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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LME aluminium opened at US$3,093.5 per tonne on Thursday morning and closed at US$2,903 per tonne, down US$194 per tonne or 6.26 percent. LME aluminium cash (bid) price decreased by US$51.5 or by 1.68 percent to settle at US$3,013 per tonne. LME aluminium official settlement price also moved down by US$51 or by 1.66 percent to score at US$3,014 per tonne. 3-month bid price and 3-month offer price closed at US$3,023 per tonne and US$3,023.50 per tonne. December 22 bid price totalled at US$2,903 per tonne and the offer price for the same day settled at US$2,908 per tonne. LME aluminium opening stock for October 21 stood at 1092600 tonnes. Live warrants for the same day closed at 625050 tonnes and cancelled warrants were recorded at 467550 tonnes. LME aluminium 3-month Asian Reference Price...
After an intermittent rise of RMB 220 per tonne on October 21, A00 aluminium ingot price in China has again decreased sharply to close the week below RMB 22,000 per tonne. The Shanghai Metals Market data has found that the primary aluminium ingot price has plummeted by RMB 1,440 per tonne on October 22 to come in at RMB 21,900 per tonne. The average prices are expected to range between RMB 21,880 per tonne and RMB 21,920 per tonne, with spot contract to be traded at a premium price of RMB 110-70 per tonne. In Chongqing, A00 aluminium ingot price has plunged by RMB 1,460 per tonne to stand at RMB 21,870 per tonne, and the price in Chongqing has declined by RMB 1,445 per tonne to peg at RMB 21,895 per tonne. In Hangzhou and Foshan, the primary aluminium ingot price has also declined...
According to the Shanghai Metals Market, China’s social inventories of primary aluminium have sharply grown by 70,000 tonnes across eight major consumption areas, including SHFE warrants, to come in at 957,000 tonnes on Thursday, October 21. This drastic growth is caused by higher arrivals of stocks at warehouses amid sluggish demand. Last week on October 14, China’s primary aluminium inventories stood at 887,000 tonnes by gaining 25,000 tonnes week-on-week. The chart below indicates the current status of primary aluminium inventories across China in more detail: Among all the major Chinese cities, Wuxi has seen the highest growth of 28,000 tonnes week-on-week to stand at 324,000 tonnes, followed by the increase of 17,000 tonnes in Shanghai to peg at 96,000 tonnes. In Nanhai and Gongyi,...
South32, a diversified mining and metal company, has kept its output estimate steady for the fiscal year 2022, based on the output in the first quarter. On Thursday, October 21, South32 informed that alumina output fell 10 percent Q-o-Q in the first quarter of FY2022 to 1.2 million tonnes, while aluminium production climbed by 1 percent to close at 248,000 tonnes. Following an incident in July that damaged one of the refinery's two bauxite unloaders, alumina production in Brazil fell by 22 percent in the third quarter. The business took swift steps to reduce the inconvenience by installing temporary loading equipment, and it was back up and running in October. “Our operations continue to perform well, achieving record production at South Africa Manganese and maintaining production above...
The world primary aluminium production continued to decrease in September 2021 by 3.20 per cent month-on-month to stand at 5.508 million tonnes, found the International Aluminium Institute. In August 2021, the output was 5.690 million tonnes, down by 0.75 per cent from 5.733 million tonnes in July. However, on a year-on-year calculation, the world production in September stood 1.77 per cent higher from 5.412 million tonnes. Total production in Q3 2021 (July-September) came in at 16.931 million tonnes, essentially unchanged from 16.922 million tonnes in Q2 2021 but 3.22 per cent more than 16.402 million tonnes a year ago. From January to September, the output totalled 50.639 million tonnes, 4.40 per cent higher than 48.504 million tonnes during the same period last year. The average daily...
On 20 th October 2021, the Secretary of the Mines Ministry, Govt. of India, Alok Tandon inaugurated the National Aluminium Company’s Lean Slurry Project at Angul, Odisha marking a notable milestone in the Indian state-owned integrated aluminium company’s journey for business supremacy and embracing outstanding practices in environmental management. Nalco released a statement that states the accomplishment of the Lean Slurry Project by Nalco will secure 100% utilisation of the ash produced at the company’s Captive Power Plant (CPP) and marks a remarkable move in its obligation towards environment-friendly and sustainable operations. The Chairman-cum-Managing Director (CMD) of Nalco, Sridhar Patra chaperoned Alok Tandon, visited the aluminium smelter and Captive Power Plant of Nalco at...
Three-month LME aluminium closed at US$3,097 per tonne, down 0.19 percent or US$6 per tonne. On Wednesday, October 20, both LME aluminium cash (bid) price and LME aluminium official settlement price moved down by US$111 or by 3.49 percent to total at US$3,064.50 per tonne and US$3,065 per tonne. 3-month bid price and 3-month offer price scored at US$3,074 per tonne and US$3,076 per tonne. December 22 bid price settled at US$2,963 per tonne and the offer price for the same day closed at US$2,968 per tonne. LME aluminium opening stock for October 20 was found to be 1098300 tonnes. Live warrants for the same day totalled at 625250 tonnes and cancelled warrants settled at 473050 tonnes. LME aluminium 3-month Asian Reference Price for Wednesday, October 20, stood at US$3034.63 per tonne. SHFE...
The voice of the aluminium industry in Europe, European Aluminium appreciates aluminium’s unique and permanent properties, as aluminium has been on a steady growth path since large-scale industrial aluminium production started in 1886. The metal aluminium is now the fastest-growing metal and the second most used metal in the world. The 1981 born, European Aluminium supported the growth of the European aluminium industry and to observe its 40 th anniversary, the association launched a micro-site, magazine and academic paper charting the development of the aluminium industry in Europe and the extraordinary rise of aluminium as a vital enabler of a more sustainable society. Gerd Götz, Director General of European Aluminium said: “Since the birth of European Aluminium in 1981, the association...
The Aluminium Association of India (AAI) on Tuesday, October 20, informed that India's aluminium makers are taking costlier electricity from the national grid, adding to pressure on utilities with limited coal stock, as state-run Coal India has curtailed supply. Due to a severe shortfall across the nation, state-run Coal India has imposed temporary supply restrictions on non-power users, including the energy-intensive aluminium industry, forcing manufacturers to use the grid. Aluminium producers in India, such as Hindalco Industries Ltd and Vedanta Ltd rely heavily on power supplied by captive utilities, which are not connected to the national grid and where firms generate electricity for their own use. The Aluminium Associates of India (AAI) estimates that the aluminium production may...
Three-month LME aluminium closed at US$3,170 per tonne, down 0.16 percent. LME aluminium cash (bid) price descended by US$3.5 or by 0.11 percent to close at US$3,175.50 per tonne. LME aluminium official settlement price decreased by US$4 or by 0.12 percent to total at US$3,176 per tonne. 3-month bid price and 3-month offer price was recorded at US$3,194 per tonne and US$3,195 per tonne. December 22 bid price stood at US$3,048 per tonne and the offer price for the same day was found to be US$3,053 per tonne. LME aluminium opening stock for October 19 closed at 1103275 tonnes. Live warrants for the same day settled at 625250 tonnes and cancelled warrants closed at 478025 tonnes. LME aluminium 3-month Asian Reference Price for Tuesday, October 19, totalled at US$3204.64 per tonne. SHFE...
After hiking for the last three days exceeding RMB 24,000 per tonne, A00 aluminium ingot price in China has recorded a sharp fall of RMB 1,120 per tonne to come at the level of RMB 23,000 per tonne. According to the Shanghai Metals Market data, A00 aluminium ingot price has settled at RMB 23,120 per tonne on Wednesday, October 20. The average prices are expected to range between RMB 23,100 per tonne and RMB 23,140 per tonne, with spot contract to be traded at a premium price of RMB 160-120 per tonne. In Linyi and Tianjin, primary aluminium ingot price has decreased by RMB 1,150 per tonne and RMB 1,140 per tonne to stand at RMB 23,000 per tonne and RMB 23,050 per tonne, respectively. In Foshan and Wuxi, the price has plunged by RMB 1,130 per tonne and RMB 1,125 per tonne to peg at RMB...
The Chairman and Managing Director of the National Aluminium Company Limited (NALCO), Sridhar Patra expects that the demand for aluminium to expand by 5% - 6%. On 18 th October 2021, the aluminium stocks picked up as the world aluminium market witnessed a huge upsurge supported by the statement from the world's eighth-largest aluminium producer, Alcoa. The American multinational corporation, Alcoa was up 15% proceeding to its numbers, so on 18 th October 2021 aluminium stocks were a major point of discussion. Furthermore, global investment bank and financial services firm Credit Suisse has also stated that it remains most bullish on aluminium from the base metals pack. Sridhar Patra, Nalco CMD said: “With the curtailment of production by the majors (like China and European Union) and...
According to the data released by the National Bureau of Statistics, China, the world’s top producer of aluminium, churned out 3.08 million tonnes of primary aluminium. That was down by 2.4 per cent from 3.155 million tonnes a month ago and 2.1 per cent year-on-year, marking the fifth consecutive month of downfall caused by ongoing electricity shortages. Several Chinese regions imposed restrictions on power usage this year for energy-intensive industries, including aluminium, to ease tight electricity supply and meet energy consumption targets. The output in September was at its lowest monthly level since June 2020, showed NBS. On a daily basis, the production in September was at 102,667 tonnes per day, which was, however, an increase of 0.88 per cent from 101,770 tonnes a month ago. BMO...
According to the data shared by the General Administration of Customs on Monday, October 18, China’s aluminium imports rose 2.2 per cent month-on-month to stand at 252,921 tonnes in September 2021. That included both primary and unwrought, alloyed aluminium. In August 2021, China imported 247,547 tonnes of aluminium. Curbs on domestic aluminium production due to tight electricity supply in China increased the demand for overseas metal, resulting in a rise in imports. However, on a year-on-year calculation, the imports in September were down by 28.9 per cent, showed the data. China imported record volumes of aluminium in 2020 because of the rapid recovery in Chinese demand after the coronavirus outbreak opened up the arbitrage window for cheaper metal to flow in from overseas. Also,...
A00 aluminium ingot price in China has extended its growth for the third day in a row to reach RMB 24,240 per tonne on October 19. According to the Shanghai Metals Market, the price has grown by RMB 140 per tonne. The average prices are expected to range between RMB 24,220 per tonne and RMB 24,260 per tonne, with spot contract likely to be traded at a premium price of RMB 140-100 per tonne. In Tianjin and Linyi, A00 aluminium ingot price has hiked by RMB 180 per tonne to stand at RMB 22,800 per tonne. The price in Gongyi has also increased by RMB 180 per tonne to come in at RMB 22,660 per tonne. In Shenyang and Chongqing, primary aluminium ingot price has increased by RMB 155 per tonne and RMB 145 per tonne, respectively to close at RMB 24,190 per tonne, while the price in Foshan and...
Three-month LME aluminium closed at US$3,170 per tonne, down 0.16 percent. On Monday, October 18, both LME aluminium cash (bid) price and LME aluminium official settlement price increased by US$17 or by 0.53 percent to settle at US$3,179 per tonne and US$3,180 per tonne. 3-month bid price and 3-month offer price settled at US$3,198 per tonne and US$3,200 per tonne. December 22 bid price was recorded at US$3,040 per tonne and the offer price for the same day totalled at US$3,045 per tonne. LME aluminium opening stock for October 18 settled at 1111525 tonnes. Live warrants for the same day totalled at 625250 tonnes and cancelled warrants stood at 486275 tonnes. LME aluminium 3-month Asian Reference Price for Monday, October 18, totalled at US$3220.88 per tonne. SHFE Aluminium Price Trend On...
National Aluminium Company Limited has significantly increased its aluminium ingot and aluminium products prices, in line with a new leap of LME aluminium benchmark price. With effect from Friday, October 15, NALCO’s aluminium ingot price came in at INR 271,850-275,350 per tonne, up by INR 24,300 per tonne or 9.8 per cent from INR 247,550- 251,050 per tonne on October 7. NALCO’s aluminium products prices have also seen a surge of INR 24,300 per tonne, with effect from October 15. That brought the company’s aluminium wire rod price to INR 274,350-278,700 per tonne, in comparison with INR 250,050- 254,400 per tonne a week ago. Aluminium billets price has amounted to INR 275,300-277,950 per tonne from INR 251,000- 253,650 per tonne on October 7. NALCO links its aluminium ingot and aluminium...
A00 aluminium ingot price in China has touched a new milestone by exceeding RMB 24,000 per tonne, found the Shanghai Metals Market. On Monday, October 18, the price has jumped by RMB 450 per tonne to come in at RMB 24,100 per tonne. The average prices are expected to range between RMB 24,080 per tonne and RMB 24,120 per tonne, with spot contract to be traded at a premium price of RMB 100-60 per tonne. In Foshan, primary aluminium ingot price has also increased by RMB 450 per tonne to stand at RMB 24,100 per tonne, followed by the surge of RMB 430 per tonne in Gongyi to RMB 23,920 per tonne. In Tianjin and Linyi, A00 aluminium ingot price has climbed by RMB 410 per tonne and RMB 380 per tonne to come in at RMB 24,050 per tonne and RMB 24,020 per tonne, while the price in Wuxi and Chongqing...
