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.
LME aluminium benchmark price slumps by US$50.5/t; but SHFE price heightens by US$34/t
Three-month LME aluminium opened at US$2,412 per tonne on Thursday, with high and low at US$2,419.5 per tonne and US$2,361 per tonne, respectively, before closing at US$2,379 per tonne, a drop of US$15 per tonne or 0.62 per cent. On Thursday, November 17, LME aluminium cash bid price and LME...
China’s aluminium billet inventories gain 6400 tonnes this week on cargo arrivals
According to the Shanghai Metals Market, aluminium billet inventories in China have accumulated 6,400 tonnes over the week ending November 17, 2022, amounting to 60,600 tonnes. Last Thursday, November 10, inventories fell by almost the same amount (6,300 tonnes) to stand at 54,200 tonnes. Increase...
Hind Aluminium reports 310% YoY surge in net profit for the September quarter amid net sales fall
Hind Aluminium Industries Limited, a manufacturer of aluminium and alloy conductors and aluminium wire rods, announced its second quarter results ended September 30. The company reported its net sales nosedived by 90 per cent year-on-year from INR 8.00 crore to INR 0.80 crore and a...
NALCO’s aluminium ingot price continues to grow back-to-back accumulating INR5600/t on Nov. 16
National Aluminium Company Limited (NALCO) has continued to increase its aluminium ingot and aluminium products prices, for the third time in a row, with effect from Thursday, November 16. The company has hiked its aluminium ingot price by INR 5,600 per tonne or 2.5 per cent from INR 222,350-...
Chinese alloy producer Jiangsu Goka Light Alloy Co., Ltd. joins ASI as a Production and Transformation member
Aluminium Stewardship Initiative has reportedly announced the joining of Jiangsu Goka Light Alloy Co., Ltd. as a new Production and Transformation member. Established in 2020, Jiangsu Goka Light Alloy Co., Ltd. is located in Yancheng City, Jiangsu Province, over 44000 square metres. Equipped with...
Vedanta’s aluminium wire rod & billet prices further elevate by INR2000/t with effect from Nov. 16
Vedanta Limited’s aluminium products prices have witnessed further expansion over the past four days ending November 16. The company’s aluminium wire rod price has been grown by INR 2,000 per tonne to INR 234,000-241,500 per tonne, following a significant hike of INR 9,250 per tonne on Saturday,...
Hindalco expands its aluminium ingot price by INR2000/t with effect from November 16
Hindalco Industries Limited has extended its aluminium ingot and aluminium products price hike, with effect from Wednesday, November 16, although at a lower rate than November 12. Hindalco has expanded its aluminium ingot price by INR 2,000 per tonne from INR 222,250 per tonne on November 12 to INR...
US aluminium crude metals and alloys imports from Australia jump 354% in Aug’22 after touching YTD low a month ago
According to the US Census Bureau data, the United States aluminium crude metals and alloys imports from Australia recorded a month-on-month jump of 353.68 per cent to 19,100 tonnes in August 2022. Last month, the import volume was abysmally low at 4,210 tonnes compared to 34,800 tonnes in June. A...
Alumina production in South America shrinks during Sept’22 but records a 6% hike for Q3 to 2.95 MT
In South America, alumina production during September 2022 stood at 981,000 tonnes, bringing the total output for the third quarter of the year to 2.951 million tonnes, found the International Aluminium Institute (IAI). The monthly production in September edged 15,000 tonnes or 1.51 per cent lower...
Bulgarian aluminium products manufacturer Alcomet to invest in rooftop solar PV installation
A leading Bulgarian manufacturer of aluminium rolled and extruded products, Alcomet AD, said it would invest in a rooftop solar photovoltaic (PV) installation with a capacity of 2 megawatts. The news came after Alcomet said in a bourse filing on Friday, specifying that PV installation would be...
China’s primary aluminium production grows 9.5% in October; strong output amid weak domestic demand weighs on prices
The National Bureau of Statistics revealed China’s primary aluminium production in October 2022 increased by 9.5 per cent year-on-year, bolstered by the ease of power consumption curb than the previous year and growing exports. NBS data showed the country produced 3.45 million tonnes of the metal,...
China’s primary aluminium inventories stand 23,000 tonnes lower over the weekend, shows SMM
According to the Shanghai Metals Market, social inventories of primary aluminium across China’s eight major consumption areas, including SHFE warrants, totalled 553,000 tonnes, losing further 23,000 tonnes over the weekend ended November 14. On a week-on-week basis, primary aluminium inventories...
Vedanta’s aluminium ingot price sees a hike of INR9250/t with effect from November 12
Vedanta Limited hiked its aluminium ingot and aluminium products prices, with effect from Saturday, November 12, after a cut by INR 6,250 per tonne on the previous day. On November 12, Vedanta’s aluminium ingot price saw an expansion of INR 9,250 per tonne from INR 215,250-246,250 per tonne to INR...
GIADEC is working on doubling Ghana Bauxite Company’s production capacity
Ghana Integrated Aluminium Development Corporation (GIADEC) is reportedly working on increasing the production capacity of the Ghana Bauxite Company (GBC) from one million tonnes per annum to two million tonnes per annum. The news came after Mr Michael Ansah, the Chief Executive Officer of the...
Hindalco elevates its aluminium wire rod price by 4% with effect from Nov. 12 after three successive cuts
After three successive cuts on November 8, 10 and 11, Hindalco Industries Limited elevated its aluminium products and aluminium ingot prices, with effect from Saturday, November 12. The company lifted its aluminium wire rod price by INR 9,250 per tonne or 4.07 per cent to sell the item at INR...
Why buy AlCircle’s report: “Future of the Global Aluminium Castings Industry - Market analysis and industry forecast to 2027”?
AlCircle recently published a report on “ Future of the Global Aluminium Castings Industry - Market analysis and industry forecast to 2027 ” to explore the prodigious market of aluminium castings, thanks to its ability to absorb large volumes of recycled aluminium produced from post-consumer scrap....
China’s domestic alumina price continues its downtrend at RMB2776/t causing losses to refineries; aluminium ingot price gains RMB20/t
The average alumina spot price has continued to decline across China by RMB 2 per tonne on Monday, November 14, to stand at RMB 2,776 per tonne. In Shandong, alumina price has lost RMB 10 per tonne to open the week at RMB 2,710 per tonne, according to the Shanghai Metals Market. As a result of the...
Novelis to supply high-recycled, flat-rolled aluminium for VELUX roof windows, promoting circular economy
Novelis has agreed to supply high-recycled, flat-rolled aluminium to VELUX Group for use in roof windows. The news came on Friday, November 11, after Novelis and VELUX Group entered into a partnership contract. As per the report, VELUX Group is hopeful to meet its carbon emissions goal by 2030...
