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...
Grow with
AL Circle
AlCircle presents a weekly recap to get you up-to-date with the global primary aluminium industry’s headlines. We have seen many companies announcing their Q4 and yearly results and sharing their outlook on the coming quarters. Let’s catch up with the following top stories from the past week. EGA’S net profit increases by 10 percent in 2016 Emirates Global Aluminium (EGA) has announced its 2016 net profit reports indicating a hike of 10 per cent with 2.1 billion dirhams ($572 million) profit despite of low in the revenue. EGA’S aluminium production increased by 2.5 million tonnes in 2016 compared to 2.4 million tonnes in 2015, as per company reports. Century optimistic about recovery despite continuous loss in Q4 and full year 2016 Century Aluminum Company reported a net loss of $168.5...
Indian metal and coal stocks were up on March 2 after the news of China imposing cuts on steel, aluminium and coal production started circulating in the market. A drop in supply of these highly demanded commodities are expected to hike prices and improve valuations of companies in countries which are in competition with China. The BSE metal index was up 1.5% to hit 12,306.54 in intraday trade in a firm Mumbai market. National Aluminium (Nalco) stocks jumped as much as 7% while Vedanta gained 3%, Hindalco and Coal India gained 1% respectively. As reported by Reuter, on Thursday, China has ordered steel and aluminium producers in 28 cities to slash output during winter, indicated plans to cut coal use in the capital and required coal transport by rail in the north to fight increasing smog...
There has been a continuous discussion between the Ministry of Mines and Ministry of Commerce and Industry regarding the imposition of minimum import price (MIP) on aluminium products since the third quarter of FY 2017. However, it appears that despite the insistence of the Ministry of Mines, the Ministry of Commerce and Industry is unlikely to do so any time. The ministry of Commerce believes that imposition of more duty on aluminium import would encourage inflation and affect the interests of the common man. “Indeed, the government is keen on protecting domestic interests from cheap imports, but not at the expense of common man. We have to consider common man’s interest before taking any decision,” said an official in the ministry. To argue in their favour and to make a strong case for...
Alcoa Corporation, a global leader in bauxite, alumina and aluminum products, today announced that it is consolidating its business units to reduce complexity. Effective immediately, the aluminum smelting, cast products and rolled products businesses, along with the majority of the energy segment assets, will be combined into a new Alcoa Aluminum business unit (BU). As a result, the Company’s three business units are Alcoa Bauxite, Alcoa Alumina and Alcoa Aluminum. “Our strategic goals include reducing complexity, driving returns to create stockholder value and strengthening the balance sheet,” said Roy Harvey, Chief Executive Officer of Alcoa. “Streamlining our number of business units is aligned with those goals, and will increase our operational agility, lower costs, and promote more...
.jpg)
According to sources, Emirates Global Aluminium (EGA), the largest aluminium producer in the Middle East is considering an initial public offering (IPO) to sell shares after the recovery in global commodity prices. The unnamed source said that the UAE based company is seeking advisers for a potential initial public offering on the local stock exchange in this year. However, there has been no official confirmation from EGA which is jointly owned by Abu Dhabi’s sovereign fund Mubadala Investment Co. and the Investment Corp. of Dubai on this matter. IPOs in the Middle East are expected to have a revival as the GCC countries, including the UAE are shifting their focus towards other commodities than on oil. Saudi Arabia, the largest of the Gulf Arab economies is also planning for what could be...
Rio Tinto has planned to cut down 80,000 tonnes of annual production and more than 100 jobs at its Boyne aluminium smelter in Gladstone. The annual aluminium production of the smelter is valued at $US160 million at current prices. The reason behind this decision is that the company has not being able to negotiate power contracts with the state power providers. Rio Tinto’s spokesman said, “Gladstone’s Boyne Smelters Ltd will be reducing production by 14 per cent after failing to secure a competitively priced electricity contract.” “Boyne Smelters has been working hard to secure a competitive energy deal. Both parties have been negotiating in good faith but ultimately could not reach agreement,” the spokesman added. This time the company’s decision to cut production is almost double than...
The Norwegian economy is regaining confidence after the Trends Indicator showed consistent rise over the last few quarters. The economy was hit badly after oil industry downturn affected Southern and Western Norway in 2015. Since 2016 begining, the situation has been improving. The country with a prominent oil, hydropower and metal industry profile shipped US$89.1 billion worth of goods around the globe last year. Aluminium export (including primary aluminium such as non-alloyed aluminium ingots as well as aluminium casthouse products), which comprises around 3.6 per cent of its total export value also scaled higher in 2016. {newsStudioGallery} Norway's non-alloyed aluminium ingot exports have been logging a year-on-year growth over the last three years. In 2016, the country exported...
LME aluminium slipped as positions rose during Thursday's night trading. The contract declined marginally by 0.25 per cent from Wednesday's closing of US$1,934 per tonne to close at US$1,929 per tonne on Thursday, March 2. As Shanghai Meals Market (SMM) finds it, LME aluminium will test support at the 5 and 10-day moving averages and trade at US$1,890-1,920 per tonne on Friday, March 3. As on March 2, LME official cash buyer price of aluminium stands at US$1,927 per tonne, cash seller & settlement price is US$1,929 per tonne, 3M buyer price is US$1,935 per tonne, 3M seller price is US$1,936 per tonne, Dec1 buyer price is US$1,970 per tonne, and Dec1 seller price is US$1,975 per tonne. The current LME official Opening Stock of aluminium is estimated at 2180775 tonnes, total Live Warrants...
After a fall to US$1,895 per tonne on Tuesday, February 28, aluminium has staged a quick comeback, on the news of China’s alumina and aluminium capacity cut orders for 28 cities. LME Aluminium closed 2.0% higher at $ 1,934 per ton on March 1 Wednesday, 35% higher than the trough seen in late 2015. As seen by SMM, LME aluminium contract will move at USD 1,930-1,960/mt on Thursday. As on March 1, LME official cash buyer price of aluminium stands at US$1933.50 per tonne, cash seller & settlement price is US$ 1934 per tonne, 3M buyer price is US$ 1938 per tonne, 3M seller price is US$ 1939 per tonne, Dec1 buyer price is US$ 1972 per tonne, and Dec1 seller price is US$ 1977 per tonne. The current LME official Opening Stock of aluminium is estimated at 2188400 tonnes, total Live Warrants at...
According to a Bloomberg News report, China has ordered aluminium producers to curtain their production capacity in 28 cities during winter months as Beijing has been facing smog problems for years. China has also ordered steel producer to cut their production capacity. China has ordered to slash production capacity on aluminium and alumina by more than 30 percent, according to the order issued by authorities including the Ministry of Environmental Protection (MEP) and the National Development and Reform Commission. China has come up with this order after the MEP’s proposal, in a draft policy document seen by Reuters that would be among Beijing's most radical moves so far to tackle air quality in the country's most polluted cities. In that draft document, the MEP had also recommended...
The LME aluminium contract dipped by 0.68 per cent from its previous day's closing of US$1,908 per tonne to close at US$1,895 per tonne on Tuesday, February 28. LME aluminium has hit the highest level from mid May 2015 reaching the month’s highest on February 27 and market players are expecting a technical correction after a fast rise. As seen by SMM the LME aluminium contract will move at USD 1,910-1,930/mt on Wednesday. As on February 28, LME official cash buyer price of aluminium stands at US$1894.50 per tonne, cash seller & settlement price is US$ 1895.00 per tonne, 3M buyer price is US$ 1895.00 per tonne, 3M seller price is US$ 1895.50 per tonne, Dec1 buyer price is US$ 1935.00 per tonne, and Dec1 seller price is US$ 1940.00 per tonne. The current LME official Opening Stock of...
Emirates Global Aluminium (EGA), one of the largest aluminium producers in the world, announced on Tuesday 28 February, its 2016 net profit reports indicating a hike of 10 per cent with 2.1 billion dirhams ($572 million) profit despite of low in the revenue. CEO Abdulla Kalban commented: "This is a result of our focus on cost management, operational efficiencies, continuous improvement of our technology, and responsiveness." EGA’S aluminium production increased by 2.5 million tonnes in 2016 compared to 2.4 million tonnes in 2015, as per company reports. The company’s revenue declined by 9 per cent to 17.1 billion dirhams compared to 18.7 billion dirhams in 2015 which is owned equally by Abu Dhabi and Dubai investment funds. He explained, “The hard work of EGA’s employees delivered strong...
.jpg)
The Annual Reports of Vedanta Limited and Vedanta Resources Plc won Platinum and Gold, in the Materials and Energy - Equipment & Services category respectively, at the LACP Vision Awards 2016. The awards recognize best practice in international financial reporting. Vedanta Limited's FY 2016 Annual Report earned 99 of a 100 points and was ranked 19 among the top 50 reports worldwide. Vedanta as a purpose driven organisation ensures best practices in financial and non-financial disclosures, including governance, ethics and proactive information sharing. The Annual Reports reflect the best practices of Vedanta, which are benchmarked globally. "We are delighted that Vedanta's Annual Reports were recognized at the Vision Awards. These awards truly credit the excellent performance of our teams...
According to TASS news agency, Russian Industry and Trade Minister Denis Manturov said yesterday 27 February, that Russia is planning to form an OPEC kind of network for the global aluminium industry. The Organization of the Petroleum Exporting Countries (OPEC) is an organization of world’s major oil-exporting nation’s aims at maintaining stability in oil markets. In 2016, Russia and OPEC’s member decided to diminish production of oil in order to support global prices. Manturov said that the formation of such kind of organization for aluminium industry is at the first stage of proposal and involvement of industry ministers “would be enough". The minister said, "What is more important is that all governments, which are the main producers and exporters of primary aluminium, agree on...
LME aluminium closed higher at US$1,907 per tonne on Monday, February 27 breaking support at US$1,900 per tonne. The 1.67 per cent rise from its previous day's closing of US$1,877 per tonne marks the highest in last one week, when the metal traded in the range of US$1,860-1,880 per tonne. The contract underperformed in Asian trading hours than it in European Trading hours, affected by weak Shanghai aluminium prices. Shanghai Metals Market (SMM) in its forecast said LME aluminium will test US$1,900 per tonne support and move at US$1,885-1,910 per tonne range on Tuesday, February 28. As on February 27, LME official cash buyer price of aluminium stands at US$1,907 per tonne, cash seller & settlement price is US$1,908 per tonne, 3M buyer price is US$1,905 per tonne, 3M seller price is...
The Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan announced on 27 February in Jakarta that the government has planned to take over the management of PT Freeport Indonesia if it wins in the international arbitration tribunal. For that, the government would appoint state-owned aluminium producer PT Indonesia Asahan Aluminium (Inalum). He said, “The government can; we have Inalum.” According to Luhut, PT Indonesia Asahan Aluminium (Inalum) has the capability to take over Freeport management as the company is involved in aluminium smelting in Asahan, North Sumatra. He further emphasized that the company is now ready to lead state-owned mining companies under a mining SOE holding company. Presently, the government is in negotiation with PT Freeport Indonesia over the...
U.S. Senator Rob Portman (R-OH) recently visited Pennex Aluminum Company in Leetonia, Ohio to meet with aluminium manufacturing leaders and workers there and hear out the problems they have been facing in recent times due to rising unfair trade practices Portman commented: “It was a privilege for me to have a town hall meeting with these Ohio workers today about the issues they are concerned about, like jobs, the rising cost of living and the threat of unfair imports,” “Unfortunately, aluminium manufacturers like Pennex have been hit from all sides by dishonest trade practices like illegal dumping by China. Ohio workers like these are the reason why I authored the Leveling the Playing Field Act, helped pass the ENFORCE Act, and have advocated for Ohioans in dozens of trade cases.” “I’m...
Century Aluminum Company reported a net loss of $168.5 million for Q4 2016 in comparison to the net loss of $43.1 million in Q4 2015. Results were negatively impacted by a $152.2 million impairment charge related to the Helguvik project in Iceland and $6.9 million charge related to discrete tax items. The fourth quarter adjusted net loss was $11.5 million. The loss was partially offset by a favourable $2.1 million market inventory adjustment. Total sales value dropped from $383.9 million in Q4 2015 to $339.8 million in Q4 2016. The company shipped 183,210 tonnes of primary aluminium for Q4 2016 compared with 211,710 tonnes shipped in Q4 2015. The decrease in sales and shipment volume was primarily due to capacity curtailment that took place in Q4 2015. Net cash provided by operating...
