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 production drops 1.5% M-o-M to 3.23 million tonnes; Output grows 1.25% Y-o-Y
According to the Shanghai Metals Market, China’s primary aluminium production in August 2021 dropped 1.52 per cent month-on-month to stand at 3.23 million tonnes. But on a year-on-year calculation, the output edged 1.25 per cent higher than 3.19 million tonnes. Aluminium liquid accounted for 66.7...
Hydro signs 15-year contract with New Fortress Energy (NFE) for sourcing natural gas for Alunorte alumina refinery
According to a recent report, Hydro has entered into a 15-year contract with New Fortress Energy (NFE) for the supply of Liquefied Natural Gas (LNG) to the Alunorte alumina refinery in Brazil, as part of the fuel-switch initiative to replace the refinery’s energy sources and reduce carbon...
NALCO’s aluminium ingot price sees highest growth of INR14700/t with effect from September 11
National Aluminium Company Limited has reported a sharp growth in aluminium ingot price and aluminium products prices with effect from Saturday, September 11. NALCO’s aluminium ingot price has witnessed a spike of INR 14,700 per tonne to INR 245,850-249,350 per tonne, in comparison with INR...
A00 aluminium ingot price in China soars by RMB770/t to stand the highest since 2008; Aluminium alloys(ADC12) price grows above RMB230000/t
Shanghai aluminium prices have reached the highest level on Monday since 2008, fuelled by supply concerns in China, the world’s biggest consumer of the metal. Output curbs in China, the world’s biggest aluminium producer, and political turmoil in Guinea, China’s top source of bauxite, have further...
Weekly Downstream Recap: ASI welcomes Qatalum as new Production & Transformation member; China’s aluminium billet inventories grow on muted purchase
The global downstream aluminium sector has reported some of the important news this week, which include Qatalum joins ASI as its 193rd Production and Transformation member, JW Aluminium’s rolled product facility receives GreenCircle Certification, The Ministry of Commerce, Govt. of India's...
Primary Aluminium Weekly Recap: China’s A00 aluminium ingot price sees a 13-year high; Rusal appoints former Chalco trader Deng Gang
This week, the global aluminium industry is shook by the military coup in Guinea on September 5, which has impacted the raw material supply to the metal industry. As a result, the primary aluminium production is facing a disruption, causing an incessant hike in prices. Both the global aluminium...
Vedanta Limited increases its aluminium wire rod price back-to-back to INR248,000-255,500/t
Vedanta Limited expanded its aluminium products prices by INR 4,250 per tonne on Thursday September 9, bringing its aluminium wire rod price to INR 244,500-252,000 per tonne. On Friday, September 10, Vedanta’s aluminium wire rod price again saw a hike of INR 3,500 per tonne to come in at INR...
Primary aluminium inventories in China increase 2,000 tonnes to peg at 751,000 tonnes on Sept. 9
According to the Shanghai Metals Market, China’s social inventories of primary aluminium grew 2,000 tonnes across eight major consumption areas on Thursday, September 9, following a downfall of 5,000 tonnes in the previous week. SMM data showed the inventories stood at 751,000 tonnes on September...
China’s A00 aluminium ingot price soars above RMB22,500/t after the detention of Guinea President; Aluminium alloys prices climb RMB400/t
China’s domestic primary aluminium price has continued to surge by RMB 420 per tonne to stand above RMB 22,500 per tonne after Alpha Conde, president of the Republic of Guinea, got detained by Special Forces in the capital, Conakry. Unrest within Guinea is putting further strain on the market as it...
China’s aluminium billet inventories gain 6,500 tonnes this week on muted downstream purchase
Aluminium billet inventories in China have recorded an increase of 6,500 tonnes across five major consumption areas to come in at 145,500 tonnes on Thursday, September 9, found the Shanghai Metals Market. Last week, on September 2, China’s aluminium billet inventories stood at 139,000 tonnes...
Hindalco sharply grows its aluminium ingot price by INR4,250/t or 2% w.e.f. September 9
Hindalco Industries Limited has continued to increase its aluminium ingot and aluminium products prices for the fourth time in a row, with effect from Thursday, September 9. Hindalco’s aluminium ingot price has come in at INR 236,500 per tonne, up by INR 4,250 per tonne or 1.83 per cent from INR...
Novelis expands research partnership with Georgia Tech aiming at enhancing innovations using recycled aluminium
On Wednesday, September 8, Novelis Inc., the world leader in aluminum rolling and recycling, declared that it expanded its research partnership with the Georgia Institute of Technology (Georgia Tech) Novelis Innovation Hub, aiming at enhancing materials and process research to help Novelis build a...
China’s A00 aluminium ingot price records a 13-year high at RMB22,230/t; Aluminium alloy(A356) price soars by RMB500/t
The tight supply of primary aluminium in the Chinese domestic market due to increased pressure on smelters to rationalise their power usage, added with political unrest in Guinea impacting the global raw material supply, has pushed the country’s A00 aluminium ingot price to a 13-year high....
LME aluminium price surged by US$34.5/t to reach at US$2775/t; SHFE price soared to US$3435/t
Three-month LME aluminium opened at US$2,765 per tonne on Wednesday morning and ranged between US$2,758-2,810 per tonne before closing at US$2,791 per tonne, an increase of US$23 per tonne or 0.83 per cent. Trading volume was 18,734 lots, and open interest decreased by 5,410 lots to 646,000 lots....
Vedanta’s aluminium ingot selling price gains INR4250/t to INR232,750-245,750/t w.e.f. September 7
Vedanta Limited announced that it increased its aluminium ingot and aluminium products prices with effect from Tuesday, September 7, bringing its aluminium ingot price to INR 232,750-245,750 per tonne. That was an increase of INR 4,250 per tonne from INR 228,500-241,500 per tonne on September 3....
Hindalco Industries hikes its aluminium wire rod and billets prices by 2% in line with LME aluminium price rally
Hindalco Industries Limited continued to increase its aluminium products and aluminium ingot prices in line with LME aluminium benchmark price rally as an outcome of interrupted raw material supply due to military coup in Guinea. With effect from Tuesday, September 7, Hindalco’s aluminium wire rod...
Chinese alumina spot price climbs RMB42/t to close at RMB3161/t; A00 aluminium ingot price settles higher at RMB21770/t
The interrupted supply of aluminium raw material due to military Coup in Guinea has further pushed the Chinese alumina spot price to RMB 3,161 per tonne on Wednesday, September 8. According to the Shanghai Metals Market, the price has climbed by RMB 42 per tonne from RMB 3,119 per tonne on...
LME aluminium price drops US$5/t to stand at US$2740.5/t; SHFE price closes higher at US$3371/t
Three-month LME aluminium rose 0.02 per cent to end at US$2,768 per tonne on last night, with open interest decreasing 49 lots to 651,000 lots. LME aluminium cash (bid) price and LME official settlement price dropped by US$5 per tonne on Tuesday, September 7, to come in at US$2,740 per tonne and...
