Only 400 of the 5,000 employees remain at the Nikolaev Alumina Refinery, which ceased operations in March 2022 at the onset of the full-scale Russia-Ukraine conflict, an independent local media reported. According to Oleksii Medvid, the acting General Director of Nikolaev Alumina Refinery, the primary responsibilities of the remaining workers include maintaining two red mud (bauxite residue) storage facilities spanning approximately 400 hectares and safeguarding the company’s property.
On Monday, June 24, both LME aluminium cash bid price and LME aluminium official settlement price went up by US$2 per tonne or 0.08 per cent to clock at US$2,454 per tonne and US$2,454.50 per tonne.
3-month bid price and 3-month offer price also added US$2 per tonne or 0.07 per cent to settle at US$2,505 per tonne and US$2,506 per tonne. As per the LME data, both December 25 bid price and December 25 offer price inched up by US$3 per tonne or 0.11 per cent to clock at US$2,650 per tonne and US$2,655 per tonne.
LME aluminium opening stock came in at 1049825 tonnes. Live warrants and Cancelled warrants settled at 466500 tonnes and 583325 tonnes. LME aluminium 3-month Asian Reference Price, on the other hand, dropped by US$10.75 per tonne or 0.42 per cent to settle at US$2,503.06 per tonne.
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