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.
World alumina production in Nov’23 records a 2% drop M-o-M, but daily output grows amply
The current International Aluminium Institute data showed the world alumina production in November 2023 fell month-on-month by 1.90 per cent to 11.858 million tonnes, following an increase in October output. According to IAI, world alumina production in October was 12.088 million tonnes, up by 0.99...
Japanese aluminium buyers agree to pay $90/t premium for Q1 2024 shipment
Japanese aluminium buyers have reportedly agreed to pay global producers a shipment premium of $90 per tonne over the LME benchmark price for the March quarter of 2024. The news came on December 28 after three sources directly involved in the pricing talks revealed. Compared to the current quarter...
5 technology companies transformed the face of 2023 aluminium industry with unique equipment & digital solutions
The global aluminium industry in 2023 has witnessed a massive transformation in terms of technology than ever before. With sustainability goals in mind, the industry has welcomed advanced digital solutions, automation, and the latest machines/equipment; indeed, the result was inevitable. Quality...
Shandong Hongchuang Aluminum Industry chairman quits the role
According to a report on Wednesday, December 27, Zhao Qianfang has stepped down from the position of a chairman of Shandong Hongchuang Aluminum Industry (SHE:002379) due to personal reasons. He will also discontinue from the role on the strategy committee. However, Zhao will temporarily continue...
GCC’s 2023 primary aluminium production likely to exceed prior year’s with Y-T-D output of 5.603 Mt
In November 2023, primary aluminium production in the Gulf Cooperation Council recorded a month-on-month downfall of 12,000 tonnes or 2.37 per cent to stand at 506,000 tonnes, found the International Aluminium Institute. In October 2023, the output was recorded at 518,000 tonnes, up by 2.98 per...
China’s aluminium semis exports during Jan-Nov 2023 fall 16%; likely to recover in 2024 with tariff withdrawal
According to the Shanghai Metals Market survey, China's aluminium semis exports in November 2023 hit 452,000 tonnes, reflecting a month-on-month rise of 6.5 per cent and a year-on-year increase of 4.03 per cent. However, the country's total exports of aluminium semis from January to November...
China’s alumina price reaches Y-T-D high at RMB3044/t in the wake of fuel depot blast in Guinea
In the wake of a fuel depot blast in Guinea, a fear of bauxite supply shortage has stirred the Chinese upstream aluminium market, provoking smelters to buy alumina in anticipation of a production cut. As a result, the domestic alumina spot price in China has been on a rising spree since December...
Hindalco hosts groundbreaking ceremony of 2 Mt alumina refinery in virtual presence of Odisha CM
On Friday, December 22, Odisha Chief Minister Naveen Patnaik virtually attended the groundbreaking ceremony of Hindalco Alumina Refinery and Apparel Unit to be set up by Utkal Alumina Social Welfare Foundation. The alumina refinery will come up at Kansariguda, and the apparel complex will be in...
Press Metal’s Q4 2023 earnings to record a double-digit growth, projects Affin Hwang Investment Bank
Affin Hwang Investment Bank Bhd expects Press Metal Aluminium Holdings' Q4 2023 earnings to record a double-digit growth. According to Malaysia’s one of the largest brokerages and asset managers, Press Metal might post a 16.5 per cent earnings growth in the fourth quarter of 2023, driven by...
Fuel depot blast in Guinea may disrupt bauxite supply to China; domestic alumina purchase grows out of fear
The recent fuel depot explosion in Guinea has raised fears of a bauxite shortage, which may affect alumina production in China. China secures the lion's share of bauxite from Guinea, which they refine into alumina and used for aluminium smelting. The fear of bauxite shortage and alumina production...
Century Aluminum’s Chief Accounting Officer sells 3,000 shares of the company stocks
Century Aluminum’s Chief Accounting Officer, Robert F. Hoffman, has reportedly sold 3,000 shares of the company stocks in a transaction, at an average price of $12 for each stock. That brought the total transaction of $36,000.000. Following the transaction, Mr. Hoffman owns 47,553 shares of Century...
China’s unwrought aluminium alloy imports show uptick in Nov’23 for the second month in a row
According to China customs data, the country’s unwrought aluminium alloy imports in November 2023 experienced a month-on-month rise of 2.6 per cent and a year-on-year increase of 5.6 per cent to reach 111,800 tonnes. That brought the total year-to-date imports to 1.0196 million tonnes, which was...
Hydro Paragominas invests in electric trucks for bauxite transportation as part of 2030 decarbonisation goal
Hydro Paragominas in Para, a bauxite mining company, has reportedly partnered with Irmen Máquinas to acquire two 100 per cent electric SANY SKT90E trucks, each with a bauxite loading capacity of 60 tonnes. Hydro is increasing its electric transport fleet as part of the 2030 decarbonisation...
China’s alumina price hikes by RMB8/t over the weekend marking back-to-back rise; A00 aluminium ingot price declines by RMB50/t
According to the Shanghai Metals Market survey, China's average alumina spot price has hiked by RMB 8 per tonne over the weekend to stand at RMB 3,012 per tonne. That marked a rise for the second consecutive day, driven by rising purchase for future use when smelters resume production. In Henan and...
Primary aluminium weekly recap: Alcoa promotes Matt Reed to Chief Operations officer; LME to include SHFE prices to its portfolio
Amid continued decreasing inventories, China’s domestic primary aluminium price was found to exceed the RMB 19,000 per tonne level this week after more than a month. Besides this, other prime events occurred this week were the appointment of Matt Reed as Alcoa’s Executive Vice President and Chief...
US aluminium crude metals and alloys imports show a slight improvement in September 2023
In September 2023, the US aluminium crude metals and alloys imports stood at 309,000 tonnes, reflecting a month-on-month increase of 9.2 per cent from 283,000 tonnes. But despite the hike, the import volume in September could not match the amount in July 2023. In July, the imports were recorded at...
Dominic Barton agrees with China Aluminum Group to extend strategic cooperation in a meeting this month
In December 2023, Dominic Barton, Chairman of Rio Tinto Group, reportedly visited China and met Duan Xiandong, Chairman of China Aluminum Group, in Kunming to discuss sustainability, plans to deepen strategic cooperation, and healthy development of global mining. Dong Jianxiong, Vice General...
Africa’s primary aluminium production in Nov’23 marks M-o-M fall of 5%; Y-T-D output drops 1.35%
According to the International Aluminium Institute data, primary aluminium production in Africa amounted to 132,000 tonnes during November 2023, bringing the total output to 1.46 million tonnes in eleven months. The production in November fell by 7,000 tonnes or 5.04 per cent month-on-month from...
