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.
Hindalco Industries reduces its aluminium ingot price by INR1500/t with effect from December 4
Hindalco Industries Limited again reduced its aluminium ingot and aluminium products prices, with effect from Saturday, December 4, following an intermittent rise on December 2. The company cut its aluminium ingot price by INR 1,500 per tonne on December 2, bringing the price to INR 232,500 per...
Average alumina spot price in China further slumps by RMB55/t, but A00 aluminium ingot price grows to RMB18780/t
The average alumina spot price in China has continued to fall on December 6, 2021, by RMB 55 per tonne to RMB 3,248 per tonne, found the Shanghai Metals Market. This marks the eighth consecutive working day of decline. In Shandong and Shanxi, alumina spot price has slumped by RMB 75 per tonne and...
Primary aluminium weekly Recap: New coronavirus variant Omicron starts hitting LME aluminium prices, Japanese aluminium shipments premium for 1Q2022 finalised at US$195/t
New coronavirus variant Omicron seems to have started creating an impact on the global aluminium prices already, and this has been the highlight of the week. As reported on Thursday, December 2, the LME aluminium price recorded a fall of 0.9 per cent to US$2,640.50 per tonne at 0704 GMT before...
BALCO receives two CII Energy Conservation Awards 2021 for best energy management at its power plants
Bharat Aluminium Company Limited, India's leading aluminium producer, has recently bagged two CII Energy Conservation (ENCON) Awards 2021 for best energy management at its Power Plants. BALCO’s 1200MW Power Plant has become State Winner – Chattisgarh with a 4.75 Star rated certificate, and its...
New coronavirus variant Omicron starts hitting LME aluminium prices, suspects industry analysers
Agonies hovering around the possible economic impact due to the onset of new coronavirus variant Omicron have reportedly begun hitting the benchmark aluminium price on the London Metal Exchange. On Thursday, December 2, the LME aluminium price recorded a fall of 0.9 per cent to US$2,640.50 per...
Hindalco’s aluminium ingot price sees a rise of INR2250/t on December 2 in line with LME aluminium price hike
Hindalco Industries Limited grew its aluminium ingot and aluminium products prices on December 2, a day after it reduced the prices by INR 1,250 per tonne. With effect from December 2, the company’s aluminium ingot price saw an increase of INR 2,250 per tonne to INR 234,000 per tonne, backed on the...
Alumina spot price in China registers a week-long decline to RMB3303/t; A00 aluminium ingot price shrinks by RMB210/t
The average alumina spot price in China has recorded a week-long decline from November 25 to December 3. According to the Shanghai Metals Market, the price ends this week on Friday, December 3, at RMB 3,303 per tonne, losing RMB 48 per tonne from the previous day. Compared to a week ago, China’s...
China’s aluminium foil exports record 7% Y-o-Y and 3% M-o-M growth to 112,200 tonnes in October 2021
According to China Customs data, China’s aluminium foil exports in October 2021 edged 2.95 per cent higher month-on-month to stand at 112,200 tonnes. On a year-on-year calculation, the exports stood up by 7.38 per cent, showed customs data. China’s aluminium foil exports to India accounted for 10...
Primary aluminium inventories in China decline by 15,000 tonnes over the week to 1 million tonnes on December 2
China’s social inventories of primary aluminium have continued to decrease for the second week in a row ending December 2, 2021, by 15,000 tonnes, found the Shanghai Metals Market. SMM data shows the inventories have declined across eight major consumption areas, including SHFE warrants, to come in...
Hindalco Industries Limited cuts its aluminium wire rod and billets prices by INR1250/t
Hindalco Industries Limited decreased its aluminium products and aluminium ingot prices, with effect from Wednesday, December 1, following a hike on the previous day. The company reduced its aluminium wire rod price by INR 1,250 per tonne from INR 244,100 per tonne on November 30 to INR 242,850 per...
Alumina spot price in China declines for the sixth day in a row to RMB3351/t, but A00 aluminium ingot price inches up by RMB10/t
The decline in average alumina spot price in China has been continuing since a week starting from November 25, 2021. According to the Shanghai Metals Market data, the price has decreased by RMB 43 per tonne on Thursday, December 2, to stand at RMB 3,351 per tonne. In Guangxi and Guizhou, alumina...
Alumina production in Europe (incl. Russia) climbs 4% M-o-M to 872,000 tonnes in October 2021
According to the International Aluminium Institute, alumina production in Europe (including Russia) stood at 872,000 tonnes in October 2021. That was an increase of 34,000 tonnes or 4.06 per cent from 838,000 tonnes in September. However, the production in September had recorded a fall of 8.32 per...
Primary aluminium production in North America grows 4.6% M-o-M in October’21; Output in South America flaunts 6% rise
Primary aluminium production in North America in October 2021 stood at 318,000 tonnes, flaunting an increase of 14,000 tonnes or 4.61 per cent month-on-month, found the International Aluminium Institute (IAI). In September, primary aluminium production came in at 304,000 tonnes, down by 11,000...
India’s aluminium scrap imports from US grow for the third straight month to 46,100 tonnes; Imports in Q3 climb 42.6% from Q2
India’s aluminium scrap imports from the United States continued to increase for the third month in a row, albeit lower than the previous month, in September 2021. According to the US Census Bureau data, India’s aluminium scrap imports from the US edged 1.77 per cent or 800 tonnes lower...
Raffmetal and Cromodora Wheels sign contract to produce primary aluminium alloys wheels from recycling
Raffmetal and Cromodora Wheels, European aluminium alloys producer from recycling and first equipment aluminium wheels producer for major car makers, have signed a contract to develop, test, and patent an innovative high-performance primary alloys wheels from recycling. By maximising recycled...
LME aluminium price declines by US$15/t to close at US$2635/t; SHFE price inches up by only US$2/t
LME aluminium opened at US$2,647 per tonne on Tuesday morning and closed at US$2,625 per tonne, down US$25 per tonne or 0.94 per cent. On the supply side, the current aluminium output finds it hard to increase. LME aluminium cash (bid) price decreased by US$14.50 per tonne on Tuesday, November 30,...
Alumina production in Africa & Asia (ex-China) sees a 1% drop M-o-M to 1.09 MT in Oct’21
In October 2021, alumina production in Africa & Asia (ex-China) stood at 1.09 million tonnes, reflecting a decrease of 1 per cent month-on-month, found the International Aluminium Institute (IAI). In September, alumina output in Africa & Asia (ex-China) was 1.100 million tonnes, down by 2.22 per...
Relief for NALCO and Hindalco investors as aluminium demand to outpace supply through H2 FY2022
Aluminium has been seeing a volatile trend in the global metals market for the past two months. In mid-October, the LME aluminium prices hit multi-year highs at US$3198/t but then recorded a steep downfall to US$2550/t in early November before stabilizing at around US$2700/t. Going ahead,...
