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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Alcoa’s board has approved the New York Stock Exchange-listed aluminium giant’s demerger into two public entities, scheduled to come into effect on November 1. Spin-off Arconic will provide high-performance materials and engineered products to the aerospace and automotive industries, while Alcoa will focus on bauxite, alumina and aluminium products, the company said. Alcoa’s current chairman and chief executive Klaus Kleinfeld will become the chairman and chief executive of Arconic. Alcoa’s new chairman will be current director Michael Morris, while group president of global primary products Roy Harvey will become Alcoa’s chief executive. The company said it will make the separation through a distribution of 80.1 per cent of the common stock of the demerged Alcoa, while Arconic will keep...
Government has directed state-run aluminium maker Nalco to reconsider its over USD 2 billion project for setting up a gas-fired thermal power plant and a smelter in Iran. Nalco has been in the process of setting up a 5 lakh tonnes aluminium smelter in Iran, where is can get natural gas at cheap rates. Power accounts for 40 per cent of the input costs in making aluminium. "Our priority is to reduce imports under the Make in India initiative, hence we have asked them (Nalco) to revisit their decision to process alumina in Iran," Mines Secretary Balvinder Kumar told PTI. The focus is to increase India's capabilities and make the 'Make in India' initiative a huge success, he added. During Prime Minister Narendra Modi's visit to Iran in May, Nalco had inked a MoU with the Iranian Mines &...
After three eventful days of delegation networking, brainstorming and paper presentation, of 5th International Bauxite, Alumina & Aluminium Society (IBAAS) symposium with a highlight on the evolving Asia-Pacific aluminium industry and the issue of sustainability for the aluminium industry came to an end on Wednesday September 28. The One Day Theme Symposium on Energy Reduction in Aluminium Smelting, jointly organized with The Indian Institute of Metals (IIM) was an apt platform that opened up a number of significant issues regarding energy saving in aluminium industry. A number of important ongoing studies on energy savings in the alumina refining and aluminium smelting were presented during the symposium. Some of the big names from the aluminium value chain, both from the R&D and the...
Firm trend in international market boosted demand in India spot market, buoyed by which aluminium prices surged 0.69 per cent to INR 109.45 per kg in futures trade today as traders in the aluminium industry created fresh positions. In futures trading at Mumbai's Multi Commodity Exchange (MCX), aluminium for delivery in September traded higher by 75 paise, or 0.69 per cent to INR 109.45 per kg against business turnover of 2,500 lots. The uptick was evident in futures trading for aluminium for delivery in October contracts as well, as it inched higher by 65 paise, or 0.59 per cent to INR 110.05 per kg in 589 lots. Industry experts said fresh positions built up by the industry participants, supported by a firm trend overseas and spike in demand from the end user industries in the spot...
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Two bidders have submitted their bids for the upstream business of Noranda Aluminium, the bankrupt aluminium producer from the US, in an auction held on Wednesday last week. Assets including one of Noranda's idled smelters in Missouri, a bauxite mining site in Jamaica, and an operational alumina refinery in Louisiana were put up for auctioning, stated a court filing. The bidders were ARG International AG, a Swiss company formed by a former Glencore aluminium trader, and MFR II LLC, a company specializing in industrial and commercial asset disposition and liquidation. The latter also and served as the stalking horse bidder for the bankrupt aluminium producer's assets. ARG's bid amount was $13.7 million whereas MFR's was $13 million. Judge Barry Schermer of the US Bankruptcy Court for the...
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LME aluminium will rise to USD 1,655-1,675/mt as the OPEC reached an agreement over oil output cuts. SHFE 1611 aluminium will fluctuate at RMB 12,450-12,600/mt. In east China’s spot aluminium market, spot premiums of RMB 440-480/mt are expected over SHFE 1610 aluminium contract. Key macroeconomic indicators for base metal prices Eurozone September CCI, US Q2 GDP and PCE goods price index and August pending home sales will be released today. Base metals surged overnight as OPEC reached an agreement to freeze output. Base metals may continue to diverge today. Eurozone September CCI in September is expected to remain flat at August. Sentix’s September investor confidence index for the eurozone. Eurozone September CCI was also better than expected. GfK’s September CCI for Germany unexpectedly...
Garney Scott, President & CEO of Scepter, Inc. and Chairman of the Aluminum Association, as well as Heidi Brock, President and CEO of the Aluminum Association, will testify at the U.S. International Trade Commission (USITC) public hearing on the Investigation on the Competitive Conditions Affecting the U.S. Aluminum Industry, scheduled for September 29 at 9:30 a.m. ET. Mr. Scott and Ms. Brock will call attention to the challenges posed to domestic aluminum producers by overcapacity in China and will encourage the USITC to engage on the issue through its investigation. To view the full prepared testimony click here. “We are gratified that the Commission has begun the process of investigating the complex issues driving overcapacity and overproduction in the aluminum sector in China,” Ms....
Aluminium Bahrain B.S.C. (Alba), the Bahrain-based international aluminium smelter, has been performing reasonably well in light of the market conditions, according to a statement issued by the Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa. The statement was made following the third quarterly meeting for this year, which was held on Wednesday, September 28, 2016 at Alba. Adding further, Shaikh Daij said: “We are pleased with the tremendous success of the recent US$1.5 billion financing which was the largest corporate loan in the history of the Bahrain. Alba is focused on its future growth strategies and we remain committed to deliver Line 6 on schedule and below the budget.” During the meeting, the Board approved the minutes of the previous meeting,...
Earlier this month; the ASI Board approved the ASI Governance Handbook as a new by-law. The Governance Handbook provides an overview of the design and implementation of the ASI governance model. It is aimed at orienting and guiding the various participants in ASI’s governance structure, including Board directors, Committee members and ASI staff. It also enhances transparency of ASI governance to broader stakeholders. The Handbook is essentially a user-friendly complement to the ASI Constitution, adopted in April 2016. The Handbook expands on the Constitutional framework and covers a wide range of aspects of ASI governance. A core coal in ASI's establishment has been to put in place an effective governance framework that can drive organisational performance, while at the same time aiding...
The London Metal Exchange cash and three-month aluminium contracts are showing sign of improvement in the month of September. LME 3M contracts closed at $1,664 per metric ton on September 27 while LME cash contracts closed at $1,648 per metric ton. The graph shows significant gains in the month of September. Three months aluminium has gained 10.2% so far since the beginning of 2016. In the month of September itself it recorded a 2.9% increase. Aluminium prices have shown resilience this year. However, aluminium prices are moving within a range of $1,600 to $1,700 per metric ton. At the beginning of the year, aluminium’s sentiment was negative. Global aluminium markets were under the overhang of a decade of surplus. All major aluminium producers ex-China started cutting unprofitable...
The 5th International Bauxite, Alumina & Aluminium Society (IBAAS) Symposium- 2016 is on full swing. On the 2nd day of the international event, AlCircle.com, the privileged media partner, took the dais to share with the dignitaries present at the venue its current positioning and future business plans. Vikas Devnani, Vice President, AlCircle, made a special presentation on the company’s vision and its latest offering AlToolz- the Business Decision Enabler . "Many of the audience in this August gathering have already been associated with AlCircle in some form. I am sure we shall build this relationship with many more. But our journey to provide a virtual aluminium ecosystem will only come to a logical conclusion once we are able to bring along all stakeholders of the aluminium value chain...
The second eventful day of 5th International Bauxite, Alumina & Aluminium Society (IBAAS) symposium starts with a highlight on the issue of sustainability for the aluminium industry. The session has been inaugurated by Kiran Anant’s paper “Sustainability issues and opportunities for Aluminium in Asia Pacific”. It is followed by paper topics like Environmental Aspects in Aluminium Industries, Third party certified aluminium and Opportunities and Challenges for Aluminium Industry. IBAAS convenor Dr. Ashok Nandi presented a paper on the topic “Why Guinea Bauxite is Considered Best in the World?” One of the parallel sessions for the second day will be highlighting topics on Bauxite and Alumina. The session will cover topics like Caustic Soda, Outlook for Alumina Production, Caustic Soda...
Base metal prices on the SHFE are expected to be volatile on Tuesday, Shanghai Metals Market foresees. LME aluminium will fluctuate between USD 1,650-1,670/mt today. SHFE 1611 aluminium will move between RMB 12,400-12,600/mt as trading inventories grew, with spot premiums between RMB 430-470/mt. “Base metal prices overnight rose after falling at first due to a weak dollar and rising oil price, and on Tuesday, uncertainties coming from China’s data results and US’s first presidential debate will add to price volatility,” SMM says. Key macroeconomic indicators for base metal prices A series of major economic indicators are due for release today from China and the US. The US dollar index weakened overnight, while crude oil rose. Base metals fell at first and then climbed, mostly closing with...
India's annual aluminium consumption is on a growth trajectory. The total estimated consumption of the lightmetal used in cars to construction has increased considerably over the last two financial years. While sale of the metal has been steady through 2015-16, total aluminium imports scaled higher over 20 per cent vis-à-vis last financial year. Ironically however, this come to the forefront at a time when the Indian government has ruled out the proposition of imposing minimum import price (MIP) on aluminium. The major countries from where India has sourced unwrought aluminium in the last two fiscals to cater to its increasing domestic demand include Russia, Malaysia, Thailand, Oman, Qatar, the UAE and South Africa. GROWING CONSUMPTION (Composition of aluminium consumption, including...
The 5th International Bauxite, Alumina & Aluminium Society (IBAAS) Symposium- 2016 opened its doors to the domestic and international delegates at Radison Blu Hotel & Resort in South Goa, India today and the conference will host delegates from international and domestic aluminium industry at the venue from 26-28 September 2016. The title of this year’s IBAAS-2016 symposium is “Aluminium Industry-The Evolving Asia-Pacific Story”. Leading experts from the domestic and international aluminium industry would be presenting their views on the steadily growing aluminium industry in Asia pacific and India. The event coincides with a one-day theme symposium on “Energy Reduction in Aluminium Smelting”, jointly organized with The Indian Institute of Metals (IIM). Considering the energy intensive...
Aluminium prices in China’s spot market turned from discounts into an all-time high premium of 570 yuan/tonne over SHFE front-month aluminium recently and SHFE 1611 aluminium ended last week up over 5 per cent. What caused the sudden change? It all boils down to tightening transport, SMM understands. Most smelters ship aluminium ingots by train rather than by truck out of cost considerations. Hence, railway transport capacity has always been tight in Xinjiang, one of China’s most important aluminium producing regions. China’s recent crackdowns on vehicle overloading greatly pushed up truck freight charges. Some smelters thus turned to train for shipments, leaving railway traffic in Xinjiang in severe jam. Moreover, some rail lines in Xinjiang are under maintenance, exacerbating already...
Metal and Mining giant Rio Tinto opened the doors of its newly modernised aluminium smelter in Kitimat, British Columbia, Canada. The entire Kitimat community was welcomed by the company for a day-long celebration which included family activities, interactive exhibits, and bus tours of the state-of-the-art facilities. In an official invite to the Kitimat people Gareth Manderson, general manager of Rio Tinto BC Works said, "This smelter represents the next chapter built on our 60 year legacy as a leading aluminium producer here in Kitimat. The modernisation project was the largest private infrastructure investment in BC's history. It has doubled the production of the smelter while reducing overall emissions by nearly 50 percent. Our leading-edge facility is now one of the greenest in the...
Like every year, International Bauxite, Alumina & Aluminium Society (IBAAS) is inaugurating its 5th International symposium (IBAAS-2016) in Goa, India on September 26. The three day conference will host delegates from international and domestic aluminium industry at the venue from 26-28 September 2016. At this crucial juncture for the domestic and international aluminium industry when the growing demand for aluminium is opening up new avenues for aluminium makers and Asia is growing stronger in the upstream sector, the conference is expected to open up innovative ideas, technical solutions and highlight the changes in market dynamics. The title of this year’s IBAAS-2016 symposium is “Aluminium Industry-The Evolving Asia-Pacific Story”. The event will coincide with a one day theme...
