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.
LME aluminium price grew slower to stand at $1983/t; SHFE price dropped to $2403/t
Three-month LME aluminium fell 0.05 per cent to close at US$ 1,989 per tonne on Thursday, November 19, with open interest falling to 724,000 lots. It is expected to trade between US$ 1,970-2,010 per tonne today. Both LME aluminium cash (bid) price and LME official settlement price grew further on...
Hindalco back-to-back hikes its aluminium ingot price w.e.f November 19; price grows close to INR17,000/t
Hindalco Industries Limited is incessantly expanding the prices of its aluminium ingots and aluminium products since October 31 as the global aluminium benchmark price on the London Metal Exchange has surged significantly over more than a week. Like any other Indian aluminium producers, Hindalco...
China's primary aluminium inventories decline for the fifth consecutive week to stand at 615,000 tonnes
China’s social inventories of primary aluminium have declined today, on November 19, for the fifth consecutive week, although lower than the last week. Shanghai Metals Market data shows the inventories have plunged by 14,000 tonnes this week across eight major Chinese consumption areas, including...
Alcore to achieve the lowest production cost of aluminium fluoride, estimates ABx in recent economic assessment
Australian Bauxite Limited (ASX:ABX) has reported the economic assessment of its 89 per cent owned subsidiary Alcore Limited and work being undertaken by Alcore to process aluminium fluoride (AlF3). Aluminium fluoride is a mineral used for smelting aluminium. It is also being investigated for...
Dudley’s Aluminium bags Cardiff’s new redevelopment project contract worth above £6million
WALES’ leading aluminium fabricator Dudley’s Aluminium will again help in the redevelopment of Cardiff’s Central Square as it begins work on a major multi-million-pound project. Dudley’s Aluminium has secured the contract worth more than £6million, along with ISG. They will work closely with...
A00 aluminium ingot price in China nears RMB16000/t amid muted input costs
A00 aluminium ingot price in China has extended its growth on Thursday, November 19, to stand close to RMB 16,000 per tonne, according to the Shanghai Metals Market. Data shows the price has jumped by RMB 170 per tonne and standing at RMB 15,920 per tonne, with average prices likely to range...
Labor leader Anthony Albanese assures job safety to Tomago Aluminium plant workers
On Tuesday, November 17, Labor leader Anthony Albanese, accompanied by MP Meryl Swanson, toured Tomago Aluminium, Australia’s largest aluminium smelter. The Tomago tour was part of Labor’s plan to support more manufacturing jobs in the wider Hunter area. "Our plan is about the security of workers,"...
US aluminium scrap exports to Indonesia continue to grow for the third month in a row to 13,500 tonnes in Aug 2020
The United States aluminium scrap exports to Indonesia have been incessantly growing over the past three months since June 2020, following a month-on-month plunge in May from 5,620 tonnes to 4,510 tonnes. The US Geological Survey found the United States in August exported 13,500 tonnes of aluminium...
Hindalco’s aluminium ingot & product prices again see a hike of INR1750/t on November 18
Hindalco Industries Limited continues to hike its aluminium ingot and aluminium product prices for the sixth time in a row. With effect from Wednesday, November 18, Hindalco has increased the price of its aluminium ingot from INR 165,500 on November 14 to INR 167,520 per tonne. This represents the...
Rheinmetall’s Hasco KSPG Nonferrous Components to supply aluminium electromotor housings for electric vehicles
Chinese-German joint venture and the first tier auto industry supplier Hasco KSPG Nonferrous Components (KPSNC) has bagged a six-years order contract for aluminium electromotor housings from an internationally operating maker of premium automobiles. Designed for a water-cooled synchronous motor...
Zouping Hongfa Aluminium Science Technology Co. Ltd. to obtain China’s largest melting furnaces from Andritz AG
Zouping Hongfa Aluminium Science Technology Co. Ltd. has reportedly placed an order for one melting and holding furnace cell with Andritz AG, an Austrian plant engineering group with headquarters in Graz. The furnace cell will be installed in Zouping Hongfa’s plant in Shandong Province, China, and...
LME aluminium price continued to hike for the third consecutive day to settle at $1944.5/t; SHFE closed higher at $2369/t
Three-month LME aluminium rose 1.48 per cent to close at US$ 1982 per tonne on Tuesday, with open interest falling to 743,000 lots. It is expected to trade between US$ 1950-2000 per tonne today. Both LME aluminium cash (bid) price and LME official settlement price continued to record a hike on...
Alcoa Corporation to participate in Goldman Sachs Global Metals & Mining Conference on November 19
On Friday, November 13, Alcoa Corporation announced that the company’s Executive Vice President and Chief Financial Officer, William F. Oplinger, would participate in Global Metals & Mining Conference to be hold by Goldman Sachs virtually on Thursday, November 19 at 9:00 am EST. The session will be...
Karnataka state chief secretary directs to take necessary action against illegal transportation of red bauxite
Karnataka state chief secretary T M Vijay Bhaskar has directed Dakshina Kannada district administration and the mines and geology department to look into the complaint on illegal transportation of red bauxite from the district. The complaint was filed by former minister B Ramanath Rai, following...
NALCO raises its aluminium ingot price for the sixth time in a row by nearly 2% to INR 167,050-170,550/t w.e.f. Nov 17
National Aluminium Company Limited (NALCO) has expanded its aluminium ingot and aluminium product prices for the sixth time in a row with effect from Tuesday, November 17. Compared with the hike of INR 1,400 per tonne on November 13, NALCO has increased its aluminium ingot price by INR 3,000 per...
Alvance Aluminium to invest £94 million in building new aluminium casting & recycling facilities at Fort William smelter
Alvance Aluminium, a subsidiary of industrial tycoon Sanjeev Gupta’s GFG Alliance, declared that it would invest £94 million in expanding its Fort William operations by building new facilities for aluminium casting and recycling. This project is expected to secure Fort William’s future as a ‘Green...
Hindalco’s aluminium ingot price further rose to INR165,500/t on Nov 14 in line with incessant LME aluminium price hike
Hindalco Industries Limited has further increased the prices of its aluminium ingot and aluminium products, with effect from Saturday November 14. This marks the fifth consecutive time since October 31, 2020, that Hindalco has been increasing its aluminium prices. On November 14, the company...
China’s secondary aluminium operating rates dropped in October than expected due to low downstream pre-scheduled orders
In October 2020, operating rates of China’s secondary aluminium industry declined 2.1 per cent month-on-month to stand at 57.5 per cent, found the Shanghai Metals Market. On a year-on-year calculation, the operating rates dropped by 3 per cent, marking a greater fall compared with last year’s...
