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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Alcoa Corporation signed new agreements with AGL, Alinta Energy and Origin for power supply to its Portland Aluminium Smelter in the Australian state of Victoria. The five-year contracts will commence on August 1, 2021, after its existing agreement with AGL expires on July 31, 2021. “The Australian Federal Government has committed, subject to approval, to provide up to $14.8 (A$19.2) million per year for four years to underwrite the smelter’s participation in the Reliability and Emergency Reserve Trader (RERT) scheme. The arrangement will recognize the smelter’s ability to rapidly shed load when required to help protect the power grid from unexpected interruptions when it is under duress,” Alcoa said. Portland Aluminium Smelter will continue to provide important market stability as more...
Vedanta has registered a hike of 1.32% in its aluminium products price on March18. With effect from Thursday, 18 March 2021, the prices of some aluminium ingots stand at INR 183,750-196,750 per tonne, an increase of 1.32% or INR 2,500 per tonne from INR 181,250-194,250 per tonne on March 17. The company is selling its billet at INR 191,750 per tonne on Thursday, 18 March 2021, indicating a growth INR 2,500 per tonne from INR 189,250 per tonne on March 17. 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...
According to the Shanghai Metals Market, social inventories of primary aluminium have further expanded by 22,000 tonnes across eight major consumption areas in China, including SHFE warrants. Thus, the stocks this week, as of March 18, have come in at 1.25 million tonnes, compared to 1.23 million tonnes on March 11. Last week, the inventories had increased by 55,000 tonnes from 1.17 million tonnes on March 4. The chart below indicates the current status of primary aluminium inventories across China in more details: Primary aluminium inventories have grown the highest in Nanhai by 18,000 tonnes to come in at 332,000 tonnes on March 18, followed by the increase of 6,000 tonnes and 5,000 tonnes in Shanghai and Wuxi to 95,000 tonnes and 468,000 tonnes, respectively. In Hangzhou and Tianjin,...
Hitachi ABB Power Grids in India has received a contract worth over INR 124 crore from Bharat Aluminum Company (BALCO) to strengthen its power infrastructure at its Korba plant in Chhattisgarh. Hitachi ABB Power Grids will supply fully engineered 400-kilovolt gas-insulated switchgear (GIS) substations. This will replace an existing apparatus to better assimilate power from BALCO’s captive generation plants, delivering it with efficiency to the Korba aluminum smelter. The GIS substation saves space by as much as 60 percent compared to conventional switchgear by virtue of its compact, robust and low-maintenance design. The project’s equipment is being manufactured domestically in line with the Government’s Make-in-India drive. This will ensure BALCO’s complex smelting operations run...
Hindalco Industries Limited reduced its aluminium ingot price and aluminium products prices on Wednesday, March 17, soon after raising the prices by INR 3,500 per tonne on Tuesday, March 16. With effect from March 17, Hindalco’s aluminium ingot price came in at INR 183,250 per tonne, down by INR 1,250 per tonne from INR 184,500 per tonne on March 16. The company also cut its aluminium wire rod price by INR 1,250 per tonne on March 17 from INR 195,600 per tonne to INR 194,350 per tonne. With the latest cut, Hindalco’s aluminium billets price is standing at INR 190,350 per tonne as compared to INR 191,600 per tonne on March 16. Hindalco generally links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which on March 16...
SMM aluminium ingot price has inched up by RMB 150 per tonne on Thursday, 18 March 2021. The price now stands at RMB 17680 per tonne from Wednesday’s price of RMB 17530 per tonne. The price is expected to range at RMB 17660-17700 per tonne. In Foshan and Wuxi, the price has risen by RMB 150 per tonne and RMB 135 per tonne to stand at RMB 17680 per tonne and 17665 per tonne. Their average prices are expected to range within RMB 17660-17700 per tonne and RMB 17650-17680 per tonne. Aluminium prices in Hangzhou and Chongqing have come in at RMB 17675 per tonne and 17630 per tonne, up RMB 1735 per tonne and RMB 105 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi have increased to stand at RMB 17650 per tonne, RMB 17650 per tonne, RMB 17620 per tonne, and RMB 17510 per...
Three-month LME aluminium rose 1.66 per cent to close at US$ 2,232 per tonne on Wednesday. Carbon neutralization pushed refined aluminium to industry hotspots, and supply and demand improved on the fundamentals. It is expected that the contract will keep fluctuating at high and trade between US$ 2,210 per tonne and US$ 2,250 per tonne today. LME aluminium cash (bid) price and LME official settlement price gained US$ 31 per tonne or 1.29 per cent on Wednesday, March 17, to stand at US$ 2205.50 per tonne. 3-months bid price and 3-months offer price stood at US$ 2232.50 per tonne, up by US$ 31.50 per tonne from US$ 2201 per tonne on March 16. Dec 22 bid price and Dec 22 offer price increased from US$ 2230 per tonne on March 16 to US$ 2254.50 per tonne on March 17. The LME aluminium opening...
Hydro aims to recycle aluminium directly within the primary production process at its smelters in Norway. This will minimize the company’s industry-leading climate footprint from primary aluminium and increase production through the use of post-consumer scrap. “We are currently piloting this innovative solution at our Høyanger plant. Following this verification, we aspire to apply this approach across our Norwegian smelters – with an initial ambition of adding 10 percent to our total primary production in Norway through post-consumer scrap,” said Head of Primary Production in Hydro Aluminium Ola Sæter. “This would enable us to offer our most climate-conscious customers a new and improved alternative in their sustainability efforts,” Sæter commented. Hydro’s average CO2 emissions are only...
Vedanta has cut its aluminium products price after raising it by INR 3,750 per tonne on March 16. With effect from Wednesday, 17 March 2021, the prices of some aluminium ingots are in the range of INR 181,250-194,250 per tonne, a drop of INR 1,500 per tonne from INR 182,750-195,750 per tonne on March 16. Billet price stands at INR 189,250 per tonne on Wednesday, 17 March 2021. This is a decrease of 0.79% or INR 1,500 per tonne from INR 190,750 per tonne on March 16. 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...
Vedanta has increased its aluminium products price by INR 3,750 per tonne. With effect from Tuesday, 16 March 2021, the prices of some aluminium ingots are in the range of INR 182,750-195,750 per tonne, representing a hike of more than 2% from INR 179,000-192,000 per tonne on March 13. The company’s billet price is currently hovering at INR 190,750 per tonne on Tuesday, 16 March 2021, an increase of 2.01% or INR 3,750 per tonne from INR 187,000 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. Vedanta’s aluminium business typically accounts for one-third of the...
Three-month LME aluminium fell 1.1% to close at US$2,195 per tonne on Tuesday, with open interest rising to 744,000 lots. SMM expects the contract to trade between US$2,150-2,210 per tonne today. As of Tuesday, March 16, LME aluminium cash (bid) price stands at US$ 2174.50 per tonne, LME official settlement price stands at US$ 2174.50 per tonne; 3-months bid price stands at US$ 2201 per tonne, 3-months offer price is US$ 2201 per tonne; Dec 22 bid price stands at US$ 2230 per tonne, and Dec 22 offer price stands at US$ 2230 per tonne. The LME aluminium opening stock stood at 1910650 tonnes. Live Warrants totalled 1586875 tonnes, and Cancelled Warrants were 323775 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2213.25 per tonne. SHFE Aluminium Price Trend Benchmark...
According to the Shanghai Metals Market, A00 aluminium ingot price in China has witnessed a downfall of RMB 230 per tonne after two consecutive days of rise from RMB 17,370 per tonne to RMB 17,760 per tonne. As of today, March 17, the price is standing at RMB 17,530 per tonne, with average prices likely to range between RMB 17,510 per tonne and RMB 17,550 per tonne. The spot contract is expected to trade at a premium price of RMB 50-10 per tonne, up by RMB 10 from the previous day. In Foshan, A00 aluminium ingot price has also declined by RMB 230 per tonne to stand at RMB 17,530 per tonne, while the price in Shenyang has plunged by RMB 210 per tonne to hover around RMB 17,525 per tonne. In Hangzhou and Gongyi, primary aluminium ingot price has decreased by RMB 195 per tonne and RMB 190...
As much as you are looking forward to participate in AlCircle’s forthcoming virtual event - “ AlCircle Expo 2021 ,” we are yearning to welcome you to this Bigger, Better, and Grander programme. On this note, we are elated to announce that Registration is Live Now! Visit alcircleevents.com and get your registration done for absolutely FREE. While we are still positioning ourselves to the new normal life, what remains unchanged in 2021 expo is the virtual meet of the aluminium industry leaders and partners from the entire value chain under one roof. But what new you can expect is more advanced technical support and more enticing digital tools besides video calls, exchange of digital business cards, brochures, product demos, etc., which will enable you to build a stronger network. Scheduled...
The global aluminium industry must reduce greenhouse gas emissions by 77 per cent before 2050, largely by shifting to green electricity, in an attempt to meet climate change goals, said the International Aluminium Institute on Tuesday, March 16. “The challenge for us and for many sectors is reducing those emissions while growing production to meet demand,” said Chris Bayliss, IAI deputy secretary general. Chris Bayliss explained that demand for aluminium would likely expand by 80 per cent to around 180 million tonnes of semi-fabricated products by 2050, driven by the need to cut emissions in industrial sectors such as electric vehicles. But meanwhile, aluminium sector must find ways to reduce CO2 emissions from the current levels of 1.1 billion tonnes to 250 million tonnes, said Bayliss....
On 16 th March 2021, Emirates Global Aluminium, UAE’s one of the largest industrial company and the world’s largest ‘premium aluminium’ producer, reported adjusted Earnings Before Interest, Taxes, Depreciation and Amortisation (adjusted EBITDA) of $1.13 billion for 2020, a 63% increase over 2019. EGA’s smelting EBITDA margin for 2020 ranked as the best worldwide with 23% (2019: 14%) In 2020, EGA curved its aluminium product mix, in response to fluctuating market demand caused by the impact of the COVID-19 pandemic on global manufacturing. However, for the year as a whole EGA maintained its position as the world’s largest ‘premium aluminium’ producer by volume, with sales of value-added products of 1.8 million tonnes or 72% of total sales. EGA sold value-added products in 2020 to more than...
Albras – Alumínio Brasileiro S/A has been certified against ASI Performance Standard and ASI Chain of Custody (CoC) Standard certification for its smelting and casting activities at the Barcarena, Brazil facility. The plant manufactures primary aluminium, as well as aluminium foundry alloy ingots, which are primarily destined for the automotive sector. The ASI Certification program is the only comprehensive voluntary sustainability standard initiative for the aluminium value chain. The program was developed through an extensive multi-stakeholder consultation process. The independent, third-party audits of the ALBRAS facility were carried out by DNV GL. Fiona Solomon, Chief Executive Officer at ASI said, “We sincerely congratulate Albras and its shareholders, Hydro and NAAC, on achieving...
SMM aluminium ingot price hiked by RMB 140 per tonne on Tuesday, 16 March 2021. The aluminium price now stood at RMB 17760 per tonne from Monday’s price of RMB 17620 per tonne. The price is expected to move within a range of RMB 17740-17780 per tonne. In Foshan and Wuxi, the price rose by RMB 140 per tonne and RMB 70 per tonne to stand at RMB 17760 per tonne and 17700 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 17735 per tonne and 17690 per tonne, up RMB 110 per tonne and RMB 95 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi increased to stand at RMB 17735 per tonne, RMB 17690 per tonne, RMB 17660 per tonne, and RMB 17560 per tonne. The aluminium alloy (ADC12) price was up by RMB 100 per tonne to RMB 18100 per tonne on Tuesday, 16 March...
According to the data released by the National Bureau of Statistics, China’s aluminium production gained 8.4 per cent year-on-year in the first two months of 2021, attributing to new capacities and soaring prices. In January and February combined, primary aluminium output in China was 6.45 million tonnes, suggesting a record average daily output at 109,300 tonnes versus 105,400 tonnes in December and beating the previous record of about 106,000 tonnes in November. CRU analyst Wan Ling commented that the rise in China’s primary aluminium production in January and February was mainly due to last year’s capacity increase in the southwestern Yunnan province and Inner Mongolia. In January and February, China added 220,000 tonnes of annual primary aluminium production capacity, all of it in the...
