Mexico and the United States are making progress toward a potential trade agreement, with tariffs on aluminum, steel, and automobiles among the key issues under discussion, Mexican President Claudia Sheinbaum said Friday. Sheinbaum said she had a "very good" phone call with U.S. President Donald Trump on Wednesday as the two countries work toward an agreement linked to the ongoing review of the United States-Mexico-Canada Agreement (USMCA). Mexican Foreign Minister Roberto Velasco and Economy Secretary Marcelo Ebrard also participated in the call. "Progress is being made toward a potential agreement between us, Mexico, and the United States," Sheinbaum said at a news conference. She did not disclose details of the discussion, saying the governments would not announce the agreements...
In August 2026, unwrought aluminium alloy exports were 51,600 tonnes, up 77.6 per cent YoY but down 11.9 per cent M-o-M. Cumulative exports from January to August 2026 were 348,700 tonnes, up 100.1 per cent Y-o-Y. By import source, in August 2026, China’s imports of unwrought aluminium alloy were highly concentrated in Russia and Southeast Asian countries. The top five sources that month—Russia, Malaysia, Thailand, Vietnam, and South Korea—totalled 55,200 tonnes, accounting for 77.2 per cent of total imports. Specifically, Russia ranked first with 18,000 tonnes (25 per cent), followed closely by Malaysia with 17,500 tonnes (24 per cent); Thailand recorded 11,500 tonnes (16 per cent), Vietnam 4,800 tonnes (7 per cent), and South Korea 3,400 tonnes (5 per cent). By export destination, Japan...
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On 4 th January 2021, the Union Minister of Petroleum and Natural Gas, Dharmendra Pradhan delivered a letter to Prahlad Joshi, Coal and Mines Minister proposing him to increase the production capacity of Nalco’s Aluminium smelter plant at Angul. Pradhan in his letter has urged Joshi to take required steps for increasing Nalco aluminium smelter plant’s capacity to 1 MTPA from existing 0.46 MTPA given the availability of alumina at Angul (1.5 MTPA). The National Aluminium Company (NALCO) is endeavouring a brownfield expansion project for their Aluminium Smelter Plant at Angul district in Odisha. Pradhan wrote in his letter: “The expansion project is being undertaken to increase the capacity to 1 MTPA from 0.46 MTPA, which incorporates the construction of a 144 MW feeder Captive Power Plant...
According to the Shanghai Metals Market, A00 aluminium ingot price in China has reopened the market after the New Year Holiday with a plunge of RMB 120 per tonne to stand at RMB 15,590 per tonne, as of January 4, 2021. This marks the fifth consecutive day of decline since December 28, 2020. The average prices on January 4 are expected to range between RMB 15,570 per tonne and RMB 15,610 per tonne, with spot contract to be traded at a premium price of RMB 70-110 per tonne, up by RMB 40 per tonne from the previous day. In Foshan, A00 aluminium ingot price has declined the highest by RMB 150 per tonne to RMB 15,660 per tonne, followed by Shenyang and Tianjin, where the price has decreased by RMB 140 per tonne to come in at RMB 15,585 per tonne and RMB 15,590 per tonne, respectively. In...
Shanghai aluminium price resumed from the New Year Holiday on Monday, January 4, with a dip of 0.08 per cent from US$ 2398 per tonne to US$ 2396 per tonne. LME aluminium on Friday, January 1, was closed. As of last Thursday, December 31, LME aluminium cash (bid) price and LME official settlement price stood at US$ 1978 per tonne, declining by US$ 17.50 per tonne from US$ 1995.50 per tonne. 3-months bid price and 3-months offer price came in at US$ 1980.50 per tonne, down by US$ 23.50 per tonne from US$ 2004 per tonne on December 30. Dec 21 bid price and Dec 21 offer price hovered at US$ 2008 per tonne. LME aluminium 3-months Asian Reference stood at US$ 1993 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE extended drop by US$ 2 per tonne to US$ 2396 per tonne on...
Benchmark aluminium price on the London Metal Exchange closed the week on Thursday, December 31, lower by US$ 44 per tonne or 2.18 per cent at US$ 1978 per tonne. LME aluminium cash (bid) price and LME official settlement price started the week on Tuesday, December 29, at US$ 2000 per tonne, down by US$ 22 per tonne from US$ 2022 per tonne on December 24. On Wednesday, December 30, the prices slipped further by US$ 4.5 per tonne to stand at US$ 1995.50 per tonne. Extending the decline by US$ 17.5 per tonne, both LME aluminium cash (bid) price and LME official settlement price came in at US$ 1978 per tonne on Thursday, December 31. On Friday, January 1, the London Metal Exchange was closed for the New Year holiday. 3-months bid price and 3-months offer price stood at US$ 2004 per tonne on...
SMM aluminium ingot price trended lower this week. The price on Monday, 28 December declined by RMB 120 per tonne to stand at RMB 16190 per tonne. The price further dropped on Tuesday and Wednesday, ending the price at RMB 15870 per tonne and RMB 15770 per tonne. Aluminium ingot price ended lower at RMB 15710 per tonne on Thursday, 31 December. The market was closed on Friday due to New Year’s Eve. According to Shanghai Metals Market, social inventories of primary aluminium built up 27,000 tonnes on Thursday, December 31. The inventories thus, closed the year 2020 at 613,000 tonnes across eight major consumption areas, including SHFE warrants. The alumina price in China registered a growth on Monday and Tuesday, closing the price at RMB 2329 per tonne and RMB 2338 per tonne. The alumina...
National Aluminium Company Limited (NALCO) has continued to reduce the prices of its aluminium ingot and aluminium products for the second time in a row after two weeks on January 1, 2021. With the latest cut, NALCO’s aluminium ingot price has come in at INR 167,450-170,950 per tonne, down by INR 4,900 per tonne from INR 172,350-175,850 per tonne on December 18. NALCO’s aluminium ingot price on December 18 was down by INR 1,400 per tonne from the previous day, meaning the price cut on January 1 expanded by INR 3,500 per tonne. NALCO’s aluminium wire rod price has also been cut by INR 4,900 per tonne from INR 175,850-180,200 per tonne on December 18 to INR 170,950-175,300 per tonne on January 1. NALCO’s aluminium billets price is standing at INR 170,900-173550 per tonne, down by INR 4,900...
Hydro completed hydropower transaction with Lyse on December 31. Both the companies have merged power production assets through the creation of a new company, Lyse Kraft DA, which includes Hydro’s hydropower assets Røldal-Suldal Kraft (RSK) and the majority of Lyse’s power production portfolio. In October 2020, the companies announced plan to merge part of their respective hydropower production in southern Norway. Hydro owns 25.6 percent of Lyse Kraft DA and Lyse 74.4 percent. The newly formed company has a normal annual power production capacity of 9.5 TWh. “As part of the agreement, Hydro remains operator of the RSK assets and is now in addition assuming operatorship for Lyse’s until now fully owned hydropower plants. Lyse will be responsible for market activities and water disposal,”...
According to a recent report, Argentinian aluminium producer Aluar closed the year 2020 at 70 per cent capacity utilisation. Production grew at Aluar after a halt due to the COVID-19 pandemic and weather conditions earlier this year, said the company. “We will continue to gradually seek production planning that allows for the partial resumption of the remaining capacity usage,” said Aluar in a filing to the country’s Securities and Exchange Commission, CNV. Late March, Aluar declared that it scaled back its output on account of the COVID-19 spread across Latin America. It reduced production by an additional 25 per cent at Puerto Madryn primary aluminum plant in that southern Argentinian city. The Aluar cutbacks followed similar measures around the world as nations issued “shelter in...
Vedanta has reduced its aluminium products price for the third time in a row. With effect from Friday, 01 January 2021, the prices of some aluminium ingots are in the range of INR 163,750-176,750 per tonne. This is up by INR 2,500 per tonne from INR 166,250-179,250 per tonne on December 30. The company’s Billet price has dropped to stand at INR 171,750 per tonne on Friday, 01 January 2021, marking a decline of INR 2,500 per tonne from INR 174,250 per tonne on December 30. 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 been increasing since October. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a stake in...
According to the Shanghai Metals Market, social inventories of primary aluminium built up 27,000 tonnes on Thursday, December 31. The inventories thus, closed the year 2020 at 613,000 tonnes across eight major consumption areas, including SHFE warrants. Last week, on December 24, the inventories stood at 586,000 tonnes, declining by 3,000 tonnes from 589,000 tonnes on December 17. The chart below indicates the current status of primary aluminium inventories across China in more details: The increase in primary aluminium inventories on December 31 touched upon the cities like Shanghai, Wuxi, and Nanhai. While Wuxi saw the highest hike of 25,000 tonnes to stand at 223,000 tonnes, inventories in Nanhai and Shanghai grew 4,000 tonnes and 3,000 tonnes to come in at 129,000 tonnes and 94,000...
Benchmark aluminium price on London Metal Exchange dropped 0.88 per cent on the last day of the year. The price came in at US$ 1978 per tonne on Thursday, 31 December 2020, from US$ 1995.5 per tonne on Wednesday. As of Thursday December 31, LME aluminium cash (bid) price stands at US$ 1978 per tonne, LME official settlement price stands at US$ 1978 per tonne; 3-months bid price stands at US$ 1980.50per tonne, 3-months offer price is US$ 1980.50 per tonne; Dec 21 bid price stands at US$ 2008 per tonne, and Dec 21 offer price stands at US$ 2008 per tonne. LME aluminium 3-months Asian Reference Price is hovering at US$ 1993 per tonne. SHFE Aluminium Price Trend China market is closed today for New Year's Eve. On Thursday, 31 December 2020, the most-liquid SHFE 2102 aluminium contract...
The LME complex were mostly higher on Wednesday, with aluminium added 0.68 per cent. Benchmark aluminium price on the London Metal Exchange, however, extended drop by 0.22 per cent to finish the day at US$ 1995.50 per tonne on December 30. LME aluminium cash (bid) price and LME official settlement price stood at US$ 1995.50 per tonne on December 30, down by US$ 4.5 per tonne from US$ 2000 per tonne on December 29. 3-months bid price and 3-months offer price declined by US$ 7 per tonne from US$ 2004 per tonne to US$ 1997 per tonne. Dec 21 bid price and Dec 21 offer price came in at US$ 2025.50 per tonne. The LME aluminium opening stock declined from 1366275 tonnes to 1351250 tonnes on Wednesday, December 30. Live Warrants stood at 1188175 tonnes, while Cancelled Warrants at 163075 tonnes....
SMM aluminium ingot price has dropped for the fourth day in a row. As of Thursday, 31 December 2020, the price now stands at RMB 15710 per tonne. This is down by RMB 60 per tonne from Wednesday’s price of 15,770 per tonne. The price is expected to range at RMB 15690-15730 per tonne. In Foshan and Wuxi, the price has slipped by RMB 80 per tonne and RMB 40 per tonne to stand at RMB 15810 per tonne and RMB 15700 per tonne. Their average prices are expected to range within RMB 15790-15830 per tonne and RMB 15690-15710 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 15715 per tonne and RMB 15705 per tonne, up RMB 45 per tonne and RMB 75 per tonne. Aluminium ingot prices in Shenyang, Tianjin Linyi and Gongyi have contracted to stand at RMB 15725 per tonne, RMB 15730 per...
Vedanta, a subsidiary of Vedanta Resources and also India’s largest producer of aluminium has cropped up as the highest bidder for the Radhikapur West coal block, located in Angul district, Odisha. The coal is just at a distance of about 190 km from Vedanta’s Jharsuguda Aluminium Smelter. The coal block is ideally fit for the Jharsuguda aluminium smelter considering its logistical location and annual capacity. The total reserves of the mine remain at 312 million, while the extraction capacity approval per annum stands at 6 million tonnes. The mine once becomes operation will deliver fuel security, enhance power availability and further strengthen the Vedanta's Aluminium and Power operations and performance. The announcement was made on 30 th December’20 post the market hours. The smelter...
As the year 2020 comes to an end, AlCircle recapitulates the year in its new report Aluminium Industry Recap 2020 . The report compiles the new major innovations, investments, expansions, and policy changes that either shaped or disrupted the global aluminium industry value chain in 2020. The primary aim of the report is to touch upon the significant developments of this year vertical wise, in a bid to analyse how every vertical influenced each other’s growth or counter-growth. Moreover, the developments are not only interpreted chronologically but analytically to help the readers have a critical understanding of the movement of aluminium value chain and how that turned around the market. Overall, 2020 was a year of mayhem for the aluminium industry caused by the most unprecedented...
Benchmark aluminium price on London Metal Exchange declined 1.09 per cent after the Christmas Holiday. The price stood at US$ 2000 per tonne on Tuesday, 29 December 2020, from US$ 2022 per tonne on December 24. As of Tuesday December 29, LME aluminium cash (bid) price stands at US$ 2000 per tonne, LME official settlement price stands at US$ 2000 per tonne; 3-months bid price stands at US$ 2004 per tonne, 3-months offer price is US$ 2004 per tonne; Dec 21 bid price stands at US$ 2030 per tonne, and Dec 21 offer price stands at US$ 2030 per tonne. The LME aluminium opening stock stood at 1366275 tonnes. Live Warrants totalled 1190025 tonnes, and Cancelled Warrants were 176250 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1988.03 per tonne. SHFE Aluminium Price...
A00 aluminium ingot price in China has extended downfall by RMB 100 per tonne to stand at RMB 15,770 per tonne on Wednesday, December 30, marking the third consecutive day of decline, according to the Shanghai Metals Market. The average prices are expected to range between RMB 15,750 per tonne and RMB 15,790 per tonne, with spot contract to be traded at a premium price of RMB 60-100 per tonne, down by RMB 70 per tonne from the previous day. In Foshan, the price has declined the highest by RMB 160 per tonne to RMB 15,890 per tonne on December 30, followed by the fall of RMB 130 per tonne in Chongqing to RMB 15,780 per tonne. In Tianjin and Wuxi, A00 aluminium ingot price has decreased by RMB 120 per tonne and RMB 110 per tonne, respectively, to come in at RMB 15,770 per tonne and RMB...
In East & Central Europe, primary aluminium production came in at 340,000 tonnes in November 2020, representing a plunge of 11,000 tonnes or 3.12 per cent month-on-month. The production in October stood at 351,000 tonnes, up by 13,000 tonnes or 3.85 per cent from 338,000 tonnes in September. On a year-on-year calculation, primary aluminium production in East & Central Europe stood 5,000 tonnes or 1.45 per cent lower than 345,000 tonnes. Total production in three months during September-November 2020 amounted to 1.029 million tonnes, down by 1.53 per cent from 1.045 million tonnes during the same period last year. During January-November 2020, primary aluminium production in East & Central Europe totalled 3.801 million tonnes, flat compared with 3.800 million tonnes during January-November...
