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$2,544.5 per tonne last Friday morning. The price settled at US$2,555 per tonne, an increase of US$8 per tonne or 0.31%. As of Friday, August 20, LME aluminium cash (bid) price stands at US$ 2569 per tonne, LME official settlement price stands at US$ 2569 per tonne; 3-months bid price stands at US$ 2552 per tonne, 3-months offer price is US$ 2552 per tonne; Dec 22 bid price stands at US$ 2523 per tonne, and Dec 22 offer price stands at US$ 2523 per tonne. The LME aluminium opening stock stood at 1304950 tonnes. Live Warrants totalled 845125 tonnes and Cancelled Warrants were 459825 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2566.41per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to stand...
A00 aluminium ingot price in China has jumped by RMB 260 per tonne to open the week on Monday, August 23, at RMB 20,360 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,340 per tonne and RMB 20,380 per tonne, with spot contract to be traded at a premium price of RMB 30-70 per tonne. In Hangzhou, the price has increased the highest by RMB 350 per tonne to come in at RMB 20,480 per tonne, followed by a surge of RMB 340 per tonne in Wuxi to RMB 20,455 per tonne. In Shenyang and Chongqing, primary aluminium ingot price has climbed RMB 310 per tonne and RMB 275 per tonne to stand at RMB 20,395 per tonne and RMB 20,415 per tonne, while the price in Tianjin, Gongyi has increased by RMB 250 per tonne and RMB 240 per tonne to settle at RMB 20,370...
The global primary aluminium segment remained in the highlights for the complete week, with the largest primary aluminium producer in GCC, Emirates Global Aluminium (EGA), which also ranks among the five top aluminium producers in the world, has refinanced $ 5.5 billion corporate debt to further enhance its capital structure. However, in North Africa at another Gulf nation, Egypt, Bechtel Corporation, one of the most respected engineering, construction, and project management companies in the world have concluded the engineering study for the expansion project of Egypt’s largest aluminium smelter Egyptalum. En+ Group, the largest producer of low-carbon aluminium and the biggest independent hydropower generator, has announced that it has begun the installation of a new impeller at one of...
The latest data from the US Census Bureau shows that domestic primary aluminium production in the United States in June 2021 stood at 72,000 tonnes. That reflected a decrease of 3,000 tonnes or 4 per cent from 75,000 tonnes in May. On a year-on-year calculation, the output in June stood 17,000 tonnes or 19 per cent lower than 89,000 tonnes. The average daily production in June was 2,390 tonnes, almost flat compared to 2,410 tonnes in the previous month but 20 per cent less than 2,980 tonnes a year ago. Total aluminium recovered from scrap in June 2021 was 267,000 tonnes, 4 per cent more than 257,000 tonnes in May and 12 per cent than 249,000 tonnes in June 2020. Of this, 141,000 tonnes of aluminium were recovered from new scrap and 127,000 tonnes from old scrap. In June 2021, the average...
LME aluminium cash (bid) price and LME official settlement price recorded a downtrend this week by US$ 75 per tonne. The prices started the week on Monday, August 16, with a surge of US$ 41.50 per tonne to US$ 2,644 per tonne but decreased on the subsequent day, August 17, by US$ 10 per tonne to US$ 2,633 per tonne. On Wednesday, August 18, both LME aluminium cash (bid) price and LME official settlement price further declined to US$ 2,589.50 per tonne and closed even lower at US$ 2,544 per tonne on Thursday, August 19. However, on Friday, the prices edged higher by US$ 25 per tonne to close the week at US$ 2,569 per tonne. 3-months bid price and 3-months offer price also slipped this week by US$ 74 per tonne. On Monday, August 16, the prices stood at US$ 2,626 per tonne, which on the next...
SMM aluminium ingot price saw mixed performance over the week. The week started with a growth of RMB 200 per tonne to stand at RMB 20250 per tonne on Monday, 16 August. The price settled lower at RMB 20230 per tonne on Tuesday. The price on Friday, August 20, stood higher at RMB 20100 per tonne, after declining it on Thursday. The price is expected to move within a range of RMB 20080-20120 per tonne. As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased 2,000 tonnes this week. The stocks came in at 741,000 tonnes as of Thursday, 19 August 2021. The alumina price in China started the week higher at RMB 2644 per tonne on Monday, 16 August 2021, an increase of RMB 13 per tonne. The price...
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The aluminium arm of Brazilian conglomerate Votorantim SA is venturing on a shortfall of the metal which is used producing from beer cans to plane parts. Ricardo Carvalho, Chief Executive Officer, CBA said: “Companhia Brasileira de Aluminio plans to invest 4 billion reals in the next five years as it overhauls and expands operations.” In July 2021, the aluminium company step its foot in the Brazilian bourse after a 1.4 billion-real offering also wants to do deals along the value chain. The growth plans range with CBA’s view that the metal aluminium is approaching a supply deficit as global de-carbonisation efforts foster demand at a time when China is restricting smelting. The metal used which is used to reduce vehicle weight has held up better than most commodities despite the growing...
According to China Customs data, imports of aluminium ores and concentrates shrank by 15.7 per cent year-on-year in July 2021 to stand at 9.25 million tonnes. That brought the total imports of aluminium ores and concentrates in the first seven months of 2021 to 64.41 million tonnes, down by 7.1 per cent from a year ago. Imports of alumina in July were 50,000 tonnes, up 1939.8 per cent year-on-year. But cumulative imports of alumina year-to-date stood 7.2 per cent lower at 90,000 tonnes. China customs data also found the country’s imports of unwrought aluminium and aluminium products in July amounted to 312,086 tonnes, which was a decrease of 20.2 per cent year-on-year. However, on year-on-year calculation, total imports of unwrought aluminium and aluminium products in the first seven...
Marubeni Corporation, a Japanese integrated trading and investment business conglomerate, has made an announcement on Friday, August 20, about its carbon-neutral aluminium ingot sale in Japan. The Tokyo-based trading house has started selling the product in response to customers’ demand and choice in favour of greenhouse gas (GHG) emissions reduction. A large number of aluminium customers in the transport, packaging, and construction industries are looking to cut their carbon footprint and wanting to source low-carbon material. On Friday, Marubeni started offering the ingot called “Neutr-Al”, which neutralises GHG emissions from bauxite mining, alumina production, aluminium smelting, and transportation to Japan by carbon credits. The credits will be created by GHG reduction and absorption...
Norsk Hydro ASA has announced that its subsidiary Hydro Energi AS signed a new long-term power purchase agreement (PPA) with Hafslund Eco Vannkraft AS for a total supply of 680 GWh. The agreement with Hafslund Eco spans from January 1, 2022, to December 31, 2028, with delivery to price area NO3. This agreement is part will part of Hydro Energy’s total power portfolio. The portfolio consists of captive power production of 9.4 TWh per year and a long-term contract portfolio of around 10 TWh. Both the companies have an established cooperation, which in 2020 and 2021 resulted in three other PPAs with a total volume of 2.7 TWh for delivery from 2021 to 2028. “In addition to being a significant market player in the Nordic power market, Hydro Energy is responsible for acquiring power for Hydro’s...
SMM aluminium ingot price stands at RMB 20100 per tonne on Friday, 20 August 2021, representing an increase of RMB 20 per tonne from Thursday’s price of RMB 20080 per tonne. The price is expected to move within a range of RMB 20080-20120 per tonne. In Wuxi, the price has increased by RMB 85 per tonne to stand at RMB 20115 per tonne on Friday, August 20, 2021. In Hangzhou and Chongqing, the price has edged up by RMB 70 per tonne and RMB 50 per tonne to stand at RMB 20130 per tonne and RMB 20140 per tonne. Aluminium ingot prices in Shenyang and Tianjin have increased to stand at RMB 20085 per tonne and RMB 20120 per tonne on Friday, August 20, an increase of RMB 70 per tonne and RMB 10 per tonne. Raw materials price of alumina, Australian Alumina FOB Price, Prebaked Anode Central, and Al...
Three-month LME aluminium edged down by 0.74 per cent to settle at US$ 2,544 per tonne on Thursday, August 19. LME aluminium cash (bid) price and LME official settlement price continued to decrease for the third day in a row by US$ 45.50 per tonne or 1.76 per cent to come in at US$ 2,544 per tonne on Thursday, August 19. 3-months bid price and 3-months offer price shrank by US$ 39.50 per tonne from US$ 2,571.50 per tonne to US$ 2,532 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2,503.50 per tonne, down by US$ 37 per tonne from US$ 2,540.50 per tonne on August 18. LME aluminium opening stock declined from 1315125 tonnes to 1309700 tonnes. Live Warrants stood at 846400 tonnes, while Cancelled Warrants totalled 463300 tonnes. LME aluminium 3-months Asian Reference...
The largest industrial company in the United Arab Emirates outside oil and gas, Emirates Global Aluminium (EGA) has prosperously refinanced $ 5.5 billion of corporate debt, deleveraging and improving repayment terms to lessen costs and validating the best dividend policy in future years for shareholders. The term loan facility narrows by $1 billion the size of EGA’s existing seven-year $ 6.5 billion loan facility signed in 2019, as strong aluminium prices and EGA’s operational performance drive liquidity at the company. The new facility, which is a senior unsecured loan, reprofiles EGA’s scheduled debt repayments and extends them by 2.5 years. The terms incorporate a mechanism that delivers material reductions in the cost of debt to EGA as the company further strengthens its balance sheet...
Vedanta has cut its aluminium products price by more than 2%. With effect from Thursday, 19 August 2021, the prices of some aluminium ingots have come in at INR 224,000-237,000 per tonne. This is down by INR 3,500 per tonne from INR 227,500-240,500- per tonne on August 18. The billets price stands at INR 232,000 per tonne on Thursday, 19 August 2021, standing lower by 1.49% or INR 3,500 per tonne from INR 235,500 per tonne on August 18. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price stood at US$ 2589.5 per tonne on August 18, from US$ 2633 per tonne on August 17. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a stake in...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased 2,000 tonnes this week. The stocks came in at 741,000 tonnes as of Thursday, 19 August 2021. The chart below shows the status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Gongyi contributed to the increase, standing at 45,000 tonnes. That was up by 12,000 tonnes from 33,000 tonnes last Thursday. Shanghai and Chongqing stocks hiked by 1,000 tonnes each to stand at 73,000 tonnes and 4,000 tonnes. Nanhai and Tianjin stocks remained unchanged at 200,000 tonnes and 65,000 tonnes as of Thursday, 19 August 2021. Inventories of primary aluminium in Hangzhou and Linyi stood at 83,000 tonnes and...
AZ China Ltd. will be holding its next conference virtually from 16th to 18th of November 2021. This year the conference brings industry leaders and many sought-after speakers from China and the world to discuss the future of the industry globally. AZ China is a leading consultancy firm in China regarding the Aluminium industry. It is rated as one of the best aluminium conferences worldwide and an unprecedented platform connecting the world with China aluminium industry. The conference attracts people from all over the world to gather in China whose share of the global output is 60%. The topics are intended on the long-term outlook for the metal in a world focused on climate change, green aluminium and recovering from COVID-19. "We will take you past the short-term 'noise', we will look...
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices with effect from Thursday, August 19, after increasing them three times in a row since the week last. Hindalco’s aluminium ingot price has witnessed a slash of INR 3,500 per tonne or 1.54 per cent from INR 227,000 tonnes on August 18 to INR 223,500 per tonne on August 19. The company’s aluminium wire rod price has settled at INR 234,600 per tonne as of August 19 after being decreased by INR 3,500 per tonne from INR 238,100 per tonne in the previous day. Hindalco’s aluminium billets price is standing at INR 230,600 per tonne, also a decline of INR 3,500 per tonne from INR 234,100 per tonne. <iframe width="500" height="380" src="https://www.youtube.com/embed/Z0h4lj4O1jY" title="YouTube video player"...
According to a recent report, Rio Tinto and the union will hold another meeting in Vancouver next week to discuss the Kitimat aluminium smelter strike. As the strike enters its fourth week, Rio Tinto and Unifor union have decided to resume negotiations to see if a collective agreement can be renewed. A week ago, on August 12, a similar meeting was held in Kitimat between top officials from Rio Tinto’s Montreal headquarters and Unifor Local 2301’s president in hopes of ending the strike at the smelter, continuing since July 25. So far, no updates on the last meeting have been provided by either of the two parties. Information about the next week’s meeting is sent to Rio Tinto’s employees through a company memo on August 17, which read as: “After the meeting held on August 12 and follow up...
