Primary aluminium recap: New Zealand Aluminium Smelter agrees with Meridian on flexible power demand to combat crisis; Power stations of Alba accelerate Industry 4.0 transformation with OPS

The New Zealand Aluminium Smelter (NZAS) and Meridian Energy are expected to sign a new agreement specifying flexible power demand from the smelter amid grid stress or hydro scarcity, according to a report on April 5. On Thursday, April 6, both LME aluminium cash bid price and LME aluminium official settlement price dipped by US$5.5 per tonne or 0.23 per cent to settle at US$2,300 per tonne and US$2,300.50 per tonne. By introducing the Online Performance System (OPS) for its Power Stations, Aluminium Bahrain B.S.C. (Alba) has accomplished another step in its Industry 4.0 transformational journey. Samuel Abu Jinapor, Ghana's Minister of Lands and Natural Resources, stated on Tuesday, April 4, that he anticipated that a thorough development of an integrated aluminium industry, with a resource base of bauxite estimated to be over 900 million tonnes, would produce 2 million sustainable jobs and US$1 trillion in revenue for the nation.

According to a report on April 5, the New Zealand Aluminium Smelter (NZAS) and Meridian Energy are likely to sign a new deal agreeing on flexible power demand from the smelter during grid stress or hydro shortage.

To know more: https://www.alcircle.com/news/new-zealand-aluminium-smelter-agrees-with-meridian-on-flexible-power-demand-to-combat-crisis-92503

Samuel Abu Jinapor, the Minister for Lands and Natural Resources of Ghana, invited the investor community to fund Ghana’s integrated aluminium industry. He appealed to the investor community to consider Ghana’s stable democracy, steady economy, and resilient democratic institutions for investing. 

To know more: https://www.alcircle.com/news/samuel-abu-jinapor-invites-investment-for-ghanas-integrated-aluminium-industry-92539

According to the officials familiar with the government of India's decision-making team, it was informed to us that in response to the EU's proposed carbon tax, which might disrupt over $8 billion worth of Indian metal exports to the EU, India is considering slapping retaliatory tariffs on exports from the EU.

To know more: https://www.alcircle.com/news/cbam-may-lead-to-retaliatory-tariffs-by-india-on-eu-exports-92530

Press Metal Aluminium Holdings Bhd (Press Metal) received an export order of aluminium ingots priced at RM110 million from Hong Kong's Daching Enterprises Ltd (Daching). The company forged a five-year contract ensuring a similar export deal worth RM670 million with the latter.

To know more: https://www.alcircle.com/news/press-metal-signs-rm670-million-aluminium-export-deal-with-hong-kongs-daching-ltd-92537

The global mining and metal giant Rio Tinto released its 2022 Taxes and Royalties Paid Report, showing that $10.8 billion was paid as taxes and royalties. This is the third-highest annual global taxes and royalties paid by Rio Tinto since it published its first Annual Taxes Paid report for 2010.

To know more: https://www.alcircle.com/news/tax-and-royalties-paid-by-rio-tinto-in-2022-totalled-10-8-billion-92476

On Tuesday, April 4, Samuel Abu Jinapor, Minister of Lands and Natural Resources of Ghana, revealed his anticipation that a comprehensive development of an integrated aluminium industry, with an estimated bauxite resource base of over 900 million tonnes, would create around 2 million sustainable jobs and generate US$1 trillion of revenue for the country.

To know more: https://www.alcircle.com/news/integrated-aluminium-industry-to-generate-us1-trillion-revenue-and-create-2-million-jobs-for-ghana-samuel-abu-jinapor-92493

On Thursday, April 6, both LME aluminium cash bid price and LME aluminium official settlement price dipped by US$5.5 per tonne or 0.23 per cent to settle at US$2,300 per tonne and US$2,300.50 per tonne. 3-month bid price and 3-month offer price slipped by US$13 per tonne or 0.55 per cent and US$13.5 per tonne or 0.57 per cent to halt at US$2,340 per tonne and US$2,340.50 per tonne.

To know more: https://www.alcircle.com/news/lme-aluminium-benchmark-price-dips-by-us5-5-t-to-us2-300-50-t-shfe-price-grows-by-us12-t-92529

A00 aluminium ingot price hiked by RMB 60 per tonne, officially closing at RMB 18,670 per tonne, as the Shanghai Metals Market recorded on April 7, Friday. The average prices are expected to range between RMB 18,650 per tonne and RMB 18,690 per tonne, with spot contracts trading at discount prices of RMB 50 per tonne and RMB 10 per tonne.

To know more: https://www.alcircle.com/press-release/chinas-a00-aluminium-price-marks-rmb60-t-rise-to-rmb18-670-t-high-purity-aluminium-99-99-price-grows-by-rmb100-t-92528

Aluminium Bahrain B.S.C. (Alba) reached another milestone in its Industry 4.0 Transformational Journey by launching the Online Performance System (OPS) for its Power Stations. In order to improve Alba's asset reliability, the Online Monitoring System will offer a digital plant performance dashboard and track plant degradation through digital Industry 4.0 and artificial intelligence (A.I.).

To know more: https://www.alcircle.com/news/power-stations-of-alba-accelerate-industry-4-0-transformation-with-ops-9251