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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LME aluminium opened at US$2,312.5 per tonne on Friday and closed at US$2,283 per tonne, down US$21 per tonne or 1.38 per cent. LME aluminium cash bid price dropped by US$14 per tonne or 0.62 per cent to settle at US$2,257 per tonne and LME aluminium official settlement price slipped by US$13 per tonne or 0.57 per cent to rest at US$2,259 per tonne on Friday, September 16. 3-month bid price descended by 0.66 per cent or US$15 per tonne to stand at US$2,266 per tonne, while the 3-month offer price witnessed a similar fall in percentage, closing at US$2,267 per tonne. December 23 bid price and December 23 offer price both lost 0.59 per cent or US$14 per tonne stopping at US$2,358 per tonne and US$2,363 per tonne, respectively. LME aluminium opening stock continued to decrease by 0.57 per...
According to sources, the Yunnan province in southwest China gave this week's directive to aluminium companies to use less energy. In addition to its captive power plant (CPP) at its Mahan facility, Hindalco Industries, the largest manufacturer of aluminium in India, started producing energy from a 25 MW solar project in Singrauli, Madhya Pradesh. Boeing announced that owing to the current conflict in Russia and Ukraine, it ceased purchasing aluminium from Vladimir's Russia. Boeing stopped obtaining essential supplies from Russia for the second time. Energy price hikes are still having an impact in China. . Egyptalum, the biggest producer of aluminium in Egypt and one of the biggest in Africa, anticipates solid commercial outcomes in the next year by leveraging many local and global...
Customers in Europe are hesitant to place orders for next year due to recession concerns, causing a decline in demand, as stated by Ali Al-Baqali, the Chief Executive of Aluminium Bahrain (Alba). Ali Al-Baqali commented on the sidelines of an aluminium conference in Barcelona, "The overall demand is lower... because people are hesitating to order." Aluminum Bahrain was the first aluminium smelter in the Middle East to begin commercial operations in 1971. Alba employs 84 per cent Bahraini nationals, and the company has introduced numerous capacity-building initiatives to increase its nationalization rate. "Many (European) customers have an order book, but they don't know when they will take the metal because they are afraid that if they book the full quantity, then the recession starts."...
On Thursday, September 15, the domestic social inventory of aluminium billets dropped by 2,700 tonnes or 2.29 per cent across three major consumption areas to close at 114,900 tonnes. This month, the orders received by downstream businesses had hardly improved. Since downstream producers are concerned that projected output reductions in Yunnan would increase aluminium prices, they will be more inclined to hoard. As a result, the social inventory of aluminium billet may drop slightly soon. The figure below provides further information on the current state of aluminium billet inventories in China: The inventories in Huzhou and Nanchang had ascended by 2,000 tonnes or 1,200 tonnes to close at 16,000 tonnes or 4,700 tonnes. The increment was due to the steady arrivals and weak downstream...
On Friday, September 16, A00 aluminium ingot price in China went up by RMB 80 per tonne to settle at RMB 18,870 per tonne. The average price for the same is expected to range between RMB 18,850 per tonne and RMB 18,890 per tonne, with spot contracts to be traded at a discount price of RMB 70 to RMB 30 per tonne. On the same day in Foshan, the price increased by RMB 100 per tonne to settle at RMB 18,870 per tonne. In Huzhou and Shenyang, the price went up by RMB 80 per tonne to settle at RMB 18,890 per tonne and RMB 18,800 per tonne. Linyi also experienced the same price hike to halt at RMB 18,870 per tonne. As per the SMM data, prices in Wuxi and Chongqing climbed up by RMB 70 per tonne to peg at RMB 18,860 per tonne and RMB 18,900 per tonne. The A00 aluminium ingot price in Gongyi went...
The voice of the aluminium industry in Europe, European Aluminium, appraises the emergency measures proposed by the European Commission on the 14th of September and welcomes the first step to address the extremely high energy prices. However, the aluminium industry association signifies that these measures are insufficient and will not bail out the energy-intensive aluminium industry from further production cuts, job losses, and possibly a complete breakdown. These short-term measures aim to reduce electricity demand and redistribute financial resources to exposed consumers, such as energy-intensive industries like aluminium. European Aluminium stresses that while the proposed measures may provide some much-needed immediate relief, they do very little to reduce the excessive energy costs...
LME aluminium opened at US$2,276 per tonne on Thursday and closed at US$2,315 per tonne, up 1.83 per cent. On Thursday, September 15, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$44 per tonne or 1.97 per cent and US$44.5 per tonne or 1.99 per cent to settle at US$2,271 per tonne and US$2,272 per tonne. 3-month bid price and 3-month offer price grew by US$38 per tonne or 1.69 per cent to stop at US$2,281 per tonne and US$2,282 per tonne. December 23 bid price and December 23 offer price soared up by US$40 per tonne or 1.71 per cent to record at US$2,372 per tonne and US$2,377 per tonne. LME aluminium opening stock closed at 349650 tonnes. Live warrants and Cancelled warrants came in at 278825 tonnes and 70825 tonnes. LME aluminium 3-month Asian...
The largest aluminium producer in Egypt and one of the largest in Africa, Egyptalum expects strong business results in the coming period, taking advantage of several factors, whether on the global or local scene. Several factors are expected to contribute to Egyptalum's business results, whether global or local, over the coming period. The aluminium company of Egypt is expected to benefit directly from the rise of the US dollar price, in conjunction with the state's tendency to support the industrial sector, as well as the effects of the Russian-Ukrainian conflict on increasing aluminium demand worldwide, which would be an advantage to the company. As per our report, it has been confirmed that the Russian-Ukrainian conflict positively impacted Egyptalum’s business, which continues to...
To meet its raw material needs, Constellium, at this moment, is plotting to continue the purchase of aluminium from Russia's industrial giant Rusal in the next year as it did in the better half of 2022. Apparently, no sanction on Rusal has made the company take this step, as was anonymously reported by an employee on September 15. Constellium, on the whole, buys 5 per cent of its materials from Rusal, and the executive confirmed that the company has not made any purchase decisions yet, but it is very unlikely that the buying rate would decrease in 2023. The Constellium employee declared: "If there is any sanction, we will respect it; today, there is no sanction, so we don't see any reason why we should not get metal from there. I guess if the economics are good, we will continue to work...
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium products prices, with effect from Wednesday, September 14, following a sharp cut last week, September 9. NALCO’s aluminium ingot price has gained INR 3,100 per tonne from the earlier time to stand at INR 213,250- 216,750 per tonne. On September 9, the price stood at INR 210,150- 213,650 per tonne, down by 7 per cent since the last hike. NALCO’s aluminium wire rod price has also undergone a rise of INR 3,100 per tonne, with effect from September 14, to come in at INR 216,750- 221,100 per tonne versus INR 213,650- 218,000 per tonne on September 9. The company’s aluminium billets price is currently ranging between INR 217,700- 220,350 per tonne, as against INR 214,600- 217,250 per tonne in the previous...
The unveiling of a new Critical Raw Materials Act by European Commission President Ursula von der Leyen during the annual State of the Union Address was warmly received by European Aluminium. This trade group represents the aluminium value chain in Europe. The Association requests urgent help from decision-makers in assuring a sustainable supply of European aluminium in light of the growing significance of speeding Europe's green transformation. Aluminium is a crucial element in green technology, including wind turbines and solar panels, as well as in defence equipment and essential consumer goods. Given the significance of raw materials in implementing the EU Green Deal and providing critical applications for European residents, European Aluminium emphasises the need to increase Europe's...
The UK Aluminium Federation (ALFED) has announced a Net Zero Report, aiming to achieve the long-standing goal of decarbonisation, sustainability, and a circular economy. While its actions outlined in the early roadmap remain the same, the new report includes contributions and challenges from members, stakeholders, and industry representatives to infuse a bigger and bolder vision. ALFED considers its Net Zero goal as a pathway to enable the UK aluminium industry to achieve a vision that fits its interests. The report contains industry experts’ responses based on overwhelming theme of collaboration and systematic approach to solution development to explore greater opportunities for investment in the UK. The objectives of the report are mentioned in detail, along with emerging action plans...
LME aluminium opened at US$2,309.5 per tonne on Wednesday and closed at US$2,273.5 per tonne, down 1.43 per cent. LME aluminium cash bid price and LME aluminium official settlement price both plunged by US$82 per tonne or 3.55 per cent to rest at US$2,227 per tonne and US$2,227.50 per tonne on Wednesday, September 14. 3-month bid price descended by 3.53 per cent or US$82 per tonne to stand at US$2,243 per tonne, while the 3-month offer price witnessed a drop of US$82.50 per tonne or 3.55 per cent closing at US$2,244 per tonne. December 23 bid price and December 23 offer price lost 3.24 per cent or US$78 per tonne stopping at US$2,332 per tonne and US$2,337 per tonne, respectively. LME aluminium opening stock rose first time in a while by 3.81 per cent or 12,700 tonnes, from 332,900 tonnes...
According to the Shanghai Metals Market, China’s aluminium production in August (31 calendar days) amounted to 3.488 million tonnes, reflecting a steady trend compared to 3.5 million tonnes in the previous month and 8.16 per cent higher than in a year ago. The total output during January-September stood at 26.547 million tonnes, an increase of 2.2 per cent from the corresponding period of the last year. The daily average production of the metal was 112,500 tonnes across China in August’22 - majorly unchanged from 112,900 tonnes in July. This stable production could be accredited to steady product resumptions at companies like Gansu Liancheng, Guangxi Jili Baikuang, and Guangxi Investment Group Yinhai. According to SMM, 380,000 tonnes of capacity owned by Gansu Liancheng resumed, while new...
On 14 th September 2022, Anil Agarwal, the Chairman of Vedanta Resources stated that his company has new investments of more than USD$3 billion (INR 25,000 crore), as it has plans to expand its aluminium, ferrochrome, and mining businesses in Odisha. The founder of Vedanta Resources made this announcement while meeting, Naveen Patnaik, the Chief Minister of Odisha on the side-lines of the ‘Make in Odisha-2022’ roadshow in Mumbai. Anil Agarwal said, "We (Vedanta) stand testimony to what is possible if you Make it in Odisha. It is amongst the most favourable investment destinations in India, ably led by the stable governance, leadership, and vision of Naveen Patnaik, which is reflected in the state's Ease of Doing Business rankings.” According to the company, “With this quantum of...
On Thursday, September 15, the A00 aluminium ingot price in China hiked by RMB 160 per tonne to settle at RMB 18,790 per tonne, with the average prices ranging between RMB 18,770 per tonne and RMB 18,810 per tonne. The spot contract price is expected to be traded at a discount price of RMB 20 per tonne and a premium price of RMB 20 per tonne. As per the SMM data, the price in Foshan has increased by RMB 180 per tonne to settle at RMB 18,770 per tonne. The A00 aluminium ingot price in Gongyi, Wuxi and Chongqing ascended by RMB 170 per tonne to rest at RMB 18,720 per tonne, RMB 18,790 per tonne and RMB 18,830 per tonne. In Tianjin and Hangzhou, the prices climbed up by RMB 160 per tonne and RMB 150 per tonne, stopping at RMB 18,840 per tonne and RMB 18,810 per tonne. In Linyi and Shenyang,...
Ecosystem Southland is in charge of a programme of action to ensure a thorough and integrated approach is followed to determine the level of contamination at the Tiwai aluminium smelter site and the necessary clean-up of the surrounding environment. According to the Environmental health and safety (EHS) assessment, the results show contaminants in drains and soil. It also reveals elevated levels of cyanide, fluoride, aluminium, arsenic, and PAHs in groundwater. New Zealand Aluminium Smelters (NZAS) has been requested by the regional council to take many actions to remediate the pollution that the firm discovered via its own reporting and a subsequent independent evaluation. The commission is requesting an enhanced, independent monitoring programme for the site. To clarify contamination at...
En+ Group, the largest producer of low-carbon aluminium and biggest independent renewable energy generator, announced the first year results on Net Zero strategy goals. In 2021, En+ Group was Russia’s one of the first companies to target becoming carbon neutral by 2050. The first lap of the goal was to reduce greenhouse gas emissions by at least 35 per cent by 2030. Despite geopolitical pressure and external challenges resulting supply chain disruptions, the Group could remain committed and initiate the drive. "Despite the current geopolitical situation, we will strive to continue pursuing our objectives. Their relevance is driven by our sales markets. Sales of aluminium with a low carbon footprint under the ALLOW brand grew by 44% last year and came close to 1 million tonnes. Thanks to...
