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.
Hydro installing a new 12-inch, more advanced extrusion press at Tønder plant to boost auto components production
Hydro is reportedly investing NOK 300 million (EUR 29 million) in a new 12-inch, state-of-the-art extrusion press at its Tønder plant in Denmark to boost production capacity and capability to make extrusions with large cross-sections for automotive Tier-1 suppliers and automotive OEMs. Hydro’s...
Primary aluminium inventories decline 11,000 tonnes W-o-W as downstream purchase grows on price fall
According to the Shanghai Metals Market, social inventories of primary aluminium have decreased by 11,000 tonnes week-on-week across China's eight major consumption areas, following a restraint over the weekend on Monday, July 4. As per the SMM data, inventories as of July 7 have come in at 723,000...
Canyon’s bankable feasibility study reveals 176 billion FCFA financing for Minim Martap bauxite project infrastructure
The Australian mining company Canyon Resources has reportedly revealed a bankable feasibility study of world-class Minim Martap bauxite project in Cameroon. The study was carried out by Canyon’s strategic partner MCC-CIE, covering details of funding for various aspects of the project. One of the...
Chinese PV mounting system developer Enerack offers new solar, aluminium alloy carport solution
Chinese PV mounting system developer Enerack has unveiled a solar carport solution made of aluminium alloy of the type AL6005-T5, specially designed for shopping centres, gas solutions, public parking lots and private homes. The primary market of Enerack’s solar carport solution is Europe. Earlier,...
AkzoNobel signs deal to take over Lankwitzer’s aluminium liquid wheel coating business
AkzoNobel, a Dutch multinational company specialised in making paints and performance coatings for both industry and consumers worldwide, has reportedly reached an agreement to acquire the wheel liquid coatings business of Lankwitzer Lackfabrik GmbH. This will enable the former to supply a...
Hindalco chops its aluminium ingot and products prices by INR4750/t on July 6
Hindalco Industries Limited has slashed its aluminium ingot and aluminium products prices, with effect from July 6, following a hike on the previous day. Hindalco has axed its aluminium ingot price by INR 4,750 per tonne or 2.12 per cent to INR 219,000 per tonne. On July 5, the company’s ingot...
Jindal Aluminium narrates its 50 years of success through new logo design
Jindal Aluminium has reportedly launched a new logo and brand identity, which reflects the journey of its transformation and growth story for over 50 years. The new logo design has a legacy ring and a glyph that sports the company name. The logo symbolises timelessness, integrity and perfection,...
Vedanta increases its aluminium wire rod price by INR3000/t w.e.f. July 5 as LME price grows over the weekend
Vedanta Limited has increased its aluminium products and aluminium ingot prices for the second time in a row, with effect from Tuesday, July 5. The company expanded its aluminium wire rod price by INR 3,000 per tonne to INR 231,000- 238,500 per tonne versus INR 228,000- 235,500 per tonne on July 1....
Hindalco and Vedanta wish to join CIL’s greenfield aluminium project as equity partners
Indian aluminium giants like Hindalco and Vedanta have shown interest in joining hands with Coal India Limited as equity partners for the proposed integrated greenfield aluminium project in Odisha. The news comes on Wednesday, July 6, after two officials aware of the matter reported, stating that...
Primary aluminium inventories in China stop destocking this weekend from 734,000 tonnes
According to the Shanghai Metals Market, social inventories of primary aluminium in China recorded a restraint this weekend, ending July 4, at 734,000 tonnes. After continued declines since June 21, primary aluminium inventories displayed no change over the weekend across eight major consumption...
Alumina production in Europe improves 6% M-o-M in May’22 but declines by 19% on year to 722,000 tonnes
Alumina production in Europe (incl. Russia) stood at 722,000 tonnes during May 2022, which registered an increase of 39,000 tonnes or 5.71 per cent month-on-month, found the International Aluminium Institute. However, in April, alumina production in Europe plunged by 86,000 tonnes or 11.18 per cent...
3-year power deal with Santee Cooper shields Century’s Mount Holly smelter from rising energy costs
Century Aluminum’s three-year power contract with Santee Cooper signed in 2021 is believed to have been shielding the company’s Mount Holly smelter near Goose Creek from rising energy costs. It is helping Chicago-based Century Aluminum combat the second biggest expense after payroll - the...
Commissioning of new 12.9 million tonnes of Chinese alumina capacities pulls down domestic prices
June 2022 witnessed the commissioning of 8.45 million tonnes of new alumina capacities in China, including Jingxi Tiangui’s Phase II project with 850,000 tonnes of capacity, Bosai Wanzhou with 4.8 million tonnes, Hebei Wenfeng with 2.4 million tonnes, and Aokaida Chemial with 400,000 tonnes....
China’s A00 aluminium ingot price builds up by RMB120/t after two back-to-back falls; Imported bauxite price gains US$1.5/t
A00 aluminium ingot price in China has opened the week with a hike of RMB 120 per tonne, following two consecutive downfalls from RMB 19,370 per tonne to RMB 19,050 per tonne, found the Shanghai Metals Market. Hence, on Monday, July 4, the price has come in at RMB 19,170 per tonne, with average...
Hindalco trims its aluminium ingot price for the second day in a row by INR3500/t w.e.f. June 30
Hindalco Industries Limited reduced its aluminium ingot and aluminium products prices, with effect from Thursday, June 30. The company trimmed its aluminium ingot price by INR 3,500 per tonne to INR 225,250 per tonne. On the previous day, June 29, Hindalco’s aluminium ingot price stood at INR...
200 new units of Vande Bharat train on the way with aluminium, sleeper coaches
Indian Railways has floated a tender worth INR 26,000 crore for manufacturing 200 units of Vande Bharat train with aluminium coaches, following the government’s commitment to launch new Vande Bharat trains during the budget announcements. The new Vande Bharat train in version 3 will have sleeper...
Vedanta deducts INR4750/t from its aluminium ingot price with effect from July 1
Vedanta Limited has deducted INR 4,750 per tonne from all its aluminium products and aluminium ingot price, with effect from Friday, July 1. With this cut, Vedanta’s aluminium ingot price has come in at INR 220,500-253,500 per tonne, in contrast to INR 225,250- 258,250 per tonne on June 30. The...
US alumina imports flaunt an 8% Q-o-Q hike for 1Q2022 despite a fall from its highest exporter Brazil
In the first quarter of 2022, the United States imported 445,000 tonnes of alumina, recording a quarter-on-quarter hike of 8.27 per cent or 34,000 tonne from 411,000 tonnes. On a year-on-year basis, the imports during the said quarter grew by 6.97 per cent from 416,000 tonnes, showed the US Census...
