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.
China’s aluminium production reflects a 7.8% rise Y-o-Y to 3.41 million tonnes in October’22
According to the Shanghai Metals Market, China’s aluminium production amounted to 3.41 million tonnes in October (31 calendar days), with daily output of 110,100 tonnes. The monthly output reflected a 7.8 per cent growth year-on-year, driven by domestic operating capacity rise in October and more...
Alba books a profit above $1 billion in nine months of 2022, with comprehensive income growing 51% Y-o-Y
Aluminium Bahrain B.S.C. (Alba), one of the world’s leading aluminium companies headquartered in the Middle East, has announced the third quarter and nine months results ended September 30, 2022. As per the report, Alba has booked a profit of BD48 million (US$127.6 million) for the third quarter of...
NALCO’s aluminium ingot price grows for the second time in a row by INR5300/t on November 10
National Aluminium Company Limited (NALCO) has elevated its aluminium ingot and aluminium products prices for the second consecutive time since November 1, although slightly at a lower rate. Compared to a hike of INR 6,600 per tonne on November 1, NALCO increased its aluminium ingot price by INR...
China’s Oct. alumina output dips to 6.68 Mt M-o-M owing to production cut for higher operating costs
According to the Shanghai Metals Market, China produced 6.68 million tonnes of metallurgical-grade alumina in October 2022 (31 calendar days), with daily output of 215,400 tonnes. The monthly production stood 0.61 per cent down M-o-M but 10.3 per cent more over the year. At the end of October, the...
NALCO posts a 2% Y-o-Y drop in total income for 2QFY23 on higher expenses of INR3312.95 crore
On Wednesday, November 9, National Aluminium Limited (NALCO) announced its financial results for the second quarter and first half of the fiscal year 2023 ended September 30. The company declared its total income stood at INR 3,558.83 crore during Q2 FY23 compared to INR 3,846.22 crore in Q1 and...
India’s aluminium scrap imports from US grow 11.3% in August'22 after a month of restraint
According to the US Geological Survey (USGS) data, India imported 46,100 tonnes of aluminium scrap from the United States in August 2022. That reflected an increase of 5,200 tonnes or 11.28 per cent sequentially, following restraint in the previous month at 40,900 tonnes. In June, India’s aluminium...
Hindalco’s aluminium ingot price shrinks by INR2000/t with effect from November 8
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices by INR 2,000 per tonne, with effect from Tuesday, November 8. This follows a hike of INR 6,250 per tonne in the previous week, November 5. As per the latest price chart revealed by Hindalco, its aluminium...
Hydro Rein, Commerz Real form JV to develop solar projects in Denmark, expect to decarbonise aluminium industry
Hydro Rein and Commerz Real are reportedly forming a joint venture to acquire and develop two early-phase solar projects in Jylland, Denmark. These are the first-ever investments in the Danish photovoltaic market for Commerz Real. The construction of the projects is expected to start in 2024, and...
Novelis’ net income from operations fall 23% for 2QFY23 despite growing net sales, higher input costs being liable
Novelis Inc., the world’s leading recycler and aluminium flat rolled producer announced its second-quarter results for the financial year 2023 on Tuesday, November 8. The company declared its net income attributable to common shareholders decreased by 23 per cent year-on-year to $183 million. Net...
Vedanta curtails its aluminium wire rod price by INR2000/t with effect from November 8
Vedanta Limited has curtailed its aluminium products and aluminium ingot prices by INR 2,000 per tonne or 1 per cent, with effect from Tuesday, November 8. With the latest cut, the company’s aluminium wire rod price has come in at INR 225,750-233,250 per tonne versus INR 227,750- 235,250 per tonne...
South32 suspends potline at Mozal aluminium smelter after two deaths and one injury in an accident
According to a recent report, South32 has temporarily stopped its potline at Mozal aluminium smelter in Mozambique after an accident on Monday, November 7, caused two deaths and one injury of a contractor. The news came after South32 reported: “Reduction operations in Potroom A at Mozal have been...
Alumina production in Europe (incl.) Russia edges 6.2% downfall sequentially for September quarter
In Europe (incl.) Russia, alumina production for the third quarter of 2022 totalled 1.968 million tonnes, reflecting a decrease of 6.2 per cent sequentially from 2.098 million tonnes, found the International Aluminium Institute (IAI). The quarter-on-quarter decline in Europe’s alumina output...
Century Aluminum’s net sales losses 25.6% sequentially for Q3 on lower shipments, but net income grows by $6.9 million
On Monday, November 7, Century Aluminum Company, a US-based primary aluminium producer, announced its third quarter results ended September 30, 2022, whereby it declared its net income growing $6.9 million sequentially to $44.3 million. In Q2, the company yielded a net income of $37.4 million....
Primary aluminium inventories in China decline to a new low this year at 571,000 tonnes: SMM
Social inventories of primary aluminium in China have further lost 9,000 tonnes over the weekend ended November 7, 2022, across eight major consumption areas, including SHFE warrants, found the Shanghai Metals Market. Thus, the inventories froze at 571,000 tonnes as of November 7, down by 42,000...
Hindalco Industries elevates its aluminium wire rod & billets prices by INR6250/t on November 5
Hindalco Industries Limited lifted its aluminium products prices on Saturday, November 5, after trimming it on Thursday, November 3, by INR 1,500 per tonne. With effect from November 5, Hindalco’s aluminium wire rod price stands at INR 229,100 per tonne, up by INR 6,250 per tonne or 2.80 per cent...
Maan Aluminium yields 19% higher revenue from operations Y-o-Y to 1.88 billion for 2QFY23
On Monday, November 7, Maan Aluminium Limited announced its second quarter and H1 results of the financial year 2022-23 ended September 30, whereby it declared its revenue from operations closing at INR 1.88 billion compared to INR 1.73 billion in Q1 FY23 and INR 1.58 million in Q2 FY22. That...
Hydro signs strategic collaboration agreement with NTNU to strengthen R&D on aluminium value chain sustainability
According to a report last week, Hydro signed a new strategic collaboration agreement with the Norwegian University of Science and Technology (NTNU) to build up professional collaborations to practise more R&D on aluminium and energy. The agreement was signed by Hydro’s President& CEO Hilde Merete...
NALCO’s aluminium ingot price heightens 3% to INR217,050-220,550/t with effect from November 1
National Aluminium Company Limited has hiked its aluminium ingot price, with effect from November 1, following a trim in the previous week. The company is currently selling its ingot at INR 217,050-220,550 per tonne, up by INR 6,600 per tonne or 3 per cent from INR 210,450-213,950 per tonne on...
