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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Novelis plant in Yeongju, Korea, has bagged the ASI Performance Standard certification for recycling, re-melting, and manufacturing of aluminium coil and sheet activities. This news came after Aluminium Stewardship Initiative announced that it successfully certified Novelis Korea Limited plant at Yeongju for responsible production, sourcing, and stewardship of aluminium. The Novelis plant produces flat-rolled aluminium products serving the beverage can, food packaging, construction, and electronics markets across Asia. The plant’s recycling facility is the largest of its kind in Asia with a recycling capacity of 320,000 tonnes of aluminium annually. The ASI Performance Standard defines environmental, social, and governance principles and criteria, intending to address sustainability...
As per the World Economic Outlook report presented by the International Monetary Fund in April, it stated that Azerbaijan’s economy is forecasted to grow at 2.3% in 2021. Meanwhile, the national economy is expected to grow at 1.7% in 2022. The forecast for the current year is improved by 0.3% points compared to the previous forecast. 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. In 2018, Azerbaijan’s import was registered at 377 tonnes and the...
South Korea's imports of aluminium scrap from the US stood at 21,900 tonnes in April, with a year-on-year decrease of 9%. South Korea had imported 24,100 tonnes in April 2020. On a monthly basis, imports increased by 11% from 19,700 tonnes in March 2021, as updated by the US Census Bureau. South Korea imported 86,900 tonnes of aluminium scrap in the first four months of 2021, from 97,600 tonnes imported in the first four months of 2020. This marked a decrease of 11% year-on-year. South Korea's imports of total aluminium (semi-finished products, crude metals and alloy and scrap) from the US stood at 23,300 tonnes in April 2021. That was down from 26,400 tonnes in April 2020, but up 20,800 tonnes in March 2021. In January-April, total imports came in at 92,000 tonnes, an increase from...
Operating rates across major aluminium processors in China decreased slightly by 0.3 percentage point last week to stand at 73.1 per cent. Decline in orders, particularly in the real estate, transportation, and durable good sectors, with the arrival of traditional off-season contributed to this fall, found SMM. Operating rates at major primary aluminium alloy enterprises dropped to 59.2 per cent as poor car sales, chip shortage and high temperature continued to suppress demand for the metal. However, the China Passenger Car Association (CPCA) has predicted that the impact of chip shortage will reduce in the near future and that the chip shortage will get resolved by September with the release of more production capacity. Operating rates of major aluminium plate and strip enterprises saw a...
Vedanta has hiked its aluminium products price by more than 1%. With effect from Saturday, July 3 2021, the prices of some aluminium ingots have risen by INR 4,000 per tonne to stand at INR 219,750-232,750 per tonne, from INR 215,750-228,750- per tonne on July 2. The billets price stands at INR 227,750 per tonne on Thursday, July 3 2021, marking an increase of INR 4,000 per tonne from INR 223,750 per tonne on June 30. 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$ 2539.5 per tonne on Monday, July 5, from US$ 2519.5 per tonne on Friday. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a stake in Bharat...
On July 2, 2021, 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, a wholly-owned subsidiary of Hydro, was founded in 1949. It 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 four tube lines, with 185 employees. Aurelius Group is a pan-European investment group, focused on acquiring corporate carve-outs and companies with operational improvement and growth potential, with...
Benchmark aluminium price on London Metal Exchange rose 0.79 per cent to US$ 2539.5 per tonne on Monday, July 5, from US$ 2519.5 per tonne on Friday. As of Monday, July 5, LME aluminium cash (bid) price stands at US$ 2539.50 per tonne, LME official settlement price stands at US$ 2539.50 per tonne; 3-months bid price stands at US$ 2558.50 per tonne, 3-months offer price is US$ 2558.50 per tonne; Dec 22 bid price stands at US$ 2507.50 per tonne, and Dec 22 offer price stands at US$ 2507.50per tonne. The LME aluminium opening stock stood at 1552250 tonnes. Live Warrants totalled 933850 tonnes and Cancelled Warrants were 618400 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2568.86 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE decreased to...
The entire 10,000 tonnes of aluminium dross, a by-product of the aluminium smelting process, which stored in Mataura old paper mill site next to the Mataura River has been removed. David Parker, Environment Minister of New Zealand has welcomed the decision that on 30th July, the last bags of dross were moved from Mataura and stored in watertight shipping containers at New Zealand Aluminium Smelters' Tiwai Point. The Minister said: "The safe removal means Mataura residents no longer need to worry about the risk from the material, which gives off ammonia gas if it gets wet.” "I'm glad that the dross has now gone from Mataura and local residents don't need to worry any longer. The safe removal will protect the wellbeing of Southland's people and its waterways.” "Now that the Mataura site has...
On Tuesday, July 6, A00 aluminium ingot price in China has slowed down its growth to RMB 20 per tonne compared to the sharp rise of RMB 430 per tonne on the previous day. According to the Shanghai Metals Market, the price is standing at RMB 19,120 per tonne, with average prices expected to range between RMB 19,100 per tonne and RMB 19,140 per tonne. Spot contract is likely to be traded at a premium price of RMB 50-10 per tonne. In Wuxi, Hangzhou, and Linyi, primary aluminium ingot price has climbed RMB 30 per tonne to come in at RMB 19,120 per tonne, RMB 19,130 per tonne, and RMB 19,050 per tonne, respectively. In Gongyi, primary aluminium ingot price has gained RMB 20 per tonne to RMB 19,010 per tonne, while the price in Foshan and Shenyang has increased by RMB 10 per tonne to peg at RMB...
The Norwegian aluminium company, Hydro’s Aluminium Metal unit has inked a letter of intent (LOI) to acquire land to develop a “state-of-the-art aluminium recycling plant” in Cassopolis, Michigan, that will produce aluminium extrusion ingot. The European company said: “The planned facility in Cassopolis, which is about 45 miles southwest of Kalamazoo, Michigan, represents a key step in Hydro’s ambition of doubling its recycling of post-consumer aluminium by 2025. The aluminium produced will be used in automotive and other transportation applications and for building products.” The LOI between Hydro Aluminium Metal and landowner Midwest Energy and Communications is based on Hydro’s proposal to construct a facility in Cassopolis so that starting the year 2023 it can produce 120,000 tonnes...
Australian exploration and mining company, Metro Mining has appointed Simon Wensley as the new Managing Director and CEO. Chief Executive Officer and Managing Director Simon Finnis have stepped down from his role effective 5th July 2021 following six and a half years in the position. Simon Wensley is carrying over three decades of experience in metals and mining, majorly with Rio Tinto as CCO of its energy group, and Managing Director of the bauxite, alumina sales, and marketing division. Metro Mining said: “Simon Finnis would assist in the transition to Mr. Wensley on an advisory basis over the next 12 months.” Metro’s appointment of Simon Wensley comes up with a base salary of $540k, which will be to be reviewed each year. The mining company has revealed that Wensley will receive 80% of...
Altech Chemicals Limited, the Australian Securities Exchange-listed company has notified that is it has established its own research and development laboratory in Perth, Western Australia. The establishment was smoothly transformed to Altech’s R&D laboratory, as it was previously occupied by an environmental consulting business. Since, May 2021, the laboratory has been in a commissioning phase and was close to finalization. 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. However, previously this work was being conducted at Curtin University (WA) and needed to be scheduled around laboratory availability, which did not...
The GDP of Lithuania grew 1.2% Y-o-Y in Q1 2021, contrasting the 1.2% drop tallied in Q4 2020 and the reading was revised up from the preliminary estimate of a 1.0% expansion, according to a second estimate released on 1 st June by FocusEconomics. The country holds some aluminium downstream and end-user facilities, which create a good amount of aluminium scrap and by way of exporting, it contributes to the economy. The nation in the Baltic region of Europe, Lithuania has booked 55,821 tonnes of aluminium scrap exportation during 2018-20 and the revenue generated from the export accounts for $55.90 million. Lithuania’s export of aluminium scrap in 2018 was registered at 11,904 tonnes and the earnings remained at $13.64 million, whereas, in 2019, the export displayed rapid growth by 81.80%,...
In May 2021, alumina production in North America stood at 329,000 tonnes, reflecting a month-on-month increase of only 2,000 tonnes or 0.61 per cent, found the International Aluminium Institute. In April, alumina production in North America was 327,000 tonnes, 3.25 per cent less than 338,000 tonnes in March. On a year-on-year calculation, North America’s alumina production in May, however, stood 4.91 per cent lower than 346,000 tonnes. In the first five months of 2021, production in North America totalled 1.642 million tonnes, down by 1.38 per cent from 1.665 million tonnes. In South America, alumina output in May 2021 came in at 99,000 tonnes, which was up by 4,000 tonnes or 4.21 per cent from 95,000 tonnes in April. On a year-on-year basis, South America’s alumina production in May grew...
Hindalco Industries Limited further increased its aluminium wire rod and billets prices, although slower than the previous day, with effect from Saturday, July 3. Both aluminium wire rod and aluminium billets prices rose by INR 3,500 per tonne to come in at INR 230,350 per tonne and INR 226,350 per tonne, respectively. On the previous day, June 30, the prices stood at INR 226,850 per tonne and INR 222,850 per tonne, respectively. Hindalco’s aluminium ingot price also saw an increase of INR 3,500 per tonne from INR 215,750 per tonne on June 30 to INR 219,250 per tonne on July 3. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which on July 1 decreased to US$ 2,418 per tonne from US$ 2,523 per tonne on...
According to the Shanghai Metals Market, A00 aluminium ingot price has opened the week on Monday with a surge of RMB 430 per tonne, following consecutive declines in the past four days. Data shows the price is standing at RMB 19,100 per tonne as of July 5. The average prices are expected to range between RMB 19,080 per tonne and RMB 19,120 per tonne, with spot contract to be traded at a premium price of RMB 50-10 per tonne. In Chongqing, A00 aluminium ingot price has climbed by RMB 415 per tonne to settle at RMB 19,085 per tonne, followed by the increase of RMB 410 per tonne in Hangzhou and Wuxi to RMB 19,100 per tonne and RMB 19,090 per tonne, respectively. In Foshan and Shenyang, primary aluminium ingot price has jumped by RMB 400 per tonne to come in at RMB 19,180 per tonne and RMB...
Indonesia’s first and largest smelter grade alumina producer, PT Well Harvest Winning Alumina Refinery management took seriously the issue of a strike that will be carried out by the PK-SBSI labour union and PT Well Harvest Winning Alumina Refinery’s FSBSPK regarding the issue of the structure of the employee wage scale on 5th July 2021. Boni Subekti, Director of PT Well Harvest Winning Alumina Refinery, said: “The company is always open to communicating in discussions aimed at finding the best solution.” “The company had carried out its obligations regarding the payment of employee rights that had been agreed upon in the collective work agreement (PKB).” “Based on the records, there is no agreement in the CLA that is not executed by the company. If there is any, then it is related to...
The LME complex performed similarly on Friday, with aluminium rose 1.93 per cent. LME aluminium cash (bid) price and LME official settlement price grew US$ 38.50 per tonne to close at US$ 2,519.50 per tonne on Friday, July 2. 3-months bid price and 3-months offer price rebounded to US$ 2,535 per tonne from US$ 2,497.50 per tonne on July 1. Dec 22 bid price and Dec 22 offer price increased from US$ 2,453 per tonne on July 1 to US$ 2,488.50 per tonne on July 2. LME aluminium opening stock decreased from 1568900 tonnes to 1562950 tonnes. Live Warrants totalled 934350 tonnes, while Cancelled Warrants stood at 628600 tonnes. LME aluminium 3-months Asian Reference Price rose from US$ 2511.05 per tonne to US$ 2517.59 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE opened...
