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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Sohar Aluminium, the host and organizers of the 2017 Arab International Aluminium Conference (ARABAL), is offering the event’s delegates an opportunity to discover ‘Destination Oman’. In preparation for the industry event, Sohar Aluminium has developed a range of tailored tours, workshops and activities designed to introduce visitors to a destination that is rapidly climbing the ranks in touristic appeal globally. Set to take place each day of the ARABAL conference, the comprehensive range of tours organized by Sohar Aluminium will depart from the Shangri-La Barr Al Jissah to UNESCO World Heritage Sites, national monuments, and the pristine coasts of Oman. The conference delegate spouses are welcome to join the Dolphin Watching & City Tour on November 7th, the Mystical Muscat Tour on...
Century Aluminum Company reported net income of $20.8 million for Q3 2017 in comparison to net income of $7.1 million for Q2 2017. Adjusted net income for Q3 2017 was $14.4 million compared to adjusted net income of $0.8 million for Q2 2017. Results were favourably driven by a $5.5 million non-cash gain and gain relating to LME forward sales. Century reported adjusted EBITDA of $47.9 million, up $13.9 million from the second quarter of 2017 primarily attributable to increased volume, favourable sales mix and lower raw material costs. Total sales value stood at $400.6 million compared with $388.8 million for Q2 2017. Shipments of primary aluminum for the third quarter of 2017 were 184,974 tonnes compared with 182,829 tonnes shipped in the second quarter of 2017. Operating activities...
Chinese aluminium giant Chalco announced an increase in net profit and revenue in the first nine months of 2017. The company’s net profit jumped more than tenfold year-on-year on higher aluminium prices. According to news published by Reuters, Chalco posted 1.36 billion yuan ($205 million) in profit during January- September, from 124.27 million yuan a year earlier. The company said in a filing to the Shanghai stock exchange that its revenue rose 52.5 per cent in the mentioned period. Chalco generated revenue of 139.9 billion in January- September. The company also announced its plans to add 16 billion yuan of investment into five of its subsidiaries. “At present, the company is implementing the relevant decision-making procedures and has not yet entered into any formal agreement with...
As updated by Shanghai Metals Market, average Prices of A00 aluminium ingot have dropped significantly across all markets after rising steadily all through the week. Average A00 aluminium ingot price dropped from RMB 16,270/t to stand at RMB 16,190/t today on October 27. A00 aluminium ingot prices across all individual markets have also dropped consequently. The fall in aluminium A00 Aluminum prices across the various markets in China today are presented in the table below: In China, on Thursday, the most active SHFE aluminium 1711 opened at RMB 16,185/t, went as high as 16,450/t and finally closed at RMB 16,400/t. On Friday, SHFE 1711 aluminium opened at RMB 16,370/t. Mainstream traded prices were RMB 16,160-16,180 /tonne in Shanghai, discounts of RMB140-130 /tonne over SHFE 1711...
With speculations rife on dwindling aluminium and its raw material supplies from China, LME aluminium kept surging higher on Thursday, October 26, and closed at US$2,175 per tonne, up from its previous close at US$2,149.50 per tonne on Wednesday, October 25. The biasness towards and upside was so strong that even a stronger dollar could not weigh on it. To note, the U.S. Dollar Index DXY, +0.14 per cent which tracks the currency’s performance against six major currencies, was one per cent higher at 94.683, hitting its loftiest level since mid-July, MartketWatch reported. Price trend suggests that LME aluminium will continue to trade at highs in the near term. As on October 26, LME official cash buyer aluminium price (Bid Price) stands at US$2,174 per tonne, cash seller & settlement...
The Aluminum Association, in cooperation with the Aluminium Association of Canada, reported primary aluminium production in North America (U.S. and Canada) for the month of September. Production rate for the month of September was at an annual rate of 3,942,596 tonnes during September 2017. Month on month, it was down 17,783 tpy (-0.4%) from the August 2017 rate of 3,960,380 tonnes. The production rate in the U.S. declined eight-tenths of one per cent m/m, while the Canadian rate fell four tenths of one per cent. This drop can be considered as remaining flat for analysis. Compared to a year ago, the North American annual rate was down six-tenths of one per cent from the September 2016 rate of 3,968,038 tonnes. Actual aluminium production through the first three quarters of 2017 stood at...
LME aluminium rallied on Wednesday, October 25, surging to its highest since March 2012. The light metal contract surged amid speculations of dwindling supply from China due to winter capacity cuts, and a weaker dollar before closing down at US$2,149.50 per tonne (up from US$2,144 per tonne on Tuesday, October 24). After a lull of a few weeks, LME aluminium seems to be finally finding a direction. Reuters’ technical analysis suggests that London aluminium price may break above US$2,175 per tonne level triggering another bull run in the near term. As on October 25, LME official cash buyer aluminium price (Bid Price) stands at US$2,149 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,149.50 per tonne, 3M Bid Price is US$2,158 per tonne, 3M Offer Price is US$2,159...
Hydro yesterday announced results for the third quarter of 2017. The company’s underlying earnings before financial items and tax decreased to NOK 2,446 million in the third quarter. Hydro President & CEO, Svein Richard Brandtzæg said, “"We have lifted our global demand estimate for 2017 to 5-6%, indicating a continued strong demand for aluminium. There is a positive market sentiment for aluminium, mainly driven by curtailments of primary production in China, which have supported the market balance in the quarter." "This quarter marks a new chapter in our history, adding Extruded Solutions as a fifth business area in Hydro. We are now 35,000-people strong, with 150 sites all over the world and 30,000 customers throughout the entire value chain of aluminium. We have a global reach as well...
Indian aluminium major National Aluminium Company Limited (NALCO) launched a mobile App ‘NAGINAA’ (NALCO Grahak Information and Networking App for All) on Monday, October 23, in Bhubaneswar, Odisha. With this, the Navaratna PSU has taken customer satisfaction to its next level- customer delight, in perfect alignment with the government’s Digital India vision. NAGINAA was launched by Shri Arun Kumar, Secretary, Ministry of Mines, Govt of India, in presence of NALCO CMD Dr. Tapan Kumar Chand, Shri Subhash Chandra, Jt. Secretary, Ministry of Mines, Dr. N.K. Singh, Jt. Secretary, Ministry of Mines, Shri S. Samantray, General Manager (Marketing) and other officials of NALCO. Developed to enhance customer convenience, the mobile app shall provide details about NALCO, its products,...
Iran has aluminium production capacity of 457,000 ton/year, of which about 437,000 ton/year is operational. According to the latest figures from the customs office, the country produced 128,679 tonnes of aluminium in the first five months of the current Iranian year (ending Aug. 22). Iran’s export of aluminium is estimated to jump in 2017. Top importing countries are Turkey, Taiwan, China, South Korea and India. As shown by our data, in the year 2015, the total aluminium export by Iran was 77236 tons. In 2016, the estimated export was 99023 tons. For 2017, the aluminium export by Iran is estimated to be about 120868 tons. The revenue from aluminium export was US$ 139 million and US$ 164 million respectively for the years 2015 and 2016. The revenue from export is estimated to be about US$...
Emirates Global Aluminium, the largest industrial project in the United Arab Emirates outside oil and gas, has completed a three-year, $300 million project to replace older production lines at its Jebel Ali aluminium smelter with the company’s own UAE-developed technology, boosting production capacity and reducing costs and environmental emissions. The 520 reduction cells at Potline 1 and Potline 3 at EGA Jebel Ali were the company’s oldest and were originally built from 1979. All EGA’s 2,777 reduction cells, the swimming-pool sized tanks in which aluminium is smelted, now run on home-grown technology. EGA produces one tonne in every 25 tonnes of aluminium made worldwide and makes the UAE the world’s fifth biggest aluminium producing nation. Aluminium is the largest made-in-the-UAE export...
With the introduction of reduction plan for alumina and aluminium during heating season and tightness in coal market because of supply-side reforms, China’s aluminium price is getting strong support in the market. SMM is of the view that in the short term, with recovered consumption and production limit of aluminium ahead of schedule, inventories will drop, which will continue supporting aluminium price. The amount of rise will depend on impetus of capital. A00 ingot price is steadily moving on an upward curve on expectation of supply shortage. Average Prices of A00 aluminium ingot have registered a slight rise from RMB 16,150/t to stand at RMB 16,210/t today October 25. A00 aluminium ingot prices across all individual markets have also increased consequently. Today’s aluminium A00...
LME aluminium seems to be neutral within a wide range. The light metal contract which closed at US$2,133.5 per tonne on Monday, October 23, inched higher to close at US$2,144 per tonne on Tuesday, October 24. Reuters’ technical analysis suggests that LME aluminium may break a resistance at US$2,171 per tonne and revisit the high of US$2,199 per tonne. There is a support at US$2,154 per tonne. A break below the level could cause a loss into the current range of US$2,127-US$2,141 per tonne in the near term. But as mentioned in previous analysis, LME aluminium price trend is biased towards an upside. As on October 24, LME official cash buyer aluminium price (Bid Price) stands at US$2,143.50 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,144 per tonne, 3M Bid Price...
A day after India’s coal ministry rejected Nalco’s claim of fuel shortage related CPP unit closure claiming that the PSU had ample supply of coal to the amount of 4.7 million tonnes per annum (MTPA), the aluminium producer said it has “not” yet cut any production at its aluminium smelter due to coal crisis. "As on date, Nalco has not curtailed any production (aluminium metal) at smelter plant due to coal crisis," Nalco said Tuesday in a Bombay Stock Exchange filing. The Navaratna aluminium company said that there is a coal issue across the nation and that the independent power plants are given priority over the captive power plants when it comes to the supply of coal. Since, Nalco sources power from CPP for its aluminium smelter plant, it has been facing such problems from close quarters....
Ge Honglin, chairman of Aluminum Corp of China or Chinalco, China’s biggest state-run aluminium producer said that consumption of aluminium is set to increase by 9-10 per cent in 2017 on the back of strong downstream demand. Aluminium demand is expected to grow faster than the country’s gross domestic product (GDP) in 2018. The aluminium consumption is expected to be around 26.25 million tonnes in the first three quarters of 2017, up 9% YoY, with peak end-year demand yet to come. This was communicated after he represented his company in China’s 19th Communist Party congress as a delegate. Huge consumer demand, he said will open the door for healthy development of the global aluminium industry. China’s estimated GDP growth for 2017 is around 6.5 per cent this year. The International...
UC RUSAL, the leading global aluminium producer from Russia reports QoQ increase in the production of aluminium for the third quarter 2017. Rusal reported total aluminium production of 931 thousand tonnes with an increase of 1.1% QoQ. Production dynamics remained stable with a 95%capаcity utilization rate. Siberian smelters represented 94% of total aluminium output. In Q3 2017 total aluminium sales dropped 3.4% QoQ to stand at 968 thousand tonnes. The fall in aluminium sales is largely explained by increase of goods in transit due to ports/vessels availability and the realization will take place in the next period. In Q3 2017, sales of value added products (VAP) stood at 479 thousand tonnes. The company has increased the share of VAP in total sales as per strategy, which now stands at 50%...
LME aluminium failed to hold ground at/around its recent price gain and fell by 1.18 per cent from its previous close at US$2,159 per tonne on Friday, October 20. The light metal contract closed at US$2,133.50 per tonne on Monday, October 23. Reuters’ technical analysis suggests that LME aluminium will trade neutrally in the range of US$2,127-US$2,154 per tonne, and is likely to escape a direction in the near term. A break above US$2,154 could lead to a gain to US$2,171 per tonne. If the metal manages to rise to $2,171, a bullish wedge could be confirmed and LME aluminium could revisit the high at $2,199 per tonne. The price trend seems to be biased towards the upside. As on October 23, LME official cash buyer aluminium price (Bid Price) stands at US$2,132.50 per tonne, cash seller &...
Sohar Aluminium, the host and organizers of the 2017 Arab International Aluminium Conference (ARABAL), has unveiled a formidable line-up of industry leaders from around the globe for the international event. Set to be held at the Shangri-La Barr Al Jissah Resort & Spa, Muscat, from 6 – 9 November 2017, ARABAL 2017 will feature a total of 12 sessions, each dedicated to a subject of vital significance to the global industry. A detailed programme agenda set out for the three-day event will include panel discussions, case studies and research papers presented by 66 speakers comprising leading executives and experts to offer insights into the sustainable growth of the region’s aluminium industry. Engineer Said Al Masoudi, CEO of Sohar Aluminium, commented, “The conference’s list of speakers...
