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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National Aluminium Company Limited (NALCO) has expanded its aluminium ingot and aluminium products prices for the second week in a row, with effect from Saturday, March 27. A week ago, with effect from March 20, NALCO increased its aluminium prices by INR 1,500 per tonne, but this week the prices have been raised sharply by above INR 5,000 per tonne. With the latest hike, NALCO is selling its aluminium ingot price at INR 188,650-192,150 per tonne compared to INR 183,350-186,850 per tonne on March 20. This reflects a hike of INR 5,300 per tonne or 2.8 per cent. NALCO’s aluminium wire rod price has come in at INR 192,150-196,500 per tonne, also up by INR 5,300 per tonne from INR 186850- 191200 per tonne last week. The company’s aluminium billets price is hovering in the range of INR...
The first month of 2021 (January) saw a month-on-month rise in the United States primary aluminium production, although marginal, found the latest data of the US Geological Survey. From 77,000 tonnes in December 2020, the US domestic primary aluminium output rose 1,000 tonnes to stand at 78,000 tonnes in January 2021, showed the data. On a year-on-year basis, the output reflected a sharp fall of 14,000 tonnes from 92,000 tonnes. The average daily production in January 2021 was 2,500 tonnes, essentially unchanged compared to 2,480 tonnes in the previous month but 16 per cent less than 2,980 tonnes a year ago. Total aluminium recovered from scrap in January was 258,000 tonnes, 8 per cent more than the revised total in December 2020 and 3 per cent less than that in January 2020. Of this,...
China is reportedly mulling to sell nearly 500,000 tonnes of aluminium from state reserves, in an attempt to calm the market and meet the Asian nation’s carbon emissions objectives, according to a person familiar with the plan. Selling off some of the highly carbon-intensive aluminium stocks is expected to help China offset production losses caused by its commitment to limiting energy usage as the country plans to achieve a carbon-neutral economy by 2060. However, going ahead, China’s aluminium selling plans, including the volume to be released, could be subject to change, said the person. According to the person, Beijing is keen to prevent the price hike of aluminium, one of the most widely used metals in goods like window frames, car parts, beverage can packaging, and so forth. A report...
Tirupati Graphite, a fully integrated specialist graphite and graphene producer, with operations in Madagascar and India, has further strengthened its team across three business units to brace its growth. Tirupati has appointed Dr SK Biswal, a scientist and technocrat specialising in the field of graphene and mineral processing technology as head of the Tirupati Graphene and Mintech Research Centre (TGMRC), in India. TGMRC is fully focused on becoming a leading graphene manufacturer, developing its applications and giving Tirupati its technological backbone. To focus on the application of graphene in aluminium smelters and graphene aluminium composites development, Tirupati has also appointed graphene engineering science specialist Dr P Dash, as well as hired Dr SK Sathpathy as advisors....
Africa’s primary aluminium production came in at 121,000 tonnes in February 2021, indicating a drop of 4.72% from 127,000 tonnes in February 2020. On a month-on-month comparison, the output registered a decline of 9.02% from 133,000 tonnes, according to the latest data showed by the International Aluminium Institute (IAI) on Monday, 22 March 2021. In the first two months of 2021, primary aluminium production stood at 254,000 tonnes from 263,000 tonnes in the first two months of 2020. That was down 3.42% year-on-year, IAI data showed. In February 2021, world primary aluminium production plunged by 8.83% month-on-month to stand at 5.203 million tonnes. The total output in the first two months of the year stood at 10.930 million tonnes. On a year-on-year calculation, world primary aluminium...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, reduced by 7,000 tonnes from last week. The stocks came in at 1.24 million tonnes as of Thursday, March 25 2021. The chart below shows the status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Wuxi, Nanhai and Hangzhou witnessed a decline. The inventories in Wuxi, Nanhai and Hangzhou declined by 9,000 tonnes, 10,000 tonnes and 2, 000 tonnes to stand at 459,000 tonnes, 322,000 tonnes and 99,000 tonnes on Thursday, March 25. But the stocks in Shanghai and Gongyi marked a hike by 3,000 tonnes and 11,000 tonnes, standing at 98,000 tonnes and 188,000 tonnes. Inventories of aluminium in Tianjin, Chongqing...
SMM aluminium ingot price increased for the second day in a row. The price increased from RMB 17200 per tonne to RMB 17330 per tonne on Friday, 26 March 2021. That was up by RMB 130 per tonne from Thursday’s price. It is expected to move within a range of RMB 17310-17350 per tonne. Aluminium price in Foshan and Wuxi increased by RMB 130 per tonne and RMB 125 per tonne to stand at RMB 17330 per tonne and RMB 17340 per tonne on Friday, 26 March 2021. Aluminium prices in Hangzhou and Chongqing stood at RMB 17365 per tonne and 17285 per tonne, up RMB 120 per tonne and RMB 220 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi hiked to stand at RMB 17340 per tonne, RMB 17320 per tonne, RMB 17340 per tonne, and RMB 17200 per tonne. The aluminium alloy (ADC12) price...
Three-month LME aluminium rose 0.36 per cent to close at US$ 2,256 per tonne on Thursday. It is expected to trade between US$ 2,230-2,260 per tonne today. LME aluminium cash (bid) price and LME official settlement price decreased by US$ 12.50 per tonne on Thursday, March 25, to stand at US$ 2208 per tonne. 3-months bid price and 3-months offer price stood at US$ 2235.50 per tonne, down by US$ 13.50 per tonne from US$ 2249 per tonne on March 24. Dec 22 bid price and Dec 22 offer price hovered around US$ 2251 per tonne on March 25 compared to US$ 2261 per tonne on the previous day. The LME aluminium opening stock declined from 1946550 tonnes to 1934425 tonnes on Thursday, March 25. Live Warrants totalled 1278250 tonnes, while Cancelled Warrants stood at 656175 tonnes. LME aluminium 3-months...
On 25 th March 2021, Century Aluminum of South Carolina (CASC), a wholly-owned subsidiary of Century Aluminum Company announced that it has concluded and received all necessary approvals for, its new, three-year power contract with the South Carolina Public Service Authority, also known as Santee Cooper for the Mt. Holly aluminium smelter. The contract will set in motion on 1 st April 2021 and run through December 2023. As announced in December 2020, the contract delivers a minimum of 290MW of electric power, allowing the smelter to increase its production by 50% (resulting in total production of 75% of Mt. Holly’s full capacity once the restart project is completed). Restart work at the Mt. Holly smelter is already underway and is on schedule to be completed in the fourth quarter of 2021...
Vedanta Limited slashed its aluminium ingot and aluminium products prices by INR 4,000 per tonne with effect from March 24, following a hike of INR 3,500 per tonne on March 23. That brought the company’s aluminium ingot price to INR 183,250-196,250 per tonne from INR 187,250-200,250 per tonne on March 23. Vedanta’s aluminium wire rod price came in at INR 190,750-198,250 per tonne on March 24 versus INR 194,750-202,250 per tonne on March 23. Aluminium billet price ranged between INR 191,250 per tonne. On the very next day, March 25, Vedanta’s aluminium ingot price rebounded slightly by INR 2,250 per tonne to come in at INR 185,500-198,500 per tonne. Vedanta’s aluminium wire rod and aluminium billet prices also saw a hike of INR 2,250 per tonne. While the former increased from INR...
In February 2021, primary aluminium production in East & Central Europe stood at 319,000 tonnes, reflecting a plunge of 34,000 tonnes or 9.63 per cent month-on-month, found the International Aluminium Institute. In January 2021, output was at 353,000 tonnes, up by 1,000 tonnes from 352,000 tonnes a month ago. Total primary aluminium production in East & Central Europe in the first two months of 2021 amounted to 672,000 tonnes, which stood 15,000 tonnes or 2.18 per cent less than 687,000 tonnes during the same period last year. In the entire year of 2020, primary aluminium output in East & Central Europe totalled 4.153 million tonnes, down by only 1 per cent from 4.157 million tonnes in 2019. Primary aluminium production in West Europe in February 2021 stood at 259,000 tonnes, down by...
According to the Shanghai Metals Market, A00 aluminium ingot price has recorded a hike of RMB 120 per tonne to stand at RMB 17,200 per tonne on Thursday, March 25, following two consecutive days of decline from RMB 17,540 per tonne to RMB 17,080 per tonne. The average prices are expected to range between RMB 17,180 per tonne and RMB 17,220 per tonne, with spot contract to be traded at a premium price of RMB 20-20 per tonne. A00 aluminium ingot price in Foshan has also grown by RMB 120 per tonne to come in at RMB 17,200 per tonne, while the price in Hangzhou and Wuxi has climbed by RMB 130 per tonne and RMB 125 per tonne to peg at RMB 17,245 per tonne and RMB 17,215 per tonne, respectively. In Linyi and Gongyi, primary aluminium ingot price has increased by RMB 100 per tonne and RMB 60 per...
The Norwegian technology company, Klaveness Digital on a mission to bring shipping and logistics into the future, has coupled with key players in the aluminium industry to develop a new solution for managing supply chain risk and reducing the waste often associated with maritime logistics. The solution is an extension of CargoValue, an intelligent shipping and logistics platform that permits users to plan and manage shipping schedules and inventories in one, unified solution. Outside China, so far CargoValue serves a potential aluminium market and is growing at a rapid pace as Klaveness Digital pursues to develop new functionality to solve everyday industry issues. The latest solution will empower aluminium industry players to build a real-time digital twin of their maritime supply chains...
Three-month LME aluminium rose 1.54 per cent to close at US$ 2,248 per tonne on Wednesday. It is expected that the contract will trade between US$ 2,230-2,260 per tonne today. LME aluminium cash (bid) price and LME official settlement price grew by US$ 15.50 per tonne on Wednesday, March 24, to come in at US$ 2220.50 per tonne. 3-months bid price and 3-months offer price stood at US$ 2249 per tonne, up by US$ 15 per tonne from US$ 2234 per tonne on March 23. Dec 22 bid price and Dec 22 offer price expanded from US$ 2246 per tonne to US$ 2261 per tonne. The LME aluminium opening stock continued to decrease from 1956325 tonnes to 1946550 tonnes on Wednesday, March 24. Live Warrants totalled 1280650 tonnes, while Cancelled Warrants stood at 665900 tonnes. LME aluminium 3-months Asian...
Aluminium Corporation of China Limited, popularly known as Chalco, posted the lowest annual profit in the last four years in 2020. It said in a filing that its net income fell 13.1 per cent year-on-year to RMB 741 million in 2020. The company's revenues stood down by 2.2 per cent to RMB 186 billion even when Shanghai aluminium prices rose more than 20 per cent amid a strong rebound in demand for Chinese aluminium during the year-end. Chalco attributed the revenue drop to a decrease in trade. In early March 2021, Shanghai aluminium prices climbed further to a new decade high but declined nearly 6 per cent on Tuesday on concerns China could release aluminium from state reserves. Net impairments totalled RMB 1.41 billion, of which customer bad debt contributed RMB 979 million and long-terms...
A00 aluminium ingot price in China has continued to decline on Wednesday, March 24, to stand at RMB 17,080 per tonne, marking the second consecutive day of fall after a hike over the weekend on Monday, March 22. According to SMM, the average prices today are expected to range between RMB 17,060 per tonne and RMB 17,100 per tonne, with spot contract to be traded at a premium price of RMB 20-20 per tonne, up by RMB 40 per tonne from the previous day. In Foshan, A00 aluminium ingot price has also come in at RMB 17,080 per tonne, declining by RMB 150 per tonne on March 24. In Chongqing and Tianjin, primary aluminium ingot price has decreased by RMB 115 per tonne and RMB 100 per tonne, respectively, to stand at RMB 17,060 per tonne and RMB 17,110 per tonne. In Wuxi and Linyi, A00 aluminium...
Three-month LME aluminium fell 2.64 per cent to close at US$ 2214 per tonne on Tuesday. It is expected to trade between US$ 2,200-2,230 per tonne today. LME aluminium cash (bid) price and LME official settlement price shrank by US$ 49 per tonne to come in at US$ 2205 per tonne on Tuesday, March 23, following a surge over the weekend from US$ 2188 per tonne to US$ 2254 per tonne. 3-months bid price and 3-months offer price stood at US$ 2234 per tonne, down by US$ 48.5 per tonne from US$ 2282.50 per tonne on March 22. Dec 22 bid price and Dec 22 offer price decreased from US$ 2296 per tonne to US$ 2246 per tonne. The LME aluminium opening stock further declined from 1964025 tonnes on Monday, March 22, to 1956325 tonnes on Tuesday, March 23. Live Warrants totalled 1293150 tonnes, while...
Alcoa Corporation will deliver sustainable, low-carbon aluminium for the wheels on the e-tron GT, Audi’s first electric sports car. The company will supply metal to RONAL GROUP for the manufacture of the Audi e-tron GT’s high-performance alloy wheels, produced with a combination of metal from the ELYSISTM zero-carbon emissions smelting technology and EcoLum™, Alcoa’s low-carbon aluminum brand. “Alcoa’s DNA is built on discovering the process that made aluminum a part of our everyday lives, and we’re proud to help the industry take another step forward to lower the carbon footprint of global supply chains,” said Tim Reyes, Alcoa’s Chief Commercial Officer and Executive Vice President. “Our partnership with the RONAL GROUP in supplying Audi with sustainable solutions helps make an...
