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.
Showa Denko gearing up to meet increasing demand for aluminium heat radiators for XEVs, decides to double production capacity
According to a recent report, Showa Denko K.K., a Japanese chemical company, has decided to double Oyama Plant’s capacity to produce aluminium heat radiators for power modules used in electrified vehicles, including battery electric vehicles, hybrid vehicles, and plug-in hybrid vehicles. As per the...
Vedanta Ltd grows aluminium wire rod and billet prices by INR1750/t with effect from July 29
Vedanta Limited has further increased its aluminium ingot and aluminium products prices, although lower than the previous day, with effect from Thursday, July 29. This marks a growth for the second consecutive time since July 24, bringing Vedanta’s aluminium ingot price to INR 218,500-231,500 per...
Canyon Resources appoints Foster Stockbroking to manage $4 million raise for feasibility study
According to report on Thursday, July 29, bauxite miner Canyon Resources has appointed Foster Stockbroking to manage a $4 million raise for the company. The amount is for funding a feasibility study. As per the report, 8¢ per share or a 14 per cent discount to the last trading price has been...
LME aluminium price exceeds US$2500/t by gaining US$18.50/t; SHFE price settles at 1.17% higher
Three-month LME aluminium closed 1.45 per cent higher at US$ 2,521 per tonne on Wednesday, with open interest decreasing 943 lots to 668,000 lots, and is expected to trade between US$ 2,500-2,550 per tonne today. LME aluminium cash (bid) price and LME official settlement price again exceeded US$...
Ball Corporation to invest $383.8 million to manufacture aluminium cans for Red Bull and Rauch
According to a recent report, Ball Corporation, the world’s leading beverage packaging company, will contribute $383.8 million to over $1 billion project with Red Bull and Rauch’s beverage manufacturing hub in Concord, Cabarrus County, USA. The three companies together will make the investment by...
Rusal’s bauxite production grows 2.3% Y-o-Y to 7.637MT in 1H2021; Alumina output increases to 4.102MT
On Tuesday, July 27, Rusal announced in its second quarter operating results that its bauxite production stood at 3.836 million tonnes, recording an increase of 0.9 per cent from 3.801 million tonnes in Q1 2021. In H1 2021, Rusal’s bauxite production totalled 7.637 million tonnes, up 2.3 per cent...
US aluminium scrap imports from Canada surge by more than 100% on year to 34,200 tonnes in April’21
According to the data found by the US Census Bureau, the United States aluminium scrap imports from Canada stood at 34,200 tonnes in April 2021. That stood flat compared to 34,800 tonnes in March but up by 16.72 per cent from 29,300 tonnes in February. The imports in March recorded an increase of...
LME aluminium price closes lower at US$2497.50/t; SHFE price plunges by US$52/t to US$2984/t
Three-month LME aluminium closed 0.78 per cent lower at US$ 2,485 per tonne on Tuesday, with open interest increasing 3,728 lots to 669,000 lots, and is expected to trade between US$ 2,470-2,530 per tonne today. LME aluminium cash (bid) price and LME official settlement price inched down by US$ 2...
Alumina spot price in China grows by RMB23/t after three days of restraint; A00 aluminium ingot price comes below RMB19500/t
The average alumina spot price in China has recorded an increase of RMB 23 per tonne on Wednesday, July 28, after remaining restrained for the past three days at RMB 2,520 per tonne. According to the Shanghai Metals Market data, the hike today has brought the average alumina spot price to RMB 2,543...
China's aluminium processors operating rates continue to fall by 4.3 percentage points as severe floods in Henan dampen buying interest
Major aluminium processors in China faced a downfall in operating rates last week by 4.3 percentage points to 66.5 per cent. In Henan, operating rates slumped 24.6 percentage points to 41 per cent, the sharpest decline among all regions, as local enterprises were forced to reduce or suspend...
Rusal’s 2Q2021 Result: Aluminium production grows marginally to 936,000 tonnes, sales climb 8% to 1.038MT
Rusal, the world's leading aluminium producer, has announced the operating results for the second quarter of 2021, mentioning that its aluminium production totalled 936,000 tonnes. That was up by 0.4 per cent quarter-on-quarter from 932,000 tonnes. Siberian smelters represented 93 per cent of...
Alumina production in Africa & Asia (ex-China) records M-o-M fall of 6% to 1.063MT in June 2021
In Africa & Asia (ex-China), alumina production during June 2021 stood at 1.063 million tonnes, reflecting a month-on-month downfall of 6.26 per cent from 1.134 million tonnes. However, on a year-on-year basis, the output stood higher by 4.83 per cent from 1.014 million tonnes. Africa & Asia’s...
ASI welcomes GUANGZHOU KINGKEE METAL MANUFACTURE CO., LTD as 180th Production & Transformation member
The Aluminium Stewardship Initiative has successfully welcomed GUANGZHOU KINGKEE METAL MANUFACTURE CO., LTD as a Production & Transformation member, bringing the total number of members to 180. GUANGZHOU KINGKEE METAL MANUFACTURE CO., LTD is deeply engaged in the aluminium industry for more than 20...
LME aluminium price nears US$2500/t; SHFE price climbs by US$11/t to reach at US$ 3036/t
Three-month LME aluminium closed 0.16 per cent lower at US$ 2,504 per tonne in the overnight trading yesterday, with open interest decreasing 1,056 lots to 665,000 lots, and is expected to trade between US$ 2,470-2,530 per tonne. LME aluminium cash (bid) price and LME official settlement price...
World alumina production reflects a Q-o-Q hike of 4% to 35.625MT in 2Q2021; Output in June drops 4% M-o-M
According to the recent data released by the International Aluminium Institute, world alumina production in June 2021 stood at 11.695 million tonnes. That was a month-on-month decline of 4.26 per cent from 12.216 million tonnes but a year-on-year increase of 6.14 per cent from 10.990 million...
Australian recyclers to start kerbside aluminium coffee capsules recycling facility
Australian recyclers, iQ Renew and CurbCycle, will reportedly partner with Mosman and Willoughby councils to facilitate a trial for aluminium coffee capsules recycling, which will help inform the development of a national coffee capsule recycling scheme, led by Planet Ark. Specially designed orange...
A00 aluminium ingot price in China grows above RMB19500/t; Aluminium alloys(ADC12) price gains RMB200/t
A00 aluminium ingot price in China has opened the week on Monday, July 26, with a surge of RMB 300 per tonne to come in at RMB 19,630 per tonne. The average prices are expected to range between RMB 19,610 per tonne and RMB 19,650 per tonne, with spot contract to be traded at a premium price of RMB...
Primary Aluminium Weekly Recap: LME aluminium price trended up this week to US$2449/t; South32 reported a 3% Q-o-Q rise in aluminium production in 4QFY21
The world primary aluminium market has been eventful this week right from reporting a hike in the LME aluminium benchmark price to marking five successful decades of the Gulf Aluminium Industry. Both LME aluminium cash (bid) price and LME official settlement price increased this week starting at...
