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.
King River able to become a significant high-value alumina producer, finds a prefeasibility study
A prefeasibility study (PFS) for high purity alumina (HPA) project in the Kwinana industrial area, West Australia, has found that ASX-listed King River Resources can be a significant producer of high-value purity alumina. The HPA project will use King River’s ARC process to produce the high purity...
Russian Ambassador’s visit to Klil in Israel seen as an opportunity for new collaborations in aluminium sector
Russian ambassador Anatoly Viktorov recently visited the Klil factory in Karmiel, along with his wife and the mayor of Karmiel Moshe Koninsky. During the visit, Viktorov revealed that he was a window installer in his youth and that he was extremely impressed by Klil’s advanced technology of...
A00 aluminium ingot price in China declines by RMB190/t on the news of primary aluminium release from state reserves
A00 aluminium ingot price in China has decreased by RMB 190 per tonne as the news released that country would release primary aluminium from state reserves to ease the metal price rally. According to the Shanghai Metals Market, China’s primary aluminium ingot price has come in at RMB 18,650 per...
China’s secondary aluminium production will reach 20 million tonnes by 2030, expects Rusal
Rusal 0486.HK expects China’s secondary aluminium production to almost triple by the end of 2030 if all announced recycling projects come into operation. Russian aluminium giant Rusal, the largest aluminium producer outside China, established an office in Shanghai last year, attempting to sell more...
China’s primary aluminium output declines nearly 1% in May 2021 due to power restrictions in Yunnan
China’s primary aluminium production fell month-on-month in May 2021 as restrictions on power consumption in the smelting hub of Yunnan forced production cuts, showed the National Bureau of Statistics on Wednesday, June 16. The world’s top producer of the metal produced 3.2 million tonnes in May,...
Operating rates across Chinese aluminium processors dipped 0.7 percentage point in week ended on June 11
Operating rates across major aluminium processors in China dropped 0.7 percentage point week-on-week to 75.7 per cent in the week ended on Friday, June 11. But aluminium wire and cable outperformed other sectors, buoyed by backlog orders. Aluminium foil companies’ operating rates also grew slightly...
LME aluminium price slid 1.82% to settle at US$2458.50/t; SHFE price closed 1.04% lower
Three-month LME aluminium fell 1.55 per cent to end at US$ 2,450 per tonne in the overnight trading yesterday, with open interest increasing 8,499 lots to 718,000 lots, and is expected to trade between US$ 2,450-2,500 per tonne today. LME aluminium cash (bid) price and LME official settlement price...
Rusal to participate in the buyback of Nornickel shares for raising additional funds
Leading global aluminium producer Rusal has applied to participate in the buyback of Nornickel shares, the world’s largest palladium and high-grade nickel producer and also a major producer of platinum and copper. Rusal is willing to participate in the repurchase of Nornickel shares to raise...
NALCO’s aluminium ingot price grows by over 2% to INR205650-209150/t with effect from June 11
National Aluminium Company Limited (NALCO) increased its aluminium ingot and aluminium products prices with effect from Friday, June 11, following a cut on June 8. NALCO raised its aluminium ingot price by INR 4,700 per tonne or 2.3 per cent to INR 205,650-209,150 per tonne. On June 8, NALCO’s...
US judge rejects Russian aluminium tycoon Oleg Deripaska’s lawsuit against US sanctions
According to a recent report, Russian oligarch Oleg Deripaska’s lawsuit against the United States over sanctions imposed on the billionaire has been dismissed by a US judge. The latter reasoned that Deripaska’s claims against Washington’s actions lacked merit. Oleg Deripaska’s global aluminium...
Vedanta’s aluminium ingot price sees a further rise of INR1750/t with effect from June 15
Vedanta Limited has further increased its aluminium ingot and aluminium products prices for the fifth time in a row, with effect from Tuesday, June 15. Vedanta’s aluminium ingot price has been raised by INR 1,750 per tonne or 0.80 per cent to INR 211,250-224,250 per tonne as of June 15. On...
Bauxite (6.5≤Al/Si＜7.5) price in Guizhou closes RMB10/t higher at RMB370/t; A00 Aluminium Ingot price builds-up RMB140/t
According to the Shanghai Metals Market data, bauxite (6.5≤Al/Si＜7.5) price in Guizhou has climbed by RMB 10 per tonne to come in at RMB 370 per tonne on Tuesday, June 15. The average prices are expected to range between RMB 340-400 per tonne Bauxite (4.5≤Al/Si＜5.5) price in Henan has grown by RMB...
US aluminium plates, sheets and bars exports to Mexico grow 21.5% M-o-M in March 2021; Total exports in Q1 down 6.36%
The United States aluminium plates, sheets and bars exports to Mexico stood at 26,500 tonnes in March 2021, reflecting a month-on-month increase of 4,700 tonnes or 21.56 per cent, found the Shanghai Metals Market data. In February, however, the US aluminium flat rolled products exports to Mexico...
China plans to release about 900,000 tonnes of primary aluminium from state reserves to ease price rally
According to a report last week, China is preparing to release 800,000-900,000 tonnes of primary aluminium from its state reserves in early July to ease the incessant hike of the metal price. The news came after consultancy CRU said in a note to clients. Shanghai primary aluminium price is...
LME aluminium price built-up US$20/t to reach US$2490/t; SHFE market is closed for Dragon Boat Festival
LME aluminium benchmark price grew 0.81 per cent on Friday, June 11. On the previous day, the price stood at US$ 2,470 per tonne, gaining 0.45 per cent from the previous day. On Friday, June 11, LME aluminium cash (bid) price and LME official settlement price increased for the sixth day in a row by...
Vedanta increases its aluminium wire rod price for the fourth time in a row by INR2500/t on June 12
Vedanta Limited increased its aluminium products and aluminium ingot prices for the fourth time in a row with effect from Saturday, June 12. Vedanta’s aluminium wire rod price came in at INR 217,000-224,500 per tonne, up by INR 2,500 per tonne or 1.16 per cent from INR 214,500-222,000 per tonne on...
End User Weekly Recap: Fiat Automobiles to entirely move to electric vehicles by 2030; Audi adopts green aluminium wheels
From transport to packaging, developments have touched upon various sectors of the aluminium end-user this week. Let us take a look at each of them. According to report, Fiat Automobiles S.p.A. is planning to entirely move to electric vehicles by 2030. The Italian automotive giant also plans to...
Primary Aluminium Weekly Recap: LME aluminium price rallied to US$2470/t; China’s primary aluminium output climbed 2.5% in May
This week during June 7-11 has been eventful for the primary aluminium market as well as for AlCircle as the latter could announce the first set of confirmed participants for the upcoming AlCircle Expo 2021. Coming to the market news, Chinese aluminium giant Chinalco announced its aim of bringing...
