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.
Vedanta cuts aluminium wire rod and billet prices by 1.7% on September 2 after three consecutive hikes
Vedanta Limited has decreased its aluminium products prices by INR 4,000 per tonne or 1.68 per cent with effect from Thursday, September 2, bringing the aluminium wire rod price to INR 233,750-241,250 per tonne from INR 237,750-245,250 per tonne on August 28. The company’s aluminium billet price...
Hindalco Industries reduces aluminium ingot price by INR4,000/t as LME aluminium price descends from 10-year high
Hindalco Industries Limited has decreased its aluminium ingot and aluminium products prices with effect from Thursday, September 2, after increasing them for three consecutive times from August 24-28. From today, Hindalco is selling its aluminium ingot at INR 225,750 per tonne, down by INR 4,000...
A00 aluminium ingot price in China closes up at RMB21,230/t; Aluminium alloy(A356) price soars above RMB22,000/t
A00 aluminium ingot price in China has recorded an increase of RMB70 per tonne on Thursday, September 2, following a downfall of RMB80 per tonne on the previous day. According to the Shanghai Metals Market, primary aluminium ingot price has come in at RMB21,230 per tonne, with average prices likely...
LME aluminium price shrank by US$46.5/t to close at US$2667.5/t; SHFE price inched up by U$5/t
LME aluminium opened at US$2,710 per tonne on Wednesday morning and closed at US$2,693.50 per tonne, down by US$13 per tonne or 0.48 per cent. LME aluminium cash (bid) price and LME official settlement price plunged by US$46.50 per tonne to stand at US$2,667.50 per tonne on Wednesday, September 1,...
US alumina imports decline 8% Q-o-Q to 383,000 tonnes during 2Q2021; Imports from Brazil increase 14.5%
In the second quarter of 2021, the United States imported 383,000 tonnes of alumina, a decrease of 33,000 tonnes or 7.93 per cent from 416,000 tonnes in the first quarter, found the US Census Bureau. However, on a year-on-year calculation, the United States alumina imports in Q2 2021 stood 6.09 per...
Top Chinese smelters assure to stabilise aluminium prices from new highs: CNIA
On Monday, August 30, the China Nonferrous Metals Industry Association (CNIA) held a meeting attended by the country’s top aluminium smelters to discuss the continuous surge in aluminium prices, both on the Shanghai Futures Exchange and the London Metal Exchange. Reaching at a 13-year high,...
Hulamin’s aluminium rolled product sales grow 43% in H1 2021; Revenue spike 50% to R5.5 billion
South Africa-based aluminium supplier and exporter Hulamin recorded flattering results for both its rolled and extruded product segments, despite the ongoing Covid-19 pandemic. During the six-month period ended June 30, Hulamin’s rolled and extruded product sales rose 43 per cent and 58 per cent,...
China’s alumina spot price nears RMB3000/t by building-up RMB76/t; But A00 aluminium ingot price slips by RMB80/t
The average alumina spot price in China has continued to increase for the third day in a row by RMB76 per tonne to RMB2,974 per tonne on Wednesday, September 1, found the Shanghai Metals Market. In Guangxi and Guizhou, alumina price has surged by RMB125 per tonne to stand at RMB2,850 per tonne, and...
LME aluminium price closed Tuesday trading up at US$2714/t; SHFE price slipped by US$13/t to US$3278/t
Three-month LME aluminium rose 1.98 per cent to end at US$ 2,706.50 per tonne on Tuesday, August 31. LME aluminium cash (bid) price and LME official settlement price opened the week on Tuesday, August 31, with a surge of US$ 40.50 per tonne to US$ 2,714 per tonne. On Monday, August 30, the LME...
Global aluminium price rally to 10-year high lifts aluminium product cost
The sharp spike in aluminium prices to the 10-year high due to limited production in China, the world’s largest aluminium producer, for restricted energy usage is reportedly rippling through the cost of end-user products, right from Heineken cans to kitchen wrap. Until now this year, the global...
Kaiser Aluminum receives $1.25 million grant from TNECD for relocating headquarters
According to a recent report, the Tennessee Department of Economic and Community Development (TNECD) has announced to award $1.25 million grant to Kaiser Aluminum Investments to move its company headquarters from California to Franklin. The grants provided by TNECD are FastTrack grants from the...
Alumina spot price in China sees a spike to close at RMB2898/t; Aluminium fluoride price exceeds RMB8000/t
The average alumina spot price in China has seen a spike today, on August 31, marking a steady rise since the end of July 2021, found the Shanghai Metals Market. Data shows alumina price has come in at RMB 2,898 per tonne as of August 31, surging by RMB 96 per tonne. In Shanxi and Henan, alumina...
Achievement amid COVID-19: Sohar Aluminium’s 2020 primary aluminium production exceeds capacity totalling 396,929 tonnes
Sohar Aluminium Company, the first aluminium smelter in the Sultanate of Oman, has reportedly overcome all the challenges posed by the COVID-19 pandemic since early 2020 and has successfully achieved an annual primary aluminium production of 396,929 tonnes. That exceeded the smelter’s production...
Alumina production in South America remains unchanged at 1.019 million tonnes during July 2021; Output in North America grows 4%
According to the data found by the International Aluminium Institute, alumina production in South America during July 2021 came in at 1.019 million tonnes, essentially unchanged from June 2021 and 1.018 million tonnes in May. South America's alumina output had last recorded a change in May by...
LME aluminium price rose 1.46% to settle at US$2673.50/t; SHFE price continued to expand to US$3246/t
Three-month LME aluminium opened at US$ 2,622 per tonne last Friday morning, with the lowest and highest prices at US$ 2,618.50 per tonne and US$ 2,697 per tonne before closing up US$ 8 per tonne or 1.3 per cent. LME aluminium cash (bid) price and LME official settlement price surged by 38.50 per...
Hindalco Industries continues to increase aluminium ingot price to INR229,750/t w.e.f. August 28
Hindalco Industries Limited continued to increase aluminium ingot and aluminium products prices with effect from Saturday, August 28. Hindalco raised its aluminium ingot price by INR 2,000 per tonne from INR 227,750 per tonne on August 25 to INR 229,750 per tonne on August 28. Hindalco’s aluminium...
Primary Aluminium Weekly Recap: World primary aluminium production grows 3% M-o-M in July’21; EGA contemplating to float IPO in 2022
This week brought us a plethora of news from the global primary aluminium industry right from world primary aluminium production to Emirates Global Aluminium’s target of floating an IPO in 2022. According to a report on Monday based on the International Aluminium Institute’s data, world primary...
Vedanta Limited further increases aluminium billet and wire rod prices by INR2000/t with effect from August 28
Vedanta Limited has continued to increase its aluminium products prices for the third time in a row, with effect from Saturday, August 28, after a cut of INR 3,500 per tonne on August 19. The company’s aluminium wire rod price has come in at INR 237,750-245,250 per tonne, up by INR 2,000 per tonne...
