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.
LME aluminium price settled US$5/t higher at US$2417.50/t; SHFE price climbed to US$2897/t
Three-month LME aluminium edged down 1.41 per cent to close at US$ 2,420.5 per tonne last night, and is likely to trade between US$ 2,410-2,460 per tonne today as the lower US dollar supports commodity prices. On Monday, June 7, LME aluminium cash (bid) price and LME official settlement price...
Rusal targets 1Q2022 to spin-off its higher carbon assets
Russian aluminium producer Rusal 0486.HK has targeted the first quarter of 2022 as its timeline to complete the demerger of higher-carbon assets into a separate company. This news came after the company’s head of strategy Oleg Mukhamedshin officially told Reuters. "At this stage, management is...
Fiat Automobiles to entirely shift to electric vehicles by 2030
Fiat Automobiles S.p.A. is planning to entirely move to electric vehicles by 2030, according to its statement on June 6, 2021. The Italian automotive giant also plans to phase out combustion engine vehicles starting in 2025. "It is our duty to bring to market electric cars that cost no more than...
Vedanta increases its aluminium wire rod and billet prices by INR1750/t with effect from June 5
Vedanta Limited increased its aluminium products and aluminium ingot prices on Saturday, June 5, the next day after it cut the prices by INR 5,000 per tonne. The company expanded its aluminium wire rod price by INR 1,750 per tonne or 0.84 per cent to INR 211,000=218,500 per tonne, with effect from...
Alumina price in China increases by RMB9/t after an intermittent restraint; Primary ingot price jumps above RMB18500/t
The average alumina spot price has continued to increase after an intermittent restraint on Friday, June 4. According to the Shanghai Metals Market, the price on June 7 has gained RMB 9 per tonne to come in at RMB 2,485 per tonne. In Shandong, alumina price has climbed by RMB 20 per tonne to RMB...
End User Weekly Recap: CANPACK reports 21% growth in its beverage can bodies volumes; Colgate rolls out aluminium toothbrush
Starting from the launch of the world’s first electric motorcycle to toothbrush made of aluminium, end user sector has been through an eventful week during May 31-June 4. NawaRacer, the world’s first electric motorcycle is planning to launch in the coming months, but as per our report, it will hit...
Bauxite Weekly Recap: Ghana develops additional bauxite mines in Nyinahin and Kyebi, India’s untapped bauxite reserves to play a pivotal role
Bauxite market this week saw a few developments such as Ghana’s confirmation on the ongoing process of expanding the existing bauxite mine in Awaso and developing additional mines in Nyinahin and Kyebi. The West African nation Ghana, which ranks as one of the fastest-growing economies in Africa and...
LME aluminium price slowed down this week to settle at US$2412.50/t; SHFE price closed lower at US$2854/t
LME aluminium cash (bid) price and LME official settlement price started this week on Tuesday, June 1, with a surge of US$ 57 per tonne to US$ 2,461.50 per tonne from US$ 2,404.50 per tonne on Friday, May 28. On Wednesday, June 3, the price decreased by US$ 19.50 per tonne to come in at US$ 2,442...
Colgate rolls out aluminium toothbrush to convince customers for lesser use of plastic
Toothbrush made of aluminium is now available in the market, thanks to Colgate. Called the Link Replaceable Head Toothbrush, Colgate has rolled out a toothbrush with aluminium handle in a bid to convince consumers to cut down the use of plastic. The product claims to use 80 per cent less plastic...
European aluminium makers fear a demand drop as auto sales fall below pre-pandemic levels
European aluminium and aluminium alloy producers have been seeing a strong demand from carmakers and original equipment manufacturers (OEMs) until now in 2021. But some market participants fear a dip in demand as auto sales continue to run below pre-pandemic levels. They also forecast a significant...
US aluminium scrap imports from Mexico stand 43% higher M-o-M in March 2021: USGS
In March 2021, the United States aluminium scrap imports from Mexico stood at 19,300 tonnes, indicating a month-on-month hike of 5,800 tonnes or 42.96 per cent, found the US Geological Survey. In February, the United States imported 13,500 tonnes of aluminium scrap from Mexico compared to 14,500...
Primary aluminium production in China estimated to grow until 2024: Antaike
State-backed research house Antaike said on Thursday, June 3, that primary aluminium production in China is expected to increase until 2024, after which secondary or recycled metal will claim a bigger share of consumption. China is by far the world’s biggest aluminium producer. In 2020, the country...
LME aluminium price extended downfall by 2.27%; SHFE price closed lower at US$2854/t
Three-month LME aluminium lost 1.23 per cent to settle at US$ 2,405 per tonne in the overnight trading, and is expected to trade between US$ 2,380-2,460 per tonne today. The strong US employment data and the concerns of currency policies boosted the US dollar and weighed on non-ferrous metals. Both...
China’s aluminium billet inventories grow 1.2% as downstream sector resists stocks on weaker aluminium prices
Aluminium billet inventories in China have inched up by 1,100 tonnes or 1.2 per cent week-on-week across the five major consumption areas, following the three consecutive weeks of decline. The inventories are thus standing at 89,400 tonnes as of June 3, according to the Shanghai Metals Market. The...
NALCO’s aluminium ingot price sees a sharp rise of INR8000/t or 4% with effect from June 1
National Aluminium Company Limited (NALCO) has sharply increased its aluminium ingot and aluminium products prices with effect from Tuesday, June 1, after three cuts in a row since May 19. NALCO has raised its aluminium ingot price by INR 8,000 per tonne or 4 per cent to INR 204,350-207,850 per...
Alumina spot price in China further gains RMB4/t to settle at RMB2476/t; A00 aluminium ingot price drops by RMB10/t
The average alumina spot price in China has extended its growth by RMB 4 per tonne to come in at RMB 2,476 per tonne on Thursday, June 3, found the Shanghai Metals Market. In Guizhou and Guangxi, alumina price has increased by RMB 15 per tonne to peg at RMB 2,430 per tonne, while the price in Henan...
Unit of Chaina Haida collaborates with KUB to supply and install aluminium cladding for projects in Southeast Asia
A unit of China Haida, CHD Engineering and Trading, has teamed with K-United Builder (KUB) to supply and install aluminium products for projects in Singapore and Malaysia. The first project is for a commercial building in Johor, Malaysia, worth S$1.68 million, that requires aluminium cladding and...
Hydro completes the sale of its aluminium rolling business to KPS Capital Partners
On Tuesday, June 1, Hydro completed the sale of its aluminium rolling business area to KPS Capital Partners, which is expected to strengthen Hydro’s position in low-carbon aluminium. Hydro President and CEO Hilde Merete Aasheim said, "Hydro's ambition is to lift profitability and drive...
