Australian bauxite producer Metro Mining shipped 752,000 wet metric tonnes (WMT) of bauxite in October 2026, up 14 per cent from September, as operations at its Bauxite Hills Mine in Cape York, Queensland, recovered from earlier disruptions. The company said the factors affecting output in September were progressively addressed during the first half of October. Following a planned two-day maintenance shutdown, operations recorded daily shipment rates above 30,000 tonnes, culminating in the fastest Capesize vessel loading of the year. Mining performance also improved after permanent and temporary staff were added to production crews, alongside a stronger focus on productivity. CEO and Managing Director Simon Wensley said, “ Production crews have been supplemented with permanent and...
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 &...
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According to the Shanghai Metals Market, A00 aluminium ingot price has extended growth by RMB 60 per tonne to come in at RMB 18,830 per tonne on Monday, June 28. The average prices are expected to range between 18,810 per tonne and RMB 18,850 per tonne, with spot contract to be traded at a premium price of RMB 30-10 per tonne. In Wuxi and Shenyang, A00 aluminium ingot price has gained RMB 55 per tonne to stand at RMB 18,825 per tonne and RMB 18,810 per tonne, respectively, on June 28. The price in Chongqing and Linyi has built-up RMB 50 per tonne to close at RMB 18,850 per tonne and RMB 18,830 per tonne, while the price in Tianjin has increased by RMB 40 per tonne to come in at RMB 18,800 per tonne. In Gongyi and Hangzhou, primary aluminium ingot price has inched up by RMB 20 per tonne...
In the global aluminium end-user segment, the week resembled DGTR -India endorsing finance ministry to impose anti-dumping duty on aluminium foil imports from China, Malaysia, Thailand and Indonesia. While in North Wales, Airbus and Magellan Aerospace deal for aluminium and titanium structural wing components supply boosted the site, as the aerospace sector has been considered the worst hit in the pandemic. The South American nation, Peru’s import of aluminium stranded wire during 2019-20 was documented at 17,345 tonnes and the revenue expended for the import remained at $32.04 million. To know more: https://www.alcircle.com/news/perus-import-of-aluminium-stranded-wire-during-2019-20-signifies-express-growth-3-growth-estimated-for-2021-67668 On 21st June 2021, the three-decades-old Aparna...
The global aluminium downstream segment observed some important happenings this week, as Sanjeev Gupta’s Liberty Aluminium Technologies seeks more time to track down buyers. In India Midhani’s aluminium alloy plant in Nellore concludes land compensation proceedings, while in the UK, TRA begins a journey with the investigation of Chinese aluminium extrusions anti-dumping case. Vedanta Limited has further reduced its aluminium products prices, although lower than the previous, with effect from Tuesday, June 22. Vedanta has cut its aluminium wire rod price by INR 1,500 per tonne or 0.71 per cent from INR 211,000-218,500 per tonne on June 19 to INR 209,500-217,000 per tonne on June 22. To know more:...
A unique heat-resistant aluminium alloy with improved durability have been produced by developing technology from the scientists of the National University of Science and Technology “MISiS” (NUST MISIS) in cooperation with their colleagues at the Siberian Federal University and the Research and Production Centre of Magnetic Hydrodynamics (Krasnoyarsk). According to the research team: “This new alloy could replace more expensive and heavier copper conductors in aircraft and high-speed rail transport.” The researchers have developed a process for producing a unique heat-resistant, high-strength wire, which is made from an aluminium alloy, initially cast as a long billet, about 10 mm in diameter, in an electromagnetic crystalliser. They succeeded in deriving a thermally stable structure (up...
World primary aluminium market marked some significant events this week. To start with Hydro Husnes has resumed full operation for the first time in more than a decade. CEO Hilde Merete Aasheim, the mayor of Kvinnherad Municipality, and representatives from Industri Energi and Norsk Industri visited Hydro this week to mark the full operation of the plant with their presence. 200 electrolysis cells are now put into operation for producing 195,000 tonnes of aluminium per year. To know more: https://www.alcircle.com/news/hydro-husnes-back-at-full-capacity-200-electrolysis-cells-to-produce-195-000-tonnes-of-aluminium-put-into-operation-67650 On June 22, Vedanta stated that the coal block which has been allotted would deliver fuel security, enhance power availability and also strengthen the...
The British fine food maker Potts’ is introducing a duo of Mexican cooking sauces packaged in aluminium beer cans. Potts' cooking sauces, gravies, stocks, pour-over sauces, and dessert sauces are perfect for people who crave products with a distinctively homemade taste and authentic ingredients. On 1st July 2021, the new look of Enchilada and Fajita & Taco variants will be available at Tesco supermarkets. The cans feature an “industry-leading” 360-degree lid for dispensing the sauces. Potts’ commented that they could help save five tonnes of plastic per year and would offer a unique product that allowed for ‘better ingredients and quality. In 2019, Potts’ shifted its Beef, Chicken, and Vegetable stock variants from plastic pouches to 500ml aluminium cans – a move it said had already saved...
Hindalco Industries Limited increased its aluminium ingot and aluminium products prices back-to-back with effect from June 23 and June 24. Hindalco is at present selling its aluminium ingot at INR 205,500 per tonne with effect from June 24 after increasing it by INR 1,750 per tonne from the previous day. On June 23, Hindalco’s aluminium ingot price stood at INR 203,750 per tonne, up by INR 1,500 per tonne from INR 202,250 per tonne on June 22. Hindalco’s wire rod price also grew by INR 1,750 per tonne to come in at INR 216,600 per tonne on June 24. On June 23, the price stood at INR 214,850 per tonne against INR 213,350 per tonne on the previous day. The company’s aluminium billets price stood at INR 212,600 per tonne on June 24, also up by INR 1,750 per tonne. On June 23, the price was...
The economic output of Peru indicated that it will grow 10% in 2021 and 4.8% in 2022, supported by a favourable external context. However, these forecasts are strongly conditioned to the maintenance of macroeconomic stability by the new government administration and largely reflect a rebound after the sharp output contraction in 2020. The South American nation’s import of aluminium stranded wire during 2019-20 was documented at 17,345 tonnes and the revenue expended for the import remained at $32.04 million. In 2019, the aluminium stranded wire import in Peru was registered at 3856 tonnes and the expenditure occurred for import was $8.97 million, whereas, in 2020, the import signifies an express growth of 249.81%, as the import volume surge to 13,489 tonnes due to rise in demand at the...
According to the Shanghai Metals Market, secondary aluminium producers operating rates decreased 5.44 percentage points month-on-month to stand at 59.56 per cent, as a result of weak operating rates at small and big secondary aluminium plants. On a year-on-year calculation, operating rates edged up 10.87 percentage points. The average price of aluminium alloys ADC12 stood above RMB 19,000 per tonne. Losses at die-casting companies purchasing spot cargoes expanded to around RMB 2,000 per tonne in early May. Many companies cut output against losses, which also contributed to the fall in secondary aluminium producers operating rates. In addition, lack of chips used in automobiles and weak demand for automobiles also dampened the operating rates. Orders slid sharply and output declined. On...
The Australian exploration and mining company, Metro Mining Limited based in Brisbane, Queensland has floated a $25.5 million equity raise incorporating an arrangement and a pro-rata accelerated non-renounceable entitlement offer. As per the information, approx. 1.6 million shares will be issued at 1.6 cents which represents a 42.86% discount to the last closing price of Metro's shares on 24th May 2021 and a 63.88% discount to the 30-day volume-weighted average price. The arrangement will raise $3.3 million and the one-for-one entitlement offer will raise to $22.2 million. The company's largest shareholder, Greenstone significantly has obligated to take up its consistent interest in the placement and its entitlement under the entitlement offer by investing up to $5 million. Additionally,...
A00 aluminium ingot price in China has rebounded to US$ 18,770 per tonne on Friday, June 25, by gaining RMB 110 per tonne. On the previous day, June 24, the price decreased from US$ 18,770 per tonne to US$ 18,660 per tonne. The average prices are expected to range between 18,750 per tonne and RMB 18,790 per tonne, with spot contract to be traded at a premium price of RMB 20-20 per tonne. Except in Foshan, the growth in A00 aluminium ingot price has touched upon all the major Chinese cities today. In Gongyi and Linyi, primary aluminium ingot price has edged up by RMB 110 per tonne to stand at RMB 18,710 per tonne and RMB 18,780 per tonne, respectively. Hangzhou has seen the highest increase of RMB 170 per tonne to RMB 18,820 per tonne, followed by a hike of RMB 130 per tonne in Shenyang to...
Three-month LME aluminium closed 0.25 per cent higher at US$ 2,440 per tonne on Thursday night, with open interest down 9,400 lots to 685,000 lots, and is expected to trade between US$ 2,400-2,460 per tonne today. LME aluminium cash (bid) price and LME official settlement price grew for the third consecutive day by US$ 11 per tonne to come in at US$ 2,397.50 per tonne as of Thursday, June 24. 3-months bid price and 3-months offer price stood at US$ 2,424 per tonne, up by US$ 8 per tonne from US$ 2,416 per tonne. Dec 22 bid price and Dec 22 offer price increased from US$ 2,397.50 per tonne on June 23 to US$ 2,406 per tonne on June 24. LME aluminium opening stock decreased further from 1616325 tonnes to 1609100 tonnes. Live Warrants totalled 942075 tonnes, while Cancelled Warrants stood at...
The prolonged efforts of Andhra Pradesh Industrial Infrastructure Corporation (APIIC) and the revenue authorities have at last brought the conclusion to land compensation issues that had delayed the proposed aluminium alloy plant of Midhani in association with Nalco, which is spread over 110 acres in Bodduvaripalem near Nellore in the state of Andhra Pradesh, India. Furthermore, it is the first defence manufacturing unit of Mishra Dhatu Nigam (Midhani) outside of Hyderabad and the organisation has planned to invest INR 2,000 crore in the production unit, which has the huge potentiality to create employment. The government holds 57.14 acres of land, while the remaining belonged to the Cooperative Joint Farming Society (CJFS). In 1980, this land was allotted to the poor landless people with...
Vedanta Limited increased its aluminium ingot and aluminium products prices for the second day in a row with effect from Thursday, June 24. The company raised its aluminium wire rod price by INR 1,750 per tonne to INR 212,750-220,250 per tonne on June 24, followed by a hike of INR 1,500 per tonne from INR 209,500-217,000 per tonne to INR 211,000-218,500 per tonne on June 23. Vedanta’s aluminium billet price stood at INR 213,250 per tonne on June 24, also up by INR 1,750 per tonne. On June 23, Vedanta’s billet price rose from INR 210,000 per tonne to INR 211,500 per tonne. Vedanta’s aluminium ingot price also witnessed a rise of INR 1,750 per tonne on Thursday to reach at INR 205,250-218,250 per tonne, followed by a growth of INR 1,500 per tonne from INR 202,000-215,000 per tonne on June...
On 24th Jun2 2921, the officials of the largest country in the world, Russia said that the government is gearing to impose new export taxes for aluminium, steel products, nickel and copper which will cost their producers $2.3 billion between 1st August and 31st. Russia wants to safeguard its defence and construction industries from a further rise in raw materials costs as prices for metals has boomed at a global high level. Andrei Belousov, First Deputy Prime Minister, said: “Our economy is not ready for the kind of avalanche-like shock transfer of global prices to the domestic market that we have seen over the past year.” “The increase in domestic prices for certain metals ranged from 60% to 100%.” Maxim Reshetnikov, Economy Minister said: “Moscow will use the August to December period,...
Aluminium billet inventories in China have dropped by 3,500 tonnes week-on-week across the five major consumption areas to come in at 97,300 tonnes on Thursday, June 24. Last week on June 17, aluminium billet inventories stood at 100,700 tonnes, registering a week-on-week increase of 12,400 tonnes. The chart below indicates the current status of aluminium billet inventories across China in more details: In Wuxi and Huzhou, aluminium billet inventories have decreased by 2,010 tonnes and 2,000 tonnes to come in at 10,120 tonnes and 8,000 tonnes, respectively, while the inventories in Nanchang have slipped by 1,750 tonnes to settle at 21,250 tonnes. Meanwhile, in Foshan and Changzhou, aluminium billet inventories have grown by 1,900 tonnes and 400 tonnes, respectively, to come in at 49,700...
According to the Shanghai Metals Market, China’s social inventories of primary aluminium have continued to decline this week ending on Thursday, June 24. SMM data found the inventories fell 16,000 tonnes to come in at 874,000 tonnes compared to 890,000 tonnes last week on June 17. The chart below shows the current status of primary aluminium inventories across China in more details: In Wuxi, primary aluminium inventories have decreased by 17,000 tonnes from 347,000 tonnes last week to 330,000 tonnes on June 24. In Nanhai and Hangzhou, the inventories have declined by 3,000 tonnes and 1,000 tonnes to stand at 228,000 tonnes and 91,000 tonnes, respectively. Meanwhile, in Shanghai, primary aluminium inventories have grown 3,000 tonnes to stand at 92,000 tonnes, while the inventories in...
The economic outlook of Switzerland rejuvenates with the ease of pandemic cases. According to the Organisation for Economic Co-operation and Development (OECD), the Swiss gross domestic product (GDP) is expected to grow by 3.2% in 2021, upgraded from 2.2% in the previous forecast. The Alpine nation’s export of aluminium containers during 2019-20 was booked at 397 tonnes and the revenue earnings extracted was $6.60 million. In 2019, Switzerland’s export of aluminium containers was recorded at 111 tonnes and the earnings occurred for the export was $0.41 million, whereas, in 2020, the export saw a sharp rise by 157.65% and the earnings surged to $6.19 million. The export for 2021 is estimated with further growth of 9.09%, as the export volume is predicted to rise at 312 tonnes and the...
