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.
US aluminium scrap exports to Malaysia record a 7% M-o-M drop in contrast to the hike in total exports
The world's second-largest aluminium scrap exporter, the United States, exported 26,400 tonnes of scrap to Malaysia in August 2023, down by 2,000 tonnes or 7.04 per cent month-on-month from 28,400 tonnes. On a year-on-year basis, the export in August 2023 edged a sharp fall of 43.34 per cent from...
Hind Aluminium’s net sales in Q2 FY2024 nosedived by 65.96% Y-o-Y
Hind Aluminium Industries Limited announced its second quarter financial results ended September 30, 2023, whereby it posted a plunge of 65.96 per cent in net sales year-on-year from INR 1.41 crore to INR 0.48 crore. However, on a quarter-on-quarter calculation, the net sales in Q2 registered an...
October 2023 alumina production in China records a dip of 1.6% M-o-M due to poor ore supply
According to the Shanghai Metals Market, China’s metallurgical-grade alumina production stood at 6.842 million tonnes, down by 1.6 per cent month-on-month but up by 2.5 per cent year-on-year. Daily average output in the said month was 220,700 tonnes, down by 3,700 tonnes from the previous month....
Growing aluminium trade in North America leads associations to call for actions ahead of USMCA's mandated review in 2026
The Aluminum Association Instituto Mexicano del Aluminio (IMEDAL) and the Aluminium Association of Canada have reportedly written a letter to trade officials in Canada, Mexico, and the United States asking for continued tariff-free trade, increased import monitoring, and more vigorous trade...
Arab Aluminium Company posts 75% less profit for Jan-Sept 2023 than a year ago
Arab Aluminium Company (AAC), an Egypt-based company specialised in extruding aluminium profiles for architectural and industrial applications, announced its financial results for the first nine months of 2023 (ended September 30). According to Arab Aluminium’s financial indicators filed to the...
ALRO’s net sales mark a fall of 7.7% in Q3 2023 despite a rise in primary & processed aluminium production
On Monday, November 13, ALRO S.A., one of Europe's largest vertically integrated aluminium producers by production capacity, announced its third quarter and the consolidated nine-month results of 2023. The Group reported its net sales of RON 682.8 million for Q3, down by 7.70 per cent from RON...
LME aluminium price sees a 0.68% rise to US$2,220.5/t; SHFE price grows slightly by US$4/t
LME aluminum opened at US$2,222.50 per tonne on Monday, with its low and high at US$2,203 per tonne and $2,235 per tonne, respectively, before closing at US$2,230 per tonne, up US$9 per tonne or 0.41 per cent. On Monday, November 13, the LME aluminium cash bid price and LME aluminium official...
China’s Oct 2023 aluminium output flaunts a 3.4% rise M-o-M; SMM projects a drop in November with production cut in Yunnan
According to the Shanghai Metals Market survey, China’s aluminium production in October 2023 (31 calendar days) amounted to 3.641 million tonnes, flaunting a month-on-month rise of 3.35 per cent from 3.523 million tonnes. On a year-on-year calculation, the output stood 6.7 per cent higher than 3.42...
Century Aluminum posts an 11% Q-o-Q fall in net income on lower shipments and poor LME prices
Century Aluminum Company, a global primary aluminium producer with operations in the United States and Iceland, announced its third quarter results for 2023 last week, disclosing a fall of 10.97 per cent in net income attributable to Century stakeholders. Net income in Q3 2023 stood at US$13.8...
China’s A00 aluminium ingot price falls below RMB19000/t as an impact of inventory pressure
According to the Shanghai Metals Market, A00 aluminium ingot price has marked a decline for the third day in a row by RMB 280 per tonne to stand below RMB 19,000 per tonne as of Monday, November 13. Data shows the price has come in at RMB 18,850 per tonne, with average prices likely to range...
Downstream recap: US starts anti-dumping probe into aluminium extrusion imports; China’s aluminium processing PMI declines 9.1%
The downstream aluminium industry witnessed some of the big shot events this week, such as the United States initiated anti-dumping investigation against 15 extruded aluminium product exporting countries, India’s Commerce and Industry Minister Piyush Goyal assured that no unfair carbon taxes could...
Century Aluminum reports power generation disruption at Jamalco refinery; suffers a loss of about US$22 million
Century Aluminum Company, the owner of Jamalco, said on Wednesday, November 8, that the malfunction of the power generation unit at the Clarendon-based refinery caused a loss of about US$22 million. Explaining the incident, president & CEO of Century Aluminum Jesse Gary said a power disruption...
Alba’s Q3 2023 profit records a sharp fall of 64% Y-o-Y despite higher sales volume; Poor LME prices are held responsible
Aluminium Bahrain B.S.C. (Alba) has announced its third quarter financial results for 2023, whereby it disclosed a profit of BD17.3 million ($46 million), down by 64 per cent from the last year due to poor LME prices and lower premiums. The company’s revenue also edged a fall Y-o-Y from BD403.2...
NALCO posts nearly 50% leap in profit for Q2 FY2024 amid lower revenue from operations
On Thursday, November 9, National Aluminium Company (NALCO), a Navratna CPSE Indian metal and mining company, announced its second-quarter fiscal results of FY2023-24, whereby it reported nearly 50 per cent rise in profit to INR 1.87 billion ($22.45 million) from INR 1.25 billion a year ago....
Mexico is one of the 15 countries facing anti-dumping probe by the US for aluminium extrusion exports
Mexico is one of the 15 countries against whom the United States has initiated the anti-dumping investigation for exporting extruded aluminium products. On October 25, the US Department of Commerce named 14 Mexican companies when initiated the investigation. Mexico is one of the major exporters of...
Novelis Q2 FY2024: Net sales declines 14.6% Y-o-Y but stands firm sequentially
Novelis Inc., an American industrial aluminium company specialised in rolling and recycling, announced its second quarter results for FY2023-24, disclosing net sales fell by 14.6 per cent Y-o-Y from US$4.8 billion to US$4.1 billion. A dip in aluminium flat rolled product shipments to 933,000 tonnes...
Alumina spot price in China losses RMB2/t; A00 aluminium ingot price declines by RMB60/t despite production cut
On Thursday, November 9, the average alumina spot price in China has recorded a drop of RMB 2 per tonne to reach RMB 3,008 per tonne, according to the Shanghai Metals Market. The price has contracted after remaining restrained at RMB 3,010 per tonne from November 2 to 8. In Shandong and Shanxi, the...
India’s Commerce and Industry Minister assures no unfair carbon tax should affect aluminium and steel industry
On Tuesday, November 7, India's Commerce and Industry Minister Piyush Goyal assured the domestic aluminium and steel industry that no unfair taxes in the form of Carbon Border Adjustment Mechanism (CBAM) would be accepted. He said India had already expressed concerns over the carbon tax with the...
