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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With advent of the New Year 2021, AlCircle has started gearing up for its second virtual event - “ AlCircle Expo 2021 ”. Thanks to our viewers kind support, enormous encouragement, and inspiring feedback that we have planned an online expo yet again. This time it’s going to be Bigger, Better, and Grander. It shall be held virtually on June 29 & 30, from 9AM to 5PM GMT. Like the former, the expo 2021 is also aimed at bringing the aluminium industry leaders and partners from the entire value chain of aluminium under one roof virtually, driven by more advanced technology to enable them to build a stronger network. As AlCircle is always committed to offer superior experience and information, this time will be no exception with more enticing digital tools besides video calls, exchange of...
Three-month LME aluminium dipped 0.3% to settle at US$1,981.5 per tonne on Thursday, 28 January 2021. SMM expects the contract to trade between US$1,980-2,000 per tonne today. As of Thursday January 28, LME aluminium cash (bid) price stands at US$ 1979 per tonne, LME official settlement price stands at US$ 1979 per tonne; 3-months bid price stands at US$ 1978.50 per tonne, 3-months offer price is US$ 1978.50 per tonne; Dec 21 bid price stands at US$ 2054.50 per tonne, and Dec 21 offer price stands at US$ 2054.50 per tonne. The LME aluminium opening stock stood at 1424175 tonnes. Live Warrants totalled 1171000 tonnes, and Cancelled Warrants were 253175 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1981.79 per tonne. SHFE Aluminium Price Trend Benchmark aluminium...
A00 aluminium ingot price has recorded a hike of RMB 100 per tonne to close the week on Friday, January 29, at RMB 14,970 per tonne, after declining in the past three days in a row from RMB 15,030 per tonne to RMB 14,870 per tonne, found Shanghai Metals Market. The average prices are expected to range between RMB 14,950 per tonne and RMB 14,990 per tonne, with spot contract to be traded at a premium price of RMB 0-40 per tonne. In Foshan, A00 aluminium ingot price has surged by RMB 140 per tonne to come in at RMB 14,950 per tonne, while in Wuxi, the price has increased by RMB 120 per tonne to stand at RMB 14,980 per tonne. In Gongyi, Chongqing, and Linyi, primary aluminium ingot price has grown by RMB 110 per tonne to peg at RMB 14,870 per tonne, RMB 14,940 per tonne, and RMB 15,040 per...
The Chamber of Minerals and Energy of Western Australia (CME) applaud Ivan Vella’s appointment as Rio Tinto’s Chief Executive Officer for aluminium business. Paul Everingham, CEO, CME said: “Mr Vella – who is the Chamber’s President – would carry a wide range of skills and experiences into his new role.” Mr Ivan Vella is currently Rio Tinto’s Interim CEO for Iron Ore. “I’ve worked closely with Ivan for several years, but particularly since he was appointed President of CME in April last year,” Mr Everingham said. “Ivan is an outstanding operator, whose intimate knowledge of the WA mining and resources sector has been invaluable to CME.” “He took over as Interim Iron Ore Chief Executive during a time of significant change for Rio Tinto and has shown a great deal of leadership in that...
According to Shanghai Metals Market, social inventories of primary aluminium have gained 13,000 tonnes week-on-week across eight major consumption areas in China, including SHFE warrants. Data shows the stocks this week, ending on Thursday, January 28, have come in at 682,000 tonnes compared to 669,000 tonnes last Thursday, January 21. The chart below indicates the current status of primary aluminium inventories across China in more details: Primary aluminium inventories have increased the highest in Hangzhou by 8,000 tonnes to 67,000 tonnes, followed by the hike of 6,000 tonnes in Nanhai to 164,000 tonnes. In Gongyi, primary aluminium inventories have climbed by 5,000 tonnes to clock at 69,000 tonnes, while in Linyi, the stocks have inched up by 1,000 tonnes to come in at 7,000 tonnes....
The board of National Aluminium Company Ltd (NALCO) has approved a buyback proposal worth INR 749.10 crore. The company plans to buy 13.02 crore shares at INR 57.50 per equity share for an aggregate not exceeding INR 749.10 crore. NALCO said in a BSE filing that ''the board of directors of the company in their meeting held on January 27, 2021, has inter-alia approved...buyback of not exceeding 13,02,79,083 (Thirteen Crore Two Lakh Seventy Nine Thousand Eighty-Three) fully paid-up equity shares..at a price of Rs 57.50 per equity share...in cash for an aggregate consideration not exceeding Rs 749,10,47,273 (Rupees Seven Hundred Forty-Nine Crore Ten Lakh Forty-Seven Thousand Two Hundred Seventy Three only.'' The company announced it will reveal further details in due course in accordance...
Pralhad Joshi, the Indian Union Minister of Coal and Mines has reassured that the proposed preparation of the Detailed Project Report (DPR) of the brownfield expansion project of Nalco’s captive power plant (CPP) and smelter at Angul in Odisha is on track. In a recent letter to Dharmendra Pradhan, Minister of Steel who was seeking NALCO capacity expansion progress, on which Joshi said: “There is no change in the brownfield plans of the company.” "I have been informed that there is no change in the proposed expansion projects of NALCO at Angul district of Odisha. These projects are very much on priority. Preparation of detailed project report is underway and the company will do due diligence on their feasibility, based on the report," Joshi said. "Ministry of Mines is taking all steps for...
SMM aluminium ingot price has registered a drop for the three days in a row. As of Thursday, 28 January 2021, the price now stands at RMB 14870 per tonne, representing a decline of RMB 40 per tonne from Wednesday’s price of 14910 per tonne. The price is expected to range at RMB 14850-14890 per tonne. In Foshan and Wuxi, the price has reduced by RMB 50 per tonne each to stand at RMB 14810 per tonne and RMB 14860 per tonne. Their average prices are expected to range within RMB 14790-14830 per tonne and RMB 14850-14870 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 14910 per tonne and RMB 14830 per tonne, down RMB 40 per tonne and RMB 30 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi and Gongyi stand at RMB 14920 per tonne, RMB 14920 per tonne, RMB 14930...
Three-month LME aluminium lost 1.75 per cent to close at US$ 1,987.50 per tonne on Wednesday, January 27, with open interest falling to 739,000 lots. It is expected to trade between US$ 1,970-2,010 per tonne today. LME aluminium cash (bid) price and LME official settlement price decreased to US$ 2003.50 per tonne on Wednesday, January 27, following a hike from US$ 2011.50 per tonne to US$ 2025 per tonne on January 26. 3-months bid price and 3-months offer price also stood at US$ 2003.50 per tonne, down by US$ 14.50 per tonne from US$ 2018 per tonne on the previous day. Dec 21 bid price and Dec 21 offer price hovered around US$ 2075 per tonne, registering a downfall of US$ 15 per tonne. The LME aluminium opening stock increased to 1428225 tonnes from 1419775 tonnes. Live Warrants totalled...
Aluminium Stewardship Initiative has welcomed Glencore as a new Production & Transformation member, bringing the total number of ASI members to 154. Glencore is world’s one of the largest global diversified natural resource companies, a major producer, and a marketer of more than 60 responsibly-sourced commodities. It processes and sells products from a wide range of third-party aluminium and alumina producers. Glencore offers its products and services to industrial customers, such as those in the automotive, steel, power generation, battery manufacturing, and oil sectors. Glencore’s services also include financing and logistics to producers and consumers of commodities. The group of companies has around 160,000 employees, including contractors. On becoming ASI’s new Production and...
The Aluminium Association of India (AAI) has asked the government to hike the basic custom duty on aluminium in the forthcoming Union Budget 2021-22. The Industry has sought support to raise imports duty on primary aluminium and scrap to 10% from current 7.5% and 2.5% respectively. AAI said, "The Indian Aluminium industry has sought immediate Government support to tide over this challenging phase by means of supportive measures in the forthcoming Union Budget 2021-22.” AAI said Union Budget recommendations are to raise “the basic custom duty on aluminium scrap at par with primary metal to proposed 10 per cent, as in line with other non-ferrous metals like copper, zinc, lead, nickel, tin etc...elimination of cess on coal (GST Compensation cess of Rs 400/MT) to support highly power...
Hindalco Industries Limited expanded its aluminium ingot and aluminium products prices for the second time in a row, with effect from Tuesday, January 26. Hindalco’s aluminium ingot price is currently standing at INR 169,750 per tonne, up by INR 2,250 per tonne from INR 167,500 per tonne on January 21. Hindalco’s aluminium wire rod price has also been raised by INR 2,250 per tonne from INR 178,600 per tonne on January 21 to INR 180,850 per tonne on January 26. The company’s aluminium billets price has come in at INR 176,850 per tonne compared with INR 174,600 per tonne about a week ago. Hindalco Industries Limited links the prices of its aluminium ingot and aluminium products to the three-month futures of aluminium on the London Metal Exchange, which after January 21 climbed to US$ 2025...
According to the International Aluminium Institute, primary aluminium production in Africa rebounded to 135,000 tonnes in December 2020, following a decline in the previous month. On a month-on-month calculation, Africa’s primary aluminium production grew in December by 6,000 tonnes or 4.65 per cent from 129,000 tonnes, which was down by 7,000 tonnes or 5.15 per cent from 136,000 tonnes in October 2020. On a year-on-year basis, Africa’s December output stood 2.88 per cent lower than 139,000 tonnes. Africa’s total primary aluminium production in the fourth quarter of 2020 amounted to 400,000 tonnes, down by 1,000 tonnes from 401,000 tonnes in the third quarter of the year. On a year-on-year basis, the output stood lower by 10,000 tonnes or 2.44 per cent from 410,000 tonnes. In the entire...
Three-month LME aluminium climbed 0.15% to close at US$2,023 per tonne on Tuesday, with open interest falling to 739,000 lots. It is expected to trade between US$1,990-2,050 per tonne today. As of Tuesday January 26, LME aluminium cash (bid) price stands at US$ 2025 per tonne, LME official settlement price stands at US$ 2025 per tonne; 3-months bid price stands at US$ 2018 per tonne, 3-months offer price is US$ 2018 per tonne; Dec 21 bid price stands at US$ 2090 per tonne, and Dec 21 offer price stands at US$ 2090 per tonne. The LME aluminium opening stock stood at 1419775 tonnes. Live Warrants totalled 1164825 tonnes, and Cancelled Warrants were 254950 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2004.81per tonne. SHFE Aluminium Price Trend Benchmark aluminium...
Emirates Global Aluminium has accomplished a major periodic refurbishment of its Potline 3 at Al Taweelah, one of the longest and most productive potlines in the world. The reduction cells (or ‘pots’) in which aluminium is smelted mandate re-lining after several years of production. During the refurbishment of the 444 reduction cells in Potline 3, EGA installed steel collector bars with copper inserts, designed within the company to improve performance. Copper has the best electrical conductivity of any metal. Its use in the collector bars reduces power consumption and unit greenhouse gas emissions and enables increased productivity as the reduction cells can be run at higher amperage. As extra voltage becomes available in the power supply system, this will also open opportunities to...
Vedanta Limited has expanded its aluminium ingot and aluminium products prices for the second consecutive time, with effect from Tuesday, January 26. The company has raised its aluminium ingot price to INR 169,500-182,500 per tonne from INR 167,250-180,250 per tonne on January 21. This records an increase of INR 2,250 per tonne over the last four days. Vedanta’s aluminium wire rod price is hovering around INR 177,000-184,500 per tonne, as of January 26, growing by INR 2,250 per tonne as well from INR 174,750-182,250 per tonne. With the latest hike, Vedanta’s aluminium billets price has come in at INR 177,500 per tonne compared with INR 175,250 per tonne on January 21. Vedanta Limited links the prices of its aluminium products and aluminium ingot to the three-month futures of aluminium on...
Three-month LME aluminium rose 1.28 per cent to close at US$ 2,020 per tonne on Monday, January 25, with open interest rising to 740,000 lots. Schumer, the leader of the Senate Majority Party, said that he would strive to launch a round of programs by mid-March at the latest, and the US$ 1.9 trillion stimulus bill faced the risk of delaying. Under the cautious mood, the US dollar index rebounded. It is expected to trade between US$ 1,990 per tonne and US$ 2,050 per tonne today. LME aluminium cash (bid) price and LME official settlement price soared by US$ 36 per tonne to surpass the mark of US$ 2000 per tonne on Monday, January 25. The prices started the week at US$ 2011.50 per tonne versus US$ 1992.50 per tonne on Friday, January 22. 3-months bid price and 3-months offer price stood at...
Century Aluminum Company, a global producer of primary aluminium and operates aluminium reduction facilities in the United States and Iceland supports and praises Executive Order signed into law on 25 th January 2021 by President Biden to support domestic manufacturers, businesses, and American workers. This Executive Order is an essential part of US economic recovery as the nation work to rebuild the critical manufacturing base and domestic supply chains while ensuring that the future is made in America by all of America’s workers. Century Aluminium operates three U.S. aluminium smelters, in Hawesville and Robards in Kentucky and Mt. Holly in South Carolina, and one smelter in Grundartangi, Iceland. Michael Bless, CEO of Century Aluminum, said: “Manufacturing is the backbone of our great...
