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AlCircle News edited by "Beethika Biswas"

Beethika BiswasBeethika Biswas  beethika@alcircle.comBeethika is a vivacious content & media professional with 9+ years of experience in Web Content Writing, Newsletter & blog Management, Media Communication and Teaching. She is responsible for content strategy & development and media/marketing communication for AlCircle. Other than blogs and news, her forte lies in covering interviews of the who’s who of the aluminium industry.

A00 ingot prices get a boost in all major China markets; Chalco hikes price in South China

A00 ingot prices got a boost in all major China markets on the back of aluminium capacity cut news buzzing in the market. It was also fuelled by Rusal’s estimate published yesterday that says winter cuts by Chinese government may result in an annualized production loss of 1 ...

Primary Aluminium   |  
Market   |
28/Jul/2017
Rusal’s second quarter alumina production up 2.1% sequentially

Rusal reported 2.1% sequential increase in alumina production in Q2 2017 at 1,928 thousand tonnes. Russian alumina refineries accounted for 36% of total output. All the refineries reported optimum production volumes according to the plans. Windalco, Auginish and Bogoslovsk faced ...

Alumina   |  
Market   |
28/Jul/2017
UC Rusal reports substantial increase in total aluminium and value added sales in Q2 2017

UC RUSAL the leading global aluminium producer, announces operating results for the second quarter 2017. Aluminium production in Q2 2017 increased 1.2% QoQ to stand at 921 thousand tonnes.  Notably, 94% of total aluminium output was contributed by Siberian smelters. Smelters ...

Primary Aluminium   |  
Market   |
28/Jul/2017
Aluminium Extrusion Industries Nigeria reports 43% drop in profit

Aluminium Extrusion Industries plc Nigeria has reported results for second quarter 2017. The company’s net profit has declined 43% to NGN34.1 million against NGN60.1 million, reported during the same period of FY2016. Aluminium Extrusion Industries Plc is Nigeria-based comp ...

Downstream Products   |  
Market   |
28/Jul/2017
Vedanta aluminium production up 44% YoY in Q1 FY2018, full year target set at 1.6 million tonnes

Vedanta Resources releases production report across all its business for the First Quarter ended 30 June 2017. Aluminium production remains flat quarter on quarter due to previously announced power outage at Jharsuguda-I.  The company reports an exit production run-rate of 1 ...

Primary Aluminium   |  
General   |
26/Jul/2017
Queensland bauxite mines benefitted from growing demand for high-grade bauxite

Growing demand for high-quality bauxite in the international market is slowly transforming the mining scene in Cape York at Far North Queensland. A number of bauxite projects are coming up in the area besides the Rio Tinto’s $2.6 billion Amrun project which would be one of ...

Bauxite   |  
General   |
26/Jul/2017
Prebaked anode prices in China to stay high despite aluminium capacity cut, A00 ingot prices drop across all markets

Closures of illegal aluminium capacity in China in July is keeping the alumina prices in check as it may add nearly 170,000 tonnes of alumina to spot market per month in the short term. However, prices for prebaked anode, another raw material in aluminium smelting, set to contin ...

Primary Aluminium   |  
Market   |
26/Jul/2017
Alba’s net income in H1 2017 jumps 111% YOY to US$ 115.2 million

Aluminium Bahrain B.S.C (Alba) presents its financial results for Q2 & H1 2017 with substantial increase in net income. Alba’s top-line and bottom-line performances for Q2 and H1 2017 were primarily driven by higher LME aluminium prices and excellent management performa ...

Primary Aluminium   |  
Market   |
25/Jul/2017
Aluminium Association reports rise in North American aluminium product shipments in June

According to the latest report from Aluminum Association, shipments of aluminium powder and paste by domestic producers in the U.S. and Canada, including imports stood at 7.41 million pounds during June 2017, up 2.9% YoY.  On a month on month comparison, shipments were off 7 ...

Downstream Products   |  
Market   |
25/Jul/2017
Norsk Hydro Q2 2017 results up on higher aluminium prices, Sapa continues positive performance

Norsk Hydro reports positive 2nd quarter 2017 results driven by higher realized all-in metal and favourable currency developments that was slightly offset by higher raw material costs and lower realized alumina prices. Hydro reports underlying EBITD of to NOK 2,930 million in com ...

Primary Aluminium   |  
Market   |
25/Jul/2017
Lower alumina prices hit Hydro’s underlying EBIT for Bauxite & Alumina despite higher production

Hydro reports positive results for the second quarter of 2017, driven by better metal prices. However, underlying EBIT for Bauxite & Alumina decreased from the first quarter mostly attributed to lower realized alumina prices, driven by a weaker alumina index.   Higher ...

Alumina   |  
Market   |
25/Jul/2017
Rio Tinto urges for stricter price regulation of East Coast electricity generators

Rio’s subsidiary Tomago Aluminium smelter in New South Wales has been struggling with uncertain power supply and higher power rate issues for years now.  Tomago, which is co-owned by Rio and has CSR subsidiary Gove Aluminium Finance consumes 12 per cent of the state&rs ...

Primary Aluminium   |  
General   |
25/Jul/2017
Jamaica Bauxite Institute gets budgetary support from Capital Development Fund

The House of Representatives has approved $715.687 million grant to the Jamaica Bauxite Institute (JBI) from the Capital Development Fund (CDF), as a budgetary support for the 2017/18 financial year. Minister of Finance and the Public Service, Hon. Audley Shaw confirmed that J ...

Bauxite   |  
General   |
24/Jul/2017
Petersburg University develops technology to make porous aluminium alloys

Peter the Great St. Petersburg Polytechnic University (SPbPU) has developed a technology that can produce porous aluminium alloy that can float.  In this process, foaming gas is added into liquid aluminium during re-melting process. According to the SPbPU's update the porous ...

Downstream Products   |  
Technology   |
23/Jul/2017
Aluminium outlook for H2 2017: Chinese aluminium capacity cut to drive prices

The first six months of 2017 are just over and aluminium has emerged as the best performing industrial metal of 2017 so far by gaining close to 15% in the first quarter itself. It has much outpaced base metals like zinc and copper after posting a 12.43% growth in 2016. Aluminium ...

Primary Aluminium   |  
Market   |
21/Jul/2017
Lack of confirmation on proposed smelter cuts keeps spot alumina prices flat in China markets

Spot Alumina prices have remained flat throughout all China markets as there no clarity on the proposed smelter cuts. The average spot alumina prices in South China market and North China markets stand at RMB 2,490/t and RMB 2,550/t respectively on July 21. Market price differ ...

Alumina   |  
Market   |
21/Jul/2017
Alcoa’s Bauxite & Alumina EBITDA falls in Q2 2017 on lower API and production

Alumina Limited, the AWAC joint venture, has announced its second quarter results for Alcoa Bauxite and Alumina Segment. The 2017 EBITDA for Bauxite and Alumina fell to total $325 million.  According to Alumina Limited, the fall in earning was caused by lower production a ...

Alumina   |  
Market   |
21/Jul/2017
Boyne Smelters threatened by 35% electricity price hike in Queensland

Queensland businesses are being hit with multi-million dollar price increases in electricity costs with some putting the hikes at 80%. A multi-million dollar price increase in electricity cost has hit a number of businesses in Queensland including Gladstone's Boyne Smelters. The ...

Primary Aluminium   |  
General   |
20/Jul/2017
Indian auto parts maker to supply aluminium die-casting parts for Tesla’s wiper systems

Gurgaon-based auto component supplier Sandhar Technologies has been selected to supply two wiper system parts for Tesla Model 3. Recently, Elon Musk, CEO, Tesla Motors twitted that “Production unit 1 of Model 3 is now built and going through final checkout.” The new ...

End User   |  
Transport - Automobiles (cars)   |
20/Jul/2017
Iceland imports about 1.65 million tonnes of alumina to feed its smelters, Australia tops the exporter list

Iceland, this tiny island country which was once known only for its huge fish production and export is the new hub for aluminium and on the way to produce more aluminium in 2017 than the United States in the same way like two other countries with hydropower- Canada and Norway. Ma ...

Alumina   |  
Market   |
20/Jul/2017