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 rose 1.76% to close at US$2,538 per tonne on Tuesday. SMM expects the contract to trade between US$2,480-2,550 per tonne today. As of Tuesday July 13, LME aluminium cash (bid) price stands at US$ 2478 per tonne, LME official settlement price stands at US$ 2478 per tonne; 3-months bid price stands at US$ 2492.50per tonne, 3-months offer price is US$ 2492.50per tonne; Dec 22 bid price stands at US$ 2476 per tonne, and Dec 22 offer price stands at US$ 2476 per tonne. The LME aluminium opening stock stood at 1480150 tonnes. Live Warrants totalled 897275tonnes and Cancelled Warrants were 582875 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2505.62per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to stand at...
RUSAL will deliver low carbon aluminium ALLOW to its plant Aluminium Rheinfelden. The delivery of ALLOW aluminium is scheduled in August 2021. The low carbon aluminium will enhance the profile of Rheinfelden’s proprietary alloys, bring new opportunities to grow the business, boost competitiveness and provide customers with a fully transparent and independently verified Carbon Footprint for their key components. ALLOW’s carbon footprint is lower than 4t CO2/t Al, while the world average is currently approximately 12t CO2/t Al (scope 1 and 2 at the smelter). Steve Hodgson, Director of Sales and Marketing, said: “Delivering sustainable aluminium solutions is part of RUSAL’s long-term growth strategy, and by providing Aluminium Rheinfelden with our low-carbon aluminium ALLOW, this will have...
India’s largest producer of aluminium and value-added products, Vedanta has recycled 16.5 billion litres of water in FY 20-21, capitalizing technology for focused control and monitoring of water consumption. The water-saving projects covering its Aluminium smelters, Alumina refinery and Power plants have standalone resulted in water conservation in accordance of 700 million litres. The operations of Anil Agarwal’s Vedanta Aluminium are governed by the Vedanta Sustainable Development Framework, which incorporates a powerful suite of technical & management standards and guidance notes developed under control with global sustainability management practices oriented to the International Financial Corporation (IFC), International Council for Mining and Metals (ICMM), Global Reporting...
Hindalco Industries Limited decreased its aluminium ingot and aluminium products prices by INR 2,250 per tonne or 1 per cent with effect from Tuesday, July 13. This has brought the company’s aluminium ingot price to INR 212,750 per tonne from INR 215,000 per tonne on July 10. Hindalco Industries’ aluminium wire rod price is standing at INR 223,850 per tonne with effect from July 13, also down by INR 2,250 per tonne from INR 226,100 per tonne last week. The company is selling its aluminium billets at INR 219,850 per tonne compared to INR 222,100 per tonne on July 10. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which on Monday, July 12, fell by US$ 21 per tonne to stand at US$ 2,449 per tonne. On a...
On 13 th July 2021, Emirates Global Aluminium announced the commencement of the second phase of its expansion to Al Taweelah smelter in Abu Dhabi. The aluminium smelter expansion casts up 26 new reduction cells to Potline 2, boosting production capacity by over 30,000 tonnes of hot metal per year. EGA is adding further reduction cells to each of the three potlines at Al Taweelah. The expansion to Potline 1 began production in April. The expansion to Potline 3 is expected to start production later this year. The comprehensive expansion of 66 new reduction cells will increase EGA’s production capacity by around 78,000 tonnes of hot metal per year. The work has progressed ahead of schedule, while the full project is now some 80% complete amid the Covid-19 pandemic. At the Al Taweelah smelter...
On 12th July 2021, the aluminium producer of Cameroon, ALUCAM, which not only feed the domestic demand but also export to other African nations, has decided to raise its aluminium prices by 8% on average, as confirmed by credible sources. The aluminium producer explicates that its decision to raise the prices is triggered by two major reasons. The initial is the surge of alumina prices on international markets, while the other reason is the additional transport costs generated due to supply chain disruptions caused by the Covid-19 pandemic. The price of alumina has soared by over 52.5% within 12 months, from $1,663 on 17th July 2020, to $2,539 on 12th July 2021. The metal company’s decision towards price rise will empower in the short term policy to its roofing sheets manufacturing unit,...
Three-month LME aluminium fell 0.06 per cent to close at US$ 2,492.50 per tonne on Monday. It is expected to trade between US$ 2,480-2,550 per tonne today. LME aluminium cash (bid) price and LME official settlement price opened the week on Monday, July 12, at US$ 2,449 per tonne, down by US$ 21 per tonne or 0.85 per cent from US$ 2,470 per tonne on Friday, July 9. 3-months bid price and 3-months offer price decreased by US$ 20 per tonne from US$ 2,488.50 per tonne to US$ 2,468.50 per tonne. Dec 22 bid price and Dec 22 offer price declined from US$ 2,473.50 per tonne to US$ 2,453.50 per tonne. LME aluminium opening stock stood further lower at 1496075 tonnes. Live Warrants totalled 897275 tonnes, while Cancelled Warrants closed at 598800 tonnes. Meanwhile, LME aluminium 3-months Asian...
Aluminium Bahrain B.S.C. (Alba) secures the SafeGuard Hygiene Excellence and Safety Label from Bureau Veritas for its diligent efforts towards assuring the Health and Safety of its employees and contractors’ workers amidst the COVID-19 pandemic. This recognition was delivered to Alba following a detailed on-site audit process which took place during 26 – 31 May 2021 to scrutinize the effectiveness of various precautionary measures which the Company has been implementing across its campus and different departments since the outbreak of COVID-19 as well as the different policies and procedures governing these measures. Ali Al Baqali, Chief Executive Officer, said on the occasion: “We are pleased to be the first industrial company in Bahrain to receive the SafeGuard Label from Bureau Veritas...
According to a recent report, European aluminium producers are seeking exclusion from the first phase of the European Union’s carbon border adjustment mechanism (CBAM), claiming that the initiative will put the industry at a competitive disadvantage to foreign rivals and do little to tackle climate change. Gerd Götz, director-general of European Aluminium, said: “In view of the many open questions and the significant negative impact of the current CBAM approach . . . aluminium should not be included in the pilot phase.” Green industrial conglomerate Mytilineos said the carbon border adjustment mechanism would encourage Chinese and Russian resource shuffling, meaning the aluminium producers from the two countries would redirect their low-carbon production to Europe, in a bid to avoid any...
According to the Shanghai Metals Market, China produced 3.22 million tonnes of aluminium in June 2021. That was down by 3.01 per cent month-on-month from 3.32 million tonnes after a hike last month. But on a year-on-year calculation, the output stood up by 7.3 per cent from 3 million tonnes. China’s daily average output stood at 107,200 tonnes in June, up 300 tonnes a day from the previous month. During January-June 2021, total aluminium production in China came in at 19.47 million tonnes, which was 8.1 per cent more than 18.01 million tonnes during the same period last year. The production resumption of aluminium in Yunnan was slow in June, while the production in Gansu and Henan gradually recovered. At the same time, some places in Guizhou saw a slight reduction in aluminium production....
Iran's aluminium production stood at 131,376 tonnes during the first three months of the current Iranian year (March 21-June 21), from 101,202 tonnes in the previous year. Aluminum ingot output registered a hike of 30% compared with the same period last year, according to data released by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO). Iran produced 55,974 tonnes of alumina powder in the three months. That was down 11% from the corresponding figure of preceding year which was 62,789 tonnes. Bauxite production was 265,488 tonnes during the mention period, marking a 49% rise from 178,366 tonnes in the previous year. Annual production of the aluminum ingot is scheduled to increase 63% by the end of the current Iranian calendar year (March 20, 2022).
Vedanta has raised its aluminium products price after cutting the price of same product on July 9. With effect from Saturday, July 10 2021, the prices of some aluminium ingots have risen by INR 2,750 per tonne to stand at INR 215,500-228,500 per tonne, from INR 212,750-225,750- per tonne on July 9. The billets price stands at INR 223,500 per tonne on Saturday, July 10 2021, registering an increase of INR 2,750 per tonne from INR 220,750 per tonne on July 9. 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$ 2470 per tonne on July 9, from US$ 2435 per tonne on July 8. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta...
Three-month LME aluminium rose 1.78% to close at US$2,494 per tonne on Friday. SMM expects the contract to trade between RMB18,800-19,200 per tonne today. As of Friday July 9, LME aluminium cash (bid) price stands at US$ 2470 per tonne, LME official settlement price stands at US$ 2470per tonne; 3-months bid price stands at US$ 2488.50 per tonne, 3-months offer price is US$ 2488.50 per tonne; Dec 22 bid price stands at US$ 2473 per tonne, and Dec 22 offer price stands at US$ 2473 per tonne. The LME aluminium opening stock stood at 1506675 tonnes. Live Warrants totalled 902225 tonnes and Cancelled Warrants were 604450 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2460.25 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to stand at...
The Indian-born, British metal tycoon Sanjeev Gupta owned GFG Alliance has reportedly signed a loan deal with commodities giants Glencore and Trafigura to safeguard its aluminium division from emerging to collapse. As the report, the Anglo-Swiss multinational commodity trading and mining company, Glencore would disburse a six-year loan to acquire the maximum of the outstanding debt of Alvance Aluminium’s smelter in Dunkirk, France, and an associated aluminium rolling mill in Duffel, Belgium. The commodity company will also assist with selling aluminium products, with the two merchants both supplying raw materials. As per a spokeswoman of the Swiss multinational commodity trading company, Trafigura has confirmed the outline of the deal and the amount could settle up to $450 million....
Primary aluminium sector witnessed China’s state metal reserves took only one of two days allotted of the auction to sell 50,000 tonnes of aluminium. LME official settlement price extended decline for the third day in a row, while SMM aluminium price performed mixed this week. Let's summarize some of the top aluminium news from primary aluminium sector. Hindalco Industries Limited has reduced its aluminium ingot price by 3 per cent or INR 7,000 per tonne with effect from Friday, July 9, bringing it to INR 212,250 per tonne from INR 219,250 per tonne on July 3. To know more: https://www.alcircle.com/news/hindalcos-aluminium-ingot-price-sees-a-sharp-cut-of-3-or-inr7000-t-with-effect-from-july-9-67776 Alro needs to cover some 30% of its consumption through the spot market purchases,...
One of Europe’s largest vertically integrated aluminium producers by production capacity and trading on the Bucharest Stock Exchange, Alro needs to cover some 30% of its consumption through the spot market purchases, following multiple suppliers discontinued their contracts. Alro is considered one of the biggest power consumers in Romania and the largest company with a vital contribution to local and national economic development. The spot market price hikes on one hand stressed the suppliers to discontinue their contracts, as it was pre-assumed that they were not shielded by long-term agreements with power producers for the quantity sold in advance to the aluminium producers, however, it also leaves Alro exposed to high production costs. Marian Năstase, Chairman and non-executive member...
International Aluminium Institute (IAI) has appointed two new members to the team to support the Association’s environmental awareness mission. Dr Paul Marsh becomes new Health, Safety & Environment Program Manager, while Lavinya Kugaswaran as Environment (Bauxite & Alumina) Program Manager. Dr Paul Marsh has experience in scientific and regulatory affairs within the metals industry and an MChem (Hons) and a DPhil in chemistry. Dr Paul will be responsible for overseeing the IAI’s broad science work programme. Institute mission include increased awareness to the unique circular nature of aluminium recyclability, promoting R&D into recycling aluminium, healthy, safe and environmentally sound production of aluminium and Communicate between agencies, members and other parties on global...
Sanjeev Gupta owned GFG Alliance’s deal with the Scottish Govt. stated that the government undertakes the cost of a 25- year electricity supply contract between Lochaber aluminium smelter and the adjoining hydro-plant. The key factor to acquire both the facilities by Sanjeev Gupta’s GFG Alliance in 2016 was the income stream. The Scottish ministers had expected the continued operation of the plant, which employs around 100 people and was acquired from Rio Tinto for £330m by Gupta’s GFG Alliance that will safeguard jobs in the region and allow for a sustainable metal production sector in Scotland. It was further reported that the deal incorporated the commitment of a new aluminium wheel factory, which will create a further 2000 job opportunities, unfortunately, neither eventuated. The...
