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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Nalco has commissioned its wind power plants with 50 MW and 50.4 MW capacity in Rajasthan and Maharashtra, respectively, at a cost of Rs 669 crore. The company plans to set up another wind power plant of 50 MW capacity and looking at suitable location in the country. Techno-commercial bids for selection of wind power developer were opened in last December and price bid is in the process of being opened, the company said in its annual report. The company also plans to set up a 20 MW solar power plant in Madhya Pradesh. The project is registered with MPNRED (Madhya Pradesh New & Renewable Energy Department) and 55.62 Ha land has been transferred to the department in November, 2016. Application for grid connectivity permission was also submitted to Madhya Pradesh Paschim Kshetra Vidyut...
AlCircle, the Virtual Aluminium Ecosystem, is soon to come up with its second report. This special AlCircle Market Insight titled ‘ Global Aluminium & Raw Material Market with Sectoral Focus on CPC, CTP and Prebaked Anode (2016-17)’ brings together the current market trends of Aluminium and its three key raw materials- Calcined Petroleum Coke, Coal Tar Pitch and Prebaked Anode from across the world. What does the AlCircle Market Insight report offer? The report takes into account the changing international trade scenario and analyses the market dynamics of each sector- Aluminium, CPC, CTP and Prebaked Anode at the backdrop of it. It takes one sector at a time to explain in details the following topics: A general overview of the upstream Aluminium industry covering individual raw material...
Following a breach in the Ash Pond dyke wall at Jharsuguda at the end of August, the State Pollution Control Board, Odisha ('SPCB') on September 13, 2017 served a direction resulting in a temporary closure of 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. The remaining units of the 1215 MW plant have been allowed to operate until 12 October 2017, and the remaining units of the 2400MW plant have been allowed to operate until 20 September 2017. This has been confirmed by a press release from Vedanta yesterday. The SPCB has asked the Company for compliance of certain conditions with a concrete plan within 5 days. The Company is complying with the order of SPCB along with a request for revoking the said closure orders. This...
The A00 Aluminium Ingot (Al99.70) price in China is on a downward curve for two consecutive days after a rise. . According to Shanghai Metals Market Statistics, today’s price stands at RMB 16,200/t, a drop from RMB 16,250/t yesterday and would range between RMB 16,180 – 16,220/t today. Average monthly price for September stands at RMB 16,090.42/t. SHFE 1709 aluminium also took a plunge on Friday morning, closing at RMB16,090/tonne before noon. This compelled suppliers in Guangdong spot market to cut offers to RMB16,110/tonne, down from RMB16,200-16,230/tonne traded before the slump in futures market. Trading slowed down as lower prices triggered bearishness in the market. Today’s A00 Aluminum Ingot prices and the daily changes in the six major domestic markets are shown in the table...
LME aluminium seems to be coming under a downward pressure from the price declines of its counterpart traded at Shanghai Futures Exchange. The light metal which remained unchanged at US$2,083 per tonne for two consecutive days- September 12th and 13th, came down to US$2,065 per tonne on Thursday, September 14. Shanghai Metals Market observes that LME aluminium will struggle at around the 20-day moving average and range at US$2,080-2,110 per tonne on Friday, September 15. According to Reuters’ technical analysis, LME aluminium may retest support at $2,081 per tonne, a break below which could lead to a drop around US$2,055 per tonne in the foreseeable future. As on September 14, LME official cash buyer aluminium price (Bid Price) stands at US$2,064 per tonne, cash seller & settlement...
Some Japanese aluminium buyers have agreed to pay a global producer a premium of $95 per tonne for shipments in the October to December quarter, reflecting lower spot premiums, two sources directly involved in the pricing talks said on Thursday. The new premiums are between 19.5 percent and 20.2 percent lower than the $118 to $119 per tonne premiums PREM-ALUM-JP in the previous quarter and the prices are down for a second consecutive quarter. The buyers who made the deal with the single producer are still negotiating with other global sellers while many other Japanese buyers are in talks with all of the producers, with further deals expected later this month. Japan is Asia’s biggest importer of aluminium and the premiums for primary metal shipments it agrees to pay each quarter over the...
China’s production of 10 nonferrous metals fell 2.2 per cent to 4.42 million tonnes in August, according to the National Bureau of Statistics (NBS). The country’s aluminium production declined for a second successive month to the lowest level since April 2016 in August. China’s aluminium production decreased 3.7 per cent year-on-year to 2.64 million tonnes in August. During January- August, the country produced 22.17 million tonnes of aluminium, an increase of 6.1 per cent from a year ago. “We do think aluminium production will go slightly down going forward,” Jackie Wang, an aluminium consultant at CRU in Beijing said. “Because of the supply-side reform cuts and upcoming winter cuts, we expect to see a bit of a deficit in Q4 in China.” China’s nonferrous production increased 4.9 per cent...
LME aluminium seems to be lacking the rising impetus after retracing to previous highs. The light metal contract closed at US$2,083 per tonne on Wednesday, September 13, unchanged from the previous day’s close after trading within a narrow range throughout the day. According to Reuters’ technical analysis, LME aluminium is biased to drop below a neutral zone of US$2,103-2,135 per tonne on Thursday, September 14. As on September 13, LME official cash buyer aluminium price (Bid Price) stands at US$2,082 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,083 per tonne, 3M Bid Price is US$2,116.50 per tonne, 3M Offer Price is US$2,117.50 per tonne, Dec3 Bid Price is US$2,248 per tonne, and Dec3 Offer Price is US$2,253 per tonne. LME aluminium Opening Stock stands at...
Tajikistan is considering increasing the production of primary aluminium in 2017. The country’s exports of raw aluminium represent 30.4% of the total exports. Turkey is one of the main consumers of country’s aluminium. The country’s largest state-owned company Tajik Aluminium Company (TALСO) has planned to increase aluminium production to 300,000 tonnes by 2020.TALCO official representative Igor Sattarov said: "The production will be brought to 168,800 tonnes in 2018, to 188,800 tonnes in 2019, and to 300,000 tonnes in 2020." According to the recent estimate, in 2015, Tajikistan exported 127421 tons of aluminium. The country exported around 141514 tons of aluminium in 2016. Tajikistan is estimated to export around 128911 tons of aluminium in 2017. In 2015, the total revenue from the...
The China aluminium market is fluctuating almost every day as the news of aluminium capacity cut in the country is slowly fading down. However, A00 Aluminium Ingot prices in China have registered a rise for two days consecutively after a fall. The average price of A00 Aluminium Ingot would range between RMB16,340 – 16,380/t and today’s average price stands at RMB 16,360/t, up from RMB 16,180/t yesterday. We can see the quick price fluctuation of A00 ingot prices in last one month in the below graph after a rapid jump in the middle of August. A00 Aluminium Ingot in spot China market is trading at discounts of RMB 140 - 100/t. Average prices for A00 ingot in the major Chinese markets for September 13 are given in the table below: Among the domestic markets, the average price for A00...
LME aluminium continues to move widely. The light metal which ended at US$2,100.50 per tonne on Monday, September 11, came down to US$2,083 per tonne on Tuesday, September 12. However, the uptrend in aluminium prices is not over yet. According to Reuters’ technical analysis, LME aluminium will rise and retrace to US$2,114 per tonne before testing a resistance at US$2,148 per tonne. Shanghai Metals Market observes that LME aluminium will not break through the resistance unless aluminium prices at Shanghai Futures Market register a significant rise. According to SMM forecast, LME aluminium will range at US$2,125-2,148 per tonne on Wednesday, September 13. As on September 12, LME official cash buyer aluminium price (Bid Price) stands at US$2,082.50 per tonne, cash seller & settlement...
Azerbaijan’s State Property Issues Committee and the Ministry of Economy prepared proposals for the improvement of Azeraluminium JSC. This was stated in a report on evaluation of the results of implementing the Strategic Road Map for the development of heavy industry and machinery in Azerbaijan. The prepared proposals also include the possibility of granting deferral for the company to pay its credit obligations, as well as exemption of alumina and anodal blocks’ import from value-added tax. “As of today, a draft Action Plan for development of the aluminum industry in Azerbaijan as well as a draft order of the Azerbaijani president on its approval are already ready,” said the report. At the same time, proposals were prepared to start building the second phase of the project to bring up...
The Aluminum Association and the Aluminium Association of Canada reported primary aluminium production at an annual rate of 3,960,203 tonnes in North America (U.S. and Canada) during August 2017. The rate reports an increase of 16,072 tpy (+0.4%) from the July 2017 rate of 3,944,131 tonnes. The production rate in the U.S. declined seven-tenths of one percent m/m, while the Canadian rate increased seven tenths of one percent. The actual North American production decreased 2.4 per cent from a year ago to 2,634,612 tonnes through the first eight months of 2017. Statistics Canada report that Canada’s Industrial Product Price Index (IPPI) declined 1.5 percent in July (111.8). The prices of alumina and aluminium production decreased 2.6 percent from June, but were up 9.7 percent over a year ago.
Seeking support from the rising aluminium contracts traded at Shanghai Futures Exchange (SHFE), aluminium prices at London Metal Exchange rose from its current lows of US$2,072 per tonne to US$2,100.50 per tonne on Monday, September 11. Reuters’ technical analysis suggests that LME aluminium will retrace US$2,103 per tonne on Tuesday; a break below the level may lead to a moderate loss. However, any loss would be limited to US$2,082 per tonne. According to Shanghai Metals Market forecast, LME aluminium will range at US$2,110-2,135 per tonne on Tuesday, September 12. As on September 11, LME official cash buyer aluminium price (Bid Price) stands at US$2,100 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,100.50 per tonne, 3M Bid Price is US$2,128 per tonne, 3M...
Aluminium Bahrain B.S.C. (Alba), the first aluminium smelter in the Gulf region, has been making steady progress with the execution of its flagship development, the Line 6 Expansion Project, according to a statement issued by the Chairman of the Alba Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa. The site preparation, earthworks and concrete (including precast) works continue to ramp-up with the overall project progress at 25% through the end of July (including 50% progress in engineering and 70% progress in procurement and contracts). In addition, the first structural steel is scheduled for erection in the new pot room in September 2017. Shaikh Daij added: “We are delighted to see that the Line 6 Expansion Project continues to progress on schedule as that will accelerate...
Yunnan province’s aluminium production data has been released by Yunnan Industry Information Commission. The province aluminium production stood at 108,600 tonnes in July. Yunnan produced 748,200 tonnes of aluminium during January-July. Yunnan has aluminium smelting capacity of about 1.7 million tonnes per year, according to consultancy CRU. Almost all of province’s capacity is held by provincial government-controlled Yunnan Aluminium. Recently, the province announced the commencement of safety inspections from September 11, on aluminium, iron and steel plants as part of a crackdown on outdated capacity. In other news from SMM, Shanxi Chalco Huarun Co., a coal-power-aluminium integrated company will start its aluminium project operations at the end of this month. Aluminium project has an...
In a sign of the prevailing bearishness, LME aluminium dropped marginally from its earlier close of US$2,075 per tonne on Thursday, September 7, to US$2072 per tonne on Friday, September 8. According to the Shanghai Metals Market forecast, the light metal contract will drop further into the range of US$2,080-2,105 per tonne today as the bearish trend is likely to continue over the short term. As on September 8, LME official cash buyer aluminium price (Bid Price) stands at US$2,071 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,072 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$2,217 per tonne, and Dec3 Offer Price is US$2,222 per tonne. LME aluminium Opening Stock stands at 1321500 tonnes, total Live...
On the back of tightness in the supply of calcined coke and rising prebaked anode price, Xinjiang Qiya Aluminum & Electricity Co. has announced building of a captive prebaked anode project to feed its own plant. The project involves an investment of 20 million yuan and would have an annual capacity of 200,000 tonnes. The company is also developing a residual heat recycling project, which could save 28,673.16 tonnes of raw coal annually. This is a significant development on the back of strict environmental scrutiny faced by petcoke producers in China. In another update from SMM, Shanxi Chalco Huarun Co., an integrated metal and mining company with coal, power and aluminium production; has announced that they would commission an aluminium project at the end of September. The project, which...
