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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Billionaire Russian industrialist Oleg Deripaska is set to list Russia’s largest independent power and aluminium producer En+ on the London Stock Exchange and in Moscow. The industrialist hopes to raise $1.5bn through the dual listing of the power and aluminium producer En+ to help to lower its $5bn debt pile. En+ would be the largest float of a Russian company in the international market. Mr Deripaska expects the group’s Siberian hydropower business and its low-cost aluminium will attract investors shy of investing in Russia because of geopolitical tensions. The The company also expects this to improve Russia's ties with China, where demand for energy and aluminium is growing more than the global average. It follows a series of deals between Russian and Chinese companies in recent years....
India’s exports have shrunk considerably in FY 2017 alongside a slow growth in the domestic manufacturing sector. As compared to an export target of US$900 billion by 2020, exports were less than a third at US$275 billion in the last financial year. The figure is strikingly lower than FY 2014’s US$314 billion worth exports. A prominent producer of primary aluminium in the global map, India’s non-alloyed aluminium ingot export was valued at US$ 1.89 billion (1092.5 tonnes) in FY2016-17 accounting for 0.68 per cent of the total export. During April to July 2017, India exported 376.02 tonnes of non-alloyed aluminium ingots worth US$737.21 (0.79 per cent of the total export value of US$93.3 billion), revealed data shared by the Export Import Data Bank of India Department of Commerce, Ministry...
LME aluminium has dropped slightly. With the US dollar index moving higher after strong US data, the light metal contract slipped to US$2,124 per tonne on Thursday, October 5, from the earlier close of US$2,139 per tonne. Reuters’ technical analysis suggests that LME aluminium may break a resistance at US$2,174 per tonne and rise to US$2,196 per tonne. The trend line indicates a lower support at US$ 2,161 per tonne. A break below this level could cause a loss for LME aluminium into the range of US$2,125-US$2,145 per tonne in the short term. As on October 4, LME official cash buyer aluminium price (Bid Price) stands at US$2,122 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,124 per tonne, 3M Bid Price is US$2,146 per tonne, 3M Offer Price is US$2,147 per tonne,...
Aluminium, the voice of the entire aluminium value chain, supports the agreement on a new EU trade defence regime that was reached yesterday during a final Trilogue meeting between the European Parliament, Commission and Council in Strasbourg. “If confirmed, this agreement could become a game changer for a strong EU defence regime against unfair trade,” said Gerd Götz, Director General of European Aluminium. Aluminium is enjoying a growing demand from end-use sectors but global excess capacities have created enormous unbalances across worldwide markets. “As there are systemic distortions in the Chinese aluminium industry, it is only fair that the new law focusses on these distortions to trigger the use of non-domestic costs for dumping calculation. We welcome the Commission’s commitment...
Krasnoyarsk hosted IХ International Congress & Exhibition “Non-Ferrous Metals and Minerals – 2017” from September 11 to15 that consists of three industry conferences under the chairmanship of P.V. Polyakov (Doctor of Chemistry, Professor), G. L. Pashkov (corresponding member of the Russian Academy of Sciences, Doctor of Technology, Professor), V.A. Makarov (Doctor of Geology and Mineralogy, Professor). The three conferences were: Aluminum of Siberia Metallurgy of non-ferrous, rare and precious metals Gold of Siberia This year the Congress also hosted an International meeting with the topic “Contemporary issues of comprehensive processing of rebellious ores and technogenic raw materials” and the Plaksin readings Conference. More than 700 experts from 194 companies from 24 countries of the...
LME aluminium has gained further. The light metal contract which closed at US$2,114 per tonne on Tuesday, October 3, reversing its current downtrend toward US$2,066 per tonne, has jumped to US$2,139.50 per tonne on Wednesday, October 4. Reuters’ technical analysis suggests that LME aluminium may test a resistance at US$2,174 per tonne. A break above this level could take the contract to a gain to the next resistance at US$2,196 per tonne. A break below this level could cause a loss to US$2,125 per tonne. So, it is likely that LME aluminium will swing widely within the range of US$2,125-US$2,175 per tonne in the short term. Source: www.lme.com As on October 4, LME official cash buyer aluminium price (Bid Price) stands at US$2,138.50 per tonne, cash seller & settlement aluminium price...
A pioneering metallurgist has been presented with an award for his contribution to the global aluminium industry. The Aluminium Industry Award was presented to Prof. Scamans at the Aluminium Federation’s 2017 Dinner by Aluminium Federation President Giles Ashmead. The event, at Tortworth Court in Gloucestershire, was attended by more than 200 guests from across the aluminium sector. Chief scientific officer at Innoval Technology, Professor Scamans is also Professor of Metallurgy at Brunel University’s BCAST metals research facility. He started his research career in 1974 at Alcan International, initially as research scientist and later as principal scientist, a role he took with him when moving to Innoval Technology in 2003. Over the last 30 years he has initiated and managed a number of...
The Aluminum Association honored U.S. Reps. Larry Bucshon (R-IN-8) and Suzan DelBene (D-WA-1) with its Legislator of the Year awards for 2017. The members, who serve as co-chairs of the bipartisan Congressional Aluminum Caucus, received the recognition during a Monday night reception in conjunction with the association’s annual meeting – “Aluminum Moves America.” “It is an honor to receive The Aluminum Association’s Legislator of the Year award,” said Rep. DelBene. “As someone who represents aluminum workers, I know how much these people and their families appreciate our efforts. I look forward to continuing to work together to protect good-paying, middle-class jobs in the U.S. aluminum industry.” Rep. Buschon added: “The aluminum industry supports nearly 6,000 good-paying jobs in the...
National Aluminium Company (Nalco) and Gujarat Mineral Development Corporation (GMDC) have decided not to go ahead with the aluminium smelter plant project in Gujrat. GMDC said that the company has initiated the process for repayment of the amount to Nalco without interest subject to approval of Government of Gujarat. Nalco had made up front payment of INR 151 crore for setting up the alumina refinery and smelter plant in Kutch district of Gujarat. “Land required for the project has been allocated by the state government and part possession has been taken. Process for obtaining possession of remaining portion of land also is under progress. DPR for 0.5 million TPA plant got prepared by Nalco and is not viable,” GMDC stated in its 54th annual report for 2016-17. “Hence they (Nalco) have...
Under the patronage of H.H. Sayyid Harib bin Thuwaini Al Said, Assistant Secretary General of the Council of Ministers for Conferences, Sohar Aluminium is gearing up to host the 2017 Arab International Aluminium Conference (ARABAL). Scheduled to take place in Muscat from November 7th – 9th 2017, the event will be attended by all of the region’s primary aluminium manufactures, in addition to top executives from a cross section of industries, VIPs and over 500 delegates from 30 countries. “The aim of ARABAL is to establish greater collaboration between the leaders and decision-makers in the aluminium industry in the region. The event has become one of the leading and specialized conferences in the aluminium sector, and as the organisers of ARABAL 2017, we are very delighted to have the...
LME aluminium reversed its temporary downtrend and edged higher to cross the US$2,000 per tonne mark. The light metal which retraced its September 18 lows of US$2,067 per tonne on Monday, October 2, increased to US$2,114 per tonne on Tuesday, October 3. A study of the recent price trend suggests that LME aluminium will continue to trade higher in the range of US$2,110-2,130 per tonne in the short term. The rise in the light metal contract price can be explained in the light of steady demand, low inventory level, and a falling crude oil. December U.S. Dollar Index futures though trading higher shortly before the regular session opening the market seems to have given up most of its earlier gains, suggesting the rally has run out of buyers, observed analyst James Hyerczyk, FX Empire (partner...
A high delegation from Line 6 EPCM contractor for Aluminium Bahrain B.S.C., International Bechtel Co. Ltd. (Bechtel), led by its President and Chief Operations Officer Jack Futcher and President for Mining & Metals Paige Wilson paid a visit to the office of Alba’s Board of Directors Chairman, Shaikh Daij Bin Salman Bin Daij Al Khalifa on Wednesday September 20, 2017. The delegates discussed about the progress of the Line 6 Expansion Project. After the discussion with them, the Chairman of Alba’s Board of Directors issued a statement announcing that the pouring of its First Hot Metal (FHM) will take place by January 01, 2019. Aluminium Bahrain B.S.C. (Alba), the Bahrain-based international aluminium smelter, is taking solid steps in building its present and future portfolio with the...
The global aluminium industry is at an inflection point. Production bases of Aluminium, CPC, CTP, and Prebaked Anodes had long started their shift from the West to Asia. Today, China is at the driver’s seat, as far as aluminium and carbon raw materials supply and demand is concerned, and is steering the price movements across these sectors. However, with China stepping up its environmental pollution control regulations many enterprises are being forced to slash their capacity and this is creating wide-scale supply-side uncertainties. Now, the aluminium producers outside China who would rely on the China, a bit too excessively for their CPC, CTP, and prebaked anode requirements are trying to look for alternative procurement sources to sustain production over the long term. AlCircle, the...
TRIMET Aluminium SE announced results for the 2016/2017 financial year (June 30). The company’s sales stood at approximately €1.24 billion. TRIMET Aluminium SE produced around 625,000 tonnes of primary and recycled aluminium in the 2016/2017 financial year. The company produced about 390,000 tonnes of primary aluminium and 235,000 tonnes of recycled aluminium. “Approximately 210,000 tons of the total production were supplied in the form of liquid metal, and the remaining 415,000 tons as formats or ingots,” according to the company press release. Dr. Martin Iffert, CEO of TRIMET Aluminium SE.“After integrating new production sites in previous years, last year we prepared TRIMET for continued and stable future growth. This included continued investments in all areas of the company, as well...
His Excellency Dr. Thani Ahmed Al-Zeyoudi, Minister of Climate Change and Environment of the United Arab Emirates, and business leaders today attended an event held by Emirates Global Aluminium on re-using industrial wastes. The event was held under the Ministry of Climate Change and Environment’s ‘UAE Toward Cleaner Production’ initiative to reduce UAE industry’s impacts on the environment and improve its global competitiveness. At the event, HE Al-Zeyoudi recognised EGA, Eco Cem Industrial Ecology, Eco Industrial Solutions, JK Cement Works, Lafarge Emirates Cement, Pioneer Cement Industries, Union Cement Company, and Star Cement for their pioneering work since 2010 to re-use waste from aluminium smelting in cement manufacturing. Last year EGA supplied over 37,000 tonnes of spent pot...
LME aluminium has come under pressure. With the US Dollar index trading higher by 0.5 per cent on the day (October 3), the light metal contract crossed the US$2,000 per tonne mark and fell into the US$2,065-US$2,085 range. After night trading on October 2, Monday, LME aluminium closed at US$2,067 per tonne, down from US$2,110 per tonne on Friday, September 29. As on October, LME official cash buyer aluminium price (Bid Price) stands at US$2,066 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,067.50 per tonne, 3M Bid Price is US$2,089 per tonne, 3M Offer Price is US$2,090 per tonne, Dec3 Bid Price is US$2,135 per tonne, and Dec3 Offer Price is US$2,140 per tonne. LME aluminium Opening Stock or the LME aluminium inventory level stands at 1259025 tonnes, total Live...
According to an update by Shanghai Metals Market, aluminium followed lead in monthly average price gains among base metals in September. SMM monthly average aluminium price rose RMB 599.07/tonne or 3.84% to RMB 16,194.29/tonne. Currently, China market is closed due to the week-long Chinese National day holiday and there is no latest price update. As for environmental checks are concerned, SMM updates that Hebei is expected to launch another round of environmental crackdown from October 1. The process will take about 25 days to complete. In the same line, Guizhou prepares environmental protection tax, doubling current sewage charge. The tax amount of air pollutant is RMB2.4 per pollutant equivalent and for water pollutant is RMB 2.8 per pollutant equivalent. Chengdu is going to carry out...
According to numbers released by the state, the People’s Republic of China will see a 6-percent rise in refined aluminium demand in 2018, rising from this year’s estimated demand of 34.8 million metric tons to 36.9 million metric tons. Beijing Antaike Information Co., Ltd (Antaike) indicated in its report that demand from aluminium alloy wall, aluminium bridge, and solar aluminium extrusion sectors have propelled demand recently, more than making up for a drop-off in demand from the construction, transport, electronics, and power sectors. According to Antaike’s numbers, domestic supply was sufficient to meet demand. Their numbers show a domestic aluminium supply of 18.59 million metric tons per annum through the first half of 2017, a rise of 19.8 percent year on year. Demand over that...
