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.
Aluminium ingot inventories build up 28,000 tonnes on Jan. 4 on reduced consumption for early Chinese New Year break
According to the Shanghai Metals Market survey, aluminium ingot inventories in China have marked the beginning of the year 2024 with a notable hike. As per the data, social inventories of ingot across Chinese eight major consumption areas built up 28,000 tonnes week-on-week, reaching 462,000 tonnes...
North America encounters an evident shift in aluminium trade dynamics through Q3 2023, marked by a demand-production gap
The North American aluminum market experienced a significant shift in dynamics throughout Q3 2023, marked by a notable contraction in demand and a subsequent impact on trade dynamics. According to the preliminary estimates drawn by the Aluminum Association in its monthly Aluminum Situation report,...
Henan Mingtai Aluminum sells 106,200 tonnes of aluminium sheet with foil
According to a report on January 4, 2024, Henan Mintai Aluminum Industrial successfully sold 106,200 tonnes of aluminium sheet with foil in December 2023. The news came after the company said in a Thursday disclosure. In the same month, Henan Mintai Aluminum produced 109,500 tonnes of the material....
Alba's 2023 aluminium production sets a new high at 1.62 million tonnes
Aluminium Bahrain B.S.C. (Alba), one of the largest smelters in the world, has set a new record by producing 1,620,665 tonnes of aluminium in 2023. The output has registered an annual increase of 20,554 tonnes or 1.3 per cent from 1,600,111 tonnes. Alba's record production in 2022 It was in 2022...
China’s aluminium billet inventories begin 2024 on a higher note above 80,000 tonnes
The beginning of 2024 is witnessing growth in China’s aluminium billet inventories, reaching 82,000 tonnes. Until January 4, 2024, China’s social inventories of aluminium billets have encountered two back-to back hikes. The first increase this year was on January 2 by about 13,300 tonnes to 77,400...
Park-Ohio Holdings sells off its aluminium products business unit
Park-Ohio Holdings Corp., an international company providing strategic services and products that allow the world’s leading manufacturers to streamline their manufacturing processes, announced on January 3 that it completed the sale of its aluminium products business, effective December 29, 2023....
SMM’s preliminary estimation suggests a 3.6% growth in China’s 2023 aluminium output
The Shanghai Metals Market data has estimated that China's domestic aluminium production in December 2023 would be around 3.56 million tonnes, reflecting a year-on-year rise of 3.5 per cent and a month-on-month increase of 2.06 per cent. For the entire year, the estimation is 41.5 million tonnes of...
Fuel depot explosion in Guinea - probing its impacts on Chinese alumina production and prices
The fuel depot explosion in Conakry, Guinea, just before the year 2023 ended caused fuel sale restrictions, leading to transportation disruption. That led to a fret about bauxite availability in China, given that Guinea is the largest exporter of bauxite ore to China. The incident even led to...
Energy crisis & geo-political conflict take a toll on European aluminium production; 2023 Y-T-D output reflects a 1.79% fall
Primary aluminium production in Russia & Eastern Europe during January-November 2023 amounted to 3.671 million tonnes, down by 1.79 per cent from 3.738 million tonnes a year earlier. The geo-political conflict between Ukraine and Russia and energy crisis took a toll on production in 2023, resulting...
India & US to implement joint monitoring mechanism to ensure tariff-free aluminium exports
The Ministries of Mines, Steel, and the Department for Promotion of Industry and Internal Trade (DPIIT) have planned to set up an internal monitoring mechanism to ensure additional tariff-free aluminium and steel product exports to the United States. Earlier, Indian export of aluminium and steel...
AL Taiseer Aluminium Company receives approval for IPO launch
The Capital Market Authority (CMA) has reportedly approved the initial public offering (IPO) of Altaiseer Group Talco Industrial Company, popularly known as AL Taiseer Aluminium Company or TALCO. As per the report, TALCO will list 12 million shares, which account for 30 per cent of its share...
China’s aluminium processing industry PMI contracted in December 2023
Based on the Shanghai Metals Market survey of 123 Chinese aluminium processing enterprises, composite PMI (Purchasing Manager’s Index) for aluminium processing industry was 43.6 per cent in December 2023, down from 47.3 per cent in November. The PMIs for aluminium plate/sheet and strip processing,...
Chinese alumina price begins 2024 with a new high since a year standing above RMB3150/t; A00 aluminium ingot price resists growth
China’s average alumina spot price has continued to grow over the New Year weekend to kickstart 2024 at RMB 3,154 per tonne on Tuesday, January 2. According to the Shanghai Metals Market, the price has surged by RMB 35 per tonne since Friday, marking a week-on-week hike of RMB 128 per tonne from...
US aluminium plates, sheets and bars exports to Mexico shrink 5.77% in Q3 2023
In September 2023, the United States aluminium plates, sheets and bars exports to Mexico amounted to 23,000 tonnes, reflecting a month-on-month downfall of 10.85 per cent, according to the US Geological Survey. The decline occurred in September following an increase of 4.45 per cent in August from...
Africa & Asia’s alumina output during Jan-Nov’23 trails behind last year by 1.9%
The latest data revealed by the International Aluminium Institute for November 2023 indicates that Africa & Asia’s (ex-China) alumina production in the first eleven months of 2023 lags behind by 1.9 per cent from the prior year. Compared to 12.663 million tonnes of Africa & Asia’s (ex-China)...
China’s aluminium billet inventories closed the year 2023 at a new low of 64,100 tonnes
According to the Shanghai Metals Market data, China’s social inventories of aluminium billets ended the year 2023 on Thursday, December 28, at a new low of 64,100 tonnes. On a week-on-week calculation, aluminium billet inventories witnessed a drop of 800 tonnes, and from Monday, December 25, saw a...
US aluminium market shifts: Malaysia's imports surge to commanding 41% of exports by Sept 2023
Malaysia is a major aluminium importer from the United States. In 2022, the country accounted for 17 per cent of the United States aluminium crude metals and alloys exports and 20 per cent of the United States aluminium scrap exports. Till September 2023, Malaysia accounted for 41 per cent of the...
China’s primary aluminium inventories hit a new low for 2023 at 434,000 tonnes
On Thursday, December 28, China's social inventories of aluminium ingot hit a new low for the year, standing at 434,000 tonnes. Compared to Monday, December 25, the inventories registered a fall of 9,000 tonnes, while from the previous week, December 21, the inventories stood 12,000 tonnes lower....
