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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According to the latest InfraCircle update, India's ministry of mines is likely to announce its decision in favour of imposing minimum import price (MIP) on aluminium. The state-run engineering consultancy firm Mecon recently submitted a report to the ministry recommending imposition of MIP on primary aluminium to guard the domestic producers of the metal agianst cheap imports from China and the Middle East. The firm is readying to submit a second report stating facts from the downstream industry's point of view. “We had detailed discussions over the first report of Mecon during the past few days. It has been decided that the ministry of mines may suggest MIP on primary aluminium products and we are soon going to write accordingly to the ministries of finance and commerce to take...
The major global aluminium events get over before the holidays start. The month of December still has some major aluminium events that take place mostly in the Asian subcontinent. The warmer climate makes it more apt for the westerners to visit this part of the world and mix work and pleasure. The aluminium events will offer ample opportunities for networking and marketing and mine business opportunities in the fastest growing aluminium industry in Asia. Here are a few key industry events that are worth visiting during the last month of 2016. 1. ALUCAST 2016 Date: 1st – 3rd December, 2016 Location: Bangalore, India ALUCAST 2016 is India’s biggest exhibition for the Aluminium Die Casting Industry. This biennial event has emerged as the meeting place for the stakeholders across the...
A fault on the Victorian transmission network on November 30 cut power to the potlines of Alcoa’s Portland smelter for more than five hours. Alcoa as a result has curtailed production at one of the potlines at its smelter to ensure safety of the workers. "Efforts are focused on maintaining production in the smelter's second potline," the company statement said. "It is too early to speculate on the full impact of the power outage, or on how long it may take to restore normal operations," the statement added. Minister for Industry and Employment, Wade Noonan said he had been assured there would be no impact on the workforce because of the accident. It is to be noted that the Victorian Government recently refused to renew the 20-year power subsidy to the smelter that expired on October 31....
Mining major Vedanta resources plans to invest INR 150 to 200 billion ($2.93 billion) over next three years to expand its alumina and aluminium producing capacity in Odisha, India, according to a statement made by Anil Agarwal, chairman of Vedanta Resources Plc. on the inaugural day of the ‘Make in Odisha’ conclave, one of the biggest events highlighting investment in the state. The state government also confirmed that it got investment proposals in excess of INR 60,000 crore. The company has already expressed its intention to expand the capacity of its Lanjigarh alumina refinery to 5 million tonnes from the current 2 million tonnes and simultaneously raise the capacity of its Jharsuguda aluminium smelter to 2 million tonnes. The London listed firm has working on their plan to expand the...
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LME Aluminium is edging higher. After the Organization of Petroleum Exporting (OPEC) Countries reached a consensus to cut production by 1.2 million barrels a day starting in January 2017, yesterday, the metal investors took a cue and moved money into the commodity markets making industrial metals rise across the board. Crude being a key asset and the main benchmark for energy prices is expected to keep the prices of the metals buoyed at least for the short term. Higher energy prices signify higher logistics cost and higher cost of production, especially for energy-intensive metals like aluminium. LME aluminium closed at US$1,724/mt, up 0.11% from the previous day closing of US$1,722/mt. The contract is expected to fluctuate between US$1,710-1,745/mt on Friday, December 2, says Shanghai...
A U.S. judge on Wednesday threw out the last vestiges of private litigation over alleged aluminum price-fixing, dismissing lawsuits by Eastman Kodak Co, Fujifilm Holdings Corp, Reynolds Consumer Products and three other plaintiffs. U.S. District Judge Katherine Forrest in Manhattan on Oct. 5 dismissed nationwide litigation in which purchasers accused Goldman Sachs Group Inc, JPMorgan Chase & Co, mining company Glencore Plc and others of conspiring from 2009 to 2012 to boost prices by reducing supply. Forrest later agreed that the other six plaintiffs were entitled to have their claims considered separately because they had filed their own lawsuits. But she said those claims must also fail because there was no proof that the defendants engaged in anticompetitive conduct outside the...
India is a net exporter of aluminium. At the same time, the country imports a large volume of aluminium to use in different downstream applications in the automotive, construction and defence sector. Imports now account for 56 per cent of domestic demand. The import is mostly driven by lower cost as imported aluminium is cheaper than domestically produced aluminium. {newsStudioGallery} Imports of aluminium alloys stood at 189317 tons in 2014. The volume increased slightly to 207375 tons in 2015. In 2016, the aluminium alloy import is estimated to increase to 243393 tons. The data shows a constant rise in import of aluminium alloys. The imports are mainly driven by UAE and China. In the year 2014, India imported 30588 tons of aluminium alloys from UAE. The import from UAE had an upward...
The Aluminum Association announced today the addition of three new member companies – Cerro Wire LLC, Granges Americas Inc. and Reynolds Consumer Products. The companies join the Association as producer members – firms that make or fabricate aluminum products. Additionally, Matt Aboud, President of Hydro Aluminum North America was recently approved as a member of the Executive Committee, a subset of the Board of Directors which provides strategic guidance directing all Aluminum Association programs and activities. “As we continue to chart a sustainable course for the domestic aluminum industry, we’re pleased to bring in these new voices to help us tell the industry’s story,” said Garney Scott, President & CEO of Scepter and Aluminum Association Chairman. “During a time of both opportunity...
LME Aluminium price fall finally took a hiatus with the OPEC members reaching consensus on oil output cut on Thursday. The contract which traded at around US$1,722/mt on Tuesday, closed at US$1,722.50/mt on Wednesday. On Thursday, December 1, LME aluminium price will move in the range of US$1,725-1,745/mt, foresees Shanghai Metals Market. LME official opening stocks of aluminium, as on November 30, stands at 2155050mt, total Live Warrants is estimated at 1388225mt and Cancelled Warrant is recorded at 760925mt. In China, aluminium traded on Shanghai Metal Exchange opened with losses. The contract after closing at US$2,029/mt on Wednesday, opened at US$2,022/mt on Thursday, December 1. On Wednesday, aluminium traded on Shanghai Futures Exchange- SHFE 1702 aluminium started at RMB 13,335/mt...
As reported by Recycling Today, Alcoa Corporation, Cleveland, has unveiled Sustana, its newest aluminium product, at the Aluminium 2016 exhibition in Dusseldorf, Germany. The new sustainable product line, which is manufactured with low carbon emissions and more recycled content would cater to customer demand for sustainable aluminium products. The product would help companies to cut carbon footprint along their complete supply chain. As explained by Alcoa, the Sustana series has two prime products: 1. Ecolum – This is a primary aluminium ingot produced with energy from hydro-powered aluminium smelters specified by less than 2.5 metric tons of carbon per metric tons of aluminium. The product is characterised by an estimated 75% better carbon impact, than the industry average. Alcoa says...
LME aluminium is continuing its downward trend. After staging a temporary reversal on November 24, when it touched US$1,774/mt, the contract took a sharp south-bound turn and has been declining since then. It closed at US$1,722/mt after Tuesday's night trading, down 2.51% from the previous closing of US$1,766.50/mt on Monday. The contract will test the 40-day moving average on Wednesday and is expected to move between US$1,700-1,725/mt, forecasts Shanghai Metals Market. LME official 3M Buyer price as on November 29, stands at US$1,723.5/mt, 3M Seller price is US$1,724/mt, Dec1 Buyer price is US$1,738/mt and Dec1 Seller Price is US$1,743/mt. LME official opening stocks is estimated at 2158275mt. As on November 26, LME Aluminium US Premium stands at US$170, LME Aluminium West-Europe Premium...
According to the report from the International Aluminium Institute and the Aluminum Association, the annual rate of global primary aluminium production was at 58.9 million tonnes during October 2016. This records a drop of 2.3 per cent from the September 2016 rate of 60.2 million tonnes. The increased rate in September was due to the restarted capacity and new capacity extension in China in September which slowed down in October. Actual monthly production in North America (U.S. and Canada) was up 3.7 per cent in October MOM, but down 10.5% YOY. Production in China for October was up 1.9% Y/Y, but down 1.9% YTD. ROW actual production stood at 1.92 million in October, up 3.4% YOY. On a YTD estimate for 2016, actual global production stood at an estimated 48.0 million tonnes, a slight drop...
Aluminium futures traded on India's Multi Commodity Exchange edged higher at INR 119 per kilogram today, up 0.29 per cent from the previous close. The uptick in demand at the spot market was caused by speculators creating fresh positions. Aluminium for delivery in November inched higher by 0.29 per cent (35 paise) to INR 119 per kg on MCX, in a business turnover of 920 lots. MCX aluminium price for delivery in December stood higher at INR119 per kg, up 0.29 per cent (25 paise), in a business turnover of 443 lots. Fresh position built up by the market participants, driven by increase in demand from the end user industries in the spot market, mainly led to rise in aluminium prices at futures trade. On LME, aluminium closed at US$1,766.5/tonne after Monday's night trading. On SME, the...
ALUMINIUM 2016- the 11th World Trade Fair & Conference begins in Messe Düsseldorf, Germany. The mega aluminium industry event, to be held from November 29- December 1, is being organized by Reed Exhibitions Deutschland GmbH and Project ALUMINIUM. Around 1,000 exhibitors from across the entire aluminium industry’s supply chain- right from raw material along semi-finished and finished products up to machines, structural works, facilities, supplies and surface treatment, are expected to congregate at the trade show making it the global market place for the industry just like its previous editions. At ALUMINIUM 2016, exciting and sustainable themes will be represented in different pavilions – for all industries from automotive, transport, aerospace, building and engineering, shipbuilding,...
Saudi Arabia’s King Salman is scheduled to inaugurate a $35 billion minerals and commodities complex called ‘Ras Al Khair’ in the Eastern Province on Tuesday November 29, according to a report by Saudi Gazette. This would be one of the most ambitious industrial city projects in the Gulf region. Ras Al Khair took 10 long years to complete and the complex is expected to play a key role in Saudi’s effort to divert the economy towards key non-oil industries. The project is a part of the kingdom’s Vision 2030 economic diversification strategy. Saudi Arabia has an objective to build the entire industrial value chains locally to develop a complete industry and the kingdom being the home for integrated mining company Maaden’s integrated aluminium and phosphate operations helps in the development....
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LME aluminium after diving overnight on Monday moved above the 10 and 20-day moving averages to close at US$1,766.50/mt. The price fall was in tandem with other base metal futures traded on the exchange. The US long-term government treasury rate increased over market expectations of a possible Fed rate hike later this year. As a result, dollar index rose forcing capital out of the emerging markets. The strengthening dollar, in turn, put downward pressure on the base metal prices thereby reining in their bull run. As per SMM forecast, LME aluminium will move between US$1,730-1,760/mt on Tuesday, November 29. The 3-month buyer price of aluminium as on November 28, stands at US$1,768/mt. The LME official opening stock is estimated at 2131750mt. The People’s Bank of China raised capital cost;...
Qatari aluminium firm Qatalum is the recipient of the ‘Environmental Excellence Award’ bestowed by the Gulf Aluminium Council. The award was made during the Arab International Aluminium Conference (Arabal 2016) held last week in Dubai. According to local media, the award is in recognition of the firm’s “continual effort” to observe good environmental stewardship by using advanced technologies to lessen the environmental impact of its industrial operations. “Arabal is a significant platform for Qatalum to highlight the company’s vision and aspirations, as a leading global smelter supported by advanced technology, and an ongoing commitment towards environment preservation,” explained Qatalum CEO Khalid Mohamed Laram. “By participating in such events, Qatalum aims to promote the industrial...
Positions of LME aluminium increased throughout last week and found a support at lows. After a constant rise the contract closed at its week’s highest at US$1,774/mt on on Thursday. However, on Friday, November 25, LME official cash price of aluminium dropped to settle at US$ 1,751/mt. The 3-months buyer price stands at US$1,751/mt; and the 3-months seller price stands at US$1,752/mt. The LME official opening stock of aluminium stands at 2131750 tonnes and total Live Warrants are estimated at 1356175 tonnes. LME Asian Reference Price of aluminium (3-months ABR) as on November 25 is estimated at US$1754.93/mt. LME aluminium is expected to move between USD 1,750-1,780/mt on Monday November 28. On the premiums side, the LME US premium contract closes at US$160/mt, higher than European or...
