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 soared to US$2025.50/t; SHFE price rallied to the highest this year at US$2460/t
Three-month LME aluminium added 0.4 per cent to settle at US$ 2,027 per tonne on Monday after hitting a one-month high at US$ 2,040 per tonne earlier in the session, with open interest decreasing 4,352 lots to 741,000 lots. LME aluminium cash (bid) price and LME official settlement price opened the...
United Mining Supply (UMS) to source alumina for Alteo specialty alumina plant in France
Guinean mining logistics company United Mining Supply (UMS) is looking for sourcing alumina to produce specialty alumina at Alteo plant in France. This news came in late January after UMS chairman Fadi Wazni told S&P Global Platts. UMS took over the charge of Alteo’s production site near the...
Rusal’s bauxite production sees a 7.5% fall Y-o-Y to 14.838MT in 2020; Alumina output grows 4% to 8.182MT
Rusal, a leading global aluminium producer, has announced operating results for the fourth quarter of 2020 and full-year ending on December 31, revealing that its bauxite production decreased in Q4 by 7.6 per cent Q-o-Q to stand at 3.539 million tonnes. In Q3, bauxite output was at 3.829 million...
A00 aluminium ingot price exceeds RMB15,500/t; Aluminium alloy(A356) price gains RMB100/t to clock at RMB16,300/t
A00 aluminium ingot price has increased further for the third consecutive day to exceed RMB 15,500 per tonne, as of Monday, February 8, found the Shanghai Metals Market. Data shows the price is standing at RMB 15,600 per tonne witnessing a growth of RMB 90 per tonne. The average prices are expected...
LME aluminium price edged higher to settle at US$2007.50/t; SHFE rose for the third day in a row to US$2427/t
Three-month LME aluminium advanced 1.23 per cent to settle at US$ 2,019 per tonne last Friday, February 5, with open interest decreasing 3,086 lots to 725,000 lots. LME aluminium cash (bid) price and LME official settlement price continued to grow to close the last week ending on Friday, January 5,...
NALCO reduces its aluminium ingot price this week by INR1600/t
National Aluminium Company Limited has reduced its aluminium ingot and aluminium products prices this week, with effect from Friday, February 5. NALCO’s aluminium ingot price has thus come in at INR 167,650-171,150 per tonne, down by INR 1,600 per tonne from INR 169,250-172,750 per tonne on last...
Vedanta back-to-back raises its aluminium ingot price on February 5 & 6 in line with 3-month aluminium futures surge on LME
Vedanta Limited increased its aluminium ingot and aluminium products prices back-to-back on February 5 and 6, in line with LME aluminium price hike. On February 5, the company raised its aluminium ingot price by INR 1,500 per tonne from INR 165,500-178,500 per tonne to INR 167,000-180,000 per...
LME aluminium price gained US$22/t this week to close above US$2000/t; SHFE price rose by US$55/t to US$2407/t
Three-month LME aluminium stood a two-week low at US$ 1960.50 per tonne on Monday, February 1. On Tuesday, it gained 0.54 per cent to settle higher at US$ 1971 per tonne. It further firmed 0.28 per cent to end at US$ 1,976.50 per tonne on Wednesday and also grew 0.91 per cent to close at US$...
Hindalco raises aluminium ingot price by INR1500/t w.e.f. February 5 after two consecutive cuts
Hindalco Industries Limited has raised its aluminium ingot and aluminium products prices with effect from Friday, February 5, after reducing them for the past two consecutive times. The company has revealed that it is now selling its aluminium ingot at INR 167,250 per tonne compared to INR 165,750...
Constellium to invest in adding 60,000 tonnes per annum aluminium recycling capacity in Europe
On Thursday, February 4, Constellium, a global aluminium rolled and extruded products manufacturer, announced its plans to invest in expanding aluminium recycling capacity by 60,000 tonnes per annum in Europe. This project will focus on using recycled material for manufacturing aluminium slabs...
China’s aluminium billet inventories grow by 27,400 tonnes this week on lower downstream demand ahead of CNY
Shanghai Metals Market data showed 6063 aluminium billet inventories increased by 27,400 tonnes this week, ending on Thursday, February 4, across five major consumption areas, including SHFE warrants. The stocks thus came in at 128,200 tonnes compared to 100,700 tonnes last week, mainly...
A00 aluminium ingot price settles above RMB15,500/t; Aluminium alloy(A356) price climbs by RMB150/t
According to the Shanghai Metals Market, A00 aluminium ingot price has extended its growth by RMB 160 per tonne to close the week on Friday, February 5, at RMB 15,510 per tonne. The average prices are expected to range between RMB 15,490 per tonne and RMB 15,530 per tonne, with spot contract to be...
LME aluminium price extended growth to U$1979.50/t; SHFE closed the week higher at US$2407/t
Three-month LME aluminium increased 0.91 per cent to close at US$ 1,994.50 per tonne on Thursday, February 4, with open interest decreasing 4,593 lots to 728,000 lots. LME aluminium cash (bid) price and LME official settlement price further witnessed a hike, albeit slower than the previous day, by...
Primary aluminium inventories build-up 32,000 tonnes to 714,000 tonnes, highest since October 2020
According to Shanghai Metals Market, social inventories of primary aluminium have built-up 32,000 tonnes week-on-week across eight major consumption areas in China, including SHFE warrants. Data shows the inventories are standing at 714,000 tonnes as of February 4, the highest since October 15,...
Novelis reports 19% higher net sales in Q3FY21 attributable to robust aluminium shipments
On Wednesday, February 3, Novelis Inc., the world leader in aluminium rolling and recycling, reported a net income attributable to common shareholder of $176 million in the third quarter of the financial year 2020-21, up 64 per cent year-on-year. The company’s net income from continuing operations...
A00 aluminium ingot price in China ascends to RMB15,350/t; It drives aluminium alloy (A356) price hike to RMB16,050/t
A00 aluminium ingot price has soared by RMB 320 per tonne to stand at RMB 15,350 per tonne on Thursday, February 4, following a plunge of RMB 160 per tonne to RMB 15,030 per tonne on February 3, found Shanghai Metals Market. The average prices are expected to range between RMB 15,330 per tonne and...
LME aluminium price gained US$15/t to stand at US$1973/t; SHFE price soared to US$2365/t
Three-month LME aluminium firmed 0.28 per cent to end at US$ 1,976.50 per tonne on Wednesday, February 3, with open interest decreasing 1,780 lots to 733,000 lots. LME aluminium cash (bid) price and LME official settlement price gained US$ 15 per tonne to stand at US$ 1973 per tonne on Wednesday,...
Vedanta cuts aluminium ingot price by 1.05% to INR165,500-178,500/t on February 3
Vedanta Limited decreased its aluminium ingot and aluminium products prices for the second time in a row with effect from Wednesday, February 3. The company is currently selling its aluminium ingot at INR 165,500-178,500 per tonne, down by INR 1,750 per tonne or 1.05 per cent from INR...
