 per tonne. In Wuxi and Hangzhou, A00 aluminium ingot price has plunged by RMB 405 per tonne to stand at RMB 22,920 per tonne and RMB 22,925 per tonne, respectively, while the price in Foshan has decreased by RMB 400 per tonne to peg at RMB 22,950 per tonne, found SMM. Primary aluminium ingot price in Shenyang is also standing at RMB 22,925 per tonne but by losing RMB 375 per tonne. In Gongyi and...
Three-month LME aluminium opened at $2,932.5 per tonne yesterday and rose to $2,977.5 per tonne before closing at $2,956per tonne, an increase of $19 percent or 0.65 percent. Open interest rose 1,590 lots to 308,000 lots, and trading volume was 161,000 lots. On Thursday September 23, LME aluminium cash (bid) price increased by US$50.5 or by 1.74 percent to stand at US$2,936.50 per tonne. The LME official settlement price surged by 1.73 percent or by US$50 to close at US$2,937 per tonne. 3-month bid price and 3-month offer price closed at US$2,950 per tonne and US$2,951 per tonne. December 22 bid price stood at US$2,603 per tonne and the offer price for the same day was recorded at US$2,608 per tonne. LME aluminium opening stock September 23 closed at 1289075 tonnes. Live warrants were...
The largest aluminium producer in Egypt and one of the largest in Africa, Egyptalum shifted to make net profits of EGP 28.27 million during the fiscal year 2020-21, against net losses of EGP 1.67 billion in FY 2019-20, as disclosed by the adjusted unaudited financial results. On 23rd September 2021, during the filling at the stock exchange, the aluminium producer disclosed that its revenues surged to EGP 11.36 billion in the year ended 30th June from EGP 7.25 billion a year earlier. The positive trend of the company's financial results is attributed to the escalated average basic price of aluminium on the international market and a rise in sales volume by 98,000 tonnes. However, in the first nine months of FY2020-21, the metal company suffered net losses of EGP 347.72 million, down from...
The American industrial corporation and the world's eighth-largest producer of aluminium, with corporate headquarters in Pittsburgh, Pennsylvania, Alcoa’s senior executives are planning to invest more in 2022 to sustain their existing facilities. However, they will be observing for acquisitions and anticipate the projected returns of growth projects to develop. On 21st September 2021, at the Jefferies Virtual Base Metals & Battery Materials Summit, Bill Oplinger, CFO of Alcoa said: “Me, Roy Harvey CEO of Alcoa and our team view sustaining the company’s bauxite, alumina and aluminium operations as their top capital allocation program.” He further added: “The Pittsburgh-based company is on pace to spend $375 million this year on sustaining capital work as well as $50 million on growth...
