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 reduces its aluminium wire rod and billets prices by INR1750/t with effect from February 3
Hindalco Industries Limited has further reduced its aluminium products and aluminium ingot prices, albeit slower than the previous time, with effect from Wednesday, February 3. The company reveals that it is now selling its aluminium wire rod price at INR 176,850 per tonne compared to 178,600 per...
US primary aluminium production declines by only 1% M-o-M to 74,000 tonnes in Nov’20; Secondary recovery stands 5% down
The United States domestic primary aluminium production stood at 74,000 tonnes in November 2020, registering a drop of 1,000 tonnes or 1.33 per cent from 75,000 tonnes in October, found the US Geological Survey. The average daily production in the same month was 2,450 tonnes, slightly less than in...
China’s average alumina spot price stands lower at RMB2388/t after a restraint last day; A00 aluminium ingot price extends decline
The average alumina spot price in China has recorded a decline of RMB 14 per tonne to stand at RMB 2,388 per tonne on Wednesday, February 3, following a restraint last day at RMB 2,402 per tonne, found Shanghai Metals Market data. In Henan and Shanxi, alumina price has plunged by RMB 17.50 per...
LME aluminium price extended decline sharply by US$27.50/t to US$1958/t; SHFE price plunged to US$2326/t
Three-month LME aluminium bounced off a two-week low of US$ 1,953 per tonne to an intraday high of US$ 1,979 per tonne before relinquishing some gains to end 0.54 per cent higher at US$ 1,971 per tonne on Tuesday, February 2, with open interest adding 4,145 lots to 735,000 lots. LME aluminium cash...
Egypt’s aluminium export increases 7% to $575 million in 2020
Egypt’s aluminium and copper export values gained 5.3 per cent in 2020 to stand at $748 million, compared to $710 million in 2019, showed the Middle East News Agency (MENA). Algeria, Italy, Turkey, Morocco, Greece, Libya, Sudan, Germany, Lebanon, and Spain were the top exporters, accounting for...
Why Buy AlCircle’s Report on “Global Aluminium Industry Outlook 2021”?
The year 2021 stands as a year of hope and aspiration for the aluminium metal industry after it’s been through a malaise last year caused by the unprecedented COVID-19 outbreak. So, in the recently-published report - “Global Aluminium Industry Outlook 2021” , AlCircle has made an attempt to share...
New Zealand Government announces resolution to accelerate aluminium dross removal from Mataura
The New Zealand Government has reportedly announced a resolution to speedily remove ouvea premix, an aluminium dross by-product stored in an old paper mill site next to the river at Mataura. Environment Minister David Parker hopes this resolution gives Mataura residents greater peace of mind as...
EGA to supply 43,000 tonnes of solar-powered ‘CelestiAL’ aluminium to its first customer BMW
On Tuesday, February 2, Emirates Global Aluminium, the world’s biggest ‘premium aluminium’ producer, announced that it secured BMW as the first customer for its solar-powered CelestiAL aluminium. According to the contract, EGA will supply 43,000 tonnes of the UAE’s first-of-a-kind aluminium,...
Prebaked anode price in Central China grows by RMB55/t after almost a month-long restraint; A00 aluminium ingot price declines
According to Shanghai Metals Market, prebaked anode price in central China has recorded a hike of RMB 55 per tonne to peg at RMB 3,700 per tonne on Tuesday, February 2, following almost a month-long restraint at RMB 3,645 per tonne. The average prices are expected to range between RMB 3,500 per...
Three-month LME aluminium settled at a two-week low of US$1960.50/t; SHFE showed restraint
Three-month LME aluminium declined 0.83 per cent to settle at a two-week low of US$ 1,960.50 per tonne on Monday, February 1. LME aluminium cash (bid) price and LME official settlement price started the week and also the month on Monday, February 1, with a drop of US$ 1.5 per tonne to stand at US$...
Chinese aluminium processors’ operating rates drop 3.6 percentage points due to less operation for forthcoming CNY holiday
According to the Shanghai Metals Market survey, aluminium processors’ operating rates declined last week by 3.6 percentage points from a week ago, primarily attributing to less operation ahead of the Chinese New Year (CNY) holiday and tight logistics. Construction extrusion, wire and cable, and...
Metro Mining sees a positive year ahead aiming at selling 2.3 million tonnes of bauxite to Xinfa
Metro Mining is projecting a positive year ahead with sales expected to progress, including 2.3 million tonnes under an offtake agreement with Xinfa. The company is also satisfactorily placed in terms of financial position for 2021, led by the robust bauxite deliveries during the June and September...
Primary aluminium production in East & Central Europe grows marginally Q-o-Q to 1.043MT in Q4 2020
Primary aluminium production in East & Central Europe rebounded to 352,000 tonnes in December 2020, found the International Aluminium Institute. In November 2020, the output stood at 340,000 tonnes, down by 11,000 tonnes or 0.57 per cent from 351,000 tonnes in October. This brings primary aluminium...
LME aluminium price closed the week at US$1987/t; SHFE jumped to US$2352/t on Monday
Three-month LME aluminium ended 0.23 per cent lower at US$ 1,977 per tonne last Friday, January 29, with open interest increasing 1,937 lots to 741,000 lots, and is likely to trade between US$ 1,990-2,050 per tonne today. LME aluminium cash (bid) price and LME official settlement price climbed by...
Vedanta reports 35% higher consolidated net profit of INR 3,017 Cr. in Q3FY21; Net sales up by 6.4% YoY
Vedanta Limited, one of the world’s leading diversified natural resource companies, has reported consolidated net profit of INR 3,017 crore in the third quarter of FY2020-21 ending on December 31. The profit stood up by 35 per cent from the same period last year backed on higher revenues. Net sales...
LME aluminium price plunged this week to US$1987/t amid opening stock surge to 1431050 tonnes; SHFE stood range-bound
Three-month LME aluminium rose 1.28 per cent to close at US$ 2020 per tonne on Monday, January 25. On Tuesday, January 26, it further climbed to US$ 2023 per tonne, but lost 1.75 per cent to close at US$ 1987.50 per tonne on Wednesday, January 27. On Thursday, three-month LME aluminium dipped 0.3...
Crown to establish new aluminium beverage can manufacturing facility worth $145 million in Virginia
Beverage packaging manufacturer Crown has reportedly announced to inaugurate a new aluminium beverage can manufacturing facility in Henry County, Virginia. The plant, to be located in Commonwealth Crossing Business Centre, will mark Crown’s third greenfield beverage can manufacturing investment in...
Vedanta’s aluminium ingot & products prices down by INR2250/t after a hike this week
Vedanta Limited has reduced its aluminium ingot and aluminium products prices with effect from Friday, January 29, in line with sluggish LME aluminium benchmark price since January 27. Decreasing the aluminium ingot price by INR 2,250 per tonne, Vedanta is now selling it at INR 167,250-180,250 per...
