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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According to Sridhar Patra, the chairman and managing director of NALCO, the supply-demand mismatch in the aluminium market is expected to grow in 2022. Aluminium prices have swung wildly in the last year, rising 42% for the year despite a 12% drop from their peak. In 2021, the stock price of National Aluminium Company Limited (NALCO), a major aluminium producer, has increased by almost 130%. A mismatch in the global aluminium market, according to Patra, may keep prices high, with prices hovering around USD 2,600-2,700 per tonne. National Aluminium Corporation Limited (NALCO) is a well-known name in Eastern India's industrial landscape. It's one of the country's largest combined Bauxite-Alumina-Aluminium-Power Complexes. The government of India now owns 51.28% of the paid-up equity...
The month of December and also the year 2021 ended and the global aluminium industry welcomed the New Year 2022 with a lot of hope and desire. However, the month of December 2021 documented some very important decisions floated by various industry giants. The Romanian aluminium producer, Alro's aluminium smelter has already commenced the closedown procedure, as it has planned to slash down 60% of the production during the first phase. The Dunkerque Aluminium in France has also slashed its production output due to a surge in energy prices, while in India, the flagship company of Adani Group, Adani Enterprises declared that it has engulfed a wholly-owned subsidiary Mundra Aluminium Limited on 17th December 2021. China's aluminium sector, the world's largest, is growing increasingly reliant...
On Friday, December 31, both LME aluminium cash (bid) price and LME aluminium official settlement decreased by US$23.5 per tonne or by 0.83% to settle at US$2,805.50 per tonne and US$2,806 per tonne. 3-month bid price and 3-month offer price for the same day totalled at US$2,805 per tonne and US$2,810 per tonne. December 22 bid price and December 22 offer price registered at US$2,768 per tonne and US$2,773 per tonne, for the same day. LME aluminium opening stock came in at 939200 tonnes. Live warrants and Cancelled warrants for the same day stood at 709625 tonnes and 229575 tonnes. LME aluminium 3-month Asian Reference Price settled at US$2,815.60 per tonne, for the same day. SHFE Aluminium Price Trend The most-traded SHFE 2202 aluminium closed up 0.54% or RMB 110 per tonne to RMB 20380...
While the pandemic isn’t over, I believe we are moving into a more positive era. The DS&P 500 average is up by 26.9% on last year and we are seeing a real uptick in customer activity. Wind the clock back a year and while plants were still operational, many technical and managerial staff were furloughed and product trials to improve process efficiencies were put on the backburner. Like others in our boat, we felt the impact of this, but towards the end of the year, we started seeing renewed interest. Three of the major groups who are keen to start exploring ways to reduce costs and improve quality again have started trialling our high-efficiency Optifine grain refiner, which looks positive. Optifine has been used to successfully cast over 16 million tonnes of aluminium since 2010 and we...
Innovate or be left behind. What will drive the next phase of AM advancement? Software or hardware? We think material innovation is the key to addressing the many challenges posed in product development along with digitalisation. This and more are what we are exploring and implementing at Fehrmann Tech Group. The current Covid 19 pandemic has brought many businesses to a halt and has posed severe challenges but has also presented us with opportunities to invent. One of the most talked-about issues has been the supply chain disruption and its impact on manufacturing. That is where additive manufacturing has been able to address this disruption through on-demand and on-site manufacturing, also known as distributed manufacturing. Potentially servicing customers at the point of need and in...
Some of the key highlights in the global primary aluminium industry this week include Emirates Global Aluminium pays off in full $361 million, which the Mubadala backed company has raised as project finance from 13 banks and export credit agencies, Alro remains in dismay and alert that around 1300 staff or one-third of its labour force might get laid-off, as the company will curtail production at its aluminium smelter for primary aluminium production by 60% in 2022, and Norsk Hydro to axe around 60% production of Slovalco, its majority stake owned aluminium plant in Slovakia countering high energy prices. Let us now look at each of those news in further details: The leader in global aluminium production, Emirates Global Aluminium has paid off in full $361 million, raised by the Mubadala...
In November 2021, primary aluminium production in Russia & Eastern Europe stood at 339,000 tonnes, down by 13,000 tonnes or 3.69 per cent from 352,000 tonnes in October. In September, production in Russia & Eastern Europe totalled 340,000 tonnes, meaning the output in October climbed 3.52 per cent or 12,000 tonnes month-on-month. Total primary aluminium production from September to November amounted 1.031 million tonnes, 0.87 per cent less than 1.040 million tonnes in the previous three months but 0.19 per cent more than 1.029 million tonnes a year ago. From January to November 2021, Russia & Eastern Europe churned out 3.788 million tonnes of primary aluminium in total, which was 0.34 per cent down from 3.801 million tonnes during the same period last year. Primary aluminium production...
The representatives of the trade union of Romanian aluminium producer Alro remains in dismay and alert that around 1300 staff or one-third of its labour force might get laid-off, as the company will curtail production at its aluminium smelter for primary aluminium production by 60% in 2022. The number of unemployed is anticipated to increase, as the organizations in the province that rely on Alro employ around 20,000. On 30 th December a demonstration was organised at the headquarters of Alro. The trade union seeks intervention from the Government and President to save the Romanian aluminium industry. Alro has already notified that the enormous reduction in the capacity of primary aluminium production from five to two electrolysis units is the way to counter the spike in the electricity...
LME aluminium opened at US$2,813.50 per tonne on Thursday, December 30, and closed at US$2,815 per tonne, an increase of US$3 per tonne or 0.11 per cent. Both LME aluminium cash (bid) price and LME official settlement price continued to decrease on Thursday, December 30, to stand at US$2,829 per tonne and US$2,829.50 per tonne, respectively. Data showed the prices dropped by US$5.50 per tonne. On the other hand, 3-month bid price and 3-month offer price increased by US$6.50 per tonne and US$7 per tonne to come in at US$2,824.50 per tonne and US$2,825.50 per tonne. December 22 bid price and December 22 offer price also closed higher at US$2,793 per tonne and US$2,798 per tonne, respectively. LME aluminium opening stock slipped to 943500 tonnes. Live warrants remained restrained at 710150...
On 30 th December 2021, the Norwegian aluminium giant, Norsk Hydro stated that it will axe around 60% production of Slovalco, its majority stake owned aluminium plant in Slovakia countering high energy prices. In 2021, the swelling cost of power and natural gas covering the European continent has driven production curtailments at aluminium smelters and many other plants affecting the manufacturing industries. Slovalco already declared in 2019 its capacity cut to 80% and also stated that the fresh deduction to 60% proportional to an annual abatement of 35,000 tonnes of aluminium. However, the company has not commented on its time to effect. Hydro said: "Slovalco will continue to monitor the situation closely in the coming weeks and months.” While in Norway, Hydro has not emerged for any...
The leader in global aluminium production, Emirates Global Aluminium has paid off in full $361 million, which the Mubadala backed company had raised as project finance from 13 banks and export credit agencies. However, these funds were utilized significantly towards the expansion of its Al Taweelah smelter plant in Abu Dhabi. EGA said in a statement: “The funds relate to two tranches that were taken out, and were repaid four- and seven years before they became due. The early repayment further deleverages EGA and is an important part in the company’s capital structure optimisation strategy.” The financing of EGA has been narrowed by over $1 billion in the existing two years and now incorporates a senior term loan facility of $5.5 billion. Guinea Alumina Corporation, the subsidiary of EGA...
According to the Shanghai Metals Market, social inventories of primary aluminium in China have continued to decrease week-on-week across eight major consumption areas, including SHFE warrants. Data shows the inventories have plunged by 65,000 tonnes this week to come in at 799,000 tonnes as of December 30. SMM data has also shown that decline in inventories at Wuxi, Nanhai, and Gongyi have primarily contributed to the extended downfall of total primary aluminium inventories. The chart below indicates the current status of primary aluminium inventories across China in more details: Primary aluminium inventories in Wuxi have slipped by 40,000 tonnes week-on-week to stand at 286,000 tonnes on December 30, followed by the decline of 11,000 tonnes and 10,000 tonnes in Nanhai and Gongyi to come...
According to a statement filed with the Egyptian Exchange, Egypt Aluminum (Egyptalum) has signed a contract with Consulting Engineering Group (CEGMAN) to undertake a feasibility study for the vehicle rims manufacturing line project. Egypt Aluminum recorded a net profit after tax of EGP 304.718 million in the first quarter of the fiscal year (FY) 2021/2022, compared to a net loss of EGP 150.97 million in the first quarter of the fiscal year (FY) 2020/2021. Egyptalum is a firm headquartered in Egypt that specialises in extruding aluminium profiles for architectural and industrial uses. Aluminium billet casting, dies, extrusion, alloys, painting, and anodizing are some of the services provided by the firm.
On 29 th December 2021, the world's sixth-largest producer of aluminium Alcoa has announced that it has drawn up an agreement for the curtailment of operations at its San Ciprian smelter in Spain for the next two years. However, the American industrial corporation has also delivered its commitment to initiate restarting the facility in January 2024. Alcoa, with its corporate headquarters in Pittsburgh, Pennsylvania said the agreement with workers' representatives at the San Ciprian aluminium facility is focused on settling the challenges it is countering in regards to outrageous energy prices. Alcoa stated: “The deal will see the curtailment activity at the facility, which has 228,000 metric tons of annual capacity, begin Jan. 1, with the goal of completion before the end of that month.”...
According to the Shanghai Metals Market, A00 aluminium ingot price in China has hiked for the second consecutive day by RMB 210 per tonne to reach above RMB 20,000 per tonne yet again. Data shows the price is standing at RMB 20,130 per tonne as of December 30, with average prices likely to range between RMB 20,110 per tonne and RMB 20,150 per tonne. The spot contract is expected to be traded at a premium price of RMB 60-20 per tonne, up by RMB 10 per tonne from the previous day. In Wuxi, the primary aluminium ingot price has climbed by RMB 220 per tonne to stand at RMB 20,140 per tonne, while the price in Shenyang and Tianjin has increased by RMB 210 per tonne to come in at RMB 20,140 per tonne. A00 aluminium ingot price in Linyi has also witnessed a hike of RMB 210 per tonne but to peg...
LME aluminium opened at US$2,821 per tonne on Wednesday and closed at US$2,812 per tonne, down US$8 per tonne or 0.28%. LME aluminium cash (bid) price moved down by US$11.5 per tonne or by 0.40% to come in at US$2,834.50 per tonne, as of Wednesday, December 29. LME aluminium official settlement price decreased by US$13 per tonne or by 0.45% to total at US$2,835 per tonne, respectively. 3-month bid price and 3-month offer price for the same day was recorded at US$2,818 per tonne and US$2,818.50 per tonne. December 22 bid price and December 22 offer price closed at US$2,773 per tonne and US$2,778 per tonne. LME aluminium opening stock pegged at 959700 tonnes. Live warrants and Cancelled warrants for the same day stood at 710150 tonnes and 249550 tonnes. LME aluminium 3-month Asian Reference...
“At this juncture with revival of economy and post pandemic industrial activity back on track, any further restriction on one of the major raw materials for Aluminium will hamper the economic viability of Indian Aluminium industry to the extent of closure of operations thereby affecting the overall economy,” said AAI “The burden of any additional tariffs will be detrimental for the sustainability and cost competitiveness of the Aluminium industry as unlike other industries, it cannot pass through the burden of escalated cost to the end consumers as the global Aluminium prices are governed by London Metal Exchange," added AAI. According to the AAI, caustic soda imports are already restricted in India due to a variety of tariff and non-tariff restrictions, including the requirement to use...
The London Metal Exchange was closed on Tuesday, December 28, for Christmas Holiday. On Friday, December 24, LME aluminium cash (bid) price stood at US$2,846 per tonne. On the other hand LME aluminium official settlement price closed at US$2,848 per tonne. 3-month bid price and 3-month offer price for the same day stood at US$2,841 per tonne and US$2,841.50 per tonne, respectively. December 22 bid price and December 22 offer price hovered around US$2,797 per tonne and US$2,802 per tonne. SHFE Aluminium Price Trend On Wednesday, December 29, the benchmark aluminium price for SHFE moved up by US$25 per tonne to stand at US$3,127 per tonne. The most-traded SHFE 2202 aluminium closed down 0.28% or RMB 55 per tonne to RMB 19860 per tonne, with open interest down 1899 lots to 214526 lots. The...
