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 increases its price cut rate to 3.25% bringing aluminium wire rod price to INR253350/t
Hindalco Industries Limited has continued to slash its aluminium products and aluminium ingot prices, with effect from May 10, 2022. This marks the seventh consecutive price cut by Hindalco since April 21. On May 10, Hindalco’s aluminium wire rod price has come in at INR 253,350 per tonne, down by...
China’s daily average aluminium production grows 3000 tonnes M-o-M in April’22 in spite of a marginal fall in monthly output
According to the Shanghai Metals Market data, China’s aluminium production in April 2022 stood at 3.298 million tonnes, registering an increase of 1.47 per cent year-on-year but a marginal drop from the previous month. However, the daily average output grew by 3,000 tonnes month-on-month to 109,900...
A00 aluminium ingot price declines for the fourth day to RMB19640/t; imported bauxite price from Guinea grows by $2/t after over a month
A00 aluminium ingot price in China has decreased for the fourth day in a row by RMB 140 per tonne to stand at RMB 19,640 per tonne as of Tuesday, May 10, according to the Shanghai Metals Market data. The average prices are estimated to range between RMB 19,620 per tonne and RMB 19,660 per tonne,...
Vedanta Limited reduces aluminium wire rod price by 1% with effect from May 6
Vedanta Limited further reduced its aluminium products and aluminium ingot prices on May 6, in response to the LME aluminium benchmark price fall. The company cut its aluminium wire rod price by INR 2,250 per tonne to INR 263,000 – 270,500 per tonne versus INR 265,250 -272,750 per tonne on May 5....
Hindalco Industries’ aluminium ingot price declines by INR2250/t with effect from May 6
Hindalco Industries’ aluminium ingot and aluminium products prices again saw a cut on Friday, May 6, but at a lower rate compared to the previous day. According to the latest price list, the company reduced its aluminium ingot price by INR 2,250 per tonne or 0.87 per cent to INR 255,500 per tonne....
China’s primary aluminium inventories build-up by 46,000 tonnes W-o-W as operating rates recover from pandemic
On May 5, 2022, social inventories of primary aluminium in China gained 46,000 tonnes week-on-week, marking a rise after three consecutive weeks of fall. According to the Shanghai Metals Market data, the inventories totalled 1.03 million tonnes this week across eight major Chinese consumption...
Hindalco’s aluminium billets price sees a fifth consecutive cut of INR9000/t with effect from May 5
Hindalco Industries Limited’s aluminium products and aluminium ingot prices continued to see a plunge on May 5 for the fifth consecutive time since April 21, 2022. As per the latest price list revealed by the company, aluminium billets price saw a cut of 3.2 per cent or INR 9,000 per tonne to come...
Odisha government to host a two-day event to showcase downstream investment opportunities at Angul Aluminium Park
The Odisha government has reportedly planned to host a two-day event - Advantage Angul, intending to showcase investment opportunities in downstream and ancillary industries of aluminium and steel sectors in Angul district, Odisha. The government has planned this event after Union Minister R P...
Ball Corporation reports higher net earnings of $446 million on net sales of $3.7 billion
On May 5, 2022, Ball Corporation, the world’s leading aluminium packaging company, announced its first quarter 2022 financial results, declaring net earnings of $446 million or $1.37 per diluted share attributable to net sales of $3.7 billion. A year ago, the company’s net earnings were $200...
NALCO reduces its aluminium ingot price by INR5800/t with effect from May 1
National Aluminium Company Limited further reduced its aluminium ingot and aluminium products prices just after two days from the last cut. With effect from May 1, 2022, NALCO slashed its aluminium ingot price by INR 5,800 per tonne compared to the cut of INR 10,000 per tonne on April 28. Since,...
Vedanta’s aluminium wire rod & billet prices see a sharp downfall of INR10500/t with effect from May 4
Vedanta Limited further reduced its aluminium products and aluminium ingot prices, with effect from May 4, 2022, for the fifth consecutive time since April 23. According to the revised prices, Vedanta is currently selling its aluminium wire rod at INR 263,500-271,000 per tonne after cutting it by...
China’s alumina spot price gains RMB6/t after a week-long restraint; A00 aluminium ingot price shrinks to RMB20720/t
According to the Shanghai Metals Market, the average alumina spot price has increased by RMB 6 per tonne after remaining restrained at RMB 3,010 per tonne from April 22 to 29. Hence, as of May 5, the price is standing at RMB 3,016 per tonne. In Henan, alumina price has hiked by RMB 15 per tonne to...
Aluminum Co. of China’s stocks ratings upgraded from “buy” to “strong-buy”
On Tuesday, May 3, a stock rating agency upgraded Aluminum Corporation of China Limited, also known as Chalco, from a “buy” rating to a “strong-buy” rating. Earlier, on January 13, the Goldman Sachs Group had rated the stocks of Aluminum Corp. of China “sell” instead of “buy”, while on March 23,...
ASI Board to formally launch new standards of certifications around May 19, 2022
According to a report last week, the ASI Board has revised its Performance and Chain of Custody Standards, supporting Guidance, Assurance Manual, Claims Guide and Glossary as By-Laws. This new version, to be formally launched around 19th May, is the outcome of a first major standard revision...
Novelis to build advanced aluminium recycling centre with annual casting capacity of 240,000t of sheet ingot
Novelis Inc., the world’s leading flat-rolled aluminium products manufacturer and recycler, has reportedly broken ground to build a highly advanced recycling centre for automotive in North America. The project will have an annual casting capacity of 240,000 tonnes of sheet ingot, involving an...
Mexico’s aluminium scrap exports to US grow 11% M-o-M and 27% Y-o-Y to 17,100 tonnes in Feb’22
Mexico’s aluminium scrap exports to the United States stood at 17,100 tonnes in February 2022, reflecting a month-on-month increase of 11.03 per cent or 1,700 tonnes from 15,400 tonnes, found the US Geological Survey data. The exports in January were 700 tonnes or 4.76 per cent higher than 14,700...
Alumina production in Europe (incl. Russia) reflects Q-o-Q drop of 6.47% to 2.43 Mt in 1Q2022
In March 2022, alumina production in Europe (incl. Russia) stood at 769,000 tonnes, reflecting a month-on-month decline of 7,000 tonnes or 0.90 per cent from 776,000 tonnes. Monthly downfall in March continued as alumina output in February also stood down M-o-M by 12.32 per cent from 885,000...
Vedanta reduces its aluminium ingot price for the fourth time in a row by INR3000/t w.e.f. April 30
Vedanta Limited continued to reduce its aluminium ingot and aluminium products prices for the fourth time in a row since April 21. With effect from April 30, 2022, Vedanta cut its aluminium ingot price by INR 3,000 per tonne or 1.11 per cent to INR 266,500--302,200 per tonne. A day before, the...
