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 1.08% to settle at US$2,488.5 per tonne in the overnight trading on Monday, with open interest losing 4,958 lots to 710,000 lots. On Tuesday, the price fell 1.55 per cent to end at US$ 2,450 per tonne in the overnight trading but increased the day next by 0.98 per cent to US$ 2,474 per tonne. On Thursday night, three-month LME aluminium decreased 4.41 per cent to end at US$ 2,352 per tonne. LME aluminium cash (bid) price and LME official settlement price trended down this week during June 14-18 by US$ 130 per tonne. The prices started the week on Monday, June 14, at US$ 2,504 per tonne, growing by US$ 14 per tonne from the previous day. But on Tuesday, June 15, both LME aluminium cash (bid) price and LME official settlement price decreased to 2,458.50 per...
SMM aluminium ingot price increased by RMB 140 per tonne on Tuesday, June 15 to stand at RMB 18970 per tonne. The price then declined to stand at RMB 18840 per tonne and RMB 18650 per tonne on June 16 and June 17, a drop of RMB 130 per tonne and RMB 190 per tonne. Aluminium price further reduced by RMB 100 per tonne on Friday, 18 June 2021 to close the week at RMB 18550 per tonne. The price is expected to move within a range of RMB 18530-18570 per tonne. China market was closed on Monday, 14 June 2021 for the Dragon Boat Festival holiday. As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, dropped this week. The stocks declined by 29,000 tonnes from the week before to 890,000 tonnes as of Thursday,...
According to a team of analysts at London-based business intelligence company CRU, China will need to shift to renewable energy for achieving carbon neutrality, particularly for the aluminium industry, where renewable power is expected to rise from the current 16 per cent to 27 per cent by 2030. China has pledged to achieve carbon neutrality by 2060 and peak carbon emissions by 2030. According to CRU, solar power has the largest potential for driving growth in the aluminium industry, while hydrogen energy is expected to be widely used in the steelmaking sector. CRU believes the key to peak carbon emissions is to reduce and control carbon emissions from both the demand and supply side of the commodities market. Carbon emissions from the steelmaking and aluminium smelting account for 98 per...
SMM aluminium ingot continued to decline to RMB 18550 per tonne on Friday, 18 June 2021, from RMB 18650 per tonne on June 17. That was down RMB 100 per tonne. The price is expected to move within a range of RMB 18530-18570 per tonne today. In Foshan and Wuxi, the price declined by RMB 130 per tonne and RMB 90 per tonne to stand at RMB 18850 per tonne and RMB 18555 per tonne on Friday, 18 June 2021. Aluminium prices in Hangzhou and Chongqing stood at RMB 18565 per tonne and 186100 per tonne, down RMB 105 per tonne and RMB 75 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi decreased to stand at RMB 18540 per tonne, RMB 18540 per tonne, RMB 18570 per tonne, and RMB 18530 per tonne on Friday, 18 June 2021. The aluminium alloy (ADC12) price reduced by RMB 100 per...
Three-month LME aluminium decreased 4.41 per cent to end at US$ 2,352 per tonne on Thursday night, with open interest losing 1,771 lots to 697,000 lots, and is expected to trade between US$ 2,320-2,420 per tonne today. LME aluminium cash (bid) price and LME official settlement price decreased for the third consecutive day, albeit slower than the previous day, by US$ 27 per tonne or 1.10 per cent to close at US$ 2,427.50 per tonne on Thursday, June 17. 3-months bid price and 3-months offer price stood at US$ 2,407 per tonne, down by US$ 54.50 per tonne from US$ 2,452.50 per tonne. Dec 22 bid price and Dec 22 offer price declined from US$ 2,436.50 per tonne on June 16 to US$ 2,395 per tonne on June 17. The LME aluminium opening stock rose from 1627225 tonnes to 1628800 tonnes. Live Warrants...
In early June 2021, TRIMET at its Voerde aluminium site engaged the freshly installed casting plant for the production of aluminium sows. The Voerde aluminium smelter with an attached anode factory is now capable to produce ingot metal itself. As yet, the site supplied its 99.9% pure electrolytic aluminium exclusively in liquid form to customers and the foundry at TRIMET's Essen site. Dr Andreas Lützerath, a member of the management board of TRIMET Aluminium SE, said: "The casting plant allows greater flexibility, enabling us to meet changing market requirements and customer demands even better. The high metal purity of the cast aluminium also meets the increasing demand from the processing industry." The new plant can cast 20 aluminium sows of 780 kilograms each in an hourly cycle and it...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, dropped this week. The stocks declined by 29,000 tonnes from the week before to 890,000 tonnes as of Thursday, 17 June 2021. The chart below shows the status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Wuxi and Nanhai reduced by 17,000 tonnes and 1,000 tonnes from last Thursday to stand at 347,000 tonnes and 231,000 tonnes on Thursday, 17 June 2021. Shanghai, Hangzhou and Tianjin stocks remained unchanged at 89,000 tonnes, 92,000 tonnes and 61,000 tonnes. Inventories of primary aluminium in Gongyi, Chongqing and Linyi stood at 54,000 tonnes, 3,000 tonnes and 13,000 tonnes on Thursday, 17 June...
Rio Tinto has announced the appointment of Peter Cunningham as Chief Financial Officer with immediate effect. Peter will be a part of the company’s Board as an executive director. Peter Cunningham has been Interim Chief Financial Officer since 1 January 2021, Rio Tinto said. Rio Tinto chief executive Jakob Stausholm said, “I am delighted to confirm Peter in the role and, having worked closely with him for a number of years, I know he is the ideal person to be our Chief Financial Officer. His detailed knowledge of the company and of the financial and non-financial drivers of our industry will be invaluable as we continue to strengthen Rio Tinto.” Rio Tinto chairman Simon Thompson said, "I look forward to Peter joining the Rio Tinto Board and know from experience that his deep understanding...
Three-month LME aluminium closed 0.98% higher at US$2,474 per tonne in the overnight trading, with open interest decreasing 19,280 lots to 699,000 lots. SMM expects the contract to trade between US$2,450-2,500 per tonne. As of Wednesday June 16, LME aluminium cash (bid) price stands at US$ 2454.50 per tonne, LME official settlement price stands at US$ 2454.50 per tonne; 3-months bid price stands at US$ 2452.50 per tonne, 3-months offer price is US$ 2452.50 per tonne; Dec 22 bid price stands at US$ 2436.50 per tonne, and Dec 22 offer price stands at US$ 2436.50 per tonne. The LME aluminium opening stock stood at 1627225 tonnes. Live Warrants totalled 1072200 tonnes, and Cancelled Warrants were 555025 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2436.29 per tonne....
A00 aluminium ingot price in China has decreased by RMB 190 per tonne as the news released that country would release primary aluminium from state reserves to ease the metal price rally. According to the Shanghai Metals Market, China’s primary aluminium ingot price has come in at RMB 18,650 per tonne as of Thursday, June 17, from RMB 18,840 per tonne on June 16. The average prices are expected to range between RMB 18,630 per tonne and RMB 18,670 per tonne, with spot contract to be traded at a premium price of RMB 0-40 per tonne. China is preparing to release 800,000 to 900,000 tonnes of primary aluminium from state reserves in early July as Shanghai primary aluminium price rose 20 per cent this year amid a strong rebound in demand from the COVID-19 outbreak. On June 17, primary aluminium...
China’s primary aluminium production fell month-on-month in May 2021 as restrictions on power consumption in the smelting hub of Yunnan forced production cuts, showed the National Bureau of Statistics on Wednesday, June 16. The world’s top producer of the metal produced 3.2 million tonnes in May, down 0.8 per cent from April’s record high output of 3.346 million tonnes but up 11.3 per cent on year. Daily average output in May stood 3.95 per cent lower at about 107,100 tonnes a day in May compared to 111,500 tonnes in April (30 days a month). Yunnan province in Southwest China was affected by severe drought last month, resulting in limiting its ability to generate electricity. It subsequently restricted aluminium producers’ power use, forcing some smelting capacity to be temporarily...
Vedanta has slashed its aluminium products price by more than 1% after marking a hike yesterday. With effect from Wednesday, 16 June 2021, the prices of some aluminium ingots have reduced by INR 3,500 per tonne to stand at INR 207,750-220,750 per tonne, from INR 211,250-224,250- per tonne on June 15. The billets price stands at INR 215,750 per tonne on Wednesday 16 June 2021, reflecting a drop of INR 3,500 per tonne from INR 219,250 per tonne on June 15. 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$ 2458.5 per tonne on Tuesday, June 15, down from US$ 2504 per tonne on June 14. Vedanta’s aluminium business typically accounts for one-third of the company’s...
SMM aluminium ingot price marked a decline after registering a hike for the fourth days in a row. The price dropped by RMB 130 per tonne to stand at RMB 18840 per tonne on Wednesday, 16 June 2021, from RMB 18970 per tonne on June 15. The price is expected to move within a range of RMB 18820-18860 per tonne today. In Foshan and Wuxi, the price declined by RMB 150 per tonne and RMB 125 per tonne to stand at RMB 18980 per tonne and RMB 18825 per tonne on Wednesday, 16 June 2021. Aluminium prices in Hangzhou and Chongqing stood at RMB 18830 per tonne and 18850 per tonne, down RMB 130 per tonne each. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi decreased to stand at RMB 18785 per tonne, RMB 18810 per tonne, RMB 18780 per tonne, and RMB 18790 per tonne on Wednesday, 16 June...
The Greek business magnate and the chairman of the board of directors of Mytilineos Holdings, Evangelos Mytilineos announced that the agreement of Mytilineos with the biggest electric power company in Greece, PPC for the new and last contract for the supply of electricity at Aluminum of Greece during the regular annual general meeting of the shareholders of the listed company. The Chairman and CEO of the organization outlined that the agreement was satisfactory for both parties, marking down it will last until 2023 and highlighted that it will be the final in the 60 years of operation of the factory in Agios Nikolaos, Boeotia. Evangelos Mytilineos said: “We are divesting from PPC, something we were afraid to do for years.” He further added that post-2023 the plant will cover the...
Three-month LME aluminium fell 1.55 per cent to end at US$ 2,450 per tonne in the overnight trading yesterday, with open interest increasing 8,499 lots to 718,000 lots, and is expected to trade between US$ 2,450-2,500 per tonne today. LME aluminium cash (bid) price and LME official settlement price decreased by US$ 45.50 per tonne or 1.82 per cent to settle at US$ 2,458.50 per tonne on Tuesday, June 15. 3-months bid price and 3-months offer price stood at US$ 2,449.50 per tonne, down by US$ 28.50 per tonne from US$ 2,478 per tonne. Dec 22 bid price and Dec 22 offer price decreased from US$ 2,456.50 per tonne on June 14 to US$ 2,428 per tonne on June 15. The LME aluminium opening stock declined from 1652850 tonnes to 1640200 tonnes. Live Warrants totalled 1097250 tonnes, while Cancelled...
Eccomelt LLC has announced the completion of an independent study that calculates both the corporate and product carbon footprint of eccomelt356.2, conducted by ClimatePartner GmbH, for the full calendar year 2019. The study provides further confirmation of the product’s extremely low carbon footprint. Climate Partner, a multi-national team of climate experts hailing from 20 countries, adheres to the most stringent standards when calculating the carbon footprint of their clients. The measurement is based on the world's most widely used “Greenhouse Gas Protocol Corporate Accounting and Reporting Standard” (GHG Protocol Corporate Standard). The standard covers Scope 1 & 2, direct and indirect emissions for both facilities, and the all-inclusive Scope 3 standard that covers all indirect...
Phinergy has received "Technology Pioneers” award from World Economic Forum. The company’s CEO, David Mayer, will now participate at World Economic Forum activities, events and discussions throughout the year. Phinergy will also be part of Forum initiatives over the next two years, working with global leaders to help address key industry and societal issues. The company’s technology, which originated at Bar-Ilan University in Israel, provides a clean, affordable way to extract the energy contained in metals such as aluminium and zinc. It is used for critical infrastructure (telecom sites, data centres, commercial and industrial centres), range extension and fast charging for electric vehicles, and low-cost storage for renewable solar and wind energy. "We're excited to welcome Phinergy to...
Leading global aluminium producer Rusal has applied to participate in the buyback of Nornickel shares, the world’s largest palladium and high-grade nickel producer and also a major producer of platinum and copper. Rusal is willing to participate in the repurchase of Nornickel shares to raise additional funds for financial its own investment programme. The Russian company is presently completing the construction of the Taishet aluminium smelter and preparing to rebuild the Krasnoyarsk, Irkutsk, Novokuznetsk and Bratsk aluminium smelters, which will require a capital investment of about US$5 billion to complete. The exact amount of Nornickel shares that will be repurchased by Nornickel from Rusal will be determined once the procedure is complete. Rusal expects that its stake in Nornickel...
