Canada and China have extended a bilateral trade arrangement that links Chinese market access for Canadian agricultural products with Canada's access for Chinese steel and aluminum. The decision provides greater certainty for exporters on both sides as Ottawa seeks to expand its trade relationships beyond the United States. The extension, announced on November 4, 2026, will keep the existing arrangement in place until the end of 2028. It comes amid renewed efforts by the two countries to strengthen economic ties and address outstanding trade issues. For the aluminum industry, the agreement offers a clearer timeline for market access, while its agricultural provisions provide Canadian producers with greater predictability in one of their key export markets. Canada-China trade agreement...
LME aluminium prices gained ground on November 4, with cash and futures contracts moving higher. The Asian Reference Price also edged up, while exchange inventories declined. Alumina Platts prices, however, moved slightly lower. The cash bid rose by USD 53.50 per tonne , or 1.74 per cent, to USD 3,134.50 per tonne from USD 3,081 per tonne. The cash offer increased 1.72 per cent to USD 3,135 per tonne from USD 3,082 per tonne. Three-month aluminium prices also advanced. The bid climbed 1.08 per cent to USD 3,073 per tonne on November 4 from USD 3,040 per tonne, while the offer gained 1.05 per cent to USD 3,074 per tonne. It was previously at USD 3,042 per tonne . Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market...
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The temporary high phase of LME aluminium at the end of 2017 is fading away as the light metal contract dropped further from US$ 2205.5 per tonne on January 5 to close at US$ 2177.50 per tonne on January 8. As seen by Shanghai Metals Market, a rising US dollar would accelerate the drop of LME aluminium further, which is expected to trade at $2,150-2,185/t today. Aluminium was the only metal to end lower at the end of trading on the London Metal Exchange on Monday January 8. As on January 8, LME official cash buyer aluminium price (Bid Price) stands at US$ 2,177per tonne, cash seller & settlement aluminium price (Offer price) is US$2177.50 per tonne, 3M Bid Price is US$ 2193 per tonne, 3M Offer Price is US$2194per tonne, Dec1 Bid Price is US$ 2265per tonne, and Dec1 Offer Price is US$2270...
Aluminium Bahrain B.S.C. (Alba), the Bahrain based international aluminium smelter, yesterday announced that it has set another production record during 2017. The company now aims to rise higher in 2018 as they progress with the construction of Line 6 Expansion Project. The company produced 981,016 tonnes per annum in 2017, up by 1% Year-over-Year (YoY). Alba’s production volume is the highest annual production recorded in company’s history. Commenting on its new record, Chief Executive Officer, Tim Murray said: “Alba’s record-breaking production speaks volumes about our resilience and determination to achieve excellence against all odds.” “I thank our employees and contractors alike for their hard work, commitment to Safety practices and for working together as one team to achieve this...
After registering some gains at the start of the New Year, LME aluminium is on a downward trend driven by dollar’s uptrend and higher Chinese inventory. The support of the 10-day moving averages became weaker for LME aluminium and Shanghai Metals Market expects the light metal contract to trade at $2,190-2,229/t today. The LME aluminium contract fell further from US$2,230 per tonne on January 4 and closed the first week of January at US$ 2205.5per tonne on January 5, Friday. As on January 5, LME official cash buyer aluminium price (Bid Price) stands at US$2,205 per tonne, cash seller & settlement aluminium price (Offer price) is US$2205.5 per tonne, 3M Bid Price is US$2224.50per tonne, 3M Offer Price is US$2225per tonne, Dec1 Bid Price is US$2300per tonne, and Dec1 Offer Price is...
According to the latest report from United States Geological Survey (USGS) domestic primary aluminium production in October 2017 was 63,000 tonnes. The average daily production in October was 2,020 tonnes, essentially unchanged from that in September 2017 and slightly more than that in October 2016. However, the amount drops 51% from that in October 2015. The October 2017 average U.S. market price of primary aluminium ingot and average cash price on the London Metal Exchange (LME) increased slightly from those in September 2017 to stand at US$ 2124 per tonne and US$1932 per tonnes, respectively. Inventories of primary aluminium in LME-approved warehouses in the United States dropped to 79,900 t at the end of October from 89,750 t at the end of September. Production of secondary aluminium...
India’s Navaratna public sector enterprise National Aluminium Company Limited (Nalco) is considering plans to open a second caustic soda plant in Odisha’s major seaport town of Paradip. The plant thought to supplement Nalco’s upcoming facility in Dahej- a JV between Gujarat Alkalis & Chemicals Ltd., will help check the spiralling overhead costs of its aluminium smelting operations. While explaining the reasons behind considering a second caustic soda plants, Nalco Chairman and Managing Director Dr. Tapan Kumar Chand marked the following pointers: Bringing operational costs under control is a priority in order to face global competition. Chinese producers get coal at highly subsidized rates which place them in an advantageous position against Indian aluminium producers in the international...
Equipment manufacturers and technology suppliers are an integral part of any industry and metal industry is no exception. The aluminium industry value chain is one of the most widely spread ecosystem that covers participants from the ore to the end user segments. The entire range of operations starting from mining to final processing of end –products requires highly effective technology and fixed and mobile equipment. The technology and the equipment also need to be upgraded from time to time in order to keep pace with changing needs of the industry, market and environment. This reinforces the significant role played by the equipment suppliers in the aluminium industry value chain. Quebec, being at the center of Canada’s aluminium industry with the presence of Alcoa, Rio Tinto Alcan and...
China aluminium prices are struggling to stay up in the face of higher inventory and lower raw material prices. After registering a slight drop yesterday, Average A00 ingot price increases today to stand at RMB 14,770 per tonne and expected to move within a range of RMB 14,750-14,790. According to SMM, SHFE aluminium is expected to trade just below the five-day moving average at RMB 15,050-15,220 per tonne. Spot discount is set to shrink to RMB 220-180/t. Aluminium ingot prices in all individual markets in China have registered a substantial increase. The following table shows the growth in ingot price in the domestic markets: Average prices of aluminium alloys have registered an increase in all markets today following the rising A00 ingot price. Average Aluminum Alloys (ADC12) price...
The dollar edged up on Thursday after upbeat U.S. data and supportive minutes from the Federal Reserve’s latest policy meeting helped it shake off recent weakness. After registering some gains at the start of the New Year, LME aluminium is on a downward trend driven by dollar’s uptrend and higher Chinese inventory. The light metal contract fell further from US$2,241 per tonne on January 3, to US$2,230 per tonne on January 4, Thursday. According to Shanghai Metals Market, LME aluminium is on a downward trend and is expected to trade between the five-day and 10-day moving averages today at $2,215-2,255/t. The momentum in LME copper may also affect aluminium price movement. As on January 4, LME official cash buyer aluminium price (Bid Price) stands at US$2,228 per tonne, cash seller &...
Rusal’s Krasnoyarsk Aluminium Smelter in Russia has ordered a new billet and slab homogenizing furnace from Danieli Olivotto Ferrè. Danieli will facilitate engineering, supply and delivery of the equipment and supervision of the erection and commissioning. The new furnace would be designed for homogenizing of slabs and billets of all aluminium alloys in series 1 to 9. produced in the plant. The unit will heat-treat products with sizes ranging from 300x700 mm up to 800x3,200 mm, and diameters from 127 mm up to 1,320 mm, in lengths from 1,000 mm up to 6,800 mm. The machine will also cool the slabs and billets by means of air flow. The plant will consist of one movable electrical homogenizing furnace on wheels with two fixed bases and one removable cooling system. The cooling system will be...
Vestas, a Danish manufacturer and installer of wind turbines, has signed a contract with Aluar Aluminio Argentino S.A.I.C, Argentina’s leading aluminium producer, for the construction and installation of the El Llano wind park’s second phase. “The contract to build El Llano wind park’s second phase comprises supply and installation of 14 V126- 3.45 MW delivered in 3.6 MW Power Optimised Mode, as well as a 15-year Active Output Management 5000 (AOM 5000) service agreement, ensuring optimal operation of the wind park,” said Vestas. The turbine delivery is scheduled for the second quarter of 2018, while commissioning is expected for the first quarter of 2019. “Located close to Aluar’s facilities, the wind park will provide electricity for Aluar’s aluminium smelting, highlighting wind...
Despite the continuous struggle to move up, China aluminium prices continue to stay low with support of moving averages and driven by higher inventory. Despite the official number stating that China’s aluminium production dropped in November YoY, the inventory continues to climb up. Independent analysts express reservations about official numbers, asserting that production totals show cuts have been far less severe than announced by Beijing. After registering a slight increase yesterday, Average A00 ingot price drops today to stand at RMB 14,590 per tonne and expected to move within a range of RMB 14,570-14,610. Spot discount is set to shrink to RMB 310-270/t. Aluminium ingot prices in all individual markets in China have registered a drop. According to SMM, SHFE aluminium is also set to...
After making a strong start to the New Year, LME aluminium fell slightly as US Dollar index consolidated daily gains by rising to 92.25 from the previous mid-91.00s. The dip was also partly driven by the Chinese refined aluminium inventory data which touched record highs in November. The light metal contract fell from US$2,256 per tonne on January 2, to US$2,241 per tonne on January 3, Wednesday. Technical analysis suggests that LME aluminium will remain weak and range below the 5-day moving average at US$2,200-2,240 per tonne on Thursday, January 4. As on January 3, LME official cash buyer aluminium price (Bid Price) stands at US$2,240 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,241 per tonne, 3M Bid Price is US$2,251 per tonne, 3M Offer Price is US$2,251.50...
World aluminium output dropped sharply in November 2017 compared to the volume recorded in the same period previous year. According to the data released by the International Aluminium Institute, total aluminium output globally stood at 4.714 million tonnes in November. The volume is lower by 8.3 per cent from November 2016 figure i.e. 5.145 million tonnes. Month-on-month data reveals a drop in the global aluminium output as well. From 4.957 million tonnes in October, the volume has declined to 4.714 million tonnes in November last year. China can be seen as the strongest trigger in this production drop. Aluminium production in China decreased from 2.54 million tonnes in October to 2.35 million tonnes in November 2017. According to China’s National Bureau of Statistics data, primary...
According to Shanghai Metals Market statistics, China’s social inventory of primary aluminium including SHFE warrants climbed further to 1.78 million tonnes as of January 2, up 19,000 tonnes from levels seen on December 28. Current stocks in the major Chinese cities are as follows: Average A00 ingot price increased from yesterday to stand at RMB 14,670 per tonne today and expected to move within a range of RMB 14650-14,690. Spot discount is set to shrink to RMB 330-290/t. Aluminium ingot price in the South China market has dropped slightly to RMB 14,790/t. In other major Chinese markets, A00 ingot prices have registered an increase. SHFE aluminium is set to follow suit and trade at RMB 15,100-15,300/t today. Despite the increasing inventory in China, primary aluminium prices have been...
LME aluminium marks a strong start to 2018. The light metal contract which had ended at US$2,241.5 per tonne on December 29, rose by 0.6 per cent to close at US$2,256 per tonne on Tuesday, January 2. Technical analysis suggests that LME aluminium will trade higher in the range of US$2,250-2,285 per tonne today, January 3. However, with China’s refined aluminium inventory including SHFE warrants climbing further to 1.78 million tonnes as of January 2, from levels seen on December 28, the momentum is expected to stay weaker in the short term. As on January 2, LME official cash buyer aluminium price (Bid Price) stands at US$2,255.50 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,256 per tonne, 3M Bid Price is US$2,267 per tonne, 3M Offer Price is US$2,268 per...
Aluminium Bahrain B.S.C. (Alba), the Bahrain-based international aluminium smelter, teamed-up with Fives Solios and Fives ECL to deliver key training workshop for Alba employees. The trainings “Carbon Plant Process & Equipment” and “Reduction Plant PTA Crane Maintenance” were held in October 2017 at Alba’s Training Department. Commenting on these training programmes, Alba’s Chief Administration Officer, Waleed Tamimi, said: “As a leading aluminium smelter in the world, it is vital that our people are well-versed and up-to-date with the latest technology and trends. By collaborating with our key industry partners such as Fives Solios & Fives ECL, we aim to further develop the skills of our workforce, our human assets, thereby enhancing the Company’s productivity.”
As reported by Economic Times, after the rejection of the insolvency petition filed by Anrak Aluminium by National Company Law Tribunal (NCLT) in the 'interest of the nation', the Reserve Bank of India (RBI) has directed the lead lender State Bank of India to move the tribunal seeking insolvency. According to a source close to the developments, Anrak Aluminium is among few other large stressed assets that the banking regulator has directed the SBI last week to initiate insolvency resolution process. The move also comes after the joint lenders forum lenders decided not to accept the decision of the tribunal rejecting the insolvency petition filed by the corporate debtor. SBI's counsel VK Sajith, partner with India-Law LLP, has confirmed filing a fresh petition before the NCLT but refused...
On the first day of trading, the benchmark aluminium price at Shanghai Metal Exchange (SME) registered slow momentum and dropped to US$2256 per tonne today from US$2,261 per tonne on Friday, December 29. SMM expect the SHFE main aluminium contract to trade at RMB 15,250-15,500 per tonne. Spot discounts are to move at RMB370-330/t. Average A00 ingot price stands at RMB 14,640 per tonne today and expected to move within a range of RMB 14620-14,660 today. Spot discount is set to widen further to RMB 400-360/t. Aluminium ingot price in the South China market is trending the highest at RMB 14,800/t. Today’s drop in A00 ingot price in the major Chinese markets can be seen in the following table: Average prices of Aluminum Alloys (ADC12) have remained unchanged today. Aluminium Alloy (A356)...
