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 initiates anti-dumping investigation into aluminium extrusions imported from Vietnam
The US Department of Commerce has reportedly commenced an anti-dumping investigation into aluminium extrusion imports from 15 countries and territories, including Vietnam. The investigation followed a petition filed by the US Aluminium Extruders Coalition and the US Steel, Paper and Forestry,...
US aluminium scrap exports in Aug'23 mark a M-o-M rise of 3.47% after two months of decline
The United States aluminium scrap exports in August 2023 recorded a month-on-month hike of 6,000 tonnes or 3.47 per cent to 179,000 tonnes, according to the US Census Bureau data. In July 2023, the export volume was 173,000 tonnes, down by 3.89 per cent from 180,000 tonnes in June. The downfall in...
PMI of the Chinese downstream aluminium industry stands below 50% due to frail demand and poor production rate
China’s aluminium processing industry has reported a 9.1 per cent decline in the Purchasing Managers’ Index (PMI) for October 2023. Shanghai Metals Market survey found that the PMI for China’s aluminium processing industry stood at 47 per cent. SMM data also found that the downstream aluminium...
EEG collects 11,254 kg of aluminium cans for recycling, reaching 97.6% of its 2023 goal
Emirates Environmental Group (EEG) enthusiastically reported that it collected 11,254 kg of aluminium cans for recycling from all over the United Arab Emirates in its 27th cycle of "Can Collection Drive" on Sunday, November 5, under the theme "Say 'Yes' to Can Recycling, 'No' to Carbon Emissions"....
Primary aluminium recap: Yunnan province begins 1.5 MT output cut; Indian aluminium companies reduce product prices by INR3000/t
The primary aluminium industry, which is considered to be an epicentre of the aluminium value chain, is always spotted with crucial occurrences. This week was no exception, and the most vital event was the commencement of productions at aluminium smelters in Yunnan. This phenomenon is expected to...
Hindalco & Vedanta’s aluminium ingot prices encounter a cut of INR3000/t this week
Indian aluminium giants, including Hindalco Industries Ltd, Vedanta Ltd, and National Aluminium Corporation (NALCO), have reportedly reduced their aluminium prices in response to the LME aluminium price fall this week from October 30 to November 3. The LME aluminium benchmark price encountered a...
Tower Alloys Industries expands shareholding in Aluminum Extrusion Industries Plc to 67.55%
Tower Alloys Industries Limited, a Nigeria-based producer of a wide range of quality aluminium cookware, roofing, and extrusion profiles, has reportedly increased its shareholding in Aluminum Extrusion Industries Plc to 67.55 per cent by recently acquiring a majority stake in the company. Aluminium...
Ball Corporation posts a 48% plunge in net earnings attributed to weakening prices of aluminium packaging products
Ball Corporation, the world's leading provider of innovative and sustainable aluminium packaging for beverage, personal care, and household products, has announced its third quarter 2023 results, disclosing net earnings attributable to the corporation of $203 million or diluted earnings per share...
AAI demands immediate implementation of a 10% customs duty on imported aluminium scrap
The Aluminium Association of India has reportedly asked for the immediate implementation of a 10 per cent customs duty on aluminium scrap imports to safeguard the domestic metal industry from low-quality scrap dumping. According to the apex body representing aluminium producers, the current 2.5 per...
Overview of the Chinese aluminium market in Oct '23: Demand deficit took a toll on metal prices and companies' earnings
In October 2023, China encountered an assorted journey in terms of price movement across the aluminium value chain. Being obligated to the unenthusiastic demand among downstream sector, China’s domestic primary aluminium ingot price continued to fall in the said month. On the other hand, the...
United States primary aluminium production marks a dip in the alternate month Aug’23 by 3%
According to the US Geological Survey, the United States produced 62,000 tonnes of primary aluminium in August 2023. That was 2,000 tonnes or 3.13 per cent less than 64,000 tonnes in the earlier month , following a rise of 3.23 per cent M-o-M in July. However, on a year-on-year basis, the output in...
Primary aluminium production cut at Yunnan begins for this year's dry season
According to a report on Wednesday, November 1, aluminium smelters in southwestern Yunnan province, China have started cutting production as the dry season sets in. A smelter manager and two analysts have posted that smelters have begun the process of production cut of a total of 1.5 million tonnes...
Chinese aluminium companies post revenue drop for Q3 2023 on impaired sales prices for demand deficit
On the eve of October 27, a few leading Chinese aluminium companies announced their third-quarter results, revealing a year-on-year drop in revenues and net profits. For instance, Shandong Nanshan Aluminium earned RMB 21.69 billion in revenue in the first three quarters of 2023, down by 18.24 per...
Vedanta Chairman seeks investments for Kalahandi alumina refinery expansion
Anil Agarwal, the chairman of the Vedanta Group, seeks Indian investors’ attention for collaboration and investment in the continued development and expansion of Kalahandi alumina refinery in Odisha. Vedanta’s Kalahandi alumina refinery expansion would mark a turning point in the industrial...
Dry season ahead in China is likely to result in aluminium production cut by up to 40% of capacity
According to the Shanghai Metals Market report on Tuesday, October 31, Chinese aluminium smelters in Yunnan province are mulling over cutting production in the coming months during the dry season due to reduced hydropower availability. In recent times, many Chinese aluminium smelters have shifted...
China’s aluminium billet inventories fell by 5,900 tonnes on Monday due to heavy shipments
According to the Shanghai Metals Market survey, China’s social inventories of aluminium billets have marked a decline of 5,900 tonnes over the weekend, standing at 107,700 tonnes as of Monday, October 30. On a week-on-week basis, the inventories have recorded a fall of 7,200 tonnes from 114,900...
Prysmian Group to make sustainable cables for power grids with low-carbon aluminium from Rio Tinto
Rio Tinto Group has reportedly entered into a five-year low-carbon aluminium supply contract with Prysmian Group to help the latter manufacture cables for power grids in North America with more sustainable materials. The news came after Rio Tinto and Prysmian jointly announced the collaboration on...
What’s brewing? Budweiser launches a ‘Can-to-Can’ recycling programme to promote recycled aluminium usage
Budweiser Brewing Co APAC Ltd, the largest beer company in the Asia-Pacific in respect to sales revenue, has reportedly launched a 'Can-to-Can' recycling programme in China to boost the activity of aluminium cans recycling. The objective is to increase the use of recycled aluminium in cans to reach...
