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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SMM aluminium ingot price started the week with an increase of RMB 90 per tonne and RMB 30 per tonne on Monday and Tuesday, ending the price at RMB 14940 per tonne and RMB 14970 per tonne on October 12 and October 13. The price registered a drop on Thursday and Friday. Aluminium ingot price ended RMB 10 per tonne lower at RMB 14950 per tonne on Friday, from Thursday’s closing of RMB 14960 per tonne. As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased slightly this week. Inventories stood 719,000 tonnes as of Thursday, October 15 2020, an increase of 4,000 tonnes from a week ago. The alumina price in China continued to remain flat over the week. The price on Wednesday, October 14,...
Vedanta Limited has cut its aluminium ingot and aluminium product prices with effect from October 16 after five consecutive hikes since October 6. The price of aluminium ingot has been reduced by INR 1,500 per tonne or 1 per cent from INR 153,500-166,500 per tonne to INR 152,000 -165,000 per tonne. Vedanta’s aluminium billet price is now at INR 160,000 per tonne, also down by INR 1,500 from INR 161,500 per tonne. With the latest cut, the price of Vedanta’s aluminium wire rod has come in at INR 159,500-167,000 per tonne versus INR 161,000-168,500 per tonne on October 14. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on the London Metal Exchange, which dipped on October 15 from US$ 1836 per tonne to US$ 1824 per tonne but again...
Rio Tinto has collaborated with Geocycle Canada and Lafarge Canada for circular economy initiative. The trio will work together to reuse waste from the aluminium smelting process to make cement. Rio Tinto, Geocycle Canada and Lafarge Canada will reduce the need to extract other raw materials and create value from waste. Rio Tinto Aluminium Manager, Valorization and Marketing, Stéphane Poirier said: "This partnership shows how Rio Tinto is innovating to find new ways to reuse waste, generating value from our operations and reducing their environmental footprint. We have worked closely with Lafarge Canada and Geocycle Canada over the past two years to develop a product that meets their needs and look forward to building on this partnership." Lafarge Canada’s subsidiary Geocycle Canada and...
China will add another 3 million tonnes of annual aluminium production capacity in 2021 – more than half the capacity in the emerging smelting hub of Yunnan province, said Antaike on Wednesday, October 14. The abundant availability of hydropower in Yunnan already bought some major aluminium producers like China Hongqiao Group to the province after the Government announced the companies would need to operate in clean-energy-rich areas to keep developing. Analyst Wang Hongfei said at the China International Aluminum Week conference in Chongqing that Antaike sees 1.88 million tonnes of capacity coming on stream in Yunnan next year, following 1.63 million tonnes of capacity in 2020. Antaike also expects 370,000 tonnes of capacity to come online in Guangxi, 550,000 tonnes in Inner Mongolia,...
Rio Tinto announced production results for the third quarter of 2020. Aluminium production stood at 0.8 million tonnes in Q3, 1% higher than the third quarter of 2019 on stable operations across its smelter portfolio. The output was up by 2% quarter-on-quarter. “Our aluminium business continues to demonstrate operational stability and performance across the supply chain, despite the continued impact of COVID-19. The Becancour smelter in Quebec, Canada is operating close to full capacity and good progress has been made on the pot relining at the Kitimat smelter in British Columbia, Canada,” Rio Tinto said. In the nine months period, aluminium production stood at 2.365 million tonnes, down 1% year-on-year. The company increased the proportion of primary metal being produced as VAP to 45% of...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased slightly this week. Inventories stood 719,000 tonnes as of Thursday, October 15 2020, an increase of 4,000 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 Nanhai increased by 7,000 tonnes and 5,000 tonnes from a week ago to 221,000 tonnes and 200,000 tonnes as of Thursday, 15 October 2020. Stocks in Hangzhou stood at 73,000 tonnes, up 1,000 tonnes. Inventories of aluminium in Shanghai and Gongyi stood at 118,000 tonnes and 53,000 tonnes. That was down 4,000 tonnes and 5,000 tonnes from last Thursday. Primary aluminium...
Three-month LME aluminium strengthened 0.51% to end at US$1,854.5 per tonne on Thursday. The contract is expected to fluctuate between US$1,830-1,870 per tonne today. As of Thursday October 15, LME aluminium cash (bid) price stands at US$ 1824 per tonne, LME official settlement price stands at US$ 1824 per tonne; 3-months bid price stands at US$ 1839.50 per tonne, 3-months offer price is US$ 1839.50 per tonne; Dec 21 bid price stands at US$ 1896 per tonne, and Dec 21 offer price stands at US$ 1896 per tonne. The LME aluminium opening stock stood at 1407025 tonnes. Live Warrants totalled 1126300 tonnes, and Cancelled Warrants were 280725 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1845.07per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE...
A00 aluminium ingot price has extended its drop, albeit lower than October 15, by RMB 10 per tonne to stand at RMB 14,950 per tonne, as of Friday, October 16, found the Shanghai Metals Market. The average prices are expected to range between RMB 14,930 per tonne and RMB 14,970 per tonne, with spot contract to be traded at a premium price of RMB 250-290 per tonne, up by RMB 230 per tonne from the previous day. Yesterday, on October 15, primary aluminium ingot price decreased by RMB 20 per tonne from RMB 14,980 per tonne to RMB 14,960 per tonne, according to SMM. However, the decline in price today has not touched upon all the major markets in China except Shenyang, Chongqing, and Foshan, where A00 aluminium ingot price has shrunk by RMB 25 per tonne, RMB 20 per tonne, and RMB 10 per tonne...
Vedanta, the multi-billion dollar mining and metal Group invests big on industry 4.0 and digital technologies to stay relevant in the metal industry. The demand for metals is growing continuously, as the global population rises and aluminium stands as the second most essential metal in the world. The metal industry plans to invest significantly in digital operation solutions over the next five years across the globe. However, this investment is rendering into a progressively advanced level digitalization and integration, and the outcome of it is substantial operational cost savings, safety, and sustainability of the business as well as social inclusiveness. The companies in the metal industry are counting on Industry 4.0, besides from digital technologies. The technology empowers...
Alcoa Corporation reported results for the third quarter 2020 results. The company sets new production records for Alcoa-operated bauxite mines and the Alumina segment. In Alumina, Alcoa’s third-party shipments rose approximately 6 percent sequentially, primarily due to the timing of shipments and higher overall production. In Aluminium, third-party shipment reduced approximately 3 percent due to the curtailment of the Intalco smelter in Q3 2020. Alcoa realized an 11 percent sequential increase in sales volume of value-add products on improved demand from the automotive sector. “Across all of our segments, we are delivering solid results and continuing to improve overall performance,” said Alcoa President and CEO Roy Harvey. “In the third quarter, we captured the gains from better pricing...
A00 aluminium ingot price records a drop of RMB 20 per tonne on Thursday, 15 October 2020 after four consecutive increases. The price stands at RMB14960 per tonne today, from its previous price of RMB 14980 per tonne. The price is expected to move within a range of RMB 14940-14980 per tonne. In Foshan and Wuxi, the price has dropped by RMB 10 per tonne and RMB 30 per tonne to stand at RMB 14830 per tonne and RMB 14950 per tonne. Aluminium prices in Hangzhou and Chongqing have reduced to stand at RMB 14945 per tonne and 14950 per tonne, down RMB 35 per tonne and RMB 15 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi and Gongyi have declined to stand at RMB 14940 per tonne, RMB 14920 per tonne, RMB 14915 per tonne and RMB 14810 per tonne. Australian alumina FOB price stands...
Three-month LME aluminium shed 0.43 per cent to end at US$ 1,847.5 per tonne on Wednesday, October 14, after hitting an intraday high at US$ 1,858.5 per tonne earlier in the session. It is expected to move between US$ 1,830-1,870 per tonne today. Both LME aluminium cash (bid) price and LME official settlement price slipped by US$ 5 per tonne from US$ 1841 per tonne to US$ 1836 per tonne, as of October 14, after increasing for four consecutive days. 3-months bid price and 3-months offer price stood at US$ 1853.50 per tonne, down marginally by US$ 0.50 per tonne from the previous day. Dec 21 bid price and Dec 21 offer price, however increased by US$ 1.50 per tonne from US$ 1904 per tonne to US$ 1905.50 per tonne. The LME aluminium opening stock extended decline 1412600 tonnes to 1412125...
The Indian heavy engineering company, ISGEC has successfully commissioned a combustion modified 150 MW boiler for Hindalco’s Aditya Aluminium unit in Sambalpur, Odisha. The project incorporated the entire modification of the combustion system of a digressive fired boiler to drastically reduce Nitrogen Oxides (NOx) emissions in line with the revised and more stringent norms issued by the Ministry of Environment, Forests and Climate Change. Isgec executed this project in collaboration with BHI FW Corpn., USA. The extent of the project included design, engineering, manufacturing, supply, transportation, construction, commissioning, and performance guarantee testing. In December 2019, the site work at the project was inaugurated and the performance guarantee test successfully conducted in the...
AlCircle’s first-of-its-kind “Global Aluminium Expo 2020”, as expected has turned into a successful two-day mega event. We are glad to share the total attendee registrations for the two-day event reached to 1107 from 85 countries around the world. It has been analysed that approx. 25% of the attendees, that is 276 in numbers has been present on both the days of the event and 2 hours: 3 minutes was the record average time spent by an attendee at the event. Just click on the video and have a post virtual tour of the event: AlCircle team once again remains thankful to all the 10 sponsors and 27 exhibitors who participated in this global event. The valuable contribution from our sponsors, exhibitors and cherished attendees from 85 countries has supported us to organize this successful event....
Vedanta has raised its aluminium products price for the fifth time in a row. With effect from Wednesday, 14 October 2020, the prices of some aluminium ingots are in the range of INR 153,500-166,500 per tonne. That is up by INR 1,500 per tonne from INR 152,000-165,000 per tonne on October 13 2020. Vedanta is now selling its billet at INR 161,500 per tonne on October 14, registering a hike of INR 1,500 per tonne from INR 160,000 per tonne on October 13. 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 increased by more than 2% 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...
Three-month LME aluminium hit the highest in more than one year at US$1,858.5 per tonne earlier in the session, ending 0.16% lower at US$1,853 per tonne on Tuesday. It is likely to move between US$1,830-1,870 per tonne today. As of Tuesday October 13, LME aluminium cash (bid) price stands at US$ 1841 per tonne, LME official settlement price stands at US$ 1841 per tonne; 3-months bid price stands at US$ 1854 per tonne, 3-months offer price is US$ 1854 per tonne; Dec 21 bid price stands at US$ 1904 per tonne, and Dec 21 offer price stands at US$ 1904 per tonne. The LME aluminium opening stock stood at 1412600 tonnes. Live Warrants totalled 1122025 tonnes, and Cancelled Warrants were 290575 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1855.10 per tonne. SHFE...
International Bauxite, Alumina & Aluminium Society (IBAAS) is organising a webinar on some important topics of the aluminium industry in collaboration with Jawaharlal Nehru Aluminium Research Development & Design Centre (JNARDDC). The webinar will take place on November 4-6, 2020, on topics including bauxite, alumina, aluminium smelters, and downstream industry. IBAAS has formulated a world-class programme for this webinar by inviting leading international experts to share their views and knowledge. Speakers are selected from Aluminium Stewardship Initiative (ASI), Hindalco, International Aluminium Institute (IAI), Vimetco, AKW, Worley, Metso, Outotec, Tokai Cobex, OSIsoft, Rain Carbon, and some leading aluminium downstream companies of India. OSIsoft and Reel Alesa are currently the two...
Sanjeev Gupta led GFG Alliance appoints a former first Minister of Wales among the other members of a new global advisory board established by the organisation. The board has been appointed following the consolidation of GFG's businesses into three brands: Alvance Aluminium Group, Liberty Steel Group, and SIMEC Energy Group. Carwyn Jones, former First Minister of Wales, among the 17 experts assembled for the advisory board from the fields of industry, politics, economics and law. The board will help to structure GFG Alliance's strategy to transform industrial manufacturing and become carbon neutral by 2030. The board will be divided into five regional sub-groups – reflecting GFG Alliance’s key markets in Australia, India, continental Europe, the UK and the Americas - which will meet four...
