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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A00 aluminium ingot price climbed by RMB 30 per tonne to stand at RMB 14610 per tonne on Friday, 11 September 2020, after remaining flat at RMB 14580 per tonne for a day . The price is expected to range at RMB 14590-14630 per tonne. In Foshan and Wuxi, the price rose by RMB 10 per tonne and RMB 25 per tonne to stand at RMB 14700 per tonne and RMB 14590 per tonne on September 11. Their average prices are expected to range within RMB 14680-14720 per tonne and RMB 14570-14610 per tonne. Aluminium ingot prices in Hangzhou, Shenyang, Linyi, and Gongyi increased to stand at RMB 14615 per tonne, RMB 14605 per tonne, RMB 14620 per tonne, and RMB 14485 per tonne. The price in Chongqing dropped by RMB 20 per tonne to RMB 14560 per tonne. The aluminium alloy (ADC12) price stood at RMB 14200 per...
On the London Metal Exchange, nonferrous metals finished in negative territory on Thursday, September 11, with aluminium slipped by 0.31 per cent. LME aluminium cash (bid) price and LME official settlement price stood at US$ 1743.50 per tonne on September 10, up by US$ 3.50 per tonne from US$ 1740 per tonne on September 9. 3-months bid price and 3-months offer price hovered at US$ 1781 per tonne versus US$ 1777.50 per tonne on the previous day. Dec 21 bid price and Dec 21 offer price came in at US$ 1858.50 per tonne. The LME aluminium opening stock extended decline to 1524075 tonnes. Live Warrants stood at 1303000 tonnes, while Cancelled Warrants at 221075 tonnes. LME aluminium 3-months Asian Reference Price hovered at US$ 1774.90per tonne. SHFE Aluminium Price Trend Benchmark aluminium...
When the COVID-19 pandemic hit the Apple Island’s shores in March’20, many Tasmanian businesses received a financial blow, but a partnership is supporting five businesses in the West Tamar to move ahead towards the future. The West Tamar Council and Rio Tinto's Bell Bay Aluminium smelter united to form a movement for the Recovery, Economic and Resilience Grants to assist businesses with a share of $50,000. Patronizing an application and assessment process, five businesses secured $10,000 each across marine, food manufacturing, adventure tourism and education sectors. The successful recipients include Pivot Maritime International, Launceston Kayak Tours, A Pinch of Tasmania, Learning Partners and the Commercial Dive Academy. Shona Markham, General Manager, Bell Bay Aluminium said: “Being...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased this week. Inventories stood 764,000 tonnes as of Thursday, 10 September 2020, up 3,000 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 Gongyi increased by 8,000 tonnes and 5,000 tonnes from a week ago to 249,000 tonnes and 87,000 tonnes as of Thursday, 10 September 2020. Stocks in Shanghai and Chongqing remained unchanged at 120,000 tonnes and 3,000 tonnes. Inventories of aluminium in Nanhai, Hangzhou, Tianjin and Linyi stood at 173,000 tonnes, 76,000 tonnes, 51,000 tonnes, and 5,000 tonnes. That was down 2,000...
According to a recent report, India is planning to raise surveillance and develop policies that would curb aluminium and copper shipments from China and other Asian nations and protect domestic producers. The news came after two government sources and an industry official familiar with the matter reported. These moves for the more stringent screening of imports are aimed at reducing dependence on overseas markets and pushing economic self-reliance, according to the federal mines ministry’s letter to the commerce ministry late last month. Government sources said the aim of tighter surveillance would be to move aluminium and copper imports onto a restricted items list, which would require importers to get a government-issued license for every shipment. However, India’s federal mines and...
In the wake of the COVID-19 pandemic, Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China, has taken a first-of-its-kind initiative by hosting virtual ‘Market Update’ sessions with its customers worldwide. Organised in cooperation with CRU, the virtual sessions took place on September 3, 4, 9, and 10, with the agenda of updating the customers about how Alba is navigating through the impacts of COVID-19 pandemic and what are its latest developments during the critical time. Speaking about this initiative, Alba’s Chief Executive Officer Ali Al Baqali said: “COVID-19 has undoubtedly brought the aluminium industry closer as we prepare ourselves to emerge from this pandemic stronger.” He also said, “Alba’s unique virtual collaboration with CRU enabled us to not only...
Three-month LME aluminium rebounded from an intraday low of US$1,773 per tonne to end 0.64% lower at US$1,783.5 per tonne on Wednesday. The contract is expected to fluctuate between US$1,770-1,810 per tonne today. As of Wednesday September 9, LME aluminium cash (bid) price stands at US$ 1740 per tonne, LME official settlement price stands at US$ 1740 per tonne; 3-months bid price stands at US$ 1777.50 per tonne, 3-months offer price is US$ 1777.50 per tonne; Dec 21 bid price stands at US$ 1853.50 per tonne, and Dec 21 offer price stands at US$ 1853.50 per tonne. The LME aluminium opening stock stood at 1526575 tonnes. Live Warrants totalled 1308000 tonnes, and Cancelled Warrants were 218575 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1786.60per tonne. SHFE...
Alcoa Corporation’s Executive Vice President and Chief Financial Officer William F. Oplinger will participate in two separate investor conferences. Oplinger will participate Credit Suisse 33rd Annual Basic Materials Conference in a virtual question and answer session on Tuesday, September 15, 2020, beginning at 9:30 a.m. EDT. Oplinger will also attend Morgan Stanley 8th Annual Laguna Conference in a virtual question and answer session on Wednesday, September 16, 2020, beginning at 9:45 a.m. EDT. A slide presentation will be available on the “Investors” section of the Company’s website at www.alcoa.com . Note to readers: AlCircle brings two-day event for aluminium industry players. We look forward to meeting you virtually at “Global Aluminium Expo 2020”on October 6-7, 2020. For...
A00 aluminium ingot price registered a drop after remaining unchanged yesterday. The price reduced by RMB 140 per tonne to stand at RMB 14580 per tonne on Wednesday, 09 September 2020 and is expected to move within a range of RMB 14560-14600 per tonne. In Foshan and Wuxi, the price declined by RMB 130 per tonne and RMB 140 per tonne to stand at RMB 14710 per tonne and RMB 14560 per tonne. Their average prices are expected to range within RMB 14690-14730 per tonne and RMB 14550-14570 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 14580 per tonne and 14680 per tonne, down RMB 120 per tonne and RMB 30 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi dropped to stand at RMB 14585 per tonne, RMB 14550 per tonne, RMB 14620 per tonne, and RMB 14470...
The safe-haven dollar climbed to a four-week peak on Tuesday, September 8, led by gains versus sterling on renewed worries about Brexit and as risk appetite waned with a sell-off on Wall Street. Three-month LME aluminium rebounded from an intraday low of US$ 1,775 per tonne to close 0.14 per cent weaker at US$ 1,795 per tonne on Tuesday, and is likely to move between US$1,780-1,810 per tonne today. As of Tuesday, September 8, both LME aluminium cash (bid) price and LME official settlement price stood at US$ 1744 per tonne, declining by US$ 19 per tonne from US$ 1763 per tonne on September 7. 3-months bid price and 3-months offer price hovered at US$ 1783 per tonne versus US$ 1803.5 per tonne on the previous day. Dec 21 bid price and Dec 21 offer price came in at US$ 1857.50 per tonne. The...
One of the world’s leading independent aluminium traders, Trafigura Group Pte Ltd., has established a ‘low carbon aluminium’ financing platform of up to $ 500 million. Natixis and Rabobank supported Trafigura in the design and structuring of this innovative instrument. Trafigura’s first step towards the financing of this kind and for the wider market, the facility has been designed to meet growing demand from downstream manufacturers for low carbon aluminium and to support upstream producers in accelerating their transition to low carbon technologies. The platform will enable Trafigura to access financing at a preferential interest rate and, in turn, to pay a premium to low carbon aluminium producers. It follows Trafigura’s establishment of a low carbon aluminium trading desk in 2019, the...
According to the latest report revealed by the Shanghai Metals Market, China’s primary aluminium production recorded a rise of 6.13 per cent year-on-year to stand at 3.19 million tonnes in August 2020. As of the end of August, the country had 37.62 million tonnes of capacity in operation among 42.48 million tonnes per year of existing capacity. Operating rates across major Chinese primary aluminium producers stood at 88.6 per cent, owing to the commencement of new capacities in Yunnan and Sichuan. The daily average primary aluminium output rose 2,200 tonnes from July to 103,000 tonnes in August. During the first eight months of the year, China’s primary aluminium output totalled 24.32 million tonnes, up 3.19 per cent year-on-year, while consumption came in at 24.56 million tonnes after...
Three-month LME aluminium firmed 0.31% to end at US$1,797.5 per tonne on Monday. The contract is expected to fluctuate between US$1,760-1,820 per tonne today. As of Monday September 7, LME aluminium cash (bid) price stands at US$ 1763per tonne, LME official settlement price stands at US$ 1763per tonne; 3-months bid price stands at US$ 1803.50 per tonne, 3-months offer price is US$ 1803.50 per tonne; Dec 21 bid price stands at US$ 1878.50 per tonne, and Dec 21 offer price stands at US$ 1878.50 per tonne. The LME aluminium opening stock stood at 1533625 tonnes. Live Warrants totalled 1318150 tonnes, and Cancelled Warrants were 215475 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1794.03per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE...
BHF METALS has joined Aluminium Stewardship Initiative (ASI) as a new General Supporter member. This brings the total number of ASI members to 131. ODDO BHF METALS operates in non-ferrous metals (Aluminium, Copper, Zinc and Tin) offering a full range of services for the metal processing industries: access to the physical market, optimization of the logistics and supply chain and innovative solutions for financing and hedging. ASI is a global, multi-stakeholder, non-profit standards setting and certification organisation that aims to recognise and foster the responsible production, sourcing and stewardship of aluminium. ODDO BHF METALS is a department of ODDO BHF SCA, the first independent Franco-German financial group. ODDO BHF METALS, already ISO 9001 & 14001 certified, is proud to be a...
According to a Reuters report, GFG's aluminium business Alvance is eyeing takeovers in order to triple its manufacturing capacity. The chief executive said that the company is aiming to create a vertically-integrated group. Alvance plans to enhance its capacity to 1 million tonnes annually of primary aluminium in three years from the current level of 332,000 tonnes. The group is eyeing acquisitions that include green energy to meet its goal of becoming carbon neutral by 2030, CEO Arnaud de Weert told the online CRU World Aluminium conference. “We’re looking at whatever’s coming on the table and talking to the people who own assets that would fit our portfolio,” De Weert said. “And we’re in a little bit of luck because it seems that quite a few primary producers and integrated players are...
Ghana is looking for domestic or international partners to support the restoration and upgrading the state-owned Volta Aluminum Company’s (VALCO) smelter, to reach its production capacity of 300,000 tonnes per year by 2025. The Ghana Integrated Aluminum Development Corporation (GIADEC) has conveyed the message that interested parties could partner on a five-year, US$10 billion recovery plan for VALCO and the wider mining sector in the country. The first phase of the upgrade would increase the production of to180,000 tonnes per year, while a second phase would reach 300,000 tonnes per year. However, VALCO has a nameplate capacity of 200,000 tonnes per year, but currently, it produces only 60,000 tonnes per year as three out of five potlines are offline. Michel Ansakh, CEO, GIADEC said: “An...
The Croatian economy is one of the strongest economies in Southeast Europe. Croatia joined the World Trade Organization in 2000, NATO in 2009 and became a member of the European Union on 1 July 2013. The industrial sector represents 27% of Croatia's total economic output while agriculture represents 6%. However, FocusEconomics panellists forecast the economy to shrink 8.7% in 2020, which is down 0.4% points from July's estimate and to expand 4.7% in 2021. The South-eastern European nation’s importation of Aluminium alloy ingot during 2017-19 staged a strong and enterprising market, as the import volume recorded was 209,091 tonnes with expenditure occurred remained at $340.73 million. The projected import for 2020 has been evaluated at 107,833 tonnes and expenditure to stand at $162...
The US dollar consolidated gains on Friday but was set for its biggest weekly rise in 2-1/2 months as an overnight drop in high-flying US technology stocks fuelled a bout of risk aversion in global markets. Three-month LME aluminium plunged to an intraday low of US$ 1,773.50 per tonne before wiping out all earlier losses to end 0.9 per cent firmer at US$ 1,792 per tonne on Friday. It is likely to trade between US$1,760-1,820 per tonne today. As of Friday, September 4, both LME aluminium cash (bid) price and LME official settlement price increased to US$ 1753 per tonne, following incessant declines from US$ 1781.50 per tonne to US$ 1743.50 per tonne in the three previous days. 3-months bid price and 3-months offer price hovered at US$ 1789 per tonne compared to US$ 1779 per tonne on...
