China Aluminum International Engineering has proposed a CNY 6.6 billion (USD 988 million) fixed-price engineering, procurement and construction (EPC) contract for an alumina project in Guinea’s Boffa region. The agreement has not yet been signed and requires approval from independent shareholders before it can proceed. Under the proposed arrangement, China Aluminum International Engineering would undertake the project’s design and construction, while Chalco Guinea, a subsidiary of its controlling shareholder Chinalco, would act as the customer. The proposed contract requires approval from independent shareholders. 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 &...
Australian mineral exploration and development company Impact Minerals is advancing its Lake Hope High-Purity Alumina (HPA) Project in Western Australia, with a pilot-scale test programme, eyeing around 20kg of 4N high-purity alumina for independent verification and potential customer evaluation. The initiative builds on earlier laboratory research and aims to validate the company’s processing flowsheet as it moves towards commercial-scale development. Edith Cowan University is constructing a pilot facility in Joondalup under a Cooperative Research Centres Projects (CRC-P) collaboration backed by the Australian Government. The facility would reinforce mineral processing, leaching and related development activities. Impact Minerals has appointed Simulus Group to oversee testing involving...
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On 13th July 2021, the Saudi Arabian Mining Co, Ma'aden inked a five-year deal to procure calcined petroleum coke from a Saudi company for its Ras Al Khair aluminium smelter. Ma'aden Aluminium smelter in Ras Al Khair will procure 100,000 tonnes a year of the calcined petroleum coke, which will be used in the manufacture of aluminium, once commercial production commences at the end of 2024 from a facility owned by Saudi Calcined Petroleum Coke Company (SCPCC). Calcined petroleum coke is the major raw material required for the production of carbon anodes used in the aluminium smelting process. The $40 million worth yearly contract is a part of a plan by the Gulf region’s biggest miner, Ma'aden to procure 320,000 tonnes of calcined petroleum coke from domestic sources yearly. Abdulaziz...
A00 aluminium ingot price in China has recorded a dip of RMB 20 per tonne on Wednesday, July 14, following the past three consecutive days of decline, found the Shanghai Metals Market. Therefore, the price is standing at RMB 19,140 per tonne, with average prices expected to range between RMB 19,120 per tonne and RMB 19,160 per tonne. The spot contract is likely to be traded at a premium price of RMB 50-10 per tonne, up by RMB 10 per tonne from the previous day. Except in Tianjin where the primary aluminium ingot price has registered an increase of RMB 20 per tonne to RMB 19,140 per tonne, all other Chinese cities have witnessed declines. In Wuxi and Chongqing, A00 aluminium ingot price has decreased by RMB 40 per tonne to come in at RMB 19,130 per tonne and RMB 19,090 per tonne,...
Three-month LME aluminium rose 1.76% to close at US$2,538 per tonne on Tuesday. SMM expects the contract to trade between US$2,480-2,550 per tonne today. As of Tuesday July 13, LME aluminium cash (bid) price stands at US$ 2478 per tonne, LME official settlement price stands at US$ 2478 per tonne; 3-months bid price stands at US$ 2492.50per tonne, 3-months offer price is US$ 2492.50per tonne; Dec 22 bid price stands at US$ 2476 per tonne, and Dec 22 offer price stands at US$ 2476 per tonne. The LME aluminium opening stock stood at 1480150 tonnes. Live Warrants totalled 897275tonnes and Cancelled Warrants were 582875 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2505.62per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to stand at...
RUSAL will deliver low carbon aluminium ALLOW to its plant Aluminium Rheinfelden. The delivery of ALLOW aluminium is scheduled in August 2021. The low carbon aluminium will enhance the profile of Rheinfelden’s proprietary alloys, bring new opportunities to grow the business, boost competitiveness and provide customers with a fully transparent and independently verified Carbon Footprint for their key components. ALLOW’s carbon footprint is lower than 4t CO2/t Al, while the world average is currently approximately 12t CO2/t Al (scope 1 and 2 at the smelter). Steve Hodgson, Director of Sales and Marketing, said: “Delivering sustainable aluminium solutions is part of RUSAL’s long-term growth strategy, and by providing Aluminium Rheinfelden with our low-carbon aluminium ALLOW, this will have...
India’s largest producer of aluminium and value-added products, Vedanta has recycled 16.5 billion litres of water in FY 20-21, capitalizing technology for focused control and monitoring of water consumption. The water-saving projects covering its Aluminium smelters, Alumina refinery and Power plants have standalone resulted in water conservation in accordance of 700 million litres. The operations of Anil Agarwal’s Vedanta Aluminium are governed by the Vedanta Sustainable Development Framework, which incorporates a powerful suite of technical & management standards and guidance notes developed under control with global sustainability management practices oriented to the International Financial Corporation (IFC), International Council for Mining and Metals (ICMM), Global Reporting...
Hindalco Industries Limited decreased its aluminium ingot and aluminium products prices by INR 2,250 per tonne or 1 per cent with effect from Tuesday, July 13. This has brought the company’s aluminium ingot price to INR 212,750 per tonne from INR 215,000 per tonne on July 10. Hindalco Industries’ aluminium wire rod price is standing at INR 223,850 per tonne with effect from July 13, also down by INR 2,250 per tonne from INR 226,100 per tonne last week. The company is selling its aluminium billets at INR 219,850 per tonne compared to INR 222,100 per tonne on July 10. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which on Monday, July 12, fell by US$ 21 per tonne to stand at US$ 2,449 per tonne. On a...
The specialist in Aluminium casting, Alucast’s delivery of single-source manufacturing solution is supporting itself to bounce back from the pandemic. The Wednesbury factory of Alucast that employs around 100 people has secured new wins with major carmakers and accredits its ability to provide simulation, casting, machining and the latest testing facilities. The investment of more than £200,000 for creating a specialist Dye Penetrant offer has strengthened the business even further. This is a form of non-destructive testing used to assess structural vehicle components and other parts for cracks. The fully trained five-member staff have been operating the new line successfully for several months. Tony Sartorius, Chairman of Alucast, said: “The automotive sector is always looking for faster...
On 13 th July 2021, Emirates Global Aluminium announced the commencement of the second phase of its expansion to Al Taweelah smelter in Abu Dhabi. The aluminium smelter expansion casts up 26 new reduction cells to Potline 2, boosting production capacity by over 30,000 tonnes of hot metal per year. EGA is adding further reduction cells to each of the three potlines at Al Taweelah. The expansion to Potline 1 began production in April. The expansion to Potline 3 is expected to start production later this year. The comprehensive expansion of 66 new reduction cells will increase EGA’s production capacity by around 78,000 tonnes of hot metal per year. The work has progressed ahead of schedule, while the full project is now some 80% complete amid the Covid-19 pandemic. At the Al Taweelah smelter...
According to the US Census Bureau data, the United States exported 23,900 tonnes of aluminium plates, sheets and bars to Mexico in April 2021. That was down by 10.88 per cent from 26,500 tonnes of exports in March 2021. In February 2021, the United States exported 21,800 tonnes of aluminium flat rolled products, which was 14.84 per cent down from March and 8.79 per cent down from January 2021. On a year-on-year calculation, the United States aluminium plates, sheets and bars exports to Mexico in April 2021 edged 29.19 per cent higher than 18,500 tonnes. In the first four months of the year, the United States aluminium flat rolled products exports to Mexico totalled 96,100 tonnes, up 500 tonnes or 0.52 per cent from 95,600 tonnes during the same period last year. The United States total...
On 23rd June 2021, the central bank of Thailand, which is known as the Bank of Thailand predicted, the Thai economy would expand by 1.8% in 2021 and 3.9% in 2022. This would be lesser than the previous projection owing to lower foreign tourist figures and domestic demand held down by the third wave of the outbreak. The Southeast Asian country, Thailand has registered an export of 147,409 tonnes of aluminium cans during 2018-19 and the foreign revenue earnings accounted for the export remained at $133.44 million. The export for 2020 stood at 139,314 tonnes and the earnings counted to $82.42 million. However, when the export volume and earnings for 2020 gets assorted with the existing two years, it denotes 286,723 tonnes and $215.86 million respectively. Thailand’s export of aluminium cans...
On Monday, July 12, Altech Chemicals (ATC) said that it advanced the Pre-Feasibility Study (PFS) for its battery materials high-purity alumina (HPA) coating plant in Germany. The plant in designed to coat 10,000 tonnes of anode graphite per year in its initial stage, using Altech’s alumina coating technology. Altech Chemicals also specified on Monday that the Pre-Feasibility Study was focused on the engineering design phase for the HPA coating plant. The process designs for the plant, which is likely to be constructed on a 14-hectare site, have also been completed, it said. Under the completed process, ATC said it should only take four steps to complete the coating process. The materials stock said the project began reaching out to suppliers for equipment packages, while discussions over...
Russia’s exports of crude metals and alloys to the US stood at 9,320 tonnes in April 2021, a decrease of 20.34% year-on-year. The Russia had exported 11,700 tonnes to the US in April 2020, according to the latest Mineral Industry Survey report from the US Geological Survey. On a month on month comparison, exports dropped by 47% from 17,500 tonnes exported in March 2021. Crude metals and alloys exports stood at 48,100 tonnes in the first four months of 2021, as compared to 51,900 tonnes in the first four months of 2020. This marked a decrease of 7% year-on-year. Russia’s exports of total aluminium (crude metal and alloys, semi-finished products and scrap) to the USA stood at 10,400 tonnes and 53,000 tonnes in April and January-April 2021. That was a drop of 33.33% year-on-year and 0.93%...
Vedanta Limited has reduced its aluminium products and aluminium ingot prices with effect from Tuesday, July 13, in line with the decline in LME aluminium benchmark price on Monday, July 12. Vedanta’s aluminium wire rod price has come in at INR 220,750- 228,250 per tonne, up by INR 2,250 per tonne or 1 per cent from INR 223,000-230,500 per tonne on July 10. Vedanta’s aluminium billet price has also seen a cut of INR 2,250 per tonne to INR 221,250 per tonne from INR 223,500 per tonne last week. The price cut with effect from July 13 has brought Vedanta’s aluminium ingot price to INR 213,250-226,250 per tonne from INR 215,500-228,500 per tonne on July 10. Vedanta links its aluminium products and aluminium ingot prices to the three-month futures of aluminium on the London Metal Exchange,...
On 12th July 2021, the aluminium producer of Cameroon, ALUCAM, which not only feed the domestic demand but also export to other African nations, has decided to raise its aluminium prices by 8% on average, as confirmed by credible sources. The aluminium producer explicates that its decision to raise the prices is triggered by two major reasons. The initial is the surge of alumina prices on international markets, while the other reason is the additional transport costs generated due to supply chain disruptions caused by the Covid-19 pandemic. The price of alumina has soared by over 52.5% within 12 months, from $1,663 on 17th July 2020, to $2,539 on 12th July 2021. The metal company’s decision towards price rise will empower in the short term policy to its roofing sheets manufacturing unit,...
As updated by Shanghai Metals Market, average spot alumina price in China has increased by RMB 4 per tonne on Tuesday, July 13, 2021 after remaining flat since June 7. The price has come in at RMB 2489 per tonne today, from RMB 2485 per tonne. The price of alumina in Shanxi has risen to stand at RMB 2510 per tonne. The price in Shandong, Henan, Shanxi, Guizhou and Guangxi China markets remained unchanged at RMB 2490 per tonne, 2490 per tonne, 2430 per tonne and 2430 per tonne. SMM aluminium ingot price has hiked by RMB 100 per tonne to stand at RMB 19160 per tonne on Tuesday, July 13, 2021, from RMB 19060 per tonne on Monday. The price is expected to range at RMB 19140-19180 per tonne. Aluminium Fluoride price in China stands at RMB 7450 per tonne, down RMB 150 per tonne after remaining...
Three-month LME aluminium fell 0.06 per cent to close at US$ 2,492.50 per tonne on Monday. It is expected to trade between US$ 2,480-2,550 per tonne today. LME aluminium cash (bid) price and LME official settlement price opened the week on Monday, July 12, at US$ 2,449 per tonne, down by US$ 21 per tonne or 0.85 per cent from US$ 2,470 per tonne on Friday, July 9. 3-months bid price and 3-months offer price decreased by US$ 20 per tonne from US$ 2,488.50 per tonne to US$ 2,468.50 per tonne. Dec 22 bid price and Dec 22 offer price declined from US$ 2,473.50 per tonne to US$ 2,453.50 per tonne. LME aluminium opening stock stood further lower at 1496075 tonnes. Live Warrants totalled 897275 tonnes, while Cancelled Warrants closed at 598800 tonnes. Meanwhile, LME aluminium 3-months Asian...
The United Arab Emirates exports of crude metals and alloys to the US stood at 30,900 tonnes in April 2021, a decrease of 20% or 7,500 tonnes year-on-year, from 38,400 tonnes exported April 2020, according to the latest Mineral Industry Survey report from the US Geological Survey. On a month on month comparison, exports dropped 0.96% from 31,200 tonnes. In the first four months of 2021, the UAE’s export of crude metals and alloys stood 24.3% lower year-on-year. The UAE exported 109,000 tonnes in January-April 2021, from 144,000 tonnes in January-April 2020. The UAE exported 31,200 tonnes of total aluminium to the USA in April 2021, from 38,400 tonnes exported in April 2020. This marked a decrease of 18.75% year-on-year. Semi-finished products export stood at 311 tonnes and 741 tonnes in...
Aluminium Bahrain B.S.C. (Alba) secures the SafeGuard Hygiene Excellence and Safety Label from Bureau Veritas for its diligent efforts towards assuring the Health and Safety of its employees and contractors’ workers amidst the COVID-19 pandemic. This recognition was delivered to Alba following a detailed on-site audit process which took place during 26 – 31 May 2021 to scrutinize the effectiveness of various precautionary measures which the Company has been implementing across its campus and different departments since the outbreak of COVID-19 as well as the different policies and procedures governing these measures. Ali Al Baqali, Chief Executive Officer, said on the occasion: “We are pleased to be the first industrial company in Bahrain to receive the SafeGuard Label from Bureau Veritas...
