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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LME aluminium advanced on Thursday closing at US$1,839 per tonne after night trading even though dollar firmed up against the Japanese yen. The rise registered was 0.98 per cent from the previous day's closing of US$1,821 per tonne. Shanghai Metals Market (SMM) forecast says the contract will trade closely with the dollar and range between US$1,845-1,865 per tonne on Friday, February 10. As on February 8, LME official cash buyer price of aluminium stands at US$1,820.5 per tonne, cash seller & settlement price is US$1,821 per tonne, 3M buyer price is US$1,840 per tonne, 3M seller price is US$1,840.5 per tonne, Dec1 buyer price is US$1,895 per tonne, and Dec1 seller price is US$1,900 per tonne. The current LME official Opening Stock of aluminium is estimated at 2254650 tonnes, total Live...
Norsk Hydro has reported its forth quarter 2016 results. Hydro's underlying EBIT increased to NOK 1,829 million in Q4 from NOK 1,477 million in Q3 2016. The rise was due to higher realized alumina and aluminium prices, slightly offset by seasonally higher costs and lower aluminium product sales. Hydro expects healthy demand for aluminium and aluminium products, forecasting global primary demand growth at 3-5 % in 2017. Commenting on the results, Svein Richard Brandtzæg, President and CEO of Hydro said, "Demand for aluminium remains firm and prices have increased, contributing to a solid quarter for Hydro. I am particularly pleased to see more and more car producers choosing aluminium for light-weighting and climate purposes. I am eager to see our new Rolled Products automotive line in...
Aluminium exports by the Russian Federation increased last year totalling 3,481,400 tonnes, reported the State Customs Committee of the Russian Federation. Aluminium, as per 2015 Custom data, represents the fourth highest dollar-valued export commodity (valued at US$6.9 billion) constituting 2.1 per cent of the total exports from Russia. Over the last three years, aluminium export market has remained fairly unchanged with little impact noted from the surge in aluminium supply from China which has added to the worries of other primary metal producers across the world. {newsStudioGallery} According to the export-import data gathered from the Federation's major ports, the country exported 3.56 million tonnes of aluminium (both alloyed and non-alloyed ingots) in 2015, which increased 0.84 per...
LME aluminium recovered from its recent lows to climb higher on Wednesday, January 8. The contract closed at US$1,821 per tonne after yesterday's night trading, up 0.66 per cent from the previous day's closing of US$1,809 per tonne. Shanghai Metals Market forecast says LME aluminium will hover at highs in the near term and test US$1,850 per tonne on Thursday, January 9, moving in the range of US$1,840-1,860 per tonne. As on February 8, LME official cash buyer price of aluminium stands at US$1,820.5 per tonne, cash seller & settlement price is US$1,821 per tonne, 3M buyer price is US$1,840 per tonne, 3M seller price is US$1,840.5 per tonne, Dec1 buyer price is US$1,895 per tonne, and Dec1 seller price is US$1,900 per tonne. The current LME official Opening Stock of aluminium is estimated...
The global aluminium market ended in a marginal deficit of 970,000 tonnes during the first eleven months of 2016, revealed data published in the latest report of the World Bureau of Metal Statistics (WBMS). In 2015, the deficit amount was recorded at 551,000 tonnes. The stocks of the metal, at the end of the review period, stood at 2,644 kilo tonnes. The total aluminium demand grew marginally by 68,000 tonnes to total 53.58 million tonnes during January to February 2016. China, as expected, led the demand engine, thanks to its ever expanding end user markets. Aluminium demand in the EU-28 also rose by 409 kilo tonnes year-on-year during the initial eleven months of 2016. Based on the latest available aluminium production capacity data, here we provide the list of top 5 primary aluminium...
Bosnian aluminium smelter Aluminij on Monday, February 6, proclaimed that the company has proposed to the state-level government to put an end to the import tax on unalloyed aluminium in order to reduce cost of production and boost productivity. The company said, "Currently, no one is importing unalloyed aluminium so funds are not being raised. If the state were to abolish its customs duty on this material, Aluminij could be the engine of economic development in Bosnia." According to company, Aluminij smelter could melt 25,000 tonnes of unalloyed aluminium per year utilizing fuel gas substituting electricity. With the implementation of this, Bosnian aluminium smelter will raise its production output by 30 per cent as well as secure the state extra $50 million in exports. Recently, Bosnian...
LME aluminium rose for a day on Monday only to give in to the downward pressure of a strengthening dollar on Wednesday, January 8. The contract ended at US$1,809 per tonne after Tuesday's night trading, down marginally by 0.16 per cent from the previous day's closing of US$1,812 per tonne. Shanghai Metals Market (SMM) forecast says LME aluminium will range between US$1,820-1,835 per tonne on Wednesday. As on February 7, LME official cash buyer price of aluminium stands at US$1,808 per tonne, cash seller & settlement price is US$1,809 per tonne, 3M buyer price is US$1,823 per tonne, 3M seller price is US$1,824 per tonne, Dec1 buyer price is US$1,872 per tonne, and Dec1 seller price is US$1,877 per tonne. The current LME official Opening Stock of aluminium is estimated at 2249125 tonnes,...
India's Navaratna public sector undertaking National Aluminium Company Ltd (Nalco) has signed a Memorandum of Undertaking (MoU) with Neelachal Inspat Nigam Limited (NINL) for establishing a joint-venture coal tar pitch producing company. The move is in line with the State owned aluminium major's revised business strategy of investing in backward integration in order to sustain its aluminium smelting business. The plan involves establishment of a coal tar distillation plant using raw material produced by the domestic steel producer's coke oven plant located in Odisha's Kalinganagar industrial town. The plant has an annual capacity of 1.1 million tonne. Source: Nalco Commenting on the development Nalco’s chairman and managing director Dr. Tapan Kumar Chand said, “The agreement is part of...
According to Aluminium Highlights published by the Aluminum Association, domestic U.S. and Canadian producers shipped an estimated 1,712 million pounds of aluminium (including export) during December 2016. It registers a 1.9% drop from the December 2015 total of 1,746 million pounds. Shipments of aluminium mill products in December dropped 2.8% from the previous year to 1,110 million pounds. For the full year, mill product shipments were slightly down from 2015. Shipments of aluminium ingot for castings, exports and destructive uses decreased by four-tenths of 1% YOY in December. For the full year, the amount increased 5.8% over 2015. Preliminary producer shipments in 2016 totalled 23,422 million pounds, registering a 1.6% increase over last year. December inventory levels totalled an...
The dollar gave up its earlier gains against Japan's yen and the euro after key U.S. jobs data was released last Friday. President Trump's newly elected office is yet to publish the details of tax reduction and government expenditures. This, along with the market worries toward global trade and exchange rate of the U.S. dollar has weighed down the dollar index sending LME aluminium prices up from their current lows. The contract closed at US$1,812 per tonne after Monday's night trading, up 0.22 per cent from the previous day's closing of US$1,808 per tonne. Shanghai Metals Market (SMM) forecast says LME aluminium will move in the range of US$1,820-1,840 per tonne on Tuesday. As on February 6, LME official cash buyer price of aluminium stands at US$1,811 per tonne, cash seller & settlement...
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Global Industrial Resources (GIR), a leading trading company supplying various technical products to Aluminium, Cement, Steel, Petrochemical and downstream industries, is set to offer its variety of exclusive aluminium products for exhibition at the Gulf Industry Fair (GIF) 2017 in Bahrain on February 7. Ali Najjar, vice chairman and managing director of GIR, said that GIF’s platform helps to promote Bahrain’s industrial capabilities on a global scale. This effort will help GIR in promoting the company’s repute as a regional supplier of aluminium products. He said, “We will be using GIF’s platform to promote our exclusive range of aluminium based products developed for aluminium pot lines, aluminium cast house and carbon plants.” The GIR Group leads three subsidiary companies that have...
The U.S. dollar index has been gaining in strength over the past week. On Friday, February 3, it surrendered its gain but that could do little to buoy aluminium prices up. LME aluminium dropped further to close at US$1,808.50 per tonne after Friday's night trading, down 0.24 per cent from previous day's closing at US$1,813 per tonne. The contract is expected to range between US$1,850 per tonne on Monday. As on February 3, LME official cash buyer price of aluminium stands at US$1,808 per tonne, cash seller & settlement price is US$1,808.5 per tonne, 3M buyer price is US$1,815 per tonne, 3M seller price is US$1,815.5 per tonne, Dec1 buyer price is US$1,858 per tonne, and Dec1 seller price is US$1,863 per tonne. The current LME official Opening Stock of aluminium is estimated at 2263025...
Aluminium premiums in the U.S. market are logging an upward trend. They picked up last month in tandem with the rising aluminium prices and are now hovering at US$0.09 per pound. The recent surge in the metal imports is found to be supporting the premiums hike, says MetalMiner in the recent analysis. For aluminium buyers in the U.S. market, the "all-in aluminium price" can be factored in two components: the aluminium price and the regional aluminium premiums. The latter part is basically a surcharge that consumers have to pay in addition to the prevailing market prices in order to expedite delivery of the metal stock from warehouses. Source: MetalMiner IndX LME aluminium prices have risen from their lows in 2015 and 2016 to a moderately high of US$1,8 70 per tonne- the highest in January,...
The delegation of the European Union circulated a communication to the delegation of China, the delegation of the United States and to the Chairperson of the Dispute Settlement Body officially requesting to join the WTO consultation launched by the US on Chinese subsidies to producers of primary aluminium. As noted by the EU, “the request for consultations relates to subsidies provided by China to its producers of primary aluminium. The EU is a major global exporter of aluminium and aluminium products. Between 2013 and 2016, the EU has exported worldwide more than 11 million tonnes of aluminium and aluminium products, valued at approximately 40 billion Euros. The subsidies provided by China to its primary aluminium producers may have a substantial impact on the price of primary aluminium...
The U.S. dollar index failed to gain any significant ground after its continuous fall. The LME aluminium contract dipped by 0.27 per cent to close at US$1,813 per tonne after Thursday's night trading. As seen by Shanghai Metals Market, LME aluminium price will test the 10-day moving average on Friday and will move at USD 1,820-1,840/mt.,February 03, Friday. As on February 02, LME official cash buyer price of aluminium stands at US$ 1812.5 per tonne, cash seller & settlement price is US$ 1813 per tonne, 3M buyer price is US$ 1821 per tonne, 3M seller price is US$ 1821.5, Dec1 buyer price is US$1,862 per tonne, and Dec1 seller price is US$1,867 per tonne. The current LME official Opening Stock of aluminium is estimated at 2269900 tonnes, total Live Warrants is 1644975 tonnes, and Cancelled...
Aluminium demand in the European market is on the rise. Fuelled by carmarkers that are increasingly using aluminium, consumption of the lightmetal has been rising in the U.S. and Europe. There is no gainsaying the fact that aluminium glut is worsening globally- China singlehandedly driving the supplying surplus; yet, Norsk Hydro, one of Europe’s largest producers, insists that a surplus of up to 1.5m tonnes of aluminium in China this year will be offset by a deficit elsewhere in the world and steady demand. The Netherlands with a developed domestic downstream aluminium industry remains a key consumer of primary aluminium in Europe. It is home to some of the biggest manufacturers of aluminium extruders such as Hydro-Sapa. To cater to the domestic demand, it imports a substantial volume of...
Tajik Minister of Economic Development and Trade Negmatullo Hikmatullozoda announced at a news conference on 31 January that Tajikistan is planning to increase primary aluminium production to 179 thousand tons in 2017. Tajikistan produced 129.3 thousand tons of primary aluminium last year. In 2015, the company produced 139.1 thousand tons of primary aluminium. The minister said that the production of aluminium in 2017 will depend on the prices and demand for aluminium in the world market. He further stated that the demand for aluminium in Ukraine, Armenia, and Kazakhstan declined last year. The LME price of one ton of aluminium fell from US$ 1,654 per ton in 2015 to US$ 1,605 per ton in 2016. However, it started 2017 positively and hit the highest at US$ 1,870 per ton in January. In...
The U.S. dollar index failed to make a reversal after the much uninspiring Federal Reserve's latest policy meeting. After hitting its worst in 30 years, the currency could recover only a little ground on Wednesday, and that got reflected in LME aluminium price trend. The contract dipped marginally by 0.16 per cent to close at US$1,818 per tonne after Wednesday's night trading. With uncertainty looming over Donald Trump's presidency, it is unlikely that the dollar index will recover soon. This will keep supporting commodity prices at their recent levels. The U.S. gasoline supplies, on the other side, are piling up, and while that might not help drivers much, it could be a negative for the price of oil, says CNBC. Based on the macroeconomic trends, LME aluminium is expected to hover in the...
