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 Russian aluminium giant, Rusal announced that the Company's trademark, low carbon aluminium brand, ALLOW has been ranked in the League of Green Brands, the first national ranking of sustainable brands. In 2019, the League of Green Brands is a reputable non-governmental development institute established in Russia. The League's task is to create conditions for the systematic implementation of ESG principles and approaches in the practice of domestic companies and to promote sustainable business developments in Russia. The purpose of the organization is to create criteria for "green" goods as a basis for national eco-certification, as well as the promotion of the idea of sustainable development in Russia. The ranking methodology of the league was developed by Deloitte, its intellectual...
In October 2021, primary aluminium production in Russia & Eastern Europe stood at 352,000 tonnes, reflecting a month-on-month increase of 12,000 tonnes or 3.53 per cent, found the International Aluminium Institute (IAI). In September, primary aluminium output totalled at 340,000 tonnes, down by 10,000 tonnes or 2.86 per cent from 350,000 tonnes in August. Total production of primary aluminium in Russia & Eastern Europe from August to October 2021 amounted to 1.042 million tonnes, compared to 1.041 million tonnes during May to July 2021. On a year-on-year calculation, Russia & Eastern Europe’s primary aluminium production in October 2021 edged a rise of only 1,000 tonnes from 351,000 tonnes From January to October 2021, Russia & Eastern Europe’s primary aluminium production totalled 3.449...
Hindalco Industries Limited again reduced its aluminium ingot and aluminium products prices, with effect from Saturday, December 4, following an intermittent rise on December 2. The company cut its aluminium ingot price by INR 1,500 per tonne on December 2, bringing the price to INR 232,500 per tonne. Hindalco’s aluminium wire rod price also saw a dip of INR 1,500 per tonne from INR 245,100 per tonne on December 2 to INR 243,600 per tonne on December 4. Aluminium billets price came in at 246,600 per tonne, compared to INR 248,100 per tonne on the previous day. Hindalco inks its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which on December 2 decreased by US$14.50 per tonne to US$2,655 per tonne and further declined on...
LME aluminium opened at US$2,611 per tonne last Friday and closed at US$2,616 per tonne, an increase of US$3 per tonne or 0.11 percent. On Friday, December 3, both LME aluminium cash (bid) price and LME aluminium official settlement price moved down by US$7 per tonne or by 0.26 percent to score at US$2,647 per tonne and US$2,648 per tonne, respectively. On the other hand, 3-month bid price and 3-month offer price also decreased by US$12.5 per tonne and US$11 per tonne, to total at US$2,627 per tonne and US$2,629 per tonne for the same day. December 22 bid price and December 22 offer price stood at US$2,610 per tonne and US$2,615 per tonne. LME aluminium opening stock was recorded at 882800 tonnes. Live warrants and cancelled warrants for the same day stood at 677225 tonnes and 205575...
The first aluminium smelter in the Gulf region, Aluminium Bahrain B.S.C (Alba) has appointed Sayed Salah Sayed Aqeel as the new Acting Manager for Environment, Social and Governance (ESG) with immediate effect. 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. Ali Al Baqali, the Chief Executive Officer of Alba commented on establishing a standalone ESG department: “Sayed Salah’s appointment comes at an exciting time in our journey as we accelerate our focus to Alba’s ESG transformation and embrace our nation’s objectives under the leadership of HRH the Crown Prince and Prime Minister of Bahrain to reach net-zero by 2060.” Sayed Salah Sayed Aqeel, a Bahraini national...
The government officials of the island country in the southwestern Pacific Ocean, New Zealand are positive that Tiwai Point aluminium smelter will remain operational for an extended period if the aluminium prices stand high. However, the officials have also warned that there are risks included, as it will accumulate millions of tonnes of greenhouse gas emissions. The southernmost region of New Zealand, Southland has been adapting to survive with losing hundreds of jobs and a rise of spending when the aluminium smelter closes at the end of 2024. While the treasury documents revealed under the Official Information Act (OIA) evaluated strong aluminium prices drove the smelter with half a billion dollars better from the existing year. The officials update to the ministers stated: “While NZAS'...
New coronavirus variant Omicron seems to have started creating an impact on the global aluminium prices already, and this has been the highlight of the week. As reported on Thursday, December 2, the LME aluminium price recorded a fall of 0.9 per cent to US$2,640.50 per tonne at 0704 GMT before closing the day at US$2,655 per tonne. However, so far, the LME aluminium prices were partially offset by LME aluminium inventories, which dropped to 893,775 tonnes, the lowest since September 2007 and down by 55 per cent from March. To know more: https://www.alcircle.com/news/new-coronavirus-variant-omicron-starts-hitting-lme-aluminium-prices-suspects-industry-analysers-73039 That’s not all. Agonies hovering around the possible economic impact due to the onset of new coronavirus variant have also...
Bharat Aluminium Company Limited, India's leading aluminium producer, has recently bagged two CII Energy Conservation (ENCON) Awards 2021 for best energy management at its Power Plants. BALCO’s 1200MW Power Plant has become State Winner – Chattisgarh with a 4.75 Star rated certificate, and its 540MW Power Plant has won a 4.25 Star rated certificate in a large scale category. Both of these certificates stand testimony to BALCO’s operational excellence. On this important achievement, Abhijit Pati, CEO and Director BALCO, said: "At BALCO, we are committed to maximizing our efforts of energy conservation. With such efforts, we aim to achieve the larger goal of creating a sustainable future for the generations to come and contributing to the expeditious development of the nation. BALCO has...
Agonies hovering around the possible economic impact due to the onset of new coronavirus variant Omicron have reportedly begun hitting the benchmark aluminium price on the London Metal Exchange. On Thursday, December 2, the LME aluminium price recorded a fall of 0.9 per cent to US$2,640.50 per tonne at 0704 GMT before closing the day at US$2,655 per tonne. The most-traded January aluminium contract on the Shanghai Futures Exchange also closed down by 1.2 per cent to RMB 18,765 (US$2,944.87) per tonne. According to reports, heavily mutated Omicron is rapidly becoming the dominant variant of the coronavirus. In South Africa, the new variant of the virus outspread in less than four weeks after it was first detected there, while the United States on Wednesday became the latest country to...
Hindalco Industries Limited grew its aluminium ingot and aluminium products prices on December 2, a day after it reduced the prices by INR 1,250 per tonne. With effect from December 2, the company’s aluminium ingot price saw an increase of INR 2,250 per tonne to INR 234,000 per tonne, backed on the rise in the LME aluminium benchmark price on December 1. Like any other Indian aluminium producer, Hindalco inks its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which on December 1 rose by US$34.50 per tonne from US$2,635 per tonne to US$2,669.50 per tonne. However, on a month-on-month calculation, the price still stood less by US$43.50 per tonne from US$2,713 per tonne. Hindalco’s aluminium wire rod price also saw a hike of...
LME aluminium opened at US$2,648.5 per tonne on Thursday and closed at US$2,613 per tonne down US$35 per tonne or 1.32 percent. On Thursday, December 2, LME aluminium cash (bid) price decreased by US$15 per tonne or by 0.56 percent to close at US$2,654 per tonne. LME aluminium official settlement price also moved down by US$14.5 per tonne or by 0.54 percent to total at US$2,655 per tonne. 3-month bid price and 3-month offer price closed at US$2,639.50 per tonne and US$2,640 per tonne, as of Thursday. December 22 bid price and December 22 offer price was recorded at US$2,630 per tonne and US$2,635 per tonne. LME aluminium opening stock settled at 889575 tonnes. Live warrants for the same day were recorded at 677225 tonnes, while cancelled warrant closed at 212350 tonnes. LME aluminium...
China’s social inventories of primary aluminium have continued to decrease for the second week in a row ending December 2, 2021, by 15,000 tonnes, found the Shanghai Metals Market. SMM data shows the inventories have declined across eight major consumption areas, including SHFE warrants, to come in at 1 million tonnes, as of Thursday, December 2. The decline in primary aluminium inventories this week is mainly contributed by Nanhai and Wuxi. The chart below indicates the current status of primary aluminium inventories across China in more detail: In Nanhai and Wuxi, primary aluminium inventories have plunged by 13,000 tonnes and 8,000 tonnes, respectively, to stand at 233,000 tonnes and 403,000 tonnes, as of December 2. In Shanghai, Hangzhou, and Tianjin, inventories have dropped by 1,000...
On Wednesday, December 1, Aluminium Bahrain B.S.C (Alba), the world’s largest smelter outside China, held its Board of Directors (BoD) meeting in person for Q4 2021. The meeting was conducted at the Alba Oasis Hall, following all the COVID-19 protocols and guidelines laid down by Bahrain National Medical Task Force for Combating the Coronavirus. “Thanking the Management team and everyone in the workforce on Alba's record-breaking performance for the 9-months of 2021 and stated that Alba is on track to set new benchmarks by finishing 2021 strong. We are also pleased to issue a Limited Notice to Proceed, subject to successful financial closure, towards Mitsubishi & SEPCO III Consortium to be the Engineering, Procurement and Construction contractor for the fourth additional block in Power...
LME aluminium opened at US$2,621 per tonne on Wednesday and closed at US$2,648 per tonne, an increase of US$23 per tonne or 0.88 percent. On Wednesday, December 1, both LME aluminium cash (bid) price and LME aluminium official settlement price surged by US$34.5 per tonne or by 1.30 percent to total at US$2,669 per tonne and US$2,669.50 per tonne. 3-month bid price and 3-month offer price stood at US$2,646 per tonne and US$2,646.50 per tonne. December 22 bid price and December 22 offer price closed at US$2,633 per tonne and US$2,638 per tonne. LME aluminium opening stock was recorded at 893775 tonnes, as of December 1. Live warrants for the same day stood at 576325 tonnes, while cancelled warrant totalled at 317450 tonnes. LME aluminium 3-month Asian Reference Price moved up by US$17.94...
Primary aluminium production in North America in October 2021 stood at 318,000 tonnes, flaunting an increase of 14,000 tonnes or 4.61 per cent month-on-month, found the International Aluminium Institute (IAI). In September, primary aluminium production came in at 304,000 tonnes, down by 11,000 tonnes or 3.49 per cent from 315,000 tonnes a month ago. On a year-on-year calculation, North America’s primary aluminium output in October 2021 stood 4.79 per cent or 16,000 tonnes lower than 334,000 tonnes. From January to October 2021, North America produced 3.25 million tonnes of primary aluminium, 1.81 per cent less than 3.31 million tonnes during the same period last year. In South America, primary aluminium production in October 2021 amounted to 100,000 tonnes, which was up by 4,000 tonnes or...
LME aluminium opened at US$2,647 per tonne on Tuesday morning and closed at US$2,625 per tonne, down US$25 per tonne or 0.94 per cent. On the supply side, the current aluminium output finds it hard to increase. LME aluminium cash (bid) price decreased by US$14.50 per tonne on Tuesday, November 30, to stand at US$2,634.50 per tonne, while LME official settlement price declined by US$15 per tonne to come in at US$2,635 per tonne. 3-month bid price and 3-month offer price slipped by US$16.50 per tonne to close at US$2,625 per tonne and US$2,626 per tonne, respectively. December 22 bid price and December 22 offer price settled at US$2,608 per tonne and US$2,613 per tonne. LME aluminium opening stock on November 30 continued to decrease to 900975 tonnes. Live Warrants remained restrained at...
The aluminium industry witnessed multiple remarkable events in November 2021. When the world is encountering a phase of aluminium shortage, which has triggered the prices of the metal to touch an all-time high, around 1.8 million tonnes of aluminium worth a mighty $5 billion is presently being under the control of security guards in Vietnam. The aluminium supply in Vietnam was seized as part of the investigation led by the United States comprising a Chinese billionaire and alleged trade fraud. While on the other hand, the leading industrial company committed to a sustainable future, Hydro announces to investment in a new state-of-the-art aluminium recycling plant at Cassopolis, Michigan. According to a recent report, Russian aluminium giant UC Rusal has been engaged in the prospect of...
The Russian aluminium giant, Rusal has contributed $105 million (eight billion Russian Rubles) to fight against COVID-19 and support regional healthcare systems across Russia to combat the pandemic. RUSAL has supported seven emergency medical centres in Siberia and the Urals which opened one year ago to treat patients suffering from COVID-19 and pneumonia. The aluminium company donated over $52 million (four billion Russian Rubles) to build the centres comprising all equipment required to treat patients such as computer tomographs, high-tech ultrasound devices, oxygen stations, laboratory and functional diagnostics devices. Regardless of the complexity and scale of building the medical centres, construction was accomplished within just seven months. However, since its opening, medical...
