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.
China’s primary aluminium inventories grow for two straight months to stand at 982,000 tonnes
China’s social inventories of primary aluminium rose 25,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants, to come in at 982,000 tonnes on Thursday, October 28. That marked the eighth consecutive week of rising, primarily contributed by higher arrivals of stocks...
China’s A00 aluminium ingot price jumps RMB860/t to stand above RMB20,000/t; Aluminium alloy(A356) price gains RMB800/t
A00 aluminium ingot price in China has jumped by RMB 860 per tonne to stand at RMB 20,200 per tonne on Friday, October 29, following incessant declines since October 22 from RMB 23,340 per tonne to RMB 19,340 per tonne, found the Shanghai Metals Market. The average prices are expected to range...
World alumina production edges 4.33% lower to 11.170 million tonnes in September 2021: IAI
According to the International Aluminium Institute, world alumina production in September 2021 stood at 11.170 million tonnes (including both metallurgical and chemical), which was down by 4.33 per cent from 11.675 million tonnes in August. In July, the output was 11.669 million tonnes, meaning...
NALCO continues to slash its aluminium ingot price by INR19100/t in line with M-o-M downfall of LME aluminium price
National Aluminium Company Limited (NALCO) has yet again cut its aluminium ingot price significantly, with effect from Thursday, October 28. In tandem with the incessant decline in LME aluminium benchmark price, NALCO has reduced its ingot price by INR 19,100 per tonne from INR 253,350-256,850 per...
LME aluminium price records a sharp fall of US$127/t to US$2704/t; SHFE price plunges by US$184/t
Three-month LME aluminium opened at US$2,835 per tonne on Wednesday morning and closed at US$2,665.50 per tonne, down US$166.50 per tonne or 5.88 per cent. LME aluminium cash (bid) price and LME aluminium official settlement price have recorded a sharp fall of US$127 per tonne to stand at...
China’s A00 aluminium ingot price continues to fall sharply by RMB1140/t; Aluminium alloy (A356) price comes below RMB23000/t
A00 aluminium ingot price in China has nosedived by RMB 1,140 per tonne to come below RMB 20,000 per tonne on October 28. According to the Shanghai Metals Market, the price is standing at RMB 19,340 per tonne, with average prices likely to range between RMB 19,320 per tonne and RMB 19,360 per...
Rusal’s bauxite production in 9M2021 grows 1.1% to 3.792 million tonnes; Alumina output improves 2.1% Y-o-Y
Rusal, the world’s largest aluminium producer outside China, has announced its operating results for the third quarter of 2021, ended September 30. The company revealed that its bauxite production dropped 1.1 per cent Q-o-Q from 3.836 million tonnes to 3.792 million tonnes in 3Q2021. In total nine...
Hydro investing NOK 390 million for a new automotive extrusion press at aluminium plant in Suzhou, China
According to a recent report, Hydro is opening a new automotive extrusion press at its aluminium manufacturing plant in Suzhou, China, by investing NOK 390 million. The new P60 12-inch press will expand the extrusion capacity at Suzhou, along with the expansion of the plant. The extrusion press...
Hindalco sharply cuts its aluminium billets price by INR6500/t in tandem with sixth consecutive fall of LME aluminium price
On Wednesday, October 27, Hindalco Industries Limited has slashed its aluminium products prices, in line with the sixth consecutive day of LME aluminium price fall. The company has reduced its aluminium billets price by INR 6,500 per tonne to INR 258,350 per tonne. On the previous day, the price...
LME aluminium price nosedives by US$86/t to stand at US$2831/t; SHFE price declines by US$37/t
Three-month LME aluminium opened at US$2,893 per tonne on Tuesday morning and closed at US$2,832 per tonne, down US$64.50 per tonne or 2.23 per cent. LME aluminium cash (bid) price and LME aluminium official settlement price plunged for the sixth day in a row by US$86 per tonne to stand at...
A00 aluminium ingot price in China shrinks by RMB380/t; Aluminium alloy (A356) price comes below RMB24000/t
A00 aluminium ingot price in China has registered a decline yet again by RMB 380 per tonne to stand at RMB 20,480 per tonne on Wednesday, October 27, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,460 per tonne and RMB 20,500 per tonne, with spot contract...
Aluminium Ingot production in Iran grows 23% Y-o-Y to 260,679 tonnes during H1 2021
The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) reported that the aluminium ingot production in Iran registered a hike of 23 per cent during the first six months of the nation’s calendar year (from March 21 to September 21) as compared to the same period...
North America’s primary aluminium production in 3Q2021 declines 4% Q-o-Q to 952,000 tonnes; Output in South America grows 2%
In September 2021, North America produced 304,000 tonnes of primary aluminium compared to 315,000 tonnes in August, found the International Aluminium Institute (IAI). That was down by 11,000 tonnes or 3.49 per cent month-on-month, learned the data. On a year-on-year calculation, North America’s...
Hydro reports strong operations in bauxite, alumina for 3Q2021; 100% production growth leads to NOK36,710 million revenue
Hydro has announced in its quarterly results today that it has already reached the 2021 improvement target of NOK 5.1 billion during the third quarter of 2021 (ended on September 30), driven by global demand recovery and fiscal stimulus. As per the result revealed by Hydro, the company has achieved...
Hindalco Industries continues to reduce aluminium prices by INR5250/t with effect from October 23
Hindalco Industries Limited has decreased its aluminium products and aluminium ingot prices with effect from Saturday, October 23, bringing its aluminium wire rod price to INR 267,100 per tonne. That was down by INR 5,250 per tonne or 1.93 per cent from INR 272,350 per tonne on October 22....
Swisstek Aluminium turns to renewable energy usage, installs solar power generation facilities
Swisstek Aluminium Limited, a Sri Lanka-based aluminium product manufacturer, is now part of the national sustainability drive through solar power generation facilities installation at its factory complex to shift to the usage of renewable energy. This initiative is expected to boost the company’s...
China’s A00 aluminium ingot price descends for the third day in a row to RMB 20,860/t; Aluminium alloy (A356) price slumps by RMB1000/t
A00 aluminium ingot price in China has continued to decline for the third day in a row by a significant amount of RMB 790 per tonne to stand at RMB 20,860 per tonne on October 26, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,840 per tonne and RMB 20,880...
QAMCO records highest quarterly net profit of QR233 million during 3Q2021, buoyed by strong aluminium pricing
Qatar Aluminium Manufacturing Company (QAMCO) has announced the highest ever quarterly net profit of QR233 million during Q3 2021, ended September 30, as it has reaped the benefit of strong aluminium pricing amid renewed demand and restrained supply. That brought the total net profit to QR521...
