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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The Dutch Aluminium Association (DAA) has joined ASI as a new Associations member. This brings the total number of ASI Members to 159. “We have joined ASI to build a strong and international network and to join forces to promote the aluminium industry, application possibilities, as well as the distinctive properties of the material,” said Bert Faessen and Claudia Willems Setormanagers DAA. The Dutch Aluminium Association (DAA) represents the collective interests of companies who produce, trade and process aluminium and their specific suppliers. DAA also has several objectives that contribute to a stronger position within the metalworking sector. DAA missions are to look after the interests of the aluminium industry in collaboration with its members. The DAA stimulates the use and...
On Monday, February 22, social inventories of primary aluminium expanded by 121,000 tonnes across eight major consumption areas in China, including SHFE warrants, found the Shanghai Metals Market. SMM data showed inventories stood at 1.022 million tonnes on February 22 compared to 901,000 tonnes on February 18. Higher arrivals of stocks to Wuxi, Nanhai, and Gongyi primarily contributed to the increase in primary aluminium inventories on February 22. The chart below indicates the current status of primary aluminium inventories across China in more details: Wuxi saw the highest growth in inventories of 70,000 tonnes to stand at 378,000 tonnes on February 22, followed by the hike of 27,000 tonnes in Nanhai to 233,000 tonnes. In Gongyi, primary aluminium inventories rose 19,000 tonnes to...
SMM aluminium ingot price has edged higher by RMB 50 per tonne to stand at RMB 16780 per tonne on Tuesday, 23 February 2021, from its previous price of RMB 16730 per tonne on February 22. The price is expected to range at RMB 16760-16800 per tonne. In Foshan and Wuxi, the price has increased by RMB 50 per tonne and RMB 40 per tonne to stand at RMB 16780 per tonne and RMB 16800 per tonne. Their average prices are expected to range within RMB 16760-16800 per tonne and RMB 16790-16810 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 16820 per tonne and RMB 16770 per tonne, up RMB 45 per tonne and RMB 60 per tonne. Aluminium ingot prices in Shenyang, Tianjin, and Linyi have hiked to stand at RMB 16785 per tonne, RMB 16750 per tonne, and RMB 16730 per tonne. Aluminium Alloy...
Three-month LME aluminium gained 1.83 per cent to settle at US$ 2,175 per tonne on Monday, with open interest adding 4,910 lots to 694,000 lots. LME aluminium cash (bid) price and LME official settlement price grew by US$ 18.50 per tonne on Monday, February 22 to reach at US$ 2153.50 per tonne, following a decline from US$ 2147 per tonne to US$ 2135 per tonne on Friday, February 19. 3-months bid price and 3-months offer price rebounded to US$ 2161.50 per tonne from US$ 2150.50 per tonne on Friday. Dec 22 bid price and Dec 22 offer price hovered around US$ 2211 per tonne, up by US$ 11.50 per tonne from the previous day. The LME aluminium opening stock decreased from 1354150 tonnes to 1349150 tonnes on February 22. Live Warrants totalled 1128100 tonnes, while Cancelled Warrants stood at...
World primary aluminium production began the year 2021 with a slight rise of 0.23 per cent month-on-month to 5.707 million tonnes in January. On a year-on-year calculation, the output stood higher by 4.29 per cent from 5.472 million tonnes. In December 2020, world primary aluminium production stood at 5.694 million tonnes, up by 3.41 per cent from 5.506 million tonnes in November. China, the highest primary aluminium producer in the world, churned out the same amount of primary aluminium in January 2021 as in the previous month at 3.3 million tonnes. On a year-on-year basis, the production in January this year stood 6.9 per cent higher than 3.087 million tonnes. Followed by China, the GCC countries were the second highest producer of primary aluminium in January 2021. They produced...
Rio Tinto’s Tiwai aluminium smelter has stockpiled greater than 100,000 tonnes of cyanide-laced hazardous waste lower than 100 metres from a fast-eroding Bluff beach. The federal government stated earlier this month it remained “utterly blind” about what contamination the closure of the smelter at Tiwai Level may go away behind. Spent cell liner waste incorporates hazardous chemical compounds together with fluoride and cyanide, and produces explosive gases when blended with water. It’s generally referred to as SCL, Spent Pot Lining or SPL. A consultant for the NAZAS stated in 2010 it had stockpiled 186,000 tonnes of waste. The smelter has not disclosed how a lot it has now, however since then it’s estimated it might have produced about one other 80,000 tonnes, or 1 / 4 of 1,000,000 tonnes...
Benchmark aluminium price on London Metal Exchange decreased by 0.56% to US$ 2135 per tonne on Friday, February 19, from US$ 2147 per tonne on Thursday. As of Friday, February 19, LME aluminium cash (bid) price stands at US$ 2135per tonne, LME official settlement price stands at US$ 2135 per tonne; 3-months bid price stands at US$ 2150.50 per tonne, 3-months offer price is US$ 2150.50per tonne; Dec 22 bid price stands at US$ 2199.50 per tonne, and Dec 22 offer price stands at US$ 2199.50per tonne. The LME aluminium opening stock stood at 1354150 tonnes. Live Warrants totalled 1127875 tonnes, and Cancelled Warrants were 226275 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2144.01per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to...
According to the Shanghai Metals Market, A00 aluminium ingot price has continued to surge by RMB 300 per tonne on Monday, February 21, to stand at RMB 16,730 per tonne, the highest since the beginning of 2021. The average price are expected to range between RMB 16,710 per tonne and RMB 16,750 per tonne, with spot contract to be traded at a premium price of RMB 0-40 per tonne, up by RMB 20 per tonne from the previous day. In Linyi, A00 aluminium ingot price has increased the highest by RMB 340 per tonne to come in at RMB 16,690 per tonne, followed by the hike of RMB 335 per tonne and RMB 330 per tonne in Hangzhou and Shenyang to stand at RMB 16,775 per tonne and RMB 16,715 per tonne, respectively. In Foshan and Wuxi, primary aluminium ingot price has grown by RMB 320 per tonne to RMB...
The global leader of low carbon aluminium producer, Rusal has agreed to a loan amount of $200 million with the interest subject to a discount or a premium depending on the firm's achievement of key sustainability performance measures. En+ Group, which holds a controlling stake in Rusal and produces aluminium using its independent hydropower plants, said: “The key performance indicators were still to be agreed, but confirmed proceeds from the sustainability-linked credit facility would be used to refinance more expensive debt.” “The loan is secured by the assignment of proceeds from off-take contracts, including those for low carbon aluminium produced under Rusal's brand Allow”, the Group added. However, the Russian low carbon aluminium producer claims the smelters which manufacturers...
The two largest and popular trade unions of Spain, the Podemos-affiliated Workers’ Commissions (CCOO) and Socialist Party (PSOE)-affiliated General Union of Workers (UGT) have withdrawn the four-month strike at Alcoa’s San Cibrao aluminium plant in Spain’s North-eastern region of Galicia. The unions moved to call-off as it coincided with an international upsurge of struggles against wage cuts, job losses and the ruling class’ “herd immunity” policy. The unions called the strike as it opposed the decision of Alcoa, the world’s third-largest aluminium producer, headquartered in Pittsburgh, USA, to shut down it’s this smelting plant in Spain and lay-off all 530 workers, while another 1,500 indirect jobs were affected. Alcoa has pulled down or sold 18 aluminium factories worldwide since 2008,...
Benchmark aluminium price on the London Metal Exchange increased by 2.69 per cent throughout the week during February 15-19, 2021. Both LME aluminium cash (bid) price and LME official settlement price recorded a surge during February 15-19 from US$ 2079 per tonne to US$ 2135 per tonne – an increase of US$ 56 per tonne. However, on Tuesday, February 16, the prices dipped by US$ 2 per tonne from US$ 2079 per tonne on Monday to US$ 2077 per tonne. On Wednesday, they hiked to US$ 2096.50 per tonne, which further expanded by US$ 50.50 per tonne to reach at US$ 2147 per tonne on Thursday, February 18. On Friday, February 19, LME prices shredded US$ 12 per tonne to close the week at US$ 2135 per tonne. 3-months bid price and 3-months offer price ranged between US$2082.50 per tonne and US$...
South32 published results for the half year ended 31 December 2020 (H1 FY21). The Group reported statutory profit after tax of US$53M in H1 FY21, a drop of US$46M from last year. Underlying EBITDA stood at US$633M, down 7 per cent from US$678M in H1 FY20. “As we continue to navigate the uncertainties created by the COVID-19 pandemic, our focus remains on keeping our people safe and well, maintaining safe and reliable operations and supporting our communities,” said Graham Kerr, South32 CEO. “During this period of volatility, we have focused on what we can control, delivering a strong operating result, including record production at Worsley Alumina, Brazil Alumina and Australia Manganese, supporting lower Operating unit costs at the majority of our operations during the half.” Group...
National Aluminium Company Limited (NALCO) has continued to increase its aluminium ingot and aluminium products prices for the third time in a row, with effect from Friday, February 19. NALCO is currently selling its aluminium ingot at INR 179,850 – 183,350 per tonne compared to INR 174,450 - 177,950 per tonne on February 13. This reflects a surge of INR 5,400 per tonne or 3.1 per cent. NALCO’s aluminium wire rod price has come in at INR 183,350 – 187,700 per tonne, also up by INR 5,400 per tonne from INR 177,950 - 182,300 per tonne a week ago. Aluminium billets price is hovering around INR 183300 – 185950 per tonne in comparison with INR 177,900 - 180,550 per tonne on February 13. NALCO, like any other Indian aluminium producers, links its aluminium ingot and aluminium products prices to...
US-based primary aluminium producer Century Aluminum Company has announced its fourth-quarter and full-year results of 2020, revealing a drop of 1 per cent in net sales in Q4 2020 to US$ 389.1 million from US$ 392.9 million in Q3 2020. That was primarily due to the decline in shipments from 203,022 tonnes in Q3 to 194,940 tonnes in Q4, however, partially offset by higher aluminium prices. Net sales in the full-year decreased US$ 231.50 million or 12.60 per cent from US$ 1,836.6 million in FY19 to US$ 1,605.1 million in FY20, despite shipments stood flat year-on-year at 811,176 tonnes compared to 811,244 tonnes. Century reported a net loss of US$ 35.5 million in Q4 2020, an improvement of US$ 22.7 million sequentially owing to higher metal prices. However, in the full-year, the company’s...
Rio Tinto has reported the full-year results of 2020, revealing a strong performance and successful response to the COVID-19 pandemic. Its net earnings grew year-on-year by 22 per cent from US$ 8,010 million to US$ 9,769 million, while its net cash generated from operating activities increased 6 per cent from US$ 14,912 million to US$ 15,875 million driven by robust operating performance. Consolidated sales revenue saw a hike of 3 per cent at the end of 2020 from US$ 43,165 million in 2019 to US$ 44,611 million. Underlying EBITDA grew 13 per cent year-on-year from US$ 21,197 million to US$ 23,902 million, attributing to the agility and resilience of the business and employees, coupled with strong commodity prices, noted Rio Tinto’s Chief Executive Jakob Stausholm. Mr Stausholm said,...
The LME complex performed similarly on Thursday, with aluminium increased 1.35 per cent. Benchmark aluminium price on the London Metal Exchange edged 2.41 per cent higher on Thursday, February 18. LME aluminium cash (bid) price and LME official settlement price continued to increase to reach at US$ 2147 per tonne on Thursday, February 18, from US$ 2096.50 per tonne on Wednesday. 3-months bid price and 3-months offer price came in at US$ 2161 per tonne, soaring by US$ 57.50 per tonne from the previous day. Dec 21 bid price and Dec 21 offer price hovered around US$ 2209.50 per tonne. The LME aluminium opening stock decreased from 1365375 tonnes to 1360850 tonnes on February 18. Live Warrants totalled 1131850 tonnes, while Cancelled Warrants stood at 229000 tonnes. LME aluminium 3-months...
On 18 th February 2021, Naveen Patnaik, the Chief Minister of India’s eastern state Odisha, stated that his state has the prospect to emerge as a global hub in aluminium and other mining industries. During the inauguration ceremony of the two iron ore mines at Guali and Jilling in Keonjhar district, Naveen Patnaik delivered his words along with Pralhad Joshi, Union Minister of Coal and Mines in virtual mode. Patnaik said: “He is hopeful that the quick operationalization of OMCs mines will meet the requirement of the metal market and bring positive changes in the supply situation.” Patnaik said: “Odisha has always taken early initiatives especially in the mining sector and supported reforms. Odisha government has rolled out helpdesk and feedback system under 5T initiative for ease of doing...
According to the Shanghai Metals Market, social inventories of primary aluminium have expanded by 126,000 tonnes during the Chinese New Year Holiday ended on February 17, 2021. SMM data shows that as of Thursday, February 18, the inventories are standing at 901,000 tonnes across the eight major Chinese consumption areas, including SHFE warrants, in comparison with 775,000 tonnes on last Wednesday, February 10. Last week, China’s primary aluminium inventories built up 61,000 tonnes week-on-week, primarily attributing to the increase of stocks in Wuxi, Hangzhou, and Gongyi. The chart below indicates the current status of primary aluminium inventories across China in more details: In Wuxi and Gongyi, primary aluminium inventories have surged by 42,000 tonnes to come in at 308,000 tonnes and...
