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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As anticipated by market watchers, LME aluminium fell below US$1,900 per tonne level unable to draw support from a weak US dollar index and strengthening crude oil prices. The light metal traded globally closed at US$1,888 per tonne on Monday, June 12, down 0.7 per cent from its previous close of US$1,901.50 per tonne on June 9. Reuters in its latest aluminium price analysis observed that the metal is still "the star of the London Metal Exchange (LME) base metals complex, up by over 12 percent on the start of the year." It has been taking a different set of cues from China, pinning its hopes on Beijing’s supply-side reforms; but the recent price trend suggests that LME aluminium will continue to struggle around US$1,900 per tonne, at least, in the short term. As on June 12, LME official...
Bosnian aluminium smelter Aluminij today 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. "Electricity is a key element and the most expensive item in the production of aluminium; thus by establishing AL Trade Aluminij moves towards achieving energy independence", according to the company. AL Trade will supply electricity to buyers and trade on the domestic market of Bosnia and Herzegovina. In 2016, Aluminij announced that its shareholders approved the founding of AL Trade to trade in electricity. Aluminij is based in Mostar, in the Federation, one of the two autonomous entities that form Bosnia and Herzegovina. The government of Bosnia's Federation owns 44%...
Aluminium Bahrain B.S.C. (Alba), the Bahrain-based international aluminium smelter, announced the promotion of Abdul Rasool Ahmed Abdul Rasool as the Director of Casthouse. A. Rasool joined Alba in 1985 as an Operator and was promoted to Supervisor Casthouse in 1997. He was appointed as the Casthouse Manager in 2006 thereafter Senior Casthouse Manager in 2013. Speaking on this occasion, Alba’s Chief Executive Officer Tim Murray said: “Casthouse is the operational area that interfaces directly with our customers and A. Rasool has played a critical role in maximizing Alba's Value-Added Production (VAP). Alba will continue down the path of growing our VAP portfolio with the commissioning of a new state-of-the-art Casthouse as part of the Line 6 Expansion Project. A. Rasool is another great...
LME aluminium just managed to stay on the higher side of US$1,900 per tonne last week. The light metal traded globally closed at US$1,901.50 per tonne on Friday, June 9, marginally down from US$1,902.50 per tonne on June 8. Shanghai Metals Market (SMM) analysis suggests that aluminium prices on LME will decline further this week dropping to US$1,870-1,920 per tonne. Aluminium demand in the overseas market is softening due to cyclical dynamics. This is likely to put a downward pressure on the LME aluminium prices. As on June 9, LME official cash buyer aluminium price stands at US$1,901.50 per tonne, cash seller & settlement aluminium price is US$1,901 per tonne, 3M buyer price is US$1,902 per tonne, 3M seller price is US$1,902.50 per tonne, Dec1 buyer price is US$1,933 per tonne, and Dec1...
Qatalum aluminium plant found an alternative sea routes to export its metal. Hydro’s spokesman said that the customers may face delays in deliveries, reported by Reuters. T he Qatalum JV was working to find alternative shipment routes to enable it to continue to serve its global customers. Recently, the Qatalum aluminium plant announced that they are working to solve outbound logistical challenges arising from the uncertain situation in the Middle-East after Saudi Arabia, UAE, Bahrain and Egypt cut off transportation links and severed diplomatic ties with Qatar. Qatalum is a joint venture between Hydro and Qatar Petroleum, and is producing more than 600,000 tonnes per year of value-add primary aluminum to customers in Asia, Europe and the U.S. Most Qatalum shipments normally go through...
China, the world’s fastest growing and second largest economy, plays a dominant role in in the global aluminium market. The nation accounts for about a half of global aluminium consumption, and is forecasted to boost this share to 59 per cent by 2025. According to an SMM report, China’s aluminium output rose 21.6 per cent year-on-year to 3.17 million tonnes in May. The production will continue to grow on a yearly basis in June. The country produced 15.21 million tonnes of aluminium during the first five months in 2017. As of June 1, aluminium stocks in domestic five major markets totalled 1.19 million tonnes, up 766,000 tonnes from a year ago. According to the recent estimate, China exported an estimated 135446 tonnes of aluminium in the first quarter of 2016-2017. In the second quarter,...
The prices of A00 aluminium ingots in China major consumer markets are trending higher today on June 9. A00 Aluminium Ingot (North China) price ranges at RMB 13,660-13,680 per tonne with the average price standing at RMB 13,670 per tonne, up 0.15 per cent from its previous price of RMB 13,650 per tonne on Thursday, June 8. The price of A00 Aluminium Ingot (South China) has dropped in the range of RMB 13,680-13,700 per tonne. The average price currently stands at RMB 13,690 per tonne, down -15 per cent from its earlier price. The price of A00 Aluminium Ingot (East China)-Zhejiang is ranging between RMB 13,640-13,650 per tonne, and the average price is at RMB 13,645 per tonne, up 0.15 per cent from its previous price. A00 Aluminium Ingot (Northeast China) price ranges at RMB 13,650-13,670...
LME aluminium is nearing a strong resistance at the five-day moving average. The light metal traded globally dropped marginally to US$1,902.50 after night trading on Thursday, June 8, from US$1,903.50 per tonne on Wednesday, June 7. Shanghai Metals Market (SMM) suggests that LME aluminium will continue to fluctuate in the range of US$1,895-1,915 per tonne on Friday, June 9. As on June 8, LME official cash buyer price of aluminium stands at US$1,902 per tonne, cash seller & settlement price is US$1,902.50 per tonne, 3M buyer price is US$1,903 per tonne, 3M seller price is US$1,903.50 per tonne, Dec1 buyer price is US$1,933 per tonne, and Dec1 seller price is US$1,938 per tonne. The current LME official Opening Stock of aluminium is estimated at 1461700 tonnes, total Live Warrants is...
Prices of aluminium fluoride and cryolite, the two supplementary raw materials used in aluminium smelting, registered their first fall since September 2016 yesterday, on June 7. Both the materials show cyclical price trends. So, as the off-season arrives in July, their demand automatically softens and the prices drop. Aluminium fluoride prices in China major markets declined from RMB 9,200-9,400 per tonne in May to RMB 9,000-9,200 per tonne in June. The average aluminium fluoride price stands at RMB 9,100 per tonne as on June 8. Cryolite prices in China market also dropped from RMB 6,300-6,500 per tonne in May to RMB 6,000-6,200 per tonne in June. The average cryolite price stands at RMB 6,100 per tonne as on June 8. Prices of fluorite, on the other hand, raw material for both cryolite...
LME aluminium partially recovered its recent losses and edged higher at US$1,903.50 per tonne on Wednesday, June 7. The 0.55 per cent rise in aluminium prices on the global bourse from the previous day’s close of US$1,893 per tonne is seen as a transitory turnaround by the analysts which they say is unlikely to extend over the short term. Shanghai Metals Market (SMM) suggests that LME aluminium will continue to hover at lows of US$1,895-1,915 per tonne on Thursday, June 8. As on June 7, LME official cash buyer price of aluminium stands at US$1,903 per tonne, cash seller & settlement price is US$1,903.50 per tonne, 3M buyer price is US$1,903 per tonne, 3M seller price is US$1,904 per tonne, Dec1 buyer price is US$1,932 per tonne, and Dec1 seller price is US$1,937 per tonne. The current LME...
Two of the world's biggest primary aluminium producing countries Russia and the US registered declines in their aluminium offshore sales during January-April 2017. Russia reported a drop in the export volume while the US registered a decline in both import and export for the period under review. A comparative trade data shows the following aluminium export trends for both countries during January-April 2017 vis-à-vis January-April 2016. Please note, the figures given below are estimates; the actual figures represent a drop which can be attributed to multiple macroeconomic factors. According to Russia Customs data, the country exported 1,085,800 tonnes (1.08 million tonnes) of aluminium during the initial four months of this year, down from 1,116,000 (1.11 million tonnes) tonnes a year...
Quintiq, a Dassault Systèmes brand and global leader in supply chain planning and optimization (SCP&O), announced that they would continue their partnership with Aluar Aluminio Argentino S.A.I.C. (Aluar) in order to improve the aluminium producer’s planning and optimization capabilities. Aluar, the only primary aluminium producer in Argentina, has a production capacity of 460,000 tons. The company exports around 70 per cent of its output around the globe. Gabriel Perez Villamil, Aluar’s IT Director, said, “The advantages of Quintiq were clear to us from the start. In 2007, we worked with the Quintiq team from the Netherlands to implement the solution. Now that Quintiq has expanded into Latin America, we are being served by a local team. This enables us to collaborate with even more ease.”...
LME aluminium failed to hold its ground and plunged below US$1,900 per tonne overnight as crude oil prices fell majorly due to ongoing Middle East tension. The key economic indicator presented a gloomy outlook despite OPEC move to extend production cuts. LME aluminium also failed to draw support from a weak US dollar which traded near a seven-month low on Tuesday, June 6. The light metal traded globally closed at US$1,893 per tonne at the end of last night’s trading, down 1.2 per cent from the previous close of US$1,917 per tonne on Monday, June 5. Shanghai Metals Market (SMM) forecast suggests: aluminium prices on LME will continue to struggle around US$1,900 per tonne and fluctuate in the range of US$1,895-1,915 per tonne on Wednesday, June 7. As on June 6, LME official cash buyer...
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Emirates Global Aluminium (EGA), one of the world’s biggest aluminium producers, today announced that the company opened its new head office. The new office is located next to its Al Taweelah aluminium smelter and alumina refinery in Khalifa Industrial Zone Abu Dhabi, KIZAD, which is currently under construction. Abdulla Kalban, EGA’s Managing Director and Chief Executive Officer, said, "We integrated our predecessor companies to form EGA some years ago, but the opening of our new head office is the final symbolic step.” “This complex is now the administrative centre of our business, as well as the centre of the broader UAE aluminium sector of which EGA is the heart and foundation." The company provides aluminium to approximately 26 companies in the UAE, some are located near to its Al...
A producer and a Japanese buyer agreed to set the third-quarter premium for aluminium imports into Japan at $119 per tonne plus LME cash CIF Japan, down from $128 per tonne for Q2, several parties involved in the talks said Monday. The agreement was for P1020/P1020A aluminium ingot for shipping to Japan over July to September, for over 500 tonnes per month. Around 15 Japanese buyers and five producers are continuing the negotiations, sources said. Rusal offered at $128 per tonne plus LME cash CIF Japan, Rio Tinto Japan at $123 per tonne, a third producer at $125 per tonne, and a fourth producer at $120 per tonne. One Japanese buyer said $119 per tonne plus LME cash CIF Japan was too high. Producers said output cuts in China are affecting the market but it was too early to say, he said....
As per the figures released by the Directorate General of Commercial Intelligence and Statistics, Kolkata and Directorate of Export Promotion and Marketing, Bhubaneswar, Odisha registered 72 per cent increase in the value of exports of aluminium and aluminium products in 2016-17. Odisha posted a growth in exports between 2015-16 and 2016-17. The exports turnover, which was INR 19,082 crore in 2015-16, has gone up INR 40,872 crore during 2016-17, an increase of 114 per cent. MSME Secretary L.N. Gupta said, “The growth has mainly been on account of increase in the value of exports of iron ore (301 per cent), bulk minerals and ores (311 per cent), residual chemical and allied products (861 per cent), iron and steel (104 per cent), aluminium and products of aluminium (72 per cent) and...
The Qatalum aluminium plant is working to solve outbound logistical challenges arising from the uncertain situation in the Middle-East after Saudi Arabia, UAE, Bahrain and Egypt cut off transportation links and severed diplomatic ties with Qatar. Qatalum is a joint venture between Hydro and Qatar Petroleum, and is producing more than 600,000 tonnes per year of value-add primary aluminum to customers in Asia, Europe and the U.S. Most Qatalum shipments normally go through the large Jebel Ali port in UAE, but this port looks to be closed for all Qatar shipments from Tuesday morning. Supported by owners Hydro and Qatar Petroleum, the Qatalum JV is currently working to find alternative shipment routes to enable it to continue to serve its global customers.
The prices for A00 Aluminium Ingot for all provinces in the China markets (North, South, North-East and South-West) have plunged further after the last gain on June 2 2017. Currently, among the domestic markets, the prices for A00 Aluminium Ingot for North China market have plunged 0.66% down from RMB 13,690/t on June 5 2017 to RMB 13,600/t on June 6 2017. A00 Aluminium Ingot at South China market plunged from RMB 13,735/t on June 5 to RMB 13,630/t on June 6. The price in East China market (Zhejiang) dropped from RMB 13,680 /t on June 5 to RMB 13,590/t on June 6 and for Jiangsu province it dropped from RMB 13,670/t to RMB 13,580/t. For the Northeast China market, the price dropped from RMB 13,670 /t on June 5 to RMB 13,610/t. For the Southwest China market, the price dropped from RMB...
