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.
China’s aluminium wires and cables exports decline 61% in March 2021 due to lower domestic export orders
In March 2021, China’s aluminium wires and cables exports stood at 10,600 tonnes, reflecting a month-on-month decline of 4.1 per cent and year-on-year 61 per cent, found China customs data. The export value reached $27.374 million in the said month. In Q1 2021, China exported about 37,500 tonnes of...
NALCO increases aluminium wire rod and billets prices for the third consecutive week by INR3800/t
National Aluminium Company Limited (NALCO) has expanded its aluminium products and aluminium ingot prices with effect from Tuesday, April 27. This marks the third consecutive week of NALCO’s aluminium price hike. With the latest raise, NALCO’s aluminium wire rod price has come in at INR...
Rusal’s aluminium production in March quarter drops 2% QoQ to 932,000 tonnes; Sales decrease 6.4% to 962,000 tonnes
On Tuesday, April 27, Rusal announced that its aluminium production in the first quarter of 2021 stood at 932,000 tonnes, with Siberian smelters representing 93 per cent of the total aluminium output. The production in Q1 reflected a quarter-on-quarter drop of 1.9 per cent from 950,000 tonnes and...
Alumina spot price in China sheds RMB26/t after growing two days in a row; A00 aluminium ingot price closes lower at RMB18400/t
After growing for the past two consecutive days from RMB 2,340 per tonne to RMB 2,375 per tonne, the average alumina spot price in China has shed RMB 26 per tonne on Wednesday, April 28, to settle at RMB 2,349 per tonne, according to the Shanghai Metals Market. In Shanxi, the price has plunged by...
Alumina production in West Europe grows 2% Q-o-Q to 1.409MT in Q1 2021; But output in East & Central Europe declines 5%
According to the International Aluminium Institute (IAI) data, alumina production in West Europe stood at 491,000 tonnes in March 2021. That recorded a month-on-month increase of 11.85 per cent from 439,000 tonnes while flat over the year compared to 489,000 tonnes. West Europe’s alumina production...
Hydro’s Adjusted EBITDA from Primary Aluminium climbs 25% in Q1 2021; Aluminium production grows 2% YoY
Hydro Energy and Hydro Extrusions business areas reported record quarterly results based on strong global economic recovery that boosted demand for renewable energy, aluminium, and aluminium products. According to the report released, Hydro’s primary aluminium production in Q1 2021 stood at 539,000...
Hydro’s bauxite production improves 10% to 2.813MT in Q1 2021; Revenue grows 7% to NOK 31,951 million
Norsk Hydro ASA has reported the first-quarter results of 2021, revealing that its revenue stood at NOK 31,951 million, an increase of 7 per cent quarter-on-quarter from NOK 29,823 million and 1 per cent year-on-year from NOK 31,609 million. Adjusted EBITDA grew 53 per cent from the previous...
LME aluminium price climbed US$14.5/t to settle at US$2388/t; SHFE price grew to US$2854/t
Three-month LME aluminium climbed 1.48 per cent to settle at US$ 2,404 per tonne on Monday, and is expected to move between US$ 2,390-2,410 per tonne today. LME aluminium cash (bid) price and LME official settlement price gained US$ 14.50 per tonne to stand at US$ 2,388 per tonne on Monday, April...
World alumina production grows 4.35% to 34.199MT in Q1 2021; Output in March improves by 11.41% M-o-M
According to the International Aluminium Institute, world alumina production in March 2021 stood at 11.832 million tonnes, bringing the total output to 34.199 million tonnes in the first quarter of 2021. The production in March reflected a hike of 11.41 per cent month-on-month from 10.620 million...
Canada’s aluminium crude metals and alloys exports to the US grow 11.45% in Feb'21; US total imports dwindle by 3%
Canada’s aluminium crude metals and alloys exports to the United States stood at 185,000 tonnes in February 2021, reflecting a month-on-month increase of 19,000 tonnes or 11.45 per cent, according to the latest data shown by the US Geological Survey. In January, Canada exported 166,000 tonnes of...
EU anti-dumping duties result in 22% decline in China’s March 2021 aluminium extrusion export
In March 2021, China exported 58,000 tonnes of aluminium extrusion, which reflected a 2 per cent month-on-month decline and 22 per cent on year, according to the latest customs data. The year-on-year downfall is analysed as an outcome of the lower exports due to the COVID-19 pandemic compared to...
China alumina spot price grows to RMB2352/t after more than a week-long restraint; A00 aluminium ingot price jumps by RMB140/t
After remaining restrained for the past ten days, the average alumina spot price in China has recorded an increase of RMB 12 per tonne to stand at RMB 2,352 per tonne on Monday, April 26, found the Shanghai Metals Market. In Shanxi, alumina price has grown by RMB 15 per tonne to RMB 2,360 per...
Indian Scientists develop a new cost-effective aluminium scrap recycling technology, inspired by ‘Make in India’ initiative
According to a recent report, a team of scientists in India has developed a new cost-effective and efficient aluminium scrap recycling technology that reduces material losses in the process. This new technology can be used by tiny & cottage industries, small-scale industries, MSME aluminium...
UK-based asset manager Ashmore funds to sell stake in Pakistan aluminium can manufacturer
A group of funds managed by the UK-based asset manager Ashmore Investment Management Limited is planning to sell a part of their stake in a Karachi-based beverage packaging manufacturer Pakistan Aluminium Beverage Cans Limited (PABC). The funds are looking to sell 26 per cent of the stake through a...
Aditya Aluminium’s “Swabalmb” initiative lending help to become Self-Reliant
Hindalco’s Aditya Aluminium is reportedly conducting vocation trainings through its CSR project “Swabalmb” in Sambalpur’s Lapanga village to help people become self-reliant. The end objective is to make them employable. The project rolled out in October 2020 and until now, over 270 youngsters have...
Vedanta raises its aluminium wire rod and billets prices by INR3750/t on April 23
Vedanta Limited has raised its aluminium products and aluminium ingot prices by INR 3,750 per tonne with effect from Friday, April 23. Hence, the company is now selling its aluminium wire rod price at INR 213,250-220,750 per tonne compared to INR 209,500-217,000 per tonne on April 20. Vedanta’s...
Hindalco further grows its aluminium ingot price by INR2750/t with effect from April 23
Hindalco Industries Limited has further increased its aluminium ingot and aluminium products prices this week with effect from Friday, April 23. With the latest hike, Hindalco’s aluminium ingot price has come in at INR 206,000 per tonne, up by INR 2,750 per tonne or 1.35 per cent from INR 203,250...
LME aluminium price closed US$29/t higher at US$2373.50/t; SHFE price shed US$6/t to US$2801/t
Three-month LME aluminium settled 0.3 per cent lower at US$ 2,358.50 per tonne on Thursday, April 22, and is expected to move between US$ 2,340-2,390 per tonne today. LME aluminium cash (bid) price and LME official settlement price increased by US$ 29 per tonne to stand at US$ 2,373.50 per tonne on...
