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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North America’s primary aluminium production came in at 338,000 tonnes in March (31days), indicating a decrease of 1.17% from 342,000 tonnes in March 2020, according to the latest data showed by the International Aluminium Institute (IAI). On a monthly basis, the output increased by 9.74% from 308,000 tonnes in February (28 days). The primary aluminium output remained unchanged at 986,000 tonnes in the first three months of 2021. In South America, primary aluminium production stood 7.69% lower year-on-year in March. The output was 98,000 tonnes last month. On a month-on-month comparison, aluminium production marked a hike of 13.95% from 86,000 tonnes in February. Primary aluminium production in South America in January-March failed to register a growth. The output remained muted at...
In March 2021, Africa’s primary aluminium production came in at 131,000 tonnes, bringing the total production in Q1 2021 to 385,000 tonnes, found the International Aluminium Institute. Africa’s aluminium production in March reflected a month-on-month increase of 10,000 tonnes or 8.26 per cent. The output in February stood at 121,000, which was low by 12,000 tonnes or 9.02 per cent than 131,000 tonnes in January. On the other hand, despite the month-on-month growth in Africa’s primary aluminium production in March 2021, total output in the first quarter failed to record a hike but decreased by 7,000 tonnes or 4.23 per cent from 402,000 tonnes in Q1 2020. On a year-on-year basis, Africa’s production in March 2021 also registered a downfall of 8,000 tonnes or 5.76 per cent from 139,000...
SMM aluminium ingot price registered a drop after remaining unchanged yesterday. The aluminium price reduced by RMB 80 per tonne from RMB 18120 per tonne. The price came in at RMB 18040 per tonne as of Wednesday, 21 April 2021 and is expected to move within a range of RMB 18020-18060 per tonne. In Foshan and Wuxi, the price slipped by RMB 60 per tonne and RMB 65 per tonne to stand at RMB 18120 per tonne and RMB 18050 per tonne on Wednesday, 21 April 2021.Aluminium prices in Hangzhou and Chongqing came in at RMB 18055 per tonne and 18030 per tonne, down RMB 95 per tonne and RMB 60 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi decreased to stand at RMB 18040 per tonne, RMB 18030 per tonne, RMB 18010 per tonne, and RMB 17930 per tonne. The aluminium alloy (ADC12)...
Three-month LME aluminium settled 0.71 per cent lower at US$ 2,313.50 per tonne on Tuesday, April 20. Today, the price is expected to move between US$ 2,300-2,330 per tonne. LME aluminium cash (bid) price and LME official settlement price stood at US$ 2,324 per tonne on April 20, reflecting a decline of US$ 7 per tonne from US$ 2,331 per tonne on April 19. 3-months bid price and 3-months offer price declined from US$ 2,342.50 per tonne to US$ 2,330 per tonne. Dec 22 bid price and Dec 22 offer price came in at US$ 2,343.50 per tonne, climbing down by US$ 10 per tonne from the previous day. The LME aluminium opening stock decreased from 1819625 tonnes to 1812625 tonnes. Live Warrants totalled 1246450 tonnes, while Cancelled Warrants stood at 566175 tonnes. LME aluminium 3-months Asian...
On 20 th April 2021, ELYSIS made public that it has selected the Rio Tinto’s Alma smelter in Saguenay-Lac-Saint-Jean, Quebec, for the foremost installation and demonstration of its inert anode technology at a commercial size of 450 kiloamperes (kA), which is a common capacity for modern, full-scale smelters. An Alcoa and Rio Tinto joint venture company, ELYSIS is working to commercialize a new technology to make aluminium that eliminates all direct greenhouse gases (GHGs) from the traditional smelting process and instead produces oxygen. As part of its technology development and scale-up, ELYSIS will install industrial inert anode prototype cells at the end of an existing potline at the Alma smelter to demonstrate the technology’s effectiveness at a commercial scale in an industrial...
Rio Tinto reported 3% hike in its aluminium production as the Becancour smelter, Quebec operating at full capacity and Kitimat, British Columbia nearing the end of its pot relining cycle. The output grew to 0.8 million tonnes in the first quarter of 2021. The company achieved good production stability and operational performance across the remaining smelter portfolio. “We are seeing improved demand in automotive, packaging and more recently construction and electronics. Value-added product volumes have returned to pre-COVID-19 levels at 51% of primary metal sold (2019 full year: 51%),” Rio said. Rio Tinto in February announced an agreement had been reached on an amended power contract that will allow the ISAL smelter in Iceland to continue operating with an improved competitive position....
Global primary aluminium production stood at 5.725 million tonnes in March (31 days), with a year-on-year increase of 4.97% from 5.454 million tonnes in March 2020, according to the latest data showed by the International Aluminium Institute (IAI). On a monthly basis, the output rose by 10.37% from 5.187 million tonnes in February (28 days). Total primary aluminium production came in at 16.639 million tonnes in the first three months of 2021. That was an increase of 3.57% from 16.065 million tonnes in the first three months of 2020. In Asia ex-China, aluminium production was 378,000 tonnes in March, up 8.93% year-on-year and 11.5% month-on-month. In January-March, output stood at 1.093 million tonnes, up from 1.036 million tonnes in January-March 2020. In the Middle East, primary...
Hindalco Industries Limited has again significantly increased its aluminium ingot and aluminium products prices with effect from Tuesday, March 20, following a slash on last Saturday, April 17. With the latest hike, Hindalco’s aluminium ingot price has come in at INR 203,250 per tonne, up by INR 4,000 per tonne or 2 per cent from INR 199,250 tonnes last week. Hindalco’s aluminium wire rod price has also been expanded by INR 4,000 per tonne on April 20 to INR 214,250 per tonne, compared to INR 210,350 per tonne on April 17. Hindalco’s aluminium billets price has grown from INR 206,350 per tonne to INR 210,350 per tonne, reflecting a growth of INR 4,000 per tonne or 2 per cent as well. Hindalco links its aluminium products and aluminium ingot prices to the three-month futures of aluminium...
Norsk Hydro ASA has inked a new long-term power contract for an aggregated supply of 680 GWh in the period from 2022 to 2028. The contract between Hydro’s fully owned subsidiary Hydro Energi AS and Hafslund Eco spans from January 1, 2022, to December 31, 2028, with delivery to price area NO3. Hydro’s Norway primary aluminium production capacity is 100 percent supplied with renewable power. World-wide, the company’s corresponding renewable power share is above 70 percent. Hydro and Hafslund Eco last year signed two power purchase agreements, with a total volume of 2.08 TWh, for delivery from 2021 to 2027. “Since 2014, Hydro has signed 17 long-term power purchase agreements (PPAs), all of which based on hydropower or wind power. Together with Hydro’s 9.4 TWh captive hydropower production in...
Primary aluminium ingot price in China has shown restraint on Tuesday, April 20, amid muted input costs. According to the Shanghai Metals Market data, A00 aluminium ingot price is resting at RMB 18,120 per tonne, with average prices to continue to range between RMB 18,100 per tonne and RMB 18,140 per tonne. However, the premium price has gained RMB 10 per tonne and is likely to be traded at RMB 20-20 per tonne. But despite the restraint in average primary aluminium ingot price, some of the major Chinese cities have witnessed growth or decline in prices. For instance, in Tianjin and Linyi, A00 aluminium ingot price has increased by RMB 30 per tonne and RMB 20 per tonne, respectively, to come in at RMB 18,110 per tonne and RMB 18,050 per tonne. On the other hand, Chongqing has seen a plunge...
Three-month LME aluminium shed 0.39% to settle at US$2,330 per tonne on Monday. SMM expects the contract to move between US$2,300-2,350 per tonne today. As of Monday, April 19, LME aluminium cash (bid) price stands at US$ 2331per tonne, LME official settlement price stands at US$ 2331per tonne; 3-months bid price stands at US$ 2342.50per tonne, 3-months offer price is US$ 2342.50per tonne; Dec 22 bid price stands at US$ 2353.50 per tonne, and Dec 22 offer price stands at US$ 2353.50per tonne. The LME aluminium opening stock stood at 1819625 tonnes. Live Warrants totalled 1301175 tonnes, and Cancelled Warrants were 518450 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2344.01per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to stand...
The Kolkata based Uniseven Engineering & Infrastructure Pvt Ltd, being a solution provider in the Aluminium value chain business for the last four decades and possess a rich experience in the industry by providing value-added services, is now manufacturing the Collector Bar (CB) that goes into the potlines in Aluminium Smelter. Uniseven partnered with Jekay International Track Pvt Ltd. of Kolkata, one of the largest integrated manufacturer and exporter of Rail Track Fittings, Turnouts & Steel Structures (Heavy, Medium & Small sections), for manufacturing the CB. There are two manufacturing units: Unit-1 situated at Liluah, Howrah, West Bengal, where different kind of fabrication work like Channel sleeper, H Beam Sleepers, Base plates, Fish plates related to the Railways sector being...
A00 aluminium ingot price in China has opened the week on Monday, April 19, with a slight drop of RMB 10 per tonne to RMB 18,120 per tonne, following a week-long surge from US$ 17,380-18,130 per tonne during April 12-16, according to the Shanghai Metals Market. Today, the average prices are expected to range between RMB 18,100 per tonne and RMB 18,140 per tonne, with spot contract to be traded at a premium price of RMB 30-10 per tonne. However, in the major Chinese cities, A00 aluminium ingot price has recorded hikes. For instance, in Gongyi, the price has grown by RMB 40 per tonne to RMB 18,010 per tonne, followed by an increase of RMB 35 per tonne to RMB 18,135 per tonne on April 19. In Hangzhou, primary aluminium ingot price has gained RMB 25 per tonne to RMB 18,155 per tonne, while...
Three-month LME aluminium slid 0.11 per cent to settle at US$ 2,318.50 per tonne last Friday. LME aluminium is likely to move between US$ 2,300-2,350 per tonne today. On Friday, April 16, LME aluminium cash (bid) price and LME official settlement price decreased to US$ 2,308.50 per tonne after the last four days of consecutive hikes from US$ 2,254 per tonne to US$ 2,328 per tonne. 3-months bid price and 3-months offer price declined from US$ 2,344 per tonne on April 15 to US$ 2,325.50 per tonne on April 16. Dec 22 bid price and Dec 22 offer price came in at US$ 2,337.50 per tonne, climbing down by US$ 18.50 per tonne from the previous day. The LME aluminium opening stock extended decline from 1829325 tonnes to 1824250 tonnes. Live Warrants totalled 1300675 tonnes, while Cancelled Warrants...
The peoples of Southland in New Zealand have met with officials foremost trying to get an assurance over the contaminated Tiwai Point aluminium smelter cleaning up measures. The nation’s Environment Ministry, Regional Council and Department of Conservation met a group of four rūnaka called Murihiku Regeneration. This meeting has come up post seven months the ministry initiated discussions with Rio Tinto owned New Zealand Aluminium Smelter. However, the Jacinda Ardern government discontinued discussions with Rio Tinto in the previous month, objecting that it did not disclose the environmental monitoring data. It is also ratified that the inaugural meeting with Māori and officials did not get any new data. The Murihiku collective involves Te Rūnaka o Awarua, Te Rūnaka o Waihōpai, Ōraka...
Iran’s state-run institution ‘The Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO) publicised a report that the nation’s aluminium production in the year to March 2021 leapt 61% from the previous year to nearly half a million tonnes. The report stated that the total output in four major aluminium smelters in Iran had reached 0.4468 million tonnes, up from 0.2783 million tonnes reported for the year to March 20. The report highlighted: “Iranian Aluminium Company (IRALCO) had the highest share of production at 185,000 tonnes. It was followed by Almahdi, Iran’s largest aluminium smelter on the Persian Gulf which includes Hormozal smelter, at 165,000 tonnes. The smelter set up in late 2019 by Salco in southern Iran, topped production with 72,100 tonnes,...
National Aluminium Company Limited (NALCO) has again raised its aluminium ingot and aluminium products prices significantly after increasing them by INR 6,600 per tonne last week, April 9. With effect from April 16, NALCO’s aluminium ingot price came in at INR 201,250-204,750 per tonne, up by INR 7,000 per tonne from INR 194,250-197,750 per tonne on April 9. NALCO is selling its aluminium wire rod price at INR 204,750-209,100 per tonne, also an increase of INR 7,000 per tonne from INR 197,750-202,100 per tonne. NALCO’s aluminium billets price also saw a surge of INR 7,000 per tonne to 204,700-207,350 per tonne on April 16 from INR 197700-200,350 per tonne on April 9. NALCO, like any other Indian aluminium producer, links its aluminium ingot and aluminium products prices to the three-month...
The American industrial corporation and one of the global leading aluminium producer, Alcoa, has reported its best first-quarter performance in four years as demand heightened at the beginning of 2021. Wall Street prediction for Alcoa was averagely around $450.8 million, but the country’s largest metal producer holding consumers in beverage cans and vehicle production segment has toppled the forecast and posted earnings of $521 million. Per-share earnings also rose to $0.79 from a loss of $0.23 per share in the same quarter a year ago, on revenues of $2.9 billion. As the production in the automotive and aerospace industries enhances, the global demand for the metal has observed a steady rise from the COVID-19 strike downfall seen in 2020. Roy Harvey, President and CEO of Alcoa said: “We...
