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 ends the week higher at US$2676/t; SHFE price surges by US$71/t to exceed US$3000/t
LME aluminium cash (bid) price and LME official settlement price opened this week on Monday, November 8, at US$2,530 per tonne and US$2,530.50 per tonne, respectively, growing by US$40 per tonne or 1.61 per cent from the previous day. On Tuesday, November 9, they grew further to settle at US$2,581...
Hindalco hikes its aluminium billets and wire rod prices by INR8250/t or 3.5% with effect from November 12
Hindalco Industries Limited has increased its aluminium products and aluminium ingot prices on Friday, November 12, following a cut on the previous day. The company’s aluminium billets price has come in at INR 241,100 per tonne on November 12, up by INR 8,250 per tonne or 3.54 per cent from the...
Power curbs in China reduce 7% domestic annual aluminium capacity, shows Mackenzie
Restrictions on power usage in China have resulted in a 7 per cent domestic annual aluminium production capacity cut so far this year. This news has come after Wood Mackenzie consultancy revealed the outcome of its comprehensive studies on the impact of China’s energy crunch on the domestic metals...
CMI members target to achieve 70% aluminium cans recycling rate by 2030
Can Manufacturers Institute’s (CMI) beverage can manufacturers and aluminum can sheet producer members are targeting to achieve the United States ambitious recycling rates including a 70 per cent recycling rate by 2030. The objective is to improve the circularity of aluminum beverage can, while...
A00 aluminium ingot price in China soars by RMB630/t to exceed RMB19000/t; Aluminium alloy (A356) price climbs by RMB600/t
A00 aluminium ingot price in China has soared by RMB 630 per tonne on November 12, marking the second consecutive day of hike. According to the Shanghai Metals Market, the price is standing at RMB 19,430 per tonne, with average prices likely to range between RMB 19,410 per tonne and RMB 19,450 per...
LME aluminium price surges by US$91.5/t to close at US$2645.5/t; SHFE price exceeds US$3000/t
Three-month LME aluminium opened at US$2,575 per tonne on November 11 and closed at US$2,657 per tonne, an increase of US$79 per tonne or 3.06 per cent. On Thursday, November 11, LME aluminium cash (bid) price and LME official settlement price surged by US$92 per tonne and US$91.50 per tonne,...
NALCO grows its aluminium ingot price by INR3700/t w.e.f. November 11 after three consecutive cuts
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium products prices with effect from November 11, following three consecutive cuts since October 25. The latest hike has brought the company’s aluminium ingot price to INR 219,850-223,350 per tonne versus INR...
Aluminium billet inventories in China decrease for the fourth week in a row to 112,200 tonnes: SMM
Aluminium billet inventories in China have decreased for the fourth straight week by 26,100 tonnes or 18.87 per cent across five major consumption areas, found the Shanghai Metals Market. As a result, the inventories have come in at 112,200 tonnes as of Thursday, November 11, primarily contributed...
China’s social inventories of primary aluminium loss 6000 tonnes this week to settle at 1.007 million tonnes
According to the Shanghai Metals Market, China’s social inventories of primary aluminium have dropped this week after more than two months of incessant hikes. Data shows the inventories have dipped by 6,000 tonnes across eight major consumption areas, including SHFE warrants, to come in at 1.007...
Hindalco Industries’ aluminium wire rod price sees a rise of INR3500/t with effect from November 10, 2021
After a sharp cut on November 9, Hindalco Industries Limited increased its aluminium products prices by INR 3,500 per tonne, with effect from November 10. Thus, the company is now selling its aluminium wire rod price at INR 234,850 per tonne versus INR 231,350 per tonne on November 9. Hindalco’s...
Alba floats tender to seek developer of a 5 MW solar power plant
According to a recent report, Aluminium Bahrain B.S.C. (Alba) has floated a tender to seek developers for a 5 megawatt solar power plant, which will be built on the premises of the firm in Bahrain. The developer will be responsible for handling design, construction, and commissioning of the solar...
LME aluminium price settles higher at US$2554/t; SHFE price grows by RMB28/t to US$2951/t
Three-month LME aluminium opened at US$2,563.50 per tonne on November 10 and closed at US$2,548 per tonne, an increase of 0.62 per cent. On Wednesday, November 10, LME aluminium cash (bid) price and LME official settlement price decreased by US$28 per tonne to settle at US$2,553 per tonne and...
A00 aluminium ingot price in China records a hike of RMB290/t to RMB18800/t; Aluminium alloys (ADC12) price gains RMB50/t
A00 aluminium ingot price in China has increased by RMB 290 per tonne to stand at RMB 18,800 per tonne on Thursday, November 11, following a plunge of RMB 440 per tonne on the previous day. SMM data shows the average prices are expected to range between RMB 18,780 per tonne and RMB 18,820 per...
Vedanta’s aluminium ingot price hovers around INR224000-237000/t on November 10, 2021
Vedanta Limited is selling its aluminium ingot price at INR 224,000-237,000 per tonne as of November 10, 2021. Among aluminium products prices, the company’s aluminium wire rod price has come in at INR 231,500- 239,000 per tonne, while aluminium billets price is standing at INR 232,000 per tonne....
India’s aluminium scrap imports from US grow for the second straight month by 33% to 45,300 tonnes in August’21
India’s aluminium scrap imports from the United States reflected a hike for the second month in a row in August 2021, found the US Census Bureau. According to the data, India imported 45,300 tonnes of aluminium scrap from the US in the said month, up by 11,200 tonnes or 32.84 per cent...
China’s primary aluminium production reflects M-o-M increase of 1.6% to 3.16 million tonnes for October 2021
In October 2021, China’s primary aluminium production reflected a month-on-month increase of 1.61 per cent from 3.11 million tonnes to 3.16 million tonnes, found the Shanghai Metals Market. But on a year-on-year basis, the output stood down by 2.55 per cent from 3.25 million tonnes. SMM data showed...
Average alumina spot price in China nosedives by RMB110/t to RMB3768/t; A00 aluminium ingot price shrinks to RMB18510/t
The average alumina spot price in China has decreased for the second day in a row on Wednesday, November 10. According to the Shanghai Metals Market, the price has plummeted by RMB 110 per tonne to come in at RMB 3,768 per tonne. In Shanxi, alumina spot price has seen a steep fall of RMB 175 per...
LME aluminium price continues to grow to settle at US$2582/t; SHFE price shrinks by US$58/t to US$2923/t
Three-month LME aluminium opened at US$2,602.50 per tonne yesterday and closed at US$2,562 per tonne, a decrease of 1.46 per cent. On Tuesday, November 9, LME aluminium cash (bid) price grew by US$51 per tonne to come in at US$2,581 per tonne, while LME official settlement price increased by...
