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...
Grow with
AL Circle
According to the International Aluminium Institute, primary aluminium production in North America stood at 308,000 tonnes during November 2021, down by 10,000 tonnes or 3.14 per cent from 318,000 tonnes in October 2021. In September 2021, primary aluminium production in North America came in at 304,000 tonnes, meaning the output in October rose 14,000 tonnes or 4.61 per cent month-on-month. On a year-on-year calculation, North America’s primary aluminium production recorded a 6.10 per cent downfall from 328,000 tonnes. In three month time (from September to November), primary aluminium production amounted to 930,000 tonnes, 5 per cent or 49,000 tonnes less than 979,000 tonnes during the same period last year. From January to November, primary aluminium production in North America totalled...
The Aluminium Plant Podgorica, which is also commonly known as Uniprom KAP, is a Montenegrin aluminium smelting company located in Podgorica, Montenegro. Uniprom plans to complete the proposed close down of the electrolysis plant of aluminium smelter KAP by 30 th December 2021, as reported by local media agencies. On 26 th December 2021, Nebojsa Dozic, the General Manager of KAP said: “The aluminium company has so far shut down half of the electrolysis cells at the smelter.” However, in the previous week, Uniprom directed the smelter to commence a phased shutdown of cells in the electrolysis plant and on 15 th December, a drive which will lead to a halt in the production of primary aluminium due to a surge in energy price that state-run power distributor EPCG tenders to come into force...
To boost cost competitiveness in the sector, the domestic aluminium industry has sought a decrease in basic customs duty and a correction in the inverted duty structure on important raw materials such as pet coke, caustic soda, aluminium fluoride, and alumina. The Aluminium Association of India (AAI), on behalf of the local aluminium sector, has requested quick government help in the next Union Budget 2022-23. According to the AAI's pre-budget projections; it has also proposed an increase in the basic customs tax rate for aluminium and products from 10% to 15%, in line with the steel industry. It was also asked that the basic customs duty on raw aluminium is raised from 7.5% to 10%, the duty on aluminium scrap be raised from 2.5% to 10%, and that the duty on downstream aluminium products...
The non-power sector consumers of coal are expected to confront a shortage of dry fuel in January, as the centre continues to prioritise supply to the power sector. The decision of the Central government to prioritize the supply of coal for thermal power plants since July has raised concern among the non-power sector coal buyers like aluminium, steel and cement. As a result of which, the non-power sector coal buyers have complained about the low coal supply from Coal India Ltd (CIL). Aluminium, steel, and cement producers who rely on domestic coal to power their plants have expressed concern that low supplies are driving up input costs. Especially, for the aluminium producers, even a two-hour power outage could result in extended shutdowns. According to an industry source, several...
As per the local government notice, it has been revealed that the world's largest aluminium producer, China Hongqiao Group, which engulfs the entire aluminium industry chain, plans to shift 1.93 million tonnes of aluminium capacity to the Honghe prefecture in southwest Yunnan province. The statement released by the Yunnan industry department, which says that, the Chinese state-owned company that specializes in the production of aluminium lines up to reposition capacity from six projects in its Shandong units to Yunnan Honghe New Material Co via a capacity swap plan. The largest aluminium manufacturer, Hongqiao had committed to displacing around 2 million tonnes of its annual capacity from eastern Shandong province to Yunnan's Wenshan prefecture for smooth access to hydropower, a pristine...
The London Metal Exchange was closed on Monday, December 27, for the Christmas Holiday. On the last day of trading, which was on Friday, December 24, the three-month LME aluminium opened at US$2,845 per tonne and closed at US$2,820 per tonne, a decrease of US$28 per tonne or 0.98 per cent. LME aluminium cash (bid) price and LME aluminium official settlement price rose by US$28.50 per tonne and US$30 per tonne, respectively, to come in at US$2,846 per tonne and US$ 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. SHFE Aluminium Price Trend On Tuesday, December 28, the benchmark aluminium price for SHFE decreased for the third day in a row by US$22 per tonne to total at US$3,102 per tonne. The most-traded SHFE...
National Aluminium Company Limited (NALCO) significantly hiked its aluminium ingot and aluminium products prices on Friday, December 24. The company’s aluminium ingot price came in at INR 242,550-246,050 per tonne, up by INR 10,600 per tonne or 4.5 per cent from INR 231,950- 235,450 per tonne on December 21. NALCO’s aluminium wire rod price also saw a jump of INR 10,600 per tonne from INR 234,450-238,800 per tonne on December 21 to INR 245,050-249,400 per tonne on December 24. Aluminium billets price range between INR 246,000-248,650 per tonne, compared to INR 235,400- 238,050 per tonne on December 21. NALCO links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which from December 21 to December 24, surged by US$152...
The European integrated aluminium producer in Romania, Alro stated that it has accomplished the acquisition of Vimetco Trading from its majority shareholder Vimetco PLC and its subsidiary, Vimetco Management Romanian, to become its sole owner. On 24 th December 2021, while filing a statement with the Bucharest Stock Exchange, BVB, Alro said the deal navigates the company to accomplish the integration of sales activities into the structure of the Alro Group. The accomplished transaction was assessed at the market value of Vimetco Trading, while it will empower Alro to upgrade its synergies between production and sales of finished products. Since 2008, Vimetco Trading has played the role of an agent without any representation of Alro in all worldwide markets of aluminium products. Alro, a...
Three-month LME aluminium opened at US$2,845 per tonne last Friday and closed at US$2,820 per tonne, a decrease of US$28 per tonne or 0.98 percent. LME aluminium cash (bid) price climbed up by US$28.5 per tonneor by 1.01 percent to stand at US$2,846 per tonne, as of Friday, December 24. LME aluminium official settlement price also went up by US$30 per tonne or by 1.06 percent to close at US$2,848 per tonne for the same day. 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. LME aluminium opening stock registered at 964175 tonnes. Live warrants and Cancelled warrants for the same day stood at 729150 tonnes...
On 6 th January 2022, the Indonesian state-owned company specialized in aluminium smelting, PT Indonesia Asahan Aluminum, commonly known as Inalum will be 46 years old. All it started with a joint venture between the Indonesian and Nippon Asahan Aluminium Co. Ltd., a consortium of Japanese companies with the status of Foreign Investment (PMA) in 1976, Inalum has blossomed rapidly to become the only aluminium smelter in Indonesia. However, on 19 th December 2013 witnessed an important moment, as Inalum was wholly owned by Indonesia with the status of a State-Owned Enterprise (BUMN) after the termination of the contract with a consortium of companies from Japan. Mahyaruddin Ende, Deputy Corporate Secretary, Inalum said: "We have several strategic projects from upstream to downstream and we...
Dear Readers, May our charm of readership remains glorified and hope we get to celebrate together many more Christmas in the coming years. While we are approaching the end of the year 2021 and getting ready to welcome 2022, we take this opportunity to share with you the top newsmakers of the industry in 2021. Bauxite Jamalco to initiate public offering (IPO) allowing Jamaicans to invest in the bauxite mining/alumina business company Dr Nigel Clarke, Jamaica's Minister of Finance and Public Service, said on 1 st December 2021 that Jamaicans may soon be able to participate in Jamalco, a bauxite mining/alumina firm, through an initial public offering (IPO). The Government of Jamaica is attempting to incorporate Jamalco and list the Government of Jamaica's 45% ownership in the company on the...
Several news in the primary aluminium industry have made round ups this week, but among them what has gained the most attention is China’s year-high aluminium imports within the 11 months of 2021, as limited domestic aluminium production due to power usage restrictions underpin demand for overseas metal. According to China customs data, arrivals of unwrought aluminium and products, including primary metals and unwrought, alloyed aluminium, recorded a 15-month peak at 397,915 tonnes in November. That was 34 per cent up month-on-month from 297,043 tonnes and 109.3 per cent higher on the year. Total imports in 11 months amounted to 2.97 million tonnes, beating the previous annual record of 2.7 million tonnes in 2020. To know more:...
According to the latest data revealed by the Indian Aluminium Institute (IAI), primary aluminium production in Africa stood at 131,000 tonnes in November 2021, down by 6,000 tonnes or 4.38 per cent from 137,000 tonnes in October. But the output in October saw a month-on-month rise of 5,000 tonnes or 3.79 per cent from 132,000 tonnes. On a year-on-year calculation, primary aluminium production in Africa during November 2021 stood up by 2,000 tonnes or 1.55 per cent from 129,000 tonnes. In the past three months, Africa churned out 400,000 tonnes of primary aluminium, only 1,000 tonnes less than 401,000 tonnes during June-August 2021. From January to November, primary aluminium output in Africa totalled 1.452 million tonnes, which reflected a downfall of 1.22 per cent from 1.470 million...
According to China customs data, the country’s prebaked anode exports soared by 63.3 per cent month-on-month to 234,100 tonnes in November 2021. On a year-on-year calculation, the exports stood even higher by 178.1 per cent, hitting the highest level in 2021. But amid the sharp hike in export volume, the average export price of China’s prebaked anode increased by only 2.08 per cent, far less than the rise in domestic benchmark price by RMB 440 per tonne in November. Shandong was the main exporter with the volume of 171,300 tonnes, accounting for 73 per cent of the total exports. Jiangsu exported 20,400 tonnes, accounting for about 9 per cent of the exports. Among the main importers, Malaysia ranked first with the import volume of 82,900 tonnes, accounting for about 36 per cent of the...
Norsk Hydro ASA, a Norwegian aluminium and renewable energy company, has reportedly planned for an investment of NOK60 million to upgrade the electrolysis cells at the aluminium plant in Ardal, Norway. The project will improve the working environment for the operators at the metal plant, reduce energy consumption and CO2 emissions, and contribute to increased profitability. Work on the upgrade is slated to start in the spring of 2022. The investment will also allow Hydro Ardal to use next-generation cell control system, developed from the technology used in Hydro’s technology pilot at Karmøy. New cell control system is expected to be introduced at the end of 2022, which will save energy of around 860 MWh annually. “The aluminum plant in Årdal is core to Hydro's Norwegian production...
LME aluminium opened at US$ 2,817.50 per tonne on Thursday and closed at US$2,850 per tonne, an increase of US$26 per tonne or 0.92 per cent. On Thursday, December 23, LME aluminium cash (bid) price and LME aluminium official settlement price continued to move up, although lower, by US$7 per tonne to stand at US$2,817.50 per tonne and US$2,818 per tonne, respectively. 3-month bid price and 3-month offer price for the same day stood at US$2,829 per tonne and US$2,830 per tonne, up by only US$1 per tonne from the previous day. December 22 bid price and December 22 offer price hovered around US$2,790 per tonne and US$2,795 per tonne. LME aluminium opening stock decreased to 968650 tonnes. Live warrants and Cancelled warrants totalled at 731500 tonnes and 237150 tonnes. LME aluminium 3-month...
On 22 nd December 2021, the official gazette of the government of the largest country in South America and Latin America, Brazil notified that it has sanctioned a duty-free import quota for non-alloyed aluminium of 350,000 tonnes for 2022. However, on 21 st December a conclusive decision was drawn by the executive management committee (Gecex) of Brazil’s foreign trade chamber (Camex), a part of the Ministry of Economy, Govt. of Brazil. Following the inflow of 350,000 tonnes of P1020 aluminium into the nation exhausting the duty-free import quota, the remaining import will be levied with a 5.4% import duty. In recent past, the Brazilian aluminium industry associates market participants overhear that the import quota could be as around 230,000-260,000 tonnes, as the overall anticipation was...
Primary aluminium inventories in China have continued to decrease by over 40,000 tonnes week-on-week as of Thursday, December 23. According to the Shanghai Metals Market, the inventories this week have shed by 46,000 tonnes to come in at 864,000 tonnes across the eight major Chinese consumption areas, including SHFE warrants. Last week on December 16, China’s primary aluminium inventories fell by 42,000 tonnes to stand at 910,000 tonnes. The chart below indicates the current status of primary aluminium inventories across China in more details: In Wuxi, primary aluminium inventories have plunged by 28,000 tonnes this week to come in at 326,000 tonnes, while the inventories in Nanhai have decreased by 14,000 tonnes to settle at 197,000 tonnes as of December 23. In Hangzhou, primary...
