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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LME aluminium is showing mild uptrend. The light metal upon failing to break a support zone of US$1,862.50-US$1,871 per tonne, closed at US$1,872 per tonne on Thursday, June 22, marginally up by 0.34 per cent from its previous close of US$1,865.50 per tonne. Reuters’ technical analysis suggests that LME aluminium may again test a support at US$1,862.50 per tonne. If it succeeds to hold ground at the current level, the rebound will be extended to US$1,885 per tonne. According to Shanghai Metals Market forecast, aluminium prices on the global bourse will range at US$1,860-US$1,880 per tonne on Friday, June 23. As on June 22, LME official cash buyer aluminium price stands at US$1,871.50 per tonne, cash seller & settlement aluminium price is US$1,872 per tonne, 3M buyer price is US$1,877 per...
The prices for A00 Aluminium Ingot for all provinces in the China markets (North, South, North-East and South-West) have plunged continuously in last two days after the last gain on June 21 2017. Currently, among the domestic markets, the prices for A00 Aluminium Ingot for North China market have plunged from RMB 13,740/t on June 22 2017 to RMB 13,690/t on June 23 2017. A00 Aluminium Ingot at South China market plunged from RMB 13,815/t on June 22 to RMB 13,760/t on June 23. The price in East China market (Zhejiang) dropped from RMB 13,700/t on June 22 to RMB 13,650/t on June 23 and for Jiangsu province it dropped from RMB 13,695/t to RMB 13,640/t . For the Northeast China market, the price dropped from RMB 13,705/t on June 22 to RMB 13,650/t today. For the Southwest China market, the...
US Department of Commerce held a public hearing on June 22 on the Section 232 Investigation into the impact of aluminium imports on US national security. The aluminium industry from Europe, USA and Canada has come together to testify at the Section 232 hearing. Aluminum Association President Heidi Brock testified along with 11 of the member companies representing the US aluminium industry. The association is advocated for a few key principles around the Section 232 investigation: • Aluminum production and products support U.S. national security and the Defence Industrial Base • Any final action in this investigation should provide solutions to the true underlying problem of Chinese aluminium overcapacity • The investigation should exempt Canadian imports and other foreign producers such...
According to a news report from Bloomberg, China Hongqiao Group, the biggest aluminium producer in China is curtailing outdated capacity on the back of government’s strict measures against illegal production. The company, a subsidiary of Shandong Weiqiao Pioneering Group Co, however, has not divulged any detail regarding the scale of curtailment or the time or date of such an action. Unnamed sources said that Weiqiao’s aluminium business started cutting 250,000 metric tons of annual capacity from Tuesday, June 20. China has started taking strict measures this year to cut capacity to reduce excess supply and to put a curb on pollution. China’s top economic planning agency issued an order in April to close smelters that violate environmental guidelines. It was also announced in the...
Prebaked anode price in East China market edged higher by 2.09 per cent as supply remained tight and demand grew from aluminium smelters restocking in advance. As on Thursday, June 22, prebaked anode price ranged at RMB 3,730-4,080 per tonne; the average price stood at RMB 3,905 per tonne, up by 80 RMB from its previous price of RMB 3,825 per tonne on June 21. The average prices of prebaked anode in northwest, southwest, and central China markets remain unchanged at RMB 3,900 per tonne, RMB 3,500 per tonne, and RMB 3,550 per tonne respectively. BAIINFO China in their latest aluminium weekly report stated that prebaked anode prices have been trending higher due to strong demand in the market and snug supply. It said, “Three factors were behind the tight availability. First was the...
LME aluminium fell from US$1,889 per tonne to US$1,865.50 per tonne after night trading on Wednesday, June 21 as aluminium stocks returned to growth. Unable to hold ground, the light metal shed 1.2 per cent of its brief gain. Shanghai Metals Market forecasts that LME aluminium will fall further to US$1,862-1,878 per tonne on Thursday, June 22, as supply remains strong. However, Reuters’ technical analysis suggests that aluminium prices on LME may bounce to US$1,885 per tonne in the short term as the contract failed to break a support zone of US$1,862.50-US$1,871 per tonne. A further drop from the current level is likely to be limited to US$1,862.50 per tonne. As on June 21, LME official cash buyer aluminium price stands at US$1,864.50 per tonne, cash seller & settlement aluminium price is...
On 22 June, the US Department of Commerce will hold a hearing on the Section 232 investigation on the impact of aluminium imports on US national security. As a prequel to that the European, American and Canadian aluminium associations published a joint statement. The Aluminum Association (AA), the Aluminium Association of Canada (AAC) and European Aluminium represent all major aluminium producers, fabricators and recyclers in the US, Canada and Europe which employs over 500,000direct jobs and more than 1.5 million indirect jobs. The three organizations together have drawn attention to global aluminium market imbalance caused in particular by the enormous excess capacity in China, which they consider to be the root cause of the challenges faced by the aluminium industries in North America...
Primary aluminium ingot prices edged higher across major markets in China. As on Wednesday, June 21, A00 aluminium ingot price in North China ranges between RMB 13,770-13,790 per tonne; average price stands at RMB 13,780 per tonne, up 0.58 per cent from its previous price of RMB 13,700 per tonne. The price of A00 aluminium ingot (South China) is ranging between RMB 13,850-13,880 per tonne. The average price is the highest at RMB 13,865 per tonne, up 0.25 per cent from its previous price of RMB 13,830 per tonne. A00 aluminium ingot price in East China- Zhejiang market stands at RMB 13,720.00 - 13,770 per tonne with the average price at RMB 13,745 per tonne (+0.48%). A00 aluminium ingot price in Northeast China market stands at RMB 13,710.00 - 13,740 per tonne with the average price at RMB...
LME aluminium after lingering at the same level (US$1,861 per tonne) for two consecutive days jumped to US$1,889 per tonne on Tuesday, June 20. The 1.5 per cent rise from the recent low of US$1,861 per tonne marks a comeback for the light metal which has been trending downward for over a week now. However, market watchers and traders do not seem to be too overwhelmed with the aluminium price rise since negative factors are still simmering. Shanghai Metals Market survey reveals aluminium stocks did not fall as per expectation even during the traditional peak-demand season this year owing to growing supply. So, the downtrend in LME aluminium (and Shanghai aluminium too) will likely continue, at least over short term. Further, the contract is predicted to face resistance at the 10-day moving...
The Rio Tinto board has reconfirmed its recommendation that shareholders vote in favour of the sale of its wholly-owned subsidiary Coal & Allied Industries Limited (“C&A”) to Yancoal Australia Limited (“Yancoal”). The recommendation follows consideration by the board of a counter proposal from Glencore plc (“Glencore”) and a proposal from Yancoal comprising improved terms to the transaction previously announced. Rio Tinto has engaged in active discussion with both parties and the board assessed a number of factors in its consideration of both proposals, including price and value; the risk that regulatory approvals will not be granted, or will be significantly delayed; funding certainty; and deal execution timeline. The board is recommending Yancoal’s proposal to its shareholders based on:...
According to a statement by the Indian Consulate in Shanghai, Adani Group inked a memorandum of understanding (MoU) with East Hope Group, one of China’s largest private companies, to build manufacturing units in Mundra special economic zone in Gujarat. East Hope Group will invest $300 million in setting up the manufacturing units. The manufacturing units would produce solar power generation equipment, chemicals, aluminium and animal feed. It will also put in place East Hope Group’s engineering and industrial integration chain to recycle and economise the product cost at Mundra SEZ, as reported by PTI. The MoU is proposed to convert into a definitive agreement within a period of 6 months, as reported. East Hope, the Chinese counterpart signing the MoU, is a renminbi 70 billion group, and...
Sohar Aluminium, organisers of the 21 st Arab International Aluminium Conference & Exhibition (ARABAL) has announced full details of the agenda for the event. The event will feature a distinguished and high-powered cadre of international industry leaders who will make up the keynote panel, informing and inspiring ARABAL 2017 attendees with their expert industry insights. The organisers have indicated that the ARABAL 2017 Call for Papers will close on 30 th June and urge interested parties to submit their abstracts for consideration. ARABAL 2017 is scheduled to be held in Muscat, Oman from 6 th to 9 th November, 2017. Organised under the theme ‘Driving Strategic Growth across the Global Aluminium Industry’, participants are expected to discuss topics such as market challenges of the...
LME aluminium is finally showing some resilience. The downtrend that has been continuing for seven days at a stretch came to a halt yesterday with the light metal closing at US$1,861.50 per tonne after the night trading on Monday, June 19, marginally up from US$1,861 per tonne on June 16. Reuters’ technical analysis suggests that LME aluminium may challenge a resistance at US$1,899 per tonne and rise to US$1,908 per tonne on Tuesday, June 20. Shanghai Metals Market forecast says that aluminium prices on the global bourse will range at US$1,881-1,891 per tonne in the short term. As on June 19, LME official cash buyer aluminium price stands at US$1,861 per tonne, cash seller & settlement aluminium price is US$1,861.50 per tonne, 3M buyer price is US$1,875 per tonne, 3M seller price is...
The Aluminium futures contract on the Multi Commodity Exchange fell below a key support level of INR 121.5 a kg in the past week. However, the contract has not witnessed any strong follow-through selling after this break and has been stuck in a narrow range between INR 120 and INR 121 since then. It is currently trading at INR 120.5 per kg. The 200-day moving average support is at INR 119.5, which is likely to be tested as long as the contract trades below INR 121.5. If the contract manages to sustain above the 200-day moving average support, a range bound move between INR 119.5 and INR 121.5 is possible for some time. A breakout on either side of INR 119.5 or INR 121.5 will then determine the next move. A decisive break below INR 119.5 can increase the selling pressure. Such a break can...
Trump’s new protective trade policies are creating concerns among the neighbouring countries like Canada which has been in a balanced trade relation with the U.S. Canada has been exporting large amount of aluminium into the U.S. President and CEO of the Aluminium Association of Canada Jean Simard said that the aluminium industry in Canada is trying to ensure that their aluminium export is not affected by the changing trade policies in the U.S. “With Trump in power, the aluminium industry is also up in the air,” said Simard, addressing Kitimat Chamber of Commerce members and business leaders on an occasion. Canada exports 75 per cent of its aluminium production to the U.S. out of which 400,000 tons are produced annually at the Rio Tinto plant in Kitimat. The country represents about two...
Emirates Global Aluminium, the largest industrial company in the UAE outside oil and gas, today announced Al Robot, a robotics competition that challenges students at universities and higher education institutions in the UAE to create a robot to tackle a real life challenge at EGA’s aluminium smelters. Al is the chemical symbol for aluminium. The competition asks university students to design, build and operate an autonomous robot capable of laying the brickwork lining of pots in which aluminium is smelted. This challenging work is currently done by hand. EGA already works closely with academics to turn the latest scientific thinking into practical technology for EGA’s industrial sites. However this is the first time EGA has invited student teams to participate in an open technology...
Aluminium Bahrain B.S.C. (Alba), the Bahrain-based international aluminium smelter, announced the commencement of construction site-works on its Line 6 Expansion Project in the second quarter of 2017 after the completion of the Front End Engineering Design (FEED) study. The FEED was completed in the first quarter of 2017. Alba’s Chairman of Board of Directors Shaikh Daij Bin Salman Bin Daij Al Khalifa stated: “Line 6 Expansion Project has started to take shape with the site being mobilized for preparation work - one of the major activities - which will ensure the rapid start of construction activities.” “We are also very pleased that the site-works contracts have been awarded to local Bahraini companies as that will bring significant opportunities for the Kingdom’s local businesses and...
Primary aluminium ingot prices edged higher across major China markets. As on Monday, June 19, A00 aluminium ingot price in North China ranges between RMB 13,540-13,560 per tonne; average price stands at RMB 13,550 per tonne, up 0.44 per cent from its previous price of RMB 13,490 per tonne. The price of A00 aluminium ingot (South China) is ranging between RMB 13,620-13,670 per tonne. The average price is the highest at RMB 13,645 per tonne, up 0.52 per cent from its previous price of RMB 13,470 per tonne. A00 aluminium ingot price in East China- Zhejiang market stands at RMB 13,520-13,530 per tonne with the average price at RMB 13,525 per tonne (+0.41%). A00 aluminium ingot price in Northeast China market stands at RMB 13,500-13,530 per tonne with the average price at RMB 13,515 per tonne...
