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 Indian state-run integrated aluminium company Nalco has attained the highest ever half-yearly production of cast metal in the 2021-22 financial year. On 5th September 2021, Pralhad Joshi, the Union Coal and Mines Minister congratulated the company on the achievement by saying: “NALCO has yet again reached another milestone in its glorious journey of Business Excellence. The Navratna CPSE has achieved the highest ever half-yearly Production of Cast Metal since inception in H1 FY22.” “Nalco produced 22,6,028 tonne of cast metal in 2021-22 financial year so far compared to 204,143 of the previous fiscal.” The company produced 17.61 lakh tonne bauxite, 5.21 lakh tonne alumina and 1.14 lakh tonne aluminium respectively during the June quarter, compared to 17.10 lakh tonne, 4.65 lakh tonne...
India’s largest producer of aluminium Vedanta revealed that its total aluminium production escalated 21% to 570,000 tonnes in Q2 FY22 compared with 473,000 tonnes in Q2 FY21. Vedanta has world-class aluminium smelters with power plants in Jharsuguda, Odisha and at BALCO in Chhattisgarh. The smelter at Jharsuguda is the world’s largest, ex-China. The aluminium production at Vedanta’s smelters in Jharsuguda and BALCO was higher by 4% as compared to Q1 FY22 mainly due to the up-gradation of pots. Anil Agarwal, Chairman of Vedanta: “Currently, we are manufacturing 2.2 million tonnes of aluminium and will be manufacturing 3 million tonnes in the recent future at the lowest cost.” In regards to Vedanta’s role in investment, the Chairman said: “In the coming days, we will be investing $20...
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices with effect from Tuesday, October 5, following a cut of over 1.5 per cent on Friday, October 1. Over the weekend, Hindalco’s aluminium ingot price has gained INR 3,000 per tonne to come in at INR 247,500 per tonne, in contrast to INR 244,500 per tonne. Hindalco’s aluminium wire rod price has also built up by INR 3,000 per tonne to stand at INR 258,600 per tonne. On October 1, the price stood at INR 255,600 per tonne, declining by INR 4,500 per tonne from the previous day. The company is currently selling its aluminium billets at INR 254,600 per tonne, compared to INR 251,600 per tonne in the previous week. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the...
Alcoa Corporation, the United States' largest aluminium producer, no more lags behind in taking a pledge to curb greenhouse gas emissions and reduce environmental impact. Like many other companies, Alcoa has also reportedly set a goal to be carbon neutral, and the timeline is 2050. As per the report, Alcoa will cut 30 per cent of direct and indirect emissions known as Scope 1 and Scope 2 from aluminium smelting and alumina refining operations by 2025 and decrease 50 per cent by 2030 from 2015 levels. Alcoa’s primary intention is to increase the use of renewable energy and expand low-carbon assets. Alcoa’s Chief Executive Officer Roy Harvey said, “This new endeavor is an extension of our ongoing efforts to reach a decarbonization pathway. We have been recognized for our environmental...
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 the UAE or Saudi Arabia. Vedanta is a leading producer of Aluminium & Power, Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore and Steel. The Anil Agarwal led company is one of the key partners of the Indian Pavilion at Expo 2020 and is ambitious to showcase “India’s capabilities” over the next six months. Sunil Duggal, Vedanta’s CEO and Director spotlighted UAE and the wider region as a promising hub for minerals and trade by saying: “We’re keen to talk to companies such as Ma’aden and Emirates Global Aluminium (EGA), to discuss collaborative opportunities.” “We’re...
On Monday, October 4, the Aluminium Stewardship Initiative announced the joining of the Shanghai Aluminum Industry Association to ASI as a new Associations Member, which brought the total number of ASI members to 198. The foundation of the Shanghai Aluminum Industry Association dates back to 1989. Shanghai and Yangtze River Delta Economic Zone engaged in aluminum, aluminum products, aluminum smelting production enterprises and aluminum industry chain of equipment, trade, scientific research and other relevant enterprises and institutions voluntarily established this association. It is a cross-sector, trans-ownership and non-profit industry organization, with nearly 400 member companies at present. The Shanghai Aluminum Industry Association is known for being committed to the services...
LME aluminium benchmark price increased by 0.83 percent on Monday, October 4. Both LME aluminium cash (bid) price and LME aluminium official settlement price elevated by US$24 or by 0.83 percent to close at US$2,888 per tonne and US$2,889 per tonne. 3-month bid price and 3-month offer price closed at US$2,908 per tonne and US$2,910 per tonne. December 22 bid price was recorded at US$2,790 per tonne and the offer price for the same day was found out to be US$2,795 per tonne. LME aluminium opening stock for October 4 settled at 1218775 tonnes. Live warrants were recorded at 642750 and the cancelled warrant stood at 576025. LME aluminium 3-month Asian Reference Price for Monday, October 4 closed at 2876.77. SHFE Aluminium Price Trend The Shanghai Metal Market will be closed from October 1 to...
On 30 th September, Shaikh Daij Bin Salman Bin Daij Al Khalifa, the Chairman of Board of Directors at Aluminium Bahrain B.S.C. (Alba) went for a field visit to the Alba Power Station 3 and 5 control rooms. It was his first visit to the Alba Power Station 3 and 5 control room since the dawn of Covid-19 pandemic. He was accompanied by other notable officials from the company including Ali Al Baqali the Chief Executive Officer and Amin Sultan the Chief Power Officer. Aluminium Bahrain B.S.C. is one of the largest aluminium smelter in the work and is capable of producing more than 1.548 million tonnes of aluminium smelter per annum (mtpa) (2020). The company is listed both on the Bahrain Bourse and London Stock Exchange. Out of the 3,665 MW build-in-capacity of the Alba power plant, it uses...
National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium products prices with effect from Friday, October 1, following an increase on September 25. NALCO has cut its aluminium ingot price by INR 1,400 per tonne to INR 244,950-248,450 per tonne on October 1. On September 25, the price stood at INR 246,350-249,850 per tonne, increasing by INR 3,500 per tonne from 242,850-246,350 per tonne. NALCO’s aluminium wire rod price has also witnessed a decrease of INR 1,400 per tonne with effect from October 1, which brought the price from INR 248,850–253,200 per tonne on September 25 to INR 247,450-251,800 per tonne. NALCO is now selling its aluminium billets at INR 248,400-251,050 per tonne, compared to INR 249,800 – 252,450 per tonne on October 25. NALCO links its...
LME aluminium benchmark price soared up by 0.47 percent on Friday, October 1. LME aluminium cash (bid) price elevated by US$13.5 to settle at US$2,864 per tonne. The LME official settlement price notched up by US$14 or by 0.49 percent to score at US$2,865 per tonne. 3-month bid price and 3-month offer price settled at US$2,880 per tonne and US$2,881 per tonne. December 22 bid price was found out to be US$2,763 per tonne and the offer price for the same day closed at US$2,628 per tonne. LME aluminium opening stock for October 1 was recorded at 1229700 tonnes. Live warrants settled at 642750 and the cancelled warrant was found to be 586950. LME aluminium 3-month Asian Reference Price for Friday, October 1 stood at 2853.72. SHFE Aluminium Price Trend The Shanghai Metal Market will be closed...
The month of September 2021 extracted a lot of exciting moments from the global aluminium industry. The London Metal Exchange (LME) aluminium benchmark price escalated to a new milestone of US$3,000 per tonne, the first time ever since 2008. The political turmoil in the West African nation Guinea, the world’s largest exporter of bauxite and with the production curb in China has triggered the LME aluminium price to a 13-year high. The bauxite price from Guinea climbed the highest almost in 18 months at top metals consumer market China, as buyers distressed about supply followed a coup in the country. The western Xinjiang region in China, the home to almost one-fifth of the country’s primary aluminium capacity, directed five major smelters last month to cut 10% monthly output levels for...
Right from Tom Dobbins’s resignation from the position as President and Chief Executive officer of the Aluminum Association to Hydro’s new Plant Manager appointment at Husnes smelter, the world primary aluminium sector has offered many important news this week. But the topmost of all is China’s power shortage leading to aluminium production curb. As per the report, China’s power distress is feasibly much bigger and savage than it is envisioned. China is the world’s biggest consumer of coal with over 56 per cent consuming capacity for producing energy to cater for the needs domestically. Fossil fuel is Chinese energy security’s most crucial part. The high absorption of thermal power in China signifies that any fall-off in coal supply dents its propensity to engender adequate electricity....
The American private equity firm that invests in industrial businesses, American Industrial Partners (AIP) claimed to have grabbed control of distressed metal magnate Sanjeev Gupta’s Dunkirk aluminium smelter in France. On 1st October 2021, American Industrial Partners stated that it had acquired the Alvance smelter in Dunkirk and two other French establishments following Sanjeev Gupta chaired GFG Alliance failed to make payments on outstanding loans. However, in 2021, AIP bought up a portion of the debt at Europe’s largest aluminium smelter, Dunkirk, as well as at an associated mill in Belgium. Sanjeev Gupta anticipated securing a rescue loan with Anglo-Swiss multinational commodity trader Glencore, which had propounded to refinance the debt across his European aluminium business. The...
Slovalco, the only primary aluminium producer in Slovakia, is curbing production in reaction to the steep growth of electricity prices. Record price hikes of emission allowances and insufficient compensation from the states through the Environmental Fund are some of the other factors for the output cut. Slovalco, the majority of which is owned by global aluminium giant Norsk Hydro, produces 160,000 tonnes of aluminium annually in 226 furnaces, consuming 8 per cent of Slovakia’s total electricity consumption. Already, the company has idled 25 furnaces. “Without long-term foreseeable and fair conditions set by the Slovak government there are very hard times in front of us,” Ola Saeter, chair of the board of directors of Slovalco, told the Slovak Radio. “The worst scenario would be turning...
Hydro Aluminium Smelter in Husnes has appointed Jon Ola Ystgaard as a new Plant Manager, who will be reporting to Head of Primary Production in Hydro Aluminium Metal Ola Saeter. Mr Ystgaard, who will be joining Hydro Husnes on October 11, comes with vast years of experience in the aluminium industry, starting at Elkem Aluminum Mosjøen in 2000, where he worked as an electrolysis process engineer. He then moved to Elkem Aluminum to work on projects. In 2006, Jon Ola Ystgaard took over the position of Technical Manager at Elkem Aluminum, and after a year (2007), became Electrolysis Manager. He graduated in 1999 as a metallurgist from NTNU. Since 2014, Jon Ola has been associated with Aludyne Norge AS, an aluminium car parts manufacturer based in Farsund, as the General Manager. The former...
LME aluminium benchmark price edged 2.12 percent lower on Thursday, September 30. Both LME aluminium cash (bid) price and official settlement fell down by US$62 to close at US$2,850.50 per tonne and US$2,851 per tonne, respectively. 3-month bid price and 3-month offer price closed at US$2,866 per tonne and US$2,867 per tonne. December 22 bid price was recorded at US$2,755 per tonne and the offer price for the same day settled at US$2,760 per tonne. LME aluminium opening stock for September 30 stood at 1238300 tonnes. Live warrants were recorded at 642750 and the cancelled warrants closed at 595550. LME aluminium 3-month Asian Reference Price for Thursday, September 30 was noted at 2,904.76. SHFE Aluminium Price Trend The Shanghai Metal Market will be closed from October 1 to October 7 for...
According to the Shanghai Metals Market, social inventories of primary aluminium elevated by 26,000 tonnes to close at 815,000 tonnes on the week across eight major consumption areas, along with SHFE warrants. The increase was mostly due to Wuxi and Nanhai. Last week on September 23, primary aluminium inventories were recorded at 789,000 tonnes by gaining 23,000 tonnes from the previous week. The chart below shows the recent status of primary aluminium inventories across China in more detail: In Nanhai primary aluminium inventories moved up by 7000 tonnes to close at 244,000 tonnes and in Wuxi it increased by 19,000 tonnes to settle at 266,000 tonnes. On the other hand in Gongyi, primary aluminium inventories dropped 10,000 tonnes to settle at 61,000 tonnes. In Chongqing and Linyi,...
The mining and metals company headquartered in Perth, Western Australia, South32 Ltd. worked out its right to acquire an additional 25% stake in Mozambique-based Mozal Aluminium, a drive that will increase its annual output by 15% from the smelter. South32 acquired the additional stake in the aluminium smelter for $250 million from Mitsubishi subsidiary MCA Metals Holding, raising its stake in the smelter to just over 72%. On 31st August 2021, South32 had net cash of $553 million, while it funded the purchase from cash in hand. The Industrial Development Corporation of South Africa holds a 24% stake in Mozal Aluminium, while the Mozambique government holds 3.9% through preference shares. Graham Kerr, Chief Executive Officer of South32 said: "The smelter benefits from access to...
