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.
Sohar Aluminium records a new level of hot metal production at 390,516 tonnes in 2019
Sohar Aluminium achieved a record hot metal production of 390,516 tonnes in 2019, underscoring its ambition to become the benchmark smelter in the Middle East. This production milestone came on the 10 th anniversary of Sohar operations, jointly owned by the Omani government (40 per cent)...
COVID-19 Fight: Utkal Alumina Hospital in Rayagada district turned into Covid Care Centre
According to a recent report, the Odisha Government has designated the hospital of Utkal Alumina International Limited, located at Doraguda village of Kashipur, Rayagada district, as the Covid Care Centre. Aditya Birla Group Company’s Utkal Hospital was earlier being used for institutional...
SHFE aluminium price rose marginally by $1/t to $2154/t, most-liquid SHFE 2010 contract ended 0.7% lower
The US dollar hit a more than two-year low and a fourth straight month of losses on Monday in the wake of the US Federal Reserve’s policy shift on inflation. It is down 1.24 per cent for the month, marking its worst August in five years and the longest run of monthly losses since the summer of...
China Zhongwang reduces European operation due to EU anti-dumping investigations and COVID-19 pandemic
Chinese aluminium products company China Zhongwang Holdings Limited has curtailed its European sales operation as a result of the European Union’s anti-dumping investigations and coronavirus-induced economic downturn, said two sources familiar with the matter. Zhongwang, a world leading...
Teenage boy from Whittlesey collects thousands of aluminium cans for the charity Helipads for Hospitals
Teenage Army Cadet Frankie Newbatt from Whittlesey has collected thousands of aluminium cans with the help of local people and business for the charity Helipads for Hospitals. Helipads for hospitals are appealing for aluminium cans, which can be recycled and used in the manufacture of helipads....
A00 aluminium ingot price begins the week with a rise of RMB80/t, while aluminium alloy(A356) price grows to RMB15350/t
According to the Shanghai Metals Market, A00 aluminium ingot price has grown by RMB 80 per tonne on Monday, August 31, to stand at RMB 14,760 per tonne, following two consecutive declines of RMB 40 per tonne and RMB 50 per tonne to come in at RMB 14,680 per tonne. The average prices today are...
UK aluminium scrap price stood at £1,200-1,250 per tonne this week, surpassing pre-COVID19 pandemic levels
According to a recent report, the United Kingdom’s secondary aluminium prices extended rise on Wednesday, August 26, as limited regional supply drove LM24 ingot prices above the levels seen before the COVID-19 pandemic. The UK secondary aluminium market suffered considerably due to the COVID19...
COVID-19 weighs on China Zhongwang’s aluminium extruded and flat rolled production & sales in H1 2020
China Zhongwang Holdings Limited, a world-leading fabricated aluminium products developer and manufacturer, has announced its unaudited interim results for the first half of 2020 ended on June 30. The company’s total sales volume during the period stood approximately at 351,637 tonnes, with revenue...
LME aluminium price settled higher this week at $1762/t amidst incessant opening stock decline; SHFE trended up at $2128/t
Three-month LME aluminium started the week on Monday, August 24, with a growth of 0.11 per cent to stand at US$ 1770 per tonne. On Tuesday, the price settled 0.51 per cent higher at US$ 1779 per tonne, which however, weakened a bit by 0.17 per cent on Wednesday, August 26, to end at US$ 1776 per...
Iranian vessel spotted with 14,000 tonnes of alumina cargo in Venezuela, destination unknown: Sources
An Iranian-flagged vessel loaded a cargo of 14,000 tonnes of alumina in Venezuela this month after delivering supplies for an Iranian supermarket in the South American nation, said three sources familiar with the matter. However, the customer of the cargo or the destination is still unknown....
US aluminium scrap imports from Canada continue to grow M-o-M by 16% in May 2020
The United States aluminium scrap imports from Canada stood at 19,800 tonnes in May 2020, growing by 2,800 tonnes or 16.47 per cent from 17,000 tonnes in April 2020, according to the latest data shared by the US Geological Survey. In March 2020, the US had imported 5,490 tonnes of aluminium scrap...
Canyon Resources completes a range of testing on Minim Martap bauxite for pre-feasibility study
According to a recent report, Canyon Resources has completed a range of testing, supporting the bauxite technical specification datasheet, the basis for ongoing offtake and strategic partnership negotiations for Minim Martap Project in Cameroon. The testing included a broad range of chemical,...
Three-month LME aluminium ended 11% higher at $1779/t; SHFE declined to $2128/t after three consecutive hikes
The US dollar gained on Thursday, August 27, in choppy trading after Federal Reserve Chairman Jerome Powell said, as widely expected, that the US central bank would roll out an aggressive new strategy to lift US employment and inflation. Three-month LME aluminium fluctuated widely on Thursday,...
Chalco’s H1 profit declines 95% Y-o-Y on lower aluminium prices and fall in production below Russian rival Rusal
Aluminum Corporation of China Limited, popularly known as Chalco, reported on Thursday, August 27, that its profit fell 95 per cent year-on-year in the first half of 2020, attributing to lower aluminium and alumina prices and decrease in primary aluminium production. The net income of the company...
Alumina production grows by 8,000 tonnes in North America during July 2020, but declines by 16,000 tonnes in South America
According to the latest data shared by the International Aluminium Institute, alumina production in North America rose month-on-month in July 2020 by 8,000 tonnes or 3.6 per cent to stand at 231,000 tonnes. In June, the output was 223,000 tonnes, growing by 13,000 tonnes or 6.19 per cent from...
Primary aluminium inventories in China loss 7,000 tonnes this week, stocks standing at 755,000 tonnes
Primary aluminium inventories in China have recorded a plunge of 7,000 tonnes this week ended on Thursday, August 27, following a rise of 25,000 tonnes in the week earlier, found Shanghai Metals Market. According to the data, the social inventories of primary aluminium have declined across eight...
COVID-19 opens new opportunities for secondary aluminium manufacturers, Pharma & Real Estate to fuel demand: JAL
Despite all the odds and adverse situations generated by the COVID-19 pandemic, it has supposedly opened new floodgates for the secondary aluminium manufacturers, commented Pragun Jindal Khaitan, Managing Director at Jindal Aluminium Limited (JAL). Mr Khaitan said, “Though JAL did experience the...
China’s alumina imports grow more than double to 417,263 tonnes in July 2020
In July 2020, China imported 417,263 tonnes of alumina, more than double the 200,000 tonnes in the year ago, according to Chinese customs data released on Tuesday, August 25. China’s total alumina imports since the beginning of the year has come in at 2.33 million tonnes, up by 341.2 per cent from...
