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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The Scandinavian country, Norway has installed a park bench which is now carrying the technology that permits for those sitting on it, can trace Wrexham firm played in its creation. The park bench has digital product passports, containing verified information using Blockchain technology. This digital passport helps the public easily see the life cycle and footprint of the aluminium and wood by scanning a QR code on the furniture. These Blockchain technology labelled benches, along with tables and bins, are from a series called 'Folk' produced by Norwegian urban furniture manufacturer Vestre made of Hydro CIRCAL from Hydro Aluminium in Wrexham. Anyone who visits the park scans the QR code and can see the metal travelling from Wrexham Industrial Estate to Magnor in Norway, on to Vestre’s...
According to a recent report, European aluminium producers are seeking exclusion from the first phase of the European Union’s carbon border adjustment mechanism (CBAM), claiming that the initiative will put the industry at a competitive disadvantage to foreign rivals and do little to tackle climate change. Gerd Götz, director-general of European Aluminium, said: “In view of the many open questions and the significant negative impact of the current CBAM approach . . . aluminium should not be included in the pilot phase.” Green industrial conglomerate Mytilineos said the carbon border adjustment mechanism would encourage Chinese and Russian resource shuffling, meaning the aluminium producers from the two countries would redirect their low-carbon production to Europe, in a bid to avoid any...
As per the report published by Care Ratings Africa, the economy of Mauritius pursued to plunge for the fifth successive quarter recording a GDP de-growth of 8.7% compared with - 2.9% in Q1 2020. Notwithstanding, there has been a sequential development from the double-digit de-growth of 11.3% in the previous quarter. The island nation on the Indian Ocean, Mauritius has registered 437 tonnes of aluminium foil during 2019-20 and the foreign revenue expended for the import was accounted for $1.62 million. In 2019, Mauritius import of aluminium foil remained at 213 tonnes and the expenditure occurred for the import was $0.87 million, whereas, in 2020, the import exhibited a gradual rise by 5.16%, as the import volume grew to 224 tonnes, while the expenditure slumped to $0.75 million. The...
According to the Shanghai Metals Market, China produced 3.22 million tonnes of aluminium in June 2021. That was down by 3.01 per cent month-on-month from 3.32 million tonnes after a hike last month. But on a year-on-year calculation, the output stood up by 7.3 per cent from 3 million tonnes. China’s daily average output stood at 107,200 tonnes in June, up 300 tonnes a day from the previous month. During January-June 2021, total aluminium production in China came in at 19.47 million tonnes, which was 8.1 per cent more than 18.01 million tonnes during the same period last year. The production resumption of aluminium in Yunnan was slow in June, while the production in Gansu and Henan gradually recovered. At the same time, some places in Guizhou saw a slight reduction in aluminium production....
Iran's aluminium production stood at 131,376 tonnes during the first three months of the current Iranian year (March 21-June 21), from 101,202 tonnes in the previous year. Aluminum ingot output registered a hike of 30% compared with the same period last year, according to data released by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO). Iran produced 55,974 tonnes of alumina powder in the three months. That was down 11% from the corresponding figure of preceding year which was 62,789 tonnes. Bauxite production was 265,488 tonnes during the mention period, marking a 49% rise from 178,366 tonnes in the previous year. Annual production of the aluminum ingot is scheduled to increase 63% by the end of the current Iranian calendar year (March 20, 2022).
Vedanta has raised its aluminium products price after cutting the price of same product on July 9. With effect from Saturday, July 10 2021, the prices of some aluminium ingots have risen by INR 2,750 per tonne to stand at INR 215,500-228,500 per tonne, from INR 212,750-225,750- per tonne on July 9. The billets price stands at INR 223,500 per tonne on Saturday, July 10 2021, registering an increase of INR 2,750 per tonne from INR 220,750 per tonne on July 9. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price stood at US$ 2470 per tonne on July 9, from US$ 2435 per tonne on July 8. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta...
Hindalco Industries Limited increased its aluminium products and aluminium ingot prices on Saturday, July 10, a day soon after it sharply reduced the prices. The company grew its aluminium wire rod price by INR 2,750 per tonne to sell the product at INR 226,100 per tonne. On Friday, July 9, Hindalco’s aluminium wire rod price stood at INR 226,100 per tonne, declining by INR 7,000 per tonne or per cent from INR 230,350 per tonne. With the latest cut, Hindalco’s aluminium billets price came in at INR 222,100 per tonne, also up by INR 2,750 per tonne from INR 219,350 per tonne on July 9. The company is currently selling its aluminium ingot at INR 215,000 per tonne with effect from July 10 against INR 212,250 per tonne on July 9. Hindalco links its aluminium ingot and aluminium products...
After a month-long restraint, bauxite (4.5≤Al/Si＜5.5) Henan price has increased by RMB 27.50 per tonne to stand at RMB 387.50 per tonne as of Monday, July 12, found the Shanghai Metals Market. The average prices are expected to range between RMB 365-410 per tonne. Among other primary aluminium input costs, caustic soda (32% concentration) Shandong price has grown by RMB 15 per tonne to RMB 540 per tonne and aluminium powder price has inched up by RMB 0.20 per kg to come in at RMB 22.55 per kg. Amid the uptrend in raw materials prices, A00 aluminium ingot price in China has opened the week with a surge of RMB 210 per tonne, marking the second consecutive day of hike. According to SMM, this has brought the primary aluminium ingot price to RMB 19,060 per tonne, with average prices expected...
Three-month LME aluminium rose 1.78% to close at US$2,494 per tonne on Friday. SMM expects the contract to trade between RMB18,800-19,200 per tonne today. As of Friday July 9, LME aluminium cash (bid) price stands at US$ 2470 per tonne, LME official settlement price stands at US$ 2470per tonne; 3-months bid price stands at US$ 2488.50 per tonne, 3-months offer price is US$ 2488.50 per tonne; Dec 22 bid price stands at US$ 2473 per tonne, and Dec 22 offer price stands at US$ 2473 per tonne. The LME aluminium opening stock stood at 1506675 tonnes. Live Warrants totalled 902225 tonnes and Cancelled Warrants were 604450 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2460.25 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to stand at...
On 11th July 2021, Emirates Global Aluminium earmarked the 100th shipload of bauxite exported from Guinea, since the company’s initiation in August 2019 from its wholly-owned bauxite-mining subsidiary Guinea Alumina Corporation. The UAE based aluminium company, EGA uses Capesize vessels to transport much of its bauxite ore, as Capesize vessels are up to 300 metres long, which is more than the length of two football fields and 50 metres wide, while they can carry around 180,000 tonnes of bauxite ore. EGA has exported over 16.4 million dry metric tonnes of bauxite from Guinea so far in total and that could fill Wembley Stadium in London more than nine times. The quantity of bauxite exported from GAC so far would be enough to produce over three million tonnes of aluminium, which adequate to...
The Indian-born, British metal tycoon Sanjeev Gupta owned GFG Alliance has reportedly signed a loan deal with commodities giants Glencore and Trafigura to safeguard its aluminium division from emerging to collapse. As the report, the Anglo-Swiss multinational commodity trading and mining company, Glencore would disburse a six-year loan to acquire the maximum of the outstanding debt of Alvance Aluminium’s smelter in Dunkirk, France, and an associated aluminium rolling mill in Duffel, Belgium. The commodity company will also assist with selling aluminium products, with the two merchants both supplying raw materials. As per a spokeswoman of the Swiss multinational commodity trading company, Trafigura has confirmed the outline of the deal and the amount could settle up to $450 million....
Primary aluminium sector witnessed China’s state metal reserves took only one of two days allotted of the auction to sell 50,000 tonnes of aluminium. LME official settlement price extended decline for the third day in a row, while SMM aluminium price performed mixed this week. Let's summarize some of the top aluminium news from primary aluminium sector. Hindalco Industries Limited has reduced its aluminium ingot price by 3 per cent or INR 7,000 per tonne with effect from Friday, July 9, bringing it to INR 212,250 per tonne from INR 219,250 per tonne on July 3. To know more: https://www.alcircle.com/news/hindalcos-aluminium-ingot-price-sees-a-sharp-cut-of-3-or-inr7000-t-with-effect-from-july-9-67776 Alro needs to cover some 30% of its consumption through the spot market purchases,...
The aluminium recycling segment is playing a vital role, as the recycling process creates high-quality aluminium that loses none of the physical properties of primary aluminium and also uses just 5% of the energy it takes to create primary aluminium. The most happening news which came up this week in the recycling is from not-for-profit communications programme working to inspire, encourage and empower people to recycle their empty drink cans, Every Can Counts survey indicates Ireland ranks high for environmental concerns, while in Quebec Shawinigan Aluminum Inc. rolls-out its aluminium recycling center. Taiwan’s imports of aluminium scrap from the US stood at 2,640 tonnes in April, with a month-on-month increase of 9.54%. Taiwan had imported 2,410 tonnes in March 2021. On a yearly basis,...
Right from Hydro signing an agreement to sell 100% of Hydro Precision Tubing Lichtervelde (HPTL) to Aurelius Group to Novelis Korea Limited plant successfully receiving the ASI Performance Standard certification, the global aluminium downstream sector has witnessed many this week. Hydro Extrusions signed an agreement to sell 100% of Hydro Precision Tubing Lichtervelde (HPTL) to Aurelius Group as part of the significant restructuring measures taken to support performance and cash generation in Hydro Extrusions. The sale is expected to close during the third quarter of 2021. Hydro Precision Tubing Lichtervelde is specialized in the manufacturing of welded tubes for a variety of markets, including Industrial Products and HVAC, having a plant consisted of a cast house, cold rolling mill, and...
Hydro announced that its extrusion plant, which was idled a few years ago, will be reopened to meet rising demand for sustainable aluminium profiles. The facility will increase Hydro Extrusions Sweden’s capacity of aluminium profiles made with recycled aluminium by approximately 20%. The plant will be fully operational during the fall of 2021. Hydro Extrusions Sweden will add one more press and enhance the annual capacity by around 10.000 tonnes as the demand for high-quality and sustainable aluminium profiles has surged. “Aluminium is a material of the future which gives companies across industries new opportunities in sustainable design and recycling. Starting up the extrusion operations in Sjunnen is a direct result of the increased demand for sustainable aluminium and proof that our...
The global aluminium sector’s end-user segment remained with few happenings this week. Anglo-Russian company En+ Group’s Metals Segment teams with Ball Corporation to produce ultra-low carbon aerosols, while on the other hand French beverage group Ogeu teams up with Ardagh for beverage can production and TUBEX Aluminium becomes news member of Alupro. The nation which spans Asia and Europe, Azerbaijan has recorded 1202 tonnes of aluminium foil during 2018-19 and the expenditure occurred for the import was $4.35 million. The import for 2020 stood at 753 tonnes and the expenditure accounted was $2.74. However, when the import volume and expenditure of 2020 gets assorted with the existing two years, it denotes 1955 tonnes and $7.09 million. To know more:...
News that has topped the headline this week under the alumina sector is Altech Chemicals Limited’s establishment of its own research and development laboratory in Perth, Western Australia. The news came after the company itself announced it on Monday, July 5. The establishment was smoothly transformed to Altech’s R&D laboratory, as it was previously occupied by an environmental consulting business. So, Altech can now conduct a full range of research, development, and test work (including battery tests) to refine its graphite and silicon particle battery materials HPA coating technology, unhindered at its laboratory. To know more: https://www.alcircle.com/news/altech-chemicals-establish-its-r-d-laboratory-in-perth-western-australia-67735 Indonesia’s first and largest smelter grade alumina...
One of Europe’s largest vertically integrated aluminium producers by production capacity and trading on the Bucharest Stock Exchange, Alro needs to cover some 30% of its consumption through the spot market purchases, following multiple suppliers discontinued their contracts. Alro is considered one of the biggest power consumers in Romania and the largest company with a vital contribution to local and national economic development. The spot market price hikes on one hand stressed the suppliers to discontinue their contracts, as it was pre-assumed that they were not shielded by long-term agreements with power producers for the quantity sold in advance to the aluminium producers, however, it also leaves Alro exposed to high production costs. Marian Năstase, Chairman and non-executive member...
