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 week remained quite less hyper for the end-user segment, although small economies have shown better results than larger economies, as Sri Lanka’s largest cable manufacturer ‘Sierra Cables Group’ escalates all-time financial result in FY21 and on the other hand French Polynesia’s import of aluminium cans during 2018-20 displays gradual growth with a downfall. Oman, a nation on the south-eastern coast of the Arabian Peninsula in Western Asia has recorded import of 7760 tonnes of aluminium foil during 2019-20 and the expenditure occurred for the import remained at $23.07 million. To know more: https://www.alcircle.com/news/omans-import-of-aluminium-foil-during-2019-20-demonstrates-sharp-downfall-140-growth-predicted-for-2021-67717 The French overseas territory with significant political...
The global aluminium industry’s downstream segment went on a lighter note this week. The vital news for the aluminium industry remains, Sanjeev Gupta’s GFG Alliance avoids the collapse of Liberty Aluminium Technologies with a £10 million loan repayment. On the other hand, India’s leading aluminium producer, Vedanta increases it's aluminium products prices by more than 2% w.e.f June 30. While in West Africa the Nigerian pride in aluminium profiles ‘ALEX’ declares the resignation of 3 directors from its board. The steep rise in raw material prices is denting micro, small and medium enterprises (MSMEs) and govt. of India should entail immediately to intervene through policy decisions, said Goa State Industries Association (GSIA). Along with 170 MSME associations across India, GSIA has...
The British metal magnate Sanjeev Gupta is in discussions with commodity trading house Glencore to refinance debt at his European aluminium business, a deal which would permit Gupta to retain control of one of his best assets. Sanjeev Gupta owned GFG Alliance employs around 35,000 people from the UK to Australia, has been struggling to restructure and refinance its debt after the collapse of its principal lender Greensill Capital. The Anglo-Swiss multinational commodity trading company, Glencore is in talks to refinance more than $500 million of debt towards the business of GFG Alliance’s aluminium arm, Alvance with assets in France and Belgium, as reported by our sources. Glencore’s agreement with GFG Alliance would empower Gupta to hold his chair as owner, invariance to a previous...
According to a report from the International Aluminium Institute this week, primary aluminium production in Africa grew 4.62 per cent month-on-month in May to stand at 136,000 tonnes. On a year-on-year calculation, the output stood 3,000 tonnes lower than 139,000 tonnes. In the first five months of 2021, primary aluminium production totalled 651,000 tonnes, down by 3.41 per cent from 674,000 tonnes a year ago. To know more: https://www.alcircle.com/news/primary-aluminium-production-in-africa-falls-4-62-m-o-m-to-136-000-tonnes-in-may-2021-67680 The United States Geological Survey reported that the US domestic primary aluminium production stood 4 per cent or 3,000 tonnes lower at 72,000 tonnes in April 2021, compared to 75,000 tonnes in March. On a year-on-year calculation, the output in...
LME aluminium cash (bid) price and LME official settlement price built-up US$ 61.50 per tonne this week ended on July 2. The week started on June 28 with an increase of US$ 7 per tonne in both LME aluminium cash (bid) price and LME official settlement price from US$ 2,451 per tonne to US$ 2,458 per tonne. On June 29, the prices surged to US$ 2,518.50 per tonne, which further expanded to US$ 2,523 per tonne on Wednesday, June 30. However, on Thursday, July 1, the prices plunged by US$ 42 per tonne to come in at US$ 2,481 per tonne. Nonetheless, they rebounded on Friday to end the week at US$ 2,519.50 per tonne. 3-months bid price and 3-months offer price increased by US$ 57.50 per tonne this week from US$ 2,477.50 per tonne to US$ 2,535 per tonne. Dec 22 bid price and Dec 22 offer price...
The metal aluminium does not exist in a pure state in nature and it begins with bauxite ore exploration then processing to alumina, which further transforms to aluminium. Canada is ranked among the top global primary aluminium producers. There are 10 primary aluminium smelters in Canada, one is located in Kitimat, British Columbia, and the other nine are in Quebec. There is also one alumina refinery, located in Jonquière, Quebec, while bauxite mining does happen in Canada. The Northern American nation recorded 93,22,121 tonnes of bauxite importation during 2018-20 and the revenue expended for the import of bauxite was accounted for $477.77 million. In 2018, bauxite importation in Canada was registered 20,77,246 tonnes and the expenditure remained at $111.32 million, whereas, in 2019 the...
According to the Shanghai Metals Market, social inventories of primary aluminium gained 2,000 tonnes this week across eight major consumption areas, including SHFE warrants. Thus, the inventories came in at 876,000 tonnes as of Thursday, July 1. Last week on June 24, the inventories stood at 874,000 tonnes after falling by 16,000 tonnes from the previous week. The chart below shows the current status of primary aluminium inventories across China in more details: Among all the major Chinese cities, Nanhai and Gongyi have witnessed an increase of 12,000 tonnes and 1,000 tonnes, in primary aluminium inventories to 240,000 tonnes and 56,000 tonnes, respectively. Meanwhile, in Chongqing and Linyi, primary aluminium inventories have remained restrained at 3,000 tonnes and 13,000 tonnes,...
The Anglo-Australian multinational and the world's second-largest metals and mining corporation Rio Tinto is examining the technical implications of using hydrogen as a form of renewable energy in place of natural gas to reduce emissions from refining alumina. The feasibility study amounting to A$1.2m, which is equally funded by the mining company and the Australian Renewable Energy Agency (ARENA) and will aim at replacing natural gas used during the calcination process. This is the last step in the production of alumina from bauxite and involves heating the mineral at around 1,000 degrees centigrade in heaters known as calciners. Rio Tinto will use a lab-scale reactor at its Bundoora Technical Development Centre in Melbourne, Victoria, to simulate calcination heated by hydrogen. It will...
The navigation to shrink dependence on imported materials and technology, particularly from China, India is gearing to invest in a battery technology that uses aluminium rather than lithium as the crucial ingredient. India’s largest oil refiner, Indian Oil Corporation has already collaborated with Israeli start-up company Phinergy to produce aluminium-air batteries. As India faces the scarcity of the ore to produce lithium, the vital metal for this age of electric-vehicle batteries, while the nation holds huge reserves of bauxite, the ore to produce aluminium. S.S.V. Ramakumar, R&D Director, Indian Oil, said: “Lithium is scarce in the country and we started scouting for an element which is abundantly available as a natural resource.” India ranks among the top 10 global bauxite producers....
Vedanta has raised its aluminium products price by more than 1%. With effect from Thursday, July 1 2021, the prices of some aluminium ingots have risen by INR 3,750 per tonne to stand at INR 219,000-232,000 per tonne, from INR 215,250-228,250- per tonne on June 30. The billets price stands at INR 227,000 per tonne on Thursday, July 1 2021, reflecting an increase of INR 3,750 per tonne from INR 223,250 per tonne on June 30. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price on stood at US$ 2481 per tonne on Thursday, July 1, down from US$ 2523 per tonne on June 30. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a stake in...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China increased by 1,400 tonnes from previous week to stand at 111,200 tonnes as of Thursday, 1 July 2021. Aluminium billet outbound volume rose by 12,800 tonnes to 51,100 tonnes last week, an increase of 33.5%. The inventories are expected to drop next week, and the inventories may increase. The chart below indicates the current status of aluminium billet inventories across China in more details: Foshan saw the largest increase volume by 4,200 tonnes, standing at 53,900 tonnes on Thursday, 1 July 2021. Inventories of aluminium billets in Wuxi and Changzhou rose by 2,560 tonnes and 2,300 tonnes from last week to stand at 12,690 tonnes and 10,500 tonnes on Thursday, 1 July 2021. The...
The Covid-19 pandemic has developed a deadly impact. It created an economic slowdown in Oman, compounded by the whimsy of the international oil market, resulting in a series of youth protests in the country. More than hundreds of unemployed Omani youth, protesting mass layoffs, took to the streets in May 2021 and the government had to use force to put an end to these protests. Oman, a nation on the south-eastern coast of the Arabian Peninsula in Western Asia has recorded import of 7760 tonnes of aluminium foil during 2019-20 and the expenditure occurred for the import remained at $23.07 million. In 2019, Oman imported 5000 tonnes of aluminium foil in the country and the expenditure occurred for the import accounted for $16.14 million, whereas, in 2020 the import saw a sharp downfall by...
SMM aluminium ingot continued to decline to RMB 18670 per tonne on Friday, 2 July 2021, from RMB 18730 per tonne, marking a drop of RMB 60 per tonne. The price is expected to move within a range of RMB 18650-18690 per tonne today. In Foshan and Wuxi, the price declined by RMB 30 per tonne and RMB 60 per tonne to stand at RMB 18780 per tonne and RMB 18680 per tonne on Friday, 2 July 2021. Aluminium prices in Hangzhou and Chongqing stood at RMB 18690 per tonne and 18670 per tonne, down RMB 45 per tonne and RMB 50 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi decreased to stand at RMB 18670 per tonne, RMB 18660 per tonne, RMB 18670 per tonne, and RMB 18610 per tonne on Friday, 2 July 2021. The aluminium alloy (ADC12) price reduced by RMB 50 per tonne to RMB 18100...
The British industrialist Sanjeev Gupta has made a deal to avoid the collapse of Liberty Aluminium Technologies, the key supplier to Jaguar Land Rover, the car manufacturer. As per our latest information, Gupta's GFG Alliance has repaid around £10 million in loans from Close Brothers to Liberty Aluminium Technologies (LAT), one of its UK subsidiaries. The loan repayment has taken place in the last few days; however, it remains gloomy to know how the repayment amount was secured. The loan repayment will support the short-term future of Liberty Aluminium Technologies and prevent the chances of the company’s collapse. The repayment news was revealed, following Sanjeev Gupta’s announcement that he would not appear before MPs, which was planned next week as part of their inquiry into the...
Three-month LME aluminium fell 0.55% to close at US$2,509 per tonne on Thursday. SMM expects the contract to trade between US$2,500-2,550 per tonne today. As of Thursday July 1, LME aluminium cash (bid) price stands at US$ 2481per tonne, LME official settlement price stands at US$ 2481per tonne; 3-months bid price stands at US$ 2497.50per tonne, 3-months offer price is US$ 2497.50per tonne; Dec 22 bid price stands at US$ 2453 per tonne, and Dec 22 offer price stands at US$ 2453 per tonne. The LME aluminium opening stock stood at 1568900 tonnes. Live Warrants totalled 941875tonnes, and Cancelled Warrants were 627025 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2511.05 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE decreased to stand at...
Europe’s single voice for the entire aluminium value chain, European Aluminium Association notified that Ingrid Jörg, President Aerospace and Transportation at Constellium, has been appointed as Chair Person of the association starting on 1st July 2021. European Aluminium represents more than 85 members with over 600 plants in 30 European countries, covering primary and secondary production as well as semi-fabrication. Ingrid Jörg will take over from Emilio Braghi, Senior Vice President and President at Novelis Europe, who chaired the association from January 2019 to June 2021. Mr Braghi served an extended term to support the planned transition to a new Chair during the COVID-19 crisis. Ingrid Jörg on being elected said: “I feel privileged to be elected Chair of European Aluminium, an...
Constellium has expanded its partnership with Audi to supply advanced aluminium solutions for the Audi e-tron GT. Constellium provides ASI-certified aluminium Auto Body Sheet solutions for closures and inner parts and extrusion-based components for the vehicle’s front and rear Crash Management Systems. “We are very proud to partner with Audi for its battery electric e-tron GT,” said Dieter Hoell, Vice President, Global Automotive for Constellium’s Packaging & Automotive Rolled Products business unit. “With its lightweight and energy absorption properties, aluminium is the ideal material for the growing market of electric vehicles. We have developed an integrated offer and unique solutions, both in rolled and structural automotive products, to provide our customers with high-performance...
The global frontrunner in sustainable minerals processing technologies, end-to-end solutions, and services, Metso Outotec has secured a contract for the engineering and delivery of bauxite grinding package to National Aluminium Company’s (NALCO) Damanjodi Alumina Refinery as part of NALCO’s fifth stream expansion project in Odisha, India. Generally, this type of order values around €12-15 million or $14.2-17.8 million, while the order has been booked in the company’s minerals division for the June quarter. Metso Outotec’s delivery comprises the basic design of bauxite silos and engineering and supply of two ball mills with a capacity of 434 t/h each, apron feeders, agitators, slurry pumps, instrumentation, as well as site advisory services. Kamal Pahuja, President of, Middle East, and...
