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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In August 2022, primary aluminium production in Africa inched up by only 1,000 tonnes month-on-month to stand at 141,000 tonnes, found the International Aluminium Institute. In July, the output had grown by 5,000 tonnes or 3.7 per cent from 135,000 tonnes in the previous month. On a year-on-year calculation, primary aluminium production in August also edged 5,000 tonnes or 3.7 per cent higher than 136,000 tonnes, showed IAI. In the first eight months of 2022, Africa’s primary aluminium production totalled 1.083 million tonnes, up by 2.95 per cent from 1.052 million tonnes during the same period last year. Africa’s daily average production of primary aluminium from January to August stood at 35,600 tonnes, up by 1,000 tonnes from 34,600 tonnes a year ago. In August, daily output in Africa...
The Mission Possible Partnership (MPP) has attracted more than 200 industry leaders to support efforts to decarbonize some of the world's most challenging and carbon-intensive industries. More than 60 companies have endorsed new plans presented at New York Climate Week for producing near-zero emissions materials - aluminium, ammonia and steel, increasing the number of endorsements for MPP's Sector Transition Strategies (STS) that include aviation, shipping and trucking to over 200. Among the signatories are steelmakers Rio Tinto, ThyssenKrupp, Vale, ArcelorMittal, CSN, Liberty Steel, SSAB and Tata Steel. Other companies include aluminium manufacturers like EGA, Alcoa and Rio Tinto Aluminium, while ammonia producers CF Industries, BASF, SABIC and Yara, and renewable energy companies...
LME aluminium opened at US$2,250.5 per tonne on Wednesday and closed at US$2,203 per tonne, down US$52 per tonne or 2.31 per cent. On Wednesday, September 21, aluminium prices dropped to their lowest in 18 months since March 2021 as markets prepared for another significant increase in US interest rates that may stifle economic development. Both LME aluminium cash bid price and LME aluminium official settlement price nosedived by US$56 per tonne or 2.49 per cent and US$54.5 per tonne or 2.42 per cent to halt at US$2,189 per tonne and US$2,191 per tonne. 3-month bid price and 3-month offer price plunged by US$49 per tonne or 2.16 per cent and US$48 per tonne or 2.11 per cent to record at US$2,216 per tonne and US$2,218 per tonne. December 23 bid price and December 23 offer price declined by...
A00 aluminium ingot price has escalated by RMB 110 per tonne to close at RMB 18,660 per tonne, as the Shanghai Metals Market recorded on Thursday, September 22. The average prices are expected to range between RMB 18,640 per tonne and RMB 18,680 per tonne, with spot contracts trading at discount prices of RMB 70 per tonne and RMB 30 per tonne. The provinces in China have seen irregular aluminium prices today, with A00 aluminium ingot prices declining the highest in Wuxi and Hangzhou by RMB 140 per tonne to RMB 18,540 per tonne and RMB 18,560 per tonne. The price of aluminium in Foshan has witnessed an increase of RMB 130 per tonne stopping at RMB 18,680 per tonne, while in Gongyi the aluminium price has risen by RMB 110 per tonne to rest at RMB 18,580 per tonne. The aluminium prices in...
Around the world, the effects of digital transformation are notable and pervasive. Digitalization has substantially advanced through time and given rise to cutting-edge technologies like AI, robotics, IoT, and many more. Aluminium is one of the top worldwide sectors adopting these advanced digital technologies and transforming its companies into Smart Enterprises. Some of the most prominent developments in the sector brought about by digital transformation include lowering manufacturing costs, increasing production efficiency, reducing operating time, and promoting sustainability. As part of its effort to shed more light on how digital transformation has changed the industry, AlCircle has launched its e-magazine titled "Digital Transformation in the Aluminium Industry: Drivers & Change...
Vedanta Limited has added INR 1,250 per tonne to its aluminium ingot and aluminium products prices, with effect from Wednesday, September 21. That followed a cut of INR 3,250 per tonne on Tuesday, September 20. On September 21, Vedanta’s aluminium ingot price has come in at INR 207,500- 237,000 per tonne versus INR 206,250-235,750 per tonne on September 20. Aluminium wire rod price is currently ranging between INR 215,000- 222,500 per tonne since a raise today, in contrast to INR 213,750-221,250 per tonne on the previous day. Vedanta’s aluminium billets price is standing at INR 216,500 per tonne compared to INR 215,250 per tonne on a day ago. Vedanta’s aluminium price rise on September 21 is in line with an increase of US$13.50 per tonne in the three-month futures of alumsinium on the...
According to the data released by the International Aluminium Institute, world primary aluminium production stood muted at 5.888 million tonnes in August 2022 compared to 5.878 million tonnes a month ago. But the output in July reflected a hike of 3.78 per cent month-on-month from 5.664 million tonnes. On a year-on-year calculation, world primary aluminium output in August marked a rise of 3.53 per cent from 5.687 million tonnes. In the first eight months of 2022, world primary aluminium production totalled 45.448 million tonnes, up by 0.72 per cent from 45.125 million tonnes. Among the major primary aluminium producing countries, China churned out 3.5 million tonnes of the metal in August 2022, in contrast to 3.497 million tonnes in July. That reflected a month-on-month restraint, but on...
On Tuesday, September 20, Rio Tinto announced that it would join the tribe of more than 50 companies to be a part of the First Movers Coalition forum, a global initiative to help commercialise zero-carbon technologies by channelising purchasing power and supply chains. Companies with a combined market value of about $8.5 trillion across five continents represent the forum with a common interest in creating early markets for innovative clean energy technologies. The forum has companies from the aluminium, aviation, chemicals, concrete, shipping, steel, and trucking industry responsible for 30 per cent of global emissions. Soon the emission is estimated to rise to over 50 per cent if no urgent step is taken on clean technology innovation. Rio Tinto is on the way to achieving net zero...
Introduction – What is digital transformation Digital Transformation is no longer a foreign term by any means to anybody. Over the past three years, it added a lot of fuel to its growth due to the pandemic situation which restricted physical movement to a great extent and compelled industries to go digital to great extent. Amid the slowing economic activity, digital adoption has been increasing at an unprecedented rate. However, all of it may not be branded as Digital Transformation, but rather the acceleration along the path towards that goal. Let us take a step back and understand such a journey for any organization. Digital transformation is the end goal of a journey which starts with digitization. The traditional definition of digitization is converting any form of physical...
On Wednesday, September 21, A00 aluminium ingot price in China slumped by RMB 140 per tonne to halt at RMB 18,550 per tonne, with the average prices ranging between RMB 18,530 per tonne and RMB 18,570 per tonne. The spot contract price is expected to be traded at a discount price of RMB 70 to RMB 30 per tonne. The prices in Chongqing, Hangzhou and Wuxi dropped by RMB 140 per tonne to record at RMB 18,600 per tonne, RMB 18,560 per tonne and RMB 18,540 per tonne. On the same day, the price in Foshan descended by RMB 130 per tonne to settle at RMB 18,550 per tonne. The A00 aluminium ingot price in Tianjin and Gongyi dipped by RMB 110 per tonne to peg at RMB 18,600 per tonne and RMB 18,470 per tonne. Shenyang and Linyi witnessed a price cut of RMB 100 per tonne and RMB 90 per tonne to close...
LME aluminium opened at US$2,256 per tonne on Tuesday and closed at US$2,255 per tonne, up US$6 per tonne or 0.27 per cent. LME aluminium cash bid price has risen by US$14 per tonne or 0.63 per cent to settle at US$2,245 per tonne and LME aluminium official settlement price gains US$13.50 per tonne or 0.60 per cent to rest at US$2,245.50 per tonne on Tuesday, September 20. 3-month bid price has ascended by 0.84 per cent or US$19 per tonne to stand at US$2,265 per tonne, while the 3-month offer price has witnessed a similar hike in percentage, closing at US$2,266 per tonne. December 23 bid price and December 23 offer price both earns 0.85 per cent or US$20 per tonne stopping at US$2,355 per tonne and US$2,360 per tonne, respectively. LME aluminium opening stock continued to decrease by...
The 10th IBAAS conference was inaugurated on 14th September 2022 morning by Mr Bibhu Prasad Mishra, President & Head, Manufacturing Centre of Excellence, Hindalco Industries. Dr Anupam Agnihotri, Director, JNARDDC, Ms Marieke van der Mijn, Director of Partnerships, Aluminium Stewardship Initiative (ASI) and Ms Lavanya Kugaswaran, Environment Program Manager, International Aluminium Institute (IAI), London were guests of honour. About 200 delegates representing the bauxite, alumina and aluminium industry, research organizations, technology/equipment suppliers, service providers, and academic institutes participated in this conference. The inaugural function was conducted by Mr Sankaranarayanan and Dr Ashok Nandi, Convener of the Conference, highlighting the journey, growth and contribution...
Social inventories of aluminium ingot across China’s eight major consumption areas, including SHFE warrants, grew by 10,000 tonnes over the weekend ended Monday, September 19, to stand at 685,000 tonnes, found the Shanghai Metals Market. But compared to the previous Monday, September 12, the inventories on September 19 edged 11,000 tonnes lower than 696,000 tonnes. The primary aluminium inventories on Thursday also reflected a decrease of 21,000 tonnes from Monday to amount to 675,000 tonnes, learned SMM. The inventories fluctuated greatly in the past two weeks due to concentrated arrivals of stocks during and after the holiday, while withdrawals from warehouses in main markets fell sharply to 113,800 tonnes owing to squeezed demand among downstream producers. To know the current status...
LME aluminium opened at US$2,284 per tonne on Monday and closed at US$2,249 per tonne, down US$34 per tonne or 1.49 per cent. On Monday, September 19, both LME aluminium cash bid price and LME aluminium official settlement price dipped by US$26 per tonne or 1.15 per cent and US$27 per tonne or 1.19 per cent to settle at US$2,231 per tonne and US$2,232 per tonne. 3-month bid price and 3-month offer price slipped by US$20 per tonne or 0.88 per cent to stop at US$2,246 per tonne and US$2,247 per tonne. December 23 bid price and December 23 offer price climbed down the graph by US$23 per tonne or 0.97 per cent to record at US$2,335 per tonne and US$2,340 per tonne. LME aluminium opening stock settled at 346325 tonnes. Live warrants and Cancelled warrants came in at 278600 tonnes and 67725...
A00 aluminium ingot price has slumped by RMB 80 per tonne to close at RMB 18,690 per tonne, as the Shanghai Metals Market recorded on Tuesday, September 20. The average prices are expected to range between RMB 18,670 per tonne and RMB 18,710 per tonne, with spot contracts trading at discount prices of RMB 70 per tonne and RMB 30 per tonne. The provinces in China have witnessed a downfall in aluminium prices today, with A00 aluminium ingot prices declining the highest in Foshan and Shenyang by RMB 90 per tonne to RMB 18,680 per tonne and RMB 18,630 per tonne. The prices of aluminium in Wuxi, Hangzhou, Chongqing and Linyi have recorded an RMB 80 per tonne drop to settle at RMB 18,680 per tonne, RMB 18,700 per tonne, RMB 18,740 per tonne and RMB 18,690 per tonne. The price of aluminium in...
CME Group Inc., a futures exchange operator, said on 16 th September 2022 that aluminium futures volumes soared 359% in Q3 to date from Q1 and topped 6,709 contracts in the fourth quarter. A futures contract for aluminium is a standardized, exchange-traded contract in which the contract buyer agrees to take delivery of aluminium at a predetermined price from the seller on a future delivery date. CME Group Inc. is an American global markets company. It is the world's largest financial derivatives exchange and trades in asset classes that include agricultural products, currencies, energy, interest rates, metals, stock indexes and cryptocurrencies futures. The CME stated, "The top 25 aluminium futures volume days have all occurred since April, with nearly 150 new accounts trading since May."...
A00 aluminium ingot price has plunged by RMB 100 per tonne to halt at RMB 18,770 per tonne, as the Shanghai Metals Market recorded on Monday, September 19. The average prices are expected to range between RMB 18,750 per tonne and RMB 18,790 per tonne, with spot contracts trading at discount prices of RMB 70 per tonne and RMB 30 per tonne. The provinces in China have witnessed a downfall in aluminium prices today, with A00 aluminium ingot price decreasing the most in Hangzhou by RMB 110 per tonne to RMB 18,780 per tonne, followed by RMB 100 per tonne slump in Gongyi, Foshan, Wuxi and Linyi to RMB 18,650 per tonne, RMB 18,770 per tonne, RMB 18,760 per tonne and RMB 18,770 per tonne. The prices of aluminium in Chongqing and Shenyang have recorded an RMB 80 per tonne drop to settle at RMB...
On 18th September 2022, the Chinese customs data revealed that China's aluminium imports in August 2022 descended 19% from the previous year's same period. The record rise in domestic production and limited export supply is the primary reason for this import dip. China stands as the world’s largest producer and consumer of aluminium. According to data from the General Administration of Customs, in August 2022, China procured 200,440 tonnes of unwrought aluminium and products, including primary metal and unwrought, alloyed aluminium. The drop in imports was attributed to this year's production ramp-up, which eased supply tensions at home. Imported materials have also been in high demand due to power restrictions. In August 2022, China produced a record 3.51 million tonnes of light metal,...
