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 grows by US$4.5/t to settle at US$2630.50/t; SHFE price further drops to US$2958/t
LME aluminium opened at US$2,622 per tonne on Thursday, December 9, and closed at US$2,627 per tonne, down US$8 per tonne or 0.3 per cent. LME aluminium cash (bid) price increased by US$5 per tonne to stand at US$2,630 per tonne, while LME aluminium official settlement price rose by US$4.50 per...
EU imposes definitive anti-dumping duties on China’s aluminium converter foil
The European Commission has reportedly levied definitive anti-dumping duties, ranging from 15.4% to 28.5%, on imports of aluminium converter foil originating in the People’s Republic of China. The objective is to protect domestic companies and workers in this sector. Aluminium converter foil, an...
China's primary aluminium inventories shrink for the third week in a row to 952,000 tonnes as of December 9
According to the Shanghai Metals Market, social inventories of primary aluminium in China have continued to shrink for the third week in a row ending December 9, 2021. Data shows the inventories have decreased by 50,000 tonnes across eight major consumption areas, including SHFE warrants, to stand...
Denso Corporation acknoweldges Hydro Precision Tubing for supplying low-carbon aluminium heat exchange components
Denso Corporation, a global automotive components manufacturer, has acknowledged its collaboration with Hydro Precision Tubing, Hydro’s aluminium extruded tubes and profiles manufacturing unit, by giving them the prestigious DENSO Award for Excellent Collaboration for Sustainability Initiatives in...
Century Aluminum Company appoints new Board Member
Century Aluminum Company, US-based primary aluminum producer, has reportedly announced the addition of a member to its Board of Directors. With the appointment of Jennifer Bush, the company’s total members in the Board have come to six. Bush is appointed as an independent director with an immediate...
Hindalco grows its aluminium ingot price by INR2250/t to INR231750/t with effect from December 8
Hindalco Industries Limited raised its aluminium ingot and aluminium products prices on Wednesday, December 8, following a cut on the previous day, December 7. The company’s aluminium ingot price saw a rise of INR 2,250 per tonne from INR 229,500 per tonne to INR 231,750 per tonne, as of December...
China’s average alumina spot price continues to decline to RMB3072/t; A00 aluminium ingot price sheds RMB90/t
The average alumina spot price in China has recorded a continued decline of RMB 55 per tonne to RMB 3,072 per tonne on Thursday, December 9, found the Shanghai Metals Market. In Shandong, the price has shrunk by RMB 75 per tonne to RMB 3,175 per tonne, while the price in Shanxi has dwindled by RMB...
Metallurgical-grade alumina production in China records a 0.83% hike to 6.1 million tonnes in November 2021 (30days)
According to the latest data revealed by the Shanghai Metals Market, alumina production in China in November (30 days) 2021 stood at 6.24 million tonnes, of which metallurgical-grade alumina was 6.1 million tonnes. On a month-on-month calculation, the production of metallurgical-grade alumina stood...
Canyon to release bankable feasibility study for Minim Martap bauxite project to improve production by above 20%
Canyon Resources reportedly plans to release the bankable feasibility study for its Minim Martap bauxite project in January 2022, including improving rail production capacity and developing a superior port handling facility. Fresh modelling from West African rail engineering consultant Vecturis has...
South Korea’s antitrust regulator decides to impose 20.7 billion won fines on 8 aluminium makers for price fixing
On Wednesday, December 8, South Korea’s antitrust regulator said a decision is taken to impose a combined 20.7 billion won ($17.6 million) in fines on eight aluminium alloy makers for plotting to fix bidding prices. Altechno Metal, specialised in producing aluminium ingot, rolling and drawing,...
China’s aluminium production in Nov’21 declines 3% Y-o-Y to 3.07 MT, with daily average output at 102,000 tonnes
In November (30 days) 2021, China’s aluminium production stood at 3.07 million tonnes, reflecting a year-on-year decrease of 3 per cent, found the Shanghai Metals Market. The daily average output came in at 102,000 tonnes, flat on the month. From January to November, China’s total aluminium...
LME aluminium price settles 1% higher at US$2625/t; SHFE price hikes by US$27/t to US$2968/t
LME aluminium opened at US$2,592 per tonne on Tuesday and closed at US$2,624.50 per tonne, an increase of US$30.50 per tonne or 1.18 per cent. LME aluminium cash (bid) price grew by US$25 per tonne on Tuesday, December 7, to stand at US$2,624.50 per tonne, while LME aluminium official settlement...
Novelis aims to complete ASI certifications for its North American aluminium can manufacturing facilities by mid-2022
Novelis Incorporation, the world leader in aluminum rolling and recycling, announced that it achieved a significant milestone on the way to achieving Aluminum Stewardship Initiative (ASI) certifications in every region where it operates. After achieving ASI certifications in Europe, Asia, and South...
NALCO’s aluminium ingot price sees a cut of INR5600/t or 2.4% since a hike two weeks ago
National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium products prices with effect from Tuesday, December 7, following a hike about two weeks ago. The Navratna CPSE has cut its aluminium ingot price by INR 5,600 per tonne or 2.4 per cent to INR 226,250-229,750 per...
NALCO, Hindalco & Vedanta’s shares rise on India’s anti-dumping duty announcement on aluminium flat rolled products from China
Shares of three notable aluminium makers recorded higher in trade, followed by the Central Government’s announcement of the imposition of anti-dumping duty on select aluminium products imported from China. National Aluminium Company’s share was traded higher by 5.77 per cent, Hindalco Industries...
Hindalco’s aluminium wire rod and billets prices cut by INR3000/t with effect from December 7
Hindalco Industries Limited has reduced its aluminium products and aluminium ingot prices for the second time in a row, with effect from Tuesday, December 7. Hindalco’s aluminium wire rod price has seen a cut of INR 3,000 per tonne from INR 243,600 per tonne on December 4 to INR 240,600 per tonne...
Primary aluminium production in Russia & Eastern Europe grows 3.5% M-on-M in October 2021
In October 2021, primary aluminium production in Russia & Eastern Europe stood at 352,000 tonnes, reflecting a month-on-month increase of 12,000 tonnes or 3.53 per cent, found the International Aluminium Institute (IAI). In September, primary aluminium output totalled at 340,000 tonnes, down by...
UK to press US to withdraw tariffs on aluminium and steel
According to a recent report, the United Kingdom Trade Secretary Anne-Marie Trevelyan will press the United States Commerce Secretary Gina Raimondo on Tuesday, December 7, to remove Trump-era tariffs on British aluminium and steel. “We’ve already made strong progress; from getting British beef and...
