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.
Vedanta’s aluminium ingot price sees a back-to-back rise to INR222,750-254,250/t on July 20
Vedanta Limited has expanded its aluminium ingot and aluminium products prices for the second day in a row, with effect from Wednesday, July 20. Vedanta’s aluminium ingot price has witnessed an increase of INR 3,250 per tonne to INR 222,750-254,250 per tonne on July 20. On July 19, the price stood...
New opportunities open up in Southland as the Tiwai Point aluminium smelter hires
According to a report on Wednesday, July 20, the Tiwai Point aluminium smelter will launch a recruitment campaign next week. The news came after New Zealand Aluminium Smelter’s chief executive and general manager Chris Blenkiron announced it, adding that attracting new staff or retaining old ones...
Novelis partners with Sortera Alloys to use more advanced sorting technologies for recycling auto scrap
Novelis Inc., a leading producer of aluminium flat-rolled products and the world’s largest recycler, is on the way to boost its recycling game. The company announced on Tuesday, July 19, that it entered a strategic partnership with Sortera Alloys, Inc., intending to take advantage of the latter’s...
Hindalco expands its aluminium ingot price by INR4250/t in response to LME price rally over the weekend
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices, with effect from Tuesday, July 19, following a cut last week, July 15. Hindalco’s aluminium ingot price has witnessed a hike of INR 4,250 per tonne to stand at INR 221,500 per tonne. On July 15, the price...
Primary aluminium inventories in China further shrink over the weekend to 682,000 tonnes
According to the Shanghai Metals Market, primary aluminium inventories continued to decrease over the weekend ended July 18 by 15,000 tonnes across eight major consumption areas in China, including SHFE warrants. As per the data, inventories came in at 682,000 tonnes as of July 18, compared to...
US aluminium plates, sheets & bars imports from Thailand rise doubly YoY to 28,300 tonnes in 1Q2022
The United States’ aluminium plates, sheets and bars imports from Thailand displayed a slight rise of 400 tonnes in March 2022 to stand at 10,500 tonnes, found the US Census Bureau data. In February, the imports stood at 10,100 tonnes, registering a hike of 2,500 tonnes from 7,600 tonnes in...
EGA is recognised with ‘Green Industries’ label by EAD for environmental performance at Al Taweelah
Emirates Global Aluminium has received a prestigious recognition ‘Green Industries’ label by the Environment Agency – Abu Dhabi (EAD) for the environmental performance at the Al Taweelah site. The Green Industries labelling programme is a new initiative by EAD to appreciate outstanding...
China’s aluminium imports in June'22 tumble 36% Y-o-Y due to weaker demand from end-use sectors
China customs data showed a year-on-year downfall of 36.3 per cent in the country’s unwrought aluminium and aluminium products imports in June 2022, attributing to improved domestic output and weaker demand that continued to weigh on import appetite. But on a month-on-month calculation, the imports...
Vedanta willing to collaborate with automobile value chain to reduce imported aluminium intake
On Monday, July 18, Vedanta Aluminium said that it is eager to collaborate with the entire value chain of the automobile sector to minimise the industry’s dependence on imported aluminium. The news came after Vedanta said in a statement, "The company is keen to partner with the automotive...
NALCO’s aluminium ingot price shrinks by 2.4% to INR216,350-219,850/t w.e.f. July 15
National Aluminium Company Limited (NALCO) continued to axe its aluminium ingot and aluminium products prices, with effect from Friday, July 15. The company reduced its aluminium ingot price by INR 5,400 per tonne or 2.4 per cent to INR 216,350-219,850 per tonne. A week ago, July 8, NALCO’s...
Hindalco to start pilot production of aluminium plates for aluminium-air batteries, in partnership with Phinergy & IOC
Now, the use of aluminium as energy source in electric vehicles will be possible in India, thanks to the partnership of Hindalco, Phinergy and IOC Phinergy. According to a report on July 18, Aditya Birla’s flagship company Hindalco has signed an MoU with Phinergy, an Israel-based company engaged in...
Rio Tinto announces a 4% Q-o-Q rise in bauxite production to 14.1 Mt in 2Q2022, attributing to strong operations at Weipa
Rio Tinto Group, an Anglo-Australian multinational metals and mining company, has announced the second quarter results of 2022, revealing a 4 per cent quarter-on-quarter increase and a 3 per cent year-on-year rise in bauxite production to 14.1 million tonnes. According to the mining group, total...
NALCO’s aluminium prices undergo a revision after two weeks; ingot price falls by INR1700/t to INR221,750-225,250/t
After almost two weeks and close observation to the fluctuating LME aluminium price trend, NALCO revised its aluminium ingot and aluminium products prices on July 8. As per the price chart revealed, NALCO slightly cut its aluminium ingot price by INR 1,700, following two consecutive significant...
Hydro initiates expansion of aluminium recycling plant in Germany to produce 25,000 tonnes of HyForge billet
On Friday, July 8, Hydro announced that it broke ground this week to mark the start of the expansion work of its aluminium recycling plant in Rackwitz, Germany. The project will require around EUR 40 million of investment to produce 25,000 tonnes of HyForge per year, increasing the use of...
LME aluminium price oscillated through the week ending lower at US$2399.5/t; SHFE price closed at US$2758/t
LME aluminium benchmark price displayed an oscillating trend this week, ending lower on Friday, July 8. LME aluminium cash bid price and LME aluminium official settlement price started at US$2,431 per tonne and US$2,431.50 per tonne as of Monday, July 4, seeing an increase of 2 per cent from the...
Vedanta’s aluminium business to reap benefits from its investment in Athena power plant
On Thursday, July 7, Vedanta Limited officially announced that it would acquire a 100 per cent stake in debt-ridden Athena Chhattisgarh Power Limited for INR 564.67 crore. The mode of payment is most likely to be cash, and the transaction is expected to complete in FY2022-23. The news came after...
China’s aluminium processing enterprises witness a fall in operating rate by 0.2 percentage point despite stable wire & cable production
According to the Shanghai Metals Market, the average operating rate at China’s major aluminium processing enterprises has slipped by 0.2 percentage point this week ending on July 8, to stand at 66.5 per cent. Aluminium wire and cable was the only sector that recorded a growth in operating rate as...
Vedanta escalates its aluminium ingot selling price by 2% to INR 220,500-252,000/t on July 8
Vedanta Limited has escalated its aluminium ingot and aluminium products prices with effect from Friday, July 8, following two consecutive days of cut on July 6 & 7. As per the price chart revealed, Vedanta has hiked its aluminium ingot price by INR 4,250 per tonne or 1.97 per cent to INR...
