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.
India’s bauxite imports incur a loss of INR 390 crore in Q1 2021, IIVCC data shows
Indian Industrial Value Chain Collective (IIVCC), a group representing organisations involved in the industrial production and consumption supply chain activities across India, released data on Tuesday, June 22, indicating India’s loss from bauxite import activities. In Q1 2021, the country...
World primary aluminium production rebounds from the loss to 5.744 million tonnes in May 2021: IAI
According to the International Aluminium Institute data, world primary aluminium production in May 2021 rebounded at 5.744 million tonnes, reflecting an increase of 3.63 per cent from 5.543 million tonnes in April. On a year-on-year calculation, world primary aluminium production in May edged 5.78...
Vedanta Limited reduces its aluminium product prices by INR1500/t with effect from June 22
Vedanta Limited has further reduced its aluminium products prices, although lower than the previous, with effect from Tuesday, June 22. Vedanta has cut its aluminium wire rod price by INR 1,500 per tonne or 0.71 per cent from INR 211,000-218,500 per tonne on June 19 to INR 209,500-217,000 per tonne...
A00 aluminium ingot price grows RMB130/t to settle above RMB18500/t; Aluminium alloy (A356) price gains RMB200/t
According to the Shanghai Metals Market, A00 aluminium ingot price has gained RMB 130 per tonne to close above RMB 18,500 per tonne. On Tuesday, June 22, the price is standing at RMB 18,510 per tonne, with average prices expected to range between RMB 18,490 per tonne and RMB 18,530 per tonne. The...
LME aluminium price further dwindled by US$20.50/t to settle at US$2353.50/t; SHFE edged higher at US$2863/t
Three-month LME aluminium closed 0.69 per cent higher at US$ 2,402 per tonne on Monday, and is expected to trade between US$ 2,380-2,450 per tonne today. LME aluminium cash (bid) price and LME official settlement price opened the week on Monday, June 21, with a further downfall of US$ 20.50 per...
PPG to expand coatings manufacturing capacity to help meet the growing demand for aluminium can coatings
The United States-based paint and speciality material supplier PPG is reportedly investing in expanding the capacity of manufacturing coatings at two of its plants in Netherlands and Poland, in a bid to meet the increasing demand for aluminium and steel cans coatings in the beverage, food, and...
Vedanta Aluminium opens a 200-bedded COVID Hospital in Odisha
Vedanta Aluminium Power and Business, India’s largest producer of aluminium and aluminium value-added products, has given a 200-bedded state-of-the-art COVID Hospital to the people of Odisha for timely and proper treatment to the critically ailing patients. Odisha Chief Minister Shri Naveen Patnaik...
LME aluminium price extends decline by 2% to US$2374/t; SHFE price reduces to US$2836/t
Three-month LME aluminium decreased 4.41 per cent to end at US$ 2,352 per tonne on Thursday night, with open interest losing 1,771 lots to 697,000 lots, and is expected to trade between US$ 2,320-2,420 per tonne today. LME aluminium cash (bid) price and LME official settlement price extended...
A00 aluminium ingot price in China sheds RMB170/t; Aluminium alloy(A356) price stands below RMB19000/t
Monday, June 21, marks the fourth consecutive day for the decline in A00 aluminium ingot price in China since the country announced to release about 900,000 tonnes of the metal from state reserves. According to the Shanghai Metals Market, the price has decreased by RMB 170 per tonne to come in at...
Downstream Weekly Recap: Russian Ambassador’s visit to Klil seen as new collaborations opportunity in aluminium sector; Aluminium billet inventories built-up 14%
From Russian Ambassador’s visit to Klil in Israel to the fair possibility of trade dispute resolve between the EU & US concerning aluminium tariffs, the global downstream aluminium market has witnessed a plethora of events this week from June 14 to June 18. Russian ambassador Anatoly Viktorov...
Bauxite Weekly Recap: Canyon Resources appoints André Henry as Director of Port and Rail; Guinea to expand bauxite production on SMB railway commissioning
The world bauxite market this week during May 14-18 witnessed a myriad of events starting from Compagnie des Bauxites de Guinée’s (CBG) official launch of new visual identity to the appointment of André Henry by Canyon Resources Limited as Director of Port and Rail for Camalco SA. Compagnie des...
LME aluminium price downturned this week to US$2374/t; SHFE price slid by US$109/t to US$2867/t
Three-month LME aluminium rose 1.08% to settle at US$2,488.5 per tonne in the overnight trading on Monday, with open interest losing 4,958 lots to 710,000 lots. On Tuesday, the price fell 1.55 per cent to end at US$ 2,450 per tonne in the overnight trading but increased the day next by 0.98 per...
Vedanta further lowers aluminium wire rod and billet prices by INR4250/t on June 19
Vedanta Limited has reported that it has reduced its aluminium products and aluminium ingot prices for the second time in a row on Saturday, June 19. The company has updated that it is now selling its aluminium wire rod at INR 211,000-218,500 per tonne – 2 per cent or INR 4,250 per tonne lesser...
Chinese carbon emission peak by 2030 needs renewable energy adaption for aluminium industry: CRU
According to a team of analysts at London-based business intelligence company CRU, China will need to shift to renewable energy for achieving carbon neutrality, particularly for the aluminium industry, where renewable power is expected to rise from the current 16 per cent to 27 per cent by 2030....
Alcoa details decarbonise plans for alumina refining; $2-5 billion investment by all Australian refineries will cut 70% emissions
Alcoa Corporation has laid out a detailed plan of leveraging renewable energy to refine alumina in an attempt to cut 70 per cent of carbon emissions. Among Australia’s emissions-intensive exports, alumina and aluminium are the highest at risk for carbon border tariffs that the European Union is set...
Guinea to expand bauxite production and export to China on commissioning of SMB railway project
Guinea, known for having the world’s largest bauxite reserves, is set to expand production after the Societe Miniere de Boke’s (SMB) railway project is complete linking Santou II and Houda blocks to the Port of Dapilon. The railway project has been inaugurated on Wednesday, June 16, whereby...
LME aluminium price closed lower for the third day in a row at US$2427.50/t; SHFE declined to US$2867/t
Three-month LME aluminium decreased 4.41 per cent to end at US$ 2,352 per tonne on Thursday night, with open interest losing 1,771 lots to 697,000 lots, and is expected to trade between US$ 2,320-2,420 per tonne today. LME aluminium cash (bid) price and LME official settlement price decreased for...
Aluminium billet inventories in China build-up 14% this week to 100,700 tonnes: SMM
According to the Shanghai Metals Market, aluminium billet inventories in China have built-up 12,400 tonnes or 14 per cent from a week ago to come in at 100,700 tonnes as of Thursday, June 17. With aluminium prices still fluctuating at a high level, there has been a seasonal weakening of...
