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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Three-month LME aluminium increased 0.33 per cent to close at US$ 2,433 per tonne in the overnight trading yesterday, with open interest down 1,541 lots to 694,000 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 extended growth by US$ 11 per tonne to come in at US$ 2,386.50 per tonne as of Wednesday, June 23. 3-months bid price and 3-months offer price stood at US$ 2,416 per tonne, up by US$ 13 per tonne from US$ 2,403 per tonne. Dec 22 bid price and Dec 22 offer price increased from US$ 2,387 per tonne on June 22 to US$ 2,397.50 per tonne on June 23. LME aluminium opening stock decreased from 1623850 tonnes to 1616325 tonnes on June 23 after an intermediate increase in the previous day. Live Warrants...
The innovative business by Australian Bauxite Limited, which has developed new technologies to improve bauxite application across the aluminium, cement and fertiliser industries has shown the intent of another new and larger bauxite mine at Fingal Rail, near Conara in Tasmania. Since 2015, the bauxite mining company has supplied commodities to the fertiliser and cement industries from its Bald Hill Mine site, near Campbell Town. On 23rd June 2021, Ian Levy, the CEO and Managing Director of the company while displaying a presentation for the Gold Coast Investment Showcase investor event, said: “The company's focus in 2021-22 would include a new long-term mine in Tasmania to produce cement-grade bauxite.” The company is seeking a mining lease from the state government for Fingal Rail. The...
According to the Shanghai Metals Market, aluminium alloy (A356) price in China has recorded a decrease of RMB 100 per tonne on Thursday, June 24, after the past two consecutive days of hike from RMB 18,950 per tonne to RMB 19,350 per tonne. The decline today has brought the aluminium alloy price to INR 19,250 per tonne, with average prices expected to range between RMB 19,200-19,300 per tonne. However, aluminium alloys (ADC12) price and aluminium alloy (A380) price have continued to remain restrained at RMB 18,300 per tonne and RMB 19,300 per tonne, found SMM. A00 aluminium ingot price has also registered a downfall of RMB 110 per tonne to stand at RMB 18,660 per tonne on Thursday, June 24. The average prices are expected to range between RMB 18,640 per tonne and RMB 18,680 per tonne,...
The UAE’s sovereign investor Mubadala Investment Company said it acquired a fresh 2.6% stake in Russian aluminium giant and leading low-carbon aluminium producer En+. Mubadala's total ownership in En+, following the deal now stands at 2.86%, which the investment firm stated on 23rd June 2021. However, the value of the deal is yet to be revealed. Faris Al Mazrui, Head of Mubadala’s Russia & CIS Investment Programme, said: “The Company is a market leader in the clean energy and aluminium sectors and will add value to the Abu Dhabi Company’s portfolio in Russia.” Mubadala Investment Company has an asset base of Dh894 billion ($243.6bn) and it has significant stakes in clean energy company Masdar and one of the globally largest aluminium producer Emirates Global Aluminium. A Moscow Stock...
National Aluminium Company Limited (NALCO) slashed its aluminium ingot and aluminium product prices by INR 6,250 per tonne with effect from June 22. That brought the company’s aluminium ingot price at INR 199,450-202,950 per tonne compared to 205,650-209,150 per tonne on June 11. NALCO’s aluminium ingot price on June 11 had witnessed a rise of INR 4,700 per tonne or 2.3 per cent. With the latest cut, NALCO’s aluminium wire rod price has come in at INR 202,950-207,300 per tonne against INR 209,150-213,500 per tonne on June 11. NALCO is currently selling its aluminium billets price at INR 202,900-205,550 per tonne versus 209,100-211,750 per tonne on the previous day. NALCO, like any other Indian aluminium producer, links its aluminium ingot and aluminium product prices to the three-month...
The world’s largest premium aluminium producer, Emirates Global Aluminium is in discussion with banks to refinance and transpose the terms of a loan of about $6 billion it secured in 2019, as reported on 23rd June 2021 by close references on this matter. The references stated that the UAE based company equally owned by Abu Dhabi state fund Mubadala and the Investment Corporation of Dubai is soliciting to elongate the tenor and lower the pricing of the seven-year loan through a refinancing facility to grab the benefit of low rates. However, the aluminium company said: "EGA is fortunate to have a large relationship bank group who support our business. We are always looking at ways to optimise our financing arrangements.” The fundraising effort comes as borrowers in the Gulf region endeavour...
This week, Hydro CEO Hilde Merete Aasheim, the mayor of Kvinnherad Municipality, and representatives from Industri Energi and Norsk Industri graced Hydro Husnes with their presence to mark the full operation of the plant for the first time in more than a decade. “I have been looking forward to this. Finally, production is back in full swing at Hydro Husnes. Hydropower-based primary aluminum with a world-leading low-carbon footprint is produced here – you should be proud of that,” Aasheim said when she met employees at Hydro Husnes. “Husnes is a symbol of new, greener industrial development in Norway – a modern cornerstone that expand and renews, that plays an important role in the local community in terms of jobs, but also a producer of low-carbon aluminum that plays an important role on...
On 23rd June 2021, the Black Sea Trade and Development Bank (BSTDB), the international financial institution serving the eleven-member founding countries of the Black Sea Economic Cooperation, stated that it is dispensing a $40 million loan for a capital investment programme.to Romanian aluminium producer Alro, which is a part of Vimetco Group. BSTDB said: “The seven-year loan will be used primarily for improving the company’s energy management performance, as well as high value-added production capacity.” The total cost of the project amount to approx. $95 million and also financed by Romanian and international commercial banks. Dmitry Pankin, President of BSTDB said: "Given the positive outlook for the economy, we believe the company will be able to meet increased domestic demand and...
On Tuesday, June 22, China’s state reserves administration said it would publicly auction 100,000 tonnes of non-ferrous metals early next month. In three separate notices, the National Food and Strategic Reserves Administration said that it would auction 20,000 tonnes of copper, 30,000 tonnes of zinc, and 50,000 tonnes of aluminium on July 5-6. Only aluminium processing and manufacturing enterprises will be eligible to bid, and the aluminium they will purchase shall be used for production promptly. It shall not be resold or hoarded, said the administration. The aluminium auction will take place on a site operated by a state-run firm Norinco, while the copper and zinc sales will take place on an online platform belonging to another state-owned miner and metals trader China Minmetals Corp....
BBVA Research, which is considered as a benchmark for research and economic analysis in different countries in the Americas, Europe and Asia stated that the economy of Argentina after falling 9.9% in 2020, is recovering faster than expected. Nevertheless, the rebound is heterogeneous across sectors. The health situation remains challenging, in 2021 also marked by the mid-term elections in October. The South American nation, Argentina records importation of 22,506 tonnes of aluminium foil during 2018-19 and the expenditure occurred for the import accounted for $107.82 million. In 2019, Argentina’s import of aluminium foil was registered at 11,251 tonnes and the expenditure remained at $54.37 million, whereas, in 2020 the import displayed a nominal growth of 0.03%, as the import volume...
Hindalco Industries Limited reduced its aluminium ingot and aluminium product prices for the fourth time in a row with effect from Wednesday, June 22. The company cut its aluminium ingot price by INR 1,500 per tonne to INR 202,250 per tonne on June 22. On June 19, the price stood at INR 203,750 per tonne, reflecting a downfall of INR 3,250 per tonne or 1.57 per cent from INR 207,000 per tonne. With the latest cut, Hindalco’s aluminium wire rod price has come in at INR 213,350 per tonne, also down by INR 1,500 per tonne from INR 214,850 per tonne on June 19. Hindalco is currently selling its aluminium billets price at INR 209,350 per tonne compared to INR 210,850 per tonne on the previous day. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of...
Hydro’s alumina refinery in Barcarena, Brazil which processes bauxite from its mine in Paragominas, also in Pará state has secured the license to operate the deposit called DRS2, after the installation phase and all commissioning tests are approved by environmental agencies. The DRS2 deposit area is for the storage of bauxite residue left over from the processing of bauxite into alumina, which is the main raw material for making aluminium. On 21st June 2021, the operating license of the solid residue deposit area was issued. DRS2 is a long-term solution for the alumina refinery operation and fundamental for continuity of the aluminium value chain in the State of Pará. A new press filter technology is used at Alunorte that generates residue of about 78% solid content, which permits for...
On 22nd June 2021, Vedanta stated that the coal block which has been allotted would deliver fuel security, enhance power availability and also strengthen the aluminium operations, once it gets fully functional. Vedanta released the statement immediately after it emerged as the successful bidder for the Kuraloi (A) North coal block located in Jharsuguda district, Odisha. The coal block was put up for re-bidding in the second auction of blocks for commercial mining. The company commented in a filing to BSE: “We wish to inform you that Vedanta Ltd has been awarded the Kuraloi (A) North coal block, located in Jharsuguda district, Odisha. Once operational, it will provide fuel security, improve power availability and further strengthen the company's aluminium operations and performance." The...
A00 aluminium ingot price in China has extended its growth by RMB 260 per tonne to come in at RMB 18,770 per tonne on Wednesday, June 23, found the Shanghai Metals Market. On Tuesday, June 22, the price stood at RMB 18,510 per tonne, reflecting an increase of RMB 130 per tonne. The average prices today are expected to range between RMB 18,750 per tonne and RMB 18,790 per tonne, with spot contract to be traded at a premium price of RMB 10-30 per tonne. In Linyi, A00 aluminium ingot price has surged by RMB 270 per tonne to close at RMB 18,780 per tonne, followed by the increase of RMB 265 per tonne and RMB 260 per tonne to come in at RMB 18,775 per tonne and RMB 18,750 per tonne, respectively. In Hangzhou and Chongqing, primary aluminium ingot price has hiked by RMB 255 per tonne and RMB...
Three-month LME aluminium rose 1 per cent to close at US$ 2,426 per tonne last night, with open interest down 4,002 lots to 696,000 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 recorded a rise of US$ 22 per tonne on Tuesday, June 22, to reach at US$ 2,375.50 per tonne. 3-months bid price and 3-months offer price stood at US$ 2,403 per tonne, up by US$ 32.50 per tonne from US$ 2,370.50 per tonne. Dec 22 bid price and Dec 22 offer price increased from US$ 2,366.50 per tonne on June 21 to US$ 2,387 per tonne on June 22. LME aluminium opening stock also grew from 1612900 tonnes to 1623850 tonnes on June 22. Live Warrants totalled 957625 tonnes, while Cancelled Warrants stood at 666225 tonnes. LME...
The UK body that investigates whether new trade remedy measures are needed to counter unfair import practices and unforeseen surges of imports, Trade Remedies Authority has begun its first investigation in response to an application from a UK industry. On 21st June the case was initiated. Trade remedy investigations were carried out by the EU Commission on the UK’s behalf until the UK leaving the EU, now TRA will investigate whether aluminium extrusions are being dumped in the UK by businesses in the People’s Republic of China. Aluminium extrusions are heavily demanded in the manufacturing segment, like heavy equipment, as components for infrastructure projects like mining, oil and gas, chemical and refinery equipment. They can also be found in windows, doors and railings, cars, buses and...
Sanjeev Gupta’s distressed metal empire that counters the threat of administration has requested its bankers to give more time, as it is trying to negotiate with four potential buyers. The supplier of cast components to Jaguar Land Rover, Liberty Aluminium Technologies could be enforced by the administration within few days, if its primary bank, Close Brothers does not deliver more time. The Group’s Chairman, Sanjeev Gupta has been openly seeking buyers for a portion of his GFG metals empire since May 2021, as he aspires to prevent the collapse of his GFG Alliance, which could threaten thousands of job loss around the world. GFG shoved into crisis in March 2021, following the collapse of its biggest lender, Greensill Capital. Credit Suisse, Greensill’s former backer is now pressurizing to...
Indian Industrial Value Chain Collective (IIVCC), a group representing organisations involved in the industrial production and consumption supply chain activities across India, released data on Tuesday, June 22, indicating India’s loss from bauxite import activities. In Q1 2021, the country witnessed a loss of INR 390 crore ($51.97), which otherwise should have belonged to the people of India, particularly to the participants in the value chain of extraction, transportation, processing, and supply of bauxite. This proves that despite the devastating second wave of COVID-19 hitting the country and industries hard, raw material sufficiency continues to be a burning need for the domestic aluminium industry. Commenting on the situation, Abhay Raj Mishra, member of Indian Industrial Value...
