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.
Sustainable bauxite mining required in India to meet estimated aluminium demand growth to 12 MTPA by 2030
Increasing bauxite imports in India has caused an estimated forex loss of over $400 million in the last five years and missed opportunities to generate mass scale employment, a recent report found. This is despite India having the world’s fifth-largest coal and bauxite reserves, which are the two...
China’s unwrought aluminium and aluminium semis exports continue to increase 7.7% M-o-M in Sept’20
China Customs data released that the country’s unwrought aluminium and aluminium semis exports in September 2020 stood at 426,000 tonnes, up by 7.7 per cent from 395,424 tonnes in August but down by 2.1 per cent from 435,000 tonnes during the same period last year. After the addition of September...
India’s aluminium semis exports to the US continue to grow by 127% M-o-M in July 2020
According to the US Geological Survey data for July 2020, India’s aluminium crude metal and alloys exports to the US increased by 127 per cent month-on-month. From 5,150 tonnes in June, India’s exports jumped to 11,700 tonnes in July, shows the data. In May, India’s aluminium crude metal and alloys...
Hindalco hikes its aluminium prices by INR3500/t w.e.f October 17 after a cut on the previous day
Hindalco Industries Limited has increased its aluminium ingot and aluminium product prices with effect from Saturday, October 17, following a cut on October 16. The price of Hindalco’s aluminium ingot has been raised by INR 3,500 per tonne on October 17 after being reduced by INR 1,500 per tonne on...
Three-month LME aluminium climbed to the highest since April at $1,872.5/t; SHFE rebounded to $2217/t
Three-month LME aluminium stood at US$ 1,872.5 per tonne on Friday, October 16, the highest since April 2020, before paring some gains to end 0.49 per cent higher at US$ 1,863.5 per tonne. It is expected to move between US$ 1,840-1,880 per tonne today. Both LME aluminium cash (bid) price and LME...
China’s Henan Shenhuo Group expecting to start the second phase of its Yunnan project in Q1 2021
China’s Henan Shenhuo Group is expected to start production at the second phase of its 900,000 tonnes per year aluminium project by the first quarter of CY2021, said an official familiar with the matter. The second phase of the project, located in Wenshan prefecture in Yunnan province, will be...
LME aluminium price trended up this week from $1829.5/t to $1865.5/t amid declining opening stock; SHFE price rose to $2185/t
Three-month LME aluminium rose 0.49 per cent on Monday, October 12, to end at US$ 1,856 per tonne. On October 13, it ended 0.16% lower at US$1,853 per tonne an shed further on October 14 to come in at US$ 1,847.5 per tonne. On October 15, however, the price strengthened 0.51% to end at US$1,854.5...
Vedanta’s aluminium prices reduced by INR1500/t after five hikes in a row this month
Vedanta Limited has cut its aluminium ingot and aluminium product prices with effect from October 16 after five consecutive hikes since October 6. The price of aluminium ingot has been reduced by INR 1,500 per tonne or 1 per cent from INR 153,500-166,500 per tonne to INR 152,000 -165,000 per tonne....
China to boost annual aluminium production capacity by another 3 million tonnes in 2021: Antaike
China will add another 3 million tonnes of annual aluminium production capacity in 2021 – more than half the capacity in the emerging smelting hub of Yunnan province, said Antaike on Wednesday, October 14. The abundant availability of hydropower in Yunnan already bought some major aluminium...
Jamaica mining communities to benefit from $60 million under Bauxite Community Development Programme
Robert Montague, minister of transport and mining of Jamaica, said that mining communities across the island would be able to benefit from more than $60 million allocated under the Bauxite Community Development Programme (BCDP). Speaking at the launch of Phase Seven of the programme on October 13,...
Alcoa made a record bauxite shipment of 12 million-plus in Q3'20 in tandem with robust production at Huntly and Willowdale mines
Alcoa Corporation made a record third-party shipment of 12 million-plus dry metric tonnes of bauxite during the third quarter of 2020 ended on September 30, backed on robust production year to date at Alcoa’s Huntly and Willowdale bauxite mines. Boosted by this result, Alcoa’s bauxite shipments are...
GITC suggests anti-dumping duties on Chinese aluminium coils and circles fearing domestic industry’s injury
The Ghana International Trade Commission (GITC) has pointed out that the dumping of aluminium coils and circles from China onto the Ghanaian domestic market are causing material injury and posing a threat to the domestic industry. So, on Thursday, October 15, Professor Paul Kuruk, Vice Chairman of...
A00 aluminium ingot price drops for the second consecutive day by RMB10/t; Input costs remain restrained
A00 aluminium ingot price has extended its drop, albeit lower than October 15, by RMB 10 per tonne to stand at RMB 14,950 per tonne, as of Friday, October 16, found the Shanghai Metals Market. The average prices are expected to range between RMB 14,930 per tonne and RMB 14,970 per tonne, with spot...
Aluminium billet inventories drop by 3,200 tonnes to stand at 102,500 tonnes this week
Aluminium billet inventories in China have decreased this week, ending on Thursday, October 15, due to a decline in arrivals at warehouses, found the Shanghai Metals Market. SMM data shows the aluminium billet stocks have dipped by 3,200 tonnes from last Friday, October 9, across five major...
Assan Alüminyum joins ASI as a new Production and Transformation member
Assan Alüminyum, one of the world’s leading flat-rolled aluminium manufacturers, has joined the Aluminium Stewardship Initiative as a new Production and Transformation member, bringing the total number of members working toward a responsible aluminium value chain to 135. Assan Alüminyum has been...
Aluminium producer Norsk Hydro setting up two new divisions - Renewables Growth and Batteries
Aluminium producer Norsk Hydro is boosting its sustainability drive by setting up two new divisions - Renewables Growth and Batteries, announced the company on Tuesday, October 14. Hydro provides aluminium to a range of industries, including the construction and automotive industry. Hydro said the...
ASI certifies Alu-Met’s Speedline Aluminium-Gießerei GmbH facility against Performance Standard certification
Aluminium Stewardship Initiative has certified Alu-Met GmbH against Performance Standard certification for remelting and casthouse operations at the Speedline Aluminium-Gießerei GmbH in Schlins, Austria. The facility uses an average of more than 70 per cent recycled aluminium feedstock to produce...
LME aluminium price shed $5/t to stand at $1836/t after four consecutive days of hike; SHFE increased to $2218/t
Three-month LME aluminium shed 0.43 per cent to end at US$ 1,847.5 per tonne on Wednesday, October 14, after hitting an intraday high at US$ 1,858.5 per tonne earlier in the session. It is expected to move between US$ 1,830-1,870 per tonne today. Both LME aluminium cash (bid) price and LME official...
