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 sharply cuts its aluminium wire rod price by INR11250/t in line with LME’s plunge by US$172/t
Hindalco Industries Limited has sharply cut its aluminium products and aluminium ingot prices, with effect from Tuesday, April 26, in line with the two back-to-back declines in LME aluminium benchmark price. Hindalco has slashed its aluminium wire rod price by INR 11,250 per tonne to sell the...
NALCO and MIDHANI CMDs meet AP Chief Minister to resolve infrastructure issues of aluminium alloy plant in Nellore
On Monday, April 25, NALCO CMD Sridhar Patra and MIDHANI CMD Sanjay Kumar Jha reportedly met the Chief Minister of Andhra Pradesh YS Jagan Mohan Reddy to apprise the problems related to infrastructure for setting up a high-end aluminium alloy products manufacturing plant in Nellore. On receiving...
China’s A00 aluminium ingot price shrinks for the third day to RMB20740/t for ongoing pandemic; Aluminium alloy (A356) plunges by RMB200/t
A00 aluminium ingot price in China has decreased for the third day in a row by RMB 210 per tonne on Tuesday, April 26, to stand at RMB 20,740 per tonne, found the Shanghai Metals Market. The average prices are estimated to range between RMB 20,720 per tonne and RMB 20,760 per tonne, with spot...
Be Ready to Participate in the 40th International Conference and Exhibition ICSOBA 2022 on Oct. 10-14
ICSOBA, the International Committee for Study of Bauxite, Alumina & Aluminium, has announced the 40th International Conference and Exhibition ICSOBA 2022. The five-day event, scheduled from 10th to 14th of October will take place in Athens, Greece, in association with Mytilineos as the host...
EGA secures an access to $137.5 million of revolving credit facility based on Term SOFR, emerging alternative to LIBOR
According to a recent report, Emirates Global Aluminium, the largest industrial company outside oil and gas in the UAE, has agreed to a revolving credit facility tied to the Term Secured Overnight Funding Rate (SOFR).It will provide EGA an access to $137.5 million, with a term extended by 12...
US January aluminium extrusion imports from Canada slump for second month to 194,000t; imports from UAE fall 14% after a monthly rise
According to the US Census Bureau data, the United States imported 194,000 tonnes of aluminium crude metals and alloys from Canada in January 2022. That was a decrease of 2,000 tonnes or 1.02 per cent from 196,000 tonnes in December 2021. As per the data shown, the monthly decline in China’s...
Hindalco’s aluminium billets price slips by INR5500/t on April 21 after an intermittent rise
Hindalco Industries Limited again cut its aluminium products and aluminium ingot prices, with effect from Thursday, April 21, following an intermittent hike on the previous day. On April 21, the company reduced its aluminium billets price by INR 5,500 per tonne or 1.82 per cent to sell the product...
Vedanta slashes its aluminium ingot price by INR5500/t with effect from April 21
Vedanta Limited cut its aluminium ingot and aluminium products prices, with effect from Thursday April 21, soon after it raised the prices on the previous day. With effect from April 21, the company reduced its aluminium ingot price by INR 5,500 per tonne or 1.90 per cent to INR 283,250-330,750 per...
LME aluminium price swings down this week by US$68/t to US$3244/t; SHFE price shrinks to US$3384/t
The LME aluminium benchmark price resumed from the Easter Holiday on Tuesday, April 19, with a growth of 2 per cent. LME aluminium cash bid price and LME aluminium official settlement price grew by 2.25 per cent and 2.30 per cent on April 19 to settle at RMB 3,310 per tonne and RMB 3,312 per tonne,...
China’s primary aluminium inventories continue to fall by 42000 tonnes W-o-W as purchase recovers after pandemic
According to the Shanghai Metals Market, social inventories of primary aluminium in China continued to record week-on-week fall since the last drop of 3,000 tonnes on the previous Thursday, April 14. But compared to the prior week, the inventories fell extensively this Thursday by 42,000 tonnes...
NALCO grows aluminium ingot price by INR2100/t on April 21 in response to three back-to-back hikes in LME
National Aluminium Company Limited has revised its aluminium ingot and aluminium products prices since its last cut on April 12. With effect from Thursday, April 21, NALCO has increased its aluminium ingot price by INR 2,100 per tonne or 0.75 per cent to sell it at INR 282,650-286,150 per tonne. On...
Average alumina price in China expands to RMB3010/t after a restraint last day; but A00 aluminium ingot price drops by RMB30/t
The average alumina spot price in China has recorded an increase of RMB 4 per tonne on Friday, April 22, following a restraint on the previous day. According to the Shanghai Metals Market, the price has closed the week at RMB 3,010 per tonne. However, the alumina price growth has not touched upon...
China’s primary aluminium exports in March'22 grow exponentially Y-o-Y to 42300 tonnes backed on decreased overseas output
According to the Shanghai Metals Market, China imported 39,400 tonnes of primary aluminium in March 2022, which reflected a sharp rise of 115 per cent month-on-month but a downfall of 55.1 per cent year-on-year. In contrast, China’s exports of primary aluminium grew year-on-year by 5571 per cent in...
Novelis to expand aluminium capacity with $30 million in Plettenberg-Ohle facility for the growing coffee capsules market
On Thursday, April 21, Novelis, the global leader in aluminium rolling and recycling, has announced its investment plan of more than $30 million for building a new continuous annealing line at its Plettenberg-Ohle facility in Germany. As per the report, the addition of new line will increase the...
After BMW now Mercedes Benz to sport solar aluminium as EGA agrees to supply CelestiAL to Hammerer Aluminium
According to a recent report, Emirates Global Aluminium has agreed on supplying CelestiAL solar aluminium to Mercedes-Benz parts maker Hammerer Aluminium Industries (HAI). The news came after the former, the world’s biggest premium aluminium producer, entered into a formal agreement with Hammerer....
World primary aluminium production in Q1 2022 dips by 1% Q-o-Q to 16.459 Mt despite a rebound in March
In March 2022, world primary aluminium production grew month-on-month by 11.23 per cent to rebound to 5.693 million tonnes, bringing the total output in the first quarter ended March 31, 2022, to 16.459 million tonnes. In February, the production stood at 5.118 million tonnes, seeing a decline of...
Vedanta hikes its aluminium ingot price by INR6500/t with effect from April 20
Vedanta Limited has hiked its aluminium ingot and aluminium products prices on Tuesday, April 20, in response to the LME aluminium price growth. Vedanta has raised its aluminium ingot price by INR 6,500 per tonne or 2.30 per cent to INR 288,750-336,250 per tonne as against the increase of INR 1,250...
Rio Tinto Q1 2022 Production Report: 4% Q-o-Q rise in bauxite output with third-party shipments grown by 12%
Rio Tinto, an Anglo-Australian multinational mining group, has published its quarterly production report for the first quarter of CY2022, whereby it has announced a 4 per cent Q-o-Q increase in bauxite output to 13.625 million tonnes. But on a year-on-year basis, it registered no change. Bauxite...
