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 to continue release aluminium from state reserves in batches: Source
The National Development and Reform Commission (NDRC) said on Monday, July 19, that China would continue to release aluminium from state reserves to lower the metal price. In a rare move aimed at cooling a rally in metal prices that has moved up raw materials costs for Chinese downstream aluminium...
NALCO increases aluminium ingot price by INR1200/t to INR215250- 218750/t w.e.f. July 17
National Aluminium Company Limited (NALCO) increased its aluminium ingot and aluminium products prices by INR 1,200 per tonne or 0.55 per cent with effect from Saturday, July 17. That brought the aluminium ingot price to INR 215250- 218750 per tonne versus INR 214,050-217,550 per tonne on...
LME aluminium price dips by US$2/t to close at US$2493/t; SHFE price declines below US$3000/t
Three-month LME aluminium closed Friday trading at 0.88 per cent lower. LME aluminium cash (bid) price and LME official settlement price inched down by US$ 2 per tonne to stand at US$ 2,493 per tonne on Friday, July 16. Meanwhile, 3-months bid price and 3-months offer price remained restrained at...
LME aluminium price rose US$44/t this week to close at US$2493/t; SHFE price grew to US$3015/t
LME aluminium cash (bid) price and LME official settle price increased this week during July 12-16 by US$ 44 per tonne or 1.80 per cent despite two consecutive declines at the end of the week. The prices opened the week on Monday, July 12, at US$ 2,449 per tonne, decreasing by US$ 21 per tonne from...
Alcoa expects double-digit growth in sales on improved demand for aluminium across all end-use sectors
Alcoa Corporation expects double-digit growth in the sales of its value-added products this year based on the continued economic recovery and improved demand for aluminium across all end markets. The company forecasts an improvement in shipments across all segments. Bauxite is estimated to improve...
Rusal appoints ex-Deputy Prime Minister of Komi Republic as the Director of Sustainable Development
Rusal, a leading global aluminium producer, has announced the appointment of Irina Bakhtina as the Director of Sustainable Development. She will focus on the further implementation of Rusal’s sustainable development strategy across all divisions of the company and also work on the Group’s wider...
Alcoa reports highest profitability since inception with $309 million net income in 2Q2021
On Friday, July 16, Alcoa Corporation reported the highest profitability since inception in 2016 with record quarterly net income and earnings per share, attributing to strong aluminium pricing with improved customer demand, stable operational performance, and additional cash generation through...
_price_hit_RMB20,000_per_tonne_mark_0_0.png)
China’s aluminium alloy (A356) price hit RMB20,000/t mark on July 16; A00 aluminium ingot price grows to RMB19,410/t
According to the Shanghai Metals Market, aluminium alloys prices have closed the week on Friday, July 16, on a positive note across China. Aluminium alloy (A356) price has grown by RMB 150 per tonne to touch the mark of RMB 20,000 per tonne. The average prices are expected to range between RMB...
Xavier Institute of Management, Bhubaneswar blows minds by demonstrating innovative plans to reuse aluminium cans
In the Sustainable Circular Challenge organised by Ball Beverage Packaging India, a team of six students from Xavier Institute of Management, Bhubaneswar (XIMB) bagged the runners-up trophy by demonstrating effective ways to reuse aluminium cans. The Thinkers, as they call themselves, has devised...
China’s primary aluminium inventories continue to fall by 26,000 tonnes this week: SMM
According to the Shanghai Metals Market, China’s primary aluminium inventories continue to fall this week by 26,000 tonnes across eight major consumption areas, including SHFE warrants. Therefore, as of Thursday, July 15, China’s primary aluminium inventories have come in at 832,000 tonnes compared...
China’s primary aluminium output hit six-year highs at 19.64 million tonnes in 1H2021: NBS
According to the data released by the National Bureau of Statistics (NBS), China’s primary aluminium output hit multi-year highs at 19.64 million tonnes in the first half of 2021. That was up by 10.1 per cent from a year ago, as smelters were encouraged by aluminium prices well above break-even...
NALCO reduces its aluminium ingot price by over 1.5% to INR214,050-217,550/t w.e.f. July 14
National Aluminium Company Limited (NALCO) has decreased its aluminium ingot and aluminium products prices, following a hike last week, June 7. With effect from Wednesday, July 14, NALCO’s aluminium ingot price has come in at INR 214,050-217,550 per tonne, down by INR 3,700 per tonne or 1.7 per...
LME aluminium price closed 1.25% higher to reach above US$2500/t; SHFE price stood at US$2987/t
Three-month LME aluminium fell 0.36 per cent to close at US$ 2,517 per tonne on Wednesday. It is expected that the contract will trade between US$ 2,480-2,550 per tonne today. LME aluminium cash (bid) price and LME official settlement price grew further by US$ 31 per tonne or 1.25 per cent to stand...
Construction to start on Heesen’s 57-metre, all-aluminium superyacht project ‘Akira’ this year
According to a report on Wednesday, July 14, construction on Heesen’s 57-metre, all-aluminium superyacht project Akira is due to begin this year. The news came after the yard announced the yacht, which was first revealed at the 2019 Monaco Yacht Show, would begin construction at Heesen’s Oss...
Vedanta reports a 17% Y-o-Y hike in aluminium production to 549,000 tonnes in 1QFY22
On Wednesday, July 14, Vedanta reported that its aluminium production totalled 549,000 tonnes in the first quarter of FY2022 ended on June 30, 2021. That was an increase of 17 per cent from 469,000 tonnes in Q1 FY2021. As per the report released by the Company, the cast metal aluminium production...
Sanjeev Gupta battles to save its Belgian aluminium rolling mill from US equity firm AIP
A source reports that Sanjeev Gupta is making great efforts to lay hold of its Belgian aluminium rolling mill after a US private equity firm AIP took legal action in the UK to seize control. In an attempt to do so, Gupta’s metals group GFG Alliance, which is the subject of an investigation by the...
China’s A00 aluminium ingot price slips by RMB20/t after three days of hike; Aluminium alloy (A356) price grows to RMB19750/t
A00 aluminium ingot price in China has recorded a dip of RMB 20 per tonne on Wednesday, July 14, following the past three consecutive days of decline, found the Shanghai Metals Market. Therefore, the price is standing at RMB 19,140 per tonne, with average prices expected to range between RMB 19,120...
Hindalco Industries cuts its aluminium ingot price by 1% to INR212750/t on July 13
Hindalco Industries Limited decreased its aluminium ingot and aluminium products prices by INR 2,250 per tonne or 1 per cent with effect from Tuesday, July 13. This has brought the company’s aluminium ingot price to INR 212,750 per tonne from INR 215,000 per tonne on July 10. Hindalco Industries’...
