The London Metal Exchange (LME) aluminium price chart recovered on the November 9 trading session, wish cash reporting nearly 1 per cent gain compared to the November 6 close. Longer-dated contracts and inventories, however, edged lower. The LME aluminium cash bid as well as offer prices gained 0.96 per cent day-on-day on November 9. The bid recovered from USD 3,115 per tonne to USD 3,145 per tonne. The offer price surged from USD 3,117 per tonne to USD 3,147 per tonne . Explore- Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The LME aluminium three-month bid price reported a 0.33 per cent rise from USD 3,049 per tonne on November 6 to USD 3,059 per tonne on November 9. The offer...
Last week, domestic spot alumina prices showed a trend of stabilising after the decline, while market trading activity was generally muted. On the supply side, domestic alumina operating capacity recently stood at about 99.5 million tonnes per year. Recently, an alumina plant in Henan carried out calciner maintenance; individual alumina plants in Guangxi faced short-term output constraints due to tighter safety controls; and a newly commissioned coastal alumina plant in Guangxi is still conducting product-quality commissioning. Entering the mid-to-late fourth quarter, some plants in both northern and southern China may adjust capacity. A large alumina producer in Shandong plans production-line technical upgrades, with the specific impact period to be tracked continuously; a large alumina...
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JW Aluminium, a leading producer of flat-rolled aluminium products, which are used in a wide variety of commercial and consumer applications based in South Carolina, USA, has successfully commissioned the Roll Grinding Machine and Roll Shop Equipment for the new Hot Rolling Mill towards the expansion plant. Tenova, under the Pomini brand, is a worldwide leader in the production of roll grinders, for rolls belonging to flat products mills and delivers also special machines for grinding of heavy pieces, was selected by JW Aluminium in 2018 for the supply of a new automatic grinding machine for work rolls and back-up rolls, of a combined chocking-dechocking machine and a chock tilter. The equipment was all designed to be used also with the rolls of the cold rolling lines already in operation...
Many northern regions in China are about to enter the heating season. This year is the final year of China’s three-year “Blue Sky” action plan. So, the Shanghai Metals Market has presented an analysis of the heating season on the aluminium and alumina industries based on relevant policies and specific measures issued in June 2020 by the Ministry of Ecology and Environment of China for Beijing, Tianjin and surrounding 26 cities. According to SMM, total 11 aluminium smelters are located in 2+26 city (Beijing-Tianjin-Hebei and surrounding areas + Fenwei Plain), which involves 9 cities in 4 provinces (Shanxi, Henan, Shandong and Shaanxi). The existing annual aluminium capacity in those 9 cities stands at 10.75 million tonnes, accounting for 24.8 per cent of China’s total existing annual...
Vedanta’s aluminium ingot and aluminium product prices have been raised significantly with effect from November 3, following back-to-back declines on October 28 and 30. The company has grown its aluminium ingot price by INR 4,750 per tonne or 3.16 per cent on November 3 from INR 150,250-163,250 per tonne on October 30 to INR 155,000-168,000 per tonne. Post the latest hike, Vedanta is now selling its aluminium wire rod at INR 162,500-170,000 per tonne versus INR 157,750-165,250 per tonne on October 30. This marks a growth of INR 4,750 per tonne as well. Vedanta’s aluminium billet price has come in at INR 163,000 per tonne, growing by 3 per cent from INR 158,250 per tonne on October 30. Vedanta links its aluminium product prices to the three-month futures of aluminium on the London Metal...
Québécois cider brand Michel Jodoin has expanded the market for its non-alcoholic apple musts with the launch of a new range. The apple must, which was available in a 750ml glass bottle format, are now available in Ardagh’s light and convenient 250ml slim can. “The company has made the most of the can’s 360° design possibilities by filling the can body space with its bold, charming designs which are bound to raise a smile, featuring a soon-to-be-iconic little cat getting up to various tricks,” Ardagh reported. The product names for each drink in the range are: ‘Fais Pas La Moue’ (‘don’t sulk’, and a play on ‘moût’, the French word for a must) is the classic apple must; ‘Litchi Litchi par-ci, Litchi Litchi par-là’ (‘lychees everywhere’ but also ‘a little lick here, a little lick there…’)...
The economy of Ivory Coast is stable and currently growing; however, the GDP of the nation is expected to reach $48.00 billion by the end of 2020, according to Trading Economics global macro models and analysts’ expectations. In the long-term, the Ivory Coast GDP is projected to trend around $54.00 billion in 2021 and $58.00 billion in 2022, according to our econometric models. The import of aluminium structures of the West African nation during 2018-19 has been recorded at 899 tonnes and the revenue expended for the import stood at $5.51 million. The import for 2020 is likely to reach at 685 tonnes and the expenditure to stand at $4.30 million. When the import volume and expenditure of 2020 gets assorted with the previous two years, it denotes 1584 tonnes and $9.81 million respectively....
Hindalco Industries Limited has extended the growth of its aluminium product prices with effect from Tuesday, November 3. The price of Hindalco’s aluminium wire rods has been raised by INR 1,750 per tonne from INR 166,350 per tonne to INR 168,100 per tonne, as of November 3. With the latest hike, the company’s aluminium billets price has come in at INR 164,100 per tonne, registering a hike of INR 1,750 per tonne as well from INR 162,350 per tonne. Hindalco’s aluminium ingot price has also been grown by INR 1,750 per tonne from INR 155,250 per tonne to INR 157,000 per tonne, as of November 3. Hindalco generally links its aluminium product prices to the three-month futures of aluminium on the London Metal Exchange, which in the last two days rose from US$ 1786 per tonne to US$ 1834.50 per...
On 2 nd November’20, Vickram Bharrat, Minister of Natural Resources, Guyana, announced that he has already met with investors those are looking to develop the Tarakuli bauxite deposit located just over 10 miles away from Orealla (East Berbice/Corentyne). Natural Resources Minister, Bharrat along with Minister of Agriculture, Zulfikar Mustapha visited Orealla and Siparuta on 2 nd November and met the residents. Bharrat during his opening remarks made the announcement that cheered the residents who gathered. “I met a few investors who are willing to come and develop the Tarakuli bauxite deposit. It is one of the largest bauxite deposits remaining in our country that is untouched”, Bharrat said. According to the minister, based on previous studies and information gathered, “The bauxite is of...
AEM Canada Group Inc. has reportedly announced that the design problems with its Cap Chat Plant’s Fluidized Bed Roaster and Calciner have been resolved successfully, while adding that commissioning ramp-up to the current design of 900 tpa High Purity Alumina (HPA) will continue for the rest of the year. AEM Canada has been refurbishing the Cap Chat plant since the past six months after acquiring it from Orbite Technologies Inc in April 2020. The engineering shortcomings in in the Fluidized Bed Roaster and Calciner are now rectified that were previously causing the plant to fail repeatedly. AEM Canada has also successfully completed post treatment of its HPA product in German trials to produce a very tight particle size distribution of superfine HPA in the range of 0.5 to 0.7 micron range....
Aluminium Bahrain (Alba) has launched ‘Safety Voice’ virtual campaign. The campaign comes as part of the company’s commitment to empower its Non-Management employees to voice-out their Safety messages via as well as adopt a bottom-up approach for Safety communication. The campaign was launched by Alba’s Chief Executive Officer Ali Al Baqali with a keynote presentation. Ali Al Baqali stressed on the workforce’s role to build a sustainable Safety culture for the generations to come. Alba’s CEO Ali Al Baqali commented: “What makes the ‘Safety Voice’ Campaign unique is that it provides our Non-Management employees -- being on the shop-floor and at the heart of Alba’s operations -- the opportunity to use their voice and accordingly be the changes the Company want to see when it comes to Safety...
Three-month LME aluminium climbed 1.24% to close at US$1,871 per tonne on Monday. SMM expects the contract to trade between US$1,850-1,890 per tonne today. As of Monday November 2, LME aluminium cash (bid) price stands at US$ 1834.50 per tonne, LME official settlement price stands at US$ 1834.50 per tonne; 3-months bid price stands at US$ 1839.50 per tonne, 3-months offer price is US$ 1839.50per tonne; Dec 21 bid price stands at US$ 1882 per tonne, and Dec 21 offer price stands at US$ 1882 per tonne. The LME aluminium opening stock stood at 1461025 tonnes. Live Warrants totalled 1219725 tonnes, and Cancelled Warrants were 241300 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1846 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to...
According to the Shanghai Metals Market, A00 aluminium ingot price in China has recorded a surge of RMB 100 per tonne on Tuesday, November 3, to stand at RMB 15,150 per tonne, marking the third consecutive day of rising since October 30. On November 2, the price opened the week with a hike of RMB 220 per tonne to exceed the level of RMB 15,000 per tonne. Today, the average A00 aluminium ingot price is expected to range between RMB 15,130 per tonne and RMB 15,170 per tonne, with spot contract to be traded at a premium price of RMB 140-180 per tonne, down by RMB 30 per tonne from the previous day. Among the major Chinese cities, Wuxi and Chongqing have seen the highest rise in A00 aluminium ingot price of RMB 90 per tonne to RMB 15,050 per tonne and RMB 15,060 per tonne, followed by an...
Manasa Prasad Mishra takes charge as the new Director - Projects & Technical for the Indian state-owned National Aluminium Company Limited (NALCO), a Navratna group ‘A’ CPSE Company. On 2 nd November’20, in a statement, it was said that Mishra was serving in the company as Executive Director of smelter and power complex at Angul, before the present assignment. Mishra, a Mechanical Engineering graduate from UCE Burla (now Veer Surendra Sai University of Technology), has begun his career in NALCO as a trainee engineer in 1984. Over more than three decades of service association with NALCO, Mr Mishra has served in various capacities in production and business development and has contributed significantly in the execution of various projects and plant operations, before he was promoted as...
Only 2 days to go to the much-awaited online conference organised by the International Bauxite, Alumina & Aluminium Society (IBAAS) on November 4-6, 2020. The conference will bring leading International experts in one platform to deliver excellent presentations on the latest topics of the aluminium industry. The registration process for the conference is on and is absolutely Free of Cost! Already 300 participants from 100 odd companies have registered for this online event. The two and half days' technical program is packed with high quality recorded presentations, with live questions and answers sessions. Speakers are from the Aluminium Stewardship Initiative (ASI), Hindalco, International Aluminium Institute (IAI), Vimetco, AKW, Worley, Metso, Outotec, Tokai Cobex, OSIsoft, Rain Carbon,...
Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC) has entered into a memorandum of understanding (MoU) with Russian Union of Producers, Suppliers and Consumers of Aluminium (RUSAL) for the co-operation in the development of aluminium production, consumption and technology transfer between both organisations, The Hitavada reported. Dr Anupam Agnihotri, Director, JNARDDC; Artem Asatur, Co-Chairman, RUSAL; M T Nimje, M J Chaddha, R N Chouhan, Dr Upendra Singh and Sanjay Wadodkar were present at the virtual meeting. Some of the agreements include: promoting exchange of experience in order to take practical steps to increase aluminium consumption; Assistance in information exchange and communications between the representatives of Russian and Indian aluminium...
Vedanta Resources, the globally diversified metal and mining company with its head office in London, United Kingdom, has been in the news for various reasons and the newest which has come up is the recent organisational changes that incorporates promoting Santosh Kumar as CMO - Asia & Oceania for Base Metals & Concentrate. Santosh Kumar, a seasoned technocrat, associated with Vedanta Group for 12 years, having a whooping proven track record in Sales & Marketing, business strategy & analysis, sourcing & procurement for commodities & capex's, Supply chain management, project execution and management, contract management to maximize business results. In his previous assignment in the organisation, he was heading the sales of the European Market for Vedanta’s aluminium business, where he...
Christian Bruch, Siemens Energy’s Chief Executive Officer, and Abdulnasser Bin Kalban, Emirates Global Aluminium’s CEO, have reportedly met to evaluate the progress of a very highly-efficient power generation facility under construction at EGA Jebel Ali site and discuss potential future cooperation. Siemens Energy is leading the construction of the power block project worth AED 1 billion. It will be the first in the global aluminium industry to use a Siemens Energy H-class gas turbine, a leading technology in efficient power generation. The facility will have a power generation capacity of over 600 megawatts of electricity. EGA generates electricity for use in its aluminium smelting and other industrial operations. Christian Bruch, CEO of Siemens Energy, said: “EGA is the largest power...
Australian Bauxite Ltd confirmed shipments of 33,915 tonnes of cement and fertiliser grade bauxites for three months to 30 September 2020. The Group’s available cash at the end of the quarter was $1.7 million and is currently is about $1.3 million. “Alcore’s Memorandum of Understanding with the Japanese global trading company Sojitz Corporation (Sojitz), which owns alumina assets in Australia, is already leading to potential business relationship with respect to AlF3,” the company said. Australian Bauxite delivered 509 tonnes of fertiliser grade bauxite from the Bald Hill Bauxite Project. The company received new orders for fertiliser grade bauxite as agricultural fertiliser demand rises as droughts break. “On-ground exploration was curtailed in Queensland and Tasmania by COVID-19 travel...
As per the 2020 index of economic freedom, Romania is ranked 21 st among 45 countries in the Europe region. Romania's economy to contract 3.8% in 2020 and return to 4.9% growth in 2021, as per Finance Ministry analysts. The National Prognosis Commission (CNP), an analyst unit within the finance ministry, said in a statement that Romania's gross domestic product (GDP) would total 1.058 trillion lei ($259 billion/219 billion euro) in 2020. The South-eastern European nation’s aluminium scrap export during 2018-19 recorded at 49,082 tonnes and the revenue generated during the phase stood at $49.11 million. The export for 2020 has been expected to stay at 27,029 tonnes and earnings to remain at $21.28 million. However, when the export volume and earnings of 2020 get assorted with the existing...
