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.
EU suspends tariffs on US aluminium and steel; both countries seek long-term solutions to trade disputes
According to a recent report, the European Union and the United States mutually agreed to discuss and resolve trade disputes around aluminium and steel, which dates back to March 2018 when the former US President announced 10 per cent additional tariffs on aluminium and 25 per cent on steel imports...
China’s unwrought aluminium and aluminium products imports grow record high at 281,139 tonnes in April 2021
In April 2021, China’s unwrought aluminium and aluminium products imports rose 36.1 per cent month-on-month and 165.2 per cent on-year to come in at 281,139 tonnes. In March, the imports stood at 206,556 tonnes. China, the world’s leading aluminium producer, brought in a record amount of aluminium...
Alumina spot price in China gains RMB9/t to settle above RMB2400/t; A00 aluminium ingot price stands at RMB19860/t
The average alumina spot price in China has inched up by RMB 9 per tonne to settle at RMB 2,407 per tonne as of Tuesday, May 18, according to the Shanghai Metals Market. In Henan, the price has increased by RMB 15 per tonne to come in at RMB 2,410 per tonne, while the price in Shandong and Guizhou...
New Bulgari Aluminium Steve Aoki Special Edition Wristwatch launched
The Bulgari Aluminium Steve Aoki Special Edition has reportedly joined the recently relaunched Aluminium family of timepieces, the first generation of which was introduced in the late ’90s. The design of the watches was then influenced by the livery of Alitalia jumbo jets, matched an aluminium case...
Bahrain’s export value gains 59% to BD295 million in April 2021; Unwrought aluminium alloys export accounts for BD54 million
The value of Bahrain’s exports of national origin increased 59 per cent in April 2021 to BD295 million ($778 million), of which unwrought aluminium alloys accounted for BD54 million and aluminium wire non-alloyed BD12 million. During the same month last year, Bahrain’s export value of national...
A00 aluminium ingot price declines for the second consecutive day to RMB19660/t; Aluminium alloy(A356) price shrinks by RMB200/t
A00 aluminium ingot price in China has decreased for the second day in a row by RMB 160 per tonne to close the week on Friday, May 14, at RMB 19,660 per tonne, according to the Shanghai Metals Market. The average prices are expected to range between RMB 19,640 per tonne and RMB 19,680 per tonne,...
LME aluminium price extended downfall by US$51.50/t to US$2422.50/t; SHFE price shrank to US$3044/t
Three-month LME aluminium fell 1.68 per cent to close at US$ 2,554 per tonne on Thursday. It is expected to trade between US$ 2,400-2,480 per tonne today. LME aluminium cash (bid) price and LME official settlement price continued to decline for the third day in a row by US$ 51.50 per tonne to come...
Govt. approves Incentive Scheme for promoting battery storage manufacture; Use of domestic bauxite as raw material to grow
On Wednesday, May 12, the Union Cabinet approved the implementation of the Production Linked Incentive (PLI) Scheme 'National Programme on Advanced Chemistry Cell (ACC) Battery Storage’ for promoting battery storage manufacture at an estimated outlay of INR 18,000 crore. The proposal aims to...
China’s aluminium billet inventories slump 33,900 tonnes this week; SMM expects the downtrend to continue
Aluminium billet inventories in China decreased this week, ending on May 13, following a slight rise last week. According to the Shanghai Metals Market data, 6063 aluminium billet stocks shrank by 33,900 tonnes across the five major Chinese consumption areas to come in at 105,200 tonnes. SMM...
Hindalco’s aluminium ingot price sees a decline of INR1500/t with effect from May 12
Hindalco’s aluminium ingot and aluminium products prices witnessed a decline on Wednesday, May 12, following a rise on the previous day. The company reduced its aluminium ingot price by INR 1,500 per tonne to INR 215,500 per tonne with effect from May 12. On May 11, the price stood at INR 217,000...
Vedanta sharply cuts its aluminium wire rod and billet prices by INR7250/t as LME aluminium benchmark price shrinks
Vedanta Limited, a subsidiary of Vedanta Resources Limited, has sharply cut its aluminium products and aluminium ingot prices with effect from Thursday, May 13. Vedanta's aluminium wire rod price has come in at INR 217,000-224,500 per tonne, down by INR 7,250 per tonne from INR 224,250-231,750 per...
LME aluminium price shrinks 3% to close at US$2474/t; SHFE price declines by US$21/t to US$3068/t
Three-month LME aluminium fell 1.46 per cent to close at US$ 2,496 per tonne on Wednesday, May 12. It is expected that the contract will trade between US$ 2,450-2,520 per tonne today. LME aluminium cash (bid) price and LME official settlement price decreased for the second day in a row to stand at...
AAI calls for immediate implementation of 5% RoDTEP for Indian Aluminium Industry to tackle COVID Crisis
The Aluminium Association of India (AAI) has requested the implementation of RoDTEP Scheme (Remission of Duties or Taxes on Export Products) for Indian Aluminium Industry on an immediate basis. The news came after senior officials of the ministries of Commerce & Industry and Finance & Corporate...
China Hongqiao Group and Scholz Recycling JV to start a recycled aluminium producing plant in 2021
According to a recent report, the world’s top private-sector Chinese aluminium maker China Hongqiao Group will put a secondary aluminium plant into operation at its home province in Shandong at the end of 2021. The Group said it is a joint project with Germany’s Scholz Recycling. The facility will...
Constellium participates in Greenhouse Gas Emission Reduction Programme ACHIEF
Constellium NV, globally known for aluminium value-added products, announced on Monday, May 10, that it joined a European project ACHIEF - Innovative high-performance Alloys and Coatings for highly efficient intensive energy processes. The project was launched in October 2020, aiming at helping the...
NALCO’s aluminium ingot price mounts to INR214,350-217,850/t as LME aluminium benchmark price surges
National Aluminium Company Limited (NALCO) has sharply increased its aluminium ingot and aluminium products prices with effect from Tuesday, May 11. NALCO’s aluminium ingot price has witnessed a surge of INR 7,500 per tonne to range between INR 214,350-217,850 per tonne. More than a week ago, on...
A00 aluminium ingot price in China gains RMB160/t to settle at RMB19980/t; Aluminium alloys prices build-up by RMB100/t
A00 aluminium ingot price in China has recorded an increase of RMB 160 per tonne to stand at RMB 19,980 per tonne on Wednesday, May 12, following a plunge last day from RMB 20,030 per tonne to RMB 19,820 per tonne, according to the Shanghai Metals Market. The average prices are expected to range...
Nigerian Aluminium Smelter ALSCON set to return to full capacity as Government approves power supply
The Federal Government of Nigeria has reportedly approved a power supply to ALSCON, the Aluminium Smelter Company of Nigeria, to help it return to its full production capacity. The news came after the Minister of State for Mines and Steel Development Dr. Uchechukwu Sampson Ogah made an official...
