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.
Qatar Aluminium Manufacturing Company reports a record net profit of QR919 million for 2022
On Friday, February 3, Qatar Aluminium Manufacturing Company, a Qatari Public Shareholding Company, popularly known as QAMCO, announced its financial result for 2022 ended December 31, reporting a record net profit of QR919 million, up by 10.13 per cent from QR 834.5 million in 2021. The company’s...
Hindalco reduces its aluminium wire rod price by INR3250/t on February 3 after a significant hike
Hindalco Industries Limited has curtailed its aluminium products prices by INR 3,250 per tonne or 1.25 per cent, with effect from February 3. That brought the company’s aluminium wire rod price to INR 252,600 per tonne versus INR 255850 per tonne on February 2, up by INR 7,250 per tonne from...
SAMR and Standardization Administration of China issue energy consumption ceilings for aluminium production
According to a recent report, the State Administration for Market Regulation (SAMR), the ministerial-level agency directly under the State Council of China, together with the Standardization Administration of the People’s Republic of China, has issued energy consumption ceilings for aluminium and...
NALCO’s aluminium ingot price gains INR1100/t as of February 1, 2023
National Aluminium Company Limited (NALCO) has slightly increased its aluminium ingot and aluminium products prices, with effect from February 1, in line with a slow growth rate of the LME aluminium benchmark price between January 26 and February 1. According to the new price chart revealed, NALCO...
Alba reports a 16% revenue growth to BD1,840.9 million in 2022 but a 7% decline in profit due to higher production costs
On Thursday, February 2, Aluminium Bahrain B.S.C. (Alba) reported its fourth quarter and full-year 2022 financial results, announcing a sharp downfall of Q4 profit by 78 per cent year-on-year from BD181.2 million (US$481.8 million) to BD39.4 million (US$104.9 million). For the full year, Alba...
Kuusakoski Group invests 25 M€ to ramp up the recycling capacity of non-ferrous metals, including aluminium
Kuusakoski Group Oy, a recycling pioneer and the only recycled aluminium producer in Finland, has reportedly invested 25 M€ in a new production line at the recycling plant in Heinola. This project will ramp up the company’s recycling capacity for non-ferrous metals, including aluminium. The demand...
Africa & Asia’s alumina production slows down 4.6% in 4Q2022; but scales up for full-year to 13.79 Mt
In Africa & Asia (ex-China), alumina production during December 2022 stood at 1.129 million tonnes, bringing the total output in the fourth quarter to 3.349 million tonnes, found the International Aluminium Institute. The monthly production stood restrained M-o-M and 5 per cent lower Y-o-Y than...
ASI certifies Yunnan Hongtai New Material against Performance Standard for liquid aluminium and ingot production
On Wednesday, February 1, Aluminium Stewardship Initiative announced it successfully certified Yunnan Hongtai New Material Co., Ltd., a subsidiary operation of China Hongqiao Group Co., Ltd., against the Performance Standard V2 (2017) Certification. Yunnan Hongtai, located in Wenshan City, is...
Rusal starts producing aluminium-scandium master alloys at its Krasnoyarsk Aluminium Smelter
According to a report on Wednesday, February 1, Rusal has started producing aluminium-scandium master alloys, the most technologically complex among melted master alloys, at its Krasnoyarsk Aluminium Smelter. Master alloy is a base metal consisting of a relatively high percentage of one or two...
Vedanta cuts its aluminium ingot price by INR3500/t on Feb 1 in line with three consecutive LME price declines
Vedanta Limited has curtailed its aluminium ingot and aluminium products prices by INR 3,500 per tonne, with effect from February 1, 2023. That brought the company’s aluminium ingot price to INR 238,500-269,000 per tonne versus INR 242,000- 272,500 per tonne on January 31. Vedanta’s aluminium wire...
Iranian alumina production grows 1% in nine months, led by an output rise in Q3 to 57,394 tonnes
A report has recently revealed that Iran produced 176,239 tonnes of alumina powder in the nine months of the Iranian calendar year (March 21-December 21, 2022). The report suggests a 1 per cent rise year-on-year from 175,284 tonnes. In the third quarter (September 21-December 21), Iran’s alumina...
US domestic primary aluminium output records a 3% drop M-o-M in Nov’22, but daily production grows 1%
According to the US Census Bureau data, the United States domestic primary aluminium production in November 2022 stood at 62,000 tonnes, registering a decrease of 2,000 tonnes or 3.15 per cent month-on-month from 64,000 tonnes. The USGS data also shows the US primary aluminium output in November...
ALRO S.A., the first European aluminium facility to have received the new ASI Performance Standard V3 Certification
ALRO, one of the largest vertically integrated aluminium producers in Europe, has reportedly bagged the new updated ASI Performance Standard V3 (2022) Certification for its ALRO S.A. operations in Slatina, Romania. ASI has issued its new updated ASI Performance Standard certification for the first...
Hindalco’s aluminium wire rod price dips by INR1500/t on January 31
Hindalco Industries Limited has trimmed its aluminium products and aluminium ingot prices, with effect from January 31, following a surge in the previous week. The company has cut its aluminium wire rod price by INR 1,500 per tonne to sell the product at INR 252,100 per tonne versus INR 251,600 per...
World alumina production in 2022 improves slightly Y-o-Y to 139 Mt; China's contribution accounts for 56.6%
According to the International Aluminium Institute, world alumina production in 2022 totalled 139.02 million tonnes, reflecting a marginal growth of 0.31 per cent from 138.587 million tonnes last year. China, the world’s leading alumina producer, contributed the highest to 2022 output by producing...
Glencore delivers 40,000 tonnes of Russian aluminium to LME-approved warehouses in South Korea
One of the world’s leading marketers of physical commodities, Glencore, has reportedly delivered 40,000 tonnes of Russian aluminium to the LME-approved warehouses in the South Korean port of Gwangyang, two sources familiar with the matter reported to Reuters. The addition of Russian metal to LME...
China’s primary aluminium inventories record 185,000 tonnes of a hike on resumption from the CNY holiday
According to the Shanghai Metals Market, China’s social inventories of primary aluminium across eight major consumption areas totalled 986,000 tonnes as of Monday, January 30, up 57,000 tonnes from 929,000 tonnes on January 28 and 242,000 tonnes higher than the pre-Chinese New Year level. As of...
Africa’s primary aluminium production dips 1.45% Q-o-Q in the December quarter of 2022; Total output in the year grows 2%
According to the International Aluminium Institute, primary aluminium production in Africa stood at 140,000 tonnes during December 2023, registering a hike of 11.11 per cent or 14,000 tonnes month-on-month from 126,000 tonnes. On a year-on-year basis, Africa’s primary aluminium output in...
