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.
Century Aluminum earns a 20% higher net income in Q2 2022 amid energy & raw materials costs rally
Century Aluminum Company, a US-based primary aluminium producer, announced its second quarter 2022 results on Tuesday, August 9, reporting a 14 per cent quarter-on-quarter increase in net sales from $753.6 million to $856.6 million, attributable to higher realised LME prices and regional premiums....
European aluminium foundry Gerd Röders GmbH plans to operate 24-hour shifts for three weeks to survive in gas crisis
Gerd Röders, managing director of G.A.Röders GmbH & Co KG, expertise in manufacturing aluminium die-castings from various alloys for high-quality parts, is unwillingly preparing for the temporary shutdown of foundry to survive Europe’s growing gas crunch. Röders hopes 24-hour shifts for three...
China’s aluminium output grows 7% Y-o-Y to 3.5 Mt in July’22, thanks to new capacity release
According to the Shanghai Metals Market, China’s aluminium production stood at 3.5 million tonnes in July (31 calendar days), reflecting a year-on-year increase of 6.74 per cent. That brought the total volume of output in the first seven months of the year to 23.059 million tonnes, up by 1.4 per...
Maan Aluminium posts 43% yearly growth in net sales to INR 173.16 Cr. for 2QFY23
On Monday, August 8, Maan Aluminium, an aluminium extruded product manufacturing company, has reported a financial result for the second quarter of 2022 ended June 30, revealing year-on-year increase of 43.46 per cent in net sales to INR 173.16 crore versus INR 120.70 crore. On a quarter-on-quarter...
Vedanta’s aluminium billet & wire rod prices witness a hike of INR4750/t after three consecutive falls
Vedanta Limited raised its aluminium products and aluminium ingot price on Saturday, August 6, after three consecutive cuts since July 30. The company added INR 4,750 per tonne to its aluminium billet price to sell the product at INR 232,500 per tonne, with effect from August 6. On August 4, the...
Altech Chemicals reports to be in good shape with renewal of EPC contract and finances
Altech Chemicals Limited, one of the world’s leading suppliers of 99 per cent (4N) high purity alumina (HPA), has reported the updates on its Malaysian high purity alumina (HPA) project, highlighting KfW IPEX-Bank continues to render full support to the project and German government export credit...
Ball Corporation plans to close its St. Paul aluminium beverage cans facility
On Thursday, August 4, Ball Corporation, the world’s leading sustainable aluminium packaging provider, officially declared its plans to shut down beverage cans plant located on Saint Paul’s West Side. The company also announced that the tentative time of ending the operations at St. Paul would be...
China’s aluminium foil battery production is on a steep rise yet struggling to match demands in the EV industry
According to the Shanghai Metals Market review, China produced 128,000 tonnes of lithium-battery aluminium foil (battery foil) in 2021, which accounted for nearly 2.8 per cent of the country’s total aluminium foil output and registered a year-on-year surge of 83 per cent. This prodduction hike...
Hindalco back-to-back cuts aluminium wire rod & billets prices by INR3000/t on August 4
Hindalco Industries Limited back-to-back reduced its aluminium products and aluminium ingot prices, with effect from August 4, following a slash of INR 4,250 per tonne on August 3. On August 4, the company cut its aluminium wire rod price by INR 3,000 per tonne or 1.28 per cent to stand at INR...
LOTTE Aluminium to build an aluminium cathode foils facility in Kentucky with $238.7 million investment
LOTTE Aluminium, a Seoul-headquartered diverse aluminium products manufacturer, will reportedly build an aluminium foil producing plant in Hardin County, Kentucky. The project will involve an investment of $238.7 million and create 122 full-time jobs. The news came on Thursday, August 4, after...
Alumina production in South America contracts M-o-M to 901,000 tonnes in June’22; output in North America hikes by 9%
According to the Indian Aluminium Institute data, alumina production in South America shrank by 5.95 per cent or 57,000 tonnes month-on-month to 901,000 tonnes in June 2022. But in May, the monthly output edged 3.03 per cent higher M-o-M from 929,000 tonnes. On a year-on-year calculation, South...
Runanya's high dross processing volume pays off in improved credit ratings - IND BBB+
Runaya Refining LLP has bagged greater credit ratings of ‘IND BBB+ from India Ratings and Research (Ind-Ra) as against the former ratings of ‘IND BBB’, while its short-term limits have been upgraded to IND A2. The advancement in credit ratings represents Runaya's improvement in net leverage for...
Vedanta cuts its aluminium ingot price for the third time in a row by INR3250/t on Aug. 4
Vedanta Limited has reduced its aluminium ingot and aluminium products prices for the third successive day on Thursday, August 4. The company’s aluminium ingot price has seen a cut of INR 3,250 per tonne to INR 218,750- 250,250 per tonne, which on August 3 witnessed a decline of INR 2,750 per tonne...
Novelis achieves record financial performance with a 32% surge in net sales to $5.1 billion in 1QFY23
On Wednesday, August 3, Novelis released the first quarter financial results for fiscal year 2023, reporting a 28 per cent year-on-year rise in net income attributable to shareholder to a record $307 million and a 1 per cent increase in net income from continuing operations to also at $307 million....
NALCO aluminium ingot price slips by INR1000/t while other product prices remain restrained on Aug. 1
National Aluminium Company Limited has trimmed its aluminium ingot price, with effect from August 1, following an escalation of INR 11,300 per tonne on July 21. The price has slipped by only INR 1,000 per tonne to come in at INR 226,650-230,150 per tonne from INR 227,650-231,150 per tonne. But the...
European Aluminium association projects 30% growth in aluminium demand contributed by EU’s energy transition
European Aluminium, an industry association in Brussels, is reportedly preparing its member companies to take part in electric vehicles and alternative energy markets, considering aluminium the “base metal for the green transition”. Alternative energy and electric vehicle market contribute leading...
Hindalco Industries cuts its aluminium ingot price by INR4250/t with effect from August 3
Hindalco Industries Limited has slashed its aluminium ingot and aluminium products prices, with effect from August 3, 2022. The company has reduced its ingot price by INR 4,250 per tonne or 1.86 per cent to INR 224,000 per tonne on August 3. On July 29, the price came in at INR 228,250 per tonne,...
China’s primary aluminium inventories continue to grow W-o-W by 7,000 tonnes on August 1
China’s social inventories of primary aluminium continued to increase by 7,000 tonnes week-on-week as of Monday, August 1, found the Shanghai Metals Market. The inventories grew across eight major consumption areas, including SHFE warrants, to clock at 678,000 tonnes. However, compared to the same...
