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 inventories in China shrink by 23,000 tonnes on week to stand at 776,000 tonnes: SMM
According to the Shanghai Metals Market, social inventories of primary aluminium in China have decreased for the seventh week in a row by 23,000 tonnes across eight major consumption areas, including SHFE warrants. Thus, the inventories have come in at 776,000 tonnes as of Thursday, January 6. Last...
Premium for 1Q2022 Japanese aluminium shipments set at $177/t, lower than initial offerings
According to a recent report, the premium for aluminium shipments to Japanese buyers for January to March 2022 is agreed at $177 per tonne, down by 20 per cent from the previous quarter, in line with weaker domestic spot premiums and overseas prices. The news came after six sources directly...
LME aluminium price soars by US$50.50/t to close at US$2866/t; SHFE price settles 1.8% higher
LME aluminium opened at US$2,833 per tonne on Wednesday, January 5, and closed at US$2,912 per tonne, an increase of US$79.5 per tonne or 2.81 per cent. On the same day, both LME aluminium cash (bid) price and LME aluminium official settlement price soared by US$50.50 per tonne or 1.8 per cent,...
Vedanta Aluminium signs contract with GEAR India to install lithium-ion forklifts at Jharsuguda smelter
According to a recent report, Vedanta Aluminium Business has entered into an agreement with GEAR (Gemini Equipment and Rentals Private Limited) India to install one of the largest fleets of lithium-ion battery-powered electric forklifts. Vedanta is the first in Indian aluminium industry to...
Hindalco grows its aluminium products prices by INR1750/t on January 5 after two consecutive cuts
Hindalco Industries Limited has increased its aluminium products and aluminium ingot prices, with effect from Wednesday, January 5, 2022, following two consecutive cuts on December 30 and January 1. The company’s aluminium wire rod price has come in at INR 255,850 per tonne, up by INR 1,750 per...
Iran’s aluminium ingot output gains 23% to 400,481 tonnes during March-December 2021: IMIDRO
According to the data released by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), aluminium ingot production in Iran in the first nine months of the current calendar year (ended on December 31, 2021) rose 23 per cent year-on-year. From 325,223 tonnes a year...
China’s alumina capacity to ramp up in Q1 2022; Wenfeng refinery to put 2400 ktpa capacity into operation
According to official sources, three alumina refineries in China are set to commence or increase production in the first quarter of 2022. Wenfeng alumina refinery in Hebei province of northern China will reportedly come online with a capacity of 2,400 kilo tonnes per year. On the other hand, Bosai...
A00 aluminium ingot price in China rebounds by RMB200/t to RMB20300/t; Aluminium alloy (A356) price grows to RMB22250/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has recorded a jump of RMB 200 per tonne on Wednesday, January 4, following a plunge of RMB 250 per tonne on the previous day. Thus, the price is currently standing at RMB 20,300 per tonne, with average prices to range...
Egypt Aluminum (Egyptalum) brings no change to its aluminium supplying prices at EGP 52,000-64,000
Egypt Aluminum’s (Egyptalum) (EGAL) marketing head and spokesperson Ehab El Elwany has reported that the company has kept its supplying prices of aluminum to factories and retailers unchanged for January 2022. The price of local aluminium, excluding taxes, is between EGP 52,000 and EGP 64,000,...
NALCO reduces its aluminium ingot price by INR4200/t w.e.f. January 1 in line with LME aluminium price dip
National Aluminium Company Limited (NALCO) reduced its aluminium ingot and aluminium products prices, with effect from Saturday, January 1, 2022. The company cut its aluminium ingot price by INR 4,200 per tonne to 238350–241850 per tonne as of January 1. Last time, on December 24, NALCO had...
Alumina production in Europe (incl. Russia) records 3.9% downfall to 838,000 tonnes in November 2021: IAI
Alumina production in Europe (incl. Russia) stood at 838,000 tonnes in November 2021, which reflected a downfall by 34,000 tonnes or 3.90 per cent from 872,000 tonnes a month ago. In September, alumina output in Europe (incl. Russia) also amounted to 838,000 tonnes, meaning the output in October...
SHFE aluminium price declines by US$22/t after three days of hike; LME is closed for New Year’s Day
The London Metal Exchange was closed on January 3, 2022 for New Year’s Day. On the previous day, December 31, 2021, LME aluminium cash (bid) price and LME official settlement price closed at US$2,805.50 per tonne and US$2,806 per tonne, respectively, by losing US$23.50 per tonne or by 0.83 per...
China’s aluminium foil exports improve 2% M-o-M to 114,700 tonnes in November 2021 as demand in India rebounds
According to China customs data, China exported 114,700 tonnes of aluminium foil in November 2021, which reflected a month-on-month increase of 2 per cent and a year-on-year rise of 13 per cent. Jiangsu, Zhejiang, Shanghai, Henan, Shandong ranked top in November, exporting more than 10,000 tonnes...
US-based UFP Industries buys Ultra Aluminum Manufacturing for $25 million
The US-based company UFP Industries, Inc. announced last week that its subsidiary Deckorators Inc. acquired Ultra Aluminum Manufacturing, a manufacturer of aluminum fencing, gates, and railing, for $25 million. The transaction also includes $2 million, which is to be paid if certain future...
Hindalco Industries cuts its aluminium billets price by INR2500/t or 1% with effect from January 1
Hindalco Industries Limited cut its aluminium billets and aluminium wire rod prices, with effect from Saturday, January 1, 2022. That marked a cut for the second time in a row since December 30. Hindalco’s aluminium billets price came in at INR 257,100 per tonne, down by INR 2,500 per tonne or 1...
Primary Aluminium Weekly Recap: EGA repays $361 million debt ahead of time; Hydro to axe aluminium production at Slovalco
Some of the key highlights in the global primary aluminium industry this week include Emirates Global Aluminium pays off in full $361 million, which the Mubadala backed company has raised as project finance from 13 banks and export credit agencies, Alro remains in dismay and alert that around 1300...
Primary aluminium production in Russia & Eastern Europe drops by 3.7% M-o-M to 339,000 tonnes in November 2021
In November 2021, primary aluminium production in Russia & Eastern Europe stood at 339,000 tonnes, down by 13,000 tonnes or 3.69 per cent from 352,000 tonnes in October. In September, production in Russia & Eastern Europe totalled 340,000 tonnes, meaning the output in October climbed 3.52 per cent...
Japan’s aluminium imports record a M-o-M rise of 20% to 260,100 tonnes in October 2021
In October 2021, Japan imported 260,100 tonnes of aluminium, which reflected an increase of 43,600 tonnes or 20.1 per cent from a month ago. On a year-on-year calculation, the imports stood 90,600 tonnes or 53.5 per cent higher, as released by the Japan Aluminium Association data this week....
