Europe's aluminium industry is facing mounting pressure from rising carbon costs, shifting trade policies and limited willingness among buyers to pay premiums for low-carbon metal. Yet, despite a series of crises since the Covid pandemic, producers remain committed to maintaining their presence in Europe and investing in decarbonisation, said Paul Voss, Director General of European Aluminium. In an exclusive interview with Fastmarkets at Aluminium Düsseldorf, Voss described the European aluminium industry's condition as bruised but resilient. He highlighted concerns over the EU Emissions Trading System (ETS), the potential inclusion of indirect (Scope 2) emissions under the Carbon Border Adjustment Mechanism (CBAM) and the treatment of aluminium scrap in carbon accounting. Reflecting on...
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...
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Yunnan Yongshun Aluminium Co., Ltd. has joined Aluminium Stewardship Initiative (ASI) as a new Production & Transformation member. This brings the total number of ASI Members to 137. Yunnan Yongshun Aluminium Co., Ltd. is a company jointly funded by Yongxin Aluminium Co., Ltd. of Yunnan Aluminium Group and Xiamen Xiashun Aluminium Foil Co., Ltd. The designed production capacity of the 1st phase project is 150 thousand tons of mid-to-high end aluminium alloy flat ingot annually. Yongshun Co., Ltd. was established on Feb. 8th, 2018. The company started producing on Dec. 31st 2019 and the 1st batch of aluminium ingots were produced on Jan 1st, 2020. “Yunnan Yongshun Aluminium Co., Ltd. focuses on producing high-end aluminium flat alloy ingots by directly making use of electrolysis liquid, We...
On 19 th October’20, Sanjeev Gupta, Executive Chairman and CEO of GFG Alliance in the London Metals Exchange (LME) Seminar, said: “GFG Alliance plans to boost its aluminium production capacity to at least 1 million tonnes/year within the next two years via acquisitions” “This would be up from the group's current capacity of almost 600,000 tonnes/year of aluminium production”, Gupta told delegates at the virtual event. He said: "We're targeting more acquisitions. Aluminium will play a vital role in the transition to a sustainable world, by reducing the weight in electric cars, for example, we see growing demand ahead." The GFG Alliance Chief did not comment on whether further expansions might occur but revealed they would be in Europe. GFG's current aluminium production capacity is focused...
Hindalco Industries Limited has reduced its aluminium ingot and aluminium product prices by INR 1,250 per tonne with effect from Tuesday, October 20, following a sharp hike of INR 3,500 per tonne on Saturday, October 17. With the latest cut, Hindalco’s aluminium ingot price has come in at INR 156,250 per tonne from INR 157,500 per tonne on October 17. Hindalco’s aluminium wire rod price is now standing at INR 167,350 per tonne, also lower by INR 1,250 per tonne than INR 167,350 per tonne on the previous day. The company’s aluminium billet price is being cut from INR 164,600 per tonne to INR 163,350 per tonne. Hindalco generally links its aluminium product prices to the three-month futures of aluminium on the London Metal Exchange, which on October 19 declined from US$ 1865.50 per tonne to...
South32 Ltd reported a 1% quarter-on-quarter rise in aluminium production in the September quarter. Aluminium production stood at 248,000 tonnes in 1Q21, from 245,000 tonnes in 4Q20. The output remained unchanged year-on-year. Hillside Aluminium saleable production increased by 1% quarter-on-quarter to 180,000 in the September 2020 quarter as the smelter continued to test its maximum technical capacity, despite the impact from load-shedding. The output was down 1% year-on-year. The production guidance remains unchanged at 720,000 tonnes for FY21. Mozal Aluminium saleable production increased by 1% quarter-on-quarter to 68,000 tonnes in the September 2020 quarter as the smelter continued to test its maximum technical capacity, despite the impact from load-shedding. The output was also up...
Bharat Aluminium Company (BALCO) has been recently recognised as one the Best Brands in 2020 by The Economic Times. BALCO is seen as a national leader in aluminium production and well-acknowledged for its consumer trust and quality. So, this prestigious recognition is to celebrate BALCO’s unparalleled value as a brand, its innovativeness, and the ability to deliver the best quality products and services to consumers and channel partners. The conferring of this recognition also represents the strong positioning of BALCO’s reputation in the ever-challenging business environment. BALCO is owned 49 per cent by the Government of India and 51 per cent by Vedanta Limited. BALCO with its world-class smelter and power plants fulfils its mission of spurring emerging applications of Aluminium as the...
Hopes gradually appear to grow for the Tiwai Point aluminium smelter to remain open for another three to five years. However, the major stakeholder Rio Tinto declared in July’20 that it would shut down the Tiwai Aluminium smelter by August 2021 provided its high energy costs and a challenging outlook for the aluminium industry. The Southland leaders and present ruling Government have to fit in the shoes to try and keep Tiwai aluminium smelter open for a longer period, otherwise, 1000 jobs would be lost, another 1600 indirect jobs would be at risk and the economy would take a massive blow. A spokesman for finance minister Grant Robertson said: “This week a priority of the new Government was to reach an agreement with Rio Tinto that would result in the plant staying open for three to five...
Three-month LME aluminium slid 0.97% to settle at US$1,845.5 per tonne on Monday. The contract is expected to trade between US$1,830-1,870 per tonne today. As of Monday October 19, LME aluminium cash (bid) price stands at US$ 1848 per tonne, LME official settlement price stands at US$ 1848 per tonne; 3-months bid price stands at US$ 1859 per tonne, 3-months offer price is US$ 1859 per tonne; Dec 21 bid price stands at US$ 1911 per tonne, and Dec 21 offer price stands at US$ 1911 per tonne. The LME aluminium opening stock stood at 1406550 tonnes. Live Warrants totalled 1174175 tonnes, and Cancelled Warrants were 232375 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1863.59per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE decreased to stand at...
Vedanta Limited has again reduced its aluminium ingot and aluminium product prices with effect from Tuesday, October 20, following a hike of INR 3,500 per tonne on October 17. With the latest cut, the price of Vedanta’s aluminium ingot has come in at INR 154,250-167,250 per tonne, down by INR 1,250 per tonne or nearly 1 per cent from INR 155,500-168,500 per tonne. Vedanta’s aluminium billet price is now at INR 162,250 per tonne after being reduced by INR 1,250 per tonne from INR 163,500 per tonne. The price of the company’s aluminium wire rod is also down by the same amount to INR 161,750-169,250 per tonne versus INR 163,000-170,500 per tonne on October 17. Like any other Indian aluminium producers, Vedanta generally links its aluminium product prices to the three-month futures of...
Albras, the largest producer of primary aluminium in Brazil, has joined Aluminium Stewardship Initiative as a new Production & Transformation member. This brings the total number of ASI Members working toward a responsible aluminium value chain to 136. Albras produces liquid metal, P1020 aluminium alloy ingots, PFA (Primary Foundry Alloy or Primary Aluminium Alloy), P0610, P1015 and Bus bars. Hydro is the company’s main shareholder, with 51% of the shares in this joint venture. The other shareholder is NAAC – Nippon Amazon Aluminum Co. Ltd., formed by a consortium of Japanese companies, trading companies, consumers and manufacturers of aluminium products. “ASI (Aluminum Stewardship Initiative) certification is a big step towards strengthening Albras’ position in the world market. Albras’...
China’s aluminium production increased 7.9% from a year earlier as prices recovered and new smelters came online. The daily output also reached a record high of 105,333 tonnes last month. Aluminium production came in at 3.16 million tonnes in September, according to the National Bureau of Statistics. The output was down month-on-month. China had produced 3.171 million tonnes of aluminium in August. In January-September, aluminium production in China amounted to 27.45 million tonnes, an increase of 2.8% from a year earlier. 375,000 tonnes of new annual capacity came on stream in September and a further 160,000 tonnes of capacity restarted, according to research house Antaike. “(September production rose) due to the ramp up of new capacities in Yunnan and Sichuan,” said CRU analyst Wan...
SMM aluminium ingot price recorded an increase after two days of drop. The price climbed by RMB 110 per tonne to stand at RMB 15060 per tonne on Monday, 19 October 2020, from Friday price of RMB 14950 per tonne. The price is expected to range at RMB 15040-15080 per tonne. In Foshan and Wuxi, the price rose by RMB 140 per tonne and RMB 110 per tonne to stand at RMB 14960 per tonne and RMB 15060 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 15050 per tonne and RMB 15045 per tonne, up RMB 110 per tonne and RMB 115 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi increased to stand at RMB 15035 per tonne, RMB 15040 per tonne, RMB 15040 per tonne, and RMB 14940 per tonne. The aluminium alloy (ADC12) price stood at RMB 15300 per tonne on Monday,19...
Hindalco Industries Limited has increased its aluminium ingot and aluminium product prices with effect from Saturday, October 17, following a cut on October 16. The price of Hindalco’s aluminium ingot has been raised by INR 3,500 per tonne on October 17 after being reduced by INR 1,500 per tonne on October 16. Hence, the price is now standing at INR 157,500 per tonne versus INR 154,000 per tonne on October 16. Hindalco’s aluminium wire rod price has come in at INR 168,600 per tonne with effect from October 17, also up by INR 3,500 per tonne from INR 165,100 per tonne on October 16. The price of aluminium billets is at INR 164,600 per tonne compared with INR 161,100 per tonne on Friday. Like any other Indian aluminium producers, Hindalco links the prices of its products to the three-month...
The largest aluminium producer in Egypt and one of the largest in Africa, Egyptalum, has assigned the US-based company Bechtel an engineering consultant contract for the former's seventh production line project. The main purpose of the project is to increase Egyptalum's production of aluminium, with Bechtel being highly qualified in managing aluminium smelters projects. An official of Egyptalum said: “Based on the selection, the company will start implementing the project before the end of 2020. In a two-stage process, Egyptalum aims to increase its production of primary aluminium by 250,000 tonnes per year using modern technology.” Egyptalum said that a session in which the technical bids were opened was held according to the date set for the public tender that had previously been...
Three-month LME aluminium stood at US$ 1,872.5 per tonne on Friday, October 16, the highest since April 2020, before paring some gains to end 0.49 per cent higher at US$ 1,863.5 per tonne. It is expected to move between US$ 1,840-1,880 per tonne today. Both LME aluminium cash (bid) price and LME official settlement price jumped from US$ 1824 per tonne to US$ 1865.50 per tonne, as of Friday, October 16, after two consecutive downfalls on the previous two days. 3-months bid price and 3-months offer price stood at US$ 1863.50 per tonne, up by US$ 24 per tonne from US$ 1839.50 per tonne on October 15. Dec 21 bid price and Dec 21 offer price increased from US$ 1896 per tonne to US$ 1910 per tonne. The LME aluminium opening stock extended decline 1407025 tonnes to 1406575 tonnes. Live Warrants...
China’s Henan Shenhuo Group is expected to start production at the second phase of its 900,000 tonnes per year aluminium project by the first quarter of CY2021, said an official familiar with the matter. The second phase of the project, located in Wenshan prefecture in Yunnan province, will be having a capacity of 450,000 tonnes per annum, said Li Zhongyuan, general manager of listed unit Henan Shenhuo Coal & Power, on the sidelines of an industry conference. "The second phase of the project in Wenshan should be put into production in the first quarter of next year," Li told Reuters at the China International Aluminium Week organised by Antaike in the southwestern city of Chongqing. With the abundant resources of hydropower, Wenshan has emerged as a major centre of China’s aluminium...
METLDEX, the first base metal futures indices from MCX, India’s largest multi-commodity exchange is going live from 19 th October’20 and is ready to reform the way prices are spotted as the indices will be traded on the real-time domestic prices. Presently, domestic metal prices are pivoted to the London Metal Exchange (LME) prices which have been a restraint to real-time price discovery. MCX said: “But with METLDEX, this is going to end. These indices will be the first tradable real-time base metals indices in the country.” METLDEX is established on base metal like Aluminium and also on other four metals like zinc, copper, nickel and lead which are traded on the MCX. On 16 th October’20, Chittaranjan Rege, Head of base metals at MCX said: "With the launch of the iComdex base metals...
Vedanta has raised its aluminium products price today after reducing it yesterday. With effect from October, 17 October 2020, the prices of some aluminium ingots are in the range of INR 155,500-168,500 per tonne. The price recorded a hike of INR 3,500 per tonne or 2.3% from INR 152,000-165,000 per tonne on October 16 2020. Vedanta is now selling its billet at INR 163,500 per tonne on October 14. That is up INR 3,500 per tonne from INR 160,000 per tonne on October 16. 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 risen by more than 1% so far in 2020. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a stake in...
Three-month LME aluminium rose 0.49 per cent on Monday, October 12, to end at US$ 1,856 per tonne. On October 13, it ended 0.16% lower at US$1,853 per tonne an shed further on October 14 to come in at US$ 1,847.5 per tonne. On October 15, however, the price strengthened 0.51% to end at US$1,854.5 per tonne. LME aluminium cash (bid) price and LME official settlement price recorded an uptrend this week during October 12-16 by US$ 36 per tonne amidst declining LME aluminium opening stock from 1422475 tonnes 1406575 tonnes. The prices started the week on Monday, October 12, at US$ 1829.50 per tonne and then grew to INR 1841 per tonne on Tuesday, October 13. However, on October 14, both LME aluminium cash (bid) price and LME official settlement price slipped by US$ 5 per tonne to stand at US$...
