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.
China-Singapore Base sends off its first big consignment carrying aluminium coils
On February 22, the first big export consignment, consisting of aluminium coils from Southwest Aluminium (Group) Co., Ltd., reportedly embarked on a journey from the China-Singapore (Chongqing) Multimodal Transport Demonstration Base to the Port of Manzanillo in Mexico. The consignment comprised 31...
January 2024: World’s both monthly and daily primary aluminium production records an upswing of 2.36%
World primary aluminium production started 2024 with an annual rise of 2.36 per cent, reaching 6.039 million tonnes during January, according to the International Aluminium Institute survey. On a month-on-month basis, the output remained restrained compared to 6.042 million tonnes. The world's...
Century Aluminum in FY2023: Net sales fall 21.3% Y-o-Y in line with shipment fall
On February 21, 2024, Century Aluminum Company announced its fourth quarter and full-year results for 2023, revealing net sales of $512.3 million in Q4 2023 and $2,185.4 million in the entire year. Both in Q4 and full-year, Century's net sales experienced a downfall of 6.03 per cent (sequentially)...
Contact Energy yields a 70% higher net profit backed by potential deals with aluminium smelters
Contact Energy Limited, a New Zealand electricity generator, natural gas wholesaler, and electricity retailer, has experienced phenomenal financial growth in six months, ending December 31, 3023, buoyed by potential deals with aluminium smelters. As per the report, Contact Energy has earned a net...
National Bank of Oman to lend financial aid to Sohar Aluminium for operational development
On Monday, February 19, the National Bank of Oman (NBO) agreed to provide a working capital facility worth US$50 million to Sohar Aluminium Co. LLC for its operational requirements. The news came after Abdullah Al Hinai, Chief Executive Officer at the National Bank of Oman, and Engr Said Mohamed Al...
LME aluminium price dips by $2/t but stands 1% higher M-o-M; SHFE market resumes after CNY with a 0.5% price fall
LME aluminium opened at US$2,220 per tonne last Friday, with its high and low at US$2,238 per tonne and US$2,214 per tonne, respectively, before closing at US$2,217.35 per tonne, down by US$6.50 per tonne or 0.29 per cent. On Friday, February 16, LME aluminium cash bid price and LME aluminium...
EGA will work with the UAE AI office to accelerate digitisation in industrial sectors, including aluminium
Emirates Global Aluminium and the UAE's Artificial Intelligence, Digital Economy and Remote Work Applications office will promote the adoption of artificial intelligence (AI) across the region's industrial sectors. The news came on Wednesday, February 14, after the signing of a memorandum of...
2023: Primary aluminium production in Russia & Eastern Europe dips 1.5% despite rebound in Q4
In Russia and Eastern Europe, primary aluminium production during December 2023 stood at 345,000 tonnes, bringing the fourth quarter output to 1.02 million tonnes, according to the International Aluminium Institute. As per the data, the monthly production grew sequentially by 3.92 per cent from...
LME aluminium benchmark price grows back-to-back at 0.73%; SHFE is closed for CNY holidays
On Tuesday, February 13, both LME aluminium cash bid price and LME aluminium official settlement price continued to grow by US$16 per tonne or 0.73 per cent to settle at US$2,203 per tonne and US$2,204 per tonne, respectively. On a month-on-month basis, the LME aluminium benchmark price has...
Latvia DRS attains 80% return rate in 2 years with TOMRA’s reverse vending solutions
Latvia, a country on the Baltic Sea between Lithuania and Estonia, has announced its achievement of an 80 per cent return rate since it launched a deposit return system (DRS) for drink container recycling made of aluminium, plastic or glass. Latvia launched a deposit return system (DRS) on February...
Hindalco in 3QFY2024: Double-digit growth in net profit due to lower input costs & steady performance
On Tuesday, February 13, Hindalco Industries Limited announced a strong double-digit growth in net profit for the third quarter of FY2024 ended December 31, 2023. As per the report, the Aditya Birla Group Company’s consolidated net profit soared 71 per cent year-on-year to amount to INR 2,331...
Vedanta Aluminium launches one-of-a-kind, integrated e-commerce platform for primary aluminium product sales
Vedanta Aluminium has reportedly launched an e-commerce platform called Vedanta Metal Bazaar for primary aluminium product sales. The platform will facilitate buyers with a real-time shopping experience, providing AI-based price discovery, end-to-end visibility of purchases, and in-time delivery....
Novelis net sales continue falling 3.9% Q-o-Q on lower aluminium rolled-product shipments during Q3 FY2024
On Monday, February 12, Novelis, the world’s leading producer of aluminium flat-rolled products and recycler, announced the third quarter results for the financial year of 2023-24, revealing net sales of US$3.94 billion, down by 3.9 per cent Q-o-Q from US$4.1 billion and 6.19 per cent less Y-o-Y...
Update on Vedanta’s demerger: 9-12 months more to complete the process, says John Slaven
A top official of Vedanta Limited has apprised that the company is close to demerging its key businesses, including aluminium, and is likely to complete the process in the next nine to twelve months. The news came after John Slaven, CEO of the aluminium business of Vedanta, said in an interview...
Sohar Aluminium to finance a building construction in Suhar as part of its CSR activity
Sohar Aluminium Company, the first aluminium smelter in the Sultanate of Oman, will reportedly finance the construction of a building for Takaful Suhar Social Charity Team in Suhar, North Batinah. The news came on Sunday, February 11, after Sohar Aluminium inked a memorandum of understanding (MoU)...
Rusal's new cast alloy with 25-30% recycled aluminium allies with carbon neutrality and circular economy commitments
Rusal, the world's largest aluminium company by primary aluminium output, announced that it produced cast alloy with a higher share of recycled aluminium content, which increased to 25-30 per cent. The alloy is tailored primarily for the automotive industry. This new alloy is equivalent to Rusal's...
LME aluminium benchmark price shrinks by US$40.5/t; SHFE market is closed for the CNY holiday
On Friday, February 9, LME aluminium cash bid price and LME aluminium official settlement price stood at US$2,179.50 per tonne and US$2,180.50 per tonne, respectively. The latter showcased a sharp fall of US$40.50 per tonne. As per the LME data, 3-month bid price and 3-month offer price settled at...
Primary aluminium weekly recap: EU plans not to include Russian aluminium in its 13th sanctions package; Egypt approves E£2.9 billion investment in metal industry
While recapitulating the week, the primary aluminium sector flashes some very important events and information. For instance, the European Union is now contemplating refraining from banning Russian aluminium imports in its next sanctions package; the Southland Chamber of Commerce is assisting Tiwai...
