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.
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LME aluminium benchmark price edges 1.5% higher to US$2742/t; SHFE price declines by US$16/t
LME aluminium opened at US$2,758 per tonne on Monday and closed at US$2,789 per tonne, up US$65 per tonne or 2.39 per cent. Both LME aluminium cash bid price and LME aluminium official settlement price resumed the market after the Bank Holiday with a sharp rise of US$40 per tonne and US$40.50 per...
Alumina production in Europe (incl. Russia) sees a fall of 11% M-o-M to 683,000 tonnes during April’22
In Europe (incl. Russia), alumina production during April 2022 totalled 683,000 tonnes, a sharp decline of 86,000 tonnes or 11.18 per cent month-on-month, found the International Aluminium Institute. In March, alumina output in Europe was at 769,000 tonnes, also down over a month from 776,000...
Primary aluminium inventories dip by 8,000 tonnes over weekend to 874,000 tonnes: SMM
Social inventories of primary aluminium in China have continued to decline by 8,000 tonnes over the weekend ended Monday, June 6, across eight major consumption areas, including SHFE warrants. According to the Shanghai Metals Market, the further decline in inventories has brought the total volume...
Vedanta Aluminium highlights its sustainable journey to green aluminium on the World Environment Day
Commemorating the World Environment Day on June 5, 2022, Vedanta Aluminium, India’s leading aluminium producer, said business growth and sustainable development go hand-in-hand. On the same occasion, Rahul Sharma, CEO of Vedanta Aluminium, said certain initiatives of the company related to climate...
A00 aluminium ingot price records back-to-back hike to RMB20840/t; Aluminium alloy (A356) price gains RMB300/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has built up by RMB 300 per tonne on Monday, June 6, to stand at RMB 20,840 per tonne. This has marked the second consecutive hike following a rise of RMB 350 per tonne. Today, the average prices are expected to range...
China’s primary aluminium inventories sharply fall by 55000 tonnes W-o-W on June 2
According to the Shanghai Metals Market, China’s social inventories of primary aluminium extended decline on Thursday, June 2, across eight major consumption areas, including SHFE warrants. As per the data found, the inventories fell sharply by 55,000 tonnes over the week and 151,000 tonnes from...
NALCO reduces aluminium ingot price by INR4800/t or 2% with effect from May 28
National Aluminium Company Limited reduced its aluminium ingot and aluminium products prices, with effect from Saturday, May 28, following two hikes on May 19 and May 25. Since the last cut, NALCO’s aluminium ingot price has come in at INR 254,250 – 257,750 per tonne, down by INR 4,800 per tonne or...
Ball Corporation also joins FMC in the effort to decarbonize the aluminium industry
As a large number of aluminium companies have joined the initiative First Movers Coalition pledging to decarbonise the energy-intensive industry, Ball Corporation has decided to not be left alone from the list. On Wednesday, June 1, the company announced its joining to the global forum, intending...
CRU alerts possible adverse impact on European aluminium if CBAM includes indirect emissions
The independent commodity analyst CRU has published a new report for the European aluminium industry pointing out negative impacts of a wrongly designed Carbon Border Adjustment Measure (CBAM). According to CRU, if CBAM covers indirect emissions and removes existing carbon leakage measures,...
China’s A00 aluminium ingot price escalates by RMB350/t to US$20,540/t; Imported alumina price shrinks by US$5/t
A00 aluminium ingot price in China has gained RMB 350 per tonne, following a sharp decline of RMB 570 per tonne on the previous day. According to the Shanghai Metals Market data, the price has come in at RMB 20,540 per tonne as of June 2, with average prices estimated to range between RMB 20,520...
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Alumina production in Africa & Asia (ex-China) sees M-o-M hike of 8.36% to 1.179 Mt during April’22
Alumina production in Africa & Asia (ex-China) stood at 1.179 million tonnes in April 2022, registering a continued increase of 8.36 per cent month-on-month, according to the International Aluminium Institute (IAI) data. In March, the output stood at 1.088 million tonnes, up by 1.21 per cent from...
Novelis joins worldwide initiative First Movers Coalition to decarbonise aluminium industry
On Tuesday, May 31, Novelis Inc., the world leader in aluminium rolling and recycling, announced the joining to the First Movers Coalition (FMC), a global initiative aimed at decarbonising eight “hard to abate” sectors that account for 30% of worldwide carbon emissions. By joining this platform,...
Hydro Rein and GIG to build and operate wind & solar project for power supply to Alunorte alumina refinery
Hydro Rein, a renewable energy solutions provider, and Macquarie Asset Management’s Green Investment Group (GIG), a specialist green investor, have signed an agreement to form a joint venture company Feijão. The company will build and operate a combined wind and solar power project, with a capacity...
Vedanta heightens its aluminium ingot price by INR2750/t or 1% with effect from May 31
Vedanta Limited expanded its aluminium ingot and aluminium products prices, with effect from Tuesday, May 31, following a cut last week on May 26. The company heightened its aluminium ingot price by INR 2,750 per tonne or 1 per cent to the range of INR 255,500 – 291,200 per tonne versus INR...
LME aluminium benchmark price slumps by US$46.5/t; SHFE plummets by 3% to US$3016/t
LME aluminium opened at US$2,885 per tonne on Tuesday and closed at US$2,789 per tonne, experiencing a sharp downfall of $91 per tonne or 3.16 per cent. On Tuesday, May 31, LME aluminium cash bid price witnessed a plunge of US$46 per tonne, while LME aluminium official settlement price slumped by...
World daily alumina output improves in April’22 despite a 3% monthly fall to 11.373 Mt : IAI
World alumina production in April 2022 came in at 11.063 million tonnes, registering a downfall of 2.73 per cent from 11.373 million tonnes in March, found the International Aluminium Institute. However, the output in March registered a month-on-month hike of 12.43 per cent from 10.116 million...
Alumina spot price in China dips by RMB2/t to RMB2987/t; A00 aluminium ingot price inches up by RMB10/t
China's average alumina spot price has continued to fall for the second day in a row, although at a lower rate than the previous day. According to the Shanghai Metals Market data, the price has dipped by RMB 2 per tonne to stand at RMB 2,987 per tonne on Tuesday, May 31. In Guizhou and Guangxi,...
