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 consumption in India is poised to grow from 3.3 million tonne (mt) in 2015-16 to 5.3 mt in 2020-21 riding on a host of government initiatives like, Make in India, Smart Cities, Housing for all, rural electrification, and freight corridors. This was stated in a report titled “Indian Aluminium Industry: Geared for growth,” by Crisil, a global ratings, research, risk and policy advisory and Mtlexs. The report was launched at the World Non-Ferrous Conference 2016. Primary demand for increased consumption is expected to come from the power sector, where aluminium is a cheaper, lightweight substitute for copper in transmission and distribution, the report said. Over the next five years, investments from state discoms and central government schemes totaling INR4.3 trillion are being...
Japanese aluminium buyers will pay a premium of $75 per tonne over the London Metal Exchange (LME) cash price for their shipments in the fourth quarter of this year, says analyst Andy Home of Reuters. The settlement with producers, which will serve as the benchmark for Asian physical aluminium markets, marks a near 20-percent decline from the previous quarterly premium of $90-93 per tonne and is the lowest level since the third quarter of 2009. This is the continuing unwind of the premium bubble that grew out of the load-out queues at LME warehouses in Detroit and the Dutch port of Vlissingen. Japanese users were paying $425 per tonne in the first quarter of 2015, a period which marked the worst of the fracturing of the aluminium price between LME paper and physical premium markets. "We...
According to Reuters, a U.S. Federal judge on Wednesday October 5 finally rejected nationwide antitrust lawsuit by a number of end users accusing banks and commodity companies of working together to drive up aluminium prices by deliberately hoarding metal and controlling supply from 2009 to 2012. Accordingly, the three years of litigation against Goldman Sachs Group Inc, JPMorgan Chase & Co, mining company Glencore Plc, and various commodities trading, mining and metals warehousing companies comes to a close. They alleged that such deliberate hoarding caused delays in delivering order and rise in warehouse storage costs in Detroit and elsewhere, which in turn raised aluminium prices and production costs of producing cabinets, flashlights, strollers and other goods. In August, the 2nd U.S....
Greece's main power utility PPC secured shareholder approval on Wednesday of tariffs the company will charge its biggest client Aluminium of Greece, concluding two years of negotiations between the two companies over power supply prices. PPC, which is 51 percent owned by the state, and aluminium producer Aluminium, owned by energy group Mytilineos, have been embroiled in a decade-long standoff over charges. An arbitration court settled the issue for the 2010-2013 period and the two sides have been in talks since 2014 to bridge their differences by themselves. Agreeing new cost-based electricity tariffs that PPC charges to the country's biggest industries is part of a set of reforms Greece has to conclude to secure fresh loans later this month. The new tariff contract PPC's shareholders...
Aluminium smelters in South Eastern Europe, before all KAP in Podgorica, Montenegro and Aluminij d.d. in Mostar, Bosnia and Herzegovina, are potentially at risk of experiencing higher electricity costs after an undersea transmission cable becomes functional in late 2018. On October 4, ground works officially started on Montenegro’s coast, near the town of Budva (cape Jaz), to prepare infrastructure for an undersea electricity transmission cable to connect southern Italy and Montenegro by end of 2018. Over € 800 million worth of cable will sprawl for 390km under the Adriatic Sea, while an additional 55 km will be on shore (25km in Montenegro). A high-voltage electric interconnection, 1000 MW /500 KV will enable electricity exports (such as ‘’green’’ energy) from Montenegro and surrounding...
Indian ratings agency ICRA said today it maintains not too ambitious outlook for aluminium, at least, in the short term as prices are expected to reflect a range-bound movement hovering around their current levels. Aluminium has been witnessing record low levels in the second half of the last fiscal. It's only very recently that the international prices of the light metal have shown some signs of strengthening. Aluminium prices quoted at London Metal Exchange (LME) have strengthened by around 15 per cent from their respective lows, stated ICRA in a statement. Globally non-ferrous metals markets have remained in deficits in FY2015-16, said ICRA Ratings Senior VP Jayanta Roy. "Although consumption growth of non-ferrous metals in the global market remained muted, there has been greater...
Aluminium Bahrain B.S.C (Alba), a pioneering smelter in the Middle East and one of the world’s leading aluminium smelters, participated in the high-level meeting ‘7th GAC Aluminium Market Update’, which was held today, October 04, 2016 at Sofitel Dubai Downtown Hotel, UAE. Alba’s Chief Executive Officer, Tim Murray, Chief Finance Officer, Ali Al Baqali, Chief Marketing Officer, Khalid Abdul Latif and Acting Director Admin Waleed Tamimi along with other Alba officials were amongst the key attendees of this event. Commenting on Alba’s participation in the 7th GAC Aluminium Market Update, Alba’s CEO Tim Murray said: “Alba is pleased to be a key participant of thefundamentally important Aluminium Market Update by the Gulf Aluminium Council (GAC). It keeps us abreast of the market and economic...
Aluminium is racing ahead of other industrial metals including steel (in some areas) in terms of end use. From swank constructions to spacecraft the light metal is finding a place in every sector in various forms. Yet the metal has been experiencing extreme volatility since the past one year. The scenario is slightly looking up in the recent times but there is still enough headspace for aluminium to make a turnaround. Overproduction from China adding to the global glut is simply not letting the prices go up. Nevertheless, there are still few aluminium stocks which are worth investing in. These are: As per analysts, Century Aluminum stands as the best bet now. The pure-play upstream primary aluminium producer has enough earning prospects. Kaiser Aluminum is a downstream company. Despite...
The Aluminum Association announced an expanded leadership team and additions to its Board of Directors during “Vote Aluminium” – its annual member meeting in Washington, D.C. “This is a pivotal time for the domestic aluminium industry – with tremendous demand side opportunities but also significant challenges on the global trade front,” said Garney Scott, President & CEO of Scepter and Aluminum Association Chairman. “These new additions to the Association’s leadership will be tremendously helpful as we work together toward a sustainable future for the industry.” Marco Palmieri, President of Novelis North America was unanimously elected as the Association’s new Second Vice Chairman. Mr. Palmieri will join Mr. Scott and Michelle O’Neill, Vice President of Government Affairs and Trade Policy...
India may consider imposing a floor price or raise tax on imports of aluminium to protect the domestic industry from the onslaughts of cheap supplies from overseas markets, Mines Secretary Balwinder Kumar said on Tuesday. He said a decision on import duty hike or minimum import price (MIP) on aluminium will be taken within a fortnight. On being asked about the initiatives that are being taken by the government to curb aluminium imports, Kumar said, "We are examining this matter in great depth. Two-three rounds of discussions have taken place with different segments of aluminium industry. So, either we may go for MIP or alternatively to increase the import duty but the main thing is that we want to develop a consensus among different segments of aluminium industry. So, we are working on...
A new study conducted by the Dubai Chamber of Commerce and Industry revealed Brazil is Dubai’s top trade partner in Latin America. Non-oil trade between Dubai and Latin America valued AED17 billion in 2015. Chile ranked as Dubai’s second largest export market in Latin America. The value of Dubai’s exports of crude aluminium to Brazil, for instance, amounted to AED44m and had an RCA exceeding 1,000 per cent. Crude aluminium exports to Mexico, meanwhile, totalled AED53m in value and scored an RCA of nearly 10,000 per cent. Non-oil trade between the two parties makes up 67 per cent of the emirate’s total export and imports from the Latin American region. “Despite the instability unfolding in the global economy – accompanied with dwindling demand – Dubai has succeeded in attracting global...
According to a latest media update, U.S. Senator Charles Schumer pressed the International Trade Commission to take action against the alleged wrong trade practises by foreign metal producers especially China. He is concerned about the "predatory" trade practices damaging the business interest of domestic producers. In a testimony submitted to the Trade Commission on behalf of aluminium producers from New York, Schumer, D-NY, said Chinese producers are actually shipping aluminium through third-party countries to US. This is practised to distort facts so that exports can be passed through as from a different country of origin or to misclassify aluminium exports in order to circumvent U.S. export duties. In addition, he says that Chinese regulators have barred U.S. producers from purchasing...
Aluminium Bahrain B.S.C (Alba), the Bahrain-based international aluminium producer, was a key participant and sponsor of the 31st International Aluminium Conference, which was held from September 27 to 29, 2016 in Madrid, Spain. The 31st International Aluminium Conference is well-known as an international platform for major players in the aluminium industry to review the current challenges as well as potential growth opportunities. A silver sponsor of the conference, Alba’s delegation was headed by Director Reduction Lines & Services Abdulla Habib and Acting Director of Administration Waleed Tamimi and included managers from key departments such as Strategic Supply and Planning, Reduction Lines, Marketing and Maintenance Services. Commenting on Alba’s presence in the 31st International...
Public sector aluminium firm National Aluminium Company (Nalco) has lined up a capital expenditure (Capex) of INR1,021 crore for 2016-17. The Capex would be used for projects like development of Utkal D&E coal blocks, wind power projects of 50 Mw each in Maharashtra and Rajasthan, addition of fifth stream in the existing alumina refinery at Damanjodi, Koraput, a 20 Mw solar power project in Madhya Pradesh and other expansion and modernization activities, said Nalco's chairman and managing director (CMD) T K Chand during his address to shareholders at the company's annual general meeting. Nalco, meanwhile, has completed buyback of shares that was approved by the shareholders in July this year. Post buyback, the paid-up share capital of the company stands reduced to INR966.46 crore from...
Innovation-driven aluminium giant Emirates Global Aluminium (“EGA”) bagged seven awards at the Ideas.America- the leading professional association that assists organisations internationally in idea management. EGA has participated in this annual conference and associated competition since 2002. This year’s awards brings the total number of Ideas.America awards won by EGA in various categories over the years to 43. “Our achievements regularly receive independent recognition through regional and international accolades, confirming the world-class calibre of our people,” says Abdulla Kalban (MD & CEO of EGA), adding that the company has again emerged on the top of the leader board at the 2016 Ideas.America Idea of the Year Competition. All four of the EGA employee shortlisted suggestions to...
In a positive note, aluminium stocks at the five major markets in China namely Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi fell drastically this past one week, an SMM report says. The table below shows the drop in stocks in the mentioned markets. Based on this trend, SMM forecast that LME aluminium will gain more in the coming week of October. SHFE aluminium is also expected to gain after the Chinese National Day holidays from 1st to 7th October. LME aluminium is expected to move within a range of $1,630-1,700/tonne. Falling aluminium stocks in China and rising production costs is expected to drive SHFE 1612 aluminium up to 12,300-12,580 yuan/tonne after the holidays. Driven by raised aluminium prices, spot premiums in east China market are expected to remain high at 400-600 yuan/tonne...
The month of October is another eventful month for the global aluminium industry, the end user segment and the other allied industries. The holiday season is approaching and the industry is busy wrapping up the event season in the coming two months. AlCircle picks twenty most relevant events that aluminium industry players would like to attend from 1st to 15th October. 1. ICSOBA 2016 Date: 3rd– 6th October, 2016 Location: Hotel Palace Royal of Quebec, Canada The ICSOBA or The International Committee for Study of Bauxite, Alumina & Aluminium (ICSOBA) Conference needs no introduction for the aluminium industry players. Since 1963 ICSOBA organized 34 symposia, congresses and seminars in different parts of the world. The main objective of ICSOBA is to promote the exchange of ideas and results...
Noranda Aluminum Holding Corporation today announced Court approval for the sale of the Company's aluminum smelter and facilities in New Madrid, Missouri, to ARG International AG for a purchase price of $13.7 million. The Court approval follows an auction that took place on September 28, 2016. The Company expects to close the transaction in October 2016, subject to certain closing conditions. Noranda's alumina refinery in Gramercy, Louisiana, and bauxite mining operation in St. Ann, Jamaica, were not included in the auction for the New Madrid aluminum smelter and facilities. With respect to its bauxite and alumina operations, Noranda continues to explore strategic alternatives, including discussions with potential acquirers. Agreements, if any, from these discussions would remain subject...
