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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Top aluminium producers have offered Japanese buyers premiums of $100-110 per tonne for July-September primary metal shipments, down 4-15 percent from the previous quarter, three sources directly involved in pricing talks said on Tuesday. Japan is Asia's biggest importer of aluminium and the premiums it agrees to pay each quarter over the London Metal Exchange (LME) cash price set the benchmark for regional primary metal shipments. For the April-June quarter, Japanese buyers agreed to pay producers a premium of $115-$117 per tonne PREM-ALUM-JP, up about 5-6 percent from the prior quarter, due to lower local inventories. In late May, a major aluminium producer offered Japanese buyers a premium of $110 per tonne for July-September shipments, down 4-6 percent from the previous quarter,...
The US dollar index hovered at lows while crude oil prices stayed at highs. This will leave LME aluminium moving widely at USD 1,540-1,570/mt today, SMM observed in an early morning forecast. Downstream stocking ahead of the Dragon Boat Festival will support SHFE 1608 aluminium at RMB 11,600-11,840/mt In China’s spot aluminium market, spot premiums of RMB 0-40/mt are expected over SHFE 1606 aluminium contract. Key macroeconomic indicators for base metal prices With some investors exiting from market for China’s Dragon Boat Festival from June 9-11, base metals are expected to see diverging trade on Wednesday. China’s financial market will be closed this evening. Eyes will be on US crude oil inventories and China’s trade data for May. US JOLTs job openings for April jumped to 5.76 million...
Aluminium Bahrain B.S.C. (Alba), one of the leading international aluminium smelters with a strong reputation for workplace safety, is conducting a series of safety, health & environment (SHE) workshops for one of its established clients - Aluminium Products Company (ALUPCO), Kingdom of Saudi Arabia. The SHE workshops are an initiative by the Company’s Marketing Department to enhance the existing business relation with ALUPCO by doing more than necessary and providing extra value, in addition to the technical support given by Alba. Held in conjunction with Alba’s SHE Department, the workshops aim to assist ALUPCO to augment its health, safety and environment culture. Teams from both companies have mutually agreed on a SHE training plan to meet ALUPCO’s health and safety expectations at...
Goa Carbon has reported production of 19,976.600 MT (million tonnes) of Calcined Petroleum Coke for the month of May 2016. Of the total production achieved for the month, Bilaspur plant produced 2,164.100 MT of Calcined Petroleum Coke, Goa plant produced 6,221.500 MT of Calcined Petroleum Coke while Pradeep plant has produced 11,591.000 MT of Calcined Petroleum Coke. On the sales front, the company has sold a total of 13,860.162 MT of Calcined Petroleum Coke products for the month of May 2016. Of the total sales achieved for the month, Bilaspur plant, Goa plant and Paradeep plant of the company sold 1,536.000 MT, 4,080.762 MT and 8,243.400 MT respectively. Goa Carbon is into the business of manufacturing and marketing Calcined Petroleum Coke. Goa Carbon is firmly established as a leading...
A line in a smelter with 300 pots once decommissioned will take around six months to be brought back into production stream. It is in this context that the recent set of aluminium production figures submitted by China Nonferrous Metals Industry Association (CNMIA) to the International Aluminium Institute (IAI) has led industry constituents in the rest of the world to believe the country, which alone accounted for 32 million tonnes (mt) of the 2015 world output of 58 mt is once again at the game of data obfuscation. But, then, much of the Chinese economic data remains suspect. Assuming that the Chinese submission to IAI that its aluminium production between December and February was down by an annualised 6.6 mt was correct, it would then be inconceivable that production could pick up by...
SMM surveyed 44 Chinese aluminum smelters about their opinions over aluminum price outlook. About 44% of them expect SHFE 1608 aluminum to fall below RMB 11,800/mt and LME aluminum below USD 1,540/mt. First, total positions of all SHFE aluminum contracts surged 34,000 lots on Monday, many of which were believed to be short positions. SHFE 1608 aluminum has met strong resistance at moving averages. Second, suppliers are eager to sell out of pessimism, but downstream producers showed no signs of restocking, with spot premiums in Shanghai down from RMB 100/mt to near zero over SHFE front-month aluminum. Third, demand will weaken in June due to onset of the off-season. Another 36% expect SHFE 1608 aluminum to stabilize at RMB 11,800-12,000/mt and LME aluminum hold stable at USD...
In order to speed up development of coal-electricity-aluminum industry, the government of Yunnan decided to cut power tariffs for Yunnan Aluminum Co. The preferential power tariffs are set at 0.2785 yuan/kwh, effective from June 1, 2016 till May 31, 2017. The move will save the company’s aluminum costs by 940 yuan/tonne, SMM estimates. Yunnan Aluminum Co., whose full cost is estimated at less than 11,000 yuan/tonne, has restarted 50,000-tpy aluminum capacity idled at the end of last year, and plans to bring the rest 150,000-tpy capacity back online, due to rally of aluminum prices compared with late last year and recent power tariff cuts.
Aluminum prices will probably extend losses as production in China is set to increase after a rally lifted smelters’ profits, according to Goldman Sachs Group Inc. With most producers in the world’s largest supplier posting solid margins, output growth will accelerate to 4 percent year-on-year in the second half after contracting 1.7 percent in the first four months, Goldman said in a report Monday. As capacity fires up, the bank sees prices dropping to $1,450 a metric ton in three months, $1,400 in six months and to $1,350 in a year, reiterating previous forecasts. Aluminum climbed to a nine-month high on the London Metal Exchange in April as a credit boom and government stimulus in China boosted demand. Prices have since receded on concerns that producers will restart smelters just as...
Aluminium prices edged up by 0.48 per cent to Rs 103.85 per kg in futures trade today as participants widened positions amid a firming trend overseas. Strong demand in the spot market also influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery this month inched up 50 paise or 0.48 per cent to Rs 103.85 per kg in a business turnover of 303 lots. Likewise, the metal for delivery in July traded higher by 30 paise or 0.29 per cent to Rs 104.60 per kg in 7 lots. Marketmen said that apart from increased domestic demand, a firming trend in global markets, helped aluminium futures to trade higher.
Aluminum capacity restarts in China will continue increasing, but far from enough to fill in the supply gap caused by massive closures late last year, SMM understands. SMM estimates the amounts of restarted aluminum capacity in China at 400,000-500,000 tonnes during June-July. The amount of new aluminum capacity will depend on aluminum price movement. As of June 2, aluminum stocks in China’s five major markets were down some 200,000 tonnes from the end of April and down as much as 714,000 tonnes from the same period last year, SMM statistics showed.
In China’s spot aluminum market, spot premiums will narrow to RMB 0-40/mt over SHFE 1606 aluminum contract today. US May non-farm payrolls grew at its lowest in nearly six years, dampening chance for rate hike in June. LME aluminum will move at USD 1,540-1,570/mt today. SHFE 1607 aluminum unexpectedly fell below the 60-day moving average and remain weak at RMB 11,800-11,980/mt today.
Affirming its position as one of the world’s largest and leading primary aluminium producers, Emirates Global Aluminium (“EGA”) is proudly participating at Harbor’s 9th Aluminium Outlook Summit (“Harbor 2016”) as lead sponsor for the fourth consecutive year. Organised and hosted by Harbor Aluminium Intelligence the summit will take place in Chicago, USA, from 7 to 9 June 2016. EGA’s activities at Harbor 2016 include the participation of EGA’s Chief Marketing Officer, Walid Al Attar, in a panel discussion on 8 June 2016, entitled “World’s major aluminium market players opine on strategic market topics.” Additionally, EGA will host a networking lunch for the participating delegates immediately prior to the panel discussion. Al Attar, a regular attendee and speaker at the event since EGA and...
Iran is seeking to expand aluminium production, and this move will only get already oversupplied Middle East even worse, SunSirs reported. Iran officials said the country will produce aluminium on a large scale to meet demand in domestic market and the Middle East. The country has already invested $2.7 billion in aluminium industry so far. It was predicted that global aluminium demand will grow 5% in 2016 while production will rise just 2%, which will leave a supply deficit of 1.1 million tonnes. Aluminium consumption in the Middle East and North Africa will increase 5% in the first quarter this year, and Saudi Arabia, in particular, will see 12% growth. One SOE in the United Arab Emirates increased aluminium output by 4% to 2.4 million tonnes last year. Another company, Aluminium...
SHFE 1607 aluminium fell to RMB 12,060/mt after opening at RMB 12,125/mt overnight. But prices then rallied to RMB 12,290/mt before ending at RMB 12,230/mt. On Thursday, SHFE 1608 aluminium shifted to the most active contract and opened at RMB 12,065/mt and advanced to RMB 12,165/mt, to end at RMB 12,145/mt, up RMB 160/mt. Trading volumes increased 70,952 to 178,172 with positions up 874 to 191,924.
Iran is stepping up talks with potential foreign investors with an eye to developing its mining and metals industries, Mehdi Karbasian, president of state-owned Imidro, the Iranian Mines and Mining Industries Development and Renovation Organization, said. Imidro recently held talks with Rio Tinto in Berlin on the possibility of new investments in Iran’s aluminum, steel, copper and gold industries, Karbasian said in a telephone interview from Berlin, after opening an Iran-Europe business center. Two weeks ago top executives of Glencore, Trafigura and Aurubis participated in a meeting in Hamburg to discuss cooperation in the Iranian copper industry, Karbasian said. Glencore and China’s NFC already have business agreements to help develop Iran’s copper industry, Karbasian said earlier this...
UC RUSAL, a leading global aluminium producer, and Maersk Line, the world's largest container shipping company, today announced they have signed a three year letter of intent for long-term cooperation in the maritime transport sector. Under the agreement, RUSAL and Maersk Line have agreed to cooperate for the long-term with regard to cargo container shipments of RUSAL’s products, particularly aluminum and alloys, by Maersk’s container fleet and ships. The cargo volume is estimated to be up to 10,000 containers per year. The agreement is valid for three years with the possibility of further extension. “The signing of this agreement is a confirmation of the mutual intentions to build a long-term strategic partnership between RUSAL and Maersk Line. The aim of the agreement is the joint...
Aluminium Bahrain B.S.C. (Alba), the Bahrain-based international aluminium smelter, is on track to meet its strategic growth by accelerating the early works on Line 6 Expansion Project, 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 second quarterly meeting for this year, which was held on Wednesday, June 1, 2016 at Alba. Adding further, Shaikh Daij said: "Alba’s status as an international producer of high-grade aluminium will be bolstered once Line 6 Expansion Project is completed. We are pleased with the reduced capital cost and fast-paced progress of the Project and, are confident of delivering the first hot metal in early January 2019." During the meeting, the Board reviewed...
Norwegian aluminium company Norsk Hydro ASA's fully owned subsidiary, Hydro Aluminium Rolled Products GmbH, has secured a power contract with Axpo Trading AG, a Switzerland-based energy company with captive power production and international trading activity, totaling 1.3 TWh (150 MW) annually in the five year period from 2021 to 2025. The power contract supplements the power contract which was entered into in July 2015, totaling 0.9 TWh (100 MW) annually in the eight year period from 2018 to 2025. These two contracts replace an existing combination of internal and external power arrangements entered into in 2012, supplying Hydro Neuss primary aluminium plant with a total of 2.2 TWh (250 MW) annually in the period from 2013 to 2017. In the period from 2018 to 2020, the remaining 1.3 TWh...
