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 Australian Renewable Energy Agency (ARENA) has floated an investment plan which will support the technologies needed for the zero-emissions transition. Established in 2012, the Australian Renewable Energy Agency is an independent organisation of the Australian Federal Government. ARENA was established to manage the renewable energy program of Australia. The Australian Renewable Energy Agency (ARENA) expanded its remit to incorporate low-emissions technology. Not only this, but they have also released their Funding and Investment Plan which will be used to finance the low-emissions technology. The investment plan will provide funding for the projects that reduce the energy transition like energy storage, supporting the transition to low emissions aluminium and steel as well as...
According to the Shanghai Metals Market, social inventories of primary aluminium rose 23,000 tonnes on the week across eight major consumption areas, including SHFE warrants. SMM data showed the inventories as of Thursday, September 23, came in at 789,000 tonnes. The increase was mostly contributed by Wuxi, Nanhai, and Gongyi. Last week, on September 16, primary aluminium inventories stood at 766,000 tonnes by gaining 15,000 tonnes from the previous week. The chart below indicates the current status of primary aluminium inventories across China in more detail: In Nanhai and Wuxi, primary aluminium inventories rose 11,000 tonnes and 10,000 tonnes to come in at 237,000 tonnes and 247,000 tonnes, respectively. Inventories in Gongyi increased 5,000 tonnes to peg at 71,000 tonnes as of...
Domestic primary aluminium production in the United States in July 2021 stood at 73,000 tonnes, reflecting a month-on-month increase of only 1,000 tonnes but a year-on-year downfall of 9,000 tonnes from 82,000 tonnes, showed the US Census Bureau. The average daily production in July 2021 was 2,350 tonnes, marginally less than 2,390 tonnes in June 2021. On a year-on-year basis, it plunged by 300 tonnes or 11.32 per cent from 2,650 tonnes. Total aluminium recovered from scrap in July 2021 was 268,000 tonnes, 1,000 tonnes less than 269,000 tonnes in June 2021 but unchanged from July 2020. Of this, 141,000 tonnes of aluminium was recovered from new scrap and 127,000 tonnes recovered from old scrap. In July 2021, the average US spot price of primary aluminium ingot was $1.44 per pound, 4.35...
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices for the second day in a row by INR 3,750 per tonne on Friday, September 24. The latest hike has brought the company’s aluminium ingot price at INR 249,500 per tonne, up by INR 3,750 per tonne or 1.53 per cent from INR 245,750 per tonne on September 23. Hindalco’s aluminium wire rod price has come in at INR 260,600 per tonne with effect from September 24, also an increase of INR 3,750 per tonne. On Thursday, September 23, Hindalco’s aluminium wire rod price stood at INR 256,850 per tonne after increasing by INR 2,500 per tonne from the previous day. Hindalco is currently selling its aluminium billets at INR 256,600 per tonne in comparison with INR 252,850 per tonne on September 23. Hindalco...
A00 aluminium ingot price has nosedived by RMB 400 per tonne on Friday, September 24, after hiking by RMB 500 per tonne on the previous day. According to the Shanghai Metals Market, the price has thus come in at RMB 22,920 per tonne, with average prices expected to range between RMB 22,900 per tonne and RMB 22,940 per tonne. The spot contract is likely to be traded at a premium price of RMB 20-20 per tonne. In Wuxi and Hangzhou, A00 aluminium ingot price has plunged by RMB 405 per tonne to stand at RMB 22,920 per tonne and RMB 22,925 per tonne, respectively, while the price in Foshan has decreased by RMB 400 per tonne to peg at RMB 22,950 per tonne, found SMM. Primary aluminium ingot price in Shenyang is also standing at RMB 22,925 per tonne but by losing RMB 375 per tonne. In Gongyi and...
Three-month LME aluminium opened at $2,932.5 per tonne yesterday and rose to $2,977.5 per tonne before closing at $2,956per tonne, an increase of $19 percent or 0.65 percent. Open interest rose 1,590 lots to 308,000 lots, and trading volume was 161,000 lots. On Thursday September 23, LME aluminium cash (bid) price increased by US$50.5 or by 1.74 percent to stand at US$2,936.50 per tonne. The LME official settlement price surged by 1.73 percent or by US$50 to close at US$2,937 per tonne. 3-month bid price and 3-month offer price closed at US$2,950 per tonne and US$2,951 per tonne. December 22 bid price stood at US$2,603 per tonne and the offer price for the same day was recorded at US$2,608 per tonne. LME aluminium opening stock September 23 closed at 1289075 tonnes. Live warrants were...
The largest aluminium producer in Egypt and one of the largest in Africa, Egyptalum shifted to make net profits of EGP 28.27 million during the fiscal year 2020-21, against net losses of EGP 1.67 billion in FY 2019-20, as disclosed by the adjusted unaudited financial results. On 23rd September 2021, during the filling at the stock exchange, the aluminium producer disclosed that its revenues surged to EGP 11.36 billion in the year ended 30th June from EGP 7.25 billion a year earlier. The positive trend of the company's financial results is attributed to the escalated average basic price of aluminium on the international market and a rise in sales volume by 98,000 tonnes. However, in the first nine months of FY2020-21, the metal company suffered net losses of EGP 347.72 million, down from...
The American industrial corporation and the world's eighth-largest producer of aluminium, with corporate headquarters in Pittsburgh, Pennsylvania, Alcoa’s senior executives are planning to invest more in 2022 to sustain their existing facilities. However, they will be observing for acquisitions and anticipate the projected returns of growth projects to develop. On 21st September 2021, at the Jefferies Virtual Base Metals & Battery Materials Summit, Bill Oplinger, CFO of Alcoa said: “Me, Roy Harvey CEO of Alcoa and our team view sustaining the company’s bauxite, alumina and aluminium operations as their top capital allocation program.” He further added: “The Pittsburgh-based company is on pace to spend $375 million this year on sustaining capital work as well as $50 million on growth...
A00 aluminium ingot price observed a record rise for the second day following the 4-day holiday. According to SMM, the primary aluminium ingot price has escalated by RMB 500 per tonne to come in at RMB 23,320 per tonne. However, the average prices are expected to range between RMB 23,300 per tonne and RMB 23,340 per tonne, with spot contracts to be traded at a premium price of RMB 20-20 per tonne. In Hang Zhou and Wu Xi, the prices have jacked up the highest among other Chinese cities by RMB 510 per tonne to 23,330 per tonne and to RMB 23,325 per tonne. A00 aluminium ingot price in Chong Qing also soared by RMB 470 per tonne to 23,290 per tonne followed by Tian Jin with a rise by RMB 460 per tonne to RMB 23,290 tonne. In Shen Yang and Lin Yi, the price surged by RMB 450 per tonne to RMB...
Three-month LME aluminium opened at $2,853 per tonne yesterday and closed at an intraday high at $2,942 per tonne, an increase of US$89 per tonne or 3.13 percent. Open interest rose 13,000 lots to 295,000 lots, and trading volume was 187,000 lots. On Wednesday September 22, LME aluminium cash (bid) price surged by US$22.5 or by 0.78 percent to close at US$2,886 per tonne. The LME official settlement price inched by US$23 or by 0.80 percent to settle at US$2,887 per tonne. 3-month bid price and 3-month offer price stood at US$2,905.50 per tonne and US$2,906 per tonne. December 22 bid price was recorded at US$2,770 per tonne and the offer price for the same day was found to be US$2,775. LME aluminium opening stock for September 22 stood at 1304725 tonnes. Live warrants were recorded at...
Soon after a day of decline, Hindalco’s aluminium ingot and aluminium products prices have seen a rise with effect from Wednesday, September 22. Hindalco Industries Limited has increased its aluminium ingot price by INR 1,250 per tonne or 0.52 per cent to INR 243,250 per tonne on September 22. On Tuesday, September 21, the price stood at INR 242,000 per tonne, down by INR 5,000 per tonne from the previous day. Hindalco’s aluminium wire rod price has also been grown by INR 1,250 per tonne from INR 253,100 per tonne on September 21 to INR 254,350 per tonne on September 22. With effect from today, Hindalco is selling its aluminium billets at INR 250,350 per tonne in comparison with INR 249,100 per tonne on September 21. Hindalco Industries Limited links its aluminium ingot and aluminium...
Primary aluminium production in Africa stood at 137,000 tonnes in August 2021, which reflected an increase of 2,000 tonnes or 1.48 per cent for the second month in a row from 135,000 tonnes in July, according to the International Aluminium Institute. In June 2021, Africa produced 130,000 tonnes of primary aluminium, meaning the output in July registered a hike of 5,000 tonnes or 3.85 per cent month-on-month. On a year-on-year calculation, Africa’s primary aluminium production also stood 2,000 tonnes higher at 137,000 tonnes, found IAI. In the first eight months of 2021, Africa’s primary aluminium production totalled 1.053 million tonnes, down by 1.96 per cent from 1.074 million tonnes during the same period last year. World’s primary aluminium production in August 2021 came in at 5.699...
The Cameroon government agency, the National Institute of Statistics published a report which revealed that the country exported 14,925 tonnes of aluminium in H1-2021 compared to the 22,869 tonnes exported in 2020 during the same period. This shows a year-on-year decline of 34.70%. One of the main reasons for the decline of aluminium export by Cameroon was due to the financial trouble which ALUCAM was countering, while it is the only producer of aluminium in the CEMAC region. The economic activities in Cameroon are gaining momentum after the negative impact of the pandemic on the local and international business, but ALUCAM’s operations are still under the negative radar. The decline in the number of productions for Cameroon for H1-2021 was more prominent than what they witnessed in 2020,...
The Indian aluminium producers have urged Coal India Ltd for immediate resumption of coal supplies to the metal industry as they are countering an extreme dearth of thermal coal that has initiated to impede their operations for the production of aluminium. On 21st September 2021, the Aluminium Association of India (AAI) in a communication to the Chairman of Coal India said: “The state-run coal miner’s ad-hoc decision for stopping/drastically curtailing coal supplies and rakes for the non-power sector (NRS) is pushing the aluminium sector into a coal crunch situation for their captive power plants (CPPs).” The production of aluminium is a constant process-deployed highly power-intensive industry, where coal reckons for around 40% cost of aluminium production. AAI further added: “Aluminium...
LME aluminium opened at US$2,866 per tonne on Tuesday morning and fell due to the strengthening of the US dollar, and closed at US$2,848 per tonne, down US$13 per tonne or 0.45 percent. Open interest fell 932 lots to 261,000 lots, and trading volume was 285,000 lots. On Tuesday, September 21, LME aluminium cash (bid) price inched by US$17 or by 0.59 percent to stand at US$2,863.50 per tonne. The LME official settlement price also surged by US$17 or by 0.59 percent to close at US$2,864 per tonne. 3-month bid price and 3-month offer price closed at US$2,878 per tonne and US$2,878.50 per tonne. December 22 bid price settled at US$2,728 per tonne and the offer price for the same stood at US$2,733. LME aluminium opening stock for September 21 was recorded at 1315975 tonnes. Live warrants...
The leading aluminium producer Alcoa Corporation has tooled up on a project to restart an idled aluminium smelter in Brazil following the hike in aluminium prices to a 13-year high and Chinese output reduction. On 20th September 2021, the Pittsburgh headquartered aluminium producer and its partner South32 Ltd. will expend around $75 million, including approx. $10 million in capital expenditures to restart Alumar in north-eastern Brazil said in a statement. The fully retrenched aluminium smelter since 2015 is set to deliver its first molten metal in Q2 2022. In May, the decision was pronounced as a possibility due to the constant price rally of aluminium and also the gradual rise in demand for aluminium from cars to cans stirred the metal price nearly double over the last 18 months. The...
According to a recent report, Anil Agarwal-led Vedanta Limited’s investment proposal worth INR 1,240 crore to expand the capacity of an aluminium smelter in Jharsuguda has been rebuffed by an expert panel of the Union ministry of environment, forests and climate change (MoEF&CC). This proposal, which originally aimed at increasing the production capacity from 16 MTPA to 18 MTPA, was earlier accepted by the Naveen Patnaik government. In June 2008, Vedanta received a nod from the then-United Progressive Alliance government for setting up the 16 MTPA smelter. The ministry has now rejected the expansion proposal on the grounds that the smelter has been violating the terms and conditions imposed upon Vedanta in lieu of the green clearance given to it 13 years ago. In addition, the committee...
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices with effect from Tuesday, September 21, after several hikes since September 8. The company has cut its aluminium ingot price by INR 5,000 per tonne to INR 242,000 per tonne on September 21. On September 18, the price was at INR 247,000 per tonne after gaining INR 3,250 per tonne from the previous day. Hindalco’s aluminium wire rod price also saw a decrease of INR 5,000 per tonne from INR 258,100 per tonne on September 18 to INR 253,100 per tonne on September 21. Hindalco’s aluminium billets price came in at INR 249,100 per tonne compared to INR 254,100 per tonne on September 18. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium...
