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.
Domestic demand for European aluminium foil rolls grows 5% in 1Q2022 driven by packaging industry
According to a report published by the European Aluminium Foil Association, the first quarter of 2022 witnessed robust domestic demand for European aluminium foil rolls, countervailing a continuing decline in exports. Demand in the larger domestic market segment grew by 5 per cent in the quarter,...
Hindalco back-to-back cuts its aluminium wire rod & billet prices by total INR11500/t
Hindalco Industries Limited slashed its aluminium products and aluminium ingot prices back-to-back this week, following incessant hikes since May 13. On May 25, Hindalco reduced its aluminium wire rod price by INR 6,750 per tonne to INR 268,850 per tonne and extended the cut by INR 4,750 per tonne...
LME aluminium benchmark price trends down this week to US$2823/t; SHFE price slumps to US$3085/t
The LME aluminium benchmark price has showcased a downswing this week after a prolonged period of hikes. Although both the LME aluminium cash bid price and LME aluminium official settlement price started the week on Monday, May 23, with a jump of US$32 per tonne to US$2,962 per tonne and US$2,963...
Manna Capital to build aluminium can sheet rolling mill in alliance with Ball to boost domestic product availability
Manna Capital Partners, a financial advisory and wealth creation company based in Louisville, Kentucky, is reportedly diversifying into aluminium can sheet roll sector. The news came on Thursday, May 26, following an announcement that Manna Capital, in alliance with the world-leading aluminium...
Hindalco earns historic profit of INR 13,730 crore in FY2022, attributing to robust performance in downstream business
On Thursday, May 26, Hindalco Industries Limited reported the consolidated fourth quarter and full-year financial results for 2021-22, revealing highest-ever profits. Its consolidated PAT peaked to a record high at INR 3,851 crore in 4QFY22, a 100 per cent growth year-on-year. In the entire year,...
NALCO’s aluminium ingot price builds up by INR3200/t with effect from May 25
National Aluminium Company Limited (NALCO) further increased its aluminium ingot and aluminium products prices, although at a much slower rate than the previous time, in tandem with the growth in the LME aluminium benchmark price during May 19-24. With effect from Wednesday, May 25, NALCO raised...
Primary aluminium inventories in China decline for the third week in a row to 937,000 tonnes
Social inventories of primary aluminium in China have decreased by 28,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants, found the Shanghai Metals Market. That brought the inventories to 937,000 tonnes on Thursday, May 26, which compared to Monday, May 23, were...
IDCO to build mega aluminium park in Angul by acquiring 300 acres of additional land beside existing park
The Odisha Industrial Infrastructure Development Corporation (IDCO) is reportedly planning to develop the aluminium business park in Angul near the existing park. An additional 300 acres of land will be acquired beside the existing 223 acres to establish a mega park. The news followed the cabinet...
NALCO books highest ever profit of INR 2,952 crore in FY2022 on nameplate aluminium output and soaring prices
On Wednesday, May 25, National Aluminium Company Limited (NALCO), the Navratna CPSE, announced its fiscal report for 2021-22, revealing robust performances and surpass of several milestones. The company said in a regulatory filing that it achieved the best ever annual production and sales during...
EGA meets and greets global aluminium industry leaders to discuss decarbonising electricity generation for net-zero by 2050
On Wednesday, May 25, Emirates Global Aluminium (EGA) greeted aluminium industry leaders from all over the world in Dubai at the 50th-anniversary meeting of the International Aluminium Institute (IAI). The International Aluminium Institute brings together the global aluminium industry to promote...
Hindalco’s aluminium ingot price further uptrends by 1% with effect from May 24
Hindalco Industries’ aluminium ingot and aluminium products prices further trended up by INR 2,750 per tonne or 1 per cent, with effect from Tuesday, May 25. That brought the company’s aluminium ingot price to INR 264,500 per tonne versus INR 261,750 per tonne on May 21. Hindalco’s aluminium wire...
Vedanta’s aluminium wire rod & billet prices escalate by INR2750/t with effect from May 24
Vedanta Limited continued to increase its aluminium products and aluminium ingot prices by INR 2,750 per tonne or 1 per cent, marking the fifth consecutive hike. With effect from Tuesday, May 24, Vedanta’s aluminium wire rod price grew to INR 271,750 – 279,250 per tonne from INR 269,000 – 276,500...
Hydro’s Commerce aluminium plant first in US to achieve Hydro CIRCAL production certificate
Hydro’s aluminium plant in Commerce, Texas, is now certified to produce Hydro CIRCAL, a low-carbon recycled aluminium product containing at least 75 per cent post-consumer, end of life scrap. The plant is Hydro’s first in the United States certified to produce Hydro CIRCAL. The news came after the...
LME aluminium price slumps by 2.8% after two consecutive hikes; SHFE price falls to US$3072/t
Three-month LME aluminium opened at US$2,957 per tonne on Tuesday and closed at US$2,877 per tonne, down US$78 per tonne or 2.64 per cent. Both LME aluminium cash bid price and LME aluminium official settlement price decreased on Tuesday, May 24, after two consecutive days of hike. While the former...
SMM finds China’s aluminium plate/sheet and strip exports surge 52% Y-o-Y in April 2022
China customs data found the country’s aluminium plate/sheet and strip exports in April 2022 stood at 329,000 tonnes, registering a month-on-month increase of 1 per cent and a year-on-year rise of 52 per cent. Exports to the top 10 destinations were 189,200 tonnes, which accounted for 57.49 per...
ASI grants Novelis aluminium sheet facility in China with Performance Standard V2 (2017) Certification
Novelis (China) Aluminum Products Co., Ltd. has reportedly bagged the ASI Performance Standard V2 (2017) Certification for its production facility in Changzhou National Hi-Tech District, Jiangsu Province, China. The plant produces high-strength and lightweight aluminum sheet for use in full...
China’s prebaked anode exports grew 8% in April’22, with a lion share sent to Malaysia
The General Administration of Customs found China’s total exports of prebaked anode reached 185,500 tonnes in April 2022, which were 8.22 per cent higher month-on-month and 63.86 per cent year-on-year. Export value amounted to US$192 million, with a unit price of $1,035.81 per tonne. China exported...
China’s primary aluminium inventories continue to decline W-o-W to 942000 tonnes: SMM
According to the Shanghai Metals Market, social inventories of primary aluminium in China decreased by 42,000 tones week-on-week across eight major consumption areas, including SHFE warrants, to come in at 942,000 tonnes as of Monday, May 23. Compared to last Thursday, May 19, primary aluminium...
