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...
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Alcoa Corporation announced that it has proposed to restart three of five potlines, which were closed in March of 2016, at its Warrick Operations aluminium smelter near Evansville, Indiana. The company said that it would improve the competitiveness of the on-site rolling mill. The process is expected to be completed in the second quarter of 2018. The three potlines will have an annual capacity of 161,400 tons. Tim Reyes, President of Alcoa’s aluminium business unit said, “By restarting a portion of the Warrick smelter, we will provide an efficient source of metal for the co-located rolling mill and help it meet an anticipated increase in production volumes.” I The three potlines will further supply to the company’s rolling mill. The Warrick rolling mill produces flat-rolled aluminium for...
LME aluminium failed to hold highs and dropped below US$1,900 even though the dollar index, which measures the U.S. dollar against a basket of six major currencies, moved lower at 95.660. The light metal contract closed at US$1,879 per tonne after night trading on Tuesday, July 11, down 1.8 per cent from its previous close of US$1,914 per tonne on Monday, July 10. Shanghai Metals Market observes that LME aluminium will trade in the range of US$1,885-1,905 per tonne on Wednesday, July 12. As on July 7, LME official cash buyer aluminium price stands at US$1,978 per tonne, cash seller & settlement aluminium price is US$1,879 per tonne, 3M buyer price is US$1,891 per tonne, 3M seller price is US$1,891.50 per tonne, Dec1 buyer price is US$1,923 per tonne, and Dec1 seller price is US$1,928 per...
Aluminium Bahrain B.S.C. (Alba) closed the first half of 2017 with a production volume of 453,395, down 4.5% YoY. The drop was mainly driven by the production loss in reduction line 5 due to power outage, the recovery process of which is still underway. The total sales volume stood at 453,089 tonnes, which was down by 3.9% YoY. Sales and Production volumes for Q2 2017 topped 210,157 metric tonnes and 204,617 metric tonnes respectively. Alba’s Value-Added Sales was 61% of total shipments in Q2 2017 in comparison to 55% for the same period in 2016. For the first half of 2017, the share of Value-Added Sales stood at 58% compared to 54% in H1 2016. Commenting on Alba production results for H1 2017, Alba’s Executive Officer, Tim Murray said: “We are pleased with the pace of Line 5 recovery...
According to reports, National Aluminium Company Limited (NALCO) today witnessed a major fire break- out at its Captive Power Plant (CPP) in Angul, Odisha. The incident caused severe damage to the transformer of the CPP. The fire incident that happened at around 2 pm destroyed the generator transformer completely. The generator transformer was priced at around INR 15 crore, the report stated. It is assumed that the transformer caught fire because of excess heating or any other technical fault though the actual reason behind the incident is not known as of now. Nalco’s own teams of fire tenders under fire fighting service controlled the situation at the captive power plant. Nalco's executive director (Smelter & Power) said, "There is no cause for panic. As the generator transformer was old...
According to the latest figures showed by the Iranian Mines and Mining Industries Development and Renovation Organization, Iranian mining companies produced 84.89 million tons of mineral products during the first quarter of the current fiscal year (March 21-June 21). The companies registered a 9.49 per cent increase year-on-year. Iran’s three major aluminium manufacturers produced 82,605 tons of aluminium ingots during the first quarter of the current fiscal year, registering a 5.51 per cent decline year-on-year. Iran Aluminum Company, the first producer of aluminium in the country, produced 41,720 tons of aluminium in the first quarter. The company also produced 61,166 tons of alumina powder, up 3.97 per cent year-on-year. Hormozal Aluminum Company produced 26,064 tons of aluminium...
The G20 Summit which was held on 7-8 July 2017, at Haburg Messe, Germany, saw leaders from each country agreeing on the need to remove market-distorting factors and work together to address the global excess of aluminium capacity but no concrete solution could be reached in this regard. It is indeed critical that governments recognise, negotiate and look for solutions together. Nevertheless, we regret that the Summit failed to specifically address the problem of global excess capacity in the aluminium industry”, said Gerd Götz, Director General of European Aluminium. Götz acknowledged the fact that creation of a Global Forum on aluminium excess capacity was necessary in order to foster a level playing field for all aluminium producing countries of the world. A platform like that would...
The price rally in LME aluminium came to a halt as the light metal surrendered all its July gains and closed at US$1,914 per tonne on Monday, July 10. The drop by 0.31 per cent from its previous close of US$1,920 per tonne on Friday, July 7, is indicative of the fact that LME aluminium is nearing a correction. According to Shanghai Metals Market projections, the contract will range at US$1,888-1,911 per tonne on Tuesday, July 11. Reuters’ technical analysis suggests that LME aluminium may test a support at US$1,891 per tonne, a break below which could take the metal down to the next support at US$1,877. As on July 7, LME official cash buyer aluminium price stands at US$1,913.50 per tonne, cash seller & settlement aluminium price is US$1,914 per tonne, 3M buyer price is US$1,922.50 per...
The global aluminium metals market which was valued at USD 1, 12,487.9 million in 2015 is projected to be valued at USD 1, 60,696.1 million by 2022. The market will grow at CAGR of 5.3 per cent from 2016 to 2022, according to the report on Global Aluminium Metals Market of Market Research Future. The major participants of global aluminium metals market are: RUSAL, Aluminium Corporation of China Ltd., Rio Tinto Alcan Inc., Norsk Hydro ASA, Alcoa, Inc., China Hongqiao Group Limited and Emirates Global Aluminium PJSC. The primary aluminium accounts for largest market share. Aluminium is used in various industries such as, automotive, construction, electrical and packaging among others. These industries are projected to grow because of increase in consumption rate and growing population....
Lam Dong Aluminium-Bauxite Complex project is hoping to churn out earnings up to VND1.2 trillion (US$52.6 million) per year after three consecutive years of losses. The Complex has already started seeing their earnings. It was forecasted that the project would incur losses for the first five years of operation, but the complex has seen profits right from the fourth year, Deputy Minister of Industry and Trade Do Thang Hai stated during his visit to the project. In March this year, Aluminium-Bauxite Complex incurred a loss of nearly VND3.7 trillion after three years of operation. Business and production loss totalled VND2.5 trillion and exchange rate discrepancies caused losses of VND1.17 trillion. Aluminium-Bauxite Complex project has a combined investment of VND15.4 trillion, according to...
Despite the entire buzz around China’s so called capacity cut in the alumina aluminium sector, China’s aluminium output has been growing consistently since the beginning of 2017. As reported by Shanghai Metal Market, aluminium output in China was 3.09 million tonnes in June, up 20.2% YoY, with a daily output of about 103,000 tonnes. The YTD output through June amounted to 18.296 million tonnes, up 21.7% YoY. In June 2017, China’s operational aluminium capacities stood at 37.61 million tonnes, up 6.33 million tonnes YoY. SMM predicts China’s aluminum output to reach 3.19 million tonnes in July registering an increase month-on-month, but the growth is estimated to slow down to 19.3% on a year on year comparison. As for aluminium capacity cuts in China are concerned, Shandong, Xinjiang and...
The prices for A00 Aluminium Ingot for all provinces in the China markets (North, South, East, North-East and South-West) have registered a rise on July10 2017. The market is expecting a drop in aluminium output in China in July, as the major aluminium players are announcing output cuts. As predicted by SMM, China’s aluminium output would reach 3.19 million tonnes in July from 3.09 million tonnes in June, but the YoY growth is estimated to slow down to 19.3%. As seen from the figure, on July 10 2017, the average prices for A00 Aluminium Ingot for North China market have increased from RMB 13,920/ t on June 7 to RMB 13,950/t . A00 Aluminium Ingot at South China market jumped from RMB 13,995 /t to RMB 14,025/t on July 10. The South China market has crossed the RMB 14,000/t mark and the...
The prime Minister of Australia Malcom Turnbull and Finance Minister Mathias Cormann succeeded in lobbying US President Donald Trump and other officials on the sidelines of the recently ended G20 Hamburg Summit and won import tariff exemption for Australian aluminium (and steel), reported Australian Financial Review. Turnbull and Cormann made a strong case in this regard in multiple meetings held parallel to the main Summit. The credit for the initial legwork, however, goes to Australia’s Trade Minister Steven Ciobo, BlueScope Steel and Rio Tinto. The duo discussed with President Trump and his officials on how overproduction of aluminium by China and dumping of the same in the world market was adding to the global glut scenario. They also convinced him that “Australia was a strong ally of...
Aluminium Bahrain B.S.C. (Alba), home-base of the Line 6 Expansion Project, is pleased to announce that it has successfully closed the first tranche of c. US$ 700 million from Export Credit Agency (ECA) covered facilities to finance the Company’s Power Station 5 and Power Distribution System. The facilities are made-up of: US$ 310.4 million SERV Guaranteed Export Credit with an interest margin of 90 basis point per annum over the London Interbank Offered Rate (LIBOR), EUR 314.3 million SERV Guaranteed Export Credit with an interest margin of 65 basis point per annum over the Euro Interbank Offered Rate (EURIBOR) – the SERV-covered facilities have 15-year tenor wherein the principal amount is to be repaid over 12-year period, and EUR 50 million Euler Hermes Guaranteed Export Credit with an...
The uptrend in LME aluminium met with a drop last week as the metal closed at US$1,920 per tonne on Friday, July 7, down 0.28 per cent from its previous close of US$1,925.50 per tonne on Thursday, July 6. US dollar index though posted weekly gains, remains under pressure. So, Shanghai Metals Market thinks that LME aluminium will draw support from it and hover at highs of US$1,920-1,940 per tonne on Monday, July 10. As on July 7, LME official cash buyer aluminium price stands at US$1,919 per tonne, cash seller & settlement aluminium price is US$1,920 per tonne, 3M buyer price is US$1,931 per tonne, 3M seller price is US$1,932 per tonne, Dec1 buyer price is US$1,965 per tonne, and Dec1 seller price is US$1,970 per tonne. The current LME official Opening Stock of aluminium is estimated at...
July has seen LME aluminium prices rising above US$1,900 per tonne breaking the downtrend that was conspicuous in May. But, the one-week journey from US$1,908 per tonne to US$1,925.50 per tonne was not free of jitters. The light metal contract touched an intra-week low of US$1,903 per tonne on July 4 and again rebounded to around US$1,915 per tonne. The climax was reached on Thursday, July 6, when LME aluminium shot up to US$1,948 per tonne- the highest since May 30. The price surge was nothing but a pent-up reaction burst to the news of aluminium capacity cuts in the top producing country China. However, the uptrend lost the momentum soon. LME aluminium dipped during early Asian trading hours on Friday, July 7, hit by profit taking and by signs that supply is still robust elsewhere....
Due to the major expansion of existing smelters and commissioning of new projects that primary aluminium production is increasing at a faster rate in the GCC countries. Qatar, a peninsular Arab country whose terrain comprises arid desert and a long Persian (Arab) Gulf shoreline of beaches and dunes is growing its aluminium capacity to be a net exporter of aluminium and aluminium products. Qatalum or Qatar Aluminium is the sole aluminium producer in the country that exports its aluminium products globally. Qatalum is a JV between Qatar Petroleum and Hydro Aluminium of Norway and produces about 640,000 tons of high-quality aluminium products per annum. As shown by our data, in the year 2015, the total aluminium export by Qatar was 530,822 tons. In 2016, the estimated export jumped to...
Rio Tinto Aluminium has selected the ECA Group to develop unmanned logistic vehicles for heavy load transportation inside the aluminium smelter. Unmanned logistic vehicles will be mainly used for the transportation of anodes. The ECA Group is a renowned for its expertise in robotics, automated systems, simulation and industrial process worldwide. The company will develop the heavy load autonomous vehicle called MAX 2.0. In addition to this, the company will also develop the supervision software which will manage the fleet of autonomous vehicles inside each smelter. Rio Tinto Aluminium (RTA) is expected to improve its aluminium production process by increasing productivity. This would also reduce support costs and carbon footprint of the manufacturing process. The first unmanned vehicle...
LME aluminium surged 1.6 per cent on Thursday, July 6, to climb to more than five-week highs at US$1,944 per tonne- the highest since May 30, as worries about supply from the top producer China escalated. The light metal later retreated to US$1,925.50 per tonne, still up by 0.65 per cent from its previous close of US$1,913 per tonne on Wednesday, July 5. The confidence was back in the market after investors started refocussing on robust metal supply elsewhere. "We are concerned that the buy-side may be too optimistic on the prospects for aluminium and alumina markets to tighten from winter-output restrictions in China from the fourth quarter," noted UBS. "We think the shuts will be enforced but there is capacity elsewhere & inventory to buffer the impact," it said. Technical suggest that...
