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.
Century Aluminum starts constructing $120 million worth new low-carbon billet casthouse at Grundartangi smelter
On Wednesday, November 3, Century Aluminum Company declared that its wholly-owned subsidiary, Norðurál Grundartangi ehf (“Norðurál”), started off the construction of a new low-carbon billet casthouse at Grundartangi, Iceland smelter. The new value-added casthouse will have a capacity of 150,000...
China’s average alumina price drops for the third day in a row to RMB4014/t; A00 aluminium ingot price climbs by RMB140/t
The average alumina spot price in China has slipped for the third day in a row by RMB 9 per tonne to stand at RMB 4,014 per tonne on Thursday, November 4, found the Shanghai Metals Market. In Shandong, Henan, and Shanxi, the price has decreased by RMB 10 per tonne to RMB 4,030 per tonne, RMB 4,040...
Australian Bauxite Limited to build pilot plant to expand aluminium fluoride production
Australian Bauxite Limited is eyeing to expand aluminium fluoride production and thus, establishing a pilot plant on the mainland. The subsidiary, Alcore, initially aims at starting a commercial production at Bell Bay with a 10,000 tonnes per year capacity before ramping it up over time to 60,000...
Yunnan in China removes preferential electricity pricing for aluminium producers to control power consumption
Southwest China’s Yunnan province, one of the country’s largest aluminium-producing areas, has reportedly removed preferential electricity pricing for electrolytic aluminium producers to control power consumption amid shortages. The news came after the provincial government issued a policy on...
Alumina spot price in China shrinks by RMB87/t to close at RMB4023/t; A00 aluminium ingot price plunges by RMB300/t
The average alumina spot price in China has continued to decline to stand at RMB 4,023 per tonne on Wednesday, November 3. According to the Shanghai Metals Market, the price has decreased by RMB 87 per tonne compared to the drop of RMB 9 per tonne on the previous day. In Shanxi and Henan, the...
LME aluminium price falls 1.2% to settle at US$2680/t; SHFE benchmark price shrinks by US$38/t
LME aluminium opened at US$2,722 per tonne on Tuesday morning and closed at US$2,680 per tonne, down $39.50 per tonne or 1.45 per cent. On Monday, November 2, LME aluminium cash (bid) price shrank by US$ 33.50 per tonne or 1.24 per cent to stand at US$ 2,679 per tonne, while LME aluminium official...
Arconic reports 5% growth in revenue for 3Q2021 on higher LME aluminium price; Sales improve 5% to $1.9 billion
Arconic Corporation, an American industrial company specialized in lightweight metals engineering and manufacturing, has reported the third-quarter results of 2021, revealing a 34 per cent hike in sales year-on-year to $1.9 billion. On a quarter-on-quarter basis, it grew by only 5 per cent. Net...
US aluminium scrap exports to Hong Kong jump by above 200% Y-o-Y in July 2021
The United States aluminium scrap exports to Hong Kong inched up by only 300 tonnes in July 2021, following a decline in the previous month. According to the US Geological Survey, aluminium scrap exports from the US to Hong Kong stood at 19,200 tonnes in July compared to 18,900 tonnes in June 2021....
New Day Aluminum’s Noranda Alumina rebrand as Atlantic Alumina Company
New Day Aluminum Holdings LLC, the parent company of Noranda Alumina and Noranda Bauxite, has officially announced the rebranding of its business to the Atlantic Alumina Company (ATALCO). The company will rebrand all its metallurgical and non-metallurgical bauxite and alumina operations in a staged...
Average alumina spot price in China slips by RMB9/t to settle at RMB4110/t; A00 aluminium ingot price declines by RMB130/t
The average alumina spot price in China has slipped by RMB 9 per tonne on November 2 after over a week-long restraint from October 22 to November 1. According to the Shanghai Metals Market data, the average alumina spot price has come in at RMB 4,110 per tonne as of November 2. In Henan and Shanxi,...
South America’s alumina production reflects a downfall of 7% in September 2021: IAI
According to the International Aluminium Institute, alumina production in South America in September 2021 stood at 874,000 tonnes, reflecting a downfall of 6.72 per cent or 63,000 tonnes month-on-month. In August, alumina output in South America came in at 937,000 tonnes after being decreased by...
Alba announces stellar performance for 3Q2021 - Profit improves to BD125.9 million as revenue grows 48%
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China, has announced the third quarter and nine months report of 2021, wherein it has mentioned a profit of BD125.9 million (US$335 million) for Q3 2021, versus a Loss of BD11.6 million (US$30.9 million) for the same period...
China’s A00 aluminium ingot price opens the week higher at RMB20240/t; Aluminium alloy (A356) price climbs RMB100/t
A00 aluminium ingot price in China has increased by RMB 40 per tonne to stand at RMB 20,240 per tonne on Monday, November 1, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,220 per tonne and RMB 20,260 per tonne, with average prices likely to range between...
Primary Aluminium Weekly Recap: QAMCO reports highest ever quarterly net profit of QR233 million for 3Q2021; NALCO slashes aluminium ingot price by INR19100/t
This week has been a week for quarterly updates from many stalwart primary aluminium companies such as Hydro, Qamco, Chalco, and Vedanta. Hydro announced that in 3Q2021, it produced 573,000 tonnes of primary aluminium, which was 2 per cent up from 561,000 tonnes in Q2 2021 and 10 per cent higher...
LME aluminium price losses US$222/t this week to close at US$2695/t; SHFE price shrinks to US$3184/t
LME aluminium benchmark price shrunk by US$222 per tonne throughout the week ended October 29, 2021. LME aluminium cash (bid) price and LME official settlement price started the week on Monday, October 25, at US$2,916.50 per tonne and US$2,917 per tonne. They both plunged on October 26 for the...
Alumina production in Europe (incl. Russia) shows M-on-M fall of 8.3% to 838,000 tonnes during September 2021
In September 2021, alumina production in Europe (including Russia) stood at 838,000 tonnes, reflecting a month-on-month decline of 8.32 per cent, found the International Aluminium Institute. In August 2021, the output came in at 914,000 tonnes, up by 2.12 per cent from 895,000 tonnes a month ago....
Hindalco Industries Limited further cuts its aluminium wire rod price significantly by INR11000/t
Hindalco Industries Limited again cut its aluminium products prices significantly, with effect from Thursday, October 28. Hindalco’s aluminium wire rod price came in at INR 247,850 per tonne after being plunged by INR 11,000 per tonne or 4.25 per cent from INR 258,850 per tonne on October 27....
Hydro’s primary aluminium production in 3Q2021 grows 2% to 573,000 tonnes; EBITDA from primary aluminium totals NOK4,263 million
Hydro has announced in its 3Q2021 results that it produced 573,000 tonnes of primary aluminium in the said period. That was up by 2 per cent from 561,000 tonnes in Q2 2021 and 10 per cent higher than 522,000 tonnes in Q3 2020. Backed on the increase in production and surge in LME aluminium price,...
