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...
Grow with
AL Circle
The LME complex performed similarly on Friday, with aluminium rose 1.93 per cent. LME aluminium cash (bid) price and LME official settlement price grew US$ 38.50 per tonne to close at US$ 2,519.50 per tonne on Friday, July 2. 3-months bid price and 3-months offer price rebounded to US$ 2,535 per tonne from US$ 2,497.50 per tonne on July 1. Dec 22 bid price and Dec 22 offer price increased from US$ 2,453 per tonne on July 1 to US$ 2,488.50 per tonne on July 2. LME aluminium opening stock decreased from 1568900 tonnes to 1562950 tonnes. Live Warrants totalled 934350 tonnes, while Cancelled Warrants stood at 628600 tonnes. LME aluminium 3-months Asian Reference Price rose from US$ 2511.05 per tonne to US$ 2517.59 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE opened...
The British metal magnate Sanjeev Gupta is in discussions with commodity trading house Glencore to refinance debt at his European aluminium business, a deal which would permit Gupta to retain control of one of his best assets. Sanjeev Gupta owned GFG Alliance employs around 35,000 people from the UK to Australia, has been struggling to restructure and refinance its debt after the collapse of its principal lender Greensill Capital. The Anglo-Swiss multinational commodity trading company, Glencore is in talks to refinance more than $500 million of debt towards the business of GFG Alliance’s aluminium arm, Alvance with assets in France and Belgium, as reported by our sources. Glencore’s agreement with GFG Alliance would empower Gupta to hold his chair as owner, invariance to a previous...
According to a report from the International Aluminium Institute this week, primary aluminium production in Africa grew 4.62 per cent month-on-month in May to stand at 136,000 tonnes. On a year-on-year calculation, the output stood 3,000 tonnes lower than 139,000 tonnes. In the first five months of 2021, primary aluminium production totalled 651,000 tonnes, down by 3.41 per cent from 674,000 tonnes a year ago. To know more: https://www.alcircle.com/news/primary-aluminium-production-in-africa-falls-4-62-m-o-m-to-136-000-tonnes-in-may-2021-67680 The United States Geological Survey reported that the US domestic primary aluminium production stood 4 per cent or 3,000 tonnes lower at 72,000 tonnes in April 2021, compared to 75,000 tonnes in March. On a year-on-year calculation, the output in...
LME aluminium cash (bid) price and LME official settlement price built-up US$ 61.50 per tonne this week ended on July 2. The week started on June 28 with an increase of US$ 7 per tonne in both LME aluminium cash (bid) price and LME official settlement price from US$ 2,451 per tonne to US$ 2,458 per tonne. On June 29, the prices surged to US$ 2,518.50 per tonne, which further expanded to US$ 2,523 per tonne on Wednesday, June 30. However, on Thursday, July 1, the prices plunged by US$ 42 per tonne to come in at US$ 2,481 per tonne. Nonetheless, they rebounded on Friday to end the week at US$ 2,519.50 per tonne. 3-months bid price and 3-months offer price increased by US$ 57.50 per tonne this week from US$ 2,477.50 per tonne to US$ 2,535 per tonne. Dec 22 bid price and Dec 22 offer price...
According to the Shanghai Metals Market, social inventories of primary aluminium gained 2,000 tonnes this week across eight major consumption areas, including SHFE warrants. Thus, the inventories came in at 876,000 tonnes as of Thursday, July 1. Last week on June 24, the inventories stood at 874,000 tonnes after falling by 16,000 tonnes from the previous week. The chart below shows the current status of primary aluminium inventories across China in more details: Among all the major Chinese cities, Nanhai and Gongyi have witnessed an increase of 12,000 tonnes and 1,000 tonnes, in primary aluminium inventories to 240,000 tonnes and 56,000 tonnes, respectively. Meanwhile, in Chongqing and Linyi, primary aluminium inventories have remained restrained at 3,000 tonnes and 13,000 tonnes,...
Vedanta has raised its aluminium products price by more than 1%. With effect from Thursday, July 1 2021, the prices of some aluminium ingots have risen by INR 3,750 per tonne to stand at INR 219,000-232,000 per tonne, from INR 215,250-228,250- per tonne on June 30. The billets price stands at INR 227,000 per tonne on Thursday, July 1 2021, reflecting an increase of INR 3,750 per tonne from INR 223,250 per tonne on June 30. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price on stood at US$ 2481 per tonne on Thursday, July 1, down from US$ 2523 per tonne on June 30. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a stake in...
SMM aluminium ingot continued to decline to RMB 18670 per tonne on Friday, 2 July 2021, from RMB 18730 per tonne, marking a drop of RMB 60 per tonne. The price is expected to move within a range of RMB 18650-18690 per tonne today. In Foshan and Wuxi, the price declined by RMB 30 per tonne and RMB 60 per tonne to stand at RMB 18780 per tonne and RMB 18680 per tonne on Friday, 2 July 2021. Aluminium prices in Hangzhou and Chongqing stood at RMB 18690 per tonne and 18670 per tonne, down RMB 45 per tonne and RMB 50 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi decreased to stand at RMB 18670 per tonne, RMB 18660 per tonne, RMB 18670 per tonne, and RMB 18610 per tonne on Friday, 2 July 2021. The aluminium alloy (ADC12) price reduced by RMB 50 per tonne to RMB 18100...
Three-month LME aluminium fell 0.55% to close at US$2,509 per tonne on Thursday. SMM expects the contract to trade between US$2,500-2,550 per tonne today. As of Thursday July 1, LME aluminium cash (bid) price stands at US$ 2481per tonne, LME official settlement price stands at US$ 2481per tonne; 3-months bid price stands at US$ 2497.50per tonne, 3-months offer price is US$ 2497.50per tonne; Dec 22 bid price stands at US$ 2453 per tonne, and Dec 22 offer price stands at US$ 2453 per tonne. The LME aluminium opening stock stood at 1568900 tonnes. Live Warrants totalled 941875tonnes, and Cancelled Warrants were 627025 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2511.05 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE decreased to stand at...
Europe’s single voice for the entire aluminium value chain, European Aluminium Association notified that Ingrid Jörg, President Aerospace and Transportation at Constellium, has been appointed as Chair Person of the association starting on 1st July 2021. European Aluminium represents more than 85 members with over 600 plants in 30 European countries, covering primary and secondary production as well as semi-fabrication. Ingrid Jörg will take over from Emilio Braghi, Senior Vice President and President at Novelis Europe, who chaired the association from January 2019 to June 2021. Mr Braghi served an extended term to support the planned transition to a new Chair during the COVID-19 crisis. Ingrid Jörg on being elected said: “I feel privileged to be elected Chair of European Aluminium, an...
National Aluminium Company Limited (NALCO) sharply increased its aluminium ingot and aluminium products prices by INR 9,600 per tonne or 4.6 per cent on Wednesday, June 30. That brought its aluminium ingot price at INR 212,850-216,350 per tonne in comparison with 203,250-206,750 per tonne on Friday, June 25. Aluminium wire rod price came in at INR 216,350-220,700 per tonne with effect from June 30 against INR 206,750-211,100 per tonne on June 25. NALCO’s aluminium billets price also saw a hike of INR 9,600 per tonne from INR 206,700-209,350 per tonne to INR 216,300-218,950 per tonne as of June 30. NALCO, like any other Indian aluminium producer, links its aluminium ingot and aluminium product prices to the three-month futures of aluminium on the London Metal Exchange, which after June 25...
Prebaked anode price in East China market has climbed by RMB 112.5 per tonne on Thursday, July 01, after remaining restrained since June 1. The price stands at RMB 4825 per tonne. It is likely to range at RMB 4300-5350 per tonne. Central China’s prebaked anode prices has also risen by RMB 75 per tonne to stand at RMB 4525 per tonne on Thursday, 01 July 2021. SMM aluminium ingot price has registered a drop for the third day in a row. The price has declined by RMB 50 per tonne to RMB 18730 per tonne on Thursday, 01 July 2021. The average price is expected to range between RMB 18710 per tonne and RMB 18750 per tonne. The aluminium alloys (ADC12) price stands at RMB 18150 per tonne, a decline of RMB 50 per tonne. The price is expected to range at RMB 18050-18250 per tonne. The prices of...
According to the data released by the United States Geological Survey for April 2021, US domestic primary aluminium production stood at 72,000 tonnes – 4 per cent or 3,000 tonnes less than 75,000 tonnes produced in March 2021. On a year-on-year calculation, the output edged 21.74 per cent or 20,000 tonnes lower than 92,000 tonnes. The daily average production in the said month was 2,410 tonnes, unchanged from that in March and 21 per cent less than in April 2020. Total aluminium recovered from scrap in April 2021 was 263,000 tonnes, 3.31 per cent down from 272,000 tonnes in March but 6.91 per cent up from 246,000 tonnes in April 2020. Of this, 145,000 tonnes was recovered from new scrap, while 119,000 tonnes from old scrap. In April, the United States average spot market primary aluminium...
Three-month LME aluminium decreased 0.36 per cent to end at US$ 2,523 per tonne on Wednesday, and is expected to trade between US$ 2,500-2,550 per tonne today. LME aluminium cash (bid) price and LME official settlement price extended growth by US$ 4.50 per tonne to close at US$ 2,523 per tonne on Wednesday, June 30. 3-months bid price and 3-months offer price stood at US$ 2,535 per tonne, up by US$ 2 per tonne from US$ 2,533 per tonne. However, Dec 22 bid price and Dec 22 offer price decreased from US$ 2,475 per tonne on June 29 to US$ 2,469.50 per tonne on June 30. LME aluminium opening stock grew from 1577175 tonnes to 1578075 tonnes. Live Warrants totalled 951875 tonnes, while Cancelled Warrants stood at 626200 tonnes. LME aluminium 3-months Asian Reference Price rose from US$ 2,519.91...
On 29th June 2021, the construction of the first commercial-scale prototype cells of ELYSIS’ inert anode technology commences at Rio Tinto’s Alma smelter in Saguenay-Lac-Saint-Jean, Quebec eliminating all direct greenhouse gases from aluminium smelting, which is considered a major step forward. The Honourable Francois-Philippe Champagne, Minister of Innovation, Science and Industry joined representatives from ELYSIS, Alcoa and Rio Tinto to mark the commencement of construction and announce a further $20 million financial contribution from the Government of Canada to support the project. The federal government's financial support will enable the creation of a unique commercial size inert anode technology showroom for future customers and will help develop the supply chain by involving...
Hindalco Industries Limited has reported a further rise in its aluminium ingot and aluminium products prices, with effect from Wednesday, June 30. In comparison with the price last day, Hindalco's aluminium ingot price surged by INR 5,750 per tonne to reach at INR 215,750 per tonne, as of June 30. During June 26-29, Hindalco's aluminium ingot selling price was INR 210,000 per tonne. Hindalco’s aluminium wire rod price has also witnessed a hike of INR 5,750 per tonne from INR 221,100 per tonne on June 26 to INR 226,850 per tonne on June 30. The company’s aluminium billets price has come in at INR 222,850 per tonne with effect from June 30, also up by INR 5,750 per tonne from INR 217,100 per tonne. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures...
The LME complex ended mostly higher on Tuesday, June 29, with aluminium rose 0.4 per cent. LME aluminium benchmark price gained 2.45 per cent. LME aluminium cash (bid) price and LME official settlement price surged by US$ 60.50 per tonne to come in at US$ 2,518.50 per tonne on Tuesday, June 29. 3-months bid price and 3-months offer price stood at US$ 2,533 per tonne, up by US$ 55.50 per tonne from US$ 2,477.50 per tonne. Dec 22 bid price and Dec 22 offer price increased from US$ 2,437 per tonne on June 28 to US$ 2,475 per tonne on June 29. LME aluminium opening stock further declined from 1586150 tonnes to 1577175 tonnes. Live Warrants totalled 941875 tonnes, while Cancelled Warrants stood at 635300 tonnes. LME aluminium 3-months Asian Reference Price grew from US$ 2,487.67per tonne to...
Welcome to “Day 2” of AlCircle Expo 2021. The event goes live at 9 AM GMT, and we look forward with pleasure to meet more attendees and explore more new business ideas throughout the day. As you know, AlCircle Expo 2021 is a virtual event designed to bring top-notch aluminium industry players from the entire value chain under one roof. When travel is still a constraint, AlCircle strives to offer an online platform where you can meet and greet your old and new customers, expand business networks, and bag some latest and exclusive insights into the industry. The event is driven by more advanced technology this year to enable participants build a stronger network. Besides video calls, exchange of digital business cards, brochures, and product demos, AlCircle Expo 2021 will feature more...
The leading metal producer of India, Vedanta Limited has floated an attractive offer for Micro, Small and Medium Enterprises (MSMEs) in the manufacturing industry observing the World MSME Week. As per the promotional statement, under the company’s Vedanta Saathi programme MSMEs can obtain a discount of INR 500 per tonne on the first 500 tonnes of purchase in Aluminium and on other company produced commodities, on a first come first served basis, while it has been highlighted that scheme will be active for this week only, ending 3rd July 2021. The eligibility criteria to avail this offer, MSMEs must have manufacturing operations in the metals business, with an actual manufacturing setup and must possess Udyog Aadhaar Number (UAN) and Registration Certificate. ''To avail the scheme and get...
