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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Vedanta Resources Limited published production results for the year ended 31st March 2019. The company registered record annual production for the alumina and aluminium segments. Vedanta reported record aluminium production of 1,959,000 tonnes in FY2019, an increase of 17% year-on-year, as the production increase stabilised (from ramp up of Jharsuguda smelters). Aluminium production was at 1,675, 000 tonnes in FY2018. Production from Jharsuguda-I stood at 545,000 tonnes in FY2019. This was up 24% from 440,000 tonnes in FY2018. Jharsuguda-II recorded a production of 843,000 tonnes in FY2019, registering a growth of 27% year-on-year from 666,000 tonnes. In H2 FY2019, aluminium production was at 983,000 tonnes, 7% higher from 922,000 tonnes in H2 FY2018. The production was flat as compared...
Swedish rolled aluminium firm Gränges reportedly announced two days ago about refinancing the credit agreement that originally happened to finance its acquisition of American subsidiary - Gränges Americas Inc. This new credit facility is a revolving one available in several currencies of SEK2000 million with a 3-year term and an option to extend for another 2 years, a 5-year term loan of US$100 million, and a revolving credit facility for Gränges Americas Inc of US$50 million with a 3-year term. The mandated lead arrangers of these credit agreements were Danske Bank A/S, Danmark, Sverige filial, Nordea Bank Abp, filial i Sverige, and Svenska Handelsbanken AB (publ). Danske Bank A/S served as the facility agent. In addition, Gränges has entered into a 4-year term loan amounting US$25...
Commerce and Industry Minister Suresh Prabhu said India is planning to host an informal gathering of trade ministers from about 20 member nations of the World Trade Organization next month. The agenda is to discuss the interests of least developed countries amid growing challenges for global trade. "We are planning this (meeting) in May. We will be inviting about 20 WTO member countries this time,” he told PTI. He also said this meeting is important as many countries are questioning over the relevance of the global trade body. Many countries are also taking protectionist measures, impacting global trade. The Trump administration’s duties on imported aluminium and steel products last year prompted this major trade tariff tussle. However, India time and again stressed the importance and...
MINTH Automotive Europe has begun building its car parts facility plant in Loznica, in western Serbia, the Serbian president's office said. The total investment in the construction of plant will amount to about 100 million euro. The plant will manufacture aluminium roof base carriers, vehicle covers, aluminium door frames and car batteries. The company will begin production at its new factory as early as October. The ground-breaking ceremony was attended by Serbian President Aleksandar Vucic."For the last 30 years, we have only survived here without major factories that had been devastated. For the first time, we bring investors and build a new future for Loznica," Aleksandar Vucic said. The ceremony was also attended by Director of MINTH Automotive Europe, Ching Li Wong, Mayor of...
Shanghai Metals Market updated on April 4 that average operating rates across Chinese prebaked anode manufacturers for commercial use declined 3.07 percentage points in March from the previous month to come in at 54.9 per cent. Output cuts for cost control lowered operations across prebaked anode producers and therefore, their operating rates. Operating rates across medium-sized producers having an annual capacity of 100,000-250,000 tonnes and above recorded a dip by 6.44 percentage points, while small producers with 100,000 tonnes of annual capacity saw the rates fall by 5.3 percentage points. Operating rates across large producers with an annual capacity of 250,000 tonnes and above, on the other hand, dropped 0.4 percentage point. Many prebaked anode producers in Zhengzhou resumed...
Besides exporting, the United Kingdom imports a considerable amount of aluminium cans from several European countries and even outside. The global export-import data reveals that the country’s import volume of aluminium cans has been rising year over year since 2016. It also shows that this year is most likely not going to show any exception. The Aluminium Packaging Recycling Organisation observes the recycling rate of aluminium drinks cans in the UK has been rising every year. While in 2016, the recycling rate was at 70 per cent; in 2017 it was at 72 per cent. This perhaps indicates the rising use of aluminium cans in the UK and the reason behind its growing imports. In 2019, the United Kingdom is expected to import around 39,505 tonnes, up 5 per cent from 37,759 tonnes in 2018. In 2016...
The Federal Court in Belém, Brazil, has scheduled for April 12 a hearing regarding the embargo on the production at Hydro’s Alunorte alumina refinery, Norsk Hydro announced on Friday, 05 April 2019. Alumina refinery has been running at 50 per cent capacity since March 2018. In yesterday’s hearing , Ministério Público and Alunorte provided information regarding the progress of the ongoing third-party assessment of two reports, both concluding that Alunorte can safely resume normal operations, Hydro said. On March 26, Hydro agreed with Ministério Público to have third-party technical assistance to assess the situation at Alunorte. Alunorte signed an agreement to assess whether reports from SEMAS and the University of Campina Grande comply with technical parameters and relevant applicable...
The Brembo Group has announced the opening of new manufacturing plant for the production of aluminium brake calipers in Nanjing, located in China's Jiangsu province. The Group inaugurated aluminium brake caliper plant next to its existing plant where brake discs are manufactured. All production stages have been integrated into the new site, from delivery of raw material to shipping the finished product. This will better serve its European, Asian and American customers operating in China. Alberto Bombassei, President of Brembo said: “It is with great pride that I inaugurate this new production hub in China on the occasion of the first official visit of the Chinese authorities who are here with us today.” “This event is dedicated to a highly tangible illustration of the innovative process...
As reported by The European Aluminium Foil Association, in Germany 220 million Easter Bunnies have been produced for sale in the market for the holiday season in 2018 and the most of them are wrapped in aluminium foil for protection and shiny festive look. This year also million Easter bunnies wrapped in aluminium foil are waiting in the market for festive season customers. The number has increased 8% from 202 million in 2017. The primary export regions for Easter Bunnies are the European Union, the United States, Canada and Australia. Chocolate Easter Bunnies outperformed their rival – the chocolate Santa Clause, production of which stood at 150 million in 2018. Both the Bunny and Santa are sold wrapped in a shiny aluminium foil printed in a variety of colours. “Aluminium foil continues...
The Guinea Alumina Corporation’s (GAC) bauxite mine project has reportedly achieved a major construction milestone. Engineering and construction firm Fluor Corporation, which has been serving as the African project’s engineering and programme management partner, has safely set the car dumper facility’s 450 tonnes rotating assembly into final location. The facility took three days, two750 tonnes cranes, and multiple self-propelled modular transporters for the installment of the assembly. Fluor noted that some special preparation was required to elevate the assembly over the walls of the car dumper facility into its final location. The team that worked behind this massive project consisted of 200 people. “This milestone was achieved due to the collective efforts between the GAC and Fluor...
The US dollar index recovered and settled at 97.3. Most London industrial metals rose on Friday, supported by news that the United States and China are edging closer to a trade deal after months of dispute.Three months LME aluminium traded down 0.2% at $1,892 a tonne yesterday and then rose 0.5 per cent overnight. As on April 4, LME aluminium cash (bid) price stood at US$ 1871 per tonne, LME official settlement price stands at US$ 1872 per tonne; 3-months bid price stands at US$ 1892 per tonne, 3-months offer price is US$ 1892.50 per tonne; Dec 20 bid price stands at US$ 2017 per tonne, and Dec 20 offer price stands at US$ 2022 per tonne. The LME aluminium opening stock dropped to 1110275 tonnes. Live Warrants totalled at 730550 tonnes, and Cancelled Warrants were 379725 tonnes. LME...
Bechtel Chairman and Chief Executive Officer, Brendan Bechtel visited Alba’s Line 6 Expansion Project site on Sunday 31 March 2019. International Bechtel Co. (Bechtel) is the Engineering, Procurement, and Construction Management (EPCM) contractor for Line 6 Expansion Project. Alba said the Bechtel delegation was given a guided tour of the Line 6 Expansion Project site, Carbon and Casthouse areas. Alba’s Chairman of the Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa said: “We are pleased with the fast-paced progress of our landmark Line 6 Expansion Project. I thank our EPCM contractor Bechtel for embracing Extreme Ownership and for expediting the safe and early commissioning of Potline 6 on 13 December 2018. We also look forward to accelerate the delivery of Potline 6...
Constellium N.V. has signed a multi-year supply agreement with the American aerospace manufacturer and spaceflight services company, Blue Origin on April 4. Constellium will supply advanced aluminium products and solutions to the privately held company for its launch vehicle programs. The contract will seal Constellium’s position as a trusted supplier in the space industry. “We expect this new contract to strengthen our position as a key supplier of innovative aluminium solutions for the space industry, and as an industry leader more generally,” said Ingrid Joerg, President of Constellium’s Aerospace and Transportation business unit. “It helps demonstrate our know-how and expertise to provide tailored products and spurs our ambition to pursue growth in servicing our partners in the space...
Followed by discussion and consultation with departments like IT and agriculture, India has made an offer to the US to resolve trade issues between the two countries. The news came after Union Minister Suresh Prabhu told PTI on April 3 that "We have consulted all the ministries and we have given them an offer.” India has long been pressing the US for the removal of tariffs on its exports of aluminium and steel products, reconsidering export benefits to certain domestic products under Generalised System of Preferences (GSP), and greater market access for products from agriculture, automobile, automobile components, and engineering sectors. The United States has also been demanding greater market access for its agricultural, dairy products, and medical devices besides seeking reduction in...
According to Shanghai Metals Market, inventories of 6063 aluminium billet across five major consumption areas in China saw a smaller decline this week as value-added tax cuts lowered purchases. As of today, April 4, the inventories were found at 112,000 tonnes, after falling by some 8,700 tonnes from a week ago. This marks the fourth consecutive weeks of aluminium billet inventories decline across China. While most of the Chinese markets have seen a downfall in billet inventories, there are some that has seen a rise. For instance, Huzhou, Zhejiang where inventories have grown from 6,000 tonnes on March 28 to 7,000 tonnes on April 4. Inventories in Foshan, Guangdong; Wuxi, Jiangsu; Changzhou, Jiangsu; and Nanchang Jiangxi have, however, dropped. The chart below gives more details on the...
National Aluminium Company Limited (NALCO) has posted its year-round achievements for fiscal 2018-19, where it mentioned about recorded capacity production of bauxite at Panchpatmali Mines totalling 74.14 lakh tonnes, which is the highest since inception. The transportation of the ore has also been ever-highest totalling at 72.31 lakh tonnes. Besides, the Navratna CPSE achieved the distinction of lowest-cost producer of bauxite and alumina in the world (as per the Wood Mackenzie report). The production of NALCO’s alumina hydrate, as well as cast metal also scored highest since inception at 21.53 lakh tonnes and 4.40 lakh tonnes respectively, for the fiscal period of 2018-2019. Further, Steam & Power Plant (SPP) of Alumina Refinery achieved highest ever net power generation. Per the...
According to the latest US Geological Survey report, the US imported about 4.5 million tonnes of bauxite in 2018, up about 1.5% from 2017. When we look at the figures of last five years, we can observe the sharply declining trend. From 11.8 million tonnes in 2014, the volume dropped to 4.5 million tonnes in five years. The continuous fall in bauxite imports were attributed to the 2016 shutdowns of the alumina refineries in Gregory, TX, by Sherwin Alumina Co. and in Point Comfort, TX, by Alcoa Corp. {newsStudioGallery} The sharp fall took place when Alcoa temporarily shut its 2.3 mtpy alumina refinery in Point Comfort, TX, in the second quarter of 2016. In August, Sherwin Alumina Co. LLC announced that it would temporarily shut down its 1.65-Mt/yr alumina refinery in Gregory, TX, in...
The US dollar weakened on Wednesday after data showed that US services sector activity slowed to a more than 1-1/2-year low in March however it remains slightly above 97. LME base metals traded higher on Wednesday and aluminium crept 0.6%. SHFE aluminium inched up close to 0.2%. With resistance at US$1,900 per tonne, three-month LME aluminium fluctuated to close higher at US$1,895.5 per tonne on Wednesday, recovering from the previous day’s losses. Aluminium cash contract closed at US$ 1865 per tonne. Three months aluminium is expected to trade at US$1,880-1,910 per tonne today. As on April 3, LME aluminium cash (bid) price stood at US$ 1864 per tonne, LME official settlement price stands at US$ 1865 per tonne; 3-months bid price stands at US$ 1893 per tonne, 3-months offer price is US$...
