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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South32 published results for the year ended 30 June 2021 (FY21).The Group reported revenue of US$6,337 million for the full year, an increase of 4% from FY20’s revenue of US$6,075. Underlying earnings before interest and tax (EBIT) increased to US$844 million, up 89% from US$446 million in FY20. The Group’s net loss after tax stood at US$195 million, from FY20 net loss after tax of US$65 million. “We delivered a strong operating result, despite the ongoing challenges of COVID-19, achieving record production at Worsley Alumina, Brazil Alumina and Australia Manganese. We also exceeded our initial production guidance at South Africa Manganese, Cerro Matoso and Cannington,” said Graham Kerr, South32 CEO. “Reflecting our strong financial position and disciplined approach to capital...
Three-month LME aluminium edged down 0.50% to close at US$2,563 per tonne on Wednesday, with open interest losing 15,874 lots to 653,000 lots. As of Wednesday August 18, LME aluminium cash (bid) price stands at US$ 2589.50 per tonne, LME official settlement price stands at US$ 2589.50 per tonne; 3-months bid price stands at US$ 2571.50 per tonne, 3-months offer price is US$ 2571.50 per tonne; Dec 22 bid price stands at US$ 2540.50 per tonne, and Dec 22 offer price stands at US$ 2540.50 per tonne. The LME aluminium opening stock stood at 1315125 tonnes. Live Warrants totalled 864700 tonnes and Cancelled Warrants were 450425tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2584.58 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE decreased to...
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 its hydraulic units at the Bratsk Hydropower Station. The Bratsk Hydropower Station’s 18 hydro-turbine impellers have been undergoing a three-stage modernisation programme. In the first stage, which held during 2004-2010, impellers at hydraulic units 13-18 were replaced that improved the turbines’ energy conversion efficiency to 95.3 per cent, boosting hydropower station’s electric output and resulting in reducing coal plant output and CO2 emissions. From 2014-17, in the second stage, six more impellers were replaced at hydraulic units 6-10 & 12. The remaining six impellers will be replaced in the third stage...
SMM aluminium ingot price increased after registering a drop yesterday. The price grew by RMB 110 per tonne to stand at RMB 20340 per tonne on Wednesday, August 18, from RMB 20230 per tonne on August 17. The price is expected to move within a range of RMB 20320-20360 per tonne today. In Foshan and Wuxi, the price hiked by RMB 160 per tonne and RMB 110 per tonne to stand at RMB 20510 per tonne and RMB 20350 per tonne on Wednesday, August 18. Aluminium prices in Hangzhou and Chongqing stood at RMB 20355 per tonne and 20360 per tonne, an increase of RMB 105 per tonne and 125 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi increased to stand at RMB 20305 per tonne, RMB 20350 per tonne, RMB 20350 per tonne, and RMB 20220 per tonne on Wednesday August 18. The Aluminium...
Three-month LME aluminium shed 1.09 per cent to end at US$ 2,576 per tonne on Tuesday. LME aluminium cash (bid) price and LME official settlement price decreased by US$ 10 per tonne or 0.41 per cent to come at US$ 2,633 per tonne on Tuesday, August 17. 3-months bid price and 3-months offer price decline from US$ 2,626 per tonne to US$ 2,618.50 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2,580 per tonne, down by US$ 4 per tonne on August 16. LME aluminium opening stock increased from 1312950 tonnes to 1322150 tonnes. Live Warrants stood at 847650 tonnes, while Cancelled Warrants totalled 474500 tonnes. LME aluminium 3-months Asian Reference Price settled at US$ 2,632.44per tonne as of August 17. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE rose by...
National Aluminium Company Limited (NALCO) has significantly increased its aluminium ingot and aluminium product prices with effect from Tuesday, August 17, following a cut of INR 3,400 per tonne more than ten days ago on August 6. The company’s aluminium ingot price is now ranging between INR 226,850-230,350 per tonne, seeing a hike of INR 5,000 per tonne or 2.25 per cent from INR 221,850-225,350 per tonne. The increase in prices today has brought the company’s aluminium wire rod price to INR 229,350-233,700 per tonne, which is also an increase of INR 5,000 per tonne from INR 224,350-228,700 per tonne on August 6. NALCO is currently selling its aluminium billets at 230,300-232,950 per tonne compared to the last price of INR 225,300-227,950 per tonne. NALCO, like any other Indian...
Three-month LME aluminium dropped 0.25% to close at US$2,604.5 per tonne on Monday. As of Monday August 16, LME aluminium cash (bid) price stands at US$ 2644 per tonne, LME official settlement price stands at US$ 2644 per tonne; 3-months bid price stands at US$ 2626 per tonne, 3-months offer price is US$ 2626 per tonne; Dec 22 bid price stands at US$ 2584 per tonne, and Dec 22 offer price stands at US$ 2584 per tonne. The LME aluminium opening stock stood at 1312950 tonnes. Live Warrants totalled 830450 tonnes and Cancelled Warrants were 482500 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2600.92 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE decreased to stand at US$ 3120 per tonne on Tuesday, 17 August, 2021. SHFE metals were mixed in...
A00 aluminium ingot price in China has dipped by RMB 20 per tonne on Tuesday, August 17, to come in at RMB 20,230 per tonne, following a hike of RMB 200 per tonne on the previous day, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,210 per tonne and RMB 20,250 per tonne, with spot contract to be traded at a premium price of RMB 50-10 per tonne. However, the drop in primary aluminium ingot price has not touched upon all the major Chinese cities such as Tianjin, Linyi, Shenyang, Chongqing and Hangzhou. In Tianjin and Linyi, the price has climbed by RMB 70 per tonne and RMB 40 per tonne to stand at RMB 20,250 per tonne and RMB 20,270 per tonne, respectively. In Shenyang and Chongqing, primary aluminium ingot price has grown by RMB 30 per tonne and...
China’s production of aluminium declined for the third month in a row due to power shortages. The primary aluminium output came in at 3.26 million tonnes in July, an increase of 7.4% year-on-year, according to the National Bureau of Statistics. On a monthly basis, the production reduced by 0.9% from June’s output of 3.29 million tonnes. On a daily basis, primary aluminium production works out at 105,161 tonnes per day, from 109,700 tonnes in June, according to Reuters’ calculations. “Entering July, the country’s tight electricity supply situation become more severe,” said metals consultancy Mysteel. “In the current power shortage environment, the commissioning of new electrolytic aluminium projects in Yunnan, Guangxi, Guizhou and other places will inevitably be postponed.” The country’s...
In the Interim Results of 2021, Rusal, the world’s leading aluminium producer, has announced that its aluminium production in the six months ended June 30 stood flat at 1.868 million tonnes compared to 1.867 million tonnes a year ago. However, sales of both primary aluminium and alloys increased 5.8 per cent on year from 1.890 million tonnes to 2 million in H1 2021, resulting in the increase in revenue by 35.7 per cent from US$ 4,015 million in H1 2020 to US$ 5,449 million in H1 2021. Adjusted EBITDA jumped by 500.50 per cent from US$ 219 million to US$ 1,315 million. At the same time cost of sales grew 8.5 per cent from US$ 3,520 million to US$ 3,819 million and gross profit from US$ 495 million to US$ 1,630 million. Rusal’s total assets and net debt as of June 30 stood at US$ 20,466...
Three-month LME aluminium rose 1.40 per cent to close at US$ 2,577.50 per tonne in the overnight trading of last Friday, and is expected to trade between US$ 2,540-2,620 per tonne today. LME aluminium cash (bid) price and LME official settlement price inched up marginally by US$ 0.50 per tonne to stand at US$ 2,602.50 per tonne on Friday, August 13. But 3-months bid price and 3-months offer price decreased considerably from US$ 2,600 per tonne to US$ 2,592 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2,554 per tonne, down by US$ 23.50 per tonne on August 12. LME aluminium opening stock decreased from 1333575 tonnes to 1323825 tonnes. Live Warrants stood at 834950 tonnes, while Cancelled Warrants totalled 488875 tonnes. LME aluminium 3-months Asian Reference Price...
The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has reported that the aluminium ingots production of the nation has escalated by 26.30% during the first four months of the current Iranian year (from March 21 through July 22, 2021), when compared to the same phase existing Iranian year. The report also reveals that the aluminium production by the four Iranian aluminium firms within the first four months uplifted to 175,000 tonnes, while during the same period in the previous Iranian year, it remained at 139,000 tonnes. The IMIDRO’s report spotlighted: “The Iranian Aluminum Company produced about 61,300 tonnes of aluminium ingots, Al-Mahdi Aluminum Company – 52,800 tonnes, South Aluminum Corporation (SALCO) – 48,400 tonnes, and Iran Alumina Company –...
The Egyptian Minister of Public Enterprise Sector, Hisham Tawfiq stated that the US firm, Bechtel Corporation, one of the most respected engineering, construction, and project management companies in the world has concluded the engineering study for the expansion project of Egypt’s largest aluminium smelter Egyptalum. Bechtel study will be presented to Egyptian President Abdel Fattah Al-Sisi soon for workable approval of the two-phase plan to add 500,000 tonnes per year to the production of the state-owned Aluminium Company. The Minister said: “The development plan for Egyptalum and Bechtel feasibility study will soon be presented to the President for a final decision.” <iframe width="500" height="380" src="https://www.youtube.com/embed/TZ3QAZj76Aw" title="YouTube video player"...
Right from the hike in LME aluminium benchmark price to new consumption restrictions on Chinese aluminium producers, primary aluminium market has spotted some of the important news this week. From US$ 2,547 per tonne on Monday, August 9, both LME aluminium cash (bid) price and LME official settlement price increased to US$ 2,602 per tonne on Thursday, August 12, reflecting a hike of US$ 55 per tonne. 3-months bid price and 3-months offer price grew from US$ 2,553 per tonne to US$ 2,600 per tonne, while Dec 22 bid price and Dec 22 offer price climbed from US$ 2,517.50 per tonne to US$ 2,577.50 per tonne. To know more: https://www.alcircle.com/news/lme-aluminium-price-gains-us24-t-to-stand-above-us2600-t-shfe-price-continues-to-decline-to-us3090-t-70088 A00 aluminium ingot price in China...
Hindalco Industries Limited has continued to increase its aluminium ingot and aluminium product prices by INR 1,500 per tonne or 0.67 per cent with effect from Friday, August 13. Marking the second consecutive hike this week, Hindalco’s aluminium ingot price has come in at INR 224,500 per tonne compared to INR 223,000 per tonne on August 11. The company’s aluminium wire rod price and aluminium billet price have been increased from INR 234,100 per tonne to INR 235,600 per tonne and from INR 230,100 per tonne to INR 231,600 per tonne, respectively. Hindalco links its aluminium ingot and aluminium product prices to the three-month futures of aluminium on the London Metal Exchange, which after August 10 built-up US$ 23 per tonne to reach at US$ 2,602 per tonne as of August 12. On a...
Vedanta Limited has extended growth of its aluminium ingot and aluminium product prices on Friday, August 13. The company’s aluminium ingot price has come in at INR 225,000-238,000 per tonne, up by INR 1,500 per tonne from INR 223,500-236,500 per tonne on August 11. Vedanta’s aluminium wire rod price has also seen an increase of INR 1,500 per tonne from INR 231,000-238,500 per tonne on August 11 to INR 232,500-240,000 per tonne on August 13. Aluminium billet price is hovering at INR 233,000 per tonne, gaining INR 1,500 per tonne from the previous day. Vedanta limited links its aluminium ingot and aluminium product prices to the three-month futures of aluminium on the London Metal Exchange, which after August 10 built-up US$ 23 per tonne to reach at US$ 2,602 per tonne as of August 12. On...
A00 aluminium ingot price in China has climbed by RMB 30 per tonne to close the week, ending on Friday, August 13, at RMB 20,050 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,030 per tonne and RMB 20,070 per tonne, with spot contract to be traded at a premium price of RMB 50-10 per tonne. Among all the major Chinese cities, Tianjin has seen the highest rise of RMB 60 per tonne to RMB 20,060 per tonne. In Hangzhou, primary aluminium ingot price has increased by RMB 25 per tonne to RMB 20,080 per tonne, while the price in Gongyi, Foshan, and Linyi has grown by RMB 20 per tonne to stand at RMB 19,930 per tonne, RMB 20,200 per tonne, and RMB 20,060 per tonne, respectively. In Shenyang and Wuxi, A00 aluminium ingot price is up by RMB 15...
Three-month LME aluminium increased 0.21 per cent to end at US$ 2,580.50 per tonne on Thursday, August 12. LME aluminium cash (bid) price and LME official settlement price built-up US$ 24 per tonne to stand at US$ 2,602 per tonne on Thursday, August 12, following a dip of US$ 1 per tonne in the previous day. 3-months bid price and 3-months offer price increased from US$ 2,577.50 per tonne to US$ 2,600 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2,577.50 per tonne, up by US$ 36 per tonne from August 11. LME aluminium opening stock decreased from 1340225 tonnes to 1333575 tonnes. Live Warrants stood at 836850 tonnes, while Cancelled Warrants totalled 496725 tonnes. LME aluminium 3-months Asian Reference Price settled at US$ 2,589.87 per tonne as of August 12. SHFE...
