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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China's annual aluminium output increased by 4.8% from the previous year to a new high of 38.5 million tonnes in 2021, according to government statistics released on Monday, despite energy consumption restrictions set last year to fulfil climate targets. The National Bureau of Statistics (NBS) reported that primary aluminium output in December was 3.11 million tonnes, up marginally from 3.10 million tonnes in November but down 4% year on year. According to Reuters' calculations, December output was about 100,300 tonnes per day, down from roughly 103,300 tonnes in November - the lowest daily pace since July 2020. "In 2021, we had a strong first half, but the energy shortages and coal problems handicapped the growth. We expect minimal increase in production (in 2022) due to similar reasons....
India’s iconic Aluminium producer, Bharat Aluminium Company Limited (BALCO) apart from setting new benchmarks in the field of production, productivity, research and development, quality and others have also served the society with optimism through its various flagship projects. The momentous contributions of BALCO through its 56 years long developmental journey has led to the development of state and country at large, thus, supporting India in its journey of becoming ‘self-reliant’. Balco’s march towards the contribution of nation development continued with the business operations by adhering to COVID safety protocols during the testing times of the pandemic. Though the organization was also affected by the COVID induced worldwide economic disruptions but the resilience of the aluminium...
LME aluminium opened at US$2,977 per tonne last Friday and closed at US$2,987 per tonne, an increase of US$9.50 per tonne or 0.32 per cent. On Friday, January 14, LME aluminium cash (bid) price closed at US$2,977 per tonne. LME aluminium official settlement price, on the other hand, settled at US$2,977.50 per tonne, following a decline of US$43 per tonne on the previous day to US$2,960 per tonne. 3-month bid price and 3-month offer price on Friday settled at US$2,978 per tonne and US$2,980 per tonne, respectively. December 22 bid price and December 22 offer price totalled at US$2,745 per tonne and US$2,750 per tonne. LME aluminium opening stock registered at 891550 tonnes. Live warrants and Cancelled warrants stood at 500550 tonnes and 391000 tonnes. LME aluminium 3-month Asian Reference...
On 14 th January 2022, a spokesperson from Europe’s largest aluminium smelter, Aluminium Dunkerque in France stated that the company is not scheduling to regulate further production following the contemporary curbs, as it anticipates for government subsidy on energy prices to enforce. The smelter has curtailed its aluminium production by 15%, allying several other aluminium facilities in Europe is diminishing production, a counter towards towering energy prices that have dented margins for the energy-intensive aluminium industry. The spokesperson also added that no fresh curbs were chalked out. Meanwhile, the aluminium smelter right now will not resume the idled production units given that the French Govt. relief is due to be implemented from April 2022. On 13 th January 2022, the...
Some of the important news spotted in the global primary aluminium industry this week included the valuation of Lochaber aluminium smelter scaled up by £100 million, which was acquired from Rio Tinto Alcan and a very small amount was further invested. The news came on Monday, January 10, after the liberal, federalist political party in Scotland, Scottish Liberal Democrats asserted that Sanjeev Gupta’s GFG Alliance comprehended the valuation. To know more: https://www.alcircle.com/news/lochaber-aluminium-smelters-valuation-scales-up-by-100-million-while-gfg-alliance-investment-remains-little-scottish-liberal-democrats-74343 According to another report, Tomago Aluminium is compelled to prepare numerous backup plans for the supply of crucial materials to keep the country's largest aluminium...
National Aluminium Company Limited (NALCO) continued to increase its aluminium ingot and aluminium products prices for the second time in a row, with effect from Friday, January 14. The company’s aluminium ingot price saw a rise of INR 2,100 per tonne to a range between INR 249,550- 253,050 per tonne. A week ago, on January 7, NALCO’s aluminium ingot price was raised by INR 9,100 per tonne to stand at INR 247,450- 250,950 per tonne. On January 14, NALCO’s aluminium wire rod price came in at INR 252,050- 256,400 per tonne, up by INR 2,1000 per tonne as well from INR 249,950- 254,300 on January 7. The company’s aluminium billets price also grew by INR 2,100 per tonne over the week from INR 250,900- 253,550 per tonne to INR 253,000- 255,650 per tonne. NALCO links its aluminium ingot and...
On Friday, January 14, the benchmark aluminium price slipped by US$44 per tonne or by 1.30% to close at US$3,339 per tonne. The most-traded SHFE 2202 aluminium closed down 1.27% or RMB 275 per tonne to RMB 21,375 per tonne, with open interest down 11765 lots to 172829 lots. Overnight, the most-traded SHFE 2202 aluminium contract opened at RMB 21,515 per tonne, with the highest at RMB 21,535 per tonne before closing at RMB 21,305 per tonne, down RMB 280 per tonne or 1.3%. LME aluminium price LME aluminium opened at US$2,950.5 per tonne on Thursday and closed at US$2,958 per tonne, an increase of US$13 per tonne or 0.44%. On Wednesday, January 12, both LME aluminium cash (bid) price and LME aluminium official settlement price moved up by US$54 per tonne and US$53 per tonne, to stand in at...
Renewable energy, which is commonly referred to as clean energy, as it is derived from natural sources or processes that are continuously replenished, for instance, sunlight keeps shining and the wind keeps blowing, even though their obtainability banks on time and weather. The biggest aluminium producer and VAP maker of India, Vedanta’s Aluminium business has ranked as the largest industrial consumer of renewable energy (RE) in 2021, leading renewable energy procurement on India’s power exchanges – Indian Energy Exchange (IEX) and Power Exchange India Limited (PXIL). The Indian commodity tycoon, Anil Agarwal led Vedanta Aluminium procured about 2 billion units of RE power in the year 2021 for consumption at its aluminium smelter in Jharsuguda, Odisha. Consequently, it contracted GHG...
According to the Shanghai Metals Market, social inventories of primary aluminium in China have continued to decrease by 52,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Further plunge has brought the inventories to 724,000 tonnes as of Thursday, January 13, mainly contributed by Shanghai, Wuxi, Nanhai, Hangzhou, and Gongyi. Last week, on January 6, China’s primary aluminium inventories shrank by 23,000 tonnes to come in at 776,000 tonnes. The chart below indicates the current status of primary aluminium inventories across China in more details: In Wuxi, primary aluminium inventories have plunged by 33,000 tonnes on week to stand at 242,000 tonnes as of January 13, followed by the decline of 8,000 tonnes in Gongyi to come in at 67,000 tonnes. In...
Due to persistent shortages, Tomago Aluminium is compelled to prepare numerous backup plans for the supply of crucial materials to keep the country's largest aluminium smelter operational. CEO Matt Howell anticipates the shortages to last for a long time. “Anything that comes by a container is being delayed,” said Mr Howell about the supply chain issues that are delaying supplies of boots, apparel, chemicals, and other specialty raw materials and components to the NSW factory “We’ve got an amazing procurement team that has really looked forward for months, to like, if this particular supply line no longer works, where do we get it? What’s our plan A, what’s our plan B, what’s our plan C? So we haven’t run out of anything. That’s purely as a result of the fantastic work that our...
As the year 2021 ends, AlCircle brings its latest report - Aluminium Industry Recap 2021, summarising the important changes throughout the year. The report highlights the major inventions, expansions, growth, investments, and other important legislative changes that reshaped the global aluminium sector value chain 2021. All the events mentioned in the recap are analysed analytically to ensure the readers with a critical comprehension of all the movements that had taken place in the aluminium value chain in the said year. Overall, 2021 was a year of recovery from the devastation caused by the COVID-19 pandemic of 2020. To begin with, according to the International Aluminium Institute, the world primary aluminium production amounted to 61.792 million tonnes during January-November 2021,...
Hindalco Industries Limited has further hiked its aluminium ingot and aluminium products prices in line with the LME aluminium benchmark price surge yet again above US$3,000 per tonne. With effect from Thursday, January 13, Hindalco has increased the aluminium ingot price by INR 4,250 per tonne to INR 255,250 per tonne. On Wednesday, January 12, the company’s aluminium ingot price stood at INR 251,000 per tonne seeing a rise of INR 1,500 per tonne. The latest hike has brought the company’s aluminium wire rod price to INR 266,350 per tonne on January 13, compared to INR 262,100 per tonne on January 12. Hindalco’s aluminium billets selling price is hovering around INR 269,350 per tonne as of January 13, up by INR 4,250 per tonne from INR 265,100 per tonne on January 12. Hindalco links its...
The Indian state-owned National Aluminium Company Limited (NALCO) has attained so far another landmark in aluminium smelting. The integrated aluminium company has gainfully put into operation all the 960 potlines at its existing aluminium smelter located at Angul, Odisha. On 12 th January 2022, the CMD of Nalco, Sridhar Patra officially functionalized the 960 th pot by virtually switching from the NALCO Corporate Office, Bhubaneswar, Odisha. Nalco in its long journey of 41 years eventually achieved operation of 100% pots in aluminium smelter for the first time in history. The CMD congratulated the Nalco team for making dynamic efforts in hard times for dream realization and missioning it a breakthrough moment. He applauded all the stakeholders for their support which has fuelled Nalco to...
LME aluminium opened at US$2,976 per tonne on Wednesday and closed at US$2,945 per tonne, a decrease of US$38 per tonne or 1.27 per cent. On Wednesday, January 12, both LME aluminium cash (bid) price and LME aluminium official settlement price yet again crossed US$3,000 per tonne by gaining US$54 per tonne and US$53 per tonne, respectively. While the former stood at US$3,002 per tonne, the latter came in at US$3,003 per tonne. 3-month bid price and 3-month offer price also settled higher at US$3,012 per tonne and US$3,014 per tonne, respectively. December 22 bid price and December 22 offer price totalled at US$2,775 per tonne and US$2,780 per tonne. LME aluminium opening stock decreased to 898525 tonnes. Live warrants and Cancelled warrants closed at 512950 tonnes and 385575 tonnes. LME...
Aluminium prices are reaching new highs for European consumers as a result of rising energy costs and production cuts, which have worsened metal shortages in the power, building, and packaging industries. Consumers who buy aluminium on the physical market normally pay the London Metal Exchange's benchmark price — roughly $2,950 per tonne on Tuesday — plus a physical market premium that often covers transportation expenses and taxes. However, due to shortages, dealers and manufacturers with inventories may fetch a far higher premium, which has risen nearly 30% to a record $428.75 per tonne in Europe since the start of 2022. “With around 650,000 tonnes of capacity cut so far in Europe, we believe that another 900,000 tonnes of output is at risk of closing down fully or partially,” said...
Hindalco Industries Limited has continued to increase its aluminium ingot and aluminium products prices for the fourth time in a row, with effect from Wednesday, January 12. The company’s aluminium ingot price has witnessed an increase of INR 1,500 per tonne to INR 251,000 per tonne, compared to INR 249,500 per tonne on January 7. Hindalco’s aluminium wire rod price has also been grown by INR 1,500 per tonne on January 12 from INR 260,600 per tonne to INR 262,100 per tonne. With the latest hike, Hindalco’s aluminium billets price has come in at INR 265,100 per tonne from INR 263,600 per tonne. Hindalco links its aluminium prices to the three-month future of aluminium on the London Metal Exchange, which has been growing incessantly since the onset of January 2022. From January 7 to 11, the...
LME aluminium opened at US$2,953.5 per tonne on Tuesday and closed at US$2,983 per tonne, an increase of US$50 per tonne or 1.7%. On Tuesday, January 11, LME aluminium cash (bid) price hiked by US$26 per tonne or by 0.88% to peg at US$2,948 per tonne. On the other hand, LME aluminium official settlement price also showed a surge of US$27 or by 0.92% to register at US$2,950 per tonne, for the same day. 3-month bid price and 3-month offer price clocked at US$2,960 per tonne and US$2,962 per tonne. December 22 bid price and December 22 offer totalled at US$2,727 per tonne and US$2,732 per tonne. LME aluminium opening stock closed at 902850 tonnes. Live warrants and Cancelled warrants closed at 516425 tonnes and 386425 tonnes. LME aluminium 3-month Asian Reference Price came in at US$2,958.62...
LME aluminium opened at US$2,920 per tonne on Monday and closed at $2,933 per tonne, an increase of US$10.5 per tonne or 0.36 percent. On Monday, January 10, LME aluminium cash (bid) price inched up by US$3 per tonne or by 0.10% to settle at US$2,922 per tonne. On the other hand, LME aluminium official settlement price also increased by US$3.5 per tonne or by 0.11% to close at US$2,923 per tonne. 3-month bid price and 3-month offer price for the same was recorded at US$2,934 per tonne and US$2,934.50 per tonne. December 22 bid price and December 22 offer price was registered at US$2,693 per tonne and US$2,698 per tonne. LME aluminium opening stock pegged at 911500 tonnes. Live warrants and Cancelled warrants stood at 536175 tonnes and 375325 tonnes. LME aluminium 3-month Asian Reference...
