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...
Grow with
AL Circle
According to the documents revealed under the Official Information Act, New Zealand, Rio Tinto and ministers’ discussion varied the global metal giant’s proposal to shut down the Tiwai Point aluminium smelter in 2024. In January 2021, Rio Tinto majority-owned aluminium smelter declared that it would functionalize NZAS until the end of 2024, following thumping down Meridian Energy on the price it pays for power supply. However, the documents disclosed under the OIA delivers a clear image that the date for shutting down New Zealand’s only aluminium smelter that accommodates around 800 staff and contractors is not yet ‘final’. On 6th May, Ivan Vella, Global of Aluminium for Rio Tinto met the Finance Minister of New Zealand Grant Robertson, Energy Minister Megan Woods and Environment Minister...
Scanty stockpiles of coal in India have reportedly put aluminium producers into a critical situation. As rightly described by India’s apex industry body, the Federation of Indian Mineral Industries (FIMI), the situation is like aluminium producers are “swimming in a rough ocean”. This has been one of the top news in the global primary aluminium industry this week. To know more: https://www.alcircle.com/news/coal-stockpiles-for-only-one-to-two-days-aluminium-production-to-slash-fimi-70573 Aside this, a key development in the industry has also gained our attention. The world's leading diversified natural resource company, Vedanta with its headquarters in Mumbai is desirous to explore business augmentation opportunities in the Middle East region, comprising establishing a regional base in...
According to India’s apex industry body, the Federation of Indian Mineral Industries (FIMI), the drastic coal crisis in India has developed a situation like “swimming in a rough ocean” for the aluminium producers as the reserve of the fossil fuel sink to a scathing level. B.K. Bhatia, Additional Secretary General, FIMI said: “Most aluminium factories, which have their power generation plants, have stockpiles for only one to two days. While aluminium output hasn’t been affected so far, there may be production cuts by the end of the month if coal supplies don’t recover.” The Aluminium Association of India stated that the stiffening supplies of coal have tripped a power emergency in India as around 70% of the country’s electricity is fossil-fuel-fired. A load-shedding for more than two hours...
Vedanta Aluminium, one of the largest producers of aluminium and value added products in India grabbed the “Best in Future of Digital Infrastructure,” award at the IDC Digital Transformation (DX) Summit India and Future Enterprise Awards 2021. The esteemed IDC Future Enterprise Awards celebrate the tech-enabled resilience of enterprises as they march themselves through the challenges and disruptions involved in the ever-changing digital world. Vedanta Aluminium won the award in the ‘Best in Future of Digital Infrastructure’ category for their Wi-Fi 6 and Digital Smelter project. Vedanta Aluminium is India’s first and world’s third aluminium smelter to start the digital-twin based Digital Smelter technology at Jharsuguda plant. The Jharsuguda plant is the largest single location aluminium...
National Aluminium Company Limited has increased its aluminium ingot and aluminium products prices with effect from Thursday, October 7, following a decline of INR 1,400 per tonne on October 1. NALCO’s aluminium ingot price is now standing at INR 247,550- 251,050 per tonne, up by INR 2,600 per tonne from INR 244,950-248,450 per tonne on the previous day. NALCO’s aluminium wire rod price has also witnessed a hike of INR 2,600 per tonne from INR 247,450-251,800 on October 1 to INR 250,050- 254,400 per tonne on October 7. Aluminium billets price is settled at INR 251,000- 253,650 per tonne, compared to INR 248,400-251,050 per tonne a week ago. NALCO links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which grew by...
Three-month LME aluminium opened at US$2,900 per tonne yesterday and closed at US$2,942 per tonne, up US$45 per tonne or 1.55 percent. LME aluminium cash (bid) price increased by US$36.5 or by 1.26 percent to score at US$2,915.50 per tonne. LME aluminium official settlement price surged by US$36 or by 1.25 percent to settle at US$2,916 per tonne. 3-month bid price and 3-month offer price was recorded at US$2,928 per tonne and US$2,929 per tonne. December 22 bid price scored at US$2,815 per tonne and the offer price was recorded at US$2,820 per tonne. LME aluminium opening stock for October 7 closed at 1188575 tonnes. Live warrants for the same day were recorded at 638425 and cancelled warrant stood at 550150. LME aluminium 3-month Asian Reference Price for Thursday, October 7 settled at...
Hindalco Industries Limited further increased its aluminium ingot and aluminium products prices on the immediate next day, on October 6, 2021. That brought the company’s aluminium ingot price to INR 250,750 per tonne, up by INR 3,250 per tonne or 1.31 per cent from INR 247,500 per tonne on October 5. Hindalco’s aluminium wire rod price also witnessed a hike of INR 3,250 per tonne from INR 258,650 per tonne to INR 261,850 per tonne on October 6. Aluminium billets selling price is now settled at INR 257,850 per tonne, compared to INR 254,600 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 further grew on October 5 by US$5.50 per tonne to US$2,894.50...
LME aluminium benchmark price surged 0.51 percent on Wednesday, October 6. LME aluminium cash (bid) price reduced by US$15 to settle at US$2,879 per tonne. LME aluminium official settlement price lowered by US$14.5 or by 0.50 percent to close at US$2,880 per tonne. 3-month bid price and 3-month offer price stood at US$2,887 per tonne and US$2,888 per tonne. December 22 bid price was recorded at US$2,780 per tonne and the offer price for the same day closed at US$2,785 per tonne. LME aluminium opening stock for October 6 stood at 1198425 tonnes. Live warrants for the same day settled at 644550 and cancelled warrant was found out to be 553875. LME aluminium 3-month Asian Reference Price for Wednesday, October 6 closed at 2920.65. SHFE Aluminium Price Trend The Shanghai Metal Market will be...
The Chairman of the Board of Directors of Aluminium Bahrain B.S.C. (ALBA), Shaikh Daij bin Salman bin Daij Al Khalifa was the main speaker at the 24 th Arab-German Business Forum 2021. The event was held at the Hotel Ritz-Carlton Berlin, Germany from October 4 to October 6 2021. The three-day Arab-German Business Forum is an important platform for promoting Arab-German business relations. The event includes panel discussions, Ambassador rountables, country workshops involving reputed speakers who will talk mainly about the key sectors with economies which can create opportunities and growth. The key members at the event were Ali Al Baqali, the Chief Executive Officer of Alba and Chief Marketing Officer Khalid A. Latif. Other people attending the event were Boris Santosi, the Marketing...
The aluminium shipments premium to the Japanese buyers for October to December closed at $220 per tonne. This shows an increase of 19% from the previous quarter flaunting higher overseas premium and tight supply, six sources involved directly in pricing talks said. The numbers are higher than the $185 per tonne paid for the July-September quarter, reflecting fifth consecutive quarterly increase, the highest since the 2015 April-June quarter. However, the amount recorded was below the initial offers of $230-$250 made by the producers. Japan, one of the biggest importers of light metal in Asia as well as the premiums PREM-ALLUM-JP for primary metal shipments has agreed to pay every quarter higher than the benchmark set by London Metal Exchange (LME) for the region. The sources revealed...
The global mining and metal giant Rio Tinto anticipates restarting full operations for production at its Kitimat aluminium smelter and the Kemano hydropower facility, in British Columbia, Canada's westernmost province following the attainment of a new labour agreement with workers. Anglo-Australian multinational miner in September 2021 declared that it has drawn up an in-principle agreement on a new collective labour agreement for BC Works with labour union Unifor Local 2310. The members of the largest private-sector union in Canada have now voted in favour of the agreement. Furthermore, in the collective labour agreement, the parties have also given consent on a memorandum of understanding for a new way of working together and on a comeback to work protocol. The agreements outline a...
The official association of primary aluminium producers, American Primary Aluminum Association (APAA) which is dedicated towards protecting the long-term interest of the U.S. primary aluminium industry and its workers came in support of the continuation of the Section 232 aluminium program. In order to preserve the importance of the Section 232 program, the domestic primary aluminium industry was seen supporting the tariff-rare quota (TRQ) for the European Union in contrary to the claims made by the associations representing foreign producers. It is because of these common-sense tariffs that the American primary aluminium industry got saved. It is also helping to rebuild the domestic industry, which is important for the U.S. national and economic security. Before the onset of the Section...
LME aluminium cash (bid) price increased by US$6 or by 0.20 percent to settle at US$2,894 per tonne. LME aluminium official settlement price surged by US$5.5 or by 0.19 percent to close at US$2,894.50 per tonne. 3-month bid price and 3-month offer price settled at US$2,911 per tonne and US$2,912 per tonne. December 22 bid price was found out to be US$2,788 per tonne and the offer price for the same stood at US$2,793 per tonne. LME aluminium opening stock for October 5 was recorded at 1211975 tonnes. Live warrants for the same closed at 644550 and cancelled warrant settled at 567425. LME aluminium 3-month Asian Reference Price for Tuesday, October 5 was recorded at 2907. SHFE Aluminium Price Trend The Shanghai Metal Market will be closed from October 1 to October 7 for the National Day...
On 5th September 2021, Sanjeev Gupta chaired GFG Alliance confirmed that it will initiate legal action against any attempts by the US private equity fund, AIP, to seize the power of the Dunkirk aluminium smelter which is part of GFG’s ALVANCE aluminium business. AIP bought out a chunk of the ALVANCE debts from its previous lenders earlier in 2021. The initial discussions also took place between GFG and AIP regarding a potential future sale of these assets but these discussions were briskly concluded by GFG due to précised concerns over the negotiations, and the gross under-market valuation AIP put on the business. GFG announced a fully commercial arrangement between ALVANCE and a leading international metal market business, at the concurrent of concluding negotiations with AIP in July...
On Tuesday, October 5, Coal India Limited (CIL), an Indian government-owned coal mining and refining corporation, said that its pre-feasibility report for an integrated Greenfield aluminium project in Odisha received an approval from the board. So, the company will now start conducting a pre-feasibility study for the project, as part of the ambitious diversification project from public enterprise to other sectors. The Maharatna firm said in a filing to the BSE that the Greenfield aluminium project would include bauxite mining, alumina refinery, aluminium smelter and associated captive power plant by its wholly-owned subsidiary Mahanadi Coalfields Ltd (MCL). In February, Coal India spoke about starting 26 projects in new business areas by investing INR 1.43 lakh crore. The new business...
On Monday, October 4, Hydro announced its decision to invest NOK60 million in a new casting furnace for the aluminium foundry alloy production at its largest and most modern primary aluminium plant in Sunndal. The company expects this investment to increase the production capacity of special alloys by 35,000 tonnes a year and improve the flexibility to switch between products, making the plant more robust in a cyclical market. The project will start immediately and is likely to be completed by Q1 2023. Plant Manager at Sunndal, Roar Ørsund, said: “We are pleased with this decision, which strengthens Hydro Sunndal's flexibility in the market and promotes greater consumption of low-carbon aluminum. A customer example we are pleased with is that aluminum from Sunndal will be used in Google's...
RUSAL and PJSC TransContainer (part of the DELO group) have joined the bandwagon to lower greenhouse gas emission and save the environment from its negative impact. Both of them have signed an agreement of intent on strategic cooperation to reduce the carbon content in the field of logistics. RUSAL’s General Director Evgenii Nikitin and President of PJSC TransContainer Alexander Isurin were a part of the ceremony. RUSAL is second largest producer of aluminium in the world as well as the leading producer of low carbon aluminium. PJSC TransContainer is a Russian operator of intermodal container and is known for managing the largest fleet of containers and flatcars in Russia. In order to lower the greenhouse gas emission, both the companies have joined hands to develop and implement new...
Alcoa Corporation has announced its net-zero emissions plans, which it aims to achieve by 2050. The main intention is to increase the use of renewable energy at operations and bring new innovations to the market. The company said that it would cut 75 per cent of both direct and indirect emissions known as Scope 1 and Scope 2 from aluminium smelting and alumina refining. To reduce emissions in refining and smelting processes, Alcoa will be using its own technologies like the Elysis zero-carbon smelting process and mechanical vapour recompression (MVR). Elysis joint venture was formed with Rio Tinto to develop a breakthrough technology known as inert anode, which emits pure oxygen and eliminates greenhouse gas (GHG) emissions associated with the traditional process to make molten aluminium....
