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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The Netherlands is one of the twenty largest economies in the world. The country is a top aluminium importer being one of the largest producers of aluminium downstream products. Aluminium has had the third fastest-growing increase in value among the top 10 import categories to the Dutch country. It shows 45.9% growth in the last 5-year period starting in 2011. {newsStudioGallery} As one of the world's fastest growing exporters of industrial products, the Netherlands imports significant amount of aluminium to supply their local industries. Let us analyse the trading patterns for aluminium to understand the market demand and consumption trends. The Netherlands has been following an upward pattern for aluminium import. In the year 2015, imports of aluminium stood at about 1.7 million tons....
The US dollar index after rallying for almost a week now suffered its worst decline on Thursday, February 16, lifting LME aluminium price up by 0.37 per cent. The contract which stood at US$1,871 per tonne on Wednesday down from Tuesday's US$1,893 per tonne, closed higher at US$1,878 per tonne after Thursday's night trading. Shanghai Metals Market (SMM) in its forecast says LME aluminium will hover at US$1,890-1,916 per tonne on Friday, February 17. As on February 16, LME official cash buyer price of aluminium stands at US$1,877 per tonne, cash seller & settlement price is US$1,878 per tonne, 3M buyer price is US$1,891.50 per tonne, 3M seller price is US$1,892 per tonne, Dec1 buyer price is US$1,935 per tonne, and Dec1 seller price is US$1,940 per tonne. The current LME official Opening...
UC RUSAL, the leading global aluminium producer, announces its operating results for the fourth quarter 2016 and full year 2016. As reported in the result, Rusal produced 930 thousand tons of aluminium in Q4 2016, registering a 1.0% growth quarter on quarter. Smelters utilization remained on average at a high of 95% and 94% of the total aluminium output was contributed by Rusal’s Siberian smelters. Aluminium production for the full year 2016 totalled at 3.68 million tons, up 1.1% YoY. The total aluminium sales volume for Q4 2016 stands at 922 thousand tons registering a 6.0% drop QoQ. Out of that, Value Added Product sales contributed 405 thousand tons. Aluminium sales dynamics are dependent on the previous period high base effect and seasonal increase of goods in transit. For the full...
LME aluminium eased out after Wednesday's night trading shedding some earlier gains and closing at US$1,871 per tonne, down 1.16 per cent from the previous closing at US$1,893 per tonne on Tuesday. With the U.S. dollar index trading higher ahead of data, the dip was only but a natural outcome. However, Shanghai Metals Market (SMM) believes the contract will refresh new highs through the trading hours on Thursday, February 16 and will trade at US$1,905-1,935 per tonne. As on February 15, LME official cash buyer price of aluminium stands at US$1,870.5 per tonne, cash seller & settlement price is US$1,871 per tonne, 3M buyer price is US$1,884 per tonne, 3M seller price is US$1,884.5 per tonne, Dec1 buyer price is US$1,928 per tonne, and Dec1 seller price is US$1,933 per tonne. The current...
Indian aluminium consumption is poised for a big leap in ten years from now. Predicted to reach 8 million tonne (MT) from the current 3.2 MT, driven by sectors like electricity, automobiles, building & construction and packaging, it requires a concerted effort from the industry towards meeting cost and environmental challenges- the bigger challenge being optimization of the use of energy from various sources while ensuring lower greenhouse gas emission for the sake of sustainability. Indian aluminium producers till date have relied largely on thermal power for their smelting operations. The Energy and Resources Institute (TERI) in its recently published report says current installed capacity of power generation and the capacity under construction would be able to meet the country’s power...
LME aluminium has edged higher. The contract rose by 1.36 per cent on Tuesday from the previous day's closing of US$1,867.50 per tonne, to close at US$1,893 per tonne after night trading. However, Shanghai Metals Market (SMM) in its analysis said, the growth in LME aluminium was restrained by the hawkish demand projected in the speech of the US Federal Reserve Chairwoman Yellen. According to their forecast, the lightmetal contract is expected to challenge US$1,900 per tonne and trade at US$1,880-1,905 per tonne on Wednesday, February 15. As on February 14, LME official cash buyer price of aluminium stands at US$1,892 per tonne, cash seller & settlement price is US$1,893 per tonne, 3M buyer price is US$1,900.50 per tonne, 3M seller price is US$1,901 per tonne, Dec1 buyer price is US$1,943...
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India's navaratna public sector undertaking National Aluminium Company Limited (Nalco) today announced its financial results for the third quarter ended 31st December 2016. The company's standalone net profit declined 2.67 per cent to stand at INR143.92 crore (up from INR121 crore in the preceding quarter). Nalco had clocked a net profit of INR147.88 crore in the corresponding period previous year. The total standalone income of the Indian aluminium major, however, logged higher by 14 per cent to total at INR1,988.13 crore in Q4 2016 against INR1,743.09 crore of the same period in 2015-2016 fiscal. The net sales turnover in the 3rd Quarter was INR1848 crore. In third quarter, Nalco has registered EBITDA (before exceptional item) INR361 crore as against INR282 crore in the same period...
Vedanta Limited today announced its unaudited consolidated results for the third quarter (Q3) ended 31 December 2016. The company reported revenues of INR 19,320 crore, up 23% QoQ and up 31% YoY. The company also reports an EBITDA of INR. 6,002 crore, up 29% QoQ and up 83%, YoY. The results show a solid EBITDA margin of 39%, driven by higher commodity prices and aluminium volume ramp-up. Vedanta also reports a free cash flow of INR 1,801 crore, driven by strong operating performance and gross debt reduction of INR 1,828 crore and net debt reduction of INR. 447 crore during the quarter. The company reports a strong financial position with total cash and liquid investments of INR 53,452 crore. The aluminium smelters continue the ramp-up operations and the third line of the 1.25 mtpa...
GE and Aluminium of Greece (AOG), a Mytilineos Group subsidiary, yesterday signed a 10- year contract in Dubai, the United Arab Emirates to create the world’s first-of-their-kind digital smelter solutions to improve AOG’s aluminium smelting process and help the company to drive additional output and efficiency while reducing raw material consumption, energy consumption, and pot leakages. The digital solutions will be created by GE’s teams in the US and the UAE and the facility that the solutions will be implemented is located in Agios Nikolaos, Viotia, Greece. GE’s digital solutions for aluminium smelting are powered by Predix, GE’s operating system for the Industrial Internet. The digital solutions for smelting process will set a benchmark in the aluminium industry. Dimitris Stefanidis,...
LME aluminium is continuing its uptrend. Even as the US dollar firmed up following the successful summit meeting between Japan's Prime Minister Shinzo Abe and Donald Trump the lightmetal traded on LME has shown little signs of decline. The contract after opening lower on Monday, February 13, gained strength and closed at US$1,867.50 per tonne after night trading, up one per cent from the previous closing of US$1,849 on Friday, February 10. Shanghai Metals Market (SMM) in its forecast said, LME aluminium will hover at US$1,860-1,900 per tonne on Tuesday, February 14, with mixed factors. As on February 13, LME official cash buyer price of aluminium stands at US$1,867 per tonne, cash seller & settlement price is US$1,867.50 per tonne, 3M buyer price is US$1,871 per tonne, 3M seller price is...
Hindalco Industries, the Aditya Birla flagship company reported a net income of INR 320.56 crore in Q3 2017 against a loss of INR 32.49 crore YOY, driven by strong operational performance and recovery in aluminium prices. Revenue during the quarter grew by 13.8% to INR 9,914.8 crore compared with INR 8,715.9 crore YOY, driven by increase in average realisation for both copper and aluminium, higher aluminium volumes, supported by weak rupee. Operating profit increased 75.5% to INR 1,185 crore and margin expanded by 420 basis points to 11.9 % compared with year-ago quarter, majorly aided by aluminium business and lower power & fuel cost that dropped 13.2% to INR 1,429.5 crore. Other income, which also boosted bottom-line, increased 20% YOY to INR 220 crore while tax expenses for the quarter...
Aluminium Bahrain B.S.C (Alba) presents its financial results as per the International Financial Reporting Standards (IFRS) accounting rules. Alba’s Financial Results for Full-Year 2016 are summarised below: Alba Q4 Highlights • Alba posted 2016 Q4 Net Income of US$ 37 million compared to a Q4 2015 Net Loss of (US$ 42 million) • Alba 2016 Full Year Net Income reached US$ 129 million • Record breaking-year with production surging to 971,420 metric tonnes • 2016 another year of exceptional Safety Performance 2016 Industry Highlights • Demand growth for aluminium remains healthy with world consumption at 59.6 million metric tonnes (mt) and up by 5% YoY . Asian demand rose by 7% YoY supported by consumption in China ( +5% YoY ). MENA demand continues to be strong (+6% YoY), driven by Saudi...
The upward momentum in LME aluminium stands intact even in this week. The light metal was last traded at US$1,848 per tonne during Friday's night trading, up 0.54 per cent from the previous day's closing of US$1,839 per tonne. Shanghai Metals Market (SMM) in its forecast says LME aluminium will test the previous highest level and trade at US$1,865-1,885 per tonne on Monday, February 13. As on February 10, LME official cash buyer price of aluminium stands at US$1,848 per tonne, cash seller & settlement price is US$1,849 per tonne, 3M buyer price is US$1,857.5 per tonne, 3M seller price is US$1,858 per tonne, Dec1 buyer price is US$1,905 per tonne, and Dec1 seller price is US$1,910 per tonne. The current LME official Opening Stock of aluminium is estimated at 2231300 tonnes, total Live...
Production at Australia’s Tomago aluminium smelter has been temporally halted by AGL Energy in order to cut down electricity load as the people of New South Wales have been notified of severe state blackouts across the state. AGL Energy said that the company would curtail electricity consumption at the Tomago Aluminium Smelter to minimize pressure on the power grid. On Friday, NSW residents were asked to reduce electricity consumption due to heat wave. This could avoid mass blackouts in the state. The Tomago aluminium smelter in Newcastle accounts for 10 per cent of the state's electricity consumption. AGL Energy has sent curtailment notice to the aluminium smelter prior to shut down of the plant. An AGL spokeswoman said. "The commercial agreement … exists to give flexibility to AGL to...
LME aluminium has been on an uptrend for better part of the week (February 6 - February 10, 2017) as dollar was weaker before Trump-Abe meeting. The U.S. currency hit 10-day high on Friday. While the market has to wait till start of trading hours on Monday next week, it is time we take a look back at how the week has been for the lightmetal traded on LME. LME aluminium price stood at US$1,812 per tonne on Monday, February 6, from where it gradually took off to close at US$1,839 per tonne after Thursday's night trading. The weekly rise in price was registered at 1.49 per cent rate. With dollar regaining strength towards end of the week, it is almost likely that the metal will move at a tight trading range. LME official cash buyer price of aluminium rose from US$1,811 per tonne on Monday,...
The past week saw two of the biggest aluminium producers of the world- Norsk Hydro and Rio Tinto announcing their financial results for the fourth quarter and full-year period of 2016 ending December 31. While Hydro’s EBITDA for fourth quarter of the last fiscal rose to NOK 1,829 million (up 23.8% quarter-on-quarter), and Rio posted record annual production across all its verticals in the Aluminium group. Rio Tinto produced a total volume of 3,646,000 tonnes (3.64 million tonnes) of aluminium in 2016, up 10 per cent from the previous year. Hydro’s primary aluminium production in the Q4 totalled 526 kilo tonnes and for the full year stood at 2.085 million tonnes up from 2.046 tonnes in 2015. Underlying EBIT for primary metal declined somewhat in Q4, but was largely offset by higher...
The leading global mining and metals group Rio Tinto reported strong operational performance in Aluminium with production soaring high across all three verticals (bauxite, alumina, and aluminium) in comparison to that recorded in 2015. Annual production record for primary aluminium was set in all smelters, including the recently reopened Kitimat aluminium smelter in British Columbia. Rio Tinto produced a total volume of 3,646,000 tonnes (3.64 million tonnes) of aluminium in 2016, up 10 per cent from the previous year. The group's total underlying earnings was estimated at US$947 million, down 15 per cent from 2015. Rio Tinto attributed the decline primarily to the commodity market downturn and lower prices, which together weighed on earnings by US$507 million. However, through a better...
Indian government said yesterday that the centre is considering taking further actions in order to protect the interests of the domestic aluminium industry without affecting the interests of downstream industries. A Parliamentary Panel explained, "The mines ministry is again considering to take further steps for the survival of the aluminium industry. For this purpose, several meetings have been held with the representatives of primary producers of aluminium as well as secondary producers of aluminium/downstream industries." The Twelfth Report of the Committee on Public Undertakings on National Aluminium Company Ltd (Nalco) comprised observations/recommendations on the current industry situation worsened by the increased inflow of cheap aluminium imports. In the 2016-17 Budgets, finance...
