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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According to a document recently issued by the provincial government, Henan, one of the five major aluminium producing regions in China, will cut down its aluminium capacity that has been out of operations for more than one year before the end of 2018. The province will be reducing a total aluminium capacity of more than 500,000 tonnes at three aluminium smelters. The electrolytic cells and transformers will be dismantled before the end of 2018, reported by an SMM. The aluminium production in the province is estimated to be within 3 million tonnes in 2017. Henan produced 2.78 million tonnes of aluminium in 2016. The province is exempted from the inspection of coal-fired captive power plants at aluminium smelters by the Chinese Authorities. Liu Libin, Vice General of Henan Nonferrous...
The International Fair Trade Alliance (IFTA) announced today July 6 that it opposes tariffs or other restrictions on the import of primary aluminium into the United States. Instead, IFTA calls on the U.S. Administration to curb directly illegal imports of Chinese semi-fabricated aluminium products. The United States Department of Commerce is currently conducting a Section 232 Investigation into whether aluminium imports affect U.S. national security. IFTA is a non-profit organization that brings together aluminium extrusion manufacturers and suppliers from across the globe to promote free and fair trade. IFTA believes that restrictions on the import of primary aluminium would only bolster China’s determination to export illegally subsidized and unfairly traded semi-fabricated aluminium...
Aluminium Bahrain B.S.C (Alba)’s Chief Executive Officer, Tim Murray paid an inspection visit to one of the Bahraini major equipment contracting companies for Line 6 Expansion Project - Ahmed Mansoor Al Aali (AMA Group) on Tuesday, 04 July 2017. AMA Group is manufacturing 427 pot shells (each weighing 44 metric tonnes) for Alba’s Line 6 Expansion Project, the first of which will be delivered to the Alba site starting 1st October 2017. In addition, AMA Group along with its partner ALUCOR Ltd. (Dubai) are fabricating 424 ring bus bars (each weighing 47 metric tonnes) the first of which will be delivered to the Alba site by 15 October 2017. These major smelter components are some of the largest ever manufactured in the aluminium smelting industry in the world. Speaking about this visit,...
China Aluminum International Trading Co. (Chalco Trading) has hiked aluminium prices it offered in major markets for two consecutive days. A00 Aluminium ingot is on a bullish trend in the Chinese markets. Unit: yuan/tonne The prices for A00 Aluminium Ingot for three major markets in China (North, North-East and South-West) have registered a rise on July 6. On July 6 2017, the average prices for A00 Aluminium Ingot for North China market have increased from RMB 13,950/ t on July 5 to RMB 13,960/t . For the Northeast China market, the price increased from RMB 13,900 /t to RMB 13,930/t today. For the Southwest China market, the price increased from RMB 13,940/t to RMB 13,960/t . For the East and South China market the average price of A00 ingot has dropped marginally. A00 Aluminium Ingot in...
LME aluminium seems to have lost its bullish momentum after facing a strong barrier at US$1,933 per tonne. The light metal contract though settled higher at US$1,913 per tonne on Wednesday, July 6, up from its previous close of US$1,903.50 per tonne on Tuesday, July 5, is expected to retest a support at US$1,918 per tonne. Reuters’ technical analysis says- if LME aluminium breaks below this support, it could cause a loss to the next support at US$1,903 per tonne. Shanghai Metals Market forecasts that LME aluminium will range at US$1,915-1,935 per tonne on Thursday, July 6. As on July 5, LME official cash buyer aluminium price stands at US$1,912.50 per tonne, cash seller & settlement aluminium price is US$1,913 per tonne, 3M buyer price is US$1,918 per tonne, 3M seller price is US$1,919...
According to the latest figures from industry association Abal, Brazil witnessed an increase in the production of primary aluminium in May. May was the 13th consecutive month that has registered an increase in aluminium production. The country produced 68,300 tonnes of aluminium in May, up 1.6 per cent year-on-year Brazil's primary aluminium production reached 331,900 tonnes during January-May, up 2.6 per cent year-on-year. The country’s primary aluminium production reached 792,700 tonnes in 2016. The aluminium production grew 2.7 per cent year-on-year in 2016. The Brazilian Aluminum Association (Abal) estimated the country’s aluminium production to stand at around 800, 000 tonnes in 2017. Abal is comprised of companies that represent 100 per cent of primary aluminium producers in Brazil.
China’s primary aluminium production increased year-on-year in June. The country’s aluminium capacity in operation also climbed last month, cited by Shanghai Metals Market. China produced 3.09 million tonnes of aluminium in June this year, up 20.2 per cent year-on-year. The country’s production increased 21.7 per cent year-on-year to 18.3 million tonnes in the first half of 2017. Aluminium capacity in operation totalled 37.61 million tonnes year-on-year-basis in June. The capacity increased 6.33 million tonnes from a year ago. According to data released by China’s National Bureau of Statistics (NBS), China’s primary aluminium production increased 4.2 per cent year-on-year to 2.83 million tonnes in May, totalling 13.86 million tonnes during January-May.
LME aluminium after staging a reversal last Friday, June 30, has been rising at a fairly steady pace, but the uptrend was interrupted by the metal’s drop. After failing to break a resistance at US$1,933 per tonne LME aluminium tested a support at US$1,908 per tonne and bounced back to US$1,903.50 per tonne on Tuesday, July 4, down 0.73 per cent from its previous close of US$1,917.50 per tonne. Shanghai Metals Market forecasts that LME aluminium will challenge US$1,930 per tonne and range at US$1,915-1,935 per tonne on Wednesday, July 5. As on July 4, LME official cash buyer aluminium price stands at US$1,903 per tonne, cash seller & settlement aluminium price is US$1,903.50 per tonne, 3M buyer price is US$1,913 per tonne, 3M seller price is US$1,913.50 per tonne, Dec1 buyer price is...
Henan, one of the five major aluminium producing regions in China, is exempted from the inspection of coal-fired captive power plants at aluminium smelters by the Chinese Authorities, reported by an SMM. Liu Libin, Vice General of Henan Nonferrous Metals Association said that all operating aluminium capacities in the province are in compliance with national standards, hence, Henan is excluded from the list of provinces that are to be scanned. The Chinese Authorities are set to inspect Coal-fired captive power plants at aluminium smelters in six major aluminium producing provinces in China, according to a notice issued by the National Development & Reform Commission (NDRC) and National Energy Administration (NEA). The six aluminium producing provinces include Xinjiang, Inner Mongolia,...
India’s leading diversified natural resources company Vedanta Limited has been featured among the top 100 companies in the Asia300 list released by Nikkei Asian Review. Vedanta Limited is the only company in the natural resources sector to be selected among the top 100. Mr. Tom Albanese, CEO of Vedanta Limited said, “It gives us immense pride to represent India’s natural resources sector in Nikkei Asia300 list. Vedanta’s diversified portfolio of low cost and tier-1 assets is at the core of its strong financial performance. “I am confident that as we continue to deliver a robust business performance and generate superior returns for all our stake holders, we will be strongly positioned amongst the most prominent companies in the world.” Nikkei Asian Review selects the list based on growth,...
LME aluminium after staging a reversal last Friday, June 30, is rising at a moderate pace. The lightmetal contract closed at US$1,917.50 per tonne after night trading on Monday, July 3, up from US$1,908.50 on June 30. Shanghai Metals Market forecasts that LME aluminium will challenge US$1,930 per tonne and range at US$1,920-1,940 per tonne on Tuesday, July 4. As on July 3, LME official cash buyer aluminium price stands at US$1,917 per tonne, cash seller & settlement aluminium price is US$1,917.50 per tonne, 3M buyer price is US$1,921 per tonne, 3M seller price is US$1,922 per tonne, Dec1 buyer price is US$1,955 per tonne, and Dec1 seller price is US$1,960 per tonne. The current LME official Opening Stock of aluminium is estimated at 1409775 tonnes, total Live Warrant is 1068725 tonnes,...
The U.S. primary aluminium industry which was once buzzing with 30 aluminium smelters in the country by aluminium majors like Alcoa and Century is now operating just just five smelters with curtailed capacity with uncertain future. Aluminium producers like Alcoa and Century Aluminum which have closed smelters in the U.S. have their smelters running in Iceland, mostly because of the cheaper hydroelectricity in the country. This tiny Iceland country which was once known only for its huge fish production and export is on the way to produce more aluminium in 2017 than the United States in the same way like two other countries with hydropower, Canada and Norway. This is the ideal example of globalization where Iceland gets jobs, Alcoa gets higher profits and buyers in the United States get...
The global aluminium market which was valued at $133,564 million in 2015 is forecasted to be valued at $167,277 million by 2022. The market will grow at CAGR of 3.3 per cent from 2016 to 2022, according to newly published report by Allied Market Research. In 2015, the transport sector was dominated the market in terms of revenue with more than one-fourth share. The segment is projected to grow further, with an anticipated CAGR of 3.6 percent. This sector is driving the growth of aluminium market worldwide followed by other end user sectors such as foil & packaging. The automotive manufacturers in North America planned to increase aluminium usage in light trucks and cars by over 40 per cent by 2025. Asia-Pacific will lead the market during the forecast period. Asia-Pacific is followed by...
The Bahrain-based international aluminium smelter Aluminium Bahrain (Alba) yesterday said that the first concrete for the foundation of Potline 6 was ‘successfully’ achieved in May this year with the commencement of early works in the construction site. Alba’s Chairman of Board of Directors Shaikh Daij Bin Salman Bin Daij Al Khalifa said: “We are very pleased with the fast-track approach adopted by our team towards our landmark project.” “We also remain optimistic that by reducing the lead time activities, we will be able to get Line 6 Expansion Project off to a successful start as per schedule and have the First Hot Metal by January 2019.” The Potline 6 has two pot rooms E&F wherein each pot room is approximately 1.4 km in long. The two pot rooms are considered the longest buildings on...
The prices for A00 Aluminium Ingot for all provinces in the China markets (North, South, North-East and South-West) have registered a rise on July 3 after a drop on June 30 2017. On July 3 2017, among the domestic markets, the average prices for A00 Aluminium Ingot for North China market have increased from RMB 13,700/ t on June 30 to RMB 13,850/t . A00 Aluminium Ingot at South China market jumped from RMB 13,780 /t on June 30 to RMB 13,945/t on July 3. The price in East China market (Zhejiang) jumped from RMB 13,680 /t on June 30 to RMB 13,850/t on July 3 and for Jiangsu province it increased from RMB 13,670 /t to RMB 13,845/t . For the Northeast China market, the price increased from RMB 13,700 /t on June 30 to RMB 13,810/t today. For the Southwest China market, the price increased from...
LME aluminium after trending down for almost a month now edged higher above the US$1,900 per tonne level and closed at US$1,908 per tonne after night trading on Friday, June 30. Though the light metal is still 1.13 per cent down from its beginning-of-month price (US$1,900 per tonne) it has risen from the month-low of US$1,855 per tonne by 2.58 per cent. Despite the gain, market analysts do not seem to be much optimistic about the metal’s medium term outlook. Shanghai Metals Market thinks that LME aluminium will “run out of steam” and range at US$ 1,910-1,930 per tonne on Monday, July 3. The contract is likely to meet strong resistance at the 60-day moving average, SMM forecasts. As on June 30, LME official cash buyer aluminium price stands at US$1,908 per tonne, cash seller & settlement...
G20 leaders are going to meet in Germany next week to discuss many important topics for the global agenda related to trade policies and investments. The aluminium industry in the U.S. Canada and Europe has urged the G20 to address the issue of Chinese overcapacity, which is causing disruption in the global aluminium industry and is distorting international trade flows. Gerd Götz, Director General of European Aluminium said that the G7 took the right step by pushing for the removal of all trade-distorting practices and calling for a truly level playing field. “But the G20 must go further. It must take action. If it does not, it will give a signal that distortive state intervention is not only possible but accepted, despite WTO rules”, Mr Götz added. European Aluminium is lobbying for the...
China aluminium market, and to some extent, regional markets outside China heavily dependent on the country for aluminium imports have been worrying over aluminium output cut planned for the winter heating season this year. Shanghai Metals Market observes that such concerns are somewhat overdone. In June 2017, Bank of America Merrill Lynch’s (BofAML’s) Global Commodity Research team said that China needs to curtail its aluminium capacity in order to rebalance the global market. “If the country's smelters increased production as planned, the global market would be oversupplied to the tune of almost five-million tonnes a year between 2018 to 2020,” it added. China realizing the need of the hour ordered aluminium producers to curtail their production capacity across 28 cities during winter...
