Rusal To Invest in Red Mud Additives, Aluminum Holds Steady

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Russian aluminum producer UC Rusal recently said it will start trial production of red mud-based flux additives at its aluminum smelter in the Ural Mountains (UAZ)  from its new red mud recycling process. The company will also produce its first scandium concentrate at the UAZ smelter.

Rusal started building its own scandium concentrate capacity in March and it is scheduled to be commissioned and put into operation soon.

Holding steady on the LME, the cash price of primary aluminum remained at $1,837 per metric ton for Monday, April 21. The 3-month price of aluminum showed little movement yesterday on the LME at $1,875 per metric ton. The cash price of primary Indian aluminum remained essentially flat at INR 112.05 ($1.85) per kilogram.

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Chinese aluminum prices closed flat for the day. The price of Chinese aluminum scrap was unchanged at CNY 12,250 ($1,966) per metric ton. For the fifth consecutive day, the price of Chinese aluminum billet held flat at CNY 13,590 ($2,181) per metric ton. The price of Chinese aluminum bar continues hovering around CNY 14,200 ($2,279) per metric ton for the fifth day in a row. The Chinese aluminum cash price saw little movement on Tuesday, closing out around CNY 12,970 ($2,082) per metric ton.

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