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.
Mexico’s aluminium crude metals and alloys imports from US rise 26% in the first two months of 2023
Mexico imported 13,400 tonnes of aluminium crude metals and alloys from the United States in February 2023, according to the US Geological Survey. The import volume was 4.29 per cent or 600 tonnes fewer month-on-month than 14,000 tonnes but reflected a rise of 16.52 per cent from 11,500 tonnes a...
Dong-IL Aluminium Co. is adding 3 new rolling mills to accelerate foil production for EV batteries
The leading South Korean aluminium foil producer, Dong-IL Aluminium Co., has reportedly accelerated its production capacity to cater to the ever-growing demand in the electric vehicle (EV) sector, especially in the United States and Europe. The company will supply more aluminium foil to local EV...
Plan your visit to the 13th International Aluminum Extrusion Technology Seminar on April 30 - May 2, 2024
Book your calendar in advance for the Thirteenth International Aluminum Extrusion Technology Seminar & Exposition, to be held on April 30 - May 2, 2024, at Rosen Shingle Creek, Orlando, United States. If you wish to explore potential business opportunities or expand networkingin the aluminium...
China’s aluminium production in April’23 dips 1% M-o-M due to ongoing production cuts in Yunnan
According to the National Bureau of Statistics, China's aluminium production in April 2023 (30 calendar days) fell 1.2 per cent month-on-month at 3.33 million tonnes. In March 2023 (31 calendar days), the output was 3.37 million tonnes, which brought the Q1 production to 9.8 million tonnes. In the...
Vedanta strives to meet aluminium demand in sunrise sectors by enhancing its product lines
Vedanta Aluminium is reportedly increasing production at its smelters in Jharsuguda (Odisha) and Korba (Chhattisgarh) to widen its product lines and diversify product mix to cater to sunrise sectors like high-tech manufacturing, electric vehicles, green building, renewable energy, and battery...
Alumina production in Europe (incl. Russia) posts a monthly recovery in March’23 to stand at 558,000 tonnes
According to the International Aluminium Institute, alumina production in Europe (including Russia) surged by 13.41 per cent or 66,000 tonnes month-on-month during March 2023 to reach 558,000 tonnes. In February, the output stood at 492,000 tonnes, descending by 4.84 per cent from 517,000 tonnes....
Novelis posts a 35% plunge in net income from continuing operations for FY2023 owing to weaker shipments
Novelis, the world’s leading flat-rolled aluminium producer and aluminium recycler, announced its fourth quarter and full year results of FY2022-23 ended March 31. The company noted that its net income attributable to common shareholders in Q4 FY2023 was $156 million, down by 27 per cent from $215...
Primary aluminium production across Europe reflects 10% monthly hike in March 2023: IAI
In Russia & Eastern Europe, primary aluminium production during March 2023 stood at 343,000 tonnes, reflecting an increase of 10.65 per cent or 33,000 tonnes month-on-month from 310,000 tonnes. Russia & Eastern Europe witnessed a hike in March following M-o-M downfall of 9.88 per cent in the...
Hydro Rein to develop two new solar projects in Sweden, aiming for sustainable industry in Nordic country
According to a report on Tuesday, May 9, Hydro Rein has signed a contract with GreenGo Energy to purchase and develop two early-phase solar projects in Southern Sweden. The projects are in area SE4, with an estimated combined peak capacity of 118 MW. The land lease agreements have already been...
China’s aluminium smelters operating rates record strong in March’23, credit goes to 20.65 MT of installed capacity
According to the Shanghai Metals Market survey, China’s aluminium smelters operating rates in primary production hubs, including Shandong, Xinjiang, and Inner Mongolia, stood robust in March 2023. The amalgamated installed aluminium capacity in these three provinces was 20.65 million tonnes, nearly...
India boosts aluminium export activities in March'23, with semi-finished products growing 8% M-o-M
India’s aluminium scrap, finished and semi-finished products exports in March 2023 reflected month-on-year and year-on-year growth of 11 per cent and 15 per cent, respectively, to reach 213,960 tonnes. A month ago, India exported 193,214 tonnes of aluminium and a year earlier, the country shipped...
Century Aluminium announces robust Q1 2023 results, with net loss improving 75% Q-o-Q
Century Aluminium, a US-based primary aluminium producer with smelters in Kentucky, South Carolina, and Iceland, announced its first quarter 2023 financial and operational results on Monday, May 8, 2023. The company released that its net sales increased by 4.25 per cent quarter-on-quarter from...
Zurich Cantonal Bank sheds off 29% shares in Kaiser Aluminium
According to a report on Monday, May 8, Zurich Cantonal Bank reduced its shareholding in Kaiser Aluminium Co. by 28.8 per cent in the fourth quarter. As per the disclosure with the Securities and Exchange Commission, the bank shed off 743 shares during the said quarter and owned 1,835 shares of...
Alba’s Chairman discusses aluminium industry with Chinese Ambassador to Bahrain Mr. Ni Ruchi
According to a recent report, Aluminium Bahrain B.S.C. (Alba)’s Chairman of the Board of Directors, Shaikh Daij bin Salman bin Daij Al Khalifa, welcomed Mr Ni Ruchi, the Ambassador of People’s Republic of China to the Kingdom of Bahrai, at Alba's premises on May 7, 2023. Alba’s Chief Executive...
Ball posts a 60% plunge in Q1 2023 net earnings; Russian beverage packaging business sell is held accountable
Ball Corporation announced its first quarter 2023 results on a US GAAP basis, revealing sales of $3.49 billion compared to $3.72 billion during the same period last year. That reflected a year-on-year drop of 6.18 per cent owing to lower demand and shipments. As a result, the company's net earnings...
Hydro receives merger clearance from EC for Alumetal purchase
The European Commission (EC) has reportedly approved unconditional merger clearance for Hydro's acquisition of the Polish aluminium recycler Alumetal S.A. In April 2022, Hydro first announced a tender offer to acquire Alumetal with an all-cash transaction worth $240.4 million. But it expired during...
China’s aluminium ingot inventories fall 18,000 tonnes W-o-W, led by below-estimated stocking
China’s social inventories of primary aluminium across eight major consumption areas, including SHFE warrant, recorded a fall of 18,000 tonnes week-on-week to stand at 835,000 tonnes as of Thursday, May 4, found the Shanghai Metals Market data. On a year-on-year calculation, aluminium ingot...
Africa & Asia’s alumina output reflects a 3% growth in March’23 but drops sequentially in Q1
According to the International Aluminium Institute, alumina production in Africa & Asia (ex-China) stood at 1.070 million tonnes during March 2023, which reflected an increase of 2.88 per cent month-on-month. The output grew in March after a decline of 7.06 per cent in the previous month from 1.119...
