South32 expects the sale of its aluminium value chain assets to Alcoa to be completed in the six months ending June 2027. The proposed transaction covers its aluminium operations and related bauxite and alumina assets in South Africa, Australia and Brazil. The sale follows a binding conditional agreement signed by the two companies, under which Alcoa agreed to acquire the assets for up to USD 5.6 billion . The assets include South32's Hillside Aluminium smelter and the idled Bayside smelter in South Africa, its interests in the Boddington bauxite mine and Worsley alumina refinery in Australia, and the Mineração Rio do Norte bauxite mine and Alumar alumina refinery and aluminium smelter in Brazil. Explore the production, demand and consumption forecasts of bauxite and alumina in our...
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...
Grow with
AL Circle
AlCircle is pleased to announce the launch of Chinese version of the portal today during Aluminium China 2017 exhibition at Shanghai New International Expo Centre . The inauguration will take place at Hall No W1 between 16:30 -17:00 . China is the largest aluminium producer and consumer contributing more than 50% of the entire global production and consumption. According to the recent statistics, China consumes about 32.5 million tonnes of aluminium every year. The colossal amount of China’s production and consumption directs the movements in the international aluminium market. China also drives the global bauxite and alumina market with its increasing demand for both the materials. Hence, the significance of the Chinese market for the entire aluminium value chain. One of the crucial...
Aluminium Bahrain B.S.C. (Alba) has announced through a press release that they have completed the recovery of Reduction Line 5 pots which had been out of operation following the power outage incident in April 2017. Alba faced a temporary loss of power in all 5 Reduction Lines for approximately 3 hours. The company subsequently restored power operations and repaired Reduction Lines 1-4. Repair work in Line 5 was expected to return to operation by early Q3 2017. Alba organized a celebration on Monday July 17, 2017 at the Alba Oasis Hall to recognize the success of the Line 5 recovery team. The Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa, Chief Executive Officer Tim Murray and the Executive Management Team were present there to cheer the team....
The Aluminum Association, in cooperation with the Aluminium Association of Canada, reported that the annual rate of primary aluminium production in North America (U.S. and Canada) was at 3,928,033 tonnes during June 2017, which is down 0.6% from the May 2017 rate of 3,950,536 tonnes. The individual production rate in the U.S. and Canada dropped very insignificantly. Compared to a year ago, the North American annual rate was eight-tenths of one % below the June 2016 rate of 3,957,851 tonnes. Actual production through the first half of 2017 stood at 1,963,285 tonnes, down 3.3 % from the same period of 2017. Aluminium imports of ingot, scrap and mill products into the U.S. and Canada (excluding cross-border trade) stood at 947 million pounds in May 2017. This records a 50.1 % growth over the...
Rio Tinto has released the production results of alumina and aluminium for the second quarter of 2017. The company’s alumina and aluminium production for the second quarter of 2017 was lower than the corresponding quarter of 2016. Rio Tinto produced 888,000 tonnes of aluminium in the second quarter of this year. The quarterly aluminium production was one per cent lower than the second quarter of 2016. In the first half of 2017, the company produced 1.77 million tonnes of aluminium. “Strong production was achieved across most smelters, offset by the production curtailment at the Boyne Island smelter in Australia due to high power prices in Queensland in the first half of 2017,” according to the media release. Quarterly alumina production was two per cent lower than the second quarter of...
Sohar Aluminium, the organizers of the 21st Arab International Aluminium Conference & Exhibition (ARABAL), have announced the official website www.arabal.com and portal for early bird registration is now live. The website of the Middle East’s premium event for the aluminium industry allows prospective participants and delegates the opportunity to view details of speakers, insights into the program, venue, as well as exhibitors and partners. Sohar Aluminium will host ARABAL 2017 in Oman from November 6th – 9th under the theme ‘Driving Strategic Growth Across the Global Aluminium Industry’. This year’s edition is expected to attract over 500 delegates and exhibitors from all over the GCC, Arab countries and around the globe, with discounted early bird registration now available until August...
LME aluminium has reversed its uptrend this week. The light metal traded globally dropped to US$1,901 per tonne after night trading on Monday, July 17, down from US$1,904 per tonne last Friday, July 14. High inventories in LME registered warehouses and slack demand in the international markets are putting a downward pressure on aluminium prices. Reuters’ technical analysis suggests that LME aluminium may retest a support at US$1,895 per tonne, a break below which could cause a further loss to around US$1,881.50 per tonne in the near term. On the upper side, the lightmetal contract faces a resistance at US$1,917 per tonne, a break above which can lead to a gain to US$1,928 per tonne on Tuesday, July 18. According to Shanghai Metals Market projections, LME aluminium will stay volatile and...
The reopening of aluminium-smelting operation at the closed smelter of Noranda was the first topic of discussion in the first special session of the Missouri Gov. Eric Greitens in May. The smelter had been southeast Missouri’s largest employer. However, after that, there’s been no communication between smelting-plant officials and the state agency tasked with approving lower utility rates for such closed projects. Leaders in the area are now pinning their job-creation hopes on a new steel mill that could employ up to 200 people. McGill is concerned about the ripple effect of job loss more than a year ago, when the Noranda aluminium smelter closed down. “We know that, without these jobs, that economic impact is going to continue to worsen,” he said of the possible steel plant. Meanwhile,...
Having created a niche of its own as a one of a kind Information and business portal for the complete global value-chain of Aluminium; AlCircle is now poised to launch its Chinese version during Aluminium China 2017 exhibition at Shanghai New International Expo Centre . The inauguration will take place at Hall No W1 on July 19 between 16:30 -17:00. China is the largest aluminium producer and consumer contributing more than 50% of the entire global production and consumption. According to the recent statistics, China consumes about 32.5 million tonnes of aluminium every year. The colossal amount of China’s production and consumption directs the movements in the international aluminium market. China also drives the global bauxite and alumina market with its increasing demand for both the...
LME aluminium after registering the biggest one-day increase in last three months dropped 0.36 per cent on Friday, July 14. The light metal closed at US$1,904 per tonne on the last trading day of the week, down from US$1,911 per tonne on Thursday, July 13. The market continued to digest the news on output cut in China domestic market thereby leading to the aluminium price drop. Shanghai Metals Market thinks that opening of new capacity and restarting of old capacity, combined with weakening consumption, will further cap the gains in aluminium price. As per Reuters’ technical analysis, LME aluminium may break a major resistance at US$1,939 per tonne and advance further to US$1,953-1,962 range. The lower support, on the other hand, is at US$1,917; a break below this level could cause a loss...
Aluminium Bahrain (Alba), one of the largest aluminium smelters in the world, announced the promotion of Faeq Abdulrahim for the position of manager for strategic supply and planning. Alba’s chief executive officer Tim Murray, said: “Alba takes great pride in promoting talented Bahraini professionals to decision-making roles. Faeq has excellent skills in procurement and contract management and has been delivering exceptional results. “I am confident that he will play a key role in Alba’s global strategic expansion initiatives and build strong relationships with our growing supplier base.” He joined the company in July 2011 as a Business Unit Controller with the Financial Accounting and Controlling Department. Faeq Abdulrahim was appointed as Head of Supply of Major Raw Materials in June...
Vedanta Ltd plans to increase its volumes by 50% across all business operations over the next two-three years as a part of its capital expenditure (capex) plans. Chairman Navin Agarwal said this during the annual general meeting (AGM) on Friday. This was the first AGM convened by Vedanta after its merger with Cairn India in April. "We cannot give you an exact capex figure but in the next two-three years, you will see the company grow 50 per cent larger than what it is now in terms of its volumes across all businesses," said the Chairman. According to the company CFO, the major capital investments will be in zinc, oil and gas and aluminium businesses. The management further added that Vedanta expects to continue rewarding its shareholders with support from a strong balance sheet and...
.jpeg)
The average prices for A00 Aluminium Ingot for all major Chinese markets (North, South, North-East and South-West) have registered another significant leap on July 14. The average prices for A00 ingot have registered close to 1% growth around all major markets today. On July 14 2017, among the domestic markets, the average price for A00 Aluminium Ingot for North China market has increased to RMB 14,160/t . The price in East China market (Zhejiang) jumped to RMB 14,190/t on July 14 and for Jiangsu province it increased to RMB 14,160/t . For the Southwest China market, the price increased to RMB 14,155/t on July 14. A00 ingot prices have crossed the 14,000 mark in all the major markets and are maintaining the same. A00 Aluminium Ingot in spot China market is trading at discounts of RMB 70 -...
China is literally in the driver’s seat when it comes to aluminium. The giant accounting for the more than 50 per cent of the world’s total production is controlling the dynamics of the entire aluminium market, to say the least. This was once again proven correct when yesterday the lightmetal traded on London Metal Exchange rose nearly 2 per cent- the biggest one-day increase in last three months, as the news of China curbing aluminium smelter capacity sparked a midday rally. LME aluminium hit a peak of US$1,943 per tonne. After night trading on Thursday, July 13, LME aluminium settled at US$1,911 per tonne, still 1.8 per cent up from its previous day’s close of US$1,877 per tonne. According to Reuters’ technical analysis, LME aluminium looks neutral in a range of US$1,917-$1,939 per...
If reports are to be believed, China’s Shandong will cut the production of aluminium by over 2 million tonnes. According to the latest news published by Shanghai Metals Market (SMM), China’s aluminium giant Shandong Weiqiao is expected to slash its aluminium production by 1.4 million tonnes. Xinfa Group is estimated to cut 600,000 tonnes of aluminium. SMM cautions investors to refrain from overt optimism following the news of the production cut. It is projected that there will be more than 3 million tonnes per annum of legal aluminium capacity under construction during 2017-2018. Aluminium capacity of about one million tonnes per annum will come online in the second half of this year. Recently, Shandong Weiqiao Group announced that it will cut aluminium capacity by 250,000 tonnes. This...
The prices of aluminium futures in Indian market rose 0.62 per cent today, further up from yesterday’s 0.29 per cent rise, to stand at INR 121.95 per Kg. Speculators were found engaging themselves in enlarging positions and taking positive cues from the aluminium spot market as demand improved. At Mumbai’s Multi Commodity Exchange, aluminium for July delivery was up by 0.62 per cent at INR 121.95 per Kg in a total business turnover of 1092 lots. Prices of aluminium contracts for August delivery also edged higher simultaneously by a similar margin to stand at INR 122.60 per Kg in a total business turnover of 120 lots. Shedding light on the reasons driving aluminium price rise in Indian futures market, analysts said expanding of business positions by the market participants following spike...
.jpeg)
The average prices for A00 Aluminium Ingot for all major Chinese markets (North, South, North-East and South-West) have registered a rise for two consecutive days. The average prices for A00 ingot have registered a price growth of 0.40% to 0.65 % today. On July 13 2017, among the domestic markets, the average price for A00 Aluminium Ingot for North China market has increased to RMB 14,040/t . The price in East China market (Zhejiang) jumped to RMB 14,060/t on July 13 and for Jiangsu province it increased to RMB 14,050/t . For the Northeast China market, the price increased to RMB 14,000/t and for the Southwest China market, the price increased to RMB 14,020/t on July 13. For the first time in last three months, average prices of A00 ingot have crossed the 14,000 mark in all the major...
Russia’s UC Rusal has resumed construction at its long-stalled Taishet aluminium smelter project site in Siberia. The second largest aluminium producer of the world after China Hongqiao expects the global aluminium deficit to widen in the range of 1.7-1.8 million tonnes in 2018 from the current 1.3 million (+500,000 tonnes). Taishet aluminium smelter, on completion, would help to address this deficit to a large extent, Rusal Deputy Chief Executive Oleg Mukhamedshin believes. The global aluminium price is estimated to stabilise around US$1,900 per tonne in 2017, Mukhamedshin added. Rusal had invested US$800 million in Taishet smelter project before it was stalled years ago. In current scenario, the company needs a further US$700 million to complete the project, expectedly by 2020. It is in...
Rising global inventory and weakening demand in the foreign market seems to have weighed too heavily on LME aluminium. The light metal contract upon failing to draw support from a weak dollar bent under the pressure and settled at US$1,877 per tonne on Wednesday, July 12, down 0.1 per cent from its previous day’s close of US$1,879 per tonne. According to Reuters’ technical analysis, LME aluminium has broken below a key support at US$1,891; hence, the downtrend. It is now likely to test a resistance at US$1,912 per tonne, a break above which can lead to a gain to the next resistance at US$1,926. Shanghai Metals Market predicts that LME aluminium may fell below the 20-day moving average and keep trading at US$1,880-1,900 per tonne on Thursday, July 13. As on July 12, LME official cash buyer...
