AlCircle News Edited By "Debanjali Sengupta"
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Downstream weekly recap: Vietnam to carry out anti-dumping investigation on Chinese aluminium; Novelis rules out Russian aluminium
The downstream aluminium market saw an eventful week from October 9 to 13, with Vietnam initiating its first anti-dumping sunset review on Chinese aluminium profiles, Novelis Europe ruling out Russian aluminium from the metal supply tender, Airbus renewing its supplying contract with AMAG, and so...
Alumina output in Europe gains 2,000 tonnes in August 2023, marking second consecutive month of rise
Alumina production in Europe, including Russia, recorded a slight rise of 2,000 tonnes to reach 551,000 tonnes during August 2023, found the International Aluminium Institute. According to IAI data, the output moved up for the second month in a row, following an increase of 24,000 tonnes or 4.57...
First phase of Xinran aluminium profile project comes into operation in Lingbi County, China
According to a recent report, a Chinese city, Lingbi County in Suzhou, Anhui, has witnessed the commencement of the first phase of Xinran aluminium profile project, which is believed to boost the development of the city with new job opportunities and power industry by creating a need for energy....
US records second month decline of aluminium plates, sheets and bars exports for July’23
The United States aluminium plates, sheets and bars exports continued to shrink month-on-month during July 2023 by 6,600 tonnes or 9.43 per cent to stand at 63,400 tonnes, found the US Geological Survey. The export volume decreased for the second month in a row as the United States exported 70,000...
China’s Sept’23 aluminium production stumbles by 2.8% M-o-M but daily output grows 554 tonnes
China’s domestic aluminium production in September 2023 was recorded at 3.523 million tonnes, marking a year-on-year increase of 5 per cent but a month-on-month fall of 2.76 per cent. However, the daily average production grew over a month by 554 tonnes to 117,400 tonnes in September 2023. From...
Russian aluminium stocks share in LME warehouses shrink to 76% during Sept’23
According to a report on Tuesday, October 10, the share of Russian aluminium stocks in London Metal Exchange-approved warehouses fell to 76 per cent in September 2023 from 81 per cent in August. The actual amount of Russian stocks on the LME warrant decreased from 183,650 tonnes in August to...
China’s Sept'23 alumina output affected by 4% due to bauxite shortage and maintenance work
According to the Shanghai Metals Market survey, China’s metallurgical-grade alumina production in September 2023 (30 days) recorded a decline of 4.06 per cent month-on-month to 6.732 million tonnes. Daily output also registered a fall from the previous month to stand at 224,400 tonnes, unlike the...
China’s aluminium ingot inventories mount to 631,000 tonnes over the Mid-Autumn Festival holiday
According to the Shanghai Metals Market survey, China’s social inventories of aluminium ingot recorded a significant rise across the eight major consumption areas, including SHFE warrants, as the market resumed on October 7 from a week-long Mid-Autumn Festival holiday. On October 7, the inventories...
Alliance between Novelis and Southern Company aims to decarbonise aluminum production in North America
Novelis Inc., the world's leading sustainable aluminium solutions provider, has reportedly collaborated with Southern Company to take initiatives to achieve decarbonisation of aluminium production across North America. Southern Company, headquartered in Atlanta, is a reputed producer of clean,...
Metra S.p.A. acquires Michigan-based recycled-content aluminium producer Extruded Aluminium Corp.
Metra S.p.A., the Italy-based manufacturer of vertically-integrated complex extruded aluminium profiles, has reportedly completed the acquisition of Extruded Aluminium Corp. (EAC), Michigan-based recycled-content aluminium producer, and its affiliated company Belding Machinery and Equipment Leasing...
Novelis Europe rules out Russian aluminium from metal supply tender 2024
At the London Metals Exchange industry gathering known as LME Week, Novelis Europe announced debarring Russian aluminium from its metal supply tender 2024. It is when the industry people – consumers, producers, and traders come together to buy and sell aluminium for 2024. Emilio Braghi, executive...
Introducing Vedanta Aluminium Metal, a new wholly-owned subsidiary of Vedanta’s aluminium business
On Friday, October 6, mining company Vedanta Limited formed a new wholly-owned subsidiary for its aluminium business named Vedanta Aluminium Metal. Registered in Maharashtra, India, the newly incorporated subsidiary will have authorised and subscribed capital of INR 1,00,000, representing a share...
LME aluminium price recovers US$12.5/t to settle at US$2208/t; SHFE price resumes market with a 1.15% decline
The three-month LME aluminum opened at US$2,232 per tonne, with high and low at US$2,248 per tonne and US$2,222.50 per tonne, respectively, before closing at US$2,246 per tonne, up by $14 per tonne or 0.63 per cent. On Friday, October 6, the LME aluminium cash bid price rose by US$12 per tonne to...
Bauxite price in Shanxi flaunts a rise of RMB10/t after two months; Alumina price resumes from a week-long break with an RMB8/t hike
China’s primary aluminium input prices have resumed the market from a week-long Mid-Autumn Festival and National Day Holiday on a high note. After remaining restrained for almost two months, China’s domestic bauxite prices have recorded a rise, particularly bauxite (4.5≤Al/Si＜5.5) Shanxi and...
LME aluminium price attains US$2300/t level in Sep'23 after over 3 months; short-term future looks bullish due to year-end restocking
The benchmark aluminium price on the London Metal Exchange in September 2023 recorded an increase of US$123.50 per tonne or 5.65 per cent to reach US$2,307.50 per tonne. The price started flaunting a steady growth towards the second half of the month compared to the initial days. After initiating...
Rusal confirms no injury or damage caused by the fire breakout at Krasnoyarsk Aluminium Smelter
Rusal confirmed on October 5 that its Krasnoyarsk Aluminium Smelter remained unaffected despite a significant blaze erupted at the facility spanning over 21,528 square feet. Krasnoyarsk Smelter is one of the largest smelters in the world and a key site where Rusal introduces cutting-edge...
Vedanta launches a new range of aluminium wire rods with higher strength and durability at CWF2023
Vedanta Aluminium has reportedly brought a new range of advanced wire rods to expand premium offerings for the global power and transmission sector. The new range of wire rods includes T4, AL59, and the 8xxx series, launched on the inaugural day of the Cable & Wire Fair 2023 (CWF2023) in New Delhi....
GUNNA’s new aluminium bottled lemonades are now available in 80 Co-op stores across the UK
According to a recent report, GUNNA Drinks has shelved its new aluminium bottled lemonades in Co-op stores across the Mid Counties of the United Kingdom. From October 1, consumers visiting Co-op stores are able to buy GUNNA Drinks lemonades packed in 500ml aluminium bottles. The bottles are...
