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 United States (US) and Britain initiated dialogue on Wednesday, January 19, aimed at resolving the dispute over tariffs that were imposed by the Trump administration on imported aluminium and steel. As per the report, top trade officials from Washington and London said they are committed to working towards an expeditious outcome resulting from an excess global capacity of primary aluminium, primarily due to China. The US Trade Representative Katherine Tai and Commerce Secretary Gina Raimondo met Britain’s International Trade Secretary Anne Marie Trevelyan virtually and pledged to find effective solutions. The tariffs imposed on Britain caused friction with the United States, which, in turn, retaliated with punitive duties on American goods. According to the report, the officials...
The Indonesian aluminium giant PT Indonesia Asahan Aluminum in vernacular known as Inalum attained aluminium production of 243,000 tonnes while sales were recorded at 218,000 tonnes in 2021. The Mining Industry Indonesia (MIND ID) holding company depended on aluminium commodities by diversifying the portfolio into ingots, alloys, and billets. On 20 th January 2022, Danny Praditya, the Director of Operations and Portfolio stated, “Throughout 2021, in the middle of the second year of the pandemic, the company will continue to optimize the operational effectiveness of its aluminium smelter by keeping the entire business chain running.” He further added, “Maintaining the supply chain of raw materials to the performance of Hydroelectric Power Plants (PLTA) as the main energy source, the 2021...
LME aluminium opened at US$3,047 per tonne on Thursday and closed at US$3,115 per tonne, an increase of US$62 per tonne or 2.03 per cent. On Thursday, January 20, LME aluminium cash (bid) price and LME aluminium official settlement price soared by US$74 per tonne and US$73.50 per tonne, respectively, to close at US$3,109 per tonne and US$3,109.50 per tonne. 3-month bid price and 3-month offer price also grew significantly by US$53.50 per tonne and US$55 per tonne to come in at US$3,080 per tonne and US$3,082 per tonne. However, December 23 bid price and December 23 offer price dropped by US$5 per tonne to stand at US$2,728 per tonne and US$2,733 per tonne. LME aluminium opening stock decreased to 873650 tonnes. Live warrants and Cancelled warrants for the same day was found at 464100...
With the end of the year 2021, the International Aluminium Institute data shows the world primary aluminium production in December stood at 5.622 million tonnes. That was an increase of 3.61 per cent month-on-month from 5.426 million tonnes. In October, the world primary aluminium production was at 5.689 million tonnes, meaning the output in November edged a downfall of 4.62 per cent. In the last quarter of the year (4Q2021), the world primary aluminium production totalled 16.737 million tonnes, down by 0.95 per cent from 16.898 million tonnes in 3Q2021 and 0.50 per cent from 16.821 million tonnes in 4Q2020. In the entire 2021, the global aluminium production amounted to 67.343 million tonnes, which reflected a hike of 3.09 per cent from 65.325 million tonnes a year ago. The world’s daily...
According to the Shanghai Metals Market, social inventories of primary aluminium in China have gained 2,000 tonnes this week ending January 20, 2022, across eight major consumption areas, including SHFE warrants. Therefore, the inventories have come in at 726,000 tonnes, compared to 724,000 tonnes on January 13. Primary aluminium inventories have increased this week after the past eight consecutive weeks of decline since November 25. The chart below indicates the current status of primary aluminium inventories across China in more details: Gongyi and Nanhai are the two Chinese provinces that have primarily contributed to the primary aluminium inventories growth this week by adding up 9,000 tonnes and 7,000 tonnes, respectively, to 76,000 tonnes and 184,000 tonnes, as of January 20. In...
Alcoa Corp., the largest aluminium manufacturer in the United States, cautioned investors on Wednesday that any confrontation between Russia and Ukraine might affect the global aluminium market. Any form of aggressiveness, according to Chief Executive Officer Roy Harvey, might affect supplies from Russia, the world's second-largest aluminium producer. It might also lead to an increase in energy prices, which would have a knock-on effect on the aluminium sector due to the metal's high energy consumption. In response to a question about the hazards that a war would pose to the sector, Harvey stated that it may also disrupt demand. “That can very quickly impact the supply,” Harvey said in a call with analysts. President Joe Biden stated during a press conference on Wednesday that he believes...
LME aluminium opened at US$3,012 per tonne on Wednesday and closed at US$3,053 per tonne, an increase of US$33 per tonne or 1.09%. On Wednesday, January 19, LME aluminium cash (bid) price hiked by US$30 per tonne or by 0.99% to peg at US$3,035 per tonne. LME aluminium official settlement price also showed a surge of US$30 per tonne or by 0.99% to settle at US$3,036 per tonne. 3-month bid price and 3-month offer price registered at US$3,026.50 per tonne and US$3,027 per tonne. December 23 bid price and December 23 offer price was recorded at US$2,733 per tonne and US$2,738 per tonne. LME aluminium opening stock stood at 878750 tonnes. Live warrants and Cancelled warrants for the same day was found to be 474675 tonnes and 404075 tonnes. LME aluminium 3-month Asian Reference Price closed at...
Rusal, the Russian aluminium giant, has reportedly announced the achievement of Aluminium Stewardship Initiative certification for its four additional production sites. The four sites include Rusal’s Kandalaksha aluminium smelter, two aluminium foil plants Sayanal and Armenal (Armenia), and Europe’s largest alumina refinery Aughinish at Ireland. They are certified against the ASI Performance Standard and Chain of Custody Standard certifications, bringing the total number of ASI Rusal certificates to 13. Some of the other nine Rusal facilities which were previously certified by ASI include Krasnoyarsk, Bratsk, Sayanogorsk, Irkutsk and Boguchansk. Rusal first joined the International Aluminium Stewardship Initiative in 2015. On the recent achievement of ASI certifications, Irina Bakhtina,...
Aluminium Bahrain B.S.C. (Alba), the world's largest aluminium smelter outside of China, signed a Memorandum of Understanding (MoU) with Mitsubishi Heavy Industries EMEA Ltd. (MHI EMEA), a subsidiary of Mitsubishi Heavy Industries (MHI) Group, on January 19, 2022, to collaborate on ways to reduce Alba's carbon footprint. The MoU, which is the first of its kind with an aluminium producer, will lay the groundwork for a feasibility study on using MHI Group's CO2 capture from flue gas technology, developed in collaboration with Kansai Electric Power Co., to reduce Alba's plant emissions to achieve decarbonization. Alba's Chairman of the Board Shaikh Daij bin Salman bin Daij Al Khalifa and Kentaro Hosomi, CEO of MHI EMEA, were present at the signing ceremony, which was held at Al Dana Hall in...
National Aluminium Company Limited (NALCO) has hiked its aluminium ingot and aluminium products prices for the third time in a row, with effect from Wednesday, January 19. The company has raised its aluminium ingot price by INR 5,300 per tonne to the range INR 254,850-258,350 per tonne. On Friday, January 14, NALCO’s aluminium ingot price stood at INR 249,550- 253,050 per tonne, seeing a rise of INR 2,100 per tonne. With the latest hike, NALCO’s aluminium wire rod price came in at INR 257,350-261,700 per tonne, up by INR 5,300 per tonne from INR 252,050- 256,400 per tonne on January 14. The company’s aluminium billets price also saw a surge of INR 5,300 per tonne from INR 253,000- 255,650 per tonne to INR 258,300- 260,950 per tonne, as of January 19. NALCO links its aluminium ingot and...
The Aluminium Stewardship Initiative has certified OETINGER Aluminium against the Performance Standard Certification with Provisional status for the production of aluminium alloys from scrap and recycled materials at Weißenhorn and Neu-Ulm plants in Germany. The two plants together produce nearly 180,000 tonnes per year of aluminium. OETINGER Aluminium recycles scrap and refines it into aluminium alloys, in the form of liquid and solid. The alloys produced at the plants are destined for the automotive engineering, mechanical engineering, and electrical industries. Fiona Solomon, Chief Executive Officer at ASI, said: “We warmly congratulate OETINGER Aluminium on achieving ASI Performance Standard Certification with Provisional status. The company is an essential link in the value chain,...
LME aluminium opened at US$2,995 per tonne on Tuesday and closed at US$3,020 per tonne, an increase of US$20 per tonne or 0.67 per cent. On Tuesday, January 18, both LME aluminium cash (bid) price and LME aluminium official settlement price slipped by only US$3 per tonne to stand at US$3005 per tonne and US$3006 per tonne, respectively. However, on the other hand, 3-month bid price and 3-month offer price grew by US$11.50 per tonne and US$10 per tonne to come in at US$3005.50 per tonne and US$3006 per tonne. December 23 bid price and December 23 offer price for the same day stood at US$2,733 per tonne and US$2,738 per tonne. LME aluminium opening stock decreased from 892800 tonnes to 884125 tonnes. Live warrants decreased to 476475 tonnes, while Cancelled warrants climbed to 407650...
India’s largest producer of aluminium and value-added products, Vedanta Aluminium and start-up manufacturing firm Runaya Refining have secured the ‘Gold’ award at the (Business World) BW Recycling for a Greener Tomorrow Awards 2022 in the category of ‘Best in Recycling or Material Recovery Facility of the Year’. Vedanta produces more than half of India’s aluminium at 1.97 million metric tonnes, at its smelters in Jharsuguda (Odisha) and BALCO (Chhattisgarh). However, around 1.5% of the total quantity is lost in the form of aluminium dross, a by-product that contains recoverable aluminium, aluminium nitrides and oxides, spinel, magnesium silicate, gupeiite, and sodium titanate. Runaya Refining, through its technological tie-up with TAHA International S.A., is not only able to enhance...
Even amidst the downfall in China’s aluminium imports in December 2021, snapping three monthly gains, the country’s total imports throughout the year stood strong enough to mark record shipments in 2021. China, the world’s biggest aluminium producer and consumer, imported 3.2 million tonnes of unwrought aluminium and products in 2021, a record high and up by 18.52 per cent from 2.7 million tonnes in 2020. In December 2021, China imported 243,729 tonnes of unwrought aluminium and products, found the General Administration of Customs. The import volume was 39 per cent less than 397,915 tonnes in November and 8.2 lower than a year ago. China, despite being a net exporter of aluminium, has been importing increasing amount of the metal as higher prices of domestic aluminium versus overseas...
Eurometaux, a trade organisation, has called EU policymakers to enable member states to use state assistance to boost local producers of aluminium, zinc, and silicon, which are critical for the transition to low-carbon energy. The European Union has set a goal of cutting net greenhouse gas emissions by 55 percent by 2030, as a step toward "net zero" by 2050, with plans that include electric vehicles that require aluminium and renewable energy that requires zinc and silicon. Because of high electricity costs and tight supplies, more than half of the EU's aluminium and zinc smelters have decreased output or closed temporarily, while silicon production has been slashed. Electricity's portion of manufacturing expenses for aluminium, silicon, and zinc was between 30% and 40% even before the...
Hindalco Industries Limited has further increased its aluminium ingot and aluminium products prices over the last two days ending January 18, 2022. The company has raised its aluminium ingot price by INR 3,250 per tonne or 1.28 per cent to INR 257,000 per tonne. On Saturday, January 15, Hindalco’s aluminium ingot price stood at INR 253,750 per tonne after being grown by INR 2,000 per tonne. Among aluminium products prices, Hindalco’s aluminium wire rod price has come in at INR 268,100 per tonne on January 18, up by INR 3,250 per tonne from INR 264,850 per tonne on January 15. The company’s aluminium billets price has also seen a hike of INR 3,250 per tonne from INR 267,850 per tonne on January 15 to INR 271,000 per tonne on January 18. Hindalco links its aluminium ingot and aluminium...
The Workers' Compensation Board of British Columbia, operating as WorkSafeBC, is a statutory agency that came into existence in 1917 has delivered the global mining and metal giant Rio Tinto a $678,889 fine, following the metal company was persistently alerted of a hazardous violation caused by air contaminants. On 16 th December 2021, the fine was imposed following a WorkSafeBC inspection of a building 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. WorkSafeBC stated “We had issued previous orders regarding the control of harmful airborne dust and accumulations. Rio...
On Tuesday, January 18, the benchmark aluminium price has gone down by US$3 per tonne or by 0.90% to close at US$3,328 per tonne. The most-traded SHFE 2202 aluminium closed down 0.49% or RMB 105 per tonne to RMB 21125 per tonne, with open interest down 10276 lots to 144673 lots. During the night session, the most-traded SHFE aluminium contract opened at RMB 21.060 per tonne, with the highest and lowest prices at RMB 21,185 per tonne and RMB 21,015 per tonne before closing at RMB 21,075 per tonne, up RMB 5 per tonne or 0.02%. LME aluminium price LME aluminium opened at US$2,986 per tonne last night and closed at US$3,000 per tonne, an increase of US$13 per tonne or 0.44%. On Monday, January 17, LME aluminium cash (bid) price climbed up by US$31 per tonne or by 1.04% to stand at US$3,008...
