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.
Alumina spot price in China grows for the second consecutive day to RMB2449/t; A00 aluminium ingot price sheds RMB110/t
The average alumina spot price in China has recorded a rise for the second day in a row, albeit lower than the previous day, by RMB 18 per tonne, found the Shanghai Metals Market. So, as of Monday, May 24, the price is standing at RMB 2,449 per tonne. In Shanxi, alumina price has increased by RMB...
Weekly Downstream Recap: EU suspends tariffs on US aluminium & steel; Indian companies cut aluminium products prices
The global downstream aluminium sector has been eventful this week, with the European Union’s decision to suspend tariffs on the United States aluminium and steel exports to Constellium, a global manufacturer of aluminium rolled products, announcing new members to the Board and China’s unwrought...
Weekly alumina update: China’s alumina price gains RMB33/t; Alcoa receives $8.8 million grant for renewable energy use in alumina refining
The average alumina spot price in China recorded total growth of RMB 33 per tonne this week on Tuesday, May 18, and Friday, May 21, while on the other days remained muted, according to the Shanghai Metals Market data. Other major activities in the global alumina sector included Alcoa Corporation...
Vedanta reduces its aluminium wire rod & billet prices by over 2% with effect from May 20
Vedanta Limited has decreased its aluminium products and aluminium ingot prices on May 20, following a raise on a day ago. Vedanta is now selling its aluminium wire rod at INR 210,000-217,500 per tonne, which is INR 5,500 per tonne or 2.5 per cent less than INR 215,500-223,000 per tonne on May 19....
World primary aluminium production shrinks 3% M-o-M to 5.56MT in April but increases 5% over the year
World primary aluminium production stood at 5.560 million tonnes in April 2021, reflecting a month-on-month downfall of 3.20 per cent from 5.744 million tonnes, showed the International Aluminium Institute. On a year-on-year calculation, the output in April edged higher by 5.26 per cent from 5.282...
LME aluminium price inched down by $10.50/t to close at $2392/t; SHFE fell for the third day in a row to $2893/t
Three-month LME aluminium fell 2.49 per cent to close at US$ 2,554 per tonne on Thursday. It is expected to trade between US$ 2,400-2,480 per tonne today. The contract will keep fluctuating weakly following SHFE aluminium. LME aluminium cash (bid) price and LME official settlement price continued...
China’s aluminium billet inventories shrink 15.8% to stand below 100,000 tonnes this week: SMM
Shanghai Metals Market data showed that aluminium billet inventories decreased by 16,600 tonnes or 15.8 per cent week-on-week across the five major consumption areas in China. That brought the inventories to 88,600 tonnes on May 20, compared to 105,200 tonnes on May 13. The fall in aluminium billet...
Hindalco’s aluminium wire rod and billets prices experience further cut of INR3500/t on May 20
Hindalco Industries Limited has been reducing its aluminium products and aluminium ingot prices since last Wednesday, May 12, in tandem with the downfall of the LME aluminium benchmark price. The company has cut its aluminium wire rod price yet again with effect from May 20, bringing the price to...
Primary aluminium inventories in China extend decline to 1.02 MT as purchase increases on price plunge
Shanghai Metals Market found a week-on-week decline of 41,000 tonnes in primary aluminium ingot inventories to stand at 1.02 million tonnes as of Thursday, May 20. Stocks fell across eight major consumption areas in China except for Chongqing as the last two consecutive days of decrease in A00...
Vedanta increases aluminium ingot price by INR1500/t w.e.f. May 19 after two consecutive cuts last week
Vedanta Limited has increased its aluminium ingot and aluminium products prices by INR 1,500 per tonne with effect from Wednesday, May 19, following two consecutive cuts last week on May 13 & 15. Vedanta’s aluminium ingot price has come in at INR 208,000-221,000 per tonne compared to INR...
A00 aluminium ingot price in China plummets by RMB440/t amid muted input costs: SMM
A00 aluminium ingot price in China has recorded a sharp fall of RMB 440 per tonne on Thursday, May 20, to come in at RMB 19,110 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 19,090 per tonne and RMB 19,130 per tonne, with spot contract to be...
LME aluminium price plunged by US$65.50/t after three days of hike; SHFE price fell sharply by 3.31% to US$2950/t
Three-month LME aluminium fell 1.48 per cent to close at US$ 2,429.50 per tonne on Wednesday, May 19. It is expected that the contract will trade between US $2,350-2,450 per tonne today. LME aluminium cash (bid) price and LME official settlement price plunged by US$ 65.50 per tonne after the last...
Century Aluminum elects John Dezee as Executive Vice President and Matt Aboud as Senior Vice President
Century Aluminum Company has reportedly elected two new officers – John Dezee as Executive Vice President, General Counsel and Secretary and Matt Aboud as Senior Vice President, Strategy and Business Development. Both the officers will assume new roles on an immediate basis. Mr Dezee joined Century...
NALCO’s aluminium wire rod and billets prices cut by INR8800/t in line with W-o-W decline in LME aluminium benchmark price
National Aluminium Company Limited (NALCO) has sharply reduced its aluminium products and aluminium ingot prices with effect from Wednesday, May 19, following a significant hike in prices on May 11. With the latest cut, NALCO’s aluminium wire rod price has come in at INR 209,050-213,400 per tonne,...
New Zealand Aluminium Smelter releases environmental monitoring reports; Compliant with all environmental rules
The New Zealand Aluminium Smelter at Tiwai Point is confident in its environmental record after releasing 25 years of monitoring reports on Tuesday, May 18, to prove its commitment toward transparency and collaboration. The company has confirmed that it expects to release the contamination of soil...
China's major aluminium processors of extrusion to secondary alloy witness growth in operating rates, thanks to demand recovery in real estate
Operating rates at major aluminium processors in China increased 1.7 percentage points last week ended on May 14, with aluminium extrusion segment witnessing the biggest rise driven by demand recovery in the construction sector. Operating rates in the aluminium wire and cable industry rebounded...
LME aluminium price settled higher for the third consecutive day at US$2468/t; SHFE declined 1.07% to US$3051/t
Three-month LME aluminium fell 1.22 per cent to close at US$ 2,466 per tonne on Tuesday, May 18. As the US dollar index continued to weaken in the near term, it is expected that LME aluminium will try to continue to repair the recent decline today. It is expected to trade between US$ 2,450-2,550...
Mike Bless to retire as President and CEO of Century Aluminum; Jesse Gary being appointed as his successor
Century Aluminum announced on Monday, May 17, that Mike Bless would retire as President and Chief Executive Officer and also step down from the board on July 1, 2021. He served Century Aluminum for 15 years, including nearly 10 years as CEO. Mr. Bless will now continue to provide his guidance and...
