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 edged 0.74% higher to US$2185/t; SHFE price gained US$40/t to stand at US$2686/t
Three-month LME aluminium rose 2.54 per cent to close at US$ 2184 per tonne on Friday, with open interest falling to 707,000 lots. It is expected to trade between US$ 2150-2250 per tonne today. LME aluminium cash (bid) price and LME official settlement price gained US$ 16 per tonne or 0.74 per cent...
US primary aluminium production rebounded in December 2020 to 77,000 tonnes; Total output in 2020 lowers 7% YoY
The United States domestic primary aluminium production stood at 77,000 tonnes in December 2020, up by 3,000 tonnes or 4.05 per cent from 74,000 tonnes in November, showed the recent data released by the United States Geological Survey. With this, the total aluminium production in 2020 came in at...
LME aluminium price built-up US$30.50/t this week to settle at US$2185/t; SHFE shrank to US$2646/t
The LME aluminium benchmark price gained 1.42 per cent over the week to close at US$ 2185 per tonne as of Friday, March 5. LME aluminium cash (bid) price and LME official settlement price edged higher this week from US$ 2154.50 per tonne to US$ 2185 per tonne. Starting the week on Monday, March 1,...
China’s Aluminium Industry must advance Green and Low-carbon development to reach carbon emission peak by 2030: Yu Dehui
Yu Dehui, the former general manager of Aluminum Corporation of China Ltd. (CHALCO), suggested that China, the world’s largest aluminium producer and consumer, must advance the green and low-carbon development of the aluminium industry to reach the carbon dioxide emission peak by 2030 and achieve...
China to import aluminium and copper scrap from 26 new foreign companies
Late last month, China’s metal recycling body unveiled the second batch of 44 certified domestic importers and a list of over two dozens of foreign companies who would be permitted to export aluminium and copper scrap to the country. China had prohibited imports of solid waste from 2021 but...
ASI certifies Chalco Ruimin’s two rolled aluminium materials plants in Fuzhou against CoC Standard Certification
Aluminium Stewardship Initiative announced on Friday, March 5, that it certified Chalco Ruimin Co., Ltd.’s two plants in Fuzhou, China, against Chain of Custody Standard Certification for remelting and casting, hot rolling, cold rolling, and finishing activities. The company produces rolled...
Alumina spot price in China shrinks to RMB2332/t after a week-long restraint; A00 aluminium ingot price declines by RMB480/t
The average alumina spot price in China has recorded a drop of RMB 12 per tonne to close the week on Friday, March 5, at RMB 2,332 per tonne, following a week-long restraint at RMB 2,344 per tonne, found the Shanghai Metals Market. In Shandong and Guangxi, the alumina spot price has decreased by...
China’s aluminium billet inventories gain 7,000 tonnes to 246,300 tonnes on March 4, 2021
Shanghai Metals Market data found a further rise in China’s 6063 aluminium billet inventories, although slower than the previous week, across the five major consumption areas, including SHFE warrants. Data shows the inventories have grown by 7,000 tonnes over the week, ending on Thursday, March 4,...
Vedanta’s aluminium products prices grow back-to-back by INR1250/t with effect from March 4
Vedanta Limited has increased its aluminium products and aluminium ingot prices for the second day in a row, with effect from Thursday, March 4. The price of Vedanta's aluminium wire rod has been raised by INR 1,250 per tonne to INR 192,500 – 200,000 per tonne, in comparison with INR 191,250 –...
China's primary aluminium inventories continue to expand to stand at 1.173MT on March 4
According to the Shanghai Metals Market, social inventories of primary aluminium have built-up 91,000 tonnes over the week, ending on Thursday, March 4, 2021. Data shows the stocks across eight major Chinese consumption areas, including SHFE warrants, have come in at 91,000 tonnes, as of March 4,...
NALCO’s aluminium ingot price sees a cut of INR3400/t on March 1 after five hikes in a row till February 26
National Aluminium Company Limited (NALCO) reduced its aluminium ingot and aluminium products prices with effect from Monday, March 1, after raising them five times in a row till February 26, 2021. NALCO’s aluminium ingot price came in at INR 181,850 – 185,350 per tonne on March 1, down by INR...
South America’s alumina production grows 2% YoY in January 2021; Output in North America slips by 1,000 tonnes
In South America, alumina production in January 2021 stood at 1.069 million tonnes, reflecting a month-on-month downfall of 3.17 per cent, according to the data shown by the International Aluminium Institute. In December 2020, South America produced 1.104 million tonnes of alumina – an increase of...
Vedanta sold aluminium ingot at INR2000/t higher on March 3
Vedanta Limited increased its aluminium ingot and aluminium products prices on Wednesday, March 3, following a cut on the previous day. Vedanta raised its aluminium ingot price by INR 2,000 per tonne to INR 183,750 – 196,750 per tonne in comparison with INR 181,750 - 194,750 per tonne on Tuesday,...
LME aluminium price expands by US$27/t to close at $2203/t; SHFE price climbs to $2724/t
Three-month LME aluminium fell 0.43 per cent to close at US$ 2215 per tonne on Wednesday, with open interest rising to 704,000 lots. It is expected to trade between US$ 2100-2300 per tonne today. LME aluminium cash (bid) price and LME official settlement price expanded by US$ 27 per tonne on...
US issues anti-dumping duties on aluminium sheet import from India, Germany, Bahrain & 15 other countries
On Tuesday, March 2, the United States Commerce Department levied final anti-dumping duties on common alloy aluminium sheet import from 18 countries, including up to 242.8 per cent on Germany and 4.83 per cent on Bahrain. The news came after the US Commerce Department announced the duties following...
Hindalco’s aluminium wire rod and billets prices see a rise of INR2000/t on March 3 after a cut by over 1.5% on March 2
Hindalco Industries Limited revised its aluminium ingot and aluminium products prices on two consecutive days – March 2 & March 3. On Tuesday, March 2, the company reduced its aluminium wire rod and aluminium billets prices by INR 3,500 per tonne or 1.8 per cent to INR 193,100 per tonne and INR...
Alupro unveils new Recycle Aluminium website to educate consumers about aluminium recycling benefits
Alupro, the aluminium packaging recycling organisation, has reportedly launched a new Recycle Aluminium website to impart education on the benefits of infinitely recyclable aluminium packaging. The website features the latest data, how-to guides, blog posts, videos, fact sheets and much more,...
Indian Aluminium Industry following the Government’s footsteps to Self-Reliant Nation: Abhijit Pati
At the 58th National Metallurgists’ Day (NMD) International Conference and 74th Annual Technical Meeting (ATM), Mr Abhijit Pati, CEO & Director of Bharat Aluminium Company (BALCO), led the panel discussion on ‘Enhancing global competitiveness of Indian metals industries’, whereby he said Indian...
