Norsk Hydro Faces Up to $110M Q4 Cost Impact from Gas Supply Disruptions at Alunorte Refinery

On October 8, Foshan aluminum billet Φ90 was quoted at RMB 24,170/t, with processing fee at RMB 200/t (up RMB 100 from the previous trading day); Φ120 at RMB 24,120/t, with processing fee at RMB 150/t (up RMB 100); Φ178 at RMB 24,120/t, with processing fee at RMB 150/t (up RMB 100). SMM A00 aluminum spot (Foshan) stood at RMB 23,970/t. On October 8, Wuxi aluminum billet Φ90 was quoted at RMB 24,260/t, with processing fee at RMB 500/t (up RMB 90 from the previous trading day); Φ120 at RMB 24,160/t, with processing fee at RMB 400/t (up RMB 120); Φ178 at RMB 24,140/t, with processing fee at RMB 380/t (up RMB 120). SMM A00 aluminum spot stood at RMB 23,760/t. On October 8, Nanchang aluminum billet Φ90 was quoted at RMB 24,140/t, with processing fee at RMB 380/t (up RMB 50 from the previous trading day); Φ120 at RMB 24,090/t, with processing fee at RMB 330/t (up RMB 80); Φ178 at RMB 24,090/t, with processing fee at RMB 330/t (up RMB 80). SMM A00 aluminum spot stood at RMB 23,760/t.

[SMM Aluminum Express News] Novelis produces first aluminum coil at US$5 billion Alabama rolling and recycling plant. Novelis, a subsidiary of Hindalco Industries, announced on October 7 that it had produced its first coil on the cold mill at its new aluminum rolling and recycling facility in Bay Minette, Alabama, marking a major commissioning milestone. The facility, the first fully integrated aluminum recycling and rolling plant built in the US in over 40 years, will have 600,000 mt/year of rolled aluminum capacity once fully operational, supplying the beverage packaging, automotive and specialty products sectors.