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.
Chinese aluminium producers operating rates recovered 0.2 percentage point last week; September looks more optimistic
In the week earlier, operating rates across major aluminium processors in China climbed 0.2 percentage point on a weekly basis to stand at 77.4 per cent. Orders from automobile, construction, electronics, and packaging sectors improved, while orders at extrusion, wire, and cable producers did not...
Indian auto comp industry must upskill employees to ensure smooth transition to electric vehicles: Amitabh Kant
Amitabh Kant, CEO of the policy think tank NITI Aayog, has pointed out that upskilling the existing workforce in the Indian auto component sector would be an ideal way to ensure a smooth transition to electric vehicles. As far as the technical advancements are concerned required for the adoption of...
Shanghai Huafon Aluminium launching IPO on Shanghai Stock Exchange
According to a recent report, Shanghai Huafon Aluminium (601712) will start trading on the Shanghai Stock Exchange – Main Board from Monday, September 7, at a public offering price of RMB 3.69 per share, to raise RMB 921.13 million. Its initial listing shares will account for 25 per cent of the...
LME aluminium price increased by $9.5/t after three consecutive days of decline, SHFE hiked to $2135/t
The US dollar consolidated gains on Friday but was set for its biggest weekly rise in 2-1/2 months as an overnight drop in high-flying US technology stocks fuelled a bout of risk aversion in global markets. Three-month LME aluminium plunged to an intraday low of US$ 1,773.50 per tonne before wiping...
US aluminium scrap exports decline by 14% to 396,000 tonnes in Q2 2020, exports in June increase by 23% M-o-M
According to the latest data shown by the US Geological Survey of June 2020, the United States in the said month export 150,000 tonnes of aluminium scrap, bringing the total scrap exports in the second quarter of the year to 396,000 tonnes. In the first quarter (January-March), the United States...
LME aluminium price decreased this week from $1781.5/t to $1753/t; SHFE edged lower to $2099/t
On Monday, August 31, the US dollar hit a more than two-year low and a fourth straight month of losses in the wake of the US Federal Reserve’s policy shift on inflation. It was down by 1.24 per cent for the month, marking its worst August in five years and the longest run of monthly losses since...
European Commission recognizes Bauxite as ‘Critical Raw Materials’
The European Commission has reportedly included bauxite in the list of Critical Raw Materials for 2020 and shared an action plan and a foresight study on it for strategic technologies and sectors from the 2030 and 2050 perspectives. The inclusion of bauxite in the European Commission’s Critical Raw...
EEPC urges Commerce Minister to continue MEIS Scheme with no limit on claims for COVID hit aluminium industry
Engineering Export Promotion Council (EEPC) wrote a letter to the Commerce Minister, on Thursday, September 3, urging the continuation of the MEIS Scheme with no limit on claims for aluminium exports. The Council thinks this to be the best way to retain competitiveness in the market and survive the...
Hindalco undertakes measures to ensure sustainability & community development following red mud pond spillage incident
According to a recent report, Hindalco Industries Limited has taken a few significant steps to ward off incidents like industrial by-product bauxite residue spillage from the storage area that took place at Hindalco’s Muri alumina refinery in April 2019. The company has ensured the safety and...
Rusal’s Taishet anode plant to have SCHADE Technology for stockpiling and reclaiming of petroleum coke
United Company Rusal Plc (Rusal)’s new plant, to be commissioned in 2022 on 400 km east of Krasnoyarsk in Taishet in Russia, will reportedly have SCHADE technology. The Russian aluminium producer had first placed its order with SCHADE Lagertechnik GmbH at the end of 2019, for a wagon tippler and...
A00 aluminium ingot price plunges by RMB70/t to RMB14470/t, while input costs remain muted
According to the Shanghai Metals Market, A00 aluminium ingot price has recorded a plunge of RMB 70 per tonne to stand at RMB 14,470 per tonne, as of Friday, September 4, following a build-up of 6,000 tonnes in primary aluminium inventories on Thursday, September 3. The average aluminium ingot...
New, improved aluminium recycling method boosted by crystallization method
A new, innovative method for aluminium recycling, developed by researcher Dr Biao Cai from the University of Birmingham’s School of Metallurgy and Materials, shows microscopic changes that take place when molten alloys cool. Dr Biao Cai has used sophisticated high-speed X-ray imaging to record the...
Primary aluminium inventories increase by 6,000 tonnes W-o-W, following a decline last Thursday
According to the Shanghai Metals Market, the social inventories of primary aluminium have gained 6,000 tonnes over the week ending Thursday, September 3. The stocks have increased across eight major consumption areas in China, including SHFE warrants, to stand at 761,000 tonnes compared to 755,000...
Chalco Ruimin Co., Ltd. achieves ASI Performance Standard certification for responsible aluminium production and sourcing
Aluminium Stewardship Initiative announced on Wednesday, September 2, that it successfully certified Chalco Ruimin Co., Ltd. against the Performance Standard certification for responsible production, sourcing, and stewardship of aluminium. As per the report, ASI has certified Chalco Ruimin’s...
China’s aluminium imports surpassing exports over months on London-Shanghai price disconnect
Rise in China’s aluminium imports in July 2020 versus decrease in exports is seen as an inversion in trade flows due to the disconnect between Chinese market, which is in full recovery mode from the COVID-19 pandemic, and the rest of the world that is still struggling to get back on its feet....
LME aluminium price ended lower at $1778.5/t, and so the price of SHFE at $2118/t
The US dollar bounced off two-year lows on Wednesday as US data pointed to a firm manufacturing activity. Economic data published on Tuesday showed US manufacturing activity accelerated to a nearly two-year high in August amid a surge in new orders, with the reading from the Institute for Supply...
BAGR Berliner Aluminiumwerk commences a new casting line to manufacture high-quality aluminium rolling ingots
BAGR Berliner Aluminiumwerk GmbH, Europe's leading independent secondary aluminium slab producer, has announced on Tuesday, September 1, that it has started a fully-automated continuous casting line to manufacture high-quality rolling ingots in large widths. On commissioning of the new casting...
Shanghai bonded aluminium stocks tripled in August on brief opening of import arbitrage window between LME & SHFE
Aluminium stocks in Shanghai bonded warehouses increased three times in August from the previous month due to an increase in deliveries followed after the brief opening of arbitrage window between the London Metal Exchange and the Shanghai Futures Exchange in late July. According to Fastmarkets...
