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 Indian Institute of Metals (IIM) has awarded Navratna CPSE National Aluminium Company Limited (NALCO) the Non-Ferrous Best Performance Award 2020-21 in the large scale manufacturing unit category. Shri Sridhar Patra, CMD, NALCO, accepted the award on behalf of the firm during a virtual award presentation event conducted on November 14 as part of the 75th Indian Institute of Metals Annual Technical Meeting. National Aluminium Corporation Limited (NALCO) is a government-owned company with integrated and diversified activities in mining, metals, and electricity. It is owned by the Ministry of Mines of India. The government of India now owns 51.5 percent of NALCO. It's worth noting that the Indian Institute of Metals' Non-Ferrous Division has been hosting the National Quality Competition...
According to the data revealed by the National Statistics Bureau, China’s aluminium production in October stood at 3.13 million tonnes, 1.8 per cent higher year-on-year than 3.075 million tonnes. On a month-on-month calculation, the output stood up as well, ending a run of five straight monthly declines, found the official data. However, the daily average output in October fell to its lowest since July 2020, as smelters faced continued restrictions due to power shortages. As per the data, daily production stood at 100,968 tonnes versus 102,500 tonnes in the previous month (30 days). In October, the southwestern province of Guizhou ordered all five of its aluminium smelters to reduce power usage and shut capacity, reported MySteel consultancy, putting the annual operating capacity affected...
Hindalco Industries Limited increased its aluminium ingot and aluminium products prices for the second straight day on Saturday, November 13. That brought the company’s aluminium ingot price to INR 233,000 per tonne, up by INR 2,500 per tonne from INR 230,500 per tonne on November 12. Hindalco’s aluminium wire rod price also saw a rise of INR 2,500 per tonne on November 13 from INR 241,600 per tonne to INR 244,100 per tonne. Aluminium billets price came in at INR 243,600 per tonne versus 241,100 per tonne on November 12. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which on Friday November 12, closed the week 1.15 per cent or US$30.50 per tonne higher at US$2,676 per tonne. However,...
On October 26, 2021, Ali Al Baqali, the Chief Executive Officer of Aluminium Bahrain B.S.C. (Alba), was named the recipient of the 'People First Leader Award' at the GCC GOV HR Awarding Ceremony 2021. The ceremony was held at the InterContinental Dubai Festival City – Dubai, UAE. Since his appointment as CEO in August 2019, Al Baqali has taken innovative steps to develop Alba's national workforce, including the 'Al Jisr' Programme for Building Supervisory Skills – a one-of-a-kind programme to develop high-potential non-supervisory employees and prepare them for leadership positions; Training Programs to onboard new recruits; and a Business Engagement Plan to tap into the expertise of Alba-sponsored MBA graduates. "Success doesn’t come by accident; it is the product of hard work and...
A00 aluminium ingot price in China has opened the week on November 15 with a downfall of RMB 240 per tonne after two consecutive days of hike from RMB 18,510 per tonne to RMB 19,430 per tonne. According to the Shanghai Metals Market, the price is currently standing at RMB 19,190 per tonne, with average prices likely to range between RMB 19,170 per tonne and RMB 19,210 per tonne. The spot contract is estimated to be traded at a premium price of RMB 60-20 per tonne. In Gongyi, the primary aluminium ingot price has plunged by RMB 260 per tonne to stand at RMB 19,170 per tonne, followed by the decrease of RMB 240 per tonne in Wuxi and Hangzhou to RMB 19,190 per tonne and RMB 19,180 per tonne, respectively. In Chongqing, A00 aluminium ingot price is also standing at RMB 19,190 per tonne but by...
Three-month LME aluminium opened at US$2,663.5 per tonne last Friday and closed at US$2,697 per tonne, up US$40 per tonne or 1.51 percent. On Friday, November 12, LME aluminium cash (bid) price increased by US$30.5 per tonne or by 1.15 percent to stand at US$2,675.50 per tonne. LME aluminium official settlement price also moved up by US$30.5 per tonne or by 1.15 percent to close at US$2,676 per tonne. 3-month bid price and 3-month offer price was recorded at US$2,677 per tonne and US$2,679 per tonne. December 22 bid price and December 22 offer price settled at US$2,633 per tonne and US$2,638 per tonne. LME aluminium opening stock on November 12 stood at 974700 tonnes. Live warrants settled at 595825 tonnes and cancelled warrant totalled at 378875 tonnes. LME aluminium 3-month Asian...
The primary aluminium segment of the global aluminium industry is gradually navigated by environmental, social and governance (ESG) initiatives. The drive towards low-carbon aluminium production is now a mission for every manufacturer, as it is the future. The demand for aluminium is anticipated to pursue moving forward propelled by ESG especially from industries such as automotive and packaging. En+ Group’s metal division Rusal remains the leading producer of low-carbon aluminium, while the group’s commitment to achieving Net Zero at the COP26 UN Climate Change Conference in Glasgow. The first aluminium smelter in the Gulf region, Aluminium Bahrain B.S.C. (Alba), a leader in Environment, Social and Governance (ESG), has united with a top-class sustainability consultant to develop a...
LME aluminium cash (bid) price and LME official settlement price opened this week on Monday, November 8, at US$2,530 per tonne and US$2,530.50 per tonne, respectively, growing by US$40 per tonne or 1.61 per cent from the previous day. On Tuesday, November 9, they grew further to settle at US$2,581 per tonne and US$2,582 per tonne. However, on the next day, the prices decreased by US$28 per tonne to settle at US$2,553 per tonne and US$2,554 per tonne, but again rose on Thursday, November 11, by US$92 per tonne and US$91.50 per tonne to close at US$2,645 per tonne and US$2,645.50 per tonne. On Friday, LME aluminium cash (bid) price and LME official settlement price closed the week at US$2,675 per tonne and US$2,676 per tonne. 3-month bid price and 3-month offer price started the week at...
On 12 th November 2021, the Indian state-owned company having integrated and diversified operations in mining, metal and power under the ownership of the Ministry of Mines, National Aluminium Co Ltd (Nalco) reported a nearly seven-fold upswing in consolidated profit at INR 747.80 crore for the quarter ended 30 th September 2021. The Navratna CPSE under Ministry of Mines, Nalco stated during a BSE filing: “The Company had posted a consolidated profit of INR 107.27 crore in the year-ago period.” The filing revealed: “The consolidated income of the company during the July-September quarter increased to INR 3,634.59 crore over INR 2,399.05 crore in the year-ago period.” Nalco’s net profit leapt by 597.12% to INR 747.80 crore in the quarter ended September 2021 as against INR 107.27 crore...
Restrictions on power usage in China have resulted in a 7 per cent domestic annual aluminium production capacity cut so far this year. This news has come after Wood Mackenzie consultancy revealed the outcome of its comprehensive studies on the impact of China’s energy crunch on the domestic metals sector. "We identified around 3.2 million tonnes per annum (of aluminium) capacity was cut so far this year, of which only a little has been restarted," Wood Mackenzie said. The consultancy added, "We also expect more (aluminium production) suspensions in Yunnan (province) in the fourth quarter as the impact of insufficient hydropower supply has been exacerbated by the dry season." China has restricted electricity consumption for high energy-intensive sectors to reduce carbon emissions and...
A00 aluminium ingot price in China has soared by RMB 630 per tonne on November 12, marking the second consecutive day of hike. According to the Shanghai Metals Market, the price is standing at RMB 19,430 per tonne, with average prices likely to range between RMB 19,410 per tonne and RMB 19,450 per tonne. The spot contract is expected to be traded at a premium price of RMB 50-10 per tonne. In Gongyi and Linyi, A00 aluminium ingot price has surged by RMB 630 per tonne and RMB 600 per tonne to come in at RMB 19,430 per tonne and RMB 19,460 per tonne, respectively, followed by the increase of RMB 555 per tonne and RMB 550 per tonne in Chongqing and Foshan to RMB 19,405 per tonne and RMB 19,460 per tonne. In Tianjin, primary aluminium ingot price has hiked by RMB 510 per tonne to RMB 19,360...
The Odisha Electricity Regulatory Commission’s positive move by allowing one unit of Vedanta IPP adding to the surplus power within the state to utilize its power for aluminium production within the state which would be developing thousands of employment in and around Jharsuguda. As a judicial body, OERC has given a statement and accordingly the difference of opinion delivered by all the stakeholders, including GRIDCO, Government of Odisha and others have been considered and eventually a fair and logical order has been given in the interest of the state and consumers. The order of OERC permits GRIDCO to draw power when actually in deficit and allow IPP power to be used in the state when there is a power surplus situation. A comprehensive review of the order distinctly manifests that after...
Automation Innovation based in Victoria, Australia, has designed and engineered the new AiRC-1000. The system features robotic automation and a high-intensity laser to clean anode rods used in aluminium smelters. Aluminium is one of the world’s most abundant metals and is found naturally in bauxite. Whilst Australia is the world’s largest producer of bauxite; China is the leading producer of aluminium. Aluminium is highly sought-after in transportation; construction; electrical engineering; and machinery manufacturing sectors due to its low weight, durable, highly malleable, corrosion-resistant, conductive, affordable, and recyclable nature. China, the United States, Germany, India, and Japan have the highest demand for aluminium. However, demand has dropped due to COVID-19 and industry...
Three-month LME aluminium opened at US$2,575 per tonne on November 11 and closed at US$2,657 per tonne, an increase of US$79 per tonne or 3.06 per cent. On Thursday, November 11, LME aluminium cash (bid) price and LME official settlement price surged by US$92 per tonne and US$91.50 per tonne, respectively, to close at US$2,645 per tonne and US$2,645.50 per tonne. 3-month bid price and 3-month offer price moved up by US$82 per tonne and US$80.50 per tonne to come in at US$2,655 per tonne and US$2,655.50 per tonne. December 22 bid price and December 22 offer price totalled US$2,620 per tonne and US$2,625 per tonne, respectively. LME aluminium opening stock on November 11 decreased to 982025 tonnes. Live warrants closed at 595825 tonnes, while cancelled warrants settled at 386200 tonnes. LME...
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium products prices with effect from November 11, following three consecutive cuts since October 25. The latest hike has brought the company’s aluminium ingot price to INR 219,850-223,350 per tonne versus INR 216,150-219,650 per tonne on November 6. That reflected an increase of INR 3,700 per tonne. NALCO’s aluminium wire rod price has come in at INR 222,350-226,700 per tonne, also up by INR 3,700 per tonne from INR 218,650-223000 per tonne on November 6. Aluminium billets price has seen a rise of INR 3,700 per tonne as well from INR 219,600-222,250 per tonne to INR 223,300-225,950 per tonne. NALCO links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the...
The leading vertically-integrated producer of low-carbon aluminium and independent hydropower, En+ Group, confirmed its commitment to achieving Net Zero at the COP26 UN Climate Change Conference in Glasgow. More than 120 countries heads of state and business representatives attended the two-week climate conference, while it is anticipated to conclude on 12 th November 2021. The primary initiative of COP26 has been the Glasgow Financial Alliance for Net Zero (GFANZ). It has augmented 25-fold since April to include 450 firms from 45 countries. Participants incorporated commercial banks, insurance and audit companies, pension funds, rating agencies and stock exchanges that control a total of $130 trillion (£95 trillion) in assets. This accounts for around 40% of global assets. Furthermore,...
According to the Shanghai Metals Market, China’s social inventories of primary aluminium have dropped this week after more than two months of incessant hikes. Data shows the inventories have dipped by 6,000 tonnes across eight major consumption areas, including SHFE warrants, to come in at 1.007 million tonnes as of November 11, 2021. On last Thursday, November 4, primary aluminium inventories stood at 1.01 million tonnes, climbing by 31,000 tonnes on week. The chart below indicates the current status of primary aluminium inventories across China in more detail: Primary aluminium inventories in Gongyi have seen a sharp decline of 12,000 tonnes week-on-week to come in at 78,000 tonnes as of November 11, followed by the plunge of 11,000 tonnes in Nanhai to 267,000 tonnes. In Shanghai and...
According to a recent report, Aluminium Bahrain B.S.C. (Alba) has floated a tender to seek developers for a 5 megawatt solar power plant, which will be built on the premises of the firm in Bahrain. The developer will be responsible for handling design, construction, and commissioning of the solar plant. The solar plant will be deployed across operational areas and car parks. The closing date to submit technical bids is January 31. Bahrain aims at developing 255 megawatt of solar generation capacity by 2025 by using net metering, tenders for large-scale projects, and a renewable energy mandate for new buildings. The kingdom contemplates to develop a total of 700 megawatt renewable energy capacity, including solar, wind and energy-from-waste generation, by 2030. According to the...
