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$ 2,622 per tonne last Friday morning, with the lowest and highest prices at US$ 2,618.50 per tonne and US$ 2,697 per tonne before closing up US$ 8 per tonne or 1.3 per cent. LME aluminium cash (bid) price and LME official settlement price surged by 38.50 per tonne or 1.46 per cent to close at US$ 2,673.50 per tonne on Friday, August 27. 3-months bid price and 3-months offer jumped US$ 41 per tonne from US$ 2,614.50 per tonne to US$ 2,655.50 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2,617.50 per tonne, up by US$ 37.50 per tonne from US$ 2,580 per tonne on August 26. LME aluminium opening stock continued to increase from 1306950 tonnes to 1338125 tonnes. Live Warrants stood at 897775 tonnes, while Cancelled Warrants totalled...
Hindalco Industries Limited continued to increase aluminium ingot and aluminium products prices with effect from Saturday, August 28. Hindalco raised its aluminium ingot price by INR 2,000 per tonne from INR 227,750 per tonne on August 25 to INR 229,750 per tonne on August 28. Hindalco’s aluminium wire rod price also saw an increase of INR 2,000 per tonne to reach 240,850 per tonne as of August 28. On the previous day, the price stood at INR 238,850 per tonne by gaining INR 2,750 per tonne or 1.16 per cent. Since Saturday, August 28, Hindalco is selling its aluminium billets at INR 236,850 per tonne compared to INR 234,850 per tonne on August 25. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which...
The leading aluminium smelter that is known for its technological strength and innovative policies, Aluminium Bahrain B.S.C. (Alba), was recognised amongst the winners of the 2021 Brandon Hall Group Excellence in Learning Awards. Alba’s ‘Al Jisr’ Programme – the first initiative of its kind to boost Bahranisation and build the supervisory skills of high-potential national employees - was announced as a bronze medal winner in Best Unique or Innovative Learning and Development Programme category. However, Alba was the only Company from Bahrain to be featured amongst the winners of this year's awards. Ali Al Baqali, CEO of Alba, while commenting on this occasion said: “Being the only recipient from Bahrain for this award speaks volumes about going above and beyond in developing Alba’s...
The Indian industrial sector consists of two private primary aluminium producers and the third aluminium metal producer is a state-owned company. Now, all the three aluminium companies have delivered a remarkable performance in the Q1 of 2021-22. Furthermore, the trio not only earned record EBITDA, but their production reflected surplus in the quarter on Y-o-Y, which diminished the cost of production, predominantly by reducing energy consumption. The aluminium industry is a highly energy-intensive industry, as thermal power and crude derivatives account for between 45% -50% of the cost of production of aluminium in India, accompanied by smelter feedstock alumina at 31%. However, the aluminium smelters in Europe and Canada are using hydropower, while the ones in West Asia operates on...
This week brought us a plethora of news from the global primary aluminium industry right from world primary aluminium production to Emirates Global Aluminium’s target of floating an IPO in 2022. According to a report on Monday based on the International Aluminium Institute’s data, world primary aluminium production in July 2021 amounted to 5.747 million tonnes, an increase of 3.4 per cent from 5.558 million tonnes a month ago. On a year-on-year calculation, world primary aluminium production in July was up by 5.20 per cent from 5.463 million tonnes. Total production from January to July came in at 39.284 million tonnes, 4.62 per cent more than 37.548 million tonnes during the same period last year. To know more:...
According to a recent report, five Chinese aluminium smelters will require to reduce production starting from this month as a prefecture in Xinjiang region has imposed output limits to stamp out illegal production, which sent Shanghai aluminium prices to a 13-year high. Reuters calculations have found that monthly limits across five smelters will reduce 10 per cent of the total production in the first seven months of the year. Xinjiang is a major smelting hub in China that accounts for one-fifth of the supply to the world’s biggest producer and consumer of aluminium. According to a Reuters report, prefecture in Changji, Xinjiang, has directed the smelter East Hope to keep monthly production at 54,000 tonnes starting from August and yearly output at 800,000 tonnes (max.). Compared to the...
LME aluminium opened at US$2,620 per tonne on Thursday morning, with the lowest and highest prices at US$2,593.5 per tonne and US$2,639 per tonne. The contract settled at US$2,620 per tonne. As of Thursday, August 26, LME aluminium cash (bid) price stands at US$ 2635 per tonne, LME official settlement price stands at US$ 2635 per tonne; 3-months bid price stands at US$ 2614.50 per tonne, 3-months offer price is US$ 2614.50 per tonne; Dec 22 bid price stands at US$ 2580 per tonne, and Dec 22 offer price stands at US$ 2580 per tonne. The LME aluminium opening stock stood at 1306950 tonnes. Live Warrants totalled 865150 tonnes and Cancelled Warrants were 441800 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2601.37 per tonne. SHFE Aluminium Price Trend Benchmark...
The leader in global aluminium production, as well as one of the largest companies in the UAE, Emirates Global Aluminium (EGA) is considering a prospective IPO in 2022, as reported by industry sources, which could be one of the substantial share sales in the United Arab Emirates lately. Equally owned by Mubadala Investment Company of Abu Dhabi and Investment Corporation of Dubai, EGA is reviewing proposals from banks that pitched for advisory roles, the sources said. However, EGA is yet to comment on this matter. The sources further stated that the aluminium company is considering offering between 10% and 20% of its shares to investors, while initial estimates from banks value the company from $16 billion to $19 billion. One of the sources mentioned, EGA anticipates banks to grasp a fresh...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased by 12,000 tonnes this week to come in at 753,000 tonnes as of Thursday, 26 August 2021. The chart below shows the status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Gongyi contributed the largest share due to higher arrivals of cargoes. The inventories stood at 69,000 tonnes on Thursday, 26 August 2021, up by 24,000 tonnes from 45,000 tonnes on 19 August. The aluminium stocks in Shanghai, Hangzhou, Tianjin, Chongqing and Linyi remained unchanged at 73,000 tonnes, 83,000 tonnes, 65,000 tonnes, 4,000 tonnes and 13,000 tonnes. Inventories of primary aluminium in Nanhai increased by 1,000...
Emirates Global Aluminium (EGA) has reportedly aimed at increasing the proportion of women in supervisory positions at the company in the UAE to 25 per cent by 2025. At present, the company has 18 per cent of women in supervisory positions, working at all levels in operations and corporate functions. EGA’s chief executive officer, Abdulnasser bin Kalban, said: "Improving diversity enhances business performance. Although we have made considerable progress at EGA, we recognise that we need to do more. We want the best people to join EGA irrespective of their gender, and to progress based on their ability and commitment to succeed.” He added, “We recognise that setting a target is just the beginning. To achieve it, we will develop further our inclusive leadership and culture, and focus on...
Three-month LME aluminium rose 0.61 per cent to end at US$ 2,620 per tonne on Wednesday, August 25. LME aluminium cash (bid) price and LME official settlement price dipped slightly by US$ 1 per tonne to come in at US$ 2,647.50 per tonne on Wednesday, August 25. But 3-months bid price and 3-months offer price grew US$ 3 per tonne from US$ 2,627 per tonne to US$ 2,630 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2,597.50 per tonne, up by US$ 10 per tonne from US$ 2,587.50 per tonne on August 24. LME aluminium opening stock decreased from 1295125 tonnes to 1292500 tonnes. Live Warrants stood at 847175 tonnes, while Cancelled Warrants totalled 445325 tonnes. LME aluminium 3-months Asian Reference Price settled at US$ 2,619.79 per tonne as of August 25. SHFE Aluminium...
National Aluminium Company Limited’s aluminium ingot price and aluminium products prices rebounded on Wednesday, August 25, following a sharp decline in the previous week. The company has reported that it is now selling its aluminium ingot at INR 226,750-230,250 per tonne, up by INR 8,000 per tonne from INR 218,750- 222,250 per tonne on August 20. NALCO’s aluminium wire rod price has also been raised by INR 8,000 per tonne from INR 221,250- 225,600 per tonne on August 20 to INR 229,250-233,600 per tonne on August 25. The latest hike has brought the company’s aluminium billets price to INR 230,200-232,850 per tonne, also an increase of INR 8,000 per tonne from INR 222,200- 224,850 per tonne. NALCO, like any other Indian aluminium producer, links its aluminium ingot and aluminium product...
The world-class aluminium producer, Press Metal Aluminium Holdings Bhd of Malaysia could take the advantage of the rising LME aluminium spot prices in 4Q, provided that its Samalaju Phase 3 facility is anticipated to be just weeks away from being fully operational. RHB Research pointed: “Samalaju Phase 3 could have been held back for one to two months from Press Metal's initial July target but sees little downside surprises moving forward.” "This will allow 4Q21 to more freely capture the upside in LME aluminium spot prices Vs a hedged sales proportion at 2021F’s $ 2,050/tonne price.” "This is in addition to the widening spread Vs alumina spot prices – Phase 1 of PMAH’s 25%-owned Bintan alumina refinery should come on stream around the same time.” "Hence, amid its slew of successive...
There has been a constant strive to evaluate the future of the global aluminium industry since the time the COVID-19 pandemic set in and affecting the industrial manufacturing businesses. The Indian aluminium sector could neither escape its prey, having the consumption declined by 15 per cent during the financial year 2021. Unprecedented lockdowns, manpower shortages, and supply chain disruptions due to the pandemic have resulted in severe challenges across all the verticals of the aluminium value chain. In this scenario, AlCircle is determined to delve into the current market trend to be able to envisage the future in their latest report on “ Outlook for the Indian Aluminium Industry - In-depth industry analysis & forecast to 2026-27” . The report shows the aluminium usage is estimated...
Vedanta has hiked its aluminium products price by INR 2,750 per tonne. With effect from Wednesday, 25 August 2021, the prices of some aluminium ingots stand at INR 228,250-241,250 per tonne, up by more than 1% from INR 225,500-238,500- per tonne on August 24. The billets price stands at INR 236,250 per tonne on 25 August 2021, indicating a growth of INR 2,750 per tonne or 1.18% from INR 233,500 per tonne on August 24. <iframe width="500" height="360" src="https://www.youtube.com/embed/0YrNiLaoJyo" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal...
Three-month LME aluminium opened at US$2,592 per tonne on Tuesday morning. The price closed US$10 per tonne or 0.39% higher at US$2,604 per tonne. As of Tuesday, August 24, LME aluminium cash (bid) price stands at US$ 2648.50 per tonne, LME official settlement price stands at US$ 2648.50 per tonne; 3-months bid price stands at US$ 2627 per tonne, 3-months offer price is US$ 2627 per tonne; Dec 22 bid price stands at US$ 2587.50 per tonne, and Dec 22 offer price stands at US$ 2587.50 per tonne. The LME aluminium opening stock stood at 1295125 tonnes. Live Warrants totalled 844475 tonnes and Cancelled Warrants were 450650 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2605.11 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to stand...
According to the International Aluminium Institute (IAI), primary aluminium production in Africa grew 5,000 tonnes or 3.85 per cent month-on-month to come in at 135,000 tonnes in July 2021. A month ago, in June, primary aluminium output in Africa was 130,000 tonnes, down by 6,000 tonnes or 4.41 per cent from 136,000 tonnes in May. On a year-on-year calculation, Africa’s primary aluminium production in July stood flat, found IAI. In the first seven months of the year, primary aluminium production in Africa totalled 916,000 tonnes, down by 2.45 per cent or 23,000 tonnes from 939,000 tonnes during the same period last year. The world primary aluminium production in July stood at 5.747 million tonnes, which reflected an increase of 3.4 per cent from 5.558 million tonnes in June. On a...
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices by INR 1,500 per tonne with effect from Tuesday, August 24. The company’s aluminium ingot price has come in at INR 225,000 per tonne compared to INR 223,500 per tonne on August 19. Hindalco is selling its aluminium wire rod at INR 236,100 per tonne in comparison with the last selling price of INR 234,600 per tonne. Aluminium billets price is standing at INR 232,100 per tonne, also up by INR 1,500 per tonne or 0.65 per cent from INR 230,600 per tonne. <iframe width="500" height="380" src="https://www.youtube.com/embed/mIk95qdTt7M" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>...
