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.
Jamalco alumina refinery operation resumption is expected to cheer up Jamaica’s economic growth
Domestic alumina production recovery in Jamaica is expected to counterpoise the slowdown in economic growth for the financial year 2022-23, caused by the country’s one of the main alumina refineries suspension. The Bank of Jamaica is projecting GDP growth of 2.5-4.5 per cent for the fiscal year...
EGA’s net profit exceeds previous record in only six months of 2022 amounting to AED 5.9 billion
Emirates Global Aluminium (EGA), the biggest premium aluminium producer in the world, has announced its best-ever half-year results, driven by strong operational performance across the value chain resulting in robust earnings. EGA has reported a net profit of AED 5.9 billion for H1 2022, which...
Vedanta’s aluminium ingot price gains INR1250/t on August 23 after two cuts in a row
After the two consecutive cuts, Vedanta’s aluminium ingot and products prices have seen a slight rise on Tuesday, August 23. The company has increased its aluminium ingot price by INR 1,250 per tonne to INR 220,250-249,750 per tonne, following a reduction of INR 2,500 per tonne on August 20 to INR...
Primary aluminium inventory collects 3,000 tonnes this weekend, led by stock arrivals in Wuxi & Hangzhou
Social inventories of primary aluminium in China have witnessed a slight rise of 3,000 tonnes over the weekend across eight major consumption areas, including SHFE warrants. Shanghai Metals Market data shows the inventories have totalled 683,000 tonnes as of August 22, compared to 680,000 tonnes on...
Hindalco's aluminium wire rod price further slumps by INR2500/t in line with LME aluminium price shrink
Hindalco Industries Limited has continued to reduce its aluminium products and aluminium ingot prices, in tandem with an uninterrupted downfall in the LME aluminium benchmark price for three days in a row. With effect from Saturday, August 20, Hindalco’s aluminium wire price has been decreased by...
Hydro Sunndal strike starts; 20% production to ramp down within the next four weeks
According to a report on Monday, August 22, strike at Hydro Sunndal aluminium plant has come into effect today, which will result in the implementation of production cut agreement. Also, as a result of the strike, around 30 members of Industri Energi will not report to work at the aluminium plant....
Alumina spot price loses RMB5/t to start the week at RMB2953/t; but A00 aluminium ingot price edges up to cross RMB18500/t
The average alumina spot price in China has again recorded a drop of RMB 5 per tonne on Monday, August 22, after an intermittent restraint on Friday, August 19, found the Shanghai Metals Market. The decline today has brought the alumina spot price to RMB 2,953 per tonne. In Shandong and Shanxi,...
Vedanta’s aluminium wire rod & billet prices shrink by INR3000/t on August 18 after an intermittent raise
Vedanta Limited again reduced its aluminium products and aluminium ingot prices on August 18 after an intermittent raise on August 17. Vedanta cut its aluminium wire rod price by INR 3,000 per tonne or 1.29 per cent to INR 229,000-236,500 per tonne as of August 18 versus INR 232,000-239,500 per...
Daiki Aluminium books 1.4% higher profit with net sales of 72.43 billion yen for 1QFY23
Daiki Aluminium Industry has recorded a year-on-year increase in profit of 1.4 per cent for the first quarter of the financial year 2023 ended June 30. From 4.01 billion yen in Q1 FY2022, Daiki Aluminium’s profit decreased to 4.07 billion yen ($30.1 million) during the same period this year....
Record domestic aluminium production in China led to a fall in July imports
In July 2022, China’s unwrought aluminium and aluminium products imports, including alloys, plunged by 38.3 per cent year-on-year to stand at 192,581 tonnes, showed the General Administration of Customs on Thursday, August 18. This shrink in imports could be attributed to the domestic production...
Sumitomo Corp. anticipates Japanese aluminium premiums to trade between US$125 and US$175 a tonne in 2023
Sumitomo Corporation, one of the world’s largest trading companies, has anticipated Japanese aluminium premiums to range between US$125 and US$175 a tonne next year, compared to $148 a tonne in the September quarter, unless a disruption on the domestic supply side due to production cut or supply...
NALCO cuts its aluminium ingot price by INR4700/t in line with the downsize of LME aluminium price
National Aluminium Company Limited (NALCO) has further reduced its aluminium ingot price since the last trim more than two weeks ago. On Thursday, August 18, the company's aluminium ingot price witnessed a cut of INR 4,700 per tonne to INR 221,950- 225,450 per tonne versus INR 226,650-230,150 per...
Rule change by Electricity Authority disallows the Tiwai Point aluminium smelter to renew 150MW power contract
After a surprise evaluation of the New Zealand power market, the Electricity Authority has decided to restrict power companies from signing large power deals with customers unless certain conditions are met. This is applicable to energy supply contracts of more than 150 megawatts, meaning power...
Hindalco continues to reduce its aluminium ingot price by INR5500/t with effect from August 18
Hindalco Industries Limited has further slashed its aluminium ingot and aluminium products prices, with effect from Thursday, August 18, following a dip last week, August 13. Hindalco’s aluminium ingot price has been reduced by INR 5,500 per tonne or 2.4 per cent to INR 223,500 per tonne. On August...
Vishay Intertechnology enhances its snap-in power aluminium capacitators with higher rated voltage
Vishay Intertechnology, Inc., an American manufacturer of discrete semiconductors and passive electronic components, has reportedly added a higher rated voltage of 570V and a category voltage of 475V to its Vishay BCcomponents 193 PUR-SI Solar series of snap-in power aluminium capacitators. The...
BALCO achieves a name as India’s iconic aluminium producer through a 58-year journey of dedication & commitment
This year India has celebrated ‘Azadi ka Amrit Mahotsav’, commemorating the completion of 75 years of its independence. This milestone in our national history has paved the way for an Industrial Revolution within our nation, founded on the dreams of the architects of independent India to make it...
Vedanta’s aluminium ingot price experiences a raise of INR4500/t after two consecutive declines
After two consecutive cuts on August 13 and August 16, Vedanta Limited has raised its aluminium ingot and aluminium products prices on Wednesday, August 17. The company’s aluminium ingot price has accumulated INR 4,500 per tonne to hover around INR 224,500-254,000 per tonne versus INR...
US aluminium scrap exports to Malaysia sprint to reach 24,100 tonnes in April’22
The United States’ aluminium scrap exports to Malaysia skyrocketed in April 2022 standing at 24,100 tonnes, found the US Census Bureau data. On a month-on-month calculation, the exports registered a surge of 802.62 per cent from 2,670 tonnes. In the first three months of 2022, the United States...
