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.
Primary aluminium inventories in China fall sharply by 34,000 tonnes on November 5, 2020
According to the Shanghai Metals Market, social inventories of primary aluminium ingots have shrunk sharply this week, ending on Thursday, November 5, due to robust downstream demand and limited arrivals of stocks. Data shows the inventories have decreased by 34,000 tonnes across eight major...
NALCO further increases its aluminium ingot price by INR4,500/t with effect from November 4
National Aluminium Company Limited (NALCO) has further increased the prices of its aluminium ingot and aluminium products with effect from Wednesday, November 4, 2020. The price of NALCO’s aluminium ingot has been raised significantly by INR 4,500 per tonne or nearly 3 percent from INR 158,150-...
Metallica Minerals sells its shares in Urquhart Bauxite Project to Clear Logistics Australia Pty Ltd
According to a recent report, Metallica Minerals Limited has entered into a sale agreement with Clear Logistics Australia Pty Ltd, a private company with experience in bauxite, heavy mineral sand and industrial sand, and gravel operations. The latter will purchase Metallica’s subsidiary company...
A00 aluminium ingot price drops for the second day in a row to RMB15,080/t; Australian alumina FOB price dips by $2/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has extended its downfall on November 5, albeit lower than the previous day, to stand at RMB 15,080 per tonne. The price today has fallen by RMB 10 per tonne compared with the decline of RMB 60 per tonne on November 4. The...
LEVC starts production of its new electric van VN5 using 400 individual pieces of aluminium
On Tuesday, November 3, LEVC (London Electric Vehicle Company) announced that it started the production of its second product line - electric van VN5. VN stands for van and 5 for the volume of the cargo area. The company said that it had been designing, engineering and manufacturing the car at its...
Chalco to sell 135,000tpa aluminium smelting capacity quota to Yunnan Aluminium: Source
Aluminum Corporation of China Limited, popularly known as Chalco, announced on Tuesday, November 3, that it would sell a smelting capacity quota of 135,000 tonnes per annum to Yunnan Aluminium. Like Chalco, Yunnan Aluminium is also a subsidiary of state-owned Chinalco, the world’s biggest aluminium...
Sarmin Bauxite sells 75% of its shares to Lindian Resources in exchange for 30.67 million new Lindian shares
Julien Balkany, the Vice-Chairman of the Board of Directors at Sarmin Bauxite Limited, confirmed that it entered into a definitive investment agreement with Lindian Resources of Australia on September 23, 2020. The agreement represents the sale of 75 per cent of shares of Sarmin Bauxite to Lindian...
NALCO increases its aluminium ingot price for the third time in a row by INR600/t w.e.f. November 1
National Aluminium Company Limited (NALCO) has extended the growth of its aluminium ingot and aluminium product prices for the third time in a row, albeit lower than the previous times, with effect from November 1. NALCO has raised its aluminium ingot price by INR 600 per tonne on November 1,...
LME aluminium price soared to $1891/t marking the third consecutive day of hike; SHFE plunged to $2226/t
Three-month LME aluminium climbed 1.18 per cent to close at US$ 1,893 per tonne on Tuesday, November 3, with open interest rising to 742,000 lots. It is expected to trade between US$ 1,870-1,910 per tonne on November 4. LME aluminium cash (bid) price and LME official settlement price increased for...
Outlook to China’s 2020-21 heating season impact on aluminium and alumina industries: SMM
Many northern regions in China are about to enter the heating season. This year is the final year of China’s three-year “Blue Sky” action plan. So, the Shanghai Metals Market has presented an analysis of the heating season on the aluminium and alumina industries based on relevant policies and...
Vedanta’s aluminium ingot price rises significantly by INR4,750/t with effect from November 3
Vedanta’s aluminium ingot and aluminium product prices have been raised significantly with effect from November 3, following back-to-back declines on October 28 and 30. The company has grown its aluminium ingot price by INR 4,750 per tonne or 3.16 per cent on November 3 from INR 150,250-163,250 per...
Hindalco further increases its aluminium product prices by INR1750/t with effect from November 3
Hindalco Industries Limited has extended the growth of its aluminium product prices with effect from Tuesday, November 3. The price of Hindalco’s aluminium wire rods has been raised by INR 1,750 per tonne from INR 166,350 per tonne to INR 168,100 per tonne, as of November 3. With the latest hike,...
AEM Canada completes post treatment of its HPA product in German trials to produce superfine HPA
AEM Canada Group Inc. has reportedly announced that the design problems with its Cap Chat Plant’s Fluidized Bed Roaster and Calciner have been resolved successfully, while adding that commissioning ramp-up to the current design of 900 tpa High Purity Alumina (HPA) will continue for the rest of the...
China's A00 aluminium ingot price extends growth to RMB15150/t; Prebaked anode price in Central hikes by RMB80/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has recorded a surge of RMB 100 per tonne on Tuesday, November 3, to stand at RMB 15,150 per tonne, marking the third consecutive day of rising since October 30. On November 2, the price opened the week with a hike of RMB...
2 Days to Go to IBAAS-JNARRDC webinar on aluminium value chain!
Only 2 days to go to the much-awaited online conference organised by the International Bauxite, Alumina & Aluminium Society (IBAAS) on November 4-6, 2020. The conference will bring leading International experts in one platform to deliver excellent presentations on the latest topics of the aluminium...
CEOs of Siemens Energy and EGA meet to review construction progress of power block for aluminium smelting
Christian Bruch, Siemens Energy’s Chief Executive Officer, and Abdulnasser Bin Kalban, Emirates Global Aluminium’s CEO, have reportedly met to evaluate the progress of a very highly-efficient power generation facility under construction at EGA Jebel Ali site and discuss potential future...
Telangana is aiming to become a hub for Electric Vehicles; Launches a 10-year EV policy
On Friday, October 30, the Government of Telangana launched the 10-year 'Telangana Electric Vehicle & Energy Storage Policy' with a vision to make the state a hub for electric vehicles (EVs) and energy storage systems (ESS). The policy, launched in the presence of ministers KT Rama Rao and Ajay...
Norsk Hydro and Hindalco oppose LME’s plans for a separate low-carbon aluminium trading platform
According to a recent report, some of the world’s largest aluminium producers like Norwegian group Norsk Hydro and India’s Hindalco Industries are resisting the London Metals Exchange’s plans of launching a “green aluminium” trading platform. The news came after the companies said they both opposed...
