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.
China’s A00 aluminium ingot price loses RMB140/t on wavering consumption by downstream: SMM
According to the Shanghai Metals Market, China's domestic A00 aluminium ingot price has suffered a loss of RMB 140 per tonne on Friday, February 24, after displaying restraint for the past two consecutive days. SMM data shows the price has come in at RMB 18,480 per tonne, standing W-o-W high by RMB...
ASI welcomes India’s pioneer aluminium extrusion manufacturer as a new Production & Transformation member
On Tuesday, February 21, Aluminium Stewardship Initiative announced it welcomed Hindalco Alupram Works, an aluminium extrusion manufacturing plant in Ernakulum District of Kerala, as a new Production and Transformation member. The plant is equipped with two extrusion presses, of which one was...
Primary aluminium inventories in China accumulate 15000 tonnes over a week to 1.248 million tonnes
According to the Shanghai Metals Market survey, social inventories of primary aluminium have grown by 15,000 tonnes over a week ending Thursday, February 23. On a week-on-week basis, the stocks have increased by 32,000 tonnes across eight major consumption areas, including SHFE warrants, to amount...
Hindalco’s aluminium prices see the first cut this week after two consecutive hikes; ingot price stands at 1.6% lower
Hindalco Industries Limited has cut its aluminium ingot and aluminium products prices, with effect from February 23, after two consecutive hikes on February 21 and 22, on account of the LME aluminium price drop. The company has reduced its aluminium ingot price by INR 3,750 per tonne or 1.62 per...
UK's TRA initiates reconsideration of anti-dumping tariff recommendation on imported Chinese aluminium extrusions
The Trade Remedies Authority (TRA), an executive non-departmental public body sponsored by the Department of International Trade, reported on Wednesday, February 22, that it began the reconsideration procedure of the recommendation of anti-dumping measures on aluminium extrusion imports from China....
LME aluminium price plummets by US$45.5/t to stand below US$2400/t; SHFE grows slightly by US$3/t
Three-month LME aluminium opened at US$2,458.50 per tonne last night and closed at US$2,413 per tonne, down US$46 per tonne or 1.87 per cent. On Wednesday, February 22, the LME aluminium benchmark price registered a significant decline after two consecutive days of hike. While the LME aluminium...
Vedanta lifts its aluminium wire rod & billet prices for the second day in a row by INR3500/t
Vedanta Limited has lifted its aluminium products prices and aluminium ingot prices for the second day in a row, bringing its aluminium wire rod price to INR 239,500-247,000 per tonne. That was an increase of INR 3,500 per tonne from the previous day. On February 21, Vedanta’s aluminium wire rod...
World’s primary aluminium production reflects a 3.33% rise Y-o-Y during Jan’2023; Output in Asia (ex-China) records a drop
The world's primary aluminium production initiated the year 2023 with an annual increase of 3.33 per cent from 5.648 million tonnes to 5.836 million tonnes, found the International Aluminium Institute. But on a month-on-month calculation, the output slightly dropped by 0.58 per cent compared to...
Hindalco to build an aluminium recycling & segregation plant in Gujarat, India; aims to develop an alternative supply chain
Hindalco Industries Limited is reportedly mulling installing a recycling and segregation plant for its aluminium and copper businesses in Gujarat. The aim is to increase the proportion of recyclable products, in line with its US subsidiary. The project is estimated to cost INR 3,000 crore, per the...
Aluminium production cut in Yunnan begins sending domestic metal prices range-bound: SMM
As expected earlier, aluminium production cut in Yunnan province and weaker-than-expected demand recovery would make the metal prices range-bound; both primary aluminium ingot price and aluminium alloys prices have remained muted as of Wednesday, February 22. According to the Shanghai Metals...
Vishay unveils new series of aluminium electrolytic capacitors '172 RLX' with higher ripple currents
Vishay Intertechnology, Inc., an American manufacturer of discrete semiconductors and passive electronic components, reportedly launched a new series of low impedance automotive grade miniature aluminium electrolytic capacitors last week. The new Vishay BC Components 172 RLX capacitors are...
LME aluminium benchmark price mounts to US$2392/t after three days of fall; SHFE grows by US$5/t
Three-month LME aluminium opened at US$2,395 per tonne on Monday and closed at US$2,462 per tonne, an increase of US$72 per tonne or 3.01 per cent. On Monday, February 20, LME aluminium cash bid price and LME aluminium official settlement price skyrocketed by US$55.50 per tonne and US$57 per tonne,...
China’s aluminium processing enterprises report higher operating rates of 61.5% as demand starts recovering
Shanghai Metals Market survey found China’s average operating rate across leading aluminium processing enterprises rose 1.7 percentage points last week to 61.5 per cent. Aluminium plate, sheet, strip, foil and construction extrusion sectors recorded operational growth with the gradual arrival of...
AMAG Austria posts record-breaking revenue and earnings for 2022, benefitting from attractive aluminium prices
AMAG Austria Metal AG, the biggest company in the Austrian Aluminium Industry sector, has achieved a record annual result for 2022, exceeding the previous year’s mark. The company’s 2022 revenue superseded the former year’s EUR 1,259.4 million by registering a growth of 37.1 per cent. In 2022, AMAG...
A00 aluminium ingot price rallies by RMB230/t over the weekend; Aluminium alloys prices grow uniformly by RMB250/t
China’s domestic A00 aluminium ingot price has opened the week on Monday, February 20, with a hike of RMB 230 per tonne to RMB 18,690 per tonne, found the Shanghai Metals Market. This brings the price week-on-week higher by RMB 220 per tonne or 1.19 per cent from RMB 18,470 per tonne but stands low...
Hindalco’s aluminium products prices suffer a loss of INR3750/t with effect from February 17
On Friday, February 17, Hindalco Industries Limited further slashed its aluminium ingot and aluminium products prices to match the global aluminium benchmark price. According to the price chart revealed by the company on February 17, Hindalco cut its aluminium wire rod price by INR 3,750 per tonne...
Vedanta’s aluminium ingot price shrinks for the second time in a week to INR223,750-254,250/t
Vedanta Limited has again reduced its aluminium ingot and aluminium products prices, with effect from Friday, February 17, bringing its aluminium ingot price to INR 223,750-254,250 per tonne. The price is down by INR 4,000 per tonne from INR 227,750-258,250 per tonne on February 14. Vedanta has...
Hind Aluminium announces 83% slump in net sales Y-o-Y for Q3 FY23
Hind Aluminium Industries Limited, a manufacturer of aluminium & alloy conductors and aluminium wire rods, announced its third quarter results ended December 31, FY2023, reporting a year-on-year plunge of 83.22 per cent in net sales from INR 1.49 crore and a quarter-on-quarter slump of 68.75 per...
