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 observed a record rise for the second day following the 4-day holiday. According to SMM, the primary aluminium ingot price has escalated by RMB 500 per tonne to come in at RMB 23,320 per tonne. However, the average prices are expected to range between RMB 23,300 per tonne and RMB 23,340 per tonne, with spot contracts to be traded at a premium price of RMB 20-20 per tonne. In Hang Zhou and Wu Xi, the prices have jacked up the highest among other Chinese cities by RMB 510 per tonne to 23,330 per tonne and to RMB 23,325 per tonne. A00 aluminium ingot price in Chong Qing also soared by RMB 470 per tonne to 23,290 per tonne followed by Tian Jin with a rise by RMB 460 per tonne to RMB 23,290 tonne. In Shen Yang and Lin Yi, the price surged by RMB 450 per tonne to RMB...
Three-month LME aluminium opened at $2,853 per tonne yesterday and closed at an intraday high at $2,942 per tonne, an increase of US$89 per tonne or 3.13 percent. Open interest rose 13,000 lots to 295,000 lots, and trading volume was 187,000 lots. On Wednesday September 22, LME aluminium cash (bid) price surged by US$22.5 or by 0.78 percent to close at US$2,886 per tonne. The LME official settlement price inched by US$23 or by 0.80 percent to settle at US$2,887 per tonne. 3-month bid price and 3-month offer price stood at US$2,905.50 per tonne and US$2,906 per tonne. December 22 bid price was recorded at US$2,770 per tonne and the offer price for the same day was found to be US$2,775. LME aluminium opening stock for September 22 stood at 1304725 tonnes. Live warrants were recorded at...
Soon after a day of decline, Hindalco’s aluminium ingot and aluminium products prices have seen a rise with effect from Wednesday, September 22. Hindalco Industries Limited has increased its aluminium ingot price by INR 1,250 per tonne or 0.52 per cent to INR 243,250 per tonne on September 22. On Tuesday, September 21, the price stood at INR 242,000 per tonne, down by INR 5,000 per tonne from the previous day. Hindalco’s aluminium wire rod price has also been grown by INR 1,250 per tonne from INR 253,100 per tonne on September 21 to INR 254,350 per tonne on September 22. With effect from today, Hindalco is selling its aluminium billets at INR 250,350 per tonne in comparison with INR 249,100 per tonne on September 21. Hindalco Industries Limited links its aluminium ingot and aluminium...
Primary aluminium production in Africa stood at 137,000 tonnes in August 2021, which reflected an increase of 2,000 tonnes or 1.48 per cent for the second month in a row from 135,000 tonnes in July, according to the International Aluminium Institute. In June 2021, Africa produced 130,000 tonnes of primary aluminium, meaning the output in July registered a hike of 5,000 tonnes or 3.85 per cent month-on-month. On a year-on-year calculation, Africa’s primary aluminium production also stood 2,000 tonnes higher at 137,000 tonnes, found IAI. In the first eight months of 2021, Africa’s primary aluminium production totalled 1.053 million tonnes, down by 1.96 per cent from 1.074 million tonnes during the same period last year. World’s primary aluminium production in August 2021 came in at 5.699...
The Cameroon government agency, the National Institute of Statistics published a report which revealed that the country exported 14,925 tonnes of aluminium in H1-2021 compared to the 22,869 tonnes exported in 2020 during the same period. This shows a year-on-year decline of 34.70%. One of the main reasons for the decline of aluminium export by Cameroon was due to the financial trouble which ALUCAM was countering, while it is the only producer of aluminium in the CEMAC region. The economic activities in Cameroon are gaining momentum after the negative impact of the pandemic on the local and international business, but ALUCAM’s operations are still under the negative radar. The decline in the number of productions for Cameroon for H1-2021 was more prominent than what they witnessed in 2020,...
The Indian aluminium producers have urged Coal India Ltd for immediate resumption of coal supplies to the metal industry as they are countering an extreme dearth of thermal coal that has initiated to impede their operations for the production of aluminium. On 21st September 2021, the Aluminium Association of India (AAI) in a communication to the Chairman of Coal India said: “The state-run coal miner’s ad-hoc decision for stopping/drastically curtailing coal supplies and rakes for the non-power sector (NRS) is pushing the aluminium sector into a coal crunch situation for their captive power plants (CPPs).” The production of aluminium is a constant process-deployed highly power-intensive industry, where coal reckons for around 40% cost of aluminium production. AAI further added: “Aluminium...
LME aluminium opened at US$2,866 per tonne on Tuesday morning and fell due to the strengthening of the US dollar, and closed at US$2,848 per tonne, down US$13 per tonne or 0.45 percent. Open interest fell 932 lots to 261,000 lots, and trading volume was 285,000 lots. On Tuesday, September 21, LME aluminium cash (bid) price inched by US$17 or by 0.59 percent to stand at US$2,863.50 per tonne. The LME official settlement price also surged by US$17 or by 0.59 percent to close at US$2,864 per tonne. 3-month bid price and 3-month offer price closed at US$2,878 per tonne and US$2,878.50 per tonne. December 22 bid price settled at US$2,728 per tonne and the offer price for the same stood at US$2,733. LME aluminium opening stock for September 21 was recorded at 1315975 tonnes. Live warrants...
The leading aluminium producer Alcoa Corporation has tooled up on a project to restart an idled aluminium smelter in Brazil following the hike in aluminium prices to a 13-year high and Chinese output reduction. On 20th September 2021, the Pittsburgh headquartered aluminium producer and its partner South32 Ltd. will expend around $75 million, including approx. $10 million in capital expenditures to restart Alumar in north-eastern Brazil said in a statement. The fully retrenched aluminium smelter since 2015 is set to deliver its first molten metal in Q2 2022. In May, the decision was pronounced as a possibility due to the constant price rally of aluminium and also the gradual rise in demand for aluminium from cars to cans stirred the metal price nearly double over the last 18 months. The...
According to a recent report, Anil Agarwal-led Vedanta Limited’s investment proposal worth INR 1,240 crore to expand the capacity of an aluminium smelter in Jharsuguda has been rebuffed by an expert panel of the Union ministry of environment, forests and climate change (MoEF&CC). This proposal, which originally aimed at increasing the production capacity from 16 MTPA to 18 MTPA, was earlier accepted by the Naveen Patnaik government. In June 2008, Vedanta received a nod from the then-United Progressive Alliance government for setting up the 16 MTPA smelter. The ministry has now rejected the expansion proposal on the grounds that the smelter has been violating the terms and conditions imposed upon Vedanta in lieu of the green clearance given to it 13 years ago. In addition, the committee...
The Italian--Russian Chamber of Commerce organizes a public conference dedicated to metallurgy “METALHUB RUSSIA ITALY: INDUSTRIAL INNOVATION AND METALLURGY”, promoted by Ccir with ArtValley. The conference will be streaming live on the Youtube channel of the Italian-Russian Chamber of Commerce on 21st September 21 at 14:15 – 16:30 hrs. in connection with Moscow and other capitals. The program will be moderated by Prof. Alberto Cavicchiolo and the details of the program are as follows: 2.15 pm Introduction by Eugenio Bodini - Confindustria Brescia 2.20 pm History of a successful cooperation Speaker: Antonello Colussi - President of Danieli Russia (in video link) Alexey Sentyurin - Executive Director of Russian Steel Аssociation (in video link) Artom Asatur - Chairman of Russian Aluminium...
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices with effect from Tuesday, September 21, after several hikes since September 8. The company has cut its aluminium ingot price by INR 5,000 per tonne to INR 242,000 per tonne on September 21. On September 18, the price was at INR 247,000 per tonne after gaining INR 3,250 per tonne from the previous day. Hindalco’s aluminium wire rod price also saw a decrease of INR 5,000 per tonne from INR 258,100 per tonne on September 18 to INR 253,100 per tonne on September 21. Hindalco’s aluminium billets price came in at INR 249,100 per tonne compared to INR 254,100 per tonne on September 18. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium...
According to the International Aluminium Institute, world primary aluminium production in August 2021 amounted to 5.699 million tonnes, a decrease of 0.60 per cent from 5.733 million tonnes in July 2021. But on a year-on-year basis, the output in August stood 3.15 per cent higher than 5.525 million tonnes. During January-August, world’s total primary aluminium production came in at 45.140 million tonnes, up by 4.75 per cent from 43.092 million tonnes during the same period last year. International Aluminium Institute also showed daily average aluminium production in August 2021 stood at 183,800 tonnes, down by 0.59 per cent from 184,900 tonnes in line with the decrease in monthly output. On a yearly basis, daily production in August stood 3.14 per cent higher than 178,200 tonnes. China,...
Rio Tinto’s Tiwai Point aluminium smelter in New Zealand has appointed Chris Blenkiron, as the new chief executive officer and general manager nearly three years before the smelter is due for shut down. On 21st September 2021, the company announced that the newly appointed CEO will begin his role in early 2022. The former CEO Stew Hamilton declared his resignation in May 2021 and left the organisation in July to grab a new opportunity at electricity company Mercury. Dan van der Westhuizen, Acting Managing Director, Rio Tinto Pacific Operations said: “Chris has demonstrated a strong people-focused approach to delivering business outcomes and I believe he is the right fit to lead the excellent team at Tiwai.” Presently, Chris working as the President of the prefabricated steel shed company...
ICSOBA Board’s constant attention is to take into consideration the ICSOBA community viewpoint, hence our recent survey on intention to travel. From the undisputable survey results, we decided to shift from the planned hybrid format of the conference to a full virtual ICSOBA 2021 event. The three-day conference will take place on 22, 23 and 24 November 2021. The conference will cover bauxite, alumina, bauxite residue, carbon for aluminium electrolysis, aluminium production, and aluminium recycling in a variety of technical sessions. There are 10 high-calibre keynote speakers and over 100 technical papers were submitted. All presentations will be pre-recorded and transmitted online. We are very thankful to Aluminium of Bahrain to support the conference as the host sponsor. All participants...
Walid Al Attar, Chief Commercial Officer of Emirates Global Aluminium, has reportedly received a prestigious award titled “World’s Top Aluminium Executive 2020-21” at an annual global industry summit in Chicago. The award recognises outstanding long-term contributions to the global aluminium industry every year at the Harbor Aluminium Summit. Mr Al Attar began his career in 1984 as a trainee transport administrator in the shipping department in Dubai Aluminium. Ten years later, he joined the Company's Marketing and Sales team, playing a key role in the initial transition from selling commodity metal to traders to building direct relationships with customers making products with aluminium. In Emirates Global Aluminium, where Mr Attar joined in 2014 as the Chief Marketing Officer,...
On Monday, September 20, LME aluminium cash (bid) price decreased by US$67.5 or by 2.31 percent to close at US$2846.50 per tonne. The LME official settlement price dropped by US$68 or by 2.33 percent to settle at US$2847 per tonne. 3-month bid price and 3-month offer price closed at US$2856 per tonne and US$2857 per tonne. December 22 bid price stood at US$2695 per tonne and the offer price for the same day was recorded to be US$2700. LME aluminium opening stock for September 20 settled at 1326150 tonnes. Live warrants were recorded at 764075 and the cancelled warrant closed at 562075. LME aluminium 3-month Asian Reference Price settled at US$2833.79 per tonne as of September 20. SHFE Aluminium Price Trend Due to the Mid-Autumn Festivals, the SMM officials are closed from September 19 to...
Sohar Aluminium (SA), one of the first aluminium smelter in the Sultanate of Oman has become the “Production and Transformation Member” in ASI or the Aluminium Stewardship Initiative, further enhancing and increasing their firm commitment towards Environment, Social, and Governance (ESG). The Aluminium Stewardship Initiative (ASI) is a global non-profit standard settings and certification organisations for the Aluminium industry. With this, Sohar Aluminium joins around 190 global producers, users, downstream, upstream, stakeholders and also supporters of the aluminium value chain. The Environment, Social, and Governance (ESG) is one of the most vital and trending standards and measures of success for various profit and non-profit companies, including the government. ESG is a very common...
On Monday, September 20, En+ Group has unveiled its Pathway to Net Zero Report, providing comprehensive detail of initiatives that it is pursuing to achieve its climate goals announced in January 2021. En+ Group, the world’s biggest producer of low carbon aluminium and independent hydropower, aims at becoming net zero by 2050 and reducing greenhouse gas emissions by at least 35 per cent by 2030. The report revealed today contains plan of action to meet these sector leading targets by reducing GHG emissions across the whole value chain in line with 1.5°C pathways. The goal is to achieve zero impact on the climate from its emissions. The plan of action is meant for production facilities of both the Metals and Power segments. Lord Barker, Executive Chairman of En+ Group, said: “In January we...
