China Aluminum Inventories Grow for 9 Weeks, and Rio Tinto to Cut Output 14 percent at Australian Aluminum Smelter

Published: Mar 06, 2017 09:37 (GMT+8)

Save

Inventories of aluminum ingot in China’s five major trading markets climbed above 1 million mt as of March 2, Shanghai Metals Market data show.

SHANGHAI, Mar. 6 (SMM) – Inventories of aluminum ingot in China’s five major trading markets climbed above 1 million mt as of March 2, Shanghai Metals Market data show.

Chinese Aluminum Smelters Register Decent Profits in 2016 on Surging Prices, SMM Reports

The inventories in the five markets, namely Shanghai, Wuxi, Hangzhou, Gongyi, and Nanhai, grew for 9 weeks in a row, and the level of inventories in those regions have been far higher than the level seen the same period of last year, according to SMM data.

In other news, Rio Tinto announced last Friday a 14 percent cut in aluminum production at Gladstone’s Boyne Smelters in Australia. The cut decision was due to a failure to agree a competitive power contract, the company said.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

aluminum prices china aluminum market aluminum inventory

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

9 mins ago

Borneo Alumina Hits Record 91,793 mt Alumina Shipments in September 2026, Up 66% from August

[SMM Aluminum Express News] Borneo Alumina Indonesia records highest monthly alumina shipments in September 2026, reaching 91,793 mt. PT Borneo Alumina Indonesia (BAI), a subsidiary of Indonesia's state-owned mining group MIND ID through ANTAM and INALUM, reported alumina shipments of 91,793 mt in September 2026, up 66% from 55,267 mt in August. September marked the company's highest monthly shipment volume, with 61.89% delivered to the domestic market and 38.11% exported. BAI's cumulative alumina shipments reached 546,667 mt in 2026 through September, highlighting increasing commercial activity at its 1 million mt/year Smelter Grade Alumina Refinery (SGAR) in Mempawah, West Kalimantan. Based on September's distribution, approximately 56,811 mt was supplied domestically, while 34,982 mt was exported. The increase indicates stronger alumina deliveries, although shipment volumes should not be interpreted as refinery production volumes.

9 mins ago

24 mins ago

30,000 mt Alumina Traded at $426/mt FOB Brazil for November Shipment

Alumina transaction: On October 9, 2026, 30,000 mt of alumina was traded at $426/mt FOB Brazil for November shipment.

24 mins ago

13 hours ago

Vietnam's Lam Dong Aims to Expand Alumina Production and Strengthen Bauxite-to-Aluminium Industry

[SMM Aluminum Express News] Vietnam's Lam Dong province seeks to expand alumina production and strengthen its integrated bauxite-to-aluminium industry. At the 2026 National Mining Science and Technology Conference held on October 9 at Lam Dong Aluminium Company, state-owned Vietnam National Coal and Mineral Industries Group (TKV) outlined plans to expand alumina processing and develop higher-value aluminium production. TKV currently operates the Tan Rai and Nhan Co alumina complexes, each with a design capacity of 650,000 mt/year, which commenced operations in 2013 and 2017, respectively. The two facilities had produced nearly 15 million mt of alumina cumulatively by June 2026.

13 hours ago