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.
NALCO aluminium ingot price experiences further cut of INR24800/t w.e.f. March 16
National Aluminium Company Limited has reduced its aluminium ingot and aluminium products prices for the second time in a row, with effect from Wednesday, March 16, 2022, in line with the continued sharp decline in LME aluminium price. With the latest cut, NALCO’s aluminium ingot price has come in...
Shares of Hoshion Industrial Aluminium rise on the occasion of bagging new business worth CNY4 billion
Shares of Chinese aluminium profile manufacturer - Hoshion Industrial Aluminium soared on the occasion of bagging four new clients with business prospect of CNY 4 billion (US$628.8 million). On Tuesday, March 15, Hoshion declared that it could earn CNY3.6 billion to CNY4 billion in the subsequent...
German companies in support of sanctions against Russia knowing possible impact on aluminium supplies
Last week, Germany’s BGA trade association’s survey showed that German businesses abetted Berlin’s economic sanctions against Russia for its invasion of Ukraine, knowing the ensuing economic slowdown that it could usher or threaten the supply of aluminium. German companies are joining each other in...
Imported alumina price in China gains RMB15/t after an intermittent fall; Domestic A00 aluminium ingot price grows to RMB21770/t
The average alumina spot price in China has dipped by RMB 10 per tonne on Wednesday, March 16, to stand at RMB 2,964 per tonne, found the Shanghai Metals Market. In Shandong, alumina price has decreased by RMB 25 per tonne to come in at RMB 2,910 per tonne, while the price in Shanxi has dropped by...
Hindalco’s aluminium prices decline by INR5250/t on March 15; Ingot price comes in INR297250/t
Hindalco Industries Limited cuts its aluminium ingot and aluminium products prices for the third time in a row, with effect from Tuesday, March 15, as LME aluminium benchmark price slid further by US$73 per tonne on March 14. Hindalco has reduced its aluminium ingot price by INR 5,250 per tonne to...
IAI affirms aluminium cans best support circular economy: Recycling rate of 71% outperforms glass & PET bottles
The first comprehensive research report on recycling value chain, launched by the International Aluminium Institute (IAI), shows that aluminium cans best support a circular economy than glass or plastic (PET) bottles. This claim has been established after studying through collection, sorting,...
China’s Jan-Feb daily aluminium output records highest since mid-2021 at 107,288 tonnes, shows NBS
According to the data released by the National Bureau of Statistics, China’s aluminium output in the first two months of 2022 totalled 6.33 million tonnes, which reflected a year-on-year downfall of 1.4 per cent. During the corresponding period last year, China’s aluminium production had amounted...
LME aluminium price further declines to US$3399/t on anticipation of stock release; SHFE edges 1.36% lower
Three-month LME aluminium opened at US$3,497 per tonne on Monday, March 14, and closed at US$3,315 per tonne, down by US$165 per tonne or 4.74 per cent. On Monday, March 14, LME aluminium prices continued to decline for the second day in a row, based on the anticipation of stock release in the...
Hindalco’s aluminium wire rod price declines by INR4000/t on March 12 in response to LME price fall
Hindalco Industries Limited continued to reduce its aluminium products and aluminium ingot prices, with effect from Saturday, March 12, in response to LME aluminium price fall by US$63 per tonne on Friday, March 11. Hindalco cut its aluminium wire rod price by INR 4,000 per tonne to bring it to...
EGA, TAQA, Dubal Holding and EWEC conceive an initiative to develop solar power generation capacity and decarbonise aluminium production
According to a report on Friday, March 11, four major players in the Middle East from the aluminium and energy sector announced a joint initiative that would unlock significant development of solar power generation capacity in Abu Dhabi, progress power asset and generation optimisation, and...
China’s A00 aluminium ingot price grows by RMB20/t to RMB21900/t, but aluminium alloy (A356) price shrinks by RMB50/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has slightly increased by RMB 20 per tonne to stand at RMB 21,900 per tonne on Monday, March 14. The average prices are expected to range between RMB 21,880 per tonne and RMB 21,920 per tonne, with spot contract to be...
NALCO’s aluminium ingot price is slashed by INR40,600/t to INR 305,850-309,350/t on March 11
National Aluminium Company Limited (NALCO) has slashed its aluminium ingot and aluminium products prices, with effect from Friday, March 11, in tandem with the lowering trend after March 9. NALCO has reduced its aluminium ingot price sharply by INR 40,600 per tonne or 11.72 per cent to INR...
Primary aluminium weekly recap: NALCO’s aluminium ingot price sees 12% growth in line with LME aluminium new high; Lord Barker steps down as En+ Group chairman
Sanctions on Russia for its invasion of Ukraine, resulting in supply disruptions and metal price rally, has been occupying the news headlines in the global aluminium industry for over a week now. This week, the LME aluminium benchmark price touched a new high US$3,984.50 per tonne on March 7 but...
LME aluminium benchmark price touched new high this week before closing at US$3,472/t; SHFE fell behind LME at US$3455/t
LME aluminium cash bid price and LME aluminium official settlement price opened the week on March 7 with a new high, driven by metal supply disruptions due to increased international sanctions of Russia. Both the prices augmented by US$133.5 per tonne or 3.46 per cent to peg at US$3,983.50 per...
Hydro puts a new electric boiler into operation at Alunorte alumina refinery
As part of the commitment to become carbon neutral by 2050, Hydro has reportedly brought in a change in the use of energy by inaugurating the operation of a new electric boiler, equipped with more modern technology and greater capacity, at its Alunorte alumina refinery. The boiler will be able to...
Hindalco’s aluminium ingot price dips by 1% to INR306,500/t with effect from March 11
After increasing aluminium ingot and aluminium products prices on March 10, Hindalco Industries Limited cuts them the next day. With effect from Friday, March 11, the company has reduced its aluminium ingot price by INR 2,750 per tonne or 0.90 per cent to INR 306,500 per tonne. On March 10, the...
US alumina imports record a quarterly rise of 22% to 411000 tonnes in 4Q2021, but imports in H2 reflect a 6.5% fall
The United States alumina imports in the fourth quarter of 2021 recorded a Q-o-Q rise of 22.32 per cent to 411,000 tonnes, unlike bauxite imports which fell during the said period by 11 per cent, found the USGS data. In Q3 2021, the United States imported 336,000 tonnes of alumina, which was,...
LME aluminium price grows slightly by US$3/t to US$3535/t; SHFE price outperforms LME standing at US$3455/t
Three-month LME aluminium opened at US$3,302 per tonne on Thursday, March 10, and hit a high and low of US$3,557.5 per tonne and US$3,302 per tonne, respectively, before closing at US$3,400 per tonne. A low level of inventory across the globe amid tight demand-supply situation due to geopolitical...
