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 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...
Vedanta has reduced its aluminium products price after hiking it on January 9. With effect from Tuesday, 12 January 2021, the prices of some aluminium ingots are in the range of INR 170,500-183,500 per tonne, marking a decline of INR 1,500 per tonne from INR 172,000-185,000 per tonne on January 09. The company’s billet price now stands at INR 178,500 per tonne on Tuesday, 12 January 2021, a decrease of INR 1,500 per tonne from INR 180,000 per tonne on January 09. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price on LME has been increasing since October. The price has climbed nearly 14% in the October-December. Vedanta’s aluminium business typically accounts for one-third of the...
Benchmark aluminium price on London Metal Exchange declined by 1.06 per cent on Monday, 11 January 2021, standing at US$ 2008 per tonne. The price was US$ 2029.5 per tonne on Friday January 8. As of Monday January 11, LME aluminium cash (bid) price stands at US$ 2008 per tonne, LME official settlement price stands at US$ 2008 per tonne; 3-months bid price stands at US$ 2008 per tonne, 3-months offer price is US$ 2008 per tonne; Dec 21 bid price stands at US$ 2079.50 per tonne, and Dec 21 offer price stands at US$ 2079.50 per tonne. The LME aluminium opening stock stood at 1305825 tonnes. Live Warrants totalled 1185150 tonnes, and Cancelled Warrants were 120675 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2005.21per tonne. SHFE Aluminium Price Trend Benchmark...
A00 aluminium ingot price in China has recorded the highest downfall of January 2021 and the second-highest since the fall of RMB 430 per tonne on December 21, as of Tuesday, January 12. According to Shanghai Metals Market data, the price has plunged by RMB 350 per tonne to stand at RMB 15,050 per tonne. The average prices are expected to range between RMB 15,030 per tonne and RMB 15,070 per tonne, with spot contract to be traded at a premium price of RMB 20 per tonne, down by RMB 40 per tonne from the previous day. Foshan has witnessed the highest fall of RMB 400 per tonne on January 12 to come in at RMB 15,050 per tonne, followed by the decline of RMB 380 per tonne in Chongqing to clock at RMB 15,020 per tonne. In Gongyi, A00 aluminium ingot price has reduced by RMB 360 per tonne to RMB...
In December 2020, molten aluminium accounted for 66.6 per cent of China’s total aluminium production, found the Shanghai Metals Market. That was down by 1.17 percentage points from the previous month, owing to the increased proportion of ingot output at smelters in north China. The decline was most prominent in Henan, Inner Mongolia, and Ningxia. In Henan Province, Henan Zhongfu and Dengdian Group did not produce aluminium ingot due to strict environmental inspections, while in the three other smelters like Henan Wanji, Jiaozuo Wanfang, and Yugang Longquan, the proportion of ingot increased from November. Some smelters in Inner Mongolia also did not shy away from increasing aluminium ingot output due to weaker demand for molten aluminium from nearby regions. In south-west China, on the...
Hong Leong Investment Bank (HLIB) Research expects Press Metal Aluminium Holdings Bhd to report significant growth in profit due to higher aluminium prices and the commissioning of Samalaju Phase 3. HLIB Research has also started coverage of the company at RM8.40 with a buy call and target price (TP) of RM10, reported theedgemarkets.com. HLIB Research analyst Low Jin Wu expects the company’s earnings to stand at RM441.3 million for the financial year ended Dec 31, 2020 (FY20) despite Covid-19 pandemic. “We expect FY21 and FY22 earnings to come in significantly stronger at RM755.7 million and RM999.9 million respectively due to higher aluminium prices and demand from the recovering global economic outlook and lower net carbon initiatives,” he said. Average aluminium prices are likely to...
According to recent data showed by Shanghai Metals Market, primary aluminium production in China increased 8 per cent year-on-year in December. Total output came in at 3.28 million tonnes last month. The daily average output stood at 105,800 tonnes in December, marking a growth of 300 tonnes month-on-month due to higher production in Yunnan Shenhuo and Inner Mongolia Chuangyuan. The operating capacity of primary aluminium was 39.24 million tonnes among 44.2 million tonnes per year of existing aluminium capacity as of early January. The operating rates across Chinese producers came in at 90.8 per cent. In 2020, primary aluminium production in the country climbed 4.8 per cent year on year to 37.12 million tonnes, while consumption increased 5.77 per cent to 38.19 million tonnes. Shanghai...
Prebaked anode price in Southwest China market has edged higher by RMB 65 per tonne after remaining unchanged since December 4. The price stands at RMB 3772.5 per tonne today from previous price of RMB 3707.5 per tonne. It is likely to range at RMB 3625-3920 per tonne. Average prebaked anode prices in Northwest China market has increased by RMB 90 per tonne to stand at RMB 3915 per tonne on Monday, 11 January. Prebaked anode prices in East China and Central China have remained unchanged at RMB RMB3545 per tonne and RMB3645 per tonne respectively. SMM aluminium ingot price has witnessed a drop today after rising it by RMB 170 per tonne on Friday. The ingot price has reduced by RMB 310 per tonne to RMB 15400 per tonne on Monday, 11 January 2021.The average price is expected to range between...
Benchmark aluminium price on the London Metal Exchange rose 1.07 per cent to come in at US$ 2029.50 per tonne on Friday, January 8, 2021. As of Friday, January 8, LME aluminium cash (bid) price and LME official settlement price surged by US$ 21.50 per tonne from US$ 2008 per tonne to US$ 2029.50 per tonne. 3-months bid price and 3-months offer price increased from US$ 2020.50 per tonne to US$ 2032 per tonne. Dec 21 bid price and Dec 21 offer price stood at US$ 2099.50 per tonne, up by US$ 21.50 per tonne. The LME aluminium opening stock decreased from 1313100 tonnes to 1309100 tonnes. Live Warrants totalled 1185150 tonnes, and Cancelled Warrants were 123950 tonnes. LME aluminium 3-months Asian Reference Price hovered at US$ 2023 per tonne. SHFE Aluminium Price Trend Benchmark aluminium...
India’s largest producer of Aluminium and value-added products, Vedanta Aluminium secured the ‘Most Innovative Best Practice’ Award at the Digital Transformation (DX) Summit & Awards 2020. The event organized by CII – Centre for Digital Transformation (CDT), the DX Award delivers a prestigious platform for the industry’s best to showcase superlative efforts and achievements in the realm of digital transformation, offering unparalleled exposure and valuable recognition to the practitioners. Anil Agarwal's Vedanta Aluminium has bagged this prestigious award in the ‘Most Innovative Best Practice’ category, as India’s first – and the world’s third – smelter to deploy the Digital Smelter Technology at its Jharsuguda plant, which is the world’s largest single-location aluminium smelter. The DX...
Hindalco Industries Limited has sharply reduced its aluminium ingot and aluminium products prices with effect from Friday, January 8, after hiking them in the past two consecutive days. With the latest cut, Hindalco’s aluminium ingot price has come in at INR 170,000 per tonne, a decrease of INR 4,500 per tonne or 2.58 per cent from INR 174,500 per tonne on January 7. Hindalco has reduced its aluminium wire rod price by INR 4,500 per tonne as well from INR 185,600 per tonne on January 7 to INR 181,100 per tonne on January 8. The company is selling its aluminium billets price at INR 177,100 per tonne with effect from January 8 in comparison with INR 181,600 per tonne on January 7. Hindalco Industries Limited links the prices of its aluminium ingot and aluminium products to the three-month...
According to the latest report from the US Geological Survey, US domestic primary aluminium production stood at 75,000 tonnes in October 2020. The average daily production was 2,430 tonnes, essentially unchanged from that in September 2020, 17% less than that in October 2019, and 10% less than that in October 2018. Total aluminium recovered from scrap was 277,000 tonnes in October 2020, slightly less than that in September 2020 and 3% less than that in October 2019. Of this, 150,000 tonnes of aluminium was recovered from new scrap and 127,000 tonnes was recovered from old scrap. In October, the average U.S. spot market price of primary aluminium ingot was $0.942 per pound, essentially unchanged from that in September 2020 and slightly less than that in October 2019. Inventories of primary...
The energy and innovation clumping ground of the 18th and 19th century which developed the UK’s industrial economy was the Black Country region in Birmingham. Now, going forward in the 21st century there is a need to create a business model that’s more economically and environmentally sustainable. In support with WMG-University of Warwick, the Black Country LEP have developed a future business model for Aluminium industry in the Black Country, stationed on the provision of low carbon energy sources, as part of a project Repowering the Black Country, which intends to make the Black Country the world’s first zero-carbon industrial cluster. The vision of the project is to enable clean GVA growth of £16 billion by 2030, creating or safeguarding at least 20,000 skilled jobs while appreciating...
China's A00 aluminium ingot price has jumped by RMB 170 per tonne on Friday, January 8, to close the week at RMB 15,710 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 15,690 per tonne and RMB 15,730 per tonne, with spot contract to be traded at a premium price of RMB 20-60 per tonne, down by RMB 40 per tonne from the previous day. In Hangzhou, A00 aluminium ingot price has surged by RMB 155 per tonne to stand at RMB 15,720 per tonne. In Gongyi and Wuxi, the price has increased by RMB 140 per tonne to come in at RMB 15,590 per tonne and 15,700 per tonne, respectively. Primary aluminium ingot price in Chongqing and Shenyang is standing at RMB 15,690 per tonne growing by RMB 140 per tonne as well. The price in Foshan, Linyi, and Tianjin has...
Benchmark aluminium price on London Metal Exchange declined by 2.64 per cent to come in at US$ 2008 per tonne on Thursday, 7 January 2021, from US$ 2062.5 per tonne on 6 January 2021. As of Thursday January 7, LME aluminium cash (bid) price stands at US$ 2008 per tonne, LME official settlement price stands at US$ 2008 per tonne; 3-months bid price stands at US$ 2020.50 per tonne, 3-months offer price is US$ 2020.50 per tonne; Dec 21 bid price stands at US$ 2078 per tonne, and Dec 21 offer price stands at US$ 2078 per tonne. The LME aluminium opening stock stood at 1313100 tonnes. Live Warrants totalled 1186250 tonnes, and Cancelled Warrants were 126850 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2041.76 per tonne. SHFE Aluminium Price Trend Benchmark aluminium...
The Aluminium Association of Canada (AAC) announced that primary aluminium sector will continue operations in a safe manner. AAC, representing more than 7,500 jobs in the regions of Quebec, applauds the Legault government's decision on this. Jean Simard, president and CEO of the AAC said: "It is with a heightened sense of responsibilities incumbent on us as employers and leading regional players, as well as with great satisfaction, that the primary aluminium industry welcomes the new measures announced by the Government of Quebec regarding the lockdown for the next 4 weeks.” "We assure the Government of Quebec, our communities and our employees, as well as their families, of our full commitment to maintain safe operations that respect the highest standards of health and safety in the...
On Thursday, January 7, Pralhad Joshi, Union Minister of Coal & Mines and Parliamentary Affairs, affirmed that National Aluminium Company Ltd (NALCO) would invest INR 30,000 crore for expansion and diversification in the next six to seven years. Joshi, while addressing the 41st Foundation Day event of NALCO in Bhubaneswar, also said that the company’s expansion plan would have a multiplier effect on the mining and mineral sector, helping achieve the vision of Atmanirbhar Bharat. Joshi added that some of NALCO’s expansion and diversification plans could come in the form of joint ventures. Plans are on board to announce some greenfield projects, for which consultations are on with the State government, said Joshi. The Minister also said that NALCO almost tripled its production in FY21 and...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued to rise by 51,000 tonnes from last week to stand at 664,000 tonnes as of Thursday, 07 January 2021. The increase was due to higher arrivals of imported primary aluminium ingots. The chart below shows the current status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Wuxi and Nanhai have come in at 249,000 tonnes and 153,000 tonnes on Thursday, 07 January 2021, an increase of 26,000 tonnes and 24,000 tonnes from prior week. Inventories in Chongqing and Linyi remained unchanged at 2,000 tonnes and 4,000 tonnes. Inventories of aluminium in Gongyi and Tianjin have risen by 6,000 tonnes and 1,000...
