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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International Aluminium Institute (IAI) has appointed two new members to the team to support the Association’s environmental awareness mission. Dr Paul Marsh becomes new Health, Safety & Environment Program Manager, while Lavinya Kugaswaran as Environment (Bauxite & Alumina) Program Manager. Dr Paul Marsh has experience in scientific and regulatory affairs within the metals industry and an MChem (Hons) and a DPhil in chemistry. Dr Paul will be responsible for overseeing the IAI’s broad science work programme. Institute mission include increased awareness to the unique circular nature of aluminium recyclability, promoting R&D into recycling aluminium, healthy, safe and environmentally sound production of aluminium and Communicate between agencies, members and other parties on global...
Sanjeev Gupta owned GFG Alliance’s deal with the Scottish Govt. stated that the government undertakes the cost of a 25- year electricity supply contract between Lochaber aluminium smelter and the adjoining hydro-plant. The key factor to acquire both the facilities by Sanjeev Gupta’s GFG Alliance in 2016 was the income stream. The Scottish ministers had expected the continued operation of the plant, which employs around 100 people and was acquired from Rio Tinto for £330m by Gupta’s GFG Alliance that will safeguard jobs in the region and allow for a sustainable metal production sector in Scotland. It was further reported that the deal incorporated the commitment of a new aluminium wheel factory, which will create a further 2000 job opportunities, unfortunately, neither eventuated. The...
According to the Shanghai Metals Market data, China’s alumina production in June 2021 stood at 6.12 million tonnes, reflecting a downfall of 4.67 per cent from 6.42 million tonnes in the previous month. The output included 5.91 million tonnes of metallurgical grade alumina, which was 4.84 per cent down from 6.21 million tonnes produced in May. The daily average output of metallurgical grade alumina was 196,800 tonnes as it declined 1.73 per cent month-on-month but increased 7.38 per cent over the year. China’s total metallurgical grade alumina production during January-June came in at 35.33 million tonnes, up 8.25 per cent year-on-year. The decrease in China’s alumina output in June 2021 could be attributed to the shortage of ore in Henan and Shanxi and the general rise in coal prices...
The Zambian economy drove towards a deep recession due to the unfavourable impact of the COVID–19 pandemic. In 2020, the real GDP plunged by an estimated 4.9%, following the 4.0% growth in 2018 and 1.9% in 2019. The landlocked southern African nation, Zambia, during 2018-20 recorded 6139 tonnes of aluminium stranded wires and the expenditure occurred for the import accounted for $12.08 million. Zambia’s imported only 318 tonnes of aluminium stranded wires in 2018 and the expenditure remained at $1.32, whereas in 2019, the import grew by 60.06%, as the import volume grew to 509 tonnes and the expenditure inclined to $1.92 million. The demand for aluminium stranded wire in the country manifested robust growth in 2020, which generated the import volume to 5312 tonnes, an upswing by 943.61%...
Hydro announced that its Rackwitz recycling plant will expand into production of the innovative HyForge forge stock segment. The new plant will start operations by end of first quarter 2023. The expansions will increase the use of post-consumer aluminium to ensure market-leading sustainability performance. “After successfully introducing this product at the Hydro Husnes primary plant, we are now taking this break-through step at Rackwitz for even smaller diameter billets while ensuring a best-in-class climate footprint through using a high share of post-consumer scrap in the process,” said Trond Olaf Christophersen, Head of Recycling in Hydro Aluminium Metal. The facility will serve automotive customers with smaller-diameter, high-quality billets that may be forged directly into...
Alcoa Corporation will supply low-carbon primary aluminum EcoLumTM to WKW Extrusion’s Erbslöh Aluminium for its new brand of semi-finished extrusion alloys. The products will help downstream industries improve the environmental footprint of their products and supply chains with low-carbon, sustainably produced aluminum. Erbslöh Aluminium, based in Germany, will use Alcoa’s low-carbon EcoLumTM for its own NEWTRAL® brand of alloys. The new brand will cut carbon dioxide emissions for customers in the automotive, industrial, furniture accessories, and consumer electronics industries. “Manufacturers and consumers continue to demand the use of more sustainable raw materials across the global supply chain, and our Sustana products continue to see growing interest among customers focused on...
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. With the latest cut, Hindalco is selling its aluminium wire rod at INR 223,350 per tonne, which is also down by 3 per cent or INR 7,000 per tonne from INR 230,350 per tonne almost a week ago. Hindalco’s aluminium billets price is currently standing at INR 219,350 per tonne against INR 226,350 per tonne on July 3. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which during July 1-8 fell from US$ 2,481 per tonne to US$ 2,435 per tonne. On a month-on-month basis, the price is down by US$ 4 per...
SMM aluminium ingot price stands at RMB 18850 per tonne on Friday, July 9, 2021, marking an increase of RMB 30 per tonne from Thursday’s price of RMB 18820 per tonne. The price is expected to move within a range of RMB 18830-18870 per tonne. In Foshan, the price has increased by RMB 20 per tonne to stand at RMB 18900 per tonne on Friday, July 9, 2021. In Wuxi and Hangzhou, the price has inched up by RMB 70 per tonne and RMB 60 per tonne to stand at RMB 18860 per tonne and RMB 18870 per tonne. Aluminium ingot prices in Chongqing, Shenyang, Tianjin, Linyi and Gongyi have increased to stand at RMB 18825per tonne, RMB 18830 per tonne, RMB 18860 per tonne, , RMB 18860 per tonne and RMB 18830 per tonne. Raw materials price of alumina, Australian Alumina FOB Price, Prebaked Anode Central, and Al...
Vedanta Limited has slashed its aluminium products and aluminium ingot prices after a week since it increased the prices by INR 4,000 per tonne on July 3. The company has decreased its aluminium wire rod and aluminium billet prices sharply by INR 7,000 per tonne or 3 per cent with effect from Friday, July 9, in line with the ongoing downtrend of the LME aluminium benchmark price since July 2. The cut today has brought Vedanta’s aluminium wire rod price at INR 220,250-227,750 per tonne from INR 227,250-234,750 per tonne on July 3. Vedanta’s aluminium billet price has come in at INR 220,750 per tonne against INR 227,750 per tonne last day. Vedanta’s aluminium ingot price has also seen a cut of INR 7,000 per tonne on July 9 from INR 219,750-232,750 per tonne to INR 212,750-225,750 per tonne....
The largest auto-components manufacturing and distribution group in India, TVS Group, which owns Sundaram-Clayton stated that the company is well-positioned to grasp emerging market opportunities in the rise of developments that will steer to higher aluminium usage in all types of vehicles. The Chennai-headquartered company, part of $8.5 billion TVS group visions in long term, due to strict emission norms, fuel economy regulations and adoption of alternate drivetrain technologies, the propulsion towards light-weight which is obliged to grow, leading to higher utilization aluminium in all vehicles. The Chairman of SCL, Venu Srinivasan, while presenting the directors’ report to the shareholders in the Annual Report 2021, highlighted that this will empower the organization towards fast-track...
Three-month LME aluminium fell 1.49 per cent to close at US$ 2,450.50 per tonne on Thursday. It is expected to trade between US$ 2,410-2,480 per tonne today. LME aluminium cash (bid) price and LME official settlement price extended decline for the third day in a row sharply by US$ 73.50 per tonne to close at US$ 2,435 per tonne on Thursday, July 8. 3-months bid price and 3-months offer price stood at US$ 2,450 per tonne, down by US$ 78 per tonne from US$ 2,528 per tonne on July 7. Dec 22 bid price and Dec 22 offer price plunged from US$ 2,499.50 per tonne to US$ 2,433.50 per tonne. LME aluminium opening stock decreased from 1526275 tonnes to 1517200 tonnes. Live Warrants totalled 907325 tonnes, while Cancelled Warrants stood at 609875 tonnes. LME aluminium 3-months Asian Reference Price...
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, imports reduced by 13.73 % from 3,060 tonnes in April 2020, as updated by the US Census Bureau. In the first four months of 2021, Taiwan imported 10,000 tonnes of aluminium scrap, from 13,000 tonnes imported in the first four months of 2020, reflecting a drop of 23% year-on-year. Taiwan’s imports of total aluminium (semi-finished products, crude metals and alloy and scrap) from the US stood at 3,270 tonnes in April 2021. That was down from 3,900 tonnes in April 2020 but up from 2,850 tonnes in March 2021. In January-April 2021, total imports came in at 13,000 tonnes, down 18.24% from 15,900 tonnes...
On Thursday, July 8, Rheinmetall AG has announced that it is expecting to bag a significant order of aluminium pistons from a renowned international carmaker. The German defense and automotive company has also said that it has already signed a letter of intent with the carmaker, and the order value is worth 22 million euros ($25.9 million) in sales volume. As mentioned in the letter of intent, Rheinmetall will develop and produce customised aluminium pistons, together with piston ring and piston pin, destined for the four-cylinder petrol engine of a new line of passenger cars made for the North American market. According to the report, both the companies have agreed to run the contract for seven years. Rheinmetall has also informed that production of the components is slated to begin in...
According to the Shanghai Metals Market, aluminium billet inventories have built up 12,600 tonnes or 11 per cent this week on Thursday, July 8, to stand at 123,800 tonnes. SMM found that with the arrival of the traditional off-season, the demand and consumption of downstream aluminium fell, resulting in the increase in inventories. It is expected that outbound quantity of aluminium billet will decrease next week and it is more likely that aluminium billet inventories will continue to pile up. Last week, aluminium billet inventories gained by only 1,400 tonnes from the previous week as aluminium billet outbound volume rose by 12,800 tonnes to 51,100 tonnes. The chart below indicates the current status of aluminium billet inventories across China in more details: Wuxi has seen the highest...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, dropped 18,000 tonnes this week. The stocks stood at 858,000 tonnes as of Thursday, 08 July 2021. The chart below shows the status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Wuxi continued to contribute to the decrease, marking a drop of 18,000 tonnes. The inventories came in at 306,000 tonnes. Shanghai, Nanhai and Chongqing stocks fell by 2,000 tonnes, 5,000 tonnes and 1,000 tonnes to stand at 87,000 tonnes, 235,000 tonnes and 2,000 tonnes. Linyi stocks remained unchanged at 3,000 tonnes. Inventories of primary aluminium in Hangzhou, Gongyi and Tianjin stood at 91,000 tonnes, 62,000 tonnes and...
According to the US Census Bureau report, the country imported 34,200 tonnes of aluminium scrap from Canada in April 2021. That was almost flat compared to 34,800 tonnes in March 2021. However, the import volume in March increased month-on-month by 5,500 tonnes or 18.77 per cent from 29,300 tonnes in February. On the other hand, on a year-on-year calculation, the United States aluminium scrap imports from Canada stood double than 17,000 tonnes. In the first four months of the year, the United States aluminium scrap imports from Canada totalled 133,000 tonnes, up 25.47 per cent from 106,000 tonnes during the same period last year. The United States total aluminium imports (including aluminium crude metals and alloys and aluminium plates, sheets and bars) from Canada amounted to 299,000...
National Aluminium Company Limited’s (NALCO) aluminium ingot and aluminium products prices have extended their hikes for the third time in a row, from June 25 to July 7. With the latest rise on Wednesday, July 7, NALCO’s aluminium ingot price has come in at INR 217,750-221,250 per tonne, up by INR 4,900 per tonne or 2.30 per cent from INR 212,850-216,350 per tonne on June 30. NALCO’s aluminium wire rod and aluminium billets prices have also witnessed an increase of INR 4,900 per tonne on July 7. While the former is now standing at INR 221,250- 225,600 per tonne against INR 216,350-220,700 per tonne on June 30, the latter is ranging between INR 221,200-223,850 per tonne compared to INR 216,300-218,950 per tonne on the previous day. NALCO, like any other Indian aluminium producer, links its...
Three-month LME aluminium fell 0.74% to close at US$2,487.5 per tonne on Wednesday. SMM expects the contract to trade between US$2,480-2,560 per tonne today. As of Wednesday, July 7, LME aluminium cash (bid) price stands at US$ 2508.50per tonne, LME official settlement price stands at US$ 2508.50per tonne; 3-months bid price stands at US$ 2528 per tonne, 3-months offer price is US$ 2528 per tonne; Dec 22 bid price stands at US$ 2499.50 per tonne, and Dec 22 offer price stands at US$ 2499.50per tonne. The LME aluminium opening stock stood at 1526275 tonnes. Live Warrants totalled 908225tonnes and Cancelled Warrants were 618050 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2518.36per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE decreased to...
