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 ingot price mounts to INR320750/t with effect from March 4
Hindalco Industries Limited yet again increased its aluminium ingot and aluminium products prices significantly, with effect from Friday, March 4, in line with the LME aluminium price hike to an all-time high on rising fear of supply disruptions. Hindalco’s aluminium ingot price experienced a surge...
Alumina production in Europe (incl. Russia) records a dip of 3,000 tonnes M-o-M in January 22
In January 2022, alumina production in Europe (incl. Russia) recorded a downfall of 3,000 tonnes or 0.34 per cent month-on-month to stand at 885,000 tonnes, found the International Aluminium Institute. In December 2021, alumina output in Europe amounted to 888,000 tonnes, up by 50,000 tonnes from...
Hindalco’s aluminium foil manufacturing plant in Mouda bags ASI Performance Standard certification
Aluminium Stewardship Initiative has certified Hindalco’s Mouda aluminium plant near Nagpur, Maharashtra, against the Performance Standard for sustainable and responsible casting and rolling operations and sourcing and stewardship of aluminium. Hindalco’s Mouda aluminium plant manufactures...
China’s alumina price declines for the eighth day in a row to RMB2981/t; A00 aluminium ingot price shrinks by RMB100/t on inventory rise
According to the Shanghai Metals Market, the average alumina spot price in China has continued to decline by RMB 39 per tonne to stand at RMB 2,981 per tonne on Friday, March 4. This marks the eighth consecutive day of fall since February 22. In Henan, alumina spot price has slipped by RMB 45 per...
China’s primary aluminium inventories build up by 21000 tonnes W-o-W to total 1.12 million tonnes
According to the Shanghai Metals Market, social inventories of primary aluminium have continued to grow week-on-week to total 1.12 million tonnes. This week, as of March 3, the inventories have grown by 21,000 tonnes from 1.1 million tonnes on last Thursday across eight major consumption areas,...
NALCO’s aluminium ingot price continues to grow to range between INR309,250-312,750/t w.e.f. March 1
National Aluminium Company Limited (NALCO) has hiked its aluminium ingot and aluminium products prices for the fourth time in a row, with effect from March 1, 2022, in line with the LME aluminium price surge as an effect of several international sanctions on major producer Rusal. NALCO has...
United States’ primary aluminium production in 2021 shrinks 12% to 889,000 tonnes; but output in December records 5% growth
Domestic primary aluminium production in the United States in December 2021 stood at 79,000 tonnes, an increase of 4,000 tonnes or 5.33 per cent month-on-month, showed the US Census Bureau’s recently reported data. In November 2021, the United States’ primary aluminium output was 75,000 tonnes,...
Hindalco Industries Ltd. expands its aluminium billets & wire rod prices by INR13750/t with effect from March 3
Hindalco Industries Limited’s aluminium products and aluminium ingot prices have witnessed a surge yet again in line with the LME aluminium benchmark price rally as investors’ fear has heightened concerning tight metal shipments and logistic costs due to several sanctions on major producer Russia....
LME aluminium price spurts to a fresh high at $3605/t on fear of logistical challenges; SHFE price mounts to $3740/t
Three-month LME aluminium opened at US$3,487 per tonne on Wednesday, March 2, and closed at US$3,576 per tonne, an increase of US$90 per tonne or 2.58 per cent. Much to the anticipation of market analysts, including Alcoa’s chief financial officer Willian Oplinger, LME aluminium prices jumped to a...
Alumina production in Africa & Asia (ex-China) edges a fall of 1.46% M-o-M to 1.149 MT during January 2022
In January 2022, alumina production in Africa & Asia (ex-China) stood at 1.149 million tonnes, reflecting a month-on-month downfall of 1.46 per cent, found the International Aluminium Institute. In December 2021, the output was at 1.166 million tonnes in Africa & Asia (ex-China), up by 4.68 per...
Irish Government to help Aughinish Alumina to enable it to continue operations amid sanctions on Russia
Simon Coveney, Minister for Foreign Affairs in Ireland, has reportedly said that he is willing to work with management of the Aughinish Alumina refinery in Askeaton to mitigate the impact of sanctions on Russia for its invasion of Ukraine. Mr Coveney has asked the European Commission to consider a...
Alcoa predicts international sanctions on Russia to inflate aluminium prices and squeeze alumina supply
According to Platts report, Alcoa’s chief financial officer Willian Oplinger shared his forecast that aluminum prices would continue to inflate while alumina supply to become tighter as a result of international sanctions imposed on Russia due to its military invasion of Ukraine. “It’s a very fluid...
China’s A00 aluminium ingot price sees a surge of RMB300/t as sanctions on Russia fuel supply concerns
As the fear of metal supply disruptions has heightened across the world due to sanctions on Russia, A00 aluminium ingot price in China has increased by RMB 300 per tonne to stand at RMB 22,850 per tonne on Wednesday, March 2, found the Shanghai Metals Market. China’s domestic aluminium market has...
World alumina production in January 2022 dips by only 0.46% YoY to 11.569 million tonnes, shows IAI
In January 2022, world alumina production totalled 11.569 million tonnes, down by only 0.13 per cent from 11.584 million tonnes in December 2021 and 0.46 per cent less than 11.622 million tonnes in January 2021, found the International Aluminium Institute data. In the full-year 2021, world alumina...
Hindalco’s aluminium ingot price rallies to INR297000/t in line with new global price high driven by sanctions on Russia
Hindalco Industries Limited has hiked its aluminium ingot and aluminium products prices, with effect from Tuesday, March 1, in response to LME aluminium benchmark price surge to a new high owing to more sanctions imposed on major producer Russia over the weekend, heightening supply disruptions....
Rusal suspends alumina shipments from its Nikolaev refinery in Ukraine; Fear of supply disruptions heightens
On Monday, February 28, Russian aluminium producer Rusal, the world’s top metal producer ex-China, suspended alumina shipments from its Nikolaev refinery in Ukraine, resulting in increased supply disruptions across the alumina and aluminium market, reported consultancy firm Wood Mackenzie. Ami...
Sanctions on Russia lift LME aluminium price to another record high at $3450/t; SHFE price slips by $8/t
Three-month LME aluminium opened at US$3,407 per tonne on Monday, February 28, and closed at US$3,395 per tonne, an increase of US$15 per tonne or 0.44 per cent. LME aluminium benchmark prices grew another record high after Western nations unveiled more sanctions on major producer Russia in...
Press Metal reports record annual net profit of RM1.03 billion for FY21; Earnings in Q4 double to RM285.82 million
Press Metal Aluminium Holdings Bhd, a Malaysia-based extrusion producing company, announced last week its record annual net profit of RM1.03 billion for the financial year ended December 31, 2021, following its fourth quarter’s earnings nearly doubled to RM285.82 million from RM145.25 million. The...
