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.
Argentinian aluminium producer finished 2020 at 70% capacity
According to a recent report, Argentinian aluminium producer Aluar closed the year 2020 at 70 per cent capacity utilisation. Production grew at Aluar after a halt due to the COVID-19 pandemic and weather conditions earlier this year, said the company. “We will continue to gradually seek production...
Primary aluminium inventories gain 27,000 tonnes to close the year at 613,000 tonnes
According to the Shanghai Metals Market, social inventories of primary aluminium built up 27,000 tonnes on Thursday, December 31. The inventories thus, closed the year 2020 at 613,000 tonnes across eight major consumption areas, including SHFE warrants. Last week, on December 24, the inventories...
US aluminium scrap exports to Canada grow 64% Q-o-Q in Q3 2020 despite a drop in September
According to the US Geological Survey, the United States aluminium scrap exports to Canada stood 4.94 per cent lower month-on-month to 6,740 tonnes in September 2020. In August, the US exported 7,090 tonnes of scrap to Canada compared with 5,540 tonnes in July 2020. This represents a hike of 28 per...
Alumina production in West Europe stands 1.8% higher M-o-M in Nov’20, but output in East & Central Europe drops
According to the latest data released by the International Aluminium Institute for November 2020, alumina production in West Europe stood at 456,000 tonnes, representing a growth of 8,000 tonnes or 1.8 per cent month-on-month. In October also, alumina production in West Europe stood higher...
LME aluminium price edged lower for the second consecutive day at US$1995.50/t; SHFE decreased to US$2398/t
The LME complex were mostly higher on Wednesday, with aluminium added 0.68 per cent. Benchmark aluminium price on the London Metal Exchange, however, extended drop by 0.22 per cent to finish the day at US$ 1995.50 per tonne on December 30. LME aluminium cash (bid) price and LME official settlement...
AlCircle launches new report - Aluminium Industry Recap 2020
As the year 2020 comes to an end, AlCircle recapitulates the year in its new report Aluminium Industry Recap 2020 . The report compiles the new major innovations, investments, expansions, and policy changes that either shaped or disrupted the global aluminium industry value chain in 2020. The...
COVID19 double whammies India’s light weight vehicle market; Sales to drop by 22-25% affecting aluminium consumption
The light vehicle market in India is estimated to see a drop in 2020, with sales falling 22-25 per cent, found two top global vehicle forecasting firms. This will be the highest decline among the top ten global markets, bringing India's position down below the top five. India is estimated to lose...
Vedanta extends aluminium product price cut by INR1500/t with effect from December 30
Vedanta Limited has extended the price cut of its aluminium products and aluminium ingot with effect from Wednesday, December 30. Marking the second consecutive decline, Vedanta’s aluminium wire rod price has come in at RMB 173,750-181,250 per tonne on December 30, down by INR 1500 per tonne from...
World alumina production up by 5.67% Y-o-Y to 11.385MT in Nov’20; Total production during Jan-Nov edged higher by 1%
World alumina production in November 2020 stood at 11.385 million tonnes, representing a month-on-month downfall of 1.10 per cent, according to the data revealed by the International Aluminium Institute (IAI). In October, world alumina output was 11.511 million tonnes, up by 6.04 per cent from...
A00 aluminium ingot price extends decline for the third consecutive day to RMB15770/t; Imported alumina price grows by RMB25/t
A00 aluminium ingot price in China has extended downfall by RMB 100 per tonne to stand at RMB 15,770 per tonne on Wednesday, December 30, marking the third consecutive day of decline, according to the Shanghai Metals Market. The average prices are expected to range between RMB 15,750 per tonne and...
India begins anti-subsidy investigation against Malaysia’s aluminium primary foundry alloy ingots exports
According to a recent report, India has started probing into alleged subsidised aluminium products exports by Malaysia, following a complaint by the domestic industry. The news came after the Directorate General of Trade Remedies (DGTR) began an anti-subsidy investigation to examine if Malaysia’s...
Primary aluminium production in East & Central Europe declines 3% M-o-M to 340,000 tonnes in Nov’20
In East & Central Europe, primary aluminium production came in at 340,000 tonnes in November 2020, representing a plunge of 11,000 tonnes or 3.12 per cent month-on-month. The production in October stood at 351,000 tonnes, up by 13,000 tonnes or 3.85 per cent from 338,000 tonnes in September. On a...
Rusal joins Japan Climate Leaders’ Partnership (JCLP) to advance low-carbon aluminium goals
Rusal, the company of En+ Group’s metals segment, has become a part of the Japan Climate Leaders’ Partnership (JCLP), a powerful business coalition in Japan that aims to advance sustainable low-carbon development. The news came after Anglo-Russian energy and metals company En+ Group announced it on...
SHFE aluminium price sheds US$33/t to US$2412/t after falling across the board in overnight trading
Shanghai base metals fell across the board in overnight trading, with aluminium decreased 0.95 per cent. The London Metal Exchange continued to remain close on Monday, December 28, for the Christmas holiday. As of Thursday, December 24, LME aluminium cash (bid) price and LME official settlement...
Coal India plans INR 1 lakh crore investments for its diversification into aluminium value chain and solar industry
The government of India has reportedly approved state-run Coal India Limited’s diversification plan into aluminium value chain and solar industry. Coal India has planned INR 1 lakh crore investments in building two aluminium plants in the eastern region and an entire solar module manufacturing...
Hindalco raises its aluminium wire rod and billets prices by INR1250/t after an intermittent cut
Hindalco Industries Limited increased the prices of its aluminium products and aluminium ingot on Friday, December 25, following an intermittent cut on Thursday, December 24. Hindalco raised its aluminium wire rod price by INR 1,250 per tonne from INR 180,850 per tonne to INR 182,100 per tonne....
China’s domestic auto market shows steady growth with sales to reach 25 million units at the end of 2020: CAAM
The automobile market in China started recovering in April 2020, with production and sales achieved year-on-year growth. According to China Association of Automobile Manufactures (CAAM) forecast, the domestic auto market is likely to achieve steady growth in the next five years, with sales...
A00 aluminium ingot price opens the week lower at RMB16,190/t; Aluminium alloy(A356) price shrinks to RMB16,900/t
According to the Shanghai Metals Market data, A00 aluminium ingot price has opened the week on Monday, December 28, with a decline of RMB 120 per tonne to stand at RMB 16,190 per tonne after two consecutive days of hike. The average prices are expected to range between RMB 17,170 per tonne and RMB...
