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.
Alcoa’s full-year revenue in 2020 stands 11% down Y-o-Y despite improved third-party aluminium shipments
Alcoa Corporation revealed a full-year revenue of US$ 9,286 million for 2020 and US$ 2,392 million for the fourth quarter of the year. The full-year revenue stood down by 11 per cent year-on-year, while the fourth quarter revenue stood almost flat quarter-on-quarter. As a consequence, adjusted net...
Chinese alumina spot price further expands to settle at RMB 2,394/t; A00 aluminium ingot price gains RMB30/t
Average alumina spot price in China has opened the week on Monday, January 25, with a further hike of RMB 9 per tonne to stand at RMB 2,394 per tonne, according to Shanghai Metals Market data. In Shandong, Guizhou, and Guangxi, alumina spot price has increased the highest by RMB 15 per tonne, found...
LME aluminium price edged lower at US$1975.50/t after two consecutive days of hike; SHFE expanded to US$2310/t
Three-month LME aluminium fell 0.28 per cent to close at US$ 1,994.50 per tonne on Friday, January 22, with open interest rising to 738,000 lots. It is expected to trade between US$1,920-2,030 per tonne today. LME aluminium cash (bid) price and LME official settlement price decreased to US$ 1975.50...
Hindalco’s aluminium ingot price grows by INR1750/t on January 21 after four consecutive declines
Hindalco Industries Limited reduced its aluminium ingot and aluminium products prices by INR 2,250 per tonne on January 20 but increased a day later by INR 1,750 per tonne. On Wednesday, January 20, Hindalco’s aluminium ingot price had come in at INR 165,750 per tonne, which rebounded to INR...
China’s aluminium billet inventories increase by 1600 tonnes this week on January 21
According to Shanghai Metals Market, 6063 aluminium billet inventories gained 1,600 tonnes week-on-week, ending on Thursday, January 21, across the five major Chinese consumption areas. Data shows the inventories this week has come in at 84,300 tonnes versus 82,700 tonnes last Thursday, January 14....
World primary aluminium production grows 3% M-o-M to 5.67MT in December 2020; Full-year production gains 2.5%
According to the latest data shared by the International Aluminium Institute, world primary aluminium production in December 2020 stood at 5.670 million tonnes, bringing the total output of the year to 65.267 million tonnes. The output in December edged 3.02 per cent higher month-on-month from...
LME aluminium price grew by US$16.50/t to close the week at US$1992.50/t; SHFE rose to US$2306/t
The LME complex performed similarly on Thursday, with aluminium advanced 0.84 per cent. Benchmark aluminium price on the London Metal Exchange grew by 0.84 per cent to close Thursday, January 21, at US$ 1992.50 per tonne. LME aluminium cash (bid) price and LME official settlement price continued to...
China’s alumina spot price gains RMB9/t after remaining restrained for a day; A00 aluminium ingot price sheds RMB20/t
After a restraint last day at RMB 2,376 per tonne, the average alumina spot price has recorded a growth of RMB 9 per tonne to close the week on Friday, January 22, at RMB 2,385 per tonne, according to Shanghai Metals Market. However, the hike today has not touched upon all the major Chinese cities,...
NALCO continues to decrease aluminium ingot price by INR1700/t this week
National Aluminium Company Limited (NALCO) has further reduced its aluminium ingot and aluminium products prices with effect from Thursday, January 21. After cutting the aluminium ingot price by INR 2000 per tonne last week on January 16, NALCO this week has narrowed the price by INR 1700 per tonne...
Primary aluminium inventories fall by 15,000 tonnes after three consecutive weeks of growth
According to Shanghai Metals Market, social inventories of primary aluminium have decreased by 15,000 tonnes week-on-week across eight major Chinese consumption areas, including SHFE warrants, after the past three consecutive weeks of rising. The stocks, as of Thursday, January 21, have come in at...
ASI certifies rolling facility of Lotte Aluminium in Ansan against Chain of Custody Standard
Aluminium Stewardship Initiative announced on Wednesday, January 20, that it successfully certified Lotte Aluminium Co, Ltd.’s rolling facility in Ansan, South Korea, against the Chain of Custody Standard. The facility’s operations include rolling, sepa-slitting, and annealing for the production of...
Alcoa 2020 Results: Both bauxite & alumina production up by over 1% overcoming the COVID-19 challenges
On Wednesday, January 20, Alcoa Corporation, the world’s eighth-largest aluminium producer, reported the fourth quarter and full-year results of 2020 that reflect strong operational performance. In Q4 2020, the company produced 12.2 million dry metric tonnes of bauxite compared to 12 million dry...
A00 aluminium ingot price rebounds to over RMB15000/t; Aluminium alloy (A356) price surges by RMB250/t
A00 aluminium ingot price has jumped by RMB 270 per tonne on Thursday, January 21, to stand above RMB 15,000 per tonne, following the past two consecutive days of decline. Shanghai Metals Market data shows the primary aluminium ingot price has come in at RMB 15,020 per tonne, with average prices to...
LME aluminium benchmark price climbed 1.26% to clock at US$1976/t; SHFE gained US$28/t to settle at US$2299/t
The LME complex rose across the board on Wednesday, with aluminium climbed 0.79 per cent. Benchmark aluminium price on the London Metal Exchange grew by 1.26 per cent to close at US$ 1976 per tonne on January 20. LME aluminium cash (bid) price and LME official settlement price increased to US$ 1976...
Vedanta extends aluminium ingot price cut for the third consecutive day this week by INR2250/t
Vedanta Limited has extended the price cut of its aluminium ingot and aluminium products by INR 2,250 per tonne with effect from January 20, 2021, as the three-month futures of aluminium on the London Metal Exchange continued to shrink till January 19, marking the third consecutive day of fall....
Aluminium Stewardship Initiative certifies two Audi facilities against Chain of Custody Standard
The Aluminium Stewardship Initiative has certified Audi against Chain of Custody (CoC) Standard for rolled material press shop operations undertaken at production facilities in Neckarsulm and Ingolstadt, Germany. At the two facilities, rolled material press operations create automotive body parts...
LME aluminium price settles further lower at US$1951.50/t amid increasing opening stock; SHFE price down to US$2271/t
Three-month LME aluminium climbed 0.15 per tonne to close at US$ 1,973 per tonne on Tuesday, with open interest falling to 742,000 lots. The impact of LME aluminium inventory changes on prices should continue to be monitored. It is expected to trade between US$ 1,900-2,010 per tonne today. As of...
China’s alumina spot price edges higher at RMB2376/t after two days of restraint; A00 aluminium ingot price declines
Average alumina spot price in China has recorded a growth of RMB 9 per tonne on Wednesday, January 20, after remaining restrained at RMB 2,367 per tonne in the past two consecutive days. The price today has clocked at RMB 2,376 per tonne, according to Shanghai Metals Market data. In Shandong and...
