The London Metal Exchange (LME) aluminium price graph depicted a faltering market picture. Declines over the November 2 close were reported across the pricing, contract, and inventory segments. The LME alumina Platts price remained stable at the session close. The LME aluminium cash bid as well as offer prices dipped by 0.42 per cent. The bid slipped to USD 3,081 per tonne from USD 3,094 per tonne, while the offer eased to USD 3,082 per tonne from 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 contracted by 0.64 per cent to USD 3,040 per tonne from USD 3,059.5 per tonne. The offer...
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,...
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Three-month LME aluminium climbed 1.24% to close at US$1,871 per tonne on Monday. SMM expects the contract to trade between US$1,850-1,890 per tonne today. As of Monday November 2, LME aluminium cash (bid) price stands at US$ 1834.50 per tonne, LME official settlement price stands at US$ 1834.50 per tonne; 3-months bid price stands at US$ 1839.50 per tonne, 3-months offer price is US$ 1839.50per tonne; Dec 21 bid price stands at US$ 1882 per tonne, and Dec 21 offer price stands at US$ 1882 per tonne. The LME aluminium opening stock stood at 1461025 tonnes. Live Warrants totalled 1219725 tonnes, and Cancelled Warrants were 241300 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1846 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to...
According to the Shanghai Metals Market, A00 aluminium ingot price in China has recorded a surge of RMB 100 per tonne on Tuesday, November 3, to stand at RMB 15,150 per tonne, marking the third consecutive day of rising since October 30. On November 2, the price opened the week with a hike of RMB 220 per tonne to exceed the level of RMB 15,000 per tonne. Today, the average A00 aluminium ingot price is expected to range between RMB 15,130 per tonne and RMB 15,170 per tonne, with spot contract to be traded at a premium price of RMB 140-180 per tonne, down by RMB 30 per tonne from the previous day. Among the major Chinese cities, Wuxi and Chongqing have seen the highest rise in A00 aluminium ingot price of RMB 90 per tonne to RMB 15,050 per tonne and RMB 15,060 per tonne, followed by an...
Manasa Prasad Mishra takes charge as the new Director - Projects & Technical for the Indian state-owned National Aluminium Company Limited (NALCO), a Navratna group ‘A’ CPSE Company. On 2 nd November’20, in a statement, it was said that Mishra was serving in the company as Executive Director of smelter and power complex at Angul, before the present assignment. Mishra, a Mechanical Engineering graduate from UCE Burla (now Veer Surendra Sai University of Technology), has begun his career in NALCO as a trainee engineer in 1984. Over more than three decades of service association with NALCO, Mr Mishra has served in various capacities in production and business development and has contributed significantly in the execution of various projects and plant operations, before he was promoted as...
Only 2 days to go to the much-awaited online conference organised by the International Bauxite, Alumina & Aluminium Society (IBAAS) on November 4-6, 2020. The conference will bring leading International experts in one platform to deliver excellent presentations on the latest topics of the aluminium industry. The registration process for the conference is on and is absolutely Free of Cost! Already 300 participants from 100 odd companies have registered for this online event. The two and half days' technical program is packed with high quality recorded presentations, with live questions and answers sessions. Speakers are from the Aluminium Stewardship Initiative (ASI), Hindalco, International Aluminium Institute (IAI), Vimetco, AKW, Worley, Metso, Outotec, Tokai Cobex, OSIsoft, Rain Carbon,...
Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC) has entered into a memorandum of understanding (MoU) with Russian Union of Producers, Suppliers and Consumers of Aluminium (RUSAL) for the co-operation in the development of aluminium production, consumption and technology transfer between both organisations, The Hitavada reported. Dr Anupam Agnihotri, Director, JNARDDC; Artem Asatur, Co-Chairman, RUSAL; M T Nimje, M J Chaddha, R N Chouhan, Dr Upendra Singh and Sanjay Wadodkar were present at the virtual meeting. Some of the agreements include: promoting exchange of experience in order to take practical steps to increase aluminium consumption; Assistance in information exchange and communications between the representatives of Russian and Indian aluminium...
Vedanta Resources, the globally diversified metal and mining company with its head office in London, United Kingdom, has been in the news for various reasons and the newest which has come up is the recent organisational changes that incorporates promoting Santosh Kumar as CMO - Asia & Oceania for Base Metals & Concentrate. Santosh Kumar, a seasoned technocrat, associated with Vedanta Group for 12 years, having a whooping proven track record in Sales & Marketing, business strategy & analysis, sourcing & procurement for commodities & capex's, Supply chain management, project execution and management, contract management to maximize business results. In his previous assignment in the organisation, he was heading the sales of the European Market for Vedanta’s aluminium business, where he...
Christian Bruch, Siemens Energy’s Chief Executive Officer, and Abdulnasser Bin Kalban, Emirates Global Aluminium’s CEO, have reportedly met to evaluate the progress of a very highly-efficient power generation facility under construction at EGA Jebel Ali site and discuss potential future cooperation. Siemens Energy is leading the construction of the power block project worth AED 1 billion. It will be the first in the global aluminium industry to use a Siemens Energy H-class gas turbine, a leading technology in efficient power generation. The facility will have a power generation capacity of over 600 megawatts of electricity. EGA generates electricity for use in its aluminium smelting and other industrial operations. Christian Bruch, CEO of Siemens Energy, said: “EGA is the largest power...
According to a recent report, some of the world’s largest aluminium producers like Norwegian group Norsk Hydro and India’s Hindalco Industries are resisting the London Metals Exchange’s plans of launching a “green aluminium” trading platform. The news came after the companies said they both opposed proposals by the LME to build a separate contract for trading lower carbon aluminium. In August, the LME announced its plans for a separate spot exchange to trade low-carbon aluminium, the first trading platform based on the environmental footprint in the exchange’s 143-year history. The LME thought a separate trading venue for low-carbon aluminium could help determine if customers were willing to pay a premium for greener metal. That, in turn, would incentivise the industry to lower its carbon...
SMM aluminium ingot price has opened higher at RMB 15050 per tonne on Monday, 02 November 2020. This records a growth of RMB 220 per tonne from Friday. The price is expected to range at RMB 15030-15070 per tonne. In Foshan and Wuxi, the price has increased by RMB 220 per tonne and RMB 210 per tonne to stand at RMB 14990 per tonne and RMB 15050 per tonne. Their average prices are expected to range within RMB 14970-15010 per tonne and RMB 15040-15060 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 15050 per tonne and RMB 14970 per tonne, up RMB 180 per tonne and RMB 220 per tonne. Aluminium ingot prices in Shenyang, Tianjin, and Linyi have dropped to stand at RMB 15080 per tonne, RMB 15010 per tonne, and RMB 15060 per tonne, up RMB 305 per tonne, RMB 200 per tonne and RMB...
Three-month LME aluminium climbed 2.44 per cent to close at US$ 1,848 per tonne on last Friday, with open interest falling to 743,000 lots. It is expected to trade between US$ 1,820-1,870 per tonne today. LME aluminium cash (bid) price and LME official settlement price rebounded on Friday, October 30, to stand at US$ 1,820.50 per tonne. 3-months bid price and 3-months offer price jumped from US$ 1,795.50 per tonne to US$ 1,823.50 per tonne. Dec 21 bid price and Dec 21 offer price stood at US$ 1,869 per tonne, an increase of US$ 25.50 per tonne from US$ 1,843.50 per tonne. The LME aluminium opening stock increased marginally from 1462750 tonnes to 1462925 tonnes. Live Warrants stood at 1219725 tonnes, while Cancelled Warrants at 243200 tonnes. LME aluminium 3-months Asian Reference Price...
The global diversified metal and mining giant Vedanta Resources Limited with its headquarters in London, UK has come with organisational changes in the recent period which includes elevating Kanishk Agarwal to CMO, Europe for Base Metals & Concentrates. Kanishk, one of the youngest CMO’s in the metal industry will be shouldering the responsibility for sales of Copper rods, aluminium value-added products and ingots & zinc concentrate to the European region. He is an Alumnus from Narsee Monjee Institute of Management Studies and Campion School. He has been associated with the Group for over 3 years and has worked extensively across functions like finance, marketing, investor relations, strategy formulation in different commodities within the Group. In his previous role, he was Country...
On Monday, October 26, three-month LME aluminium shed 1.11 per cent to settle at US$ 1,822 per tonne. On Tuesday, it hit the lowest in more than two weeks at US$1,812 per tonne earlier in the session, closing down 0.05% to come in at US$1,821 per tonne. On Wednesday, October 28, the price closed further 0.52 per cent lower at US$ 1,811.5 per tonne, which on Thursday, October 29, dropped to a three-week low at US$1,804 per tonne. LME aluminium cash (bid) price and LME official settlement price started the week on Monday, October 26, lower at US$ 1822.50 versus US$ 1829 per tonne on October 23. On Tuesday, October 27, both the prices fell sharply to stand at US$ 1808 per tonne, which on Wednesday declined further to US$ 1801 per tonne. On Thursday, October 29, both LME aluminium cash (bid)...
SMM aluminium ingot price continued to trend lower this week. The price on Tuesday, 27 October, declined by RMB 10 per tonne to stand at RMB 14880 per tonne, after remaining flat on Monday. The price dropped by RMB 140 per tonne and RMB 30 per tonne on Wednesday and Thursday, ending the price at RMB 14740 per tonne and RMB 14710 per tonne on October 28 and October 29. Aluminium ingot price ended higher at RMB 14830 per tonne on Friday, 30 October 2020. According to the Shanghai Metals Market, social inventories of primary aluminium have extended decline by 7,000 tonnes this week. The data shows the inventories have decreased across eight major consumption areas in China, including SHFE warrants, to come in at 688,000 tonnes on October 29. The alumina price in China continued to remain...
Vedanta has continued to reduce its aluminium products price. With effect from Friday, 30 October 2020, the prices of some aluminium ingots are in the range of INR 150,250-163,250 per tonne, marking a decline of INR 1,500 per tonne from INR 151,750-164,750 per tonne on October 28. The company’s billet price came in at INR 158,250 per tonne on October 30. That is down by INR 1,500 per tonne from INR 159,750 per tonne on October 28. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium prices on LME are flat so far in 2020. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a stake in Bharat Aluminium Co Ltd and smelters at Jharsuguda in...
The up-rise in primary aluminium export has supported the industry producers of the metal to cushion a rapid plunge in domestic demand amid the COVID-19 outbreak, as per the Crisil Research report. Crisil report indicates: “Primary aluminium exports rose by 50% in the first quarter of the current fiscal and constituted over 75% of the total production of the commodity.” “Among the destinations, the exports have surged to countries that have had early success in containing the pandemic, such as China, South Korea and Malaysia”, it said. However, the report also reflected that exports to china blown with mammoth 4500% on-year the low base. "On the domestic front, primary aluminium demand is estimated to have plunged 45-50% on-year in the first quarter following the nationwide and local...
On 29 th October’20, Emilo Braghi, President of Novelis Europe has been re-elected as the Chairman of European Aluminium Association at their General Assembly, which went on a virtual platform. The European Aluminium association proudly welcomed two new members in 2020, which makes the association’s total membership to leap 85 plus members representing 600 plants across 30 European nations. Emilo Braghi, said: “I am grateful to my colleagues for their confidence during this critical time for our industry. I aspire to be a strong ambassador for the entire value chain and help secure adequate support measures for our industry to recover from the corona crisis and set the right conditions for fostering the production of sustainable aluminium in Europe.” “I’m especially looking forward to the...
Three-month LME aluminium dropped to a three-week low at US$1,793 per tonne on Thursday, closing 0.41% lower at US$1,804 per tonne. SMM expects the contract to trade between US$1,790-1,830 per tonne today. As of Thursday October 29, LME aluminium cash (bid) price stands at US$ 1786 per tonne, LME official settlement price stands at US$ 1786 per tonne; 3-months bid price stands at US$ 1795.50 per tonne, 3-months offer price is US$ 1795.50 per tonne; Dec 21 bid price stands at US$ 1843.50 per tonne, and Dec 21 offer price stands at US$ 1843.50per tonne. The LME aluminium opening stock stood at 1462750 tonnes. Live Warrants totalled 1216650 tonnes, and Cancelled Warrants were 246100 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1815 per tonne. SHFE Aluminium Price...
Century Aluminum Company announced its third quarter 2020 results. Shipments of primary aluminium were 203,022 tonnes in Q3, down 3% from 210,309 tonnes Q2 2020. Net sales stood at $392.9 million compared with $401.9 million for the second quarter of 2020, down 2% on lower LME prices and regional premiums. Adjusted EBITDA came in at $(31.4) million in Q3, a decrease of $36.0 million primarily driven by unfavourable LME and regional premium price realizations, and higher seasonal power costs. The company posted a net loss of $(58.2) million and a $(64.4) million net loss on an adjusted basis in Q3. The results were impacted by $6.2 million of exceptional items, including a $15.4 million lower of cost or net realizable value inventory adjustment (net of tax), offset by $8.0 million of...
