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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LME aluminium is trending high supported by a dipping dollar index, low inventory, strong demand, and positive Chinese economic data. The light metal closed higher at US$2,140 per tonne on Friday, October 13, rising from US$2,117.5 per tonne on Thursday, October 12. Shanghai Metals Market observes that the light metal contract will continue to move within the range of US$2,125-2,155 per tonne on Monday, October 16. Reuters’ technical analysis suggests that LME aluminium may retest a support at US$2,130 per tonne; a break above the level could cause a loss toward the next support level at US$2,117 per tonne in the near term. As on October 13, LME official cash buyer aluminium price (Bid Price) stands at US$2,139 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,140...
Alcoa Corporation, a global leader in bauxite, alumina and aluminum products, today announced that the Company and power provider Luminant Generation Company LLC have terminated the electricity contract tied to Alcoa’s Rockdale Operations in Texas. The smelter at Rockdale has been fully curtailed since the end of 2008. The termination of the contract, which had been set to expire no later than 2038, was effective as of October 1, 2017. While the Company sold surplus electricity since the smelter’s curtailment, Alcoa’s cost of power under the contract exceeded the related revenue. The Company expects an annual improvement to net income and adjusted EBITDA (earnings before interest, tax, depreciation and amortization) of $60 million to $70 million as a result of the contract termination,...
Global Aluminium & Raw Materials industry dynamics is changing fast with the quick growth of aluminium production in China and Asia. It becomes imperative for the global aluminium industry players to be well apprised of the changes in the market and the supply chain. AlCircle, as one of the leading information providers for the entire aluminium value chain has been tracking the changing trends in the upstream segment. Recently, AlCircle has published a report titled “ Global Aluminium & Raw Material Market with Sectoral Focus on CPC, CTP and Prebaked Anode (2016-17)” backed by well-researched information and solid data analysis. The report promises to provide comprehensive overview of aluminium, CPC, CTP, and prebaked anode sectors. The Special Market Insight from AlCircle brings to you...
According to Shanghai Metals Market, base metals in China finished in the positive territory. Prices in China’s market are expected to hold stable before the upcoming 19th CPC National Congress that is starting on October 18. A00 aluminium ingot prices are up across all major markets after two consecutive falls. The average price of A00 Aluminium Ingot has today increased to stand at RMB 16,250/t, up RMB 190 per tonne from RMB 16,060/t on October 12. The average price would range between RMB 16,230 – 16,270/tonne. A00 Aluminium Ingot in spot China market is trading at discounts of RMB 120 - 80/t. Today’s aluminium A00 Aluminum prices across the various markets in China are presented in the table below: Prices of Aluminium alloy ingot in major Chinese markets have seen a rise today...
Aluminum prices are slowly falling after the last rise on October 9. As the news of winter capacity cut during November-December are fading away positive market sentiments are slowing down too putting pressure on price. After closing at US$2,124 per tonne on Wednesday, October 11, it came down slightly to US$2,117.5 per tonne after night trading on Thursday, October 12. SMM expects LME aluminium to move little up and challenge the 5-day moving average and hover within USD 2,140-2,165/t today. According to a Reuters’ analysis LME aluminium may retest a support at $2,130 per tonne, a break below which could cause a further loss to the next support at $2,117. Analysts further say that resistance is at $2,158/t, and a break above this may lead to a gain to $2,175. A break above $2,175 would...
Aluminum prices are falling back again after a rise on October 9. According to SMM analysis, the fall was driven by the rumour that one aluminium smelter in Shandong was exempted from winter capacity cut during November-December. SMM expects LME aluminium to move within a lower range of USD 2,120-2,150/mt today. According to a Reuters’ analysis LME aluminium may break a support at USD 2,125 per tonne and fall to the next support at $2,103, as suggested by Fibonacci projections. A small double-top forming around $2,174 has also been confirmed by the analysts. As on October 11, LME official cash buyer aluminium price (Bid Price) stands at US$2,123 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,124 per tonne, 3M Bid Price is US$2,146.50 per tonne, 3M Offer Price is...
Minister of the Public Business Sector in Egypt, Asharaf El Sharkawy has asked Egypt Aluminum to expedite the implementation of their development projects. He has further directed the company to complete the necessary feasibility studies of the project and reduce the implementation time of the projects. According to a statement from the Ministry of Public Business Sector on Tuesday, Egypt Aluminum plans to establish a new plant with an annual production capacity of 250,000 tonnes. The Extraordinary General Assembly of Egypt Aluminum has recently approved all the necessary expansion costs of the company. It has increased company’s licensed capital from EGP 1bn to EGP 5bn. Paid up capital has been increased from EGP 550m to EGP 1.1bn to offer cash liquidity. Minister Ashraf El Sharkawy...
After two consecutive price rises in last two days after China market reopened on October 9, A00 Aluminium Ingot prices dropped across all major markets. The average price of A00 Aluminium Ingot dropped to stand at RMB 16,130/t from RMB 16,260/t on October 10. The average price of A00 Aluminium Ingot would range between RMB 16,240 – 16,280/tonne. According to Shanghai Metals Market, spot discounts in east China aluminium market narrowed notably today due to drops in SHFE 1710 aluminium prices and nearing of delivery of SHFE 1710 aluminium. Discounts of RMB 130-110/tonne over SHFE 1710 aluminium were offered in East China market.Trading was down as traders showed low buying interest due to low price and downstream producers completed post-holiday restocking. Mainstream traded prices were...
Strong demand and a low inventory level are buoying LME aluminium prices up but the contract seems to be struggling at the 5-day moving average. After closing at US$2,135 per tonne on Monday, October 9, it came down slightly to US$2,133 per tonne after night trading on Tuesday, October 10. Shanghai Metals Market observes that the light metal contract will continue to lurch higher within the range of US$2,155-2,175 per tonne on Wednesday, October 11, as US dollar dropped in step after Donald Trump disputed with the Republican Senator indicating at a possible obstruction to tax reform. Reuters’ technical analysis suggests that LME aluminium may retest resistance at US$2,174 per tonne; a break above the level could lead to a gain to the next resistance at US$2,196. There is a support at...
According to a Reuters report, two Russian business tycoons Mikhail Prokhorov and Viktor Vekselberg have expressed intention to sell a 3-per cent stake in Russian aluminium company Rusal using accelerated bookbuilding (ABB). While Prokhorov is offering 0.7 per cent in Hong Kong-listed Rusal, Vekselberg is offering 2.3 per cent, one of the bookrunners confirmed. The ABB deal announcement comes less than a week after En+ Group, which owns a 48 per cent stake in Rusal, said it would float an IPO in London and Moscow. Based on Rusal’s closing share price of HK$5.84 on Tuesday, October 10, the market value of 3 per cent stake is $341 million. The company’s shares fell 2.8 percent in Hong Kong during the day. Neither Rusal and Onexim Group, which manages Prokhorov’s assets, or Renova Group,...
Vedanta Resources Plc releases Production report for the Second Quarter and Half Year ending 30th September 2017. Aluminium business reported record quarterly aluminium production. Smelters continue to ramp up through the quarter maintaining a current run-rate of 1.6 mtpa (excluding trial run production). During Q2 FY2018, Vedanta’s aluminium production including trial run increased 36% YoY and 14% QoQ to 401,000 tonnes. The increase was primarily driven by ramp ups at the Jharsuguda II smelter and complete ramp up of the Balco II smelter in Q1 FY 2018. Out of the total 228 pots which were damaged in the April 2017 power outage at Jharsuguda I, 121 pots have been repaired and made operational till date, and the balance pots are expected to be back in action by Q3 FY2018. Jharsuguda II...
Aluminium Bahrain B.S.C. (Alba) managed to remain on course in the third quarter of 2017 with its sales and production volumes topping 247,540 tonnes and 253,475 tonnes respectively, up by 0.5% Year-on-Year (YoY) and 3% YoY as compared to the third quarter of 2016. For the nine months of 2017, the Company sales volume reached 700,629 tonnes, down by 2.4% YoY, while production dropped by 1.9% YoY to reach 706,869 tonnes due to the power outage incident in April 2017. In addition, Alba closed the third quarter and the nine months of 2017 with Value-Added Sales averaging 59% of total shipments. Commenting on Alba’s Sales and Production volumes for this period, Alba’s Chief Executive Officer, Tim Murray said: “We are pleased with the solid 3rd quarter performance on the back of the speedy...
LME aluminium is staggering up the price curve. The light metal contract which ended last week in a drop at around US$2,121.5o per tonne, edged higher on Monday, October 9, to close at US$2,135 per tonne. Overall base metal prices on LME too outperformed their counterparts on Shanghai Futures Exchange (SHFE) on Monday. Shanghai Metals Market predicts that LME aluminium will continue to rise higher, though slowly, and fluctuate within the range of US$2,160-2,185 per tonne on Tuesday, October 10. Reuters’ technical analysis suggests that LME aluminium may retest resistance at US$2,174 per tonne; a break above the level could lead to a gain to the next resistance at U$2,196, while a break below it could cause a loss into the range of US$2,125-$2,139 in the near term. As on October 9, LME...
LME aluminium is on a moderate uptrend. The light metal contract ended last week in a marginal drop from its earlier close at US$2,124 per tonne on Thursday, October 5. The closing price for LME aluminium on Friday, October 6, was US$2,121 per tonne. Shanghai Metals Market (SMM) forecasts that LME aluminium will fluctuate widely within the range of US$2,135-2,165 per tonne around its 5 and 20-day moving averages on Monday, October 9. Source:www.lme.com As on October 6, LME official cash buyer aluminium price (Bid Price) stands at US$2,121 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,121.50 per tonne, 3M Bid Price is US$2,145 per tonne, 3M Offer Price is US$2,146 per tonne, Dec1 Bid Price is US$2,190 per tonne, and Dec1 Offer Price is US$2,195 per tonne. LME...
Rio Tinto, the third largest aluminium producing company in the world, is mulling the sale of its biggest aluminium smelter in Europe after the prices for the metal surged in the last few months. LME aluminium has risen by about 30 per cent this year, and this has lent momentum to Rio’s plan of putting up for sale smelters that are “not powered by hydroelectricity.” Europe’s Dunkerque aluminium smelter which currently operates using electricity generated by an EDF nuclear plant is the latest pick for a selling consideration. The plant came on-stream in 1991, and was acquired by Alcan in the year 2003. It has a capacity of 270,000 tonnes of aluminium per year. The Dunkerque aluminium smelter is not the first property Rio has considered for sale. Last year, the company sold its British...
The National Union of Metal workers of South Africa (Numsa) called off a strike at South32's aluminium smelter in KwaZulu-Natal province after accepting the new wage offer from the latter. South32 confirmed in a statement on Friday that it has reached an agreement with Numsa which supports the long term sustainability of its Hillside operation. Mike Fraser, President and Chief Operating Officer for South32 Africa Region, said: “This agreement supports our goal of managing controllable costs at Hillside and has laid a foundation to work with Numsa to jointly identify opportunities to reduce labour costs.” The Numsa said that its members have agreed a hike of 5.1per cent for all workers and a 5.6 per cent for drivers. Numsa's spokesperson Phakamile Hlubi said: “Our members are satisfied...
Sohar Aluminium, the host and organizers of the 2017 Arab International Aluminium Conference (ARABAL), have announced the full programme for the upcoming global industry event. Set to take place in Muscat from November 7th – 9th 2017, it will feature a two-day conference and exhibition featuring over 60 international experts under this year’s theme of ‘Driving Strategic Growth across the Global Aluminium Industry’. Sohar Aluminium has also confirmed it will be taking delegates, sponsors and media partners on a site tour of its smelter and facilities in Sohar. Regarded as the leading aluminium industry event in the Middle East, ARABAL 2017 will attract over 500 delegates from 30 countries. The conference is held annually and hosted on a rotational basis, and this edition marks the second...
Prebaked anode manufacturing has undergone a paradigm shift. Once strong base-the Americas, have reduced coal production due to stricter environmental rules, and the East (read China) has seized the opportunity to emerge as the biggest producer. The little anode quantity that is produced in the US mainly goes on to fulfil the market demand in Canada. In Venezuela, anodes are used by the local industry. Due to rapid development of the aluminium electrolytic industries and conversion of Söderberg plants to prebake operations, China has achieved an unprecedented growth in prebaked anode production in recent years. It is currently the top anode producing country in the world and accounts for about 50% of the third party anode requirement of Russia, Europe, North America, the Middle East and...
