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 aluminium billets operating rate drops for the second month to 71.3%, driven by poor demand among extruders
The average operating rate of aluminium billet producers in China fell for the second consecutive month by 0.99 percentage point month-on-month, driven by the downfall in operations in east China, northwest China, and southwest China. According the Shanghai Metals Market data, China's domestic...
US domestic primary aluminium production reflects a monthly growth of 2.44% to 84,000 tonnes in May’22
In May 2022, the United States domestic primary aluminium production stood at 84,000 tonnes, reflecting a month-on-month increase of 2,000 tonnes or 2.44 per cent, found the US Census Bureau data. On a year-on-year calculation, the output in May 2022 edged 12 per cent or 9,000 tonnes higher than...
China’s primary aluminium inventories continue to grow over weekend standing at 698,000 tonnes
According to the Shanghai Metals Market, China’s social inventories of primary aluminium ingot across eight major consumption areas, including SHFE warrants, accumulated 5,000 tonnes over the weekend to stand at 698,000 tonnes as of Monday, August 15. But compared to the same period last year, the...
Vedanta cuts aluminium wire rod & billet prices for the second time in a row by INR6750/t on Aug. 16
Vedanta Limited has reduced its aluminium products and aluminium ingot prices for the second time in a row, with effect from Tuesday, August 16. The company has slashed its aluminium wire rod price by INR 6,750 per tonne to sell the product at INR 227,500-235,000 per tonne. On August 13, Vedanta’s...
ASI certifies Mozal’s Maputo aluminium smelter against Performance Standard Certification
Mozal SA, a primary aluminium smelter, has bagged the Aluminium Stewardship Initiative Performance Standard Certification with Provisional status for its smelting operation and related port facilities at Maputo. The smelter, located just outside the capital Maputo, a major industrial place in...
China’s primary aluminium output reaches new monthly high at 3.43 million tonnes in July 2022
According to the data released by the National Bureau of Statistics on Monday, August 15, China’s primary aluminium output rose 5.6 per cent year-on-year to reach a monthly high at 3.43 million tonnes in July 2022. The previous high was 3.42 million tonnes achieved in May. The new milestone could...
Alumina spot price in China dips by RMB3/t to stand at RMB2956/t; A00 aluminium ingot price plummets by RMB440/t
The average alumina spot price in China has further dropped over the weekend by RMB 3 per tonne to stand at RMB 2,956 per tonne as of Monday, August 15, found the Shanghai Metals Market. In Shandong, alumina price has plunged by RMB 20 per tonne to start the week at RMB 2,950 per tonne, with...
LME aluminium price moved high to US$2468.5/t despite intermittent declines; SHFE price accumulated US$86/t this week
The LME aluminium benchmark price moved high this week by US$33 per tonne but started the week with a decline and also displayed an intermitted drop. LME aluminium cash bid price and LME aluminium official settlement price decreased by US$12 per tonne on Monday, August 8, to stand at US$2,435 per...
Vedanta’s aluminium ingot price builds up by INR3000/t on August 12 after a cut on the previous day
Vedanta Limited has revised its aluminium products and aluminium ingot prices for the three consecutive days this week since August 10. Following the price growth on Wednesday, August 10, Vedanta trimmed its aluminium ingot price by INR 2,500 per tonne the next day, August 11, to INR...
Rusal declares revenue growth to US$7153 million during 1H2022; operational performance turns weak
On Friday, August 12, Rusal, the Russian aluminium giant announced its H1 2022 operational and fiscal results ended June 30, reporting a 1.2 per cent increase in primary aluminium output to 1.89 million tonnes versus 1.87 million tonnes during the same period last year. But the sales of primary...
Alba announces 127% jump in net profit for 1H2022 despite flat sales volume, thanks to higher LME prices
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter outside China, announced its Q2 and H1 2022 fiscal results on Thursday, August 11, reporting a 97 per cent surge in net profit to BD181.9 million versus BD92.7 million during the corresponding period of the previous year. Gross...
Hindalco’s aluminium ingot price elevates for the second time in a row by INR2250/t on August 11
Hindalco Industries Limited has raised its aluminium ingot and aluminium products prices for the second time in a row, with effect from Thursday, August 11. The company’s aluminium ingot price has accumulated INR 2,250 per tonne to come in at INR 227,750 per tonne, following a hike of INR 4,500 per...
Hindalco’s Q1 PAT exceeds the previous quarter to reach a new high at INR4119 crore
On Wednesday, August 10, Hindalco Industries Limited announced its first quarter results ended June 30, posting the highest net profit once again. The company’s consolidated profit after tax (PAT) reached an all-time high at INR 4,119 crore, exceeding record performance in 4QFY2022. On a...
Vedanta’s aluminium ingot price further accumulates INR4750/t with effect from August 10
Vedanta Limited has once again added INR 4,750 per tonne to its aluminium ingot and aluminium products prices, with effect from Wednesday, August 10. On August 6, the company’s aluminium ingot and products prices also saw a rise of INR 4,750 per tonne. With the latest hike, Vedanta’s aluminium...
Alro achieves a turnover of RON2.1 billion with 39% increased sales, thanks to higher aluminium product demand
Alro Group, one of the largest vertically integrated aluminium producers in Europe by capacity, has booked a net profit of RON 15.3 million for the first half of 2022 ended June 30, compared to a net loss of RON 47.6 million a year ago. The Group’s turnover has increased to RON 2.1 billion during...
ASI renews Hydro Extrusions’ Performance Standard certification through May 2025
According to a report on August 10, the Aluminium Stewardship Initiative has renewed the Performance Standard Certification for Hydro Extrusions through May 2025. It covers 47 sites, of which two-thirds are certified against the ASI Chain of Custody certification. ASI Performance Standard...
China’s primary aluminium inventories accumulate 9,000 tonnes on August 8 as shipments from warehouses decline
On Monday, August 8, China’s social inventories of primary aluminium recorded a W-o-W hike yet again for three weeks in a row since July 25, 2022. According to the Shanghai Metals Market, inventories across eight major consumption areas, including SHFE warrants, totalled 687,000 tonnes witnessing...
China’s July alumina output grows 3% M-o-M to 6.94 Mt but daily production dips by 800 tonnes
In July 2022 (31 calendar days), China produced 6.94 million tonnes of metallurgical-grade alumina, which increased by 2.97 per cent month-on-month and 14.11 per cent over a year. But the daily average output in the same month stood slightly down by 0.36 per cent or 800 tonnes from 224,700 tonnes...
