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 extends decline to RMB18820/t; Caustic soda (32% concentration) price gains RMB20/t
A00 aluminium ingot price in China has extended its decline by RMB 20 per tonne to come in at RMB 18,820 per tonne on Thursday, July 8, found the Shanghai Metals Market data. The average prices are expected to range between RMB 18,800 per tonne and RMB 18,840 per tonne, with spot contract to be...
China’s state metal reserves sold 50,000 tonnes of aluminium in just one day of two days auction on July 5-6
According to a report on Tuesday, July 6, China’s state metal reserves took only one of two days allotted of the auction to sell all the aluminium and copper that was on offer. Last month, the National Food and Strategic Reserves Administration announced that it would sell 50,000 tonnes of...
En+ Group’s Metals Segment teams with Ball Corporation to produce ultra-low carbon aerosols
On Wednesday, July 7, Rusal, the metals segment of En+ Group, the world’s largest producer of low carbon aluminium and independent hydropower, has announced that it has entered into a partnership agreement with Ball Corporation to produce aerosols and other containers, using ground-breaking inert...
Primary aluminium production in North America declines 5% YoY during May’21 but grows in South America by 36%
According to the International Aluminium Institute, primary aluminium production in North America stood at 329,000 tonnes during May 2021, reflecting a month-on-month increase of 2,000 tonnes or 0.61 per cent. In April, the output came in at 327,000 tonnes, down by 3.25 per cent from 338,000 tonnes...
Brazil’s Economy Ministry reports a 14% M-o-M rise in alumina exports during June 2021
According to the data released on Monday, July 5, by Brazil’s economy ministry, alumina exports from Brazil reflected a rise in June after registering a decline last month. In June, Brazil exported 816,785 tonnes of alumina, up by 20.13 per cent year-on-year from 679,916 tonnes. On a month-on-month...
LME aluminium price dropped US$10/t to close at US$2529.50/t; SHFE price plunged by US$49/t to US$2914/t
Three-month LME aluminium fell 2.03 per cent to close at US$ 2,506 per tonne on Tuesday. The contract is expected to trade between US$ 2,450-2,560 per tonne today. LME aluminium cash (bid) price and LME official settlement price dropped by US$ 10 per tonne to close at US$ 2,529.50 per tonne on...
Primary aluminium production in East & Central Europe grows 3% during May’21; Output in West Europe increases by 4%
According to the International Aluminium Institute data, primary aluminium production in East & Central Europe during May 2021 stood at 351,000 tonnes. That was an increase of 2.93 per cent or 10,000 tonnes from 341,000 tonnes a month ago. The output in March was a little higher than April at...
Novelis Plant in Korea receives ASI Performance Standard certification for responsible production of aluminium coil and sheet
Novelis plant in Yeongju, Korea, has bagged the ASI Performance Standard certification for recycling, re-melting, and manufacturing of aluminium coil and sheet activities. This news came after Aluminium Stewardship Initiative announced that it successfully certified Novelis Korea Limited plant at...
China’s aluminium processors report further decline in operating rates last week: Secondary alloy operating rates fall to 56%
Operating rates across major aluminium processors in China decreased slightly by 0.3 percentage point last week to stand at 73.1 per cent. Decline in orders, particularly in the real estate, transportation, and durable good sectors, with the arrival of traditional off-season contributed to this...
Hydro Extrusions agrees to sell Hydro Precision Tubing Lichtervelde plant to Aurelius Group
On July 2, 2021, Hydro Extrusions signed an agreement to sell 100% of Hydro Precision Tubing Lichtervelde (HPTL) to Aurelius Group as part of the significant restructuring measures taken to support performance and cash generation in Hydro Extrusions. The sale is expected to close during the third...
China’s A00 aluminium ingot price slows down its growth to RMB20/t; Aluminium alloys prices stand muted
On Tuesday, July 6, A00 aluminium ingot price in China has slowed down its growth to RMB 20 per tonne compared to the sharp rise of RMB 430 per tonne on the previous day. According to the Shanghai Metals Market, the price is standing at RMB 19,120 per tonne, with average prices expected to range...
North America’s alumina production during January-May drops 1.38% to 1.642MT but output in South America grows 11.8%
In May 2021, alumina production in North America stood at 329,000 tonnes, reflecting a month-on-month increase of only 2,000 tonnes or 0.61 per cent, found the International Aluminium Institute. In April, alumina production in North America was 327,000 tonnes, 3.25 per cent less than 338,000 tonnes...
Hindalco increases aluminium wire rod and billets prices by INR3500/t with effect from July 3
Hindalco Industries Limited further increased its aluminium wire rod and billets prices, although slower than the previous day, with effect from Saturday, July 3. Both aluminium wire rod and aluminium billets prices rose by INR 3,500 per tonne to come in at INR 230,350 per tonne and INR 226,350 per...
A00 aluminium ingot price in China soars above RMB19000/t; Aluminium alloy (A356) price builds-up RMB500/t
According to the Shanghai Metals Market, A00 aluminium ingot price has opened the week on Monday with a surge of RMB 430 per tonne, following consecutive declines in the past four days. Data shows the price is standing at RMB 19,100 per tonne as of July 5. The average prices are expected to range...
LME aluminium price grew US$38.50/t to close at US$2519.50/t; SHFE soared above US$2950/t
The LME complex performed similarly on Friday, with aluminium rose 1.93 per cent. LME aluminium cash (bid) price and LME official settlement price grew US$ 38.50 per tonne to close at US$ 2,519.50 per tonne on Friday, July 2. 3-months bid price and 3-months offer price rebounded to US$ 2,535 per...
Primary Aluminium Weekly Recap: NALCO reports a nine-fold leap in profit at INR 935.74 crore; Russia to impose export tax on aluminium
According to a report from the International Aluminium Institute this week, primary aluminium production in Africa grew 4.62 per cent month-on-month in May to stand at 136,000 tonnes. On a year-on-year calculation, the output stood 3,000 tonnes lower than 139,000 tonnes. In the first five months of...
LME aluminium price trended up this week by US$61.50/t to settle at US$2519.50/t; SHFE price decreased by US$40/t
LME aluminium cash (bid) price and LME official settlement price built-up US$ 61.50 per tonne this week ended on July 2. The week started on June 28 with an increase of US$ 7 per tonne in both LME aluminium cash (bid) price and LME official settlement price from US$ 2,451 per tonne to US$ 2,458 per...
China's primary aluminium inventories gain 2000 tonnes this week to stand at 876,000 tonnes: SMM
According to the Shanghai Metals Market, social inventories of primary aluminium gained 2,000 tonnes this week across eight major consumption areas, including SHFE warrants. Thus, the inventories came in at 876,000 tonnes as of Thursday, July 1. Last week on June 24, the inventories stood at...
