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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China’s domestic primary aluminium price has continued to surge by RMB 420 per tonne to stand above RMB 22,500 per tonne after Alpha Conde, president of the Republic of Guinea, got detained by Special Forces in the capital, Conakry. Unrest within Guinea is putting further strain on the market as it supplies more than half of the ore imported by China, the top global producer of the metal. Till July 2021, Guinea supplied China with 55 per cent of its bauxite supply, according to analysts at ING. As per the latest data shown by the Shanghai Metals Market, A00 aluminium ingot price in China has reached as high as RMB 22,650 per tonne on September 10, with average prices expected to range between RMB 22,630 per tonne and RMB 22,670 per tonne. The spot contract is likely to be traded at a...
Hindalco Industries Limited has continued to increase its aluminium ingot and aluminium products prices for the fourth time in a row, with effect from Thursday, September 9. Hindalco’s aluminium ingot price has come in at INR 236,500 per tonne, up by INR 4,250 per tonne or 1.83 per cent from INR 232,250 per tonne on September 7. The company is currently selling its aluminium wire rod at INR 247,600 per tonne, also an increase of INR 4,240 per tonne from INR 243,350 per tonne on the previous day. Hindalco’s aluminium billets price also saw a hike of INR 4,250 per tonne from INR 239,350 per tonne on September 7 to INR 243,600 per tonne on September 9. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London...
The tight supply of primary aluminium in the Chinese domestic market due to increased pressure on smelters to rationalise their power usage, added with political unrest in Guinea impacting the global raw material supply, has pushed the country’s A00 aluminium ingot price to a 13-year high. According to the Shanghai Metals Market, China’s primary aluminium ingot price has soared by RMB 460 per tonne to reach as high as RMB 22,230 per tonne on Thursday, September 9. The average prices are expected to range between RMB 22,210 per tonne and RMB 22,250 per tonne, with spot contract to be traded at a premium price of RMB 70-30 per tonne. Except for Tianjin and Linyi, the surge in A00 aluminium ingot price has touched upon all the other major cities. Chongqing has seen the sharpest growth of RMB...
Three-month LME aluminium opened at US$2,765 per tonne on Wednesday morning and ranged between US$2,758-2,810 per tonne before closing at US$2,791 per tonne, an increase of US$23 per tonne or 0.83 per cent. Trading volume was 18,734 lots, and open interest decreased by 5,410 lots to 646,000 lots. On Wednesday, September 8, LME aluminium cash (bid) price and LME official settlement price jumped by US$34.50 per tonne to come in at US$2774.50 per tonne and US$2,775 per tonne, respectively. 3-months bid price and 3-months offer price surged by US$33 per tonne to stand at US$2,792 per tonne and US$2,793 per tonne. Dec 22 bid price stood at US$2,720 per tonne and Dec 22 offer price hovered around US$2,725 per tonne. LME aluminium opening stock decreased from 1333625 tonnes to 1334225 tonnes....
On 8th September 2021, the world's largest manufacturer of low-carbon aluminium, Rusal confirms the appointment of former Chalco trader Deng Gang as its new Sales Director for the China market. Deng previously held the position as Head of China for Concord Resources and before that, from 2016-20 he was the Chief Marketing Officer for Chalco Trading Hong Kong Ltd., a unit of China's state-run aluminium maker Chalco. Deng has joined Rusal’s Shanghai office this week and will report to Roman Andryushin, Deputy General Director for Sales in Russia, CIS and China. He is countering a busy start in the job as several Chinese regions impose restrictions on aluminium producers, redirecting Shanghai aluminium prices SAFcv1 to 13-year highs on concerns of limited supply and boosting the import...
Vedanta Limited announced that it increased its aluminium ingot and aluminium products prices with effect from Tuesday, September 7, bringing its aluminium ingot price to INR 232,750-245,750 per tonne. That was an increase of INR 4,250 per tonne from INR 228,500-241,500 per tonne on September 3. Vedanta’s aluminium wire rod price also witnessed a hike of INR 4,250 per tonne from INR 236,000-243,500 per tonne on September 3 to INR 240,250-247,750 per tonne on September 7. The company’s aluminium billets price came in at INR 240,750 per tonne compared to INR 236,500 per tonne in the previous week. Vedanta Limited links its aluminium products and aluminium ingot prices to the three-month futures of aluminium on the London Metal Exchange, which over the 3-day time surged by US$49.50 per tonne...
Three-month LME aluminium rose 0.02 per cent to end at US$2,768 per tonne on last night, with open interest decreasing 49 lots to 651,000 lots. LME aluminium cash (bid) price and LME official settlement price dropped by US$5 per tonne on Tuesday, September 7, to come in at US$2,740 per tonne and US$2,740.50 per tonne, respectively. But 3-months bid price grew by US$3 per tonne to stand at US$2,759 per tonne, while 3-months offer price edged US$2 per tonne higher to peg at US$2,760 per tonne. Dec 22 bid price stood at US$2,688 per tonne and Dec 22 offer price hovered around US$2,693 per tonne. LME aluminium opening stock plunged from 1341000 tonnes to 1333625 tonnes. Live Warrants amounted to 866375 tonnes, while Cancelled Warrants totalled 467250 tonnes. LME aluminium 3-months Asian...
The International Aluminium Institute (IAI) has revealed new data on the aluminium industry’s achievements in diminishing energy efficiency in the industry’s constant sustainability mission. The data release accords with a series of announcements in the lead up to COP26 in Glasgow. The aluminium industry’s energy usage accounts for over two-thirds of global greenhouse gas emissions. The results from the 2020 Global Energy Survey conducted by the IAI deliver evidence of an industry customising pathways to manage the problem. The annual survey, which had a 90% response rate across the global industry, demonstrates the use of sustainable production processes and competently managed to reduce its impact on the environment. Linlin Wu, IAI’s Manager – Statistical Analysis said: “Our industry...
The year 2021 is not over yet, and we are already thrilled to announce the “ AlCircle Expo 2022 ”. If not your support and inspiration, then what it is that motivates us to bring new editions and offerings – be it Industry Report, e-Magazine, or Expo. Like the previous years, the expo in 2022 is going to be virtually scheduled on February 15 & 16. But what going to be new is – More Technology, Bigger Platform, and Wider Scope of Expanding Business! The AlCircle Expo 2022 has already started preparing to bring in the aluminium industry leaders and partners from the entire value chain under one roof, driven by advanced technology to enable them to build a stronger network. Besides video calls, exchange of digital business cards, brochures, product demos etc., you are assured to encounter...
A week after reducing the aluminium ingot price by INR 2,000 per tonne, National Aluminium Company Limited (NALCO) has sharply increased the price of its ingot with effect from Tuesday, September 7. Seeing a rise of INR 6,400 per tonne or 2.80 per cent on September 7, NALCO’s aluminium ingot price is hovering around INR 231,150-234,650 per tonne in comparison with INR 224,750-228,250 per tonne on September 1. NALCO’s aluminium wire rod price has also been increased by INR 6,400 per tonne from INR 227,250-231,600 per tonne to INR 233,650-238,000 per tonne. The company’s aluminium billets price is currently standing at INR 234,600- 237,250 per tonne, 2.80 per cent more than INR 228,200-230,850 per tonne last week. NALCO, like any other Indian aluminium producer, links its aluminium ingot...
On 6th September 2021, the Govt. of India stated that state-owned Navratna CPSE Company Nalco has been performing a vital role in empowering micro and small enterprises by providing a modern and innovative platform NAMASYA, an application (App) developed exclusively for the convenience of the PSU's MSE vendors. NALCO Micro and Small enterprise communication application NAMASYA provides a platform to feature the efforts of National Aluminium Company Ltd towards the development of the MSEs. <iframe width="500" height="380" src="https://www.youtube.com/embed/l6NT-yE4Xlo" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> The Mines Ministry said: “The bilingual app enables MSEs...
Three-month LME aluminium opened at US$2,737 per tonne on Monday morning and ranged between US$2,734-2,782 per tonne before closing at US$2,767.50 per tonne, an increase of US$34.50 per tonne or 1.26 per cent. Trading volume was 14,892 lots, and open interest increased by 5,202 lots to 651,000 lots. LME aluminium benchmark price saw another jump of nearly US$50 per tonne or 1.8 per cent on Monday, September 6, driven by political unrest in Guinea that fuelled concerns over raw material supply required for aluminium smelting. LME aluminium cash (bid) price came in at US$2,745 per tonne, while LME official settlement price stood at US$2,745.50 per tonne, the highest since May 2011. 3-months bid price and 3-months offer price rose by over US$52 per tonne to peg at US$2,756 per tonne and...
Hindalco Industries Limited increased its aluminium ingot and aluminium products prices with effect from September 3, the next day after it reduced the prices by INR 4,000 per tonne. The company’s aluminium ingot price came in at INR 227,750 per tonne, up by INR 2,000 per tonne or 0.90 per cent from INR 225,750 per tonne. Hindalco started selling its aluminium wire rod at INR 238,850 per tonne with effect from September 3, also an increase of INR 2,000 per tonne from INR 236,850 per tonne on September 2. Aluminium billets price stood at INR 234,850 per tonne since the latest hike, compared to INR 232,850 per tonne. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which after September...
Three-month LME aluminium opened at US$2,695 per tonne last Friday morning and ranged between US$2,678-2,733.50 per tonne before closing at US$2,733 per tonne, an increase of US$31.50 per tonne or 1.17 per cent. Trading volume was 14,757 lots, and open interest decreased by 11,112 lots to 646,000 lots. LME aluminium cash (bid) price and LME official settlement price rose slightly by US$1.50 per tonne on Friday, September 3, to stand at US$2,696 per tonne, following a rise of US$27 per tonne on the previous day. 3-months bid price and 3-months offer price dropped by US$2 per tonne to come in at US$2,703.50 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$2,647.50 per tonne, down by US$14 per tonne from US$2,661.50 per tonne on September 2. LME aluminium opening stock...
LME aluminium cash (bid) price and LME official settlement price reached a 10-year high this week at US$2,714 per tonne as of Tuesday, August 31. Due to a summer bank holiday, the LME market was closed on Monday and started the week on Tuesday. Next day, on September 1, both LME aluminium cash (bid) price and LME official settlement price decreased by US$46.50 per tonne to stand at US$2,667.50 per tonne. On Thursday, September 2, LME prices gained US$27 per tonne to come in at US$2,694.50 per tonne. LME aluminium cash (bid) price and LME official settlement price closed the week on Friday, September 3, a slightly higher by US$1.50 per tonne to US$2,696 per tonne. 3-months bid price and 3-months offer price climbed US$ 40.50 per tonne on Tuesday, August 31, to come in at US$ 2,696 per...
The week remained heavily prosperous for the primary segment of the global aluminium industry. The global rise of the aluminium price has climbed to a 10 year’s high, due to the limited production in China. The Indian primary aluminium producers have delivered a notable performance in the Q1 of 2021-22 and furthermore, all three of the industries are going for the expansion process. In the Gulf region, EGA reported strong half-year financial performance ever and the company’s profit stood at AED 1.74 billion ($473 million) in the first half of 2021. Hindalco Industries Limited has decreased its aluminium ingot and aluminium products prices with effect from Thursday, September 2, after increasing them for three consecutive times from August 24-28. From today, Hindalco is selling its...
According to a recent report, Aluminium Stewardship Initiative (ASI) has successfully certified Alcoa’s Aluminerie de Bécancour (ABI) and Aluminerie de Deschambault smelters in Quebec, Canada, against the Performance Standard Certification for responsible production, sourcing and stewardship of aluminium. The two smelting facilities have a combined annual production capacity of more than 670,000 tonnes of aluminium ingots, billets and slabs. The ASI Performance Standard defines environmental, social and governance principles and criteria, with the aim to address sustainability issues in the aluminium value chain. It sets out 59 criteria under the three sustainability pillars of Governance, Environment and Social, which address key issues such as biodiversity, Indigenous Peoples rights,...
LME aluminium benchmark price closed 1 per cent higher on Thursday, September 2. LME aluminium cash (bid) price and LME official settlement price increased by US$27 per tonne to stand at US$2,694.50 per tonne on Thursday, September 2, following a decline of US$46.50 per tonne on the previous day. 3-months bid price and 3-months offer price surged by US$41 per tonne to come in at US$2,705.50 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$2,661.50 per tonne, up by US$41.50 per tonne from US$2,620 per tonne on September 1. LME aluminium opening stock slipped from 1336850 tonnes to 1335300 tonnes. Live Warrants stood at 862600 tonnes, while Cancelled Warrants totalled 472700 tonnes. LME aluminium 3-months Asian Reference Price settled at US$2,728.42 per tonne as of...
