Aluminium Bahrain (Alba) is currently producing aluminium at an annualised rate of around 1.3 million tonnes, with the smelter operating at roughly 80 per cent of its pre-Iran war capacity, according to CEO Ali Al Baqali. Alba had a pre-war capacity of around 1.6 million tonnes per year, but production was disrupted after the outbreak of the war and restrictions around the Strait of Hormuz affected exports. The smelter was also hit by an Iranian attack in late March. The Bahrain-based producer is now operating Lines 4, 5 and 6, together representing annualised aluminium production of approximately 1.3 million tonnes, Al Baqali told Reuters on the sidelines of the Fastmarkets Aluminium Conference in Budapest on September 16. Al Baqali described the damage from the Iranian strike as minor...
For the past two decades, the US aluminium industry has been treading through a volatile path, with a domestic primary aluminium sector deteriorating at a rapid and alarming rate, and the number of operational smelters falling from around thirty to only four. Primary aluminum output was estimated at 660,000 metric tons in 2025, leaving the country heavily reliant on imports. The situation was compounded by the Section 232 tariffs on aluminum products, further blocking the inbound trade. The rebuilding of domestic capacity, therefore, is not only about restarting or constructing smelters. It also depends on the infrastructure and technology needed to transform molten aluminum into usable products, maintain ageing electrolysis assets, process scrap efficiently, and improve metal quality....
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At the investor seminar organised by Rio Tinto, the global mining and metal giant will be sharing the status of its long-term plan to strengthen the company, expand in a decarbonising world, and continue to provide shareholders with competitive returns. Executives will also discuss ongoing initiatives to fulfil the ambitious decarbonization goals of halving Scope 1 & 2 emissions by 2030 and achieving net zero emissions by 2050. Among these are six effective programs to reduce emissions that emphasize using renewable energy, process heat, diesel, and the ELYSISTM zero-carbon aluminium smelting technology to achieve net zero emissions by 2050, using superior nature-based solutions. Between 2022 and 2030, investments totalling around $7.5 billion are anticipated, of which about $1.5 billion...
Primary aluminium production in Russia & Eastern Europe stood at 344,000 tonnes for October 2022, representing an increase of 3.61 per cent month-on-month. In September, the output was 332,000 tonnes, reflecting a decline of 5.14 per cent or 18,000 tonnes from 350,000 tonnes in August. That indicated Russia and Eastern Europe’s primary aluminium output growth in October followed a dip in the previous month. On a year-on-year calculation, primary aluminium output in Russia & Eastern Europe during October 2022 edged a 2.27 per cent fall from 352,000 tonnes. Despite an increase in monthly output in October 2022, daily average production remained restrained at 11,100 tonnes month-on-month. But on a year-on-year basis, it dropped by 300 tonnes, in line with the downfall in monthly production....
National Aluminium Company Limited (NALCO) has again curtailed its aluminium ingot and aluminium products prices, with effect from Tuesday, November 29, marking the second consecutive cut. NALCO’s aluminium ingot price has been reduced by INR 4,600 per tonne from INR 225,050-228,550 on November 19 to INR 220,450-223,950 per tonne on November 29. NALCO’s aluminium wire rod price and billets price have also experienced a cut of INR 4,600 per tonne on November 29, following a trim of INR 2,900 per tonne on November 19. With the latest cut, the former has come in at INR 224,950-229,300 per tonne versus INR 229,550-233,900 per tonne, and the latter hovers around INR 224,900-227,550 per tonne compared to INR 229,500- 232,150 per tonne. NALCO links its aluminium ingot and aluminium products...
A00 aluminium ingot price has nosedived to RMB 18,970 per tonne, losing RMB 200 per tonne, as the Shanghai Metals Market recorded on Wednesday, November 30. The average prices are expected to range between RMB 18,950 per tonne and RMB 18,990 per tonne, with spot contracts trading at premium prices of RMB 90 per tonne and RMB 50 per tonne. The provinces in China have seen unevenly scaling prices today, with the aluminium price rising the highest in Wuxi by RMB 370 per tonne to RMB 19,170 per tonne, followed by RMB 340 per tonne augmentation in Hangzhou to also stop at RMB 19,170 per tonne. The aluminium price in Linyi has dived down by RMB 230 per tonne, closing at RMB 19,020 per tonne. Other than that, the aluminium prices have witnessed a steep downfall in Gongyi, Foshan and Chongqing by...
LME aluminium opened at US$2,371 per tonne on Tuesday and closed at US$2,381.5 per tonne, an increase of US$7.5 per tonne or 0.32 per cent. On Tuesday, November 29, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$26 per tonne or 1.12 per cent to settle at US$2,341 per tonne and US$2,341.50 per tonne. 3-month bid price and 3-month offer price ascended by US$27 per tonne or 1.14 per cent and US$28.5 per tonne or 1.21 per cent to close at US$2,380 per tonne and US$2,382 per tonne. December 23 bid price and December 23 offer price gained US$28 per tonne or 1.15 per cent to score at US$2,450 per tonne and US$2,455 per tonne. LME aluminium opening stock clocked at 503150 tonnes. Live warrants and Cancelled warrants were halted at 279425 tonnes and...
According to the Shanghai Metals Market, social inventories of primary aluminium across China’s eight major consumption areas stood at 516,000 tonnes, reaching a new low on Monday, November 28. Over the weekend, the inventories edged 2,000 tonnes lower than 518,000 tonnes on Thursday, October 24, while over a week, the inventories recorded 14,000 tonnes less than 530,000 tonnes on November 21. The figure was also 97,000 tonnes lower than a month ago and 498,000 tonnes less than the same period last year. The inventories in Gongyi and Wuxi only rose over the weekend by 6,000 tonnes and 3,000 tonnes, respectively, to come in at 69,000 tonnes and 122,000 tonnes as of November 28, driven by cargo arrivals and falling shipments out of warehouses. To know more about the current status of...
LME aluminium opened at US$2,352 per tonne on Monday and closed at US$2,374 per tonne, an increase of US$9 per tonne or 0.38 per cent. On November 28, Monday LME aluminium cash bid price and the LME aluminium official settlement price dived down by US$30.50 per tonne or 1.3 per cent to close at US$2,315 per tonne and US$2,315.50 per tonne, respectively. The 3-month bid price saw a drop of US$27 per tonne or 1.13 per cent, settling at US$2,353 per tonne, while the 3-month offer price had a similar price plunge of US$27.50 per tonne or 1.15 per cent, resting at US$2,353.50 per tonne. December 23 bid price and December 23 offer price both de-escalated by US$28 per tonne or 1.14 per cent, stopping at US$2,422 per tonne and US$2,427 per tonne. LME aluminium opening stock plummeted by 2,575...
Aluminium Bahrain B.S.C. (Alba) has bagged the awards titled ‘Leading Corporate for Investor Relations (IR) in Bahrain' and ‘Best Investor Relations Professional – Bahrain’ at the 2022 Middle East Investor Relations Association (MEIRA) Hybrid Annual Conference and Awards on October 24, 2022, in Riyadh, Kingdom of Saudi Arabia. The MEIRA Annual Conference and Awards is the largest Investor Relations event in the Middle East and North Africa (MENA), which acknowledges the efforts of regionally listed companies towards shaping Investor Relations. The event also serves as a common platform for international corporates, investors, research analysts, advisors, and regulatory bodies to share knowledge and discuss market challenges. On receiving the award, Alba’s Chief Executive Officer Ali Al...
After three successful years, the AlCircle Team is once again gearing up to organise the fourth edition of its much-awaited virtual expo – Global Aluminium Expo 2023 . Although the world has started assembling in person on various occasions like the pre-covid era, virtual events have not lost popularity, given the benefits and convenience. Virtual events are cost-effective, time-saving, able to engage global audiences, and more inviting with enticing technologies. Due to immense admiration and response to previous editions, AlCircle has extended the expo 2023 for a day more. This year, it is a 3-day event from April 18 to 20, 11 AM to 7 PM (GMT). In the background of the rapid transformation of the global aluminium market with a unanimous goal of net zero carbon, it is imperative to offer...
On November 28, the International Aluminium Institute (IAI) declared that MYTILINEOS has been successfully registered as one of its members. Established in 1972, the IAI brings together global bauxite, alumina and aluminium companies in all the major producing regions under one roof by providing them membership certificates. The Greece-based industrial conglomerate MYTILINEOS can be referred to as the most potent player in the world metallurgy sector. It is a rapidly developing company with the healthiest growth proportion in Greece for over 60 years. It is by far the hugest vertically integrated bauxite, alumina and aluminium producer in the European Union. The General Manager of MYTILINEOS’ Metallurgy Business Unit, Mr Dimitrios Stefanidis, illustrated as he spoke: “With more than half...
LME aluminium opened at US$2,380 per tonne last Friday and closed at US$2,365 per tonne, down US$3 per tonne or 0.13 per cent. On Friday, November 25, both LME aluminium cash bid price and LME aluminium official settlement price inched up by US$2 per tonne to stand at US$2,345.50 per tonne and US$2,346 per tonne. 3-month bid price and 3-month offer price grew by US$7 per tonne and US$6 per tonne to rest at US$2,380 per tonne and US$2,381 per tonne, respectively. December 23 bid price and December 23 offer price gained US$7 per tonne, amounting to US$2,450 per tonne and US$2,455 per tonne, as of November 25. LME aluminium opening stock further slumped by 3,175 tonnes to total 506,275 tonnes. Live Warrants recorded restraint at 282,400 tonnes, while Cancelled Warrants shrank by 3,175 tonnes...
A00 aluminium ingot price has nosedived to RMB 18,800 per tonne, losing RMB 230 per tonne, as the Shanghai Metals Market recorded on Monday, November 28. The average prices are expected to range between RMB 18,780 per tonne and RMB 18,820 per tonne, with spot contracts trading at premium prices of RMB 100 per tonne and RMB 60 per tonne. The provinces in China have witnessed plummeting prices today, with the aluminium price falling the highest in Chongqing by RMB 240 per tonne, closing at RMB 18,910 per tonne, followed by RMB 220 per tonne dip in Gongyi and Foshan to rest at RMB 18,750 per tonne and RMB 18,880 per tonne, respectively. In Linyi, the aluminium price has shrunk by RMB 210 per tonne, stopping at RMB 18,900 per tonne. The price of aluminium in Shenyang has lost RMB 190 per...
The iconic aluminium producer in India and a subsidiary of Vedanta Aluminium observed 'World Quality Month' across its operations with various awareness-raising activities for its employees, business partners, and community members. The activities focused on raising their awareness of the importance of quality and enabling them to become active participants in developing a sustainable quality culture. World Quality Month is an annual event in which organizations worldwide reaffirm a quality-first approach to their processes while recognizing ongoing efforts to achieve this goal. Based on this year's theme, 'Quality Conscience: Doing the Right Thing,' BALCO arranged a variety of initiatives, including Nukkad Natak, slogan writing, poster making, photography, poem prose contests, and...
This week, the global primary aluminium segment recorded many important events. To begin with, with the news of the London Metal Exchange not prohibiting Russian metal from being traded on its platform, there was a rush to negotiate contracts with the two largest mining and smelting firms in Russia. The world's largest aluminium producer, Rusal, reported that the LME announcement improved sales. Also, Alcoa, the eighth-largest producer of aluminium in the world with headquarters in Pittsburgh, supported Rusal's demand, which was made last week, for the London Metal Exchange to provide information about the origin of any metal stored in LME-approved warehouses. Under the market segment, LME aluminium benchmark price remained range-bound this week between US$2344-2346/t. According to the...
LME aluminium cash bid price and LME aluminium official settlement price started the week on Monday, November 21, with a decline of US$26 per tonne and US$25 per tonne, respectively, to stand at US$2,342 per tonne and US$2,344 per tonne. But the next day, the prices jumped by US$51.50 per tonne and US$50 per tonne to settle at US$2,393.50 per tonne and US$2,394 per tonne. On Wednesday, November 23, both LME aluminium cash bid price and LME aluminium official settlement price declined again by US$30.50 per tonne and US$30 per tonne to hover around US$2,363 per tonne and US$2,364 per tonne. On November 24, the prices continued to fall by 1 per cent each to rest at US$2343.50 per tonne and US$2,344 per tonne but inched up the next day to close the week at US$2,345.50 per tonne and US$2,346...
According to the US Geological Survey, the United States' monthly production of primary aluminium in September 2022 stood restrained month-on-month at 61,000 tonnes. In contrast, daily average output edged 40 per cent higher at 2,020 tonnes versus 1,980 tonnes in August. On a year-on-year basis, monthly production in September registered a 15.28 per cent or 11,000 tonnes downfall from 72,000 tonnes, and daily output plunged 370 tonnes or 15.48 per cent from 2,390 tonnes. In September, total aluminium recovered from scrap was 280,000 tonnes, down by 15,000 tonnes or 5.08 per cent from 295,000 tonnes a month ago but 8,000 tonnes or 2.94 per cent higher than 272,000 tonnes a year earlier. Of this, 152,000 tonnes of aluminium was recovered from new scrap and 128,000 tonnes from old scrap. The...
According to the Shanghai Metals Market, China's primary aluminium inventories decreased by 29,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, November 24, the inventories totalled 518,000 tonnes, which in comparison with the month's third Monday, November 21, plummeted by 12,000 tonnes. As of now, the inventories in November dropped by 500,000 tonnes, as recorded in the same period last year and 96,000 tonnes on a month-on-month scale. The inventory in Wuxi marked a new low as there was a constant decline in cargo arrivals, and as sources confirm, this situation would be relevant in the next week as well. The logistical issues in Gongyi were dealt with, yet the number of cargoes in the logistical department was fewer than...
On Thursday, November 24, the domestic social inventory of aluminium billet increased by 2,400 tonnes from a week before 63,000 tonnes. Reduced production in northwest China and disruption of production and railway transport in Shandong supported local conversion margins to the east and north. Arrivals were somewhat constrained due to ongoing difficulties with shipments from Qinghai and Gansu. Below is a chart illustrating China's current aluminium billet inventory situation: As per the data, massive arrivals in Xinjiang increased the inventories in Foshan by 1,100 tonnes to 40,100 tonnes. In Wuxi, the inventory gained 1,400 tonnes to score 8,400 tonnes from 7,000 tonnes recorded a week before. Only in Changzhou, the inventory had contracted by 100 tonnes to close at 4,300 tonnes from...
