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.
LME aluminium price continues to decline over the weekend to US$3044.5/t; SHFE price gains US$13/t
LME aluminium opened at US$3,030 per tonne on Monday and closed at US$3,038 per tonne, an increase of US$15.5 per tonne or 0.51 per cent. Both LME aluminium cash (bid) price and LME aluminium official settlement price continued to decline over the weekend ending January 24 by US$35 per tonne or...
Africa’s primary aluminium production in Q4 2021 grows 2% YoY to 407,000 tonnes; Output in December hikes 6%
In December 2021, primary aluminium production in Africa stood at 139,000 tonnes, flaunting an increase of 8,000 tonnes or 6.11 per cent month-on-month. In November, Africa’s primary aluminium output came in at 131,000 tonnes, down by 6,000 tonnes from 137,000 tonnes in October 2021. On a...
Hindalco cuts its aluminium wire rod and billets prices by INR1750/t after four hikes in a row
Hindalco Industries Limited cut its aluminium products and aluminium ingot prices, with effect from Saturday, January 22, following four consecutive hikes since January 15, 2022. The company reduced its aluminium wire rod price by INR 1,750 per tonne to INR 274,600 per tonne, compared to INR...
NALCO’s aluminium ingot price continues to rise by INR6300/t or 2.4% with effect from January 22
National Aluminium Company Limited (NALCO) increased its aluminium ingot and aluminium products prices for the fourth time in a row on Saturday, January 22. The company raised its aluminium ingot price by INR 6,300 per tonne or 2.4 per cent from INR 254,850-258,350 per tonne on January 19 to INR...
Average alumina spot price in China grows over the weekend to RMB3115/t; A00 aluminium ingot price plunges by RMB230/t
The average alumina spot price in China has grown by RMB 10 per tonne over the weekend ending January 24 to come in at RMB 3,115 per tonne, found the Shanghai Metals Market. In Guizhou, alumina price has jumped by RMB 25 per tonne to stand at RMB 3,000 per tonne, followed by the increase of RMB 15...
Hydro Energi inks 6-year contract with Hafslund Eco Vannkraft AS for 1300 GWh power supply to aluminium production
According to a recent report, Hydro Energi AS, part of the Electric Power Generation, Transmission and Distribution Industry, has entered into a new long-term power purchase agreement (PPA) with Hafslund Eco Vannkraft AS for a supply of 1300 GWh during 2023-29. The PPA will be part of Hydro...
Primary Aluminium Weekly Recap: WorkSafeBC slams Rio Tinto with $678,889 penalty for air contaminant violation; US, Britain initiate dialogue to resolve aluminium tariff disputes
The news that created a buzz this week was the penalty of $678,889 on Rio Tinto for violation of air contaminants at Kitimat aluminium smelter. The Workers' Compensation Board of British Columbia, operating as WorkSafeBC, imposed the fine following building inspection used for cleaning and...
LME aluminium benchmark price closes 2.34% higher this week at US$3079.5/t; SHFE price hikes to US$3374/t
LME aluminium cash (bid) price and LME official settlement price opened the week on Monday, January 17, with a hike of US$31 per tonne and US$31.50 per tonne, respectively. That brought the prices to US$3008 per tonne and US$3,009 per tonne. However, on Tuesday, January 18, both LME aluminium cash...
Hindalco Industries further increases its aluminium ingot price by 2% to INR265250/t with effect from January 21
Hindalco Industries Limited has further increased its aluminium ingot and aluminium products prices by INR 5,250 per tonne or 2 per cent, with effect from Friday, January 21. The hike for the fourth time in a row has brought the company’s aluminium ingot price to INR 265,250 per tonne from INR...
Gränges achieves second ASI certification for its casting and rolling facility in Shanghai
The Aluminium Stewardship Initiative has certified Gränges’ casting and rolling facility in Shanghai, China, against its Chain of Custody Standard Certification. This makes the world-renowned aluminium technology company achieve the second ASI certification. In July 2019, Gränges facility, which...
US, Britain initiate dialogue to resolve aluminium & steel tariff disputes
The United States (US) and Britain initiated dialogue on Wednesday, January 19, aimed at resolving the dispute over tariffs that were imposed by the Trump administration on imported aluminium and steel. As per the report, top trade officials from Washington and London said they are committed to...
LME aluminium benchmark price soars by over US$70/t to settle at US$3109.5/t; SHFE price grows by US$6/t
LME aluminium opened at US$3,047 per tonne on Thursday and closed at US$3,115 per tonne, an increase of US$62 per tonne or 2.03 per cent. On Thursday, January 20, LME aluminium cash (bid) price and LME aluminium official settlement price soared by US$74 per tonne and US$73.50 per tonne,...
World primary aluminium production in 4Q2021 drops 0.50% Y-o-Y, but output in entire year hikes 3.1% to 67.343 MT
With the end of the year 2021, the International Aluminium Institute data shows the world primary aluminium production in December stood at 5.622 million tonnes. That was an increase of 3.61 per cent month-on-month from 5.426 million tonnes. In October, the world primary aluminium production was at...
Primary aluminium inventories inch up by 2,000 tonnes to 726,000 tonnes on January 20
According to the Shanghai Metals Market, social inventories of primary aluminium in China have gained 2,000 tonnes this week ending January 20, 2022, across eight major consumption areas, including SHFE warrants. Therefore, the inventories have come in at 726,000 tonnes, compared to 724,000 tonnes...
Hindalco’s aluminium wire rod & billets prices see a hike for the third consecutive time by INR3000/t on January 20
Hindalco Industries Limited has continued to increase its aluminium ingot and aluminium products prices for the third time in a row, with effect from Thursday, January 20. Hindalco has raised its aluminium wire rod price by INR 3,000 per tonne from INR 268,100 per tonne on January 18 to INR 271,100...
China’s average alumina spot price hikes by RMB53/t to settle at RMB3060/t; A00 aluminium ingot price plunges by RMB270/t
The average alumina spot price in China has hiked for the ninth day in a row by RMB 53 per tonne to stand at RMB 3,060 per tonne, found the Shanghai Metals Market. In Henan and Guizhou, alumina spot price has surged by RMB 60 per tonne to close at RMB 3,085 per tonne and RMB 2,950 per tonne, while...
Rusal bags ASI certifications for four more production sites
Rusal, the Russian aluminium giant, has reportedly announced the achievement of Aluminium Stewardship Initiative certification for its four additional production sites. The four sites include Rusal’s Kandalaksha aluminium smelter, two aluminium foil plants Sayanal and Armenal (Armenia), and...
NALCO’s aluminium ingot price increases for the third consecutive time to stand at INR254850-258350/t on January 19
National Aluminium Company Limited (NALCO) has hiked its aluminium ingot and aluminium products prices for the third time in a row, with effect from Wednesday, January 19. The company has raised its aluminium ingot price by INR 5,300 per tonne to the range INR 254,850-258,350 per tonne. On Friday,...
