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 expands its aluminium ingot price for three days in a row by INR2250/t on May 14
Hindalco Industries Limited raised its aluminium ingot and aluminium products prices for the third day in a row, with effect from Saturday, May 14. As per the revised prices, the company’s aluminium ingot price saw a rise of INR 2,250 per tonne or 1 per cent to INR 243,500 per tonne. On Friday, May...
Operating rate across aluminium processors in China grows to 58.6% in the backdrop of recovery from the pandemic
According to the Shanghai Metals Market data, the average operating rate across aluminium processors in China grew by 1.3 percentage points week-on-week to stand at 58.6 per cent last week ended Friday, May 13, driven by the resumption of operations after the Labour Day Holiday. But compared to the...
LME aluminium price gains US$35/t to close at US$2723/t; SHFE rebounds to exceed US$3000/t again
Three-month LME aluminium opened at US$2,785 per tonne last Friday and closed at US$2,828 per tonne, an increase of US$42 per tonne or 1.51 per cent. On Friday, May 13, LME aluminium cash bid price and LME aluminium official settlement price rose for an alternate day by US$35 per tonne to stand at...
Vedanta’s aluminium ingot price gains INR2000/t with effect from Saturday, May 14
Vedanta Limited has increased its aluminium ingot and aluminium products prices, with effect from Saturday, May 14, as the LME aluminium benchmark price regained by US$35 per tonne on Friday, May 13. On Thursday, Vedanta’s aluminium prices were slashed by INR 3,000 per tonne in response to the LME...
LME aluminium benchmark price touched five-month low this week; SHFE closed higher at US$2,968/t
The LME aluminium benchmark price increased this week by US$15 per tonne but touched the five-month for an intermittent period. On Monday, May 9, LME aluminium cash bid price and LME aluminium official settlement price started the week with a decline to US$2,707 per tonne and US$2,708 per tonne and...
Hindalco raises its aluminium products prices by INR4750/t in response to intermittent LME price rise
Hindalco Industries Limited has finally raised its aluminium ingot and aluminium products prices, with effect from Thursday, May 12, after more than two weeks of back-to-back cuts for the LME aluminium price fall. Now, the company is selling its aluminium billets price at INR 258,600 per tonne...
JNARDDC and CGCOST team up to evaluate bauxite deposits in Chhattisgarh, bringing benefits to the domestic aluminium sector
According to a report published on Friday, May 13, a Memorandum of Understanding (MoU) has been signed between the Chhattisgarh Council of Science and Technology (CGCOST), Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC), and Ministry of Mines on Wednesday, May 11, for...
Primary aluminium inventories in China decline W-o-W by 30,000 tonnes to total 1 million tonnes
According to the Shanghai Metals Market, social inventories of primary aluminium continued to decrease across eight major consumption areas, including SHFE warrants. On a weekly basis, inventories decreased by 30,000 tonnes, while on a year plunged by 58,000 tonnes to come in at 1 million tonnes on...
China’s secondary aluminium operating rate drops to 33.1% in April’22 for scanty raw materials and production shut
According to the Shanghai metals Market, China’s average operating rate of secondary aluminium recorded a drop of 12.3 percentage points month-on-month to close at 33.1 per cent in April. The resurgence of COVID pandemic was the main reason behind the downfall. The situation deteriorated since...
Tiwai Aluminium seeks a pathway to a secured future beyond 2024, in search of a power supplier for the smelter
The Tiwai Point Aluminium Smelter, owned by New Zealand Aluminium Smelters Limited (NZAS), is now focused on securing the future beyond its closing date in 2024. On Tuesday, May 10, NZAS chief executive Chris Blenkiron said in a community forum that he is seeking a pathway for the smelter to enable...
Hardys to introduce three new varieties of wine in aluminium cans, expects recycling growth
Hardys, the no.1 Australian Wine brand in the United Kingdom, will reportedly introduce three new varieties of wine in aluminium cans next month to make a debut in the on-the-go market. The varieties, comprised of rosé, chardonnay, and shiraz, will appear on trade and festivals this summer....
Operation resumption at aluminium enterprises further lifts A00 aluminium ingot price by RMB150/t; caustic soda price gains RMB15/t
A00 aluminium ingot price in China has extended growth by RMB 150 per tonne on Thursday, May 12, to stand at RMB 20,270 per tonne, found the Shanghai Metals Market. The average prices are estimated to range between RMB 20,250 per tonne and RMB 20,290 per tonne, with spot contract to be traded at a...
Novelis announces record net sales of $17.1 billion for FY2022, buoyed by robust aluminium FRPs shipments of 3.858 Mt
Novelis Inc., the world’s leader in aluminium rolling and recycling, has announced its fourth quarter and full-year results of the financial year 2022. It has mentioned in the report a Y-o-Y hike of 21 per cent in net income from continuing operations for the quarter ended March 31 to $217 million,...
NALCO’s aluminium ingot price axed by INR27200/t on May 11 in line with LME price fall to the lowest this year
National Aluminium Company Limited has sharply axed its aluminium ingot and aluminium products prices for the third consecutive time since April 28, in response to the continued downfall in the LME aluminium benchmark price for over a week. More so, on Tuesday, May 10, the LME aluminium benchmark...
Hindalco Industries back-to-back cuts aluminium ingot price by INR2500/t as LME records 5-month low
Hindalco Industries Limited has further trimmed its aluminium ingot and aluminium products prices, following a major cut on the preceding day, May 10. As per the revised prices revealed on May 11, Hindalco has cut its aluminium ingot price by INR 2,500 per tonne to INR 239,750 per tonne. On...
Vedanta Limited cuts aluminium wire rod & billet prices by 3% with effect from May 10
Vedanta Limited is continuing to cut its aluminium products and aluminium ingot prices in line with the incessant downfall of the LME aluminium benchmark price. On Tuesday, May 10, Vedanta slashed its aluminium wire rod price by INR 8,250 per tonne or 3.2 per cent to INR 249,750 - 257,250 per...
China’s social inventories of primary aluminium dip over the weekend by 3000 tonnes but Gongyi sees a rise of 10,000 tonnes
As of Monday, May 9, social inventories of primary aluminium dipped over the weekend by 3,000 tonnes but rose week-on-week by 43,000 tonnes, found the Shanghai Metals Market data. Thus, the inventories came in at 1.03 million tonnes across eight major consumption areas, including SHFE warrants. The...
Vedanta Aluminium signs MoU with NFSU to build stronger security professionals for its own
On Tuesday, May 10, Vedanta Aluminium, India’s largest aluminium producer, has announced the signing of a Memorandum of Understanding (MoU) with the National Forensic Sciences University (NFSU) to conduct research, training and academic activities for its security professionals. The news came after...
