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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Any rise in LME aluminium, if at all that happens, will be a marginal one. The light metal traded globally ended last week in a dip near US$1,860 per tonne, down from the earlier close of US$1,864 per tonne. Fundamentals are still weak; so, it is likely that LME aluminium will keep trading at lows in the short term. Further, the metal contract faces a strong resistance at the five-day moving average. Based on that, Shanghai Metals Market predicts that aluminium prices will hover in the range of US$1,862-1,880 per tonne on Monday, June 19. Reuters’ technical analysis suggests that LME aluminium may break above the resistance and rise towards the next resistance at US$1,899 per tonne. Support is at US$1,871, a break below which would lead to the continuation of the downtrend towards $1,863...
AlCircle helps you to keep track of news that happened in the world of aluminium. Last week, Qatar's Qatalum aluminium plant faced outbound logistical challenges following a diplomatic row with neighbours in the Middle-East and neighbours blocked shipments through their ports. A few major companies secured license contracts and others expanded their downstream operations. Here’s a compilation of the top trending stories covering the primary aluminium vertical for the week that went by: Bosnia’s Aluminij unit secures power supply licence Bosnian aluminium smelter Aluminij announced that its unit AL Trade has secured two years license from FERK, the energy regulator of Bosnia’s Federation. FERK has granted a license to AL Trade to supply electricity. Rusal plans to expand its aluminium &...
According to Bank of America Merrill Lynch’s (BofAML’s) Global Commodity Research team, China needs to curtail its capacity of aluminium 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. The analysts said, “Indeed, fundamentals on the Chinese market have been so weak that the country's smelters could have almost justified sending primary aluminium abroad, despite a 15% export tax.” London Metals Exchange (LME) aluminium prices increased when the Obama administration launched a complaint against Chinese aluminium subsidies at the World Trade Organization. Recently, China ordered aluminium producers to curtain their...
Rising for the third straight day, aluminium prices rose by another 0.29 per cent to INR 120.50 per kg in futures trading on June 15, as speculators engaged in enlarging positions, taking positive cues from spot market on rising demand. At the Multi Commodity Exchange, aluminium for delivery in June traded higher by 0.29 per cent, to INR 120.50 per kg in a business turnover of 352 lots. Similarly, the metal for delivery in July went up by 0.25 per cent, to INR 120.95 per kg in 14 lots. Analysts said expanding of positions by traders, tracking a firm trend at spot market on rising demand from consuming industries mainly kept aluminium prices up at futures trade.
Primary aluminium ingot prices edged higher across major China markets. As on June 16, A00 aluminium ingot price in North China is ranging between RMB 13,480-13,500 per tonne; average price is RMB 13,490 per tonne, up 0.75 per cent from its previous price. The price of A00 aluminium ingot in Northeast China is ranging between RMB 13,470-13,490 per tonne. Its average price is RMB 13,480 per tonne, also up by 0.75 per cent from its previous price. A00 aluminium ingot price in East China- Zhejiang market stands at RMB 13,460-13,480 per tonne with the average price at RMB 13,470 per tonne (+0.75%). The average price of A00 aluminium ingot in East China- Jiangsu market is also up by 0.64 per cent at RMB 13,455 per tonne. The maximum rise is overserved in A00 aluminium ingot (Southwest China)....
Press Metal Bhd, the largest aluminium smelting firm in Indonesia expects stronger financial performance for the year ending Dec 31, 2017 (FY17) driven by improved aluminium prices and increased output. The group is expecting better growth in its bottom line and top line supported by higher aluminium price and a rise in the value of the US dollar. “We believe the price of aluminium this year will be higher than last year, and we are positive about the production output, which is going to be more,” said chief executive officer Datuk Paul Koon Poh Keong. “If the US dollar strengthens it will definitely help us. We are comfortable with this kind of range (RM4.25 to RM4.26 against the dollar) and of course if it is at RM4.4 it will be very good for us.” Koon said to the media after the...
LME aluminium unable to sustain at US$1,880 per tonne level fell to US$1,864 per tonne on Thursday, June 15. The light metal which edged higher at US$1,886.50 per tonne on Tuesday, June 14, is being weighed on heavily by the growing stocks and slow moving inventory. LME aluminium has come down by 3.4 per cent from its monthly high of US$1,930 per tonne on June 1. There is a possibility that aluminium prices on LME will inch slightly higher as the US dollar index is plunging. The greenback hit its lowest since November 9 after weak US data on Wednesday; the light metal may gain support from it. However, recent price trend suggests that any rise will be transitory. As on June 15, LME official cash buyer aluminium price stands at US$1,863.50 per tonne, cash seller & settlement aluminium...
Russian aluminium major Rusal said it plans to boost its aluminium production by 19% to 4.4 million tonnes by 2021, in order to cater to the rising global demand. The company expects the global demand to grow by 4 to 5 per cent annually till 2021 as the demand for "green" aluminium and advanced alloys is growing at a faster rate. The global demand for primary aluminium is expected to increase by 13.5 million tonnes to reach 73.2 million tonnes by 2021. The company presentation for May also said that that it aims to use 100% non-carbon energy sources for aluminium smelting by 2020, up 5% from the current level. Rusal also plans to boost value-added product sales by 47% to 2.5 million tonnes in 2020 from 2016. Rusal’s value-added aluminium products, like alloys in the form of ingots, bars,...
The prices for A00 Aluminium Ingot for all major markets in China (North, South, East, North-East and South-West) have plunged further after the last gain on June 9 2017. Currently, among the domestic markets, the prices for A00 Aluminium Ingot for North China market have plunged 1.55% down from RMB 13,600/t on June 14 2017 to RMB 13,390/t on June 15 2017. A00 Aluminium Ingot at South China market plunged from RMB 13,625/t on June 14 to RMB 13,470/t on June 15. The price in East China market (Zhejiang) dropped from RMB 13,560/t on June 14 to RMB 13,370/t on June 15 and for Jiangsu province it dropped from RMB 13,545/t to RMB 13,370/t. For the Northeast China market, the price dropped from RMB 13,590/t on June 14 to RMB 13,380/t today. For the Southwest China market, the price dropped from...
LME aluminium after falling for six days at a stretch settled slightly higher at US$1,886.50 per tonne after night trading on Wednesday, June 14, from the earlier close of US$1,877 per tonne. However, the ‘spike’ does seem to be extending into a ‘rise’ since fundamentals still look grim. Price trend suggests that LME aluminium will continue to hover at US$1,880-1,900 per tonne range in the short term. As on June 14, LME official cash buyer aluminium price stands at US$1,886 per tonne, cash seller & settlement aluminium price is US$1,886.50 per tonne, 3M buyer price is US$1,895 per tonne, 3M seller price is US$1,896 per tonne, Dec1 buyer price is US$1,928 per tonne, and Dec1 seller price is US$1,933 per tonne. The current LME official Opening Stock of aluminium is estimated at 1438025...
On Monday June 12, President Donald Trump announced at a Cabinet meeting that the United States will soon implement new legislation to control the dumping of foreign steel and aluminium in the country. "We'll be having some major legislation very soon on the dumping of steel in our country, which is absolutely killing our workers," Trump said and he made a similar comment on aluminium import too. Though the restrictive measures on imports were mainly targeted at subsidized Chinese import, it could also affect other countries like Japan and South Korea that export such products to the U.S. market. Any countermeasures will be subjected to the findings of the administration's investigations under Section 232 of the Trade Expansion Act, which will look into the national security implications...
The downtrend in LME aluminium is continuing. The light metal breached last week’s low of US$1,887 per tonne to close at US$1,877 per tonne after night trading on Tuesday, June 13. A broker at Marex Spectron said that the next support level for LME aluminium was at US$1,862.50 per tonne. "Marex data analysis shows yesterday's supply was the heaviest since the May 8 which was on that move down to that low," he said. It is likely that aluminium prices on LME will drop further in the near term. As on June 13, LME official cash buyer aluminium price stands at US$1,876 per tonne, cash seller & settlement aluminium price is US$1,877 per tonne, 3M buyer price is US$1,883 per tonne, 3M seller price is US$1,883.50 per tonne, Dec1 buyer price is US$1,915 per tonne, and Dec1 seller price is US$1,920...
Aluminium prices in India futures market gained 0.25 per cent to INR 121.55 per kg on Tuesday, June 13, as fresh positions built up on speculations driven by a sudden surge in demand in the spot market. Aluminium for delivery in June contracts was up by 0.25 per cent to INR 121.55 kg at the Multi Commodity Exchange in a business turnover of 210 lots. MCX aluminium for delivery in July edged higher by 0.12 per cent to INR 122.05 per kg in a total business turnover of 26 lots. Commenting on the reason behind aluminium price increase at futures trade, analysts opined that fresh positions were created by the traders as there was an uptick in demand in the spot market mainly generated by the key end user industries.
As reported to Reuters by Hydro, Qatar Aluminium is now exporting metals via ports in Kuwait and Oman, as well as a Qatari container port. Qatar's Qatalum aluminium plant was facing outbound logistical challenges following a diplomatic row with neighbours in the Middle-East when Saudi Arabia, UAE, Bahrain and Egypt had severed diplomatic ties with Qatar and blocked shipments through their ports. Hydro, one of the joint owners of Qatalum, said last week that alternative shipment routes were established for shipping their metal but did not divulge further details. "There's a recently completed container port in Qatar which we've begun using, and we also have shipments through Kuwait and Oman, solving this for the short term," said Svein Richard Brandtzaeg, Hydro Chief Executive, during a...
Baise Mining Group has started production of its coal-power-aluminium integrated high-purity aluminium project. Coal-Power-Aluminium Integrated Project would produce aluminium with Al content as high as over 99.99 per cent, according to an SMM report. The project has a production capacity of 10,000 tonnes per annum. In 2016, the company said it had begun construction on its 10,000-tpy precision aluminium processing project in Guangxi province. The project being built at a total investment of 77 million yuan, with estimated construction period spanning at 18 months. Baise Mining Group Co. Ltd. mines, processes, and distributes coal products. Besides, it also has other mineral ore production, power generation, aluminum, coal logistics, building materials, and other operations.
The prices of A00 aluminium ingots in China major consumer markets are trending low today on June 13. A00 Aluminium Ingot (North China) price ranges at RMB 13,590-13,610 per tonne with the average price standing at RMB 13,600 per tonne, down 0.22 per cent from its previous price. The price of A00 Aluminium Ingot (Northeast China) has dropped in the range of RMB 13,580-13,600 per tonne. The average price currently stands at RMB 13,590 per tonne, down 0.22 per cent from its earlier price. The price of A00 Aluminium Ingot (East China)-Zhejiang is ranging at RMB 13,550 per tonne, down 0.37 per cent from its previous price. A00 Aluminium Ingot (East China) - Jiangsu price ranges at RMB 13,540-13,550 per tonne. The average price is registered at RMB 13,545 per cent, down 0.29 per cent from its...
The Aluminum Association, in cooperation with the Aluminium Association of Canada, reported that primary aluminium production in North America (U.S. and Canada) was at an annual rate of 3,950,536 tonnes during May 2017, down 0.4% from 3,965,567 tonnes in April 2017. The production rate in the U.S. was up 2.9 % MoM, while the Canadian rate was off 1.1 %. On a year on year comparison, the North American annual rate was slightly down from May 2016. Actual production through the first five months of 2017 totalled 1,640,433 tonnes, down 3.8 % YoY. Despite the drop in primary production, secondary recovery and downstream shipments are increasing in both the U.S. and Canada. Demand situation is strong and the protective policies of the present government is creating a positive vibe among the...
Indian National Trade Union Congress (INTUC) yesterday announced that they have asked for a judicial inquiry into Nalco’s all overseas investment. INTUC’s State president Ramachandra Khuntia said that they have demanded for investigation as Nalco’s profit is reducing due to wrong investment decision. Ramachandra Khuntia said the company which had made a profit of INR 2300 crore at one time, netted a profit of INR 669 crore in 2016-17 because of the wrong policy of the Central Government. In 2015-2016, the company’s profit stood at INR 787 crore. He further mentioned the reasons that affected the company’s financial health. The reasons include: central government’s decision to invest crores of rupees in coal mine lease project in Indonesia and to stop it later, investment of INR 2,052...
