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.
AlCircle setting new virtual trends during COVID-19 by presenting first-of-its-kind online “Global Aluminium Expo 2020”
Difference between the virtual and real world has almost waned over the years due to the increasing influence of digitalisation. The presence and impact of digitalisation have been more so felt during the COVID-19 pandemic when direct human interaction, or for that matter intervention, is limited....
Recap 2020: Slowdown in production activities due to COVID19 let down primary aluminium demand & prices; Recovery began in H2
The first half of 2020 experienced a steady drop in primary aluminium prices worsened by falling demand for the metal due to the COVID19 pandemic. Slowdown in global economy caused by the unprecedented crisis touched upon almost all the industrial sectors, including automobile, construction, and...
US aluminium scrap imports from Mexico stand 8.3% higher to 11,700 tonnes in September 2020
According to the US Geological Survey data, the United States aluminium scrap imports from Mexico stood at 11,700 tonnes in September 2020. In the previous month, the United States imported 10,800 tonnes of aluminium scrap from Mexico, meaning the imports in September edged 8.33 per cent higher...
Primary aluminium inventories in China inch down by 3000 tonnes W-o-W to peg at 586,000 tonnes
According to the latest data shared by the Shanghai Metals Market, the social inventories of primary aluminium slipped by 3,000 tonnes over the week across eight major consumption areas on Thursday, December 24. Hence, the inventories are now standing at 586,000 tonnes compared to 589,000 tonnes on...
LME aluminium price settled 1.15% higher at US$2022/t; SHFE extended growth to US$2465/t
The LME complex cruised higher, with aluminium increased 1.3 per cent. Benchmark aluminium price on the London Metal Exchange stood 1.15 per cent higher at US$ 2022 per tonne on Thursday, December 24, from US$ 1999 per tonne on Wednesday. LME aluminium cash (bid) price and LME official settlement...
Aluminium price in India to see positive improvement by Q1 FY2021-22: Sridhar Patra, Nalco's Chairman & MD
In a recent interview, National Aluminium Company’s (NALCO) Chairman & Managing Director, Sridhar Patra, revealed his optimistic views saying that production activities are recommencing gradually and so the demand for aluminium has begun to rise in both international and Indian market, following a...
A00 aluminium ingot price jumps by RMB210/t after three days of decline in a row; Alumina spot price settles at RMB9/t higher
A00 aluminium ingot price in China has registered a hike on Wednesday, December 24, after three consecutive days of decline during December 21-23 from RMB 16,960 per tonne to RMB 16,060 per tonne. The price today is standing at RMB 16,270 per tonne after growing by RMB 210 per tonne, found the...
Recap 2020: Production & consumption balance in alumina market buoys steady price trend amid the COVID-19 pandemic
Alumina market witnessed a controlled price trend in 2020 as there had been a fair balance between production and consumption of the ore, even amid the unprecedented COVID-19 pandemic. In the first few months of the year, the prices trended down significantly due to lower buying interests among...
US aluminium scrap exports to Indonesia stand 35% lower M-o-M in September 2020; Total exports in Q3 strike 63% hike
The United States aluminium scrap exports to Indonesia stood at 8,780 tonnes in September 2020, recording a downfall of 34.96 per cent month-on-month, according to the US Geological Survey. In August 2020, the United States exported 13,500 tonnes, which stood up by 33.66 per cent from 10,100 tonnes...
LME aluminium price cruised lower for the second day in a row to $1993/t; SHFE price extends decline to $2425/t
The LME complex cruised lower on Tuesday, including aluminium slipped 1.63 per cent. Benchmark aluminium price on the London Metal Exchange plunged by 0.97 per cent to US$ 1993 per tonne on Tuesday, December 22, from US$ 2012.50 per tonne on Monday. Both LME aluminium cash (bid) price and LME...
Africa’s primary aluminium production decreases 5.15% M-o-M to 129,000 tonnes in November 2020
In November 2020, primary aluminium production in Africa came in at 129,000 tonnes, a decrease of 7,000 tonnes or 5.15 per cent month-on-month. In October 2020, Africa’s aluminium production stood at 136,000 tonnes, up by 5,000 tonnes or 3.82 per cent from 131,000 tonnes in September. On a...
Vedanta’s aluminium ingot price shrinks by INR1500/t w.e.f. December 22 after two consecutive hikes
Vedanta Limited has reduced the prices of its aluminium ingot and aluminium products with effect from Tuesday, December 22, after two consecutive hikes on December 10 and December 11. With the latest cut, Vedanta’s aluminium ingot price has come in at INR 167,750-180,750 per tonne, down by INR...
World primary aluminium production drops 3% M-o-M to 5.471MT in November 2020; Total output during Jan-Nov hikes 2.56%
According to the latest data released by the International Aluminium Institute (IAI), world primary aluminium production in November 2020 stood at 5.471 million tonnes, recording a downfall of 3.03 per cent month-on-month from 5.642 million tonnes. This decline comes after an intermittent hike of...
Altech terminates share purchase subscription agreement with Speciality Materials Investments LLC
According to a report on Monday, December 21, Altech Chemicals, together with Speciality Materials Investments LLC (SMI) have mutually decided to terminate the share purchase subscription agreement. The agreement was executed on April 22, 2020, for SMI to invest up to $2 million in Altech shares...
China’s A00 aluminium ingot price extends downfall to RMB16350/t; Aluminium fluoride price dwindles by RMB100/t
According to the Shanghai Metals Market, A00 aluminium ingot price has extended the downfall, although slower than on December 21, to stand at RMB 16,350 per tonne, as of Tuesday, December 22. The price today has fallen by RMB 180 per tonne compared with the decline of RMB 430 per tonne on Monday....
Supply shortages of aluminium and copper cause adverse impact on fan manufacturers in Pakistan: PEFMA
The Chairman of Pakistan Electric Fan Manufacturers Association (PEFMA), Fahad Rafiq, pointed out on Friday, December 18, that manufacturers of fans, utensils, electrical wires, car parts, kitchenware, die casting, machining, and aluminium window frames had been facing shortages of aluminium and...
Vimetco Extrusion joins Aluminium Stewardship Initiative as a new Industrial User Member
Vimetco Extrusion has joined the Aluminium Stewardship Initiative as a new Industrial User Member, bringing the total number of ASI members to 150. The news came after ASI announced that it officially welcomed Vimetco as a new member on December 18. ALRO’s downstream subsidiary Vimetco Extrusion is...
LME aluminium price surged by $21/t to close the week at $2049/t on Dec 18; SHFE opened the week at $2496/t
The LME complex ended mixed on last Friday, with aluminium fell 0.56 per cent. Benchmark aluminium price on the London Metal Exchange closed the week with an increase of 1.04 per cent to stand at US$ 2049 per tonne. Both LME aluminium cash (bid) price and LME official settlement price soared by US$...
