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.
Alumina spot price in China grows for the second day in a row by RMB11/t; A00 aluminium ingot price declines to RMB19890/t
The average alumina spot price in China has opened the week on Monday, August 9, with an increase of RMB 11 per tonne to RMB 2,603 per tonne. This marks the second consecutive day of hike, following a rise of RMB 8 per tonne from RMB 2,584 per tonne to RMB 2,592 per tonne. In Shanxi and Shandong,...
NALCO’s aluminium ingot price sees a downfall of INR3400/t with effect from August 6
National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium product prices with effect from Friday, August 6, following a sharp hike in the previous week. NALCO’s aluminium ingot price is currently ranging between INR 221,850-225,350 per tonne, down by INR 3,400 per...
Vedanta Aluminium Business wins three Gold Awards at SNEMA 2020
Vedanta Aluminium Business has won three Gold Awards at the SEEM National Energy Management Awards (SNEMA) 2020 for excellence in energy management at its Aluminium Smelters I & II and 1215MW Captive Power Plant at Jharsuguda, Odisha. Vedanta’s 1215MW Captive Power Plant and 2400 MW Thermal Power...
Maan Aluminium reports above 200% Y-o-Y growth in net profit for 1QFY22
Maan Aluminium has presented the financial results of the first quarter of FY2022 ended on June 30, revealing a year-on-year increase of 222.98 per cent in net profit to INR 5.20 crore. In the June quarter of FY21, the company’s net profit stood at INR 1.61 crore. On a quarter-on-quarter basis,...
Ma’aden Aluminium bags ASI Performance and Chain of Custody Standard Certification for its integrated facilities
Aluminium Stewardship Initiative has reportedly certified Ma’aden Aluminium against the Performance and Chain of Custody Standard Certification for its vertically integrated aluminium facilities. The news came after ASI announced that it successfully certified the Middle East-based company for its...
LME aluminium price rose US$8/t to stand at US$2583.50/t; SHFE price gained US$26/t to US$3077/t
Three-month LME aluminium closed 0.94 per cent higher to stand at US$ 2,586.50 per tonne on Thursday, August 5. LME aluminium cash (bid) price and LME official settlement price rose by US$ 8 per tonne to stand at US$ 2,583.50 per tonne on Thursday, August 5. 3-months bid price and 3-months offer...
EV start-up Mean Metal Motors reveals India’s First Electric Supercar ‘AZANI’, built around skateboard aluminium chassis
Bengaluru-based Mean Metal Motors has introduced a brand new Azani model as India’s first-ever all-electric hypercar. Built around a skateboard aluminium spaceframe chassis, the all-new Azani model has a futuristic design and boasts performance figure. According to the automaker, the Azani can...
Primary aluminium inventories in China continue to fall 26,000 tonnes to stand at 732,000 tonnes this week
According to the Shanghai Metals Market, China’s social inventories of primary aluminium have continued to fall on Thursday, August 5, albeit slower than the previous week. SMM found the inventories fell 26,000 tonnes week-on-week across China’s eight major consumption areas, including SHFE...
Vedanta continues to decrease aluminium ingot price by INR2000/t on Aug. 5 in line with further drop in LME aluminium price
Vedanta Limited has continued to decrease its aluminium ingot and aluminium product prices for the second straight day by INR 2,000 per tonne. With effect from Thursday, August 5, Vedanta’s aluminium ingot price has been reduced to INR 222,500-235,500 per tonne from INR 224,500-237,500 per tonne a...
Century Aluminum reports a 19% rise in Net Sales to $528 million in 2Q2021; Shipments decline by over 4,500 tonnes
Century Aluminum Industry has reported net sales of $528 million for the second quarter of 2021 ended on June 30, an increase of 19 per cent from $444 million driven by higher aluminum prices and increased regional premiums. On Wednesday, August 4, the company unveiled its Q2 financial and...
China’s A00 aluminium ingot price grows slightly by RMB10/t after three days of decline; Caustic soda price shrinks to RMB1005/t
After decreasing for the past three consecutive days from RMB 19,850 per tonne to RMB 19,730 per tonne, A00 aluminium ingot price in China has inched up by RMB 10 per tonne on Thursday, August 5. According to SMM data, the primary aluminium ingot price is standing at RMB 19,740 per tonne, with...
FYI Resources and Alcoa extend agreement period of potential HPA JV for another month
According to a recent report, FYI Resources (FYI) and Alcoa Australia have extended their exclusive agreement period for possible high purity alumina (HPA) joint venture. The companies started correspondence with each other over the potential partnership in May. Within three months’ time, due...
Vedanta reduces its aluminium wire rod price by 1% to INR232,000-239,500/t on August 4
Vedanta Limited has decreased its aluminium ingot and aluminium product prices with effect from Wednesday, August 4, in line with the fall in the LME aluminium benchmark price on August 3. Vedanta is currently selling its aluminium wire rod at INR 232,000-239,500 per tonne, down by INR 2,750 per...
NALCO’s aluminium ingot price soars by over INR10,000/t w.e.f. July 31; Present selling price is at INR225,250-228,750/t
National Aluminium Company Limited (NALCO) has sharply increased its aluminium ingot price by INR 10,100 per tonne or 4.7 per cent with effect from Saturday, July 31. This soar in price has brought the company’s aluminium ingot price to INR 225,250-228,750 per tonne compared to INR 215,150- 218,650...
LME aluminium price closes lower at US$2595.50/t after four days of hike in a row; SHFE price drops by US$10/t
Three-month LME aluminium edged down 0.94 per cent to close at US$ 2,588.50 per tonne on Tuesday, with open interest losing 12,000 lots to 670,000 lots. LME aluminium cash (bid) price and LME official settlement price decreased by US$ 39.50 per tonne to stand at US$ 2,595.50 per tonne on Tuesday,...
Sanyuan Aluminium Co., Ltd. joins ASI as a new Production & Transformation member
Aluminium Stewardship Initiative has welcomed Sanyuan Aluminium Co., Ltd. as a new Production & Transformation member, bringing the total number of ASI Members to 183. Established in 2007 in Zhuhai, Sanyuan Aluminium Co., Ltd. has two plants in Shandong province: Shandong Longkou Sanyuan Aluminium...
US aluminium plates, sheets and bars imports from Oman fall 40% M-o-M in April 2021
According to the US Census Bureau data, the United States imported 6,220 tonnes of aluminium plates, sheets and bars from Oman in April 2021. That was a decrease of 4,220 tonnes or 40.42 per cent month-on-month, following a hike in March from 5,780 tonnes in February to 10,400 tonnes. On a...
Australia and Guinea to promote global bauxite production growth in 2021, Fitch estimates
Fitch Solutions has forecast in its recent industry report that new projects coming online in Guinea, Indonesia, and Australia and ramp-up in Indian and Indonesian output will drive the global bauxite production growth this year after the COVID-19 pandemic in 2020. The American credit rating agency...
