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.
Novelis breaks ground on a new $50 million recycling centre in South Korea to produce low-carbon sheet ingot
Novelis Incorporation, the world’s largest aluminium recycler and flat-rolled producer, broke ground on November 6 on a new $50 million recycling centre in South Korea. The project will be able to produce 100 thousand tonnes of low-carbon sheet ingot annually by recycling aluminium, resulting in...
Primary aluminium inventories total the lowest this year at 580,000 tonnes: SMM
According to the Shanghai Metals Market, social inventories of primary aluminium continued to decline week-on-week by 41,000 tonnes, ended November 3, 2022. The stocks plunged across eight major consumption areas across China, including SHFE warrants, to total 580,000 tonnes, down by 33,000 tonnes...
Hindalco’s aluminium ingot price drops INR1500/t with effect from November 3
Hindalco Industries Limited slightly reduced its aluminium ingot and aluminium products prices on November 3, a day after it hiked the prices by INR 5,250 per tonne. On November 3, Hindalco’s aluminium ingot price saw a dip of INR 1,500 per tonne from INR 213,250 per tonne to INR 211,750 per tonne....
SMM expects China’s aluminium plate/sheet and strip output will mark a 2% Y-o-Y growth at 2022-end
According to the Shanghai Metals Market, China’s aluminium plate/sheet and strip output is expected to amount to 12.9 million tonnes at the end of 2022, reflecting an increase of 2 per cent over the year. Aluminium foil output is estimated to clock at 4.75 million tonnes at year-end, up 3 per cent...
Ball Corporation yields higher net earnings of $392 million for 3Q2022, attributable to $3.95 billion of sales
On Thursday, November 3, Ball Corporation announced its third quarter and year-to-date results ended September 30. Ball Corporation is the world’s leading sustainable aluminium packaging provider for beverage, personal care and household products. In Q3, the company generated net earnings of $392...
Alcoa bags Aluminum Industry Leadership award at the 10th annual Platts Global Metals Awards
Alcoa Corporation, the world’s eighth largest aluminium producer, won the Aluminum Industry Leadership award at the 10th annual Platts Global Metals Awards, which recognise and celebrate leadership, innovation, stewardship and commitment to a greener future. Kelly Thomas, Alcoa’s Executive Vice...
US aluminium plates, sheets and bars imports from Oman rebound in July 2022 at 10,300 tonnes
The United States aluminium plates, sheets and bars imports from Oman in July 2022 rebounded close to the volume in May 2022. After a month-on-month drop in June by 2,450 tonnes or 22.69 per cent to 8,350 tonnes, the United States aluminium flat rolled products imports grew by 1,950 tonnes to stand...
Vedanta’s aluminium ingot price accumulates INR5250/t on November 2; products prices show no exception
Vedanta Limited has expanded its aluminium ingot and aluminium products prices, effective from Wednesday, November 2, soon after it cut the prices on the previous day. On November 1, the company reduced its aluminium ingot price by INR 2,750 per tonne to INR 210,250- 240,750 per tonne, following...
US domestic primary aluminium output declines for the third month in a row to 61,000 tonnes: USGS
In August 2022, the United States’ domestic primary aluminium production stood at 61,000 tonnes, falling further, although at a lower rate than the previous month, found the US Census Bureau data. The output in July fell by 14,000 tonnes M-o-M to come in at 64,000 tonnes, while that in August...
Alumina production in Africa & Asia (ex-China) falls consistently through Q3 to close at 3.518 Mt: IAI
In September 2022, alumina production in Africa & Asia (ex-China) stood at 1.121 million tonnes, registering a downfall of 6.27 per cent month-on-month but an increase of 1.91 per cent year-on-year, found the International Aluminium Institute data. In August 2022, Africa & Asia’s (ex-China) alumina...
Hindalco lifts its aluminium billets price by 2.4% on Nov. 2 as LME price inaugurates the month with a hike
Hindalco Industries Limited has lifted its aluminium products and aluminium ingot prices on Wednesday, November 2, after reducing them the previous day by INR 2,500 per tonne. Hindalco’s aluminium wire rod price has been elevated by INR 5,250 per tonne or 2.40 per cent to INR 224,350 per tonne...
India: Primary aluminium producers to face compressed operating margin due to soaring production cost
On Monday, October 31, a report from CRISIL showed a high possibility of Indian primary aluminium producers’ lower operating margin by more than 1200 basis points (bps) this financial year to 22-24 per cent, owing to decreased realisations and soaring production costs. Last fiscal year, primary...
South Africa: Industrial Development Corporation expands shareholding in Mozal Aluminium to 32.45%
According to a report on Monday, October 31, South Africa’s Industrial Development Corporation (IDC), a national development finance institution, has expanded its shareholding in Mozambique’s Mozal Aluminium to 32.45 per cent. Earlier, IDC had a 24 per cent share in the hydropowered smelter,...
MYTILINEOS S.A. receives ASI Chain of Custody (CoC) Standard V1 (2017) Certification for its upstream activities
MYTILINEOS S.A., a Greece-based industrial conglomerate, has bagged the ASI Chain of Custody (CoC) Standard V1 (2017) Certification for its corporate headquarters and upstream activities, including bauxite mining, alumina refining, and aluminium smelting and casting. The news came after the...
Lower cargo arrivals continue to cause primary aluminium inventories downfall across China
Social inventories of primary aluminium across China’s eight major consumption areas, including SHFE warrants, stood at 613,000 tonnes, after being slipped by 8,000 tonnes or 1.29 per cent over the weekend from 621,000 tonnes, found the Shanghai Metals Market data. On a week-on-week calculation,...
Vedanta reduces its aluminium wire rod & billet prices by INR6250/t with effect from October 29
Vedanta Limited’s aluminium products prices saw a cut on Saturday, October 29, soon after they increased by INR 2,000 per tonne on the previous day. As per the last updated price chart, Vedanta’s aluminium wire rod price is standing at INR 220,500-228,000 per tonne since October 29, down by INR...
Disruptions in power supply won't stop China Hongqiao Group from shifting 2 Mt to Yunnan
On November 1, 2022, China Hongqiao Group said it would move 2 million tonnes of its capacity to the country’s southwest by the end of next year, as was decided earlier, despite the recent electricity supply disruptions there. The news came after Ron Knapp, adviser to the office of the chairman,...
China’s aluminium extrusion exports in nine months of 2022 grow 2.6% YoY due to low SHFE/LME price ratio
According to the Shanghai Metals Market, China’s aluminium extrusion imports from January to September 2022 stood at 26,000 tonnes, reflecting an increase of 12.4 per cent year-on-year. The trend suggests that the total import volume through 2022 will record growth after six consecutive years of...
