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.
Vedanta Limited expands its aluminium wire rod and billets prices by 2% with effect from February 19
Vedanta Limited has continued to increase its aluminium products and aluminium ingot prices with effect from Friday, February 19. The company’s aluminium wire rod price has come in at INR 187,250 – 194,750 per tonne, up significantly by INR 3,750 per tonne or 2.04 per cent from INR 183,500—191,000...
NALCO’s aluminium ingot and products prices soar by INR5400/t with effect from February 19
National Aluminium Company Limited (NALCO) has continued to increase its aluminium ingot and aluminium products prices for the third time in a row, with effect from Friday, February 19. NALCO is currently selling its aluminium ingot at INR 179,850 – 183,350 per tonne compared to INR 174,450 -...
Century Aluminum’s net sales decline 12.6% in 2020 amid flat shipments at 811,176 tonnes
US-based primary aluminium producer Century Aluminum Company has announced its fourth-quarter and full-year results of 2020, revealing a drop of 1 per cent in net sales in Q4 2020 to US$ 389.1 million from US$ 392.9 million in Q3 2020. That was primarily due to the decline in shipments from 203,022...
Rio Tinto’s 2020 results reflect strong performance: Net earnings surge 22% YoY to US$ 9,769 million
Rio Tinto has reported the full-year results of 2020, revealing a strong performance and successful response to the COVID-19 pandemic. Its net earnings grew year-on-year by 22 per cent from US$ 8,010 million to US$ 9,769 million, while its net cash generated from operating activities increased 6...
LME aluminium price climbed 2.41% to stand at US$2147/t; SHFE price gained US$21/t to US$2548/t
The LME complex performed similarly on Thursday, with aluminium increased 1.35 per cent. Benchmark aluminium price on the London Metal Exchange edged 2.41 per cent higher on Thursday, February 18. LME aluminium cash (bid) price and LME official settlement price continued to increase to reach at US$...
China's primary aluminium inventories mount to 901,000 tonnes during the Chinese New Year Holiday
According to the Shanghai Metals Market, social inventories of primary aluminium have expanded by 126,000 tonnes during the Chinese New Year Holiday ended on February 17, 2021. SMM data shows that as of Thursday, February 18, the inventories are standing at 901,000 tonnes across the eight major...
ASI certifies Gränges against Provisional Performance Standard Certification for aluminium casting and rolling operations
Gränges has reportedly received the Provisional Performance Standard Certification from Aluminium Stewardship Initiative for casting and rolling operations at its Finspång AB plant in Sweden. The facility has been producing rolled strips and sheets of aluminium destined for the automotive sector....
Vedanta’s aluminium ingot price grows for the fifth time in a row to INR176,000-189,000/t on February 18
Vedanta Limited has further increased its aluminium ingot and aluminium products prices for the fifth consecutive time, with effect from Thursday, February 18. With the latest hike, Vedanta’s aluminium ingot price has come in at INR 176,000-189,000 per tonne, up by INR 2,000 per tonne or 1.15 per...
Ecostore to launch refillable aluminium bottles to reduce single use plastic waste pollution
Ecostore is reportedly coming up with its first-ever refillable aluminium bottles for hand and dish wash products to attain the determination of minimising single use plastic waste pollution and emissions in Aotearoa, New Zealand. The new Ecostore refillable bottle will be 100 per cent made of...
A00 aluminium ingot price stands above RMB16000/t after a week-long CNY holiday; Aluminium alloy (A356) grows by RMB450/t
A00 aluminium ingot price has opened the market after a week-long Chinese New Year Holiday with a surge of RMB 440 per tonne to stand above RMB 16,000 per tonne, found the Shanghai Metals Market. According to the data, the price today, on February 18, has pegged at RMB 16,210 per tonne, the highest...
Iran’s aluminium ingot production sees a hike of 58% during December-January 2021; Output in total ten months grows 65%
Aluminium ingot production in Iran rose 65 per cent to 364,783 tonnes during the first ten months of the current Iranian calendar year (March 20, 2020 – January 19, 2021) compared to the same period of the previous year. In the tenth month of the year ending on January 19, 2021, aluminium ingot...
US aluminium semis imports from UAE grow 45.49% in Nov’20 after two back-to-back months of decline
The United States aluminium crude metal and alloys imports from the United Arab Emirates rose in November 2020 after two consecutive months of decline, found the US Geological Survey. Data shows the imports in November stood at 33,900 tonnes, up by 10,600 tonnes or 45.49 per cent month-on-month. In...
Rio Tinto narrows Aluminium Pacific Operations Ore Reserves estimate
On Wednesday, February 17, Rio Tinto has announced that it changed its estimates of Ore Reserves and Mineral Resources at Rio Tinto Aluminium (RTA) Pacific Operations’ Weipa and Gove assets. The estimate has been decreased by 305 Mt from 1,530 Mt to 1,224 Mt. The reduction in Ore Reserve estimate...
Top Five Aluminium Producing Companies in GCC in 2020
The GCC countries have drawn all the attention of the global aluminium industry with record production of aluminium in 2020. The output surpassed the 6 million tonnes milestone for the first time ever, in a year that witnessed historic odds and challenges due to the unprecedented COVID-19 outbreak....
Benchmark aluminium price on LME inched down by US$2/t to clock at US$2077/t; SHFE remained closed for CNY holiday
Benchmark aluminium price on the London Metal Exchange edged slightly lower to US$ 2077 per tonne on Tuesday, February 16, from US$ 2079 per tonne on Monday. LME aluminium cash (bid) price and LME official settlement price slipped by US$ 2 per tonne on Tuesday, February 16, to stand at US$ 2077 per...
Maan Aluminium reports 3.63% rise in net sales to INR 96.53 Cr. in December quarter 2020
On February 15, 2021, Maan Aluminium has reported net sales/income from operations at INR 96.53 crore for the December quarter in 2020. This is up by 3.63 per cent quarter-on-quarter from 93.15 crore but down by 23.45 per cent year-on-year from INR 126.10 crore. Net profit during the same quarter...
Rio Tinto’s new contract with Landsvirkjun expected to deliver power at competitive price to ISAL aluminium smelter
ISAL aluminium smelter in Iceland will expected continue operating with an improved competitive position as Rio Tinto has entered an agreement on an amended power contract. The agreement has been signed with power supplier Landsvirkjun for a more competitive power price and energy flexibility that...
NALCO’s aluminium ingot price further increases to INR174,450-177,950/t with effect from February 13
National Aluminium Company Limited (NALCO) increased its aluminium ingot and aluminium products prices for the second consecutive time last week on Saturday, February 13, albeit slower than on February 10. The company’s aluminium ingot price was raised by INR 2,200 per tonne to INR 174,450 -...
