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.
Top 5 alumina producers that keep the China market ahead
China is the highest alumina producer, contributing around 58 per cent of the world’s output. According to the International Aluminium Institute survey, China produced 82.27 million tonnes of alumina in 2023, up by 3.15 per cent from 79.76 million tonnes in 2022. With this annual hike, China’s 2023...
LME aluminium benchmark price closes at nearly 1% lower; SHFE price grows slightly US$3/t
LME aluminum opened at US$2,203.50 per tonne on Wednesday, February 28, with its high and low at US$2,203.50 per tonne and US$2,177 per tonne, respectively, before closing at US$2,191 per tonne, down 0.41 per cent. LME aluminium cash bid price shed off US$15.50 per tonne or 0.72 per cent to stand...
World alumina production welcomes 2024 with an annual hike of 3.9%
World alumina production welcomed 2024 with a slight month-on-month dip of 0.22 per cent but a year-on-year rise of 3.9 per cent, found the International Aluminium Institute. According to the data revealed, world alumina production in January stood at 12.052 million tonnes compared to 12.078...
Capral Aluminium Chairman Rex Wood-Ward will take his farewell on May 8, 2024
According to a report on February 28, Capral Aluminium Chairman Rex Wood-Ward will retire from the board at the conclusion of the company's Annual General Meeting on May 8, 2024. The news came after Mr Wood-Ward announced his retirement, telling Australia's leading publication, Trailer Magazine,...
UK TRA is reassessing its original anti-dumping duties on Chinese aluminium extrusions
On Tuesday, February 27, The UK Trade Remedies Authority announced that it reconsidered decisions concerning anti-dumping measures on aluminium extrusion imports from China. Of the two decisions, one is related to the recommendation of anti-dumping measures on certain Chinese aluminium extrusions,...
China’s A00 aluminium ingot price loses RMB20/t after an intermittent rise; Input costs display no change
According to the Shanghai Metals Market survey, China’s domestic A00 aluminium ingot price has dropped by RMB 20 per tonne, following an intermittent rise of RMB 110 per tonne the previous day. Thus, on Wednesday, February 28, the A00 aluminium ingot price has come in at RMB 18,790 per tonne, with...
US eliminates Russian aluminium from its brand new sanctions list
The United States has reportedly ruled out Russian aluminium and nickel from its new set of sanctions, which made several roundups in the media since early February 2024. According to the latest report on Monday, February 26, the United States declared sanctions on more than 500 people and entities...
Hind Aluminium in Q3 FY2024: Net profit surges by over 200% Y-o-Y despite continued net sales drop
On Tuesday, February 27, Hind Aluminium Industries Limited announced its consolidated quarterly results (October 1-December 31, 2023), explaining an in-depth comparison with the previous quarter and year. Hind Aluminium revealed its net sales in Q3 FY2023-24 stood at INR 0.14 crore, down 48.15 per...
Aftermath of US aluminium and steel tariffs show up in Pennsylvania, economic distress at its peak
Pennsylvania, the fifth-most populous state in the United States, is reportedly facing economic distress due to inflation and unemployment. Strained global supply chains, labour shortages, and historic inflation outpacing income have been causing hurdles for the past few years. Role of aluminium &...
LME aluminium price hits a one-month low on inventory surge in Shanghai; SHFE price gains US$14/t
On Monday, February 26, LME aluminium opened at US$2,182 per tonne, with its high and low at US$2,195 per tonne and US$2,175 per tonne, respectively, before closing at US$2,182 per tonne, down 0.09 per cent. According to the LME data, LME aluminium cash bid price and LME aluminium official...
Reynaers Aluminium joins ASI as a new Industrial User member
Last week, the Aluminium Stewardship Initiative announced the joining of Reynaers Aluminium, a European developer of aluminium products for the building sector, as a new Industrial User member. With its innovative range of aluminium products, Reynaers Aluminium offers comprehensive support to...
China’s A00 aluminium ingot price dumps RMB170/t over the weekend, standing at 2.2% lower M-o-M
On Monday, February 26, China’s domestic A00 aluminium ingot price shed off RMB 170 per tonne over the weekend to reach RMB 18,700 per tonne, found the Shanghai Metals Market data. The average prices are expected to range between RMB 18,680 per tonne and RMB 18,720 per tonne, with a spot contract...
Jan’24 World Vs GCC: Primary aluminium production ratio drops Y-o-Y despite a 1.3% growth in GCC’s output
In January 2024, the Gulf Cooperation Council produced 532,000 tonnes of primary aluminium compared to 530,000 tonnes in December 2023 and 525,000 tonnes in January 2023, found the International Aluminium Institute. Meaning, the output in January 2024 recorded a month-on-month growth of 2,000...
Samsung launches new fitness band featuring aluminium frame in the Philippines market
Samsung has reportedly unveiled its entry-level health and fitness tracker Galaxy Fit 3 in the Philippines market. The product started being available in the market from February 3, 2024, featuring aluminium frame. The new fitness band comes in grey, silver, and pink gold colour options. Although...
Simon McKeon to step down as Rio Tinto’s Non-Executive Director on May 2, 2024
Rio Tinto will reportedly see a change in its board at the end of the annual general meeting on May 2, 2024, as Simon McKeon will step down as a Non-Executive Director. Since the last year, Rio Tinto appointed five new Non-Executive Directors as it continued to refresh the composition of the board....
Kaiser Aluminum posts stellar earnings for FY2023 amid economic challenges; Revenue improves 6.5% Y-o-Y
Kaiser Aluminum Corporation, an American aluminium producer specialising in semi-fabricated products, has announced its fourth quarter and full-year results for FY2023, whereby it has declared a stellar performance under the leadership of CEO Keith Harvey and CFO Neil West. The company’s financial...
Chhattisgarh Govt. signs aluminium supply agreement with BALCO for Korba Aluminium Park project
The Chhattisgarh government is determined to revive an aluminium park proposal, initially submitted in 2021, to support small-scale industries in Korba. About 140 hectares of land were required to develop the Park, but the plan was put on hold for the past few years. Recently, the newly-elected...
2030 sustainability goals: Carlsberg and Ball outline a roadmap to increase recycled aluminium content in cans
Carlsberg, one of the world’s leading brewery groups, and Ball Corporation, the world’s leading aluminium packaging provider, have jointly outlined a roadmap to attain shared sustainability goals by 2030. Their sustainability goals include higher recycling rates and more recycled aluminium content...
