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 primary aluminium inventories drop over the weekend to 681,000 tonnes: SMM
Social inventories of primary aluminium in China have dropped over the weekend ended Monday, September 5, across eight major consumption areas, including SHFE warrants, following rises last week. Shanghai Metals Market data shows inventories have totalled 681,000 tonnes, down by 2,000 tonnes over...
Yunnan, China emerges as a new victim of hydropower shortage; Aluminium production cut is in mind
After Sichuan, another southwestern Chinese province that emerges as being affected by hydropower shortages is Yunnan, triggering concerns over potential output reduction in the province. According to the latest survey by Shanghai Metals Market, many smelters in Yunnan have expressed concerns over...
ASI acknowledges Alu-met with Chain of Custody Standard certification for aluminium billets production from recycled scrap
Aluminium Stewardship Initiative has reportedly granted Alu-met GmbH, an Austria-headquartered producer and supplier of high-quality aluminium billets, with Chain of Custody Standard certification. The company has bagged the recognition for aluminium extrusion billets production from recycled scrap...
Vedanta further reduces its aluminium ingot price by INR6250/t with effect from September 2
Vedanta Limited further reduced its aluminium ingot and aluminium products prices on September 2, in line with the continued downfall of the global aluminium price on LME. As per the revised price list shared by the company, Vedanta cut its aluminium ingot price by INR 6,250 per tonne to INR...
Hulamin posts a 147% jump in half-yearly earnings; revenue grows 45% despite increased production costs
Hulamin, a South African aluminium supplier and exporter, announced robust earnings, with a hike of 147 per cent for the first half of 2022 ended June 30. Revenue rose by 45 per cent to R7.9 billion, and operating profit surged by 144 per cent to R223 million amid the challenges posed on working...
Hindalco’s aluminium wire rod & billet prices axed by over 5% in line with the 16-month low LME aluminium price
Hindalco Industries Limited has continued to significantly cut its aluminium products and aluminium ingot prices for the second consecutive day, with effect from Friday, September 2. The company has reduced its aluminium wire rod price by INR 14,000 per tonne or 5.96 per cent to INR 220,850 per...
US crude and dried bauxite imports continue to fall quarterly at a higher rate of 12.5% in 2Q2022
The United States imports of crude and dried bauxite continued to roll down through the past three quarters, starting Q4 2021. According to the data shown by the US Census Bureau, the country’s crude and dried bauxite imports has recorded a quarterly fall of 92,000 tonnes or 12.50 per cent for...
Alba marks a historic milestone; 30 million safe working hours without LTI achieved for the first time
On September 1, 2022, Aluminium Bahrain B.S.C. (Alba) emerged as the first smelter in the region to achieve a historic milestone of 30 Million Safe Working Hours without Lost Time Injury (LTI). This is the best milestone in Safety achieved to date, and it reflects Alba’s commitments and efforts...
US primary aluminium production in 2Q2022 reflects 1.24% rise, bringing total output in H1 to 485,000 tonnes
The United States’ domestic primary aluminium production in June 2022 stood at 78,000 tonnes, bringing the total output of the first half of the year to 485,000 tonnes, showed the US Census Bureau. The United States’ primary aluminium production in June reflected a decrease of 6,000 tonnes or 7.14...
China’s primary aluminium inventories grow week-on-week to 683,000 tonnes on September 1
According to the Shanghai Metals Market, social inventories of primary aluminium across eight major Chinese consumption areas, including SHFE warrants, have gained 4,000 tonnes over the week ended Thursday, September 1, to reach 683,000 tonnes. From Monday, August 29, the inventories are up by...
Vedanta back-to-back cuts its aluminium wire rod price by INR3250/t
Vedanta Limited has continued to cut its aluminium products and aluminium ingot prices, with effect from Thursday, September 1, for the second day in a row. The company has cut its aluminium wire rod price by INR 3,250 per tonne to sell the product at INR 225,750-233,250 per tonne. On September 31,...
Alumina production in South & North America reflects a monthly rise but stoops down on the year, shows IAI
In South America, alumina production surged by 73,000 tonnes or 8.1 per cent month-on-month during July 2022 to stand at 974,000 tonnes, found the International Aluminium Institute. In June, the output was at 901,000 tonnes after being slipped by 57,000 tonnes or 5.95 per cent from 958,000 tonnes...
Chalco's higher revenue from alumina and coal output lifts 1H2022 profit by 29%
Aluminium Corporation of China Limited, popularly known as Chalco, has posted higher profit for the first half of 2022 ended June 30, underpinned by increased revenue from alumina and coal production and imported coking coal business. From RMB 3.09 billion or RMB 0.176 per share of Chalco’s profit...
Hindalco’s aluminium ingot price suffers a significant loss of INR8000/t on August 31
Hindalco Industries Limited has slashed its aluminium ingot and aluminium products prices, with effect from Wednesday, August 31, in line with a startling fall of the LME aluminium benchmark price. As per the price update, Hindalco’s aluminium ingot has witnessed a sharp price cut of INR 8,000 per...
China’s prebaked anode export rebounds to 200,000 tonnes level in July'22 on improved demand
China customs data revealed last week that the country’s prebaked anode export volume rebounded to the 200,000 tonnes level in July 2022, attaining 206,500 tonnes. This is the second time this year that China’s prebaked anode export has exceeded 200,000 tonnes, driven by strong demand from overseas...
China's primary aluminium inventories attain 682,000 tonnes with a slight gain over the weekend
Social inventories of aluminium ingot across eight major Chinese consumption areas, including SHFE warrants, grew by 3,000 tonnes over the weekend to stand at 682,000 tonnes as of Monday, August 29, found the Shanghai Metals Market. But week-on-week, the inventories stood 1,000 tonnes lower than...
Soaring energy prices coupled with stagnant economy bear red flag for aluminium industry; China initiates production cut
The high possibility of global recession and economic stagnation has already alarmed countries like China, the world’s largest consumer of primary aluminium raw materials, flagging the risk of downsized markets. China, who has been battling with increased energy costs and heat wave, previously...
Alumina production in Africa & Asia records a monthly rise of 5% to 1.201 Mt in July’22: IAI
Alumina production in Africa & Asia (ex-China) showcased a monthly increase of 5.26 per cent in July 2022, according to the International Aluminium Institute. From 1.141 million tonnes in June, the output grew to 1.201 million tonnes in July. However, the production in June saw a downfall of 5.7...
