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.
Vedanta’s aluminium wire rod price experiences a continued cut of 2% with effect from February 10
Vedanta Limited has further reduced its aluminium ingot and aluminium products prices in response to the incessant LME aluminium price fall for over a week. The latest price chart indicates the company’s aluminium wire rod price has experienced a cut of INR 5,000 per tonne or 2 per cent, with...
Hindalco deducts INR5000/t from its aluminium ingot price with effect from February 10
Hindalco Industries Limited has continued reducing the prices of its aluminium ingot and aluminium products, effective from Friday, February 10, for the past week. Today’s deduction marks the third consecutive cut bringing the company’s aluminium ingot price to INR 230,250 per tonne, down by INR...
China’s metallurgical-grade alumina output drops 1% in January 2023 due to production halt at refineries
In January 2023 (31 calendar days), China’s metallurgical-grade alumina production stood at 6.37 million tonnes, registering a drop of 0.93 per cent month-on-month from 6.43 million tonnes, found the Shanghai Metals Market data. On a year-on-year calculation, the output in January recorded an...
Vedanta Aluminium expands its wire rod offerings at IAC 2023 with the new 12 mm version
On Thursday, February 9, Vedanta Aluminium grabbed the opportunity at its first International Aluminium Conference (IAC) 2023 to have announced the launch of a 12 mm aluminium wire rod for the electrical industry. Vedanta Aluminium is a world-renowned producer (outside China) of high-quality...
China’s domestic A00 aluminium ingot price plummets by RMB310/t; Aluminium alloy (A356) price settles below RMB20000/t
According to the Shanghai Metals Market data, China’s domestic A00 aluminium ingot price has plummeted for the second day in a row by RMB 310 per tonne to come close to the RMB 18,500 per tonne level. As per the data shown, the price stands at RMB 18,570 per tonne as of Friday, February 10, with...
Hindalco posts a 20% hike in nine months revenue for FY23 on higher primary aluminium shipments
On Thursday, February 9, Hindalco Industries Limited, a subsidiary of the Aditya Birla Group, announced the fourth quarter results ended December 31, FY2022-23, reporting a 6 per cent year-on-year rise in revenue to INR 53,151 crore. But on a quarter-on-quarter basis, the revenue stood 5.38 per...
Vedanta reduces its aluminium ingot selling price by INR6250/t with effect from February 7
Vedanta Limited has extended its aluminium ingot and products price cut with effect from Tuesday, February 7. The company has reduced its aluminium ingot price by INR 6,250 per tonne or 2.58 per cent to INR 236,250-266,750 per tonne versus INR 242,500-273,000 per tonne on February 3. Vedanta’s...
China’s domestic aluminium production sets a reserve tone at the beginning of 2023 on lower operating rate
According to the Shanghai Metals Market data, China’s domestic aluminium production in January 2023 (31 calendar days) recorded a marginal drop of 0.6 per cent month-on-month to 3.42 million tonnes. In December 2022 (31 calendar days), the domestic output had grown by 3 per cent M-o-M from 3.34...
Ball Corporation reports an 18% drop in annual net earnings for 2022 despite higher sales of beverage packaging
On February 2, Ball Corporation announced the full-year 2022 and the fourth quarter results on a U.S. GAAP basis, reporting net earnings for the entire year attributable to the corporation of $719 million or diluted earnings per share of $2.25. That was a downfall of 18.22 per cent from the...
Hindalco’s aluminium products prices see a slash for the second time in less than a week by INR6250/t
Hindalco Industries Limited has significantly reduced its aluminium products and aluminium ingot prices for the second consecutive time, in line with the back-to-back LME aluminium price fall since February 1. With effect from Tuesday, February 7, Hindalco has curtailed its aluminium wire rod price...
Primary aluminium output in Russia and Eastern Europe records a 2% Y-o-Y fall during 4QCY2022
According to the International Aluminium Institute, primary aluminium production in Russia and Eastern Europe amounted to 343,000 tonnes during December 2022, registering a monthly hike of 10,000 tonnes or 3 per cent from 333,000 tonnes but a yearly decline of 8,000 tonnes or 2.3 per cent from...
Hydro to start producing remelt aluminium scrap ingot in Wrexham, the project to create 30 new jobs
According to a recent report, Hydro has planned to initiate the production of remelt aluminium scrap ingot at Wrexham plant, UK, to increase the recycling of post-consumer scrap. This project will take the company closer to its sustainability drive by enabling it to offer more low-carbon aluminium...
NALCO sharply cuts its aluminium prices by INR7800/t on Feb. 7 as LME price plummets by 5% through a week
National Aluminium Company Limited (NALCO) has slashed its aluminium ingot and aluminium products prices after four successive hikes in response to the LME aluminium price plunge during February 1-7, 2023. With effect from February 7, NALCO has curtailed its aluminium ingot price by INR 7,800 per...
China’s primary aluminium inventories swiftly increase to 1.14 million tonnes over this weekend
China’s social inventories of primary aluminium have built-up by 96,000 tonnes over the weekend ended February 6, 2023, across eight major Chinese consumption areas, including SHFE warrants, to stand at 1.14 million tonnes, found the Shanghai Metals Market data. On a week-on-week basis, the...
Europe’s alumina production slumps 21% Y-o-Y to 8.2 Mt in 2022, led by a sluggish output in H2
According to the International Aluminium Institute, alumina production in Europe (incl. Russia) totalled 8.219 million tonnes during 2022, registering a downfall of 20.97 per cent year-on-year from 10.4 million tonnes. In the fourth quarter of 2022, Europe’s aluminium oxide output amounted to 1.722...
MAAN Aluminium records 257% Y-o-Y hike in net profit for 3QFY23
MAAN Aluminium, an India-based aluminium products manufacturer and seller, announced its third quarter results that ended December 31, FY2023, reporting net sales of INR 189.62 crore versus INR 188.20 crore in the September quarter. The data indicated the company’s Q3 net sales improved marginally...
ASI certifies Binzhou Hongzhan Aluminium Technology against Performance Standard for aluminium alloy rolled production
On February 1, Aluminium Stewardship Initiative certified Binzhou Hongzhan Aluminium Technology Co., Ltd., a subsidiary operation of China Hongqiao Group Co., Ltd., against its Performance Standard V2 (2017) for the research & development, and production and sales of aluminium alloy rolled...
Vedanta’s aluminium ingot price slips by INR3000/t with effect from February 3
Vedanta Limited reduced its aluminium ingot and aluminium products prices by INR 3,000 per tonne on Friday, February 3, following an increase of INR 7,000 per tonne on the previous day. On February 3, Vedanta’s aluminium ingot price came in at INR 242,500-255,500 per tonne, compared to INR...
