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.
Alstom to utilize new aluminium technology for Vande Bharat trains
Alstom has reportedly announced deploying new aluminium technology for Vande Bharat trains. The news came after the company’s CEO Henri Poupart-Lafarge officially said that new tech would be deployed for Vande Bharat for the first ever. Alstom’s engineering team in Bengaluru will design the Vande...
LME aluminium price shrinks over the weekend by US$30/t but still stands higher W-o-W; SHFE price settles lower at US$2542/t
The LME aluminium benchmark price movement slowed down since last Friday, registering a total fall of US$41 per tonne in two days. On Monday, July 17, both LME aluminium cash bid price and LME aluminium official settlement price declined drastically over the weekend by US$30.50 per tonne and US$30...
China’s primary aluminium production stands 2.9% higher Y-o-Y as Yunnan resumes curtailed capacity
According to the National Bureau of Statistics (NBS), China’s primary aluminium production grew year-on-year in June 2023 as smelters resumed operations in southwestern Yunnan province after the ease of local power usage restrictions. As per the data released by NBS, China produced 3.46 million...
JP Morgan revises Kaiser Aluminium’s target price to $70.00 for exceeding earning expectations in Q2
According to a recent report, JP Morgan Chase & Co. has increased the target price for Kaiser Aluminum from $69.00 to $70.00 for the semi-fabricated aluminium producer’s robust performance in Q3 earnings. As per the report, Kaiser Aluminium reported earnings per share (EPS) of $0.42 for Q2 2023,...
China’s alumina price stands RMB11/t higher W-o-W on capacity resumption; A00 aluminium ingot price shrinks by RMB160/t
The average alumina spot price has grown by RMB 2 per tonne over the weekend after an intermittent restraint at RMB 2,831 per tonne on Friday, July 14, according to the Shanghai Metals Market data. On Monday, July 17, the price has stopped at RMB 2,833 per tonne, up by RMB 11 per tonne from RMB...
US aluminium scrap exports fall 9000 tonnes M-o-M, but exports to India grow 9.34%
The United States’ aluminium scrap exports in April 2023 stood at 167,000 tonnes, reflecting a month-on-month fall of 9,000 tonnes or 5.11 per cent from 176,000 tonnes, found the US Geological Survey. The downfall in April followed a hike in the previous month by 17,000 tonnes or 10.69 per cent...
Gränges survives slow economy and weak aluminium demand with a profit of SEK 570 million in H1 2023
Gränges, a leading supplier of rolled aluminium materials, announced its second quarter and first half results of 2023, which reflected a survival amidst an overall economic slowdown and narrow demand for the metal. As per the results published, Gränges’ sales volume in Q2 dropped by 1.7 per cent...
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Alumina output in Africa & Asia (ex-China) continued to grow M-o-M by 8% during May’23
According to the International Aluminium Institute data, alumina production in Africa & Asia (ex-China) during May 2023 amounted to 1.167 million tonnes, reflecting a month-on-month hike of 8.05 per cent from 1.080 million tonnes. The growth continued after an increase of 1.41 per cent in April...
Hydro is now more competent in aluminium recycling market with the ownership of Alumetal
Hydro completed the acquisition of Polish aluminium recycler Alumetal S.A. on June 30 by bagging more than 97 per cent of its shares through tender subscription. The purchase of Alumetal will strengthen Hydro's recycling position in Europe and widen low-carbon product offerings in the market. This...
China’s daily average aluminium output in June 2023 records steady M-o-M at 112,200 tonnes: SMM
China’s aluminium production in June 2023 (30 calendar days) stood at 3.37 million tonnes, reflecting a drop of 2.94 per cent M-o-M from 3.472 million tonnes, found the Shanghai Metals Market survey. However, on a year-on-year calculation, the output in June 2023 edged a marginal rise of 0.14 per...
Hydro’s 23 North American extrusion sites achieve ASI Performance Standard V2 certification
Hydro announced on Wednesday, July 12, that its extrusion business unit in North America achieved Aluminium Stewardship Initiative Performance Standard V2 certification. Twenty-three of Hydro's hundred sites in the US and Canada obtained the certification after being audited by the independent,...
China’s June'23 alumina production dips M-o-M to 6.46 million tonnes due to tight supply of raw material
According to the Shanghai Metals Market survey, China’s metallurgical-grade alumina production in June 2023 (30 calendar days) totalled 6.46 million tonnes, down by 1.22 per cent from 6.54 million tonnes in May (31 calendar days). The daily average production in the said month was recorded at...
Japanese primary aluminium shipment premium is agreed at $127.5/t for Q3 2023
Japanese primary aluminium premium in the September quarter is less likely to change much from the previous quarter, given a buyer has recently agreed to pay a premium of $127.5 per tonne to a global producer over the benchmark price for shipments, said a source on Tuesday, July 11, involved in the...
Rio Tinto to build hydrogen plant with Sumitomo for Yarwun alumina refinery aiming to curb carbon emissions
According to a report on Wednesday, July 12, Rio Tinto, an Anglo-Australian metals and mining group, will build a pilot hydrogen plant in Gladstone and retrofit an alumina refinery to replace natural gas use with clean hydrogen for the alumina refining process. It will be done with the help of...
Premiere, annual event UK Metals Expo 2023 welcomes your participation on September 13-14 at Birmingham
The metal industry around the world, including aluminium, is looking forward to the much-awaited upcoming event UK Metals Expo 2023 , to be held on September 13-14, 2023, at the NEC Birmingham. It is a one-of-a-kind annual event that brings the entire metal supply chain together under one roof....
LSKB Aluminium Foils Pvt. Ltd. joins ASI as a new Production and Transformation member
Aluminium Stewardship Initiative has reportedly announced the joining of LSKB Aluminium Foils Pvt. Ltd. as a new Production and Transformation member. LSKB Aluminium is a leading producer and supplier of high-quality house foils, laminates and lids for the healthcare, food and beverages, FMCG and...
Azerbaijan to house a new aluminium beverage can plant worth $211 million
According to a report on Monday, July 10, a new aluminium beverage can manufacturing and filling plant will come up in Azerbaijan as a joint effort of Hungary, a central European country, and Azerbaijan, a country of eastern Transcaucasia. The news came after the Minister of Economy of Azerbaijan...
Azerbaijan offers capital support to reconstruct Tajik Aluminium Company's smelter
On Monday, July 10, Azerbaijan announced to invest in the reconstruction of the Tajik Aluminium Company (TALCO) smelter in Tajikistan. This plan was mutually agreed between Azerbaijan and Tajikistan during the sixth session of the Joint Intergovernmental Commission on Trade and Economic...
