The aluminium trade graph, excluding scrap, of Argentina in the first eight months of 2026, till August, continues to surge with steady momentum, indicating an increase in shipments and export earnings of the nation. As of year-to-date (YTD) August 2026, Argentina exported a total of 48,977 tonnes, valued at USD 179.05 million. Excluding aluminium scrap, the export basket covered all the articles of aluminium products including unwrought, bars, rods and profiles, foil, plates, sheets and strips, tube or pipe fittings and aluminium wire. Explore: Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook Volume and value register strong year-on-year growth Calculating the year-on-year growth,...
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...
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Hydro announced that internal testing program has verified the company’s new primary aluminium production technology, HAL4e. The test shows that Karmøy Technology Pilot is operating at around 15 percent lower energy consumption than the world average. Hydro Karmøy Technology Pilot started producing aluminium in January 2018. The target was an industrial full-scale verification of aluminium production technology. The final performance test proved successful results. “Twenty of the 60 HAL4e pots were selected for the final performance test, which was conducted for 75 days between October and December. During the test period, a range of additional measurements were performed on a number of parameters and exact production figures were traced and recorded. The energy results came in at 12.27...
According to the Shanghai Metals Market, A00 aluminium ingot price has extended the downfall, although slower than on December 21, to stand at RMB 16,350 per tonne, as of Tuesday, December 22. The price today has fallen by RMB 180 per tonne compared with the decline of RMB 430 per tonne on Monday. The average aluminium ingot prices are expected to range between RMB 16,330 per tonne and RMB 16,370 per tonne, with the spot contract to be traded at a premium price of RMB 220-240 per tonne, down by RMB 10 per tonne from the previous day. A00 aluminium ingot price in Linyi has seen the highest downfall of RMB 230 per tonne to RMB 16,350 per tonne, followed by the decline of RMB 200 per tonne in Foshan to RMB 16,460 per tonne on December 22. In Chongqing and Wuxi, A00 aluminium ingot price has...
Benchmark aluminium price on London Metal Exchange dropped 1.78 per cent to US$ 2012.5 per tonne on Monday, 21 December 2020, from US$ 2049 per tonne on Friday. As of Monday December 21, LME aluminium cash (bid) price stands at US$ 2012.50 per tonne, LME official settlement price stands at US$ 2012.50 per tonne; 3-months bid price stands at US$ 2023.50 per tonne, 3-months offer price is US$ 2023.50 per tonne; Dec 21 bid price stands at US$ 2038.50per tonne, and Dec 21 offer price stands at US$ 2038.50per tonne. The LME aluminium opening stock stood at 1390350 tonnes. Live Warrants totalled 1201500 tonnes, and Cancelled Warrants were 188850 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2031.42per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE...
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter (ex-China) with a production of more than 1.35 million tonnes per annum has bagged the much-coveted GCC Industrial Project of the Year in the 2020 edition of the MEED Projects Awards for its Line 6 expansion project. The MEED Projects Awards recognise the best projects in the GCC across various sectors and promotes best practices in project delivery and operations, as well as innovation and sustainability. The Line 6 Expansion Project of Alba has also been elected as National Winner for both Industrial Project of the Year and Mega Project of the Year Awards. Following a rigorous judging process based on a range of criteria including innovation, sustainability, design, and engineering among others, Alba’s Line 6...
The LME complex ended mixed on last Friday, with aluminium fell 0.56 per cent. Benchmark aluminium price on the London Metal Exchange closed the week with an increase of 1.04 per cent to stand at US$ 2049 per tonne. Both LME aluminium cash (bid) price and LME official settlement price soared by US$ 21 per tonne on Friday, December 18, to peg at US$ 2049 per tonne. 3-months bid price and 3-months offer price stood at US$ 2059 per tonne growing by US$ 18 per tonne from US$ 2041 per tonne on December 17. Dec 21 bid price and Dec 21 offer price came in at US$ 2074 per tonne, up by US$ 10 per tonne from the previous day. The LME aluminium opening stock further decreased to 1367025 tonnes on Friday, December 18. Live Warrants hovered at 1180375 tonnes, while Cancelled Warrants at 186650 tonnes....
Alcoa Corporation will stop its curtailment plans for its San Ciprián aluminium smelter in Spain while after High Court of Justice of Galicia declared the collective dismissal process “null and void.” In October, the company announced it will cut the smelter’s 228,000 tons of annual capacity and proceed with the collective dismissal of employees after completing four months of consultations. The workers’ representatives filed a lawsuit with the Court, which ruled in favour of the workers on December 17, 2020. As a result, Alcoa will not incur the expected charge of $35 million to $40 million for employee-related costs in the fourth quarter. The company will now expect a negative impact on income before income taxes of approximately $10 million in Q4 due to a related labor strike at both...
SMM aluminium ingot price marks a drop of RMB 430 per tonne after three days of rise. The price now stands at RMB 16530 per tonne on Monday, December 21, 2020 from Friday’s price of RMB 16960 per tonne. The price and is expected to move within a range of RMB 16510-16550 per tonne. In Foshan and Wuxi, the price has inched down by RMB 410 per tonne and RMB 430 per tonne to stand at RMB 16660 per tonne and RMB 16530 per tonne. Aluminium prices in Hangzhou and Chongqing have come in at RMB 16530 per tonne and 16525 per tonne, down RMB 430 per tonne and RMB 425 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi have declined to stand at RMB 16520 per tonne, RMB 16520 per tonne, RMB 16580 per tonne, and RMB 16320 per tonne. The aluminium alloy (ADC12) price stands at RMB...
The world's leading producer of low carbon aluminium and largest private sector generator of hydropower, EN+ Group, highlighted the response published last week by the London Metal Exchange (LME) towards industry feedback on its sustainability discussion paper that En+ counts do not address the industry's concerns. En+ believes the LME's announced plans acts for a lost opportunity to drive industry-wide meaningful change as the world looks to 'build back better' from the impact of the global COVID-19 pandemic in 2021. Lord Barker, Executive Chairman of En+ Group, said: "We warmly welcome this long-overdue first step by the LME into the low carbon age but it doesn't go far enough. London should lead global Green commerce and trading; timid actions don't cut it. So, we will be looking for...
National Aluminium Company Limited (NALCO) has reduced the prices of its aluminium ingot and aluminium products with effect from Friday, December 18, after an interim hike on December 15. With the latest cut, NALCO’s aluminium ingot price has come in at INR 172,350-175,850 per tonne, down by INR 1400 per tonne or per cent from INR 173,750–177,250 per tonne on December 15. NALCO’s aluminium wire rod price has also been cut by INR 1400 per tonne from INR 177,250-181,600 per tonne on December 15 to INR 175,850-180,200 per tonne on December 18. NALCO’s aluminium billets price is standing at INR 175,800- 178,450 per tonne as against INR 177,200-179,850 per tonne on December 15. NALCO, like any other Indian aluminium producers, links its aluminium product and aluminium ingot prices to the...
Benchmark aluminium price on the London Metal Exchange rose by US$ 6.5 per tonne over the week to settle at US$ 2049 per tonne, as of Friday, December 18. Both LME aluminium cash (bid) price and LME official settlement price edged higher this week during December 14-18 after swinging between US$ 2042.50 per tonne and US$ 2049 per tonne. Starting the week on Monday, December 14, at US$ 2042.50 per tonne, the prices shrank to US$ 2022 per tonne on Tuesday, December 15. On Wednesday, December 16, both LME aluminium cash (bid) price and LME official settlement price increased to US$ 2029 per tonne but then dipped by US$ 1 per tonne to US$ 2028 per tonne on Thursday, December 17. To end the week on a bullish note, the prices settled higher at US$ 2049 per tonne. So, over the week, LME...
On 18 th December’20, Harsco Corporation announced that its subsidiary ALTEK is now able to deliver end-to-end dross processing and environmental solutions to enable the global aluminium industry to maximize aluminium recoveries and achieve zero waste. Harsco acquired U.K.-based ALTEK in May 2018, a leading supplier of innovative process technology to the worldwide aluminium industry, to expand the metal recovery by-product reuse capabilities of its environmental division, Harsco Environmental (HE), into the aluminium industry. ALTEK has active equipment in over 600 locations around the world and works with customers, supplying knowledge and technology to improve operating efficiencies and productivity, reduce waste generation, and manage and extract value from waste streams. Presently,...
On 15 th December’20, The Economic Times in a virtual ceremony have recognised Mr Abhijit Pati, CEO and Director of BALCO as ‘Most Promising Business Leaders of Asia 2020-21. This award recognizes eminent business leaders who are poised to make a significant impact in shaping the business demographics of not just their country but also beyond. Mr Pati with an illustrious career spanning over 30 years in the Aluminium Industry has served in several leadership profiles delivering exponential growth. Under his leadership, BALCO continues to deliver excellence. He is passionate about new ideas, innovation, safety, sustainability, and digitalization across the entire value chain. He is also a visionary in the areas of corporate social responsibility and diversity & inclusion. Mr Abhijit Pati,...
A00 aluminium ingot price has soared by RMB 230 per tonne to stand at RMB 16,960 per tonne on Friday, December 18, according to the Shanghai Metals Market. The continuous rise in domestic primary aluminium demand amid limited stocks at warehouses has contributed to the third consecutive day of A00 aluminium ingot price growth. The average prices today are expected to range between RMB 16,940 per tonne and RMB 16,980 per tonne, with the spot contract to be traded at a premium price of RMB 230-270 per tonne, down by RMB 20 per tonne from December 17. In Chongqing, primary aluminium ingot price has recorded the highest growth of RMB 235 per tonne to stand at RMB 16,950 per tonne, followed by an increase of RMB 225 per tonne in Shenyang to RMB 16,915 per tonne. In Foshan and Hangzhou, A00...
Benchmark aluminium price on the London Metal Exchange dipped to US$ 2028 per tonne on Thursday, December 17, 2020, from US$ 2029 per tonne on Wednesday. Both LME aluminium cash (bid) price and LME official settlement price dipped marginally by US$ 1 per tonne to stand at US$ 2028 per tonne on Thursday, December 17. 3-months bid price and 3-months offer price stood at US$ 2041 per tonne, down by US$ 4.5 per tonne from US$ 2045.50 per tonne. Dec 21 bid price and Dec 21 offer price came in at US$ 2064 per tonne decreasing by US$ 7.50 per tonne from that in December 16. The LME aluminium opening stock plunged to 1371300 tonnes on December 17. Live Warrants stood at 1189275 tonnes, while Cancelled Warrants at 182025 tonnes. LME aluminium 3-months Asian Reference Price stood at US$ 2049.50 per...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued to reduce this week. Inventories stood 589,000 tonnes as of Thursday, 17 December 2020, a drop of 7,000 tonnes from a week ago. The chart below shows the current status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Wuxi and Tianjin increased by 5,000 tonnes and 1,000 tonnes from a week ago to 178,000 tonnes and 46,000 tonnes as of Thursday, 17 December 2020. Inventories in Gongyi, Chongqing and Linyi remained unchanged at 66,000 tonnes, 2,000 tonnes and 5,000 tonnes. Inventories of aluminium in Shanghai, Nanhai and Hangzhou stood at 91,000 tonnes, 130,000 tonnes and 71,000 tonnes. That was...
The Anglo-Australian multinational and the world's second-largest metals and mining corporation, Rio Tinto has appointed Jakob Stausholm as chief executive, effective 1 January 2021. In 2018, Mr Stausholm joined Rio Tinto as an Executive Director and Chief Financial Officer and since then he has played a leading role in the Group’s strong performance, maintaining capital allocation discipline and delivering significant shareholder returns, while strengthening the balance sheet. Jakob Stausholm, an experienced global executive, with 25 years in leadership roles in capital intensive and service industries across Europe, Latin America and Asia-Pacific. Before joining at Rio Tinto, he was Group Chief Financial Officer and Strategy & Transformation Officer of A.P. Moeller – Maersk A/S....
According to the Shanghai Metals Market, A00 aluminium ingot price has extended growth for the second consecutive day by RMB 80 per tonne on Thursday, December 17, to stand at RMB 16,730 per tonne. The average prices are expected to range between RMB 16,710 per tonne and RMB 16,750 per tonne, with the spot contract to be traded at a premium price of RMB 250-290 per tonne. In Hangzhou and Linyi, A00 aluminium ingot price has expanded by RMB 100 per tonne to come in at RMB 16,740 per tonne and RMB 16,690 per tonne, respectively, while that in Wuxi has increased by RMB 90 per tonne to stand at RMB 16,750 per tonne. In Gongyi, Foshan, and Shenyang, A00 aluminium ingot price has hiked by RMB 80 per tonne to RMB 16,530 per tonne, RMB 16,850 per tonne, and RMB 16,690 per tonne. In Chongqing, the...
Benchmark aluminium price on London Metal Exchange edged up 0.35 per cent to US$ 2029 per tonne on Wednesday, 16 December 2020, from US$ 2022 per tonne on Tuesday. As of Wednesday December 16, LME aluminium cash (bid) price stands at US$ 2029 per tonne, LME official settlement price stands at US$ 2029 per tonne; 3-months bid price stands at US$ 2045.50 per tonne, 3-months offer price is US$ 2045.50 per tonne; Dec 21 bid price stands at US$ 2071.50 per tonne, and Dec 21 offer price stands at US$ 2071.50 per tonne. The LME aluminium opening stock stood at 1377225 tonnes. Live Warrants totalled 1191275 tonnes, and Cancelled Warrants were 185950 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2033.94 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for...
