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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The LME aluminium benchmark price closed the week, ended December 10, at 0.87 per cent or US$23/t lower than US$2,648 per tonne on December 3, while.the SHFE aluminium price settled 0.75 per cent or USS$22/t higher this week compared to US$2,936 per tonne on December 3. LME aluminium cash (bid) price and LME aluminium official settlement price opened the week on Monday, December 6, with a decline of US$47.5 per tonne or 1.79 percent to come in at US$2,599.50 per tonne and US$2,600.50 per tonne, respectively. On Tuesday, December 7, the prices increased by US$25 per tonne and US$24.50 per tonne to stand at US$2,624.50 per tonne and US$2,625 per tonne. They inched up the next day to US$2,625 per tonne and US$2,626 per tonne and further rose on December 9 to US$2,630 per tonne and...
The Dutch Aluminum producer, Delfzijl Aluminum commonly known as Aldel has been safeguarded from a third-time bankruptcy but it pursues to axe several jobs. The present director of the company, Chris McNamee and his company Aloft are taking over the facility in Delfzijl from the American private equity fund York Capital. However, the reorganization will be encountering 120 lay-offs from 325 permanent employees and it is anticipated that it will drive Aldel to get rid of almost all its debts. In 1966, Damco Aluminum Delfzijl (Aldel) was established in Delfzijl and considered as one of the biggest employers in Northeast Groningen. The plant melts and casts high-quality aluminium that is consumed in the automobile sector among others. Due to the high prices for electricity and gas, Aldel had...
Norsk Hydro’s aluminium smelter in Sunndal in western Norway holds the place as the largest smelter in Europe and also the producer of low-carbon aluminium. The investment of NOK 750 million by the global aluminium giant is towards the replacement and upgrade of the existing high voltage and rectifier system, new service cranes and electrification of selected operating vehicles will secure that this position stands strong also in the coming decades. Eivind Kallevik, Executive Vice President, Hydro Aluminium Metal said: “This is an investment in the future of Hydro Sunndal and it shows our commitment to low-carbon, hydropower-based aluminium as an enabler for the green transition. Hydro Sunndal will continue to be a leading producer of Hydro REDUXA low-carbon aluminium to the automotive...
The world’s top four aluminium associations, the United States, Europe, Canada and Japan have welcomed the commitment of Ministers to “Renew their trilateral partnership to address the global challenges posed by non-market policies and practices of third countries that undermine and negatively affect our workers and businesses.” On 30 th November 2021, in a joint statement, Ambassador Katherine Tai, United States Trade Representative, Mr Hagiuda Koichi, Minister of Economy, Trade and Industry of Japan and Mr Valdis Dombrovskis, Executive Vice President of the European Commission, agreed to focus their efforts on identifying problems due to non-market practices, gaps in existing enforcement tools, and areas where further work is needed to develop rules to address non-market practices....
LME aluminium opened at US$2,622 per tonne on Thursday, December 9, and closed at US$2,627 per tonne, down US$8 per tonne or 0.3 per cent. LME aluminium cash (bid) price increased by US$5 per tonne to stand at US$2,630 per tonne, while LME aluminium official settlement price rose by US$4.50 per tonne to close at US$2,630.50 per tonne as of December 9. 3-month bid price climbed by US$8 per tonne to US$2,633 per tonne and 3-month offer price gained US$7 per tonne to come in at US$2,634 per tonne. December 22 bid price and December 22 offer price settled at US$2,620 per tonne and US$2,625 per tonne, respectively. LME aluminium opening stock further decreased to 890650 tonnes. Live warrants for the same day rose to 712375 tonnes, while cancelled warrants shrank to 178275 tonnes. LME aluminium...
Veselin Pejovic, the CEO and owner of Uniprom stated that Montenegro's KAP aluminium smelter is projected to gradually shut down due to the hostile energy prices that will come into effect as of 1 st January 2022. On 8 th December 2021, the CEO said: "Just at the moment when the price of aluminium is very favourable on the market, unfortunately, I must say that some people did everything for me to announce today that KAP is closing." “The planned shutdown of the smelter will begin on 15 th December”, Pejovic further added. "We are concerned, in the first place, about the dismissal of over 500 workers and the termination of cooperation with more than 200 domestic companies.” It was earlier reported that KAP is planning to cease production operations due to the inflated power costs and also...
According to the Shanghai Metals Market, social inventories of primary aluminium in China have continued to shrink for the third week in a row ending December 9, 2021. Data shows the inventories have decreased by 50,000 tonnes across eight major consumption areas, including SHFE warrants, to stand at 952,000 tonnes. Last week, on December 2, China’s primary aluminium inventories slipped 15,000 tonnes week-on-week to stand at 1 million tonnes. The chart below indicates the current status of primary aluminium inventories across China in more detail: In Wuxi, primary aluminium inventories have declined by 25,000 tonnes this week to stand at 378,000 tonnes versus 403,000 tonnes on December 2, while the inventories in Nanhai have slipped by 13,000 tonnes to come in at 220,000 tonnes. In...
Century Aluminum Company, US-based primary aluminum producer, has reportedly announced the addition of a member to its Board of Directors. With the appointment of Jennifer Bush, the company’s total members in the Board have come to six. Bush is appointed as an independent director with an immediate effect with a term expiring at Century’s annual meeting of stockholders in 2022. Ms. Bush served Cummins Inc. since 1997. From 2017, she was the Vice President, Cummins Sales and Service, North America. She leads the North America distribution business, overseeing a $5 billion segment with more than 250 locations and 9,000 employees. Ms. Bush joins Century with 25 years of experience of global P&L, commercial and operational leadership in industrial businesses to the Board, along with a strong...
Hindalco Industries Limited raised its aluminium ingot and aluminium products prices on Wednesday, December 8, following a cut on the previous day, December 7. The company’s aluminium ingot price saw a rise of INR 2,250 per tonne from INR 229,500 per tonne to INR 231,750 per tonne, as of December 8. Hindalco’s aluminium wire rod price came in at INR 242,850 per tonne on December 8 after being raised by INR 2,250 per tonne as well from 240,600 per tonne on December 7. Aluminium billets price increased from INR 243,600 per tonne to INR 245,850 per tonne, also up by INR 2,250 per tonne. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which on December 7 increased by US$24.50 per tonne to US$2,625 per tonne....
LME aluminium opened at US$2,625 per tonne last night and closed at US$2,635 per tonne, an increase of US$10.5 per tonne or 0.4 percent. On Wednesday, December 8, LME aluminium cash (bid) price inched by US$0.5 per tonne or by 0.01 percent to peg at US$2,625 per tonne. LME aluminium official settlement price increased slightly by US$1 per tonne or by 0.03 percent to close at US$2,626 per tonne. 3-month bid price and 3-month offer price stood at US$2,625 per tonne and US$2,627 per tonne. December 22 bid price and December 22 offer price totalled at US$2,618 per tonne and US$2,623 per tonne. LME aluminium opening stock was recorded at 894350 tonnes. Live warrants for the same day totalled at 710375 tonnes and cancelled warrant closed at 183975 tonnes. LME aluminium 3-month Asian Reference...
On 7 th December 2021, the leading global aluminium producer announced that it has secured the silver sustainability recognition level from EcoVadis, the world’s largest and most trusted business sustainability rating provider. EcoVadis also supplies intelligence and collaborative performance improvement tools for global supply chains. The Russian aluminium giant is constantly working to enhance its environmental, social and management indicators, introducing sustainable development principles into the activities of all structural divisions and enterprises. However, this year, the company was awarded the EcoVadis Silver medal following an independent assessment, which confirms RUSAL's significant progress in improving sustainable development practices compared to the 2020 assessment, when...
Alinta Energy, an Australian energy business, has announced intentions to develop a 1GW wind farm 10 kilometres off the coast of Portland, Victoria. The project would make the Portland aluminium smelter one of the country's first to run entirely on renewable energy. It will provide energy to the Portland Aluminium Smelter as well as to the east coast electricity grid. Alinta announced on Tuesday that the Spinifex offshore wind project will cost up to $4 billion and would create new construction and operational jobs, as well as assist safeguard jobs at the smelting site. Before finalising the $4 billion project, wind monitoring, site assessments, investment and consultations are planned to take place next year. “The area we’re investigating is around 500km and about ten kilometres from the...
In November (30 days) 2021, China’s aluminium production stood at 3.07 million tonnes, reflecting a year-on-year decrease of 3 per cent, found the Shanghai Metals Market. The daily average output came in at 102,000 tonnes, flat on the month. From January to November, China’s total aluminium production amounted to 35.32 million tonnes, an increase of 4.35 per cent year-on-year. The domestic aluminium capacity increased slightly in November, but the capacity in Guangxi and Chongqing decreased due to power rationing. The accident at an aluminium plant in Wenshan, Yunnan, also affected the monthly output. However, some aluminium plants in Henan, Yunnan, and Inner Mongolia resumed production, which partially offset the production downfall. China’s aluminium capacity stood at 37.46 million...
LME aluminium opened at US$2,592 per tonne on Tuesday and closed at US$2,624.50 per tonne, an increase of US$30.50 per tonne or 1.18 per cent. LME aluminium cash (bid) price grew by US$25 per tonne on Tuesday, December 7, to stand at US$2,624.50 per tonne, while LME aluminium official settlement price gained US$24.50 per tonne or 1 per cent to come in at US$2,625 per tonne. For the same day, 3-month bid price and 3-monthoffer price moved up by US$34 per tonne to close at US$2,619 per tonne and US$2,620per tonne, respectively. December 22 bid price and December 22 offer price settled at US$2,615 per tonne and US$2,620 per tonne. LME aluminium opening stock decreased to 893650 tonnes. Live warrants remained restrained at 698550 tonnes and cancelled warrants decreased to 195100 tonnes. LME...
On Tuesday, December 7, Vedanta Aluminium Business, a branch of Vedanta Limited, one of the leading aluminium manufacturers in India, invited aluminium companies to the Enterprise Odisha 2021 event. The offer is to become a partner in the company's aluminium park project in Jharsuguda, Orissa. Vedanta Aluminium has teamed up with the Odisha Industrial Infrastructure Development Corporation (IDCO) to build the Vedanta Aluminium Park near its Jharsuguda aluminium plant. Water, electricity, hot metal supply, a dross processing facility, and other amenities will be available to enterprises who establish production units in the park. “With the objective to develop a thriving ecosystem of aluminium-based SMEs and MSMEs in Jharsuguda, Vedanta is committed to supply 3 lakh metric tonnes of...
National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium products prices with effect from Tuesday, December 7, following a hike about two weeks ago. The Navratna CPSE has cut its aluminium ingot price by INR 5,600 per tonne or 2.4 per cent to INR 226,250-229,750 per tonne on December 7. On November 24, the price stood at INR 231,850- 235,350 per tonne after being surged by INR 7,800 per tonne. The latest cut has brought NALCO’s aluminium wire rod price to INR 228,750- 233,100 per tonne, down by INR 5,600 per tonne from INR 234,350- 238,700 per tonne on November 24. Aluminium billets price is currently hovering around INR 229,700- 232,350 per tonne compared to INR 229,700- 232,350 per tonne on November 24. NALCO links its aluminium ingot and aluminium...
LME aluminium opened at US$2,622.5 per tonne on Monday and ranged between 2,581.5-2,633 per tonne before closing at US$2,594 per tonne, a drop of US$22 per tonne or 0.84 percent. Open interest fell 1,667 lots to 665,000 lots, and trading volume was 11,593 lots. Both LME aluminium cash (bid) price and LME aluminium official settlement price declined by US$47.5 per tonne or by 1.79 percent to stand at US$2,599.50 per tonne and US$2,600.50 per tonne, as of Monday, December 6. For the same day, 3-month bid price and 3-monthoffer price closed at US$2,585 per tonne and US$2,586 per tonne. December 22 bid price and December 22 offer price was recorded at US$2,488 per tonne and US$2,493 per tonne. LME aluminium opening stock totalled at 898450 tonnes. Live warrants and cancelled warrants for the...
On 6 th December 2021, the industry body Indian Captive Power Producers Association (ICPPA) said that coal supplies to captive power plants (CPP) have nosedived to 40%-50% of the requirement, while the aluminium sector is among the worst hit due to the hardship and if permitted to nettle it propels INR 1.4 lakh crores of investment towards risk. ICPPA further added: “The continued shortage of raw materials to key industries would lead to an increase in aluminium import and loss of export earnings to the tune of INR 70,000 crores.” "Keeping the above in mind, the Indian Captive Power Producers Association has requested the ministry's (Ministry of Power) immediate intervention for normalising 100 pc coal rakes supplies to CPP (captive power plants) industry and help them to partner the...
