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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Three-month LME aluminium opened at US$2,563.50 per tonne on November 10 and closed at US$2,548 per tonne, an increase of 0.62 per cent. On Wednesday, November 10, LME aluminium cash (bid) price and LME official settlement price decreased by US$28 per tonne to settle at US$2,553 per tonne and US$2,554 per tonne, respectively. 3-month bid price and 3-month offer price stood at US$2,573 per tonne and US$2,575 per tonne, while December 22 bid price and December 22 offer price totalled US$2,545 per tonne and US$2,550 per tonne. LME aluminium opening stock on November 10 came in at 991375 tonnes. Live warrants closed at 599925 tonnes, while cancelled warrants settled at 385700 tonnes. LME aluminium 3-month Asian Reference Price stood at US$2,576.61 per tonne on November 10. SHFE Aluminium...
A00 aluminium ingot price in China has increased by RMB 290 per tonne to stand at RMB 18,800 per tonne on Thursday, November 11, following a plunge of RMB 440 per tonne on the previous day. SMM data shows the average prices are expected to range between RMB 18,780 per tonne and RMB 18,820 per tonne, with spot contract to be traded at a premium price of RMB 120-80 per tonne. In Hangzhou, A00 aluminium ingot price has climbed by RMB 520 per tonne to stand above RMB 19,000 per tonne, while the price in Wuxi has surged by RMB 500 per tonne to peg at RMB 18,990 per tonne on November 11. In Gongyi, the primary aluminium ingot price has increased by RMB 320 per tonne to come in at RMB 18,800 per tonne, followed by the hike of RMB 285 per tonne in Chongqing and Shenyang to RMB 18,850 per tonne...
The demand for aluminium is anticipated to remain robust in the future aligned with widening efforts to protect the environment by most countries in the world through the application of environmental, social and governance (ESG) initiatives. Tan Sri Koon Poh Keong, the CEO of Press Metal Aluminum Holdings Bhd Group, Malaysia said: “The implementation of ESG would encourage companies to use recyclable materials as their raw materials, of which aluminium is one of them.” He further added: “The demand for aluminium was expected to continue moving forward driven by ESG especially from industries such as automotive and packaging.” "Strong demand will support the price of aluminium. In addition, the constraints on the supply of aluminium going forward will also support the price to remain...
Vedanta Limited is selling its aluminium ingot price at INR 224,000-237,000 per tonne as of November 10, 2021. Among aluminium products prices, the company’s aluminium wire rod price has come in at INR 231,500- 239,000 per tonne, while aluminium billets price is standing at INR 232,000 per tonne. Like any other Indian aluminium producers, Vedanta Limited links its aluminium products and aluminium ingot prices to the three month futures of aluminium on the London Metal Exchange. On November 9, 2021, the LME aluminium benchmark price grew for the second day in a row by US$51.50 per tonne to come in at US$2,582 per tonne. On a month-on-month calculation, the price stood nearly 11 per cent lower than US$2,902 per tonne. Vedanta’s aluminium business typically accounts for one-third of the...
In October 2021, China’s primary aluminium production reflected a month-on-month increase of 1.61 per cent from 3.11 million tonnes to 3.16 million tonnes, found the Shanghai Metals Market. But on a year-on-year basis, the output stood down by 2.55 per cent from 3.25 million tonnes. SMM data showed the daily output in October averaged 102,000 tonnes, which was 1.64 per cent less than 103,700 tonnes in the previous month. This downfall could be attributed to the fall in operating capacities in Shanxi, Henan, and Guizhou due to power rationing and production restriction in the winter heating season. No existing capacity was resumed nor were any new capacities put into production. From January to October 2021, China churned out 32.24 million tonnes of primary aluminium in total, an increase...
Three-month LME aluminium opened at US$2,602.50 per tonne yesterday and closed at US$2,562 per tonne, a decrease of 1.46 per cent. On Tuesday, November 9, LME aluminium cash (bid) price grew by US$51 per tonne to come in at US$2,581 per tonne, while LME official settlement price increased by US$51.50 per tonne to settle at US$2,582 per tonne. 3-month bid price and 3-month offer price stood at US$2,600 per tonne and US$2,601 per tonne, respectively. December 22 bid price and December 22 offer price totalled US$2,578 per tonne and US$2,583 per tonne. LME aluminium opening stock on November 9 continued to decline to 991375 tonnes. Live warrants slumped to 599925 tonnes, while cancelled warrants climbed to 391450 tonnes. LME aluminium 3-month Asian Reference Price stood at US$2,587 per tonne...
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 fully-fledged roadmap to realise its ambitious ESG goals pursuant to Bahrain’s commitment for ‘Net Zero Emissions’ by 2060. The roadmap of Alba will lay out quick wins, short-term and long-term goals in compliance with the Company’s Mission to inspire change and encourage its status as an Aluminium Stewardship Initiative (ASI) certified aluminium producer. Lately, Alba has issued a public tender for supplying and installing solar panels for its Solar Farm with a view to diversify its energy sources and adopt clean energy in line with the Kingdom of Bahrain’s Economic Vision 2030 and its...
On Monday, November 8, Alcoa Corporation disclosed a technology roadmap for the aluminium industry to achieve a sustainable future, attaining net-zero greenhouse gas emissions by 2050 across global operations. The list of technologies included a new, proprietary post-consumer scrap recycling process and processes to design a refinery that lowers capital intensity, eliminates carbon emissions, and addresses other industry challenges. “Our technology roadmap represents an array of next-generation solutions that could significantly reduce emissions across the upstream value chain and concurrently generate significant stockholder value,” said Alcoa President and CEO Roy Harvey. “Our Refinery of the Future design and the ELYSIS zero carbon smelting technology, as just two examples, not only...
Domestic primary aluminium production in the United States in August 2021 stood at 73,000 tonnes, essentially unchanged from July 2021 but down year-on-year by 7,000 tonnes or 8.75 per cent from 80,000 tonnes, showed the latest data revealed by the US Census Bureau. The average daily production in August 2021 also remained the same as in the previous month at 2,360 tonnes but reflected a downfall of 9 per cent from 2,580 tonnes a year ago. Total aluminium recovered from scrap in August was 267,000 tonnes, 1,000 tonnes less than 268,000 tonnes in July and 3,000 tonnes less than 270,000 tonnes in August 2020. Of this, 142,000 tonnes of aluminium was recovered from new scrap and 125,000 tonnes from old scrap. In August 2021, the average US spot market price of primary aluminium ingot was...
Three-month LME aluminium contract rose 1.76 per cent to settle at US$2,600 per tonne on Monday, November 8. On Monday, November 8, LME aluminium cash (bid) price and LME official settlement price increased by US$40 per tonne or 1.61 percent to stand at US$2,530 per tonne and US$2,530.50 per tonne, respectively. 3-month bid price and 3-month offer price came in at US$2,557 per tonne and US$2,558 per tonne. December 22 bid price and December 22 offer price settled at US$2,542 per tonne and US$2,547 per tonne. LME aluminium opening stock on November 8 further decreased to 1000375 tonnes. Live warrants remained at 621850 tonnes, while cancelled warrants slumped to 378525 tonnes. LME aluminium 3-month Asian Reference Price stood at US$2,558.48 per tonne on November 8. SHFE Aluminium Price...
According to research executed by the UK’s trade association, ALFED states that the UK's aluminium industry contributes far more than previously realised in terms of revenue and employment to the national economy. The voice of the UK aluminium industry, Aluminium Federation UK’s research has found that the sector directly employs 37,000 people across the UK, contributing almost £3 billion in Gross Value Added to the country’s GDP. The previous extensive supply chain spill-over effects are taken into account, hence, the sector supports at least 97,000 people and £6.8bn in GVA. Tom Jones, CEO of ALFED said: “The association engaged with the Fraser of Allander Institute (FAI) – which operates within the University of Strathclyde's Business School - to take a new approach to the data on both...
On 4 th November 2021, the Swiss multinational commodity trading company Trafigura in partnership with US Special Presidential Envoy for Climate, John Kerry publicized the “First Movers Coalition”, a new platform of corporate commitments to develop demand for low carbon technologies. During the UN Climate Change Conference COP26, in Glasgow, Scotland, Trafigura Group, the founding member of the coalition symbols its official launch. Jeremy Weir, the Executive Chairman and CEO of Trafigura confirmed the group’s dedication to driving decarbonisation and the grasping of low-carbon technologies in the shipping and aluminium sectors. Trafigura assures working with the First Movers Coalition to concur future purchasing commitments for low-carbon aluminium, to incentivise and work with producers...
Emirates Global Aluminium (EGA), one of the largest companies in the UAE, has accomplished the expansion of Al Taweelah smelter in Abu Dhabi to enhance production capacity at the facility by 78,000 tonnes per year. Abdulnasser bin Kalban, CEO of EGA said: “The completion of this expansion project adds to our production capacity amid strong demand for aluminium as the world builds back better from Covid-19. The expansion was delivered below budget and on schedule.” “All 2,843 reduction cells at EGA use our own efficient technology developed in the UAE, an important source of competitive advantage and pride for us as a leader in the global aluminium industry." Mubadala Investment Company, Abu Dhabi’s strategic investment arm and the Investment Corporation of Dubai are the joint owners of...
A00 aluminium ingot price in China has increased by RMB 210 per tonne on Monday, November 8, following a sharp downfall of RMB 1,300 per tonne on Friday, November 5. According to the Shanghai Metals Market, the primary aluminium ingot price has come in at RMB 18,860 per tonne, with average prices likely to range between RMB 18,840 per tonne and RMB 18,880 per tonne. The spot contract is estimated to be traded at a premium price of RMB 80-40 per tonne. In Wuxi and Foshan, A00 aluminium ingot price has hiked by RMB 215 per tonne and RMB 210 per tonne to stand at RMB 18,845 per tonne and RMB 18,950 per tonne, respectively. A00 aluminium ingot price is also standing at RMB 18,845 per tonne in Hangzhou but by declining RMB 205 per tonne. In Tianjin and Chongqing, the primary aluminium ingot...
LME aluminium opened at US$2,558 per tonne last Friday morning and closed at US$2,555 per tonne. On Friday, November 5, LME aluminium cash (bid) price shrank by US$152.5 per tonne or by 5.77 percent to stand at US$2,490 per tonne. LME aluminium official settlement price also got reduced by US$152.5 per tonne or by 5.76 percent to record at US$2,490.50 per tonne. December 22 bid price and December 22 offer price settled at US$2,503 per tonne and US$2,508 per tonne. LME aluminium opening stock on November 5 closed at 1004050 tonnes. Live warrants for the same day stood at 621850 tonnes and cancelled warrant settled at 382200 tonnes. LME aluminium 3-month Asian Reference Price stood at US$2,526.15 per tonne on November 5. SHFE Aluminium Price Trend On Monday, November 8, the benchmark...
National Aluminium Company Limited further decreased its aluminium ingot and aluminium products prices significantly on Saturday, November 6, more than a week after the last cut on October 28. The latest slash brought the company’s aluminium ingot price to 216,150-219,650 per tonne versus INR 234,250-237,750 per tonne on October 28. That was a steep fall of INR 18,100 per tonne or 7.7 per cent. NALCO’s aluminium wire rod price came in at INR 218,650-223000 per tonne, down by INR 18,100 per tonne from INR 236,750-241,100 per tonne. NALCO is currently selling its aluminium billets at INR 219,600-222,250 per tonne, also less by INR 18,100 per tonne than the last selling price of INR 237,700-240,350 per tonne on October 28. NALCO links its aluminium ingot and aluminium products prices to the...
On 08 th November 2021, Alcoa Australia stated that it would resume functionalizing 35,000 tonnes per year of long retrenched capacity at its Portland aluminium smelter in Australia that will drive operations at the facility to around 95% of capacity amid supply shortage of the metal. Alcoa said that the procedure to resume the capacity, which was redundant since 2009, will commence forthright with metal output to begin in Q32022. Michael Gollschewski, President of Alcoa Australia said: “Restarting the idle capacity improves the smelter's cost structure, competitiveness and longer-term sustainability.” The prices of aluminium have skyrocketed to a 13-year high in October 2021, due to production restrictions by the world’s biggest producer, China. However, the aluminium prices remain...
The primary aluminium segment of the global aluminium industry has been in the limelight due to various events. In China, the Yunnan provincial government issued a policy prescribing an immediate cancellation of power price discounts and subsidies to the aluminium industry. It used to offer preferential electricity pricing to aluminium companies at 16% to 22% lower than the industry average. The US-based primary aluminium producer, Century Aluminium revealed their Q3 2021 results reporting a 10% rise in net sales with a net loss of $52.4 million. The price of aluminium, which is required for making almost everything from soda cans to aeroplane components, had stabilised after reaching a 13-year high of US$3,221 during the third quarter, due to the supply concerns caused by China’s power...
