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.
Primary Aluminium Weekly Recap: Russia-Ukraine conflict lifts LME aluminium price to new high; Rio Tinto & Tasmanian State Government to work towards sustainable economy
The global aluminium benchmark price rally to a record high this week has created a buzz across the industry. On Thursday, February 24, the LME aluminium price stood 13-year high at US$3,519 per tonne, attributable to Russia-Ukraine conflict that fuelled the worldwide supply concerns of the metal....
LME aluminium benchmark price rallies to 13-year high this week before closing at US$3355/t; SHFE price settles at US$3607/t
The LME aluminium benchmark price rallied to a 13-year high this week, driven by the Ukraine-Russia conflict fuelling reduced metal supply concerns. After starting the week on Monday, February 21, at US$3,313 per tonne and US$3,315 per tonne, LME aluminium cash bid price and LME aluminium official...
Africa’s primary aluminium production records a rise of 4.5% YoY to 139,000 tonnes in January 2022
In January 2022, primary aluminium production in Africa stood at 139,000 tonnes, gaining only 1,000 tonnes month-on-month, found the International Aluminium Institute. In December 2021, primary aluminium production in Africa grew by 7,000 tonnes or 5.34 per cent on month from 131,000 tonnes. In...
Hindalco’s aluminium wire rod and billets prices build up by INR18250/t w.e.f. February 25
Hindalco Industries Limited has hiked its aluminium products and aluminium ingot prices as the LME aluminium benchmark price has rallied yet again to a 13-year high. With effect from February 25, the company has raised its aluminium wire rod price by INR 18,250 per tonne to INR 312,850 per tonne....
Century Aluminum reports 13% higher net sales with increased shipments to 200,961t in 4Q2021; Shipments in full-year dip 3% to 783,647t
On Thursday, February 24, Century Aluminum announced its fourth quarter and full-year 2021 results, revealing the net income of $60.4 million for Q4 versus $52.4 million a quarter ago. That was a quarterly increase of 15.27 per cent on higher shipments from 196,095 tonnes to 200,961 tonnes. Net...
NALCO’s aluminium ingot selling price inflates by INR20,000/t on worldwide supply woes
National Aluminium Company Limited has continued to increase its aluminium ingot and aluminium products prices for the third time in a row since February 9. With effect from Friday, February 25, NALCO’s aluminium ingot price has witnessed a surge of INR 20,000 per tonne or 7 per cent for the first...
Vedanta Aluminium introduces India’s first low carbon green aluminium brand ‘Restora’
According to a report on February 24, Vedanta Aluminium Business has launched its low carbon, green aluminium brand named ‘Restora’, with two product lines – Restora (low carbon aluminium) and Restora Ultra (ultra-low carbon aluminium). This brand is not only Vedanta’s but India’s first low carbon...
LME aluminium price hits new high at US$3519/t driven by Ukraine-Russia conflict; SHFE price gains US$13/t to US$3607/t
LME aluminium opened at US$3,288 per tonne on Thursday and closed at US$3,365 per tonne, an increase of US$71 per tonne or 2.16 per cent. On Thursday, February 24, LME aluminium prices jumped to a record high since 2008, driven by reduced metal supplies concerns due to Ukraine-Russia conflict....
Primary aluminium inventories in China gain 60,000 tonnes W-o-W to total 1.1 million tonnes
According to the Shanghai Metals Market, social inventories of primary aluminium have totalled 1.1 million tonnes, gaining 60,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. The smelters and traders were highly willing to make shipments, but the downstream...
World primary aluminium production in January 2022 reflects 4.45% decline YoY to 5.513 million tonnes: IAI
According to the International Aluminium Institute data, world primary aluminium production in January 2022 stood at 5.513 million tonnes, 0.36 per cent less than 5.533 million tonnes a month ago. However, the output in December was 2.10 per cent higher month-on-month from 5.419 million tonnes. On...
Hindalco’s aluminium ingot price shrinks by 3% to INR283500/t with effect from February 24
Hindalco Industries Limited has slashed its aluminium ingot and aluminium products prices, with effect from Thursday, February 24, following a significant increase on February 23. As per the pricing published by Hindalco, the company’s aluminium ingot price has come in at INR 283,500 per tonne,...
ASI certifies Novelis subsidiary Yeongju plant against Chain of Custody Standard certification
According to a recent report, Novelis Korea Limited, subsidiary plant of Novelis in Yeongju, has secured the ASI Chain of Custody Standard certification for manufacturing aluminum and aluminum coil and sheet, which includes the processes of recycling and remelting. The plant, which has an annual...
Alumina spot price in China plunges by RMB42/t to score at RMB3236/t, but A00 aluminium ingot price remains restrained
The average alumina spot price in China has plunged by RMB 42 per tonne to score at RMB 3,236 per tonne on Thursday, February 24, found the Shanghai Metals Market. In Shandong, alumina price has nosedived by RMB 90 per tonne to come in at RMB 3,205 per tonne, while the price in Shanxi and Henan has...
Hindalco’s aluminium billets price experiences an increase of INR2500/t with effect from February 17
Hindalco Industries Limited increased its aluminium products and aluminium ingot prices on Thursday, February 17, following a cut on the previous day. The company raised its aluminium billets price by INR 2,500 per tonne to bring it to INR 295,850 per tonne versus INR 293,350 per tonne on February...
ALVANCE’s Lochaber aluminium smelter receives ASI Performance Standard certification with Provisional status
ALVANCE British Aluminium, a global integrated aluminium business and the international aluminium division of the GFG Alliance, has reportedly received ASI Performance Standard certification with Provisional status for its smelting and casting operation at Lochaber, Scotland. The news came after...
China’s aluminium production during January 2022 falls 3.6% M-o-M to 3.204 million tonnes
According to the Shanghai Metals Market, China’s aluminium production in January (31 days) 2022 stood at 3.204 million tonnes, 3.6 per cent more month-on-month. The daily average output came in at 103,000 tonnes, up 1,000 tonnes per day from the previous month. In January, the proportion of...
AMAG reports new high in its earnings for FY2021 backed on aluminium shipments above pre-crisis level
On Thursday, February 17, AMAG Austria Metall AG announced its FY2021 financial results, reporting record earnings and growth in revenue due to stable production, high productivity, and attractive market environment in the primary aluminium sector. Revenue in the entire year stood at EUR 1,259.4...
A00 aluminium ingot price in China grows by RMB60/t to close the week at RMB22720/t; Aluminium alloy (A356) price gains RMB50/t
According to the Shanghai Metals Market, A00 aluminium ingot price has continued to grow by RMB 60 per tonne to close the week ending February 18 at RMB 22,720 per tonne. The average prices are expected to range between RMB 22,700 per tonne and RMB 22,740 per tonne, with spot contract to be traded...
