Russian-origin metal made up almost all available aluminium stocks in London Metal Exchange (LME) warehouses at the end of October (99.98 per cent), with Indian-origin aluminium accounting for the remaining 50 tonnes, according to exchange data. Total available, or on-warrant, aluminium inventories declined 4 per cent month on month to 216,950 tonnes, their lowest level since March 2025. Russian-origin stocks fell by 9,725 tonnes to 216,900 tonnes during October, but their share of available inventories remained almost unchanged. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook " Although Russian aluminium produced before April 13, 2024, remains...
LME aluminium prices strengthened across cash, three-month and December 27 contracts on November 11, 2026, as declining exchange inventories and constraints on immediate metal availability continued to support the market. The cash offer price rose 2.76 per cent to USD 3,223.5 per tonne , compared with USD 3,137 per tonne on November 10. The cash bid price also increased by 2.81 per cent, reaching USD 3,223 per tonne from USD 3,135 per tonne in the previous session. The LME aluminium three-month bid price advanced 1.22 per cent to USD 3,062 per tonne from USD 3,025 per tonne, while the corresponding offer price climbed 1.22 per cent to USD 3,064 per tonne from USD 3,027 per tonne. Similarly, the December 27 bid price rose 0.96 per cent to USD 2,930 per tonne, compared with USD 2,902 per...
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In the opinion of Russian oligarch Oleg Deripaska, his automaking company GAZ could be forced to close by the summer if the United States does not revome the sanctions. Perhaps, July 4 could be the last working day for the company, said Deripaska to journalists during an organised visit on Tuesday, April 16, to the auto giant’s sprawling plant. He particularly said, “If the factory is not able to return to normal business after Jul 4, then there is no chance it can survive." The US Treasury has lifted sanctions against EN+ group, Rusal aluminium giant and EuroSibEnergo Power Company as Deripaska has ceded control of those companies. But since the businessman is yet to cede his control of GAZ, the US has not removed the sanctions against it until now. However, according to Deripaska, the...
Altech Chemicals Limited announced that the company hosted inaugural investor and stakeholder visit to the site of its high purity alumina (HPA) plant in Johor, Malaysia. Altech Managing Director Iggy Tan provided an update that covered the stage 1 construction plan; the status of project financing, corporate funding and the option to introduce a joint venture partner at project level; the plan to initiate stage 2 construction. The site visit concluded with a site safety briefing and induction by the appointed EPC contractor SMS group. “Stage 1 construction of the HPA plant commenced in late February 2019 and attendees were able to observe first-hand the progress made during the short 9-week period since the initiation of site works,” the company said. Also present at the visit were...
According to the latest report from US Geological Survey, US primary aluminium production in January 2019 was 95,000 tonnes. The production registered a 43% increase from January 2018 and 52% more than January 2017. Canada’s production stood at 242,358 tonnes and total North American production (U.S. and Canada) stood at 337,358 tonnes. The Aluminum Association, in cooperation with the Aluminium Association of Canada, reported primary aluminium production in North America (U.S. and Canada) in February was 308,643 tonnes. Canada’s production stood at 219,188 tonnes while production in the US stood at 89,455 tonnes. The US production dropped about 6% month-on-month. While Canadian production dropped about 9.5% month-on-months. However, in March, primary production registered a growth in...
Novelis, Inc. hosted a ribbon cutting ceremony to celebrate the completion of a US$4.5 million investment at its facility in Warren, Ohio on April 15. The world leading flat-rolled aluminium producer and recycler announced this investment in state-of-the-art technology for the plant in November 2017 in order to offer greater versatility for pre-treatments, improve operational efficiency and reduce costs. Novelis’ Warren facility has 75 employees. The plant specializes in coating application on rolled aluminium sheet. The sheets are then used for production of lids for the tops of aluminium beverage cans, producing more than one billion beverage can lids each month. “It is an exciting day for our facility as we complete this upgrade,” said Paul Nelson, Plant Manager. “We are committed to...
According to the China Association of Automobile Manufacturers data, the drop in China's new light-vehicle sales slowed down slightly in March though it continued to decline. Sales dropped 6.9% to 2.02 million last month after slumping 17% in January and February. The sales have dropped consecutively for nine months. In March, multipurpose vehicle sales fell 14% to some 151,600 while sedan sales dropped 7.5% to about 949,300. Crossovers and SUVs have registered a drop of 5.8% to around 867,800. Minibus sales increased 14% to about 50,700. Last month, sales of new commercial vehicles in China including trucks and buses rose 2.4% to about 501,000. From January to March, new light-vehicle sales dropped 14% to below 5.3 million while new commercial-vehicle deliveries increased 2.2% to some...
According to a recent report, a flex printing and signage company Sign World Inc. will soon install a BNZ aluminium profile channel letter bending machine, in a bid to speed up the process of signage making. Marvin Dsilva, the owner of the Coimbatore-based company, said that clients are demanding delivery of signages in only two to three days of time. Earlier, when the company used to have a manual process of designing the letters of signages, it would take 2 to 3 hours to create one letter. But the installation of this new machine will enable the company to design one letter in just 3 minutes. Moreover, brands and retailers are looking for more durability and don’t want signages made of acryclic, which is the reason why the company is investing in this machine, added Mr. Dsilva. “We have...
According to the latest report from US Geological Survey, semi-finished products import by the USA stood at 136,000 tonnes in January 2019, 19 per cent or 31,000 tonnes lower than the corresponding period of 2018. The country imported 167,000 tonnes of semi-finished products (plates, sheets, bars, etc.) in January 2018. But the volume increased 11.48 per cent or 14,000 tonnes from 122,000 tonnes in December 2018. Imports from Canada stood at 15,200 tonnes in January 2019, 37 per cent lower from 24,200 tonnes in January 2018. Imports from China dropped year-on-year to 14,200 tonnes in January. Semi-finished imports from Mexico rose 13 per cent YoY to 4,240 tonnes. The USA exported 77,400 tonnes of semi-finished products in January 2019, down 13.52 per cent from 89,500 tonnes exported in...
RUSAL has announced through a press release that it has collaborated with Braidy Industries Inc. to construct an aluminium rolling mill in Ashland, Kentucky, USA in order to produce flat rolled aluminium products for the US automotive industry. Braidy announced its plan to build the aluminium rolling mill in Kentucky in 2017 and broke ground in June 2018. Braidy promised to create more than 500 high-paying jobs in an area which is economically lagging behind. The mill is expected to produce 500 thousand tons of hot rolled and 300 thousand tons of fully finished cold rolled products per year. The mill’s output is expected to balance the anticipated deficit of the auto body sheet in the US market. RUSAL and Braidy Industries have agreed upon a Letter of Intent which details the commercial...
Norwegian metals maker Norsk Hydro recorded a rise of its shares on Monday, April 15, after winning further support to resume full production at its Alunorte alumina refinery in Brazil. After operating at half capacity for over a year, the Alunorte refinery on April 12 saw a hope to resume full production, when Ministério Público and Alunorte provided a joint petition to lift the production embargoes at a conciliatory hearing in the Federal Court. The independent engineering consultancy Rambøll, which was hired on behalf of Ministerio Publico to conduct a third-party assessment, also confirmed Alunorte’s ability to resume safe operations. On this news, Hydro’s shares rose as much as 5.5 percent in early trade on April 15. “Conditions appear to be in place to secure a positive outcome,”...
Rio Tinto announced first quarter 2019 production results. Bauxite production stood at 12.8 million tonnes in Q1 2019, up one per cent from the same period of 2018. “Increased production capacity following the expansion of Amrun in Queensland was partly offset by weather events throughout the quarter at Weipa, Amrun and Gove, which significantly impacted production,” the company said in its press release. First quarter production was eight per cent higher than the fourth quarter of 2018. The third party shipments of 8.8 million tonnes were achieved in the first quarter of 2019, seven per cent higher than same period of 2018. Third party shipments in Q1 2019 was 20 per cent higher the fourth quarter of 2018. “The Amrun project was officially opened on 8 March 2019 and commissioning is...
Rio Tinto’s aluminium production for the first quarter of 2019 came in at 796,000 tonnes. Production was in line with the first quarter of 2018. “Excluding production from the non-managed Becancour smelter, which continues to be impacted by a lock-out, production was one per cent higher, reflecting continued productivity creep,” the company said. Aluminium production in the first quarter of 2019 was three per cent lower than the fourth quarter of 2018. At the Kemano hydro-power facility at Kitimat, British Columbia, boring of the tunnel commenced on 9 March 2019. Rio Tinto expects $0.5 billion project to complete by late-2020. 2019 guidance is unchanged. Rio Tinto’s expected share of aluminium production in 2019 is between 3.2 and 3.4 million tonnes. Rio Tinto’s alumina production in Q1...
The US dollar rebounded against a basket of foreign currencies on Monday. LME base metals traded lower on Monday. LME Aluminium edged down 0.05% and SHFE aluminium sank 0.1%. LME aluminium is in a consolidating phase without much fluctuation. LME cash settlement price remained flat from the previous trading day at US$ 1843.50 per tonne. Three-month LME aluminium fluctuated to close marginally lower at US$1,863 per tonne on Monday. In the face of the rebounding dollar, LME aluminium will have limited upward movement and is expected to trade between US$1,840-1,880 per tonne today. As on April 15, LME aluminium cash (bid) price stood at US$ 1843 per tonne, LME official settlement price stands at US$ 1843.50 per tonne; 3-months bid price stands at US$ 1859 per tonne, 3-months offer price is...
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, dropped over the weekend ended on April 15, Monday, to come in at 1.622 million tonnes. Compared to last Thursday, April 11, the fall of primary aluminium inventories on Monday was higher, as the stocks last week had plunged by some 5,000 tonnes while today by some 14,000 tonnes. In some cities, the inventories dropped while in others they recorded a hike or continued to remain the same. For instance, in Wuxi, Jiangsu, the inventories plunged from 586,000 tonnes on April 11, to 582,000 tonnes, but in Shanghai, the stocks rose from 290,000 tonnes to 292,000 tonnes. The below chart indicates the status of the current primary aluminium...
According to a recent report, the European Union is likely to collaborate with Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC) in May for working together on the management of aluminium waste. JNARDDC, a Central Government Institution, has long been working in research and development of the aluminium sector, and its revolutionary work of aluminium recycling is tremendously appreciated world-wide. It has invented the process of recycling aluminium wastes like red mud, dross and Spent Pot Lining (SPL) to make their best use in construction and other sectors. The unique part is the institution is capable to recycle aluminium waste at an affordable cost. Impressed with this, the European Union has approached JNARDDC to share its work based on aluminium recycling....
The average Bauxite (4.5≤Al/Si＜5.5) price in Henan stood at RMB430 per tonne on Monday, 15 April 2019, down RMB10 per tonne from RMB440 per tonne. The average price is expected to range between RMB390-470 per tonne. Prices of bauxite remain unchanged in all the three major China markets (Shanxi, Guangxi and Guizhou). The average Bauxite CIF price increased to US$45.50 per tonne as on April 15. The average price is expected to hover between US$45 per tonne and US$46 per tonne. Australian alumina FOB price stood at US$380 per tonne, down USD15 per tonne. A00 aluminium ingot price in China decreased to RMB13820 per tonne today. Spot aluminium contract is likely to be traded at discounts of RMB20 per tonne to premiums of RMB20 per tonne. The average price is expected to range between RMB13800...
The US dollar index slipped on Friday as the euro rose sharply. LME base metals traded higher across the board on Friday April 12. LME aluminium advanced about 0.3% and SHFE aluminium popped 0.1%. LME closed the week lower at 1843.50 per tonne on Friday. As the US dollar weakened, three-month LME aluminium rallied from a month-low of US$1,846 per tonne on Friday, and closed 0.3% higher at US$1,864 per tonne. The trading level of LME aluminium remained below all moving averages. Weak fundamentals are likely to cap upside room in LME aluminium, which is expected to trade at US$1,850-1,880 per tonne today. As on April 12, LME aluminium cash (bid) price stood at US$ 1843 per tonne, LME official settlement price stands at US$ 1843.50 per tonne; 3-months bid price stands at US$ 1864 per tonne,...
According to the latest Mineral Industry Survey report from US Geological Survey, the U.S. aluminium industry recovered 290,000 tonnes from scrap in January 2019. The amount drops 6% YoY, indicating a drop in domestic recycling. Of this, 172,000 tonnes of aluminium was recovered from new scrap and 118,000 tonne was recovered from old scrap. The country imported 54,000 tonnes of aluminium scrap in January, up from 48,400 tonnes in December 2018. The US imported about 51,000 tonnes of aluminium scrap in January 2018. This shows a steady import flow of scraps to the US. On the other hand, the U.S. exported 140,000 tonnes of aluminium scrap in January 2019, down 16% from 167,000 tonnes exported in December 2018. However, the volume increased about 20% from 117,000 tonnes exported in January...
Geely Auto Group, headquartered in Hangzhou, China, has newly launched a pure EV brand Geometry, intending to boost production of new energy vehicles. The brand’s first model, imaginatively nameplated as Geometry A, is a high end model offered with standard and long ranges for a total of six configurations. According to Zhejiang Geely Holding Group president and Geely Auto Group president and CEO An Conghui, the brand Geometry and its first model are launched with a strategic goal, and that is becoming one of the world top 10 automotive groups. He said, "Geely is a strong force and active participant in the field of new energy. We are guided by technological innovation and are determined to become a global leader in new energy. Geometry is our answer to the future of the industry, a...
