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.
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ASI certifies Vedanta's SEZ aluminium smelting facility against Performance Standard V2 (2017)
On Wednesday, April 26, Aluminium Stewardship Initiative announced that it successfully certified Vedanta’s aluminium smelter and captive power plant located in the Special Economic Zone (SEZ), Jharsuguda, against Performance Standard V2 (2017) certification. The certification acknowledges...
Update: Century Aluminium pays US$1 to acquire a major part of Jamalco; Full transaction price is a mystery
In line with the report published last day that Century Aluminium agreed to buy a 55 per cent stake in Jamalco, the US-based primary aluminium producer signed a purchase contract with Noble Group Holdings Limited for US$1. The deal is expected to close by the end of April 2023, but the full...
China’s A00 aluminium ingot price shrinks by RMB180/t to close at RMB18570/t; Alumina price again loses RMB1/t
According to the Shanghai Metals Market, China’s A00 aluminium ingot price has slumped by RMB 180 per tonne on Thursday, April 27, to stand at RMB 18,570 per tonne, marking a downtrend for almost a week. Hence, on a week-on-week calculation, the price is down by RMB 570 per tonne or 2.83 per cent...
Africa’s primary aluminium production falls 3.2% Q-o-Q during 1Q2023 amid monthly rise in March
According to the International Aluminium Institute, Africa’s primary aluminium production during the first quarter of 2023 ended March 31, stood at 392,000 tonnes, down by 3.21 per cent or 13,000 tonnes from 405,000 tonnes during Q4 2022. On a year-on-year basis, the output edged a drop of 1.26 per...
Century Aluminium signs agreement to acquire 55% stake in Jamalco, set to secure alumina supply
On Tuesday, April 25, Century Aluminum Company announced a significant step towards acquiring a sizeable share in a joint Jamaican bauxite mining and alumina production venture. The company has reportedly signed an agreement with Noble Group Holdings Limited (Noble) to obtain 55 per cent of its...
Vedanta Aluminium starts new material recovery facility in Jharsuguda, a step towards Zero Waste & Circular Economy
Vedanta Aluminium has achieved a new sustainability milestone by deploying a new material recovery facility at its operations in Jharsuguda district, Odisha. This marks a significant step towards the company’s ‘Zero Waste’ goal, resulting in energy savings and carbon emissions mitigation. Vedanta...
LME aluminium benchmark price trends down 3.67% W-o-W to US$2313/t; SHFE price declines by US$22/t overnight
Three-month LME aluminium opened at US$2,381 per tonne on Tuesday and closed at US$2,331 per tonne, down 2.1 per cent. On Tuesday, April 25, the LME aluminium cash bid price plunged by US$42 per tonne to US$2,312 per tonne, and LME aluminium official settlement price declined by US$41.50 per tonne...
US primary aluminium production plummets by 21% Y-o-Y during Feb’23
According to the US Census Bureau data, domestic primary aluminium production in February 2023 was 59,000 tonnes, reflecting a decline of 5,000 tonnes or 7.81 per cent month-on-month. In January, the US primary aluminium output was 64,000 tonnes, muted from the previous month. On a year-on-year...
South32 on track to meet production guidance for the year ending in June; aluminium output till Q3 records 15% growth
According to a report published on Monday, April 24, South32, a leading mining and metals company headquartered in Perth, is close to meeting production guidance across most of its operations for the financial year to end June 30, 2023. However, the company’s share price dropped nearly 6 per cent...
China's A00 aluminium ingot price declines for the third day by RMB70/t despite continued inventory fall
According to the Shanghai Metals Market data, A00 aluminium ingot price has fallen for the third day despite sluggish primary aluminium inventories across China. Then what could be the reason behind the price fall? Well, weaker metal consumption by downstream producers could be a factor for the...
World’s primary aluminium production improves 2% Y-o-Y during 1Q2023 amid muted output in March
According to the International Aluminium Institute, the world's primary aluminium production in March 2023 stood at 5.772 miilion tonnes, bringing the total output in the first quarter to 16.895 million tonnes. The monthly production in March increased by 9.63 per cent from 5.265 million tonnes in...
Oetinger Aluminium GmbH represents Europe as the first recipient of ASI CoC Standard V2 (2022) Certification
Oetinger Aluminium GmbH, a leading producer and supplier of casting alloy ingots, has obtained ASI Chain of Custody (CoC) Standard V2 (2022) Certification for the Weißenhorn and Neu-Ulm production sites in Germany. Oetinger, thus, represents the first entity in Europe to have received the updated...
Taiwan’s Astro Tech is bringing robotised aluminium and carbon frame production into the homeland
Taiwan’s premium frame builder Astro Tech has reportedly confirmed that it is building a new facility in Changhua, Taiwan, for producing mass-scale carbon frames alongside automated aluminium frames. Astro Tech Co. Ltd. general manager Samuel Hu has reported to Bike Europe that they will deploy a...
LME aluminium benchmark price shrinks to US$2388.5/t; SHFE price descends by US$13/t
On Friday, April 21, three-month LME aluminium opened at US$2,422 per tonne last Friday and closed at US$2,402 per tonne, a drop of 0.85 per cent. On the same day, the LME aluminium cash bid price and LME aluminium official settlement price shrank by US$21.50 per tonne or 0.89 per cent. That marked...
NALCO heightens its aluminium ingot price this week by INR10100/t; Hindalco and Vedanta’s prices also follow the uptrend
This week, during April 17-21, all three Indian aluminium giants – NALCO, Hindalco, and Vedanta have elevated their aluminium ingot and aluminium products prices. Starting with NALCO, the company hiked its aluminium prices by INR 10,100 per tonne since April 7. In two-week time, its aluminium ingot...
Rio Tinto posts 11% Y-o-Y decline in bauxite output for 1QCY2023; Weipa & Gove share accountability for the fall
On Wednesday, April 19, Rio Tinto, a leading Anglo-Australian mining group, announced its operational results for the first quarter of 2023, revealing an 11 per cent year-on-year decline and 8 per cent month-on-month drop in bauxite output to 12.1 million tonnes. The downfall took place due to the...
Alumina spot price in China closes the week lower at RMB2898/t; A00 aluminium ingot price shrinks by RMB90/t
According to the Shanghai Metals Market, the average alumina spot price in China has closed the week ending April 21, 2023, with a drop of RMB 5 per tonne after remaining restrained for three consecutive days. The price has concluded at RMB 2,898 per tonne versus RMB 2,903 per tonne the previous...
Alcoa predicts lower production costs in 2Q2023 given a drop in raw materials prices
Alcoa Corporation, the world’s eighth-largest producer of aluminium, said lower prices of ingredients they use for metal-making would eventually reduce the production costs in the second quarter of 2023, while aluminium demand would stay robust. Favourable raw materials, substantial output volume,...
