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.
Aluminium market deficit to take the metal price to a 30-year high in 2022, predicts Eurasian Resources Group CEO
According to latest estimates, aluminium has strong potential in 2022 to outperform other non-ferrous metals on the London Metal Exchange, exceeding the important milestone of $3000/t at the start of the year. The news came after diversified mining major Eurasian Resources Group CEO Benedikt...
Vedanta Ltd earns 50% higher revenue of INR 33,697 crore in 3QFY22 on record aluminium production
On Friday, January 28, Vedanta Limited, a subsidiary of Vedanta Resources Limited, declared its unaudited Q3 and nine months results ended December 31, 2021. The company said it earned consolidated quarterly revenue of INR 33,697 crore, an increase of 12 per cent Q-o-Q from INR 30,048 crore and up...
LME aluminium benchmark price settles slightly higher at US$3110/t; SHFE is closed for CNY holiday
The LME aluminium benchmark price grew slightly on Friday, January 28, after incessant hikes from U$3,044.50 per tonne to US$3,107 per tonne during January 24-27. On Friday, January 28, LME aluminium cash (bid) price and LME aluminium official settlement price inched up by only US$2 per tonne and...
NALCO aluminium ingot price gains INR3900/t over the week ending January 29
National Aluminium Company Limited (NALCO) again increased its aluminium ingot and aluminium products prices after a week, with effect from Saturday, January 29. The company’s aluminium ingot price grew by INR 3,900 per tonne from INR 261,150- 264,650 per tonne on January 22 to INR 265,050-268,550...
Primary Aluminium Weekly Recap: South32 claims record breaking prices for South African aluminium; Aluminium consumption to grow by 10% for increased electric car demand
Some of the news that created a buzz in the global primary aluminium market this week included record aluminium pricing claimed by South32 for metal produced at its South African smelter Hillside. But the company struggled to clear a backlog of the metal due to port congestion in both South Africa...
LME aluminium price trended up this week to US$3110/t; SHFE price closed at US$3393/t
Both LME aluminium cash (bid) price and LME official settlement price trended up throughout the week, starting at US$3,044 per tonne and US$3,044.50 per tonne on Monday, January 24. On Tuesday, January 25, LME aluminium cash (bid) price and LME official settlement price rose 60 per cent to come in...
Alumina production in Africa & Asia (ex-China) stands 7% higher YoY at 3.37 MT during 4Q2021
In Africa & Asia (ex-China), alumina production in December 2021 stood at 1.166 million tonnes, reflecting an increase of 4.67 per cent month-on-month. In November, alumina output in Africa & Asia (ex-China) came in at 1.114 million tonnes, up by 2.20 per cent from 1.090 million tonnes. On a...
China’s aluminium output to fall 2.6% in January 2022 despite 530,000 tonnes of new capacity into operation: SMM
According to the Shanghai Metals Market estimates, China’s aluminium production in January 2022 will drop by 2.6 per cent year-on-year to come in at 3.19 million tonnes. The daily average output will be 103,000 tonnes, up 600 tonnes month-on-month. The proportion of aluminium liquid in smelter’s...
Ball Corporation reports 50% growth in net earnings to $878 million for 2021; sales record 2 billion hike
On Thursday, January 27, Ball Corporation announced its full-year 2021 net earnings attributable to the corporation of $878 million or $2.65 per diluted share. That was an increase of 50 per cent from $585 million net earnings or $1.76 per diluted share in 2020. Sales recorded in 2021 were $13.8...
LME aluminium benchmark price settles higher at US$3107/t; SHFE price moves up by US$18/t
LME aluminium opened at US$3,093 per tonne on Thursday and closed at US$3,100.50 per tonne, an increase of $0.50 per tonne or 0.02 per cent. On Thursday, January 27, LME aluminium cash (bid) price and LME aluminium official settlement price grew by US$13.50 per tonne and US$14 per tonne,...
Hindalco’s aluminium ingot price gains INR2000/t to stand at INR262750/t on January 26
Hindalco Industries Limited increased its aluminium ingot and aluminium products prices, with effect from January 26, soon after it reduced the prices on the past two days. Hindalco grew its aluminium ingot price by INR 2,000 per tonne, bringing it to INR 262,750 per tonne. On January 25,...
US sanction threat on Russian President puts Aughinish alumina refinery’s jobs at risk
Foreign Affairs Minister Simon Coveney has reportedly put an alert that the threat of sanctions on Russia’s President Vladimir Putin could take a toll on Rusal’s Aughinish Alumina refinery, Europe’s largest bauxite refinery, in County Limerick. Aughinish Alumina refinery employs nearly 900 people...
World alumina production stands 4% higher M-o-M to 11.629 MT in December’21; but output in Q4 drops 1.07% Q-o-Q
The world alumina production in December 2021 stood at 11.629 million tonnes, which reflected a month-on-month growth of 3.86 per cent, found the International Aluminium Institute. In November, the output came in at 11.197 million tonnes, down by 1.37 per cent from 11.353 million tonnes in October....
China’s A00 aluminium ingot price plunges by RMB150/t to RMB21440/t; Aluminium alloy (A356) price settles at RMB23000/t
A00 aluminium ingot price in China has plunged by RMB 150 per tonne on Thursday, January 27, following a hike of RMB 420 per tonne on January 26. According to the Shanghai Metals Market, the primary aluminium ingot price has come in at RMB 21,440 per tonne, with average prices likely to range...
Hindalco further cuts its aluminium billets and wire rod prices by INR2750/t with effect from January 25
Hindalco Industries Limited further reduced its aluminium products and aluminium ingot prices, with effect from Tuesday, January 25, in tandem with a downfall in LME aluminium price by US$35 per tonne on January 24. The company cut its aluminium billets price by INR 2,750 per tonne from INR 277,600...
Here goes a list of confirmed exhibitors & sponsors for AlCircle Expo 2022: What are you waiting for?
We can wait no more to meet and greet you at our third virtual event “ AlCircle Expo 2022 ”. Like every year, we are looking forward to reuniting with our old clients and making new contacts, while exploring new business opportunities and sharing each other’s success stories. The event will...
Primary aluminium production in North America declines 5% YoY, but output in South America grows 13% in 4Q2021
In North America, primary aluminium production in December 2021 stood at 322,000 tonnes, reflecting a month-on-month increase of 14,000 tonnes or 4.55 per cent, found the International Aluminium Institute. In November, aluminium output in North America came in at 308,000 tonnes, down by 10,000...
Hydro Extrusion Argentina - First aluminium extrusion plant to be certified according to ASI Performance Standard
According to a recent report, Hydro Extrusion Argentina S.A. in Pilar will be certified by Aluminium Stewardship Initiative against the Performance Standard Certification. The plant will be the first aluminium extrusion facility in the country to be certified against the ASI Performance Standard....
