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.
Alba reports a 19% revenue fall for 1QCY2023, value added product sales register no growth
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China, has reportedly booked a profit of US$126.2 million (BD47.5 million) for the first quarter of 2023 ended March 31. The profit dwindled by 68 per cent year-on-year from US$390.4 million (BD146.8 million). The company’s...
Diabla unveils a unique, stackable aluminium chair TUBA to add a zestful look to your favourite space
A London-based designer Samuel Wilkinson and a Spanish furniture brand Diabla have jointly created an unconventionally designed aluminium stackable chair that will surely add oomph to any domestic or commercial space. The product, called TUBA, was recently unveiled during Milan Design Week 2023 at...
Hydro’s Adjusted EBITDA slumps 33% in 1QCY2023 due to sluggish aluminium demand
Norsk Hydro announced the first quarter results of 2023 ended March 31, revealing a 4.11 per cent year-on-year rise in revenue from NOK 46,616 million to NOK 48,534 million, driven by the stable LME aluminium price starting the quarter at US$2,378 per tonne and ending at US$2,413 per tonne. But...
Shandong Nanshan Aluminium to build a new electrolytic aluminium plant in Indonesia
Shandong Nanshan Aluminium, a China-based aluminium product manufacturer and distributor, is planning to build an electrolytic aluminium factory at its production base in the Galang Batang Special Economic Zone, Indonesia, with an investment of $878 million (RMB 6.07 billion). Electrolytic...
Egyptalum’s nine-month net profit soars 132% Y-o-Y and exceeds the FY2023 target
On Wednesday, May 3, Egypt Aluminum Company (Egyptalum) announced that it booked a net profit (after tax) of EGP 3.916 billion during July 2022-March 2023 period. Interestingly, the company's net profit surpassed its annual target of 3.02 billion in just nine months, marking a surge of 131.94 per...
Iran’s annual alumina output drops 2% driven by a fall in Q4; Chinese help to boost production
According to the latest report revealed by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), Iran produced 225,942 tonnes of aluminium oxide, commonly known as alumina, in the past year 1401 (ended March 20, 2023). That reflected a drop of 2 per cent from the...
US aluminium crude metals and alloys imports decline 22.5% M-o-M driven by reduced inflow from Canada
According to the US Census Bureau data, the United States’ aluminium crude metals and alloys imports during February 2023 amounted to 238,000 tonnes, reflecting a plunge of 22.48 per cent from a month ago. In January, the import volume was 307,000 tonnes after being plummeted by 20.88 per cent from...
Indian aluminium producers reduced their products' prices last week in line with the downward LME price
The three major Indian aluminium producers – Hindalco, Vedanta, and NALCO cut their aluminium prices last week in line with the LME aluminium price fall by US$46.50 per tonne over the week from US$2,388.50 per tonne on April 21 to US$2,342 per tonne on April 28. Hindalco reportedly curtailed INR...
Aluminium recycler Spectro Alloys to expand capacity on a new 90,000 sq. ft. facility; seeks $400,000 state fund
The US-based, highly efficient aluminium recycler Spectro Alloys Corp. has reportedly proposed to expand its capacity by building a new 90,000-square-foot facility on a 42-acre site along Highway 55. The project needs an investment of $76.8 million, for which the company is looking for state...
Jiangsu Goka Light Alloy Co., Ltd. bags ASI Performance Standard Certification for aluminium extrusion
Aluminium Stewardship Initiative has reportedly acknowledged Jiangsu Goka Light Alloy Co., Ltd. with the Performance Standard V2 (2017) Certification for producing aluminium extrusion profiles at Xiangshui County Industrial Park, Yancheng City, Jiangsu Province, China. Established in 2020, Jiangsu...
Iran’s aluminium ingot output in FY2022-23 grows 17% Y-o-Y, with SALCO emerging as the higher producer
According to the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) data, Iran’s aluminium ingot production during the calendar year 1401 (ended March 20, 2023) stood at 632,166 tonnes. On a year-on-year calculation, Iran’s primary aluminium output edged an...
World alumina production drops 1% Y-o-Y during 1Q2023 despite annual output growth in China
According to the International Aluminium Institute, the world alumina production stood at 11.417 million tonnes in March 2023, bringing the total output in the first quarter of the year to 33.175 million tonnes. Hence, the quarterly output ended March 31 decreased by 5.5 per cent quarter-on-quarter...
Aluminij Industries bags ASI Performance Standard V3 (2022) certification for foundry aluminium alloys production
On Friday, April 28, Aluminium Stewardship Initiative announced that it certified Aluminij Industries d.o.o. against Performance Standard V3 (2022) certification for producing and selling foundry aluminium alloys in the form of billets, slabs, and small ingots at its facility in Mostar, Bosnia. The...
Hydro resumes tender offer process for Alumetal acquisition, aims to widen aluminium scrap-based product range
Norsk Hydro has restarted working on a tender offer process to complete the acquisition of the 100 per cent share of Polish recycler Alumetal S.A. The tender offer was first launched in April 2022 but expired in the meantime. The European Commission’s merger review of the transaction is pending,...
China’s primary aluminium inventories continue to fall W-o-W by 53,000 tonnes, majorly contributed by Wuxi
According to the Shanghai Metals Market survey, social inventories of primary aluminium ingot across eight major consumption areas, including SHFE warrants, stood at 853,000 tonnes on Thursday, April 27, experiencing a plunge of 53,000 tonnes week-on-week from 906,000 tonnes. Compared to Monday,...
US aluminium scrap exports remain consistent in Feb’23 at 159,000 tonnes: USGS
In February 2023, the United States exported 159,000 tonnes of aluminium scrap, almost consistent compared to 160,000 tonnes in January, found the US Census Bureau data. On a year-on-year calculation, the export volume jumped 358 per cent from 34,700 tonnes. In the first two months of 2023, the...
Alcoa reports consistent revenue earning at $2,670 million for 1Q2023, as higher aluminium price offset reduced shipment
Alcoa Corporation, the world’s eighth largest producer of aluminium, announced the first quarter 2023 results, reporting steady revenue earning at $2,670 million compared to $2,663 million in the previous quarter, attributed to the 8 per cent increase in average-realized third-party alumina price...
Alcoa brings force majeure to an end for its Western Australian alumina operation
According to an S&P Global Commodity Insights report on Wednesday, April 26, Alcoa has withdrawn the force majeure for its Western Australian alumina business. The news came after Alcoa spokesperson confirmed the matter. But before that, there was hearsay in the market regarding the force majeure...
