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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With the introduction of reduction plan during heating season of Henan, Shandong and Shanxi Provinces, the affected annual capacity of electrolytic aluminium is expected to exceed 2.6 million tonnes. Since restarting of old capacity and newly-increased capacity are on the line, so production limit under high inventories will not cause short supply. The resistance of rise of Aluminium price in the long term has increased after mindset change. In the short term, with recovered consumption and production limit of electrolytic aluminium ahead of schedule, inventories will drop, which will continue supporting aluminium price. The amount of rise will depend on impetus of capital. Prices of A00 aluminium ingot have registered a slight rise from RMB 16,100/t to stand at RMB 16,130/t today. A00...
LME aluminium ended last week in a substantial rise. The light metal contract closed at US$2,159 per tonne on Friday, October 20, up from US$2,128.50 per tonne the previous day. Shanghai Metals Market predicts that LME aluminium will struggle around the moving averages and range at US$2,120-2,150 per tonne on Monday, October 21. Reuters’ technical analysis suggests that LME aluminium is biased to decline to US$2,127 per tonne in the short term. However, any further gain will confirm the bullish price pattern and LME aluminium will revisit the highs of US$2,199 per tonne. As on October 20, LME official cash buyer aluminium price (Bid Price) stands at US$2,158.50 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,159 per tonne, 3M Bid Price is US$2,165.50 per tonne,...
Glencore will swap its 8.75 percent stake in Russian aluminium giant Rusal for shares in En+ Group, an aluminium and hydropower group controlled by tycoon Oleg Deripaska, En+ said on Wednesday. En+ Group plans to raise $1.5 billion in an initial public share offering (IPO) in London and Moscow in November, testing investors’ appetite for Russian assets three years after Western countries imposed sanctions on Moscow over its role in the Ukraine crisis. “We are delighted at the prospect of gaining the long-term support of such a well-renowned partner in the global commodities sector. We look forward to working with Glencore and leveraging its unrivalled expertise to drive the ongoing growth of our business,” Maxim Sokov, En+’s chief executive, said in a statement. The swap with miner and...
Alcoa Corp. sees Chinese cuts in aluminum production returning the global market to “relative balance” as the Asian nation’s supply-side reforms begin to bite. The largest U.S. aluminum producer reduced its global surplus forecast for the lightweight metal this year as China appears to be holding to its promise to curb capacity to meet pollution-control targets. “The improvement is mostly due to planned and actual curtailments in Chinese smelting capacity as well as increased Chinese demand,” Alcoa said Wednesday in its third-quarter earnings statement. China will have a surplus of 1.8 million to 2 million metric tons of aluminum this year, Alcoa said in a presentation accompanying the earnings report. That compares with a July projection for a surplus of 2.2 million to 2.4 million. As a...
The US based global institutional investment management firm York Capital has completed the acquisition of Delfzijl aluminium smelter. Executives from the smelter, which started as Aldel and was later renamed as Klesch Aluminium, met York management to seal the agreement over the re-start of the company this week, reports confirmed. The Delfzijl aluminium smelter in Farmsum, the Netherlands, started its journey as Aldel in 1966. The company engages in aluminium smelting. It offers rolling ingots and aluminium extrusion billets to the rolling mills and extrusion companies. Klesch’s products are used for manufacturing of cars, aircrafts, trains, ships, window frames, and aluminium profiles. Klesch was declared bankrupt in August-end this year; but then the official receiver had expressed...
Anil Agarwal, the founder and Chairman of the mining and metals major Vedanta Resources Plc, is considering the launch of a one billion dollar venture capital fund to help promising young Indian entrepreneurs build their start-ups. With the VC fund, Agarwal will be joining the league of industrialists like Mukesh Ambani, N R Narayana Murthy and Azim Premji who have already made their way into the start-up funding space. Agarwal, who himself began as an aluminium scrap and other metal scrap dealer and then went one to become of the most influential business personalities of the world, wants to finance new Indian ventures in the natural resources domain. He said in a recent interview that he will invest anywhere between INR 5 crore and INR 200 crore ($30 million) in select business...
According to the data released State Statistics Bureau China’s primary aluminium output stands at 2.61 million tonnes in September, down 5.6% YoY. For the period from January to September, China’s primary aluminium output stands at 24.66 million tonnes, an increase of 5% compared with last year. Prices of A00 aluminium ingot have registered a rise of RMB 130/t to stand at RMB 16,100/t today after falling for three consecutive days. A00 aluminium ingot prices across all individual markets have increased substantially. Today’s aluminium A00 Aluminum prices across the various markets in China are presented in the table below: Keeping up with A00 aluminium ingot, SHFE 1712 aluminium, according to SMM will range within a higher range of RMB 16,100-16,350/t and challenge the 5-day moving...
Rio Tinto has been notified by the US Securities and Exchange Commission (SEC) that it has filed a complaint today in relation to Rio Tinto’s disclosures and timing of the impairment of Rio Tinto Coal Mozambique (RTCM). The impairment was reflected in Rio Tinto’s 2012 year-end accounts. Rio Tinto intends to vigorously defend itself against these allegations. The SEC has alleged in a civil complaint filed in the United States District Court for the Southern District of New York that Rio Tinto committed fraud by not accurately disclosing the value of RTCM and not impairing it when Rio Tinto published its 2011 year-end accounts in February 2012 or its interim results in August 2012. Rio Tinto believes that the SEC case is unwarranted and that, when all the facts are considered by the court,...
LME aluminium staged a reversal and rallied notably during night trading on Thursday, October 19. The light metal contract rose from the previous close of US$2,106 per tonne on Wednesday, October 18, to close at US$2,128.5 per tonne yesterday. Reuters’ technical analysis suggests that LME aluminium may break a resistance at US$2,161 per tonne, and rise more to the next resistance level at US$2,172 per tonne in the near term. There is a support at US$2,150 per tonne, a break below which could cause a loss to around US$2,136 per tonne. Shanghai Metals Market predicts that LME aluminium will hover at highs and move within the range of US$2,140-2,165 per tonne on Friday, October 20. As on October 19, LME official cash buyer aluminium price (Bid Price) stands at US$2,128 per tonne, cash seller...
Alcoa Corporation, a global leader in bauxite, alumina and aluminum products, today reported a sequential increase in third quarter 2017 revenue and earnings, driven primarily by improved pricing in the aluminum business segment and higher shipments of aluminum and bauxite. In addition, the Company’s cash balance as of September 30, 2017 reached $1.1 billion. Based on stronger alumina and aluminum prices, Alcoa has increased its projection for full-year adjusted EBITDA to approximately $2.4 billion2. This adjusted EBITDA forecast, up from the second quarter projected range of $2.1 billion to $2.2 billion, includes higher input costs to be reflected in net performance reported with fourth quarter 2017 results. “Alcoa continues to benefit from favorable commodity markets, and we’ve raised...
LME aluminium is sliding down the price graph. The light metal contract which closed at US$2,111 per tonne on Tuesday, October 17, dropped to close at US$2,106 per tonne after night trading on Wednesday, October 18. Reuters’ technical analysis suggests that LME aluminium may break a support at US$2,117 per tonne, and approach the next support level at US$2,103. A break below US$2,103 could cause a further loss to US$2,086 per tonne, while a break above US$2,130 may lead to a gain to US$2,148 per tonne in the near term. As per Shanghai Metals Market forecast, LME aluminium will drop to US$2,105-2,130 per tonne on Thursday, October 19. Source: www.lme.com As on October 18, LME official cash buyer aluminium price (Bid Price) stands at US$2,106 per tonne, cash seller & settlement aluminium...
The global mining giant Rio Tinto Group is mulling sales of its aluminium operations in Australia and New Zealand, reported the Financial Times. The sale of assets includes Pacific Aluminium and a power station at Gladstone, for which the group is in talks with Sanjeev Gupta owned Gupta Family Group Alliance. According to the report, Gupta is flying to Australia to discuss the deal and inspect the power station. Rio’s Pacific Aluminium smelters employ over 2,000 individuals, and registered a total net income of US$92 million in H1 FY 2017-18, a year-on-year jump from last year’s H1 net of US$29 million. Apart from GFG, Century Aluminium of the United States has also been showing interest in the smelters. Glencore Plc, who happens to own a 47 per cent interest in Century, is also rumoured...
LME aluminium dropped from its current highs as September U.S. Dollar index futures rallied on Monday, October 16 after a key Federal Reserve Index of business conditions rose to a three-year high. The light metal contract closed at US$2,111 per tonne after night trading yesterday, down from US$2,144 per tonne on Monday. As predicted earlier, it broke below a support level at US$2,130 per tonne, which caused the loss. Shanghai Metals Market predicts that LME aluminium will regain some strength due to falling inventories and move within the range ofUS$2,140-2,155 per tonne on Wednesday, October 18. As on October 17, LME official cash buyer aluminium price (Bid Price) stands at US$2,110.50 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,111 per tonne, 3M Bid Price...
Rio Tinto released the production results of alumina and aluminium for the quarter third quarter of 2017. The company’s aluminium production dropped due to production curtailment at the Boyne smelter and lower production at the Sohar smelter. The quarterly aluminium production was three per cent lower than the third quarter of last year. Rio Tinto produced 887,000 tonnes of aluminium. In the first nine months of 2017, the company produced 2.6 million tonnes of aluminium. The company’s share of production in 2017 is unchanged at 3.5 to 3.7 million tonnes of aluminium. “Strong operational performances were achieved across most sites, reflecting process improvements that have been embedded throughout the business.” “This was offset by production curtailment at the Boyne smelter due to higher...
The average price for A00 aluminium ingot drops to RMB 16,050/tonne today after a substantial rise on October 13. A00 Aluminium Ingot in spot China market is trading at discounts of RMB 200 - 160/t. A00 aluminium ingot prices across all markets have dropped substantially. Today’s aluminium A00 Aluminum prices across the various markets in China are presented in the table below: Shanghai Metals Market Statistics shows that average spot alumina prices in China remains unchanged on October 17 at RMB 3694/t. On October 17, Chalco alumina price has increased further to RMB3690/tonne from RMB 3650/tonne. Spot alumina prices remain unchanged in all other individual markets in China. According to a Shanghai Metals Market, Henan Province, Binzhou and Zibo city of Shandong Province have introduced...
LME aluminium prices are holding at highs. With the inventories falling by 10,800 tonnes to 1,218,950 tonnes, the light metal contract edged further up to close at US$2,144 per tonne on Monday, October 16 from US$2,140 per tonne last Friday, October 13. Technical analysis and recent price movements suggest that LME aluminium may trade within a wide range of US$2,135-US$2,155 per tonne in the short term. As on October 16, 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 is US$2,159 per tonne, 3M Offer Price is US$2,159.50 per tonne, Dec1 Bid Price is US$2,205 per tonne, and Dec1 Offer Price is US$2,210 per tonne. LME aluminium Opening Stock or the LME aluminium...
Alro S.A., the largest aluminium producer in continental Europe (excluding Russia and the Scandinavian Peninsula), announced that the company will invest $100 million to increase the energy efficiency and specific consumption. The plan is a part of the "Green Factory" program.The "Green Factory" concept will use aims green technologies that will enable Alro to produce high added value aluminium products. Gheorghe Dobra, General Manager of Alro S.A, said, “Now is the time to take the next step, to further reduce the industrial carbon footprint, but at the same time, to continue to increase the production of high and very high added value aluminium and to strengthen our position in sophisticated markets such as aerospace or automotive". The business plan for the period 2017-2021 predicts...
Aluminium stocks at three major ports in Japan declined 2.4 per cent month-on-month to stand at 275,900 tonnes by September end, trading house Marubeni Corp reported on Monday. Marubeni collects stock related data from the ports of Yokohama, Nagoya and Osaka. Aluminium stocks (in tonnes) in the three major ports were as follows: Port Sept 2017 August 2017 Sept 2016 Yokohama 135,200 137,800 138,500 Nagoya 125,700 129,800 133,000 Osaka 15,000 15,000 15,000 Total 275,900 282,600 286,500 September 2017 aluminium stock is down by 3.69 per cent from the corresponding month previous year. The scenario is similar to the LME aluminium inventory levels where the stocks stand at all-time low supporting prices above US$2,125 per tonne. In another update, Reuters reported Japanese aluminium buyers...
