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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One of the major highlights that grabbed the attention of the primary aluminium industry this week was the written recommendation by India’s ministry of mines for the raise of import tariff on primary aluminium products. Early this week, the ministry of mines recommended the ministry of finance to increase the tariff from the existing 7.5 per cent to 10 per cent, in a bid to discourage cheap imports of primary aluminium into the country and ramp-up the use of domestic metal. To know more: https://www.alcircle.com/news/india-ministry-of-mines-recommend-additional-10-import-duty-on-primary-aluminium-products-73131 The other news that created a buzz was the World Bureau of Metal Statistics (WBMS) report, which revealed a shortage of 1.366 million tonnes of global primary aluminium supply...
Rusal, a leading global producer of aluminium, has reportedly commenced the operation of the first phase of the world’s most advanced low-carbon aluminium production plant Taishet Aluminium Smelter (TaAZ) in Taishet, Siberia. This represents Rusal’s commitment to decarbonize its operations and consumer products chains. The news came after the smelter’s opening ceremony on December 17, attended by the representative of the President of the Russian Federation in the Siberian Federal District Anatoly Seryshev, Deputy Prime Minister of the Russian Federation Victoria Abramchenko, Governor of the Irkutsk Region Igor Kobzev, and the General Director of RUSAL Evgenii Nikitin. The smelter is considered one of the greenest in the world, run on clean energy from Siberian hydroelectric power plants....
The World Bureau of Metal Statistics (WBMS) released a report on Wednesday, December 15, revealing the shortage of 1.366 million tonnes of global primary aluminium supply from January to October 2021, in contrast to the metal surplus of 1.271 million tonnes in 2020. The global demand for primary aluminium from January to October 2021 totalled 57.62 million tonnes, an increase of 4.42 million tonnes a year ago. Demand is measured by apparent data, and the nationwide blockade may affect trade statistics. Primary aluminium demand in Japan grew by 265,000 tonnes, while that in the United States increased by 112,000 tonnes. The global production of primary aluminium rose 4.1 per cent during January-October compared to the same period last year. As a result, inventory at the end of October was...
LME aluminium opened at US$2,605 per tonne on Thursday and closed at US$2,690.5 per tonne, an increase of US$80 per tonne or 3.08 percent. On Thursday, December 16, LME aluminium cash (bid) price hiked by US$32 per tonne or by 1.23 percent to close in at US$2,628 per tonne. LME aluminium official settlement price also levelled up by US$33 per tonne or by 1.27 percent to come in at US$2,630 per tonne. 3-month bid price and 3-month offer price totalled at US$2,644 per tonne and US$2,645 per tonne for the same day. December 22 bid price and December 22 offer price was recorded at US$2,638 per tonne and US$2,643 per tonne. LME aluminium opening stock registered at 984650 tonnes. Live warrants and cancelled warrant for the same day was found out to be 849025 tonnes and 135625 tonnes,...
Social inventories of primary aluminium in China have extended the fall this week to stand at 910,000 tonnes, as of December 16, found the Shanghai Metals Market. SMM data shows the inventories have plunged today by 42,000 tonnes across eight major consumption areas, including SHFE warrants, contributed mainly by Wuxi. A week ago, on December 9, primary aluminium inventories stood at 952,000 tonnes after being decreased by 50,000 tonnes week-on-week. The chart below indicates the current status of primary aluminium inventories across China in more detail: In Wuxi, primary aluminium inventories have plummeted by 24,000 tonnes from the previous week to stand at 354,000 tonnes, while the inventories in Nanhai have declined by 9,000 tonnes to settle at 211,000 tonnes. In Hangzhou and...
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices back-to-back, with effect from Thursday, December 16. After a cut of INR 2,750 per tonne on December 15, Hindalco’s aluminium ingot price sees another slash of the same amount on December 16 to stand at INR 231,500 per tonne. On December 15, the company’s aluminium ingot price stood at INR 234,250 per tonne compared to INR 237,000 per tonne on the previous day. Hindalco’s aluminium wire rod price has also been shrunk by INR 2,750 per tonne on December 16 from INR 245,350 per tonne to INR 242,600 per tonne. The latest cut has brought the aluminium billets price to INR 245,600 per tonne, which is down by INR 2,750 per tonne as well from INR 248,350 per tonne. Hindalco Industries has back-to-back cut...
On 15 th December 2021, Mubadala Investment Company backed Emirates Global Aluminium (EGA) publicized that Chief Commercial Officer and architect of the marketing strategy that made EGA the biggest ‘premium aluminium’ producer in the world, Walid Al Attar is to step down after 37 years of service to the company. However, Walid Al Attar will pursue to deliver his expertise as a senior advisor to EGA’s Chief Executive Officer Abdulnasser Bin Kalban. The Chief Marketing Officer since February 2021, Adel Abubakar will now directly report to the CEO of EGA. Adel Abubakar has been associated with EGA since 2006, which comprised working for almost a decade in the United States, developing the aluminium company’s North American business. The CMO will also shoulder the responsibility for EGA’s...
Three-month LME aluminium opened at US$2,630 per tonne on Wednesday, December 15, and closed at US$2,601 per tonne, down $21 per tonne or 0.8 per cent. On Wednesday, December 15, LME aluminium cash (bid) price and LME aluminium official settlement price decreased for the second day in a row this week by US$39 per tonne to stand at US$2,596 per tonne and US$2,597 per tonne, respectively. 3-month bid price and 3-month offer price slipped US$40.50 per tonne and US$41 per tonne to hover around US$2,589.50 per tonne and US$2,590 per tonne. December 22 bid price closed at US$2,583 per tonne and December 22 offer price settled at US$2,588 per tonne. LME aluminium opening stock increased to 990550 tonnes. Live warrants hiked to 861800 tonnes but Cancelled Warrants dropped to 128750 tonnes. LME...
The integrated electricity company located in Niksić, Montenegro Elektroprivreda Crne Gore (EPCG) stated that the government has the power to decide whether the company should take charge of the production at KAP aluminium smelter owned by Montenegro's Uniprom. The majority state-owned power supplier EPCG on 13 th December 2021 said it is not registered for aluminium production, so the decision of regardless to accept the proposal of Uniprom should be formulated by the majority shareholder. On 11 th December, Uniprom proposed to EPCG to take charge of the production at KAP smelter gratis for a year commencing from 1 st January 2022 to evade the facility’s shut down due to a hostile energy price, which EPCG has tendered to be effective in early 2022. EPCG said: "The board of directors...
Hydro is nearing to give shape to its new sustainability ambition, announcing to most likely deliver the first commercial volumes of near-zero carbon aluminium in 2022. This will be an initial step to its continuing efforts towards an industrial-scale pilot producing carbon-free aluminium by 2030. Hydro says that it will deliver the first commercial volumes of aluminium with 0.5-1 kg CO2/kg aluminium, which will come from the use of more recycled post-consumer aluminium scrap, a significant improvement from the current 2.3 kg CO2/kg aluminium in Hydro CIRCAL extrusion ingot. President and CEO Hilde Merete Aasheim said, “The world needs a green transition to fight climate change. This is both our most important challenge and our biggest opportunity. The world must reduce its carbon...
On Tuesday, December 14, Vedanta Aluminium Business launched its Sustainable Development Report (SDR) titled, ‘Nature, Nurture, Future’, for FY 2020-21. Vedanta Aluminium Business, a part of Vedanta Limited, is India's largest aluminium maker, generating more than half of the country's aluminium, or 1.97 million tonnes in FY21. The report was launched on World Energy Conservation Day in the campus connect programme with TERI School of Advanced Studies. The programme was attended by students, alumni and faculty from TERI SAS. The report summarises the company's performance in key sustainability areas such as energy and climate change management, water management, biodiversity management, air quality and emissions control, health and safety, social impact and governance, and so on for the...
LME aluminium opened at US$2,655 per tonne last night and closed at US$2,622 per tonne, down 1.35 percent or $36 per tonne. On Tuesday, December 14, LME aluminium cash (bid) price stood at US$2,635 per tonne, after descending by US$40 per tonne or by 1.49 percent. LME aluminium official settlement price also moved down by US$41 per tonne or by 1.53 percent to close at US$2,636 per tonne. Prices of aluminium dipped on Tuesday as stockpiles in London Metal Exchange-registered warehouses increased, although losses were capped by strong demand and predicted restricted supply in major producer China. On the other hand, 3-month bid price and 3-month offer for the same day was recorded at US$2,630 per tonne and US$2,631 per tonne, respectively. December 22 bid price closed at US$2,623 per tonne...
India’s ministry of mines has reportedly recommended the ministry of finance to raise the import tariff on primary aluminium products, such as ingots and billets, from the existing 7.5 per cent to 10 per cent. The news came after industry sources said on Friday, December 10. “Earlier this week, private players of the domestic aluminium industry have approached the finance ministry for an import duty hike via the ministry of mines,” sources close to the development told Business Standard. As per the report, this recommendation has been made to discourage cheap imports of primary aluminium into the country and ramp-up the use of domestic metal. The top three aluminium producers in India like Hindalco Industries, Anil-Agarwal-led Vedanta Limited and National Aluminium Company (NALCO) are...
LME aluminium opened at US$2,612 per tonne last night and closed at US$2,662.50 per tonne, up 1.8 per cent. On Monday, December 13, LME aluminium cash (bid) price surged by US$51 per tonne or 1.94 per cent to stand at US$2,675 per tonne, while LME aluminium official settlement price came in at US$2,677 per tonne by climbing US$52 per tonne. 3-month bid price and 3-month offer price built-up by US$33.50 per tonne and US$32 per tonne to settle at US$2,650.50 per tonne and US$2,651 per tonne, respectively. December 22 bid price and December 22 offer price closed higher at US$2,643 per tonne and US$2,648 per tonne. LME aluminium opening stock decreased to 909650 tonnes. Live warrants increased to 742325 tonnes but Cancelled Warrants declined to 167325 tonnes. LME aluminium 3-month Asian...
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium products prices, with effect from Friday, December 10, following a cut on December 7. The company, under the ownership of Ministry of Mines, has raised its aluminium ingot price by INR 3,000 per tonne or 1.33 per cent to INR 229,250- 232,750 per tonne. On December 7, the product price stood at INR 226,250-229,750 per tonne, down by INR 5,600 per tonne from the previous day. NALCO’s aluminium wire rod price has also seen an increase of INR 3,000 per tonne from INR 228,750- 233,100 per tonne on December 7 to INR 231,750- 236,100 per tonne on December 10. Aluminium billets price has come in at INR 232,700- 235,350 per tonne, compared to INR 229,700- 232,350 per tonne on the previous day. NALCO links...
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On Thursday, December 9, 2021, Shaikh Daij bin Salman bin Daij Al Khalifa, Chairman of the Board of Directors of Aluminium Bahrain B.S.C (Alba), announced the commissioning of Alba's Spent Pot Lining (SPL) Treatment Plant, a US$37.5 million zero-waste plant that is the first of its kind in the region. The commissioning event was attended by Alba's Chief Executive Officer Ali Al Baqali, Chief Operations Officer Dr. Abdulla Habib, and the Executive Management team. “Bahrain, and Alba, have set many firsts in the Region - with the commissioning of the SPL Treatment Plant, we are proud to have once again set the benchmark in sustainability by transforming the Spent Pot Lining into value-added products. As ESG is our only way forward, we have proudly established this one-of-a-kind Project, and...
LME aluminium opened at US$2,625 per tonne last Friday and closed at US$2,611 per tonne, down US$16 per tonne or 0.61 percent. On Friday, December 10, LME aluminium cash (bid) price dipped by US$6 per tonne or by 0.22 percent to stand at US$2,624 per tonne. For the same day, LME aluminium official settlement price also dropped by US$6 or by 0.20 percent to peg at US$2,625 per tonne. 3-month bid price and 3-month offer price registered at US$2,617 per tonne and US$2,619 per tonne, respectively. December 22 bid price and December 22 offer price closed at US$2,610 per tonne and US$2,615 per tonne. LME aluminium opening stock settled at 913200 tonnes. Live warrants for the same day were recorded at 741050 tonnes and cancelled warrant for the same day registered at 172150 tonnes. LME aluminium...
The global primary aluminium industry this week saw a few major updates such as the appointment of Sayed Salah Sayed Aqeel by the first aluminium smelter in the Gulf region Aluminium Bahrain B.S.C (Alba) as a new Acting Manager for Environment, Social and Governance (ESG). To strengthen Alba’s ESG transformation drive, Sayed Salah will report directly to the CEO and spearhead Alba’s soon-to-be-announced Sustainability Fully-Fledged Roadmap. To know more: https://www.alcircle.com/news/albas-esg-transformation-drive-strengthened-with-the-appointment-of-new-acting-manager-sayed-salah-73051 Rusal this week announced that the company's trademark, low carbon aluminium brand ALLOW has ranked in the League of Green Brands, the first national ranking of sustainable brands. The League of Green...
