Vedanta Aluminium Metal Ltd is turning to captive bauxite supplies to manage rising raw material costs as a pricing dispute with its long-term supplier, Odisha Mining Corporation Ltd (OMCL), puts pressure on its procurement expenses. The company plans to begin production at its Sijimali bauxite mine in Odisha during the current financial year, targeting an initial output of 1 million tonnes. Vedanta received long-pending consent to operate the mine in September. Production is expected to increase to 5–6 million tonnes in FY28, with the captive resource anticipated to replace imported bauxite and reduce the company's dependence on external suppliers. The mine is expected to generate savings of approximately USD 25 per tonne, according to chief financial officer Anup Agarwal, who discussed...
LME aluminium stocks declined by more than half during the first nine months of 2026, falling by 267,875 tonnes from 509,250 tonnes on January 2 to 241,375 tonnes on September 30 (52.6 per cent). The decline continued throughout the period, with average warehouse inventories falling each month. Compared with the same period in 2025, monthly average stocks were lower across all nine months, with the gap widening in the third quarter. Q1 LME aluminium stocks fall 18.2 per cent LME aluminium inventories continued to decline during Q1 2026. Month-end stocks fell from 495,725 tonnes in January to 465,550 tonnes in February, before dropping further to 416,775 tonnes in March. Monthly average inventories stood at 498,670 tonnes in January, 481,801 tonnes in February and 440,710 tonnes in March....
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After rising the past two days in a row from RMB 2,064 per tonne to RMB 2,123 per tonne, the average alumina spot price in China has decided to remain restrained today, on April 22, according to Shanghai Metals Market. Even in the major markets in the east, central, north, and south China, the price has remained unchanged. While in the east and central, the alumina price is hovering at RMB 2,115 per tonne, in the north and south, the price is standing at RMB 2,135 per tonne and RMB 2,520 per tonne, respectively. The average prices in the east and central are expected to range between RMB 2,080-2,150 per tonne, as of April 22, and that in the north and south between RMB 2,100-2,170 per tonne and 2,490-2,550 per tonne, respectively. The A00 aluminium ingot price has also not recorded any...
Oldendorff Carriers Guyana Inc (OCGI), headquartered in Germany, declared the closure of its transhipment service in Guyana, post-Rusal’s majority-owned Bauxite Company closed down its operation. As a result of this decision, more than 130 workers were sent home. On 21 st April’20, Oldendorff Carriers Guyana Inc. said: “Unfortunately, OCGI’s customer in Guyana has decided to suspend and mothball its operation in Guyana and thus not to extend the operational contract with OCGI. Consequently, OCGI is forced to wind down operations in Guyana.” OCGI has been performing a barging and transhipments operation for bauxite exports on the Berbice River since 2005, but Oldendorff decided to wind up operations in Guyana after RUSAL sent home about 300 workers due to an unresolved labour dispute and...
The US dollar extended its increase on Tuesday. The dollar index, which tracks the greenback against a basket of other currencies, added 0.24% and finished at 100.19. LME base metals fell across the board overnight. LME aluminium lost 1%. Benchmark aluminium price on London Metal Exchange dropped further to close at US$1443.5 per tonne on Tuesday, April 21 down 0.55 per cent from the previous day’s close at US$1451.5 per tonne. As of Tuesday, April 21, LME aluminium cash (bid) price stands at US$ 1443.50 per tonne, LME official settlement price stands at US$ 1443.50 per tonne; 3-months bid price stands at US$ 1483.50 per tonne, 3-months offer price is US$ 1483.50 per tonne; Dec 21 bid price stands at US$ 1611.50 per tonne, and Dec 21 offer price stands at US$ 1611.50 per tonne. The LME...
South32 Ltd reported a 1% quarter-on-quarter rise in aluminium production in the March quarter. Aluminium production came in at 245,000 tonnes in 3Q20. Output stood at 741,000 tonnes in the nine months ended March 2020, from 737,000 tonnes in the nine months ended March 2019. That was up 1% year-on-year. Hillside Aluminium saleable production increased by 1% to a record 540,000 in the nine months ended March 2020 as the smelter continued to test its maximum technical capacity, despite the impact to production from load-shedding. In 3Q20, production stood at 178,000 tonnes, down 2% quarter-on-quarter. “As previously reported, FY20 production guidance has been withdrawn due to the uncertain impact of measures or restrictions that may be required to contain the spread of COVID-19,” the...
Isaac M. Tamir, Chairman of the T. T. Abraham Group, stated: “Mostar’s Aluminum Debt does not apply to the new Aluminum Industries Company, HZHB Elektroprivreda utility company stated that the payment of the electricity consumed debt is an integral part of Mostar’s restructuring plan." Elektroprivreda HZ HB reminds that Mostar’s debt to this company amounts to almost $166 million and that the last payment for this debt was received by Elektroprivreda HZ HB during the last year. <iframe width="500" height="300" src="https://www.youtube.com/embed/JxeeqCAN4GU" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> Elektroprivreda HZHB stated: “Aluminum Mostar’s debt does not call into question the survival and operation of...
Canyon Resources Limited has reportedly appointed a new Chief Financial Officer and Company Secretary named Nick Allan with an immediate effect. The appointment of Mr Allan followed the resignation of John Lewis, the former CFO/Joint Secretary of Canyon Resources. Nick Allan is a chartered accountant and comes with more than 25 years’ experience in commerce, corporate advisory and public practice. He previously worked with several ASX-listed public companies as the chief financial officer and company secretary. Early last month, Canyon had appointed senior bauxite executive Rick Smith as Chief Development Officer of the company. Mr Smith focuses on supply chain, offtake, and strategic partner negotiations for Canyon’s Minim Martap Bauxite Project in Cameroon. He joined Canyon with more...
According to the data shown by the United States Geological Survey, the US in January 2020 imported 7,470 tonnes of aluminium plates, sheets and bars from Saudi Arabia. In December 2019, the US aluminium semi-finished product imports from Saudi Arabia were 10,300 tonnes, meaning the imports in January this year stood down by 27.48 per cent month-on-month. In November 2019, the country’s imports from Saudi Arabia were also at 10,300 tonnes. In October, the import amount was at 6,430 tonnes, down by 60.19 per cent from November and December 2019 and by 16.17 per cent from January 2020. Thailand was the next highest exporter of aluminium plates, sheets and bars exports to the US in January 2020, providing 4,550 tonnes. In the earlier month, the United States had imported, 4,150 tonnes of...
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In the present time, aluminium is a widely used metal in various industries. The metal is lightweight, easy to process, and corrosion-resistant. Aluminium consumption is growing year by year. It is facilitated by the development of aluminium production technologies and the expansion of its scope. It is difficult to overestimate the importance of aluminium scrap market for the growing needs of the global aluminium production. The more aluminium is consumed by a country for production of goods or purchase of aluminium-containing products, the more aluminium scrap and waste are obtained after their use. As usual, aluminium scrap and waste are recycled domestically or exported to other countries depending on the needs. Aluminium can be recycled to infinity. Germany’s aluminium export stands...
Global primary aluminium production came in at 5.477 million tonnes in March, representing an increase of 1.52% from 5.395 million tonnes in March 2019, according to the latest data showed by the International Aluminium Institute (IAI) on Monday 20 April 2020. On a month-on-month comparison, aluminium production rose by 6.45% from 5.145 million tonnes. Aluminium production totalled 16.072 million tonnes in the first three months of 2020, up by 2.1% from 15.742 million tonnes in the first three months of 2019. In Asia ex-China, aluminium production declined by 7.94% year-on-year but up 3.88% month-on-month to 348,000 tonnes in March. Output in January-March stood at 1.036 million tonnes, a decrease of 5.47% from 1.096 million tonnes in January-March 2019. In the Middle East, primary...
The fight against COVID-19 is nowadays a global concern, and therefore, a priority for States and socio-professional organizations. Elite Mining Guinea SA offered a large batch of sanitary kits to the National Health Security Agency and food supplies to the communities impacted by its activities in the field. This donation is made up of 100 COVID-19 rapid test molecules for the ANSS, 5 tonnes of rice, 20 boxes of soap and 10 Thermo flashes for the communities impacted by this mining project. Alpha Boubacar Sow, CEO, Elite Mining Guinée SA said: “This humanitarian gesture is part of support desired by the government and respect for social and community partnership.” Alpha Boubacar Sow also said: “In the mines, we have what we call social and community partnership. We cannot evolve in a...
The average spot alumina price has extended growth by RMB 8 per tonne on Tuesday, 21 April 2020. The price now stands at RMB 2123 per tonne. The alumina prices remain unchanged across all major markets in China, except North market. The average price of Alumina-North has increased by RMB 10 per tonne to stand at RMB 2135 per tonne. The average price is expected to range at RMB 2100-2170 per tonne. The prices in East, Central and South markets remain unchanged at RMB 2115 per tonne, RMB 2115 per tonne and RMB 2520 per tonne. After a continuous rise for the past eight days in a row, A00 aluminium ingot price has declined by RMB 240 per tonne from its earlier price to RMB 12260 per tonne today. The price is expected to move within a range of RMB 12240-12280 per tonne. Spot aluminium contract...
Jean-Sébastien Jacques, CEO, Rio Tinto has stated that meeting the company’s ambitious emission targets would not be possible without using its impact on the downstream customers. Jacques, while speaking in Rio Tinto’s climate and water seminar, said that achieving the targeted zero net carbon emissions by 2050 requires a synergetic effort across the company’s value chain. <iframe width="500" height="300" src="https://www.youtube.com/embed/xmzWxQSf9NE" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> Rio Tinto aims by 2030 to decrease its thorough emissions by 30% to achieve the net-zero. The company plans to invest a billion dollars over the next five years on climate-related projects. Jacques said: “Our approach to...
Vedanta’s Lanjigarh alumina refinery has extended its support to the Government and District Administration for the fight against COVID19 by providing Personal Protection Equipment (PPEs) to the medical staff of the COVID hospital in Bhawanipatna. The unit has also given 60,000 surgical gloves, 25,000 surgical masks, and 6,000 bottles of sanitisers to the hospital. Appreciating this gesture, the hospital authorities and the district administration said that industries like Vedanta are playing a significant role in the fight against the global pandemic through their CSR contributions. Vedanta’s 20-bedded hospital is now in a state of preparedness for COVID19 to support the district administration. A 24×7 telephonic helpline has been set up by the hospital to address any queries or concerns...
Aiming at expanding your aluminium semi-finished business or diversify into a new industrial sector? Looking at investing in aluminium flat rolled production plant? Then AlCircle is here to help you with all the necessary information on a complete aluminium foil plant in Germany, which is on SALE! The plant is equipped with very well-maintained and high-quality German and European machinery used for the aluminium foil production, and is known to serve clients from the Aluminium Foil Industry across the globe. Achenbach Foil Rolling Mill Department Machines are used at the plant, tailored to the specific operation purpose to reliably produce best foil qualities even at maximum rolling speeds, maximum rolling widths, and highest coil weights. Besides, the plant features 4-high rolling...
The US dollar was slightly higher on Monday as plunged oil prices weighed on oil-linked currencies and as investors braced for a tough quarter ahead. Investors also awaited the outcome of a European Union summit this week on how to tackle economic fallout from the coronavirus crisis. The dollar index, which tracks the greenback against a basket of other currencies, climbed 0.24 per cent and ended at 99.902. Three-month LME aluminium closed flat on the day (Monday) at US$ 1,505 per tonne, after dipping to a session low at US$ 1,487 per tonne. Weak fundamentals and chaos in oil markets will likely depress LME aluminium to US$ 1,480-1,515 per tonne today. As of Monday, April 20, both LME aluminium cash (bid) price and LME official settlement price have recorded a sharp decline of US$ 31 per...
Electric vehicle sales in India have reportedly recorded a growth of 20 per cent to 156,000 units in the financial year 2019-20, largely driven by the sales of electric two-wheelers that form bulk of the nascent industry. Of 156,000 units, electric two-wheelers sales accounted for 152,000 units during the fiscal, up 20.7 per cent from the last year, while electric cars accounted for 3,400 units, down from 3,600 units in the year ago. Electric bus sales were 600 units compared to 400 units in the financial year 2018-19. Of the electric two-wheelers sold in FY20, 97 per cent were electric scooters, and the remaining 3 per cent were motorcycles and electric cycles. Industry body Society of Manufacturers of Electric Vehicle estimates the e-rickshaw sales at around 90,000 units during the...
New-car sales in Europe’s major markets in March dwindled by 52 per cent, attributing to the lockdowns imposed for the containment of COVID19, showed a data on Friday, April 17. Registrations dropped to 853,077 vehicles in the European Union, Britain, and the European Free Trade Association (EFTA) countries, marking the lowest since 1990 when ACEA started compiling data. Similar slumps have been found in China and the US as well. April is likely to look no better as car plants have remained idle and government-imposed lockdowns aggravate the economic downturn that looks set to outstrip the 2008/09 financial crisis. ACEA commented, "With containment or lockdown measures taking hold in most markets from around the middle of the month, the vast majority of European dealerships were closed...
Technology has been developed by a small company in Quebec, Canada, that makes it possible to eliminate for years all the viruses that can be found on surfaces with frequent contact. Guy Leblanc, Vice-President and Medical Advisor said: “A3 Surfaces has designed a process that incorporates and seals an antimicrobial agent in aluminium. We were topical before COVID-19, we are even more today.” In 2009, the product of academic work by two students, Maxime Dumont and Jocelyn Lambert, the technology targeted bacteria that often swarm in hospitals, such as C. difficile. <iframe width="500" height="300" src="https://www.youtube.com/embed/Oq0eUPvDsac" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> Guy Leblanc also said:...
