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 edged down 0.09 per cent to settle at US$ 2267 per tonne on Monday, April 12, while on Tuesday, April 13, it settled 1.65 per cent higher at US$ 2304.50 per tonne. On Wednesday, April 14, three-month LME aluminium settled 1.02 per cent higher at US$ 2328 per tonne. LME complex also cruised high on Thursday, April 15, including aluminium that gained 0.39 per cent. LME aluminium cash (bid) price and LME official settlement price skyrocketed this week by US$ 54.50 per tonne to reach US$ 2308.50 per tonne. Both the prices started the week on Monday, April 12, at US$ 2254 per tonne, which on the next day, April 13, grew to US$ 2278 per tonne. On Wednesday, April 14, the prices further increased to US$ 2297.50 per tonne. On Thursday, April 15, the prices crossed the...
Hindalco’s aluminium ingot and aluminium products prices have witnessed a steep growth after a week of last raise in tandem with incessant increase in LME aluminium benchmark prices. With effect from Friday, April 16, the company’s aluminium ingot price has come in at 202,500 per tonne, reflecting a hike of INR 7,000 per tonne or 3.58 per cent from INR 195,500 per tonne on April 8. Hindalco is selling its aluminium wire rod price at INR 213,600 per tonne with effect from April 16 after raising it by INR 7,000 per tonne from INR 206,600 per tonne. Hindalco’s aluminium billets price is hovering at INR 209,600 per tonne, also up by INR 7,000 per tonne from INR 202,600 per tonne. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the...
According to the Shanghai Metals Market, primary aluminium inventories in China extended decline this week by 45,000 tonnes across eight major consumption areas, including SHFE warrants, as of Thursday, April 15. Data showed the stocks stood at 1.18 million tonnes on April 15 in comparison with 1.23 million tonnes on last Thursday, April 8. Last week, primary aluminium inventories fell by 23,000 tonnes week-on-week, following a hike of 8,000 tonnes in the previous week. The chart below indicates the current status of primary aluminium inventories across China in more details: Gongyi saw the highest plunge in primary aluminium inventories by 27,000 tonnes to 148,000 tonnes on April 15, followed by the decline of 14,000 tonnes in Nanhai to 289,000 tonnes. Primary aluminium inventories in...
Eric Mansuy, the Director-General of the Cameroonian electricity company, ENEO Cameroon SA, has reported that the Aluminium Company of Cameroon, Alucam, has not paid electricity bills since mid-2020. Alucam has been countering serious difficulties for some time now. “This difficulty for the aluminium juggernaut to pay its electricity bills for about 9 months (at the end of March 2021) further increases its debt to its partner. It impacts Eneo's ability to pay other operators in the sector”, says Eric Mansuy. The volume of Alucam's debt to the electricity supplier, Eneo since mid-2020 has not been revealed. But, from sources familiar with the matter, the average monthly consumption of this aluminium producer is around FCFA 2 billion. Referred to only six months of unpaid corresponding to...
The LME complex cruised higher on Thursday, April 15, including aluminium that gained 0.39 per cent. The benchmark LME aluminium price soared above US$ 2,300 per tonne level on April 15. Both LME aluminium cash (bid) price and LME official settlement price came in at US$ 2,328 per tonne on April 15, representing the fourth consecutive day of hike by US$ 30.50 per tonne. 3-months bid price and 3-months offer price stood at US$ 2,344 per tonne, climbing by US$ 29 per tonne from US$ 2,315 per tonne on April 14. Dec 22 bid price and Dec 22 offer price increased from US$ 2,335 per tonne to US$ 2,356 per tonne as of Thursday, April 15. The LME aluminium opening stock extended decline from 1833550 tonnes to 1829325 tonnes. Live Warrants totalled 1301425 tonnes, while Cancelled Warrants stood at...
Evgenii Nikitin, the Chief Executive Officer of Rusal, one of the globally leading aluminium producers, delivered the statement from the Krasnoyarsk Economic Forum that Rusal is all set to reconstruct four of its largest smelters in Siberia. The modernisation strategy will be engrossed in building new production capacities at the smelters in Krasnoyarsk, Bratsk, Irkutsk and Novokuznetsk. At all four locations, new potrooms will be built using prebaked anodes which utilises the most modern and environmentally friendly technology. The modernisation program will shrink the environmental impact of metallurgical production and lower energy consumption by up to 20%. The work is catalogued to initiate this year, with forecasted to accomplish in 2030. It is expected that RUSAL’s board of...
A00 aluminium ingot price in China has continued to rise to exceed RMB 18,000 per tonne, found the Shanghai Metals Market. Data shows the price has surged by RMB 330 per tonne on Thursday, April 15, to come in at RMB 18,090 per tonne. The average prices are expected to range between RMB 18,070 per tonne and RMB 18,110 per tonne, with spot contract to be traded at a premium price of RMB 40-0 per tonne. In Wuxi, A00 aluminium ingot price has gained RMB 325 per tonne to stand at RMB 18,090 per tonne, while the price in Gongyi and Tianjin has increased by RMB 320 per tonne to peg at RMB 17,930 per tonne and RMB 18,030 per tonne, respectively. In Foshan, Hangzhou, and Linyi, the primary aluminium ingot price has grown by RMB 310 per tonne to reach RMB 18,140 per tonne, RMB 18,105 per tonne,...
Three-month LME aluminium settled 1.02 per cent higher at US$ 2328 per tonne on Wednesday, April 14, while the price today is expected to hover around US$ 2300-2350 per tonne. LME aluminium cash (bid) price and LME official settle price increased for the third consecutive day by US$ 19.50 per tonne to settle at US$ 2297.50 per tonne on Wednesday, April 14. 3-months bid price and 3-months offer price grew from US$ 2293 per tonne to US$2315 per tonne. Dec 22 bid price and Dec 22 offer price came in at US$ 2335 per tonne, up by US$ 9 per tonne from US$ 2326 per tonne on April 13. The LME aluminium opening stock further plunged from 1841575 tonnes to 1833550 tonnes. Live Warrants totalled 1301425 tonnes, while Cancelled Warrants stood at 532125 tonnes. LME aluminium 3-months Asian Reference...
PT Indonesia Asahan Aluminum (Inalum) has announced that it will improve its aluminium smelting furnace technology with the help of three EPC companies, namely SAMI, PT Waskita Karya (Persero), and PT Unefeco. The news came after the executive director of PT Inalum (Persero), Sophia Issabella Watimena in Kuala Tanjung, officially announced this while adding the improvement project will enhance the smelting furnace to operate at a current of 235 kA instead of 193 kA. The improvement will be implemented in potline 1 and as many as 170 furnaces, resulting in the enhancement of Inalum’s aluminium production capacity by 25,000 tonnes per year. Sophia Issabella Watimena stated, "With the improvement of technology in potline 1 as many as 170 furnaces, it is expected that the production capacity...
A00 aluminium ingot price in China has jumped by RMB 290 per tonne on Wednesday, April 14, to reach near 10-year high at RMB 17,760 per tonne on fears that Chinese primary aluminium producers will limit their output to meet environmental targets. The average prices are expected to range between RMB 17,740 per tonne and RMB 17,780 per tonne, with spot contract to be traded at a premium price of RMB 40-0 per tonne. Some traders said that China’s Xinjiang region would cut the production of aluminium, an energy intensive industry, as the country strived to curb pollution. However, there has been no confirmation of such event until now. In Chongqing, A00 aluminium ingot price has soared by RMB 350 per tonne to come in at RMB 17,760 per tonne, followed by the surge of RMB 300 per tonne and RMB...
Three-month LME aluminium settled 1.65 per cent higher at US$ 2304.50 per tonne on Tuesday, April 13, and is likely to range between US$ 2270-2320 per tonne today. LME aluminium cash (bid) price and LME official settle price surged by US$ 24 per tonne to close at US$ 2278 per tonne on Tuesday, April 13, marking the second consecutive day of hike. 3-months bid price and 3-months offer price stood at US$ 2293 per tonne, up by US$ 25.50 per tonne from US$ 2267.50 per tonne on April 12. Dec 22 bid price and Dec 22 offer price also grew by US$ 18 per tonne to come in at US$ 2326 per tonne as of April 13. The LME aluminium opening stock continued to fall from 1847600 tonnes to 1841575 tonnes. Live Warrants totalled 1336850 tonnes, while Cancelled Warrants stood at 504725 tonnes. LME aluminium...
The metals segment of En+ Group, the world’s largest low-carbon aluminium and independent hydropower producer, has recently produced aluminium with the industry’s lowest carbon footprint. Carbon generated during smelting per tonne of metal was less than 0.01 tonnes. So, the purity of the aluminium produced was higher than 99 per cent. The lowest-carbon aluminium was produced at En+ Group’s experimental industrial site of the new-generation inert anode electrolysers, located at the Krasnoyarsk Aluminium Plant (KrAZ). The capacity of the electrolysers is to produce about 1 tonne of aluminium per day at a current of 140,000 A. According to Lord Barker of Battle, Executive Chairman of En+, this achievement represents a significant step towards the goal of net-zero carbon by 2050 and reducing...
Aluminium Bahrain B.S.C. (Alba), the largest smelter in the world ex-China, is progressing towards becoming the world’s safest aluminium smelter by achieving 10 million safe working-hours without Lost Time Injuries (LTI), according to a report on Monday, April 12, 2021. Commenting on this achievement, Alba’s Chief Executive Officer Ali Al Baqali said: “Achieving 10 million safe working-hours without LTI is no coincidence, when collectively as a team we do the Right Choice. Safety is not an act, but rather a lifestyle for Alba employees and contractors’ workforce. Taking Ownership of Safety is key to our success today and emphasizes Alba’s objective of maintaining a zero-accident work environment within the Company.” Alba recently held a campaign called ‘the Right Choice’ during April...
Mubadala Investment Co., the sovereign fund of Abu Dhabi stated that it’s “close” to an initial public offering of Emirates Global Aluminium PJSC as it examines other crucial deals comprising a role in a consortium investing in Saudi Aramco’s oil pipelines. On 12 th March 2021, Khaldoon Al Mubarak, CEO commented, when questioned about the possibility of IPO of Middle East’s biggest producer of aluminium, EGA: “We’ve been thinking about this for a couple of years and waiting for the right time for that business to be IPO’d.” The $232 billion funds have shown minor sign of slowing down in 2021, coming off its busiest year. However, the deal stroked wide spreads from acquiring a Brazilian refinery to invest in convertible bonds of messaging app Telegram. Mubadala and Investment Corp. of...
A00 aluminium ingot price in China has climbed by RMB 90 per tonne to close at RMB 17,470 per tonne on Tuesday, April 13, following the two consecutive days of decline, learned the Shanghai Metals Market. The average prices are expected to range between RMB 17,450 per tonne and RMB 17,490 per tonne, with spot contract to be traded at a premium price of RMB 20-20 per tonne. In Linyi, A00 aluminium ingot price has surged by RMB 120 per tonne to RMB 17,490 per tonne, followed by the hike of RMB 110 per tonne to RMB 17,530 per tonne as of April 13. In Shenyang, primary aluminium ingot price has increased by RMB 105 per tonne to RMB 17,475 per tonne, while the price in Wuxi and Hangzhou has grown by RMB 95 per tonne and RMB 90 per tonne to RMB 17,485 per tonne and RMB 17,500 per tonne,...
Three-month LME aluminium edged down 0.09 per cent to settle at US$ 2267 per tonne on Monday and is expected to move between US$ 2250-2280 per tonne today. LME aluminium cash (bid) price and LME official settlement price increased by US$ 4 per tonne to come in at US$ 2254 per tonne as of Monday, April 12, following a plunge to US$ 2250 per tonne on Friday, April 9. 3-months bid price and 3-months offer price rose marginally from US$ 2267.50 per tonne to US$ 2268.50 per tonne. Dec 22 bid price and Dec 22 offer price, however, decreased to return to US$ 2308 per tonne as of April 12. The LME aluminium opening stock decreased from 1854250 tonnes to 1847600 tonnes. Live Warrants totalled 1337125 tonnes, while Cancelled Warrants stood at 510475 tonnes. LME aluminium 3-months Asian Reference...
Alcore Limited, 87 per cent-owned chemical refining subsidiary of ASX-listed Australian Bauxite, has reportedly produced aluminium fluoride samples from aluminium smelter waste known as dross in its recent test work by using proprietary technology. The company hopes to become the first domestic supplier of aluminium fluoride, an essential raw material in aluminium smelting. According to the report, Alcore has developed a two-stage process to produce aluminium fluoride from a combination of dross and aluminium hydroxide. Incorporating dross into the mix, Alcore estimates the average base-line operating costs of aluminium fluoride production to decrease from A$1,080 per tonne to A$800 per tonne. Alcore says Australian aluminium smelters rely primarily on imported aluminium fluoride. In the...
A00 aluminium ingot price in China has opened the week on Monday, April 12, with a decline of RMB 110 per tonne to RMB 17,380 per tonne, following two consecutive hikes last week from RMB 17,390 per tonne to RMB 17,490 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 17,360 per tonne and RMB 17,400 per tonne, with spot contract to be traded at a premium price of RMB 20-20 per tonne. In Linyi, Tianjin, and Shenyang, A00 aluminium ingot price is standing at RMB 17,370 per tonne, registering downfalls by RMB 130 per tonne, RMB 110 per tonne, and RMB 105 per tonne, respectively. In Hangzhou, primary aluminium ingot price has plunged by RMB 115 per tonne to RMB 17,410 per tonne, while the price in Wuxi and Chongqing has declined by RMB 110 per...
