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.
Mahanadi Coalfields Ltd plans to set up a greenfield aluminium project, already looking for a bauxite mine
Mahanadi Coalfields Limited (MCL), one of the eight subsidiaries of Coal India Limited and India’s major coal-producing companies, is mulling to make a debut in aluminium business and soon setting up a greenfield project. Sources say the mini ratna company is looking to secure a bauxite mine for...
2022: World aluminium production grows 2% amid energy crunch, China's output climbs 4% beating COVID restrictions
According to the International Aluminium Institute, world primary aluminium production in December 2022 amounted to 5.859 million tonnes, bringing the total output of 2022 to 68.417 million tonnes. The worldwide annual production in 2022 edged 1.97 per cent higher than 67.092 million tonnes a year...
Alcoa’s full-year 2022 revenue grows 2.5% Y-o-Y to $12,451 million amid volatile prices and energy supply challenge
On Wednesday, January 18, Alcoa Corporation announced its fourth quarter and full-year 2022 results, reporting a strong balance sheet. The organization worked hard to combat challenging market conditions throughout the year, like volatile alumina and aluminium prices and energy supply shortage. In...
China’s aluminium billet inventories continue to grow surpassing 100,000 tonnes this week
China’s aluminium billet inventories recorded a hike on Thursday, January 19, marking the fourth consecutive week of rise. According to the Shanghai Metals Market data, the inventories accumulated 37,200 tonnes from the previous week to reach 131,900 tonnes across five major consumption areas....
Vedanta’s aluminium wire rod & billet prices experience a slash of over 3% on Jan 20
Vedanta Limited has slashed the prices of aluminium products from January 20 following a surge on the previous day. The company has cut its aluminium wire rod price by INR 9,250 per tonne or 3.5 per cent to INR 245,500-253,000 per tonne as of January 20. On January 19, the price stood at INR...
A00 aluminium ingot price nears RMB19000/t at the week-end; aluminium alloy (A356) price marks fourth consecutive hike
A00 aluminium ingot price in China has grown for the fourth consecutive day by RMB 140 per tonne to near RMB 19,000 per tonne. According to the Shanghai Metals Market, the price has stopped at RMB 18,980 per tonne on Friday, January 20, with average prices estimated to range between RMB 18,960 per...
Ficci demands 12.5% duty on aluminium imports in FY2023-24 Union Budget
The Federation of Indian Chambers of Commerce & Industry (Ficci), a non-governmental trade association and advocacy group, has reportedly figured out the necessity of higher import duty on aluminium and aluminium products. According to a report, the association has sought at least 12.5 per cent of...
China’s aluminium imports record 26% slump in 2022 on sluggish consumption amid COVID-19
According to the recent data published by the General Administration of Customs released on Wednesday, January 18, China imported 2.39 million tonnes of unwrought aluminium and products, including primary metal and unwrought and alloyed aluminium. That reflected a year-on-year downfall of 25.6 per...
Hindalco’s aluminium ingot price sees a surge of 2.6% on January 19
Hindalco Industries Limited has escalated by INR 6,250 per tonne or 2.6 per cent, with effect from Thursday, January 19. This has brought the company’s aluminium ingot price to INR 246,250 per tonne versus INR 240,000 per tonne on January 18. Hindalco’s aluminium ingot price on January 18 witnessed...
A00 aluminium ingot price further up by RMB200/t enabling smelters to yield profit; Aluminium alloy price returns to RMB20000/t
A00 aluminium ingot price in China has recorded a hike for the third day in a row by RMB 200 per tonne to settle at RMB 18,840 per tonne, learned the Shanghai Metals Market data. The average prices are expected to range between RMB 18,820 per tonne and RMB 18,860 per tonne, with a spot contract to...
LME aluminium benchmark price closes 3% higher at US$2636/t; SHFE uptrends to US$2796/t
The three-month LME aluminium opened at US$2,618.50 per tonne on Wednesday, January 18, and closed at US$2,611.50 per tonne, a decrease of US$7 per tonne or 0.27 per cent. On the same day, the LME aluminium cash bid price and the LME aluminium official settlement price surged by US$73 per tonne and...
Alcore obtains a $3.3 million grant for developing aluminium bath recycling plant in Tasmania
Alcore, an 83 per cent owned subsidiary of ABx Group, has reportedly received an initial $3.3 million of a nearly $7.6 million grant for developing an aluminium bath recycling plant at Bell Bay in Tasmania. The funding, which will be used for the plant's construction, has come from the Federal...
NALCO’s aluminium ingot price escalates by 4% with effect from January 18
National Aluminium Company Limited (NALCO) has continued to significantly increase its aluminium ingot and aluminium products prices in line with the LME aluminium price hike. With effect from Wednesday, January 18, NALCO has escalated its aluminium ingot price by INR 10,000 per tonne to range...
LME aluminium benchmark price records a drop of 1.6% after two hikes in a row; SHFE gains US$10/t
The three-month LME aluminium opened at US$2,618.50 per tonne on Tuesday and closed at US$2,624.50 per tonne, an increase of US$6 per tonne or 0.23 per cent. On Tuesday, January 17, the LME aluminium cash bid price and the LME aluminium official settlement price recorded a downfall of US$40.50 per...
Attention! AlCircle is bringing a new e-Magazine on "Green Initiatives: Road to a sustainable aluminium industry"
Carbon emission is a sincere concern that is largely being addressed worldwide by companies and individuals. The aluminium industry is no exception in contributing its share of efforts to combat the issue. Producers, suppliers, and patrons across the value chain have been experimenting heavily to...
India’s aluminium scrap imports from US decline for the second straight month by 2% in Oct’22
India’s aluminium scrap imports from the United States continued to decline in October 2022 by 2.39 per cent or 1,000 tonnes month-on-month to peg at 40,800 tonnes, found the US Census Bureau data. In September 2022, India’s aluminium scrap import volume decreased by 9.33 per cent or 4,300 tonnes...
Rio Tinto’s 2022 aluminium output declines 4%, production cut at Kitimat smelter proves to be guilty
Rio Tinto Group, the world’s second-largest metals and mining corporation, has published the operational results for the fourth quarter and full year of 2022 ended December 31. In the report, the company noted its aluminium production in Q4 amounted to 783,000 tonnes, witnessing an increase of 3...
Alba’s Forced Cooling Network comes into operation at Potlines 4 & 5; expects to lift smelting capacity by 17000 TPA
On Monday, January 16, Aluminium Bahrain B.S.C. (Alba) held a programme to commission the Forced Cooling Network (FCN) Project at Potlines 4 and 5. The occasion was attended by Alba's Chairman Shaikh Daij bin Salman bin Daij Al Khalifa and Chief Executive Officer Ali Al Baqali, along with Directors...
