Vietnam’s first electrolytic aluminium project has reached another major milestone, with the second phase of the 450,000-tonne-per-year (tpa) Da Nong project producing its first batch of molten primary aluminium on October 31, 2026. The milestone, achieved by China Nonferrous Metal Industry’s Foreign Engineering and Construction Co., Ltd. (NFC), which is the project’s general contractor, came four months and three days ahead of the contractual schedule, officially moving the second phase from construction to trial production. The latest development builds on the progress made during the first phase, which produced its first batch of molten primary aluminium on July 14. By September 15, all electrolytic cells in the first phase had successfully started producing aluminium. The second...
The London Metal Exchange (LME) aluminium price graph dipped across the pricing and contract segments on the November 2 trading session, reporting declines over the October 30 close . The Asian Reference Price and alumina Platts price, on the other hand, reported nearly 1 per cent gains. The LME aluminium cash bid price dipped by 0.63 per cent from USD 3,113.5 per tonne to USD 3,094 per tonne. The offer price moved from USD 3,114 per tonne to USD 3,095 per tonne, down 0.61 per cent day-on-day. Explore: Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The LME aluminium three-month bid advanced from USD 3,078 per tonne from USD 3,059.5 per tonne, decreasing by 0.6 per cent. The offer...
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After three consecutive hikes from February 5 to February 11, Hindalco Industries Limited slashed its aluminium ingot and aluminium products prices, with effect from Saturday, February 12, in line with the LME aluminium price plunge. With the latest cut, Hindalco’s aluminium ingot price came in at INR 276,000 per tonne, down by INR 7,750 per tonne or 2.73 per cent from INR 283,750 per tonne on February 11. Hindalco’s aluminium wire rod price also nosedived by INR 7,750 per tonne from INR 294,850 per tonne on February 11 to INR 287,100 per tonne on February 12. Aluminium billets price scored at INR 290,100 per tonne as against INR 297,850 per tonne on February 11. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal...
The wait is about to end, and we’re here to remind you that there’s only one day to go to our third virtual event AlCircle Expo 2022 on February 15 & 16, from 11 AM to 7 PM (GMT). We are excited to meet you at the event, an ideal platform to expand business network, explore new business ideas, interact with industry leaders, and bag insightful knowledge. The event is virtual, but the experience will be real! We assure you to have an excellent opportunity to rub your shoulders with exhibitors from the world's leading aluminium companies like NKM Noell, Alba, Mitsui Bussan Commodities, CHALCO, Gouda Refractories, Fives, SECO/WARWICK, Nature Alu, Precimeter, and many others as noted in the below image. You will also be able to meet some of our eminent sponsors at the event: Besides, you can...
LME aluminium opened at US$3,238 per tonne last Friday and ranged between US$3,108-3,240 per tonne before closing at US$3,199 per tonne, a decrease of US$39 per tonne or 1.2 per cent. On Friday, February 11, LME aluminium cash (bid) price slipped by US$112.50 per tonne to come in at US$3,199.50 per tonne, while LME aluminium official settlement price shrank by US$113 per tonne to score at US$3,200 per tonne. 3-month bid price and 3-month offer price plunged by US$107 per tonne to stand at US$3,179 per tonne and US$3,180 per tonne, respectively. December 23 bid price and December 23 offer price also saw a decline of US$46 per tonne to US$2,817 per tonne and US$2,822 per tonne. LME aluminium opening stock totalled 875250 tonnes on February 11. Live warrants increased to 607275 tonnes, while...
The Singapore-based multinational commodity trading giant Trafigura Group Pte Ltd. has delivered a sheer caution for aluminium buyers that extensive dearth of one of the most universally used metals of the world witness to fade away of stockpiles by 2024. Aluminium is a heavily demanded metal after steel, as it is extensively utilized in all means from cans to cars to aeroplanes. The silvery metals demand has escalated as the global economy recoils from the deadly Covid pandemic, whereas an energy supply set back in Europe and China has grooved supply. This has resulted in the prices of aluminium breaking its 13 years record and anticipate of even more gains will add to the trouble of high inflation confronting consumers and central banks. Philippe Mueller, The Head of aluminium trading...
The continuous grievance and follow up which came from the non-power sectors majorly from the aluminium and other manufacturing industry bodies in regards to the continuous challenges of coal supply dearth since August 2021, the Indian state-owned Coal India Limited (CIL) on 12 th February 2021 stated that it will further scale up supplies to this sector. Coal India in a statement said, “Currently supplying around 3.4 Lakh tonnes of coal per day to the non-power sector (NPS) which is the company’s average supply to this segment. With more than 37 million tonnes (MTs) of coal at its pitheads, CIL aims to further step up supplies to this sector.” The Indian aluminium industry and other industry bodies representing fertiliser, textile, sponge iron and captive power producers had written...
This week saw releases of quarterly and full-year operational and financial reports by some leading primary aluminium producing companies like Rusal from Russia, Alba from Bahrain, and NALCO from India. Rusal reported a 1 per cent quarter-on-quarter growth in its aluminium production to 953,000 tonnes in Q4 2021, with Siberian smelters representing 93 per cent of the total output. In full-year, the output stood at 3.764 million tonnes, mostly unchanged compared to 3.755 million tonnes a year ago. To know more: https://www.alcircle.com/news/rusals-aluminium-production-in-4q2021-grows-by-only-1-q-o-q-to-953-000-tonnes-while-sales-volume-hike-8-to-989-000-tonnes-76601 Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter outside China, reported the strongest financial...
The LME aluminium benchmark price continued to trend up throughout the week from Monday, February 7, to Thursday, February 10, to reach a 14-year high. It started the week at US$3,148 per tonne, seeing a rise of US$61 per tonne or 1.98 per cent from the previous day. On Tuesday, February 8, the LME aluminium price surged by US$97 per tonne or 3.08 per cent to settle at US$3,245 per tonne. On February 9, the LME aluminium price inched up by only US$3 per tonne to stand at US$3,248 per tonne but jumped the next day by US$65 per tonne to US$3,313 per tonne. However, on Friday, February 11, the LME aluminium price slipped by US$113 per tonne to close the week at US$3,200 per tonne. 3-month bid price and 3-month offer price increased on Monday by above US$45 per tonne to peg at US$3,110.50 per...
Access World is well-known in the aluminium trade and industry. With its historical expertise and presence in the refined metals industry, they provide global warehousing and logistics services to producers, traders and end-users. Being a key global warehousing and logistics provider in commodities, the combination of offering London Metals Exchange Warehousing and physical distribution provides an important supply chain support role and trade function for this market. Access World regularly ship and distribute refined aluminium, p1020 quality ingots, T-bars and sows but also special products like billets, plates and coils. They also support producers and smelters handling and storing raw materials for production like bauxite and alumina. Access World diversification in the Metals Supply...
Rusal reported a 1 per cent quarter-on-quarter growth in its aluminium production to 953,000 tonnes in Q4 2021, with Siberian smelters representing 93 per cent of the total output. In full-year, Rusal’s aluminium production stood at 3.764 million tonnes, mostly unchanged compared to 3.755 million tonnes in a year ago. Production of Rusal’s aluminium foil and packaging came in at 27,700 tonnes in Q4 2021 versus 27,400 tonnes in Q3, while the output in the entire year totalled 109,000 tonnes, up by 5.2 per cent from 103,000 tonnes. Aluminium sales amounted to 989,000 tonnes in Q4 2021, reflecting an increase of 8.1 per cent from 915,000 tonnes in Q3 2021. In total 12 months, aluminium sales closed the year at 3.904 million tonnes, down by 0.5 per cent from 3.926 million tonnes. Value-added...
Hindalco Industries Limited has further expanded its aluminium ingot and aluminium products prices, in line with a continuous increase in the global aluminium benchmark price. With effect from Friday, February 11, Hindalco’s aluminium ingot price has come in at INR 283,750 per tonne, up by INR 4,600 per tonne from INR 288,350 per tonne on the previous day. Hindalco has also raised its aluminium wire rod and billets prices by INR 4,600 per tonne on February 11. While the former price has pegged at INR 294,850 per tonne versus INR 288,350 per tonne on February 9, the latter is standing at INR 297,850 per tonne compared to INR 291,350 per tonne. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which after...
After the third quarter, analysts kept their 'buy' calls on Hindalco Industries Ltd., noting a surge in aluminium prices, a shift in focus from deleveraging to growth potential, and the addition of Brownfield smelting capacity. In the quarter ended December, India's largest aluminium manufacturer saw its net profit jump 7.5 percent sequentially. Its operational income, on the other hand, fell throughout that time. Novelis, a subsidiary, had its quarterly Ebitda drop as well. Hindalco's stock rose as much as 1.21% before falling down to 0.58% higher at 10:04 a.m. on Friday. According to Bloomberg statistics, 27 of the 28 analysts following the business recommend a 'buy,' while one suggests a 'sell.' The 12-month consensus price goal suggests a 13% gain. The Aditya Birla Group's metals...
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter outside China, has reportedly launched its four-quarter and full-year 2021 financial results, whereby it has declared a profit of BD181.2 million (US$481.9 million) for 4Q2021. That was an increase of 466 per cent from a profit of BD32 million (US$85.1 million) during the same period last year. Gross profit for 4Q2021 was BD215.5 million (US$573.1 million), which reflected a rise of 259 per cent from BD60.1 million (US$159.8 million). Alba also reported that its total comprehensive income during Q4 2021 was BD183million (US$486.7 million), a surge of 455 per cent from BD32.9 million (US$87.8 million) a year ago. For the full-year of 2021, Alba has reported a profit of BD451.9 million (US$1,202 million) in contrast to...
After a jump in stocks raised the chance that supplies are not as tight as anticipated, aluminium prices dipped from their highest levels in more than 13 years on Thursday. On Thursday, February 10, LME aluminium cash (bid) price had increased by US$66 per tonne or by 2.03% to score at US$3,312per tonne. LME aluminium official settlement price had also soared up by US$65 per tonne or by 2% to peg at US$3,313 per tonne. 3-month bid price and 3-month offer price registered at US$3,286 per tonne and US$3,287 per tonne, for the same day. December 23 bid price and December 23 offer price settled at US$2,863 per tonne and US$2,868 per tonne. LME aluminium opening stock totalled at 880975 tonnes. Live warrants and Cancelled warrant came in at 595150 tonnes and 285825 tonnes. LME aluminium...
According to the Shanghai Metals Market, social inventories of primary aluminium have surged by 84,000 tonnes over the past three days across eight major consumption areas in China, including SHFE warrants, to come in at 950,000 tonnes as of Thursday, February 10. On Monday, February 7, the inventories stood at 866,000 tonnes, compared to 726,000 tonnes on January 27. Last week, on February 3, the SMM market was closed for the Chinese New Year holiday. The chart below indicates the current status of primary aluminium inventories across China in more details: Primary aluminium inventories in Wuxi have soared by 48,000 tonnes to come in at 333,000 tonnes, followed by the surge of 23,000 tonnes in Gongyi to hover around 140,000 tonnes. In Nanhai, primary aluminium inventories have increased...
The LME aluminium benchmark price rose slightly on Wednesday, February 9, following four consecutive days of hike from US$3,043 per tonne to US$3,245 per tonne. On Wednesday, February 9, LME aluminium cash (bid) price inched up by US$2 per tonne, while LME aluminium official settlement price gained US$3 per tonne to come in at US$3,246 per tonne and US$3,248 per tonne. 3-month bid price and 3-month offer price jumped by US$30 per tonne to settle at US$3,224.50 per tonne and US$3,225.50 per tonne. December 23 bid price and December 23 offer price totalled at US$2,880 per tonne and US$2,885 per tonne. LME aluminium opening stock further decreased to 761950 tonnes. Live warrants and Cancelled warrants was recorded at 418850 tonnes and 343100 tonnes. LME aluminium 3-month Asian Reference...
National Aluminium Company Limited (NALCO) has hiked its aluminium ingot and aluminium products prices on Wednesday, February 9, in response to the LME aluminium new price high since 2008. NALCO has increased its aluminium ingot price by INR 14,500 per tonne to INR 275050- 278550 per tonne on February 9. Over a week ago, on February 1, NALCO’s aluminium ingot price had seen a slash of INR 4,500 per tonne to INR 260,550-264,050 per tonne. NALCO’s aluminium wire rod price also experienced a surge of INR 14,500 per tonne on February 9 from INR 263,050-267,400 per tonne on February 1 to INR 277,550- 281,900 per tonne. With effect from February 9, aluminium billets price has come in at INR 278,500- 281,150 per tonne, in compare to INR 264,000-266,650 per tonne until the previous day. NALCO...
On Tuesday, February 7, Baise, the leading aluminium-producing Chinese city, reported a surge in local COVID-19 cases for the third straight day and ensuing lockdown, which aggravated worries about supply disruption of the metal. The city of Guangxi, with 3.6 million populations, recorded 64 new confirmed cases on Monday, up from 37 on Sunday and 6 on Saturday, reported National Health Commission. The city has reportedly ordered residents to stay indoors and follow national guidelines to contain local transmission. Restrictions due to the rise in covid cases in Baise have already hit alumina production, while many producers are experiencing transport disruptions, said Antaike, a government-backed consultancy. Concerns about production disarray have also lifted aluminium prices on the LME...
On Tuesday, February 8, LME aluminium cash (bid) price had gone up by US$96.5 per tonne or 3.06% to score at US$3,244 per tonne. For the same day, LME aluminium official settlement price also surged by US$97 per tonne or by 3.08% to peg at US$3,245 per tonne. 3-month bid price and 3-month offer price registered at US$3,194.50 per tonne and US$3,195.50 per tonne. December 23 bid price and December 23 offer price totalled at US$2,843 per tonne and US$2,848 per tonne. LME aluminium opening stock came in at 767700 tonnes. Live warrants and Cancelled warrants was recorded at 418950 tonnes and 348750 tonnes. LME aluminium 3-month Asian Reference Price closed at US$3,179.87 per tonne. SHFE aluminium price On Wednesday, February 9, the benchmark aluminium price for SHFE has ascended by US$82 per...
