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 decreased to US$2308.5/t after four consecutive days of hike; SHFE price edged lower at US$2768/t
Three-month LME aluminium slid 0.11 per cent to settle at US$ 2,318.50 per tonne last Friday. LME aluminium is likely to move between US$ 2,300-2,350 per tonne today. On Friday, April 16, LME aluminium cash (bid) price and LME official settlement price decreased to US$ 2,308.50 per tonne after the...
NALCO further expands its aluminium ingot price by INR7000/t with effect from April 16
National Aluminium Company Limited (NALCO) has again raised its aluminium ingot and aluminium products prices significantly after increasing them by INR 6,600 per tonne last week, April 9. With effect from April 16, NALCO’s aluminium ingot price came in at INR 201,250-204,750 per tonne, up by INR...
LME aluminium price skyrocketed to US$2308.50/t this week; SHFE price edged US$138/t higher to reach US$2789/t
Three-month LME aluminium edged down 0.09 per cent to settle at US$ 2267 per tonne on Monday, April 12, while on Tuesday, April 13, it settled 1.65 per cent higher at US$ 2304.50 per tonne. On Wednesday, April 14, three-month LME aluminium settled 1.02 per cent higher at US$ 2328 per tonne. LME...
Vedanta raises its aluminium products prices by over 3% in line with LME aluminium price surge above US$2300/t
Vedanta Limited has increased its aluminium ingot and aluminium products prices for the fifth time in a row with effect from Friday, April 16. In tandem with the continuous surge in LME aluminium benchmark price, the company has sharply increased the prices of its products by INR 7,000 per tonne...
Hydro signs a 15-year natural gas sourcing contract with New Fortress Energy for its Alunorte alumina refinery
On Thursday, April 15, Hydro reportedly signed a Memorandum of Understanding (MoU) with New Fortress Energy (NFE) for sourcing natural gas for its Alunorte alumina refinery. The objective is to replace a part of current fuel oil consumption with environmentally friendly energy, aiming at meeting...
Hindalco’s aluminium ingot price sees a sharp rise of INR7000/t with effect from April 16
Hindalco’s aluminium ingot and aluminium products prices have witnessed a steep growth after a week of last raise in tandem with incessant increase in LME aluminium benchmark prices. With effect from Friday, April 16, the company’s aluminium ingot price has come in at 202,500 per tonne, reflecting...
China’s primary aluminium inventories extend decline to 1.18 million tonnes this week
According to the Shanghai Metals Market, primary aluminium inventories in China extended decline this week by 45,000 tonnes across eight major consumption areas, including SHFE warrants, as of Thursday, April 15. Data showed the stocks stood at 1.18 million tonnes on April 15 in comparison with...
LME aluminium benchmark price soared above US$2300/t level to stand at US$2328/t; SHFE price grew to US$2789/t
The LME complex cruised higher on Thursday, April 15, including aluminium that gained 0.39 per cent. The benchmark LME aluminium price soared above US$ 2,300 per tonne level on April 15. Both LME aluminium cash (bid) price and LME official settlement price came in at US$ 2,328 per tonne on April...
China's alumina spot price inches up by RMB2/t after a month-long restraint; A00 aluminium ingot price expands to RMB18130/t
After remaining restrained for almost a month at RMB 2,338 per tonne, the average alumina spot price in China has inched up by RMB 2 per tonne to stand at RMB 2,340 per tonne on Friday, April 16, learned the Shanghai Metals Market. In Shanxi, the price has gained RMB 5 per tonne to come in at RMB...
Aluminium billet inventories in China shrink for the sixth week in a row to 165,200 tonnes: SMM
According to the Shanghai Metals Market, aluminium billet inventories in China have shrunk by 15,800 tonnes week-on-week across five major consumption areas to stand at 165,200 tonnes as of April 15, 2021. This marks the sixth consecutive week of decline since March 11, 2021. On last Thursday,...
A00 aluminium ingot price in China exceeds RMB18000/t; Aluminium alloy (A356) price gains RMB300/t
A00 aluminium ingot price in China has continued to rise to exceed RMB 18,000 per tonne, found the Shanghai Metals Market. Data shows the price has surged by RMB 330 per tonne on Thursday, April 15, to come in at RMB 18,090 per tonne. The average prices are expected to range between RMB 18,070 per...
LME aluminium price grew for the third day in a row to close at US$2297.5/t; SHFE price climbed US$25/t to US$2761/t
Three-month LME aluminium settled 1.02 per cent higher at US$ 2328 per tonne on Wednesday, April 14, while the price today is expected to hover around US$ 2300-2350 per tonne. LME aluminium cash (bid) price and LME official settle price increased for the third consecutive day by US$ 19.50 per tonne...
Researchers develop an inexpensive COVID-19 test device using recycled aluminium coffee capsules and 3D-printing
According to a recent report, a team at Wageningen University and TNO in the Netherlands has designed a device that enables reliable point-of-care tests for COVID-19 at an inexpensive cost. The device, made of empty aluminium coffee capsules recycled into miniature chemical reactors and combined...
Inalum to improve its aluminium smelting furnace technology; seeks support from three EPC companies
PT Indonesia Asahan Aluminum (Inalum) has announced that it will improve its aluminium smelting furnace technology with the help of three EPC companies, namely SAMI, PT Waskita Karya (Persero), and PT Unefeco. The news came after the executive director of PT Inalum (Persero), Sophia Issabella...
US aluminium scrap exports to South Korea stand 21% down M-o-M to 22,900 tonnes in January 2021
The United States aluminium scrap exports to South Korea stood at 22,900 tonnes in January 2021, reflecting a month-on-month increase of 4,000 tonnes or 21.16 per cent. In December 2020, the US scrap exports to South Korea were 18,900 tonnes, down by 6,300 tonnes or 25 per cent from 25,200 tonnes...
A00 aluminium ingot price in China closes near 10-year high at RMB17760/t on production curb fears
A00 aluminium ingot price in China has jumped by RMB 290 per tonne on Wednesday, April 14, to reach near 10-year high at RMB 17,760 per tonne on fears that Chinese primary aluminium producers will limit their output to meet environmental targets. The average prices are expected to range between RMB...
LME aluminium price closed US$24/t higher at US$2278/t; SHFE price soared by US$75/t to US$2736/t
Three-month LME aluminium settled 1.65 per cent higher at US$ 2304.50 per tonne on Tuesday, April 13, and is likely to range between US$ 2270-2320 per tonne today. LME aluminium cash (bid) price and LME official settle price surged by US$ 24 per tonne to close at US$ 2278 per tonne on Tuesday,...
En+ Group recently produces the world’s highest purity aluminium with lowest carbon footprint
The metals segment of En+ Group, the world’s largest low-carbon aluminium and independent hydropower producer, has recently produced aluminium with the industry’s lowest carbon footprint. Carbon generated during smelting per tonne of metal was less than 0.01 tonnes. So, the purity of the aluminium...
