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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Vedanta has hiked its aluminium products price by around 2% today. With effect from Tuesday, 23 March 2021, the prices of some aluminium ingots stand at INR 187,250-200,250 per tonne. The price registered an increase of INR 3,500 per tonne from INR 183,750-196,750 per tonne on March 18. The company is selling its billet at INR 195,250 per tonne on Tuesday, 23 March 2021. This is up by INR 3,500 per tonne from INR 191,750 per tonne on March 18. 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...
North America’s primary aluminium production stood at 308,000 tonnes in February 2021, marking an increase of 1.91% year-on-year, according to the latest data showed by the International Aluminium Institute (IAI). On a monthly basis, the output dropped by 9.4% from January’s output of 340,000 tonnes. The aluminium output came in at 648,000 tonnes in the first two months of 2021, from 644,000 tonnes in the first two months of 2020. This marked an increase of 0.62% year-on-year. In South America, primary aluminium production in February stood 4.44% lower year-on-year. The output was 86,000 tonnes. On a month-on-month comparison, aluminium production decreased by 9.47% from 95,000 tonnes in January. Primary aluminium production declined from 188,000 tonnes in January-February 2021 to 181,000...
SMM aluminium ingot price stood at RMB 17220 per tonne on Tuesday, 23 March 2021, indicating a decline of RMB 320 per tonne from Monday’s price of RMB 17540 per tonne. It is expected to move within a range of RMB 17200-17240 per tonne. Aluminium price in Foshan and Wuxi declined by RMB 310 per tonne and RMB 355 per tonne to stand at RMB 17230 per tonne and RMB 17185 per tonne on Tuesday, 23 March 2021. Their average prices are expected to range within RMB 17210-17250 per tonne and RMB 17150-17220 per tonne. Aluminium prices in Hangzhou and Chongqing were RMB 17185 per tonne and 17175 per tonne, down RMB 400 per tonne and RMB 375 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi reduced to stand at RMB 17200 per tonne, RMB 17210 per tonne, RMB 17230 per tonne, and...
Three-month LME aluminium fell 0.15% to close at US$2,274 per tonne on Monday. SMM expects the contract to trade between US$2,250-2,280 per tonne today. As of Monday, March 22, LME aluminium cash (bid) price stands at US$ 2254 per tonne, LME official settlement price stands at US$ 2254 per tonne; 3-months bid price stands at US$ 2282.50 per tonne, 3-months offer price is US$ 2282.50 per tonne; Dec 22 bid price stands at US$ 2296 per tonne, and Dec 22 offer price stands at US$ 2296 per tonne. The LME aluminium opening stock stood at 1964025 tonnes. Live Warrants totalled 1299175 tonnes, and Cancelled Warrants were 664850 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2256.52per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE decreased to stand...
AlCircle’s next big program is the virtual event - “AlCircle Expo 2021” , which is forthcoming on 29-30 June 2021. Followed by the mega-success of “Global Aluminium EXPO 2020”, AlCircle is planning to host an event that is not just big in scale but also has advanced digital tools to facilitate greater interactivity between all participants. Regardless we are still deploying ourselves to the new normal life, but “AlCircle EXPO 2021” virtual meet remains consistent to bring the global aluminium industry leaders and partners from the entire value chain under one roof. A few days back we had announced ‘Registration is live’ and now we encourage the organisations to “Book your Booth now! Avail the early bird discount”, visit alcircleevents.com “AlCircle EXPO 2021” , where the virtual...
In February 2021, world primary aluminium production plunged by 8.83 per cent month-on-month to stand at 5.203 million tonnes, bringing the total output in the first two months of the year to 10.930 million tonnes, found the International Aluminium Institute. In January 2021, world primary aluminium production saw a marginal rise of 0.23 per cent from 5.694 million tonnes in December 2020 to 5.707 million tonnes. On a year-on-year calculation, world primary aluminium production in February 2021 stood 1.25 per cent higher than 5.139 million tonnes, while the output during January-February stood up by 3.01 per cent from 10.611 million tonnes. In China, primary aluminium production in February 2021 stood at 3.017 million tonnes versus 3.320 million tonnes in January 2021 and 2.9 million...
China Hongqiao Group will publish this year its lower carbon emission target along with the action plan on how to achieve it, according to a report last week after the world’s largest private-sector aluminium producer’s chairman Zhang Bo revealed at the China Development Forum that the firm would announce its goals and plans for carbon reduction later in the year. “We hope to explore specific paths and methods for the low-carbon transformation of China’s aluminium industry,” he said as quoted by Reuters. Hongqiao has already started working with some of the top domestic and international institutions to formulate its carbon-reduction plan as it is under tremendous pressure to begin reducing emissions before 2030 and become carbon neutral by 2060. According to an independent climate and...
According to a recent report, Vedanta Aluminium, India’s largest producer of aluminium and value-added products, has won three Kalinga Safety Excellence Awards for the performance year 2019 at Odisha State Safety Conclave 2020. Vedanta’s Jharsuguda unit has bagged the coveted Gold Award for safe operation at Thermal Power Plant (TPP) and Bronze Award for Smelter and Captive Power Plant (CPP). Lanjigarh alumina refinery has also received the Gold Award for safety performance. Kalinga Safety Award is one of the most prestigious awards in India, promoting a safety-first culture among the industries and recognising those enterprises that make significant efforts towards safety performance. Vedanta received the awards from Dr Surya Narayan Patro, Hon’ble Speaker of Odisha Legislative Assembly,...
SMM aluminium ingot price marked a growth after a drop on Friday. The aluminium price increased by RMB 140 per tonne from Friday’s price of RMB 17400 per tonne to RMB 17540 per tonne on Monday, 22 March 2021. It is expected to move within a range of RMB 17520-17560 per tonne. In Foshan and Wuxi, the price rose by RMB 140 per tonne and RMB 115 per tonne to stand at RMB 17540 per tonne on Monday. Their average prices are expected to range within RMB 17520-17560 per tonne and RMB 17530-17540 per tonne. Aluminium prices in Hangzhou and Chongqing were RMB 17585 per tonne and 17550 per tonne, up RMB 120 per tonne and RMB 195 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi increased to stand at RMB 17565 per tonne, RMB 17540 per tonne, RMB 17550 per tonne, and RMB 17410...
Three-month LME aluminium rose 2.82 per cent to close at US$ 2,277.50 per tonne on Friday. It is expected to fluctuate between US$ 2,190-2,220 per tonne today. LME aluminium stocks increased nearly 70,000 tonnes to 1.97 million tonnes. The contract is expected to fluctuate at US$ 2,200-2,270 per tonne in the near term. LME aluminium cash (bid) price and LME official settlement price decreased for the second consecutive day on Friday, March 19, to stand at US$ 2188 per tonne. 3-months bid price and 3-months offer price stood at US$ 2223 per tonne, down by US$ 3.5 per tonne from US$ 2226.50 per tonne on March 18. Dec 22 bid price and Dec 22 offer price, however, increased from US$ 2250 per tonne on March 18 to US$ 2255 per tonne on March 19. The LME aluminium opening stock soared by 69975...
On 18 th March 2021, Tajik Aluminum Company, TALCO, the Eurasian Development Bank (EDB) and export insurance company, KazakhExport signed an MoU for attracting financing for TALCO under KazakhExport insurance coverage in order for TALCO to procure products from Kazakhstan required for the production of aluminium. The largest industrial enterprise in Tajikistan, TALCO is a 100% state-run company, whereas, KazakhExport is a subsidiary organisation for the promotion of the exports of Baiterek National Management Holding’s non-primary goods and services. The MoU underwrites that KazakhExport is all set to deliver EDB insurance coverage for up to $15 million under an EDB loan for TALCO to recharge the Tajik aluminium producer’s working capital for purchasing products made by Kazakh...
National Aluminium Company Limited has raised its aluminium ingot and aluminium products prices after reducing them by INR 3,400 per tonne about three weeks ago. With effect from Saturday, March 20, NALCO’s aluminium ingot price has come in at INR 183,350-186,850 per tonne, up by INR 1,500 per tonne from INR 181,850 – 185,350 per tonne on March 1. NALCO’s aluminium billets price is currently standing at INR 186,800-189,450 per tonne compared to INR 185,300 – 187,950 per tonne last time. This also reflects a surge of INR 1,500 per tonne or 0.80 per cent. With the latest hike, NALCO’s aluminium wire rod price is ranging between INR 186850- 191200 per tonne as of March 20 versus INR 185,350 – 189,700 per tonne on March 1. NALCO, like any other Indian aluminium producers, links its aluminium...
SMM aluminium ingot price started the week with a hike of RMB 250 per tonne on Monday, March 15 2021 to RMB 17620 per tonne. The price on Wednesday stood lower by RMB 230 per tonne to RMB 17530 per tonne, from Tuesday’s price of RMB 17760 per tonne. The aluminium price closed the week lower at RMB 17400 per tonne on Friday, March 19 2021. According to the Shanghai Metals Market, social inventories of primary aluminium expanded by 22,000 tonnes across eight major consumption areas in China, including SHFE warrants. Thus, the stocks this week, as of March 18, came in at 1.25 million tonnes, compared to 1.23 million tonnes on March 11. The alumina price in China remained unchanged this week. The average spot alumina price increased by RMB 6 per tonne on Friday, March 19 2021 after nine days...
The British commodity tycoon, Sanjeev Gupta's GFG Alliance in 2018, obtained a loan from Singaporean multinational commodity trading company, Trafigura by agreeing with a six-year deal to sell aluminium to the world’s leading independent commodity trader at a discount to market prices, as it has been confirmed from the two industry professionals with direct knowledge of the agreement. The loan was materialised to support purchase financing of Europe's largest aluminium smelter at Dunkirk, France, by GFG's Liberty House in December 2018, as per the sources. The industry experts also added: “The agreement, which has not previously been made public, suggests that the Dunkirk plant is less exposed to wider financing problems faced by GFG Alliance because, unlike other parts of the...
Three-month LME aluminium edged 2.23 per cent higher on Monday, March 15, to close at US$ 2220 per tonne but fell the next day, March 16, by 1.1 per cent to come in at US$ 2195 per tonne, with open interest rising to 744,000 lots. On Wednesday, the price again rose to 1.66 per cent to US$ 2232 per tonne; however, declined on Thursday to US$ 2115 per tonne. LME aluminium cash (bid) price and LME official settlement price increased this week during March 15-19 but range-bound. Starting the week on Monday, March 15, at US$ 2184.50 per tonne, the prices on March 16 declined US$ 10 per tonne to stand at US$ 2174.50 per tonne. However, on March 17, both LME aluminium cash (bid) price and LME official settlement price rebounded to US$ 2,202.50 per tonne, reflecting a hike of US$ 28 per tonne. On...
Norwegian aluminium and renewable energy company Hydro has reportedly appointed Therese Rød Holm as Head of Communication and Public Affairs. Holm will replace Inger Sethov with effect from May 1, as the latter will resign from Hydro to pursue new opportunities. Holm, in her new position as Head of Communication and Public Affairs, will report directly to President and CEO Hilde Merete Aasheim. Holm joined Hydro in 2014, and since then, she has been leading several senior positions both in Hydro Group and Hydro Extrusions. Besides, she also worked with other large companies across all main disciplines of communication and public affairs. Therese Rød Holm served the world’s leading seafood company Marine Harvest, now Mowi, as a communication manager during 2003-2011. Later she worked for...
Rusal’s primary aluminium and alloys sales in 2020 ended on December 31 stood at 3.926 million tonnes, reflecting a downfall of 5.99 per cent from 4.176 million tonnes a year ago. In the first half of the year ended on June 30, the sales hovered around 1.890 million tonnes, which improved by 7.7 per cent in the second half of 2020 to 2.036 million tonnes. However, on a year-on-year calculation, the sales in H2 registered a decline of 7.4 per cent from 2.198 million tonnes. This led to the downfall in company’s revenue for the full-year from US$ 9,711 million in 2019 to US$ 8,566 million. This was also due to a 5 per cent decrease in the average LME aluminium price from US$ 1,792 per tonne in 2019 to US$ 1,702 per tonne in 2020. Rusal’s profit for 2020 also decreased by 20.9 per cent...
Three-month LME aluminium fell 0.76% to close at US$2,115 per tonne on Thursday, with stocks falling to 1,897,300 lots. SMM expects the contract to trade between US$2,190-2,220 per tonne today. As of Thursday, March 18, LME aluminium cash (bid) price stands at US$ 2192 per tonne, LME official settlement price stands at US$ 2192per tonne; 3-months bid price stands at US$ 2226.50 per tonne, 3-months offer price is US$ 2226.50 per tonne; Dec 22 bid price stands at US$ 2250 per tonne, and Dec 22 offer price stands at US$ 2250 per tonne. The LME aluminium opening stock stood at 1897300 tonnes. Live Warrants totalled 1514975 tonnes, and Cancelled Warrants were 382325 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2214.68per tonne. SHFE Aluminium Price Trend Benchmark...
