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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Taishet Aluminium Smelter (TaAZ), RUSAL's first phase of what it claims is the world's most modern low-carbon aluminium manufacturing plant, opened in Siberia. The state-of-the-art smelter claims to be one of the cleanest in the world, since it runs on clean energy from Siberian hydroelectric power plants, and has a low environmental effect thanks to advanced gas cleaning technology and a closed water circulation system. CO2 emissions from the entire project will be among the lowest in the industry. Verifications and testing for the pre-operation phase will begin today. TaAZ is RUSAL's third low-carbon aluminium smelter, with a total cost of more than $1.69 billion and over 1,000 local jobs. The smelter is planned to produce 428.5 thousand tonnes of low-carbon aluminium per year in its...
In December (31 calendar days) 2021, China produced 3.18 million tonnes of aluminium, which was 3.17 per cent less than a year ago but 3.58 per cent more than 3.07 million tonnes in November 2021, found the Shanghai Metals Market data. The daily average output was 102,400 tonnes, up 100 tonnes per day month-on-month. The improvement in aluminium production in December could be a result of the rise in operating capacity. Some aluminium smelters in Inner Mongolia, Yunnan, and Shanxi increased their output, resuming the production of a total capacity of around 240,000 tonnes. In the entire year of 2021, China’s aluminium production was reported at 38.49 million tonnes, up 3.7 per cent year-on-year. According to the Shanghai Metals Market, liquid aluminium accounted for 65.5 per cent of the...
The liberal, federalist political party in Scotland, Scottish Liberal Democrats asserted that Sanjeev Gupta’s GFG Alliance has comprehended 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. Willie Rennie, the party’s spokesman for the economy said, “Sanjeev Gupta's collection of businesses in the energy, steel and trading paid £330m in 2016 for the aluminium smelter and hydro-electric plant in Fort William.” “They are currently valued at £438m - making the businessman a gain of £108m - with very little investment or effort from the company.” The Scottish Government also backed GFG Alliance’s acquisition of the aluminium smelter with a guarantee nominally valued at £586m. “GFG Alliance...
According to the recent data shown by the US Geological Survey, domestic primary aluminium production in the country in October 2021 was 76,000 tonnes. That was an increase of 4,000 tonnes or 5.55 per cent from 72,000 tonnes in September 2021 and a marginal rise of 1,000 tonnes from 75,000 tonnes in October 2020. The average daily production was 2,460 tonnes, up by 2.93 per cent M-o-M from 2,390 tonnes and 1.23 per cent more year-on-year from 2,430 tonnes. Total aluminium recovered from scrap in October 2021 was 269,000 tonnes, less by 3,000 tonnes or 1.1 per cent from 272,000 tonnes a month ago. On a year-on-year calculation, the recovered aluminium in October was down by 2.89 per cent from 277,000 tonnes. Of the total aluminium recovered, 141,000 tonnes were from new scrap and 128,000...
LME aluminium opened at US$2,930 per tonne last Friday and closed at US$2,922.50 per tonne, down by US$7.50 per tonne or 0.26 per cent. On Friday, January 7, LME aluminium cash (bid) price and LME aluminium official settlement price grew by US$7 per tonne to settle at US$2,919 per tonne and US$2,919.50 per tonne. 3-month bid price and 3-month offer price closed at US$2,930 per tonne and US$2,9232 per tonne, up by US$7.50 per tonne and US$8.50 per tonne, respectively, from the previous day. December 22 bid price and December 22 offer price totalled at US$2,682 per tonne and US$2,687 per tonne. LME aluminium opening stock was recorded at 916875 tonnes. Live warrants increased to 536175 tonnes and Cancelled Warrants hiked to 380700 tonnes. LME aluminium 3-month Asian Reference Price remained...
The middle-eastern nation on the Mediterranean Sea, Israel surfaced importation of aluminium from Bahrain, as reported by Manama’s local print media on 9 th January, mentioning it over an interview with Eitan Na'eh, the present Israeli ambassador to Bahrain. In 2021, Eitan Na'eh was appointed as Israel's first ambassador to Bahrain, this emerged a year after the two countries agreed to harmonize relations. However, Aluminium Bahrain (ALBA) is the first aluminium smelter in the Middle-East region, started its commercial operations back in 1971. The diplomat did not spell out the volume or the value of Israel's aluminium imports from Bahrain. According to Na'eh, Israel's national airline El Al should commence flights to Manama soon, while Bahrain's Gulf Air in September 2021announced the...
The global primary aluminium industry is spotted with much important news this week, such as Montenegro Uniprom in the Balkan nation has closed down the country’s exclusive aluminium smelter KAP, following its failure to agree on a new electricity price with power company EPCG. Veselin Pejovic, the CEO and Founder of Uniprom Group, held liable EPCG for being responsible for this extreme decision, while on the other hand, EPCG urged Pejovic to sit for another round of discussions to find a solution. To know more: https://www.alcircle.com/news/failed-to-reach-an-energy-agreement-montenegros-sole-aluminium-smelter-kap-shuts-down-74277 Sridhar Patra, the chairman and managing director of NALCO, has pointed out this week that the supply-demand mismatch in the aluminium market is expected to...
The London Metal Exchange opened this week on Tuesday, January 4, with LME aluminium cash (bid) price and LME aluminium official settlement price surge by US$9.50 per tonne to US$2,815 per tonne and US$2,815.50 per tonne, respectively. On January 5, the same prices soared by US$50.50 per tonne or 1.8 per cent to close at US$2,865.50 per tonne and US$2,866 per tonne. Continuing the price hike as operations at many smelters are cut, LME aluminium cash (bid) price and LME aluminium official settlement reached US$2,912 per tonne and USS$2,912.50 per tonne, up by US$46.50 per tonne from the previous day. The prices grew further on Friday, January 7, to close the week at US$2,919 per tonne and US$2,919.50 per tonne. 3-month bid price and 3-month offer price started the week on January 4 at US$...
In reaction to rising power rates, a large aluminium smelter in northern France will cut production by 15%, according to a representative for the plant. According to a spokesperson, Dunkirk aluminium smelter, which has an annual capacity of roughly 285,000 tonnes, has already reduced output by 10% and will reduce it by 5% again in the upcoming week, according to a spokesperson. Dunkirk is one of several European aluminium facilities that have reduced output since last month as a result of high power costs that have harmed the energy-intensive industry's profitability. A spokesperson for the company declined to comment on the possibility of further production reduction. If power rates do not fall, a CGT union leader at the plant, Laurent Geeraert, warned local radio station Delta FM that...
South32, a diversified mining firm, is exploring solutions for securing green power at the Hillside Aluminium smelter in the Kwazulu-Natal (KZN) area of South Africa. Given the introduction of carbon border taxes and end-user demand for green aluminium, if South32 is unable to secure an inexpensive supply of low-carbon power for Hillside, this vital KZN business risks becoming uncompetitive in the international market over time. South32 has begun just transition planning to support options for the smelter if its energy transition is not economically successful and the smelting becomes uncompetitive, due to the smelter's enormous economic and social relevance. Around 30% of Hillside's sales are to South African consumers, supporting local downstream industries and employment. Hillside has...
Romania’s one of the biggest vertically integrated aluminium producers, Alro has notified Transelectrica, the nation’s electricity transmission system operator in regards to the curbing of the proposed electricity consumption, as the metal company is supposed to shut down some of the electrolysis units where aluminium is produced. The rising prices of electricity have forced driven to plan the largest industrial energy consumer of Romania to curtail its aluminium production by 60% in 2022. Alro reported its request between 1 st January and 31 st January 2022 to restrain the power requested from the national grid by 50 MW. However, between 1 st February and 8 th February, the depletion will be 160 MW, while from 9 th February to the end of 2022, the aluminium producer entails 195 MW under...
The energy and carbon impact of aluminium manufacturing in North America has decreased to its lowest point in history, says a new third-party critical-reviewed life cycle assessment (LCA) study. Primary aluminium manufacturing has reduced its carbon footprint by 49% since 1991, while recycled aluminium production has reduced its carbon impact by 60%. The energy required to create primary and recycled (or secondary) aluminium has decreased by 27% and 49%, respectively, during the same time span. The carbon footprint of aluminium production (including primary and secondary) decreased by 5 to 21% between 2010 and 2016. Aluminium produced in North America, which depends mainly on renewable hydropower, is among the cleanest in the world, according to the analysis. The Environmental Footprint...
On Friday, January 7, the benchmark aluminium price for SHFE hiked by US$38 per tonne or by 1.17% to peg at US$3,278 per tonne. The most-traded SHFE 2202 aluminium closed up 1.97% or RMB 400 per tonne to RMB 20685 per tonne, with open interest up 9391 lots to 213019 lots. Overnight, the most-traded SHFE 2202 aluminium contract opened at RMB 20,805 per tonne, with the highest and lowest prices at RMB 20,920 per tonne and RMB 20,685 per tonne before closing at RMB 20,860 per tonne, up RMB 175 per tonne or 0.85%. LME aluminium price LME aluminium opened at US$2,906 per tonne on Thursday and closed at US$2,930 per tonne, an increase of US$18 per tonne or 0.62%. On Thursday, January 6, LME aluminium cash (bid) price surged by US$46.5 per tonne or by 1.62% to close at US$2,912 per tonne. LME...
National Aluminium Company Limited (NALCO) has significantly increased its aluminium ingot and aluminium products prices with effect from Friday, January 7, following a cut on January 1. The hike is in line with the LME aluminium benchmark price rise by US$50.50 per tonne on January 5. NALCO’s aluminium ingot price has seen a surge of INR 9,100 per tonne to stand at INR 247,450- 250,950 per tonne as of January 7. On January 1, the metal price ranged between INR 238,350–241,850 per tonne after a cut of INR 4,200 per tonne. NALCO’s aluminium wire rod price has come in at INR 249,950- 254,300 per tonne on January 7, also up by INR 9,100 per tonne from INR 240,850-245,200 per tonne on January 1. Aluminium billets price is currently hovering around INR 250,900- 253,550 per tonne, compared to...
The environment around North Korea's only aluminium smelting and alloying industry, the Bukchang Aluminum Factory, is fast degrading. Toxins are being discharged straight into the air since the factory's dust scrubbers are allegedly no longer operating as the facilities degrade. On Wednesday, December 5, a daily NK source stated that the dust from the Bukchang Aluminum Factory lead to the recent surge in respiratory sickness and dermatitis in the nearby regions. People are unable to open their windows because the ashy dust enters their houses, and dust collects inside no matter how often they clean. Apart from the surrounding region, the dust from the Bukchang Aluminum Facility also moved to the urbanised areas with multiple offices, shops, schools, and houses, affecting local...
According to the Shanghai Metals Market, A00 aluminium ingot price in China has continued to hike for the third day in a row to exceed RMB 21,000 per tonne. Data shows the price has surged by RMB 300 per tonne on Friday, January 7, to close the week at RMB 21,040 per tonne. The average prices are expected to range between RMB 21,020 per tonne and RMB 21,060 per tonne, with spot contract to be traded at a premium price of RMB 50-90 per tonne, up by RMB 30 per tonne from the previous day. In Gongyi, A00 aluminium ingot price has jumped by RMB 310 per tonne to stand at RMB 20,940 per tonne, followed by the surge of RMB 290 per tonne in Wuxi to RMB 21,030 per tonne, found SMM. In Tianjin, the primary aluminium ingot price has climbed by RMB 280 per tonne to RMB 21,020 per tonne, while the...
The proactive National Apex Chamber working at the grass-root level and with strong national and international linkages, PHD Chamber of Commerce and Industry (PHDCCI) has urged govt. of India to brush up on the cost structure of the Indian aluminium industry and boost competitiveness in the upcoming Union Budget 2022. However, Nirmala Sitharaman, the Finance Minister of India is scheduled to present the Budget 2022-23 by the next month. PHDCCI, the chamber that acts as a catalyst in the promotion of industry, trade and entrepreneurship has recommended in its pre-Budget memorandum to reduce 2.5% of the basic customs duty on the critical raw materials like - Calcined Petroleum Coke, Raw Petroleum Coke, Caustic Soda Lye, Aluminium Fluoride and Green Anode/ Pre-Baked Carbon Anode. The PHD...
With its joint venture partner, Alcoa Corporation, South32 (S32) plans to reactivate the Alumar aluminium smelter (Brazil Aluminium). The first production is scheduled for the June 2022 quarter, with a maximum capacity of 447,000 tonnes per annum from its three potlines projected in the March 2023 quarter. South32 forecasts its aluminium production to expand by 16% to 1.26 million tonnes per year once it is fully operational. South32 has announced that it plans to invest roughly US$70 million (A$97 million) in FY22 and FY23 to assist the resumption of Brazil Aluminium, which has been on care and maintenance since 2015. South32 has also stated that its 40% stake in Brazil Aluminium would be entirely powered by cost-effective renewable energy. CEO Grahan Kerr is looking forward to resuming...
