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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Three-month LME aluminium opened at US$2,890 per tonne on Thursday morning and ranged between 2,850-2,910 per tonne before closing at US$2,890.5 per tonne, an increase of US$0.5 per tonne or 0.02 percent. Trading volume was 16,000 lots, and open interest decreased by 3,968 lots to 646,000 lots. On Friday September 17, LME aluminium cash (bid) price increased by US$45.5 or by 1.58 percent to settle at US$2,914 per tonne. The LME official settlement price also inched up by US$46 or by 1.60 percent to come in at US$2,915 per tonne. 3-month bid price and 3 month offer price stood at US$2,926.50 per tonne and US$2,927 per tonne. December 22 bid price stood at US$2,758 per tonne and the offer price for the same day settled at US$2,763. LME aluminium opening stock for September 17 stood at...
According to the latest data shown by the General Administration of Customs on Saturday, September 18, China imported 247,547 tonnes of unwrought aluminium and aluminium products, which also included primary metal. That was 20.7 per cent lower than 312,086 tonnes in July and down 42.4 per cent from a year ago. Arrivals of unwrought aluminium and aluminium products to China in August 2021 hit the lowest since May. In August 2020, imports hit the second-highest on price arbitrage made it cheaper for domestic buyers to source overseas metal. In the remaining of this year, demand of imported aluminium in China is hovering at a high level due to distressed domestic aluminium supply caused by production curbs on smelters and restrictions on electricity usage in several regions. On the other...
The most notable event we witnessed this week in the global primary aluminium sector was the LME aluminium price leap to a 13-year high at US$3,000 per tonne, fuelled by raw materials supply disruptions in Guinea coupled with production restrictions in China. But both the LME aluminium cash (bid) price and LME official settlement price dropped the same day to close at US$2,949 per tonne and US$2,950 per tonne, however, up by 1.8 per cent from the previous day. The prices ended the week at US$2,914 per tonne and USS$2,915 per tonne, respectively. To know more: https://www.alcircle.com/news/lme-aluminium-price-ends-this-week-lower-at-2915-t-after-touching-3000-t-shfe-price-closes-at-3516-t-70398 A00 aluminium ingot price in China started the week on September 13 at a peak of RMB 23,420 per...
On Monday, September 13, the LME aluminium benchmark price touched the milestone of US$3,000 per tonne, the highest since 2008, fuelled by raw materials supply disruptions in Guinea coupled with production restrictions in China. But both the LME aluminium cash (bid) price and LME official settlement price dropped the same day to close at US$2,949 per tonne and US$2,950 per tonne, however, up 1.8 per cent from the previous day. On Tuesday, September 14, LME aluminium cash (bid) price and LME official settlement price decreased by nearly 3.5 percent to come in at US$2,846.50 per tonne and US$2,847 per tonne. The prices increased on Wednesday September, 15, to US$2,867 per tonne and US$2,868 per tonne, respectively, which further inched up on Thursday to stand at US$2,868.50 per tonne and...
Australia’s largest aluminium smelter Tomago Aluminium was due for a stable and trustworthy infrastructure with high visibility into IT performance to support their 24*7 availability for their systems. The aluminium company is independently managed, while it is a joint venture owned by Rio Tinto Alcan 51.55%, Gove Aluminium Finance Ltd 36.05% (owned 70% by CSR Limited and 30% by AMP Limited) Hydro Aluminium 12.40%. Tomago Aluminium with upgraded control and awareness has made its development more effective, consolidated server footprints, enhanced system and data security by migrating its Systems Applications and Products in Data Processing (SAP) HANA environment to Red Hat Enterprise Linux SAP Solutions with IBM hardware. To achieve their goal, they counted on Red Hat Partners Advent One...
National Aluminium Company Limited (NALCO) has decreased its aluminium ingot and aluminium products prices as the LME aluminium benchmark price signs off from the 13-year high. With effect from Friday, September 17, NALCO’s aluminium ingot price has come in at INR 242,850-246,350 per tonne, down by INR 3,000 per tonne or 1.2 per cent from INR 245,850-249,350 per tonne on September 11. NALCO’s aluminium wire rod price has also seen a cut of INR 3,000 per tonne on September 17 from INR 248,350-252,700 per tonne to INR 245,350- 249,700 per tonne. The company’s aluminium billets price is standing at INR 246,300-248,950 per tonne, compared to INR 249,300-251,950 per tonne on September 11. <iframe width="500" height="390" src="https://www.youtube.com/embed/ERMX4kCuYVY" title="YouTube video...
The Shanghai Metals Market (SMM) survey revealed that in 2021, Guizhou Provincial Energy issued a notice on the orderly power utilisation plan in Guizhou Province. The main motive behind the plan was to respond to the power supply issue in the local regions and also to ensure a safe and stable operation of the Guizhou power grid. The implementation comes with three parts: prevention and pre-control, graded early warning, and graded response. The plan includes 4 alumina plants in Guizhou Province (installed annual production capacity of 4.4 million per tonnes, excluding Guizhou Qizheng) and also 5 aluminium plants (installed compliance annual production capacity of 1.34 million per tonne and the current functioning annual production capacity of 1.3 million per tonne). The news about the...
Yunnan Aluminium Co., Ltd. has reduced its 2021 production target by more than 500,000 tonnes or almost 18 per cent after the local government enforced production curb for the rest of the year. The news came after the company, which uses Yunnan’s hydropower sources for the energy-intensive smelting process, said in a filing on Thursday, September 16, that its primary aluminium output was expected to fall to 2.36 million tonnes this year. It is down slightly from 2.41 million tonnes in 2020 but way below the initial target of the year 2.87 million tonnes announced in March. Aluminium smelters using hydropower in Yunnan province have been asked to keep their average monthly output in September-December at August levels or lower. Following the same policy, other Chinese regions have also...
Three-month LME aluminium opened at $2,890 per tonne on Thursday morning and ranged between 2,850-2,910 per tonne before closing at $2,890.5 per tonne, an increase of $0.5 per tonne or 0.02%. Trading volume was 16,000 lots, and open interest decreased by 3,968 lots to 646,000 lots. On Thursday September 16, LME aluminium cash (bid) price inched up by US$1.5 or by 0.05 percent to come in at US$2,868.50 per tonne. The LME official settlement price also increased slightly by US$1 or by 0.03 percent to come in at US$2869 per tonne. 3-month bid price and 3 month offer price stood at US$2,892.50 per tonne and US$2,893 per tonne. December 22 bid price closed at US$2,752 per tonne and the offer price for the same day was recorded at US$2,757. LME aluminium opening stock for September 16 settled...
After month-long negotiations, a Japanese buyer has reportedly nodded to pay a premium of $220 per tonne for aluminium shipments for the December quarter of 2021, an increase of 19 per cent from the current quarter in tandem with the higher overseas premium, said two sources directly involved in the pricing talks. For July-September shipments, Japanese aluminium buyers are paying $185. The increase in premium for the next quarter marks the fifth consecutive quarterly rise and the highest since the April-June quarter in 2015. But it is lower than the initial offers of $230-$250 made by overseas producers. Japan is Asia’s biggest aluminium importer. So, the premiums it agrees to pay for aluminium shipments in each quarter over the London Metal Exchange cash price set the benchmark for the...
The social inventories of primary aluminium in China have built up by 15,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants, to stand at 766,000 tonnes as of September 16, found the Shanghai Metals Market. On the last Thursday, September 9, the inventories grew by only 2,000 tonnes to come in at 751,000 tonnes. This week, the rise in inventories has been primarily contributed by Wuxi, Nanhai, and Gongyi. The chart below indicates the current status of primary aluminium inventories across China in more detail: In Wuxi, primary aluminium inventories have increased by 7,000 tonnes on the week to come in at 237,000 tonnes, while inventories in Nanhai and Gongyi have grown by 6,000 tonnes to peg at 226,000 tonnes and 66,000 tonnes, respectively. Meanwhile, on...
Hindalco Industries Limited has slightly increased its aluminium ingot and aluminium products prices with effect from Thursday, September 16, the next day after it sharply reduced its aluminium prices by INR 8,250 per tonne. As of September 16, Hindalco’s aluminium ingot price is standing at INR 243,750 per tonnes, up by INR 1,750 per tonne or 0.72 per cent from INR 242,000 per tonne on September 15. With the latest rise, Hindalco’s aluminium wire rod price has come in at INR 254,850 per tonne, also up by INR 1,750 per tonne from INR 253,100 per tonne. The company’s aluminium billets price has grown to INR 250,850 per tonne from INR 249,100 per tonne on September 15. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium...
Three-month LME aluminium opened at $2,831.5 per tonne on Wednesday morning and ranged between 2,829-2,924 per tonne before closing at $2,890 per tonne, an increase of $59 per tonne or 2.08 percent. Trading volume was 19,000 lots, and open interest decreased by 5,968 lots to 650,000 lots. On Wednesday September 15, LME aluminium cash (bid) price increased by US$20.5 or by 0.72 percent to come in at US$2,867 per tonne. The LME official settlement price also increased by US$21 or by 0.73 percent to come at US$2,868 per tonne. 3-month bid price and 3-month offer price settled at US$2,887.50 per tonne and US$2,888 per tonne. December 22 bid price stood at US$2758 per tonne, while the offer price for the same day settled at US$2,763. LME aluminium opening stock for September 15 stood at...
India’s largest producer of aluminium and VAP, Vedanta has rolled out a safety mobile application called ‘V-Safe’ at its largest aluminium smelter in Jharsuguda, Odisha, to reinforce its safety culture. V-Safe is the newest digital mediation in a long line of technology-led addition that Vedanta Aluminium has deployed to fortify enhanced safety awareness and performance with the active participation of the workforce. Vedanta’s V–Safe mobile application is available for use by both organisation’s employees and business partners and it dispenses a resilient monitoring system along with graphical analytics to track safety performance across various functions. During the launch of the V–Safe App along with Rahul Sharma, Dy. CEO – Aluminium Business, Deepak Prasad, Dy. CEO – Vedanta Aluminium...
The National Bureau of Statistics showed on Wednesday, September 14, that China’s aluminium output in August fell for the fourth straight month, attributing to tight restrictions on metal production and power usage. As per the data, the world’s top aluminium producer churned out 3.16 million tonnes of primary aluminium in August, down 3.2 per cent from 3.263 million tonnes in July but up 0.4 per cent year-on-year. Many regions in China suffering from power shortages or under pressure to reduce carbon emissions ordered smelters to cut back production. A prefecture in the western Xinjiang region, a 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 August-December. That brought total cuts in...
Michael Ansah, CEO of Ghana Integrated Aluminium Development Corporation (GIADEC), has announced the implementation of four new Integrated Aluminium Industry (IAI) projects to develop the industrial transformation agenda of the country. The news came after Ansah noted at the launch of GIADEC’s IAI projects on Tuesday, September 14, that “GIADEC launched a 3-Round investor engagement process from March 2019, to select strategic partners. The competitive and transparent process, which was advertised broadly, was rigorous and thorough. It attracted interest from 39 companies from Ghana and across the world. We held Investor Engagement Meetings in Accra, and conducted Round 1 (capacity), Round 2, Round 3.” He added, “The process has culminated in the selection of strategic investors, and we...
Three-month LME aluminium opened at $2,892 per tonne on Tuesday morning, with the highest and lowest prices at $2,910 per tonne and $2,824 per tonne, and lost 1.97 percent to settle at $2,831 per tonne. Open interest increased 850 lots to 656,000 lots. On Tuesday, September 14, LME aluminium cash (bid) price and LME official settlement price decreased by nearly 3.5 percent to come in at US$2,846.50 per tonne and US$2,847 per tonne, respectively. 3-month bid price and 3-month offer price stood at US$2,857 per tonne and US$2,858 per tonne. December 22 bid price settled at US$2,725 per tonne, while the offer price for the same day at US$2,730 per tonne. LME aluminium opening stock for September 14 stood further lower at 1303500 tonnes. Live warrants amounted to 825200, while cancelled...
Yunnan located in Southwest China has reportedly asked the local smelters to reduce the production of aluminium by 30 percent for the rest of the year to help them in meeting their goals of reducing greenhouse emissions and energy use. Because of the abundant hydropower facility, Yunnan has turned out to be one of the most preferred locations for aluminium smelting projects and also other nonferrous metal refineries. In 2020, around 2.6 million tonnes of aluminium was added in Yunnan, making it up by 72 percent since the last year. Around 1.4 million tonnes of aluminium capacity was planned to put into operation this year. By assigning to Yunnan and using their hydropower, the aluminium projects have become greener and the province is shifting from being the green power supplier to...
