The London Metal Exchange (LME) aluminium price graph dropped further on September 21 across all the pricing segments of cash and contracts. The aluminium opening stocks, however, remained steady. The LME aluminium cash bid price shifted from USD 3,283 per tonne on September 18 to USD 3,261.5 per tonne on September 21, down 0.65 per cent. The LME aluminium cash offer price dipped from USD 3,285 per tonne to USD 3,262.5 per tonne, easing by 0.68 per cent day-on-day. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: “ Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook ” The LME aluminium three-month bid and offer prices reported a 0.27 per cent decline. The bid closed at USD 3,272.5 per tonne, compared to...
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...
Grow with
AL Circle
Rusal, the company of En+ Group’s metals segment, has become a part of the Japan Climate Leaders’ Partnership (JCLP), a powerful business coalition in Japan that aims to advance sustainable low-carbon development. The news came after Anglo-Russian energy and metals company En+ Group announced it on Tuesday, December 29. Rusal, one of the world’s largest low-carbon aluminium manufacturers, is proud to join the 163 companies of the JCLP and contribute to innovations and analysis for a low-carbon and ultimately a carbon free future. The JCLP’s focus on creating and practicing business strategies while incorporating its climate change efforts align with Rusal’s business goals. So, both of them are excited to work together to contribute to their aims. Their partnership also represents a...
Shanghai base metals fell across the board in overnight trading, with aluminium decreased 0.95 per cent. The London Metal Exchange continued to remain close on Monday, December 28, for the Christmas holiday. As of Thursday, December 24, LME aluminium cash (bid) price and LME official settlement price stood US$ 23 per tonne higher than the previous day at US$ 2022 per tonne. 3-months bid price and 3-months offer price hovered at US$2025.50 per tonne, up by US$ 17 per tonne from US$ 2008.50 per tonne on December 23. Dec 21 bid price and Dec 21 offer price came in at US$ 2050.50 per tonne. The LME aluminium opening stock inched down from 1378100 tonnes to 1372350 tonnes on Thursday, December 24. Live Warrants stood at 1190225 tonnes, while Cancelled Warrants at 182125 tonnes. LME aluminium...
The government of India has reportedly approved state-run Coal India Limited’s diversification plan into aluminium value chain and solar industry. Coal India has planned INR 1 lakh crore investments in building two aluminium plants in the eastern region and an entire solar module manufacturing value chain, said two people familiar with the matter. Coal India Limited will set up three specific-purpose vehicles (SPVs) for INR 45,500 crore integrated solar wafer manufacturing facility, a greenfield aluminium project for INR 38,000 crore, and an aluminium smelting unit with National Aluminium Company Limited for about INR 23,400 crore, according to the report. Run by captive thermal power units, the greenfield aluminium plant and aluminium smelting unit are expected to come up at Orissa and...
On 28 th December’20, the French industrial group specializing in complex handling and lifting systems and integrated systems solutions, REEL International SAS has signed an agreement to acquire Metso Outotec Oyj (Finland) aluminium business. REEL, the leader in handling and lifting systems, now with this acquisition will add to its offering green anode plant, anode rodding shop and casting equipment along with related services, thus becoming a leading technology provider in the global aluminium industry. However, the value of the deal is yet to be revealed. The acquired business serves aluminium smelters worldwide and stands at the top position in the production of anodes required in the aluminium smelting process. It’s leading Green Anode Plant and Anode Rodding shop technologies are...
Shanghai base metals mostly closed higher on Friday night. SHFE aluminium shed 0.91%. The London Metals Exchange was closed for the Christmas holiday. As of Thursday December 24, LME aluminium cash (bid) price and LME official settlement price rose for the second day in a row by US$ 23 per tonne to peg at US$ 2022 per tonne. 3-months bid price and 3-months offer price stood at US$ 2025.50 per tonne, up by US$ 17 per tonne from US$ 2008.50 per tonne on December 23. Dec 21 bid price and Dec 21 offer price came in at US$ 2050.50 per tonne. The LME aluminium opening stock inched down from 1378100 tonnes to 1372350 tonnes on Thursday, December 24. Live Warrants stood at 1190225 tonnes, while Cancelled Warrants at 182125 tonnes. LME aluminium 3-months Asian Reference Price hovered at US$...
According to the Shanghai Metals Market data, A00 aluminium ingot price has opened the week on Monday, December 28, with a decline of RMB 120 per tonne to stand at RMB 16,190 per tonne after two consecutive days of hike. The average prices are expected to range between RMB 17,170 per tonne and RMB 16,210 per tonne, with spot contract to be traded at a premium price of RMB 170-210 per tonne, down by RMB 50 per tonne from the previous day. In Hangzhou, A00 aluminium ingot price has decreased the highest by RMB 160 per tonne to come in at RMB 16,180 per tonne on December 28, while the price in Gongyi, Foshan, Wuxi, and Shenyang, has fallen by RMB 120 per tonne to stand, respectively, at RMB 16,110 per tonne, RMB 16,420 per tonne, RMB 16,180 per tonne, and RMB 16,185 per tonne. In Chongqing...
Difference between the virtual and real world has almost waned over the years due to the increasing influence of digitalisation. The presence and impact of digitalisation have been more so felt during the COVID-19 pandemic when direct human interaction, or for that matter intervention, is limited. Besides the despondent fact that the COVID-19 pandemic has taken a toll on the global economy, it is the pandemic that has further catalysed digital transformation across business models of various industrial sectors, including aluminium, resulting in better digital offerings and adoption. Digitalisation in Aluminium Industry: While going digital is not new to the aluminium industry, the revolutionary transformation that industry is going through in recent times with a large number of smelters...
Kazakhstan Aluminium Smelter JSC (KAS), part of Eurasian Resources Group, has significantly raised its aluminium production in 2020, mounting its sales in the domestic market and export markets, majorly in Europe. The smelter is designed to produce 250ktpa; however, it has managed to exceed that target by 15ktpa this year. Patronising the signing of 11 contracts with businesses in Kazakhstan throughout 2020, KAS augmented its domestic sales by 20% this year. The European sales also scaled up and it accounted for 77% of exports in 2020, as aluminium supply to Europe rose by 10kt. Serik Donbekbaev, President of the Kazakhstan Aluminium Smelter (KAS), commented: "Demand for aluminium has increased domestically and internationally in recent months in line with the easing of restrictions and...
The first half of 2020 experienced a steady drop in primary aluminium prices worsened by falling demand for the metal due to the COVID19 pandemic. Slowdown in global economy caused by the unprecedented crisis touched upon almost all the industrial sectors, including automobile, construction, and aerospace, resulting in a downturn in global demand and consumption of aluminium. According to a data showed by the Norwegian aluminium producer Norsk Hydro, world primary aluminium consumption fell 9.41 per cent year-on-year in H1 2020 from 32.237 million tonnes to 29.203 million tonnes. But at the same time, primary aluminium production remained steady, causing a surplus in the market. However, the gradual recommencement of production activities in various industrial sectors from the third...
According to the latest data shared by the Shanghai Metals Market, the social inventories of primary aluminium slipped by 3,000 tonnes over the week across eight major consumption areas on Thursday, December 24. Hence, the inventories are now standing at 586,000 tonnes compared to 589,000 tonnes on December 17. Primary aluminium inventories on December 17 had decreased by 7,000 tonnes week-on-week across the eight major consumption areas. It was reported that some local aluminium ingots in Gongyi had flowed into East China due to the implementation of limited production for environmental protection. The chart below indicates the current status of primary aluminium inventories across China in more details: Primary aluminium inventories in Gongyi declined the highest by 17,000 tonnes to...
On 24 th December’20, Coal India Ltd., the Indian public sector coal mining and refining company and also the world’s largest coal-producing company’s board have delivered in-principle approval for venturing into the aluminium value chain, solar sectors and creation of special purpose vehicles (SPVs). Coal India (CIL), contributes around 82% to the total coal production of India, however on contrary CIL ranks 8th among the top 20 firms responsible for a third of all global carbon emissions. The Public Sector Undertaking, during filing to an Indian Stock Exchange (BSE), said: "CIL Board in its Meeting held on date, accorded its 'In-Principle' approval to venture into aluminium value chain (mining-refining-smelting) and solar power value chain (ingot-wafer-cell-module and generation)," the...
The LME complex cruised higher, with aluminium increased 1.3 per cent. Benchmark aluminium price on the London Metal Exchange stood 1.15 per cent higher at US$ 2022 per tonne on Thursday, December 24, from US$ 1999 per tonne on Wednesday. LME aluminium cash (bid) price and LME official settlement price rose for the second day in a row by US$ 23 per tonne on Thursday, December 24, to peg at US$ 2022 per tonne. 3-months bid price and 3-months offer price stood at US$ 2025.50 per tonne, up by US$ 17 per tonne from US$ 2008.50 per tonne on December 23. Dec 21 bid price and Dec 21 offer price came in at US$ 2050.50 per tonne. The LME aluminium opening stock inched down from 1378100 tonnes to 1372350 tonnes on Thursday, December 24. Live Warrants stood at 1190225 tonnes, while Cancelled...
PT Kayan Hydropower Nusantara (KHN), which will work on the construction of the Mentarang Induk Hydro Power Plant (PLTA) on the Mentarang River, Malinau, North Kalimantan towards the end of 2020, has signed MoU with PT Indonesia Asahan Aluminum (Inalum). Now, both the parties agreed on a joint study on the plan to provide electricity for an integrated aluminium smelter that is supported by the Mentarang Induk Hydroelectric Power Plant (PLTA) Project. The signing was done virtually by the Antony Lesmana, President Director of PT KHN and Oggy Achmad Kosasih, the Managing Director of PT Inalum. The signing of the memorandum of understanding was also witnessed Oktavianus Tarigan, Senior VP Business Development, PT Inalum, the elected Governor of Kaltara, Drs H. Zainal Arifin Paliwang, SH,...
SMM aluminium ingot price has registered a hike for the second day in a row. The price stands at RMB 16310 per tonne on Friday, 25 December 2020, marking an increase of RMB 40 per tonne. The price is expected to range at RMB 16290-16330 per tonne. In Foshan and Wuxi, the price has risen by RMB 60 per tonne and RMB 30 per tonne to stand at RMB 16540 per tonne and RMB 16300 per tonne. Their average prices are expected to range within RMB 16520-16560 per tonne and RMB 16290-16310 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 16340 per tonne and RMB 16360 per tonne, up RMB 20 per tonne and RMB 25 per tonne. Aluminium ingot prices in Shenyang and Tianjin have increased to stand at RMB 16305 per tonne and RMB16310 per tonne, up RMB 50 per tonne and RMB 40 per tonne. But the...
In a recent interview, National Aluminium Company’s (NALCO) Chairman & Managing Director, Sridhar Patra, revealed his optimistic views saying that production activities are recommencing gradually and so the demand for aluminium has begun to rise in both international and Indian market, following a disappointing period of time in FY2020-21 due to the COVID19 pandemic. In April, the average aluminium price stood the lowest in last ten years at INR 1,421 per tonne, but improved a bit in Q1FY21 and even more in Q2 to reach around INR 2,000 per tonne towards the third quarter of the year. Going ahead, Mr Patra sees more positive improvements in prices by the first quarter of FY2022. Talking about Utkarsha Aluminum Dhatu Nigam Ltd, a JV between NALCO & MIDHANI to produce high-end aluminium...
RUSAL has won the Vernadsky National Environmental Award for its dry gas cleaning system (DGCS) in the category "Innovative eco-efficient technologies in industry and energy". The new technology captures over 99.5 % of hydrogen fluoride and solid fluoride gases and provides savings in capital costs. The scientific divisions which include the SibVAMI (Irkutsk), RUSAL ITC (Krasnoyarsk), Bratsk (BrAZ), Novokuznetsk (NkAZ) and Irkutsk (IrkAZ) aluminium smelters presented the DGCS. "The overwhelming evidence of both DGCS’ energy efficiency and environmental friendliness along with its positive effect on CAPEX allowed RUSAL to switch swiftly to the use of its own technology and equipment, replacing foreign analogues. Support for and recognition from the expert community of corporate efforts to...
Benchmark aluminium price on London Metal Exchange rose 0.3 per cent to US$ 1999 per tonne on Wednesday, 23 December 2020, from US$ 1993 per tonne on Tuesday. As of Wednesday December 23, LME aluminium cash (bid) price stands at US$ 1999 per tonne, LME official settlement price stands at US$ 1999 per tonne; 3-months bid price stands at US$ 2008.50 per tonne, 3-months offer price is US$ 2008.50 per tonne; Dec 21 bid price stands at US$ 2033 per tonne, and Dec 21 offer price stands at US$ 2033per tonne. The LME aluminium opening stock stood at 1378100 tonnes. Live Warrants totalled 1190925 tonnes, and Cancelled Warrants were 187175 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1993 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased...
A00 aluminium ingot price in China has registered a hike on Wednesday, December 24, after three consecutive days of decline during December 21-23 from RMB 16,960 per tonne to RMB 16,060 per tonne. The price today is standing at RMB 16,270 per tonne after growing by RMB 210 per tonne, found the Shanghai Metals Market data. The average prices are expected to range between RMB 16,250 per tonne and RMB 16,290 per tonne, with spot contract to be traded at a premium price of RMB 230-270 per tonne, up by RMB 20 per tonne from the previous day. The primary aluminium ingot price in Foshan has seen the highest growth of RMB 280 per tonne to stand at RMB 16,480 per tonne, followed by the hike of RMB 225 per tonne in Chongqing to RMB 16,335 per tonne. In Gongyi and Wuxi, A00 aluminium ingot price has...
