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 rose 1.16 per cent to close at US$ 2,448 per tonne on Tuesday. LME aluminium cash (bid) price and LME official settlement price inched down marginally by US$ 0.50 per tonne to stand at US$ 2,424.50 per tonne on Tuesday, July 20. 3-months bid price and 3-months offer price decreased by US$ 3.50 per tonne to come in at US$ 2,442.50 per tonne. However, Dec 22 bid price and Dec 22 offer price gained US$ 2.50 per tonne to settle at US$ 2,432.50 per tonne. LME aluminium opening stock continued to decrease from 1449325 tonnes to 1440350 tonnes. Live Warrants totalled 897125 tonnes, while Cancelled Warrants closed at 543225 tonnes. LME aluminium 3-months Asian Reference Price hovered around US$ 2,434.69 per tonne as of July 20. SHFE Aluminium Price Trend Benchmark...
Century Aluminum Company’s wholly-owned subsidiary, Norðurál Grundartangi ehf, has reportedly reached an agreement with Landsvirkjun, the National Power Company in Iceland, to extend its 161MW power contract for the next three years till 2026. The extension of contract will increase the power supply to 182 MW over time, providing the necessary flexibility to support the most recent capacity creep requirements and future growth opportunities for value-added products at the plant. Jesse Gary, Century’s President and Chief Executive Officer, said, “We are pleased to reach this agreement with Landsvirkjun. I would like to personally thank Hörður Arnarson, Chief Executive Officer of Landsvirkjun, and his team for their hard work on reaching this agreement and for Landsvirkjun’s continued...
On 20 th July, the world’s largest producer of low carbon aluminium, En+ Group published its 2020 sustainability report. The report is stuffed with details of achievements over the 12 months to 31 December 2020, tracks the progress of ongoing initiatives and programmes, and delineate significant short-term sustainability targets and long-term ambitions. Furthermore to restating En+ Group’s ongoing commitment to continuous ESG performance improvement, the report also outlines two industry-leading developments announced in early 2021, out of them one is the development of the world’s lowest carbon aluminium from inert anode technologies, while the other is Company’s stated ambition to achieve net-zero emissions by 2050. En+ Group’s 2020 highlights include: A total social investment of $71...
AlCircle is delighted to have hosted the “AlCircle Expo 2021” successfully on June 29 & 30 and is thankful for receiving enthusiastic responses from exhibitors, sponsors and attendees. It was a virtual event designed to bring aluminium industry leaders from the entire value chain under one roof. When travel is still a constraint, offering a platform suitable to expand business networks, learning new skills, and sharing success stories was our objective. As we were also committed to offering a better experience this year, the event was driven by more advanced technology and digital tools, besides video calls, exchange of digital business cards, brochures, and product demos. The Expo this year was graced by a total of 1,040 attendees from 92 different countries to interact and network with...
Vedanta has slashed its aluminium products price for the two days in a row. With effect from Tuesday July 20 2021, the prices of some aluminium ingots came in at INR 212,250-225,250 per tonne, down by more than 2% or INR 5,000 per tonne from INR 217,250-230,250 per tonne on July 16. The billets price dropped by INR 5,000 per tonne or 2.22% to INR 220,250 per tonne on Tuesday, July 20, 2021. The price was INR 225,250 per tonne on Friday, July 16 2021. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price stood at US$ 2425 per tonne on July 19 from US$ 2493 per tonne on July 16. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a...
Hindalco Industries Limited has sharply reduced its aluminium ingot and aluminium products prices with effect from Tuesday, July 20, following the two consecutive hikes last week. Hindalco’s aluminium ingot price has witnessed a cut of INR 6,000 per tonne on July 20 to come in at INR 211,750 per tonne. On July 15, the price stood at INR 217,750 per tonne, gaining INR 2,500 per tonne from INR 215,250 per tonne on July 14. Today’s significant price cut has brought the company’s aluminium wire rod and billets prices at INR 222,850 per tonne and INR 218,850 per tonne, respectively. Both the prices are down by INR 6,000 per tonne from INR 228,850 per tonne and INR 224,850 per tonne on July 15. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of of...
The London Metal Exchange (LME) has announced the launch of a six new cash-settled futures contracts. The new cash-settled futures include lithium hydroxide, two regional steel scrap contracts, European HRC, aluminium scrap, and a duty paid European aluminium premium contract. Georgina Hallett, LME Chief Sustainability Officer, said: “We are really pleased to be delivering an important element of our sustainability strategy – which positions transparency and access as the core components for making metals the cornerstone of a sustainable future. Our lithium and scrap contracts are the product of valuable engagement with the metals and mining industry, our members and core users, as we all seek to best support the growth of the circular and low carbon economies.” The aluminium scrap...
Three-month LME aluminium fell 2.77% to close at US$2,420 per tonne on Monday, 19 July 2021. As of Thursday July 19, LME aluminium cash (bid) price stands at US$ 2425 per tonne, LME official settlement price stands at US$ 2425 per tonne; 3-months bid price stands at US$ 2446per tonne, 3-months offer price is US$ 2446 per tonne; Dec 22 bid price stands at US$ 2430 per tonne, and Dec 22 offer price stands at US$ 2430 per tonne. The LME aluminium opening stock stood at 1449325 tonnes. Live Warrants totalled 897125 tonnes and Cancelled Warrants were 552200 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2486.07per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE decreased to stand at US$ 2931 per tonne on Tuesday, July 20, 2021. The most-liquid SHFE...
A00 aluminium ingot price in China has continued to decrease for the second straight day to come close to RMB 19,000 per tonne. According to the Shanghai Metals Market, the price has plunged by RMB 290 per tonne to settle at RMB 19,040 per tonne on Tuesday, July 20.The average prices are expected to range between RMB 19,020 per tonne and RMB 19,060 per tonne, with spot contract to be traded at a premium price of RMB 40-0 per tonne. Among the major Chinese cities, Wuxi has also seen a downfall of RMB 290 per tonne to stand at RMB 19,040 per tonne, while the price in Hangzhou has decreased by RMB 285 per tonne to RMB 19,050 per tonne. In Foshan and Linyi, A00 aluminium ingot price has dwindled by RMB 270 per tonne to come in at RMB 19,130 per tonne and RMB 19,050 per tonne, followed by the...
The Russian aluminium giant, RUSAL has deployed a neural network to detect the quality of aluminium ingots produced at the Irkutsk Aluminium Smelter. The latest system automatically scans the surface quality of small aluminium ingots during production. Surface defects on each aluminium ingot are examined on the casting conveyor using a video monitoring system and special-purpose software. The neural network uncovers various types of defects, such as cracks, bumps, and foreign inclusions. It saves all the information concerning the defect and is displayed as an analytical diagram, with data available regarding the number of each type of defect per day and the number of ingots that did not pass quality assurance per shift. Employees can tweak the parameters based on which ingots are found...
The National Development and Reform Commission (NDRC) said on Monday, July 19, that China would continue to release aluminium from state reserves to lower the metal price. In a rare move aimed at cooling a rally in metal prices that has moved up raw materials costs for Chinese downstream aluminium manufacturer, the country sold 50,000 tonnes of primary aluminium in only a day of two allotted for the auction. More than 200 non-ferrous fabricators attended the bidding, with sales prices about 3-9 per cent lower than market price that day, the NDRC spokesperson Yuan Da said at a press briefing. "The release initially achieved the expected goal ... targeted placement granted downstream fabricators an opportunity to replenish stocks and lower some companies' raw material costs," Mr Yuan said....
European Union is a political and economic union of 27 member states that are located primarily in Europe and released the summarized details of its carbon border tax, stressing on other nations to validate carbon pricing by 2026 instead of countering carbon border tax. The carbon tariff will apply to the energy-sensitive products imported into the EU from manufacturing countries with weaker environmental measures. Aluminium, iron and steel are among others that stand as the first contender for this carbon border tax. The EU said: “The policy is designed to stop carbon leakage and the risk companies will relocate to countries with weaker regulations.” However, multiple of the union’s trade partners are dejected by the methodology and criticized by saying “it is protectionism in a green...
National Aluminium Company Limited (NALCO) increased its aluminium ingot and aluminium products prices by INR 1,200 per tonne or 0.55 per cent with effect from Saturday, July 17. That brought the aluminium ingot price to INR 215250- 218750 per tonne versus INR 214,050-217,550 per tonne on Wednesday, July 14. NALCO’s aluminium wire rod price came in at INR 218750- 223100 per tonne on July 17, also up by INR 1,200 per tonne from INR 217,550-221,900 per tonne. The company’s aluminium billets price also saw an increase of INR 1,200 per tonne from INR 217,500-220,150 per tonne to INR 218,700- 221,350 per tonne. NALCO, like any other Indian aluminium producer, links its aluminium ingot and aluminium product prices to the three-month futures of aluminium on the London Metal Exchange, which...
SMM aluminium ingot price marked a decline of RMB 80 per tonne in Monday, 19 July, 2021. The price stood at RMB 19330 per tonne, from RMB 19410 per tonne on July 16. The price is expected to move within a range of RMB 19310-19350 per tonne today. In Foshan and Wuxi, the price dropped by RMB 60 per tonne and RMB 120 per tonne to stand at RMB 19400 per tonne and RMB 19330 per tonne on Monday, July 19, 2021. Aluminium prices in Hangzhou and Chongqing stood at RMB 19335 per tonne and 19325 per tonne, down RMB 110 per tonne and 80 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi decreased to stand at RMB 19300 per tonne, RMB 19270 per tonne, RMB 19320 per tonne, and RMB 19210 per tonne on Monday, July 19, 2021. The price of aluminium alloy (ZLD102) and aluminium alloy...
On 15th July 2021, Hencon, the globally renowned engineering company delivering solutions and services to the aluminium and mining industry launched compact vacuum cleaner ‘EVY’, keeping its tagline ‘Fresh Thinking, Smart Cleaning’. Hencon is consistently progressing new improvements and sustainable solutions that emphasise efficiency, safety, maintainability, lowering the cost of ownership, and the environmental impact of its products. One of the toughest jobs in the aluminium industry is keeping the potroom clean. Now to trouble-free the industry, a special vehicle is required, performing dust-free with a high output. Here comes, the latest development of Hencon in this domain, the first serial-produced, compact vacuum cleaner EVY with just one specification. The EVY guarantees the...
Three-month LME aluminium closed Friday trading at 0.88 per cent lower. LME aluminium cash (bid) price and LME official settlement price inched down by US$ 2 per tonne to stand at US$ 2,493 per tonne on Friday, July 16. Meanwhile, 3-months bid price and 3-months offer price remained restrained at US$ 2,510.50 per tonne. Dec 22 bid price and Dec 22 offer price, on the other hand, gained US$ 0.50 per tonne to come in at US$ 2,494.50 per tonne. LME aluminium opening stock decreased from 1465775 tonnes to 1457800 tonnes. Live Warrants totalled 897275 tonnes, while Cancelled Warrants closed at 575525 tonnes. LME aluminium 3-months Asian Reference Price hovered around US$ 2,517.38 per tonne as of July 16. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE declined by US$ 26 per tonne...
Primary aluminium sector saw major developments this week. LME aluminium cash (bid) price and LME official settle price increased this week, while SMM aluminium ingot price performed higher Let's explore: European aluminium producers are seeking exclusion from the first phase of the European Union’s carbon border adjustment mechanism (CBAM), claiming that the initiative will put the industry at a competitive disadvantage to foreign rivals and do little to tackle climate change. To know more: https://www.alcircle.com/news/european-aluminium-producers-seeking-exemption-from-carbon-border-tax-68782 SMM aluminium ingot price performed higher this week. The week started with an increase of RMB 210 per tonne and RMB 100 per tonne on Monday. Aluminium price stood higher by RMB 130 per tonne on...
Vedanta has cut its aluminium products price after raising it for the two days in a row. With effect from Friday July 16 2021, the prices of some aluminium ingots stood at INR 217,250-230,250 per tonne, a drop of by INR 1,250 per tonne from INR 218,500-231,500 per tonne on July 15. The billets price stands at INR 225,250 per tonne on Friday, July 16 2021. This marks a decrease of 0.55% or INR 1,250 per tonne from INR 226,500 per tonne on July 15. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price stood at US$ 2493 per tonne on July 16 from US$ 2495per tonne on July 15. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a stake...
