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 gained US$21.50/t to settle at US$2176/t; SHFE price rebounded to $2713/t
The LME aluminium benchmark price edged 1 per cent higher on Tuesday, March 2, to close at US$ 2176 per tonne. On Wednesday, the LME complex performed similarly, with aluminium increased 4.46 per cent. LME aluminium cash (bid) price and LME official settlement price gained US$ 21.50 per tonne to...
A00 aluminium ingot price soars by RMB530/t after two intermittent declines; Aluminium alloy (A356) price expands to RMB18150/t
A00 aluminium ingot price has soared by RMB 530 per tonne to settle at RMB 17,430 per tonne on Wednesday, March 3, after two intermittent declines on March 1 and 2 from RMB 17,270 per tonne to RMB 16,900 per tonne, according to the Shanghai Metals Market. The average prices are expected to range...
Vedanta Limited cuts aluminium ingot price by INR3500/t on March 2 after stupendous hike last week
Vedanta Limited has reduced its aluminium ingot and aluminium products prices with effect from Tuesday, March 2, after a colossal hike of INR 7,250 per tonne on Friday, February 26. The company has cut its aluminium ingot price by INR 3,500 per tonne from INR 185,250 – 198,250 per tonne on Friday...
ASI certifies Yunnan Yongshun Aluminium's flat alloy ingot facility against Performance Standard Certification
Aluminium Stewardship Initiative announced today, on March 2, 2021, that it successfully certified Yunnan Yongshun Aluminium Co., Ltd. against Performance Standard Certification for remelting/refining and semi-fabrication activities. The facility’s operations include smelting, casting, and sawing...
Capral Aluminium reports FY2020 annual turnover at $432 million; Sales volumes record 7.6% growth
Australia-based aluminium extruded product manufacturing company Capral Aluminium has reported its annual turnover for the 12 months of 2020 ended on December 31 at $432 million. Trading EBITDA stood at $19.7 million compared to $11 million in FY2019. For the second half of FY2020, Capral reported...
Alumina production in East & Central Europe declines 1.4% M-o-M to 410,000 tonnes; Output in West Europe grows 0.63%
In East & Central Europe, alumina production in January 2021 stood at 410,000 tonnes, recording a downfall of RMB 6,000 tonnes or 1.44 per cent month-on-month, found the International Aluminium Institute. In December 2020, alumina production in East & Central Europe increased 3.48 per cent...
A00 aluminium ingot price stands below RMB17000/t; Aluminium fluoride price shrinks by RMB150/t
A00 aluminium ingot price has continued to be on a downturn on Tuesday, March 2, to come below RMB 17,000 per tonne, found the Shanghai Metals Market. According to SMM data, the price has shrunk by RMB 150 per tonne to come in at RMB 16,900 per tonne. The average prices are expected to range...
ALRO earns a net profit of RON 329 million despite drop in primary and processed aluminium sales value
ALRO, one of the largest vertically integrated aluminium producers in Europe by production capacity, announced its preliminary consolidated financial results for FY2020, reporting a net profit of RON 329 million compared to a net loss of 67 million in the prior year and an EBIT higher by RON 300...
World alumina output in January 2021 grows 3% YoY and declines 1% on month to 11.687 million tonnes
World alumina production in January 2021 stood at 11.687 million tonnes in January 2021, registering a month-on-month decline of 1.04 per cent, according to the International Aluminium Institute. In December 2020, world alumina production came in at 11.810 million tonnes, up by 3.18 per cent from...
NALCO again raises its aluminium wire rod and billets prices by INR5400/t on February 26
National Aluminium Company Limited (NALCO) further expanded its aluminium products and aluminium ingot prices for the fifth consecutive time on Friday, February 26. Similar to the previous week, on February 19, the company raised its aluminium wire rod price by INR 5,400 per tonne to INR 185,250-...
LME aluminium price shrinks by US$20.50/t following the highest jump ever; SHFE price downtrends to US$2651/t
Three-month LME aluminium fell 2.77 per cent to close at US$ 2157 per tonne on Friday, with open interest rising to 707,000 lots. It is expected to trade between US$ 2050-2250 per tonne today. The influence of overseas macro liquidity and guiding indicators such as US dollar index and crude oil on...
1500kg aluminium cans collected on Silver Jubilee of EEG’s aluminium can recycling campaign
The 25th year of the Can Collection Day, organised by Emirates Environmental Group (EEG) on February 25, 2021, witnessed a total of 1,500kg aluminium can collection. Around 200 entities, including companies, hotels, academic institutions and families, participated in the event that helped reduce 23...
Twelfth International Aluminum Extrusion Technology Seminar further postpones to May 3-5, 2022
The Twelfth International Aluminum Extrusion Technology Seminar is again rescheduled to May 3-5, 2022, as declared by the Aluminum Extruders Council (AEC) and the ET Foundation this week. The event was previously postponed to May 11-13, 2021 , due to the coronavirus pandemic. The venue for the...
Vedanta’s aluminium prices build-up INR7,250/t in line with highest ever jump in LME aluminium price
Vedanta Limited has raised its aluminium ingot and aluminium products prices significantly with effect from Friday, February 26, following an intervening cut on February 24. The increase in Vedanta’s aluminium prices is in line with the highest ever surge of US$ 77.50 per tonne in the LME aluminium...
AMAG Austria Metall AG reports positive net income in FY2020 despite 8% decline in aluminium shipment
AMAG Austria Metall AG has reported its full-year 2020 results, significantly affected by the COVID-19 pandemic. After a satisfactory start to the first quarter of the year, considerable reductions in demand set in from the second quarter. However, a tangible recovery in the order situation was...
LME aluminium price jumps highest ever by US$77.50/t to clock at US$2223/t; SHFE price shrinks by US$35/t
Three-month LME aluminium gained 0.7 per cent to close at US$ 2,218.50 per tonne on Thursday, February 25, and is likely to move around US$ 2,180-2,240 per tonne on February 26. LME aluminium cash (bid) price and LME official settlement price extended its upswing trend by US$ 77.50 per tonne or...
A00 aluminium ingot price downswings to RMB17270/t after soaring last day; Aluminium alloy(A356) price shrinks below RMB18000/t
A00 aluminium ingot price has recorded a plunge of RMB 290 per tonne to close the week on Friday, February 26, at RMB 17,270 per tonne, following a sweeping rise of RMB 820 per tonne to RMB 17,560 per tonne on February 25, found the Shanghai Metals Market. The average prices are likely to range...
Rusal America to supply 100,000 tonnes of low-carbon aluminium slab to Almexa through 5-years contract
According to a recent report, Rusal America Corporation (RAC) will supply 100,000 tonnes of low-carbon aluminium slab to Almexa, a leading manufacturer of aluminium rolled products in Latin America. The news came after Rusal America officially announced that it entered a five-year aluminium slab...
