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.
Top 5 countries driving the growth of the United States’ aluminium scrap exports
The growing demand for recycled aluminium for making beverage cans and other packaging to achieve sustainability has led to a significant rise in the United States aluminium scrap exports to different parts of the world. According to the last data revealed by US Census Bureau, the United States’...
Hindalco posts all-time high revenue at INR 2,232 billion for FY2023, but net profit shrinks 26%
Hindalco Industries Limited, one of India's biggest aluminium manufacturing companies belonging to the Aditya Birla Group, announced its fourth quarter and full-year results for the financial year 2022-23 ended March 31. The report indicated a 37.4 per cent year-on-year plunge in net profit to INR...
Hind Aluminium posts further Y-o-Y fall in net sales at INR 0.33 crore for 4QFY2023
Hind Aluminium Industries Limited has reportedly announced its fourth quarter FY2022-23 results ended March 31, whereby it stated a sequential growth in net sales from INR 0.25 crore to INR 0.33 crore. But on a year-on-year calculation, the sales fell sharply by 73.17 per cent from INR 1.23 crore....
World primary aluminium production dips 3% M-o-M in April'23, with muted daily output
According to the International Aluminium Institute, world primary aluminium production amounted to 5.628 million tonnes in April 2023, reflecting a fall of 3.18 per cent month-on-month from 5.813 million tonnes. The output in March recorded an increase of 10.03 per cent month-on-month from 5.283...
LME aluminium price shrinks by US$60/t amid stock gain; SHFE price declines to US$2549/t
Three-month LME aluminium opened at $2,266 per tonne on Tuesday, with its low and high at US$2,216per tonne and US$2,270 per tonne, respectively, before closing at US$2,220 per tonne, a drop of US$43.50 per tonne or 1.92 per cent. On Tuesday, May 23, the LME aluminium cash bid price extended its...
Magna International with PNNL develops greener manufacturing process for aluminium auto parts
Magna International Inc., a Canadian automotive parts manufacturer, and the Department of Energy’s Pacific Northwest National Laboratory (PNNL) have reportedly developed a manufacturing process that can reduce aluminium auto parts suppliers’ reliance on new aluminium. The new process, Shear...
Kaiser Aluminum Corp enters into a new 4-year labour agreement with United Steelworkers
Kaiser Aluminum Corporation, a leading producer of semi-fabricated speciality aluminium products, announced that United Steelworkers (USW) Local 104 accepted a new four-year labour agreement to work at Kaiser’s Warrick rolling mill in Indiana, formerly owned by Alcoa. Kaiser’s Warrick rolling mill...
China’s aluminium semis operating rates tumbled in April despite the peak season
According to the Shanghai Metals Market data, the average operating rate of China’s aluminium plate/sheet, strip and foil producers fell in April by 1.68 percentage points month-on-month to stand at 67.69 per cent. Large, medium, and small enterprises' operating rates were 72.88 per cent, 39.53 per...
Manaksia Aluminium Company Limited posts a 9% Y-o-Y growth for Q4 FY2023 revenue
Manaksia Aluminium Company Limited, aluminium profiled rolling sheet producer, has announced its standalone financial results for the fourth quarter and full year of 2023, reporting a 4.73 per cent quarter-on-quarter growth in total income to INR 110.7086 crore. In the third quarter, the company...
UK plans to forbid aluminium and other commodities from Russia
A recent report states Britain will ban aluminium imports from Russia, among other commodities like diamond, copper and nickel. The news came on Friday, May 19, after Britain announced its plans targeting companies allegedly stealing Ukrainian grain. British Prime Minister Rishi Sunak said, “We...
New owners are working on incorporating Jamalco to raise funds
According to a recent report, new owners of Jamalaco refinery in Clarendon have initiated incorporating the alumina company before seeking financial funding from capital markets. According to Austin Mooney, Managing Director of Jamalco, incorporation would allow the joint venture firm to acquire...
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ASI offers Chain of Custody Standard V2 (2022) certification to Novelis’ rolling facility in Jiangsu
Aluminium Stewardship Initiative has reportedly certified Novelis Aluminium (Zhenjiang) Co., Ltd against Chain of Custody (CoC) Standard V2 (2022) Certification. Novelis has received recognition for its rolling facility in the Jingkou Industrial Zone, Jiangsu Province, China. Novelis Jiangsu...
China increases its aluminium import volume by 27.1% in April’23 on higher use for EVs
According to the China customs data on May 18, China's aluminium imports, including unwrought aluminium and products, recorded a rise of 27.1 per cent year-on-year during April 2023, reaching 222,851 tonnes. A year ago, the import volume stood at 175,289 tonnes. On a month-on-month calculation,...
Hindalco, Vedanta slashed their aluminium ingot prices by over 3% during May 10-12
Last week, both Hindalco and Vedanta back-to-back cut their aluminium prices on May 11 and 12 in response to the LME aluminium price fall of US$92 per tonne in just two days. However, the companies started the week on May 10 with a rise in their aluminium ingot prices by INR 3,000 per tonne and INR...
Building & Construction will pave the path for aluminium extrusion growth at a CAGR of 5.9% till 2025
The increasing demand for lightweight vehicles has led to a significant growth of aluminium extrusions usage. The applications of aluminium extrusions know no bound in the transportation sector. From panels to engine blocks, roof rails to chassis of cars, aluminium extrusions are a part of the...
China’s alumina production grows 5.4% in April’23, underpinned by Henan, Hebei, Guangxi, Shandong
China’s metallurgical-grade alumina production in April 2023 (30 calendar days) stood at 6.54 million tonnes compared to 6.64 million tonnes in March (31 calendar days), showed the Shanghai Metals Market survey. Hence, on a month-on-month calculation, China’s alumina output reflected a 1.5 per cent...
EGA's CelestiAL solar aluminium is in use for MBRSC's most advanced commercial satellite
On Wednesday, May 17, Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, announced that it partnered with Gulf Extrusions and the Mohammed Bin Rashid Space Centre (MBRSC) to use CelestiAL solar aluminium in space. CelestiAL aluminium...
Ma’aden buys 9.9% stake in Ivanhoe Electric and forms JV to undertake exploration programmes
Ma'aden, a Saudi state-owned mining company headquartered in Riyadh, is acquiring a 9.9 per cent stake in Vancouver's Ivanhoe Electric for $126.5 million. The news came on Tuesday, May 16, after Ma'aden announced signing an agreement with the American company. As per the deal, Ma'den is purchasing...
