Japan’s First Second Quarter Aluminium Premiums Deal Lower By 22 Percent From 2019
Japan saw the first significant aluminium delivery deal for the second quarter of this year settle at US$82 per metric...
Asia
Vedanta Plans Capacity Increase To 1.8 Million MTPA At Lanjigarh Alumina Refinery In Coming Fiscal Year
Indian aluminium producer Vedanta said last week it expects to ramp up production at its Lanjigarh alumina refinery by 300 thousand metric tons per annum in the coming fiscal year. The firm said it plans to ramp up the site’s existing capacity...
Construction At Altech’s Johor High-Purity Alumina Plant Progressing One Month Ahead Of Schedule
Australian innovator Altech Chemicals Ltd. updated investors regarding progress on construction at its high-purity alumina (HPA) production site in Johor,...
EGA Extends Alumina Deal With Vinacomin Through 2023
Emirates Global Aluminium PJSC (EGA) announced yesterday the signing of a new three-year deal with Vietnam’s Vinacomin for the supply...
Events
Prices For Second Quarter Aluminium Deliveries Rise In Japan As Coronavirus Depresses Demand
Prices for aluminium in Japan have jumped by over one fourth over last quarter’s asking price, but buyers have shown little interest in those prices due to weak demand. Such is the situation as relayed by sources involved in the negotiations to the news service Reuters earlier this week. According to a trio of sources, […]
Alumina Production Costs Fall While Refining Rates Rise In Vedanta’s Third Quarter
According to numbers for the just-ended quarter, metals miner Vedanta refined more alumina at a lower cost than previous quarters thanks to an increased reliance on domestic bauxite sources. In a presentation to investors earlier this week, Vedanta said it was able to trim 8 percent from the cost of refining alumina at the Lanjigarh […]
Lotte Aluminium To Build Anode Foil Plant In Hungary
South Korean packaging firm Lotte Aluminium announced earlier this week its plans to construct an aluminium anode foil production plant in Hungary. Per the firm, the ₩110 billion (US$90.6 million) plan will involve the construction of an industrial complex in Tatabanya, Hungary to be completed by mid-2021. The plant will produce aluminium anode foils for […]
Vedanta To Deploy GE’s Digital Smelter Technology At Jharsuguda Aluminium Smelter
London-based metals miner Vedanta Ltd. and American multinational conglomerate General Electric Company (GE) jointly announced yesterday that they have agreed to place GE’s digital smelter technology in Vedanta’s Jharsuguda smelter in an effort at improving the site’s productivity and efficiency. The partnership between the two firms is the first such installation at any aluminium smelter […]
Alba Reports Gross Profit Increase Of 6 Percent In 2019
Aluminium Bahrain B.S.C. released results for the final quarter and full year of 2019 on Thursday. Despite less than favorable market conditions, the firm reported better results in most metrics for both periods largely due to the commissioning of aluminium production at Line 6. In the fourth quarter, Alba recorded a Profit and Total Comprehensive […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
