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.
China’s A00 aluminium ingot price trends down by RMB80/t after seven consecutive days of hike; Input costs remain muted
After hiking for the seven consecutive days, A00 aluminium ingot price has trended down by RMB 80 on Tuesday, November 17, to stand at RMB 15,590 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 15,570 per tonne and RMB 15,610 per tonne, with spot...
AlCircleBiz is now Live! - World’s first-of-a-kind online marketplace for aluminium value chain
We are happy to announce the launch of “AlCircleBiz” - the first-of-a-kind global online B2B marketplace platform for the entire aluminium value chain. The official launch took place on November 14, 2020, in the presence of AlCircleBiz Team. AlCircleBiz is a unique initiative to connect millions of...
NALCO now selling its aluminium ingot at INR1400/t higher with effect from November 13
National Aluminium Company Limited (NALCO) has further increased the prices of its aluminium ingot and aluminium product, although lesser than the previous week, with effect from Friday, November 13. Compared with the hike of INR 4,500 per tonne on November 4, NALCO has raised its aluminium ingot...
Hyundai plans to bring mass-market electric vehicle in India investing over $40 billion into innovation
South Korean carmaker Hyundai Motor India Limited (HMIL) is reportedly planning to launch a mass electric vehicle in the Indian market to further strengthen its product line and also its position as a smart mobility provider, said a top executive to ETAuto in an exclusive interaction. Seon Seob...
Vedanta’s aluminium wire rods & billets prices increase for the third time in a row by INR1500/t w.e.f. Nov 13
Vedanta has increased the prices of its aluminium product and aluminium ingot for the third time in a row, with effect from Friday, November 13. The last time Vedanta hiked its aluminium prices was on November 4. This week, the company has raised its aluminium wire rods price by INR 1,500 per tonne...
Hindalco expands its aluminium ingot price by INR2000/t after more than a week
Hindalco Industries Limited has increased the prices of its aluminium ingot and aluminium products after more than a week, with effect from Friday, November 13. The company's aluminium ingot price is now standing at INR 163,750 per tonne, registering a hike of INR 2,000 per tonne or 1.24 per cent...
A00 aluminium ingot price in China stands RMB140/t higher to close the week above RMB15600/t
A00 aluminium ingot price has been continuing to hover above RMB 15,000 per tonne since the past ten days, and today, on November 13, the price has exceeded RMB 15,500 per tonne level. Growing by RMB 140 per tonne from RMB 15,490 per tonne on November 12, A00 aluminium ingot price has closed the...
SMaRT Centre in Sydney discovers a new sustainable recycling technology to advance ‘green aluminium’ manufacturing
Research by the UNSW Sustainable Materials Research and Technology (SMaRT) Centre in Sydney has discovered a new sustainable way of recycling that could initiate a new ‘green aluminium manufacturing revolution’ and help the government and aluminium industry to advance Australian manufacturing,...
China’s primary aluminium inventories shrink by 25,000t this week on increasing demand and limited stock arrivals
Further increase in demand among downstream producers and limited arrivals of stocks to warehouses have led to a loss of 25,000 tonnes in social primary aluminium inventories this week ending on Thursday, November 12, found the Shanghai Metals Market. SMM data shows the stocks have declined across...
30% electric vehicles penetration into automobile market can help India save INR 1 lakh crore on crude oil imports
Recently, a study by the Council on Energy, Environment and Water (CEEW) reveals that India can save up to INR 1 lakh crore ($14 billion) annually on crude oil imports if it indulges in electric vehicles and allow to garner 30 per cent share of the country’s new vehicle sales by 2030. The increase...
IAI releases Fatigue Risk Management guidelines for the aluminium industry
On Wednesday, November 11, the International Aluminium Institute (IAI) published a set of guidelines on Fatigue Risk Management for the aluminium industry, aiming to help IAI member companies and other aluminium industry stakeholders to manage fatigue in the workplace with a systematic approach....
LME aluminium price climbed $25/t to settle at $1905/t after a plunge on the previous day; SHFE price surged to $2399/t
Three-month LME aluminium rose 0.31 per cent to close at US$ 1,917 per tonne on Wednesday, November 11, with open interest rising to 749,000 lots. It is expected to trade between US$ 1,890-1,940 per tonne today. Both LME aluminium cash (bid) price and LME official settlement price recorded a surge...
UAE’s aluminium crude metal and alloys exports to the US soared in August 2020 to 33,700 tonnes
The United Arab Emirates’ aluminium crude metal and alloys exports to the US soared by 358.5 per cent month-on-month in August 2020 to come in at 33,700 tonnes, found the US Geological Survey’s latest data. This hike marks the second consecutive month of increase in the UAE’s aluminium crude metal...
Chalco’s Huasheng alumina refinery starts its second production line estimating to reach 100,000t output in Nov 2020
Chalco’s Huasheng alumina refinery at Fangchenggang Port in Guangxi has begun operations on its second production line, which will add 1 million tonnes per annum of alumina capacity to an already oversupplied market, said sources to Fastmarkets on Monday, November 9. “I heard their second operation...
MAAN Aluminium reports 7.01% hike in profit Y-o-Y to INR 3.36 crore in Q2FY21; Sales decline by 43.1%
India-based aluminium extrusion producing company MAAN Aluminium has reported the financial results of the September quarter 2020 revealing that its net profit increased by 7.01 per cent year-on-year from INR 3.14 crore to INR 3.36 crore, despite the decline in sales by 43.09 per cent to INR 93.15...
A00 aluminium ingot price soars by RMB170/t to stand at RMB15,350/t, Aluminium alloy (A356) price climbs by RMB200/t
A00 aluminium ingot price has soared by RMB 170 per tonne to stand at RMB 15,350 per tonne on Wednesday, November 11, marking the fourth consecutive day of rising, according to the Shanghai Metals Market data. The average prices are expected to range between RMB 15,330-15,370 per tonne, with spot...
US aluminium scrap exports to Korea down by 3.25% M-o-M but up 2.59% Y-o-Y in August 2020
The United States aluminium scrap exports to the Republic of Korea dipped slightly in August 2020, the third largest destination for the US aluminium scrap exports. The latest data from the US Geological Survey shows the United States supplied 23,800 tonnes of aluminium scrap to Korea in August...
EU levies $4 billion tariffs on US goods and services as part of Boeing-Airbus dispute
On Monday, November 9, the European Union announced that it would go ahead with its $4 billion tariff plans on the United States goods and services as part of the long-running illegal aid for plane maker Boeing. This decision is the latest twist in the 16-year trade battle over aircraft subsidies...
