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.
Hindalco’s aluminium wire rod & billets prices shrink by INR1500/t with effect from Jan 7
Hindalco Industries Limited has cut its aluminium products and aluminium ingot prices for the third time in a row since the year 2023 began. With effect from Saturday, January 7, Hindalco has trimmed its aluminium wire rod price by INR 1,500 per tonne from INR 226,600 per tonne to INR 225,100 per...
Hydro Rein and Atlas Renewable Energy’s solar project secures US$210 million loan; decarbonisng Brazil aluminium industry in progress
Hydro Rein and Atlas Renewable Energy’s joint venture to build the Boa Sorte solar park in Paracatu, Minas Gerais, has secured financial aid, according to the report published on January 6. Hydro said the JV obtained the first US dollar indexed loan executed by Banco Nacional de Desenvolvimento...
NALCO reduces its aluminium ingot price by INR9400/t on Jan 6 in line with LME price contract
National Aluminium Company Limited (NALCO) has slashed its aluminium ingot and aluminium products prices, with effect from January 6, in line with the plunge in LME aluminium benchmark price by US$95 per tonne through the last week. NALCO has sharply cut its aluminium ingot price by INR 9,400 per...
Downstream weekly recap: Craftsman buys 76% share in DR Axion India at INR 3.75 billion; Xingfa Aluminium acquires 4% stake in Guangdong Province Trading
This week noted some crucial developments in the aluminium downstream industry, from Craftsman Automation Ltd.’s investment announcement of INR 3.75 billion to purchase a 76 per cent share in DR Axion India Pvt to Kaiser Aluminium’s 2021 Sustainability Report. Besides, Romanian aluminium components...
Vedanta lifts its aluminium ingot price by INR1250/t on January 6 after a slash on the previous day
Vedanta Limited has increased its aluminium ingot and alumium products prices, with effect from Thursday, January 6, following a slash last day. On January 6, Vedanta’s aluminium ingot price has seen a rise of INR 1,250 per tonne to peg at INR 217,500-248,000 per tonne. On January 5, the price...
Europe’s alumina production records a continued M-o-M fall by 3% in Nov’22, indicating a bearish Q4 output
Alumina production in Europe (incl. Russia) amounted to 577,000 tonnes in November 2022, bringing the total output in eleven months of 2022 to 7.668 million tonnes, found the International Aluminium Institute. The production in November edged 2.86 per cent or 17,000 tonnes lower month-on-month than...
Guizhou Power Grid imposes third round of power rationing on aluminium smelters to curb energy shortage
The Shanghai Metals Market reported on Thursday, January 5, that Guizhou Power Grid issued a new notice, stating the power load across the province continued to run at a high level due to the steep rise in heating demand for low temperatures. Therefore, the power shortage extended even after two...
Vedanta’s aluminium ingot price sees a cut of INR1750/t on January 4
Vedanta Limited has reduced its aluminium ingot and aluminium products prices with effect from Wednesday, January 4. The company’s aluminium ingot price has seen a cut of INR 1,750 per tonne, reaching INR 223,750-254,250 per tonne versus INR 225,500-256,000 per tonne on January 3. Vedanta’s...
Hindalco’s first price revision of the year brings aluminium wire rod price down by INR3000/t w.e.f. January 4
Hindalco Industries Limited has revised its aluminium products and aluminium ingot prices for the first time in the New Year. With effect from Wednesday, January 4, Hindalco has cut its aluminium products prices by INR 3,000 per tonne or 1.27 per cent, bringing the aluminium wire rod price to INR...
Vedanta Limited reports a 2% Q-o-Q drop in aluminium production for 3QFY23
On Tuesday, January 3, Vedanta Limited announced its aluminium production recorded a drop of 2 per cent over a quarter to stand at 566,000 tonnes in the third quarter of the current financial year. In Q2 FY2023, Vedanta’s aluminium output was 584,000 tonnes, reflecting a 2 per cent rise...
China’s primary aluminium inventories build up 68,000 tonnes over New Year’s holiday reaching above 500K tonnes
According to the Shanghai Metals Market, social inventories of primary aluminium built up 68,000 tonnes over the New Year’s holiday across eight major consumption areas, including SHFE warrants, to reach 561,000 tonnes as of Tuesday, January 3, 2023. On a week-on-week calculation, the inventories...
NALCO adds INR1000/t to its aluminium ingot selling price with effect from January 1, 2023
A week after the last update, National Aluminium Company Limited (NALCO) slightly increased its aluminium ingot and aluminium products prices on January 1, 2023. The company’s aluminium ingot price welcomed the New Year, reaching INR 225,250-228,750 per tonne, up by INR 1,000 per tonne from INR...
Mumbai-based ad agency to create brand films for Asahi’s AIS aluminium windows brand
Asahi India Glass Ltd., India’s leading integrated glass and windows solutions company, has reportedly hired Mumbai-based advertising agency Enormous Brands to create promotional films for their AIS Windows brand, which has a range of uPVC and aluminium doors and windows solutions. The advertising...
Decline in US aluminium scrap exports to South Korea during Sep’22 leads to a quarterly fall by 18%
According to the US Census Bureau data, the United States aluminium scrap exports to the Republic of Korea or South Korea in September 2022 stood at 20,800 tonnes, registering a decline of 6.3 per cent month-on-month. However, in August, the exports increased sequentially by 14.43 per cent from...
North America’s primary aluminium production in Nov’22 stands restrained Y-o-Y; Output in South America grows 19%
In November 2022, primary aluminium production in North America stood at 308,000 tonnes, reflecting a drop of 5,000 tonnes or 1.60 per cent M-o-M following an increase in the previous month, found the International Aluminium Institute. In October 2022, the output grew by 12,000 tonnes or 4 per cent...
Africa & Asia’s (ex-China) alumina production in Nov'22 stoops down by 4.4% M-o-M to 1.129 Mt: IAI
Alumina production in Africa & Asia (ex-China) amounted to 1.129 million tonnes during November 2022, which recorded a month-on-month downfall of 4.40 per cent. In October 2022, Africa & Asia’s alumina output was 1.181 million tonnes, up by 6.01 per cent from 1.114 million tonnes a month ago. On a...
Vedanta Aluminium celebrates Christmas with ‘Safety Santa’ to build a safe work zone
This year, Vedanta Aluminium celebrated Christmas in a new fashion, organising an innovative safety sensitisation campaign at its plant and township. Keeping the objective in mind while also the Christmas vibe, they named the campaign ‘Safety Santa’. The company’s personnel dressed as Santa Claus...
Hindalco’s aluminium wire rod & billets prices accumulate INR1250/t over a week
Hindalco Industries Limited has further increased its aluminium products prices, with effect from Friday, October 30, although at a lower rate than the previous day. With the latest rise, Hindalco’s aluminium wire rod price has come in at INR 237,100 per tonne, down by INR 1,250 per tonne from INR...
