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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Hindalco Industries Limited increased its aluminium ingot and aluminium products prices with effect from Wednesday, December 22, after a cut on the previous day. Hindalco’s aluminium ingot price came in at INR 238,250 per tonne on December 22 after being grown by INR 3,000 per tonne from INR 235,250 per tonne on December 21. The price on December 21 was cut by INR 4,500 per tonne from December 18. The hike on December 22 brought Hindalco’s aluminium wire rod price to INR 249,350 per tonne, meaning the price saw an increase of INR 3,000 per tonne from INR 246,350 per tonne on December 21. Hindalco’s aluminium billets price stood at INR 252,350 per tonne as of December 22, in comparison with INR 249,350 per tonne on the previous day. Hindalco links its aluminium ingot and aluminium products...
According to a labour union spokesman, Aluminium Dunkerque Industries France has reduced metal output in the last two weeks due to a rise in power rates. According to union official Laurent Geeraert, the reductions correspond to around 3% of Aluminium Dunkerque's manufacturing capacity. Since the beginning of November, the plant has lost nearly 20 million euros ($22.6 million), and more curtailments may be necessary if electricity prices continue high, he added. The cuts were verified by a second source familiar with the activities. While aluminium prices have increased by more than 40% this year, and demand for the plant's goods is increasing, profitability has been undercut by a significantly higher increase in electricity rates in recent weeks. The electricity needed to create one...
PT Adaro Energy based in Indonesia signed a letter of intent this week to invest in a smelter project to be developed at the Green Industrial Park Indonesia in North Kalimantan province. Adaro Energy, an Indonesian coal business, said in a statement on Thursday that it aims to build a $728 million aluminium smelter in a new industrial zone on Borneo Island. According to a release, Adaro ENergy signed a letter of intent this week to invest in a smelter project to be developed at the Green Industrial Park Indonesia in North Kalimantan province. The new estate is being developed by PT Kalimantan Industrial Park Indonesia, a group managed by Adaro's President Director Garibaldi Thohir. The park has been designated as "green" by the government owing to a proposal to power industrial activity...
A00 aluminium ingot price in China has jumped by RMB 510 per tonne on Thursday, December 23, marking hike for the second consecutive day after an intermitted decline on December 21. According to the Shanghai Metals Market, the growth today has again sent the primary aluminium ingot price to above RMB 20,000 per tonne. With average prices to range between RMB 20,050-20,090 per tonne, A00 aluminium ingot price is standing at RMB 20,070 per tonne as of December 23. The spot contract is likely to be traded at a premium price of RMB 180-140 per tonne. In Tianjin, A00 aluminium ingot price has expanded sharply by RMB 540 per tonne to RMB 20,030 per tonne, while the price in Foshan and Shenyang has hiked by RMB 520 per tonne to RMB 20,170 per tonne and RMB 20,020 per tonne, respectively. In...
LME aluminium opened at US$2,760 per tonne on Wednesday and closed at US$2,822 per tonne, an increase of US$53.5 per tonne or 1.93 percent. On Wednesday, December 22, LME aluminium cash (bid) price surged by US$115.5 per tonne or by 4.28 percent to clock at US$2,810.50 per tonne. LME aluminium official settlement price escalated by US$115 per tonne or by 4.26 percent to stand at US$2,811 per tonne. 3-month bid price and 3-month offer price for the same day stood at US$2,828 per tonne and US$2,829 per tonne. December 22 bid price and December 22 offer price registered at US$2,798 per tonne and US$2,803 per tonne. LME aluminium opening stock was recorded at 970425 tonnes. Live warrants and Cancelled warrants totalled at 754300 tonnes and 216125 tonnes. LME aluminium 3-month Asian Reference...
The President of the trade union within Alro Slatina, Constantin Popescu stated that integrated aluminium producer, Alro has initiated a program of a complete shutdown of the production activity due to the surge in electricity prices. Alro remains one of the biggest aluminium companies of Romania and also the largest producers in continental Europe excluding Russia and the Scandinavian Peninsula. Alro Slatina is also a substantial energy consumer of Romania. However, it has been reported that the aluminium smelter has already commenced the closedown procedure, as it has planned to slash down 60% of the production during the first phase. Constantin Popescu commented: "We are facing exorbitant prices in the energy market and a lack of energy in the market. We have already started the...
On Wednesday, December 22, the average alumina spot price in China has remained restrained to stand at RMB 2,818 per tonne, found the Shanghai Metals Market. The average alumina price in Shandong and Henan has also remained the same to come in at RMB 2,915 per tonne and RMB 2,815 per tonne, for the same day. On the other hand in provinces like Shanxi, Guizhou, and Guangxi the price has stood the same as well. The price has been recorded at RMB 2,815 per tonne, RMB 2,850 per tonne and RMB 2,735 per tonne. In Lianyungang and Bayuquan also the price has stood the same at RMB 2,925 per tonne and RMB 2,975 per tonne. The Australian alumina FOB price has remained the same to clock in at RMB 345 per tonne. The price of A00 aluminium ingot has surged by RMB 140 per tonne to register at RMB 19,560...
On 21 st December 2021, the state-owned power transmission system operator of Montenegro, Crnogorski Elektroprenosni Sistem (CGES) said that it will disconnect aluminium smelter KAP from the grid on 31 st December 2021. CGES stated in a notice that they have sent to the owner of the smelter, Uniprom: “Following the applicable regulations, if the contract for the supply of power to KAP in 2022 is not signed by December 25, we will be obliged to issue an order to completely suspend the delivery of electricity via the transmission system on December 31.” “Uniprom is not entitled to any compensation by CGES based on possible damage to the technological process at KAP caused by the suspension of power supply to the electrolytic cells at the aluminium smelter” highlighted by the power...
On Tuesday, December 21, LME aluminium cash (bid) price hiked by US$50 per tonne or by 1.89 percent, while LME aluminium official settlement price for the same day soared up by US$50.5 per tonne or by 1.90 percent, respectively. The prices stood at US$2,695 per tonne for LME aluminium cash (bid) and US$2,696 per tonne for LME aluminium official settlement price. 3-month bid price and 3-month offer price for the same day closed at US$2,714 per tonne and US$2,716 per tonne. December 22 bid price and December 22 offer price totalled at US$2,698 per tonne and US$2,703 per tonne. LME aluminium opening stock stood at 971600 tonnes. Live warrants and Cancelled warrants was recorded at 754300 tonnes and 217300 tonnes. LME aluminium 3-month Asian Reference Price registered at US$2,686.63 per...
The leading aluminium producer of India, Vedanta’s aluminium smelter expansion plan in Jharsuguda has been obstructed by Odisha High Court on the environment clearance grounds. The mining and metal company based in India is projected to augment its annual production capacity from 16 lakh MT to 18 lakh MT and captive power plant (CPP) capacity to 1,215 megawatts and for this reason, the land required to be acquired in Brundamal, Katikela, Purna and Kurebaga. However, the land acquisition procedure has been intertwined in a legal dispute over the public hearing for the project. Although, the Odisha State Pollution Control Board has held a public hearing to hear the grievances of the people to be impacted in regards to the expansion of the aluminium smelter, as the disputes were raised over...
National Aluminium Company Limited has increased its aluminium ingot and aluminium products prices, with effect from Tuesday, December 21, since the last hike of INR 3,000 per tonne on December 10. With the latest hike, NALCO’s aluminium ingot price has come in at INR 231,950- 235,450 per tonne, up by INR 2,700 per tonne or 1.18 per cent from INR 229,250- 232,750 per tonne on December 10. NALCO’s aluminium wire rod price is now ranging between INR 234,450-238,800 per tonne, compared to INR 231,750- 236,100 per tonne on December 10. Aluminium billets price has also seen a rise of INR 2,700 per tonne from INR 232,700- 235,350 per tonne on December 10 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...
In November 2021, the global primary aluminium production stood at 5.497 million tonnes, a decrease of 3.37 per cent from 5.689 million tonnes in October. On a year-on-year calculation too, the output stood down, although marginally, by 0.20 per cent than 5.508 million tonnes. In three month time (September-November), the world primary aluminium output totalled 16.667 million tonnes, up by 0.79 per cent from 16.537 million tonnes during the same period last year. From January to November, total production of primary aluminium across the world amounted to 61.792 million tonnes, an increase of 3.63 per cent from 59.629 million tonnes a year ago. China, the world’s largest primary aluminium producer, churned out 3.160 million tonnes of the metal in November, which reflected a month-on-month...
On Monday, December 20, Aluminum Mini Futures dropped by -2 percent to stand at 216.15 as the COVID-19 pandemic scenario remained depressing, and the omicron version was discovered in many locations, which alarmed the market. Aluminium supply remained low, and strong downstream demand continued to push down societal inventories of aluminium ingots. SHFE aluminium, on the other hand, has lost its upside momentum due to a slowing drop in aluminium ingot inventories and declining alumina prices. The International Aluminium Institute (IAI) reported that global primary aluminium output declined 0.22 percent year-on-year in November to 5.497 million tonnes. According to the IAI, Chinese output fell to 3.16 million tonnes in November 2021 from 3.207 million the previous month. China's aluminium...
After the two consecutive days of hike on December 17 and 20, A00 aluminium ingot price in China has plunged by RMB 160 per tonne to stand at RMB 19,420 per tonne on Tuesday, December 21, found the Shanghai Metals Market. The average prices are expected to range between RMB 19,400 per tonne and RMB 19,440 per tonne, with spot contract to be traded at a premium price of RMB 140-100 per tonne. In Chongqing, the primary aluminium ingot price has nosedived by RMB 200 per tonne to stand at RMB 19,460 per tonne, while the price in Hangzhou has shrunk by RMB 175 per tonne to come in at RMB 19,415 per tonne. In Gongyi, Wuxi, and Shenyang, A00 aluminium ingot price has decreased by RMB 170 per tonne to peg at RMB 19,420 per tonne, RMB 19,410 per tonne, and RMB 19,380 per tonne, respectively. In...
On Monday, December 20, LME aluminium cash (bid) price moved down by US$47 per tonne or 1.74 percent to stand at US$2,645 per tonne. LME aluminium official settlement price on the other hand dropped down by US$48.5 or by 1.80 percent to come in at US$2,645.50 per tonne, for the same day. 3-month bid price and 3-month offer price was recorded at US$2,674 per tonne and US$2,675 per tonne. December 22 bid price and December 22 offer price stood at US$2,655 per tonne and US$2,660 per tonne. LME aluminium opening stock closed at 975825 tonnes. Live warrants and cancelled warrant closed at 754300 tonnes and 221525 tonnes. LME aluminium 3-month Asian Reference Price settled at US$2,694.50 per tonne. SHFE Aluminium Price Trend On Tuesday, December 21, the benchmark aluminium price for SHFE...
China’s aluminium imports have already recorded a year high within 11 months (January-November) 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. China, the world’s top aluminium producer of aluminium and a net exporter of the metal, has been importing unprecedented volume of the metal since market recovery from...
LME aluminium opened at US$2,676 per tonne last Friday and closed at US$2,733.50 per tonne, an increase of US$52.5 per tonne or 1.96 per cent. On Friday, December 17, LME aluminium cash (bid) price and LME aluminium official settlement price soared by US$64 per tonne or 2.4 percent to come in at US$2,692 per tonne and US$2,694 per tonne, respectively. 3-month bid price and 3-month offer price jumped by US$66 per tonne to US$2,710 per tonne and US$2,711 per tonne. December 22 bid price and December 22 offer price hovered around US$2,695 per tonne and US$2,700 per tonne, up by US$57 per tonne from the previous day. LME aluminium opening stock registered at 979600 tonnes. Live warrants and Cancelled Warrants were found 821350 tonnes and 158250 tonnes, respectively. LME aluminium 3-month...
The Indian multinational conglomerate, headquartered in Ahmedabad, Gujrat, Adani Group, led by billionaire businessman Gautam Adani is all set to invade into the business of establishing up an aluminium smelter and alumina refinery. On 18 th December 2021, the flagship company of Adani Group, Adani Enterprises declared that it has engulfed a wholly-owned subsidiary Mundra Aluminium Limited on 17 th December 2021. However, the company notified during an exchange filing that Mundra Aluminium, which is yet to begin its business operations, has authorised and paid-up share capital of INR 100,000. The filing further revealed: "Mundra Aluminium Limited is incorporated with the object to venture into the business of setting up alumina refinery and an aluminium smelter.” “Mundra Aluminium is...
