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 rose 0.02 per cent to end at US$2,768 per tonne on last night, with open interest decreasing 49 lots to 651,000 lots. LME aluminium cash (bid) price and LME official settlement price dropped by US$5 per tonne on Tuesday, September 7, to come in at US$2,740 per tonne and US$2,740.50 per tonne, respectively. But 3-months bid price grew by US$3 per tonne to stand at US$2,759 per tonne, while 3-months offer price edged US$2 per tonne higher to peg at US$2,760 per tonne. Dec 22 bid price stood at US$2,688 per tonne and Dec 22 offer price hovered around US$2,693 per tonne. LME aluminium opening stock plunged from 1341000 tonnes to 1333625 tonnes. Live Warrants amounted to 866375 tonnes, while Cancelled Warrants totalled 467250 tonnes. LME aluminium 3-months Asian...
The International Aluminium Institute (IAI) has revealed new data on the aluminium industry’s achievements in diminishing energy efficiency in the industry’s constant sustainability mission. The data release accords with a series of announcements in the lead up to COP26 in Glasgow. The aluminium industry’s energy usage accounts for over two-thirds of global greenhouse gas emissions. The results from the 2020 Global Energy Survey conducted by the IAI deliver evidence of an industry customising pathways to manage the problem. The annual survey, which had a 90% response rate across the global industry, demonstrates the use of sustainable production processes and competently managed to reduce its impact on the environment. Linlin Wu, IAI’s Manager – Statistical Analysis said: “Our industry...
The year 2021 is not over yet, and we are already thrilled to announce the “ AlCircle Expo 2022 ”. If not your support and inspiration, then what it is that motivates us to bring new editions and offerings – be it Industry Report, e-Magazine, or Expo. Like the previous years, the expo in 2022 is going to be virtually scheduled on February 15 & 16. But what going to be new is – More Technology, Bigger Platform, and Wider Scope of Expanding Business! The AlCircle Expo 2022 has already started preparing to bring in the aluminium industry leaders and partners from the entire value chain under one roof, driven by advanced technology to enable them to build a stronger network. Besides video calls, exchange of digital business cards, brochures, product demos etc., you are assured to encounter...
A week after reducing the aluminium ingot price by INR 2,000 per tonne, National Aluminium Company Limited (NALCO) has sharply increased the price of its ingot with effect from Tuesday, September 7. Seeing a rise of INR 6,400 per tonne or 2.80 per cent on September 7, NALCO’s aluminium ingot price is hovering around INR 231,150-234,650 per tonne in comparison with INR 224,750-228,250 per tonne on September 1. NALCO’s aluminium wire rod price has also been increased by INR 6,400 per tonne from INR 227,250-231,600 per tonne to INR 233,650-238,000 per tonne. The company’s aluminium billets price is currently standing at INR 234,600- 237,250 per tonne, 2.80 per cent more than INR 228,200-230,850 per tonne last week. NALCO, like any other Indian aluminium producer, links its aluminium ingot...
On 6th September 2021, the Govt. of India stated that state-owned Navratna CPSE Company Nalco has been performing a vital role in empowering micro and small enterprises by providing a modern and innovative platform NAMASYA, an application (App) developed exclusively for the convenience of the PSU's MSE vendors. NALCO Micro and Small enterprise communication application NAMASYA provides a platform to feature the efforts of National Aluminium Company Ltd towards the development of the MSEs. <iframe width="500" height="380" src="https://www.youtube.com/embed/l6NT-yE4Xlo" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> The Mines Ministry said: “The bilingual app enables MSEs...
Three-month LME aluminium opened at US$2,737 per tonne on Monday morning and ranged between US$2,734-2,782 per tonne before closing at US$2,767.50 per tonne, an increase of US$34.50 per tonne or 1.26 per cent. Trading volume was 14,892 lots, and open interest increased by 5,202 lots to 651,000 lots. LME aluminium benchmark price saw another jump of nearly US$50 per tonne or 1.8 per cent on Monday, September 6, driven by political unrest in Guinea that fuelled concerns over raw material supply required for aluminium smelting. LME aluminium cash (bid) price came in at US$2,745 per tonne, while LME official settlement price stood at US$2,745.50 per tonne, the highest since May 2011. 3-months bid price and 3-months offer price rose by over US$52 per tonne to peg at US$2,756 per tonne and...
Hindalco Industries Limited increased its aluminium ingot and aluminium products prices with effect from September 3, the next day after it reduced the prices by INR 4,000 per tonne. The company’s aluminium ingot price came in at INR 227,750 per tonne, up by INR 2,000 per tonne or 0.90 per cent from INR 225,750 per tonne. Hindalco started selling its aluminium wire rod at INR 238,850 per tonne with effect from September 3, also an increase of INR 2,000 per tonne from INR 236,850 per tonne on September 2. Aluminium billets price stood at INR 234,850 per tonne since the latest hike, compared to INR 232,850 per tonne. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which after September...
Three-month LME aluminium opened at US$2,695 per tonne last Friday morning and ranged between US$2,678-2,733.50 per tonne before closing at US$2,733 per tonne, an increase of US$31.50 per tonne or 1.17 per cent. Trading volume was 14,757 lots, and open interest decreased by 11,112 lots to 646,000 lots. LME aluminium cash (bid) price and LME official settlement price rose slightly by US$1.50 per tonne on Friday, September 3, to stand at US$2,696 per tonne, following a rise of US$27 per tonne on the previous day. 3-months bid price and 3-months offer price dropped by US$2 per tonne to come in at US$2,703.50 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$2,647.50 per tonne, down by US$14 per tonne from US$2,661.50 per tonne on September 2. LME aluminium opening stock...
LME aluminium cash (bid) price and LME official settlement price reached a 10-year high this week at US$2,714 per tonne as of Tuesday, August 31. Due to a summer bank holiday, the LME market was closed on Monday and started the week on Tuesday. Next day, on September 1, both LME aluminium cash (bid) price and LME official settlement price decreased by US$46.50 per tonne to stand at US$2,667.50 per tonne. On Thursday, September 2, LME prices gained US$27 per tonne to come in at US$2,694.50 per tonne. LME aluminium cash (bid) price and LME official settlement price closed the week on Friday, September 3, a slightly higher by US$1.50 per tonne to US$2,696 per tonne. 3-months bid price and 3-months offer price climbed US$ 40.50 per tonne on Tuesday, August 31, to come in at US$ 2,696 per...
The week remained heavily prosperous for the primary segment of the global aluminium industry. The global rise of the aluminium price has climbed to a 10 year’s high, due to the limited production in China. The Indian primary aluminium producers have delivered a notable performance in the Q1 of 2021-22 and furthermore, all three of the industries are going for the expansion process. In the Gulf region, EGA reported strong half-year financial performance ever and the company’s profit stood at AED 1.74 billion ($473 million) in the first half of 2021. Hindalco Industries Limited has decreased its aluminium ingot and aluminium products prices with effect from Thursday, September 2, after increasing them for three consecutive times from August 24-28. From today, Hindalco is selling its...
According to a recent report, Aluminium Stewardship Initiative (ASI) has successfully certified Alcoa’s Aluminerie de Bécancour (ABI) and Aluminerie de Deschambault smelters in Quebec, Canada, against the Performance Standard Certification for responsible production, sourcing and stewardship of aluminium. The two smelting facilities have a combined annual production capacity of more than 670,000 tonnes of aluminium ingots, billets and slabs. The ASI Performance Standard defines environmental, social and governance principles and criteria, with the aim to address sustainability issues in the aluminium value chain. It sets out 59 criteria under the three sustainability pillars of Governance, Environment and Social, which address key issues such as biodiversity, Indigenous Peoples rights,...
LME aluminium benchmark price closed 1 per cent higher on Thursday, September 2. LME aluminium cash (bid) price and LME official settlement price increased by US$27 per tonne to stand at US$2,694.50 per tonne on Thursday, September 2, following a decline of US$46.50 per tonne on the previous day. 3-months bid price and 3-months offer price surged by US$41 per tonne to come in at US$2,705.50 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$2,661.50 per tonne, up by US$41.50 per tonne from US$2,620 per tonne on September 1. LME aluminium opening stock slipped from 1336850 tonnes to 1335300 tonnes. Live Warrants stood at 862600 tonnes, while Cancelled Warrants totalled 472700 tonnes. LME aluminium 3-months Asian Reference Price settled at US$2,728.42 per tonne as of...
The Emirati state-owned holding company, Mubadala Investment that can be characterized as a sovereign wealth fund is expected to select three top US banks as lead underwriters for a prospective IPO of Emirates Global Aluminium (EGA), as reported by the industry professionals. Mubadala Investment, the sovereign wealth fund, an organization that is strongly connected to Mohamed bin Zayed, the Crown Prince of Abu Dhabi is composing to bring on board Citigroup Inc., Goldman Sachs Group Inc. and JPMorgan Chase & Co. to arrange the planned IPO, as per our information collected from the experts. They further stated the share sale could value Middle East’s largest aluminium producer, EGA at more than $15 billion. Emirates NBD Bank PJSC and First Abu Dhabi Bank PJSC are also anticipated to get...
National Aluminium Company Limited (NALCO) has decreased its aluminium ingot and aluminium products prices with effect from Wednesday, September 1. After rebounding by INR 8,000 per tonne on August 25, NALCO’s aluminium ingot price has reduced by INR 2,000 per tonne or 0.88 per cent from INR 226,750-230,250 per tonne on August 25 to INR 224,750-228,250 per tonne on September 1. NALCO’s aluminium wire rod price has come in at INR 227,250-231,600 per tonne, declining by INR 2,000 per tonne from INR 229,250-233,600 per tonne in the previous week. The company’s aluminium billets price has also seen a cut of INR 2,000 per tonne to stand at INR 228,200-230,850 per tonne with effect from September 1. NALCO, like any other Indian aluminium producer, links its aluminium ingot and aluminium product...
According to the Shanghai Metals Market, social inventories of primary aluminium across eight major Chinese consumption areas have fallen this week by 5,000 tonnes after recording hikes for the past three consecutive weeks. SMM data shows the inventories have come in at 749,000 tonnes as of September 2, compared to 753,000 tonnes last week. The chart below indicates the current status of primary aluminium inventories across China in more detail: Wuxi, Gongyi, and Shanghai have contributed most of the decline as inventories there have decreased by 10,000 tonnes, 6,000 tonnes, and 2,000 tonnes, respectively. Therefore, the inventory in Wuxi has come in at 235,000 tonnes, Gongyi 63,000 tonnes, and Shanghai 71,000 tonnes. Meanwhile, inventory in Nanhai has grown due to poor demand by 11,000...
Hindalco Industries Limited has decreased its aluminium ingot and aluminium products prices with effect from Thursday, September 2, after increasing them for three consecutive times from August 24-28. From today, Hindalco is selling its aluminium ingot at INR 225,750 per tonne, down by INR 4,000 per tonne from INR 229,750 per tonne on August 28. Hindalco’s aluminium wire rod price has come in at INR 236,850 per tonne with effect from September 2, a decrease of INR 4,000 per tonne as well from INR 240,850 per tonne. The company’s aluminium billets price has also seen a cut of INR 4,000 per tonne from INR 236,850 per tonne on August 28 to INR 232,850 per tonne on September 2. <iframe width="500" height="380" src="https://www.youtube.com/embed/Cn4YIgmVRc0" title="YouTube video player"...
Vedanta Limited, the mining and metal giant has released the sixth edition of its ‘Tax Transparency Report’ for fiscal 2020-2021. The company is also well recognised as India's biggest producer of aluminium and one of the largest power generators in India. The report highlights the commodity conglomerate’s focus on transparency, greater accountability towards stakeholders, compliance and details of economic contribution to the society by way of taxes paid. Vedanta’s contribution to the exchequer during FY 2020-21 was INR 34,562 crore which accounts for 40% of the consolidated turnover. However, amid the challenges caused by the Covid-19 pandemic during the fiscal, Vedanta’s tax contribution in FY21 was nearly INR 550cr higher than the existing financial year. The tax contribution of...
A joint research study by two European climate think tanks clearly stated that the European Union’s proposal of the world’s first carbon tax is likely to strike Russia hefty while China to remain fairly unscratched. In July, the EU proposed a Carbon Border Adjustment Mechanism (CBAM), or we can commonly say CO2 tariff, on highly emitting products from 2026, pushing some businesses importing into the EU, will be forced to pay carbon costs at the border on carbon-intensive products such as aluminium and steel. However, according to the European Commission proposals, the CBAM will be introduced in 2023 in advance before becoming fully functional in 2026. The sectors which will be incorporated in the CBAM imply only around 3.2% of the total imports incoming to the EU per year, whereas, their...
