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AlCircle News edited by "Dipanwita Gupta"

Dipanwita GuptaDipanwita Gupta  dgupta@alcircle.comDipanwita Gupta is a communication professional with 6+ years of experience in Business writing, News & PR development, Web Content writing, Blogging, Sub-editing, and Research. She is responsible for generating content for AlCircle Newsletter and other online and offline marketing collaterals to expand the brand’s reach and visibility among its global users.

Week in Review: LME aluminium price rise, new projects and improved results make headlines

Primary aluminium industry was abuzz with some good news this week. Aluminium prices on London Metal Exchange picked up on steady demand. A weak dollar and rising crude oil prices gave the light metal the much needed support to reverse its recent downtrend. LME aluminium which cl ...

Primary Aluminium   |  
General   |
28/May/2017
Top five aluminium cable manufacturers in India

A worldwide substitution of copper with aluminium is under way in the electrical equipment and power transmission industry. Over the past decade, the price differential between copper and aluminium has increased exponentially spurring a huge demand for aluminium as the electricit ...

End User   |  
Electrical - Wires & Cables   |
27/May/2017
India aluminium futures up by 0.24% on increased demand

India aluminium prices on Multi Commodity Exchange rose by 0.24 per cent to INR 126.60 per kilogram during day trading hours on Friday, May 26 as demand picked up at the domestic spot market. Speculators in the futures trade also built up fresh positions leading to the price rise ...

Primary Aluminium   |  
Market   |
26/May/2017
Global bauxite trade data shows top five bauxite exporters of Jan-March 2017

World bauxite export trade is growing. With demand for both crude and dried bauxite set on a steady growth trajectory and supply tightened due to various socio-economic reasons, the prices of the commodity are expected to remain stable or on a moderate uptrend in the medium-term. ...

Bauxite   |  
Market   |
26/May/2017
Declining alumina cost helps Vedanta set eyes upon higher aluminium output

Global mining and metals behemoth Vedanta is eyeing 1.6 million tonnes (mt) of aluminium output for the financial year 2017-18, encouraged by the falling alumina prices and a resilient LME aluminium. The company ended the last financial year with a record production of 1.2 MT pri ...

Alumina   |  
General   |
26/May/2017
Rising crude oil prices boost LME aluminium, SHFE aluminium edges higher

LME aluminium is continuing its uptrend. The light metal after having risen for two days at a stretch rose for the third day gathering strength from the rising crude oil prices, which got a boost from the news on OPEC agreeing to extend oil cut agreement by 9 more moths. LME alum ...

Primary Aluminium   |  
Market   |
26/May/2017
China alumina prices edge higher while prebaked anode stays flat

China average alumina price has recovered from its recent lows thanks to the clampdown of polluting alumina refining capacity in some of the major provinces. As on May 25, it stands at 2,416.25 yuan per tonne, up 0.4 per cent from the previous average alumina price. In East Chin ...

Alumina   |  
Market   |
25/May/2017
India aluminium scrap market lull contrasts bullish MCX aluminium

A flat trend was observed in the India aluminium scrap commodities market as major aluminium scrap commodities prices showed no change on the Scrap Register Price Index on Tuesday, May 23. Aluminium futures prices, on the other side, rose higher at Mumbai’s Multi Commodity ...

Secondary Aluminium   |  
Market   |
25/May/2017
LME aluminium regains strength as dollar weakens, SHFE aluminium moves in a tight range

LME aluminium reversed the temporary drop and regained its upward momentum as the US dollar index weakened further after the release of not-so-inspiring Fed’s May policy meeting minutes. The light metal traded globally closed at US$1,944 per tonne on Wednesday, May 24, risi ...

Primary Aluminium   |  
Market   |
25/May/2017
Guinea finds in China a key growth market for its bauxite produce

Guinea is readying to step up its bauxite mining operations over the next three years, a leading industry journal reported, citing Guinea Mines Minister Abdoulaye Magassouba. The country, Magassouba said, plans to increase its bauxite production in order to meet the rising ore de ...

Bauxite   |  
Market   |
24/May/2017
Aluminium can recycling reaches 70% milestone, Alupro reports

The European metal packaging sector reached a major milestone by hitting 70 per cent aluminium can recycling rate in 2016. In the UK alone, seven out of ten aluminium beverage cans were reportedly recycled in the past year, the Aluminium Packaging Recycling Organisation (Alupro) ...

Secondary Aluminium   |  
General   |
24/May/2017
China’s aluminium alloy export grows 3.3% YoY in April; imports from UAE grow side by side

China’s aluminium alloy ingot export grew 3.37 per cent to reach 45,117 tonnes in April 2017. According to the import-export data released by China’s General administration of Customs, the cumulative export volume of aluminium alloy ingots from the country stood durin ...

Downstream Products   |  
Market   |
24/May/2017
‘Street Legal’ Lister Knobbly with aluminium panels and bodywork hits road

The classic sports car Lister Knobbly is back- this time not on the tracks but on roads; and the best part is the new Knobbly flaunts a built that is supported by sturdy aluminium body panels. The remodelled exquisite Knobbly is placed by its maker British marque Lister Motor ...

End User   |  
Transport - Automobiles (cars)   |
23/May/2017
Ma’aden signs aluminium capacity expansion MOU with Alcoa at the Saudi-U.S. CEO Forum

Saudi Arabian Mining Company Ma’aden signed two landmark Memorandums of Understanding (MOUs) with its U.S.-based partners Alcoa and Mosaic at the ongoing inaugural Saudi-U.S. CEO Forum that was launched in Riyadh on Saturday, May 20. The Memorandums are expected to provide ...

Primary Aluminium   |  
Project   |
23/May/2017
Manaksia Aluminium’s standalone net profit rises to INR 0.70 crore in Q4 FY2017

One of the leading Indian aluminium sheets and coils manufacturers, Manaksia Aluminium Company, reported a rise in sales by 11.79 per cent to INR 63.24 crore for the quarter ended March 31, 2017. The quarterly net profit of the downstream aluminium products company jumped to INR ...

Downstream Products   |  
Market   |
23/May/2017
Mike Ferraro succeeds Peter Wasow as the new Alumina Ltd CEO

Former director of Melbourne's Alumina limited, Mike Ferraro is stepping in as the successor of CEO Peter Wasow, who announced his retirement on Monday May 22. Ferraro will be assuming his new office after Wassow retires on May 31, the company announced without giving any reason ...

Alumina   |  
General   |
23/May/2017
China alumina prices up by 20 yuan/t, aluminium ingot stocks fall, profits up for smelters

Alumina prices in China domestic market have regained strength after a hiatus. Supply uncertainty caused due to recent production cuts at the alumina refineries coupled with strong demand has allowed China alumina prices to stage a rally after a continuous downtrend. The average ...

Alumina   |  
Market   |
23/May/2017
LME aluminium on upward track; SHFE Aluminium plunges on poor market fundamentals

LME aluminium has picked up the pace. The light metal which was trending low a week ago has gained momentum on news that the OPEC countries may extend their oil output cut agreement. LME aluminium rose 0.25 per cent from its previous close of US$1938 per tonne to close at US$1,94 ...

Primary Aluminium   |  
Market   |
23/May/2017
India to manufacture more aluminium wire in-country and import less under ‘Make in India’

The wire and cable industry, the silent yet one of the most crucial infrastructural pillars of the Indian economy, has come a long way from being a small industry to one of the most fiercely growing industry, over the past one decade. Boosted by momentum in the country’s po ...

Downstream Products   |  
Market   |
22/May/2017
Rusal’s Guinea Friguia alumina refinery to resume production in April 2018

Rusal operated Friguia alumina refinery in Guinea is readying to come online in first half of 2018. The reconstruction work at the site is progressing as planned, informed Rusal’s Guinea branch general manager Pavel Vassiliev. According to the latest update, reconstructi ...

Alumina   |  
Project   |
22/May/2017