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.
US aluminium plates, sheets, and bars exports to Canada record a quarterly fall of 8% for 2Q22
The United States aluminium plates, sheets, and bars exports to Canada totalled 67,100 tonnes in the second quarter of 2022 ended June 30, up by 7.88 per cent quarter-on-quarter from 62,200 tonnes, found the US Census Bureau data. In June 2022, the United States exported 20,100 tonnes of aluminium...
Hindalco’s aluminium ingot price sees back-to-back cut by INR3000/t on September 28
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices for the second time in a row, effective from Wednesday, September 28. The last cut the company’s ingot and products prices saw was on September 24 by INR 3,250 per tonne. On September 28, Hindalco has cut its...
LB Aluminium Bhd announces fourfold surge in net profit to RM12.51 million for 1QFY23
On Tuesday, September 27, LB Aluminium Bhd announced its financial results for the first quarter of FY2023 ended July 31, 2022, revealing a fourfold jump in its net profit (Y-o-Y) to RM12.51 million. Revenue grew 98.22 per cent to RM227 million from RM114.54 million a year ago, attributed to...
China’s primary aluminium inventories decline to a year-to-date low at 652,000 tonnes on September 26
According to the Shanghai Metals Market, social inventories of primary aluminium across China’s eight major consumption areas, including SHFE warrants, decreased by 14,000 tonnes over the weekend to a total 652,000 tonnes. On a week-on-week basis, the inventories plunged by 33,000 tonnes on Monday,...
Vedanta’s aluminium wire rod & billet prices see a drop of INR3250/t with effect from September 24
Vedanta Limited reduced its aluminium ingot and aluminium products prices, with effect from Saturday, September 24, following a rise of INR 2,500 per tonne on the previous day. Vedanta’s aluminium wire rod price saw a cut of INR 3,250 per tonne on September 24 to stand at INR 210,250- 217,750 per...
China’s Aug’22 prebaked anode exports shrink 31.4% M-o-M but grow 7% on year to 141,600 tonnes
China customs data found the country’s prebaked anode exports stood at 141,600 tonnes in August 2022, which reflected a downfall of 31.43 per cent month-on-month and an increase of 6.99 per cent year-on-year. Custom statistics showed the export price per unit of prebaked anode was $1,334.50 per...
ASI certifies Magna PT S.p.A. against Performance Standard certification for automotive transmission production
The Aluminium Stewardship Initiative has certified Magna PT S.p.A. against the Performance Standard Certification with a focus on Material Stewardship for the production of automotive transmissions at the Modugno plant, Italy. The activities at the plant are the production of automotive...
China’s aluminium extrusion exports slump 12.4% M-o-M attributing to sharp fluctuating exchange rate
According to China customs data, the country’s aluminium extrusion (HS code 76041010, 76041090, 76042100, 76042910, 76042990) export volume amounted to 81,800 tonnes in August 2022, registering a month-on-month fall of 11,500 tonnes or 12.4 per cent and a year-on-year drop of 3.42 per cent....
NALCO’s aluminium ingot price drops by INR2500/t with effect from September 17
National Aluminium Company Limited's (NALCO) aluminium ingot and aluminium products prices fell after being cut by INR 2,500 per tonne, with effect from September 17. NALCO’s aluminium ingot price is currently ranging between INR 210,750-214250 per tonne since September 17 versus INR 213,250-...
Alumina spot price in China drops for sixth day in a row by RMB12/t; A00 aluminium ingot price descends by RMB240/t
The average alumina spot price in China has decreased for the sixth day in a row by RMB 12 per tonne to stand at RMB 2,881 per tonne on Monday, September 26. Over a week, the price has dwindled by RMB 40 per tonne from RMB 2,921 per tonne, found the Shanghai Metals Market. The decline in domestic...
LME aluminium price loses US$79/t this week to settle at US$2153/t; SHFE price trends down by US$48/t
The LME aluminium benchmark price has slipped by US$79 per tonne this week from September 19 to 23. On Monday, both LME aluminium cash bid price and LME aluminium official settlement price began the week with a decline of US$26 per tonne and US$27 per tonne, respectively, to stand at US$2,231 per...
Hindalco’s aluminium ingot price builds up by INR2500/t with effect from September 23
Hindalco Industries Limited increased its aluminium ingot and aluminium products prices on Friday, September 23, followed by a cut on the previous day. The company added INR 2,500 per tonne to its aluminium ingot price to sell the product at INR 203,750 per tonne versus INR 201,250 per tonne on...
China’s primary aluminium imports during Jan-Aug’22 record a plunge of 71% to 297,600 tonnes
According to the General Administration of Customs, China’s primary aluminium import amounted to 49,300 tonnes in August 2022, reflecting a downfall of 3.35 per cent month-on-month and 53.3 per cent year-on-year. That brought the total imports during January-August to 297,600 tonnes, a year-on-year...
Africa’s primary aluminium production in August’22 grows 3.7% YoY, with daily production inches up by 1,000 tonnes
In August 2022, primary aluminium production in Africa inched up by only 1,000 tonnes month-on-month to stand at 141,000 tonnes, found the International Aluminium Institute. In July, the output had grown by 5,000 tonnes or 3.7 per cent from 135,000 tonnes in the previous month. On a year-on-year...
China’s August bauxite imports stand above 10 million tonnes, reflecting a 1.48% rise M-o-M
General Administration of Customs showed China’s bauxite imports continued to total above 10 million tonnes in August 2022. As per the data revealed, the country imported 10.75 million tonnes of the ore, which reflected an increase of 1.48 per cent month-on-month and 23.53 per cent over the year....
After scaling down production, Ball Corp now sells off all its Russian beverage can facilities
On Wednesday, September 21, Ball Corporation declared that it completed the sale of all its beverage packaging business in Russia to Arnest Group for $530 million to divest from the Russian market. Ball said Arnest Group, the largest manufacturer of aerosols in Russia and CIS countries, has...
Vedanta’s aluminium ingot price accumulates INR1250/t on September 21
Vedanta Limited has added INR 1,250 per tonne to its aluminium ingot and aluminium products prices, with effect from Wednesday, September 21. That followed a cut of INR 3,250 per tonne on Tuesday, September 20. On September 21, Vedanta’s aluminium ingot price has come in at INR 207,500- 237,000 per...
World primary aluminium production in Aug’22 shows restrained M-o-M but grows 3.5% Y-o-Y to total 5.888 Mt
According to the data released by the International Aluminium Institute, world primary aluminium production stood muted at 5.888 million tonnes in August 2022 compared to 5.878 million tonnes a month ago. But the output in July reflected a hike of 3.78 per cent month-on-month from 5.664 million...
