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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SMM aluminium ingot price trended lower, except Friday. The price declined by RMB 310 per tonne and RMB 350 per tonne to stand at RMB 15400 per tonne and RMB 15050 per tonne on Monday,11 January and Tuesday,12 January. The price further dropped to RMB 14720 per tonne on Thursday, down from RMB 14900 per tonne on Wednesday. Aluminium ingot price ended the week higher at RMB 14940 per tonne on Friday, 15 January 2021. According to Shanghai Metals Market, the social inventories of primary aluminium continued to grow, although slower than the previous week. Data shows the inventories gained 20,000 tonnes across eight major Chinese consumption areas, including SHFE warrants, week-on-week at 684,000 tonnes on Thursday, January 14. The alumina price in China remained flat this week. The average...
National Aluminium Company Limited (NALCO) has cut its aluminium ingot and products prices with effect from Saturday, January 16, following a significant hike ten days ago on January 6. According to the company’s price update, aluminium ingot price has come in at INR 169,550-173,050 per tonne, down by INR 2000 per tonne from INR 171,550-175,050 per tonne on January 6. Last time, Nalco’s aluminium ingot price was increased by INR 4,100 per tonne from INR 167,450-170,950 per tonne on January 1. With the latest price slash, NALCO’s aluminium wire rod price is ranging between INR 173,050- 177,400 per tonne and aluminium billets price between 173000- 175650 per tonne, recording a decrease of INR 2,000 per tonne as well. NALCO, like any other Indian aluminium producers, links its aluminium...
Benchmark aluminium price on the London Metal Exchange decreased this week by 0.37 per cent to settle at US$ 2000.50 per tonne amid the incessant decline in LME aluminium opening stock from 1305825 tonnes to 1288675 tonnes. LME aluminium cash (bid) price and LME official settlement price closed lower this week at US$ 2000.50 per tonne on Friday, January 15. The prices started at US$ 2008 per tonne on Monday, January 11, and gained US$ 2025.50 per tonne on Tuesday, January 12. On Wednesday, the price declined again to US$ 2009.50 per tonne, followed after a marginal growth of US$ 1 per tonne to US$ 2010.50 per tonne on Thursday, January 14. They shrunk further on the next day by US$ 10 per tonne. 3-months bid price and 3-months offer price also started the week on January 11 at US$ 2008...
Vedanta Limited again decreased its aluminium ingot and aluminium product prices on January 14 after increasing them on the previous day. With effect from Thursday, January 14, Vedanta slashed its aluminium ingot price by INR 1,750 per tonne or 1.02 per cent from INR 171,750-184,750 per tonne to INR 170,000-183,000 per tonne. With the latest price cut, Vedanta’s aluminium wire rod price has come in at INR 177,500-185,000 per tonne compared to INR 179,250-186,750 per tonne on January 13. This records a decrease of INR 1,750 per tonne as well. Vedanta’s aluminium billet price is standing at INR 178,000 per tonne with effect from January 14 as against INR 179,750 per tonne on January 13. Vedanta Limited links the prices of its aluminium products and aluminium ingot to the three-month futures...
The LME complex closed mixed on Thursday. Benchmark aluminium price on the London Metal Exchange grew slightly by 0.50 per cent to close at US$ 2010.50 per tonne on January 14. LME aluminium cash (bid) price and LME official settlement price inched up marginally by US$ 1 per tonne from US$ 2009.50 per tonne to US$ 2010.50 per tonne on Thursday, January 14. 3-months bid price and 3-months offer price stood at US$ 2009 per tonne, up by only USS$ 0.50 per tonne from US$ 2008.50 per tonne. Dec 21 bid price and Dec 21 offer price climbed US$ 3.5 per tonne to stand at US$ 2079.50 per tonne. The LME aluminium opening stock decreased from 1293300 tonnes to 1285125 tonnes. Live Warrants totalled 1179500 tonnes, while Cancelled Warrants 105625 tonnes. LME aluminium 3-months Asian Reference Price...
According to the latest data shared by Shanghai Metals Market, the social inventories of primary aluminium have continued to grow, although slower than the previous week. Data shows the inventories have gained 20,000 tonnes across eight major Chinese consumption areas, including SHFE warrants, week-on-week ending on Thursday, January 14, compared to the surge of 51,000 tonnes in the previous week. Hence, the inventories today are standing at 684,000 tonnes against 664,000 tonnes on January 7, 2021. The chart below indicates the current status of primary aluminium inventories across China in more details: Primary aluminium inventories have gained the highest in Gongyi by 15,000 tonnes to stand at 66,000 tonnes, followed by an increase of 9,000 tonnes in Nanhai to 162,000 tonnes, according...
Aluminerie Alouette, one of the most efficient primary aluminium producers of the world, has stated in 2020 review statement that: "Aluminerie Alouette in 2020 broke its record of all time with an annual production of 620,706 tons of aluminium. It was a special year in many ways for the largest aluminium smelter in the Americas. Employees and partners have worked hard to exceed the 2016 performance in aluminium production.” The previous record, set in 2016, was 608,964 tonnes. The increase in production with the same facilities is linked to the good results of a large-scale project that began in 2019, namely the construction of a forced-air network to cool the AP40 technology tanks. This $ 100M modernization project, completed in November 2020, maximizes energy use. This was the Alouette...
A00 aluminium ingot price has continued to fall for the fourth consecutive day by RMB 180 per tonne to stand at RMB 14,720 per tonne on Thursday, January 14, found the Shanghai Metals Market. The average prices are expected to range between RMB 14,700 per tonne and RMB 14,740 per tonne, with spot contract to be traded at a premium price of RMB 20-60 per tonne, up by RMB 40 per tonne on the previous day. In Gongyi, the primary aluminium ingot price has decreased by RMB 180 per tonne as well to come in at RMB 14,600 per tonne; while in Chongqing, the price has plunged by RMB 105 per tonne to RMB 14,725 per tonne. In Foshan and Tianjin, A00 aluminium ingot price has declined by RMB 100 per tonne to come in at RMB 14,720 per tonne and 14,770 per tonne, respectively. The price in Linyi and...
The LME complex ended mostly lower on Wednesday, January 13, with aluminium lost 0.62 per cent. Benchmark aluminium price on the London Metal Exchange edged 0.79 per cent lower on Wednesday. LME aluminium cash (bid) price and LME official settlement price decreased by US$ 16 per tonne from US$ 2025.50 per tonne to US$ 2009.50 per tonne on Wednesday, January 13. 3-months bid price and 3-months offer price stood at US$ 2008.50 per tonne, down by USS$ 16.50 per tonne from US$ 2025 per tonne. Dec 21 bid price and Dec 21 offer price declined to US$ 2076 per tonne from US$ 2099.50 per tonne. The LME aluminium opening stock decreased relatively slower from 1298075 tonnes to 1293300 tonnes. Live Warrants totalled 1189525 tonnes, while Cancelled Warrants 103775 tonnes. LME aluminium 3-months Asian...
On Wednesday, January 13, Rio Tinto announced that it entered a new agreement with Meridian Energy for electricity supply that would allow New Zealand’s Aluminium Smelter (NZAS) to continue operating at the Tiwai Point aluminium smelter. The agreement is valid till December 31, 2024, meaning a longer certainty to Tiwai employees, local community, and customers and more time for stakeholders to plan the future. The new agreement with Meridian Energy in relation to power prices is signed just when the New Zealand government was progressing to address the smelter’s high transmission costs. This agreement is expected to make the smelter economically viable and competitive over the next four years. Also, it would provide time for detailed closure studies, allowing stakeholders to undergo...
Aluminium Bahrain Alba has announced its new Vision, Mission and Values at the inaugural session of Majlis 2021. The company’s new vision is – To be the number one aluminium supplier for the generations to come. Alba’s new Mission is - Being a responsible corporate citizen, create value for all its stakeholders and society; and Values - Safe & Green, Together, Ethics, Excellence and Resilience will set Alba in motion where Safety, People Development, Governance and Sustainability will be its linchpins. Chief Executive Officer Ali Al Baqali has announced the company’s Objectives for 2021 - Safety Excellence, Al Hassalah (new savings’ program), Forward Focus and Emerge Stronger. Al Baqali said: “We can’t change 2020 but we can learn from it to emerge stronger and get better as a Company and...
According to the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), Iran’s aluminium ingot production stood 51.2 percent higher year-on-year during the first nine months of the current Iranian calendar year (March 20-December 20, 2020). Aluminium ingot output came in at 308,000 tonnes during the nine-month period as compared to 203,800 tons in the corresponding period of the previous year. Production of the aluminium ingot in Iran is likely to grow by 63 percent by the end of the current Iranian calendar year (March 20, 2021). The country’s major aluminium producers produced 275,716 tonnes of aluminium ingots in the past year ended on March 19, 2020, IMIDRO reported. The output fell by 8 percent in comparison to the same period of the previous year....
Vedanta Limited has raised its aluminium ingot and aluminium products prices with effect from Wednesday, January 13, just a day after reducing the prices by INR 1,500 per tonne. Vedanta is currently selling its aluminium ingot at INR 171,750-184,750 per tonnes, up by INR 1,250 per tonne or 0.73 per cent from INR 170,500-183,500 per tonne on January 12. With the latest hike, Vedanta’s aluminium wire rod price has come in at INR 179,250-186,750 per tonne in comparison with INR 178,000-185,500 per tonne on January 12. This registers an increase of INR 1,250 per tonne. Vedanta’s aluminium billet price is at INR 179,750 per tonne on January 13, standing INR 1,250 per tonne higher than INR 178,500 per tonne. Vedanta Limited links the prices of its aluminium products and aluminium ingot to the...
Dr Mark Cooksey has permanently joined Australian Bauxite Limited’s technology subsidiary ALCORE Limited (Alcore). The news came on Wednesday, January 13, after ABx announced officially. Dr Cooksey first joined Alcore in January 2020 as a General Manager and became CEO in the next seven months on August 24, 2020, on a leave arrangement from Australia’s national science agency, CSIRO. However, his current position in Alcore is permanent, with the key responsibility of leading the development and commercialisation of a new process for aluminium fluoride (AlF3) production. Dr Cooksey has vast experience in research, development, and commercialisation of new processes in the minerals and metals industry. He started his career as a Research Engineer in aluminium smelting with Comalco (now Rio...
SMM aluminium ingot price registers a drop for the third day in a row. The price stands at RMB 14900 per tonne on Wednesday, 13 January 2021, a decrease of RMB 150 per tonne from Tuesday’s price of RMB 15050 per tonne. The price and is expected to move within a range of RMB 14880-14920 per tonne. In Foshan and Wuxi, the price has inched down by RMB 230 per tonne and RMB 160 per tonne to stand at RMB 14820 per tonne and RMB 14840 per tonne. Aluminium prices in Hangzhou and Chongqing have come in at RMB 14855 per tonne and 14830 per tonne, down RMB 155 per tonne and RMB 190 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi have declined to stand at RMB 14860 per tonne, RMB 14870 per tonne, RMB 14930 per tonne, and RMB 14780 per tonne. The aluminium alloy (ADC12)...
Benchmark aluminium price on the London Metal Exchange stood 0.87 per cent higher on Tuesday, January 12. As of Tuesday, January 12, LME aluminium cash (bid) price and LME official settlement price surged by US$ 17.50 per tonne to US$ 2025.50 per tonne, following a plunge in the previous day from US$ 2029.50 per tonne to US$ 2008 per tonne. 3-months bid price and 3-months offer price stood at US$ 2025 per tonne, up by USS$ 15 per tonne. Dec 21 bid price and Dec 21 offer price rebounded to US$ 2099.50 per tonne. The LME aluminium opening stock declined from 1305825 tonnes to 1298075 tonnes. Live Warrants totalled 1185150 tonnes, while Cancelled Warrants 112925 tonnes. LME aluminium 3-months Asian Reference Price hovered at US$ 2010.88 per tonne. SHFE Aluminium Price Trend Benchmark...
Anil Agarwal’s Vedanta Aluminium & Power, India’s largest producer of the aluminium and value-added products, has secured a double win at the recently concluded 59 th Association of Business Communicators in India (ABCI) Awards 2020. Vedanta Aluminium & Power Business bagged the Bronze Award for ‘PR Campaign for Reviving Dhokra Art’ under Social Responsibility Communication category. However, Vedanta’s subsidiary Bharat Aluminium Company Ltd. (BALCO), India’s iconic aluminium producer won the Bronze Award for its daily e-magazine ‘BALCO Today’ under E-Zine category. Mr Ajay Kapur, CEO – Aluminium & Power Business and Managing Director said: “Vedanta strives to enable its communities in the areas where it operates to become empowered and self-reliant participants in the economic progress...
The Board of Director of Aluminum has unanimously elected Mr Guillaume de Goÿs, Chief Operating Officer of Alvance as the new Chairman of Aluminum France. Mr de Goÿs takes the place of Jean-François Faure, General Manager Aluminum Technology at Rio Tinto and held the position of Chairman of Aluminum France for 3 years. The entire Board of Directors thanked Jean-François Faure for his mission within the profession and it is his mandate that made it possible to reposition the aluminium industry within major French industrial professional organizations and to increase its visibility with stakeholders. This positioning allowed the profession to be very responsive in managing the Rusal crisis of 2018 and that of COVID-19 in 2020. Guillaume de Goÿs will be desirous to continue the work...
