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 in China has recorded an increase of RMB70 per tonne on Thursday, September 2, following a downfall of RMB80 per tonne on the previous day. According to the Shanghai Metals Market, primary aluminium ingot price has come in at RMB21,230 per tonne, with average prices likely to range between RMB21,210-21,250 per tonne. The spot contract is expected to be traded at a premium price of RMB40-0 per tonne. In Foshan, A00 aluminium ingot price has gained RMB110 per tonne to stand at RMB21,350 per tonne, while the price in Wuxi, Hangzhou, and Shenyang has increased by RMB100 per tonne to RMB21,230 per tonne, RMB21,260 per tonne, and RMB21,225 per tonne, respectively. Primary aluminium ingot price in Gongyi, Chongqing, and Linyi has grown by RMB80 per tonne to settle at...
LME aluminium opened at US$2,710 per tonne on Wednesday morning and closed at US$2,693.50 per tonne, down by US$13 per tonne or 0.48 per cent. LME aluminium cash (bid) price and LME official settlement price plunged by US$46.50 per tonne to stand at US$2,667.50 per tonne on Wednesday, September 1, following the two consecutive days of rise to a 10-year high. 3-months bid price and 3-months offer price declined by US$31.50 per tonne to come in at US$2,664.50 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$2,620 per tonne, down by US$28 per tonne from US$2,648 per tonne on August 31. LME aluminium opening stock increased from 1334675 tonnes to 1336850 tonnes. Live Warrants stood at 862625 tonnes, while Cancelled Warrants totalled 474225 tonnes. LME aluminium 3-months...
The world aluminium sector in August 2021 demonstrated a sharp rise in demand for the metal from every corner of the earth. The month observed the surge in the price of aluminium, which escalated by over 30% from $ 2013.50 per tonne to US$ 2673.50 per tonne, while it has been recorded as a 10 year high. However, the major reason behind this is due to limited production in China, the world’s largest aluminium producer, for restricted-energy usage is reportedly rippling through the cost of end-user products. During a conversation with Dr Tapan Kumar Chand, Resident Director - Vedanta & Former Chairman cum Managing Director of National Aluminium Company (NALCO), said AlCircle on the issue of the spike in the price of aluminium: “The surge in prices of Aluminium is a part of the general surge...
On Monday, August 30, the China Nonferrous Metals Industry Association (CNIA) held a meeting attended by the country’s top aluminium smelters to discuss the continuous surge in aluminium prices, both on the Shanghai Futures Exchange and the London Metal Exchange. Reaching at a 13-year high, aluminium price on the Shanghai Future Exchange stood at RMB21,550 per tonnes on Monday, the highest since August 2008, driven by production curbs in key Chinese smelting regions due to flood and strict power consumption restrictions. On a year-to-date basis, Shanghai aluminium price is up by more than 37 per cent even after releasing some metal from state reserves, in a bid to ease cost pressure on manufacturers. On Tuesday, August 31, the LME aluminium benchmark price notched a 10-year peak at...
The largest aluminium producer in Brazil, Companhia Brasileira de Alumínio (CBA) has accomplished the acquisition of a 49% stake in a 171.6-MW wind portfolio from VTRM Energia, the collaboration formed by Votorantim Energia and Canada Pension Plan Investment Board (CPPIB). The $11.40 million deal was executed directly by CBA and indirectly via CBA's subsidiary CBA Itapissuma Ltda that produces aluminium sheets and foils. On 30 th August 2021, CBA stated: “All parties involved entered into the shareholders’ agreements for the targeted wind energy companies holding the capacity.” “CBA and CBA Itapissuma will exclusively hold 100% of the class B common shares in targets -- Ventos de Santo Anselmo Energias Renovaveis SA and Ventos de Santo Isidoro Energias Renovaveis SA -- which is equivalent...
Three-month LME aluminium rose 1.98 per cent to end at US$ 2,706.50 per tonne on Tuesday, August 31. LME aluminium cash (bid) price and LME official settlement price opened the week on Tuesday, August 31, with a surge of US$ 40.50 per tonne to US$ 2,714 per tonne. On Monday, August 30, the LME market was closed for a summer bank holiday. As of Tuesday, 3-months bid price and 3-months offer price also climbed by US$ 40.50 per tonne to come in at US$ 2,696 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2,648 per tonne, up by US$ 30.50 per tonne from US$ 2,617.50 per tonne on August 27. LME aluminium opening stock slipped from 1338125 tonnes to 1334675 tonnes. Live Warrants stood at 849900 tonnes, while Cancelled Warrants totalled 484775 tonnes. LME aluminium 3-months...
On 31 st August 2021, a group of high-level Australian delegates spearheaded by the High Commissioner of Australia to India, Barry O’Farrell visited NALCO’s corporate office in Bhubaneswar, Odisha. The Australian delegates during the visit conversed with NALCO’s CMD, Sridhar Patra and the members of the Navratna CPSE Company’s management team. The state-owned integrated aluminium company, NALCO updated the group of Australian delegates about the various business pursuits of the organisation, comprising the entire value chain of Aluminium manufacturing, get going from mining of bauxite to production of world-class aluminium end products. The business operations of Nalco was highly admired by the Australian delegation and they manifested The delegation from Australia highly appreciated the...
The sharp spike in aluminium prices to the 10-year high due to limited production in China, the world’s largest aluminium producer, for restricted energy usage is reportedly rippling through the cost of end-user products, right from Heineken cans to kitchen wrap. Until now this year, the global aluminium prices have climbed by over 30 per cent from US$ 2013.50 per tonne to US$ 2673.50 per tonne. This has been a boon for Pittsburgh-based Alcoa, the world’s eighth-largest aluminium producer, whose stock price has almost doubled during this span. But for many other companies like Reynolds Consumer Products and Heineken cans, aluminium price rally has resulted in a different story. Reynolds Consumer Products’ CFO recently told analysts that it’s facing hikes in production costs due to higher...
The LME market was closed on Monday, August 30, for a summer bank holiday and will resume trading on Tuesday, August 31. As of Friday, August 27, LME aluminium cash (bid) price and LME official settlement price surged by 38.50 per tonne or 1.46 per cent to close at US$ 2,673.50 per tonne. 3-months bid price and 3-months offer jumped US$ 41 per tonne from US$ 2,614.50 per tonne to US$ 2,655.50 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2,617.50 per tonne, up by US$ 37.50 per tonne from US$ 2,580 per tonne on August 26. LME aluminium opening stock continued to increase from 1306950 tonnes to 1338125 tonnes. Live Warrants stood at 897775 tonnes, while Cancelled Warrants totalled 440350 tonnes. LME aluminium 3-months Asian Reference Price settled at US$ 2,653.04per...
On 30 th August, the apex body representing the entire spectrum of the Indian Aluminium Industry, Aluminium Association of India (AAI) seeks intervention of the government-owned coal mining and refining corporation, CIL to normalise the uncertain situation that has emerged due to the interruption of coal supplies and rakes for captive power plants, resulting in a dearth of dry-fuel for the aluminium sector. The AAI signified in a letter to Coal India Ltd. (CIL)'s CMD: “This ‘ad-hoc decision’ without advance notice has brought the industry to a standstill with no time to devise mitigation plans to continue sustainable operations.” “This has reference to the crisis that has developed for the entire aluminium sector due to the recent ad hoc decision for stopping/drastically curtailing the...
Aluminium Bahrain B.S.C. (Alba)’s Chairman of the Board of Directors, Shaikh Daij bin Salman bin Daij Al Khalifa, inaugurated the Company’s Marine Jetty Extension in a ceremony that was held on Monday 30 August 2021, with the presence of Alba’s Chief Executive Officer, Ali Al Baqali, and other Company’s officials. The ceremony marked the successful completion of a master project that aimed to upgrade the existing Marine facility and expand its capacity to meet the Company’s increased production following the commissioning of Reduction Line 6, which boosted Alba’s overall output by more than 50%. As part of this project, the North Jetty at Alba’s Marine was extended by 24 metres to accommodate bigger ships such as 60,000 tonnes Panamax alumina vessels and be able to receive more than 3...
Sohar Aluminium Company, the first aluminium smelter in the Sultanate of Oman, has reportedly overcome all the challenges posed by the COVID-19 pandemic since early 2020 and has successfully achieved an annual primary aluminium production of 396,929 tonnes. That exceeded the smelter’s production capacity of 395,000 tonnes, primarily driven by the proactive and timely measures taken by the management of the company. So far, this year is also witnessing a similar trend in production and other overall Key Performance Indicators (KPIs). Sohar Aluminium, jointly owned by the Omani government (40%), Abu Dhabi National Energy Company (TAQA) (40%) and Rio Tinto Alcan Inc. (20%), houses 360 pots that operate at 398kA using the latest and most efficient AP39 technology provided by Rio Tinto Alcan....
Emirates Global Aluminium reported strong half-year financial performance ever. The company’s profit stood at AED 1.74 billion ($473 million in the first half of 2021. Adjusted EBITDA came in at AED 3.49 billion ($950 million), an increase of 111 per cent year-on-year. “Some 86 per cent of the company’s metal sales were value-added products compared to 75 per cent in H2 2020 and 69 per cent in H1 2020,” EGA said. Al Taweelah alumina refinery produced 1.09 million tonnes, above the nameplate capacity of the plant which was commissioned in 2019. Guinea Alumina Corporation exported 5.85 million tonnes of bauxite ore as ramp-up continued, up from 5.47 million tonnes in H2 2020. Abdulnasser Bin Kalban, Chief Executive Officer of EGA, said: “Global demand for aluminium, the metal that makes...
Three-month LME aluminium opened at US$ 2,622 per tonne last Friday morning, with the lowest and highest prices at US$ 2,618.50 per tonne and US$ 2,697 per tonne before closing up US$ 8 per tonne or 1.3 per cent. LME aluminium cash (bid) price and LME official settlement price surged by 38.50 per tonne or 1.46 per cent to close at US$ 2,673.50 per tonne on Friday, August 27. 3-months bid price and 3-months offer jumped US$ 41 per tonne from US$ 2,614.50 per tonne to US$ 2,655.50 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2,617.50 per tonne, up by US$ 37.50 per tonne from US$ 2,580 per tonne on August 26. LME aluminium opening stock continued to increase from 1306950 tonnes to 1338125 tonnes. Live Warrants stood at 897775 tonnes, while Cancelled Warrants totalled...
Hindalco Industries Limited continued to increase aluminium ingot and aluminium products prices with effect from Saturday, August 28. Hindalco raised its aluminium ingot price by INR 2,000 per tonne from INR 227,750 per tonne on August 25 to INR 229,750 per tonne on August 28. Hindalco’s aluminium wire rod price also saw an increase of INR 2,000 per tonne to reach 240,850 per tonne as of August 28. On the previous day, the price stood at INR 238,850 per tonne by gaining INR 2,750 per tonne or 1.16 per cent. Since Saturday, August 28, Hindalco is selling its aluminium billets at INR 236,850 per tonne compared to INR 234,850 per tonne on August 25. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which...
The leading aluminium smelter that is known for its technological strength and innovative policies, Aluminium Bahrain B.S.C. (Alba), was recognised amongst the winners of the 2021 Brandon Hall Group Excellence in Learning Awards. Alba’s ‘Al Jisr’ Programme – the first initiative of its kind to boost Bahranisation and build the supervisory skills of high-potential national employees - was announced as a bronze medal winner in Best Unique or Innovative Learning and Development Programme category. However, Alba was the only Company from Bahrain to be featured amongst the winners of this year's awards. Ali Al Baqali, CEO of Alba, while commenting on this occasion said: “Being the only recipient from Bahrain for this award speaks volumes about going above and beyond in developing Alba’s...
The Indian industrial sector consists of two private primary aluminium producers and the third aluminium metal producer is a state-owned company. Now, all the three aluminium companies have delivered a remarkable performance in the Q1 of 2021-22. Furthermore, the trio not only earned record EBITDA, but their production reflected surplus in the quarter on Y-o-Y, which diminished the cost of production, predominantly by reducing energy consumption. The aluminium industry is a highly energy-intensive industry, as thermal power and crude derivatives account for between 45% -50% of the cost of production of aluminium in India, accompanied by smelter feedstock alumina at 31%. However, the aluminium smelters in Europe and Canada are using hydropower, while the ones in West Asia operates on...
This week brought us a plethora of news from the global primary aluminium industry right from world primary aluminium production to Emirates Global Aluminium’s target of floating an IPO in 2022. According to a report on Monday based on the International Aluminium Institute’s data, world primary aluminium production in July 2021 amounted to 5.747 million tonnes, an increase of 3.4 per cent from 5.558 million tonnes a month ago. On a year-on-year calculation, world primary aluminium production in July was up by 5.20 per cent from 5.463 million tonnes. Total production from January to July came in at 39.284 million tonnes, 4.62 per cent more than 37.548 million tonnes during the same period last year. To know more:...
