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 fell 0.19% to close at US$2,385.5 per tonne on Tuesday. SMM expects the contract to trade between US$2,350-2,410 per tonne today. As of Tuesday, May 25, LME aluminium cash (bid) price stands at US$ 2341 per tonne, LME official settlement price stands at US$ 2341 per tonne; 3-months bid price stands at US$ 2372.50 per tonne, 3-months offer price is US$ 2372.50 per tonne; Dec 22 bid price stands at US$ 2384.50 per tonne, and Dec 22 offer price stands at US$ 2384.50 per tonne. The LME aluminium opening stock stood at 1733775 tonnes. Live Warrants totalled 1144900 tonnes, and Cancelled Warrants were 588875 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2382.50 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased...
Aditya Birla Group company Aditya Aluminium has rendered its support to the Jharsuguda district administration for combating the COVID-19 crisis. According to a report, the smelter-power plant has donated 10 oxygen concentrators, 200 N95 masks, 200 PPE kits, 100 double-layered Sambalpuri cotton masks to the district administration. The company unit head Sameer Nayak handed over the materials to Collector Saroj Kumar Samal in presence of Dr Vivekanand Mishra, unit HR head; Satya Das, ER head; Sweta Upadhayay, CSR head; Bijaya Kumura, HR manager and Manoranjan Behera, CSR Asst Manager among many others. Besides this, Aditya Aluminium has been providing its support to the Sambalpur district administration, Rengali block administration, and the community at large for the past 18 months. It...
According to the Shanghai Metals Market, A00 aluminium ingot price in China has continued to grow by RMB 20 per tonne to come in at RMB 18,390 per tonne on Wednesday, May 26. The average prices are expected to range between RMB 18,370 per tonne and RMB 18,410 per tonne, with spot contract to be traded at a premium price of RMB 0-40 per tonne. However, the hike today in A00 aluminium ingot price has not touched upon all the major markets in China. For instance, in Wuxi and Hangzhou, the price has decreased by RMB 35 per tonne to stand at RMB 18,375 per tonne and RMB 18,385 per tonne, respectively. In Linyi, primary aluminium ingot price has dipped by RMB 10 per tonne to RMB 18,500 per tonne, while the price in Chongqing has remained muted at RMB 18,420 per tonne. Shenyang and Gongyi have...
According to the latest data showed by the International Aluminium Institute (IAI), North America’s primary aluminium production stood at 327,000 tonnes in April. That was a decrease of 1.8% or 6,000 tonnes from 333,000 tonnes in April 2020. On a monthly basis, the output slipped by 3.25% from 338,000 tonnes in March. The primary aluminium stood at 1.313 million tonnes in the first four months of 2021, slightly down by 0.45% year-on-year. The output was 1.319 million tonnes in the first four months of 2020. In South America, primary aluminium production was 95,000 tonnes in April 2021, from 71,000 tonnes in April 2020, marking a hike of 33.8% year-on-year. On a month-on-month comparison, aluminium production declined 3.06% from 98,000 tonnes in March. Primary aluminium production in South...
According to the latest report from the US Geological Survey, US domestic primary aluminium production stood at 75,000 tonnes in March 2021. The average daily output came in at 2,410 tonnes, down 3% month-on-month and 21% year-on-year. Total aluminium recovered from scrap was 272,000 tonnes in March 2021, 10% more than that in February 2021, slightly less than the amount in March 2020, and 6% less than that in March 2019. Of this, 155,000 tonnes of aluminium was recovered from new scrap and 117,000 tonnes was recovered from old scrap. In March, the average U.S. spot market price of primary aluminium ingot was $1.18 per pound, 8% more than that in February 2021. Inventories of primary aluminium in LME-approved warehouses, including off-warrant inventories, in the United States stood at...
SMM aluminium ingot price registers a hike after four days of decline. The price stands at RMB 18370 per tonne on Tuesday, 25 May 2021, marking an increase of RMB 30 per tonne from Monday’s price of RMB 18340 per tonne. The price is expected to move within a range of RMB 18350-18390 per tonne. In Foshan, the price has increased by RMB 40 per tonne to stand at RMB 18560 per tonne on Tuesday, 25 May 2021. In Wuxi and Hangzhou, the price has inched up by RMB 135 per tonne and RMB 65 per tonne to stand at RMB 18410 per tonne and RMB 18420 per tonne. Aluminium ingot prices in Chongqing, Tianjin, Linyi and Gongyi have increased to stand at RMB 18420 per tonne, RMB 18390 per tonne, RMB 18510 per tonne and RMB 18360 per tonne. The price in Shenyang declined by RMB 50 per tonne at RMB 18390 per...
National Aluminium Company Limited (NALCO) extended its aluminium ingot and aluminium products price cut last week, albeit lower than the previous day, with effect from May 22. NALCO reduced its aluminium ingot price by INR 5,200 per tonne or 2.5 per cent to INR 200,350-203,850 per tonne on Saturday, May 22. On Wednesday, May 19, NALCO’s aluminium ingot price stood at INR 205,550-209,050 per tonne, decreasing by INR 8,800 per tonne from May 11. Since the latest cut, NALCO’s aluminium wire rod price has been hovering around INR 203,850-208,200 per tonne, also down by INR 5,200 per tonne from INR 209,050-213,400 per tonne on May 19. The company is currently selling is aluminium billets price at INR 203,800-206,450 per tonne, with effect from May 22, compared to INR 209,000-211,650 per tonne...
Three-month LME aluminium advanced 0.44 per cent to settle at US$ 2,390 per tonne on Monday, and it is likely to fluctuate between US$ 2,250-2,350 per tonne today. LME aluminium cash (bid) price and LME official settlement price nosedived by US$ 98 per tonne on Monday, May 24, to settle at US$ 2,305 per tonne, following a rise of US$ 11 per tonne on the previous day to US$ 2,403 per tonne. 3-months bid price and 3-months offer price decreased by US$ 97 per tonne to stand at US$ 2,337 per tonne. Dec 22 bid price and Dec 22 offer price came in at US$ 2,347 per tonne on Monday compared to US$ 2,435 per tonne on Friday, May 21. The LME aluminium opening stock continued to decline from 1750350 tonnes on May 21 to 1741825 tonnes on May 24. Live Warrants totalled 1149875 tonnes, while Cancelled...
The aluminium smelter Qatalum, which is a joint venture between Qatar Petroleum and Norsk Hydro, has signed an agreement with GE, the global digital industrial company to deliver five Advanced Gas Path (AGP) upgrade units and maintenance services for 15 years for equipment at its 1,080 megawatts (MW) power plant, and a suite of cybersecurity solutions. Out of the five AGP upgrades, four will be installed on Qatalum’s 9F gas turbines and the remaining one unit will be put aside as a spare. The innovative AGP solution will be for the first time deployed in Qatar. It is anticipated that this installation will support Qatalum to enhance its power supply by up to 96.7 megawatts with boosted plant efficiency and increase the availability of its gas turbines and reduce operational expenses by...
Primary aluminium production in East & Central Europe stood at 341,000 tonnes in April 2021, reflecting a downfall of 12,000 tonnes or 3.40 per cent month-on-month. However, in March, the output stood up by 34,000 tonnes or 10.66 per cent from 319,000 tonnes in February to 353,000 tonnes. East & Central Europe’s primary aluminium production in Q1 2021 totalled 1.025 million tonnes, down by 1.54 per cent from 1.041 million tonnes in Q1 2020. On a year-on-year calculation, primary aluminium production in East & Central Europe in April 2021 stood down by only 1,000 tonnes from 341,000 tonnes. Total production during January-April 2021 amounted to 1.366 million tonnes, down by 1.23 per cent from 1.383 million tonnes during the same period last year. Primary aluminium production in West Europe...
Emirates Global Aluminium, the world’s largest producer of ‘premium aluminium’, with smelters in Abu Dhabi and Dubai, has unveiled its new corporate purpose: Together, innovating aluminium to make modern life possible. The company also aims to achieve its new mission—to generate value from mining to metal. The company has an alumina refinery in Abu Dhabi, and a bauxite mine and export facilities in the Republic of Guinea. Abdulnasser Bin Kalban, EGA’s Chief Executive Officer, said: “We sum up our new purpose in eight simple words: Together, innovating aluminium to make modern life possible. Fulfilling it over the decades ahead will require us to transform our operations and make step-changes in how we contribute to the world and the societies in which we operate, as well as for our...
Three-month LME aluminium rose 0.32% to close at US$2,379.5 per tonne on Friday. SMM expects the contract to fluctuate between US$2,250-2,350 per tonne today. As of Friday, May 21, LME aluminium cash (bid) price stands at US$ 2403 per tonne, LME official settlement price stands at US$ 2403 per tonne; 3-months bid price stands at US$ 2434 per tonne, 3-months offer price is US$ 2434 per tonne; Dec 22 bid price stands at US$ 2435per tonne, and Dec 22 offer price stands at US$ 2435 per tonne. The LME aluminium opening stock stood at 1750350 tonnes. Live Warrants totalled 1178250 tonnes, and Cancelled Warrants were 572100 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2364.85per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE decreased to stand at...
The International Aluminium Institute found primary aluminium production in Africa stood at 130,000 tonnes in April 2021, reflecting a marginal drop of 1,000 tonnes month-on-month. On a year-on-year calculation, the output in April recorded a downfall of 3,000 tonnes or 2.26 per cent from 133,000 tonnes. In March 2021, Africa produced 131,000 tonnes of primary aluminium, bringing the total production for Q1 2021 to 385,000 tonnes. The output in March was up by 10,000 tonnes or 8.26 per cent from 121,000 tonnes in February 2021 but down by 8,000 tonnes or 5.76 per cent from 139,000 tonnes in March 2020. Africa’s aluminium production in Q1 2021 stood down by 7,000 tonnes or 4.23 per cent from 402,000 tonnes a year ago. In the first four months of 2021, primary aluminium production in Africa...
The Australian Aluminium Council, which represents Australia’s bauxite mining, alumina refining, aluminium smelting and downstream processing industries has appointed Alcoa’s Vice President Operations Australia and President Alcoa Australia Michael Gollschewski as its new President. On his appointment as the President of the Aluminium Council, Michael Gollschewski, said: “I am looking forward to supporting the important role the Council has to play in representing the industry as it faces an exciting and challenging decade of transition ahead.” “Global demand for aluminium is strong and aluminium use is highly correlated with the transition to a lower-carbon future. Australia is well placed to capitalise on this trend as the world’s largest producer of bauxite and the largest producer of...
On 20 th May 2021, three-month LME aluminium fell 2.49% to close at US$ 2,554 per tonne. The world primary aluminium production stood at 5.560 million tonnes in April 2021, reflecting a month-on-month downfall of 3.20% from 5.744 million tonnes, as revealed by International Aluminium Institute. On a year-on-year calculation, the output in April edged higher by 5.26% from 5.282 million tonnes. On the other hand, the trusted source of commercial intelligence for the world's natural resources sector, Wood Mackenzie’s analysis has indicated that a long-term rise in price for copper is likely to counter serious contention from aluminium. Let us check some of the top-rated global primary aluminium news, which kept the week progressive: Three-month LME aluminium fell 2.49 per cent to close at...
World primary aluminium production stood at 5.560 million tonnes in April 2021, reflecting a month-on-month downfall of 3.20 per cent from 5.744 million tonnes, showed the International Aluminium Institute. On a year-on-year calculation, the output in April edged higher by 5.26 per cent from 5.282 million tonnes. In the first four months of 2021, world primary aluminium production totalled 22.215 million tonnes, down by 3.91 per cent from 21.347 million tonnes during the same period last year. In China, the world’s largest aluminium producer, primary aluminium output in April 2021 came in at 3.223 million tonnes – 3.21 per cent less than 3.330 million tonnes in March 2021 but up by 7.68 per cent from 2.993 million tonnes in April 2020. In total four months of the year, China produced...
Hydro has teamed up with Everfuel for coordinated development, operation, and optimization of hydrogen electrolysers based on renewable energy in Europe. The use of carbon-free hydrogen in aluminium production will contribute towards Hydro’s global commitment to reduce its greenhouse gas emissions by 30% by 2030. For this project, Hydro’s renewable hydrogen company has signed a Memorandum of Understanding (MoU) with Everfuel. Both the companies will establish elecotrolysers next to Hydro-owned aluminium plants delivering hydrogen to the aluminium plants as well as to the transport sector. Hydro’s new renewable hydrogen company, which aims to take a leading role as a developer, owner and operator in the hydrogen sector, will use renewable energy-based hydrogen at several of Hydro’s own...
Three-month LME aluminium fell 2.49 per cent to close at US$ 2,554 per tonne on Thursday. It is expected to trade between US$ 2,400-2,480 per tonne today. The contract will keep fluctuating weakly following SHFE aluminium. LME aluminium cash (bid) price and LME official settlement price continued to decline by US$ 10.50 per tonne to close at US$ 2,392 per tonne on Thursday, May 20. 3-months bid price and 3-months offer price decreased by US$ 13.50 per tonne to stand at US$ 2,419 per tonne. Dec 22 bid price and Dec 22 offer price stood at US$ 2,421 per tonne on Thursday compared to US$ 2,427.59 per tonne on Wednesday, May 19. The LME aluminium opening stock decreased from 1759675 tonnes on May 19 to 1757350 tonnes on May 20. Live Warrants totalled 1218950 tonnes, while Cancelled Warrants...
