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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ALUMINIUM of GREECE (AoG), a MYTILINEOS Group subsidiary carried away two awards during the Health & Safety Awards 2016 event organized by Boussias Communications. ALUMINIUM of GREECE is currently Europe’s most modern vertically integrated alumina and aluminium production and trading plant. The award ranks the company among Greece’s leading promoters of health and safety at the workplace. AoG won the first prize for Implementation of the “Health & Safety at work” thematic Consultation with its Stakeholders in the “Alumina and Aluminium Production & Trading” category. The company won the gold award for its “Right Hemisphere” Employee awareness-raising communication campaign on Health and Safety in the “Activities” category. The thematic Consultation enabled the company to interact with...
LME aluminium is trending higher. The contract having risen for six days at a stretch is slated for a further rise as U.S. Dollar turned lower after Trump conference failed to throw light on the details of fiscal policies. Shanghai Metals Market says LME aluminium will move at US$1,750-1,770 per tonne on Thursday, January 12. As on January 11, LME official cash buyer price of aluminium stands at US$1747.5 per tonne, cash seller & settlement price is US$1748.5 per tonne, 3M buyer price is US$1746 per tonne, 3M seller price is US$1,746.5, Dec1 buyer price is US$1,793 per tonne, and Dec1 seller price is US$1,798 per tonne. The current LME official Opening Stock of aluminium is estimated at 2232725 tonnes, total Live Warrants is 1591475 tonnes, and Cancelled Warrant is 652300 tonnes. As on...
AlCircle has been into the business of information dissemination for pretty long and has already become the reference point for the industry as far as news, blogs, events and reports are concerned. We have decided to go a step further in delivering information to our valued users. After creating a digital platform for aluminium industry news, we are now diversifying it to “AlCircle Mobile Alerts” According to the latest statistics, mobile devices are overtaking desktop computers as people’s preferred device to access the internet. Seventy per cent of internet use is now on a mobile device, and the percentage is expected to jump further this year. Getting the right kind of information at the right time is one of the prime criteria in running a successful business. Next stage is to get that...
Indian Navaratna PSU National Aluminium Company (Nalco) announced commercialization of five out of its 29 registered patents, in Odisha on Sunday. The aluminium producer said that it intends to put its nano-based Emrion Technology for de-fluoridisation to use in endemic fluoride contaminated areas for the benefit of common people. Nalco CMD Tapan Kumar Chand, who was attending the inauguration of Nalco Research and Technology Centre (NRTC) at Gothapatana, said, ""Nalco R&D centre has already registered 29 patents of which 5 have been commercialized. Recently, Nalco achieved commercial success with a breakthrough nano-based Emrion Technology for de-fluoridisation, for the first time in the world." "Considering the need for change to ensure sustainability, we have taken up various...
The Australian Ministry has said on Monday January 9 that the government offered "substantial" financial support to Alcoa’s aluminium smelter in Victoria. The aluminium smelter in Victoria was damaged by state-wide power outrage in December that caused molten aluminium to solidify. As a result of the blackout, the production was interrupted in the potline at the 300,000-tonnes-per-year Portland smelter; questions have been raised over smelter’s long term future availability. A negotiations between Australia’s leading energy companies AGL Energy and Alcoa shows that the aluminium smelter may start its full production operations in the future. According to Philip Dalidakis, state minister, "The state's substantial support is aimed at keeping the smelter open and sustainable into the...
Gulf aluminium industry is gearing up for the 5th edition of Aluminium Middle East, the largest event of its kind in the region, slated on May 15-17, 2017 at Dubai International Convention and Exhibition Centre (DICEC). The exhibition is expected to host more than 200 exhibitors from 30 countries and attract over 3,500 industry visitors from over 90 countries. The Middle East posted the second highest YOY aluminium demand growth globally during the first quarter of 2016 at +5.8% contributing significantly to the growing global aluminium demand which is estimated to reach 70 million metric tonnes by 2020. The mega event will showcase how the Middle East is shifting to aluminium as one of the major economy drivers in the post-oil world. “Bringing together key frontrunners of the aluminium...
Fluctuations in LME aluminium are in full swing. The contract kept rising through Tuesday's night trading and ended higher at US$1,757 per tonne, up 2.32 per cent from the previous day's closing at US$1,717 per tonne. Shanghai Metals Market says LME aluminium will likely meet resistance at US$1,750 per tonne and will come down at US$1,730-1,755 per tonne range (still higher from the recent lows) on Wednesday, January 11. The US dollar index, after hitting a two-day low, surged during night trading on Tuesday, and is expected to remain trade bound on Wednesday. According to SMM, the market focus will be on Barrack Obama's farewell speech and Donald Trump's press conference. A strong dollar supported the base metal price rise on the bourse. But volatility in the US dollar index is likely to...
2016 has been a positive year for primary aluminium after a long period of volatility. LME aluminium prices recovered 13.4% in 2016 ending the year with a rate of USD 1714 per ton. The market sentiment on aluminium has improved considerably since the beginning of 2016, when prices hovered at a range of USD 1466 to USD 1500 per ton. Falling supply in China with the closure of capacity and demand growth as the result of China’s infrastructure initiatives supported the price throughout the year. Premiums also settled after falling constantly over the last two years. It’s important to note that aluminum premiums fell steeply in 2015, negatively affecting aluminum producers’ performances. Though we saw some recovery in premiums toward the end of 2016, they’re still far below their 2015 highs....
LME aluminium is in a fluctuating mode. After having risen for four consecutive days, the contract has fallen marginally by 0.29% to close at US$1,717 per tonne after Monday's night trading. According to Shanghai Metals Market's analysis it will move at lows during Asian trading hours on Tuesday, January 10, with Shanghai aluminium but will edge higher during European trading hours. LME aluminium is expected to move at US$1,710-1,730 per tonne on Tuesday. As on January 9, LME official cash buyer price of aluminium stands at US$1,716.5 per tonne, cash seller & settlement price is US$1,717 per tonne, 3M buyer price is US$1,705.5 per tonne, 3M seller price is US$1,706, Dec1 buyer price is US$1,755 per tonne, and Dec1 seller price is US$1,760 per tonne. The current LME official Opening Stock...
According to a Kenanga Research report, Press Metal Bhd is expected to see further earnings growth in 2017, driven primarily by the rising US dollar and stronger aluminium prices. This positive move is also supported by strong demand from Asia ex-China. Aluminium prices recovered about 16% over 2016, to settle at around US$1,733 a tonne. After conversion to Malaysian ringgit, aluminium prices recorded a 21% increase to settle at around RM7,775 a tonne. “Looking ahead, we expect 2017 US dollar aluminium prices to stabilise at the US$1,600 to US$1,800 level with an average of US$1,700/MT,” says Kenanga Research, an analytic firm, in a report last Friday. The research house maintained an “outperform” stand on the Press Metal Bhd stock with a higher target price of RM2.15 from RM1.79...
LME Aluminium is likely to be affected by the oil futures that ended slightly higher on Friday, logging a consecutive fourth weekly gain on speculations that major producers would cut output as pledged. The contract ended at US$1,722 per tonne on Friday, marginally higher by 0.73 per cent than the previous day, and on Monday, it is expected to fluctuate during the Asian trading hours, being affected by Shanghai aluminium futures. Shanghai Metals Market (SMM) says LME aluminium will hover in the range of US$1,705-1,725 per tonne on Monday. As on January 6, LME official cash buyer price of aluminium stands at US$1,721.5, cash seller & settlement price is US$1,722 per tonne, 3M buyer price is US$1,711.5 per tonne, 3M seller price is US$,712 per tonne, Dec1 buyer price is US$1,760 per tonne,...
Aluminium Bahrain B.S.C. (Alba), one of the world’s leading aluminium smelters based in the Kingdom of Bahrain, achieved a record metal production of 971,420 metric tonnes per annum (mtpa) in 2016. Alba’s production figures for 2016 is the highest ever recorded, up by 1.1% YoY as compared to 960,643 mt in 2015. Commenting on Alba’s milestone achievement, Chief Executive Officer, Tim Murray said: “We are proud to be celebrating yet another record in production despite the tough market conditions. Alba has succeeded once again due to the hard work of its people, effective teamwork and commitment to operational efficiency. This achievement is significant because it was accomplished on the back of our high Safety performance and without significant additional capital expenditures, only by...
We have just wrapped up 2016 and are preparing ourselves towards a productive 2017. The year has ended with a positive note for the industry as well as AlCircle. Since, we call ourselves the Virtual Aluminium Ecosystem, AlCircle’s growth story coincides with the growth of the industry. The aluminium industry has continued its growth throughout the year despite the challenging commodity market. Upstream sector is booming in Asia and the End user demand scenario is bullish in North America as well as Europe and the continuous shift of focus towards the downstream sector is expected to bring positive results in 2017. Sustainability and cost management would continue to play a significant role in the aluminium industry. LME aluminium prices are showing signs of settling down after a steady...
Alcoa started 2016 on a 52-week low like any other mining companies and the stock continued with rise and fall throughout the year with the volatile commodity market. During November 2016, after the split into Alcoa Corporation and Arconic and Donald Trump’s election Alcoa saw some upward price movement. In 2017, commodity prices are expected to become a key performance driver for Alcoa, as the company becomes an exclusive commodity producer. Aluminium and alumina are the two commodities that would decide Alcoa’s performance in 2017. In December, a power outage caused molten aluminium in more than 200 smelting pots of Alcoa’s Portland smelter to cool and solidify. The outage followed the expiry of Alcoa's 30-year government-subsidised power contract with power prices set to rise after the...
LME aluminium diverged from falling crude oil prices on Thursday ending marginally higher at US$1,709 from the previous day's closing. Unlike aluminium other base metals fell across the boards as one of the key indicators, crude oil price, lost its overnight surge. Crude oil futures rallied to their highest level in 18 months on Tuesday. Shanghai Metals Market forecast says LME aluminium will test support at US$1,700 per tonne and will hover in the range of US$1,690-1,715 per tonne on Friday. As on January 5, LME official cash buyer price of aluminium stands at US$1,709 per tonne, CASH Seller & Settlement price is US$1,709.5 per tonne, 3M Buyer price is US$1,701 per tonne, 3M Seller price is US$1,701.5 per tonne, DEC1 Buyer price is US$1,750 per tonne, and DEC1 Seller price is US$1,755...
Brazil’s export of unwrought aluminium in 2016 is set to reach its highest since 2013. The country exported about 300,000 tonnes of the metal during January-July, marking a rise of nine per cent over the corresponding period previous year. The higher volumes of exports, which more than offset the drop in shipments from Nippon Amazon Aluminium Co Ltd (NAAC) to Japan, can be attributed to the increased shipments from Hydro controlled Albras and Votorantim’s CBA, observed analysts. The rise in shipments has made Brazil a net aluminium exporter in 2016. {newsStudioGallery} The South American country exported a total volume of 317.9 thousand tonnes non-alloyed aluminium ingots in 2015, which increased 19.5 per cent year-over-year to reach an estimated 379.9 thousand tonnes in 2016. In 2017,...
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LME aluminium dropped marginally on Wednesday to close at US$1,701 per tonne after the day's night trading. The drop, though only 0.05 per cent from the previous day's closing of US$1,702 per tonne, indicates at further short-term fluctuations within the range of US$1,675-1,695 per tonne on Thursday, December 5. Shanghai Metals Market observes, the market focus will be on the analysis of the US Federal Reserve's minutes of meeting held in December and the US’s ADP and PMI to be released on Thursday. As on January 4, the LME official cash buyer price of aluminium stands at US$1,700 per tonne, cash seller & settlement price is US$1,701 per tonne, 3M buyer price is US$1,688 per tonne, 3M seller price is US$1,688.5 per tonne, Dec1 buyer price is US$1,735 per tonne, and Dec1 seller price is...
Aluminium Bahrain B.S.C. (Alba), the Bahrain-based international aluminium smelter, is the proud Gold Winner of the Green World Award 2016 for Environmental Best Practice, which endorses the Company’s long-standing commitment towards protecting the environment not only at the local level but also at the regional and international levels. Alba won the Gold in the prestigious International Green Apple Awards 2015 for its project ‘Aluminium Smelter to Green Oasis’, which was then submitted for the Green World Award for 2016. Commenting on this accolade, Alba’s Chief Executive Officer Tim Murray said: “As one of the leading organisations in Bahrain, Alba has been a keen investor in environmental initiatives that help preserve and protect Bahrain's green environment. Scooping the Green World...
