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.
Hindalco reduces aluminium products prices by INR1500/t on March 31 in line with lower LME aluminium price
Hindalco Industries Limited has reduced its aluminium products and aluminium ingot prices with effect from Wednesday, March 31, following two consecutive hikes on March 25 and March 27. Hindalco’s aluminium wire rod price has come in at INR 199,350 per tonne, down by INR 1,500 per tonne or 0.75 per...
LME aluminium price extends downfall by US$35/t to US$2220.50/t; SHFE price decreases to US$2616/t
Three-month LME aluminium fell 2.02 per cent to close at US$ 2227.50 per tonne on Tuesday. It is expected to trade between US$ 2220-2280 per tonne today. As of Tuesday, March 30, LME aluminium cash (bid) price and LME official settlement price extended decline by US$ 35 per tonne to stand at US$...
US aluminium scrap exports reflect a 5% rise YoY to 153,000t in Jan 2021 but exports to India decline 17% to 24,100 tonnes
The United States aluminium scrap exports started the year in January 2021 with a month-on-month decline of 3,000 tonnes or 1.92 per cent. From 156,000 tonnes in December 2020, the exports decreased to 153,000 tonnes in January 2021. But nevertheless, on a year-on-year basis, the US aluminium scrap...
HP Inc. unveils two new ‘ENVY’ laptops made from recycled aluminium
On Monday, March 29, HP Inc. announced new ‘EMVY’ laptops made from recycled aluminium. The news came after Ifeyinwa Afe, Managing Director of HP Nigeria, launched the two new laptops - HP ENVYx360 15 and HP ENVY 17 in Lagos, Nigeria. According to her, they are designed to give people the freedom...
Alumina production in West Europe declines 8% YoY to 439,000 tonnes in February 2021; Output in East & Central Europe grows by 1%
In February 2021, alumina production in West Europe stood at 439,000 tonnes, reflecting a decline of 40,000 tonnes or 8.35 per cent month-on-month. In January 2021, West Europe churned out 479,000 tonnes of alumina, which was less by 3,000 tonnes from the previous month. On a year-on-year basis,...
A00 aluminium ingot price declines to RMB17340/t after three days of hike; Aluminium fluoride price plunges by RMB150/t
A00 aluminium ingot price in China has decreased by RMB 50 per tonne to stand at RMB 17,340 per tonne on Tuesday, March 30, following the three consecutive days of hike from RMB 17,080 per tonne to RMB 17,390 per tonne, according to Shanghai Metals Market. The average prices are expected to range...
Hindalco further increases its aluminium wire rod and billets price by INR2500/t with effect from March 27
Hindalco Industries Limited further raised its aluminium products and aluminium ingot prices with effect from Saturday, March 27. The company’s aluminium wire rod price came in at INR 200,850 per tonne as of March 27, up by INR 2,500 per tonne from INR 198,350 per tonne on March 25. Hindalco’s...
A00 aluminium ingot price grows by RMB60/t to settle at RMB17390/t; Australian alumina (FOB) price drops by US$15/t
A00 aluminium ingot price opened the week higher by RMB 60 per tonne to RMB 17,390 per tonne as of Monday, March 29, found the Shanghai Metals Market. This marks the second consecutive day of rise from RMB 17,330 per tonne on Friday, March 26. The average prices are expected to range between RMB...
LME aluminium price settled US$52.50 higher at US$2260.50/t; SHFE price rose for the third consecutive day to US$2666/t
Three-month LME aluminium gained 0.78 per cent to settle at US$ 2,273.50 per tonne last Friday, and is expected to move between US$ 2,240-2,270 per tonne today. On Friday, March 26, LME aluminium cash (bid) price and LME official settlement price soared by US$ 52.50 per tonne to close the week at...
NALCO expands its aluminium ingot price for the second week in a row by above INR5000/t
National Aluminium Company Limited (NALCO) has expanded its aluminium ingot and aluminium products prices for the second week in a row, with effect from Saturday, March 27. A week ago, with effect from March 20, NALCO increased its aluminium prices by INR 1,500 per tonne, but this week the prices...
US primary aluminium production rose 1,000 tonnes M-o-M in January 2021; Average daily output remains flat
The first month of 2021 (January) saw a month-on-month rise in the United States primary aluminium production, although marginal, found the latest data of the US Geological Survey. From 77,000 tonnes in December 2020, the US domestic primary aluminium output rose 1,000 tonnes to stand at 78,000...
China plans to sell aluminium from its state reserves to curb price hike: Source
China is reportedly mulling to sell nearly 500,000 tonnes of aluminium from state reserves, in an attempt to calm the market and meet the Asian nation’s carbon emissions objectives, according to a person familiar with the plan. Selling off some of the highly carbon-intensive aluminium stocks is...
Hindalco hikes its aluminium wire rod price by 1% on March 25 after a sharp cut of INR4250/t on March 24
Hindalco Industries Limited increased its aluminium products and aluminium ingot prices on Thursday, March 25, following a sharp cut on March 24. Hindalco’s aluminium wire rod price witnessed a slash of INR 4,250 per tonne on March 24 from INR 200,350 per tonne to INR 196,100 per tonne. However, on...
Stadler Rail secures 40 aluminium electric train production contract from EAV
VOLTURNO Autonomous Body (EAV), the transport authority for the Campania region of Italy, has awarded a supply contract to Stadler Rail for up to 40 three-car electric multiple unit (EMUs) trains. Under the contract, Stadler will initially supply 231.5kV dc EMUs. The contract includes both...
Aluminium billet inventories in China nosedive by 34,700 tonnes this week on restocking due to lower prices
Shanghai Metals Market data showed on Thursday, March 25, that aluminium billet inventories in China decreased by 34,700 tonnes from a week ago across five major consumption areas, including SHFE warrants, to come in at 198,200 tonnes. Lower aluminium prices in the previous two days led to...
LME aluminium price slipped to US$2208/t amid continued decline in aluminium opening stock; SHFE price further gained US$11/t
Three-month LME aluminium rose 0.36 per cent to close at US$ 2,256 per tonne on Thursday. It is expected to trade between US$ 2,230-2,260 per tonne today. LME aluminium cash (bid) price and LME official settlement price decreased by US$ 12.50 per tonne on Thursday, March 25, to stand at US$ 2208...
Vedanta’s aluminium ingot price nosedived by INR4000/t on March 24 but gained 1% on March 25 to settle at INR185500-198500/t
Vedanta Limited slashed its aluminium ingot and aluminium products prices by INR 4,000 per tonne with effect from March 24, following a hike of INR 3,500 per tonne on March 23. That brought the company’s aluminium ingot price to INR 183,250-196,250 per tonne from INR 187,250-200,250 per tonne on...
Primary aluminium production in West, East & Central Europe declines by more than 9% in February 2021
In February 2021, primary aluminium production in East & Central Europe stood at 319,000 tonnes, reflecting a plunge of 34,000 tonnes or 9.63 per cent month-on-month, found the International Aluminium Institute. In January 2021, output was at 353,000 tonnes, up by 1,000 tonnes from 352,000 tonnes a...
