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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Century Aluminum Company announced the third-quarter results of 2021 ended September 30, reporting a 10 per cent rise in net sales quarter-on-quarter from $528 million to $582.4 million. Shipments grew 3 per cent from 190,894 tonnes in Q2 2021 to 196,095 tonnes in Q3 2021. The company also reported a net loss of $52.4 million for the third quarter, which was $17.3 million lower than $35.1 million in the second quarter. The third-quarter results were negatively impacted by $46.7 million of net exceptional items, in particular $35.0 million of unrealized losses on derivative instruments, $7.7 million in legal settlements, and $4.0 million in share-based compensation costs. However, adjusted net loss improved sequentially by $22.1 million to $5.7 million in Q3. Adjusted EBITDA increased...
According to the Shanghai Metals Market, social inventories of primary aluminium built-up 31,000 tonnes or 12.32 week-on-week across eight major Chinese consumption areas. On Thursday, November 4, primary aluminium inventories came in at 1.01 million tonnes, contributed by higher stock arrivals in Wuxi, Linyi, and Shanghai. Last week, on October 28, primary aluminium inventories stood at 982,000 tonnes, climbing by 25,000 tonnes from the previous week. The chart below indicates the current status of primary aluminium inventories across China in more detail: Primary aluminium inventories in Wuxi this week gained the highest stocks of 21,000 tonnes week-on-week to stand at 362,000 tonnes, followed by the increase of 6,000 tonnes in Linyi to come in at 23,000 tonnes. In Shanghai and...
The carbon-free aluminium smelting for widely usable products varying from smartphones to cars and drink, cans are one step closer with ELYSIS effectively producing aluminium without any direct greenhouse emissions at its Industrial Research and Development Center in Saguenay (QC), Canada. The production of aluminium at the ELYSIS Industrial Research and Development Center denotes the achievement of a remarkable milestone, using a full industrial design at a size comparable to small smelting cells operating in the industry today. François-Philippe Champagne, Minister of Innovation, Science and Industry of Canada said: “Congratulations to the workers at ELYSIS who have taken another step towards producing carbon-free aluminium. ELYSIS and key local players in the supply chain are making us...
LME aluminium opened at US$2,680.5 per tonne on Thursday morning and closed at US$2,553.5per tonne, down US$132.5 per tonne or 4.93 percent. On Thursday, November 4, both LME aluminium cash (bid) price and LME aluminium official settlement price decreased by US$63 or by 2.32 percent to settle at US$2,642.50 per tonne and US$2,643 per tonne. 3-month bid price and 3-month offer price stood at US$2,664 per tonne and US$2,666 per tonne. December 22 bid price and December 22 offer price was recorded at US$2,633 per tonne and US$2,638 per tonne. LME aluminium opening stock on November 4 stood at 1009725 tonnes. Live warrants for the same day settled at 621850 tonnes and cancelled warrant for closed at 387875 tonnes. LME aluminium 3-month Asian Reference Price closed at US$2,663.01 per tonne on...
The expectation is gradually peering through the clouds of Russia, that the govt. might remove the taxes on aluminium exports and foster global supplies due to the triggered inventory sell-off that has marked down the prices of the metal on the physical market in the US and in Europe. Following the run down in aluminium stocks that were estimated at around 1 million tonnes in Europe and up to half a million tonnes in the United States, propels the prices towards a further downfall. The implementation of a 15% export tax on primary aluminium exports by Russia or a minimum of $254 a tonne, during the August and December phase is not envisioned to be recommencing after it manifested to discard the duty on aluminium-based alloys. The tax was applied to the Russian aluminium giant Rusal, one...
The Russian aluminium giant, RUSAL participates in the 26 th UN Climate Change Conference that is happening in Glasgow, United Kingdom. The global leader in the production of low-carbon aluminium, RUSAL discusses the path to decarbonize the aluminium industry, within the framework of COP26. However, business representatives and expert organizations talked about the risks and opportunities confronted by the aluminium industry in the activity of zero greenhouse gas emissions (Net Zero), as well as the possibility of conquering technological barricade, which currently staves off further decarbonization of the preliminary phases of the primary aluminium production and supply chain. These comprise bauxite mining, alumina production and metal electrolysis. The experts will also discuss the role...
Hindalco Industries Limited has further reduced its aluminium ingot and aluminium products prices with effect from Wednesday, November 3. The company’s aluminium ingot price has come in at INR 234,250 per tonne, down by INR 2,500 per tonne from INR 236,750 per tonne on October 28. Hindalco, with effect with November 3, is selling its aluminium wire rod at INR 245,350 per tonne as compared to INR 247,850 per tonne in the previous week. Hindalco’s aluminium billets price also saw a cut of INR 2,500 per tonne on November 3 from INR 247,350 per tonne to INR 244,850 per tonne. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which decreased after October 28 by US$15 per tonne to stand at...
LME aluminium opened at US$2,682 per tonne on Wednesday morning and closed at US$2,686 per tonne, up US$6 per tonne or 0.22 percent. On Wednesday, November 3, LME aluminium cash (bid) price moved up by US$26.5 per tonne or by 0.98 percent to close at US$2,705.50 per tonne. LME aluminium official settlement price increased by US$26 per tonne or by 0.97 percent to close at US$2,706 per tonne. 3-month bid price and 3-month offer price US$2,722 per tonne and US$2,724 per tonne. December 22 bid price and December 22 offer price settled at US$2,677 per tonne and US$2,682 per tonne, respectively. LME aluminium opening stock was on November 3 was recorded at 1019825 tonnes. Live warrants for the same day stood at 625350 tonnes and cancelled warrants totalled at 394475 tonnes. LME aluminium...
Australian Bauxite Limited is eyeing to expand aluminium fluoride production and thus, establishing a pilot plant on the mainland. The subsidiary, Alcore, initially aims at starting a commercial production at Bell Bay with a 10,000 tonnes per year capacity before ramping it up over time to 60,000 tonnes per year. "At current cost scenarios, this could achieve an EBITDA (earnings before interest, tax, depreciation and amortisation) of approximately $50 million per annum," said Sydney-headquartered Australian Bauxite in the September quarterly report. The company believes that the expansion of aluminium fluoride production capacity in Bell Bay, Tasmania, will provide a secured supply of raw material to Australian aluminium production, which is worth more than $4.5 billion per year....
Southwest China’s Yunnan province, one of the country’s largest aluminium-producing areas, has reportedly removed preferential electricity pricing for electrolytic aluminium producers to control power consumption amid shortages. The news came after the provincial government issued a policy on Monday prescribing an immediate cancellation of power price discounts and subsidies to the aluminium industry. This will result in an increase in electricity costs, estimates Shi Fuliang, co-founder of aluminium industry research firm ALD. Shi Fuliang said the province would adopt a tiered electricity pricing system. Yunnan used to offer preferential electricity pricing to aluminium companies at 16 per cent to 22 per cent lower than the industry average. The cost of electricity accounts for 40 per...
LME aluminium opened at US$2,722 per tonne on Tuesday morning and closed at US$2,680 per tonne, down $39.50 per tonne or 1.45 per cent. On Monday, November 2, LME aluminium cash (bid) price shrank by US$ 33.50 per tonne or 1.24 per cent to stand at US$ 2,679 per tonne, while LME aluminium official settlement price plunged by US$33 per tonne to come in at US$2,680 per tonne. 3-month bid price and 3-month offer price totalled US$2,697 per tonne and US$2,698 per tonne. December 22 bid price and December 22 offer price closed at US$2,640 per tonne and US$2,645 per tonne, respectively. LME aluminium opening stock on November 2 declined from 1035525 tonnes to 1028325 tonnes. Live warrants settled at 625350 tonnes and cancelled warrants recorded at 402975 tonnes. LME aluminium 3-month Asian...
Price of aluminium will stay high until next year, since smelters have been compelled to cut production due to increased energy costs. On Monday, Global analysts stated that, the total price of aluminium in 2021 is expected to stand at US$2,450 per tonne and US$2,300 per tonne in 2022, up from US$2,300 per tonne and US$2,100 per tonne in the previous year. 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 crunch. In order to decrease the pressure on the power grid, aluminium smelters in China were asked to limit or stop their production. In addition, worldwide producers were also asked to reduce...
On Monday, En+ group, one of the largest shareholders of Rusal stated that the company is expected to complete the demerger of its higher-carbon assets into a new business in the second half of 2022. Previously, Hong-Kong listed Rusal, largest producer of aluminium outside China had anticipated this procedure to be completed in the first quarter of 2022. As part of the effort, it aims to change its name to AL+, which it expects will help it reach carbon neutrality by 2050. Rusal's high-carbon operations should be demerged, according to En+, which controls 56.9 percent of the company. Sual Partners, Rusal's second-largest stakeholder, also supports the notion, according to En+. Sual Partners, which controls 25.6 percent of Rusal, stated in a separate statement, “fully shares Rusal’s...
Three-month LME aluminium opened at US$2,742 per tonne yesterday and closed at US$2,719.5 per tonne, down 0.51 percent. On Monday, November 1, LME aluminium cash (bid) price soars up by US$18 or by 0.66 percent to stand at US$2,712.50 per tonne. LME aluminium official settlement price also ascended by US$18 or by 0.66 percent to total at US$2,713 per tonne. December 22 bid price and December 22 offer price closed at US$2,660 per tonne and US$2,665 per tonne. LME aluminium opening stock on November 1 stood at 1035525 tonnes. Live warrants settled at 625350 tonnes and cancelled warrants were recorded at 410175 tonnes. LME aluminium 3-month Asian Reference Price for Monday, November 1, closed at US$2,719.42 per tonne. SHFE Aluminium Price Trend On Tuesday, November 2, the benchmark aluminium...
The global aluminium industry observed several enticing events in the month of October 2021. The interim President of Guinea with the authorities has set up an Audit Committee that will be responsible for scrutinizing the financial misconduct of the Alpha Condé regime majorly of the bauxite mining contracts. The London Metal Exchange witnessed the surge of aluminium price as it crossed the $3000 per tonne mark, the highest since July 2008. The metal aluminium consumes around 14-megawatt hours of power for one-tonne output. According to the Dutch aluminium producer, Aldel, the cost of electricity is currently about 4,500 euros per tonne of aluminium, while the aluminium selling price is around 2,500 euros per tonne. The Guinea coup leader turned interim President of the West African...
Researchers at the National University of Science and Technology (NUST MISIS) collaborated with other Russian experts to develop a low-cost aluminium alloy that can resist temperatures up to 150°C higher than its counterparts. The material, according to the experts who developed it, would drastically lower the weight and carbon footprint of new rail trains, aeroplanes, and other technology. The Journal of Alloys and Compounds has published their study. In practically all conditions, including the atmosphere, seas, freshwater, many chemical solutions, and most foodstuffs, aluminium and most aluminum-based alloys are extremely corrosion resistant. Aluminium is widely used in aerospace, automotive, electronics, and other sectors because to these qualities, as well as its low specific gravity...
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China, has announced the third quarter and nine months report of 2021, wherein it has mentioned a profit of BD125.9 million (US$335 million) for Q3 2021, versus a Loss of BD11.6 million (US$30.9 million) for the same period in 2020. The total comprehensive income stood at BD126.4 million (US$336.1 million) in Q3 as against BD11.7 million (US$31.1 million) a year ago. With regards to revenue, it increased by 48 per cent year-on-year from BD262.7 million (US$698.6 million) to BD388.9 million (US$1,034.2 million) in 3Q2021. In nine months, Alba earned a profit of BD270.7 million (US$720 million), up by 1,320 per cent YoY, versus a Loss of BD22.2 million (US$59.1 million) for the same period in 2020. Comprehensive...
LME aluminium opened at US$2,749 per tonne last Friday morning and closed at US$2,733.5 per tonne, down US$14.5 per tonne or 0.53 percent. Both LME aluminium cash (bid) price and LME aluminium official settlement price decreased by US$26 or by 0.95 percent to total at US$2,694.50 per tonne and US$2,695 per tonne. 3-month bid price and 3-month offer price US$2,693 per tonne and US$2,695 per tonne. December 22 bid price and December 22 offer price stood at US$2,628 per tonne and US$2,633 per tonne. LME aluminium opening stock on October 29 settled at 1042800 tonnes. Live warrants were recorded at 625350 tonnes and cancelled warrants closed at 417450 tonnes. LME aluminium 3-month Asian Reference Price for Friday, October 29, totalled at US$2,697.42 per tonne. SHFE Aluminium Price Trend On...
