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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A00 aluminium ingot price has plunged by RMB 80 per tonne to halt at RMB 18,630 per tonne, as the Shanghai Metals Market recorded on Wednesday, September 14. The average prices are expected to range between RMB 18,610 per tonne and RMB 18,650 per tonne, with spot contracts trading at discount prices of RMB 50 per tonne and RMB 10 per tonne. The provinces in China have witnessed a downfall in aluminium prices today, with A00 aluminium ingot prices decreasing the highest in Wuxi and Hangzhou by RMB 70 per tonne to RMB 18,620 per tonne and RMB 18,660 per tonne, followed by RMB 60 per tonne slump in Foshan and Chongqing to RMB 18,590 per tonne and RMB 18,660 per tonne. The price of aluminium in Tianjin has recorded an RMB 50 per tonne drop to settle at RMB 18,680 per tonne. The aluminium...
LME aluminium opened at US$2,298 per tonne on Tuesday and closed at US$2,306 per tonne, up 1.03 per cent. On Tuesday, September 13, both LME aluminium cash bid price and LME aluminium official settlement price increased by US$21 per tonne or 0.91 per cent to close at US$2,309 per tonne and US$2,309.50 per tonne. 3-month bid price and 3-month offer price went up by US$16 per tonne or 0.69 per cent and US$17 per tonne or 0.73 per cent, to rest at US$2,325 per tonne and US$2,326.50 per tonne. December 23 bid price and December 23 offer price surged by US$63 per tonne or 2.68 per cent and 2.67 per cent to stop at US$2,410 per tonne and US$2,415 per tonne. LME aluminium opening stock closed at 332900 tonnes. Live warrants and Cancelled warrants were recorded at 258775 tonnes and 74125 tonnes....
EGA, the largest industrial company in the United Arab Emirates, excluding the oil and gas sector, honoured the arrival of the Ambassador of the People's Republic of China, Zhang Yiming, to the company's Jebel Ali site in Dubai, UAE. The Managing Director of EGA, Abdulla Jassem Kalban, hosted the Ambassador and his associates. Emirates Global Aluminium exports the raw material for aluminium making to China, which is bauxite. China is the largest single market for EGA's bauxite that it ships to China from its mining operation in the Republic of Guinea. Only the previous year, EGA secured a US$616 million worth of goods and services deal from fifty-five different companies hailing from all across China. The Chinese Ambassador, Yiming, sounded positive when he said: "I am very pleased to see...
Rising energy prices continue to affect China. As per the reports, Yunnan, a province in southwest China instructed aluminium producers to use less energy this week. Although local prices have not been significantly affected, Yunnan's move indicates that rising energy prices greatly influence the production of aluminium throughout the world. Reports stated that from September 13 to September 14, the aluminium producers were ordered to reduce their energy use by around 10 per cent of their everyday consumption. Following a directive from the Dali Power Supply Bureau, a division of the Yunnan Power Grid, the enterprises already reduced their power usage from September 10 to September 12 by 5 per cent compared to regular use. Low rainfall in the area this year, which generally accounts for...
Vedanta, the leading manufacturer of aluminium in India, has appointed Dilip Sinha as the new chief human resources officer (CHRO). In his new position, Sinha, who has 24 years of extensive expertise in human resource management, will oversee all aspects of HR for Vendanta's aluminium company. Vedanta Aluminium operates one of the world’s leading single largest aluminium smelters in Jharsuguda, Odisha. “I’m happy to share that I’m starting a new position as chief human resources officer at Vedanta Ltd,” said Sinha. Dilip Sinha has a lot of experience developing and benchmarking operational best practices, competence profiling and mapping procedures, among other processes, to concentrate on developing skills to satisfy the organization's present and future objectives and purpose. He...
According to the Shanghai Metals Market, social inventories of primary aluminium across China’s eight major consumption areas, including SHFE warrants, accumulated 24,000 tonnes over the extended weekend ending Tuesday, September 13. Thus, as per the data, the inventories have totalled 696,000 tonnes, up by 15,000 tonnes week-on-week from 681,000 tonnes. The increase in inventories over the weekend was mainly contributed by Wuxi, Nanhai, and Gongyi, as cargoes arrivals rose during the holidays, while the pickup slowed down. The chart below indicates the current status of inventories across China in more details: In Nanhai and Wuxi, primary aluminium inventories built-up by 7,000 tonnes and 5,000 tonnes, respectively, to stand at 173,000 tonnes and 217,000 tonnes as of September 13, found...
LME aluminium opened at US$2,289 per tonne on Monday and closed at US$2,290 per tonne. LME aluminium cash bid price and LME aluminium official settlement price both witnessed an US$8.50 per tonne or 0.37 per cent hike to rest at US$2,288 per tonne and US$2,288.50 per tonne on Monday, September 12. 3-month bid price ascended by 0.87 per cent or US$20 per tonne to stand at US$2,309 per tonne, while the 3-month offer price witnessed a spike of US$19.50 per tonne or 0.85 per cent closing at US$2,309.50 per tonne. December 23 bid price and December 23 offer price gained 1.05 per cent or US$25 per tonne stopping at US$2,347 per tonne and US$2,352 per tonne, respectively. LME aluminium opening stock continued to decline by 0.27 per cent or 900 tonnes, from 335,275 tonnes to 334,375 tonnes as of...
Vedanta Limited back-to-back increased its aluminium ingot and aluminium products prices, with effect from Saturday, September 10. The company expanded its aluminium ingot price by INR 2,000 per tonne or 1 per cent to INR 210,500-240,000 per tonne. On September 9, the price stood at INR 208,500-238,000 per tonne, seeing a growth of INR 1,500 per tonne from September 8. Vedanta’s aluminium billets price also saw an increase of INR 2,000 per tonne on September 10 to INR 219,500 per tonne, following a rise of INR 1,500 per tonne on the previous day to INR 217,000 per tonne. With the latest rise, the company’s aluminium wire rod price came in at INR 218,000-225,500 per tonne, also up by INR 2,000 per tonne from INR 216,000-223,500 per tonne. Vedanta back-to-back expanded its aluminium ingot...
The HAL5000 pot control system is designed by the technology community at Ardal, providing more efficient control of aluminium production. As a result of upgrading electrolysis cells, the technology contributes to increased production, reduced electricity consumption, and lower CO2 emissions. Approximately six million Norwegian kroner will be saved every year as a result. Wenche Eldegard, the Plant Manager at Hydro Årdal, said, "It is inspiring that Hydro Årdal has the ability to make the production of a critically important material even better. Through this investment, we reduce electricity use equivalent to the consumption of over 400 households in Norway and CO2 emissions by 1,500 tonnes. The technology can be used at additional plants and significantly improves efficiency." The pot...
The President of the Free Aluminum Union within Alro Slatina, Constantin Popescu stated that it is possible that Romanian aluminium producer Alro Slatina will cease operations by May 2023. Alro runs its operations with around 2000 employees. He referred to high energy prices as the primary cause of the closure. A number of aluminium facilities in Europe have been affected by high energy prices; some have lowered their production capacity, while others have shut down. On 9th September 2022, more than 100 trade unionists from the company picketed in front of the Ministry of Energy, demanding Virgil Popescu resign because they believed he was responsible for the factory's problems. Currently, only two out of five electrolysis units are functionalizing at Alro. According to trade union...
On Tuesday, September 13, the A00 aluminium ingot price in China went down by RMB 90 per tonne to settle at RMB 18,710 per tonne, with the average prices ranging between RMB 18,690 per tonne and RMB 18,730 per tonne. The spot contract will likely be traded at a discount price of RMB 60 to RMB 20 per tonne. The price in Foshan and Gongyi has descended by RMB 120 per tonne and RMB 110 per tonne to close at RMB 18,650 per tonne and RMB 18,590 per tonne. On the same day, in Hangzhou and Chongqing, the A00 aluminium ingot price decreased by RMB 100 per tonne to close at RMB 18,730 per tonne and RMB 18,720 per tonne. As per the SMM data, the price in Wuxi and Shenyang has slumped by RMB 90 per tonne to halt at RMB 18,690 per tonne, respectively. In Linyi, the aluminium ingot price also...
Egyptalum has plotted to outsource 65 per cent of its restoration cost, valued at US$200 million, from Saudi Arabia’s Public Investment Fund (PIF). Out of the total US$300 million, the above initial investment will help the factory to stand on its own feet, producing gladly for the upcoming 20 years. Arabia’s PIF previously had a plan to invest in Eqyptalum as a strategic investor contributing vehemently to increasing the company’s capital. With this new investment, the Egyptian aluminium head will enhance its current production capacity by accumulating 320,000 tonnes annually. The head of the Metallurgical Industries Holding Company, Mohamed El-Saadawi, exclaimed that one of the Arab sovereign funds has vouched for contribution to heighten the capital of Egyptalum. In order to keep a...
Boeing declared that it has stopped buying aluminium from Vladimir’s Russia due to the ongoing crisis in Russia and Ukraine. This is the second time Boeing has halted its sourcing of crucial materials from Russia. The company was positive about sourcing aluminium for its components from all around the world, in fact, the USA. Boeing shut down all the Russian offices after curtailing the supply of aluminium components and spare parts to Russia-based Boeing planes, as a reply to Putin’s aggressive invasion of Ukraine. The company in a statement claimed: “Boeing suspended purchasing aluminium from Russia in March, as we suspended major operations in Russia.” Among other non-cooperative measures, the company has also refrained from buying titanium from the Russian metals head VSMPO-AVISMA....
The first phase of PT Adaro Energy Indonesia Tbk's aluminium smelter in North Kalimantan will operate commercially in Q1 2025 with a capacity of 500,000 tonnes. Adaro is Indonesia's second-largest coal miner by production volume and most significant by market capitalization. Adaro strives to seize opportunities in the green economic sector, as it has taken several steps to take this opportunity. The Indonesian Green Industrial Estate in North Kalimantan will be the world's most significant green industrial area. Adaro is exploring a green economy by constructing an aluminium smelter in the industrial area of North Kalimantan. The smelter will have a production potential of up to 1.5 million tonnes annually. Mahardika Putranto H., the GM, Corporate Secretary and ESG Division Head at...
Hindalco Industries, India's leading aluminium producer, has begun generating electricity from a 25 MW solar plant in Singrauli, Madhya Pradesh, in addition to a captive power plant (CPP) at its Mahan facilities. As part of the ceremony, Mahan Aluminium's President, Senthil Nath, inaugurated the solar facility. Senthil Nath said, "The plant would generate 550 million units of electricity, reducing the consumption of 35,000 tonnes of coal and bringing down carbon emissions by 52,000 tonnes. The company aimed to increase the power generation capacity of the solar plant. Hindalco would use this power for internal needs and aluminium production." The President has been accompanied by Biswanath Mukherjee, the Senior Vice President and Human Resource Head, S Shashi Kumar, the head of Mahan...
On Friday, September 9, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$24 per tonne or 1.06 per cent to settle at US$2,279.50 per tonne and US$2,280 per tonne. 3-month bid price and 3-month offer price grew by US$22 per tonne or 0.97 per cent to rest at US$2,289 per tonne and US$2,290 per tonne. December 23 bid price and December 23 offer price gained US$25 per tonne or 1.06 per cent to peg at US$2,372 per tonne and US$2,377 per tonne. LME aluminium opening stock came in at 335275 tonnes. Live warrants and Cancelled warrants closed at 256900 tonnes and 78375 tonnes, respectively. LME aluminium 3-month Asian Reference Price expanded by US$57.49 per tonne or 2.52 per cent to record at US$2,330.63 per tonne. SHFE aluminium price The SHFE market is...
We hear it often to a point that we may find it overused. However, we are immersed in innovations. Innovation is, by definition, a new idea, product, method that benefits people and generates growth. It is all about solving problems. At EPIQ Machinery, what we see are occasions for improvement. Some can be challenging, but it is the fuel that keeps us moving as we have a passion for challenges. According to Greg Satell, international keynote speaker, adviser and bestselling author, there are 4 types of innovations: Sustaining innovation, Breakthrough innovation, Basic Research, and Disruptive innovation. We like to think that we must have a blend of all types to bring balance. Sustaining Innovation: making it better everyday EPIQ Machinery's goal is to become the leader in providing...
Amidst the geopolitical and the Energy crisis in Europe, Russia has cancelled the start of its gas supply at the Nord Stream 1 after apparently citing an oil leak in the turbine. This will thrust the entire energy-based economy into a completely dark zone, and disputes have already started taking place between big companies like Gazprom and Siemens Energy, with Europe under the fear of an industrial breakdown. LME benchmark aluminium price began the week of September 5 with an US$18.50 per tonne slump resting at US$2,290.50 per tonne and had downward luck all week with prices gradually declining. On September 9, there was, however, a sudden US$24 per tonne boost, with the official aluminium price docking at US$2,280 per tonne, experiencing a 0.46 per cent drop overall this week. SHFE...
