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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Hindalco Industries Limited increased its aluminium ingot and aluminium products prices, with effect from January 26, soon after it reduced the prices on the past two days. Hindalco grew its aluminium ingot price by INR 2,000 per tonne, bringing it to INR 262,750 per tonne. On January 25, Hindalco's aluminium ingot price stood at INR 260,750 per tonne after being down by INR 2,750 per tonne from the previous day. Hindalco’s aluminium wire rod price was also increased by INR 2,000 per tonne on January 26 from INR 271,850 per tonne to INR 273,850 per tonne. Aluminium billets price saw a raise from INR 274,850 per tonne on January 25 to INR 276,850 per tonne on January 26. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London...
A00 aluminium ingot price in China has plunged by RMB 150 per tonne on Thursday, January 27, following a hike of RMB 420 per tonne on January 26. According to the Shanghai Metals Market, the primary aluminium ingot price has come in at RMB 21,440 per tonne, with average prices likely to range between RMB 21,420 per tonne and RMB 21,460 per tonne. The spot contract is estimated to be traded at a premium price of RMB 30-10 per tonne. In Tianjin, A00 aluminium ingot price has shrunk by RMB 180 per tonne to RMB 21,380 per tonne, followed by the downfall of RMB 160 per tonne in Chongqing and Shenyang to stand at RMB 21,440 per tonne and RMB 21,370 per tonne, respectively. In Gongyi and Foshan, primary aluminium ingot price has decreased by RMB 150 per tonne to stand at RMB 21,260 per tonne and...
Three-month LME aluminium opened at $3,090 per tonne and rose 0.16% to close at $3,100 per tonne on Wednesday. On Wednesday, January 26, LME aluminium cash (bid) price hiked by US$29.5 per tonne or by 0.96% to total at US$3,092.50 per tonne. LME aluminium official settlement price also surged by US$29 per tonne or by 0.94% to close at US$3,093 per tonne. 3-month bid price and 3-month offer price settled at US$3,079.50 per tonne and US$3,080 per tonne. December 23 bid price and December 23 offer price also clocked at US$2,800 per tonne and US$2,805 per tonne. LME aluminium opening stock was recorded at 835000 tonnes. Live warrants and Cancelled warrants for the same day came in at 451525 tonnes and 383475 tonnes. LME aluminium 3-month Asian Reference Price totalled at US$3,109.46 per...
The results of the mid-term evaluation of the sector's Sustainability Roadmap Towards 2025 were released today by European Aluminium, the voice of the European aluminium value chain. The mid-term assessment created new industry commitments and set the path for the region's common definition of 'sustainable aluminium,' highlighting the importance of continual improvement, innovation, and cross-industry activities. The European aluminium sector has achieved great progress toward the Roadmap's objectives in the areas of responsible manufacturing, innovative uses, and socio-economic impact since its inception in 2015. The mid-term assessment of the Roadmap highlighted the next actions and instruments to assist the industry to achieve its sustainability targets and raise its ambitions, taking...
Three-month LME aluminium opened at US$3.39.5 per tonne on Tuesday and closed at US$3.95 per tonne, an increase of $57 per tonne or 1.88%. On Tuesday, January 25, LME aluminium cash (bid) price stepped up by US$19 per tonne or by 0.62% to peg at US$3,063 per tonne. On the other hand, LME aluminium official settlement price also hiked by US$19.5 per tonne or by 0.64% to register at US$3,064 per tonne, for the same day respectively. 3-month bid price and 3-month offer price also recorded at US$3,060 per tonne and US$3,061 per tonne. December 23 bid price and December 23 offer price closed at US$2,780 per tonne and US$2,785 per tonne. LME aluminium opening stock settled at 845625 tonnes. Live warrants and Cancelled warrants clocked at 451525 tonnes and 394100 tonnes. LME aluminium 3-month...
As India's economy aims to develop at 9% or more in the next years, one of the country's biggest challenges will be to rebalance its energy demands in favour of renewables by 2030, according to the Paris Agreement. This is where the aluminium industry will play a bigger role than it has in the past. Aluminium consumption will expand at a CAGR of 10% or more due to rapid development in electric cars, renewables, contemporary infrastructure, energy efficient consumer products, and a higher reliance on critical industries such as aerospace and defence. For example, the amount of aluminium used in an EV battery is 40-50 percent higher than in a conventional ICE. Because it is three times lighter than steel, it improves fuel economy, making it an excellent alternative for electric vehicles....
We can wait no more to meet and greet you at our third virtual event “ AlCircle Expo 2022 ”. Like every year, we are looking forward to reuniting with our old clients and making new contacts, while exploring new business opportunities and sharing each other’s success stories. The event will virtually take place on February 15 & 16, from 11 AM to 7 PM (GMT). On this note, we are elated to announce the first set of names who have confirmed their participation as exhibitors & sponsors. To feature your name in this list, reach us at events@alcircle.com . After the first two successful expos in 2020 and 2021, we are now committed to making the AlCircle Expo 2022 bigger, better, and grander. While our aim has remained the same, which is to bring the aluminium industry leaders and partners from...
In North America, primary aluminium production in December 2021 stood at 322,000 tonnes, reflecting a month-on-month increase of 14,000 tonnes or 4.55 per cent, found the International Aluminium Institute. In November, aluminium output in North America came in at 308,000 tonnes, down by 10,000 tonnes or 3.14 per cent from 318,000 tonnes in October. However, on a year-on-year calculation, North America’s primary aluminium output in December 2021 stood 16,000 tonnes or 4.73 per cent lower than 338,000 tonnes. In the fourth quarter of 2021 (October-December), primary aluminium production in North America amounted to 948,000 tonnes, down by 4,000 tonnes or 0.42 per cent from 952,000 tonnes in Q3 2021, and 52,000 tonnes or 5.2 per cent less than 1 million tonnes in Q4 2020. In the entire year,...
The aluminium company in Cameroon is presently sorting out with a group of three European financial institutions to recapitalize Cameroon Aluminium Company (Alucam), the only primary aluminium producer in the CEMAC zone. As per our report from the Technical Commission for the Rehabilitation of Public and Para-Public Sector Enterprises (CTR), the in support European financial institutions are the International Tropical Conservation Fund (ITCF), the Franco-German Financial Group BHF and Investment Bank BPI. Provisionally, there are no details of the funding mechanism selected by the state of Cameroon, the exclusive stakeholder of Alucam, nor on what is anticipated from each financial institution. The CTR explains, “In 2020, Alucam’s financial performance plunged the company in bankruptcy,...
LME aluminium opened at US$3,030 per tonne on Monday and closed at US$3,038 per tonne, an increase of US$15.5 per tonne or 0.51 per cent. Both LME aluminium cash (bid) price and LME aluminium official settlement price continued to decline over the weekend ending January 24 by US$35 per tonne or 1.14% to settle at US$3,044 per tonne and US$3,044.50 per tonne, respectively. 3-month bid price and 3-month offer price decreased by US$31 per tonne and US$30 per tonne to come in at US$3,029 per tonne and US$3,031 per tonne. However, December 23 bid price and December 23 offer price closed higher at US$2,767 per tonne and US$2,772 per tonne, for the same day. LME aluminium opening stock totalled at 859800 tonnes. Live warrants stood at 451525 tonnes, while Cancelled warrants came in at 408275...
In December 2021, primary aluminium production in Africa stood at 139,000 tonnes, flaunting an increase of 8,000 tonnes or 6.11 per cent month-on-month. In November, Africa’s primary aluminium output came in at 131,000 tonnes, down by 6,000 tonnes from 137,000 tonnes in October 2021. On a year-on-year calculation, Africa’s primary aluminium production in December was 4,000 tonnes or 2.96 per cent higher than 135,000 tonnes. In the fourth quarter of 2021 (October-December), Africa produced 407,000 tonnes of primary aluminium in total, up by 4,000 tonnes or 1 per cent from 403,000 tonnes, and 7,000 tonnes or 1.75 per cent more than 400,000 tonnes during the same period last year. In the entire year, Africa’s aluminium production amounted to 1.591 million tonnes, down by 0.87 per cent from...
South32 claimed record aluminium pricing for metal produced by Hillside, its South African smelter, but struggled to clear a backlog of 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 a second quarter production report released today. “Third party port performance at Richards Bay and ongoing congestion in global shipping conditions” said South32 It also cited chain supply issues at its global operations as a result of Covid-19. South32 said it took advantage of "different discharge and cargo transportation possibilities" to profit from high aluminium prices. “We expect the current working capital build to unwind once we...
National Aluminium Company Limited (NALCO) increased its aluminium ingot and aluminium products prices for the fourth time in a row on Saturday, January 22. The company raised its aluminium ingot price by INR 6,300 per tonne or 2.4 per cent from INR 254,850-258,350 per tonne on January 19 to INR 261,150- 264,650 per tonne on Saturday, January 22. NALCO’s aluminium wire rod price also saw a surge of INR 6,300 per tonne to INR 263,650- 268,000 per tonne, with effect from January 22. Aluminium billets price witnessed no exception but a hike of INR 6,300 per tonne from INR 258,300- 260,950 per tonne on January 19 to INR 264,600- 267,250 per tonne on January 22. NALCO links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange,...
LME aluminium opened at US$3,105 per tonne last Friday and closed at US$3,022 per tonne, down US$92.5 per tonne or 2.97%. On Friday, January 21, LME aluminium cash (bid) price dropped by US$30 per tonne or by 0.96% to close at US$3,079/t. LME aluminium official settlement price also went down by US$30 per tonne or by 0.96% to peg at US$3,079.50 per tonne. 3-month bid price and 3-month offer price settled at US$3,060 per tonne and US$3,061 per tonne. December 23 bid price and December 23 offer price registered at US$2,728 per tonne and US$2,733 per tonne, for the same day. LME aluminium opening stock totalled at 865950 tonnes. Live warrants and Cancelled warrants for the same day also stood at 452325 tonnes and 413625 tonnes. LME aluminium 3-month Asian Reference Price came in at...
According to a recent report, Hydro Energi AS, part of the Electric Power Generation, Transmission and Distribution Industry, has entered into a new long-term power purchase agreement (PPA) with Hafslund Eco Vannkraft AS for a supply of 1300 GWh during 2023-29. The PPA will be part of Hydro Energy’s total power portfolio, consisting of captive power production of 9.4 TWh per year and a long-term contract portfolio of around 10 TWh. Hydro has signed 19 long-term power contracts in total since 2014, based on renewable hydro or wind power. Access to renewable energy and modern technology helps Hydro produce aluminium in Norway with a carbon footprint, which is about 75 per cent less than global average. Besides being an active market player in the Nordic power market, Hydro Energi is...
The news that created a buzz this week was the penalty of $678,889 on Rio Tinto for violation of air contaminants at Kitimat aluminium smelter. The Workers' Compensation Board of British Columbia, operating as WorkSafeBC, imposed the fine following building inspection used for cleaning and servicing equipment at Rio Tinto’s Kitimat aluminium smelter. However, the inspection was a follow-up from an endorsement in regards to governing workers’ exposure to process dust that contained toxic and carcinogenic substances such as beryllium. To know more: https://www.alcircle.com/news/rio-tinto-slammed-with-hefty-fine-by-worksafebc-for-violation-of-air-contaminants-at-kitimat-aluminium-smelter-75393 India’s iconic Aluminium producer, Bharat Aluminium Company Limited has made a space for itself in...
LME aluminium cash (bid) price and LME official settlement price opened the week on Monday, January 17, with a hike of US$31 per tonne and US$31.50 per tonne, respectively. That brought the prices to US$3008 per tonne and US$3,009 per tonne. However, on Tuesday, January 18, both LME aluminium cash (bid) price and LME official settlement price slipped by US$3 per tonne to US$3005 per tonne and US$3006 per tonne, but on Wednesday saw a jump of US$30 per tonne to US$3,035 per tonne and US$3,036 per tonne. On Thursday, the prices continued to soar by US$74 per tonne and US$73.50 per tonne to settle at US$3,109 per tonne and US$3,109.50 per tonne, which on Friday, January 21, closed lower at US$3,079 per tonne and US$3,079.50 per tonne. 3-month bid price and 3-month offer price settled at...
Hindalco Industries Limited has further increased its aluminium ingot and aluminium products prices by INR 5,250 per tonne or 2 per cent, with effect from Friday, January 21. The hike for the fourth time in a row has brought the company’s aluminium ingot price to INR 265,250 per tonne from INR 260,000 per tonne on January 20. Hindalco’s aluminium wire rod price has come in at INR 276,350 per tonne, with effect from January 21. On January 20, the price had seen a growth of INR 3,000 per tonne to INR 271,100 per tonne. Aluminium billets price grew from INR 274,100 per tonne to INR 279,350 per tonne. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which on January 20 soared by US$73.50 per tonne to...
