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.
Passenger Vehicle sales in India witness a decline of 8.8% Y-o-Y to 249,860 units in October 2020: FADA
In October 2020, passenger vehicle (PV) registrations saw a year-on-year drop of 8.8 per cent to 249,860 units, according to the data shared by the Federation of Automobile Dealers Association (FADA). Total vehicle registrations at regional transport offices (RTOs), which are proxies for sales,...
India to seek early restoration of GSP trade privilege from Joe Biden demanding for higher tariffs rollback on aluminium
Settling the much-awaited India-America trade deal is likely to be one of New Delhi’s top priorities as soon as Joe Biden’s administration in Washington DC takes over as the New President of the United States. According to the report, New Delhi is all set to speed up its negotiation with Biden...
LME aluminium price exceeds $1900/t surging by 1.14% over the weekend; SHFE slips by $6/t to $2288/t
Three-month LME aluminium rose 0.05 per cent to close at US$ 1,902 per tonne on Monday, with open interest falling to 746,000 lots. It is expected to trade between US$ 1,880-1,940 per tonne today. LME aluminium cash (bid) price and LME official settlement price continued to increase for the third...
China’s primary aluminium production increases by 4.5% M-o-M to 3.25 MT in October 2020: SMM
In October 2020, China’s primary aluminium output recorded a month-on-month growth of 4.50 per cent to stand at 3.25 million tonnes, compared with 3.11 million tonnes in September, found the Shanghai Metals Market. On a year-on-year basis, China’s primary aluminium production in October stood...
China’s alumina production exceeds 6 MT in October 2020 surging by 4.23% M-o-M: SMM
According to the Shanghai Metals Market, China’s alumina production in October 2020 came in at 6.16 million tonnes, including 5.95 million tonnes of metallurgical-grade alumina. This marked an increase of 4.23 per cent from 5.91 million tonnes of output in September 2020. The average daily output...
US aluminium semis imports from Canada decline in Aug’20 for the third month in a row to 205,000 tonnes
In August 2020, the United States imported 205,000 tonnes of aluminium crude metal and alloys from Canada, extending decline for the third month in a row, albeit marginally by 1,000 tonnes or 0.49 per cent, found the US Geological Survey. The United States aluminium semis imports from Canada in...
Rossinavi delivers aluminium, full-custom superyacht EIV to its US client
Italian shipyard Rossinavi has reportedly delivered a 48.08 metre, full-custom superyacht – EIV to its client in the United States. Featuring fast-displacement aluminium hull, EIV is capable to cross the oceans and cruising in shallow waters at a speed of 15km. It has a maximum speed of 19km and a...
A00 aluminium ingot price in China opens the week higher at RMB15,160/t; Aluminium fluoride price soars by RMB350/t
A00 aluminium ingot price in China has begun the week with a surge of RMB 70 per tonne to stand at RMB 15,160 per tonne, as of Monday, November 9, found the Shanghai Metals Market. The average prices are expected to range between RMB 15,140 per tonne and RMB 15,180 per tonne, with spot contract to...
US benchmark A380.1 secondary aluminium alloy price stands 23-months high at 88-91 cents per lb
The benchmark A380.1 secondary aluminium alloy price in the United States has increased for the 13 th consecutive week to reach 23-months high, buoyed by rising raw material costs and strong demand from automotive die-casters. Fastmarkets assessed aluminium alloy A380.1 was delivered Midwest at...
India’s aluminium scrap imports from US extend growth by 24.4% M-o-M in August 2020
India’s aluminium scrap imports from the United States continued to increase in August 2020, according to the latest data released the US Geological Survey. The imports in August grew by 5,300 tonnes or 24.42 per cent from 21,700 tonnes in July to 27,000 tonnes. In June 2020, India’s aluminium...
US primary aluminium production declines to 80,000 tonnes in August’20; Secondary recovery stands up by 2,000 tonnes
According to the latest report released by the US Geological Survey, domestic primary aluminium production in the United States stood at 80,000 tonnes in August 2020, slightly down by 2,000 tonnes or 2.44 per cent from 82,000 tonnes in the month earlier. The average daily production came in at...
LME aluminium price rallied this week from $1834.5/t to $1891.5/t; SHFE closed higher at $2263/t
On Monday, November 2, three-month LME aluminium climbed 1.24 per cent to close at US$1,871 per tonne. On November 3 & 4, the price grew further by 1.18 per cent and 0.82 per cent to settle at US$ 1,893 per tonne and US$ 1908.50 per tonne, respectively. However, on Thursday, November 5, three-month...
US aluminium scrap exports to China decline for the second consecutive month in July 2020 to 8,500 tonnes
The United States aluminium scrap exports to China fell sharply in July 2020 by 13,100 tonnes or 60.64 per cent month-on-month to stand at 8,500 tonnes, marking the second consecutive month of decline, according to the US Geological Survey. In June 2020, the United States aluminium scrap exports...
Outlook to China’s heating season 2020-21 impact on prebaked anode industry
The Shanghai Metals Market has analysed the impact of the upcoming heating season on China’s prebaked anode industry, based on the relevant policies and specific measures in 2+26 cities. 2020 is the last year of China’s three-year action plan to fight air pollution, and many regions in northern...
India has a long way to match the global average consumption of aluminium in auto industry: Vedanta Aluminium’s Ajay Kapur
Ajay Kapur, CEO - Aluminium & Power at Vedanta Limited, has pointed out in a recent interview that transportation accounts for the largest share of aluminium consumption at 27 per cent across the globe. The use of aluminium in the auto sector surged after the oil crisis in 1970s, triggering fuel...
LME aluminium price closed higher at $1885.5/t amidst decreasing opening stock; SHFE climbed to $2263/t
Three-month LME aluminium fell 0.84 per cent to close at US$ 1,892.50 per tonne on Thursday, November 5, with open interest rising to 748,000 lots. It is expected to trade between US$ 1,870-1,910 per tonne today, November 6. LME aluminium cash (bid) price and LME official settlement price increased...
Bosnian aluminium producer Aluminij resumes production after a 15-months pause: Source
Bosnia’s ailing aluminium producer Aluminij has reportedly recommenced production after a halt for 15-months, thanks to an agreement with an Israeli-Chinese partner signed earlier this year, reported a local media. In April 2020, Israel’s M.T. Abraham Group and its partners China Machinery...
Hindalco’s aluminium ingot price increases for the third time in a row to stand at INR161,750/t w.e.f. Nov 4
Hindalco Industries Limited further increased the prices of its aluminium ingot and aluminium products on November 4, marking the third consecutive hike since October 31. The price of Hindalco’s aluminium ingot is now standing at INR 161,750 per tonne after an increase of INR 4,750 per tonne or...
