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.
ALRO’s consolidated turnover augments by 48% Y-o-Y in 1Q2022 driven by higher LME prices
On May 16, Romanian integrated aluminium company ALRO S.A. released its Interim Condensed Consolidated Financial Statements for the first quarter of 2022 (1Q2022). ALRO, one of the largest aluminium producers in Europe, registered a turnover of RON 1.1 billion in the first quarter of 2022, up 48...
LME aluminium price moves upward by US$68/t to US$2791/t; SHFE price falls by US$25/t
LME aluminium opened at US$2,824.5 per tonne on Monday and closed at US$2,835 per tonne, an increase of US$7 per tonne or 0.25 per cent. On Monday, May 16, LME aluminium cash bid price surged by US$69 per tonne or 2.53 per cent to score at US$2,790 per tonne. On the same day, LME aluminium official...
Hydrovolt, Europe’s largest EV battery recycling plant aims to recycle 12,000 tonnes battery packs per year
Together with Northvolt, Hydro has come up with Hydrovolt, a battery recycling joint venture, which has begun commercial recycling operations at its facilities in Fredrikstad, Norway. Considered Europe’s largest electric car battery recycling operation, Hydrovolt has the capacity of processing...
China’s April aluminium output ramps up by 3.36 million tonnes as the country ends power curbs
China, one of the world's leading primary aluminium producers, has achieved a new record in April after restrictions on power production were relaxed, allowing smelters to boost operations. As per the National Bureau of Statistics, the primary aluminium output in China closed at 3.36 million...
China’s A00 aluminium ingot price opens the week with a hike of RMB400/t; Alumina spot price inches down by RMB2/t
China’s A00 aluminium ingot price has hiked by RMB 400 per tonne to close at RMB 20,510 per tonne, says SMM. The average price for the same is expected to range between RMB 20,490 per tonne and RMB 20,530 per tonne, with spot contract expected to be traded at a premium price of RMB 0-40 per tonne....
Downstream weekly recap: Novelis announces record net sales of $17.1 billion for FY2022; TANSIDCO planning to set up aluminium die-casting facility at Chinnavedampatti
The global aluminium industry's most crucial, downstream segment remained highlighted due to some of the potential news. A lot of companies like Hydro extrusion Suzhou, Alumex PLC, and the Hindalco Hirakud-FRP plant received their ASI certifications. Apart from this, Novelis reported record net...
Primary aluminium weekly recap: Tiwai Aluminium seeks a power supplier for the smelter to secure its future beyond 2024; Dubal Holding collaborates with Nature Alu to establish UAE’s first high purity aluminium facility
This week, the global primary aluminium sector recorded a lot of positive events. To begin with, New Zealand Aluminium Smelters Limited (NZAS), which owns the Tiwai Point Aluminium Smelter, is now focused on guaranteeing the future beyond its 2024 closure date. On the market forefront, this week,...
EGA’s latest milestone of 500kA DX+ Ultra reduction cell technology to boost aluminium output by 5%
On May 13, Emirates Global Aluminium (EGA) announced that they have successfully started their DX+ Ultra reduction cell technology with a modified liner at 500kA, the first time this amperage has reached the Middle East. When compared to the existing maximum working amperage in EGA, increasing the...
Alba’s gross profit excels by 121% in 1Q 2022 due to higher LME prices
Aluminium Bahrain B.S.C. (Alba) announced its financial results for the first quarter (Q1) 2022. As per the results, Alba, the world’s largest single-site aluminium smelter outside of China, earned a profit of BD146.8 million (US$390.4 million) in Q1’22, which on a Y-o-Y value went up by 181% from...
China’s M-o-M exports of aluminium plates, sheets and bars to US in February’22 slump by 6.81%
US aluminium plates, sheets and bars imported from China in February 2022 settled at 16,400 tonnes. On a month-on-month calculation the quantity dropped by 1,200 tonnes or 6.81 percent from 17,600 tonnes in January 2022. On the other hand, for January 2022 a surge of 600 tonnes or 3.52 percent was...
Aluminium billet inventory in China escalates by 10,000 tonnes W-o-W to 138,700 tonnes
On May 12, China’s domestic aluminium billet inventory surged by 10,100 tonnes or 7.84 per cent W-o-W to halt at 138,700 tonnes, said SMM. Lower conversion margins may in the future, entice purchasers. After the epidemic was brought under control, the market mood improved. As a result, inventories...
LME aluminium price slips by US$49/t to US$2,688/t; SHFE price decreases by US$42/t
LME aluminium opened at US$2,778 per tonne on Thursday and closed at US$2,786 per tonne, an increase of US$4.5 per tonne or 0.16 per cent. On May 12, LME aluminium cash bid price closed at US$2,686 per tonne, and LME aluminium official settlement price halted at US$2,688 per tonne. The former had...
Bulgari teams up with Ducati to launch a limited edition watch based on its sporty aluminium chronograph
Bulgari's Aluminium edition chronographs were innovative both in terms of material and design. The Italian watchmaker has collaborated with Ducati to develop the Bulgari Aluminium chronograph Ducati special edition watch, which is sure to pique the interest of many riders. This special edition...
Growth of aluminium scraps trading in Linyi slows down due to penurious demand
From May 2 to May 8, the throughput of aluminium scrap in Linyi, east China’s nonferrous metal city, settled at 12,386.03 tonnes, a surge of 2,255.47 tonnes from the previous week and up22.26 per cent on the month. Recyclers traded vigorously as a result of a minor increase in aluminium prices....
Hydro extrusion Suzhou, the first extrusion plant in China to receive ASI certification
Hydro’s aluminium extrusion plant in Suzhou is the company’s first Aluminium Stewardship Initiative (ASI) performance standard-certified aluminium extrusion firm in China. The firm located in Shanghai's Suzhou Industrial Park roughly employs 350 workers and has undergone multiple expansion...
Manaksia Aluminium’s Q4FY22 results records a drop of 28.67% to INR1.7920 crores
Manaksia Aluminium announced its financial results for the period ending March 31, 2022. As per the data, the firm earned a total income of INR 128.9419 crores on March 31, 2022. On a Q-o-Q comparison, the price went down by 1.16 per cent from INR 130.4571 crores for the quarter ended December 31,...
Novelis to build the largest aluminium rolling plant in US to serve the rising beverage cans market
On May 11, Novelis, a wholly-owned subsidiary of Aditya Birla Group firm Hindalco, announced a $2.5 billion investment in new low-carbon recycling and rolling factory in Bay Minette, Alabama. This state-of-the-art factory will be able to manufacture 600,000 tonnes of aluminium sheets per year. Site...
US monthly aluminium crude metals and alloys imports from Australia in February’22 surge by 183.47%
As per the USGS data, US aluminium crude metals and alloys imports from Australia for February 2022 settled at 27,100 tonnes, which on a month-on-month scale surged by 17,540 tonnes or 183.47 percent from 9,560 tonnes in January 2022. On the other hand, for January 2022 a downfall of 46.88 percent...
