AlCircle News Edited By "Sarnali Chakraborty"
Sarnali Chakraborty is a content writer with 2 years of experience. She has written articles on various genres like technical, creative, medical, to name some. Here in Alcircle she will be curating articles on the metal industry, writing newsletters and other online and offline content.
LME aluminium price opens the week with a growth of US$32/t to US$2,963/t; SHFE price drops by US$9/t
LME aluminium opened at US$2,975 per tonne on Monday and closed at US$2,955 per tonne, down US$14.5 per tonne or 0.49 percent. On Monday, May 23, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$32 per tonne or 1.09 per cent to settle at US$2,962 per tonne...
Rio Tinto aims to reduce carbon emission from its marine fleet, teams up with British Petroleum on a sustainable bio fuel trial
Rio Tinto and British Petroleum (bp) have agreed to collaborate on a one-year biofuel trial to assist Rio Tinto's marine fleet to reduce carbon emissions. British Petroleum will supply marine biofuel to Rio Tinto as part of the trial for approximately 12 months. The findings from the trial will be...
Wheels India aims to expand its aluminium wheels business, plans to invest INR 155 crore in FY23
Headquartered in Chennai, Wheels India, one of the largest steel wheel manufacturers in India, has planned to invest around INR 155 crore in the current fiscal year (2022-2023) to expand its aluminium wheels business and construction equipment. The company has also planned to invest an additional...
Mohammed Bin Rashid Space Centre delegation visits EGA to discuss use of aluminium in space
Aluminium has been the primary material in spaceflight since the first satellite was launched in 1957. In order to explore potential collaboration and use of UAE-made aluminium in space, a delegation from the Mohammed Bin Rashid Space Centre led by Director General Salem Al Marri visited Emirates...
Primary aluminium weekly recap: Odisha government approves INR 428.95 crore budget for a mega aluminium park in Angul; Hydro plans to invest NOK 320 million in Karmøy aluminium smelter
This week the global primary aluminium sector witnessed a lot of major happenings. Many new projects and agreements were unlocked. To begin with, Hydro announced its plan to invest NOK 320 million in the Karmøy aluminium smelter. The project will start in the fourth quarter of 2022 and terminate in...
China’s aluminium billet inventory slips by 2,300 tonnes W-o-W to 136,400 tonnes
On May 19, China’s domestic aluminium billet inventory slumped by 2,300 tonnes or 1.66 percent W-o-W to score at 136,400 tonnes. Following the drop in aluminium prices and conversion margins, downstream purchasers were more eager to enter the market. SMM will be watching to see if consumption...
US aluminium scrap exports to India in February’22 shows M-o-M downfall of 300 tonnes
In February 2022, the United States exported 11,600 tonnes of aluminium scrap to India, which on an M-o-M scale heightened by 300 tonnes or 2.65 percent from 11,300 tonnes in January 2022. As per the USGS data, the amount in January had nosedived by 31,000 tonnes or 73.28 percent from 42,300 tonnes...
LME aluminium price drops by US$19/t to US$2826/t; SHFE price grows by US$62/t
LME aluminium opened at US$2,825 per tonne on Thursday and closed at US$2,938 per tonne, an increase of US$113 per tonne or 4 percent. On Thursday, May 19, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$19 per tonne or 0.66 per cent after experiencing a...
Hydro plans to invest NOK 320 million in Karmøy aluminium smelter
On May 19, Hydro reported that it is planning an investment of NOK 320 million in Karmøy aluminium smelter. The plant's 22 kV switchgear will be replaced as part of this investment. The project will begin in the fourth quarter of 2022 and is expected to be completed by the end of 2024. The project,...
HLIB holds “buy” rating on Press Metal Aluminium at a lower target price of RM7.59
Hong Leong Investment Bank Bhd (HLIB) has maintained its “buy” rating on Press Metal Aluminium Holdings (PMetal) at RM5.28, with a lower target price of RM7.59 (down from RM7.71). HLIB forecasted a net profit of between RM420 million and RM470 million for Press Metal in 1Q2022, up 47 per cent to 64...
KOBELCO group joins ASI as its new production and transformation member
Aluminium Stewardship Initiative announced that KOBELCO group (Kobe Steel Group) has joined as the new production and transformation member. Since its inception in 1905, KOBELCO has collaborated with clients to develop and deliver goods that suit their needs while also advancing society. KOBELCO is...
China’s A00 aluminium ingot price augments by RMB110/t to RMB20510/t; Aluminium alloy (A356) price surges by RMB100/t
On May 19, A00 aluminium ingot price in China has shot up by RMB 110 per tonne to close at RMB 20,510 per tonne, finds SMM. The average price is expected to orbit between RMB 20,490 per tonne and RMB 20,530 per tonne, with spot contract to be traded at a discount price of -20 per tonne and premium...
Equispheres aluminium material qualifies for TruPrint 3000 metal 3D printer series
Equispheres AlSi10Mg powders have been certified by Trumpf for use in its TruPrint 3000 line of 3D printers, with two-parameter sets to be provided. Equispheres' aluminium materials may achieve a 13 per cent quicker build rate than ordinary aluminium powder with a standard parameter set. As per the...
US monthly aluminium crude metals and alloys imports from Bahrain plunge by 83.26% in February’22
Bahrain’s M-o-M exports of aluminium crude metals and alloys to the United States for February 2022 had dropped by 48,460 tonnes or 83.26 per cent from 58,200 tonnes in January 2022. The amount for February 2022 closed at 9,740 tonnes. On an M-o-M scale in January, the price had escalated by 28,600...
Coming soon! AlCircle’s next e-Magazine on “European Aluminium Industry: Focus 2022”
AlCircle is enthralled to announce its 11th publication of e-Magazine titled, “European Aluminium Industry: Focus 2022.” The e-Magazine will feature exclusive views and opinions from the key figures of the European aluminium industry and other stalwarts associated with the regional value chain. The...
LME aluminium price ascends by US$45/t to US$2,836/t; SHFE price inches up by US$1/t
LME aluminium opened at US$2,839 per tonne on Tuesday and closed at US$2,882 per tonne, an increase of US$47 per tonne or 1.66 per cent. On May 17, LME aluminium cash bid price and LME aluminium official settlement price both moved upwards by US$45 per tonne or 1.61 percent to settle at US$2,835...
Vedanta Aluminium scores hat-trick at 11th Fly Ash Utilization Conference Expo Awards
Vedanta Aluminium has scored a hat-trick at Mission Energy Foundation’s 11th Fly Ash Utilization Conference Expo Awards for effective fly-ash management. Vedanta’s Jharsuguda Power Plant in Odisha has won in the category of >=500 MW and =500 MW, while its Chhattisgarh-based affiliate BALCO received...
Local brewery in US holds stack of aluminium cans waiting to be packed
CraftHaus, a small brewery in Nevada, United States, has piled up stocks of aluminium beverage cans on the line waiting to be packed, in addition to the can aluminium sheet problem. Wyndee Forrest, co-owner of CraftHaus Brewery, will not take a penny until the cans are completely filled with the...
