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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Vedanta Limited has continued to increase its aluminium ingot and aluminium product prices pursuant to the incessant surge in global aluminium benchmark price on the London Metals Exchange. With effect from Tuesday, October 13, Vedanta has hiked its aluminium ingot price again by INR 1,500 per tonne from INR 150,500 - 163,500 per tonne to INR 152,000-165,000 per tonne. Vedanta’s aluminium billet price has come in at INR 160,000 per tonne, also up by INR 1,500 per tonne from INR 158,500 per tonne on October 10. After the surge, the company’s aluminium wire rod price is hovering at INR 159,500-167,000 per tonne versus INR 158,000 – 165,500 per tonne on October 10. Like any other Indian aluminium producers, Vedanta Limited generally links prices of its aluminium products to the three-month...
China’s primary aluminium production continued to grow by 7.68 per cent year-on-year in September 2020 to stand at 3.11 million tonnes, found the Shanghai Metals Market survey. But when compared to the month earlier, the output of September stood down by 2.51 per cent from 3.19 million tonnes. As of the end of September, China's primary aluminium capacity in operation was 38.16 million tonnes among the existing capacity of 43.28 million tonnes. The production capacity in operation was up by 15.05 per cent month-on-month from 37.62 million tonnes, while operating rates were down from 88.6 per cent to 88.2 per cent. However, the daily average primary aluminium output rose by 800 tonnes from 103,000 tonnes in August to 103,800 tonnes in September, attributing to the new capacities coming...
SMM aluminium ingot prices recorded a rise of RMB 30 per tonne from Monday. The price rose from RMB14940 per tonne to RMB14970 per tonne. This marked the third consecutive hikes in a row. The average price is likely to range at RMB14950-14990 per tonne. In Foshan and Gongyi, the price rose by RMB 20 per tonne and RMB 10 per tonne to stand at RMB 14850 per tonne and RMB 14810 per tonne on Tuesday, 13 October 2020. Aluminium prices in Wuxi and Chongqing came in at RMB 14970 per tonne and 14960 per tonne, up RMB 20 per tonne and RMB 120 per tonne. Aluminium ingot prices in Shenyang and Tianjin increased to stand at RMB 14945 per tonne and RMB 14910 per tonne. Aluminium Alloy (ZLD102) and Aluminium Alloy (ZLD104) rose RMB50 per tonne each to RMB15550 per tonne each on Tuesday, 13 October...
Three-month LME aluminium rose 0.49 per cent to end at US$ 1,856 per tonne on Monday, October 12, and is likely to move between US$ 1,830-1,870 per tonne today. Both LME aluminium cash (bid) price and LME official settlement price increased further for the third consecutive day from US$ 1805.50 per tonne to US$ 1829.50 per tonne, as of October 12. 3-months bid price and 3-months offer price stood at US$ 1847 per tonne, up by US$ 27 per tonne from US$ 1820 per tonne. Dec 21 bid price and Dec 21 offer price hovered at US$ 1903 per tonne. The LME aluminium opening stock increased from 1416325 tonnes to 1422475 tonnes. Live Warrants stood at 1126175 tonnes, while Cancelled Warrants at 296300 tonnes. LME aluminium 3-months Asian Reference Price came in at US$ 1849.44 per tonne, as of October...
Aluminium Bahrain (Alba) on Thursday 08 October 2020 renewed its Memorandum of Understanding (MoU) with Arabian Gulf University (AGU). AGU is one of Bahrain’s leading educational institutes. The MoU was signed between Alba’s Chief Executive Officer Mr. Ali Al Baqali, and AGU’s President Dr. Khalid Abdul Rahman Al-Ohaly at Al Dana Hall, Alba. Alba’s CEO Mr. Al Baqali said: “We are delighted to renew this MoU with one of the pioneering educational institutes in the Kingdom of Bahrain as we continue to develop Alba future leaders for the generation to come. Alba and AGU have a longstanding cooperation spanning more than 7 years as AGU has been our partner in developing our high potential employees via Alba-sponsored MBA programme.” This MoU was established to develop Alba’s human capital...
As part of its environmental modernization program by 2024, RUSAL, the leader of global aluminium industry plans to entirely switch the reduction area of the Krasnoyarsk aluminium smelter (KrAZ) to a new type of raw material, an eco-friendly pitch. In contrast to the traditional raw material, the eco-friendly pitch is less tarry in nature and its application in the aluminium production process is less harmful to the environment. The implementation of this and other technical innovations at KrAZ will lead to a reduction of benzapyrene emissions’ by at least 60% in the upcoming years. Vitaly Badmaev, First Deputy Minister of ecology and environmental management of the Krasnoyarsk territory, said: “The transition to the eco – friendly pitch at a production facility is a complex technological...
AlCircle team feels proud and thankful to announce that its first-ever online exhibition “Global Aluminium Expo 2020” on October 6 & 7 was a success. We are delighted to share the total attendee registrations for the two-day event was 1107 from 85 countries across the world. The number of attendees present on both days was 276, and the average time spent by an attendee at the event was 2 hours and 3 minutes. Number of exhibitors present at the expo was 27 and sponsors 10. Average number of visitors at each booth stood at 126, average business card views per booth were 29, total videos viewership was 1068, and total number of document downloads was 1760. The event was absolutely star-studded with some of the world’s leading aluminium companies like Hencon, STAS, GAP Engineering SA,...
Alcoa announced it will curtail its San Ciprián aluminum smelter in Spain. The company will also initiate a collective dismissal that will impact about 530 employees. The alumina refinery at San Ciprián will continue to operate. The curtailment is expected to be completed in the first quarter of 2021, and approximately 100 employees will remain to operate a portion of the casthouse. The company will offer severance packages and employment services for those affected by the curtailment decision. The decision was made after considering all options, including reviewing records associated with four months of consultations with the workers’ representatives and the negotiations during a potential sale process. Alcoa on September 29 announced it would take up to 15 days to determine and announce...
Three-month LME aluminium climbed to a one-year high of US$1,855.5 per tonne on Friday, closing 2.67% higher at US$1,847 per tonne. It is expected to move between US$1,820-1,860 per tonne today. As of Friday October 9, LME aluminium cash (bid) price stands at US$ 1805.50 per tonne, LME official settlement price stands at US$ 1805.50 per tonne; 3-months bid price stands at US$ 1820 per tonne, 3-months offer price is US$ 1820 per tonne; Dec 21 bid price stands at US$ 1876.50per tonne, and Dec 21 offer price stands at US$ 1876.50 per tonne. The LME aluminium opening stock stood at 1416325 tonnes. Live Warrants totalled 1114850 tonnes, and Cancelled Warrants were 301475 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1811.50 per tonne. SHFE Aluminium Price Trend...
Founded in 2001 and ASX-listed, Australian Mines Ltd. is seeking to evolve new aluminium alloys using scandium, which will be sourced from the Sconi project in Queensland. The mining company has allied with Victoria-based Deakin University’s Institute for Frontier Materials for the project, which starts on 12 th October’20 and lasts for nine months. The project strives to deliver aluminium alloys from high purity scandium oxide to enhance the performance of industrial processes within the energy industry. It will use machine learning algorithms and Deakin’s expertise in alloy development. Benjamin Bell, Managing Director, Australian Mines Ltd. said: “Working with Deakin to develop the next generation of aluminium alloys using scandium aligned perfectly with the company’s strategy to...
As of Monday, October 12, A00 aluminium ingot price has recorded a hike of RMB 90 per tonne for the second day in a row to come in at RMB 14,940 per tonne, found the Shanghai Metals Market data. The price has expanded today despite the surge in primary aluminium ingots inventories to 715,000 tonnes on Friday, October 9. An increase in demand after a week-long holiday could be a factor for the rise in A00 aluminium ingot price today. The average prices are expected to range between RMB 14,920 per tonne and RMB 14,960 per tonne, with spot contract to be traded at a premium price of RMB 150-190 per tonne, down by RMB 40 per tonne from the previous day. In Gongyi, A00 aluminium ingot price has increased by RMB 90 per tonne to stand at RMB 14,870 per tonne on October 12, while that in...
Vedanta Limited has consecutively increased its aluminium ingot and aluminium product prices, albeit slower than the previous day, with effect from Saturday, October 10. The company is now selling its aluminium ingot price in the range between INR 150,500 - 163,500 per tonne, up by INR 1,500 per tonne or 1 per cent from INR 149,000 - 162,000 per tonne on October 9. With the third consecutive hike, Vedanta’s aluminium billet price has come in at INR 158,500 per tonne, also higher by INR 1,500 per tonne than INR 157,000 per tonne on October 9. On October 9, Vedanta’s both aluminium ingot and aluminium billet prices were increased by INR 3,500 per tonne from October 6. Vedanta’s aluminium wire rod price, as of October 10, is hovering at INR 158,000 – 165,500 per tonne versus INR 156,500 –...
Vedanta has raised its aluminium ingot price for the second time in a row. With effect from Friday, 09 October 2020, the prices of some aluminium ingots are in the range of INR 149,000-162,000 per tonne, marking a growth of INR 3,500 per tonne from INR 145,500-158,500 per tonne on October 6 2020. With the latest hike, Vedanta’ billet now stands at INR 157, 000 per tonne on October 9, up INR 3,500 per tonne from INR 153,500 per tonne on October 6. 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 Aluminium...
A greater part of the workers at Straumsvík aluminium smelter, near Reykjavík in Iceland, have voted to strike in action. As per the report, the strike actions begin on 16 th October, which entail daily strikes among certain professions within the smelter throughout November. A general strike is scheduled to begin on 1 st December if an agreement is not reached by that date. According to Reinhold Richter, a union representative, the striking workers belong to five different unions and are demanding the same wage hikes as are outlined in the “standard of living contract” signed by unions and the Icelandic Confederation of Enterprise (SA) in 2019. The smelter is owned by Rio Tinto, one of the largest metal and mining corporations in the world. Earlier this year, the company considered...
Iran's aluminium production stood at 211,779 tonnes during the first six months to September 21. That was an increase of 71% compared with the same period last year, according to the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO). Iran’s flagship aluminium producer Iran Aluminum Company (IRALCO) contributed 95,723 tonnes of the total output. Hormozal Aluminum Company produced 45,444 tonnes while Almahdi Aluminum Company’s production stood at 33,988 tonnes in six months. The output from South Aluminum Company (SALCO) stood at 25,000 tonnes. Iran Alumina Company produced 11,227 tonnes. Iran has an estimated aluminium nameplate capacity of 457,000 tonnes per year. The country now aims at increasing its annual aluminium output to more than 800,000 tonnes...
The Shanghai Metals Market found China’s social inventories of primary aluminium ingots increased significantly during the National Days holidays from October 1 to 8 on concentrated arrivals of cargoes. According to the data, primary aluminium inventories built up 60,000 tonnes over a week-long holiday across eight major consumption areas, including SHFE warrants, to come in at 715,000 tonnes, as of Friday, October 9. Last week on Wednesday, September 30, primary aluminium inventories hovered at 655,000 tonnes after declining by 61,000 tonnes week-on-week. Primary aluminium inventories increased this week after two consecutive weeks of decline. Given blow is the chart that indicates the current status of primary aluminium inventories across China in more details: The Chinese city Nanhai...
China market reopened on October 9 after the National Day and Mid-Autumn Festival holidays. SMM aluminium ingot price edged higher by RMB 170 per tonne to stand at RMB 14850 per tonne on Friday, 09 October 2020, from September 30’s price of RMB 14680 per tonne. The price is expected to range at RMB 14830-14870 per tonne. In Foshan and Wuxi, the price rose by RMB 130 per tonne and RMB 210 per tonne to stand at RMB 14790 per tonne and RMB 14870 per tonne on Friday, 09 October 2020. Aluminium prices in Hangzhou and Chongqing came in at RMB 14880 per tonne and 14770 per tonne, up RMB 200 per tonne and RMB 100 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi increased to stand at RMB 14850 per tonne, RMB 14850 per tonne, RMB 14800 per tonne, and RMB 14780 per tonne....
Rating agency ICRA fears that consumption of non-ferrous metals, including aluminium, will shrink significantly this year as a consequence of the COVID-19 pandemic. According to the agency, the pandemic has taken a severe toll on the global automobile, construction, and electrical machinery industries, which together contributes 75 to 85 per cent to the global non-ferrous metal demand. ICRA expects the consumption of these metals to contract significantly in the current calendar year. While aluminium consumption is estimated to drop by 8 per cent year-on-year, copper and zinc to decline by 3 to 4 per cent. But it is to be noted, the prices of these three non-ferrous metals strengthened sharply in the last five months. The extent of recovery has, however, varied factoring in the evolving...
