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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National Aluminium Company Limited (Nalco) yesterday signed a memorandum of understanding (MoU) with the Ministry of Mines, Govt. of India for setting higher targets in production, productivity, turnover and CAPEX for the FY 2017-18. According to a release, the MOU was signed between Arun Kumar, secretary, Ministry of Mines and Tapan Kumar Chand, Nalco's chairman & managing director. The MoU was formulated as per the new Department of Public Enterprise guidelines and finalized following discussions with both Inter-Ministerial Committee as well as Ministry of Mines. According to the agreement, the target for revenue from operations has been fixed at INR 8,100 crore (net of excise) which is INR 700 crore more than previous year. Nalco has also set 100 per cent targets for production of both...
LME aluminium is continuing its uptrend. The light metal after having risen for two days at a stretch rose for the third day gathering strength from the rising crude oil prices, which got a boost from the news on OPEC agreeing to extend oil cut agreement by 9 more moths. LME aluminium closed at US$1,954 per tonne on Thursday, May 25, up 0.51 per cent from its previous close of US$1,944 per tonne on Wednesday, May 24. Reuters’ technical analysis suggests that LME aluminium faces a resistance at US$1,962 per tonne. A break above this level could lead to a substantial gain to US$1,969 per tonne. According to Shanghai Metals Market (SMM) forecast, LME aluminium will further rise to US$1,950-1973 per tonne on Friday, May 26. As on May 25, LME official cash buyer aluminium price stands at...
LME aluminium reversed the temporary drop and regained its upward momentum as the US dollar index weakened further after the release of not-so-inspiring Fed’s May policy meeting minutes. The light metal traded globally closed at US$1,944 per tonne on Wednesday, May 24, rising 0.93 per cent from its previous close of US$1,926 per tonne. Reuters’ technical analysis suggests that LME aluminium is biased to retest strong support at US$1940 per tonne. A break below the level can lead to a further loss to US$1,933 per tonne. According to Shanghai Metals Market (SMM) forecast, LME aluminium will rise to US$1,935-1960 per tonne on Thursday, May 25. As on May 24, LME official cash buyer aluminium price stands at US$1,943 per tonne, cash seller & settlement aluminium price is US$1,944 per tonne, 3M...
According to the recently published USGS Mineral Industry Survey for Aluminium in March 2017, domestic primary aluminium production in March 2017 was 63,000 tons, up 11% in comparison to February 2017, but down 19% YOY and 56% less than the production in March 2015. The average daily production remains flat MoM in March at 2,030 tonne. The daily production rate dropped 19% YoY. The average U.S. market price of primary aluminium ingot and average cash price on the London Metal Exchange Ltd. (LME) in March 2017 stood at to $0.964 per pound and $0.862 per pound respectively, up 2% from those in February 2017. The total inventories of primary aluminium in LME-approved warehouses in the United States decreased to 194,000 tonnes at the end of March 2017. On April 27, the President of the United...
Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, has been named aluminium company of the year at the Platts Global Metals awards. The awards ceremony took place in London and brought together the global metals industry. EGA was recognised as ‘Industry Leader – Aluminium’. Abdulla Kalban, Managing Director and Chief Executive Officer at EGA, said: “It is pleasing to be recognised by our peers in this way. This award is for each of our 7,000 people whose work over decades has made EGA the industry leader it is today.” EGA makes around 1 t every 25 t of aluminium produced in the world today and supplies to some 300 customers in 60 countries. Around 10% of EGA’s production is sold in the UAE to 26 downstream companies that use it...
The Aluminum Association released today three updated American National Standards (ANSI) H35 on Alloy and Temper Designation Systems and Dimensional Tolerances for Aluminum Mill Products. These new editions update previous versions last published in 2013. The Aluminum Association is the ANSI-accredited standards setting organization for aluminum produced in the United States. These documents provide the foundation for standards and registration systems used for aluminum alloys, tempers, unalloyed aluminum, and dimensional tolerances for aluminum mill products. The documents offer complete explanations of a variety of designation systems, and are the foundation to the Aluminum Association publication Aluminum Standards and Data which is slated for release later this year. Updated documents...
After picking up pace on news that the OPEC countries may extend their oil output cut agreement, LME aluminium has plunged low on yesterday’s closing as a natural trend after testing resistance at around US$1,947 per tonne. LME aluminium plunged 0.87 per cent from its previous close of US$1,943 per tonne to close at US$1,926 per tonne on Tuesday, May 23. Shanghai Metals Market forecasts that the contract will trade in the range of US$1,935-1965 per tonne on Wednesday, May 24. As on May 23, LME official cash buyer price of aluminium stands at US$1,925.50 per tonne, cash seller & settlement price is US$1,926 per tonne, 3M buyer price is US$1,928 per tonne, 3M seller price is US$1,930 per tonne, Dec1 buyer price is US$1,955 per tonne, and Dec1 seller price is US$1,960 per tonne. The current...
The London listed Vedanta Resources plc yesterday announced the appointment of Mr Edward Story as a Non-Executive Director with effect from 1 June 2017. According to a release, Vedanta will also appoint him as a member of the Company's Audit Committee with effect from 1 June 2017. Mr Anil Agarwal, Chairman of Vedanta, said, "I am delighted to welcome Ed to our Board. His background and domain experience in the oil and gas industry will significantly enhance our ability to grow and develop Vedanta's oil and gas business. On behalf of the Board, I want to acknowledge Aman's significant contribution during this time on the Board, particularly in transforming the Audit Committee's oversight of the Group's risk management and internal control processes. We thank him for his contributions and...
Saudi Arabian Mining Company Ma’aden signed two landmark Memorandums of Understanding (MOUs) with its U.S.-based partners Alcoa and Mosaic at the ongoing inaugural Saudi-U.S. CEO Forum that was launched in Riyadh on Saturday, May 20. The Memorandums are expected to provide fresh impetus to the Kingdom's mining sector which is identified to be a playing a crucial role in the economic diversification of the nation as outlined in Saudi Vision 2030. The first MOU outlines the scope of feasibility assessment of a potential expansion of aluminium production complex in Ras Al-Khair Industrial City, by Ma'aden and Alcoa, the joint developers of the project. Since inception in 2009, the Ma’aden-Alcoa aluminium smelting joint venture complex has made a significant contribution amounting to US$4...
LME aluminium has picked up the pace. The light metal which was trending low a week ago has gained momentum on news that the OPEC countries may extend their oil output cut agreement. LME aluminium rose 0.25 per cent from its previous close of US$1938 per tonne to close at US$1,943 per tonne on Monday, May 22. Shanghai Metals Market forecasts that the contract will trade in the range of US$1,930-1950 per tonne on Tuesday, May 23. As per Reuters’ analysis, LME aluminium price is likely to drop to US$1,918 per tonne as it seems to have peaked around a resistance at US$1,947 per tonne. As on May 22, LME official cash buyer price of aluminium stands at US$1,941 per tonne, cash seller & settlement price is US$1,943 per tonne, 3M buyer price is US$1,941per tonne, 3M seller price is US$1,941.50...
Runaya Refining LLP, a new metal startup has signed a technology licensing pact with Taha International WLL, which owns the patent for aluminium dross processing. The startup would harness the cutting-edge technology of Taha International to convert waste aluminium into value-added products. The Agarwal sons — Naivedya and Annanya, whose father Navin Agarwal is the chairman of Vedanta Ltd, would lead the operations of the new startup. Runaya Metsource, the parent of Runaya Refining, is funded by the “principal shareholders’ of the Vedanta group - and is already termed as the fastest growing manufacturing start-up in the metal sector. Annanya, who is heading the company, has worked with the Boston Consulting group, and McKinsey, and in the investment banking team in Singapore at the...
LME aluminium ended last week on a high. The light metal traded globally jumped to US$1,938 per tonne on Friday, May 19, the highest in the month so far. The 1.73 per cent rise in LME aluminium price from the previous close of US$1,905 per tonne can be partly attributed to the weak US dollar index, which seems to have given up all its post-election gains lately. Shanghai Metals Market (SMM) prediction says the contract will face technical corrections on Monday, May 22 and range at US$1,885-1,930 per tonne. The weekly forecast says, LME aluminium will drop slightly this week with no stimulus from the new capacity cut programme. As on May 19, LME official cash buyer price of aluminium stands at US$1,937.50 per tonne, cash seller & settlement price is US$1,938 per tonne, 3M buyer price is...
Press Metal Bhd, reported a 57% jump in both revenue and earnings in Q1 2017 driven by higher output coupled with improved metal prices. The company ramped up its aluminium smelting capacity in mid-2016 in order to increase its sales volume. The country’s largest aluminium smelter announced earnings of RM148.05mil and revenue of RM2.02bil in Q1 2017 ended March 31. The quarterly earnings were higher than the company’s average annual earnings in last five years. In May 2016, Press Metal completed the production ramp-up of its Samalaju Phase 2 smelter in Sarawak, doubling its production capacity to 640,000 tonnes per year and this turned out to be the biggest performance booster for the company in Q1 2017. According to its latest annual report, currently, Press Metal Bhd has the largest...
The latest data from Wold Bureau of Metal Statistics (WBMS) showed that the global primary aluminium market was in a deficit in the first quarter of the current calendar year. The deficit however, has narrowed down to 356,000 tonnes from a staggering 1.12 million tonnes in the entire 2016. The worldwide primary aluminium demand was up by 1.15 million tonnes from the corresponding period previous year to stand at 15.05 million tonnes during January-March 2017. While this easing out of primary aluminium deficit by 764,000 tonnes (year-on-year) helps bring some relief for the global aluminium industry players, China’s aluminium output data again takes that away. The country with its 8.2 million tonnes primary aluminium output recorded in the first quarter of 2017 signals at a global surplus...
LME aluminium gave up its recent gains and dropped to US$1,905 per tonne Thursday, May 18, from its previous peak at US$1,928 per tonne on May 17. The light metal traded globally finds a strong support at US$1,900 per tonne. Shanghai Metals Market (SMM) forecast says LME aluminium price will move at US$1,900-1,925 per tonne range on Friday, May 19. As on May 18, LME official cash buyer price of aluminium stands at US$1,904 per tonne, cash seller & settlement price is US$1,905 per tonne, 3M buyer price is US$1,905 per tonne, 3M seller price is US$1,906 per tonne, Dec1 buyer price is US$1,938 per tonne, and Dec1 seller price is US$1,943 per tonne. The current LME official Opening Stock of aluminium is estimated at 1515400 tonnes, total Live Warrants is 964850 tonnes, and Cancelled Warrant...
The aluminium production process requires up to half a tonne of carbon for every tonne of metal produced. Specifically ‘petroleum coke’ or petcoke, a by-product of the oil refining process, is a significant fuel for the power generation and aluminium smelting industries along with the cement industries. Anode-grade petcoke, commonly defined as that with a sulfur content of less than three percent has solid demand in the aluminium industry. {newsStudioGallery} India has seven aluminium smelters with a total installed capacity of 2.6 million tpy operated by three aluminium producers National Aluminium Co. Ltd, Hindalco Industries Ltd and Vedanta Aluminium Ltd. India has an installed alumina capacity of 6.5.million tonnes and the reported production of alumina stands at 4 million tonnes in...
Automation solutions provider Siemens today said it has bagged a contract from Vedanta for providing digital fleet center solution to connect the latter's two power plants in India to the monitoring stations. Siemens will digitally link Vedanta's critical power units-Talwandi Sabo Power Plant (TSPL) in Punjab and Bharat Aluminium Company (BALCO)-to its monitoring station. "This connection will serve to analyse huge amounts of fleet data for continuous monitoring and diagnostics of these assets. This will enable proactive maintenance to help reduce unplanned outages, thereby, optimising costs and increasing availability of Vedanta's power assets," Siemens said in a statement issued here. Siemens will initially provide three years of maintenance and service support to help ensure continued...
LME aluminium is inching higher through at a ‘cautiously moderate’ pace. The light metal traded globally closed at US$1,928 per tonne on Wednesday, May 17, up 0.67 per cent from its previous close of US$1,915 per tonne on Tuesday, May 16. LME aluminium gathered support partly from the US Dollar Index that has been extending its losing streak to four consecutive seasons now. The greenback remains under pressure in today’s session (May 18). Shanghai Metals Market (SMM) analyses that LME aluminium will meet strong resistance at US$1,930 per tonne and move at US$1,917-1,935 per tonne on Thursday, May 18. As on May 17, LME official cash buyer price of aluminium stands at US$1,927 per tonne, cash seller & settlement price is US$1,928 per tonne, 3M buyer price is US$1,925.50 per tonne, 3M seller...
