AlCircle News Edited By "Debanjali Sengupta"
Debanjali Sengupta is a passionate content writer with 10 years of experience in Business writing, Web Content writing, Blogging, Editing and Research. She is responsible for generating and editing content for AlCircle Newsletter and other online and offline content for enhancing the brand value and its visibility among global users.
NALCO's price reduction escalates, aluminium wire rod price sees a cut of INR5300/t
National Aluminium Company Limited (NALCO) has again curtailed its aluminium products prices in less than a week from the previous cut. With effect from Thursday, February 16, NALCO’s aluminium wire rod price has been reduced by INR 5,300 per tonne or 2.24 per cent to INR 231,050 -235,400 per...
South32 seeks nuclear power for its Hillside Aluminium smelter, already in talks with Eskom
According to a report on February 16, South32 is in talks with Eskom, a South African electricity public utility, to source nuclear power for its Hillside Aluminium. Graham Kerr, CEO of South32, said the company had been seeking nuclear power for its smelter to make the production sustainable...
LME aluminium benchmark price dips by 1% to settle at US$2341.5/t; SHFE price gains US$10/t
Three-month LME aluminium opened at US$2,389 per tonne on Thursday, February 16, and closed at US$2,418 per tonne, an increase of US$33.50 per tonne or 1.4 per cent. On Thursday, February 16, both LME aluminium cash bid price and LME aluminium official settlement price extended fall for the second...
China’s primary aluminium inventories reduce growth rate this week to settle at 1.22 million tonnes
According to the Shanghai Metals Market data, China’s social inventories of primary aluminium have extended W-o-W growth but at a slower rate than the previous week. SMM data shows the inventories have amounted to 1.22 million tonnes across eight major consumption areas, including SHFE warrants,...
US aluminium scrap imports from Mexico improve Y-o-Y during Jan-Nov 2022, totalling 192000 tonnes
The United States aluminium scrap imports from Mexico dropped by 2,400 tonnes or 15.58 per cent month-on-month, standing at 13,000 tonnes during November 2022, found the US Geological Survey. In October 2022, the country’s import from Mexico was 15,400 tonnes; however, up by 8.45 per cent or 1,200...
Chinese aluminium wire and cable operating rates drop 6 percentage points M-o-M for CNY holiday
Shanghai Metals Market survey found the average operating rate in the aluminium wire and cable sector dropped 5.9 percentage points month-on-month and 0.6 percentage point year-on-year to 34.4 per cent in January 2023. The average operating rate of large producers lost 9.2 percentage points M-o-M...
Alumina spot price in China stands W-o-W low by RMB4/t on February 16; A00 aluminium ingot price declines to RMB18430/t
According to the Shanghai Metals Market, the average alumina spot price in China has dipped for the second day in a row by RMB 3 per tonne to stand at RMB 2,946 per tonne on Thursday, February 16. On a week-on-week calculation, the price is down by RMB 4 per tonne from RMB 2,950 per tonne on...
Global aluminium aerosol cans shipments by AEROBAL members grow 6.8% in 2022
Global aluminium aerosol cans shipments by AEROBAL members have recorded an increase of 6.8 per cent for 2022 to nearly 6 million units. AEROBAL is an international organisation representing manufacturers of aluminium aerosol cans. According to AEROBAL, the growth in shipments was mainly due to the...
Vedanta reduces its aluminium ingot selling price to INR227,750-258,250/t w.e.f. February 14
Vedanta Limited cut its aluminium ingot and aluminium products prices by INR 3,500 per tonne on Tuesday, February 14. That brought the company’s aluminium ingot price to INR 227,750-258,250 per tonne versus INR 231,250-261,750 per tonne on February 7. With the latest cut, Vedanta’s aluminium wire...
Hydro posts record revenue of NOK 207,929 million for 2022 on higher realized all-in metal & alumina prices
Hydro entered the year 2022 amid a strong aluminium market but soon was dominated by a devastating war in Europe, an energy crisis, inflation, and a global economic slowdown, including a significant fall in demand. But amid all this, the company succeeded in delivering record results for the year,...
LME aluminium benchmark price closes US$8.5/t higher at US$2391/t; SHFE price drops to US$2706/t
After touching a 5-week low on Monday, February 13, both LME aluminium cash bid price and LME aluminium official settlement price grew by US$7.50 per tonne and US$8.50 per tonne the next day to stand at US$2,389 per tonne and US$2,391 per tonne, as of February 14. But the 3-month bid price and...
Hindalco’s aluminium ingot price slips by INR3500/t with effect from February 14
Hindalco Industries Limited has further reduced its aluminium ingot and aluminium products prices by INR 3,500 per tonne or 1.5 per cent with effect from Tuesday, February 14. That has brought the company’s aluminium ingot price to INR 226,750 per tonne versus INR 230,250 per tonne on February 10....
Alumina output in South America grows 6.5% in H2 2022 yet records a fall in full-year
According to the International Aluminium Institute (IAI), alumina production in South America grew by 4.83 per cent month-on-month to stand at 1.042 million tonnes in December 2022. That brought South America’s total output in Q4 2022 to 3.05 million tonnes, up by 3.35 per cent Q-o-Q from 2.951...
ASI acknowledges ALG Aluminium's rolling and casting operation against Performance Standard Certification
ALG Aluminium Inc. (ALG), a modern state-owned joint stock company invested in and controlled by Guangxi Investment Group Co., Ltd., has reportedly received ASI Performance Standard Certification for manufacturing aluminium alloy products at a facility in Nanning, China. The news came on Monday,...
China’s A00 aluminium ingot price marks a W-o-W downfall of RMB540/t on Feb 14; Alumina spot price gains RMB1/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has dipped by RMB 10 per tonne, marking the fourth consecutive fall. The data suggests though the price has lost only RMB 10 per tonne on Tuesday, February 14, it has registered a week-on-week fall of RMB 540 per tonne. The...
NALCO cuts its aluminium ingot price for the second time in less than a week by INR4300/t
National Aluminium Company Limited (NALCO) has cut its aluminium ingot and aluminium products prices for the second time in a row within a week. With effect from Saturday, February 11, NALCO has reduced its aluminium ingot price by INR 4,300 per tonne or 1.8 per cent to INR 231,850-235,350 per...
India’s aluminium scrap imports from the US continue to display M-o-M downtrend in Nov’22: USGS
India’s aluminium scrap imports from the United States have been falling through the past three months to reach as low as 28,800 tonnes in November 2022 versus 40,800 tonnes in October, according to the US Census Bureau data. That was a month-on-month decline of 12,000 tonnes or 29.41 per cent in...
SMM finds Turkey’s local aluminium industry chain unaffected by the catastrophic earthquake
Shanghai Metals Market reported, based on CCTV news and CCTV international news, that although the catastrophic earthquake in Turkey brought devastating effects, including 5,894 people killed in Turkey and 1,832 in Syria, it barely disrupted the local aluminium industry. Seydisehir, the only...
