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 ingot price sees a slash of 3% on October 29 after a significant hike the previous day
Hindalco Industries Limited axed its aluminium ingot and aluminium products prices, effective from Saturday, October 29, following a hike on a day before. On Friday, October 28, Hindalco increased its aluminium ingot price by INR 11,500 per tonne to sell the item at INR 217,000, while on October...
World alumina production grows 1.22% Q-o-Q to 35.677 Mt in 3Q2022 despite drops in August & September
In the third quarter of 2022 ended September 30, world alumina production edged an increase of 1.22 per cent Q-o-Q to stand at 35.677 million tonnes, found the International Aluminium Institute. In the second quarter, the output was at 35.246 million tonnes, reflecting a rise of 6.18 per cent from...
Vedanta’s aluminium wire rod & billet prices accumulate INR9500/t on October 27
Vedanta Limited hiked its aluminium wire rod and billet prices, effective from Thursday, October 27, following a slash of INR 6,000 per tonne on October 22. The company’s aluminium wire rod price witnessed a gain of INR 9,500 per tonne on October 27 to come in at INR 224,750-232,250 per tonne...
Africa’s primary aluminium production edges a 3.5% fall M-o-M to 136,000 tonnes in Sept. but Q3 output improves 2.7% QoQ
According to the International Aluminium Institute, Africa’s primary aluminium production stood at 136,000 tonnes in September 2022, registering a downfall of 3.55 per cent or 5,000 tonnes from 141,000 tonnes in August. However, on a year-on-year basis, the output edged 4,000 tonnes or 3.03 per...
NALCO slightly reduces its aluminium ingot price by INR1400/t with effect from October 26
National Aluminium Company Limited (NALCO) has slightly cut its aluminium ingot and aluminium products prices compared to the previous slash last week, October 19. This week, Nalco has reduced its aluminium ingot price by only INR 1,400 per tonne or 0.7 per cent to INR 210,450-213,950 per tonne as...
Kaiser Aluminum reports an annual marginal dip in net sales for 3Q2022 but grows in nine-month by 50% to $2.7 billion
Kaiser Aluminum Corporation, an American producer of semi-fabricated speciality aluminium products, published its quarterly and consolidated nine-month results of 2022 last week, wherein it reported net sales for Q3 at $749 million compared to $954 million in Q2 and $751 million in Q3 2021. That...
Primary aluminium inventories in China fall 10,000 tonnes over weekend to total 626,000 tonnes
Social inventories of primary aluminium in China amounted to 626,000 tonnes across eight major consumption areas, including SHFE warrants, on Monday, October 24, according to the Shanghai Metals Market. SMM found the inventories decreased by 10,000 tonnes over the weekend but edged 6,000 tonnes...
Launched! AlCircle’s new report on “Future of the Global Aluminium Castings Industry - Market analysis and industry forecast to 2027”
As the transportation industry is increasingly shifting its preference to lightweight and lower carbon emissions, the usage of aluminium castings is gaining notable importance for obvious reasons like high strength and infinitely recyclable. One of the distinguishing features of castings from other...
LME aluminium benchmark price grows slightly by US$4.5/t; SHFE price descends to US$2538/t
Three-month LME aluminium opened at US$2,227.50 per tonne, with the highest and lowest prices at US$2,234.50 per tonne and US$2,170.50 per tonne before closing at US$2,177 per tonne, down US$41.50 per tonne or 1.87 per cent. On Monday, October 24, LME aluminium cash bid price and LME aluminium...
Hindalco’s aluminium products prices loss INR6000/t on October 22 in line with LME price plunge
Hindalco Industries’ aluminium products prices suffered a loss of INR 6,000 per tonne on October 22, the same amount as they grew by the previous day. Therefore, the company’s aluminium billets price came in at INR 219,600 per tonne on Saturday, October 22, versus INR 225,600 per tonne on Friday,...
China’s primary aluminium output in Sept. 2022 grows 9% YoY but falls 2.5% MoM due to fresh power restrictions in Yunnan
According to the National Bureau of Statistics, China’s primary aluminium production rose 9.3 per cent year-on-year in September 2022 to stand at 3.42 million tonnes, as smelters in a few major regions ramped up output after the ease of power restrictions. Last year, China saw a drop in aluminium...
Alumina spot price in China slips by RMB7/t on Monday; A00 aluminium ingot price records a drop of RMB10/t
The average alumina spot price in China has initiated the week with a further drop of RMB 7per tonne to settle at RMB 2,799 per tonne as of Monday, October 24, according to the Shanghai Metals Market (SMM). Among the major consumption cities, Guangxi has witnessed a decline of RMB 20 per tonne to...
World primary aluminium production continues to grow quarterly by 2.4% to 17.481 million tonnes in 3Q2022: IAI
According to the International Aluminium Institute’s latest data, world primary aluminium production in the third quarter of 2022 ended September 30 closed at 17.481 million tonnes, recording a quarter-on-quarter increase of 2.36 per cent. In Q2 ended June 30, global output stood at 17.078 million...
China’s primary aluminium inventories fall 19,000 tonnes W-o-W due to lower cargo arrivals
According to the Shanghai Metals Market, China’s social inventories of primary aluminium totalled 636,000 tonnes across eight major consumption areas, including SHFE warrants, as of Thursday, October 20. That was a downfall of 28,000 tonnes from Monday and 19,000 tonnes a week ago. On Monday,...
LME aluminium price trended down this week to $2155.5/t due to large arrivals of stocks; SHFE price closed higher at $2576/t
Both LME aluminium cash bid price and LME aluminium official settlement price started the week on Monday, October 17, with a plunge of US$69.50 per tonne and US$69 per tonne, respectively, to rest at US$2,239 per tonne and US$2,240 per tonne due to large deliveries to warehouses approved by the...
Hindalco’s aluminium ingot price rallies by INR6000/t on October 21
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices for the second day in a row with effect from October 21, 2022. The company’s latest price of aluminium ingot is INR 211,500 per tonne, up by INR 6,000 per tonne or 3.17 per cent from INR 205,500 per tonne on...
Alcoa Corporation losses 21.7% revenue in 3Q2022 due to lower alumina shipments
For the third quarter of 2022, Alcoa Corporation has reported a quarterly loss of 21.7 per cent in revenue from $3,644 million to $2.851 million, while on a year-on-year basis, it dropped by 8.36 per cent from $3,109 million. Adjusted EBITDA excluding special items nosedived by 77 per cent from...
US primary aluminium monthly production plunges 14,000 tonnes in July’22
According to the US Census Bureau data, domestic primary aluminium production in July 2022 was 64,000 tonnes, with daily average output at 2,070 tonnes. Compared to the previous month, monthly aluminium production in July edged 14,000 tonnes or 17.95 per cent lower than 78,000 tonnes and daily...
