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 weakened 0.31% to end at US$2,446.5 per tonne last Friday, with open interest adding 11,000 lots to 738,000 lots. SMM expects the contract to fluctuate between US$2,450-2,500 per tonne today. As of Friday, May 14, LME aluminium cash (bid) price stands at US$ 2438 per tonne, LME official settlement price stands at US$ 2438 per tonne; 3-months bid price stands at US$ 2462.50 per tonne, 3-months offer price is US$ 2462.50 per tonne; Dec 22 bid price stands at US$ 2450 per tonne, and Dec 22 offer price stands at US$ 2450 per tonne. The LME aluminium opening stock stood at 1762525 tonnes. Live Warrants totalled 1219000 tonnes, and Cancelled Warrants were 543525 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2441.70per tonne. SHFE Aluminium...
The non-ministerial government department of the United Kingdom, Serious Fraud Office (SFO), which investigates and prosecutes serious or complex fraud and corruption in England, Wales and Northern Ireland, stated on 14 th May 2021, that it has initiated an investigation suspected of fraudulent trading and money laundering linked to companies within the GFG Alliance, led by metal tycoon Sanjeev Gupta. The investigation mounts pressure on Sanjeev Gupta, the CEO and Chairman of GFG Alliance, who has been struggling to refinance his international business network of aluminium, steel, and energy following the collapse of lending firm Greensill Capital in March 2021. The SFO said: “The investigation covers the company's financial arrangements with Greensill Capital UK Ltd.” "The SFO is...
Vedanta has reduced its aluminium products price by INR 3,000 per tonne. With effect from Saturday, 15 May 2021, the prices of some aluminium ingots have declined by more than 1% to stand at INR 206,500-219,500 per tonne from INR 209,500-222,500 per tonne on May 13. The company’s billets price stands at INR 214,500 per tonne on Saturday, 15 May 2021, a decrease of INR 3,000 per tonne or 1.38% from INR 217,500 per tonne on May 13. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price on stood at US$ 2,438 per tonne on Friday, May 14, an increase from US$ 2,422.5 per tonne on May 13. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta...
SMM aluminium ingot price started the week with an increase of RMB 340 per tonne on Monday, 10 May 2021 to RMB 20030 per tonne. The price on Wednesday increased to stand at RMB 19980 per tonne from Tuesday’s price of RMB 19820 per tonne. The aluminium price closed the week lower at RMB 19660 per tonne on Friday, 14 May 2021, down RMB 160 per tonne. It is likely to trade between RMB 19640- 19680 per tonne. As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, reduced by 54,000 tonnes from the week before to 1.06 million tonnes as of Thursday, 13 May 2021. The alumina price in China performed higher this week. The average spot alumina price stood at RMB 2376 per tonne and RMB 2388 per tonne on May 10...
On 14 th May 2021, the Indian State-owned integrated mining and metal company, Nalco stated that it is expanding its support towards the 70-bed Covid centre at Saheed Laxman Naik Medical College at Koraput, Odisha to make the facility fully functional. Equally, Nalco has also extended its support for a 66-bed COVID healthcare facility at ESI Hospital in Angul, Odisha by shouldering the cost of the total operation and maintenance of the facility, as said the organisation. The company is extremely concerned about the rise in the number of COVID-19 cases and the sufferings of people. "Moved by the second wave of the COVID pandemic, National Aluminium Company Ltd (Nalco) is leaving no stone unturned to stand in solidarity with the people of Odisha, in the fight against COVID-19," it said. The...
Three-month LME aluminium fell 0.1 per cent to close at US$ 2,529.5 per tonne on Monday, May 10. However, on Tuesday, it rose 0.14 per cent to close at US$ 2,533 per tonne. On Wednesday, May 12, again fell by 1.46 per cent to US$ 2,496 per tonne and further by 1.68 per cent to close at US$ 2,554 per tonne on Thursday, May 13. LME aluminium cash (bid) price and LME official settlement price opened the week on Monday, May 10, with a hike of US$ 46.50 per tonne to stand at US$ 2,565 per tonne. But Tuesday onwards, the prices started showing downtrend to US$ 2,549.50 per tonne. On Wednesday, May 12, both LME aluminium cash (bid) price and LME official settlement price declined further by US$ 75.50 per tonne to stand at US$ 2,474 per tonne. On Thursday, May 13, the prices came in at US$...
Hindalco Industries Limited has extended its aluminium ingot and aluminium product price cut for the second day in a row, with effect from Thursday, May 12. Aluminium ingot price has witnessed a reduction of INR 6,250 per tonne to INR 209,250 per tonne. On the previous day, May 12, the company’s aluminium ingot price stood at INR 215,500 per tonne, inching down by INR 1,500 per tonne from INR 217,000 per tonne as of May 11. Since the latest cut, Hindalco is selling its aluminium wire rod price at INR 220,350 per tonne, which is also down by INR 6,250 per tonne from INR 226,600 per tonne on May 12. Hindalco’s aluminium billets price has come in at INR 216,350 per tonne on May 13 from INR 222,600 per tonne on a day earlier. Hindalco links its aluminium products and aluminium ingot prices to...
A00 aluminium ingot price in China has decreased for the second day in a row by RMB 160 per tonne to close the week on Friday, May 14, at RMB 19,660 per tonne, according to the Shanghai Metals Market. The average prices are expected to range between RMB 19,640 per tonne and RMB 19,680 per tonne, with spot contract to be traded at a premium price of RMB 30-10 per tonne. Linyi has seen the highest decline of RMB 180 per tonne to RMB 19,670 per tonne, followed by the plunge of RMB 170 per tonne in Foshan and Chongqing to RMB 19,740 per tonne and RMB 19,640 per tonne, respectively. In Gongyi and Wuxi, A00 aluminium ingot price has decreased by RMB 160 per tonne to come in at RMB 19,570 per tonne and RMB 19,660 per tonne, while the price in Hangzhou and Shenyang has slid by RMB 145 per tonne...
Three-month LME aluminium fell 1.68 per cent to close at US$ 2,554 per tonne on Thursday. It is expected to trade between US$ 2,400-2,480 per tonne today. LME aluminium cash (bid) price and LME official settlement price continued to decline for the third day in a row by US$ 51.50 per tonne to come in at US$ 2,422.50 per tonne on Thursday, May 13. 3-months bid price and 3-months offer price slid by US$ 56.50 per tonne from US$ 2,492.50 per tonne to US$ 2,436 per tonne. Dec 22 bid price and Dec 22 offer price came in at US$ 2,430 per tonne on Thursday, reflecting a decrease of US$ 58 per tonne from US$ 2,488 per tonne. The LME aluminium opening stock declined further from 1772700 tonnes on May 12 to 1766025 on May 13. Live Warrants totalled 1219700 tonnes, while Cancelled Warrants stood at...
The United Steelworkers union at the invocation of the Association of the aluminium industry in regards to seeing employment requirements evacuated from government investments reacted by commenting: “The aluminium industry wants the butter, the butter money and the money to sell in the United States, all this, financed by our taxes and duties.” The Quebec aluminium smelter lobby is opposed and criticised by the Steelworkers. Alexandre Fréchette, the person in charge of aluminium at the union said: "It is not true that the money from our taxes will be used to finance robots that will make us lose our jobs and reduce the economic spinoffs for Quebec.” The union also stated that they are aware of the need for technologies like Elysis, which is focusing to displace carbon anodes to reduce...
Vedanta Limited announced its audited consolidated results for the fourth quarter and full year ended 31st March 2021. For Q4 FY2021, the company reported all time high EBITDA at INR 9,107 crore, up 18% quarter-on-quarter and 88% year-on-year due to “higher volumes at Zinc India, Aluminium & Iron Ore business and higher commodity & oil prices in Q4 FY2021, partially offset by higher COP at Aluminium and steel business majorly due to input commodity inflation.” For the FY2021, EBITDA stood at INR 27,341 crore, an increase of 30%. In Q4, Vedanta’s attributable Profit after Tax (PAT) before exceptional items stood at INR7,013 crore. For FY2021, Attributable Profit after Tax (PAT) before exceptional items came in at INR 12,151 crore. Vedanta reported higher ever Aluminium production of 1.969...
The Tomago Aluminium’s annual awards show that held at the Newcastle Exhibition Centre in Australia recognised the efforts of individuals and teams employed by the company to enhance the smelter’s operations. While presenting awards to individuals and teams by Stacey Sleeman, CFO of Tomago Aluminium, said: “The Company encourages its employees to continually strive for improvement and to look for new, different and better ways of doing things.” A plan designed to decrease equipment failures at Tomago Aluminium, Australia’s biggest aluminium smelter while maximising reliability and reducing routine maintenance costs by more than $485,000 annually, rewarded its innovator the top individual prize in this year’s awards while a plan to recycle used anode pins took out the team prize. Leigh...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, reduced by 54,000 tonnes from the week before to 1.06 million tonnes as of Thursday, 13 May 2021. The chart below shows the status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Gongyi declined the most. The stocks in Gongyi stood at 110,000 tonnes on Thursday, 13 May 2021, down 24,000 tonnes from May 6. In Shanghai, Wuxi and Nanhai, the inventories decreased by 5,000 tonnes, 14,000 tonnes and 10,000 tonnes from last Thursday to stand at 97,000 tonnes, 413,000 tonnes and 260,000 tonnes. Hangzhou stocks remained unchanged at 100,000 tonnes. Inventories of primary aluminium in Tianjin and Chongqing...
Hindalco’s aluminium ingot and aluminium products prices witnessed a decline on Wednesday, May 12, following a rise on the previous day. The company reduced its aluminium ingot price by INR 1,500 per tonne to INR 215,500 per tonne with effect from May 12. On May 11, the price stood at INR 217,000 per tonne, reflecting a hike of INR 2,750 per tonne from the previous day. Hindalco’s aluminium billets price came in at INR 222,600 per tonne compared to INR 224,100 per tonne on May 11. Since the latest hike on May 12, Hindalco Industries is selling its aluminium wire rod at INR 226,600 per tonne, which is also down by INR 1,500 per tonne from INR 228,100 per tonne on May 11. Hindalco links its aluminium products and aluminium ingot prices to the three-month futures of aluminium on the London...
Three-month LME aluminium fell 1.46 per cent to close at US$ 2,496 per tonne on Wednesday, May 12. It is expected that the contract will trade between US$ 2,450-2,520 per tonne today. LME aluminium cash (bid) price and LME official settlement price decreased for the second day in a row to stand at US$ 2,474 per tonne on Wednesday, May 12, down by US$ 75.50 per tonne or 2.96 per cent from May 11. 3-months bid price and 3-months offer price declined by US$ 72.50 per tonne from US$ 2,565 per tonne to US$ 2,492.50 per tonne. Dec 22 bid price and Dec 22 offer price came in at US$ 2,488 per tonne on Wednesday, reflecting a downtrend of US$ 60 per tonne from US$ 2,548 per tonne. The LME aluminium opening stock continued to decrease from 1780900 tonnes on May 11 to 1772700 tonnes on May 12. Live...
The aluminium associations of the United States of America, Europe, Canada and Japan call on G7 governments to deliver leadership in support of ambitious multilateral and plurilateral negotiations to regulate trade-distorting government support and state ownership in industrial sectors. However, today, clear and compelling evidence of the existing multilateral subsidy rules are inadequate to remedy the scale and scope of state intervention in aluminium markets. The latest released report of the Organisation for Economic Cooperation and Development (OECD), “ Measuring distortions in international markets: Below-market finance ” ,, OECD Trade Policy Papers, No. 247, OECD Publishing, Paris, provides new insights across more than 300 firms in 13 industrial sectors. OECD analysis included 32...
Aluphoenix Srl has joined ASI as a new Production & Transformation member, bringing the total number of ASI Members to 167. Aluphoenix Srl is specialized in manufacturing alloys of the series EN AB AB 41.000, 42.000, 43.000, 44.000, 45.000, 51.000 and 71.000. The production is managed according to the management system for the quality and environment developed and certified according to the standards ISO 9001:2015, IATF 16949:2016 and ISO 14001:2015. ”Aluphoenix Srl is deeply aware of the social responsibilihhty of its entrepreneurial activity, and is committed to contributing to the creation of an increasingly sustainable society worldwide,’’ said Lino Parise, CEO and Chairman. The Aluminium Stewardship Initiative (ASI) is a global, multi-stakeholder, non-profit standards setting and...
Hydro announced Johan Berg, plant manager at Husnes, has been appointed as Chief Operations Officer at Hydro’s Qatalum joint-venture smelter in Qatar. Johan will start his new role on July 1, 2021 and report to Qatalum CEO Khalid Mohammed Laram. “Berg has been four years at Husnes that has included the upgrade and restart of the B-line and returning the plant to full capacity.” The process to find new plant manager at Husnes has been initiated. Johan had worked as senior operational management roles, including as Head of Asset Management in Aluminium Metal. Johan also worked for Elkem and Alcoa in various management positions in operations, technology, strategy and sales in Norway, Canada, the US and Iceland. Johan holds an MSc in Metallurgical Engineering from the Norwegian University of...
