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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In November 2021, domestic primary aluminium production in the United States stood at 75,000 tonnes, reflecting a dip of 1,000 tonnes or 1.32 per cent month-on-month from 76,000 tonnes. On a year-on-year calculation, on the other hand, the output in November grew 1,000 tonnes from 74,000 tonnes. The daily average production in the US in November 2021 was 2,510 tonnes, slightly more than 2,460 tonnes in October 2021 and 2,450 tonnes in November 2020. Total aluminium recovered from scrap in November 2021 was 265,000 tonnes – 4,000 tonnes less than 269,000 tonnes a month ago and 1,000 tonnes more than 264,000 tonnes a year earlier. Of the total scrap recovered, 144,000 tonnes of aluminium was recovered from new scrap and 121,000 tonnes from old scrap. The November 2021 average US spot market...
Hindalco Industries Limited slashed its aluminium ingot and aluminium products prices, with effect from Tuesday, February 1, after two consecutive hikes on January 26 and 28. The company cut its aluminium ingot price by INR 3,250 per tonne to INR 264,750 per tonne. On the previous day, January 28, the company’s aluminium ingot price stood at INR 268,000 per tonne, seeing a surge of INR 5,250 per tonne. Hindalco’s aluminium wire rod price also saw a decline of INR 3,250 per tonne to INR 275,850 per tonne versus INR 279,100 per tonne on January 28. Aluminium billets price came in at INR 278,850 per tonne, compared to INR 282,100 per tonne on the previous day. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange,...
The LME aluminium benchmark price dropped slightly on Tuesday, February 1, following a plunge of US$34 per tonne on the previous day to US$3,076 per tonne. On Tuesday, February 1, LME aluminium cash (bid) price inched down by US$2.50 per tonne to stand at US$3,071.50 per tonne, while LME aluminium official settlement price dropped by US$4 per tonne to come in at US$3,072 per tonne. 3-month bid price and 3-month offer price settled lower at US$3,048 per tonne and US$3,049 per tonne, respectively. But December 23 bid price and December 23 offer price grew by US$12 per tonne to total at US$ US$2,795 per tonne and US$2,800 per tonne, for the same day. LME aluminium opening stock decreased from 799475 tonnes to 788425 tonnes. Live warrants and Cancelled warrants plunged to 445150 tonnes and...
European Aluminium, the European industry voice for the aluminium value chain, is happy to announce Paul Voss' appointment as Director-General, effective from 1 February 2022. Mr Voss will follow Gerd Götz, who will leave the Association at the end of March after almost a decade as the head. “On behalf of all European Aluminium members, I would like to thank Gerd Götz for his unwavering dedication to the Association and aluminium industry. During his nine-year tenure as Director General, European Aluminium adopted a long-term sustainability vision based on aluminium’s role in the transition to a low carbon and circular economy. Notable achievements under his leadership include the launch of the industry’s Sustainability Roadmap Towards 2025, Vision 2050 and Circular Aluminium Action Plan,...
In December 2021, primary aluminium production in Russia & Eastern Europe stood at 351,000 tonnes, up by 12,000 tonnes or 3.54 per cent month-on-month, found the International Aluminium Institute. In November, primary aluminium production in Russia and Eastern Europe came in at 339,000 tonnes, down by 13,000 tonnes or 3.69 per cent from 352,000 tonnes in October. On a year-on-year basis, Russia & Eastern Europe’s primary aluminium production in December 2021 stood mostly unchanged compared to 352,000 tonnes. In the fourth quarter of the year (Oct-December) of 2021, primary aluminium output in Russia & Eastern Europe totalled 1.042 million tonnes versus 1.040 million tonnes in Q3 2021 and 1.043 million tonnes in Q4 2020. In the entire year 2021, primary aluminium production in Russia &...
The Aluminium Association of India (AAI) has addressed the Ministry of Coal urging for the immediate resumption of adequate coal rakes for the highly power-intensive aluminium industry with no assurance of adequate coal supply notwithstanding the stockpiles of coal gushing captiously low, resulting in production derangement emerging across the Indian aluminium sector. AAI in its representation to the ministry has praised the combined efforts by the Ministry of Coal and Coal India Limited in reviving domestic coal production, which has succoured to soothe the coal supply crisis for the domestic power sector. The stride undertaken by the ministry has increased the overall daily rakes dispatched from 242 rakes per day in September 2021 to 289 rakes per day in December 2021. Now, this has...
On Monday, January 31, LME aluminium cash (bid) price dropped by US$34 per tonne or by 1.09% to score at US$3,074 per tonne. On the other hand, LME aluminium official settlement price also went down by US$34 per tonne or by 1.09% to score at US$3,076 per tonne. 3-month bid price and 3-month offer price settled at US$3,050 per tonne and US$3,052 per tonne. December 23 bid price and December 23 offer price also recorded at US$2,783 per tonne and US$2,788 per tonne, for the same day. LME aluminium opening stock pegged at 799475 tonnes. Live warrants and Cancelled warrants for the same day registered at 449525 tonnes and 349950 tonnes. LME aluminium 3-month Asian Reference Price also totalled at US$3,068.50 per tonne. SHFE aluminium price The most-traded SHFE 2203 aluminium closed up 2.05 per...
ALRO S.A. (BVB: ALR, "the Company" or "ALRO"), one of Europe's largest vertically integrated aluminium producers by capacity, announces that the company's management is focusing on finding solutions to restore electrolytic aluminium production to the level of 2021 beginning in 2023, subject to market energy prices. “We are actively looking for solutions to secure the energy needs for 2023 for all our five potrooms and thus to preserve the vertical integration feature of our business, as we believe the integration will remain in the long run one of the main advantages of our business model”,said Marian NĂSTASE, Chairman of the Board of Directors, ALRO. “Based on our current estimations, the restarting costs for each electrolysis potroom may be in the range of USD 10-12 million, depending...
According to latest estimates, aluminium has strong potential in 2022 to outperform other non-ferrous metals on the London Metal Exchange, exceeding the important milestone of $3000/t at the start of the year. The news came after diversified mining major Eurasian Resources Group CEO Benedikt Sobotka said in a statement on January 27. According to Sobotka, the aluminium market will remain in a deficit in 2022 for the second consecutive year, as indicated by inventories at the lowest level since the global financial crisis – a period of extreme stress in global financial markets and banking systems between mid-2007 and early 2009. In 2021, the global aluminium price stood 13-year high, increasing by more than 40 per cent year-on-year. Sobotka predicts China’s aluminium supply growth to be...
On Friday, January 28, Vedanta Limited, a subsidiary of Vedanta Resources Limited, declared its unaudited Q3 and nine months results ended December 31, 2021. The company said it earned consolidated quarterly revenue of INR 33,697 crore, an increase of 12 per cent Q-o-Q from INR 30,048 crore and up by 50 per cent Y-o-Y from INR 22,498 crore. The revenue in nine months came in at INR 91,850 crore, which flaunted a hike of 56 per cent from INR 58,989 crore during the same period last year. The increase in revenue could be attributed to improved commodity prices and higher sales volume across businesses. Vedanta reported record aluminium production of 578,000 tonnes in Q3, up by 16 per cent Y-o-Y. Alumina output also saw a rise of 16 per cent Y-o-Y to 472,000 tonnes in 3QFY2022. Vedanta also...
The LME aluminium benchmark price grew slightly on Friday, January 28, after incessant hikes from U$3,044.50 per tonne to US$3,107 per tonne during January 24-27. On Friday, January 28, LME aluminium cash (bid) price and LME aluminium official settlement price inched up by only US$2 per tonne and US$3 per tonne, respectively, to come in at US$3,108 per tonne and US$3,110 per tonne. But 3-month bid price and 3-month offer price descended by US$10 per tonne and US$11 per tonne to close at US$3,085 per tonne. December 23 bid price and December 23 offer price also closed lower at US$2,815 per tonne and US$2,820 per tonne as of January 28. LME aluminium opening stock totalled at 811050 tonnes on January 28. Live warrants remained restrained at 450250 tonnes, while Cancelled warrants declined...
National Aluminium Company Limited (NALCO) again increased its aluminium ingot and aluminium products prices after a week, with effect from Saturday, January 29. The company’s aluminium ingot price grew by INR 3,900 per tonne from INR 261,150- 264,650 per tonne on January 22 to INR 265,050-268,550 per tonne on January 29. NALCO hiked its aluminium wire rod price also by INR 3,900 per tonne on January 29, bringing it to INR 267,550-271,900 per tonne. On January 22, the price stood at INR 263,650- 268,000 per tonne, seeing a surge of INR 6,300 per tonne. NALCO’s aluminium billets price witnessed no exception but an increase of INR 3,900 per tonne from INR 264,600- 267,250 per tonne to INR 268,500-271,150 per tonne. NALCO links its aluminium ingot and aluminium products prices to the...
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 smelters running. The nation is the largest aluminium-producing region without a domestic AIF3 production capacity. Ian Levy, the Executive Director of ABx Group stated, “The federal government appreciated the importance of AIF3 post-war when it created Comalco, now owned by Rio Tinto.” “Currently some smelters are experiencing significant challenges because of container shipping delays for chemicals and other specialist raw materials,” says Levy. “Imagine a bakery without the smallest thing: yeast. Without it, you can’t make the bread. It’s the same...
Some of the news that created a buzz in the global primary aluminium market this week included record aluminium pricing claimed by South32 for metal produced at its South African smelter Hillside. But the company struggled to clear a backlog of the metal due to port congestion in both South Africa and Mozambique, where it has a smelter. The company said it was working on alternate strategies to mitigate a capital increase as a result of larger inventories in the second-quarter production report released today. To know more: https://www.alcircle.com/news/south32-reports-record-breaking-prices-for-south-african-aluminium-75447 The aluminium company in Cameroon is presently sorting out with a group of three European financial institutions to recapitalize Cameroon Aluminium Company (Alucam),...
Both LME aluminium cash (bid) price and LME official settlement price trended up throughout the week, starting at US$3,044 per tonne and US$3,044.50 per tonne on Monday, January 24. On Tuesday, January 25, LME aluminium cash (bid) price and LME official settlement price rose 60 per cent to come in at US$3,063 per tonne and US$3,064 per tonne, respectively. On Wednesday, January 26, LME aluminium cash (bid) price and LME official settlement price further surged to close at US$3,092.50 per tonne and US$3,093 per tonne. On January 27, the prices settled even higher at US$3,106 per tonne and US$3,107 per tonne, and finally closed the week at US$3,108 per tonne and US$3,110 per tonne, respectively. 3-month bid price and 3-month offer price moved up from US$3,029 per tonne and US$3,031 per...
The aluminium sector, which has played a vital role in India's V-shaped economic rebound, has asked for the cess on coal to be removed from the Union Budget, which will be delivered on Tuesday, in order to cut increasing electricity costs for manufacturers. In addition, the NITI Aayog has raised the issue of high power costs for Indian aluminium production, resulting in a competitive disadvantage compared to foreign competitors. The coal cess alone accounts for 20% of the cost of extracting coal. As a result, India is one of the most costly countries to manufacture coal-based power, despite having a comparative edge in coal reserves. The coal cess has been raised many times, from Rs 50 per MT to Rs 400 per MT. Currently, coal cess contributes to the higher electricity cost burden, raising...
According to the Shanghai Metals Market estimates, China’s aluminium production in January 2022 will drop by 2.6 per cent year-on-year to come in at 3.19 million tonnes. The daily average output will be 103,000 tonnes, up 600 tonnes month-on-month. The proportion of aluminium liquid in smelter’s product portfolio is estimated to be 64.1 per cent in the said month, down by 1.4 percentage points month-on-month but up by 0.8 percentage point on the year. On the other hand, the operating aluminium capacity has continued to increase in January. A total of 530,000 tonnes of aluminium capacity has been put into operation across Wenshan in Yunnan, east Inner Mongolia, Guizhou, and Shanxi. But the output released was low in the said month. As of January 28, 2022, the domestic operating aluminium...
LME aluminium opened at US$3,093 per tonne on Thursday and closed at US$3,100.50 per tonne, an increase of $0.50 per tonne or 0.02 per cent. On Thursday, January 27, LME aluminium cash (bid) price and LME aluminium official settlement price grew by US$13.50 per tonne and US$14 per tonne, respectively, to come in at US$3,106 per tonne and US$3,107 per tonne. 3-month bid price and 3-month offer price moved up by US$15.50 per tonne and US$16 per tonne to stand at US$3,095 per tonne and US$3,096 per tonne. December 23 bid price and December 23 offer price also closed higher at US$2,823 per tonne and US$2,828 per tonne. LME aluminium opening stock decreased from 835000 tonnes to 823525 tonnes. Live warrants and Cancelled warrants for the same day came in at 450250 tonnes and 373275 tonnes. LME...
