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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The Russian government’s press service has confirmed that the aluminium produced in Russia will be imposed with an export duty of 15% plus $254 per tonne from 1st August through 31st December. On 25th June 2021, Russian Prime Minister Mikhail Mishustin signed an official decree towards the approval of export duties on 340 non-ferrous and steel products. Primary aluminium, under harmonized system code 760110, will also be taxed. Products like aluminium bar, rod and profiles were not targeted, while some specific aluminium alloys were included in the list. The export tariff bears a 15% base rate and a specific rate of $254 per tonne. In recent years, Russia is not very much considered a major supplier of primary aluminium to North America. Alternatively, it had been selling mainly...
National Aluminium Company Limited (NALCO) increased its aluminium ingot and aluminium product prices with effect from Friday, June 25. NALCO’s aluminium ingot price saw a hike of INR 3,800 per tonne or 1.9 per cent from INR 199,450-202,950 per tonne on June 22 to INR 203,250-206,750 per tonne on June 25. NALCO’s aluminium wire rod price came in at INR 206,750-211,100 per tonne, also up by INR 3,800 per tonne from INR 202,950-207,300 per tonne. NALCO’s aluminium billets price also increased by INR 3,800 per tonne from 202,900-205,550 per tonne to INR 206,700-209,350 per tonne. NALCO, like any other Indian aluminium producer, links its aluminium ingot and aluminium product prices to the three-month futures of aluminium on the London Metal Exchange, which after June 22 increased by US$ 41...
The wait is over, the day has come, AlCircle Expo 2021 goes live today at 9:00 AM GMT. We are electrified to welcome the global aluminium value chain associates under one roof. AlCircle Expo 2021 is a virtual platform where you can expand your business networks, meet and greet old and new clients, explore new business ideas and share success stories. So travel restriction should not be a concern now? Experience a real live event at AlCircle Expo 2021. Given below is the final list of exhibitors & sponsors of AlCircle Expo 2021: If you have not registered so far for AlCircle Expo 2021, hurry up and visit https://live.alcircleevents.com/registration/99163627/5 to register now to attend the event. The registration process is still open and is FREE. AlCircle Expo 2021with more than 1000+...
A00 aluminium ingot price in China has dropped by RMB 10 per tonne on Tuesday, June 29, after the two consecutive days of hike, found the Shanghai Metals Market. The price is thus standing at RMB 18,820 per tonne, with average prices expected to range between RMB 18,800 per tonne and RMB 18,840 per tonne. The spot contract is likely to be traded at a premium price of RMB 40-0 per tonne. In Wuxi and Chongqing, A00 aluminium ingot price has declined by RMB 35 per tonne to stand at RMB 18,790 per tonne and RMB 18,810 per tonne, while the price in Gongyi and Hangzhou has fallen by RMB 30 per tonne to come in at RMB 18,700 per tonne and RMB 18,800 per tonne, respectively. In Tianjin and Linyi, primary aluminium ingot price has dropped by RMB 20 per tonne to RMB 18,780 per tonne and RMB 18,810...
On 28th June 2021, National Aluminium Co Ltd (Nalco), one of the largest integrated primary producers of aluminium in Asia has reported a nine-fold leap in consolidated profit at INR 935.74 crore for the quarter ended 31st March 2021, powered by strong operational performance and favourable prices. While filing to BSE, Nalco said: “The Company had posted a consolidated profit of INR 100.51 crore in the year-ago period.” The company owned by the Ministry of Mines, Government of India, Nalco’s consolidated income rose to INR 2,874.47 crore when compared to INR 2,042.27 crore in the year-ago period. Sridhar Patra, CMD, Nalco said: "After the peak period of COVID-19 outbreak and with the opening of the markets, we witnessed a significant recovery in the second half of the financial year of...
Three-month LME aluminium rose 1.46 per cent to close at US$ 2,531 per tonne on Monday. It is expected to trade between US$ 2,480 per tonne and US$ 2,550 per tonne today. LME aluminium cash (bid) price and LME official settlement price increased by US$ 7 per tonne to come in at US$ 2,458 per tonne on Monday, June 28. 3-months bid price and 3-months offer price stood at US$ 2,477.50 per tonne, up by US$ 7.5 per tonne from US$ 2,470 per tonne. However, Dec 22 bid price and Dec 22 offer price decreased from US$ 2,443 per tonne on June 25 to US$ 2,437 per tonne on June 28. LME aluminium opening stock further declined from 1596450 tonnes to 1586150 tonnes. Live Warrants remained restrained at 941875 tonnes, while Cancelled Warrants stood dropped to 644275 tonnes. Meanwhile, LME aluminium...
On 28th June 2021, Sanjeev Gupta-owned GFG Alliance stated that it is advancing towards a major restructuring, which will allow it to pay back creditors, following the collapse of its principal lender Greensill Capital in March. The statement added: “This, in turn, will allow GFG to refocus its business, protect jobs and develop further its remaining assets.” The commodity group has been under stress to look out for refinancing its cash-starved nexus of businesses in aluminium, steel, and energy after lending firm Greensill filed for insolvency. Sanjeev Gupta’s GFG said: “The Company had agreed on a framework with Greensill Bank’s administrators for positive direct engagement to achieve an amicable resolution.” The announcement came following GFG and Credit Suisse said in the previous...
Primary aluminium production in Africa stood at 136,000 tonnes in May 2021, reflecting an increase of 4.62 per cent month-on-month, found the International Aluminium Institute’s latest data. In April, primary aluminium output in Africa was 130,000 tonnes – only 1,000 tonnes less than 131,000 tonnes in the previous month. In the last three months of 2021, Africa produced 397,000 tonnes. On a year-on-year calculation, primary aluminium production in Africa stood 3,000 tonnes lower in April 2021 compared to 139,000 tonnes. In the first five months of 2021, primary aluminium production came in at 651,000 tonnes, down by 3.41 per cent from 674,000 tonnes a year ago. Worldwide primary aluminium production stood at 5.744 million tonnes –less 3.63 per cent month-on-month than 5.543 million tonnes...
Only one more day to go to the “ AlCircle Expo 2021 ” and we cannot keep calm. We are excited to welcome you all to the event on June 29 & 30 where you can expand your business networks, meet and greet old and new customers, explore new business ideas and share success stories. So what if travel is still a constraint? Experience a real live in experience in this Expo. Given below is the list of confirmed exhibitors & sponsors of AlCircle Expo 2021. Like the prior event, the expo 2021 is also aimed at bringing the aluminium industry leaders and partners from the entire value chain of aluminium under one roof virtually, driven by more advanced technology to enable them to build a stronger network. Besides video calls, exchange of digital business cards, brochures, and product demos,...
Three-month LME aluminium rose 2.23 per cent to close at US$ 2,494.50 per tonne on Friday. It is expected to fluctuate between US$ 2,440 per tonne and US$ 2,500 per tonne today. LME aluminium cash (bid) price and LME official settlement price jumped US$ 53.50 per tonne to come in at US$ 2,451 per tonne as of Friday, June 25. 3-months bid price and 3-months offer price stood at US$ 2,470 per tonne, up by US$ 46 per tonne from US$ 2,424 per tonne. Dec 22 bid price and Dec 22 offer price increased from US$ 2,406 per tonne on June 24 to US$ 2,443 per tonne on June 25. LME aluminium opening stock further declined from 1609100 tonnes to 1596450 tonnes. Live Warrants totalled 941875 tonnes, while Cancelled Warrants stood at 654575 tonnes. Meanwhile, LME aluminium 3-months Asian Reference Price...
According to the Shanghai Metals Market, A00 aluminium ingot price has extended growth by RMB 60 per tonne to come in at RMB 18,830 per tonne on Monday, June 28. The average prices are expected to range between 18,810 per tonne and RMB 18,850 per tonne, with spot contract to be traded at a premium price of RMB 30-10 per tonne. In Wuxi and Shenyang, A00 aluminium ingot price has gained RMB 55 per tonne to stand at RMB 18,825 per tonne and RMB 18,810 per tonne, respectively, on June 28. The price in Chongqing and Linyi has built-up RMB 50 per tonne to close at RMB 18,850 per tonne and RMB 18,830 per tonne, while the price in Tianjin has increased by RMB 40 per tonne to come in at RMB 18,800 per tonne. In Gongyi and Hangzhou, primary aluminium ingot price has inched up by RMB 20 per tonne...
World primary aluminium market marked some significant events this week. To start with Hydro Husnes has resumed full operation for the first time in more than a decade. CEO Hilde Merete Aasheim, the mayor of Kvinnherad Municipality, and representatives from Industri Energi and Norsk Industri visited Hydro this week to mark the full operation of the plant with their presence. 200 electrolysis cells are now put into operation for producing 195,000 tonnes of aluminium per year. To know more: https://www.alcircle.com/news/hydro-husnes-back-at-full-capacity-200-electrolysis-cells-to-produce-195-000-tonnes-of-aluminium-put-into-operation-67650 On June 22, Vedanta stated that the coal block which has been allotted would deliver fuel security, enhance power availability and also strengthen the...
Hindalco Industries Limited increased its aluminium ingot and aluminium products prices back-to-back with effect from June 23 and June 24. Hindalco is at present selling its aluminium ingot at INR 205,500 per tonne with effect from June 24 after increasing it by INR 1,750 per tonne from the previous day. On June 23, Hindalco’s aluminium ingot price stood at INR 203,750 per tonne, up by INR 1,500 per tonne from INR 202,250 per tonne on June 22. Hindalco’s wire rod price also grew by INR 1,750 per tonne to come in at INR 216,600 per tonne on June 24. On June 23, the price stood at INR 214,850 per tonne against INR 213,350 per tonne on the previous day. The company’s aluminium billets price stood at INR 212,600 per tonne on June 24, also up by INR 1,750 per tonne. On June 23, the price was...
A00 aluminium ingot price in China has rebounded to US$ 18,770 per tonne on Friday, June 25, by gaining RMB 110 per tonne. On the previous day, June 24, the price decreased from US$ 18,770 per tonne to US$ 18,660 per tonne. The average prices are expected to range between 18,750 per tonne and RMB 18,790 per tonne, with spot contract to be traded at a premium price of RMB 20-20 per tonne. Except in Foshan, the growth in A00 aluminium ingot price has touched upon all the major Chinese cities today. In Gongyi and Linyi, primary aluminium ingot price has edged up by RMB 110 per tonne to stand at RMB 18,710 per tonne and RMB 18,780 per tonne, respectively. Hangzhou has seen the highest increase of RMB 170 per tonne to RMB 18,820 per tonne, followed by a hike of RMB 130 per tonne in Shenyang to...
Three-month LME aluminium closed 0.25 per cent higher at US$ 2,440 per tonne on Thursday night, with open interest down 9,400 lots to 685,000 lots, and is expected to trade between US$ 2,400-2,460 per tonne today. LME aluminium cash (bid) price and LME official settlement price grew for the third consecutive day by US$ 11 per tonne to come in at US$ 2,397.50 per tonne as of Thursday, June 24. 3-months bid price and 3-months offer price stood at US$ 2,424 per tonne, up by US$ 8 per tonne from US$ 2,416 per tonne. Dec 22 bid price and Dec 22 offer price increased from US$ 2,397.50 per tonne on June 23 to US$ 2,406 per tonne on June 24. LME aluminium opening stock decreased further from 1616325 tonnes to 1609100 tonnes. Live Warrants totalled 942075 tonnes, while Cancelled Warrants stood at...
On 24th Jun2 2921, the officials of the largest country in the world, Russia said that the government is gearing to impose new export taxes for aluminium, steel products, nickel and copper which will cost their producers $2.3 billion between 1st August and 31st. Russia wants to safeguard its defence and construction industries from a further rise in raw materials costs as prices for metals has boomed at a global high level. Andrei Belousov, First Deputy Prime Minister, said: “Our economy is not ready for the kind of avalanche-like shock transfer of global prices to the domestic market that we have seen over the past year.” “The increase in domestic prices for certain metals ranged from 60% to 100%.” Maxim Reshetnikov, Economy Minister said: “Moscow will use the August to December period,...
According to the Shanghai Metals Market, China’s social inventories of primary aluminium have continued to decline this week ending on Thursday, June 24. SMM data found the inventories fell 16,000 tonnes to come in at 874,000 tonnes compared to 890,000 tonnes last week on June 17. The chart below shows the current status of primary aluminium inventories across China in more details: In Wuxi, primary aluminium inventories have decreased by 17,000 tonnes from 347,000 tonnes last week to 330,000 tonnes on June 24. In Nanhai and Hangzhou, the inventories have declined by 3,000 tonnes and 1,000 tonnes to stand at 228,000 tonnes and 91,000 tonnes, respectively. Meanwhile, in Shanghai, primary aluminium inventories have grown 3,000 tonnes to stand at 92,000 tonnes, while the inventories in...
Three-month LME aluminium increased 0.33 per cent to close at US$ 2,433 per tonne in the overnight trading yesterday, with open interest down 1,541 lots to 694,000 lots, and is expected to trade between US$ 2,400-2,460 per tonne today. LME aluminium cash (bid) price and LME official settlement price extended growth by US$ 11 per tonne to come in at US$ 2,386.50 per tonne as of Wednesday, June 23. 3-months bid price and 3-months offer price stood at US$ 2,416 per tonne, up by US$ 13 per tonne from US$ 2,403 per tonne. Dec 22 bid price and Dec 22 offer price increased from US$ 2,387 per tonne on June 22 to US$ 2,397.50 per tonne on June 23. LME aluminium opening stock decreased from 1623850 tonnes to 1616325 tonnes on June 23 after an intermediate increase in the previous day. Live Warrants...
