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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According to a Reuters report, LME aluminium showed some upward movement on Friday and was on a positive territory, the metal is set to face the worst week since May 2016 from Monday. The fall is primarily driven by growing aluminium output in China despite the capacity cut plans and execution. Speculative investment flows subsided on caution over less than expected Chinese capacity cuts. Benchmark aluminium bid price on the London Metal Exchange was at USD 2,089 and offer price was at USD2090 a tonne. The metal fell to its lowest since Sept. 15 on Thursday at USD 2,078. “In China, it looks like the actual policy translation is not as strong as initially expected,” said ETF Securities’ Nitesh Shah. He added that smelters were not cutting as much capacity as initially expected. The market...
Global aluminium producers are likely to experience solid financial recoveries in the year ahead, following years of financial austerity, as prices remain elevated, global research firm BMI said on Tuesday. This would result in targeted acquisitions of specific, value-added aluminium producers and a modest uptick in spending, the firm added. BMI noted, however, that owing to a government-led push for consolidation in China and overleveraged Western firms looking to offload assets, the rising value and quantity of international aluminium merger and acquisition (M&A) activity will face regulatory headwinds. Deals are set to increasingly run into regulatory setbacks, as the Chinese government looks to contain rising debt in the economy and the US government prioritises domestic production...
LME aluminium after having risen to US$2,188 per tonne in a month has caught on a down trend. Due to subdued demand in China and a more or less plateaued consumption in rest of the world, the light metal has given up its gain and gradually heading towards US$2,046 per tonne support. From US$2,103.50 per tonne on Wednesday, November 8, it came down to close at US$2,078 per tonne on Thursday, November 9. There are high possibilities that LME aluminium will break below the support at US$2,046 per tonne and head for further losses in the near term. As on November 9, LME official cash buyer aluminium price (Bid Price) stands at US$2,077.50 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,078 per tonne, 3M Bid Price is US$2,091.50 per tonne, 3M Offer Price is US$2,092...
A00 ingot prices in China drop across all markets driven by poor consumption and increasing stock. The winter capacity cut has not been able to change the scenario substantially till date. As updated by Shanghai Metals Market, average A00 aluminium ingot price has dropped RMB 260/t from RMB 15,690/t on November 8 and stands at RMB 15,490/t today. A00 ingot prices have been hovering much below RMB 16,000/t mark for a long time. The drop in A00 ingot prices can be seen in the graph below: Aluminium alloy prices continue to drop in China keeping pace with steady drop in aluminium ingot prices. No new orders have been registered in November. In East China’s spot market aluminium is trading at a discount of RMB 50-10 per tonne. According to SMM the latest average price of Aluminum Alloys...
Norsk Hydro ASA announced on Tuesday that its fully owned subsidiary Hydro Energi AS entered into a long-term contract with Markbygden Ett AB to supply power to company's aluminium plants. Markbygden Ett AB, a Swedish wind power company, will provide an annual baseload supply of 1.65 TWh in the period from the beginning of 2021 to the end of 2039. Hydro said that this agreement will commence after the existing long-term power contract with Norwegian state utility Statkraft expires in 2020. “Markbygden Ett AB is developing an onshore wind park located west of Piteå, in the northern of Sweden, and is owned by GE Energy Financial Services and Green Investment Group Limited, part of Macquarie Group Limited,” Hydro said. “The wind park is a part of the larger Markbygden wind farm project...
LME aluminium, as projected, dropped to US$2,103.50 per tonne on Thursday, November 8, after testing support at US$2,148 per tonne. The light metal which closed at US$2,131 per tonne on Wednesday, November 7, has declined by 0.03 per cent till date from its latest high of US$2,188 per tonne on November 1. Reuters’ technical analysis suggests that LME aluminium may break a support at US$2,081 per tonne. There is a possibility that the contract will break below this support level as well and fall further towards the next support at US$2,046 per tonne in the near term. Source: www.lme.com As on November 8, LME official cash buyer aluminium price (Bid Price) stands at US$2,103 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,103.50 per tonne, 3M Bid Price is US$2,118...
Aluminium Bahrain B. S. C. (Alba) is a key participant in the 21st International Arab Aluminium Conference & Exhibition, ARABAL 2017, that is being hosted by Sohar Aluminium from 06 to 09 November 2017 at the Shangri-La Bar Al Jissah, Muscat, Sultanate of Oman. Held under the Patronage of His Highness Sayyid Harib bin Thuwaini Al Said, Assistant Secretary General of the Council of Ministers for Conferences, Sultanate of Oman, the conference agenda is structured to focus on the “Driving Strategic Growth across the Global Aluminium Industry”. Held on Tuesday November 07, 2017, the opening ceremony of ARABAL 2017 was attended by Alba’s Chairman of Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa and Alba’s Chief Executive Officer (CEO) Tim Murray, Deputy Chief Executive Officer...
According to the latest report from Aluminium Association, aluminium net shipments including exports by domestic U.S. and Canadian facilities stood at an estimated 987500 tonnes during September, off 5.6 per cent from the September 2016 total of 1 million tonne. Shipments of aluminium mill products decreased 1 per cent to 670000 tonnes YoY. Shipments of aluminium ingot for castings, exports and destructive uses were off 14 per cent YoY to 635 million pounds. Through the first three quarters of 2017, preliminary producer shipments stood at 9 million tonnes, slightly more in comparison to the same period of 2016. September inventory levels stood at an estimated 1.5 million tonnes, up 1.6 per cent over the previous month and an increase of 7.2 per cent YoY. Domestic primary aluminium...
Aluminium prices were marginally higher by 0.18 per cent to INR 139.90 per kg in futures trade today as speculators created fresh positions amid improved demand in the spot market. At the Multi Commodity Exchange, aluminium for delivery in November inched up by 25 paise, or 0.18 per cent to INR 139.90 per kg in business turnover of 727 lots. Similarly, the metal for delivery in December traded higher by 20 paise, or 0.14 per cent to INR 140.45 per kg in 94 lots. Analysts said fresh positions built up by participants after uptick in demand from consuming industries in the physical market mainly influenced aluminium prices at futures trade.
LME aluminium is likely to enter consolidation before it rises again. The light metal contract upon testing a support at US$2,148 per tonne fell to US$2,131 per tonne after night trading on Tuesday, November 7. The earlier close was at US$2,152 per tonne on November 6. Reuters’ technical analysis suggests that LME aluminium may break a support at US$2,125 per tonne and drop further to the next support at US$2,103 per tonne in the near term. As on November 7, LME official cash buyer aluminium price (Bid Price) stands at US$2,130 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,131 per tonne, 3M Bid Price is US$2,150 per tonne, 3M Offer Price is US$2,150.50 per tonne, Dec1 Bid Price is US$2,195 per tonne, and Dec1 Offer Price is US$2,220 per tonne. LME aluminium...
Under the auspices of H.H. Sayyid Harib bin Thuwaini Al Said, Assistant Secretary General of the Council of Ministers for Conferences, Sohar Aluminium, kicked-off the 2017 Arab International Aluminium Conference (ARABAL). Running through November 9th, 2017, the event welcomed over 550 attending delegates from 35 countries and 64 industry leading speakers from a cross-section of industries, to share their insights on the challenges and opportunities around the aluminium industry. After the official inauguration of the event by H.H. Sayyid Harib bin Thuwaini Al Said, Assistant Secretary General of the Council of Ministers for Conferences, a series of high profile remarks took place. H.H. Sayyid Kamil bin Fahd bin Mahmoud Al Said, Assistant Secretary General for the Cabinet of the Deputy...
LME aluminium is extending its swing within a narrow range. The light metal contract which edged higher on November 3 to US$2,165 per tonne from US$2,152 per tonne on November 2, has retraced back to the same level. Reuters’ technical analysis suggests that LME aluminium is biased to test a support at US$2,148 per tonne. A break below this level may drag the contract down to US$2,103-US$2,125 range. A break above US$2,196 per tonne, on the other hand, could lead to a gain to US$2,218 per tonne in the near term. As on November 6, LME official cash buyer aluminium price (Bid Price) stands at US$2,151 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,152 per tonne, 3M Bid Price is US$2,172 per tonne, 3M Offer Price is US$2,172.50 per tonne, Dec1 Bid Price is US$2,215...
Aluminium Bahrain B.S.C. (Alba), the Bahrain-based international aluminium smelter, announced a major safety milestone as its Casthouse successfully achieved 5 million hours without Lost Time Injury (LTI) on 05 November 2017. A celebration was held on the same day to appreciate the Cathouse employees, which was attended by Alba’s Deputy Chief Executive Officer (DCEO) Ali Al Baqali, Chief Power Officer Amin Sultan, Chief Administration Officer Waleed Tamimi, Director of Casthouse Abdul Rasool Ahmed Abdul Rasool, Manager Legal Stephanus Grobler and other officials. Applauding the employees’ safety efforts, Alba’s Chief Executive Officer, Tim Murray, said: “At Alba, we believe that all work-related injuries and illnesses are preventable. This is a significant accomplishment for us and...
We learnt on October 31 that prebaked anode sales price in Shandong for November delivery may rise up to RMB 150 /tonne. Carbon plants and Weiqiao Group have been so far under negotiation over prebaked anode prices in November. Today, the average price of prebaked anode price in the Central China market has increased RMB 145 /tonne to stand at RMB 4365 /tonne from a stagnant RMB 4220 /tonne. In the Northwest China market the average price has increased RMB 150 /tonne to stand at RMB 4750 /tonne from RMB 4600/tonne. It was expected prebaked anode supply will be tight during winter heating season. Environmental checks have driven the rise in calcined coke prices which sent ripple effects to prebaked anode prices. SHFE Base Metals including keeps differentiated and volatile, with mixed...
LME aluminium is heading towards a consolidation in the range of US$2,174-US$2,218 per tonne, suggests price analysis by Reuters. The light metal which traded within a neutral range last week closed at US$2,165 per tonne on Friday, November 3, up from its previous close at US$2,152 per tonne on November 2. There is a support at US$2,218 per tonne. A break above the mark could take the metal to the next target at US$2,260 per tonne; while a break below US$2,174 per tonne may indicate a drop, price trend analysis suggests. As on November 3, LME official cash buyer aluminium price (Bid Price) stands at US$2,163 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,165 per tonne, 3M Bid Price is US$2,183 per tonne, 3M Offer Price is US$2,183.50 per tonne, Dec1 Bid Price is...
Argentina is seeking new markets for its aluminum exports as the United States probes the national security implications of imports of the metal, an executive at Aluar Aluminio Argentino, the country’s leading producer, told Reuters. Aluar commercial director Miroslavo Puches said the company was planning to boost shipments to Brazil to 100,000 tonnes per year by 2019 from 60,000 currently, as the neighboring country’s economy recovers. It is also hoping to expand exports to Asia from the current 60,000 tonnes per year, he said. “We are going to balance out the volumes a little more,” Puches said. Aluar, about 10 percent state-owned, is the sole producer of primary aluminum in Latin America’s No. 3 economy. It ships an average of 170,000 tonnes-per-year to the United States, representing...
Corporates and Professionals are still in time to register for the 21st Arab International Aluminium Conference & Exhibition (ARABAL) using the website www.arabal.com. Sohar Aluminium, host and organizers of the most sought after industry event in the region, will open the conference under the patronage of His Highness Sayyid Harib bin Thuwaini bin Shihab Al Said, Assistant Secretary General of the Council of Ministers for Conferences, at the Shangri-La Barr Al Jissah Resort and Spa from November 7th-9th 2017. The conference will see the participation of key regional and global players in the aluminium industry including 500 attending delegates from 30 countries and 66 speakers from the international industry leaders. Engineer Said Al Masoudi, CEO of Sohar Aluminium, said, “The program...
Hindalco Industries Ltd., a subsidiary of the Aditya Birla Group, published its standalone unaudited financial results for the quarter ended 30th September, 2017. Hindalco’s aluminium production stood at 326 thousand tonnes in Q2 FY2018. Aluminium wire production was down 2 per cent at 119 thousand tonnes due to subdued demand The company’s net profit for Q2 FY2018 declined to INR 393 crore from INR 440 crore in the previous year, due to exceptional provision of INR 106 crore in Q2 FY18. Hindalco’s revenues during the quarter stood at INR 10,308 crore driven by higher aluminium volumes and realisation. EBITDA was INR 1,577 crore, an increase of 6 per cent compared to the previous year, on account of higher aluminium volumes and supportive macro factors, partly offset by higher input costs...
