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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The global mining and metal giant Rio Tinto, who is the majority owner of Tiwai Point aluminium smelter in New Zealand has shown signs of its desire to keep the aluminium smelter functional beyond 2024, but the major power supplier to NZAS, Meridian Energy denies any discussions over a fresh new agreement. Chris Blenkiron, the CEO of New Zealand Aluminium Smelter (NZAS) sought a definitive avenue to pursue operating and contributing to the local and domestic economies beyond 2024, when the smelter had been programmed to shut down, resulting in the dismissal of 1000 jobs. “We are working closely with Ngāi Tahu, Southland and key industry leaders to find the best way to achieve this,” Blenkiron said. “NZAS also has the potential to play a significant role in helping New Zealand’s...
The year 2022 brings along a new beam of hope and inspiration for the metal industry. With this, team AlCircle is excited to announce the launch of its, “Global Aluminium Outlook 2022,” report. The report highlights the overall performance of the aluminium industry and also gives an idea of how the industry is going to perform for the rest of the year. The report's main goal is to go through the major developments of the year in each sector, to see how each vertical influences the growth or counter-growth of the others. According to the report, in 2021, the global aluminium sector rebounded quickly, with demand for primary and recycled metal increasing by 7.6% to 93.5 million tonnes, up from 86.9 million tonnes in 2020. This rebound may be linked to a comeback of demand in all of the...
On 7 th February 2022, Slovakia’s only primary aluminium producer Slovalco aluminium smelter has announced that it has further slashed its production to around 60% in regards to soaring energy prices, emissions allowances and absence of government compensation. Slovalco mentioned that the axe in production completes as declared on 30 th December, and it might drive through 2022 as it criticized the Slovak government for low compensation for energy-intense industries compared to other EU nations. Norsk Hydro majority-owned stated aluminium producer, Slovalco stated, “Central Europe’s only smelter with an annual capacity of 175,000 tonnes of aluminium products, Slovalco shut 44 pots at the weekend after shutting 47 in late 2021 and now has 135 out of 226 pots in operation.” Milan Vesely,...
The Indian state-owned National Aluminium Company (NALCO) has reported that its consolidated net profit excelled from 246.53% to INR 830.67 crore on an up-rise of 58.62% in net sales to INR 3773.26 crore in Q3 December 2021 in comparison to Q3 December 2020. The Profit before tax elevated 271.47% to INR 1,108.94 crore in Q3 December 2021 as against INR 298.53 crore in Q3 December 2020. Nalco’s outstanding results were streamed by sustained supply of raw material, optimized production, strategic power sourcing especially during the phase of coal crisis, better realization and effective capacity utilization of its operational units. The report revealed that total expenses leapt 29.29% to INR 2,736.12 crore with the cost of materials consumed surging 60.48% to INR 513.85 crore during the...
Three-month LME aluminium opened at US$3,090 per tonne and rose 1.52 per cent to close at US$3,134 per tonne on Monday, January 7. On the same day, LME aluminium cash (bid) price and LME aluminium official settlement price soared up by US$61 per tonne or 1.98 per cent to settle at US$3,147.50 per tonne and US$3,148 per tonne, respectively. 3-month bid price and 3-month offer price surged by US$47.50 per tonne and US$46 per tonne to come in at US$3,110.50 per tonne and US$3,111 per tonne. December 23 bid price and December 23 offer price also scored higher at US$2,848 per tonne and US$2,853 per tonne. LME aluminium opening stock continued to decrease to 768250 tonnes. Live warrants and Cancelled warrants recorded at 413725 tonnes and 354525 tonnes. LME aluminium 3-month Asian Reference...
On 6 th February 2022, the Gulf state Bahrain’s duo industrial giants Aluminium Bahrain B.S.C. (Alba) and Bahrain Petroleum Company (Bapco) in the first-of-its-kind initiative, have signed a Memorandum of Understanding (MoU) towards joining of forces to share knowledge and collaborate on implementing Environment, Social and Governance (ESG) initiatives of common interest. The MoU was inked by Alba’s Chief Executive Officer - Ali Al Baqali and Bapco’s Chief Executive Officer - Dr Abdulrahman Jawahery at Awali Township and was attended by Alba’s Chief Power Officer - Amin Sultan, and Bapco’s Acting Deputy Chief Executive and BMP Project Director – Hafedh Al Qassab, as well as other officials from both companies. Furthermore, to due diligence for projects of common interest that are in line...
Three-month LME aluminium opened at US$3,035 per tonne last Friday, and closed at US$3,087 per tonne, up US$51 per tonne or 1.68%. On Friday, February 4, LME aluminium cash (bid) price soared up by US$28.5 per tonne or by 0.93% to close at US$3,086.50 per tonne. For the same day, LME aluminium official settlement price also hiked by US$28.5 per tonne or by 0.93% to peg at US$3,087 per tonne. 3-month bid price and 3-month offer price registered at US$3,063 per tonne and US$3,065 per tonne. December 23 bid price and December 23 offer price scored at US$2,820 per tonne and US$2,825 per tonne. LME aluminium opening stock settled at 775475 tonnes. Live warrants and Cancelled warrants for the same day recorded at 413625 tonnes and 361850 tonnes. LME aluminium 3-month Asian Reference Price...
The global aluminium industry is gradually breaking its barriers to come out of the pandemic, though still countering production curbs, lay-offs, anti-dumping incidents, etc. but also delivering high profits and dividends. As the travelling mode is still facing challenges from certain new variants of the Covid, but to keep the wheels of the business rolling, AlCircle exhibits the updated list of confirmed exhibitors & sponsors for its Expo 2022. The Romanian aluminium house Alro S.A aims to find solutions to resume electrolytic aluminium production. The aluminium smelters entail a raw material that enables the perfect chemical balance through the complicated procedure of converting alumina to aluminium metal. The booming aluminium sector of Australia primarily relies on China to keep the...
The Norwegian aluminium and renewable energy company, headquartered in Oslo Norsk Hydro holds a position among the list of “Fortune – The World’s Most Admired Companies 2022” as one of only three companies from Scandinavia. Hilde Merete Aasheim, the President & CEO of Hydro stated, “This is a great recognition of the work that is being done by our people around the globe. I am also impressed that we are one of only three Scandinavian companies on the list.” Fortune, The World’s Most Admired Companies is based on a survey that engulfs a wide range of criteria, comprising investment value, quality of management and products, social responsibility and ability towards talent retention. Norsk Hydro stands as the only Norwegian company incorporated in the list and ranks number 5 among industry...
On 4 th February 2022, the world’s leading aluminium associations, which comprises, The Aluminium Association (USA), European Aluminium, the Aluminium Association of Canada and the Japan Aluminium Association in conjunction released their newest policymaker briefing, ‘Towards a Fairer and Cleaner Trade-in Aluminium’ , in regards to the on the ongoing challenges in the global trade of aluminium. The paper cites data from the ‘Organization for Economic Co-operation and Development’ (OECD) demonstrating by the means of massive state subsidies, particularly in China, have manipulated aluminium supply chains and tarnished the environment. The briefing was shared with lead trade ministers in all G7 nations (Canada, France, Germany, Italy, Japan, the United Kingdom and the United States). The...
The Doha based highly profitable producer of aluminium, Qatar Aluminium Manufacturing Company (Qamco) has booked an almost nine-fold year-on-year leap in net profit to QR835 million in 2021, rendering into earnings-per-share (EPS) of QR0.15. Qamco board has recommended a total annual dividend distribution of QR446 million for the proposed year, representing a payout ratio of 53% of the current year’s net earnings. A dividend of QR0.08 per share representing 8% of par value resulting in a dividend yield of 4.4% on the closing share price as of 31 st December 2021. Abdulrahman Ahmad al-Shaibi, the Chairman of Qamco, said: “The main highlight of 2021 was a sequential macroeconomic recovery leading to strong price trajectories for primary aluminium, operational excellence along with good...
The factories that produce aluminium metal castings are commonly known as aluminium foundries. In the casting process, aluminium is melted in a liquid form, pouring into a mould and then after the aluminium cast cools off and solidifies, it is drawn from the mould or cast. Aluminium can be cast into varying shapes and sizes, while the aluminium foundries use various types of source metal to charge the furnace, including virgin material, external scrap and internal scrap. The aluminium foundries generally use reverberatory, gas heated crucible or electric resistance furnaces. However, periodically, hydrogen or other gases get into the casting, either by physical entrapment or chemical reaction and if this situation arises, it is removed via the de-gassing process. Aluminium castings are...
The news of AlCircle’s third virtual event, “AlCircle Expo 2022,” is spreading like wildfire! With the first list of confirmed exhibitors and sponsors announced on Tuesday, January 25, AlCircle is really excited to announce that more new confirmed exhibitors and sponsors have been added to the list, bringing in the total count to 25. The event will be held virtually on February 15 and 16, from 11 a.m. to 7 p.m. (GMT). To enrol your name in the list, reach us at events@alcircle.com . With the availability of more advanced technologies to help connect the aluminium industry executives and partners from throughout the value chain together virtually, we are aiming to create a stronger and long-lasting network. Apart from having access to exciting digital tools for flawless technological...
The LME aluminium benchmark price gained US$15.50 per tonne or 0.51 per cent on Thursday, February 3, following three consecutive days of fall from US$3,110 per tonne to US$3,043 per tonne. LME aluminium cash (bid) price and LME aluminium official settlement price settled at US$3,058 per tonne and US$3,058.50 per tonne, respectively, on February 3. 3-month bid price and 3-month offer price increased by US$7 per tonne to total at US$ US$3,033 per tonne and US$3,035 per tonne. But December 23 bid price and December 23 offer price slipped by US$26 per tonne to come in at US$2,797 per tonne US$2,802 per tonne. LME aluminium opening stock stood at 781900 tonnes. Live warrants decreased to 413625 tonnes, while Cancelled warrants moved up to 368275 tonnes. LME aluminium 3-month Asian Reference...
National Aluminium Company Limited (NALCO) slashed its aluminium ingot and aluminium products prices, with effect from, Tuesday, February 1, following five consecutive hikes since January 7. With the latest cut, NALCO’s aluminium ingot price came in at INR 260,550-264,050 per tonne, down by INR 4,500 per tonne from INR 265,050-268,550 per tonne on January 29. NALCO’s aluminium wire rod price also underwent a cut of INR 4,500 per tonne on February 1 to range between INR 263,050-267,400 per tonne versus INR 267,550-271,900 per tonne on the previous day. Aluminium billets price is currently hovering around INR 264,000-266,650 per tonne after being reduced by INR 4,500 per tonne on February 1. NALCO links its aluminium ingot and aluminium products prices to the three-month futures of...
On Wednesday, February 2, the Aluminium Association of India demanded from the government a supply of 25-30 coal rakes per day to ensure viable operations of the aluminium industry. The association informed the government about the availability of coal stocks for only three to four days while production disruptions have been looming across the Indian aluminium sector. “With no relief in sight despite coal stocks running critically low and production disruptions looming across the Indian aluminium sector, the AAI has approached the Ministry of Coal, urging the immediate resumption of adequate coal rakes for the highly power-intensive Aluminium industry,” said the association in a statement. Earlier, AAI, in its representation to the ministry, praised the combined efforts of the coal...
Hindalco Industries Limited back-to-back reduced its aluminium ingot and aluminium products prices, with effect from Wednesday, February 2. The company’s aluminium ingot price saw a cut of INR 2,000 per tonne or 0.76 per cent to come in at INR 262,750 per tonne. On February 1, the price stood at INR 264,750 per tonne after being declined by INR 3,250 per tonne. Hindalco also cut its aluminium wire rod price by INR 2,000 per tonne, bringing it to INR 273,850 per tonne as of February 2 versus INR 275,850 per tonne on the previous day. Aluminium billets price witnessed a cut of INR 2,000 per tonne as well from INR 278,850 per tonne on February 1 to INR 276,850 per tonne on February 2. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on...
On Wednesday, February 2, LME aluminium cash (bid) price dropped by US$29 per tonne to stand at US$3,042.50 per tonne. On the other hand, LME aluminium official settlement price also slumped by US$29 per tonne or by 0.94% to settle at US$3,043 per tonne. 3-month bid price and 3-month offer price closed at US$3,026 per tonne and US$3,028 per tonne. December 23 bid price and December 23 offer price also scored at US$2,823 per tonne US$2,828 per tonne, for the same day. LME aluminium opening stock registered at 782225 tonnes. Live warrants and Cancelled warrants for the same day also scored at 445150 tonnes and 337075 tonnes. LME aluminium 3-month Asian Reference Price also totalled at US$3,038.33 per tonne. SHFE aluminium price The SHFE market is closed on the occasion of Chinese New Year...
