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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Three-month LME aluminium opened at US$2,937 per tonne yesterday and closed at US$2,913 per tonne, down by US$19 per tonne or 0.65 percent. On Wednesday September 29, LME aluminium cash (bid) price climbed up by US$14 or 0.48 percent to reach at US$2,912.50 per tonne. LME aluminium official settlement also grew by US$14 per tonne or 0.48 percent to close at US$2,913 per tonne. 3-month bid price and 3-month offer price stood at US$2,929 per tonne and US$2,930 per tonne. December 22 bid price stood at US$2,628 per tonne and the offer price for the same day was noted at US$2,803 per tonne. LME aluminium opening stock for September 28 was recorded at 1248625 tonnes. Live warrants closed at 643700 and the cancelled warrants stood at 604925. LME aluminium 3-month Asian Reference Price for...
According to the Shanghai Metals Market, A00 aluminium ingot price has shrunk by RMB 190 per tonne to come in at RMB 22,630 per tonne on Thursday, September 30, following a sharp rise of RMB 330 per tonne on the previous day to RMB 22,820 per tonne. The average prices are expected to range between RMB 22,610 per tonne and RMB 22,650 per tonne, with spot contract to be traded at a premium price of RMB 120-80 per tonne, down by RMB 40 per tonne from the previous day. In Tinajin and Linyi, primary aluminium ingot price has plunged by RMB 200 per tonne to stand at RMB 22,620 per tonne and RMB 22,580 per tonne, respectively, followed by the decrease of RMB 190 per tonne in Foshan and Gongyi to RMB 22,660 per tonne and RMB 22,470 per tonne. In Hangzhou and Wuxi, A00 aluminium ingot price has...
Tom Dobbins is stepping down from his position as President and Chief Executive officer of the Aluminum Association, Arlington, Virginia, at the end of October 2021. The news came on Tuesday, September 28, after the Aluminum Association announced it officially, adding that the board of directors thanked Dobbins for his service to the association and the aluminum industry. Tom Dobbins has served the association as President and CEO for over a year since March 2020. On receiving the resignation from Tom Dobbins, Aluminum Association has started looking for a new president and CEO. But until the position is filled, several other executives within the association will serve on the association’s interim leadership team. The team includes Joe Quinn, vice president of external affairs at the...
On 29 th September 2021, Aluminium Bahrain B.S.C (Alba) held its first in-person BoD Meeting for the third quarter of 2021 at Alba Oasis Hall. Shaikh Daij Bin Salman Bin Daij Al Khalifa, the Chairman of Alba’s Board of Directors, started the Board meeting with a welcoming note to the Board of Directors and Alba Executives and stated: “We are very thankful to the Kingdom of Bahrain’s Leadership for everything they have done since the start of COVID-19 pandemic and towards His Royal Highness Prince Salman bin Hamad Al Khalifa the Crown Prince and Prime Minister for his hands-on efforts along with all frontliners' in Bahrain to bring us to where we are today: citizens and residents in order to keep us safe. We were able to conduct this Board Meeting in-person since the start of the COVID-19...
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium products prices with effect from Saturday, September 25, after a week it decreased the prices on September 17. With the latest hike, NALCO’s aluminium ingot price has come in at INR 246,350-249,850 per tonne, up by INR 3,500 per tonne from 242,850-246,350 per tonne. NALCO’s aluminium wire rod price has also witnessed a rise of INR 3,500 per tonne with effect from September 25 to stand at INR 248,850–253,200 per tonne. Until this hike, NALCO’s aluminium wire rod price hovered around INR 245,350- 249,700 per tonne, which was down by INR 3,000 per tonne from the previous price. NALCO is currently selling its aluminium billets at INR 249,800 – 252,450 per tonne, compared to INR 246,300-248,950 per tonne...
Electricity is an essentiality of human life and the world’s most populous country China is countering a power shortage. As of now, it is only known that Chinese aluminium smelters are curbing production, steel mills are closing down, while some cities are turning off street lights, as energy sectors are experiencing a lack of thermal coal. Notwithstanding, China’s power distress is feasibly much bigger and savage than it is envisioned. Javier Blas, the Chief Energy Correspondent at Bloomberg posted on social media by writing: “CHINA ENERGY CRUNCH: The electricity shortages in China are worsening, and widening geographically. It’s getting so bad Beijing is now asking some food processors (like soybean crushing plants) to shut down.” China is the world’s biggest consumer of coal with over...
Three-month LME aluminium rose 1.0 percent to end at $2,932 per tonne on overnight. On Tuesday September 28, both LME aluminium cash (bid) price and LME aluminium official settlement price surged by US$11 or by 0.38 percent to close at US$2,898.50 per tonne and US$2,899 per tonne. 3-month bid price and 3-month offer price stood at US$2,915 per tonne and US$2,916 per tonne. December 22 bid price was recorded at US$2,798 per tonne and the offer price for the same day settled at US$2,803 per tonne. LME aluminium opening stock for September 28 closed at 1256450 tonnes. Live warrants closed at 679950 and cancelled warrants stood at 576500. For Tuesday, September 28, the LME aluminium 3-month Asian Reference Price was found to be 2893.10. SHFE Aluminium Price Trend Benchmark aluminium SHFE for...
The National Food and Strategic Reserves Administration said on Monday, September 27, that China would put another 150,000 tonnes of industrial metals on auction. China is continuing to release inventories from state reserves to lower metal prices. The next auction, which marks the fourth round this year, is scheduled on October 9, 2021. As per the Nasdaq report, the Chinese administration will sell 70,000 tonnes of aluminium, 30,000 tonnes of copper, and the rest 50,000 tonnes of zinc on online platforms operated by Norinco and China Minmetals Corp. The last auction was held on September 1, wherein the administration also released 150,000 tonnes of metals. The upcoming auction will bring the total amount of metal released in 2021 to 570,000 tonnes. Prior to this, the country had not sold...
Commodities tycoon Anil Agarwal led Vedanta Aluminium, which is also India’s largest producer of aluminium and value-added products, has secured the top spot at Perform, Achieve and Trade (PAT) Cycle-II among the Indian aluminium industry. The Ministry of Power, Govt. of India’s regulatory instrument ‘Perform Achieve and Trade (PAT) scheme’ that is deployed to lower specific energy consumption in energy-intensive industries with an associated market-based mechanism to enhance cost-effectiveness through certification of excess energy savings, which can be traded. Vedanta's subsidiary Bharat Aluminium Company (BALCO) bagged the desired apex spot with the highest Energy Saving Certificates among the aluminium smelters in India, followed by Vedanta Jharsuguda's Smelter. The alumina refinery...
On Tuesday, September 28, A00 aluminium ingot price has plummeted by RMMB 440 per tonne to stand at RMB 22,490 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 22,470 per tonne and RMB 22,510 per tonne, with spot contract to be traded at a premium price of RMB 30-10 per tonne. In Shenyang, primary aluminium ingot price has nosedived by RMB 505 per tonne to come in at RMB 22,420 per tonne, while the price in Chongqing has plunged by RMB 490 per tonne to peg at RMB 22,440 per tonne. In Foshan and Tianjin, aluminium price has decreased by RMB 450 per tonne to RMB 22,500 per tonne and RMB 22,480 per tonne and that in Wuxi and Hangzhou has shrunk by RMB 445 per tonne to stand at RMB 22,485 per tonne and RMB 22,490 per tonne, respectively....
Three-month LME aluminium opened at US$2,941 per tonne yesterday and closed at US$2,903 per tonne, a decrease of 0.89 percent. On Monday September 27, LME aluminium cash (bid) price dropped by US$17.5 or by 0.60 percent to stand at US$2,887.50 per tonne. The LME official settlement price also subsided by US$17.5 or by 0.60 percent to close at US$2,888 per tonne. 3-month bid price and 3-month offer price settled at US$2,903 per tonne and US$2,904 per tonne. December 22 bid price settled at US$2,777 per tonne and the offer price for the same day was recorded at US$2,782 per tonne. LME aluminium opening stock for September 27 closed at 1273750 tonnes. Live warrants closed at 687700 and cancelled warrants settled at 586050. For Monday, September 27, the LME aluminium 3-month Asian Reference...
On 25th September 2021, the global mining and metal giant Rio Tinto stated that the company and Canadian union Unifor has drawn up an agreement in principle on a new Collective Labour Agreement for BC Works. The agreement materializes following the number of weeks the second-round discussion happened between the two parties after the initial round of negotiations over proposed changes to workers' retirement benefits and unresolved grievances had dwindled to go through in July. The largest private-sector union in Canada, Unifor that represents about 900 workers at Rio Tinto’s aluminium smelting plant in Kitimat and power generating facility in Kemano had initiated a strike action at BC Works in July after the first round of discussion went to wane. Rio Tinto published a statement that...
According to the International Aluminium Institute, primary aluminium production in North America stood at 315,000 tonnes in August 2021, which was down by 18,000 tonnes or 5.41 per cent from 333,000 tonnes in July. In June 2021, primary aluminium output in North America stood at 328,000 tonnes, meaning the production in July increased by 5,000 tonnes or 1.52 per cent month-on-month. On a year-on-year calculation, North America’s aluminium production in August decreased by 16,000 tonnes or 4.83 per cent from 331,000 tonnes. In the first eight months of 2021, primary aluminium production in North America stood at 2.323 million tonnes, down by 12.64 per cent from 2.659 million tonnes during the same period last year. Primary aluminium production in South America stood at 101,000 tonnes in...
Emirates Global Aluminium in UAE, the top primary aluminium producer in GCC and a leading aluminium producer globally, has announced the accomplishment of its power plant, which will remarkably enhance environmental performance at EGA in Jebel Ali. The first in the UAE and the global aluminium industry, the Dh1 billion state-of-the-art power plant is built around a Siemens Energy H-class gas turbine, with a power generation capacity of 600 megawatts. The newly developed power plant will further upgrade the efficiency of power generation at EGA, retrieving natural resources, economizing costs and scaling down environmental emissions. The former five turbines whose efficiency has been reduced are being kept on standby for use only in emergencies at EGA. EGA’s power-generation and...
Three-month LME aluminium opened at $2,968 per tonne last Friday and closed at $2,929 per tonne, a decrease of 0.91 percent. On Friday September 24, LME aluminium cash (bid) price plunged by US$31.5 or by 1.07 percent to close at US$2,905 per tonne. The LME official settlement price also decreased by US$31.5 or by 1.07 percent to stand at US$2,905.50 per tonne. 3-month bid price and 3-month offer price settled at US$2,917.50 per tonne and US$2,918 per tonne. December 22 bid price was recorded at US$2,768 per tonne and the offer price for the same day stood at US$2,773 per tonne. LME aluminium opening stock for September 24 stood at 1281550 tonnes. Live warrants were recorded at 705575 and cancelled warrants stood at 575975. For September 24, the LME aluminium 3-month Asian Reference Price...
India’s primary aluminium producer, Bharat Aluminium Company (BALCO) has lately inked a Memorandum of Understanding (MoU) with Visvesvaraya National Institute of Technology (VNIT) Nagpur for using their green concrete solution towards road construction inside the plant area and the adjacent areas. VNIT’s innovative solution, green concrete is developed to exploit industrial by-products such as fly ash and bottom ash for construction purposes. The technology institute’s research has demonstrated that more than 500 kgs of ash could be consumed per cubic meter of concrete road, rather than the current usage of 100 kgs by addition of high solid content superplasticizer admixture developed by them. However, this roughly renders to about 600 tonnes of ash consumption per km of a single lane...
The global primary aluminium segment remained highlighted this week definitely due to the price factor but also for multiple reasons. The Pennsylvania-USA based Alcoa is gearing up to resume its idled aluminium smelter in Brazil, as it smelled the prices of aluminium sky-rocketing and production curb in China. However, another development has come from the American aluminium producer Alcoa that its senior executives are planning to invest more in 2022 to sustain their existing facilities, while they will be observing for acquisitions and anticipate the projected returns of growth projects to develop. On the other side, the aluminium producers in India raised their hands in regards to the supply shortage of thermal coal, which has already dented their production. In New Zealand, the Rio...
The former British Chancellor of the Exchequer George Osborne has cracked his first deal as an investment banker with the metal company that was once chaired by Russian oligarch and industrialist Oleg Deripaska. In April, George Osborne joined boutique advisory firm Robey Warshaw and with gratitude, to his contacts the firm is now advising the world’s leading low carbon producer, Rusal. The Russian aluminium giant Rusal is a subsidiary of London listed EN+ Group, a company founded by magnate Oleg Deripaska in 2002. Deripaska was already familiarised with the former Chancellor, having hosted him on his yacht off Corfu in 2008. However, as per our report, it was recognition of his relationship with Greg Barker, EN+ chairman, that he was able to bag the deal. Lord Barker served as a minister...
