The USD 4 billion Oklahoma aluminium smelter project planned by Emirates Global Aluminium (EGA) and Century Aluminum is facing a new hurdle in Inola, where the city council has extended a moratorium on smelter permits and called a referendum on the proposed facility. The 750,000-tonne-per-year aluminium smelter, announced in January, is expected to more than double current US primary aluminium production and would be the first new primary aluminium smelter in the country in almost 50 years. It would also become the largest source of primary aluminium in the Western Hemisphere. The project has taken on added importance as the US imports roughly 60 per cent of the primary aluminium it uses. Aluminium is essential to transportation, defence, aerospace and electrical infrastructure, making...
Vedanta Aluminium Metal has appointed Abhinav Gupta as Chief Financial Officer (CFO), Jharsuguda, effective July 2026, adding a finance executive with more than two decades of experience across Vedanta and Hindustan Zinc to the Odisha operation. Gupta joins Vedanta Aluminium from Vedanta Sesa Goa Iron Ore, where he served as Deputy CFO for the Iron Ore Business from December 2021 to June 2026. In his new position, Gupta will oversee the Jharsuguda unit’s financial strategy and business planning, along with cash flow, working capital, capital allocation, cost management, risk management, compliance, and governance. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: "Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows &...
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The ongoing Russia-Ukraine has changed a lot in the global primary aluminium industry. To begin with, on Tuesday, October 18, the London Metal Exchange (LME) registered warehouses in Gwangyang, South Korea, received significant shipments of Russian-origin aluminium from the Anglo-Swiss multinational commodities trading and mining corporation Glencore, which has its headquarters in Switzerland. Christopher Burnham, the chairman of En+ Group, called the Bloomberg report on the US sanctions rumours published on October 12, 2022, "irresponsible." Rusal, the group's metal division, is the largest independent renewable energy source and the world's top producer of low-carbon aluminium. Due to significant deliveries to London Metal Exchange (LME)-approved warehouses, the LME aluminium cash bid...
According to the Shanghai Metals Market, China’s social inventories of primary aluminium totalled 636,000 tonnes across eight major consumption areas, including SHFE warrants, as of Thursday, October 20. That was a downfall of 28,000 tonnes from Monday and 19,000 tonnes a week ago. On Monday, October 17, China’s primary aluminium inventories stood at 664,000 tonnes, witnessing an increase of 9,000 tonnes from 655,000 tonnes on Thursday, October 13. On a year-on-year basis, China’s inventories as of October 20 edged 321,000 tonnes lower, as pandemic across many regions slowed transportation this year and resulted in fewer cargo arrivals. However, the chart below indicates the current status of primary aluminium inventories across China in more details: In Nanhai, primary aluminium...
Both LME aluminium cash bid price and LME aluminium official settlement price started the week on Monday, October 17, with a plunge of US$69.50 per tonne and US$69 per tonne, respectively, to rest at US$2,239 per tonne and US$2,240 per tonne due to large deliveries to warehouses approved by the London Metal Exchange (LME). On Tuesday, October 18, the prices further decreased by US$39 per tonne and US$39.50 per tonne to rest at US$2,200 per tonne and US$2,200.50 per tonne. They continued to decline the next day as well to settle at US$2,168 per tonne and US$2,169 per tonne, respectively. On Thursday, October 20, both LME aluminium cash bid price and LME aluminium official settlement price elevated after three consecutive days of decline to close at US$2,213.50 per tonne and US$2,214 per...
Malaysia-based Press Metal Aluminium Holdings Bhd has retrieved 123.59 million shares from the market, selling almost a 1.5 per cent stake in the company amounting to RM605.59 million, as was recorded in the local bourse board. The group filled in the data on October 19, Wednesday and Bursa Malaysia confirmed that each share was sold at RM4.90 the day before on October 18. The five Koon brothers were vital in the selling of these shares, where the chief executive officer of the group, Tan Sri Koon Poh Keong, sold for 51.59 million, the group’s executive vice-chairman Koon Poh Ming went down for 20 million, and the executive directors, Koon Poh Weng, Datuk Koon Poh Tat and Koon Poh Kong sold for 30 million, 17 million and 5 million, respectively. Today, the share price of the biggest...
On 20th October 2022, the Aluminum Association, the aluminium industry's leading voice in the United States of America, released the updated environmental product declarations (EPDs) that show reductions in the environmental impact of aluminium product types including primary aluminium ingot, recycled aluminium ingot, aluminium extrusion products and aluminium sheet products. An EPD is a comprehensive, internationally harmonized report describing a product's potential environmental impact through its life cycle. Companies using EPDs in the building and construction industry make informed decisions about what products to use. Charles Johnson, the President & CEO of the Aluminum Association, said, “Aluminum produced in North America is more sustainable than ever. The domestic industry has...
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices for the second day in a row with effect from October 21, 2022. The company’s latest price of aluminium ingot is INR 211,500 per tonne, up by INR 6,000 per tonne or 3.17 per cent from INR 205,500 per tonne on October 20. Hindalco’s aluminium wire rod price has also been raised by INR 6,000 per tonne from INR 216,600 per tonne on October 20 to INR 222,600 per tonne on October 21. Aluminium billets price is no exception and seen a hike of the same amount to peg at INR 225,600 per tonne as of Friday, October 21. Hindalco Industries links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange (LME), which grew by 2.07 per cent on Thursday,...
DTE, an Icelandic metal innovator, has signed a US$1.85 million treaty with Norurál Grundartangi ehf (Nordural), a fully-owned subservient of Century Aluminium Company, to meet the growing demand for low-carbon aluminium products. DTE will utilise its flagship chemical composition analysis solution to enhance the four skimming units of the new low-carbon billet casthouse. Norurál Grundartangi’s newly integrated casthouse will successfully produce150,000 tonnes of billet latest by the first quarter of 2024. DTA’s help is crucial in checking the quality of the molten aluminium transferred from the electrolysis pot room to the furnaces. DTA then helps in determining which quality of aluminium should be stream-lined for use for which particular purpose so that a circular economy can be...
Alro S.A. has decided to abide by the Emergency Ordinance (EO) to compensate for the indirect emission costs embedded in the electricity price. The Romanian vertically integrated aluminium producer is keen on implementing the EO to compete with its fellow European counterparts. This support scheme was created maintaining protocols laid by the European Commission Guidelines on definite State aid measures in the context of the greenhouse gas emission allowance trading scheme post-2021. The EO has been formulated to target the sectors that can face the trauma of rechannelling CO2 emissions owing to substantial indirect costs auxiliary to the energy price. Other Romanian consumers won't face any difficulty if the EO is implemented on heavy energy-intensive units like the Alro S.A., which...
According to the US Census Bureau data, domestic primary aluminium production in July 2022 was 64,000 tonnes, with daily average output at 2,070 tonnes. Compared to the previous month, monthly aluminium production in July edged 14,000 tonnes or 17.95 per cent lower than 78,000 tonnes and daily output recorded a 20.99 per cent fall from 2,620 tonne. The decreased production rate in July could be attributed to the shutdown of Century Aluminium’s smelter in Hawesville, Kentucky. The US Census Bureau data also shows that total aluminium recovered from scrap in July 2022 was 284,000 tonnes compared to 286,000 tonnes in June. Of the total scrap recovered, 150,000 tonnes was recovered from new scrap, while 134,000 tonnes from old scrap. In July 2022, the average US spot market price of primary...
As the global economy is driving through a challenging situation, the aluminium sector witnessed’s price drop amidst the alleged dumping of Russian aluminium, weakening the demand for metal and propelling the cost of production. Aluminium stocks in London Metals Exchange (LME) warehouses surged this week, raising concerns about the potential dumping of Russian-origin aluminium. Currently, the Joe Biden administration is considering banning aluminium imports from Russia. However, that has been reported as irresponsible by the Chairman of the Russian aluminium giant, Rusal. A significant portion of unsold metal ends up in the LME warehousing system. These are warehouses that are authorized to store metal that is registered with the exchange. A highly recognised mining and metal analyst from...
LME aluminium opened at US$2,186 per tonne on Thursday, with its high and low at US$2,209.5 per tonne and US$2,186.5 per tonne, respectively, before closing at US$2,217 per tonne, an increase of US$27 per tonne or 1.23 per cent. On October 20, Thursday, LME aluminium cash bid price elevated by US$45.50 per tonne or 2.1 per cent to peg at US$2,213.50 per tonne, and the LME aluminium official settlement price also went up by US$45 per tonne or 2.07 per cent to rest at US$2,214 per tonne. 3-month bid and the 3-month offer price spiked by 2.15 per cent or US$47 per tonne to stand at US$2,227 per tonne and US$2,228 per tonne, respectively. December 23 bid price and December 23 offer price witnessed an US$39 per tonne or 1.7 per cent upward strike, stopping at US$2,307 per tonne and US$2,312...
Vedanta Limited has hiked its aluminium products and aluminium ingot prices with effect from October 21 in response to the LME aluminium price rally after four consecutive days of decline. Vedanta’s aluminium wire rod price has accumulated INR 6,000 per tonne to range between INR 221,250- 228,750 per tonne as of October 21, whereas on October 20, the price saw a dip of INR 2,500 per tonne to hover around INR 207,750- 238,250 per tonne. Aluminium billet price has also gained INR 6,000 per tonne or 2.77 per cent on October 21 to peg at INR 222,750 per tonne versus INR 216,750 per tonne on October 20. With the latest hike, Vedanta’s aluminium ingot price stands at INR 213,750-244,250 per tonne, up by INR 6,000 per tonne following a downfall on the previous day to INR 207,750- 238,250 per...
A00 aluminium ingot price in China hikes for the third consecutive day to settle at RMB 18,660 per tonne as of Friday, October 21. The price has witnessed a hike of RMB 220 per tonne, with the average prices ranging between RMB 18,640 per tonne and RMB 18,680 per tonne. The spot contract price is expected to be traded at a premium price of RMB 10 per tonne to RMB 50 per tonne. As per the SMM data, the price in Wuxi, Hangzhou and Tianjin has grown by RMB 220 per tonne to score at RMB 18,670 per tonne, RMB 18,690 per tonne and RMB 18,640 per tonne. On the same day, the A00 aluminium ingot price in Foshan, Gongyi, Chongqing and Linyi surged by RMB 210 per tonne to clock at RMB 18,770 per tonne, RMB 18,640 per tonne, RMB 18,790 per tonne and RMB 18,710 per tonne. In Shenyang, the price...
Aluminerie Alouette, one of the largest aluminium smelters in America, received the Aluminium Stewardship Initiative (ASI) Chain of Custody Standard (CoC) certification for its aluminium smelter and casthouse in Sept-Îles, Quebec. In July 2020, the business received Performance Standard Certification. "The fact that aluminum, especially Canadian aluminum, is a solution to climate change cannot be overstated. This new certification adds value to our metal for our shareholders' customers, who are increasingly looking to source green aluminum. Our entire team and our partners can be proud of this news. Everyone works hard every day. This is a key hallmark in today's globalized world," said Claude Gosselin, President and CEO of Aluminerie Alouette. The ASI Performance Standard, which,...
On Thursday, October 20, the A00 aluminium ingot price in China hikes by RMB 50 per tonne to settle at RMB 18,440 per tonne. The average price for the same is likely to range between RMB 18,420 per tonne and RMB 18,460 per tonne, with the spot contract to be traded at a premium price of RMB 0 to RMB 40 per tonne. The prices in Foshan and Chongqing have ascended by RMB 90 per tonne and RMB 70 per tonne to reside at RMB 18,560 per tonne and RMB 18,580 per tonne. In Wuxi, Hangzhou and Shenyang, the A00 aluminium ingot price closed at RMB 18,450 per tonne, RMB 18,470 per tonne and RMB 18,420 per tonne after witnessing a growth of RMB 50 per tonne. As per the data, in Gongyi and Linyi, the prices increased by RMB 30 per tonne to record at RMB 18,430 per tonne and RMB 18,500 per tonne. In...
LME aluminium opened at US$2,186 per tonne on Wednesday, with its high and low at US$2,209.5 per tonne and US$2,162 per tonne, respectively, before closing at US$2,190 per tonne, a drop of US$10 per tonne or 0.46 per cent. On Wednesday, October 19, both LME aluminium cash bid price and LME aluminium official settlement price slumped by US$32 per tonne or 1.45 per cent and US$31.5 per tonne or 1.43 per cent to halt at US$2,168 per tonne and US$2,169 per tonne. 3-month bid price and 3-month offer price slipped by US$36 per tonne or 1.62 per cent and US$35.5 per tonne or US$1.60 per cent to settle at US$2,180 per tonne and US$2,181 per tonne. December 23 bid price and December 23 offer price descended by US$32 per tonne to peg at US$2,268 per tonne and US$2,273 per tonne. LME aluminium...
National Aluminium Company Limited (NALCO) has axed its aluminium ingot and aluminium products prices, on October 19, after witnessing a hike on Thursday, October 6. NALCO’s aluminium ingot price has seen a slash of INR 11,400 per tonne to come in at INR 211,850-215,350 per tonne versus INR 223,250-226,750 per tonne on October 6. NALCO’s aluminium wire rod price has come in at INR 215,350-219,700 per tonne, also surged by INR 11,400 per tonne from INR 226,750-231,100 per tonne on October 6. The price of aluminium billets also witnessed the same price hike at INR 216,300-218,950 per tonne compared to INR 227,700-230,350 per tonne on October 6. NALCO has sharply cut its aluminium prices in response to the LME aluminium official settlement price. From October 18 to October 19, the LME...
Bharat Aluminium Company (BALCO), Vedanta's subsidiary company, has been declared the successful bidder for the Barra Coal Block, situated in the Raigarh district of Chhattisgarh under Tranche IV of the commercial coal block auction conducted by the Ministry of Coal, Govt. of India. Considering the location of the coal block, it is the best possible choice for BALCO. According to estimates, the block contains 900 million tonnes of coal reserves. Upon operationalization, it will provide fuel security and improve power availability while strengthening BALCO's operations and performance. Presently, Balco produces around 600,000 tonnes of aluminium per annum, which is 20% of India's annual aluminium output. The power production capacity at Balco has also reached 2010 MW per annum from 270 MW...
