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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According to a recent report, five Chinese aluminium smelters will require to reduce production starting from this month as a prefecture in Xinjiang region has imposed output limits to stamp out illegal production, which sent Shanghai aluminium prices to a 13-year high. Reuters calculations have found that monthly limits across five smelters will reduce 10 per cent of the total production in the first seven months of the year. Xinjiang is a major smelting hub in China that accounts for one-fifth of the supply to the world’s biggest producer and consumer of aluminium. According to a Reuters report, prefecture in Changji, Xinjiang, has directed the smelter East Hope to keep monthly production at 54,000 tonnes starting from August and yearly output at 800,000 tonnes (max.). Compared to the...
LME aluminium opened at US$2,620 per tonne on Thursday morning, with the lowest and highest prices at US$2,593.5 per tonne and US$2,639 per tonne. The contract settled at US$2,620 per tonne. As of Thursday, August 26, LME aluminium cash (bid) price stands at US$ 2635 per tonne, LME official settlement price stands at US$ 2635 per tonne; 3-months bid price stands at US$ 2614.50 per tonne, 3-months offer price is US$ 2614.50 per tonne; Dec 22 bid price stands at US$ 2580 per tonne, and Dec 22 offer price stands at US$ 2580 per tonne. The LME aluminium opening stock stood at 1306950 tonnes. Live Warrants totalled 865150 tonnes and Cancelled Warrants were 441800 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2601.37 per tonne. SHFE Aluminium Price Trend Benchmark...
The leader in global aluminium production, as well as one of the largest companies in the UAE, Emirates Global Aluminium (EGA) is considering a prospective IPO in 2022, as reported by industry sources, which could be one of the substantial share sales in the United Arab Emirates lately. Equally owned by Mubadala Investment Company of Abu Dhabi and Investment Corporation of Dubai, EGA is reviewing proposals from banks that pitched for advisory roles, the sources said. However, EGA is yet to comment on this matter. The sources further stated that the aluminium company is considering offering between 10% and 20% of its shares to investors, while initial estimates from banks value the company from $16 billion to $19 billion. One of the sources mentioned, EGA anticipates banks to grasp a fresh...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased by 12,000 tonnes this week to come in at 753,000 tonnes as of Thursday, 26 August 2021. The chart below shows the status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Gongyi contributed the largest share due to higher arrivals of cargoes. The inventories stood at 69,000 tonnes on Thursday, 26 August 2021, up by 24,000 tonnes from 45,000 tonnes on 19 August. The aluminium stocks in Shanghai, Hangzhou, Tianjin, Chongqing and Linyi remained unchanged at 73,000 tonnes, 83,000 tonnes, 65,000 tonnes, 4,000 tonnes and 13,000 tonnes. Inventories of primary aluminium in Nanhai increased by 1,000...
Mecfor, the Saguenay-based North American leader in specialized mobile equipment for the aluminium and rail industries, and Saint-Bruno-based Advanced Dynamics, a premier manufacturer of heavy-duty material handling equipment for the primary and secondary aluminium industries and the pulp and paper industry, announced today that they have fully merged their operations. The newly formed company will be known as EPIQ Machinery. Mecfor and Advanced Dynamics, two companies with shared values and complementary expertise have merged to seize a unique opportunity to make EPIQ Machinery a North American leader in mobile and heavy equipment for the aluminium, pulp and paper, and rail equipment industries. EPIQ Machinery now has the critical mass needed to accelerate international growth by...
Emirates Global Aluminium (EGA) has reportedly aimed at increasing the proportion of women in supervisory positions at the company in the UAE to 25 per cent by 2025. At present, the company has 18 per cent of women in supervisory positions, working at all levels in operations and corporate functions. EGA’s chief executive officer, Abdulnasser bin Kalban, said: "Improving diversity enhances business performance. Although we have made considerable progress at EGA, we recognise that we need to do more. We want the best people to join EGA irrespective of their gender, and to progress based on their ability and commitment to succeed.” He added, “We recognise that setting a target is just the beginning. To achieve it, we will develop further our inclusive leadership and culture, and focus on...
Three-month LME aluminium rose 0.61 per cent to end at US$ 2,620 per tonne on Wednesday, August 25. LME aluminium cash (bid) price and LME official settlement price dipped slightly by US$ 1 per tonne to come in at US$ 2,647.50 per tonne on Wednesday, August 25. But 3-months bid price and 3-months offer price grew US$ 3 per tonne from US$ 2,627 per tonne to US$ 2,630 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2,597.50 per tonne, up by US$ 10 per tonne from US$ 2,587.50 per tonne on August 24. LME aluminium opening stock decreased from 1295125 tonnes to 1292500 tonnes. Live Warrants stood at 847175 tonnes, while Cancelled Warrants totalled 445325 tonnes. LME aluminium 3-months Asian Reference Price settled at US$ 2,619.79 per tonne as of August 25. SHFE Aluminium...
National Aluminium Company Limited’s aluminium ingot price and aluminium products prices rebounded on Wednesday, August 25, following a sharp decline in the previous week. The company has reported that it is now selling its aluminium ingot at INR 226,750-230,250 per tonne, up by INR 8,000 per tonne from INR 218,750- 222,250 per tonne on August 20. NALCO’s aluminium wire rod price has also been raised by INR 8,000 per tonne from INR 221,250- 225,600 per tonne on August 20 to INR 229,250-233,600 per tonne on August 25. The latest hike has brought the company’s aluminium billets price to INR 230,200-232,850 per tonne, also an increase of INR 8,000 per tonne from INR 222,200- 224,850 per tonne. NALCO, like any other Indian aluminium producer, links its aluminium ingot and aluminium product...
The world-class aluminium producer, Press Metal Aluminium Holdings Bhd of Malaysia could take the advantage of the rising LME aluminium spot prices in 4Q, provided that its Samalaju Phase 3 facility is anticipated to be just weeks away from being fully operational. RHB Research pointed: “Samalaju Phase 3 could have been held back for one to two months from Press Metal's initial July target but sees little downside surprises moving forward.” "This will allow 4Q21 to more freely capture the upside in LME aluminium spot prices Vs a hedged sales proportion at 2021F’s $ 2,050/tonne price.” "This is in addition to the widening spread Vs alumina spot prices – Phase 1 of PMAH’s 25%-owned Bintan alumina refinery should come on stream around the same time.” "Hence, amid its slew of successive...
There has been a constant strive to evaluate the future of the global aluminium industry since the time the COVID-19 pandemic set in and affecting the industrial manufacturing businesses. The Indian aluminium sector could neither escape its prey, having the consumption declined by 15 per cent during the financial year 2021. Unprecedented lockdowns, manpower shortages, and supply chain disruptions due to the pandemic have resulted in severe challenges across all the verticals of the aluminium value chain. In this scenario, AlCircle is determined to delve into the current market trend to be able to envisage the future in their latest report on “ Outlook for the Indian Aluminium Industry - In-depth industry analysis & forecast to 2026-27” . The report shows the aluminium usage is estimated...
Vedanta has hiked its aluminium products price by INR 2,750 per tonne. With effect from Wednesday, 25 August 2021, the prices of some aluminium ingots stand at INR 228,250-241,250 per tonne, up by more than 1% from INR 225,500-238,500- per tonne on August 24. The billets price stands at INR 236,250 per tonne on 25 August 2021, indicating a growth of INR 2,750 per tonne or 1.18% from INR 233,500 per tonne on August 24. <iframe width="500" height="360" src="https://www.youtube.com/embed/0YrNiLaoJyo" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal...
Three-month LME aluminium opened at US$2,592 per tonne on Tuesday morning. The price closed US$10 per tonne or 0.39% higher at US$2,604 per tonne. As of Tuesday, August 24, LME aluminium cash (bid) price stands at US$ 2648.50 per tonne, LME official settlement price stands at US$ 2648.50 per tonne; 3-months bid price stands at US$ 2627 per tonne, 3-months offer price is US$ 2627 per tonne; Dec 22 bid price stands at US$ 2587.50 per tonne, and Dec 22 offer price stands at US$ 2587.50 per tonne. The LME aluminium opening stock stood at 1295125 tonnes. Live Warrants totalled 844475 tonnes and Cancelled Warrants were 450650 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2605.11 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to stand...
According to the International Aluminium Institute (IAI), primary aluminium production in Africa grew 5,000 tonnes or 3.85 per cent month-on-month to come in at 135,000 tonnes in July 2021. A month ago, in June, primary aluminium output in Africa was 130,000 tonnes, down by 6,000 tonnes or 4.41 per cent from 136,000 tonnes in May. On a year-on-year calculation, Africa’s primary aluminium production in July stood flat, found IAI. In the first seven months of the year, primary aluminium production in Africa totalled 916,000 tonnes, down by 2.45 per cent or 23,000 tonnes from 939,000 tonnes during the same period last year. The world primary aluminium production in July stood at 5.747 million tonnes, which reflected an increase of 3.4 per cent from 5.558 million tonnes in June. On a...
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices by INR 1,500 per tonne with effect from Tuesday, August 24. The company’s aluminium ingot price has come in at INR 225,000 per tonne compared to INR 223,500 per tonne on August 19. Hindalco is selling its aluminium wire rod at INR 236,100 per tonne in comparison with the last selling price of INR 234,600 per tonne. Aluminium billets price is standing at INR 232,100 per tonne, also up by INR 1,500 per tonne or 0.65 per cent from INR 230,600 per tonne. <iframe width="500" height="380" src="https://www.youtube.com/embed/mIk95qdTt7M" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>...
National Aluminium Company Limited (NALCO) sharply cut its aluminium ingot and aluminium products prices, with effect from Friday, August 20, following a hike of 2.25 per cent on Tuesday, August 17. The company’s aluminium ingot price witnessed a slash of INR 8,100 per tonne or 3.57 per cent from INR 226,850-230,350 per tonne on August 17 to INR 218,750- 222,250 per tonne on August 20. NALCO’s aluminium wire rod price is ranging between 221,250- 225,600 per tonne since August 20 after seeing a cut of INR 8,100 per tonne from INR 229,350-233,700. NALCO’s aluminium billets selling price is at INR 222,200- 224,850 per tonne, also down by INR 8,100 per tonne from INR 230,300-232,950 per tonne on August 17. <iframe width="500" height="380" src="https://www.youtube.com/embed/b6eI9PhGz74"...
LME aluminium benchmark price closed higher for the second consecutive day by US$ 40 per tonne or 1.56 per cent on Monday, August 23. LME aluminium cash (bid) price and LME official settlement price continued to rise for the second day in a row to reach at US$ 2,609 per tonne on Monday, August 23. 3-months bid price and 3-months offer price increased by US$ 37 per tonne from US$ 2,552 per tonne to US$ 2,589 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2,555 per tonne, down by US$ 32 per tonne from US$ 2,523 per tonne on August 20. LME aluminium opening stock declined from 1304950 tonnes to 1300250 tonnes. Live Warrants stood at 843225 tonnes, while Cancelled Warrants totalled 457025 tonnes. LME aluminium 3-months Asian Reference Price settled at US$ 2,586.91 per...
World primary aluminium production in July 2021 amounted to 5.747 million tonnes, which was an increase of 3.4 per cent from 5.558 million tonnes a month ago, according to the latest data from the International Aluminium Institute. However, the output of world primary aluminium in June edged 3.67 per cent lower than 5.770 million tonnes in May 2021. On a year-on-year calculation, world primary aluminium production in July was up by 5.20 per cent from 5.463 million tonnes, found IAI. 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. International Aluminium Institute data also found that the world daily average primary aluminium production in July 2021 was at 185,400 tonnes, essentially...
China Hongqiao Group announced record earnings in six months on higher aluminium prices. The Group’s net income stood at 8.14 billion yuan ($1.25 billion) in January-June, an increase of 187.5% from a year earlier. Revenues increased by 31.4% to 52.48 billion yuan as Shanghai aluminium prices were around one third higher than in the same period of 2020, Reuters reported. Hongqiao manufactured 2.801 million tonnes of aluminium alloy products in the first six months of 2021. That was up from 2.741 million tonnes a year earlier. Sales of alumina rose 23.9% year-on-year in financial terms. Hongqiao expects sustained economic growth in China should see aluminium consumption to rise in the real estate, automotive and infrastructure sectors, driving prices for the metal higher in July-December...
