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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Aluminium Bahrain (Alba), the world's largest aluminium smelter ex-China, inaugurated its first concrete pour for the foundation of the Power Station 5 (PS5) Block 4 Project, kicking off the early work at the project's construction. The project is a part of Alba's ambitious decarbonisation initiative. It includes a combined cycle power plant with a hydrogen-ready J-series gas turbine technology which, upon completion in Q4 2024, will reduce Alba's overall GHG emissions. The inauguration was carried out by Shaikh Daij Bin Salman Bin Daij Al Khalifa, the Chairman of the Board of Directors of Alba. He was joined by Shaikh Isa bin Khalid bin Abdullah Al Khalifa, Ali Al Baqali, Amin Sultan, the Company Executives and Management Members, and officials from Mitsubishi Power & SEPCOIII...
China customs data found the country’s prebaked anode exports stood at 141,600 tonnes in August 2022, which reflected a downfall of 31.43 per cent month-on-month and an increase of 6.99 per cent year-on-year. Custom statistics showed the export price per unit of prebaked anode was $1,334.50 per tonne, up by 1.29 per cent month-on-month. The aggregated exports of prebaked anode from January to August of 2022 amounted to 1,365,400 tonnes, compared to 244,800 tonnes during the same period last year. The monthly downfall in China’s prebaked anode exports was primarily contributed by Malaysia, Norway, and the Russian Federation, as the exports to those countries declined significantly. To Malaysia, China’s prebaked anode exports fell by over 25,000 tonnes in August, and that to Norway...
The world's largest premium aluminium producer, Emirates Global Aluminium (EGA), has joined the UAE hydrogen leadership initiative program by signing an agreement with the Ministry of Energy and Infrastructure. Launched last year during Cop26 in Glasgow, the initiative seeks to achieve the country's ambition to be a global leader in low-carbon hydrogen as global demand for clean fuel surges. On 26th September 2022, the Company said, "As a member, EGA will explore collaboration opportunities across industries and conduct further research and development into the future uses of hydrogen in decarbonization." Moreover, hydrogen will be explored in the processes of aluminium production and its local supply chain from a technical and economic perspective. Abdulnasser bin Kalban, the CEO of EGA,...
On Tuesday, September 27, the A00 aluminium ingot price in China slumped by RMB 200 per tonne to settle at RMB 18,270 per tonne, with the average prices ranging between RMB 18,250 per tonne and RMB 18,290 per tonne. The spot contract price is expected to be traded at a discount price of RMB 60 to RMB 20 per tonne. The A00 aluminium ingot price has declined in all the provinces. In Wuxi, the price descended by RMB 210 per tonne to halt at RMB 18,260 per tonne. On the same day, in Hangzhou and Tianjin, the prices dropped by RMB 200 per tonne to record at RMB 18,290 per tonne, respectively. In Foshan and Chongqing, the aluminium ingot price slipped by RMB 190 per tonne to stop at RMB 18,290 per tonne and RMB 18,310 per tonne. The price in Gongyi has decreased by RMB 180 per tonne to reside...
LME aluminium opened at US$2,169 per tonne on Monday and closed at US$2,134 per tonne down US$33 per tonne or 1.52 per cent. LME aluminium cash bid price has slumped by US$27 per tonne or 1.25 per cent to settle at US$2,125 per tonne, and LME aluminium official settlement price has dipped by US$27.50 per tonne or 1.28 per cent to rest at US$2,125.50 per tonne to begin the week on Monday, September 26. 3-month bid price has dropped by 1.2 per cent or US$26 per tonne to stand at US$2,145 per tonne, while the 3-month offer price has witnessed a US$26.50 per tonne or 1.2 per cent loss, closing at US$2,145.50 per tonne. December 23 bid price and December 23 offer price both dived down by 1.27 per cent or US$29 per tonne, stopping at US$2,243 per tonne and US$2,248 per tonne, respectively. LME...
Diversified miner South32 announced on Tuesday, September 22, that Chief Operating Officer (COO) Mike Fraser, responsible for the operations in Colombia and Africa, will depart from the business. Along with Jason Economidis, who will continue to serve as COO and be responsible for operations in Australia, Noel Pillay, currently serving as Worsley Alumina's vice president of operations, will be named as the new COO. He was appointed the COO in 2021 with the responsibility of handling operations in Colombia and Africa. Noel Pillay was named the Vice President of Operations at Worsley Alumina in 2018, where he was responsible for the operation's cost, production, and safety performance. Mr Pillay began his career with BHP in 1994 as a maintenance engineer at Hillside Aluminium. He has held...
National Aluminium Company Limited's (NALCO) aluminium ingot and aluminium products prices fell after being cut by INR 2,500 per tonne, with effect from September 17. NALCO’s aluminium ingot price is currently ranging between INR 210,750-214250 per tonne since September 17 versus INR 213,250- 216,750 per tonne on September 14. NALCO’s aluminium wire rod price came in at INR 214,250-218,600 per tonne on September 17, seeing a cut of INR 2,500 per tonne from INR 216,750- 221,100 per tonne. Aluminium billets price was reduced from 217,700- 220,350 per tonne to INR 215,200-217,850 per tonne. NALCO reduced its aluminium ingot and aluminium products prices in response to fall of the three-month futures of aluminium on the London Metals Exchange by US$50.50 per tonne during September 13-16 from...
Tomago Aluminium, the largest aluminium smelter in Australia and New South Wales' biggest energy consumer, will speed up its decarbonisation drive and work with renewable energy producers to boost Hunter's clean energy transition. Developing opportunities for renewable power generation and energy storage projects in the region and beyond will be one of the company's priorities by 2029. The initiative will also significantly boost the construction and development of the A$100 billion Hunter Renewable Energy Zone. For the purpose of supporting its net-zero ambition and decarbonisation strategy, the company will solicit expressions of interest in developing, investing in, or procuring long-term traceable renewable energy or firm power generation projects. David Fallu, the Chairman of Tomago...
LME aluminium opened at US$2,222 per tonne last Friday and closed at US$2,167 per tonne, down US$56 per tonne or 2.52 per cent. On Friday, September 23, both LME aluminium cash bid price and LME aluminium official settlement price dwindled by US$43 per tonne or 1.95 per cent and US$42.5 per tonne or 1.93 per cent to settle at US$2,152 per tonne and US$2,153 per tonne. 3-month bid price and 3-month offer price plunged by US$43.5 per tonne or 1.96 per cent to record at US$2,171 per tonne and US$2,172 per tonne. December 23 bid price and December 23 offer price dropped by US$41 per tonne or 1.77 per cent and 1.76 per cent to close at US$2,272 per tonne and US$2,277 per tonne. LME aluminium opening stock scored at 340350 tonnes. Live warrants and Cancelled warrants were recorded at 276300...
The chief executive of Rio Tinto, Jakob Stausholm, is concerned about the unshackled flow of Russian aluminium into the US, which is decreasing the competitiveness of North American producers. According to Stausholm, Russian aluminium imports remain exempt from US sanctions, whereas allies like Australia are still subject to Trump-era restrictions. Since taking the helm of Rio at the beginning of 2021, he has been extraordinarily outspoken about the aluminium industry. As the US trade data shows Russia was the third-largest aluminium exporter to the US in August, the warning from the head of one of the world's largest aluminium producers is timely. Even as worldwide buyers refused to purchase Russian metal due to Ukraine-Russia geopolitical crisis, Russian imports last month were up...
On Thursday, September 22, SMM's stockpile of aluminium billets was 106,100 tonnes, down 8,800 tonnes from the previous week. Overall, the market mood remained relatively consistent this week despite slight fluctuations in aluminium prices and minor social inventory reduction due to pre-holiday restocking. In the penultimate trading week before the National Day break, when the downstream players are anticipated to continue the restocking activities, it is expected that the billet inventory will continue to decline a little. The figure below provides further information on the current state of aluminium billet inventories in China: The inventories in Wuxi, Changzhou and Nanchang grew by 300 tonnes, 500 tonnes and 200 tonnes, respectively. As of Thursday, the inventories for the same closed...
This week, the global primary aluminium segment witnessed many important events. To begin with, on Wednesday, the LME aluminium benchmark price dropped to its lowest in 18 months since March 2021 as markets prepared for another significant increase in US interest rates that may stifle economic development. According to Ali Al-Baqali, the Chief Executive of Aluminium Bahrain, customers in Europe are cautious about placing orders for next year owing to recession-related fears, resulting in a fall in demand (Alba). Apart from this, on Tuesday, September 20, Rio Tinto announced that it will join the First Movers Coalition forum, a worldwide endeavour to aid in the commercialization of zero-carbon technology by channelling purchasing power and supply chains, together with more than 50 other...
The LME aluminium benchmark price has slipped by US$79 per tonne this week from September 19 to 23. On Monday, both LME aluminium cash bid price and LME aluminium official settlement price began the week with a decline of US$26 per tonne and US$27 per tonne, respectively, to stand at US$2,231 per tonne and US$2,232 per tonne, respectively. On Tuesday, the prices rose by US$14 per tonne and US$13.50 per tonne to rest at US$2,245.50 per tonne but dropped to an 18-month low on Wednesday, September 21, by 2.4 per cent to US$2,189 per tonne and US$2,191 per tonne. On Thursday, the prices increased again by US$6 per tonne and US$4.50 per tonne to US$2,195 per tonne and US$2,195.50 per tonne but ended the week with a sharp fall to US$2,152 per tonne and US$2,153 per tonne, respectively. 3-month...
Hindalco Industries Limited increased its aluminium ingot and aluminium products prices on Friday, September 23, followed by a cut on the previous day. The company added INR 2,500 per tonne to its aluminium ingot price to sell the product at INR 203,750 per tonne versus INR 201,250 per tonne on September 22. Hindalco’s aluminium wire rod price also gained INR 2,500 per tonne on September 23 to come in at INR 214,850 per tonne. On September 22, the wire rod price stood at INR 212,350 per tonne, down by INR 3,000 per tonne from September 20. Hindalco’s aluminium billets price was no exception but also experienced a growth of INR 2,500 per tonne from INR 215,350 per tonne to INR 217,850 per tonne. Hindalco Industries links its aluminium ingot and aluminium products prices to the three-month...
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a decrease of 9,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, September 22, the inventories totalled 666,000 tonnes, which in comparison with the month’s third Monday, September 19, shrunk by 19,000 tonnes. As of now, the inventories in September dropped by 122,000 tonnes as recorded in the same period last year and by 11,000 tonnes than in August. Mainly, the inventory decreased in Wuxi, Nanhai and Hangzhou with arrivals from Wuxi and Gongyi being affected by prevailing pandemic restrictions and curtailed railway transportation in Xinjian. In fact the shipments of aluminium billet from Xinjian were also limited. The Nanhai inventory...
According to the General Administration of Customs, China’s primary aluminium import amounted to 49,300 tonnes in August 2022, reflecting a downfall of 3.35 per cent month-on-month and 53.3 per cent year-on-year. That brought the total imports during January-August to 297,600 tonnes, a year-on-year plunge of 71.1 per cent. The net import in August stood at 43,200 tonnes after shrinking by 0.43 per cent from the previous month. On a year-on-year calculation, the net import in the said month shrank by 58.9 per cent. During January-August, China’s net imports of primary aluminium totalled 107,200 tonnes, down by 89.54 per cent from the corresponding period of the last year. Russia was the leading exporter of the metal, supplying 42,000 tonnes, which accounted for 84.5 per cent of China’s...
LME aluminium opened at US$2,200.50 per tonne on Thursday and closed at US$2,223 per tonne, an increase of US$20 per tonne or 0.91 per cent. LME aluminium cash bid price has increased by US$6 per tonne or 0.27 per cent to settle at US$2,195 per tonne, and LME aluminium official settlement price has risen by US$4.50 per tonne or 0.2 per cent to rest at US$2,195.50 per tonne on Thursday, September 22. 3-month bid price has dropped by 0.07 per cent or US$1.50 per tonne to stand at US$2,214.50 per tonne, while the 3-month offer price has witnessed a US$2.50 per tonne or 0.11 per cent slump, closing at US$2,215.50 per tonne. December 23 bid price and December 23 offer price both lose 0.17 per cent or US$4 per tonne, stopping at US$2,313 per tonne and US$2,318 per tonne, respectively. Domestic...
On Friday, September 23, the A00 aluminium ingot price went up by RMB 50 per tonne to settle at RMB 18,710 per tonne. The average price for the same is expected to range between RMB 18,690 per tonne and RMB 18,730 per tonne, with spot contracts to be traded at a discount price of RMB 70 to RMB 30 per tonne. As per the SMM data, the prices in Foshan, Wuxi, Hangzhou, Shenyang and Linyi have grown by RMB 50 per tonne to reside at RMB 18,730 per tonne, RMB 18,700 per tonne, RMB 18,720 per tonne, RMB 18,660 per tonne and RMB 18,710 per tonne. In Gongyi and Chongqing, the prices ascended by RMB 40 per tonne and RMB 20 per tonne to come in at RMB 18,620 per tonne and RMB 18,690 per tonne. The A00 aluminium ingot price has grown in all the central provinces, except Tianjin, where it witnessed a...
