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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On Friday, September 30, LME aluminium cash bid price and LME aluminium official settlement price plunged by US$81 per tonne, following an outstanding surge on the previous day. While LME aluminium cash bid price came in at US$2,179.50 per tonne, LME aluminium official settlement price stood at US$2,180 per tonne. 3-month bid price and 3-month offer price totalled US$2,195 per tonne and US$2,197 per tonne, down by US$178 per tonne and US$181 per tonne, respectively. December 23 bid price and December 23 offer price lost 3.37 per cent and 3.36 per cent to rest at US$2,293 per tonne and US$2,298 per tonne. LME aluminium opening stock declined 1,925 tonnes to stand at 332175 tonnes. Live warrants and Cancelled warrants for the same day were recorded at 261300 tonnes and 70875 tonnes. LME...
The global primary aluminium segment witnessed a lot of events. To begin with, on Thursday, September 29, the global aluminium benchmark price saw a dramatic expansion of US$181 per tonne due to the ban on Russian supplies by the London Metal Exchange. As a result of traders' worries about supply shortages following the London Metal Exchange's declaration that it was considering blocking new Russian metals from accessing the market, the price of nickel and aluminium rose dramatically on Thursday. On the other hand, the Norwegian aluminium smelter had to partially cut its aluminium output at Hydro Karmøy and Hydro Husnes due to declining demand for aluminium billets in Europe owing to the unfavourable economic climate in Europe and rising energy expenses. On the other hand, Tomago...
On 29 th September 2022, the Slovenian aluminium producer Talum, also one of the leading energy-consuming industries in the country, declared that the company had decided to reduce its primary aluminium production w.e.f 1 st October 2022 due to the energy crisis. Europe is facing a massive energy crisis following the Ukraine-Russia geopolitical, and already the aluminium producers in Europe have scaled down their productions, while a few closed down completely. Aluminium production is a high-energy-intensive process, constituting around 40% of the production cost. The Kidričevo located Talum has been producing aluminium for more than 60 years and belongs to the category of top-notch producers. Talum, as the contemporary production company, belongs to a narrow range of the most efficient...
National Aluminium Company has axed its aluminium ingot and aluminium products prices, with effect from September 27, following a cut of INR 2,500 per tonne ten days ago. NALCO’s aluminium ingot price has seen a slash of INR 7,300 per tonne to come in at INR 203,450-206,950 per tonne versus INR 210,750-214250 per tonne on September 17. NALCO’s aluminium wire rod price has also been reduced by INR 7,300 per tonne, effective from September 27, to stand at INR 206,950- 211,300 per tonne compared to INR 214,250-218,600 per tonne. Aluminium billets price is no exception but experienced a similar downfall to range between 207,900- 210,550 per tonne as of September 27. NALCO has further reduced its aluminium prices, in line with the sharp fall of the three-month futures of aluminium on the...
LME aluminium opened at US$2,134 per tonne on Thursday and closed at US$2,232 per tonne, an increase of US$97 per tonne or 4.54 per cent. Following the London Metal Exchange's announcement that it was contemplating preventing new Russian metals from entering the market, traders became concerned about supply constraints, which led to a dramatic increase in the price of aluminium and nickel on Thursday. On Thursday, September 29, both LME aluminium cash bid price and LME aluminium official settlement price skyrocketed by US$181.5 per tonne or 8.73 per cent and US$181 per tonne or 8.70 per cent to record at US$2,260.50 per tonne and US$2,261 per tonne. 3-month bid price and 3-month offer price heightened by US$169 per tonne or 8.03 per cent and US$170 per tonne or 8.08 per cent to reside at...
According to the International Aluminium Institute, primary aluminium production in Russia & Eastern Europe stood at 350,000 tonnes of primary aluminium in August 2022, reflecting a monthly and yearly restraint. In the first eight months of the year, primary aluminium production in Russia & Eastern Europe totalled 2.729 million tonnes, down by 1.03 per cent from 2.757 million tonnes during the same period last year. In Western & Central Europe, primary aluminium production during August’22 amounted to 250,000 tonnes, seeing a loss of 1,000 tonnes month-on-month from 251,000 tonnes. The output in July saw an increase of 8,000 tonnes from 243,000 tonnes in May. On a year-on-year calculation, Western & Central Europe’s primary aluminium output in August’22 stood 29,000 tonnes or 10.40 per...
A00 aluminium ingot price has augmented by RMB 200 per tonne to close at RMB 18,340 per tonne, as the Shanghai Metals Market recorded on Friday, September 30. The average prices are expected to range between RMB 18,320 per tonne and RMB 18,360 per tonne, with spot contracts trading at discount prices of RMB 60 per tonne and RMB 20 per tonne. The provinces in China have witnessed increasing prices today, with the A00 aluminium ingot price rising the highest in Gongyi by RMB 240 per tonne to RMB 18,380 per tonne. Most of the other provinces in China marked an RMB 200 per tonne escalation. Like in Foshan and Shenyang the aluminium prices stood at RMB 18,360 per tonne, in Wuxi it rose to RMB 18,330 per tonne, in Hangzhou the aluminium price shifted upwards to RMB 18,370 per tonne and in...
Vedanta Limited has further decreased its aluminium ingot and aluminium products prices, effective from Wednesday September 28, after the previous cut on September 24. The company’s aluminium ingot price has witnessed a decline of INR 3,000 per tonne to INR 199,750- 229,250 per tonne versus INR 202,750-232,250 per tonne on September 24. Vedanta’s aluminium wire rod price has also been reduced to INR 207,250- 212,750 per tonne, with effect from September 28, from INR 210,250- 217,750 per tonne on September 24. Aluminium billets price has come in at INR 208,750 per tonne as against INR 211,750 per tonne. Vedanta links its aluminium prices to the three-month futures of aluminium on the London Metal Exchange, which continued to decline since September 23. After three consecutive days of fall...
In response to rising energy prices, Europe's aluminium plants started shutting down, while Russia and China increased imports. The Iberian gas price cap, supported by the EU, is allegedly causing unfair competition, according to representatives of the French aluminium industry, who are also seeking anti-dumping actions against Spain. The agreement is temporary and will take effect until May 31, 2023. With the European Commission, Spain and Portugal agreed to exclude the Iberian Peninsula from the EU's power market regulations in the spring. The deal established a temporary mechanism limiting the gas price to an average of €50 per megawatt-hour until the end of May, slashing power prices for many Spanish and Portuguese consumers in half. The EU executive approved the measures, stating...
Vedanta Aluminium, India’s largest and one of the world’s leading producers of aluminium, has reportedly won the title Made in India aluminium at ALUMINIUM 2022 in Düsseldorf, Germany. To express gratitude, Rahul Sharma, CEO of Vedanta Aluminium, said: “As India’s largest producer of aluminium, it is a matter of pride for us to showcase our manufacturing expertise and product portfolio ‘made in India for the world’. The forthcoming decades will see aluminium become the most-consumed metal in the world, given its ubiquity in current and potential clean technologies. We, at Vedanta Aluminium, are on a relentless mission to deliver sustained growth for our customers, customers and country through aluminium, the metal of the future. This will see us leverage the full potential of our assets,...
LME aluminium opened at US$2,109 per tonne on Wednesday and closed at US$2,135 per tonne, an increase of US$33 per tonne or 1.57 per cent. LME aluminium cash bid price has decreased by US$26.50 per tonne or 1.26 per cent to settle at US$2,079 per tonne, and LME aluminium official settlement price has dipped by US$26 per tonne or 1.23 per cent to rest at US$2,080 per tonne on Wednesday, September 28. 3-month bid price has dropped by 1.22 per cent or US$26 per tonne to stand at US$2,102 per tonne, while the 3-month offer price has witnessed a US$27 per tonne or 1.27 per cent loss, closing at US$2,103 per tonne. December 23 bid price and December 23 offer price both plunged down by 0.76 per cent or US$17 per tonne, stopping at US$2,213 per tonne and US$2,218 per tonne, respectively. LME...
Norsk Hydro has appointed Trond Olaf Christophersen, Executive Vice President for Corporate Development. As a member of the Corporate Management Board, Christophersen will report to President and CEO Hilde Merete Aasheim. Helena Nonka, who has decided to pursue opportunities outside Hydro, will be replaced by him on November 1. In the past, Christophersen held the position of Senior Vice President and Head of Recycling in Aluminium Metal. He has extensive experience in various roles within Hydro since joining the company in 1997. The roles include senior commercial leadership from Hydro Energy, Hydro Aluminium Metal, and several commercials, business development, and project roles from Hydro's previous oil and gas activities. His academic background includes a Master of Science from the...
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices for the second time in a row, effective from Wednesday, September 28. The last cut the company’s ingot and products prices saw was on September 24 by INR 3,250 per tonne. On September 28, Hindalco has cut its aluminium ingot price by INR 3,000 per tonne to INR 197,500 per tonne versus INR 200,500 per tonne on the previous day. Hindalco’s aluminium wire rod price has also been reduced by INR 3,000 per tonne from INR 211,600 per tonne on September 24 to INR 208,600 per tonne on September 28. Aluminium billets price is no exception but seen a cut of the same amount to stand at INR 211,600 per tonne on September 28, compared to INR 214,600 per tonne on September 24. Hindalco Industries links its...
Falling demand for aluminium billets in Europe due to the adverse European economic condition and rising energy prices has caused the Norwegian aluminium smelter to partially reduce its aluminium production in Hydro Karmøy and Hydro Husnes. The choice will result in a reduction in annual primary aluminium production capacity of 110,000–130,000 tonnes, including recently halted output for routine maintenance that has not yet been resumed. Once the curtailment is fully implemented, there will be a reduction in power use of somewhere between 170-200 MW overall. Eivind Kallevik, Executive Vice President and Head of Hydro Aluminium Metal stated, “The extraordinary situation in the European economy and energy market is causing market uncertainty and a decline in demand for our aluminium...
LME aluminium opened at US$2,136 per tonne on Tuesday and closed at US$2,102 per tonne, down US$32 per tonne or 1.5 per cent. On Tuesday, September 27, both LME aluminium cash bid price and LME aluminium official settlement price slipped by US$19.5 per tonne or 0.91 per cent to settle at US$2,105.50 per tonne and US$2,106 per tonne. 3-month bid price and 3-month offer price went down by US$17 per tonne or 0.79 per cent and US$15.5 per tonne or 0.72 per cent to record at US$2,128 per tonne and US$2,130 per tonne. December 23 bid price and December 23 offer price shrunk by US$13 per tonne or 0.57 per cent to rest at US$2,230 per tonne or 2,235 per tonne. LME aluminium opening stock came in at 337425 tonnes. Live warrants and Cancelled warrants halted at 273250 tonnes and 64175 tonnes. On...
In today's world of more work and less time, mobile applications dominate the market and have revolutionised access to internet services. Whether for business transactions, news reading, or online shopping, the app-centric approach has given a new consumption pattern while rendering a competitive edge to the market. In this scenario, AlCircleBiz has also decided to expand its presence from the web to the app, aiming at bringing the world's first global aluminium marketplace to your fingertips. So, with unparalleled delight, the team announces the launch of the app, which will enable you to steer your business even on the go as a user. The app contains impressive features that not only connect businesses faster but allow users to build a direct and personalised market channel and get...
Stena Line, the largest freight route network connecting all the major ports and trade ways of Northern Europe, has bagged the winning bid to take over the 213-acre Eco Parks' former Anglesey Aluminium site in Holyhead, North Wales. Stena Line, for the past 27 years, has held and operated the Holyhead port. The organisation seemed confident that this move would be beneficial for the company's operations in the area and beyond. This new site will provide supplementary land and services to the already registered customers. The executive director of Stena Line, Ian Hampton, quoted: "This purchase is a significant investment for us and forms an important part of our long-term strategy for the future of Holyhead Port." "Our plans for the site have the potential to be a significant boost for...
According to the Shanghai Metals Market, social inventories of primary aluminium across China’s eight major consumption areas, including SHFE warrants, decreased by 14,000 tonnes over the weekend to a total 652,000 tonnes. On a week-on-week basis, the inventories plunged by 33,000 tonnes on Monday, September 26, to come at a year-to-date low. As per the SMM data, Wuxi, Nanhai, and Gongyi contributed 90 per cent to the new low this year. The weekly shipments out of warehouses in Wuxi added 14,000 tonnes last week, while arrivals from Xinjiang declined, allowing local inventories to drop sharply. The chart below indicates the current status of primary aluminium inventories across China in more details: In Wuxi, primary aluminium inventories declined by 8,000 tonnes over the weekend and...
