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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South32 reported aluminium production of 240,000 tonnes in 3Q21. That was down 3% quarter-on-quarter. Output stood at 736,000 tonnes in the nine months ended March 2021, down 1% year-on-year from 741,000 tonnes in the nine months ended March 2020. Hillside Aluminium saleable production decreased by 1% to 537,000 tonnes in the nine months ended March 2021 as the smelter continued to test its maximum technical capacity, despite the impact from increased load-shedding. Production guidance remains unchanged at 720,000 tonnes for FY21. “The new energy supply agreement for the smelter is currently with the National Energy Regulator of South Africa for review. The new agreement is to cover power supplied for a 10-year period with a tariff that is South African rand based, and a rate of...
Three-month LME aluminium climbed 1.48 per cent to settle at US$ 2,404 per tonne on Monday, and is expected to move between US$ 2,390-2,410 per tonne today. LME aluminium cash (bid) price and LME official settlement price gained US$ 14.50 per tonne to stand at US$ 2,388 per tonne on Monday, April 26, following a restraint on the previous day at US$ 2,373.50 per tonne. 3-months bid price and 3-months offer price grew to US$ 2,393.50 per tonne from US$ 2,378.50 per tonne. Dec 22 bid price and Dec 22 offer price came in at US$ 2,394.50 per tonne on Monday, increasing by US$ 15.50 per tonne from US$ 2,379 per tonne on Friday, April 23. The LME aluminium opening stock declined from 1796925 tonnes to 1793100 tonnes. Live Warrants totalled 1219200 tonnes, while Cancelled Warrants stood at 573900...
On 26 th April 2021, Emirates Global Aluminium (EGA) announced the activation of the first section of an expansion to the company’s Al Taweelah smelter. The ramp-up of the 26 new reduction cells at potline 1 at Al Taweelah will be followed to produce some 30,000 tonnes of aluminium per year. The company stated: “In total EGA is building 66 new reduction cells to extend all three potlines at Al Taweelah. The project will increase production capacity at Al Taweelah by some 78,000 tonnes of hot metal per year. The start-up of the extension to potline 2 and then potline 3 will take place later this year.” Despite the Covid-19 challenges, overall project accomplishment stands at 70% on schedule. Abdulnasser Bin Kalban, CEO, EGA, said: “This project to expand our production at Al Taweelah is...
Three-month LME aluminium settled 0.45% higher at US$2,369 per tonne last Friday. The increase in price was due to lower LME aluminium stocks, improved overseas economic and weak US dollar. SMM expects the contract to move between US$2,350-2,390 per tonne today. As of Friday, April 23, LME aluminium cash (bid) price stands at US$ 2373.50 per tonne, LME official settlement price stands at US$ 2373.50 per tonne; 3-months bid price stands at US$ 2378.50 per tonne, 3-months offer price is US$ 2378.50 per tonne; Dec 22 bid price stands at US$ 2379 per tonne, and Dec 22 offer price stands at US$ 2379 per tonne. The LME aluminium opening stock stood at 1796925 tonnes. Live Warrants totalled 1238750 tonnes, and Cancelled Warrants were 558175 tonnes. LME aluminium 3-months Asian Reference Price is...
Hindalco’s Aditya Aluminium is reportedly conducting vocation trainings through its CSR project “Swabalmb” in Sambalpur’s Lapanga village to help people become self-reliant. The end objective is to make them employable. The project rolled out in October 2020 and until now, over 270 youngsters have been trained in Ophthalmologist Paramedical services, tailoring, beautician, motor binding, driving etc. Among the trainees, two beneficiaries worth noted here are Sevati (19) & Rajashree (18) of Lapanga village. They were trained in ophthalmologist paramedical services at Trilochan Netralaya and today they earn INR 10,000 every month. Their families now live a life of dignity. Lauding the initiative, Mr Subrat Roy, the Director of SBI Regional Self Employment Training Institute says, “This is a...
The fresh documents released under the Official Information Act, an important part of New Zealand's constitutional framework showcased, in 2020, the owners of the Tiwai Point aluminium smelter refused the offer of direct payment from the Government. As an opening offer to the aluminium smelter, a payment of between $15 million and $35 million was at one stage being discussed by officials, the documents reveal. The payment would have been conditional on the Tiwai smelter spending more than the $300 million it has currently allocated to clean up the smelter site following its shut down and tied to the smelter staying open until 2024. In November’20, an offer was made by the government, which was called "Southland Transition Bond”. However, the released document by OIA clearly states the...
Hindalco Industries Limited has further increased its aluminium ingot and aluminium products prices this week with effect from Friday, April 23. With the latest hike, Hindalco’s aluminium ingot price has come in at INR 206,000 per tonne, up by INR 2,750 per tonne or 1.35 per cent from INR 203,250 per tonne on April 20. Hindalco’s aluminium wire rod price is standing at INR 217,100, reflecting an increase of INR 2,750 per tonne from INR 214,350 per tonne on the previous day. Hindalco’s aluminium billets price has also been raised by INR 2,750 per tonne to INR 213,100 per tonne as of April 23. Hindalco links its aluminium products and aluminium ingot prices to the three-month futures of aluminium on the London Metal Exchange, which after April 20 increased by US$ 49.50 per tonne to US$...
SMM aluminium ingot price has edged higher by RMB 30 per tonne to stand at RMB 18210 per tonne on Friday, 23 April 2021, from its previous price of RMB 18180 per tonne on April 22. This marks the second consecutive hike in aluminium price. The price is expected to range at RMB 18190-18230 per tonne. In Foshan and Wuxi, the price grew by RMB 30 per tonne and RMB 35 per tonne to stand at RMB 18250 per tonne and RMB 18210 per tonne on Friday, 23 April 2021. Aluminium prices in Hangzhou and Chongqing came in at RMB 18220 per tonne and 18200 per tonne, up RMB 25 per tonne and RMB 50 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi increased to stand at RMB 18205 per tonne, RMB 18170 per tonne, RMB 18220 per tonne, and RMB 18090 per tonne. The prices of aluminium alloy...
Three-month LME aluminium settled 0.3 per cent lower at US$ 2,358.50 per tonne on Thursday, April 22, and is expected to move between US$ 2,340-2,390 per tonne today. LME aluminium cash (bid) price and LME official settlement price increased by US$ 29 per tonne to stand at US$ 2,373.50 per tonne on April 22. 3-months bid price and 3-months offer price grew to US$ 2,368.50 per tonne from US$ 2,337 per tonne. Dec 22 bid price and Dec 22 offer price came in at US$ 2,379.50 per tonne on Thursday, climbing down by US$ 29.50 per tonne from the previous day. The LME aluminium opening stock decreased from 1809250 tonnes to 1802450 tonnes. Live Warrants totalled 1238750 tonnes, while Cancelled Warrants stood at 563700 tonnes. LME aluminium 3-months Asian Reference Price grew from US$ 2316.21per...
According to the latest report from the US Geological Survey, US domestic primary aluminium production stood at 69,000 tonnes in February 2021. The average daily output came in at 2,470 tonnes, slightly down from January 2021 and 18% less from February 2020. Total aluminium recovered from scrap was 248,000 tonnes in February 2021, down 3% from the revised total in January 2021, 10% from the revised amount in February 2020, and 9% less from February 2019. Of this, 132,000 tonnes of aluminium was recovered from new scrap and 117,000 tonnes was recovered from old scrap. In February, the average U.S. spot market price of primary aluminium ingot was $1.10 per pound, an increase of 4% from January 2021. Inventories of primary aluminium in LME-approved warehouses, including off-warrant...
RUSAL has started rolling the test deliveries of an entirely new product, aluminium produced by a revolutionary technology on inert anode cells. The usage of an inert anode in the electrolysis process drives it achievable to almost eliminate greenhouse gas emissions. RUSAL urges prospective partners and market leaders to test a pilot batch of this aluminium produced by the company using inert anode technology. Combined with renewable hydropower, inert anode technology provides an unprecedented low carbon footprint in metal production - less than 0.01 tonnes of CO2 equivalent per ton of metal (Scope 1, Scope 2 - direct and indirect emissions). This is tens of times lesser than the industry average for aluminium production. Roman Andryushin, Sales and Marketing Director of RUSAL said: “We...
According to the data shown by the International Aluminium Institute, primary aluminium production in East & Central Europe rebounded in March 2021 to 353,000 tonnes as was in January. Therefore, on a month-on-month calculation, the output in March recorded a hike of 34,000 tonnes or 10.66 per cent than 319,000 tonnes in February, while on year, the output stood slightly down by 1,000 tonnes from 354,000 tonnes. However, the production in February 2021 saw a decline of 9.63 per cent than in January 2021. Total production of primary aluminium in East & Central Europe during the first quarter of 2021 stood at 1.025 million tonnes, down by 1.54 per cent from 1.041 million tonnes in Q1 2020. In West Europe, primary aluminium production also registered an increase over the month by 29,000...
ELLWOOD Aluminum, a manufacturer of aluminium ingot and billet, rectangular slab, and cast plate, has announced the completion of its Hubbard plant. The work on 12,000-square-foot casting plant started in 2018 to increase the company’s production capabilities. ELLWOOD Aluminum has invested $60 million in the plant. The facility has vertical direct chill casting machinery and can manufacture aluminium ingots up to 360 inches. ELLWOOD Aluminum’s president, Patrick Callihan said, “Completing our Hubbard facilty construction with no injuries is an accomplishment that we are incredibly grateful. We owe this achievement to our knowledgeable and safety conscious team of employees and contractors that allowed for this project to happen seamlessly.” ELLWOOD Aluminum has a dedicated melting and...
New Zealand Aluminium Smelters Limited (NZAS) has reported that coastal erosion is starting to threaten bores used for monitoring groundwater at its site at Tiwai Point. The company has shown in its reports that how seawater has begun affecting an area near which NZ Aluminium Smelter stores a highly toxic substance. The rate of coastal erosion is being monitored since 2017. The SCL Groundwater Status 2020 report says the seawater intrusion started to occur in early 2020 because of coastal erosion of the southern coast. As the aluminium producer has decided to close its smelter at Tiwai Point in 2024, it has begun a closure study to determine what is needed to clean up the site before the company leaves. It has also released a host of reports that contain results of extensive environmental...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, declined this week by 43,000 tonnes from last Thursday. The stocks stood at 1.14 million tonnes as of Thursday, 22 April 2021. The chart below shows the status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Wuxi and Nanhai dropped the most. The inventories in Wuxi, Nanhai and Gongyi reduced by 16,000 tonnes, 22,000 tonnes and 7,000 tonnes to stand at 450,000 tonnes, 267,000 tonnes and 141,000 tonnes on Thursday, 22 April 2021. The stocks in Hangzhou and Chongqing stood at 104,000 tonnes and 4,000 tonnes, a drop of 1,000 tonnes each. But the stocks in Shanghai and Tianjin registered a hike of 3,000...
As per industry sources, the private equity firm, American Industrial Partners has been building great industrial business for over 30 years has bought the senior debt of the two Sanjeev Gupta’s European aluminium assets, initiating the process to take over. Recently, the New York-based firm, AIP, which seeks to invest in B2B companies in manufacturing or industrial service sectors, has bought debt linked to Sanjeev Gupta’s Dunkirk aluminium smelter in France as well as refinancing the senior debt of the Duffel rolling mill in Belgium, as reported by sources. The founder of Liberty House Group, Sanjeev Gupta has been looking out for new financing as the metal baron struggles to safeguard his metals empire following the collapse of its biggest lender, Greensill Capital, in the previous...
Three-month LME aluminium hit a new high of US$2,369 per tonne since May 2018 earlier in the session and then climbed 2.25% to settle at US$ 2,365.5 per tonne on Wednesday. SMM expects the contract to move between US$2,340-2,370 per tonne today. As of Wednesday, April 21, LME aluminium cash (bid) price stands at US$ 2344 per tonne, LME official settlement price stands at US$ 2344 per tonne; 3-months bid price stands at US$ 2337 per tonne, 3-months offer price is US$ 2337 per tonne; Dec 22 bid price stands at US$ 2350 per tonne, and Dec 22 offer price stands at US$ 2350 per tonne. The LME aluminium opening stock stood at 1809250 tonnes. Live Warrants totalled 1242675 tonnes, and Cancelled Warrants were 566575 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$...
After showing restraint and declining in the past two days, A00 aluminium ingot price in China has recorded an increase of RMB 140 per tonne to RMB 18,180 per tonne, as of Thursday, April 22, according to the Shanghai Metals Market. The average prices are expected to range between RMB 18,160 per tonne and RMB 18,200 per tonne, with spot contract to be traded at a premium price of 20-20 per tonne. In Hangzhou, A00 aluminium ingot price has also climbed by RMB 140 per tonne to come in at RMB 18,195 per tonne, while the price in Wuxi has grown by RMB 125 per tonne to RMB 18,175 per tonne. In Chongqing and Shenyang, primary aluminium ingot price has increased by RMB 120 per tonne to stand at RMB 18,150 per tonne and RMB 18,160 per tonne, respectively. In Gongyi and Foshan, primary aluminium...
