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.
Hindalco’s aluminium billets price continues to upswing by 2.89% w.e.f. May 21
Hindalco Industries Limited further raised its aluminium products and aluminium ingot prices on Saturday, May 21, for the second time in a week. A previous hike was on May 18 when Hindalco expnded its aluminium billets price by INR 10,500 per tonne to INR 268,100 per tonne. Three days later,...
Africa’s primary aluminium production during April’22 drops 4.4% M-o-M to 131,000 tonnes: IAI
In April 2022, primary aluminium production in Africa stood at 131,000 tonnes, registering a month-on-month downfall of 6,000 tonnes or 4.38 per cent, showed the International Aluminium Institute data. In March, primary aluminium output was 137,000 tonnes, seeing a hike of 11.38 per cent from...
Maan Aluminium reports over 100% quarterly hike in net profit despite 21.5% decline in sales during 1Q2022
Maan Aluminium, a downstream aluminium producer in India, has announced its net sales of INR 129 crore for the March quarter of 2022, down by 21.55 per cent from INR 164.44 crore in the December quarter and 20.99 per cent lower than INR 163.27 crore during the same period last year. But despite the...
LME aluminium price expands by US$105/t after an intermittent drop; SHFE builds up US$39/t to US$3129/t
Three-month LME aluminium price opened at US$2,935 per tonne last Friday and closed at US$2,969.50 per tonne, an increase of US$63 per tonne or 2.17 per cent. On Friday, May 20, both LME aluminium cash bid price and LME aluminium official settlement price skyrocketed by over US$100 per tonne after...
NALCO’s aluminium ingot price sees a sharp rise of more than 6% to INR255850 – 259350/t
After more than a week, National Aluminium Company Limited (NALCO) has revised its aluminium selling prices in accordance with the LME aluminium benchmark price trend. As the LME price has been on an upswing spree, NALCO has decided to expand its aluminium ingot and aluminium products prices. So,...
World primary aluminium production dips 1.4% Y-o-Y to 16.549 Mt in 1Q2022
World primary aluminium production in the first quarter of 2022 totalled 16.549 million tonnes, registering a quarter-on-quarter downfall of 0.53 per cent from 16.637 million tonnes, found the International Aluminium Institute (IAI). On a year-on-year calculation, the output in Q1 2022 also...
Vedanta’s aluminium ingot price mounts to INR253,750 – 289,450/t as LME price continues to rally
Vedanta Limited has continued to expand its aluminium ingot and aluminium products prices as the LME aluminium benchmark price records an interrupted growth. With effect from Wednesday, May 18, Vedanta has raised its aluminium ingot price by INR 4,750 per tonne or 1.9 per cent to INR 253,750 –...
China’s primary aluminium inventories decline further by 38,000 tonnes W-o-W: SMM
According to the Shanghai Metals Market, social inventories of primary aluminium have decreased by 38,000 tonnes week-on-week across eight major consumption areas in China, including SHFE warrants, to come in at 965,000 tonnes as of Thursday, May 19. Compared to this Monday, May 16, the inventories...
EGA’s Al Taweelah again wins ASI Performance Standard Certification
Emirates Global Aluminium has announced on Thursday, May 19, that its Al Taweelah site has again bagged the Aluminium Stewardship Initiative’s Performance Standard Certification for sustainable performance. The recertification covers EGA’s port, power generation, carbon plant, potlines, casthouse,...
Odisha government approves INR 428.95 crore budget for a mega aluminium park in Angul
According to a report on Wednesday, May 18, the Odisha government has approved a budgetary provision of INR 428.95 crore for the development of a mega aluminium park in Angul. The state cabinet members took the decision at a meeting chaired by Odisha Chief Minister Naveen Patnaik. The objective is...
LME aluminium price grows for the fourth consecutive day by US$9/t; SHFE mounts to US$3028/t
Three-month LME aluminium opened at US$2,881 per tonne on Wednesday and closed at US$2,825 per tonne, down US$57 per tonne or 1.98 per cent. On Wednesday, May 18, both LME aluminium cash bid and LME aluminium official settlement price continued to grow for the fourth day in a row but at a slower...
Hindalco raises its aluminium wire rod & billets prices by INR10500/t with effect from May 18
Hindalco Industries Limited has continued to increase its aluminium products and aluminium ingot prices as the global aluminium benchmark price on the London Metal Exchange rallies back-to-back. With effect from Wednesday, May 18, Hindalco’s aluminium wire rod price has experienced a sharp rise of...
Imerys to build a 4.67-MWp solar plant at its alumina refinery in Bahrain, a step towards 36% carbon cut by decade-end
Paris-headquartered industrial minerals manufacturing company Imerys S.A. has reportedly collaborated with Yellow Door Energy to build a 4.67-MWp solar plant at its white fused alumina refinery in Bahrain. As per the report, more than 8,500 solar panels will be installed in the plant located across...
Vedanta Aluminium enters a long-term contract with NHAI to build greener roads with fly-ash
According to a recent report, Vedanta Aluminium has signed a long-term contract with the National Highways Authority of India (NHAI) to construct greener roads with fly-ash in Odisha. The news came on Tuesday, May 17, after Vedanta announced it officially in a statement, "The company has... entered...
Vedanta expands its aluminium billet price by INR5750/t in response to LME aluminium price rally for supply shortage in Europe
Vedanta Limited has further raised its aluminium products and aluminium ingot prices, with effect from Tuesday, May 17, in response to back-to-back LME aluminium price hike this week. As per the revised prices revealed, Vedanta has expanded its aluminium billet price by INR 5,750 per tonne or 2.29...
Aluminium scarcity in Europe will further erode 17-year low LME stocks
Aluminium supplies to Europe to fill the scarcity in the region will further lower the aluminium inventories in LME-approved warehouses over the coming days and weeks from its current 17-year low. Citi analyst Max Layton has analysed and noted that aluminium supply will continue to remain weak in...
Primary aluminium inventories in China drop 2% over the weekend to shrink below 1 million tonnes
According to the Shanghai Metals Market, social inventories of primary aluminium have declined over the weekend ending May 16 by 19,000 tonnes or 1.89 per cent across eight major consumption areas, including SHFE warrants. On a year-on-year calculation, the inventories are down by 77,000 tonnes...
On-warrant LME aluminium inventories drop 9.7% to a two-decade low; but price retreats from its gains on a weak demand outlook
Aluminium stocks in the London Metal Exchange have decreased to a record low but the sign of supply shortages has yet not wobbled the bearish sentiment of the global metal price anticipating weaker demand in the near future. According to the data shown by London Metal Exchange, on-warrant aluminium...
