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.
CBA's shareholder Votorantim SA to sell 34 million shares
On Sunday, April 2, Brazilian aluminium manufacturer Companhia Brasileira de Alumínio (CBA) announced that its controlling shareholder, conglomerate Votorantim SA, will sell 34 million shares in the firm in a follow-on offering. Votorantim SA has a 75.9% interest in CBA, says data from Refinitiv...
Rio Tinto to fund Geomega Resources’s alumina waste processing plant in Quebec
Geomega Resources, located in Montreal, has won funds to construct a C$4 million alumina waste processing plant in Quebec. Sustainable Development Technology Canada (SDTC), a federal agency that funds small and medium-sized enterprises will provide C$1.5 million. Rio Tinto, a Geomega partner, will...
Campaign to reopen Alcoa Intalco Works smelter receives boost following hike in aluminium price
In April 2020, Alcoa announced the suspension of its Ferndale smelter in Washington, following diminishing demand and dropping metal prices. However, war-related sanctions on Russia that had caused aluminium spot price to reach a record high, has boosted the reopening campaign of the Alcoa Intalco...
Alunorte’s fuel swap project a key enabler for Hydro’s greenhouse gas reduction by 2030
Norsk Hydro ASA, a Norwegian aluminium manufacturer, has secured a US$200 million sustainability-linked loan to assist its transition from heavy oil to natural gas, a more sustainable fuel that will help meet its greenhouse gas reduction objectives. Hydro Alunorte, located in the city of Barcarena,...
Downstream weekly recap: Hindalco targets to spend US$7.2 billion for aluminium business expansion; Alvance Aluminium Duffel switches to green, transports rolled products by barge
This week the global aluminium downstream segment witnessed some limited but sporadic changes, showing that the metal industry is eventually getting on track. Like, Hindalco industries planning to expand its aluminium industry following the record breaking surge in price of the metal over the next...
Bunting Architectural Metals to build a new aluminium extrusion plant in Lawrence County
On Thursday, March 31, Josh Bunting, the President of Bunting Architectural Metals announced the construction of a new aluminium extrusion facility in Lawrence County with the help of the government Tom Wolf’s administration. Neil Weaver, the Acting Secretary of the department of commerce said that...
Indonesia’s scrap imports from US reflect periodic growth in H2 2021
As per the USGS data, the United States exported a total of 4,000 tonnes of aluminium scrap to Indonesia in December 2021. On a month-on-month analysis, a downfall of 1,850 tonnes or 31.62 percent can be witnessed from 5,850 tonnes in November. In November 2021, Indonesia’s import of aluminium...
A00 aluminium ingot price surges by RMB100/t as inflation attracts investors towards commodity
Following a hike in price since Wednesday, March 30, the A00 aluminium ingot price closed the week on Friday, April 1, with a surge of RMB 100 per tonne to peg at RMB 22,730 per tonne. The average price for the same is expected to hover between RMB 22,710 per tonne and RMB 22,750 per tonne, with...
China’s aluminium billet inventories plunge by 4.67% W-o-W due to COVID-19 pandemic
On Thursday, March 31, China’s aluminium billet inventory had plunged by 7,900 tonnes or 4.67 per cent W-o-W across five major regions to total at 157,500 tonnes, found the Shanghai Metals Market. Under the effect of the pandemic, trades in the spot aluminium billet market were slow. The inventory...
Hindalco targets to spend US$7.2 billion for aluminium business expansion
Over the next 5 years, Kumar Mangalam Birla owned Hindalco Industries Ltd. is aiming to invest up to US$7.2 billion in expanding its aluminium industry following the whooping increase in the price of aluminium due to the global supply bottlenecks and strong demand expectations. Hindalco Industries...
Hulamin’s operational profit augments Y-o-Y to score at R538 million, thanks to higher sales volume
Hulamin’s operational profit for the year ending December 31, 2021, reflected an increment of 760 percent to close at R538 million from R81 million in 2020. The company's headline earnings increased to R560 million from a loss of R220 million the previous year. The company also said that headline...
China’s A00 aluminium ingot price contracts by RMB100/t owing to production resumption in some areas
On Thursday, March 31, the A00 aluminium ingot price has fallen again for the second consecutive day to score at RMB 22,630 per tonne, finds the Shanghai Metals Market. The price has gone down by RMB 100 per tonne as of Thursday, March 31. The resumption of domestic aluminium production in some...
LB aluminium records 0.58% loss in 3QFY22 for higher tax provision, but revenue grows by 36.6%
LB aluminium, one of the largest suppliers of aluminium in Malaysia, has recorded a decline in its net profit by 0.58 per cent to score at RM14.79 million for Q3 ended January 31, 2022 (3QFY22) from RM14.88 million a year earlier. According to the company's registration with Bursa Malaysia,...
Hindalco’s Taloja unit joins ASI as its new Production and Transformation member
On Tuesday, March 29, the Taloja Unit of Hindalco Industries Ltd. joined Aluminium Stewardship Initiative (ASI) as the new Production and Transformation member, raising the total count of ASI members to 218. Hindalco Taloja was launched in 1972 after being commissioned in 1971 with an installed...
A00 aluminium ingot price nosedives by RMB260/t; Australian FOB price shrinks to US$508/t
The A00 aluminium ingot price on Wednesday, March 30 has nosedived by RMB 260 per tonne, following a hike in price on Tuesday, March 29. According to SMM, the price has been recorded at RMB 22,730 per tonne as of today, with average price estimated to orbit between RMB 22,710 per tonne and RMB...
Hydro doubling down on aluminium recycling to satisfy growing demand
The Russia-Ukraine crisis and increased number of sanctions on Russia had put the aluminium sector under pressure, calling into question the fate of the industry. As a result of which companies like Norsk Hydro ASA of Norway, Novelis Inc. and Matalco Inc. of Canada are expanding their operations in...
China’s average alumina spot price opens the week on Monday with a slight increase of RMB 4/t
The average alumina spot price has opened the week on Monday, March 28, with an increase of RMB 4 per tonne to close at RMB 2,977 per tonne, found the Shanghai Metals Market. For the same day in Shandong, the price has inched up by RMB 10 per tonne to total at RMB 2,960 per tonne. However, in other...
Downstream weekly recap: ASI certifies UAJC Corporation’s aluminium rolling facilities; Egyptian extrusion firm Delemar Aluminium plans to double its investment
The downstream sector of the aluminium industry witnessed limited number of events. As a result of the war, the metal industries have been affected the most. The global aluminium downstream sector started the week with the news of Novelis, announcing the launch of Novelis HRC57S®, a new, anodising...
