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.
Three-month LME aluminium closed 2.44% higher at $1848/t; SHFE price increased to $2223/t
Three-month LME aluminium climbed 2.44 per cent to close at US$ 1,848 per tonne on last Friday, with open interest falling to 743,000 lots. It is expected to trade between US$ 1,820-1,870 per tonne today. LME aluminium cash (bid) price and LME official settlement price rebounded on Friday, October...
Arksen’s first explorer yacht ‘Project Ocean’ will contain recycled aluminium from Hydro
Arksen announced its plan to build a cutting edge eco-friendly superyacht – the first explorer vessel ‘Project Ocean’ under Arksen 85 series. The yacht has officially gone into production in the United Kingdom and is ready to take sail within the next two years. The Arksen 85’s hull will contain...
Three-month LME aluminium stood three-week low at $1804/t this week; SHFE declined to $2186/t
On Monday, October 26, three-month LME aluminium shed 1.11 per cent to settle at US$ 1,822 per tonne. On Tuesday, it hit the lowest in more than two weeks at US$1,812 per tonne earlier in the session, closing down 0.05% to come in at US$1,821 per tonne. On Wednesday, October 28, the price closed...
Rio Tinto to invest $51 million in upgrading its Vaudreuil alumina refinery at Quebec
Rio Tinto, the world’s second-largest miner, is reportedly investing $51 million in upgrading facilities at its Vaudreuil alumina refinery in Quebec, Canada. According to the report, three new energy efficient buildings are under construction. Besides, existing facilities will be revamped with a...
Primary aluminium inventories in China extend decline this week by 7,000 tonnes to 688,000 tonnes
According to the Shanghai Metals Market, social inventories of primary aluminium have extended decline by 7,000 tonnes this week, ending on Thursday, October 29. The data shows the inventories have decreased across eight major consumption areas in China, including SHFE warrants, to come in at...
AMAG’s Jan-Sept revenue drops 18.1% YoY due to lower shipments in Casting and Rolling Divisions
AMAG Austria Metall AG has announced the comprehensive financial and operational reports for the first nine months of the year 2020, revealing that its revenue decreased by 18.1 per cent year-on-year from EUR 821.5 million to EUR 673.2 million. Earnings before interest tax, depreciation and...
US aluminium scrap exports to Mexico extended a hike of 16.5% M-o-M in July 2020, but fell by 19% on a year
In July 2020, the United States’ aluminium scrap exports to Mexico increased by 1,700 tonnes or 16.5 per cent month-on-month to stand at 12,000 tonnes, found the US Geological Survey data. In the month earlier, the US aluminium scrap exports to Mexico came in at 10,300 tonnes, increasing from as...
Hindalco reduces aluminium ingot price by nearly 1.5% this week in line with 3-month futures fall on LME
Hindalco Industries Limited has cut its aluminium ingot and aluminium product prices with effect from Wednesday, October 28, after raising them a week ago. The company is now selling its aluminium ingot at INR 153,750 per tonne compared with 156,000 tonnes as of October 22. This represents a...
LME aluminium price closed $7/t lower at $1801/t; SHFE plunged for the third day in a row to $2158/t
Three-month LME aluminium closed 0.52 per cent lower at US$ 1,811.5 per tonne on Wednesday, October 28, after hitting its lowest in nearly three weeks at US$ 1,802.50 per tonne earlier in the session. It is expected to trade between US$ 1,800-1,840 per tonne today. LME aluminium cash (bid) price...
Rusal’s bauxite production dips 1.6% Q-o-Q to 3.829MT in Q3 2020, while alumina output grows 0.4% to 2.018 MT
Rusal released its operating results for the third quarter of 2020 on October 27, 2020, revealing that its bauxite production decreased by 1.6 per cent quarter-on-quarter to amount to 3.829 million tonnes. In Q2, the company’s bauxite output was 3.89 million tonnes, increasing by 8.8 per cent...
Alumina production in West Europe declines 1.7% QoQ to 1.397MT in Q320, while output in East & Central Europe grows 3% QoQ
According to the latest data released by the International Aluminium Institute, alumina production in West Europe declined by 11.09 per cent month-on-month in September 2020 to amount to 433,000 tonnes. In August, production in West Europe was 487,000 tonnes, increasing by 10,000 tonnes or 2.1 per...
Rusal’s aluminium production increases by 1.3% Q-o-Q to 939,000t in Q3 2020, VAP sales rise by 25.4%
Rusal announced that its aluminium production in the third quarter of 2020 totalled 939,000 tonnes, increasing by 1.3 per cent quarter-on-quarter from 927,000 tonnes in Q2. Siberian smelters represented 93% of the output. Rusal’s aluminium production increased in the third quarter after a drop in...
No new aluminium production in China’s West, suggests Environment Ministry
On Tuesday, October 27, China’s environment ministry said no new aluminium production would be encouraged in the country’s sprawling western region, which occupies more than half the country’s total land area, including the Xinjiang region. Aluminium smelters in China have been increasingly...
Chinese alumina spot price sheds RMB4/t to settle at RMB2290/t; A00 aluminium ingot price falls sharply by RMB140/t
The average alumina spot price in China has recorded a dip of RMB 4 per tonne to stand at RMB 2,290 per tonne on Wednesday, October 28, according to the Shanghai Metals Market data. In Henan, alumina price is standing at RMB 2,290 per tonne as well but by declining RMB 10 per tonne from the...
Google Pixel 5: Brand’s first phone with 100% recycled aluminium
Google seems to have reached its goal of including recycled materials in its gadgets by recently producing Pixel 5 with 100 per cent recycled aluminium. Earlier this year, Google announced its commitment towards climate action plan for the next decade, along with its commitment towards...
Alba made a loss of BD 11.6 million in Q3 2020 as its Revenue from Contracts with Customers declined 8.5% YoY
Aluminium Bahrain B.S.C. (Alba) has reported its financial results for the third quarter and nine months of 2020, revealing that it experienced a loss of BD 11.6 million (US$31 million) in Q3, up by 209 per cent year-on-year from a profit of BD 10.7 million (US$28.4 million). In total nine months...
World alumina production gains 1.37% Q-o-Q to 32.935 MT in Q3 2020, output in September stands down by 3%
The world alumina production in the third quarter of 2020 improved by 1.37 per cent quarter-on-quarter from 32.935 million tonnes to 33.386 million tonnes, according to the latest data released by the International Aluminium Institute. On a year-on-year basis, the output in Q3 found almost flat...
LME aluminium price shed $6.5/t to settle at $1822.5/t; SHFE price decreased to $2200/t
Three-month LME aluminium shed 1.11 per cent to settle at US$ 1,822 per tonne on Monday, after hitting its lowest in more than two weeks at US$ 1,821.5 per tonne earlier in the session. It is likely to fluctuate between US$ 1,810-1,850 per tonne today. LME aluminium cash (bid) price and LME...
