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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A00 aluminium ingot price has increased further for the third consecutive day to exceed RMB 15,500 per tonne, as of Monday, February 8, found the Shanghai Metals Market. Data shows the price is standing at RMB 15,600 per tonne witnessing a growth of RMB 90 per tonne. The average prices are expected to range between RMB 15,580 per tonne and RMB 15,620 per tonne, with spot contract to be traded at a premium price of RMB 50-10 per tonne, up by RMB 20 per tonne from the previous day. In Foshan, A00 aluminium ingot price has grown the highest by RMB 150 per tonne to RMB 15,620 per tonne, followed by the surge of RMB 110 per tonne in Wuxi and Hangzhou to stand at RMB 15,580 per tonne and RMB 15,605 per tonne, respectively. In Gongyi and Shenyang, primary aluminium ingot price has witnessed a...
Three-month LME aluminium advanced 1.23 per cent to settle at US$ 2,019 per tonne last Friday, February 5, with open interest decreasing 3,086 lots to 725,000 lots. LME aluminium cash (bid) price and LME official settlement price continued to grow to close the last week ending on Friday, January 5, at US$ 2007.50 per tonne. This recorded the third consecutive day of hike by US$ 28 per tonne from the previous day’s price of US$ 1979.50 per tonne. 3-months bid price and 3-months offer price stood at US$ 2012 per tonne, also up by US$ 28 per tonne from US$ 1984 per tonne. Dec 21 bid price and Dec 21 offer price came in at US$ 2090 per tonne. The LME aluminium opening stock decreased from 1415125 tonnes on February 4 to 1406525 tonnes on February 5. Live Warrants totalled 1173400 tonnes,...
Africa is one of the largest producers of aluminium ore BAUXITE. African nation Guinea stands as the world’s highest exporter of bauxite and ranks at number two in bauxite production. The other African countries producing bauxite are Ghana, Cameroon, Mozambique, Ivory Coast, etc. Although having a huge amount of bauxite deposits in Africa, the region remains deprived in the production of aluminium due to irregular power supply, obstruction in financial investments and modernization, unstable political scenario and lack of professionalism. There are multiple numbers of aluminium smelter scattered all around the continent, but most of the smelters failed to reach its actual production capacity and few also took steps to close down like Bayside Aluminium in South Africa and Alscon in...
National Aluminium Company Limited has reduced its aluminium ingot and aluminium products prices this week, with effect from Friday, February 5. NALCO’s aluminium ingot price has thus come in at INR 167,650-171,150 per tonne, down by INR 1,600 per tonne from INR 169,250-172,750 per tonne on last Thursday, January 28. NALCO’s aluminium wire rod price is standing at INR 171,150-175,500 per tonne, recording a decrease of INR 1,600 per tonne from INR 172,750 – 177,100 per tonne. Aluminium billets price has been cut by the same amount from INR 172,700 – 175,350 per tonne to INR 171,100 – 173,750 per tonne. NALCO, like any other Indian aluminium producers, links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which after...
Vedanta Limited increased its aluminium ingot and aluminium products prices back-to-back on February 5 and 6, in line with LME aluminium price hike. On February 5, the company raised its aluminium ingot price by INR 1,500 per tonne from INR 165,500-178,500 per tonne to INR 167,000-180,000 per tonne. The next day, on February 6, the price rose further by INR 2,250 per tonne to come in at INR 169,250-182,250 per tonne. Aluminium wire rod price also gained INR 1,500 per tonne on Friday, February 5, to come in at INR 174,500-182,000 per tonne compared to INR 173,000-180,500 per tonne on February 3. On February 6, the price clocked at INR 176,750-184,250 per tonne, registering an increase of INR 2,250 per tonne from the previous day. Vedanta’s aluminium billets price on February 5 stood at INR...
Three-month LME aluminium stood a two-week low at US$ 1960.50 per tonne on Monday, February 1. On Tuesday, it gained 0.54 per cent to settle higher at US$ 1971 per tonne. It further firmed 0.28 per cent to end at US$ 1,976.50 per tonne on Wednesday and also grew 0.91 per cent to close at US$ 1,994.50 on Thursday, February 4. LME aluminium cash (bid) price and LME official settlement price started the week on Monday, February 1, with a drop of US$ 1.5 per tonne to stand at US$ 1985.50 per tonne. The prices extended the decrease by US$ 27.50 per tonne on Tuesday, February 2, to come in at US$ 1958 per tonne. The next day, on February 3, they gained US$ 15 per tonne to peg at US$ 1973 per tonne and further US$ 6.5 per tonne on February 4 to US$ 1979.50 per tonne. Both LME aluminium cash...
India’s largest producer of aluminium and value-added products, Vedanta Aluminium’s Jharsuguda plant has bagged the ‘Best Exporter’ Award for the years 2017-18 & 2018-19 at the Odisha State Export Award. Directorate of Export Promotion & Marketing (DEPM), Odisha organized the event and the awards were presented to the company in a virtual ceremony which was chaired by the Hon’ble Chief Minister of Odisha, Naveen Patnaik. On behalf of Vedanta, GG Pal, Chief Operating Officer – Metal, received the award. The Jharsuguda plant was rewarded for being the biggest exporter from the state of Odisha consecutively for two years, 2017-18 and 2018-19. The aluminium smelter at Jharsuguda produces a line-up of top-of-the-line products such as Ingots, Billets, Wire Rods, Primary Foundry Alloy (PFA),...
Hindalco Industries Limited has raised its aluminium ingot and aluminium products prices with effect from Friday, February 5, after reducing them for the past two consecutive times. The company has revealed that it is now selling its aluminium ingot at INR 167,250 per tonne compared to INR 165,750 per tonne as of February 3. This registers an increase of INR 1,500 per tonne in Hindalco’s aluminium ingot price on February 5. With the latest price change, Hindalco’s aluminium wire rod price has also rebounded by INR 1,500 per tonne from INR 176,850 per tonne on February 3 to INR 178,350 per tonne on February 5. Aluminium billets price has come in at INR 174,350 per tonne, up by INR 1,500 per tonne as well from INR 172,850 per tonne. Hindalco Industries Limited links the prices of its...
Century Aluminum Company has concluded the sale of 150,000 metric tonnes of Natur‐Al™ aluminium over five years to Austrian firm Hammerer Aluminium Industries (HAI). Natur‐Al™ products are produced with energy from 100% renewable sources at Century’s Norðurál Grundartangi aluminium plant in Iceland, while the product line has been in development over several years it was officially inaugurated in 2020. The aluminium will be supplied to Hammerer by Glencore. Natur‐Al™ aluminium has direct CO₂ levels below two tonnes of CO₂ per tonne of aluminium – one of the lowest CO₂ footprints in the world for the metal. The total CO₂ footprint is four tonnes per tonne of aluminium, less than one‐quarter of the industry average. To achieve these levels requires strict adherence to the highest standards...
According to the Shanghai Metals Market, A00 aluminium ingot price has extended its growth by RMB 160 per tonne to close the week on Friday, February 5, at RMB 15,510 per tonne. The average prices are expected to range between RMB 15,490 per tonne and RMB 15,530 per tonne, with spot contract to be traded at a premium price of RMB 70-30 per tonne, down by RMB 50 per tonne from the previous day. In Foshan and Chongqing, primary aluminium ingot price has increased by RMB 170 per tonne to RMB 15,470 per tonne and RMB 15,500 per tonne, respectively, while the price in Gongyi, Tianjin, and Linyi has climbed by RMB 140 per tonne to come in at RMB 15,370 per tonne, RMB 15,450 per tonne, and RMB 15,530 per tonne, respectively. In Shenyang and Wuxi, primary aluminium ingot price has surged by RMB...
Three-month LME aluminium increased 0.91 per cent to close at US$ 1,994.50 per tonne on Thursday, February 4, with open interest decreasing 4,593 lots to 728,000 lots. LME aluminium cash (bid) price and LME official settlement price further witnessed a hike, albeit slower than the previous day, by US$ 6.5 per tonne to stand at US$ 1979.50 per tonne on Thursday, February 4. 3-months bid price and 3-months offer price stood at US$ 1984 per tonne, up by US$ 12 per tonne from US$ 1972 per tonne. Dec 21 bid price and Dec 21 offer price came in at US$ 2067.50 per tonne. The LME aluminium opening stock decreased from 1425225 tonnes on February 3 to 1415125 tonnes on February 4. Live Warrants totalled 1174675 tonnes, while Cancelled Warrants stood at 240450 tonnes. LME aluminium 3-months Asian...
The Bank of Central African States reported that while presenting the evolution of prices of the main commodities exported to CEMAC region - Cameroon, Central African Republic, Congo, Gabon, Equatorial Guinea and Chad to the Q4’20, only Cameroon exports aluminium. According to the 2020 monetary programming data, Cameroon exported 49,300 tonnes of aluminium, with a unit price of CFA franc 1,096,600 per tonne. This amounts to a value of 54 billion CFA franc collected by Cameroon in the sale of this metal, which is majorly used in construction, the manufacture of cars or planes, high voltage lines, but also in food packaging. Cameroon's performance in 2020 is down, as compared with the previous year when the country produced nearly 52,000 tonnes of aluminium, a drop of 2,700 tonnes between...
According to Shanghai Metals Market, social inventories of primary aluminium have built-up 32,000 tonnes week-on-week across eight major consumption areas in China, including SHFE warrants. Data shows the inventories are standing at 714,000 tonnes as of February 4, the highest since October 15, 2020. Last week, on January 28, primary aluminium inventories came in at 682,000 tonnes, gaining 13,000 tonnes over the week. This shows the hike in primary aluminium inventories has expanded by 19,000 tonnes this week, ending on Thursday, February 4. The chart below indicates the current status of primary aluminium inventories across China in more details: In Gongyi and Hangzhou, primary aluminium inventories increased 18,000 tonnes and 10,000 tonnes, respectively, to come in at 87,000 tonnes and...
A00 aluminium ingot price has soared by RMB 320 per tonne to stand at RMB 15,350 per tonne on Thursday, February 4, following a plunge of RMB 160 per tonne to RMB 15,030 per tonne on February 3, found Shanghai Metals Market. The average prices are expected to range between RMB 15,330 per tonne and RMB 15,370 per tonne, with spot contract to be traded at a premium price of RMB 20-20 per tonne. In Gongyi, primary aluminium ingot price has jumped by RMB 350 per tonne to RMB 15,230 per tonne, while the price in Wuxi, Hangzhou, and Chongqing has increased by RMB 335 per tonne to come in at RMB 15,355 per tonne, RMB 15,385 per tonne, and RMB 15,330 per tonne, respectively. In Shenyang and Linyi, A00 aluminium ingot price has surged by RMB 320 per tonne and RMB 310 per tonne to RMB 15,350 per...
Three-month LME aluminium firmed 0.28 per cent to end at US$ 1,976.50 per tonne on Wednesday, February 3, with open interest decreasing 1,780 lots to 733,000 lots. LME aluminium cash (bid) price and LME official settlement price gained US$ 15 per tonne to stand at US$ 1973 per tonne on Wednesday, February 3. 3-months bid price and 3-months offer price stood at US$ 1972 per tonne, up by US$ 9.50 per tonne from US$ 1962.50 per tonne. Dec 21 bid price and Dec 21 offer price came in at US$ 2054.50 per tonne. The LME aluminium opening stock increased to 1425225 tonnes on February 3 from 1421725 tonnes on February 2. Live Warrants totalled 1173450 tonnes, while Cancelled Warrants at 251775 tonnes. LME aluminium 3-months Asian Reference Price hovered around US$ 1964.10 per tonne. SHFE Aluminium...
Vedanta Limited decreased its aluminium ingot and aluminium products prices for the second time in a row with effect from Wednesday, February 3. The company is currently selling its aluminium ingot at INR 165,500-178,500 per tonne, down by INR 1,750 per tonne or 1.05 per cent from INR 167,250-180,250 per tonne on last Friday, January 29. Vedanta’s aluminium wire rod price has come in at INR 173,000-180,500 per tonne after being cut by INR 1,750 per tonne as well. On Friday, January 29, Vedanta’s aluminium wire rod price stood at INR 174,750-182,250 per tonne, down by INR 2,250 per tonne from INR 177,000-184,500 per tonne on January 26. Vedanta’s aluminium billets price is hovering around INR 173,500 per tonne versus INR 175,250 per tonne last Friday. Vedanta Limited links the prices of...
The United States domestic primary aluminium production stood at 74,000 tonnes in November 2020, registering a drop of 1,000 tonnes or 1.33 per cent from 75,000 tonnes in October, found the US Geological Survey. The average daily production in the same month was 2,450 tonnes, slightly less than in October 2020, 18 per cent less than in November 2019, and 16 per cent less than in November 2018, as shown in the table below. Total aluminium recovered from scrap in November 2020 amounted to 264,000 tonnes, 5 per cent less than in October 2020 and in November 2019. Of this, 141,000 tonnes of aluminium was recovered from new scrap and 122,000 tonnes from old scrap. In November 2020, the United States average spot market price of primary aluminium ingot was $1.01 per pound, up 7 per cent...
On 3 rd February 2021, Emirates Global Aluminium, Mubadala and Dubal Holding accomplished a major milestone with the first firing of the Siemens Energy H-class gas turbine at a new AED 1 billion state-of-the-art power plant under development at EGA’s Jebel Ali site. The Siemens Energy H-class gas turbine, a leading technology in efficient power generation, is the heart of the new power plant. Over the coming months, other facilities of the plant will be completed and integrated to achieve a generation capacity of over 600 megawatts of electricity. However, full completion of the project is expected in the summer. The new power block at EGA is being developed by JA Power & Water Co, a joint venture formed by Mubadala and Dubal Holding. EGA intends to purchase power from the joint venture...
