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 $2,831.5 per tonne on Wednesday morning and ranged between 2,829-2,924 per tonne before closing at $2,890 per tonne, an increase of $59 per tonne or 2.08 percent. Trading volume was 19,000 lots, and open interest decreased by 5,968 lots to 650,000 lots. On Wednesday September 15, LME aluminium cash (bid) price increased by US$20.5 or by 0.72 percent to come in at US$2,867 per tonne. The LME official settlement price also increased by US$21 or by 0.73 percent to come at US$2,868 per tonne. 3-month bid price and 3-month offer price settled at US$2,887.50 per tonne and US$2,888 per tonne. December 22 bid price stood at US$2758 per tonne, while the offer price for the same day settled at US$2,763. LME aluminium opening stock for September 15 stood at...
India’s largest producer of aluminium and VAP, Vedanta has rolled out a safety mobile application called ‘V-Safe’ at its largest aluminium smelter in Jharsuguda, Odisha, to reinforce its safety culture. V-Safe is the newest digital mediation in a long line of technology-led addition that Vedanta Aluminium has deployed to fortify enhanced safety awareness and performance with the active participation of the workforce. Vedanta’s V–Safe mobile application is available for use by both organisation’s employees and business partners and it dispenses a resilient monitoring system along with graphical analytics to track safety performance across various functions. During the launch of the V–Safe App along with Rahul Sharma, Dy. CEO – Aluminium Business, Deepak Prasad, Dy. CEO – Vedanta Aluminium...
The National Bureau of Statistics showed on Wednesday, September 14, that China’s aluminium output in August fell for the fourth straight month, attributing to tight restrictions on metal production and power usage. As per the data, the world’s top aluminium producer churned out 3.16 million tonnes of primary aluminium in August, down 3.2 per cent from 3.263 million tonnes in July but up 0.4 per cent year-on-year. Many regions in China suffering from power shortages or under pressure to reduce carbon emissions ordered smelters to cut back production. A prefecture in the western Xinjiang region, a 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 August-December. That brought total cuts in...
Michael Ansah, CEO of Ghana Integrated Aluminium Development Corporation (GIADEC), has announced the implementation of four new Integrated Aluminium Industry (IAI) projects to develop the industrial transformation agenda of the country. The news came after Ansah noted at the launch of GIADEC’s IAI projects on Tuesday, September 14, that “GIADEC launched a 3-Round investor engagement process from March 2019, to select strategic partners. The competitive and transparent process, which was advertised broadly, was rigorous and thorough. It attracted interest from 39 companies from Ghana and across the world. We held Investor Engagement Meetings in Accra, and conducted Round 1 (capacity), Round 2, Round 3.” He added, “The process has culminated in the selection of strategic investors, and we...
Three-month LME aluminium opened at $2,892 per tonne on Tuesday morning, with the highest and lowest prices at $2,910 per tonne and $2,824 per tonne, and lost 1.97 percent to settle at $2,831 per tonne. Open interest increased 850 lots to 656,000 lots. 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, respectively. 3-month bid price and 3-month offer price stood at US$2,857 per tonne and US$2,858 per tonne. December 22 bid price settled at US$2,725 per tonne, while the offer price for the same day at US$2,730 per tonne. LME aluminium opening stock for September 14 stood further lower at 1303500 tonnes. Live warrants amounted to 825200, while cancelled...
Yunnan located in Southwest China has reportedly asked the local smelters to reduce the production of aluminium by 30 percent for the rest of the year to help them in meeting their goals of reducing greenhouse emissions and energy use. Because of the abundant hydropower facility, Yunnan has turned out to be one of the most preferred locations for aluminium smelting projects and also other nonferrous metal refineries. In 2020, around 2.6 million tonnes of aluminium was added in Yunnan, making it up by 72 percent since the last year. Around 1.4 million tonnes of aluminium capacity was planned to put into operation this year. By assigning to Yunnan and using their hydropower, the aluminium projects have become greener and the province is shifting from being the green power supplier to...
Hindalco Industries Limited has sharply increased its aluminium ingot and aluminium products prices with effect from Tuesday, September 14, in tandem with the LME aluminium price leap to a new high in 13 years at US$3,000 per tonne on September 13. Hindalco has raised its aluminium ingot price by INR 10,500 per tonne to INR 250,250 per tonne, in comparison with INR 239,750 per tonne on September 10. Hindalco’s aluminium wire rod price has also built-up INR 10,500 per tonne on September 14 to come in at INR 261,350 per tonne. On Friday, September 10, the price was at INR 250,850 per tonne after increasing by 3,250 tonnes from the previous day. The company is currently selling its aluminium billets at INR 257,350 per tonne versus INR 246,850 per tonne on September 10. Hindalco Industries...
After recording a continuous rise in last one week surpassing RMB 23,000 per tonne, A00 aluminium ingot price in China has plummeted by RMB 530 per tonne on Tuesday, September 14, to settle at RMB 22,890 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 22,870 per tonne and RMB 22,910 per tonne, with spot contract to be traded at a premium price of RMB 70-30 per tonne. Among the main Chinese cities, Wuxi has seen the sharpest fall of RMB 595 per tonne to RMB 22,810 per tonne, followed by the plunge of RMB 590 per tonne in Hangzhou to stand at RMB 22,820 per tonne. In Foshan, A00 aluminium ingot price has decreased by RMB 560 per tonne to settle at RMB 22,940 per tonne, while the price in Chongqing and Gongyi has shrunk by RMB 535 per tonne...
The LME aluminium benchmark price leaped to a new milestone of US$3,000 per tonne, first time ever since 2008. Aluminium raw materials supply disruptions in Guinea coupled with production restrictions in China pushed the LME aluminium price to a 13-year high. However, both the LME aluminium cash (bid) price and LME official settlement price fell at 1450 GMT to as low as US$2,858 per tonne but closed the day higher at US$2,949 per tonne and US$2,950 per tonne, up 1.8 per cent from the previous day. The prices are likely to continue to grow, thanks to a rapid increase in China’s domestic alumina price and expected production cut at Yunnan Province during September-December. 3-month bid price and 3-month offer price grew to US$2,949.50 per tonne and US$2,950 per tonne, respectively. December...
According to the Shanghai Metals Market, China’s primary aluminium production in August 2021 dropped 1.52 per cent month-on-month to stand at 3.23 million tonnes. But on a year-on-year calculation, the output edged 1.25 per cent higher than 3.19 million tonnes. Aluminium liquid accounted for 66.7 per cent of China’s total aluminium output in August, a decrease of 0.3 percentage points from the previous month. From January to August, China’s primary aluminium production totalled 25.97 million tonnes, 6.78 per cent more than 24.32 million tonnes during the same period last year. The daily output averaged 104,000 tonnes, down 2,000 tonnes a day month-on-month but up 1,000 tonnes a day on year. The drop in daily as well as China’s monthly aluminium production could be attributed to the...
The Russian aluminum shipment abroad experienced a tenfold surge in July, says the data recorded by the Federal Customs Service. Compared to the year 2020 for the same period, the July exports amounted to $7.4 billion, meaning that the July exports surpassed three million tonnes. Previously this year, the Russian authorities had imposed a 15 percent tax or a minimum of $254 per tonne for the aluminum exports between August and December. The tariffs also target the foreign sales of ferrous and non-ferrous products like copper, nickel, aluminum, metals and metal products. Compared to the major metal and mining commodities, the global aluminum prices have reportedly increased by 40 percent since the beginning of the year. The increase in the price is due to the structural changes in the...
National Aluminium Company Limited has reported a sharp growth in aluminium ingot price and aluminium products prices with effect from Saturday, September 11. NALCO’s aluminium ingot price has witnessed a spike of INR 14,700 per tonne to INR 245,850-249,350 per tonne, in comparison with INR 231,150-234,650 per tonne on September 7. NALCO’s aluminium wire rod price is hovering around INR 248,350-252,700 per tonne with effect from September 11, also up by INR 14,700 per tonne from INR 248,350-252,700 per tonne on September 7. The company is selling its aluminium billets at INR 249,300-251,950 per tonne, up by 6.40 per cent from INR 234,600- 237,250 per tonne. NALCO has increased its aluminium ingot and aluminium products prices in line with the continuous rally in three-month futures of...
Three-month LME aluminium won 3.23 percent to close at US$2,927.5 per tonne in the overnight trading last Friday, with open interest losing 114 lots to 648,000 lots. On Friday, September 10, LME aluminium cash (bid) price and LME official settlement price climbed by US$79.5 per tonne or 2.82 per cent to come in at US$2,896 per tonne and US$2,896.50 per tonne, respectively. 3-month bid price and 3-month offer price were at US$2,906 per tonne and US$2,907 per tonne. December 22 bid price stood at US$2,783 per tonne and the offer price for the same day was at US$2,788 per tonne. LME aluminium opening stock for September 10 was 1317725 tonnes. Live warrants amounted to 829700, while cancelled warrants totalled 488025 tonnes. LME aluminium 3-month Asian Reference Price settled at US$2,869.50...
Shanghai aluminium prices have reached the highest level on Monday since 2008, fuelled by supply concerns in China, the world’s biggest consumer of the metal. Output curbs in China, the world’s biggest aluminium producer, and political turmoil in Guinea, China’s top source of bauxite, have further boosted China’s A00 aluminium ingot price by RMB 770 per tonne on September 13. According to the Shanghai Metals Market, the price is standing at RMB 23,420 per tonne, with average prices likely to range between RMB 23,400-23,440 per tonne. The spot contract is expected to range between RMB 100-60 per tonne. Among the main Chinese cities, Gongyi has seen the highest growth of RMB 780 per tonne to stand at RMB 23,260 per tonne, followed by the surge of RMB 760 per tonne in Foshan to reach at RMB...
This week, the global aluminium industry is shook by the military coup in Guinea on September 5, which has impacted the raw material supply to the metal industry. As a result, the primary aluminium production is facing a disruption, causing an incessant hike in prices. Both the global aluminium price and domestic price in China have seen a surge to a decade high. According to the Shanghai Metals Market, China’s domestic primary aluminium ingot price rose to a 13-year high, bolstered by the tight supply of the metal due to increased pressure on smelters to rationalise their power usage, coupled with political unrest in Guinea impacting the global raw material supply. On Thursday, September 9, China’s A00 aluminium ingot price soared by RMB 460 per tonne to reach at RMB 22,230 per tonne....
The third edition of AlCircle’s e-Magazine “Aluminium Industry 4.0: Drivers & Change Makers of 2021” is getting ready to be published this month. This denotes, that time is now to perceive from the key players of the aluminium value chain industry about the importance of Industry 4.0 or the Fourth Industrial Revolution in the manufacturing and industrial sector. The companies and associations that have already confirmed their participation in this E-magazine include Granco Clark, Fives, Mecfor, Gouda Refractories, ALUMEX, SECO/WARWICK, TVARIT and International Aluminium Institute. However, the AlCircle Team is still welcoming more companies and associations on the e-Magazine, in an endeavour to broaden the participation and outpace the global reach in this edition. Globally a large number...
Three-month LME aluminium opened at US$2,795.5 per tonne on Thursday morning and hit a multi-year high of US$2,848 per tonne before closing at US$2,836 per tonne, an increase of US$45 per tonne or 1.61 percent. Trading volume was 19,006 lots, and open interest increased by 2,413 lots to 648,000 lots. On Thursday, September 9, LME aluminium cash (bid) price and LME official settlement price jumped by US$42 per tonne to come in at US$2,816.50 per tonne and US$2,817 per tonne, respectively. 3-month bid price and 3-month offer price were at US$2,827 per tonne and US$2,828 per tonne. December 22 bid price stood at US$2,743 per tonne and the offer price for the same day was US$2,748 per tonne. LME aluminium opening stock for September 9 was 1325225 tonnes. Live warrants amounted to 839650...
According to the Shanghai Metals Market, China’s social inventories of primary aluminium grew 2,000 tonnes across eight major consumption areas on Thursday, September 9, following a downfall of 5,000 tonnes in the previous week. SMM data showed the inventories stood at 751,000 tonnes on September 9, compared to 749,000 tonnes on September 2. The chart below indicates the current status of primary aluminium inventories across China in more detail: The rise in primary aluminium inventories on September 9 was primarily contributed by Nanhai, Shanghai, and Tianjin. In Nanhai, primary aluminium inventories built up 8,000 tonnes to stand at 220,000 tonnes, followed by the growth of 2,000 tonnes in Shanghai to 73,000 tonnes. In Tianjin, inventories inched up by 1,000 tonnes to come in at 67,000...
