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 slid 0.72 per cent to settle at US$ 2269 per tonne last Friday, and is expected to move between US$ 2245-2280 per tonne today. LME aluminium cash (bid) price and LME official settlement price plunged by US$ 17.50 per tonne or 0.78 per cent to stand at US$ 2250 per tonne as of Friday, April 9, following a hike from US$ 2239.50 per tonne to US$ 2267.50 per tonne on the previous day. 3-months bid price and 3-months offer price decreased by US$ 12.50 per tonne from US$ 2280 per tonne to US$ 2267.50. Dec 22 bid price and Dec 22 offer price also inched down to clock at US$ 2308 per tonne on April 9 compared to US$ 2314 per tonne on April 8. The LME aluminium opening stock decreased from 1860850 tonnes to 1854250 tonnes. Live Warrants totalled 1337125 tonnes, while...
National Aluminium Company Limited (NALCO) has sharply raised its aluminium ingot and aluminium product prices with effect from Friday, April 9, following a cut more than a week ago on April 1. NALCO’s aluminium ingot price has come in at INR 194,250-197,750 per tonne, reflecting an increase of INR 6,600 per tonne from INR 187,650-191,150 per tonne. Aluminium wire rod price has also witnessed a surge of INR 6,600 per tonne with effect from April 9 from INR 191,150-195,500 per tonne to INR 197,750-202,100 per tonne. NALCO’s aluminium billets price has also been raised by INR 6,600 per tonne from INR 191,100-193,750 per tonne to INR 197700-200,350 per tonne. NALCO, like any other Indian aluminium producer, links its aluminium ingot and aluminium products prices to the three-month futures of...
According to the recent data revealed by the Shanghai Metals Market, China’s primary aluminium production improved 10.2 per cent year-on-year to 3.35 million tonnes in March 2021 (31 production days). However, on a month-on-month basis, the production stood 10.93 per cent down from 3.02 million tonnes. Daily output rose 200 tonnes from February to 107,900 tonnes in March. The proportion of aluminium water came in at 63.2 per cent, up 3.9 percentage points month-on-month. Seven aluminium plants in Inner Mongolia conducted maintenance or reduced output in March due to local energy consumption restrictions, involving about 310,000 tonnes of annual capacity. Meanwhile, several plants in south-west China continued to raise operating capacity in the same month. As of early April, there were...
Vedanta has reported a growth in its aluminium products for the fourth day in row. With effect from Friday, 09 April 2021, the prices of some aluminium ingots have increased by more than 1% or INR 2,750 per tonne from Thursday’s price of INR 192,750-205,750 per tonne. Aluminium price is currently hovering at INR 195,500-208,550 per tonne. Billets price stands at INR 203,500 per tonne on Friday, 09 April 2021, representing a hike of INR 2,750 per tonne from INR 200,750 per tonne on April 8. 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 LME has been increasing since October. The price has climbed nearly 14% in the October-December. Vedanta’s aluminium business typically accounts...
Hydro will establish a separate company called Hydro REIN to provide renewable energy solutions for more sustainable industries. The company aims to help Hydro and other industrial clients succeed with their energy transition. “As part of Hydro’s strategic direction of strengthening our position in low-carbon aluminium and exploring new growth opportunities, we launched a separate unit last year called Renewable Growth. As we have now matured this initiative further, we are strengthening the organization, setting it up as a separate company and naming it Hydro REIN,” said Hydro’s President and CEO, Hilde Merete Aasheim. This separate unit will create several positions, in areas such as project development, technology, legal and sustainability. “We will facilitate access to affordable...
SMM aluminium ingot price has marked a hike for the second day in a row. The price stands at RMB 17490 per tonne on Friday, 09 April 2021, an increase of RMB 20 per tonne from Thursday’s price of RMB 17470 per tonne. The price is expected to move within a range of RMB 17470-17510 per tonne. In Foshan and Wuxi, the price has increased by RMB 30 per tonne each to stand at RMB 17510 per tonne and RMB 17500 per tonne on Friday, 09 April 2021. In Hangzhou and Chongqing, the price has inched up by RMB 15 per tonne and RMB 10 per tonne to stand at RMB 17525 per tonne and RMB 17460 per tonne. Aluminium ingot prices in Shenyang, Tianjin and Linyi have risen to stand at RMB 17475 per tonne, RMB 17480 per tonne, and RMB 17500 per tonne. Australian alumina FOB price stands USD 2.5 per tonne higher at...
Three-month LME aluminium settled 1.15 per tonne higher at US$ 2,285.50 per tonne on Thursday, and is expected to trade between US$ 2,250-2,310 per tonne today. LME aluminium cash (bid) price and LME official settlement price surged by US$ 28 per tonne or 1.25 per cent to settle at US$ 2267.50 per tonne as of Thursday, April 8. 3-months bid price and 3-months offer price grew by US$ 21.50 per tonne to stand at US$ 2280 per tonne. Dec 22 bid price and Dec 22 offer price crossed the US$ 2300 per tonne level to reach US$ 2314 per tonne, soaring by US$ 55.50 per tonne. The LME aluminium opening stock inched up from 1860125 tonnes to 1860850 tonnes on Thursday, April 8. Live Warrants totalled 1344575 tonnes, while Cancelled Warrants stood at 516275 tonnes. LME aluminium 3-months Asian...
Shanghai Metals Market data showed primary aluminium inventories in China lost 23,000 tonnes across eight major consumption areas, including SHFE areas, to stand at 1.23 million tonnes as of April 8, 2021. Last week on April 1, the inventories stood at 1.251 tonnes across China, climbing by 8,000 tonnes week-on-week. The chart below indicates the current status of primary aluminium inventories across China in more details: In Gongyi, primary aluminium inventories decreased by 14,000 tonnes week-on-week to come in at 175,000 tonnes, while the stocks in Nanhai plunged by 12,000 tonnes to settle at 303,000 tonnes. In Shanghai and Tianjin, primary aluminium inventories dropped 3,000 tonnes and 2,000 tonnes to clock at 96,000 tonnes and 58,000 tonnes, respectively. In Hangzhou, the inventories...
Vedanta has hikes its aluminium products price for the three consecutive days. With effect from Thursday, 08 April 2021, the prices of some aluminium ingots are in the range of INR 192,750-205,750 per tonne. The price has marked a growth of 0.78% or INR 1,500 per tonne from INR 191,250-204,250 per tonne on April 7. The company is selling its billets price at INR 200,750 per tonne, marking an increase of INR 1,500 per tonne from INR 199,250 per tonne on April 7. 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 LME has been increasing since October. The price has climbed nearly 14% in the October-December. Vedanta’s aluminium business typically accounts for one-third of the company’s...
Like the global aluminium industry, Ghana’s new integrated aluminium industry is going to be highly-energy intensive, requiring 500 megawatts of direct and stable power supply to be able to operate effectively. Ghana is in the process of expanding its existing bauxite mine in Awaso and developing additional mines in Nyinahin-Mpasaso and Kyebi. The country also plans to expand its existing VALCO smelter and develop a second smelter to increase its aluminium production capacity. Besides, it aspires to establish at least two refineries with the goal of maximising in-country value by refining bauxite into alumina. Chief Executive Officer of Ghana Integrated Aluminium Development Corporation (GIADEC), Mr Michael Ansah, informed that they already started corresponding with power companies for...
Ionic Rare Earths Limited (IonicRE) has inked a Memorandum of Understanding with rare earth miner Aluminium Corporation of China subsidiary, China Rare Metals and Rare Earth (Jiangsu) Co., Ltd for the development of its Makuutu Rare Earths Project in Uganda. Both the parties will cooperate to accelerate Makuutu mine development and production including potential off take agreements and Project funding. IonicRE Managing Director Tim Harrison commented: “We are very pleased to have signed this MOU which, further endorses the quality of the Project and its strategic importance, and will now enable the Makuutu Rare Earths Project to rapidly advance activities in the near term. We welcome the involvement of CHINALCO and their ionic clay and rare earths separation arm China Rare Earths Jiangsu....
Vedanta Aluminium & Power Business, India’s largest producer of aluminium and value-added products, is facilitating hundreds of MSMEs in remote rural areas with its innovative ‘Waste to Wealth’ programme. This programme is part of Vedanta’s sustainability goals and commitments toward socio-economic development in some of the country’s aspirational districts. Vedanta’s Waste to Wealth programme is focused on ‘Zero Harm, Zero Waste and Zero Discharge’. As part of the initiative, the company is assisting local micro-enterprises in making nearly 5 lakh tonnes per annum of fly-ash brick. Vedanta is also providing know-how and training on manufacturing these bricks in partnership with technical institutes, which is creating employment avenues and promoting a circular economy. The beneficiaries...
Three-month LME aluminium edged down by 0.02% to close at US$2,259.5 per tonne on Wednesday. It is expected to fluctuate between US$2,230-2,280 per tonne today. As of Wednesday, April 7, LME aluminium cash (bid) price stands at US$ 2239.50 per tonne, LME official settlement price stands at US$ 2239.50 per tonne; 3-months bid price stands at US$ 2258.50per tonne, 3-months offer price is US$ 2258.50 per tonne; Dec 22 bid price stands at US$ 2258.50per tonne, and Dec 22 offer price stands at US$ 2258.50per tonne. The LME aluminium opening stock stood at 1860125 tonnes. Live Warrants totalled 1337675 tonnes, and Cancelled Warrants were 522450 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2259.31per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE...
Increase in domestic primary aluminium consumption has led to the growth in China’s A00 aluminium ingot price for the second day this week, even amid the muted raw materials costs. According to the Shanghai Metals Market, A00 aluminium ingot price has built up by RMB 80 per tonne on Thursday, April 8, to settle at RMB 17,470 per tonne. 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 50-10 per tonne. In Foshan and Hangzhou, A00 aluminium ingot price has grown the highest by RMB 90 per tonne to clock at RMB 17,480 per tonne and RMB 17,510 per tonne, respectively. In Gongyi, the price has climbed by RMB 80 per tonne to RMB 17,360 per tonne, while the price in Chongqing and Tianjin has...
Hindalco Industries Limited has continued to raise its aluminium products price. With effect from Wednesday, April 7 2021, aluminium billets price stands at INR 198,100 per tonne, an increase of INR 2,750 per tonne from INR 195,350 per tonne on March 31. Aluminium ingot and wire rods prices stand at INR 191,000 per tonne and INR 202,100 per tonne as of Wednesday, 07 April 2021, an increase of more than 1% from INR 188,250 per tonne and INR 199,350 per tonne per tonne on March 13. 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 LME has been increasing since October. The price has climbed nearly 14% in the October-December. Aluminium operations of the company, excluding those of its...
Vedanta has raised its aluminium products price for the second day in a row. With effect from Wednesday, 07 April 2021, the prices of some aluminium ingots stand at INR 191,250-204,250 per tonne, indicating an increase of 1.25% or INR 2,500 per tonne from INR 188,750-201,750 per tonne on April 6. The company is selling its billets price at INR 199,250 per tonne on Wednesday, 07 April 2021. This is up by INR 2,500 per tonne from INR 196,750 per tonne on April 6. 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 LME has been increasing since October. The price has climbed nearly 14% in the October-December. Vedanta’s aluminium business typically accounts for one-third of the company’s...
Norsk Hydro, one of the largest aluminium company worldwide and renewable energy producer is exploring the potential for developing and operating hydrogen facilities to meet its substantial internal demand as well as serving an external market, leveraging the company’s industrial and renewable power expertise. Hilde Merete Aasheim, President and CEO, Hydro, said: “We see a substantial potential for industrial hydrogen consumption. Taking a developer and operator role in the hydrogen sector represents an opportunity for Hydro to reduce industrial CO2 emissions and develop a profitable and sustainable business based on hydrogen.” Hydro has set forth a clear strategic direction toward 2025 and aims to strengthen its position in low-carbon aluminium while exploring new growth opportunities in...
Aluminium Bahrain (Alba), the world’s largest aluminium smelter ex-China, has announced the launch of mini Safety, Health and Environment (SHE) Campaign ‘the Right Choice’ to improve the overall Safety, Health and Environment in the company. The Campaign will feature special lectures by external speakers from the Supreme Council of Environment, General Directorate of Traffic, and International Organisation for Child Protection. The Campaign, inaugurated by Alba’s Chief Executive Officer Ali Al Baqali, will be held virtually from 05 to 12 April 2021 for Alba employees and contractors’ workers. Chief Executive Officer Ali Al Baqali stated: “We are what we repeatedly do, and Safety Excellence is a habit entrenched in our culture and Values. Safety is practiced every day individually and...
