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 sharply cuts its aluminium products prices by INR4,500/t after three consecutive hikes
Vedanta Limited has decreased its aluminium ingot and aluminium products prices with effect from Friday, January 8, following the three consecutive days of hike. The company’s aluminium ingot price is now hovering at INR 169,750-182,750 per tonne, down by INR 4,500 per tonne from INR...
French commercial court allows Guinea firm to take over specialty alumina leader Alteo
On Thursday, January 7, a commercial court in France gave a green signal to Guinean logistics specialist United Mining Supply (UMS) to take over Alteo, a global leader in specialty alumina. The former was the last remaining bidder to take charge of Alteo’s production site near the southern city of...
A00 aluminium ingot price gains RMB170/t to close the week at RMB15,710/t; Aluminium alloy(A356) price climbs RMB150/t
China's A00 aluminium ingot price has jumped by RMB 170 per tonne on Friday, January 8, to close the week at RMB 15,710 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 15,690 per tonne and RMB 15,730 per tonne, with spot contract to be traded at a...
National Aluminium Company to invest INR 30,000 crore for expansion and diversification: Pralhad Joshi
On Thursday, January 7, Pralhad Joshi, Union Minister of Coal & Mines and Parliamentary Affairs, affirmed that National Aluminium Company Ltd (NALCO) would invest INR 30,000 crore for expansion and diversification in the next six to seven years. Joshi, while addressing the 41st Foundation Day event...
China’s aluminium billet inventories kick-start 2021 with a gain of 14,900 tonnes week-on-week
According to the Shanghai Metals Market, 6063 aluminium billet inventories have gained 14,900 tonnes across China's five consumption areas on Thursday, January 7. Data shows the stocks have come in at 85,700 tonnes from 70,900 tonnes on November 31. Last Thursday, the inventories dropped by 1,500...
Alcomet launches its upgraded production line for powder-coated aluminium profiles
Alcomet AD, the only one of a kind manufacturer of rolled and extruded aluminium products in Bulgaria, has begun the operation at its upgraded production line for producing powder-coated aluminium profiles. The company has invested 1.4 million levs, equivalent to $883,200, for modernising the...
Hindalco back-to-back increases its aluminium products prices; Aluminium wire rod price grows by INR3000/t
Hindalco Industries Limited has back-to-back increased the prices of its aluminium ingot and aluminium products, with effect from Thursday, January 7. After increasing the price of aluminium wire rod by INR 2750 per tonne or 1.53 per cent on January 6, Hindalco Industries on the very next day has...
LME aluminium price jumped US$32/t to clock at US$2062.5/t; SHFE decreased to $2393/t after a day restraint
Benchmark aluminium price on the London Metal Exchange closed the day on Wednesday, January 6, 1.73 per cent higher at US$ 2062.50 per tonne. LME aluminium cash (bid) price and LME official settlement price soared by US$ 32 per tonne on Wednesday, January 6, to stand at US$ 2062.50 per tonne from...
NALCO increases aluminium ingot price by INR4100/t on January 6 after two consecutive declines
National Aluminium Company Limited (NALCO) has raised the prices of its aluminium ingot and aluminium products with effect from Wednesday, January 6, after reducing them for the two consecutive times. NALCO’s aluminium ingot price has come in at INR 171,550-175,050 per tonne, recording a...
Aluminium coaches for Pune Metro expected to arrive in May 2021 from Italy
On Tuesday, January 5, Maharashtra Metro Rail Corporation’s managing director Brijesh Dixit announced that aluminium coaches for Pune’s Metro trains would likely arrive in the city in May 2021 from Italy. Dixit said, “Pune Metro had given the purchase order for 102 aluminium bodied coaches. The...
US aluminium semis imports from Qatar jump 51% in September 2020 after two consecutive months of decline
The United States aluminium crude metal and alloys imports from Qatar stood at 5,310 tonnes in September 2020, recording an increase of 2,160 tonnes or 51.28 per cent after two consecutive months of decline. In August, the United States imported 3,150 tonnes of aluminium semis from Qatar, 400...
A00 aluminium ingot price remains muted at RMB15690/t; Australian alumina FOB price climbs by US$2/t
According to the Shanghai Metals Market, A00 aluminium ingot price has remained restrained at RMB 15,690 per tonne, with average prices expected to range between RMB 15,670 per tonne and RMB 15,710 per tonne, as of Wednesday, January 6. Spot contract is expected to trade at a premium price of RMB...
US aluminium plates, sheets and bars imports from Saudi Arabia increase 31.52% Q-o-Q in Q3 2020
According to data shared by the US Geological Survey, the United States aluminium plates, sheets and bars imports from Saudi Arabia decreased 890 tonnes or 12.45 per cent month-on-month to 6,260 tonnes in September 2020, following hikes in July and August. In August 2020, the US aluminium plates,...
A00 aluminium ingot price declines for the fifth consecutive day to RMB15590/t; Prebaked anode price up by RMB60/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has reopened the market after the New Year Holiday with a plunge of RMB 120 per tonne to stand at RMB 15,590 per tonne, as of January 4, 2021. This marks the fifth consecutive day of decline since December 28, 2020. The...
SHFE aluminium price resumes from the New Year Holiday with a drop of $2/t to $2396/t on January 4
Shanghai aluminium price resumed from the New Year Holiday on Monday, January 4, with a dip of 0.08 per cent from US$ 2398 per tonne to US$ 2396 per tonne. LME aluminium on Friday, January 1, was closed. As of last Thursday, December 31, LME aluminium cash (bid) price and LME official settlement...
LME aluminium price lost US$22/t in the last week of 2020; SHFE price decreased by US$47/t
Benchmark aluminium price on the London Metal Exchange closed the week on Thursday, December 31, lower by US$ 44 per tonne or 2.18 per cent at US$ 1978 per tonne. LME aluminium cash (bid) price and LME official settlement price started the week on Tuesday, December 29, at US$ 2000 per tonne, down...
NALCO begins the year 2021 with a significant aluminium ingot price cut by INR4900/t with effect from January 1
National Aluminium Company Limited (NALCO) has continued to reduce the prices of its aluminium ingot and aluminium products for the second time in a row after two weeks on January 1, 2021. With the latest cut, NALCO’s aluminium ingot price has come in at INR 167,450-170,950 per tonne, down by INR...
China’s secondary aluminium operating rates increase 5 percentage points M-o-M to 62.4% in Nov’20
According to the Shanghai Metals Market, China’s secondary aluminium producers operating rates gained 4.9 percentage points month-on-month in November 2020, following a decline in October. The operating rates came in at 62.4 per cent, down 0.1 percentage point year-on-year, showed the data. The...
