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 International Aluminium Institute, world primary aluminium production in August 2021 amounted to 5.699 million tonnes, a decrease of 0.60 per cent from 5.733 million tonnes in July 2021. But on a year-on-year basis, the output in August stood 3.15 per cent higher than 5.525 million tonnes. During January-August, world’s total primary aluminium production came in at 45.140 million tonnes, up by 4.75 per cent from 43.092 million tonnes during the same period last year. International Aluminium Institute also showed daily average aluminium production in August 2021 stood at 183,800 tonnes, down by 0.59 per cent from 184,900 tonnes in line with the decrease in monthly output. On a yearly basis, daily production in August stood 3.14 per cent higher than 178,200 tonnes. China,...
Rio Tinto’s Tiwai Point aluminium smelter in New Zealand has appointed Chris Blenkiron, as the new chief executive officer and general manager nearly three years before the smelter is due for shut down. On 21st September 2021, the company announced that the newly appointed CEO will begin his role in early 2022. The former CEO Stew Hamilton declared his resignation in May 2021 and left the organisation in July to grab a new opportunity at electricity company Mercury. Dan van der Westhuizen, Acting Managing Director, Rio Tinto Pacific Operations said: “Chris has demonstrated a strong people-focused approach to delivering business outcomes and I believe he is the right fit to lead the excellent team at Tiwai.” Presently, Chris working as the President of the prefabricated steel shed company...
Walid Al Attar, Chief Commercial Officer of Emirates Global Aluminium, has reportedly received a prestigious award titled “World’s Top Aluminium Executive 2020-21” at an annual global industry summit in Chicago. The award recognises outstanding long-term contributions to the global aluminium industry every year at the Harbor Aluminium Summit. Mr Al Attar began his career in 1984 as a trainee transport administrator in the shipping department in Dubai Aluminium. Ten years later, he joined the Company's Marketing and Sales team, playing a key role in the initial transition from selling commodity metal to traders to building direct relationships with customers making products with aluminium. In Emirates Global Aluminium, where Mr Attar joined in 2014 as the Chief Marketing Officer,...
On Monday, September 20, LME aluminium cash (bid) price decreased by US$67.5 or by 2.31 percent to close at US$2846.50 per tonne. The LME official settlement price dropped by US$68 or by 2.33 percent to settle at US$2847 per tonne. 3-month bid price and 3-month offer price closed at US$2856 per tonne and US$2857 per tonne. December 22 bid price stood at US$2695 per tonne and the offer price for the same day was recorded to be US$2700. LME aluminium opening stock for September 20 settled at 1326150 tonnes. Live warrants were recorded at 764075 and the cancelled warrant closed at 562075. LME aluminium 3-month Asian Reference Price settled at US$2833.79 per tonne as of September 20. SHFE Aluminium Price Trend Due to the Mid-Autumn Festivals, the SMM officials are closed from September 19 to...
Sohar Aluminium (SA), one of the first aluminium smelter in the Sultanate of Oman has become the “Production and Transformation Member” in ASI or the Aluminium Stewardship Initiative, further enhancing and increasing their firm commitment towards Environment, Social, and Governance (ESG). The Aluminium Stewardship Initiative (ASI) is a global non-profit standard settings and certification organisations for the Aluminium industry. With this, Sohar Aluminium joins around 190 global producers, users, downstream, upstream, stakeholders and also supporters of the aluminium value chain. The Environment, Social, and Governance (ESG) is one of the most vital and trending standards and measures of success for various profit and non-profit companies, including the government. ESG is a very common...
On Monday, September 20, En+ Group has unveiled its Pathway to Net Zero Report, providing comprehensive detail of initiatives that it is pursuing to achieve its climate goals announced in January 2021. En+ Group, the world’s biggest producer of low carbon aluminium and independent hydropower, aims at becoming net zero by 2050 and reducing greenhouse gas emissions by at least 35 per cent by 2030. The report revealed today contains plan of action to meet these sector leading targets by reducing GHG emissions across the whole value chain in line with 1.5°C pathways. The goal is to achieve zero impact on the climate from its emissions. The plan of action is meant for production facilities of both the Metals and Power segments. Lord Barker, Executive Chairman of En+ Group, said: “In January we...
Three-month LME aluminium opened at US$2,890 per tonne on Thursday morning and ranged between 2,850-2,910 per tonne before closing at US$2,890.5 per tonne, an increase of US$0.5 per tonne or 0.02 percent. Trading volume was 16,000 lots, and open interest decreased by 3,968 lots to 646,000 lots. On Friday September 17, LME aluminium cash (bid) price increased by US$45.5 or by 1.58 percent to settle at US$2,914 per tonne. The LME official settlement price also inched up by US$46 or by 1.60 percent to come in at US$2,915 per tonne. 3-month bid price and 3 month offer price stood at US$2,926.50 per tonne and US$2,927 per tonne. December 22 bid price stood at US$2,758 per tonne and the offer price for the same day settled at US$2,763. LME aluminium opening stock for September 17 stood at...
According to the latest data shown by the General Administration of Customs on Saturday, September 18, China imported 247,547 tonnes of unwrought aluminium and aluminium products, which also included primary metal. That was 20.7 per cent lower than 312,086 tonnes in July and down 42.4 per cent from a year ago. Arrivals of unwrought aluminium and aluminium products to China in August 2021 hit the lowest since May. In August 2020, imports hit the second-highest on price arbitrage made it cheaper for domestic buyers to source overseas metal. In the remaining of this year, demand of imported aluminium in China is hovering at a high level due to distressed domestic aluminium supply caused by production curbs on smelters and restrictions on electricity usage in several regions. On the other...
The most notable event we witnessed this week in the global primary aluminium sector was the LME aluminium price leap to a 13-year high at US$3,000 per tonne, fuelled by raw materials supply disruptions in Guinea coupled with production restrictions in China. But both the LME aluminium cash (bid) price and LME official settlement price dropped the same day to close at US$2,949 per tonne and US$2,950 per tonne, however, up by 1.8 per cent from the previous day. The prices ended the week at US$2,914 per tonne and USS$2,915 per tonne, respectively. To know more: https://www.alcircle.com/news/lme-aluminium-price-ends-this-week-lower-at-2915-t-after-touching-3000-t-shfe-price-closes-at-3516-t-70398 A00 aluminium ingot price in China started the week on September 13 at a peak of RMB 23,420 per...
On Monday, September 13, the LME aluminium benchmark price touched the milestone of US$3,000 per tonne, the highest since 2008, fuelled by raw materials supply disruptions in Guinea coupled with production restrictions in China. But both the LME aluminium cash (bid) price and LME official settlement price dropped the same day to close at US$2,949 per tonne and US$2,950 per tonne, however, up 1.8 per cent from the previous day. On Tuesday, September 14, LME aluminium cash (bid) price and LME official settlement price decreased by nearly 3.5 percent to come in at US$2,846.50 per tonne and US$2,847 per tonne. The prices increased on Wednesday September, 15, to US$2,867 per tonne and US$2,868 per tonne, respectively, which further inched up on Thursday to stand at US$2,868.50 per tonne and...
Australia’s largest aluminium smelter Tomago Aluminium was due for a stable and trustworthy infrastructure with high visibility into IT performance to support their 24*7 availability for their systems. The aluminium company is independently managed, while it is a joint venture owned by Rio Tinto Alcan 51.55%, Gove Aluminium Finance Ltd 36.05% (owned 70% by CSR Limited and 30% by AMP Limited) Hydro Aluminium 12.40%. Tomago Aluminium with upgraded control and awareness has made its development more effective, consolidated server footprints, enhanced system and data security by migrating its Systems Applications and Products in Data Processing (SAP) HANA environment to Red Hat Enterprise Linux SAP Solutions with IBM hardware. To achieve their goal, they counted on Red Hat Partners Advent One...
National Aluminium Company Limited (NALCO) has decreased its aluminium ingot and aluminium products prices as the LME aluminium benchmark price signs off from the 13-year high. With effect from Friday, September 17, NALCO’s aluminium ingot price has come in at INR 242,850-246,350 per tonne, down by INR 3,000 per tonne or 1.2 per cent from INR 245,850-249,350 per tonne on September 11. NALCO’s aluminium wire rod price has also seen a cut of INR 3,000 per tonne on September 17 from INR 248,350-252,700 per tonne to INR 245,350- 249,700 per tonne. The company’s aluminium billets price is standing at INR 246,300-248,950 per tonne, compared to INR 249,300-251,950 per tonne on September 11. <iframe width="500" height="390" src="https://www.youtube.com/embed/ERMX4kCuYVY" title="YouTube video...
The Shanghai Metals Market (SMM) survey revealed that in 2021, Guizhou Provincial Energy issued a notice on the orderly power utilisation plan in Guizhou Province. The main motive behind the plan was to respond to the power supply issue in the local regions and also to ensure a safe and stable operation of the Guizhou power grid. The implementation comes with three parts: prevention and pre-control, graded early warning, and graded response. The plan includes 4 alumina plants in Guizhou Province (installed annual production capacity of 4.4 million per tonnes, excluding Guizhou Qizheng) and also 5 aluminium plants (installed compliance annual production capacity of 1.34 million per tonne and the current functioning annual production capacity of 1.3 million per tonne). The news about the...
Yunnan Aluminium Co., Ltd. has reduced its 2021 production target by more than 500,000 tonnes or almost 18 per cent after the local government enforced production curb for the rest of the year. The news came after the company, which uses Yunnan’s hydropower sources for the energy-intensive smelting process, said in a filing on Thursday, September 16, that its primary aluminium output was expected to fall to 2.36 million tonnes this year. It is down slightly from 2.41 million tonnes in 2020 but way below the initial target of the year 2.87 million tonnes announced in March. Aluminium smelters using hydropower in Yunnan province have been asked to keep their average monthly output in September-December at August levels or lower. Following the same policy, other Chinese regions have also...
Three-month LME aluminium opened at $2,890 per tonne on Thursday morning and ranged between 2,850-2,910 per tonne before closing at $2,890.5 per tonne, an increase of $0.5 per tonne or 0.02%. Trading volume was 16,000 lots, and open interest decreased by 3,968 lots to 646,000 lots. On Thursday September 16, LME aluminium cash (bid) price inched up by US$1.5 or by 0.05 percent to come in at US$2,868.50 per tonne. The LME official settlement price also increased slightly by US$1 or by 0.03 percent to come in at US$2869 per tonne. 3-month bid price and 3 month offer price stood at US$2,892.50 per tonne and US$2,893 per tonne. December 22 bid price closed at US$2,752 per tonne and the offer price for the same day was recorded at US$2,757. LME aluminium opening stock for September 16 settled...
After month-long negotiations, a Japanese buyer has reportedly nodded to pay a premium of $220 per tonne for aluminium shipments for the December quarter of 2021, an increase of 19 per cent from the current quarter in tandem with the higher overseas premium, said two sources directly involved in the pricing talks. For July-September shipments, Japanese aluminium buyers are paying $185. The increase in premium for the next quarter marks the fifth consecutive quarterly rise and the highest since the April-June quarter in 2015. But it is lower than the initial offers of $230-$250 made by overseas producers. Japan is Asia’s biggest aluminium importer. So, the premiums it agrees to pay for aluminium shipments in each quarter over the London Metal Exchange cash price set the benchmark for the...
The social inventories of primary aluminium in China have built up by 15,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants, to stand at 766,000 tonnes as of September 16, found the Shanghai Metals Market. On the last Thursday, September 9, the inventories grew by only 2,000 tonnes to come in at 751,000 tonnes. This week, the rise in inventories has been primarily contributed by Wuxi, Nanhai, and Gongyi. The chart below indicates the current status of primary aluminium inventories across China in more detail: In Wuxi, primary aluminium inventories have increased by 7,000 tonnes on the week to come in at 237,000 tonnes, while inventories in Nanhai and Gongyi have grown by 6,000 tonnes to peg at 226,000 tonnes and 66,000 tonnes, respectively. Meanwhile, on...
Hindalco Industries Limited has slightly increased its aluminium ingot and aluminium products prices with effect from Thursday, September 16, the next day after it sharply reduced its aluminium prices by INR 8,250 per tonne. As of September 16, Hindalco’s aluminium ingot price is standing at INR 243,750 per tonnes, up by INR 1,750 per tonne or 0.72 per cent from INR 242,000 per tonne on September 15. With the latest rise, Hindalco’s aluminium wire rod price has come in at INR 254,850 per tonne, also up by INR 1,750 per tonne from INR 253,100 per tonne. The company’s aluminium billets price has grown to INR 250,850 per tonne from INR 249,100 per tonne on September 15. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium...
