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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National Aluminium Company Limited (NALCO) has decreased its aluminium ingot price by INR 4,000 per tonne with effect from Friday, July 23. This has brought the price to INR 211,250-214,750 per tonne versus INR 215,250- 218,750 per tonne on last Saturday, July 17. NALCO’s aluminium billets price has also seen a plunge of INR 4,000 per tonne or 1.86 per cent from INR 218,700- 221,350 per tonne on July 17 to INR 214,700-217,350 per tonne on July 23. Meanwhile, NALCO’s aluminium wire rod price has witnessed a cut of INR 5,000 per tonne or 2.2 per cent on July 23. The price is thus hovering around INR 213,750-218,100 per tonne in comparison to INR 218,750- 223,100 per tonne on July 17. NALCO, like any other Indian aluminium producer, links its aluminium ingot and aluminium product prices to...
Rusal, the world's leading aluminium producer, has presented its annual Sustainability Report for 2020, highlighting that the COVID-19 pandemic reaffirmed the company’s commitment to its sustainable development agenda and also prepared the firm to respond to global challenges by offering timely and effective assistance to local communities. To combat COVID-19, Rusal built large-scale medical centres in Achinsk, Boguchany, Bratsk, Krasnoturinsk, Sayanogorsk, Taishet, and Shelekhov, with a total cost of about 4 billion rubles. Simultaneously, Rusal’s long-term social programme called “Rusal Territory” reached another momentum. Since 2010, the programme has consistently improved the quality of life in territories where Rusal holds its presence. Rusal also became one of the world’s leading...
South32 Limited announced long-term energy supply agreement has been finalized for its Hillside Aluminium smelter. South Africa’s National Energy Regulator has approved a deal between Eskom Holdings SOC Limited (Eskom) and Hillside. The smelter will receive energy until 2031, under a tariff that is South African rand based with a rate of escalation linked to the South Africa Producer Price Index. With the new tariff agreed, the smelter remains competitively positioned on the global smelter cost curve. South32 Chief Executive Officer, Graham Kerr said “We welcome the new agreement which further extends the long-term working relationship between South32 and Eskom. Hillside has been a major Eskom customer for 25 years and this agreement provides power cost certainty for a further ten years,...
SMM aluminium ingot price increased by RMB 270 per tonne from Thursday. The price stood at RMB 19330 per tonne on Friday, July 23, 2021, from RMB 19060 per tonne. The price is expected to move within a range of RMB 19310-19350 per tonne today. In Foshan and Wuxi, the price inched up by RMB 270 per tonne and RMB 265 per tonne to stand at RMB 19410 per tonne and RMB 19325 per tonne on Friday, July 23, 2021. Aluminium prices in Hangzhou and Chongqing stood at RMB 19330 per tonne and 19350 per tonne, up RMB 260 per tonne and 275 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi increased to stand at RMB 19330 per tonne, RMB 19310 per tonne, RMB 19310 per tonne, and RMB 19230 per tonne on Friday, July 23, 2021. The aluminium alloy (ADC12) price rose RMB 200 per tonne to...
Three-month LME aluminium rose 0.33 per cent to close at US$ 2,465.50 per tonne on Thursday, July 22. LME aluminium cash (bid) price and LME official settlement price increased for the second day in a row by US$ 17 per tonne to come in at US$ 2,449 per tonne on Thursday, July 22. 3-months bid price and 3-months offer price climbed by US$ 13.50 per tonne to stand at US$ 2,462.50 per tonne. Dec 22 bid price and Dec 22 offer price grew from US$ 2,437 per tonne to US$ 2,446 per tonne. LME aluminium opening stock continued to decrease from 1434125 tonnes to 1430200 tonnes. Live Warrants totalled 891750 tonnes, while Cancelled Warrants closed at 538450 tonnes. LME aluminium 3-months Asian Reference Price hovered around US$ 2,458.13per tonne as of July 22. SHFE Aluminium Price Trend Benchmark...
In 1971, Aluminium Bahrain initiated its operations and produced the first aluminium ingot in the whole of the Gulf region, flagging the inception of a program of industrial diversification which was considered as bright and aspiring. At present, GCC countries are listed proudly to be the home to some of the largest, ultra-modern, state of art technology-driven and environmentally friendly Aluminum production facilities. The success stories of primary aluminium production have made way for the commencement of many aluminium downstream industries and a variety of revolutionary ancillary businesses. Together the whole industry contributes to the region's economic affluence and adaptability. The industry commenced from an elementary capacity of 120,000 tonnes of primary Aluminum per annum to...
Social inventories of primary aluminium in China have continued to fall this week by 23,000 tonnes across eight major consumption areas, including the SHFE warrants, found the Shanghai Metals Market. Data shows the inventories have thus come in at 809,000 tonnes as of Thursday, July 22, compared to 832,000 tonnes last week on July 15. Last week, China’s primary aluminium inventories declined 26,000 tonnes from the previous week. The chart below indicates the current status of primary aluminium inventories across China in more detail: In Wuxi, primary aluminium inventories have decreased by 13,000 tonnes to come in at 280,000 tonnes, while the inventories in Nanhai have plunged by 12,000 tonnes to stand at 212,000 tonnes, learned SMM. In Shanghai and Hangzhou, primary aluminium inventories...
South32 Ltd announced a 3% quarter-on-quarter rise in aluminium production in the June quarter. Aluminium production stood at 246,000 tonnes in 4Q21. The aluminium output came in at 982,000 tonnes in FY21, from 986,000 tonnes in FY20. Hillside Aluminium saleable production decreased by 1,000 tonnes to 717,000 tonnes in FY21 as the smelter continued to test its maximum technical capacity, despite the impact to production from increased load-shedding. In June quarter, sales dropped by 12% as ongoing congestion in the global freight market led to a slipped shipment at the end of the period. “H2 FY21 Operating unit costs are expected to increase half-on-half (H1 FY21: US$1,536/t) for the smelter reflecting a stronger South African rand, and higher raw material input and freight costs,” the...
According to the International Aluminium Institute, primary aluminium production in East & Central Europe stood at 340,000 tonnes during June 2021. That was down by 11,000 tonnes or 3.13 per cent month-on-month from 351,000 tonnes but same as the output in June 2020. Production in May 2021 was, however, up month-on-month by 10,000 tonnes or 2.93 per cent from 341,000 tonnes. Total production of primary aluminium in East and Central Europe during the second quarter of 2021 came in at 1.032 million tonnes, which was 0.68 per cent higher than 1.025 million tonnes during the previous quarter. But on a year-on-year calculation, primary aluminium output in East & Central Europe was almost flat compared to 1.033 million tonnes. In the first half of 2021, primary aluminium production in East &...
Three-month LME aluminium rose 0.39% to close at US$2,457.5 per tonne on Wednesday. As of Wednesday July 21, LME aluminium cash (bid) price stands at US$ 2432 per tonne, LME official settlement price stands at US$ 2432 per tonne; 3-months bid price stands at US$ 2449 per tonne, 3-months offer price is US$ 2449per tonne; Dec 22 bid price stands at US$ 2437 per tonne, and Dec 22 offer price stands at US$ 2437 per tonne. The LME aluminium opening stock stood at 1434125 tonnes. Live Warrants totalled 897125 tonnes and Cancelled Warrants were 537000 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2438.61 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to stand at US$ 2953 per tonne on Thursday, July 22, 2021. The most liquid SHFE 2109...
The Greece-based industrial conglomerate MYTILINEOS made public the signing of the agreement with PPC for power supply at its metallurgy business unit Aluminum of Greece. The agreement denotes the magnificent liaison of the two leading companies of Greece and their commitment to competitive electricity costs for the energy-intensive industry, in the context of the national industrial policy to safeguard the competitiveness of Greek companies for the benefit of the national economy. Following the 60 years of uninterrupted cooperation, this will be the final contract of the two companies, as Mytilineos is highly committed to the framework of its strategy for sustainable development to reduce emissions by 30% in all its activities by 2030 and to achieve climate neutrality by 2050....
According to a recent report, China National Food and Strategic Reserves Administration will release 90,000 tonnes of aluminium from state reserves in the second batch on July 29. Companies can apply for the bidding during July 21-26. This news followed the National Development and Reform Commission’s (NDRC) statement on July 19 that China would continue to release aluminium from state reserves to lower the metal price. In the first batch scheduled on July 5-6, China sold 50,000 tonnes of aluminium. According to a report, the country took only one of two days allotted for the auction to sell the aluminium that was on offer. The aluminium was split into around 200 lots. The auction of the last lot of 250 tonnes took place at 7:52 pm on July 5, showed a notice on the bidding platform...
According to the International Aluminium Institute, primary aluminium production in Africa stood at 130,000 tonnes during June 2021. That was down by 6,000 tonnes or 4.41 per cent from 136,000 tonnes in May but same as the output in April 2021 and June 2020. Africa’s aluminium production in the second quarter, from April to June, amounted to 396,000 tonnes – 11,000 tonnes or 2.86 per cent more than 385,000 tonnes in the first quarter of 2021. But on a year-on-year basis, the output in Q2 was down by 1.49 per cent from 402,000 tonnes. Africa’s aluminium production in the first half of 2021 totalled 781,000 tonnes, down by 2.86 per cent from 804,000 tonnes during the same period last year. World primary aluminium production in June came in at 5.549 million tonnes, 3.50 per cent less than...
According to the latest data showed by the International Aluminium Institute (IAI), North America’s primary aluminium production stood at 318,000 tonnes in June 2021, a decrease of 3.64% from 330,000 tonnes in June 2020. On a monthly basis, the output slipped by 3.34% from 329,000 tonnes in May. The primary aluminium stood at 1.960 million tonnes in the first half of 2021. That marked a drop of 1.75% year-on-yea, from 1.995 million tonnes in the first half of 2020. In South America, primary aluminium production ccame in at 96,000 tonnes in June 2021. That was up by 31.51% from June 2020’s aluminium production of 73,000 tonnes but down by 3.03% from May 2021’s output of 99,000 tonnes. Primary aluminium production in South America inched up by 14.72% year-on-year to 569,000 tonnes in...
World primary aluminium production in June 2021 stood at 5.549 million tonnes, bringing the total output during the second quarter of the year to 16.842 million tonnes, found the International Aluminium Institute. Production in June reflected a month-on-month decrease of 3.50 per cent from 5.750 million tonnes, while the output in Q2 edged a quarter-on-quarter increase of 1.12 per cent from 16.655 million tonnes. On a year-on-year calculation, world primary aluminium production in June stood up by 4.54 per cent from 5.308 million tonnes, while the production in Q2 grew 5.13 per cent from 16.020 million tonnes. In China, primary aluminium production in June came in at 3.245 million tonnes, down by 3.13 per cent from 3.350 million tonnes in May but up 7.17 per cent from 3.028 million tonnes...
SMM aluminium ingot price increased by RMB 50 per tonne after two days of decline. The price came in at RMB 19090 per tonne on Wednesday, July 21, 2021, from RMB 19040 per tonne on July 20. The price is expected to move within a range of RMB 19070-19110 per tonne today. In Foshan and Wuxi, the price rose RMB 30 per tonne each to stand at RMB 19160 per tonne and RMB 19070 per tonne on Wednesday, July 21, 2021. Aluminium prices in Hangzhou and Chongqing stood at RMB 19085 per tonne and 19100 per tonne, an increase of RMB 35 per tonne and 40 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi increased to stand at RMB 19025 per tonne, RMB 19070 per tonne, RMB 19090 per tonne, and RMB 18980 per tonne on Wednesday, July 21, 2021. The price of aluminium alloy (ZLD102) and...
Three-month LME aluminium rose 1.16 per cent to close at US$ 2,448 per tonne on Tuesday. LME aluminium cash (bid) price and LME official settlement price inched down marginally by US$ 0.50 per tonne to stand at US$ 2,424.50 per tonne on Tuesday, July 20. 3-months bid price and 3-months offer price decreased by US$ 3.50 per tonne to come in at US$ 2,442.50 per tonne. However, Dec 22 bid price and Dec 22 offer price gained US$ 2.50 per tonne to settle at US$ 2,432.50 per tonne. LME aluminium opening stock continued to decrease from 1449325 tonnes to 1440350 tonnes. Live Warrants totalled 897125 tonnes, while Cancelled Warrants closed at 543225 tonnes. LME aluminium 3-months Asian Reference Price hovered around US$ 2,434.69 per tonne as of July 20. SHFE Aluminium Price Trend Benchmark...
Century Aluminum Company’s wholly-owned subsidiary, Norðurál Grundartangi ehf, has reportedly reached an agreement with Landsvirkjun, the National Power Company in Iceland, to extend its 161MW power contract for the next three years till 2026. The extension of contract will increase the power supply to 182 MW over time, providing the necessary flexibility to support the most recent capacity creep requirements and future growth opportunities for value-added products at the plant. Jesse Gary, Century’s President and Chief Executive Officer, said, “We are pleased to reach this agreement with Landsvirkjun. I would like to personally thank Hörður Arnarson, Chief Executive Officer of Landsvirkjun, and his team for their hard work on reaching this agreement and for Landsvirkjun’s continued...
