LME aluminium cash prices recorded an increase on November 5, 2026, with the cash offer price rising by 0.80 per cent day on day to USD 3,160 per tonne from USD 3,135 per tonne on November 4. On November 5, the LME aluminium cash bid price stood at USD 3,158 per tonne, up by 0.75 per cent from USD 3,134.5 per tonne recorded on November 4. The cash offer price increased by USD 25 per tonne. Similarly, LME aluminium 3-month prices moved higher. The 3-month bid price rose by 0.78 per cent to USD 3,097 per tonne on November 5 from USD 3,073 per tonne on November 4. The 3-month offer price increased by 0.76 per cent to USD 3,097.5 per tonne from USD 3,074 per tonne. For December 27 contracts, the bid price advanced by 0.33 per cent to USD 2,997 per tonne on November 5 from USD 2,987 per tonne...
National Aluminium Company Limited (NALCO) is advancing its INR 30,000 crore or INR 300 billion (USD 3.18 billion) aluminium smelter expansion project at Anugola or Angul, Odisha, which is expected to more than double its existing smelting capacity from 460,000 tonnes per annum to approximately 1 million tonnes per annum (MTPA). The Navratna public sector undertaking under the Ministry of Mines has secured key statutory approvals and initiated partnerships and preparatory measures for the project, which is targeted to begin operations in 2030-31. A recent meeting of the Rehabilitation and Peripheral Development Advisory Committee (RPDAC) focused on facilitating land acquisition for the proposed facility and addressing associated compensation and rehabilitation matters. Explore the...
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Tajik Aluminium Company (TALСO) official representative Igor Sattarov said Friday that the Yunnan Construction Engineering Group that provides construction services in China will construct a facility for the production of aluminium in the western city of Tursunzoda. China will invest $1.6 billion in the manufacturing plant. The new facility, with an annual production capacity of 500,000 tonnes, will be completed in the next one-and-a-half years utilizing the most advanced technology to date. Earlier reports indicated that Tajikistan is considering increasing the production of primary aluminium in 2017. The country’s largest state-owned company TALСO produced 76,000 tonnes of aluminium during January- September 2017. The company decided to increase aluminium production to 300,000 tonnes by...
It will take time to reflect results of the implementation of production cut in the aluminium ingots inventory in the Chinese market. This is putting pressure in the aluminium prices by keeping it low. A00 ingot prices in China drop across two days after the winter capacity cut started on November 15. As updated by Shanghai Metals Market, average A00 aluminium ingot price has dropped RMB 130/t to RMB 15,230/t on November 17 from RMB 15,360/t yesterday. The price is expected to range within RMB 15210 – RMB 15250 per tonne. Chen Xuesen, vice director of strategic development Dept. of China Aluminum has recently said in a seminar in Fuzhou that Chinese government is researching on detailed measures to continue with aluminium output cut. Since China’s domestic aluminium demand is projected to...
LME aluminium has edged higher above the US$2,100 per tonne mark. The light metal contract which has been struggling around US$2,080 per tonne level over the last five days rose 1.25 per cent to close at US$2,106 per tonne on Thursday, November 16. However, the bearish trend in global non-ferrous sector is likely to keep reining in the upward impetus of aluminium in the near term. As on November 16, LME official cash buyer aluminium price (Bid Price) stands at US$2,105.50 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,106 per tonne, 3M Bid Price is US$2,123 per tonne, 3M Offer Price is US$2,123.50 per tonne, Dec1 Bid Price is US$2,168 per tonne, and Dec1 Offer Price is US$2,173 per tonne. LME aluminium Opening Stock or the LME aluminium inventory level stands at...
So, aluminium prices are back again to the below US$2,100 per tonne mark. With demand remaining muted, this downtrend is unlikely to reverse in the near term. However, China monthly production figures (October production 2.55 million tonnes down by 2.3% YoY) suggest that aluminium supply from the country is shrinking and that will eventually drive up the prices what if not in the near term. But more than aluminium, it is the raw material prices that are grabbing attention of the analysts. Renowned aluminium industry analyst and columnist with Reuters Andy Home recently looked into the key aluminium raw material price trends and how they are being impacted by China’s looming industrial capacity cuts. Both alumina and prebaked anode prices have jumped considerably. “Carbon anode was already...
With the starting of the implantation of actual winter capacity cut for alumina and aluminium yesterday, primary ingot prices registered a jump today. As updated by Shanghai Metals Market, average A00 aluminium ingot price has gained RMB 170/t on November 16 to stand at RMB 15,360/t from RMB 15,190/t yesterday. The rise in aluminium A00 Aluminum prices have continued in all other individual markets in China. A00 ingot prices have registered an increase from RMB 135/t to RMB 195/t across all markets. A00 ingot prices have registered a drop only in the south China market. In the spot market aluminium is trading at a discount of RMB 160-120 /tonne. The jump in A00 ingot prices in the individual markets can be seen in the table below: Chalco, China's leading state-run aluminium firm has not...
LME aluminium dropped marginally as consumption in China, the world’s biggest aluminium consumer market, slowed down alongside the onset of winter capacity cuts. The light metal contract which closed at US$2,085 per tonne on Tuesday, November 14, came down to close at US$2,082 per tonne on Wednesday, November 15. Although it is a bit early to say whether aluminium market has entered a bear or a bull phase, the cyclicality and its resultant anticipation has definitely put the commodity in a negative domain as far as the short to medium term outlook is concerned. As on November 15, LME official cash buyer aluminium price (Bid Price) stands at US$2,081.50 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,082 per tonne, 3M Bid Price is US$2,096 per tonne, 3M Offer...
Vedanta today announced that the State Pollution Control Board, Odisha ('SPCB') has revoked the closure order on the remaining two power units, which were closed following a breach in the Ash Pond dyke wall at Jharsuguda, on November 10, 2017, and hence restarted these units of power plant. SPCB had directed a temporary closure of the five power plant units (three units of 135 MW each of the 1215 MW power plant, and two units of 600 MW each of the 2400 MW power plant) on 13 September 2017. Vedanta said that the closure order has been revoked on all five power units that were directed by SPCB to be temporarily closed. The SPCB has allowed operation of all the units till January 12, 2018 after which further extension of operation will be considered with a review of progress.
LME aluminium is struggling to break above the US$2,100 per tonne mark. After inching higher at US$2,100 per tonne on Monday, November 13, the light metal contract again dropped to US$2,085 per tonne on Tuesday, November 14. Current price trend analysis suggests that LME aluminium will extend its downtrend in the near term. Any gain in this period will be limited in a narrow range. As on November 14, LME official cash buyer aluminium price (Bid Price) stands at US$2,084.50 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,085 per tonne, 3M Bid Price is US$2,105 per tonne, 3M Offer Price is US$2,105.50 per tonne, Dec1 Bid Price is US$2,150 per tonne, and Dec1 Offer Price is US$2,155 per tonne. LME aluminium Opening Stock or the LME aluminium inventory level stands...
Indian aluminium industry body Aluminium Association of India (AAI) has approached the Prime Minister’s Office (PMO) seeking a solution to the looming coal supply shortage. The shortage has put 7.5 lakh jobs at stake and upcoming investments in the sector are being weighed down upon by a heavy debt load amounting to INR 70,000 crore. The dry coke shortfall against linkages is 78 per cent in case of Hindalco, 57 per cent for Vedanta, and 21 per cent for Balco, the AAI informed. “Coal security is the most critical aspect of sustainable operations and ramp-up of aluminium smelter", AAI said in a letter to the PMO adding that power contributes to 45 per cent of the overall production cost. "Any power outage/failure (4 hours or more) results in freezing of aluminium pots and shutting down of...
The Aluminum Association, in cooperation with the Aluminium Association of Canada reported that the total primary aluminium production in U.S. and Canada was at an annual rate of 3,947,875 tonnes during October 2017, up 5,279 tpy (+0.1%) over the September 2017 rate of 3,942,596 tonnes. The individual production rates in both U.S. and Canada rose slightly. North American annual rate dropped slightly below the October 2016 rate of 3,983,591 tonnes. YTD production through October 2017 totalled 3,293,975 tonnes, down 2.1 per cent YoY. Imports of ingot, scrap and mill products into the U.S. and Canada (excluding cross-border trade) stood at 720 million pounds in September 2017, up 5.5 per cent over the amount in September 2016. Including scrap, which accounted for roughly 52.7 per cent of...
Vedanta Resources published results for the six months ended 30 September 2017 on Friday. The company posted revenue and EBITDA of US$6.8 billion and US$1.7 billion respectively due to higher volumes and strong commodity prices. Profit attributable to equity holders of the parent (before special items) increased to US$ 21 million. The company’s aluminium production increased 39 per cent to 753 thousand tonnes in H1 FY2018, with an exit run-rate of 1.6 million tonnes per annum (excluding trial run production) in September 2017. In FY2018 , Vedanta is expected to produce between 1.5 million to 1.6 million tonnes of aluminium. The company is anticipated to exit FY2018 at a run rate of 2 million tonnes per annum. Anil Agarwal, Chairman of Vedanta Resources plc, commented: “Our performance in...
A00 ingot prices in China drop across all markets driven by poor consumption and increasing stock. The capacity cut till date has not been able to change the inventory scenario substantially till date. As updated by Shanghai Metals Market, average A00 aluminium ingot price has dropped further to RMB 15,310/t on November 14 from RMB 15,360/t yesterday. The steady drop in A00 ingot prices can be seen in the graph below: As per latest data released by State Statistics Bureau, in October China’s primary aluminium output drops 7.5% to 2.55 million tonnes on yearly basis. The figure from January to October is 27.23 million tonnes, up 3.7% on yearly basis. The figure is down 2.3 percent from 2.61 million tonnes in September 2017 and from 2.73 million tonnes in October, 2016. The drop in...
LME aluminium edged higher and retraced US$2,100 per tonne on Monday, November 13 as dollar index remained flat. The light metal contract has been following a downtrend since November 3 when it touched US$2,165 per tonne. LME aluminium has declined 3 per cent since then. It is projected that LME aluminium will rise within a limited range before testing resistance at US$2,125 per tonne in the near term. As on November 13, LME official cash buyer aluminium price (Bid Price) stands at US$2,099 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,100 per tonne, 3M Bid Price is US$2,113 per tonne, 3M Offer Price is US$2,114 per tonne, Dec1 Bid Price is US$2,158 per tonne, and Dec1 Offer Price is US$2,163 per tonne. LME aluminium Opening Stock or the LME aluminium inventory...
National Aluminium Company Limited (Nalco) posted its financial results for the second quarter ended September 2017. The company achieved net profit of INR 235 crore, from INR 121 crore in the corresponding quarter of previous fiscal. Nalco’s net sale was INR 2420 crore in July- September quarter, from INR 1695 crore in the corresponding quarter of last year. Dr. Tapan Kumar Chand, CMD of Nalco said, “The market harvesting in alumina segment and focus on cost reduction have helped us improve our profitability. When the global metal market was in the slump cycle, NALCO maintained its resilience and faced the international downturn with courage by ramping up production.” For the half year ended September 2017 , the company’s net profit and gross sales turnover was at INR 364 crore and INR...
Rusal’s revenue for the three months ended September 30 was US$2,460 million, compared to US$2,060 million for the third quarter of 2016. Vladislav Soloviev, CEO of RUSAL, said: “In 3Q2017 RUSAL set another record in sales of value added products with the latter reaching 50% in total sales for the first time. The Company remains committed to its sales and marketing strategy and is on track to increase its share of VAP in the product mix to 60% by 2021.” For the nine months ended September 30, the company’s revenue rose to US$7,224 million from US$5,956 million in the corresponding period previous year. The increase was driven by “recovery in the LME aluminium price in the nine months of 2017 by 22.6% to an average of USD1,924 per tonne as compared to USD1,569 per tonne in the nine months...
Concluding this year’s three-day Arab International Aluminium Conference & Exhibition (ARABAL), 200 delegates toured Sohar Aluminium’s facilities to get a first-hand look at the company’s ever growing production capacity, cutting-edge technology, environmental stewardship, and rigorous safety standards. Sohar Aluminium is Oman’s first Greenfield smelter and the fourth largest primary aluminium manufacturer in the Middle East and North Africa. Sohar Aluminium has reinforced its position as the leader of Oman’s metals and expanding industrial sector, attracting international investment to the Sultanate and successfully trading across the globe. Delegates praised the high level of transparency demonstrated by a team of experts from Sohar Aluminium who explained each stage of the aluminium...
A press release from Bureau du Québec à Mumbai confirms that a delegation of four Quebec aluminium companies and AluQuebec, the apex business cluster of Quebec in the Aluminium sector is in India for the period from 9th to 15th November 2017 to meet Indian aluminium majors and to discuss new business opportunities with the fast growing economy. The four companies having expertise in technologies for primary processing of Alumina and aluminium are Advanced Dynamics, Equibras Inc, Stas and Solutions Fonderie Services Métallurgiques Inc . They would like to meet the leaders of Indian aluminium industry and identify possibilities of working together after understanding the requirements of the aluminium industry. The delegation consists of the following executives: Mr. Francois Audet, Director...
LME aluminium slid below US$2,100 per tonne mark last week due to subdued demand and strong dollar. The light metal contract ended slightly higher on Friday, November 10, at US$2,090 per tonne, rising from US$2,078 per tonne on November 9. Reuters’ technical analysis suggests that LME aluminium may end this bounce around a resistance at US$2,125 per tonne, and then retrace its current lows. A drop around US$2,097.50 per tonne could indicate at a further extension of the downtrend towards US$2,046, while a break above US$2,125 per tonne could lead to a gain to US$2,148 per tonne in the near term. As on November 10, LME official cash buyer aluminium price (Bid Price) stands at US$2,089 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,090 per tonne, 3M Bid Price is...
