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.
A00 aluminium ingot price in China grows by RMB30/t to close the week at RMB20,050/t: SMM
A00 aluminium ingot price in China has climbed by RMB 30 per tonne to close the week, ending on Friday, August 13, at RMB 20,050 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,030 per tonne and RMB 20,070 per tonne, with spot contract to be...
LME aluminium price gains US$24/t to stand above US$2600/t; SHFE price continues to decline to US$3090/t
Three-month LME aluminium increased 0.21 per cent to end at US$ 2,580.50 per tonne on Thursday, August 12. LME aluminium cash (bid) price and LME official settlement price built-up US$ 24 per tonne to stand at US$ 2,602 per tonne on Thursday, August 12, following a dip of US$ 1 per tonne in the...
China’s aluminium wire and cable sector’s operating rate drops to 41.12% in July 2021; Likely to recover in August to 45%
Shanghai Metals Market found that aluminium wire and cable sector’s operating rate stood at 41.12 per cent in July 2021, reflecting a drop of 0.2 percentage point from June. But on a year-on-year calculation, it edged 0.4 percentage point higher. The month-on-month decrease in operating rate in...
Primary aluminium inventories in China grow after five consecutive weeks of decline; Inventories standing at 739,000 tonnes
According to the Shanghai Metals Market, China’s social inventories of primary aluminium gained 7,000 tonnes over the week across eight major consumption areas, including SHFE warrants. Thus, as of Thursday, August 12, primary aluminium inventories in China have come in at 739,000 tonnes. China has...
US aluminium crude metals and alloys imports from UAE grow 6% M-o-M to 32,800 tonnes in May 2021; Imports during Jan-May decline 17%
According to the US Geological Survey data, the United States aluminium crude metals and alloys imports from United Arab Emirates (UAE) rose 6.15 per cent or 1,900 tonnes month-on-month to 32,800 tonnes in May 2021. In April, the US imports stood at 30,900 tonnes, down by 0.96 per cent from 31,200...
China's Tianshan Aluminium to acquire 49% of shares of Indonesian bauxite mining company
On Tuesday, August 10, Tianshan Aluminum Group Co.,Ltd. announced that it signed a letter of intent with an unnamed Indonesian mining holding company and its controller. According to the letter of intent signed, Tianshan will buy a minimum of 49 per cent of shares of the bauxite company through...
LME aluminium price inches down to US$2578/t; SHFE price slips by US$9/t to US$3103/t
Three-month LME aluminium dipped 0.04 per cent to end at US$ 2,585 per tonne on Wednesday, August 11. LME aluminium cash (bid) price and LME official settlement price dipped slightly by US$ 1 per tonne to stand at US$ 2,578 per tonne on Wednesday, August 11, following a hike of US$ 32 per tonne in...
Dudley’s Aluminium secures multimillion pound contact for Millwrights Place and Coopers Court
Cardiff-based aluminium fabricator Dudley’s Aluminium has reportedly bagged another multimillion pound project contract with Willmott Dixon to work on the Millwrights Place and Coopers Court residential scheme at Finzels Reach. Dudley’s has already started working on Halo, an office accommodation...
AWB Aluminiumwerk Berlin GmbH joins ASI as new Production and Transformation member
Aluminium Stewardship Initiative has announced the joining of AWB Aluminiumwerk Berlin GmbH as ASI’s 185th Production and Transformation member. AWB Aluminiumwerk Berlin GmbH is an innovative, technologically modern extrusion plant for precision and aluminium profiles. With many years of experience...
Vedanta’s aluminium billet price recovers from the decline by INR3000/t on August 11
Vedanta Limited has increased its aluminium product prices on August 11, a day after it significantly reduced the prices on August 10. The latest hike has brought the company’s aluminium billet price to INR 231,500 per tonne, up by INR 3,000 per tonne from INR 228,500 per tonne. Vedanta’s aluminium...
A00 aluminium ingot price in China exceeds RMB20,000/t; Alumina spot price inches up by RMB2/t
On Wednesday, August 11, A00 aluminium ingot price in China has jumped by RMB 210 per tonne to stand above RMB 20,000 per tonne, following the two consecutive days of decline. According to the Shanghai Metals Market data, the price has come in at RMB 20,080 per tonne as of August 11, with average...
China’s aluminium production grows 1.9% M-o-M and 5% Y-o-Y to 3.28 million tonnes in July 2021: SMM
In July 2021, China produced 3.28 million tonnes of aluminium, which stood 1.86 per cent higher month-on-month from 3.22 million tonnes and 5 per cent on year from 3.12 million tonnes. However, the average daily output edged lower on a month by 1 per cent to 106,000 tonnes in July. The output...
Guangxi Power Grid Corp imposes power consumption restrictions on aluminium producers; Likely to affect half a million tonnes of smelting capacity
On Saturday, August 7, Guangxi Power Grid Corp sent a notice directing aluminium smelters in Guangxi region to reduce average electricity loads by more than 30 per cent by August 15. This move comes as a part of the effort to cut electricity usage during peak times, said consultancies AZ China and...
Vedanta’s aluminium wire rod price sees a sharp decline of INR5500/t on August 10
Vedanta Limited has sharply reduced its aluminium product prices with effect from Tuesday, August 10, in tandem with the plunge in LME aluminium benchmark price on August 9. Vedanta’s aluminium wire rod price has seen a cut of INR 5,500 per tonne or 2.30 per cent on Tuesday and standing at INR...
LME aluminium price closed US$71.50/t lower at US$2547/t; SHFE price decreased to US$3064/t
Three-month LME aluminium dropped 1.14 per cent to end at US$ 2,554 per tonne last night. LME aluminium cash (bid) price and LME official settlement price plunged by US$ 71.50 per tonne on Monday, August 9, to stand at US$ 2,547 per tonne, following an increase in the previous day from US$ 2,583.50...
Hindalco’s aluminium ingot price builds-up INR3500/t after two back-to-back cuts
Hindalco Industries Limited has increased its aluminium ingot and aluminium product prices with effect from Saturday, August 7, in line with two consecutive hikes on August 5 & 6 from US$ 2,575.50 per tonne to US$ 2,618.50 per tonne. Hindalco’s aluminium ingot price has been raised by INR 3,500 per...
India’s aluminium scrap imports from US slip 2.31% M-o-M to29,600 tonnes in May’21; Total imports during Jan-May grow 27% on year
India’s aluminium scrap imports from the United States slipped in May 2021 to come close to the import volume of March. According to the US Census Bureau data, India imported 29,600 tonnes of aluminium scrap from the US in May, which reflected a dip of 2.31 per cent month-on-month from 30,300...
Alumina production in China grows 2.78% M-o-M to 6.29 million tonnes during July 2021; Daily output dips 0.34% to 196,000 tonnes
In July 2021, China’s alumina production came in at 6.29 million tonnes after increasing by 2.78 per cent month-on-month from 6.12 million tonnes, found the Shanghai Metals Market. According to SMM data, the output in July included 6.08 million tonnes of metallurgical grade alumina compared to 5.91...
