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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SMM aluminium ingot price has dropped after three days of hike. The price declines by RMB 120 per tonne on Wednesday, 07 April 2021 to stand at RMB 17390 per tonne from Tuesday’s price of RMB 17510 per tonne. The price is expected to range at RMB 17370-17410 per tonne. In Foshan and Wuxi, the price has declined by RMB 120 per tonne and RMB 100 per tonne to stand at RMB 17390 per tonne and 17405 per tonne. Aluminium prices in Hangzhou and Chongqing have stood at RMB 17420 per tonne and 17375 per tonne, down RMB 110 per tonne and RMB 105 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi have reduced to stand at RMB 17400 per tonne, RMB 17380 per tonne, RMB 17410 per tonne, and RMB 17280 per tonne. Cryolite price is up by RMB 150 per tonne after remaining restraint...
Three-month LME aluminium advanced 1.35% to close at US$2,260 per tonne on Tuesday. SMM expects the contract to trade between US$2,230-2,280 per tonne today. As of Tuesday, April 6, LME aluminium cash (bid) price stands at US$ 2247 per tonne, LME official settlement price stands at US$ 2247 per tonne; 3-months bid price stands at US$ 2268.50 per tonne, 3-months offer price is US$ 2268.50 per tonne; Dec 22 bid price stands at US$ 2294.50 per tonne, and Dec 22 offer price stands at US$ 2294.50 per tonne. The LME aluminium opening stock stood at 1882275 tonnes. Live Warrants totalled 1343850 tonnes, and Cancelled Warrants were 538425 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2257.26per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE...
Metso Outotec has closed the divestment of its Aluminium business to REEL International for an undisclosed sum. The business includes equipment and plant solutions to green anode plants, anode rodshops, and casthouses used in aluminium smelters, as well as the related services. “I would like to extend my sincerest thanks to the Aluminium team for its contribution to Metso Outotec and for the hard work to ensure a smooth transfer of the business. I wish the team great success under its new ownership at REEL,” said Jari Ålgars, President of Metals business area, Metso Outotec. Metso Outotec, headquartered in Helsinki, Finland is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. The...
Director of En+ Group’s Environmental and Climate Risk Management Department, Alexey Spirin, has joined the Board of the Aluminium Stewardship Initiative (ASI). According to the report, Mr Spirin has succeeded Tolga Egrilmeizer, Vice President of Sales & Marketing at Rio Tinto Aluminium, for two years term of office. ASI’s Board consists of two Directors from each of Production and Transformation, Industrial Users and Civil Society membership classes, elected by all ASI members, and two Independent Directors, appointed by the elected Board. Earlier during 2018-2020, Alexey represented Rusal as a standard committee member and a member of different ASI working groups. Alexey Spirin said: “I would like to thank ASI members for their confidence in me, and I look forward to working with my...
Followed by the grand success of our flagship e-Magazines for consecutive two years, “Aluminium LeaderSpeak 2019 & Aluminium LeaderSpeak 2020”, AlCircle proudly launches the 3rd edition of its e-Magazine, “Aluminium LeaderSpeak 2021”, which prominently covers the leader’s vision for the global aluminium industry in 2021. As we all are very much aware that global metal manufacturers are confronting a twofold problem in the energy transition. The initial one is, they have to fulfil the towering global demand for the key commodities and secondarily they have to scale down emissions. The metal aluminium faces a much bigger challenge than all the metals as it counters the biggest impact from carbon pricing. Aluminium ranks as the second-highest producer of absolute emissions (2% of the global...
The London Metal Exchange was closed on Friday and Monday for Good Friday and Easter Monday. On Thursday, 1 April, Three-month LME aluminium settled 0.79 per cent higher at US$ 2,230 per tonne. As of Thursday, April 1, both LME aluminium cash (bid) price and LME official settlement price remained restrained at US$ 2212.50 per tonne. But 3-months bid price and 3-months offer price grew by US$ 1 per tonne to stand at US$ 2236 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2266 per tonne, down by US$ 10 per tonne from US$ 2256 per tonne on March 31. The LME aluminium opening stock decreased from 1897075 tonnes on Wednesday to 1889400 on Thursday. Live Warrants totalled 1333350 tonnes, while Cancelled Warrants stood at 556050 tonnes. LME aluminium 3-months Asian...
Rio Tinto Japan has joined Japan’s Green Value Chain Platform Network (GVC Network) to cut carbon footprint in Japan. The GVC Network, formed in 2018, is a collaboration established by the Japanese Ministry of the Environment to lead transparent decarbonisation efforts in the country. Representative Director and Rio Tinto Japan President Bill Horie said: “We are honoured to be welcomed into the Ministry of Environment’s GVC Network and look forward to engaging on innovative approaches with customers, government and industry to help reduce Japan’s carbon footprint”. GVC Network, which has 141 members from a variety of industries: electronics, machinery and equipment, automotive, airline, pharmaceutical, chemical, cosmetics, building and construction, real estate, housing, printing, food...
Vedanta has hiked its aluminium products price by INR 2,250 per tonne today. With effect from Tuesday, 06 April 2021, the prices of some aluminium ingots stand at INR 188,750-201,750 per tonne, an increase of 1.16% from INR 186,500-199,500 per tonne on March 31. Billets price has come in at INR 196,750 per tonne on Tuesday, 06 April 2021 marking a growth of INR 2,250 per tonne from INR 194,500 per tonne on March 25. 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 consolidated sales. Vedanta has a stake in...
A00 aluminium ingot price in China has witnessed a rise of RMB 80 per tonne to settle at RMB 17,510 per tonne as of Tuesday, April 6, marking the third consecutive hike since April 1, found the Shanghai Metals Market. Data shows the average prices are expected to range between RMB 17,490 per tonne and RMB 17,530 per tonne, with spot contract to be traded at a premium price of RMB 50-10 per tonne. In Gongyi, A00 aluminium ingot price has surged by RMB 100 per tonne to RMB 17,420 per tonne, followed by the rise of RMB 80 per tonne in Foshan and Linyi to come in at RMB 17,510 per tonne. In Wuxi, primary aluminium ingot price has climbed by RMB 75 per tonne to RMB 17,505 per tonne, while the price in Hangzhou has grown by RMB 70 per tonne to RMB 17,530 per tonne. In Chongqing and Tianjin,...
The globally diversified mining and metal firm Vedanta Resources has stated that it contributed $4.66 billion to the public exchequer in India during the FY20. According to the latest report, Vedanta Resources said: “Overall contributions to public exchequers of various countries stood at $4.7 billion (INR 34,310 crore) during the fiscal year. Anil Agarwal, Chairman, Vedanta Resources, said: "Consistent with our commitment to building on transparency, we present our fifth tax transparency report. During FY2019-20, our contribution to exchequer was $4.7 billion, which accounts for 40% of our consolidated turnover." As the majority of the group’s business operations are positioned in India, so most of this amount goes to the Indian exchequer. Vedanta paid $1,398 million towards royalties to...
Fort William aluminium smelter’s troubled boss has affirmed that none of the steel plants will shut “under my watch”. The founder of Liberty House Group and Chairman and CEO of GFG Alliance, Sanjeev Gupta also confessed that his Liberty Steel business owes “multi-billions” to the collapsed financial lender, Greensill Capital. On 2 nd April 2021, Lochaber Chamber of Commerce (LCC) explained: “The smelter, which was bought by GFG in 2016 and is part of its Alvance aluminium wing, as a ‘critical part’ of the local community, and the organisation would continue to engage with the company about any impact the ‘current challenges’ might have on its operations in the area.” Kwasi Kwarteng, UK Business Secretary has turn downed to rule out the probability that Liberty Steel could be taken into...
National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium products prices with effect from Thursday, April 1, following a sharp rise of INR 5,000 per tonne last week on March 27. The company has decreased its aluminium ingot price by only INR 1,000 per tonne this week from INR 188,650-192,150 per tonne on March 27 to INR 187,650-191,150 per tonne. The company’s aluminium wire rod price has also faced a cut of INR 1,000 per tonne with effect from April 1 to INR 191,150-195,500 per tonne. NALCO’s aluminium billets price has come in at INR 191,100-193,750 per tonne compared to INR 192,100-194,750 per tonne on March 27. NALCO, like any other Indian aluminium producers, links its aluminium ingot and aluminium products prices to the three-month futures of...
Three-month LME aluminium showed restraint on Monday at US$ 2,273.50 per tonne but fell the next day, on March 30, to US$ 2227.50 per tonne. On Wednesday, March 31, the price dropped further by 0.67 per cent to settle at US$ 2,212.50 per tonne; however, it rose on Thursday, April 1, by 0.79 per cent to US$ 2,230 per tonne. As of Monday, March 29, LME aluminium cash (bid) price and LME official settle price started the week at US$ 2255.50 per tonne, which on Tuesday, March 30, decreased by US$ 35 per tonne to US$ 2220.50 per tonne. Continuing to decline further, both LME aluminium cash (bid) price and LME official settle price stood at US$ 2212.50 per tonne on Wednesday, March 31. On Thursday, April 1, the prices closed the week restrained. On Monday, March 29, 3-months bid price and...
SMM aluminium ingot price started the week with a hike of RMB 60 per tonne on Monday, March 29 2021 to RMB 17390 per tonne. The price on Tuesday and Wednesday declined to stand at RMB 17340 per tonne and RMB 17160 per tonne. The aluminium price closed the week higher at RMB 17430 per tonne on Friday, 02 April 2021, from Thursday’s price of RMB 17260 per tonne. It is likely to trade between RMB 17410- 17450 per tonne. According to the Shanghai Metals Market, social inventories of primary aluminium rose 8,000 tonnes across eight major consumption areas in China, including SHFE warrants, to come in at 1.251 million tonnes as of Thursday, April 1. The aluminium alloy (ADC12) price remained almost flat. The price did not show any movement on Monday and Tuesday. ADC12 price on Wednesday dropped...
Malaysian aluminium smelter, Press Metal has been adored by the investors as the metal producer focus on ESG practices, while the world’s largest glove producers, Top Glove topples due to environmental, social and governance (ESG) matters. South-east Asia's biggest aluminium smelter gushed 18% in the March quarter to become the best performer on Malaysia's benchmark stock index. The plants those runs on hydropower, it has been noticed that their shares have rallied amid higher prices of the metal and speculates that its products made with low carbon footprint will be in demand. China is stressing to meet a goal of carbon neutrality by 2060, leaving aluminium producers that run on coal-fired power in the government's cross-hairs. Low Jin Wu, an analyst at Hong Leong Investment Bank, said...
Prebaked anode price in Southwest China market has risen by RMB 28 per tonne after a month of restrained. The price currently stands at RMB 4282.5 per tonne on Friday, 02 April 2021 from earlier price of RMB 4002.5 per tonne. It is likely to range at RMB 4135-4430 per tonne. Average prebaked anode prices in Northwest China market has also increased by RMB 280 per tonne to stand at RMB 4410 per tonne on Friday, 02 April. Prebaked anode prices in East China and Central China have remained unchanged at RMB RMB4192.5 per tonne and RMB4110 per tonne respectively. Australian alumina FOB price has climbed from USD274 per tonne to USD274.5 per tonne on Friday. This records a rise of USD0.5 per tonne. SMM aluminium ingot price has witnessed a hike for the second day in a row. The ingot price has...
According to the Shanghai Metals Market, social inventories of primary aluminium rose 8,000 tonnes across eight major consumption areas in China, including SHFE warrants, to come in at 1.251 million tonnes as of Thursday, April 1. Last week, on March 25, inventories stood at 1.243 million tonnes across China as the stocks lost around 7,000 tonnes week-on-week. The chart below indicates the current status of primary aluminium inventories across China in more details: In Hangzhou, primary aluminium inventories grew by 6,000 tonnes to come in at 105,000 tonnes, while the stocks in Wuxi increased by 5,000 tonnes to stand at 464,000 tonnes. Gongyi, Shanghai, Tianjin, and Linyi, the inventories gained only 1,000 tonnes over the week on April 1. In Gongyi and Shanghai, the inventories clocked at...
Three-month LME aluminium settled 0.79 per cent higher at US$ 2,230 per tonne on Thursday, with open interest decreasing 7,546 lots to 712,000 lots. It is expected to move between US$ 2,220-2,250 per tonne today. As of Thursday, April 1, both LME aluminium cash (bid) price and LME official settlement price remained restrained at US$ 2212.50 per tonne. But 3-months bid price and 3-months offer price grew by US$ 1 per tonne to stand at US$ 2236 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2266 per tonne, down by US$ 10 per tonne from US$ 2256 per tonne on March 31. The LME aluminium opening stock continued to decrease from 1897075 tonnes on Wednesday to 1889400 on Thursday. Live Warrants totalled 1333350 tonnes, while Cancelled Warrants stood at 556050 tonnes. LME...
