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 Industries increases aluminium wire rod and billets prices by INR2250/t after an intermittent cut
Hindalco Industries Limited has again increased its aluminium products and aluminium ingot prices with effect from March 18 after an intermittent cut on March 17. The company’s aluminium wire rod price has been raised by INR 2,250 per tonne to INR 196,600 per tonne after being cut by INR 1,250 per...
Alumina spot price in China gains RMB6/t after about two-weeks of restraint; A00 aluminium ingot price falls below RMB17500/t
After about two weeks of restraint at RMB 2,332 per tonne, the average alumina spot price in China has inched up by RMB 6 per tonne to close the week on Friday, March 19, at RMB 2,338 per tonne, according to the Shanghai Metals Market. In Shanxi, alumina price has increased by RMB 10 per tonne to...
China’s primary aluminium inventories build-up 22,000 tonnes this week to stand at 1.25 million tonnes
According to the Shanghai Metals Market, social inventories of primary aluminium have further expanded by 22,000 tonnes across eight major consumption areas in China, including SHFE warrants. Thus, the stocks this week, as of March 18, have come in at 1.25 million tonnes, compared to 1.23 million...
Malaysia’s aluminium scrap imports from US witness a drop of 1.8% in Q4 2020; Full-year imports stand 12% higher
Malaysia’s aluminium scrap import from the United States recorded a decrease of 7,900 tonnes or 17.83 per cent in December 2020 to stand at 36,400 tonnes, found the US Geological Survey’s latest data. In November 2020, the import volume stood almost flat at 44,300 tonnes compared to 44,800 tonnes...
Hindalco reduces aluminium ingot price by INR1250/t w.e.f. March 17 after raising it a day before
Hindalco Industries Limited reduced its aluminium ingot price and aluminium products prices on Wednesday, March 17, soon after raising the prices by INR 3,500 per tonne on Tuesday, March 16. With effect from March 17, Hindalco’s aluminium ingot price came in at INR 183,250 per tonne, down by INR...
LME aluminium price closed 1.29% higher at US$2205.50/t; SHFE price gained US$28/t to clock at US$2738/t
Three-month LME aluminium rose 1.66 per cent to close at US$ 2,232 per tonne on Wednesday. Carbon neutralization pushed refined aluminium to industry hotspots, and supply and demand improved on the fundamentals. It is expected that the contract will keep fluctuating at high and trade between US$...
US aluminium plates, sheets and bars exports to Mexico extend M-o-M decline by 7.79% to 23,100 tonnes
Month-on-month decline in aluminium plates, sheets and bars exports from the United States to Mexico extended decline for the second consecutive months in December 2020 from 23,100 tonnes to 21,300 tonnes, reflecting a downfall of 7.79 per cent. In November, the United States aluminium plates,...
China’s aluminium foil export projected to rebound by 4.88% in 2021 from 1.23MT in 2020
China exported 1.23 million tonnes of aluminium foil in 2020, which reflected a downfall of 4.95 per cent from the exports in 2019, found the customs data. Exports of foil under HS code 76071110 (unprocessed aluminium foil without backing after rolling, thickness ≤0.007mm) totalled 293,400 tonnes...
Rusal’s FY2020 Results: Revenue from alumina declines 19.73% as a consequence of weaker sales
Rusal has announced its financial and operational results for the year 2020 ended on December 31, severely impacted by the COVID-19 pandemic, particularly the first months of the year that saw significant global market turmoil due to the virus outbreak. According to the report revealed by Rusal,...
A00 aluminium ingot price declines by RMB230/t after two days of surge in a row; Aluminium alloy (A356) price down at RMB18250/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has witnessed a downfall of RMB 230 per tonne after two consecutive days of rise from RMB 17,370 per tonne to RMB 17,760 per tonne. As of today, March 17, the price is standing at RMB 17,530 per tonne, with average prices...
AlCircle Expo 2021: Attendee Registration is Live Now!
As much as you are looking forward to participate in AlCircle’s forthcoming virtual event - “ AlCircle Expo 2021 ,” we are yearning to welcome you to this Bigger, Better, and Grander programme. On this note, we are elated to announce that Registration is Live Now! Visit alcircleevents.com and get...
Aluminium demand to rise in India on growing urbanisation and housing projects: IIFT Survey
The Indian Institute of Foreign Trade (IIFT) has indicated in its recent survey that demand for aluminium will grow as a result of urbanisation, development of industrial corridors, rural electrification, Smart City projects, housing projects, and so on and so forth. “We have used secondary data...
How Global Aluminium Industry can cut 77% Greenhouse Gas Emissions by 2050, explains IAI
The global aluminium industry must reduce greenhouse gas emissions by 77 per cent before 2050, largely by shifting to green electricity, in an attempt to meet climate change goals, said the International Aluminium Institute on Tuesday, March 16. “The challenge for us and for many sectors is...
Narrow downstream demand and soaring aluminium prices lead to weaker secondary aluminium operating rates in China in Feb’21
According to the Shanghai Metals Market, secondary aluminium producers operating rates in China recorded a month-on-month plunge of 20.8 percentage points in February 2021 to stand at 41.35 per cent. However, on a year-on-year calculation, the operating rates increased by 23.23 percentage points,...
China’s aluminium production improves 8.4% in January & February 2021 with daily output at a new record high
According to the data released by the National Bureau of Statistics, China’s aluminium production gained 8.4 per cent year-on-year in the first two months of 2021, attributing to new capacities and soaring prices. In January and February combined, primary aluminium output in China was 6.45 million...
LME aluminium price expanded by US$45.50/t to stand at US$2184.50/t; SHFE price rose further to US$2746/t
Three-month LME aluminium rose 2.23% to close at US$ 2,220 per tonne on Monday. According to the SMM import profit and loss calculation model, the import profit stood at about RMB 460 per tonne at present, and the import window opened. The inflow of overseas primary aluminium will be monitored. It...
Hydro posts higher Underlying EBIT in FY2020 at NOK 6,051 million even amid lower net income of 21% Y-o-Y
Hydro’s reported Underlying EBIT in FY2020 stood at NOK 6,051 million compared to NOK 3,359 million in FY2019 and NOK 9,069 million in FY2018. This reflects year-on-year growth of 80.14 per cent but a decrease of 33.28 per cent than in 2018. Underlying EBIT from bauxite and alumina stood 85.42 per...
Bulgarian aluminium rolled and extruded company Alcomet joins ASI as 161th new Production & Transformation member
Aluminium Stewardship Initiative has announced the joining of Alcomet in ASI as a new Production & Transformation member. This brings the total number of ASI members to 161. Alcomet AD is a leading Bulgarian manufacturer of aluminium rolled and extruded products. It offers a large variety of foils,...
