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 products prices witness a 2% hike with effect from January 14
Vedanta Limited lifted its aluminium products and aluminium ingot prices by INR 4,500 per tonne on Saturday, January 14. That brought the company’s aluminium wire rod price to INR 243,000-250,500 per tonne versus INR 238,500-246,000 per tonne on January 12. With the latest hike, Vedanta’s aluminium...
Goldman Sachs projects bullish global aluminium price trend in 2023 buoyed by higher demand
The Goldman Sachs Group, a leading global investment bank and financial services company, shared aluminium price forecasts whereby it projected a growth led by soaring demand in Europe and China. But the setback it might create is supply shortages. As per the prediction noted by analysts like...
Hindalco continues to increase its aluminium prices in line with LME price rally; ingot price sums at INR234,500/t
Hindalco Industries Limited back-to-back hiked its aluminium ingot and aluminium products prices on January 14. Previously, on January 12, Hindalco lifted its aluminium ingot price by INR 3,250 per tonne from INR 226,750 per tonne to INR 230,000 per tonne. On Saturday, January 14, the price was...
Aluminium extruders operating rates dip 1.4 percentage points M-o-M in Dec’22 due to demand drop from real estate
In December 2022, the average operating rate of aluminium extruders recorded a month-on-month drop of 1.4 percentage points and a year-on-year decline of 14 percentage points to stand at 36.5 per cent, found the Shanghai Metals Market data. The average operating rate of large enterprises was 37.8...
A look back on key investments and developments in the primary aluminium sector, 2022
In the midst of a potential demand-supply scenario across the primary aluminium sector, given the rising investments towards reducing the carbon footprint at production, there were some key developments in global primary aluminium projects in 2022. While some projects were for developing clean...
China's aluminium billet inventories build up 15,100 tonnes W-o-W to exceed 90,000 tonnes: SMM
Social inventories of aluminium billets in China have further built up 15,100 tonnes week-on-week to peg at 95,000 tonnes on January 12 across the five major consumption areas. Except for Changzhou, all the major markets have witnessed a growth in billet inventories this week, driven by high...
NALCO’s aluminium ingot price skyrockets by INR13500/t on January 12
National Aluminium Company Limited (NALCO) has escalated its aluminium ingot and aluminium products prices sharply on Thursday, January 12, in response to the LME aluminium benchmark price rally for over the past three days. The company has lifted its aluminium ingot price by INR 13,500 per tonne...
China’s bauxite import grows 31% M-o-M in Nov'22 as Guinea increases its supply on Indonesia's foreseeable export ban
According to China customs data, the country imported 11.79 million tonnes of bauxite in November 2022, which recorded a month-on-month hike of 31.29 per cent from 8.98 million tonnes and a year-on-year surge of 53 per cent. From January to November 2022, China’s total bauxite imports amounted to...
LME aluminium price rallies by US$54/t to close at US$2451/t; SHFE price edges a US$21/t hike
Three-month LME aluminium opened at US$2,458 per tonne on Wednesday and closed at US$$2,489 per tonne, an increase of US$26 per tonne or 1.06 per cent. On Wednesday, January 11, both the LME aluminium cash bid price and the LME aluminium official settlement price recorded a surge for the third day...
Hindalco’s aluminium ingot price further accumulates INR5000/t on January 11
Hindalco Industries Limited has hiked its aluminium ingot and aluminium products prices for the second day in a row on January 11, 2023. With the recent price rise, the company’s aluminium ingot price has come in at INR 226,750 per tonne per tonne, up by INR 5,000 per tonne or 2.25 per cent from...
IOC Phinergy Ltd to build the first-ever full ecosystem in Aluminum—Air battery in India
Indo-Israeli JV IOC Phinergy Limited (IOP) is establishing the first-ever full ecosystem for Aluminum-Air battery in India, including R&D, manufacturing and associated services. This project will lead India’s dream to inspire more people to adopt electric vehicles (EVs) to reduce dependence on...
China’s monthly aluminium production records 3% growth M-o-M in Dec’2022, but daily output drops 300 tonnes
According to the Shanghai Metals Market data, China’s aluminium production in December 2022 (31 calendar days) was recorded at 3.44 million tonnes – 2.99 per cent more than 3.34 million tonnes in the previous month and 8.18 per cent higher than 3.14 million tonnes a year earlier. The cumulative...
Constellium bags one more jet contract; commits multi-year flat-rolled aluminium supply to Daher
Constellium, a global leader in the development, manufacturing, and recycling of aluminium products, will reportedly supply a wide range of aluminium flat-rolled products to Daher, a French aircraft manufacturer. The news came after Constellium announced on January 10 that it entered into a...
US domestic primary aluminium production improves 3000 tonnes M-o-M in Oct’22, with negligible change in daily output
The United States domestic primary aluminium production in October 2022 stood at 64,000 tonnes, registering an increase of 3,000 tonnes month-on-month from 61,000 tonnes in September, found the US Census Bureau data. But on a year-on-year calculation, the output decreased by 12,000 tonnes or 15.8...
Vedanta Ltd lifts its aluminium ingot price by INR7,750/t with effect from January 10
Vedanta Limited has lifted its aluminium ingot and aluminium products prices by INR 7,750 per tonne, with effect from Tuesday, January 10. That has brought the company’s aluminium ingot price to INR 222,750-253,250 per tonne versus INR 215,000-245,500 per tonne on January 7. Vedanta’s aluminium...
China’s metallurgical-grade alumina output mounts to 77.68 Mt in 2022 amid energy price surge and pandemic outbreak
According to the Shanghai Metals Market, China’s metallurgical-grade alumina output in December 2022 (31 calendar days) stood at 6.43 million tonnes, reflecting a month-on-month rise of 2.2 per cent from 6.29 million tonnes and a year-on-year increase of 1 per cent from 6.36 million tonnes. But...
China’s primary aluminium inventories reach 622,000 tonnes on Jan 9, with Wuxi contributing the highest
According to the Shanghai Metals Market, social inventories of primary aluminium accumulated 46,000 tonnes over the weekend across the eight major Chinese consumption areas, including SHFE warrants, as of Monday, January 9. The inventories have come in at 622,000 tonnes versus 576,000 tonnes on...
Alcoa to cut 30% production at Kwinana alumina refinery for natural gas shortage
Alcoa Corporation, the world’s eighth-largest aluminium producer, announced on Monday, January 9, that it expects to cut nearly 30 per cent of production at its partially-owned Kwinana alumina refinery in Western Australia. Shortage of gas supplies is the reason behind the production cut, explained...
