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.
China’s aluminium billet inventories build-up 17,600 tonnes to close the week at 267,500 tonnes
According to the Shanghai Metals Market, aluminium billet inventories gained 17,600 tonnes or 7.04 per cent from Monday to close the week ended Thursday, February 10, at 267,500 tonnes. The inventories increased across each of the five regions in China as the overall demand for aluminium billets...
Hindalco further expands its aluminium ingot price by INR4600/t in response to uninterrupted LME aluminium price hike
Hindalco Industries Limited has further expanded its aluminium ingot and aluminium products prices, in line with a continuous increase in the global aluminium benchmark price. With effect from Friday, February 11, Hindalco’s aluminium ingot price has come in at INR 283,750 per tonne, up by INR...
China’s aluminium foil exports reach a new high of 1.34 million tonnes in 2021
According to China customs data, the country’s aluminium foil exports from January to December 2021 reach a record high of 1.34 million tonnes, up by 7.73 per cent year-on-year. The previous high was 1.30 million tonnes in 2019. The annual export value of aluminium foil also reached a new high of...
Alba combats COVID crisis with strongest financial performance in its 5 decades: Profit soars to BD451.9M with sales’ volume 1,550,857t
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter outside China, has reportedly launched its four-quarter and full-year 2021 financial results, whereby it has declared a profit of BD181.2 million (US$481.9 million) for 4Q2021. That was an increase of 466 per cent from a profit...
Primary aluminium inventories in China surge by 84,000 tonnes to total at 950,000 tonnes on Feb.10
According to the Shanghai Metals Market, social inventories of primary aluminium have surged by 84,000 tonnes over the past three days across eight major consumption areas in China, including SHFE warrants, to come in at 950,000 tonnes as of Thursday, February 10. On Monday, February 7, the...
Hydro decides to invest NOK 47 million in upgrading a casthoouse at Årdal aluminium plant
According to a recent report, Hydro, a Norwegian aluminium producer, has decided to invest around NOK 47 million in the casthouse at its Årdal aluminium plant to improve safety, lower energy consumption and carbon emissions, and accelerate production. The investment is for installing a new...
Rusal announces 5% decrease in bauxite production to 3.602 MT during 4Q2021, but alumina output grows 3.5% to 2.138 MT
Rusal, a leading global Russian aluminium producer, announced its operating results for the fourth quarter of 2021 and for the 12 months ending December 31, 2021, revealing bauxite production in Q4 at 3.602 million tonnes, a decrease of 5 per cent from 3.792 million tonnes in Q3 2021. The decrease...
LME aluminium benchmark price inches up by US$3/t to US$3248/t; SHFE price soars by US$69/t
The LME aluminium benchmark price rose slightly on Wednesday, February 9, following four consecutive days of hike from US$3,043 per tonne to US$3,245 per tonne. On Wednesday, February 9, LME aluminium cash (bid) price inched up by US$2 per tonne, while LME aluminium official settlement price gained...
NALCO’s aluminium ingot price sees a surge of INR14500/t on February 9 in response to LME aluminium new price high since 2008
National Aluminium Company Limited (NALCO) has hiked its aluminium ingot and aluminium products prices on Wednesday, February 9, in response to the LME aluminium new price high since 2008. NALCO has increased its aluminium ingot price by INR 14,500 per tonne to INR 275050- 278550 per tonne on...
EGA plans to build aluminium recycling facility with 150,000 tonnes per year capacity
Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, announced its plan to build an aluminium recycling facility with 150,000 tonnes per year of capacity, the company’s first and the largest in the UAE. EGA has already started conducting...
Hindalco’s aluminium wire rod & billet prices surge by INR12500/t or 4.5% in line with LME aluminium price hike to a four-month high
Hindalco Industries Limited has dramatically increased its aluminium products and aluminium ingot prices in line with the LME aluminium price growth to a four-month high. With effect from Wednesday, February 9, Hindalco’s aluminium wire rod price has hiked by INR 12,500 per tonne or 4.53 per cent...
New COVID-19 cases in Baise, Guangxi aggravate aluminium supply disruptions
On Tuesday, February 7, Baise, the leading aluminium-producing Chinese city, reported a surge in local COVID-19 cases for the third straight day and ensuing lockdown, which aggravated worries about supply disruption of the metal. The city of Guangxi, with 3.6 million populations, recorded 64 new...
Alumina production capacity in Shanxi, Shandong and Henan is reduced to 15.02 mtpa; supply woes to last longer
According to the Shanghai Metals Market report, alumina production capacity in Shanxi, Shandong, and Henan has come in at 15.02 million tonnes per year for the moment after being undergone output cuts or suspensions due to environmental protection policies. Most refineries in Jinzhong and Lvliang...
Novelis 3QFY22 Results: Net income grows 49% Y-o-Y on improved flat rolled products sales of $4.3 billion
On Monday, February 7, Novelis Inc., the world leader in aluminium rolling and recycling, announced its 3QFY2022 financial and operational results ended December 31, 2021, whereby it revealed the net income attributable to common shareholder at $262 million. That was year-on-year increase of 48.86...
LME aluminium benchmark price soars 2% to settle at US$3148/t; SHFE price exceeds US$3500/t level
Three-month LME aluminium opened at US$3,090 per tonne and rose 1.52 per cent to close at US$3,134 per tonne on Monday, January 7. On the same day, LME aluminium cash (bid) price and LME aluminium official settlement price soared up by US$61 per tonne or 1.98 per cent to settle at US$3,147.50 per...
US aluminium scrap exports to South Korea continue to rise M-o-M to 32,600 tonnes in November 2021
In November 2021, the United States exported 32,600 tonnes of aluminium scrap to the Republic of Korea, which was an increase of 4,200 tonnes or 14.79 per cent month-on-month, found the US Census Bureau data. In October 2021, the United States’ aluminium scrap exports to South Korea were 28,400...
Alumina production in Europe (incl. Russia) sees a rise of 1.75% to 5.245 MT in H2 2021 ended December 31
In December 2021, alumina production in Europe (incl. Russia) stood at 888,000 tonnes, up by 50,000 tonnes or 5.63 per cent month-on-month, found the International Aluminium Institute. In November, the output came in at 838,000 tonnes, 3.9 per cent less than 872,000 tonnes in October. On a...
Hindalco’s aluminium wire rod & billets prices grow by INR2000/t w.e.f. Feb. 5 in response to LME price increase
Hindalco Industries Limited increased its aluminium products and aluminium ingot prices on Saturday, February 5, in response to the LME aluminium price growth. With effect from February 5, Hindalco’s aluminium wire rod price witnessed a rise of INR 2,000 per tonne or 0.73 per cent from INR 273,850...
