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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Aluminium producers in China have been reportedly generating the best profits in years due to the long-running rally of metal prices, driven by global economic recovery from the COVID-19 pandemic and rising demand. But amid this positive impact, the incessant surge in prices, on the other hand, is prompting many users such as home appliance manufacturers looking for alternatives, said China’s nonferrous metal body on Thursday, April 29. "The price increase has many positive effects on the industry, but there are also some negative effects," Jia Mingxing, secretary general of the China Nonferrous Metals Industry Association (CNIA), told a quarterly press conference. He pointed out that the most adverse impact is found on downstream companies, which process aluminium metal into products....
Three-month LME aluminium rose 0.56% to close at US$2,413.5 per tonne on Thursday. Aluminium stocks increased 56,350 tonnes and Klang inventory grew 61,150 tonnes, and the upward pressure appeared, SMM reported. The contract is likely to trade between US$2,400-2,430 per tonne today. As of Thursday April 29, LME aluminium cash (bid) price stands at US$ 2432 per tonne, LME official settlement price stands at US$ 2432 per tonne; 3-months bid price stands at US$ 2429.50 per tonne, 3-months offer price is US$ 2429.50 per tonne; Dec 22 bid price stands at US$ 2432.50 per tonne, and Dec 22 offer price stands at US$ 2432.50 per tonne. The LME aluminium opening stock stood at 1838950 tonnes. Live Warrants totalled 1245350 tonnes, and Cancelled Warrants were 593600 tonnes. LME aluminium 3-months...
Hindalco Industries Limited has further expanded its aluminium ingot and aluminium products prices for the third time in a row. The last hike was a week ago, on April 23, by INR 2,750 per tonne. This week the prices have witnessed a hike of INR 2,250 per tonne with effect from Friday, April 30. Therefore, Hindalco’s aluminium ingot price is standing at INR 208,250 per tonne compared to INR 206,000 per tonne on April 23. Hindalco’s aluminium wire rod price has come in at INR 219,350 per tonne, also up by INR 2,250 per tonne from INR 217,100 per tonne last week. The company is now selling its aluminium billets at INR 215,350 per tonne compared to INR 213,100 per tonne on last Friday. Hindalco links its aluminium products and aluminium ingot prices to the three-month futures of aluminium on...
A00 aluminium ingot price in China has reached a new high of RMB 18,830 per tonne on Friday, April 30, expanding further by RMB 100 per tonne after a surge of RMB 330 per tonne on the previous day, found the Shanghai Metals Market. The average prices are expected to range between RMB 18,810 per tonne and RMB 18,850 per tonne, with spot contract to be traded at a premium price of RMB 50-10 per tonne, down by RMB 10 per tonne from April 29. In Linyi, A00 aluminium ingot price is also stand at RMB 130 per tonne, climbing by RMB 130 per tonne. In Wuxi, the price has surged by RMB 125 per tonne to stand at RMB 18,835 per tonne, while the price in Hangzhou and Tianjin has grown by RMB 115 per tonne and RMB 110 per tonne to come in at RMB 18,840 per tonne and RMB 18,780 per tonne, respectively....
On 28 th April 2021, Qatar Aluminium Manufacturing Company (Qamco) posted a net profit of QR124 million for the first quarter (Q1 2021). This is considered as a record increase ever in the history of organization for quarterly performance as it crossed over 1000% compared to QR11 million Y-o-Y. Earnings per share (EPS) rose at QR0.022 compared to QR0.002 for Q1 2020. Qamco’s enhanced financial result during the period was driven by growth in global aluminium prices on the back of improved macroeconomic dynamics. The overall growth in average realized selling prices increased by 15% in the first quarter against the same period in 2020 which contributed QR83 million positively to the net profits in Q1 2021 compared to the same period last year. QAMCO, a 50% shareholder in Qatalum also...
On 29th April 2021, RUSAL announced that it had appointed Roman Andryushin as Deputy CEO of sales in Russia, the CIS and China. The Company is also gratified to see the return of Steve Hodgson as Director of Sales and Marketing. The dual appointments are an indication of the Company’s refreshed and innovative growth plans. Roman Andryushin in his new role will be shouldering the responsibility for developing one of the strategic sales areas – the domestic market, introducing new innovative products manufactured by RUSAL, as well as managing export sales to China and interacting with RUSAL's key traders. This appointment will strengthen the Company's presence in these markets and will deliver fresh input to the development of RUSAL's sales process. Since 2000, Roman Andryushin has been...
As we continue to discover the importance of Industry 4.0 or the Fourth Industrial Revolution in the manufacturing and industrial sector, including the aluminium industry, AlCircle is determined to come up with the third edition of e-Magazine on “ Aluminium Industry 4.0: Drivers & Change Makers of 2021 ”. A large number of aluminium smelters are still harnessing the transformational potential of the 4th Industrial Revolution in a quest to position themselves as the ‘Smelter of the Future’. Especially in the background of the COVID-19 pandemic, the adoption of Industry 4.0 and Digitisation has proved to be inevitable in achieving higher productivity at a lesser time and with fewer workforces as it uses large-scale machine to machine communication (M2M) to enable data transfer and...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued to decline this week. The stocks dropped by 25,000 tonnes from last Thursday to 1.12 million tonnes as of Thursday, 29 April 2021. The chart below shows the status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Wuxi declined the most, standing at 427,000 tonnes on Thursday, 29 April 2021 from 450,000 tonnes last week. That was down by 23,000 tonnes. The stocks in Hangzhou and Gongyi stood at 99,000 tonnes and 139,000 tonnes, a drop of 5,000 tonnes and 2,000 tonnes. Inventories of aluminium in Tianjin remained unchanged at 60,000 tonnes as of Thursday, 29 April 2021. In Shanghai, Nanhai and...
SMM aluminium ingot price registered a jump after a drop yesterday. The aluminium price stood at RMB 18730 per tonne on Thursday, 29 April 2021, an increase of RMB 330 per tonne from RMB 18400 per tonne on April 28. The price is expected to move within a range of RMB 18710-18750 per tonne today. In Foshan and Wuxi, the price grew by RMB 330 per tonne and RMB 285 per tonne to stand at RMB 18750 per tonne and RMB 18710 per tonne on Thursday, 29 April 2021.Aluminium prices in Hangzhou and Chongqing stood at RMB 18725 per tonne and 18660 per tonne, up RMB 315 per tonne and RMB 325 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi increased to stand at RMB 18675 per tonne, RMB 18670 per tonne, RMB 18700 per tonne, and RMB 18610 per tonne. The aluminium alloy (ADC12)...
Aluminum Corporation of China Limited, popularly known as Chalco, announced on Tuesday, April 27, that its net profit in Q1 2021 recorded a thirtyfold year-on-year surge and stood five-year high at RMB 966.7 million ($149 million), driven by aluminium price growth to decade peaks and production increase. The company’s best result was a profit of more than RMB 1 billion in Q4 2015. China’s domestic aluminium prices grew more than 20 per cent in 2020 on subsequent recovery led by resurgent Chinese demand. They further climbed 11.3 per cent in the first quarter of this year and hit 11-year high at RMB 18,655 per tonne. Chalco said its revenue in Q1 2021 advanced 32.6 per cent over the year to come in at RMB 52.6 billion, attributing to the increase of its realised aluminium sales price by...
Three-month LME aluminium inched up 0.04 per cent to settle at US$ 2,400 per tonne on Wednesday. Shrinking LME aluminium stocks and recovering overseas economy lent support to LME aluminium. It is expected to fluctuate between US$ 2,390-2,410 per tonne today. LME aluminium cash (bid) price and LME official settlement price further rose US$ 3.50 per tonne to stand at US$ 2,392.50 per tonne on Wednesday, April 28. 3-months bid price and 3-months offer price grew to US$ 2,397.50 per tonne from US$ 2,394 per tonne, also up by US$ 3.50 per tonne. Dec 22 bid price and Dec 22 offer price came in at US$ 2,401 per tonne on Wednesday, increasing by US$ 9.50 per tonne from US$ 2,391.50 per tonne on Tuesday, April 27. The LME aluminium opening stock declined from 1787525 tonnes to 1782600 tonnes....
ALRO, one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, will open a vaccination centre at its site in Slatina for its employees and their families. The company has received the approval of the Public Health Department to start the vaccination process beginning with 4th of May2021. The Group implemented comprehensive protocols and procedures to operate in safe conditions, at normal parameters, with a fully functional distribution chain. 'Vaccination is the only chance we have to return to a state of normality both in our private lives and in business and we consider it is our duty to support the local and national authorities' efforts to speed up this process and to offer our employees the opportunity to receive the necessary...
Rio Tinto owned Tiwai Point Aluminium smelter consumes around 13% of New Zealand’s electricity produced, however, it has now outreached an agreement with Meridian Energy to curtail its usage by up to 30.5 megawatts per hour (MWh) until the end of May 2021. Tiwai aluminium smelter has a supply contract with 100% renewable energy supplier, Meridian Energy New Zealand to deliver with cheap power until 2024. According to data from the energy consultancy firm Energy Link, this decision has come into force, as hydro storage levels had dropped by a third last year, and are sitting around their lowest point in 25 years at 1840 gigawatts per hour. The wholesale power prices have surged nearly eight-fold in the recent weeks, as the dry weather crops up with lack of rain causing the plunge in hydro...
Three-month LME aluminium settled 0.27% lower at US$2,392.5 per tonne on Tuesday. SMM expects the contract to trade between US$2,380-2,400 per tonne today. As of Tuesday April 27, LME aluminium cash (bid) price stands at US$ 2389 per tonne, LME official settlement price stands at US$ 2389 per tonne; 3-months bid price stands at US$ 2394 per tonne, 3-months offer price is US$ 2394 per tonne; Dec 22 bid price stands at US$ 2391.50 per tonne, and Dec 22 offer price stands at US$ 2391.50 per tonne. The LME aluminium opening stock stood at 1787525 tonnes. Live Warrants totalled 1218700 tonnes, and Cancelled Warrants were 568825 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2408.98 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE decreased to...
On Tuesday, April 27, Rusal announced that its aluminium production in the first quarter of 2021 stood at 932,000 tonnes, with Siberian smelters representing 93 per cent of the total aluminium output. The production in Q1 reflected a quarter-on-quarter drop of 1.9 per cent from 950,000 tonnes and 0.8 per cent year-on-year from 940,000 tonnes. Krasnoyarsk aluminium smelter in Siberia produced 253,000 tonnes of aluminium in Q1, followed by Bratsk aluminium smelter churning out 250,000 tonnes. Sayanogorsk aluminium smelter and Irkutsk aluminium smelter produced 132,000 tonnes and 105,000 tonnes of aluminium, respectively, in the said. Aluminium sales amounted to 962,000 tonnes, down 6.4 per cent from 1.028 million tonnes in Q4 2020 and 5.3 per cent from 914,000 tonnes in Q1 2020....
On 27 th April 2021, a spokeswoman of the China Nonferrous Metals Industry Association (CNIA) said that Fan Shunke is appointed as the new head of aluminium, succeeding the retirement of the long-serving Wen Xianjun a few days earlier. A deputy secretary of the party committee at the CNIA, Fan Shunke has taken charge of the light metal department, the spokeswoman added. The 57-year-old Fan, with an engineering background, has worked at the CNIA in various senior roles for almost 10 years and has also held positions at a research institute. Fan Shunke has owned the new role at a time when China stands as the world’s largest aluminium producer and consumer and is expanding with a record amount of the metal used in everything from cans to cars while straining to low the emissions from the...
On 26 th April 2021, the Montenegrin police detained former Economy Minister Branko Vujovic for damaging the state budget to service guarantees given for the failed Podgorica Aluminum Plant, KAP, in 2009. As per our report, the State Prosecutor interrogated Vujovic and former government officials Damir Rasketic and Refik Bojadzic on suspicion of misuse of office. Nikola Martinovic, the Lawyer, informed: “The former officials denied those accusations. The State Prosecutor decided to declare this case an official secret, which is why we cannot disclose more information.” From 2009 to 2013, Vujovic was Economy Minister, a phase when the government inked a contract of guarantees with Hungarian OTP bank and Deutsche Bank to support 135 million euros in loans to KAP. The Montenegrin government...
Hydro Energy and Hydro Extrusions business areas reported record quarterly results based on strong global economic recovery that boosted demand for renewable energy, aluminium, and aluminium products. According to the report released, Hydro’s primary aluminium production in Q1 2021 stood at 539,000 tonnes, which reflected an increase of 1 per cent from 532,000 tonnes in Q4 2020 and 2 per cent from 528,000 tonnes in Q1 2020. Realised aluminium price on LME was 11 per cent higher quarter-on-quarter and 13 per cent on the year to US$ 1,993 per tonne, resulting in Hydro’s higher revenue to NOK 31,951 million in Q1 2021. Adjusted EBITDA of the company in the same quarter grew from NOK 3,403 million in Q4 2020 to NOK 5,182 million. Hydro’s higher aluminium extrusions sales volumes to 338,000...
