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 three-day virtual ICSOBA conference took place on 22, 23 and 24 November 2021. The conference covered bauxite, alumina, bauxite residue, carbon for aluminium electrolysis, aluminium production, and aluminium recycling in a variety of technical sessions. The program included 10 high-calibre keynote speakers and over 100 technical papers presented in two parallel sessions. In addition, two virtual plant tours of Alba Smelter and EGA Al-Taweelah Refinery were organized, as well as a discussion panel on the strategic supply of alumina. The forum proved again that ICSOBA has a unique opportunity to provide this valuable platform for learning and to exchange information on the latest progress. A complete set of documents (TRAVAUX book No. 50, presentations, exhibitor documents, recorded...
Two sources directly involved in quarterly price discussions stated on Tuesday, November 30 that one major aluminium manufacturer has offered Japanese customers premiums of US$195 per tonne for January-March (Q1 2022) primary metal shipments, down 11 percent from the Q4 2021. Japan is Asia's largest importer of the metal, and it has agreed to pay quarterly premiums over the London Metal Exchange (LME) cash price for primary metal shipments. The region's benchmark was established by CMAL0. Previously for aluminium shipments for the Q4 2021, the amount of premium paid was recorded at US$220 per tonne. For the Q3 quarter, Japanese aluminium purchasers paid US$185 for shipments. Japanese purchasers agreed to pay a premium of US$220 per tonne PREM-ALUM-JP in the October-December quarter, up 19...
The globally recognized largest producer of low carbon aluminium, En+ Group has been declared as the winner for ESG breakthrough at the Green Light awards organised by Schneider Electric. The award is specified to the company operating in Russia with the strongest improvement in ESG performance over the last three years and reflects En+ Group’s commitment to delivering a low-carbon economy. En+ was evaluated on the development of its sustainable development agenda, consistent engagement in ESG disclosure, and continuous improvement in these areas. In the last year alone, the company has delivered a science-based roadmap to net zero emissions by 2050 and launched the world’s lowest carbon aluminium made using ground-breaking inert anode technology. Schneider Electric launched the Green...
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices, with effect from Tuesday, November 30, following a sharp cut on Saturday, November 27. The latest hike has brought the company’s aluminium ingot price to INR 233,000 per tonne, up by INR 3,750 per tonne or 1.64 per cent from INR 229,250 per tonne. Hindalco is currently selling its aluminium wire rod at INR 244,100 per tonne after increasing it by INR 3,750 per tonne from INR 240,350 per tonne on November 27. The company’s aluminium billets price has also seen a hike of INR 3,750 per tonne from INR 239,850 per tonne on November 27 to INR 243,600 per tonne, as of November 30. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month future of aluminium on...
LME aluminium opened at US$2,602.50 per tonne on Monday, November 29, and closed at US$2,650 per tonne, an increase of US$58 per tonne or 2.24 per cent. Both LME aluminium cash (bid) price and LME official settlement price increased by US$31.50 per tonne or 1.20 per cent on Monday, November 29, to stand at US$2,649 per tonne and US$2,650 per tonne, respectively, following an intermittent plunge on the previous day. 3-month bid price grew by US$24.50 per tonne to US$2,641.50 per tonne, and 3-month offer price climbed by US$23.50 per tonne to settle at US$2,642.50 per tonne. December 22 bid price and December 22 offer price amounted to US$2,615 per tonne and US$2,620 per tonne, respectively. LME aluminium opening stock on November 29 further decreased to 909225 tonnes. Live Warrants...
According to a recent report, Emirates Global Aluminium has signed an official contract with General Electric Co. (GE) to reduce greenhouse gas emissions at its plants in the United Arab Emirates. The companies will reportedly chalk out a plan to cut emissions from GE’s natural gas turbines by exploring hydrogen as a fuel, as well as carbon capture, utilization, and storage solutions. Emirates Global Aluminium, also known as EGA, operates 33 natural gas turbines of General Electric at Jebel Ali and Al Taweelah. The turbines together have a power generation capacity of 5,200 megawatts, which account for a significant proportion of GE’s total greenhouse gas emissions. Emirates Global Aluminium is equally owned by two sovereign wealth funds - Investment Corp. of Dubai and Abu Dhabi’s...
During last Friday’s night session, LME aluminium opened at US$2,717.50 per tonne and closed at US$2,592 per tonne, a decrease of US$123 per tonne or 4.53 per cent. After three consecutive days of hike, LME aluminium cash (bid) price and LME official settlement price plummeted by US$122 per tonne or 4.45 per cent on Friday, November 26, to stand at US$2,617.50 and US$2,618.50 per tonne, respectively. 3-month bid price sharply fell by US$117 per tonne to US$2,617 per tonne, while 3-month offer price plunged by US$116 per tonne to settle at US$2,619 per tonne. December 22 bid price and December 22 offer price totalled at US$2,592 per tonne and US$2,597 per tonne, respectively. LME aluminium opening stock on November 26 decreased from 919225 tonnes to 915850 tonnes. Live Warrants stood at...
The Malaysia-based world-class aluminium producer, Press Metal Aluminium Holdings Bhd, on the account of higher aluminium prices, books a net profit of RM283.33 million in Q3 ended Sept 30, 2021. This was more than double the net profit of RM121.98 million when compared with the same quarter the previous year. The aluminium manufacturer stated that the revenue soared by 55% to RM 2.89 billion on the shoulder of the higher aluminium price and production output from its new Phase 3 Samalaju smelter, which attained full commissioning in mid-October of 2021. Concurrently, the group’s associate arms also contributed significantly higher premiums. In the initial nine months of 2021, the metal company’s enhanced earnings performance was partially counterpoised by a rise in operating costs...
Some of the top news that created a buzz in the primary aluminium industry this week included the hoard of 1.8 million tonnes of aluminium worth $5 billion in Vietnam drove China’s metal supply through a drastic crisis and fuelled the escalation of prices globally. 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. However, as reported by a global agency that if the mammoth stockpile was liberated it could resolute the worldwide shortfall and drag the price of the commodity down. To know more: https://www.alcircle.com/news/vietnam-holds-1-8-million-tonnes-of-aluminium-worth-5-billion-amid-the-global-crisis-72931 The stock market regulators in Hong Kong are examining the plans made by...
On Monday, November 22, LME aluminium cash (bid) price and LME official settlement price started the week at US$2,653 per tonne and US$2,653.50 per tonne, respectively. They both decreased by US$7.50 per tonne from the previous day. On Tuesday, November 23, LME aluminium cash (bid) price jumped by US$37 per tonne to US$2,690 per tonne, while LME official settlement price climbed by US$37.50 per tonne to US$2,691 per tonne. The prices grew further the next day by US$8 per tonne to stand at US$2,698 per tonne and US$2,699 per tonne, respectively. On Thursday, November 25, both LME aluminium cash (bid) price and LME official settlement price surged by US$41.50 per tonne or 1.54 per cent to US$2,739.50 per tonne and US$2,740.50 per tonne. They closed the week on November 26 at US$2,617.50 per...
Hindalco Industries Limited has hiked its aluminium ingot and aluminium products prices for the third time in a row, with effect from Friday, November 26. The company’s aluminium ingot price has come in at INR 238,250 per tonne, up by INR 4,000 per tonne or 1.71 per cent from INR 234,250 per tonne. Hindalco’s aluminium wire rod price has also seen an increase of INR 4,000 per tonne from INR 245,350 per tonne on November 24 to INR 249,350 per tonne on November 26. Hindalco’s aluminium billets price is standing at INR 248,850 per tonne, INR 4,000 per tonne higher than INR 244,850 per tonne on November 24. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which recorded an increase of...
We are gearing up to welcome you all to our third AlCircle Expo on February 15-16, 2022, and we are delighted to announce that Registration is Live Now! You can register at https://live.alcircleevents.com/event_registration/23911244/121 , and to know more information, you may visit www.alcircleevents.com. While the life around us has been changing since the onset of the COVID-19 pandemic, what has remained constant is our commitment to providing digital space to explore new business opportunities in the global aluminium industry. With the same desire, we are yet again coming up with our virtual expo, where we welcome industry leaders and partners from the entire value chain of the market. We assure you to experience more advanced technical support and enticing digital tools besides video...
The United States domestic primary aluminium production in September 2021 stood at 72,000 tonnes, reflecting a dip of 1,000 tonnes or 1.37 per cent from 73,000 tonnes in August but remained essentially unchanged compared to the output last year, found the US Census Bureau data. The daily average production in September was 2,390 tonnes, slightly more than 2,360 tonnes in the previous month. But on a year-on-year calculation, it stood lower by 0.83 per cent from 2,410 tonnes. Total aluminium recovered from scrap in September 2021 was 272,000 tonnes, up by 1.87 per cent from 267,000 tonnes in August. Of this, 144,000 tonnes of aluminium was recovered from new scrap, and 129,000 tonnes recovered from old scrap. In September 2021, the average US spot market of primary aluminium ingot was...
LME aluminium opened at US$2,698 per tonne on Thursday, November 25, and closed at US$2,715 per tonne, an increase of US$12 per tonne or 0.44 per cent. LME aluminium cash (bid) price and LME official settlement price surged by US$41.50 per tonne or 1.54 per cent to stand at US$2,739.50 per tonne and US$2,740.50 per tonne, respectively, as of November 25. That marked the increase in prices for the third day in a row. 3-month bid price increased by US$43.50 per tonne to settle at US$2,734 per tonne, and 3-month offer price climbed by US$44 per tonne to close at US$2,735 per tonne. December 22 bid price and December 22 offer price totalled at US$2,700 per tonne and US$2,705 per tonne. LME aluminium opening stock on November 25 stood further lower at 919225 tonnes. Live warrants remained...
Hindalco Industries Limited grew its aluminium ingot and aluminium products prices back-to-back on Wednesday, November 24. The company’s aluminium ingot price came in at INR 234,250 per tonne, seeing an increase of INR 3,250 per tonne from INR 231,000 per tonne on November 23. Hindalco’s aluminium wire rod price also saw a hike of INR 3,250 per tonne from INR 242,100 per tonne on November 23 to INR 245,350 per tonne on November 24. Aluminium billets price grew from INR 241,600 per tonne to INR 244,850 per tonne, as of November 24. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which recorded an increase of US$37.50 per tonne or 1.41 per cent on November 23 to US$2,691 per tonne....
The President of Indonesia Joko Widodo (Jokowi) has planned to marshal the groundbreaking event during December 2021 for an aluminium smelter in North Kalimantan, Indonesia. On 23 rd November 2021, Septian Hario Seto, the Deputy for Investment and Mining said: “The majority of the investment comes from Indonesian companies.” However, he did not unfold the names of the company, but in 2020, PT Indonesia Asahan Aluminium confirmed that they were exploring the potential of developing new smelter aluminium in North Kalimantan. The construction of smelter is one of the ways to brace the development of the International Port and Industrial Area (KIPI) in East Kalimantan. It is reported that this area will receive investment worth around $100 million cumulatively until 2030. Alongside aluminium,...
China’s social inventories of primary aluminium have decreased by 21,000 tonnes week-on-week on Thursday, November 25, following a hike last week. According to the Shanghai Metals Market, the inventories this week have totalled 1.02 million tonnes across eight major consumption areas, including SHFE warrants. On last Thursday, November 18, China’s primary aluminium inventories stood at 1.038 million tonnes, gaining a significant volume of 31,000 tonnes week-on-week. The chart below indicates the current status of primary aluminium inventories across China in more detail: In Nanhai, primary aluminium inventories have plummeted by 12,000 tonnes week-on-week to stand at 246,000 tonnes on November 25. In Gongyi and Shanghai, primary aluminium inventories have plunged by 8,000 tonnes and 6,000...
On Tuesday, November 23, the Indian government-owned Coal India Limited (CIL) said that its board approved a pre-feasibility report for settling up an integrated aluminium project in Odisha. In December 2020, the miner received in-principle approval for stepping into the aluminium and solar sectors and creation of special purpose vehicles. The Centre also asked the company to diversify into other business sectors and explore prospects in industries like electric vehicles and charging pods. According to Coal Ministry's agenda for 2021-22, “CIL must diversify its business and explore prospects in sunrise industries electric charging pods, EVs etc." "CIL in its board meeting held on date had accorded its in-principle approval to pre-feasibility report for setting up of integrated greenfield...
