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.
NALCO’s aluminium ingot price grows for the fourth time in a row by INR1800/t with effect from May 1
National Aluminium Company Limited (NALCO) grew its aluminium ingot and aluminium products prices for the fourth time in a row with effect from Saturday, May 1, 2021. NALCO’s aluminium ingot price witnessed a hike of INR 1,800 per tonne or 0.88 per cent to INR 206,850-210,350 per tonne. Earlier on...
Hong Kong aluminium scrap imports from US record a Fivefold growth YoY in February 2021
Hong Kong imported 20,300 tonnes of aluminium scrap from the United States in February 2021, which was the same as the imports in January 2021, according to the US Geological Survey. However, on a year-on-year calculation, the imports edged 15,800 tonnes or 351 per cent higher than 4,500 tonnes....
Vietnam decides to continue anti-dumping duties on Chinese aluminium products
On Tuesday, May 4, Vietnam announced its decision to keep anti-dumping duties on Chinese aluminium products imports. The news came after the Ministry of Industry and Trade said that it decided to continue imposing anti-dumping duties with a tax rate from 4.39 per cent to 35.58 per cent on certain...
LME aluminium price edged 0.43% lower to $2434.50/t post-holiday; SHFE market remained closed for Labour Day Holiday
LME aluminium benchmark price recorded a decline of 0.43 per cent on Tuesday, May 4, from US$ 2,434.50 per tonne on April 30. The market was closed on May 3 for Early May Bank Holiday. LME aluminium cash (bid) price and LME official settlement price decreased by US$ 10.50 per tonne to close at US$...
US aluminium plates, sheets & bars exports to Canada decline by over 6% in February 2021
The United States exported 23,500 tonnes of aluminium plates, sheets and bars to Canada in February 2021, down by 1,700 tonnes or 6.75 per cent month-on-month, found the US Geological Survey data. In January, the United States’ exports to Canada stood at 25,200 tonnes by remaining flat compared to...
Rio Tinto's ISAL Aluminium Smelter bags ASI Performance Standard Certification with Provisional Status
Aluminium Stewardship Initiative has certified Rio Tinto's ISAL Aluminium Smelter in Iceland (ISAL) against its Performance Standard certification with Provisional Status. Aluminium billets produced at ISAL is destined for use in buildings and construction, automotive, printing, and packaging. ASI...
Alufluoride commences new expanded aluminium fluoride plant at Visakhapatnam
Alufluoride Limited has reportedly started the commercial production of Aluminium Fluoride plant at Visakhapatnam with effect from Saturday, May 1. The news came after the company informed the exchange regarding the commencement of its business operations. Alufluoride confirmed that it would...
LME aluminium price rose 0.53% to close at US$2,445/t; SHFE market is closed for Labour Day Holiday
LME aluminium benchmark price edged 0.53 per cent higher on Friday, April 30, from US$ 2,432 per tonne on April 29. LME aluminium cash (bid) price and LME official settlement price continued to rise by US$ 13 per tonne to stand at US$ 2,445 per tonne on Friday, April 30. 3-months bid price and...
Rio Tinto reports 36,000 tonnes more spent cell lining found at Tiwai Point Aluminium Smelter
Rio Tinto has reportedly estimated about 217,000 tonnes of spent cell lining at the Tiwai Point aluminium smelter, around 20 per cent more than the previously reported amount of 181,000 tonnes. This additional amount was found in a report audit, which was part of the smelter’s annual financial...
Long-running rally of Chinese aluminium prices is turning into a disadvantage, nonferrous metal body warns
Aluminium producers in China have been reportedly generating the best profits in years due to the long-running rally of metal prices, driven by global economic recovery from the COVID-19 pandemic and rising demand. But amid this positive impact, the incessant surge in prices, on the other hand, is...
Hindalco expands its aluminium ingot price for the third consecutive time by INR2250/t with effect from April 30
Hindalco Industries Limited has further expanded its aluminium ingot and aluminium products prices for the third time in a row. The last hike was a week ago, on April 23, by INR 2,750 per tonne. This week the prices have witnessed a hike of INR 2,250 per tonne with effect from Friday, April 30....
A00 aluminium ingot price in China reaches a new high of RMB18830/t; Aluminium fluoride price plunges by RMB550/t
A00 aluminium ingot price in China has reached a new high of RMB 18,830 per tonne on Friday, April 30, expanding further by RMB 100 per tonne after a surge of RMB 330 per tonne on the previous day, found the Shanghai Metals Market. The average prices are expected to range between RMB 18,810 per...
Pre-launch alert: AlCircle to publish an e-Magazine on “Aluminium Industry 4.0: Drivers & Change Makers of 2021”
As we continue to discover the importance of Industry 4.0 or the Fourth Industrial Revolution in the manufacturing and industrial sector, including the aluminium industry, AlCircle is determined to come up with the third edition of e-Magazine on “ Aluminium Industry 4.0: Drivers & Change Makers of...
Aluminium billet inventories in China decline 28,700 tonnes W-o-W on enthusiastic purchase even amid price hike
According to the Shanghai Metals Market, 6063 aluminium billet inventories in China have decreased by 28,700 tonnes week-on-week across the five major consumption areas as of Thursday, April 29. SMM data shows the billet stocks have totalled 134,000 tonnes today compared to 162,800 tonnes last...
AMAG announces increase in revenue to EUR 251.2 million on solid aluminium shipment during 1Q2021
AMAG Austria Metall AG announced that the first quarter of 2021 showed positive trends for the company, with revenue increased 1.95 per cent year-on-year to EUR 251.2 million. The company attributed the growth to a solid shipment volume of 98,500 tonnes and higher aluminium prices. However, about...
Chalco records five-year high net profit of RMB 966.7 million in 1Q2021 beating Russian rival’s aluminium output
Aluminum Corporation of China Limited, popularly known as Chalco, announced on Tuesday, April 27, that its net profit in Q1 2021 recorded a thirtyfold year-on-year surge and stood five-year high at RMB 966.7 million ($149 million), driven by aluminium price growth to decade peaks and production...
Three-month LME aluminium inches up 0.04% to touch US$2400/t mark; SHFE price surged to US$2886/t
Three-month LME aluminium inched up 0.04 per cent to settle at US$ 2,400 per tonne on Wednesday. Shrinking LME aluminium stocks and recovering overseas economy lent support to LME aluminium. It is expected to fluctuate between US$ 2,390-2,410 per tonne today. LME aluminium cash (bid) price and LME...
Rusal’s bauxite production records a 7.4% growth Q-o-Q while alumina output declines 4.5% in Q1 2021
Rusal has announced the first quarter of 2021 results, reporting that its bauxite production rose 7.4 per cent quarter-on-quarter and 6.3 per cent year-on-year to stand at 3.801 million tonnes. Rusal’s bauxite minings in Guinea produced 2.025 million tonnes in Q1 2021, while Russia and Jamaica...
