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 Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) reported that the aluminium ingot production in Iran registered a hike of 23 per cent during the first six months of the nation’s calendar year (from March 21 to September 21) as compared to the same period last year. The organization also revealed that four major aluminium producers of Iran churned out 260,679 tonnes of aluminium ingot in total within the first six months of the year, while during the same period last year, the production stood at 211,779 tonnes. The large producers included Iran Alumina Company, Al-Mahdi Aluminum Production Co., IRALCO and SALCO. In the first four months of Iranian calendar year, aluminium ingot production stood at 175,000 tonnes, reflecting an increase of 26.30 per...
On 26 th October 2021, the Chinese company listed in Hong Kong and in New York bourse, Aluminum Corp of China Ltd stated that its quarterly net profits in July-September leapt more than five-fold Y-o-Y, swiping to highest since late 2013 on the shoulders of booming aluminium and alumina prices. The Chinese state-controlled company, Chalco, said: “Q3 net income was RMB 2.23 billion ($349 million), up around 430% from an adjusted RMB 421.25 million a year earlier.” The Refinitiv Eikon data reveals: “Profits were also up almost 6% from a bumper second quarter and marked Chalco's best result since the net income of RMB 2.79 billion in the fourth quarter of 2013.” The Q3 revenues concurrently shot up by 51.3% Y-o-Y to RMB 74.19 billion as Shanghai aluminium prices escalated to their highest...
In September 2021, North America produced 304,000 tonnes of primary aluminium compared to 315,000 tonnes in August, found the International Aluminium Institute (IAI). That was down by 11,000 tonnes or 3.49 per cent month-on-month, learned the data. On a year-on-year calculation, North America’s primary aluminium production was 4.1 per cent or 13,000 tonnes less than 317,000 tonnes. From July to September (Q3 2021), North America churned out 952,000 tonnes of primary aluminium, which reflected a decrease of 4.23 per cent quarter-on-quarter from 994,000 tonnes. Also over the year, the output stood 2.96 per cent lower than 981,000 million tonnes. In total nine months of the year, North America’s primary aluminium production amounted to 2.932 million tonnes, down by 1.48 per cent from 2.976...
The global metal giant Rio Tinto partners with Carbfix, the provider of natural and permanent storage solutions by turning CO2 into stone underground in less than two years, to implement a technology for capturing carbon and permanently storing it underground at the ISAL aluminium smelter in Iceland. The MoU for a strategic partnership reveals that Carbfix will use Rio Tinto’s land surrounding the ISAL smelter for onshore CO2 injection in the world’s first carbon mineral storage hub, the Coda Terminal, while liquefied CO2 will be imported by ship from industrial sites across North Europe for storage. Rio Tinto visions ISAL as an ideal site to become the first smelter where carbon capture and storage is implemented in the aluminium industry. Both the parties will work together to advance...
En+ Group and its metals subsidiary, RUSAL has released new research today that emphasises the vital role of low carbon aluminium in Japan's Green Growth Strategy, laying the groundwork for the green energy transition and the further expansion of the circular economy. Based on industry statistics, the study forecasts a 20 percent growth in demand for aluminium semis from Japanese firms between 2020 and 2025. While cast aluminium products in Japan are nearly 100 percent recyclable, primary aluminium will still be required to supply more than 50 percent of predicted demand. Because of the high energy intensity of aluminium manufacturing, raw materials imported into Japan can have dramatically varying embedded emissions depending on the power sources employed, according to the report. When...
To meet a 2050 net-zero carbon emissions target, Australia is banking on existing technology and unproven innovations. Prime Minister Scott Morrison will carry the pledge to the UN's COP26 climate meeting in Glasgow, which begins on Sunday. Despite worldwide pressure to do more in the coming decade to reduce global temperature rises, Australia will not change its 2030 targets. Instead, the administration announced fresh predictions suggesting that by the end of the decade, the country will have reduced its emissions by 30 to 35% compared to 2005 levels. This exceeds the current target of 26 to 28% but falls well short of countries like the United States, which has vowed a reduction of 50 to 52%. Mr Morrison stated on Tuesday that the government's ambition to achieve carbon neutrality by...
A00 aluminium ingot price in China has continued to decline for the third day in a row by a significant amount of RMB 790 per tonne to stand at RMB 20,860 per tonne on October 26, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,840 per tonne and RMB 20,880 per tonne, with spot contract to be traded at a premium price of RMB 100-60 per tonne. In Hangzhou, Chongqing, and Wuxi, A00 aluminium ingot price is standing at RMB 20,850 per tonne by losing RMB 810 per tonne, RMB 795 per tonne, and RMB 790 per tonne, respectively. In Shenyang, primary aluminium ingot price has also plunged by RMB 790 per tonne but come in at RMB 20,920 per tonne. In Gongyi and Foshan, the price has plunged by RMB 770 per tonne and RMB 750 per tonne to close at RMB 20,790 per...
Three-month LME aluminium rose 0.75 percent to end at US$2,896.5 per tonne on Monday. On Monday, October 25, both LME aluminium cash (bid) price and LME aluminium official settlement price descended by US$29 or by 0.98 percent to total at US$2916.5 per tonne and US$2,917 per tonne. SHFE Aluminium Price Trend On Monday, October 25, benchmark aluminium price for SHFE decreased by US$127 to settle at US$3,281 per tonne. The most-traded SHFE 2112 aluminium closed down RMB 345 per tonne to RMB 21665 per tonne, with open interest down 5272 lots to 205809 lots. The most-traded SHFE 2112 aluminium contract fell 2.12 percent to settle at RMB 21,205 per tonne last night.
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On Sunday, October 24, Aluminium Bahrain (Alba), launched their second plant-wide Social, Environment, and Governance Awareness Campaign (ESG) called, ‘Shaping Our Future.’ Alba is one of the world’s leading smelters in Sustainable Development. Ali Al Baqali, the Chief Executive Officer of Alba started the campaign with a virtual keynote, signifying the achievements of the company and adaptability in terms of ESG. He also highlighted the incorporation of Bahrain’s Economic Vision 2030 Objectives and UN Sustainable Development Goals (SDGs) into the 5-year strategy of Alba. “To anchor sustainability at the heart of Alba, we have linked ESG in every aspect of our operations; this was also underlined in our Mission on how to remain competitive while charting a path to greater economic and...
Qatar Aluminium Manufacturing Company (QAMCO) has announced the highest ever quarterly net profit of QR233 million during Q3 2021, ended September 30, as it has reaped the benefit of strong aluminium pricing amid renewed demand and restrained supply. That brought the total net profit to QR521 million for the nine-month period, an increase of 4,242 per cent from QR12 million during the same period last year. QAMCO’s share of revenue from JV amounted to QR2,127 million from January to September, compared to QR1,607 million a year ago, while its share of EBITDA stood at QR918 million, up by 104 per cent from QR450 million. QAMCO’s EBITDA margin was 43 per cent, while its closing cash balance was QR1.121 billion. QAMCO’s improved financial results were largely due to the growth in global...
A00 aluminium ingot price in China has opened the week with a plunge of RMB 250 per tonne on Monday, October 25, to stand at RMB 21,650 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 21,630 per tonne and RMB 21,650 per tonne, with average prices likely to range between RMB100-60 per tonne. In Tianjin, Shenyang, and Linyi, A00 aluminium ingot price has come in at RMB 21,710 per tonne by losing RMB 300 per tonne, RMB 280 per tonne, and RMB 270, respectively. In Wuxi and Gongyi, the primary aluminium ingot price has decreased by RMB 255 per tonne and RMB 250 per tonne to stand at RMB 21,640 per tonne and RMB 21,560 per tonne, while the price in Hangzhou and Chongqing has reduced by RMB 240 per tonne and RMB 225 per tonne to peg at RMB 21,660...
LME aluminium opened at US$2,912.5 per tonne last Friday morning and closed at US$2,875 per tonne, down US$28 per tonne or 0.96 percent. LME aluminium cash (bid) price moved down by US$67.5 or by 2.24 percent to close at US$2,945.50 per tonne. LME aluminium official settlement price descended by US$68 or by 2.25 percent to total at US$2,946 per tonne. 3-month bid price and 3-month offer price settled at US$2,955 per tonne and US$2,957 per tonne. December 22 bid price closed at US$2,857 per tonne and the offer price for the same day totalled at US$2,862 per tonne. LME aluminium opening stock for October 22 closed at 1086625 tonnes. Live warrants for the same day totalled at 621150 tonnes and cancelled warrants stood at 465475 tonnes. LME aluminium 3-month Asian Reference Price for Friday,...
National Aluminium Company Limited has sharply reduced its aluminium ingot and aluminium products prices with effect from Saturday, October 23, following a significant rise of INR 24,300 per tonne on October 15. With the latest cut, NALCO’s aluminium ingot price has come in at INR 253350-256850 per tonne, down by INR 18,500 per tonne or 6.8 per cent from INR 271,850-275,350 per tonne. NALCO’s aluminium wire rod price has also seen a plunge of INR 18,500 per tonne, which has brought the price from INR 274,350-278,700 per tonne to INR 255,850-260,200 per tonne. Aluminium billets price has come in at INR 256,800-259,450 per tonne compared to INR 275,300-277,950 per tonne on October 15. NALCO links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on...
On 22 nd October 2021, the largest aluminium smelter in Europe that specialises in the production of aluminium slabs and ingots, Aluminium Dunkerque Industries France SAS, formerly known as Liberty Industries France SAS accomplished the refinancing of its Senior Facility Agreement, comprising approximately $235 million of funded debt and $60 million in hedging liabilities. The company confirmed all holders of this facility that were previously in default have received payment at par plus accrued interest. The replacement facility is a bond held by affiliates of American Industrial Partners (AIP) Capital Fund VII, L.P. ("AIP"). The replacement facility comes with a five-year maturity, a diminished cash-pay interest rate and no mandatory amortization. The replacement facility also provides...
Coal shortage continues to be a matter of concern for the Indian aluminium industry this week. However, Indian state-run coal exploitation and refining company, Coal India Limited (CIL) has clarified that the supply dry foil fuel to the non-power sector like aluminium, steel, etc. has been diminished, but not completely ceased as professed by some sectors. As reported by a senior official of CIL, the course of action has been taken to consummate emergency demands for power plants as the country encounters a coal crisis. To know more: https://www.alcircle.com/news/supply-of-dry-fuel-to-the-non-power-sector-is-regulated-not-stopped-coal-india-71645 According to another report, due to the limited coal stock as Coal India has curtailed supply, India’s aluminium makers are taking costlier...
Primary aluminium production in Africa stood at 132,000 tonnes during September 2021, reflecting a decrease of 4,000 tonnes or 2.94 per cent month-on-month, found the International Aluminium Institute. In August 2021, Africa produced 136,000 tonnes of primary aluminium, which was only 1,000 tonnes higher than 135,000 tonnes in July. From a year ago, Africa’s primary aluminium production in September registered an increase of only 1,000 tonnes from 131,000 tonnes. Africa’s total primary aluminium production during July-September (Q3 2021) came in at 403,000 tonnes, up by 1.77 per cent quarter-on-quarter from 396,000 tonnes and 0.50 per cent year-on-year from 401,000 tonnes. From January to September 2021, primary aluminium production in Africa totalled 1.184 million tonnes – 1.74 per cent...
AlCircle, one of the leading providers of information related to the metal industry, believes in staying at the forefront of the global aluminium value chain sector. By delivering the latest information and data related to the industry, AlCircle likes to stay connected with their readers and keep them well informed about the industry. After the grand success of the first and second e-magazine under the topic Industry 4.0, AlCircle has come up with the third edition in this series of e-Magazine titled as “Aluminium Industry 4.0: Drivers & Change Makers of 2021”. The 3rd edition of the e-Magazine contains interviews and articles of some of the famous aluminium industry leaders, change makers, and pioneers. It also highlights the importance of Industry 4.0, its success stories, and how it is...
Hindalco Industries Limited has sharply cut its aluminium ingot and aluminium products prices with effect from Friday, October 21, following several growths until October 19. Hindalco’s aluminium ingot price has shrunk by INR 10,500 per tonne from INR 277,000 per tonne to INR 266,500 per tonne. The company has also cut its aluminium wire rod price by INR 10,500 per tonne from INR 288,100 per tonne on October 19 to INR 277,600 per tonne on October 21. Aluminium billets price is standing at INR 277,100 per tonne compared to INR 287,600 per tonne on the previous day. 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 during October 19-21 by US$162 per tonne to stand at...
