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 dropped marginally on Friday, September 22 ending at US$2,137 per tonne. The earlier close was at US$2,154 per tonne. Shanghai Metals Market forecasts that the light metal contract will move narrowly within the range of US$2,145-2,175 per tonne on Monday, September 25. As on September 22, LME official cash buyer aluminium price (Bid Price) stands at US$2,136 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,137 per tonne, 3M Bid Price is US$2,159 per tonne, 3M Offer Price is US$2,160 per tonne, Dec3 Bid Price is US$2,273 per tonne, and Dec3 Offer Price is US$2,278 per tonne. LME aluminium Opening Stock or the LME aluminium inventory level stands at 1294850 tonnes, total Live Warrants is 1035600 tonnes, and Cancelled Warrant is 259250 tonnes. SME and...
AlCircle is back again with its second report! After the success of “Potline Failure in Aluminium Smelters: Observations and Recent Case Studies (2013-2017),” the Virtual Aluminium Ecosystem has published the special AlCircle Market Insight report titled ‘ Global Aluminium & Raw Material Market with Sectoral Focus on CPC, CTP and Prebaked Anode (2016-17).’ Centred on the changing market dynamics of the Aluminium, Calcined Petcoke, Coal Tar Pitch and Prebaked Anode industries, this report promises to cater to the stakeholders of the entire upstream aluminium value chain. Today, the global aluminium industry is at an inflexion 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...
Coal tar pitch production is growing globally driven by the ferrous and non-ferrous metal sector growth. A critical binder material for anode production required in aluminium smelting through Hall Heroult method of electrolysis, CTP remains in high demand where prebaked technology is used for making aluminium. A couple of decades back West Europe and North America used to be the base of CTP production; but over the years the base has shifted to China. Today, CTP forms approximately 76 per cent of China’s total coal tar market, and coal tar pitch export forms a significant part of its GDP. China exported 1,44,405 tonnes of CTP in the first three months of 2017. In March alone, the export quantity peaked at 85,128 tonnes. Following the wide-scale environmental pollution control checks and...
An official from the Ministry of Environmental Protection confirmed that winter output cuts will not overlap with illegal capacity closures that are taking place currently. Two producers in Henan have already begun winter cuts in advance. According to SMM, this fuelled the big gains in Chinese market. Traded prices were mainly between RMB 16,230-16,260/tonne, premium of RMB 60 /tonne over Shanghai on September 22. A00 Aluminum Ingot prices dropped across all major markets after the big leap on Wednesday. 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, down substantially from RMB 16,600/t yesterday. A00 Aluminium Ingot in spot China market is trading at discounts of RMB 220 - 180/t. The fall in aluminium...
LME aluminium dropped slightly as the market supply still remains robust. The light metal contract came down from its earlier close of US$2,164 per tonne on Wednesday, September 20, to close at US$2,154 per tonne on Thursday, September 21. According to Shanghai Metals Market forecast, LME aluminium will fluctuate at highs in the short term and move between US$2,140-2,175 per tonne on Friday, September 22. Reuters’ technical analysis suggests that LME aluminium may test a support at US$2,125 per tonne, breaking below which may lead it to the next support level at US$2,103 per tonne. As on September 21, LME official cash buyer aluminium price (Bid Price) stands at US$2,153 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,154 per tonne, 3M Bid Price is US$2,174 per...
According to the latest data published by the World Bureau of Metal Statistics (WBMS), global primary aluminium market recorded a deficit at the end of the first seven months of 2017. The market recorded a deficit of 1.38 million tonnes during January-July, up from 751,000 tonnes of deficit in the whole of 2016. The WBMS report also states that the global demand for primary aluminium was recorded at 35.93 million tonnes during the first seven months of this year, from 33.71 million tonnes a year ago. Previous reports had stated that aluminium supply worldwide was in a deficit of 1.07 million tonnes during the first six months of 2017, from a deficit of 1.1 million tonnes for the whole of 2016.
Vedanta today announced that the State Pollution Control Board, Odisha ('SPCB') has revoked order for closure of three units (two units of 135 MW each and one unit of 600 MW) on September 20, 2017, and hence restarted these units of power plant. The company will not need to buy the 200 MW power from external sources. On 13 September 2017, SPCB had directed a temporary closure of the five power plant units (three units of 135 MW each of the 1215 MW power plant, and two units of 600 MW each of the 2400 MW power plant), following a breach in the Ash Pond dyke wall at Jharsuguda. The revocation order will help the Company get complete reliable power generation back in place, satisfying the current requirement for Smelter operations.
According to the figures released by the International Aluminium Institute (IAI) and published by Shanghai Metals Market, the global aluminium production in the month of August dropped sharply both on monthly and yearly basis. The global aluminium production stood at 4.8 million tonnes in August, down 55,000 tonnes from July and 63,000 tonnes from a year ago. The production of aluminium outside China was 2.16 million tonnes in August, from 2.17 million tonnes in July. In other news from SMM, the Commission of Industry and Information Technology of Henan Province said that 70,000 tonnes of aluminium capacity from three smelters are available for sale nationwide.
LME aluminium strengthened further as positions dropped sharply. The light metal contract rose to US2,164 per tonne on Wednesday, September 20, up from US$2,490 per tonne on Tuesday, September 19. The U.S. Federation decided to keep the interest rate unchanged, but sounded hawkish on rate hike forecasts and balance sheet reduction sending U.S. dollar index to new highs. This is likely to weigh down base metal prices. Shanghai Metals Market predicts that LME aluminium which opened low on Thursday, September 21, will range at US$2,165-2,185 per tonne. As on September 20, LME official cash buyer aluminium price (Bid Price) stands at US$2,163.50 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,164 per tonne, 3M Bid Price is US$2,190 per tonne, 3M Offer Price is...
Oman's Sohar Aluminium today announced that the aluminium production started again on Friday, 15th September, following the interruption at its smelter in Sohar. The company had informed about an accident which interrupted normal operations in August. The accident halted aluminium production for six-and-a-half hours. "Sohar Aluminium has confirmed it has re-energised the potline, and on Friday 15th September 2017 gradually began re-starting the pots and the production of aluminium," said Said Al Masoudi, chief executive officer of Sohar Aluminium. "The company is still working closely with a team of industry experts to progressively return to full production levels as early as possible," he added. Sohar Aluminium is jointly owned by Oman Oil Company, Abu Dhabi National Energy Company PJSC...
Two aluminium and alumina producers in Henan have started winter capacity cuts in advance, from Sept 19. As reported by SMM, Jiaozuo Wanfang Aluminum will cut aluminum capacity by over 30% based on the number of electrolytic cells, while Chalco Zhongzhou Aluminum will cut alumina capacity by over 30% based on the number of production lines. They will continue the process until Mar15, 2018. This has buoyed aluminium and aluminium alloy prices in China across all markets. SHFE 1711 aluminium gained as much as 3.88% as of 2:34 pm after news of two producers in Henan cutting capacity ahead of schedule started floating in the market. The rise in aluminium alloy prices is presented in the table below: A00 Aluminium Ingot prices in China have registered a rise for two days consecutively after a...
Aluminium Association of India (AAI), a member of Aluminium International and the apex body representing all primary and secondary producers of aluminium in India organized a national seminar today on the theme ‘Aluminium in Power Transmission and Distribution’ at Bhubaneswar. In his inaugural address, Dr. Tapan Kumar Chand, Chairman of Aluminium Association of India, said, ‘’Per capita aluminium consumption in India is only 2.2kg against world average of 7 kg and 20 kg in China. There is huge potential for increasing the consumption of aluminium from existing level of 3.2 million tons per annum to 8 million tons per annum in next 2 to 3 years. Smart cities, bullet trains, power to every household, energy efficient automobile, aluminium wagons and many more are the areas for expansion of...
North Korea imported $3.47B worth of goods, making it the 141st largest importer in the world. The country mostly imports from China and India. During the first seven months of this year, North Korea imported 232 tonnes of primary aluminium from China, an increase of 886 per cent year-on-year. North Korea’s imports of aluminium dropped sharply in 2016. The country is projected to witness a slight increase in imports of aluminium this year. In the year 2015, imports of aluminium stood at about 1439 tonnes (estimated). The volume decreased to 408 tonnes in 2016. The aluminium import by North Korea is estimated to stand at about 416 tonnes in 2017. The cost from import was US$ 1.96 million and US$ 0.77 million respectively for the years 2015 and 2016. The cost of import of aluminium by the...
LME aluminium recovered from its recent lows and climbed to US$2,107.50 per tonne on Tuesday, September 19, as positions dropped sharply, indicating risk aversion. The rise of 1.95 per cent from its earlier close of US$2,067 per tonne on September 18 proves that the technical side is positive for the light metal. Shanghai Metals Market forecasts that LME aluminium will range at US$2,110-2,140 per tonne on Wednesday, September 20. Reuters’ technical analysis suggests that LME aluminium may end its current bounce around a resistance at US$2,148 per tonne, and then fall towards a support at US$2,103. As on September 19, LME official cash buyer aluminium price (Bid Price) stands at US$2,107 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,107.50 per tonne, 3M Bid...
LME aluminium seems to have regained some strength. After dropping to around US$2,060 per tonne, it is again moving up. The light metal closed at US$2,067 per tonne on Monday, September 18; but Shanghai Metals Market predicts that LME aluminium will range at US$2,080-2,107 per tonne on Tuesday, September 19. According to Reuters’ technical analysis, LME aluminium may bounce to US$2,125 per tonne in short term, as it has risen above a resistance at US$2,103 per tonne. As on September 18, LME official bid price of aluminium stands at US$2,066 per tonne, offer price is US$2,066.50 per tonne, 3M bid price is US$2,095 per tonne, 3M offer price is US$2,096 per tonne, Dec3 bid price is US$2,225 per tonne, and Dec3 offer price is US$2,230 per tonne. The current LME official Opening Stock of...
Ahmed Mansoor Al Aali Group (AMA Group), one of the major Bahraini contractors for Alba’s Line 6 Expansion Project has welcomed Alba’s Chief Executive Officer, Tim Murray in their plant during his inspection visit. He visited the plant to celebrate the fabrication of 100 Pot Shells on Thursday September 7th 2017. Line 6 Project Director Shawqi Al Hashmi and a delegation of Line 6 Owners’ Team and Bechtel managers accompanied Murray during the visit. Expressing his pleasure at the achievement Murray said: “We are very happy with AMA Group’s swift progress in fabricating 100 pot shells ahead of schedule. This level of performance shows that AMA Group shares our commitment to accelerate the delivery of Line 6 Expansion Project.” Alba awarded AMA Group the contract to manufacture 427 pot...
Aluminium Bahrain B.S.C (Alba), the Bahrain-based world’s leading aluminium smelter, is a key partner and a host sponsor of the 32nd International Aluminium Conference that will be held in the Kingdom of Bahrain from 25 to 27 September 2017 at the Gulf Hotel Bahrain. The conference will feature a number of key speakers, thought leaders and aluminium experts including Alba’s Chief Executive Officer, Tim Murray. Commenting on Alba’s sponsorship for the 32nd International Aluminium Conference, Alba’s CEO, Tim Murray, said: “It is our pleasure to partner with Metal Bulletin in hosting the 32nd International Aluminium Conference as Alba is on the way to become the largest single-site smelter in the world with the commissioning of Line 6 on January 1st, 2019. We also look forward to meeting and...
LME aluminium improved slightly to close at US$2,068 per tonne on Friday, September 15. Shanghai Metals Market observes that LME aluminium will range US$2,080-2,110 per tonne Monday, September 18. According to Reuters’ technical analysis, LME aluminium may fall into the range of US$2,055-US$2,068 per tonne, as it could have peaked around $2,146. As on September 15, LME official cash buyer aluminium price (Bid Price) stands at US$2,067.50 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,068 per tonne, 3M Bid Price is US$2,098 per tonne, 3M Offer Price is US$2,100 per tonne, Dec3 Bid Price is US$2,228 per tonne, and Dec3 Offer Price is US$2,233 per tonne. LME aluminium Opening Stock stands at 1313400 tonnes, total Live Warrants is 1135600 tonnes, and Cancelled...
