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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World’s largest aluminium producer, China Hongqiao Group has left the International Aluminium Institute (IAI) within four years of joining the international body of the green metal. The progress depicts that the Chinese aluminium giant has subdued ranks with a body that represented companies producing more than 60% of the metal and its raw materials bauxite and alumina worldwide, before Hongqiao’s departure. China Hongqiao has aluminium smelting capacity to produce 6.5 million tonnes annually. The aluminium company became an IAI member in 2016 and employs Ron Knapp, former IAI Secretary-General as an advisor to the Chinese aluminium company’s Chairman, Zhang Bo. Ron Knapp has confirmed that Hongqiao had resigned from the IAI, but refused to comment anything further. “What Hongqiao is...
Alro SA, one of the biggest vertically integrated aluminium producers of Romania and as well as in Europe, published its third Consolidated Sustainable Value Report for 2019, that delivers a transparent and detailed overview of the Group's efforts around the key environmental, social and governance areas that are important to its investors, employees, customers and other stakeholders. In the context of the latest legislative changes at European level, the Group is committed to comply to and adapt its development strategies and programs. Marian NĂSTASE, Chairman of the Board of Directors of ALRO, said: “In 2019 we continued to implement measures, to create systems and to make progress in integrating sustainability into everything we do, with the ambition of becoming a green factory,...
Three-month LME aluminium closed 2.02 per cent higher at US$ 1,744.5 per tonne on Monday, August 3. Both LME aluminium cash (bid) price and LME official settlement price, as of Monday, August 3, decreased by US$ 6 per tonne to stand at US$ 1679.50 per tonne. 3-months bid price and 3-months offer price stood at US$ 1718.50 per tonne, registering a downfall of US$ 3.5 per tonne from US$ 1722 per tonne on July 31. Dec 21 bid price and Dec 21 offer price remained restrained at US$ 1796 per tonne. The LME aluminium opening stock decreased from 1637425 tonnes to 1632175 tonnes. Live Warrants hovered at 1375600 tonnes, while Cancelled Warrants at 256575 tonnes. LME aluminium 3-months Asian Reference Price stood at US$ 1709.09 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for...
National Aluminium Company Limited (NALCO) has increased its aluminium products price for second time in a row. With effect from Saturday August 1, NALCO's aluminium ingots price stood at INR 145,700 – 149,150 per tonne, registering a hike of INR 200 or 1.39 per cent from INR 143,700-147150 per tonne on July 24. The company is selling its aluminium billets at INR 149,350- 151,750 per tonne. The aluminium wire rods price came in at INR 149,150-153,500 per tonne. Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The three-month futures of aluminium are down so far in 2020 due to slower global demand following the coronavirus outbreak. NALCO’s aluminium products and alumina account for nearly two-thirds of the...
The latest report from the United States Geological Survey shows the primary aluminium output in the US in May 2020 stood at 96,000 tonnes, up 4,000 tonnes or 4.35 per cent from 92,000 tonnes in April. On a year-on-year comparison, the production in the US in May stood higher by 2,000 tonnes or 2.13 per cent. The average daily production in May 2020 was 3,090 tonnes, essentially unchanged from that in April 2020 but slightly more than that in May 2019. In April 2020, the average daily primary aluminium production in the US was 3,060 tonnes and in May 2019 was 3,040 tonnes. However, in comparison with May 2018, the daily production in May this year was 31 per cent higher. Total aluminium recovered from scrap in May 2020 was 231,000 t, 6 per cent less than the amount in April 2020, 19 per...
US dollar plunged last week. Nonferrous metals prices on the LME were mixed on Friday July 31. LME aluminium fell 0.84%. Three-month LME aluminium closed 0.84% weaker at US$1,710 per tonne on Friday in choppy trading. As of Friday July 31, LME aluminium cash (bid) price stands at US$ 1685.50 per tonne, LME official settlement price stands at US$ 1685.50 per tonne; 3-months bid price stands at US$ 1722 per tonne, 3-months offer price is US$ 1722 per tonne; Dec 21 bid price stands at US$ 1796 per tonne, and Dec 21 offer price stands at US$ 1796 per tonne. The LME aluminium opening stock stood at 1637425 tonnes. Live Warrants totalled 1382325 tonnes, and Cancelled Warrants were 255100 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1727.51per tonne. SHFE Aluminium...
According to the Shanghai Metals Market, the prebaked anode price in East China has recorded a hike of RMB 180 per tonne to stand at RMB 2,930 per tonne on August 3, marking a rise in the last one month since an increase of RMB 80 per tonne to RMB 2,750 per tonne on July 1, 2020. The average prices are expected to range between RMB 2,760-3,100 per tonne. In the central, the price has grown by RMB 235 per tonne to come in at RMB 3,045 per tonne on August 3. The average prices are expected to range between RMB 2,890-3,200 per tonne. But despite the surge in the prebaked anode price, the A00 aluminium ingot price has shrunk by RMB 110 per tonne to RMB 14,880 per tonne, as of August 3, following a restraint at RMB 14,990 per tonne on July 31. The average prices are expected to range between...
Three-month LME aluminium rose 0.77 per cent to end at a new more than four-month high of US$1,710 per tonne on Monday, July 27, in choppy trading. On July 28, it strengthened 0.91 per cent to end at US$ 1,725.50 per tonne, after hitting its highest in nearly five months at US$ 1,728 per tonne earlier in the session. On Wednesday, the price closed a tad firmer at US$1,727.5 per tonne, following a new five-month high of US$1,730 per tonne in the session earlier. On Thursday, three-month LME aluminium weakened 0.17% to US$1,724.5 per tonne. Both LME aluminium cash (bid) price and LME official settlement price trended up this week during July 27-31 from US$ 1661.50 per tonne to US$ 1685.50 per tonne. Starting the week on Monday, July 27 at US$ 1661.50 per tonne, the prices moved up to US$...
Vedanta Limited has continued to hike its aluminium ingot and aluminium product prices, following the growth on July 24. The latest hike in price came into effect on July 30, marking the second consecutive increase in Vedanta’s aluminium prices. Vedanta is now selling its aluminium ingot at INR 144,000-157,000, up INR 2,250 per tonne or 1.59 per cent from INR 141,750-154,750. Vedanta’s aluminium wire rod selling price is at INR 151,500-159,000 per tonne, higher by INR 2,250 per tonne or 1.51 per cent from INR 149,250-156,750. Vedanta’s aluminium billet price has also been raised by INR 2,250 per tonne or 1.50 per cent from INR 149,750 on July 24 to INR 152,000 per tonne. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on the...
Klaveness Digital, the Norwegian technology company that assist shipping and logistics into the future to empower industrial companies to make better-informed decisions, delivered a solution that improvised Alba to arrange their shipments more methodically, evading collisions during berth and will give provide them live updates on the estimated time of arrivals. Aluminium Bahrain B.S.C. (Alba) invariably ranks as one of the largest and most modern aluminium smelters in the world based in the Kingdom of Bahrain and is a major contributor to the social, industrial and economic development of the Kingdom. Presently Alba is employing over 3000 people and importing the major raw material dry bulk of about 3 million metric tonnes annually. The challenge Alba was facing is the composite manual...
Balancing between “lives and livelihoods” is what we are learning during the crises of the COVID-19 pandemic as it has brought an unprecedented shock to many industries and the global economy as a whole. Needless to say, the aluminium industry is no different, with adverse impacts on profitability due to disparity between production and consumption and low selling prices. At this time, surviving in the industry with sustainable operation has become a major challenge for most businesses. However, to confront this together, AlCircle has come up with yet another futuristic theme e-Magazine on the topic “ Covid-19 Impact: Importance & Emergence of Industry 4.0 ”. This e-Magazine is aimed at providing you with all the necessary information and suggestion on how the implementation of Industry...
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 712,000 tonnes as of Thursday July 30, up 10,000 tonnes from last Thursday. The chart below shows the current status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Shanghai, Nanhai and Tianjin increased by 6,000 tonnes, 8,000 tonnes and 2,000 tonnes to 118,000 tonnes, 182,000 tonnes and 58,000 tonnes as of Thursday July 30. Stocks in Linyi remained unchanged at 5,000 tonnes. Inventories of aluminium in Wuxi, Hangzhou, Gongyi and Chongqing stood at 214,000 tonnes, 95,000 tonnes, 37,000 tonnes and 3,000 tonnes. That was down 2,000 tonnes, 2,000 tonnes,...
Three-month LME aluminium weakened 0.17% to US$1,724.5 per tonne in choppy trading on Thursday. It is expected to move between US$1,710-1,750 per tonne today. As of Thursday July 30, LME aluminium cash (bid) price stands at US$ 1681.50 per tonne, LME official settlement price stands at US$ 1681.50 per tonne; 3-months bid price stands at US$ 1719 per tonne, 3-months offer price is US$ 1719per tonne; Dec 21 bid price stands at US$ 1798 per tonne, and Dec 21 offer price stands at US$ 1798 per tonne. The LME aluminium opening stock stood at 1643125 tonnes. Live Warrants totalled 1382325 tonnes, and Cancelled Warrants were 260800 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1729.86per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to...
A00 aluminium ingot price remained unchanged at RMB 14990 per tonne. The price is expected to move within a range of RMB 14970-15010 per tonne. Aluminium ingot price in Foshan registered an increase of RMB 10 per tonne from Thursday’s price of RMB 14930 per tonne. The price now stood at RMB 14940 per tonne on Friday, 31 July 2020 and is expected to move within a range of RMB 14920-14960 per tonne. In Wuxi and Chongqing, aluminium ingot price did not show any movement today. The prices remained unchanged at RMB 14990 per tonne and 14880 per tonne. Aluminium ingot prices in Hangzhou, Linyi and Gongyi stood at RMB 14990 per tonne, RMB 14930 per tonne and RMB 14865 per tonne on Friday, 31 July 2020. That was down by RMB 10 per tonne, RMB 10 per tonne and RMB 25 per tonne. In Shenyang and...
TRIMET Aluminium SE to engage in the “Aluminium Electrolysis 4.0” project. In collaboration with the University of Wuppertal, the materials expert is developing innovative concepts for more efficient production of aluminium in fused-salt electrolysis and for transforming aluminium production to the power supply through renewable energies. The major focus is to reduce CO2 emissions by enhancing operational energy efficiency. A large number of aluminium electrolysis process optimizations are being researched and tested. The method developed by TRIMET to make aluminium electrolysis more flexible, which the company is presently testing on an industrial scale. The primary outcome of the research project exhibit that energy can be saved and efficiency increased by optimizing cathode design,...
On Wednesday, July 29, PyroGenesis Canada Inc. reported that its revenue doubled in just three months of the second quarter of 2020 ended June 30, as its contract with waste management company Drosrite International LLC paid off. From C$913,769 in Q2 2019, PyroGenesis’ revenue increased to C$2.1 million over the year. Drosrite sales in the quarter were more than C$1.3 million. The company’s comprehensive income came in at $C5.2 million, more than quadruple the C$2.3 million it saw a year earlier. Cash in hand also increased at the end of the quarter from C$34,431 at the end of December to C$1.5 million. PyroGenesis Canada manufactures and sells aluminium dross processing Drosrite systems and technology to Saudi Arabia and other Middle Eastern countries. Aluminium dross is a by-product of...
Hindalco Industries Ltd has raised its aluminium products price for the second time in a row. With effect from Thursday July 30, Hindalco aluminium ingots price now stands at INR 145,250 per tonne, an increase of 1.4% or INR 2,000 per tonne from INR 143,250 per tonne on July 24. The company is now selling its wire rods and billets at INR 156,350 per tonne and INR 152,350 per tonne with effect from Thursday, 30 July 2020, marking a growth of INR 2,000 per tonne each from July 24. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The three-month futures of aluminium declined so far in 2020 due to slower global demand following the coronavirus outbreak but have come off their recent lows. Aluminium...
Three-month LME aluminium hit a new five-month high of US$1,730 per tonne earlier in the session and ended a tad firmer at US$1,727.5 per tonne on Wednesday. Open interest for the contract shrank to 794,000 lots. It is likely to move between US$1,710-1,750 per tonne today. As of Wednesday July 29, LME aluminium cash (bid) price stands at US$ 1687per tonne, LME official settlement price stands at US$ 1687per tonne; 3-months bid price stands at US$ 1726.50per tonne, 3-months offer price is US$ 1726.50per tonne; Dec 21 bid price stands at US$ 1809per tonne, and Dec 21 offer price stands at US$ 1809per tonne. The LME aluminium opening stock stood at 1648775 tonnes. Live Warrants totalled 1383225 tonnes, and Cancelled Warrants were 265550 tonnes. LME aluminium 3-months Asian Reference Price is...
