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 under moderate pressure as US Dollar index is still on an upward track. The light metal contract closed at US$2,110.50 per tonne on Friday, September 29, up from US$2,102 per tonne on Thursday, September 28. Reuters’ technical analysis suggests that LME aluminium may break a support at US$2,103 per tonne and drop further in the range of US$2,068-$2,081 per tonne in the short term. A bounce from the current level could be limited to US$2,125 per tonne. Source:www.lme.com As on September 29, LME official cash buyer aluminium price (Bid Price) stands at US$2,110 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,110.50 per tonne, 3M Bid Price is US$2,132.50 per tonne, 3M Offer Price is US$2,133 per tonne, Dec3 Bid Price is US$2,243 per tonne, and Dec3...
More than 500 jobs could be created if plans to redevelop a former aluminium smelting site in Northumberland are given the green light. Harworth Estates Investments Ltd is proposing to build a 121,000sqm employment park in Lynemouth, having purchased the 71 hectare site in April 2015. The company said the park would be used for “general industry” and the number of buildings would depend on what businesses needed. Several buildings from the former Alcan smelting plant have been retained and companies currently based there employ more than 100 people. The planning application said this could increase to 650 if the plans for the park are given the go-ahead. Iain Thomson, associate director, partnerships and communications at Harworth Estates, said: “The benefits of what we’re proposing...
A00 Aluminum Ingot prices took a small jump across all major markets after two consecutive drops on September. The average price of A00 Aluminium Ingot would range between RMB 16,120 – 16,160/t and today’s average price stands at RMB 16,140/t, slightly up from RMB 16,120/t yesterday. A00 Aluminium Ingot in spot China market is trading at discounts of RMB 240 - 200/t on the last trading day before the week-long Chinese National day holiday. According to Shanghai Metals Market analysis, SHFE 1711 aluminium will range RMB 16,380-16,550/mt. Today’s aluminium A00 Aluminum prices across the various markets in China are presented in the table below: As for other raw materials are concerned, Average prebaked anode prices in East China, Central China, Southwest China and Northwest China market...
LME aluminium slips further down the price curve. The light metal which stood at around US$2,116-2,117 per tonne for the last two consecutive days, September 26 and 27, fell to US$2,102.50 per tonne on Thursday, September 28. Technical analysis suggests that LME aluminium may rise slightly into US$2,130-2,150 per tonne range on Friday, September 29; but any rise will be limited within a narrow range. Source: www.lme.com As on September 28, LME official cash buyer aluminium price (Bid Price) stands at US$2,102 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,102.50 per tonne, 3M Bid Price is US$2,127.50 per tonne, 3M Offer Price is US$2,128 per tonne, Dec3 Bid Price is US$2,240 per tonne, and Dec3 Offer Price is US$2,245 per tonne. LME aluminium Opening Stock or...
LME aluminium has slowed down on its uptrend. The light metal contract which closed at US$2,116 per tonne last Tuesday, September 26, inched higher to close at US$2,117 per tonne on Wednesday, September 27. Technical analysis suggests that LME aluminium may move within US$2,120-2,140 per tonne on Thursday, September 28, meeting resistance at the 10-day moving average and testing support at the 20-day moving average due to a strong US dollar. As on September 27, LME official cash buyer aluminium price (Bid Price) stands at US$2,116.50 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,117 per tonne, 3M Bid Price is US$2,139.50 per tonne, 3M Offer Price is US$2,148 per tonne, Dec3 Bid Price is US$2,250 per tonne, and Dec3 Offer Price is US$2,255 per tonne. LME...
Alcoa Corporation has been named a leader in the annual Dow Jones Sustainability Indices (DJSI) a recognized source for corporate responsibility and sustainability. In its first year as an independent company, Alcoa Corporation is included in the prestigious DJSI World Index. Alcoa’s former parent company was listed as a sustainability leader for 15 consecutive years. “Alcoa Corporation attributes its inclusion in the Indices to the ongoing dedication of our employees across the globe,” said Michelle O’Neill, Senior Vice President of Global Government Affairs and Sustainability. “Our corporate values, which are to act with integrity, operate with excellence, and care for people, drive our daily commitment to reducing the impact of our operations and increasing the value we bring to...
The leading Indian rating agency ICRA said on Tuesday that it expects the global aluminium deficit to widen this year on the back of Chinese production drop which may total up to 4 million tonne due environmental crackdowns. The agency said that base metal prices which are currently on an upward trend are expected to stay buoyant during the rest of FY2017-18. ICRA in its latest report said it "expects the deficit in the global aluminium market to widen in 2017 as a result of at least 4 million metric tonnes (MMT) of capacity cutbacks in China, due to the recent regulatory developments in the country." Explaining the effect of higher metal prices on Indian primary aluminium industry and other key non-ferrous industries, Jayanta Roy, SVP and Group Head, Corporate Sector Ratings, ICRA said,...
Petcoke requirement of the UAE has been surging riding humongous demand growth from the end user industries namely, energy, steel and aluminium. According to the global export-import data, the country’s petcoke imports will grow 12.2 per cent on a yearly basis reach 819,318 tonnes in 2017. In 2016, UAE’s petcoke import totalled 729,781 tonnes, up 6.5 per cent from the previous year. Calcined petcoke, which is obtained by further heat-treating petroleum coke is used to manufacture prebake anode used in the electrolysis process of aluminium smelting through Hall-Heroult Method. The biggest aluminium conglomerate in the UAE- Emirates Global Aluminium procures a substantial volume of its CPC requirement from China. In H1 2016, it imported 167,966 tonnes of anode grade CPC (at US$273 per tonne...
Aluminium Bahrain B.S.C (Alba), the first aluminium smelter in the Gulf, hosts the 32nd International Aluminium Conference that is being held from September 25 to 27, 2017 at the Gulf Hotel Bahrain. Held under the patronage of the Bahrain’s Minister of Industry, Commerce and Tourism, His Excellency Mr. Zayed bin Rashed Al Zayani, this conference featured many Keynote Speakers, to include Alba’s Chief Executive Officer, Tim Murray, who addressed Alba’s Success Story in Recovering Line 5 Safely and Efficiently. Alba’s CEO took also part in the Executive Panel session titled “Global Challenges and their Impact”. During his welcome address at the Conference, His Excellency Mr. Zayed bin Rashed Al Zayani, said: “Bahrain has one of the most transparent, progressive and open economies in the...
LME has been on a downward track for last few days after a big leap last week. The light metal contract which closed at US$2,128 per tonne on Monday, September 25, came down to close at US$2,116 per tonne on Tuesday, September 26. Technical analysis suggests that LME aluminium may test a support at US$2,125 per tonne, and as observed by Shanghai Metals Market, LME aluminium will move within USD 2,112-2,140/t today. As on September 26, LME official cash buyer aluminium price (Bid Price) stands at US$ 2,115.50 per tonne, cash seller & settlement aluminium price (Offer price) is US$ 2116per tonne, 3M Bid Price is US$ 2,136.50 per tonne, 3M Offer Price is US$ 2,137.50 per tonne, Dec3 Bid Price is US$ 2,247per tonne, and Dec3 Offer Price is US$ 2,252per tonne. LME aluminium Opening Stock or...
A00 Aluminum Ingot prices dropped across all major markets after correction on September 27, Wednesday. The average price of A00 Aluminium Ingot would range between RMB 16,130 – 16,170/t and today’s average price stands at RMB 16,150/t, down from RMB 16,230/t yesterday. A00 Aluminium Ingot in spot China market is trading at discounts of RMB 210 - 170/t. Aluminum Alloys Ingot (ADC12) prices have remained unchanged in all markets. The fall in aluminium A00 Aluminum prices in the major China market is presented in the table below: Aluminum processors in east China are in a rush to make purchases on Wednesday morning for upcoming 2017 Chinese National Day holidays from October 1 to 7. Downstream producers are driven by the currently falling aluminium prices. This allowed spot discounts to...
The special market insight by AlCircle titled “ Global Aluminium & Raw Material Market with Sectoral Focus on CPC, CTP and Prebaked Anode (2016-17)” has grabbed the industry’s attention. From smelters, raw material manufacturers and suppliers to third party vendors and consultants - everyone is showing genuine interest in the report. Some of the biggest names in the upstream aluminium sector have already even subscribed for it. With well-researched information and solid data-backed analysis, the report promises to provide comprehensive overview of aluminium, CPC, CTP, and prebaked anode sectors. It takes into account the changing international trade scenario and analyses the market dynamics of each sector at the backdrop of it, finally summing up in sector-specific short-term outlook. In...
According China Customs data, China’s imports of primary aluminium dropped in August. The country’s primary aluminium imports decreased 20.7 per cent year-on-year to 7,706 tonnes in August. During the first eight months of this year, the country’s inbound shipments of aluminium were 85,436 tonnes, down 34.55 per cent year-on-year, according to news published by Shanghai Metals Market. China exported 240 tonnes of primary aluminium in August. During the first eight months of 2017, the country exported 10,892 tonnes of aluminium, down 33.72 per cent on a yearly basis.
A00 Aluminum Ingot prices took a small jump across all major markets after two consecutive drops. Last week A00 Aluminum Ingot soared high on the news of advanced capacity cut in Henan province and it got corrected at the end of the week. The average price of A00 Aluminium Ingot would range between RMB 16,210 – 16,250/t and today’s average price stands at RMB 16,230/t, slightly up from RMB 16,170/t yesterday. A00 Aluminium Ingot in spot China market is trading at discounts of RMB 240 - 200/t. Today’s aluminium A00 Aluminum prices across the various markets in China are presented in the table below: The fall in aluminium ingot prices also had a ripple effect in aluminium alloy prices lifting the prices of some aluminium alloys in the China market. Average price for Aluminum Alloy (A356) in...
Vedanta- controlled Bharat Aluminium Company Limited (BALCO) has received notice for the closure of its 1,200 Mw power plant from the Chhattisgarh Environment Control Board (CECB). The closure notice has been issued over alleged green norms violation. CECB has asked the company to file a response within 15 days. The board would examine the response and then would ask the company to close its plant if result would find unsatisfactory. The closure notice states that ash slurry coming out of the damaged ash dam passing near the plant is polluting water in the Belgiri nullah (canal) that drains into Hasdeo river. The closure of plant that is located in Chhattisgarh’s Korba district is expected to have impact on the production of aluminium due to lack of power.
The uptrend in LME aluminium seems to be losing its momentum. The light metal contract which closed at US$2,137 per tonne last Friday, September 22, came down to close at US$2,128 per tonne on Monday, September 25. Technical analysis suggests that LME aluminium may test a support at US$2,125 per tonne, and will move in a narrow range of US$2,145-2,175 per tonne in the short term. A break below the support may lead to a loss at around US$2,108 per tonne. As on September 25, LME official cash buyer aluminium price (Bid Price) stands at US$2,127.50 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,128 per tonne, 3M Bid Price is US$2,147 per tonne, 3M Offer Price is US$2,148 per tonne, Dec3 Bid Price is US$2,255 per tonne, and Dec3 Offer Price is US$2,260 per tonne....
Sohar Aluminium, organiser of the 21st Arab International Aluminium Conference & Exhibition (ARABAL), has successfully secured more than 20 major sponsors that will be exhibiting at the upcoming event to be held in Muscat on November 7th – 8th. International and local Gold sponsors of the event include Oman Oil Company, world energy leader GE Power, Export Quebec supporting the Quebec’s Ministry of Economy, Science and Innovation’s 2015 – 2025 Aluminium Development Strategy and global mining giant Rio Tinto. Attracting over 500 delegates from 23 different countries, the theme of this year’s conference will centre on ‘Driving Strategic Growth across the Global Aluminium Industry’ and will feature a high-profile exhibition that will be open to the public throughout the event. Silver...
China, the dominant producer and exporter of petcoke, is set to witness a drop in its total petcoke export in 2017. Due to the recent environmental pollution control crackdowns in China, the supply of this critical raw material of aluminium, has become tight in the domestic market. However, CPC demand in China is forecast to increase by 852,000 tonnes year-on-year leading to a deficit of 78,000 tonnes in 2017. Petcoke or petroleum coke is a by-product of the oil refining process, which when subject to calcination (further heat processing) yields calcined petcoke. CPC is a rich source of carbon and is used to produce anode for the electrolytic reduction process of aluminium smelting. According to reliable industry sources, China exported about 704,264 tonnes of CPC in H1 2016, of which...
