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.
Japanese aluminium stocks in July 2023 record a fall of 1.9% M-o-M across three major ports
According to the Marubeni Corp report on Friday, September 1, aluminium stocks dropped across Japan in July 2023 by 1.9 per cent month-on-month. At the three major Japanese ports - Yokohama, Nagoya, and Osaka- aluminium stocks reached 350,600 tonnes at the end of July compared to 357,490 tonnes in...
US aluminium scrap imports from Canada show a rising trend Y-T-D totalling 166,000 tonnes
US aluminium scrap imports from Canada recovered in May 2023 after a drop in the previous month. According to the US Census Bureau data, the import volume increased 6.99 per cent month-on-month to reach 35,200 tonnes in the said month. In April, the United States aluminium scrap imports from Canada...
Russell Investments shows confidence in Century Aluminum and increases its stake by 33.1%
Russell Investments Group Ltd. has reportedly increased its stake in Century Aluminum by 33.1 per cent to 130,391, representing about 0.14 per cent of the company's worth. By buying these additional shares, Russell Investments Group shows its confidence in the company's future prospects. Ressell...
HLIB Research believes understated aluminium prices will pose further challenges to Press Metal
Press Metal Aluminium Holdings Bhd recently missed its expected earnings, which may continue in the quarters ahead. According to Hong Leong Investment Bank (HLIB) Research, South-East Asia’s largest aluminium producer is likely to experience a gloomy future due to subdued aluminium prices in the...
Africa’s primary aluminium output in July'23 improves by 2% after a loss in the previous month
In July 2023, primary aluminium production in Africa stood at 134,000 tonnes after experiencing an increase of 3,000 tonnes or 2.29 per cent month-on-month, found the International Aluminium Institute data. However, the output in June, which was at 131,000 tonnes, recorded a plunge of 3.68 per cent...
Hydro's Sunndal aluminium smelter will switch from fossil fuel to biomethane
On Wednesday, August 30, Norsk Hydro announced that its aluminium smelter in Sunndal would start using local, sustainable bioenergy instead of fossil fuels to curb carbon emissions from the production process. It would be a momentous step towards achieving zero emissions after reducing greenhouse...
Crown Holdings gradually nearing its sustainability goals with Twentyby30™ ESG programme
Crown Holdings, one of the world's largest aluminium can manufacturers, pledged to make the aluminium industry more sustainable by incorporating Environmental, Social, and Governance (ESG) principles into its business operations. Thus, Crown Holdings, in its 2022 Sustainability Report, announced a...
World alumina production in July’23 grows above 12 MT, with daily output improving by 1%
In July 2023, the world alumina production saw a month-on-month rise of 4.32 per cent to reach 12.179 million tonnes, found the International Aluminium Institute (IAI). The growth occurred in July 2023 after a monthly fall in June by 1.96 per cent from 11.908 million tonnes to 11.675 million...
Press Metal reports a 6.2% drop in revenue caused by slower aluminium demand recovery
Press Metal Aluminium Holdings Bhd, the largest aluminium smelter in South East Asia, announced the second quarter results of 2023, reporting a 25 per cent year-on-year decline in net profit ended June 30. The company’s net profit for Q2 was recorded at RM305.79 million or 3.73 sen per share...
Droopy European aluminium foil deliveries in H1 2023 mirror narrow demand in the packaging sector
The European Aluminium Foil Association (EAFA) showed that aluminium foil deliveries experienced a demand drop of 9.4 per cent in the first six months of 2023, reaching 444,000 tonnes. The Association further reported that deliveries in the second quarter dropped by 15 per cent Y-o-Y amid weak...
Alumina Limited posts a net loss (after tax) of US$43 million for H1 2023 owing to lower alumina output
Alumina Limited, an Australian holding company, declared its 2023 first half results ended June 30, 2023, reporting a net loss (after tax) of US$43 million, compared to a net profit after tax of US$168 million during the corresponding period of the last year. Alumina Limited holds 40 per cent share...
China’s export, import volume of primary aluminium reflect stupendous growth rate Y-o-Y
In July 2023, China's primary aluminium exports reached 22,700 tonnes, climbing 200 per cent year-on-year. But the country's total exports in the year's first seven months reflected a fall of 56 per cent to 80,300 tonnes. China's pre-baked anode exports dipped by 0.42 per cent M-o-M and dwindled by...
Iran’s alumina output reflects 2% Y-o-Y growth in the first 4 months of Iranian CY
According to data revealed by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), alumina powder production in Iran grew 2 per cent year-on-year during the first four months of the current Iranian calendar year (March 21 to July 22). Iran produced 82,548 tonnes...
Zacks Research demotes Century Aluminium’s projected earnings to $0.09 per share for Q3 2023
Zacks Investment Research has reportedly lowered its estimates for Century Aluminium’s Q3 2023 earnings per share (EPS) in a research report issued to clients and investors. According to M. Agarwal, a research analyst at Zacks, projects that Century will post earnings of $0.09 per share for the...
End-user weekly recap: PULSE+ water launches new aluminium bottle; Vook E-trike tricycle features robust aluminium frame
The end-user aluminium sector witnessed several innovative product launches this week like PULSE+ water’s new aluminium bottle, Vook E-trike tricycle featuring a robust aluminium frame, the new F77 Space Edition electric motorbike featuring aerospace-grade aluminium, and TVS Motor’s electric...
US aluminium scrap exports to Malaysia continue to fall M-o-M by 9.8% in May 2023
According to the US Census Bureau data, the United States exported 30,900 tonnes of aluminium scrap to Malaysia in May 2023. Compared to 34,100 tonnes in the previous month, the US aluminium scrap exports recorded a decline of 3,200 tonnes or 9.38 per cent. The downtrend continued from the previous...
China’s specialised aluminium alloy bar & ingot manufacturer Kunshan Chaoqun Metal Products Co. joins ASI
The Aluminium Stewardship Initiative has announced the joining of Kunshan Chaoqun Metal Products Co., as a New Production and Transformation member. Located in Zhangpu Town, Kunshan City, between Shanghai and Suzhou, the company specialises in producing 36 specifications of deformed aluminium alloy...
Rise in US aluminium crude metals and alloys imports mark hat-trick till May’23; Australia becomes a new face
The United States aluminium crude metals and alloys imports totalled 407,000 tonnes in May 2023 after escalating by 32,000 tonnes or 8.53 per cent from 375,000 tonnes in April. The import volume in the earlier month (March 2023) stood at 316,000 tonnes, meaning the US imports grew by 18.67 per cent...
