Overseas primary aluminium spot markets remained generally subdued this week, although price movements became more mixed across Asia. Downstream demand remained weak, but tightening availability in Southeast Asia reduced the presence of low-priced offers, while Japan’s MJP spot premium moved higher following several recent transactions. South Korea saw a marginal improvement in downstream purchasing, although demand remained concentrated on immediate requirements rather than broader restocking. In the United States, the Midwest DDP premium stayed at 105 US cents per lb, while overall market activity remained weak. I. Review of spot premiums by region According to the latest SMM data, the CIF Thailand P1020A premium stood at around USD 225 per tonne , while the FCA South Korea premium was...
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...
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The global aluminium industry’s alumina segment remained heavily eventful this week. National Aluminium Company Limited, Government of India owned integrated and diversified mining, metal and power organisation has been obstructed by residents of a village in Odisha, when government staffs went for identification for red mud pond. While in the world’s sixth-largest country, Australia, the ASX has granted a trading halt to King River Resources ahead of the release of PFS on the Kwinana HPA project. The construction of the alumina refinery with a production capacity of 1 million tonnes per year in the Galang Batang Special Economic Zone has been accomplished, as confirmed by President Director of PT Bintan Alumina Indonesia (BAI), Santoni. To know more:...
Primary aluminium sector saw China’s announcement of releasing 800,000-900,000 tonnes of primary aluminium from its state reserves. LME price ended the week even lower, while SMM aluminium ingot price performed downward. Let's recapitulate some of the top aluminium news from primary aluminium sector. LME aluminium cash (bid) price and LME official settlement price trended down this week during June 14-18 by US$ 130 per tonne. LME aluminium cash (bid) price and LME official settlement price closed the week even lower on Friday, June 18, at US$ 2,374 per tonne. To know more: https://www.alcircle.com/news/lme-aluminium-price-downturned-this-week-to-us2374-t-shfe-price-slid-by-us109-t-to-us2867-t-67616 Aluminium ingot price in China performed lower this week. Aluminium price reduced by RMB...
India’s leading integrated metal company ‘Shyam Metalics’ has revealed its diversification news and stepping its foot in the aluminium foil industry. The company is the largest producer of ferroalloys in terms of installed capacity in India, as of February 2021. While this week also observed Crown Holdings' release of an interim sustainability report titled "Enduring Values, Continuous Progress”. On the other side, Pakistan Aluminium Beverage Cans Limited (PABC) plans to raise around Rs3.3 billion by offering a 26% stake to institutional and ordinary investors in an initial public offering. The pearl-shaped island nation in South Asia, Sri Lanka recorded 375 tonnes of aluminium cans in 2018-19 and the foreign revenue expended for the import accounted for $1.70 million. The import for 2020...
The world bauxite market this week during May 14-18 witnessed a myriad of events starting from Compagnie des Bauxites de Guinée’s (CBG) official launch of new visual identity to the appointment of André Henry by Canyon Resources Limited as Director of Port and Rail for Camalco SA. Compagnie des Bauxites de Guinée (CBG), the largest single producer of bauxite in the world, declared the official launch of its new visual identity. It was emphasised by the projection of an institutional video, which explained “How the CBG does much more than bauxite, and how it is the most Guinean of the mining companies in Guinea.” The launch event was attended by the directors of the company, major players of the Guinean mining world, several diplomats, the Guinean media and also representatives of the...
The aluminium producers of the largest economy of Africa, Nigeria and also projected to rank among the world's top ten economies by 2050 are calling out over unregulated importation of aluminium profiles into the country, expressing grief that the method is killing the local production. Joneay Lei, the Deputy Director of Rongtai Aluminium revealed that there are large numbers of traders who import the products and ravage the market by selling them at a very cheap price. “This uncontrolled importation is not helping local production”, Lei said. He further added: “The huge number of small importers of the product is affecting the quality of the product that litters the market.” On the second anniversary event of Rongtai Aluminium, the Deputy Director advocated: “Lack of protection for local...
Three-month LME aluminium rose 1.08% to settle at US$2,488.5 per tonne in the overnight trading on Monday, with open interest losing 4,958 lots to 710,000 lots. On Tuesday, the price fell 1.55 per cent to end at US$ 2,450 per tonne in the overnight trading but increased the day next by 0.98 per cent to US$ 2,474 per tonne. On Thursday night, three-month LME aluminium decreased 4.41 per cent to end at US$ 2,352 per tonne. LME aluminium cash (bid) price and LME official settlement price trended down this week during June 14-18 by US$ 130 per tonne. The prices started the week on Monday, June 14, at US$ 2,504 per tonne, growing by US$ 14 per tonne from the previous day. But on Tuesday, June 15, both LME aluminium cash (bid) price and LME official settlement price decreased to 2,458.50 per...
SMM aluminium ingot price increased by RMB 140 per tonne on Tuesday, June 15 to stand at RMB 18970 per tonne. The price then declined to stand at RMB 18840 per tonne and RMB 18650 per tonne on June 16 and June 17, a drop of RMB 130 per tonne and RMB 190 per tonne. Aluminium price further reduced by RMB 100 per tonne on Friday, 18 June 2021 to close the week at RMB 18550 per tonne. The price is expected to move within a range of RMB 18530-18570 per tonne. China market was closed on Monday, 14 June 2021 for the Dragon Boat Festival holiday. As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, dropped this week. The stocks declined by 29,000 tonnes from the week before to 890,000 tonnes as of Thursday,...
Vedanta Limited has reported that it has reduced its aluminium products and aluminium ingot prices for the second time in a row on Saturday, June 19. The company has updated that it is now selling its aluminium wire rod at INR 211,000-218,500 per tonne – 2 per cent or INR 4,250 per tonne lesser than INR 215,250-222,750 per tonne on Wednesday, June 16. With the latest cut, Vedanta’s aluminium billet price has come in at INR 211,500 per tonne, also down by INR 4,250 per tonne from INR 215,750 per tonne on June 16. Vedanta’s aluminium ingot price has been decreased to INR 203,500-216,500 per tonne on June 19 from INR 207,750-220,750 per tonne on the previous day. Vedanta links its aluminium products and aluminium ingot prices to the three-month futures of aluminium on the London Metal...
Hindalco Industries Limited has reduced its aluminium products price by INR 1,500 per tonne. With effect from Friday, 18 June 2021, aluminium billets and wire rods prices stand at INR 214,100 per tonne and INR 218,100 per tonne, marking a decline of 0.7% from INR 215,600 per tonne and INR 219,600 per tonne on June 16. Aluminium ingots price stands at INR 207,000 per tonne on Friday, 18 June 2021, a drop of INR 1,500 per tonne from INR 208,500 per tonne on 16 June 2021. 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$ 2427.5 per tonne June 17, down from US$ 2454.5 per tonne on June 16. Aluminium operations of the company, excluding those of its US arm Novelis Inc,...
Ford has decided to acquire Electriphi to develop the most advanced charging and energy management experiences for commercial customers. The acquisition comes as Ford prepares for the launch of all-electric versions of two of commercial vehicles – the Transit van and F-150 pickup. Electriphi is provider of charging management and fleet monitoring software for electric vehicles. “Electriphi’s team and services will be integrated into Ford Pro – a new global business within Ford committed to commercial customer productivity and to developing the most advanced charging and energy management experiences,” Ford said. “As commercial customers add electric vehicles to their fleets, they want depot charging options to make sure they’re powered up and ready to go to work every day,” said Ford Pro...
On 18th June 2021, a statement is issued that the Pakistan Aluminium Beverage Cans Limited (PABC) plans to raise around Rs3.3 billion by offering a 26% stake to institutional and ordinary investors in an initial public offering (IPO) on the Pakistan Stock Exchange (PSX). On 22nd and 23rd June 2021, the book-building will take place, while the public to be held on 29th and 30th June 2021 The statement said: “The entire offer of 93.8 million ordinary shares, or 26% of the post-IPO shareholding, will be offered through the book-building process at a floor price of Rs35/share. Successful bidders will be provisionally allotted only 75% of the issue size and the remaining shares will be offered to the retail investors at the strike price.” The PABC is expected to raise at least Rs3.3 billion in...
According to a team of analysts at London-based business intelligence company CRU, China will need to shift to renewable energy for achieving carbon neutrality, particularly for the aluminium industry, where renewable power is expected to rise from the current 16 per cent to 27 per cent by 2030. China has pledged to achieve carbon neutrality by 2060 and peak carbon emissions by 2030. According to CRU, solar power has the largest potential for driving growth in the aluminium industry, while hydrogen energy is expected to be widely used in the steelmaking sector. CRU believes the key to peak carbon emissions is to reduce and control carbon emissions from both the demand and supply side of the commodities market. Carbon emissions from the steelmaking and aluminium smelting account for 98 per...
On 10th June 2021, the World Bank Zimbabwe Economic Update revealed that Gross Domestic Product (GDP) growth is projected to reach 3.9% in 2021, a significant development after a two-year recession. In 2021, the economic growth will be led by the recovery of agriculture as rains normalize, businesses adjust to limitations caused by the COVID-19 pandemic, and inflation slows down. However, disruptions caused by the pandemic will continue to weigh on economic activity in Zimbabwe, limiting employment growth and improvements in living standards. The landlocked country in southern Africa reported import of 2225 tonnes of aluminium structures during 2019-20 and the expenditure accounted for the import was $6.65 million. Zimbabwe’s import of aluminium structures in 2019 was booked at 1583...
Constellium’s Ravenswood facility and West Virginia University Parkersburg have partnered to sponsor skilled trades scholarships. Ravenswood is one of the world’s largest rolled aluminium products facilities. The plant manufactures plate, sheet and coil products for aerospace, defence, transportation, marine and other industrial uses. Constellium Ravenswood is the largest employer in Jackson County. 10 new students received the scholarships. The Skilled Trades Scholarship program is a collaboration between Constellium and WVU Parkersburg. It offers financial assistance to selected high school graduates to help them earn an associate degree in Multi-Craft Technology or Reliability and Maintenance Technology. They will then are eligible to enter a five-year full-time employment agreement...
Alcoa Corporation has laid out a detailed plan of leveraging renewable energy to refine alumina in an attempt to cut 70 per cent of carbon emissions. Among Australia’s emissions-intensive exports, alumina and aluminium are the highest at risk for carbon border tariffs that the European Union is set to announce in July, said think tank the Australia Institute. Alcoa official Ray Chatfield told in a conference in the city of Perth that it would take to around 2030 or so for getting the technology ready to roll out. The Australian government has already issued grants to help decarbonise the alumina refining process, which in 2019 accounted for more than 14 million tonnes of carbon dioxide emissions, showed government agency data. Refineries will install a process that will replace the...
Rio Tinto has commenced operations at scandium oxide demonstration plant at its Rio Tinto Fer et Titane (RTFT) metallurgical complex in Sorel-Tracy, Quebec. The plant is ramping up to production capacity of three tonnes of scandium oxide per year. The $6 million project will use an innovative process to extract high purity scandium oxide from the waste streams of titanium dioxide production, without the need for any additional mining. The Government of Quebec contributed approximately $650,000 through the Quebec Plan for the Development of Critical and Strategic Minerals. Rio Tinto Iron and Titanium managing director Stéphane Leblanc said: “For the first time, customers will benefit from a North American supply of scandium oxide for applications in solid oxide fuel cells, lasers, lighting...
The JV between DADA Holdings and Enervoxa, ElementUS Minerals LLC has appointed Joseph Carrabba as its Chief Executive Officer. ElementUS is developing a processing plant in Gramercy, Louisiana that will extract highly strategic rare earth elements and other crucial minerals from residual bauxite. Mr Carrabba carries over 30 years of executive experience in the natural resources and metals industries. He spent over 20 years in executive leadership at Rio Tinto, holding positions in its North American, Australian, Asian and European operations. Carrabba left Rio Tinto to assume the role of Chairman, President, and CEO of Cliffs Natural Resources, Inc. from 2005 to 2013. In the most recent, Joseph Carrabba has held the role of Executive Chairman at Winston Gold and has served as a director...
Guinea, known for having the world’s largest bauxite reserves, is set to expand production after the Societe Miniere de Boke’s (SMB) railway project is complete linking Santou II and Houda blocks to the Port of Dapilon. The railway project has been inaugurated on Wednesday, June 16, whereby Guinea’s Mining Minister Abdoulaye Magassouba said the West African nation granted SMB a concession allowing it to build and operate the 135-kilometer (84-mile) railway for 33 years before returning it to the state. Most of the new bauxite production in Guinea will go to China, which last year was the biggest buyer of bauxite from Guinea. This comes as good news for Guinea’s finances and that the African Development Bank forecasts Guinea’s current account deficit and budget gap to shrink in 2022....
