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 increased 2.55 per cent to close at US$ 2,510 per tonne on Thursday, May 6. It is expected to trade between US$ 2,450-2,520 per tonne today. LME aluminium cash (bid) price and LME official settlement price surged on Thursday, May 6, by US$ 30.50 per tonne or 1.25 per cent to settle at US$ 2,476.50 per tonne. 3-months bid price and 3-months offer price came in at US$ 2,476 per tonne, gaining US$ 36.50 per tonne from US$ 2,439.50 per tonne on May 5. Dec 22 bid price and Dec 22 offer price stood at US$ 2,454 per tonne on Thursday, increasing by US$ 26 per tonne from US$ 2,428 per tonne. The LME aluminium opening stock continued to decline from 1810550 tonnes to 1802175 tonnes. Live Warrants rebounded to 1231600 tonnes, while Cancelled Warrants totalled 570575...
The leader in the global aluminium industry and a leading low-carbon aluminium producer, RUSAL has appointed Bob Katsiouleris as Director of Market Development and Risk, reporting to Steve Hodgson, Director of Sales and Marketing. In his new role, Bob will shoulder the responsibility for long-term product strategy development, price and market risk management, market intelligence and strengthening partnerships with key customers within the Company’s key growth segments. As the irreversible structural shift towards a more sustainable world continues, he will support the development of long-term relationships with key aluminium consumers who are increasingly demanding premium, high quality, value-added products consistent with their own environmental goals. Bob will play a crucial role in...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, remained unchanged from last Thursday to 1.12 million tonnes as of Thursday, 06 May 2021. The chart below shows the status of the primary aluminium inventories across China in more details: Stocks in Shanghai, Nanhai, Hangzhou and Tianjin increased slightly on Thursday, 06 May 2021, standing at 102,000 tonnes, 270,000 tonnes, 100,000 tonnes and 61,000 tonnes from last Thursday’s inventory of 100,000 tonnes, 269,000 tonnes, 99,000 tonnes and 60,000 tonnes. Inventories of aluminium in Wuxi, Chongqing and Linyi remained unchanged at 427,000 tonnes, 7,000 tonnes and 14,000 tonnes as of Thursday, 06 May 2021. Primary aluminium ingot inventories in...
Alcoa Corporation has published its 2020 Sustainability Report, highlighting the company’s progress against key environmental, social and governance (ESG) objectives. The report has been prepared in accordance with Global Reporting Initiative (GRI) Standards. “Our latest sustainability report highlights the important work we accomplished in 2020 in the midst of one of the most challenging years for our Company and the world,” said Roy Harvey, Alcoa President and CEO. “Our firmly rooted commitment to our values and our strategic priority to Advance Sustainably helped our employees, their families, and our host communities navigate the pandemic while delivering results that reflect our sustainability leadership.” The report highlights that the company acted quickly to protect its employees...
Three-month LME aluminium rose 0.76% to close at US$2,247.5 per tonne on Wednesday. SMM expects the contract to trade between US$2,420-2,460 per tonne today. As of Wednesday, May 5, LME aluminium cash (bid) price stands at US$ 2446 per tonne, LME official settlement price stands at US$ 2446 per tonne; 3-months bid price stands at US$ 2439.50 per tonne, 3-months offer price is US$ 2439.50per tonne; Dec 22 bid price stands at US$ 2428 per tonne, and Dec 22 offer price stands at US$ 2428 per tonne. The LME aluminium opening stock stood at 1810550 tonnes. Live Warrants totalled 1231600 tonnes, and Cancelled Warrants were 578950 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2440.61per tonne. SHFE Aluminium Price Trend Shanghai base metals Exchange opened after the...
On Thursday, May 6, A00 aluminium ingot price in China has crossed RMB 19,000 per tonne after resuming the market from the Labour Day Holiday. According to Shanghai Metals Market data, the primary aluminium ingot price has gained over RMB 300 per tonne to come in at RMB 19,150 per tonne, marking the third consecutive growth since April 29. The average prices are expected to range between RMB 19,130 per tonne and RMB 19,170 per tonne, with spot contract to be traded at a premium price of RMB 70-30 per tonne. In Foshan, A00 aluminium ingot price has jumped by RMB 330 per tonne to settle at RMB 19,170 per tonne on May 6, followed by the surge of RMB 325 per tonne in Shenyang to RMB 19,105 per tonne, according to SMM. Gongyi, Chongqing, and Tianjin have seen a hike of RMB 320 per tonne to RMB...
On Wednesday, May 5, Century Aluminum Company posted its quarterly reports announcing that its primary aluminum shipments in the first quarter ended on March 31, 2021, grew marginally by 757 tonnes to 195,697 tonnes. In Q4 2020, Century Aluminum’s shipments clocked in at 194,940 tonnes. Despite the marginal rise in shipments, the Company saw a 14 per cent increase in its net sales from $ 389.1 million in Q4 2020 to $ 444 million in Q1 2021. But on the other hand, Century reported a net loss of $ 140 million for the first quarter of the year - $ 104.50 million higher sequentially. First quarter results were negatively impacted by $ 87.4 million of exceptional items, in particular $92.7 million of unrealized losses on forward derivative contracts (net of tax). Thus, Century reported an...
Vedanta Aluminium & Power Business has announced that more than 7500 of its people received COVID vaccine across its plants. The company has also increased the capacity of its COVID Care Centres and quarantine in Odisha and Chhattisgarh to handle the pandemic scenario around its areas of operations. Vedanta's COVID Care Centres at Jharsuguda and Lanjigarh in Odisha, and BALCO in Korba, Chhattisgarh, are providing proper care to COVID affected. Vedanta Chairman Anil Agarwal has pledged INR 150 crore to support to manage the second wave of the pandemic. Vedanta is conducting awareness drives to sensitize communities on COVID prevention and the benefits of vaccination, distributing sanitation kits. The company already reduced workforce and resources at its operations. Ajay Kapur, CEO -...
Hydro has reportedly certified eleven companies in Paragominas under its Supplier Development Program, which included training in Strategic Management, Commercial Intelligence, Operational Management, and Industry 4.0. Local companies that serve Mineração Paragominas SA were selected on criteria like performance, techniques and purchases. Mineração Paragominas SA is located in BARCARENA, Brazil, and is part of the Metal Ore Mining Industry. There are five companies in the MINERACAO PARAGOMINAS SA corporate family. The program was conducted in partnership with REDES - Innovation and Economic Sustainability Initiative of the Federation of Industries of the State of Pará (Fiepa). Eduardo Kaiser, Hydro's Supplier Governance and Quality Manager, said: “We believe that more-qualified suppliers...
National Aluminium Company Limited (NALCO) grew its aluminium ingot and aluminium products prices for the fourth time in a row with effect from Saturday, May 1, 2021. NALCO’s aluminium ingot price witnessed a hike of INR 1,800 per tonne or 0.88 per cent to INR 206,850-210,350 per tonne. Earlier on April 27, NALCO’s aluminium ingot price stood at INR 205,050-208,550 per tonne, reflecting an increase of INR 3,800 per tonne. With the latest hike, NALCO’s aluminium wire rod price came in at INR 210,350-214,700 per tonne, which also registered a growth of INR 1,800 per tonne from INR 208,550-212,900 per tonne on April 27. NALCO since May 1, 2021, is selling its aluminium billets at INR 210,300 – 212,950 per tonne compared to INR 208,500-211,150 per tonne on April 27. NALCO, like any other...
LME aluminium benchmark price recorded a decline of 0.43 per cent on Tuesday, May 4, from US$ 2,434.50 per tonne on April 30. The market was closed on May 3 for Early May Bank Holiday. LME aluminium cash (bid) price and LME official settlement price decreased by US$ 10.50 per tonne to close at US$ 2,434.50 per tonne on Tuesday, May 4. 3-months bid price and 3-months offer price stood at US$ 2,428 per tonne, down by US$ 10 per tonne from April 30. Dec 22 bid price and Dec 22 offer price came in at US$ 2,420.50 per tonne on Tuesday, declining by US$ 12 per tonne from US$ 2,432.50 per tonne. The LME aluminium opening stock plunged from 1835150 tonnes to 1827800 tonnes. Live Warrants totalled 1231600 tonnes, while Cancelled Warrants stood at 596200 tonnes. LME aluminium 3-months Asian...
Organisers of a new industry platform for manufacturers within hard-to-abate sectors today announced details of Sustainable Industrial Manufacturing (SIM) - set to be Europe’s largest showcase of solutions in sustainable manufacturing, when it opens at Brussels Expo in Belgium from 9-10 March 2022. The EU has committed to carbon neutrality by 2050 and it wants industry to “pave the way”. With heavy industry responsible for 30% of carbon emissions worldwide, a transition towards net-zero emissions is no longer optional for those in charge of heavy industrial sectors. Nadine Bloxsome, Editor of Aluminium International Today, and Event Director of SIM comments: “To deliver change at the speed required, manufacturers must urgently accelerate and embrace sustainable technologies to...
On 16 th April 2021, according to the general management of Eneo, a document confirming the takeover by the Public Treasury of the debt of the Cameroonian Aluminum Company (Alucam), the exclusive distributor of electricity in Cameroon. Louis Paul Motazé, the Minister of Finance said that the State shouldered the debt of FCFA 34 billion of the aluminium producer as of December 31, 2019, while the total debt would now exceed FCFA 50 billion. Eneo said: “Through this debt recovery, the State has somewhat cleaned up Alucam's balance sheet. This is a very positive sign. We rejoice at Eneo.” The problem is that since December 31, 2019, the Cameroonian Aluminum Company (Alucam) no longer officially has an electricity supply contract with Eneo, the vendor of the public electricity service in the...
Aluminium Bahrain announced a Profit of BD52.2 million (US$138.8 million) for the first quarter of 2021, up by 807% from BD5.8 million (US$15.3 million) for the same period in 2020. Revenue in Q1 2021 stood at BD302.7 million (US$805.1 million), from BD275.9 million (US$733.8 million) in Q1 2020. That was up by 10% YoY. Income came in at BD58.4 million (US$155.4 million) from loss of BD1.6 million (US$4.3 million), marking a growth of 3,539% YoY. Gross Profit was BD80.5 million (US$214 million) in Q1, an increase of 140% YoY. “Alba’s top-line were driven in the first quarter of 2021 by higher LME prices (+24% YoY) and partially offset by lower Sales’ volume (a drop of 6% YoY) while the bottom-line was driven by higher top-line and partially impacted by higher depreciation as well as...
Alufluoride Limited has reportedly started the commercial production of Aluminium Fluoride plant at Visakhapatnam with effect from Saturday, May 1. The news came after the company informed the exchange regarding the commencement of its business operations. Alufluoride confirmed that it would commence the commercial production of the new expanded Aluminium Fluoride plant at Visakhapatnam. Alufluoride Limited is engaged in producing aluminium fluoride, making continuous efforts to conserve energy at various levels of operations. At around 10:50 AM on May 3, Alufluoride traded at INR 248 per share, up by INR 3 or 1.22 per cent from its previous closing of INR 245 per share on Sensex. A the end of December 2020, Alufluoride recorded net sales of INR 8.84 crore, down 60.72 per cent from INR...
LME aluminium benchmark price edged 0.53 per cent higher on Friday, April 30, from US$ 2,432 per tonne on April 29. LME aluminium cash (bid) price and LME official settlement price continued to rise by US$ 13 per tonne to stand at US$ 2,445 per tonne on Friday, April 30. 3-months bid price and 3-months offer price grew to US$ 2,438 per tonne from US$ 2,429.50 per tonne on April 29. Dec 22 bid price and Dec 22 offer price came in at US$ 2,434 per tonne on Friday, increasing by US$ 1.50 per tonne from US$ 2,432.50 per tonne. The LME aluminium opening stock declined from 1838950 tonnes to 1835150 tonnes. Live Warrants totalled 1231700 tonnes, while Cancelled Warrants stood at 603450 tonnes. LME aluminium 3-months Asian Reference Price inched up on April 30 from US$ 2426.17 per tonne to US$...
Rio Tinto has reportedly estimated about 217,000 tonnes of spent cell lining at the Tiwai Point aluminium smelter, around 20 per cent more than the previously reported amount of 181,000 tonnes. This additional amount was found in a report audit, which was part of the smelter’s annual financial reporting process. New Zealand Aluminium Smelters chief executive and site general manager Stew Hamilton said “We want to make sure the community is aware of the adjusted quantity.” He also said the company is committed to removing all SCL containing concentrations of fluorides and cyanides. Irrespective of the amount of waste material, sufficient financial provisions have been made to ensure responsible management of all SCL material stored onsite. Stew Hamilton added, “I want to be very clear that...
Vedanta has reported a growth in its aluminium products by INR 2,250 per tonne. With effect from Friday, 30 April 2021, the prices of some aluminium ingots have increased by more than 1% to stand at INR 208,000-221,000 per tonne from INR 205,750-218,750 per tonne on April 23. The company’s billets price stands at INR 216,000 per tonne on Friday, 30 April 2021, representing a hike of INR 2,250 per tonne or 1.05% from INR 213,750 per tonne on April 23. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price on stood at US$ 2,432 per tonne on Thursday, April 29, a growth of 66.52 per cent from US$ 1460.50 per tonne last year. Vedanta’s aluminium business typically accounts for one-third of the...
