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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In April 2021, India’s aluminium scrap imports from the United States stood at 30,300 tonnes, almost flat compared to 29,700 tonnes in March 2021, found US Geological Survey. In February, India imported 27,200 tonnes of aluminium scrap from the US, 12.86 per cent more than 24,100 tonnes in January. India’s aluminium scrap imports in March grew 9.19 per cent from its previous month. On a year-on-year calculation, India’s aluminium scrap imports from the US in April 2021 jumped 191 per cent from 10,400 tonnes. In the first four months of the year, India’s total aluminium scrap imports from the US amounted to 111,000 tonnes, up 4.72 per cent from 106,000 tonnes during the same period last year. The United States aluminium scrap exports in April 2021 came in at 172,000 tonnes, reflecting an...
National Aluminium Company Limited (NALCO) sharply increased its aluminium ingot and aluminium products prices by INR 9,600 per tonne or 4.6 per cent on Wednesday, June 30. That brought its aluminium ingot price at INR 212,850-216,350 per tonne in comparison with 203,250-206,750 per tonne on Friday, June 25. Aluminium wire rod price came in at INR 216,350-220,700 per tonne with effect from June 30 against INR 206,750-211,100 per tonne on June 25. NALCO’s aluminium billets price also saw a hike of INR 9,600 per tonne from INR 206,700-209,350 per tonne to INR 216,300-218,950 per tonne as of June 30. NALCO, like any other Indian aluminium producer, links its aluminium ingot and aluminium product prices to the three-month futures of aluminium on the London Metal Exchange, which after June 25...
The Japanese economy is expected to grow and avoided skidding into recession this quarter but an extension of emergency measures to stem a rise in coronavirus infections has dented the growth outlook, a Reuters poll reflected. The island country in East Asia, located in the northwest Pacific Ocean, Japan has recorded an export of 475,502 tonnes of aluminium scrap during 2019-20 and the revenue generation occurred due to the export was $499.77 million. Japan’s export of aluminium scrap in 2019 was booked at 220,763 tonnes and the earnings accounted remained at $228.60 million, whereas, in 2020 the export saw a rise by 15.39%, as the export volume grew to 254,739 and the earnings pumped to $271.17 million. The export for 2021 has been analysed with further growth of 34.14%, as the export...
According to the International Aluminium Institute data, alumina production in East & Central Europe in May 2021 stood at 425,000 tonnes, reflecting a month-on-month increase of 26,000 tonnes or 6.52 per cent. In April, East & Central Europe produced 399,000 tonnes, which stood almost flat compared to 398,000 tonnes in March 2021. On a year-on-year calculation, East & Central Europe’s alumina production in in May 2021 edged 13.64 per cent higher than 374,000 tonnes. Total production during January-May 2021 stood at 1.991 million tonnes, up 6.76 per cent from 1.865 million tonnes during the same period last year. In West Europe, alumina production in May 2021 stood at 467,000 tonnes, up 27,000 tonnes or 6.14 per cent from 440,000 tonnes in April 2021. However, on a year-on-year basis,...
Prebaked anode price in East China market has climbed by RMB 112.5 per tonne on Thursday, July 01, after remaining restrained since June 1. The price stands at RMB 4825 per tonne. It is likely to range at RMB 4300-5350 per tonne. Central China’s prebaked anode prices has also risen by RMB 75 per tonne to stand at RMB 4525 per tonne on Thursday, 01 July 2021. SMM aluminium ingot price has registered a drop for the third day in a row. The price has declined by RMB 50 per tonne to RMB 18730 per tonne on Thursday, 01 July 2021. The average price is expected to range between RMB 18710 per tonne and RMB 18750 per tonne. The aluminium alloys (ADC12) price stands at RMB 18150 per tonne, a decline of RMB 50 per tonne. The price is expected to range at RMB 18050-18250 per tonne. The prices of...
According to the data released by the United States Geological Survey for April 2021, US domestic primary aluminium production stood at 72,000 tonnes – 4 per cent or 3,000 tonnes less than 75,000 tonnes produced in March 2021. On a year-on-year calculation, the output edged 21.74 per cent or 20,000 tonnes lower than 92,000 tonnes. The daily average production in the said month was 2,410 tonnes, unchanged from that in March and 21 per cent less than in April 2020. Total aluminium recovered from scrap in April 2021 was 263,000 tonnes, 3.31 per cent down from 272,000 tonnes in March but 6.91 per cent up from 246,000 tonnes in April 2020. Of this, 145,000 tonnes was recovered from new scrap, while 119,000 tonnes from old scrap. In April, the United States average spot market primary aluminium...
The Australian listed resources company, FYI Resources, which is focused on developing an innovative and vertically integrated high quality, high-purity alumina for use in various high growth tech applications has developed an independent environmental, social, and governance (ESG) reporting platform to centralize the company’s ESG data and assist in managing key metrics. FYI has engaged Socialsuite, the globally acknowledged ESG impact monitoring technology company to establish and maintain a tailored reporting platform, following the awarding of an excellent independent ESG rating and to pursue building on its ESG credentials. The ESG platform will serve the company to effectively measure, monitor, and report on its ongoing ESG progress. FYI will monitor and track its ESG progress...
Three-month LME aluminium decreased 0.36 per cent to end at US$ 2,523 per tonne on Wednesday, and is expected to trade between US$ 2,500-2,550 per tonne today. LME aluminium cash (bid) price and LME official settlement price extended growth by US$ 4.50 per tonne to close at US$ 2,523 per tonne on Wednesday, June 30. 3-months bid price and 3-months offer price stood at US$ 2,535 per tonne, up by US$ 2 per tonne from US$ 2,533 per tonne. However, Dec 22 bid price and Dec 22 offer price decreased from US$ 2,475 per tonne on June 29 to US$ 2,469.50 per tonne on June 30. LME aluminium opening stock grew from 1577175 tonnes to 1578075 tonnes. Live Warrants totalled 951875 tonnes, while Cancelled Warrants stood at 626200 tonnes. LME aluminium 3-months Asian Reference Price rose from US$ 2,519.91...
The commerce ministry of India has been recommended for the imposition of anti-subsidy duty on certain types of aluminium wires imported from Malaysia for five years. This is a movement focused on safeguarding the domestic players from imports that are subsidized in Malaysia. Directorate General of Trade Remedies (DGTR), the finance ministry’s investigation arm in its detections after a probe stated that imposition of definitive anti-subsidy duty is required to counterbalance subsidization. DGTR said in a notification: "The authority recommends imposition of definitive countervailing duty for five years." “The authority considers it necessary to recommend imposition of the duty on the imports”, it added. However, the finance ministry takes the final call on the imposition of the duty. The...
On 29th June 2021, the construction of the first commercial-scale prototype cells of ELYSIS’ inert anode technology commences at Rio Tinto’s Alma smelter in Saguenay-Lac-Saint-Jean, Quebec eliminating all direct greenhouse gases from aluminium smelting, which is considered a major step forward. The Honourable Francois-Philippe Champagne, Minister of Innovation, Science and Industry joined representatives from ELYSIS, Alcoa and Rio Tinto to mark the commencement of construction and announce a further $20 million financial contribution from the Government of Canada to support the project. The federal government's financial support will enable the creation of a unique commercial size inert anode technology showroom for future customers and will help develop the supply chain by involving...
Vedanta Limited has increased its aluminium products and aluminium ingot prices by INR 5,500 per tonne or 2.5 per cent with effect from Wednesday, June 30. With the latest rise, Vedanta’s aluminium wire rod price has come in at 222,750-230,250 per tonne compared to INR 217,250-224,750 per tonne on June 28. Vedanta at present is selling its aluminium billet at INR 223,250 per tonne as against INR 217,750 per tonne on Monday, June 28. Vedanta’s aluminium ingot price is standing at INR 215,250-228,250 per tonne as of June 30. On June 28, the company’s aluminium ingot selling price was INR 209,750-222,750 per tonne. Vedanta links its aluminium products and aluminium ingot prices to the three-month futures of aluminium on the London Metal Exchange, which after June 25 increased by US$ 67.50...
Hindalco Industries Limited has reported a further rise in its aluminium ingot and aluminium products prices, with effect from Wednesday, June 30. In comparison with the price last day, Hindalco's aluminium ingot price surged by INR 5,750 per tonne to reach at INR 215,750 per tonne, as of June 30. During June 26-29, Hindalco's aluminium ingot selling price was INR 210,000 per tonne. Hindalco’s aluminium wire rod price has also witnessed a hike of INR 5,750 per tonne from INR 221,100 per tonne on June 26 to INR 226,850 per tonne on June 30. The company’s aluminium billets price has come in at INR 222,850 per tonne with effect from June 30, also up by INR 5,750 per tonne from INR 217,100 per tonne. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures...
Aluminium Stewardship Initiative announced last week that it welcomed Dadco Alumina and Chemicals Limited as a new Production and Transformation member. That brought the total number of ASI members to 175. Dadco is an international group active in the aluminium industry. It is a leading supplier of high quality alumina-based products and services in Europe committed to the highest EHS standards and ISO certified in all relevant domains. Its extensive knowledge of the worldwide aluminium industry in built on decades of experience and numerous relationships within the industry sector. Dadco Alumina and Chemicals’ production facility, facility, the Aluminium Oxid Stade (AOS) refinery, is located in Lower Saxony spread across 40km West of Hamburg. It has a current production in excess of one...
The LME complex ended mostly higher on Tuesday, June 29, with aluminium rose 0.4 per cent. LME aluminium benchmark price gained 2.45 per cent. LME aluminium cash (bid) price and LME official settlement price surged by US$ 60.50 per tonne to come in at US$ 2,518.50 per tonne on Tuesday, June 29. 3-months bid price and 3-months offer price stood at US$ 2,533 per tonne, up by US$ 55.50 per tonne from US$ 2,477.50 per tonne. Dec 22 bid price and Dec 22 offer price increased from US$ 2,437 per tonne on June 28 to US$ 2,475 per tonne on June 29. LME aluminium opening stock further declined from 1586150 tonnes to 1577175 tonnes. Live Warrants totalled 941875 tonnes, while Cancelled Warrants stood at 635300 tonnes. LME aluminium 3-months Asian Reference Price grew from US$ 2,487.67per tonne to...
Aluminium alloys prices in China have recorded a plunge today, on June 30, found the Shanghai Metals Market. After remaining restrained for a week, aluminium alloys (ADC12) price and aluminium alloy (A380) price have decreased by RMB 100 per tonne to settle at RMB 18,200 per tonne and RMB 19,200 per tonne, respectively. Their average prices are expected to range between RMB 18,100-18,300 per tonne and RMB 19,100-19,300 per tonne. Aluminium alloy (A356) price has also registered a decline of RMB 100 per tonne to come in at RMB 19,350 per tonne as of June 30, following a restraint for a day. The average prices are likely to range between RMB 19,300-19,400 per tonne. A00 aluminium ingot price has also decreased across the major markets in China, found SMM. As of Wednesday, China’s primary...
The economy of Sweden is regaining its movement, with projected GDP growth close to 4% in 2021 and 3½% in 2022, on the back of rising exports, which boost manufacturing production and investment, and strong fiscal and monetary support. The Scandinavian nation with thousands of coastal islands and inland lakes, Sweden recorded 290,813 tonnes of aluminium scrap export during 2019-20 and the earnings raised from the scrap export remained at $236.26. In 2019, the country’s aluminium scrap export was registered at 143,678 tonnes and the earnings accounted for $127.95 million, whereas, in 2020, the export saw a rise by 2.40%, as the export volume grew to 147,135 tonnes, while the earnings plunged to $108.31 million. The export for 2021 is predicted with a further minimal rise by 0.07%, as the...
Welcome to “Day 2” of AlCircle Expo 2021. The event goes live at 9 AM GMT, and we look forward with pleasure to meet more attendees and explore more new business ideas throughout the day. As you know, AlCircle Expo 2021 is a virtual event designed to bring top-notch aluminium industry players from the entire value chain under one roof. When travel is still a constraint, AlCircle strives to offer an online platform where you can meet and greet your old and new customers, expand business networks, and bag some latest and exclusive insights into the industry. The event is driven by more advanced technology this year to enable participants build a stronger network. Besides video calls, exchange of digital business cards, brochures, and product demos, AlCircle Expo 2021 will feature more...
The leading metal producer of India, Vedanta Limited has floated an attractive offer for Micro, Small and Medium Enterprises (MSMEs) in the manufacturing industry observing the World MSME Week. As per the promotional statement, under the company’s Vedanta Saathi programme MSMEs can obtain a discount of INR 500 per tonne on the first 500 tonnes of purchase in Aluminium and on other company produced commodities, on a first come first served basis, while it has been highlighted that scheme will be active for this week only, ending 3rd July 2021. The eligibility criteria to avail this offer, MSMEs must have manufacturing operations in the metals business, with an actual manufacturing setup and must possess Udyog Aadhaar Number (UAN) and Registration Certificate. ''To avail the scheme and get...
