The London Metal Exchange (LME) aluminium price graph continues to drop across the pricing and contract segments on the September 24 trading session, reporting declines over the September 23 close . The LME aluminium cash bid slumped from USD 3,239.5 per tonne to USD 3,227 per tonne, rising 0.39 per cent. The offer price moved from USD 3,240 per tonne to USD 3,228 per tonne, dropping by 0.37 per cent. 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 from USD 3,258 per tonne to USD 3,252 per tonne, decreasing by 0.18 per cent. The offer price plunged from USD 3,260 per tonne to USD 3,252.5 per tonne, representing a 0.23 per cent...
The transition towards lower-carbon manufacturing is changing how companies evaluate aluminium and copper. Beyond availability and technical performance, buyers are increasingly examining the emissions embedded in the metals they purchase and whether reducing that footprint justifies a higher price. While low-carbon aluminium has developed into an established premium market, low-carbon copper remains at a developing stage, raising the loaded question: How much are buyers willing to pay for lower-carbon metal? 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 ” Why aluminium is further ahead Aluminium has had more time to establish a market for...
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AlCircle has launched “ Aluminium LeaderSpeak 2019 ”, an exclusive e- magazine in which industry leaders from the complete aluminium value chain have shared with our readers how they think year 2019 would transpire for themselves as an organization as well as for the industry. We are already in the middle of the year 2019, and while the aluminium industry is reconciling after a year of trade wars, restrictive tariffs, sanctions and supply concerns; the industry fundamentals are not promising, mostly due to the slowing economy in China and the world as a whole. Though demand is strong in North America, it is slowing in the rest of the world. As an exclusive aluminium industry portal, it becomes imperative for AlCircle to understand what our industry players are strategizing for the rest of...
RUSAL has announced the launch of a potroom control system as part of its production efficiency improvement plan at some of its Siberian smelters. The system will use advanced scientific and methodological approaches based on a process of forecast analytics known as ‘BigData’. The project will require an investment amounting to around RUB 20 million. Rusal plans to boost its aluminium production efficiency by implementing this system in the potroom in two ways: by cutting down abnormalities throughout the production process by improving the reduction cell control quality "The use of forecast analytics in potroom control is just one step towards our target that we have set within our R&D framework. If successful, similar approaches will be enrolled for analysis and to increase efficiency...
According to a recent report, Alba’s Line 6 expansion project is expected to be completed by July 31, 2019. The news came after the company’s CEO Tim Murray revealed the due date on the sidelines of the launch of Alba’s special summer Safety Campaign. In mid-April, Alba had started an additional 106 pots in Line 6 expansion, which brought a total of 212 pots in function, equivalent to 50 per cent of Line 6 production capacity. Tim Murray, CEO of Alba, said in an interview to Oxford Business Group’s online broadcasting channel, that once the state-of-the-art Line 6 expansion project is complete, it will boost capacity at the smelter by 540,000 tonnes, producing a positive knock-on effect on the national economy. “Today Alba and the whole industry is about 12% of GDP. With Line 6, the...
The dollar index, which measures the greenback against six major currencies, rebounded from a more than three-month low and gained 0.21% on the day to end at 96.185. Base metals traded higher for the most part as LME aluminium increased 0.7% and SHFE aluminium went up 0.3%. Upbeat macroeconomic sentiment buoyed three-month LME aluminium to a high of US$1821.5 per tonne, after it hovering around the five- and 10- day moving averages. It closed 0.72% higher at US$1,813 per tonne, supported by longs, with the K-indicator testing the 60-day moving average above. LME cash contract also closed 1.6% higher over the previous day at US$ 1776.50 per tonne. Three months LME aluminium is likely to trade at US$1,790-1,830 per tonne today. As on June 25, Tuesday, LME aluminium cash (bid) price stood at...
National Aluminium Company will reportedly invest INR 17,000 crore to enhance its production capacity. Nearly half of the proposed investment will be made in association with joint venture partners. The state-run aluminium maker will invest around INR 6,000 crore on its own for establishing some downstream projects at Kamakhyanagar in Dhenkanal district of Odisha, while some INR 5,540 crore for setting up a new alumina refinery stream that is likely to be commission in 2021-22. As per the report, the company has already found the land for its downstream projects and hope to start them within three years of receipt of all statutory clearances. Besides, Nalco will set up a high-end aluminium alloy plant with INR 4,450 crore of investment through joint venture partner Mishra Dhatu Nigam...
The Department of Industry and Information Technology of Shandong province announced on its website on June 14 that Shandong Weiqiao Group, one of the top aluminium producers in China, would replace its obsolete capacity by the end of the year. As per the report, Weiqiao Group would disassemble 543,000 tonnes of primary aluminium capacity and replace with new capacity of 542,000 tonnes. New capacity for replacement has finished construction and will expectedly come online once the obsolete capacity is removed in December. The disassembling work started in June. Weiqiao will also install new equipment in place of its ageing production lines. It will install 190 sets of high-performing 600 KA electrolytic tanks, while maintaining current capacity.
RUSAL has announced that three of its major production sites, including a mine, alumina refinery and aluminium smelter, have received Aluminium Stewardship Initiative (ASI) certification. The company’s headquarters and three production sites – JSC «Boksit Timana» (bauxite mining), RUSAL Kamensk-Uralskiy (alumina refining) and a branch of PJSC RUSAL Bratsk in Shelekhov (aluminium smelting, casthouse and alloys production) – have been certified against the ASI Performance Standard and ASI Chain of Custody Standard. Fiona Solomon, Chief Executive Officer at ASI said: “ASI congratulates RUSAL on its dual Performance Standard and Chain of Custody Standard certification. Given the challenging environment in which the Company has been operating until recently, its certification to both ASI...
The US dollar continued to decline against a basket of major currencies as investors remained cautious about the greenback in face of potential interest rate cuts. The dollar index dipped to the lowest since March 21 and closed at 95.985. LME base metals increased across the board. LME aluminium rose 1.8% and SHFE aluminium expanded 0.7%. Three-month LME aluminium shrugged off pressure from the US$1,800 per tonne level as most base metals rose on a lower US dollar overnight. LME aluminium expanded 1.81% to finish at US$1,800 per tonne overnight. The contract is likely to trade at US$1,780-1,830 per tonne today. As on June 24, Monday, LME aluminium cash (bid) price stood at US$ 1746.50 per tonne, LME official settlement price stands at US$ 1747.50 per tonne; 3-months bid price stands at...
After two consecutive days of decline from RMB 13,920 per tonne to RMB 13,830 per tonne, the A00 aluminium ingot price has recorded a rise today, on June 25, to RMB 13,900 per tonne, found Shanghai Metals Market. This suggests that the price has grown by RMB 70 per tonne today. The average prices are expected to range between RMB 13,880 per tonne and RMB 13,920 per tonne. Spot aluminium contract is likely to be traded at a discount of RMB 10 per tonne to a premium of RMB 30 per tonne. As the first half of the year is approaching an end, it can be said that until the middle of the last month the A00 aluminium ingot price has shown an upward trend with some intermittent downfalls. The increase in prices was buoyed by the continued decline in inventories. While the price had started the year...
Alcoa Corporation, the world’s eighth largest aluminium producer, has reportedly launched its 2020 apprenticeship recruitment campaign. Through this campaign, which will run until July 15, Alcoa hopes to recruit more than 20 apprentices. Four-year apprenticeships are on offer in the trade categories – mechanical fitters, fabricators/welders, heavy duty plant mechanics, and industrial electrical instrumentation technicians. Alcoa’s commitment to providing training and various job opportunities during an employee’s career add to the value apprentices place on the programme. For instance, Secret Harbour resident Paige Calvert is a first-year electrical instrumentation apprentice at Alcoa’s Kwinana Alumina Refinery. Human Resources director Kath Soumanis said the company seeks people who are...
The US dollar fell against its major rivals last Friday after the US decision to cut interest rates to support flagging economic growth. Base metals ended mostly lower. LME aluminium dropped 0.8% and SHFE aluminium fell 0.5%. Three-month LME aluminium failed to hold firm at a high of US$1,780 per tonne as it fell below all moving averages to end at US$1,768 per tonne, down 0.79% on the day. The LME aluminium is likely to trade at US$1,760-1,800 per tonne today. As on June 21, Friday, LME aluminium cash (bid) price stood at US$ 1742.50 per tonne, LME official settlement price stands at US$ 1743.50 per tonne; 3-months bid price stands at US$ 1767 per tonne, 3-months offer price is US$ 1767.50 per tonne; Dec 20 bid price stands at US$ 1882 per tonne, and Dec 20 offer price stands at US$ 1887...
According to Shanghai Metals Market, primary aluminium inventories have further extended their downfall over the weekend ended on June 24 by 20,000 tonnes across eight major consumption areas, including SHFE warrants. The inventories are thus, now hovering at 1.061 million tonnes as of Monday, showed SMM data. Last week on June 20, the inventories of primary aluminium had declined by 37,000 tonnes to 1.081 million tonnes. This indicates that the inventories declined slower this week compared to the previous. In Wuxi, Jiangsu, the primary aluminium inventories today are standing at 366,000 tonnes after declining by 8,000 tonnes over the weekend, while that in Shanghai inched down by 2,000 tonnes to 209,000 tonnes. In Nanhai, Guangdong; and in Gongyi, Henan, the inventories have dropped by...
A00 aluminium ingot price dropped from RMB 13890 per tonne to RMB 13830 per tonne on Monday, 24 June 2019. This indicates a drop of RMB 60 per tonne or 0.43 per cent. The average price is expected to range between RMB 13810 per tonne and RMB 13850 per tonne. Spot aluminium contract is likely to be traded at a discount of RMB 10 per tonne to a premium of RMB 30 per tonne. Aluminium ingot price in Foshan stood at RMB 13880 per tonne, a decrease of RMB 40 per tonne. The average price is expected to hover at RMB 13860- 13900 per tonne today. Ingot price in Wuxi and Hangzhou declined RMB 40 per tonne each to stand at RMB 13840 per tonne and RMB 13870 per tonne respectively. Their average price is expected to hover at RMB 13830- 13850 per tonne and RMB 13860- 13880 per tonne. On Monday,...
World primary aluminium production came in at 5.43 million tonnes in May, unchanged from May 2018 production. Production increased 4.14% from April’s 2019 production of 5.22 million tonnes, according to the latest data showed by the International Aluminium Institute (IAI). Primary aluminium production in the first five months of 2019 totalled 26.4 million tonnes, representing a drop of 0.09 per cent year-on-year. In Asia ex-China, aluminium production stood at 374,000 tonnes, from 372,000 tonnes in May 2018. Production in five months period came in at 1.83 million tonnes. In the Middle East, primary aluminium production increased to stand at 464,000 tonnes in May 2019. Europe primary aluminium production totalled 646,000 tonnes in May, as compared to 660,000 tonnes in the corresponding...
AMETEK Surface Vision will reportedly put its latest innovations on display at Aluminium China trade fair, which is to be held in Shanghai’s New International Expo Centre from July 10 to July 12. At the event, the team of AMETEK will exhibit the latest advancements in surface inspection monitoring and process surveillance in aluminium production. As a leading developer of software-enabled vision systems, AMETEK Surface Vision for over three years has been innovating highly-precise, real-time detection, and classification of metal defects, with its market-leading SmartView® surface inspection solution. AMETEK Surface Vision’s SmartView system examines the surface condition in almost the same way a person would do. The system studies the area and compares it against expectations and past...
The US dollar index extended its sharp decline on Thursday. LME base metals closed higher across the board on Thursday and aluminium gained 0.2%. However, SHFE base metals traded lower and aluminium declined 0.4%. LME aluminium surged higher with the decline of greenback and closed yesterday’s trading at US$1778 per tonne. Three-month LME aluminium pulled back from an earlier high of US$1,807.5 per tonne to finish the trading day 0.17% higher at US$1,782 per tonne on Thursday. This reflected strong resistance from the US$1,800 per tonne level. LME aluminium is expected to trade between US$1,760-1,820 per tonne today. As on June 20, Thursday, LME aluminium cash (bid) price stood at US$ 1777 per tonne, LME official settlement price stands at US$ 1778 per tonne; 3-months bid price stands at...
Government of Canada has always been supportive of the country’s steel and aluminium sectors; they being the key driver of the economy. Jean-Yves Duclos, Canada’s Minister of Families, Children and Social Development on behalf of the Ministry of Innovation, Science and Economic Development, announced a US$10 million investment in an US$85 million project at Alcoa's aluminium smelter in Deschambault-Grondines, Quebec. The project, which is expected to create 520 jobs, will be completed by the end of 2021. Commenting on the investment, Jean-Yves Duclos, Minister of Families, Children and Social Development said, "We are committed to supporting Canadian aluminum workers and the innovative, world-class products they produce. Our investment in the Alcoa Deschambault Aluminerie will help...
Inventories of primary aluminium continued its downfall by 37,000 tonnes as of Thursday June 20. Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 1.081 million tonnes on Thursday June 20, from 1.118 million tonnes on Thursday June 13, Shanghai Metals Market data showed. Inventories dropped 30,000 tonnes in the week ended June 13. The chart below indicates the current status of primary aluminium inventories across all major China markets: Primary aluminium inventories in Wuxi, Jiangsu, and Shanghai dropped from 392,000 tonnes and 217,000 tonnes to 374,000 tonnes and 211,000 tonnes today. That was down 18,000 tonnes and 6,000 tonnes from Thursday June 13. Inventories in Nanhai, Guangdong and Hangzhou, Zhejiang declined 10,000...
