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...
Grow with
AL Circle
National Aluminium Company Limited (NALCO) has further reduced its aluminium ingot and aluminium products prices with effect from Thursday, January 21. After cutting the aluminium ingot price by INR 2000 per tonne last week on January 16, NALCO this week has narrowed the price by INR 1700 per tonne to INR 167,850-171,350 per tonne. With the latest cut, NALCO’s aluminium wire rod price has come in at INR 171,350-175,700 per tonne, also down by INR 1700 per tonne from INR 173,050-177,400 per tonne on January 16. NALCO’s aluminium billets price is hovering around INR 171,300-173,950 per tonne compared to INR 173,000-175,650 per tonne last week. NALCO, like any other Indian aluminium producers, links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on...
According to Shanghai Metals Market, social inventories of primary aluminium have decreased by 15,000 tonnes week-on-week across eight major Chinese consumption areas, including SHFE warrants, after the past three consecutive weeks of rising. The stocks, as of Thursday, January 21, have come in at 669,000 tonnes compared to 684,000 tonnes on January 14. COVID-induced transport restrictions reduced arrivals of cargoes in Wuxi and Nanhai, resulting in the decline in primary aluminium inventories. The chart below indicates the current status of primary aluminium inventories across China in more details: Shanghai has seen the highest downfall in inventories today of 5,000 tonnes to 82,000 tonnes, followed by the fall of 4,000 tonnes in Nanhai and Hangzhou to come in at 158,000 tonnes and...
A00 aluminium ingot price has jumped by RMB 270 per tonne on Thursday, January 21, to stand above RMB 15,000 per tonne, following the past two consecutive days of decline. Shanghai Metals Market data shows the primary aluminium ingot price has come in at RMB 15,020 per tonne, with average prices to range between RMB 15,000 per tonne and RMB 15,040 per tonne. The spot contract is likely to be traded at a premium price of RMB 120-160 per tonne, up by RMB 60 per tonne from the previous day. In Wuxi, A00 aluminium ingot price has soared by RMB 325 per tonne to stand at RMB 15,125 per tonne, followed by the surge of RMB 310 per tonne to RMB 15,135 per tonne. In Chongqing, primary aluminium ingot price has come in at RMB 15,135 per tonne growing by RMB 310 per tonne, while the price in...
The LME complex rose across the board on Wednesday, with aluminium climbed 0.79 per cent. Benchmark aluminium price on the London Metal Exchange grew by 1.26 per cent to close at US$ 1976 per tonne on January 20. LME aluminium cash (bid) price and LME official settlement price increased to US$ 1976 per tonne from US$ 1951.50 per tonne on January 20, following three consecutive days of decline. 3-months bid price and 3-months offer price stood at US$ 1977 per tonne, up by US$ 19 per tonne from US$ 1958 per tonne on January 19. Dec 21 bid price and Dec 21 offer price hovered around US$ 2055 per tonne. The LME aluminium opening stock remained almost flat at 1417050 tonnes. Live Warrants totalled 1286575 tonnes, while Cancelled Warrants stood at 130475 tonnes. LME aluminium 3-months Asian...
As we have crossed one of the difficult years in the history of industrialisation and entered 2021 with a lot of hopes and inspiration, AlCircle think tank came up with a conclusive preview report “Global Aluminium Industry Outlook 2021” . The preview report elaborates the future of the global aluminium industry in 2021 and ahead. The primary focus of the report is to touch upon the significant developments of this ongoing year vertical wise, in a bid to analyse how every vertical influence each other’s growth or counter-growth. The global aluminium usage is estimated to have declined by 4.1% to 84.5 million tonnes in 2020, while the rest of the world is still reeling under the impact of the pandemic. However, China has managed to strengthen up it's economy and aluminium usage, which is...
Vedanta Limited has extended the price cut of its aluminium ingot and aluminium products by INR 2,250 per tonne with effect from January 20, 2021, as the three-month futures of aluminium on the London Metal Exchange continued to shrink till January 19, marking the third consecutive day of fall. Vedanta is currently selling its aluminium ingot price at INR 165,500-178,500 per tonne versus INR 167,750-180,750 per tonne on January 19. With the latest price cut for the third consecutive day, Vedanta’s aluminium wire rod price has come in at INR 173,000-180,500 per tonne compared to INR 175,250-182,750 per tonne on the previous day. Vedanta’s billet price has pegged at INR 173,500 per tonne. Vedanta Limited links the prices of its aluminium products and aluminium ingot to the three-month...
Three-month LME aluminium climbed 0.15 per tonne to close at US$ 1,973 per tonne on Tuesday, with open interest falling to 742,000 lots. The impact of LME aluminium inventory changes on prices should continue to be monitored. It is expected to trade between US$ 1,900-2,010 per tonne today. As of Tuesday, January 19, LME aluminium cash (bid) price and LME official settlement price plunged by US$ 28 per tonne to stand at US$ 1951.50 per tonne, marking the third consecutive day of decline. 3-months bid price and 3-months offer price stood at US$ 1958 per tonne, down by US$ 26 per tonne from US$ 1984 per tonne on January 18. Dec 21 bid price and Dec 21 offer price hovered around US$ 2038 per tonne. The LME aluminium opening stock increased further from 1397075 tonnes to 1414675 tonnes. Live...
The aluminium arm of Vedanta Group, Vedanta Aluminium becomes the first in the Group to drive the COVID-19 vaccination program for its medical personnel and healthcare staff. The vaccination program was organised by joining hands with the District Health Administration of Jharsuguda, Odisha. In the first phase, 125 personnel from Vedanta’s Occupational Health team will be vaccinated. On 19 th January 2021 vaccination program, held in strict adherence to all COVID guidelines and under the close supervision of the district administration, the government agency that provided the vaccine and other required medical equipment. Mr Rahul Sharma, Dy. CEO, Aluminium Business, Vedanta Ltd., said: "Under the visionary leadership of Shri Naveen Patnaik, Hon’ble Chief Minister of Odisha, the state has...
China, the world’s biggest aluminium producer, imported 265,569 tonnes of unwrought aluminium and aluminium products in December, the highest since September 2020, found the General Administration of Customs data. The import volume in December was up by 40.43 per cent month-on-month from 188,973 tonnes and by 147.3 per cent on year. Full-year shipments in 2020 were 2.7 million tonnes, up 318.7 per cent than in 2019. Rapid demand recovery for aluminium in China after the COVID-19 outbreak led to Shanghai aluminium price surge over London, resulting in an open arbitrage for cheaper imports. China’s aluminium imports in 2020, including both primary aluminium and unwrought alloy, surpassed the previous annual record set in 2009. China turned net importer in July and August for the first time...
RUSAL has collaborated with Henan Mingtai Aluminum Co., Ltd, for the supply of low-carbon aluminium products to meet rising market demand. RUSAL will deliver low-carbon primary aluminium under ALLOW brand to Mingtai’s plants, including the new Gwangyang rolling mill in South Korea. The Gwangyang complex, which will start its operations in Q3 2021, will supply products with reduced carbon footprint. Lord Barker, Executive Chairman of the Board of Directors of En+ Group, said: “I am pleased that En+ Group Metals segment represented by RUSAL has partnered with Mingtai. This clearly indicates China and South Korea’s forward-looking drive towards carbon neutrality. This is a transformational business opportunity generated by the growing market demand for more sustainable aluminium products....
Vedanta Limited has further reduced its aluminium ingot and products prices for the second time in a row with effect from Tuesday, January 19. The company is currently selling its aluminium ingot at INR 167,750-180,750 per tonne, down by INR 2,250 per tonne or 1.32 per cent from INR 170,000-183,000 per tonne on January 14. Last time, Vedanta cut its aluminium ingot price by INR 1,750 per tonne or 1.02 per cent. With the latest cut, Vedanta’s aluminium wire rod price has come in at INR 175,250-182,750 per tonne compared to INR 177,500-185,000 per tonne on January 14. This records a decrease of INR 2,250 per tonne as well. Vedanta’s aluminium billet price is standing at INR 175,750 per tonne with effect from January 19, as against INR 178,000 per tonne on the previous day. Vedanta Limited...
Benchmark aluminium price on London Metal Exchange declined by 1.05 per cent on Monday, 18 January 2021, to stand at US$ 1979.50 per tonne, from US$ 2000.5 per tonne on Friday January 15. As of Monday January 18, LME aluminium cash (bid) price stands at US$ 1979.50 per tonne, LME official settlement price stands at US$ 1979.50 per tonne; 3-months bid price stands at US$ 1984 per tonne, 3-months offer price is US$ 1984per tonne; Dec 21 bid price stands at US$ 2063.50 per tonne, and Dec 21 offer price stands at US$ 2063.50 per tonne. The LME aluminium opening stock stood at 1397075 tonnes. Live Warrants totalled 1299700 tonnes, and Cancelled Warrants were 97375 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1993.03per tonne. SHFE Aluminium Price Trend Benchmark...
According to the latest data revealed by the National Bureau of Statistics (NBS), China’s aluminium production in 2020 increased by 4.9 per cent year-on-year to stand at 37.08 million tonnes, attributing to capacity ramp-up by smelters to cash in on soaring prices. Output in December stood all-time high at 3.27 million tonnes even the price rally cooled. That was up by 2.8 per cent month-on-month from 3.182 million tonnes, surpassing the previously monthly record of 3.2 million tonnes in October 2020. According to NBS data, China’s full-year aluminium output in 2020 beat the last annual peak of 35.802 million tonnes in 2018. Production dropped in 2019 for the first time in a decade. Shanghai aluminium prices fell 4.2 per cent in December after hiking by 22.5 per cent over 2020 during the...
A00 aluminium ingot price in China has again come below RMB 15,000 per tonne after hiking in the past two consecutive days to stand at RMB 15,060 per tonne on Monday, January 18, found the Shanghai Metals Market. According to SMM data, the price is hovering around RMB 14,830 per tonne on Tuesday, January 19, a decrease of RMB 230 per tonne from the previous day. The average prices are expected to range between RMB 14,810 per tonne and RMB 14,850 per tonne, with spot contract to be traded at a premium price of RMB 60-100 per tonne. In Chongqing, primary aluminium ingot price has declined the highest by RMB 250 per tonne to stand at RMB 14,820 per tonne, followed by the fall of RMB 240 per tonne in Gongyi and Linyi to come in at RMB 14,730 per tonne and RMB 14,920 per tonne, respectively....
On 18 th January 2021, Emirates Global Aluminium (EGA) and Dubai Electricity and Water Authority (DEWA) announced a new global milestone placing the United Arab Emirates as the first country in the world to produce aluminium using the solar energy. The milestone supports the vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to make Dubai the most sustainable city in the world and to take the lead in the development and application of scientific and technological advances in the energy sector. DEWA will supply EGA’s aluminium smelter with 560,000 megawatt-hours of solar power yearly from the Mohammed bin Rashid Al Maktoum Solar Park, sufficient to make 40,000 tonnes of aluminium in the first year with the potential for...
EN+ GROUP has publicized its ambition to become net-zero by 2050 and to reduce Greenhouse Gas ("GHG") emissions by at least 35% by 2030. These stretching targets cover complete emissions across all operations, which incorporate aluminium production plus heat and electricity production. In 2019, the Group's metal business, UC Rusal, produced 6% of the world's aluminium and its power segment, EuroSibEnergo, generated over 64 TWh of clean hydropower. The Group believes that the targets announced on 18 th January 2021 represent the most ambitious carbon reduction targets yet seen in the global aluminium industry, setting a new standard in one of the most energy-intensive industries in the global economy. The Board has approved targets of at least a 35% reduction in GHG emissions by 2030 and...
SMM aluminium ingot price opened the week higher. The price stands at RMB 15060 per tonne on Monday, 18 January 2021, a growth of RMB 120 per tonne from Friday’s price of RMB 14940 per tonne. The price is expected to move within a range of RMB 15040-15080 per tonne. In Foshan and Wuxi, the price has climbed by RMB 130 per tonne and RMB 95 per tonne to stand at RMB 15080 per tonne and RMB 15065 per tonne. Aluminium prices in Hangzhou and Chongqing have come in at RMB 15070 per tonne each, up RMB 95 per tonne and RMB 120 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi have increased to stand at RMB 15100 per tonne, RMB 15080 per tonne, RMB 15160 per tonne, and RMB 14970 per tonne. The price of Aluminium Alloy (A356) has hiked by RMB 100 per tonne to stand at...
Three-month LME aluminium closed 1.29% lower at US$1,982 per tonne on Friday, with open interest increasing 2,467 lots to 750,000 lots. SMM expects the contract to fluctuate between US$1,950-2,010 per tonne today. As of Friday January 15, LME aluminium cash (bid) price stands at US$ 2000.50per tonne, LME official settlement price stands at US$ 2000.50 per tonne; 3-months bid price stands at US$ 1998.50 per tonne, 3-months offer price is US$ 1998.50 per tonne; Dec 21 bid price stands at US$ 2070per tonne, and Dec 21 offer price stands at US$ 2070 per tonne. The LME aluminium opening stock stood at 1288675 tonnes. Live Warrants totalled 1188000 tonnes, and Cancelled Warrants were 100675 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2008.75per tonne. SHFE Aluminium...
