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.
Downstream products weekly recap: Press Metal plans to hike its value-added aluminium products output capacity; Aerospace, automakers panic over counter-sanctions
In light of the current crisis and increased sanctions on Russia, a lot of changes had taken place in the metal industry. To begin with, Press Metal, a Malaysian aluminium firm is ramping up production capacity to produce additional value-added aluminium products following the completion of its new...
Alumina Weekly Recap: Rio Tinto assures to detach all bonds with Russian firms, QAL agreement under scanner; Hydro puts a new electric boiler at Alunorte alumina refinery
The week had been a quite eventful one, owing to the ongoing Russia-Ukraine conflict. As a knock-on effect from the war, a lot of changes had been taking place in the alumina industry. To begin with, Irish government has been petitioned to prohibit all Russia ships from entering the Irish...
Minth Group begins Є100 million car plant in Serbia, aims to create 1000 new jobs
Minth Group, a a global auto components manufacturer, on Thursday announced the opening of a 100 million euro ($110.3 million) production factory in Loznica, western Serbia. The facility will make aluminium parts for automobiles that will be mainly provided to BMW, Renault, and Toyota. The facility...
FONNOV ALUMINIUM to offer Wood Finish Extrusion Aluminium to serve the Chinese domestic market
FONNOV ALUMINIUM prominent and experienced aluminium extrusion producer in China, specialized in high-quality custom extrusions and fabricated aluminium products, has upgraded its services to better serve the Chinese domestic market with aluminium extrusion and profiles. Extruded aluminium...
STEP-G joins ASI as its new Production and Transformation member
ST Extruded Products Group (STEP-G) has joined Aluminium Stewardship Initiative (ASI) as its new member in the Production and Transformation category, taking the total number of ASI members to 214. STEP-G is a multinational company known for the manufacture of extruded aluminium profiles. It has...
China’s A00 aluminium ingot price augments to RMB 21,880/t after a three-day fall
On Friday, March 11, A00 aluminium ingot price in China has ascended after a three-day consecutive fall to close above RMB 21,800 per tonne. According to the Shanghai Metals Market, the aluminium ingot price has gone up by RMB 380 per tonne to settle at RMB 21,880 per tonne. The average prices are...
China’s billet inventories drop consistently W-o-W to close at 225,000 tonnes on March 10
On Thursday, March 10, China’s aluminium billet inventories crash-dived by 16,500 tonnes or 6.83% a week-on-week, as aluminium prices went down for the third day, found the Shanghai Metals Market. As a result, the inventories registered at 225,000 tonnes. However, conversion margins on aluminium...
US aluminium scrap exports to Malaysia slip by 2.5% in Q4’21 after two consecutive quarterly rises
In December 2021, Malaysia imported 38,300 tonnes of aluminium scrap from the United States, falling incessantly by 148,000 tonnes or 27.87% month-on-month. In November 2021, 53,100 tonnes of US aluminium scrap was exported to Malaysia, which escalated by 4,400 tonnes or 9.03% from 48,700 tonnes in...
LME aluminium price marches ahead by US$31.5 per tonne to US$3,532; SHFE price falls by US$101/t
LME aluminium opened at US$3,680 per tonne on Wednesday and hit a high and low of US$3,680 per tonne and US$3,300 per tonne respectively before closing at US$3,301 per tonne, a drop of US$380 per tonne or 10.32%. Following a plunge in the price of aluminium on Tuesday, LME aluminium benchmark price...
Altech Chemicals joins hand with Bedford Row Capital Plc for its HPA plant funding
On Tuesday, March 8, Altech Chemicals Limited, a speciality aluminium technology and production company stated that they have started working on its proposed US$144 million listed green bond offering. For this, they have joined hands with UK-based structuring agent Bedford Row Capital Plc and...
Omaha breweries in distress as supply chain hiccup surges aluminium price
The growing price of aluminium cans since the beginning of the pandemic has negatively influenced the local breweries like the Brickway Brewery and Distillery in Omaha. However, in light of the current crisis due to the increased sanctions on Russia, the prices of aluminium are expected to inflate...
A00 aluminium ingot price crashes further by RMB660/t to RMB22060/t; Aluminium alloy (A356) price falls by RMB600/t
On Wednesday, March 9, A00 aluminium ingot price has depreciated further by RMB 660 per tonne to peg at RMB 22,060 per tonne, found the Shanghai Metals Market. The average prices for the same are expected to range between RMB 22,040 per tonne and RMB 22,080 per tonne, with spot contract to be...
Glencore to provide alumina to Aluminium Dunkerque in return of aluminium
On Monday, March 7, Glencore, a multinational commodity trading and mining company has decided to supply alumina to Aluminium Dunkerque, in return for which the former will be selling a portion of its aluminium output to the latter. This decision has been taken in regards to the Russia-Ukraine...
US aluminium plates, sheets and bars exports to Canada edge 27% fall M-o-M in Dec’21, leading to a Q-o-Q decline of 13% in Q4
In December 2021, US exported 19,100 tonnes of aluminium plates, sheets and bars to Canada, showing a month-on-month decline of 7,100 tonnes or 27.09%. In November 2021, 26,200 tonnes of US aluminium plates, sheets and bars were exported to Canada, reflecting an elevation of 3,100 tonnes from...
LME aluminium opens the week with a growth of US$133.5/t to US$3,984.50/t; SHFE price declines by US$180/t
LME aluminium opened at US$3,876 per tonne on Monday and hit a high of US$4,073.5 per tonne before closing at US$3,740 per tonne, a drop of US$100.5 per tonne or 2.62%. Supply disruptions due to increased sanctions on Russia have caused the LME aluminium cash bid price and LME aluminium official...
Why buy AlCircle’s report on “Global Aluminium Industry Outlook 2022”?
The year 2022 brings with it a beam of fresh hope and aspiration for the metal industry. It is anticipated that 2022 will have in store a lot of new investments, changes and projects in the metal industry. With this, team AlCircle has launched its latest research report, “Global Aluminium Industry...
US aluminium scrap export to China falls sharply by 288.88% Y-o-Y
According to the US Geological Survey (USGS), on December 2021 US exported 11,900 tonnes of US aluminium scrap to China, showing a month-on-month jump of 3,790 tonnes or 46.73%, from 8,110 tonnes in November. On a month-on-month scale there was a decline of 1,850 tonnes or 18.57% from 9,960 tonnes...
China to tighten commodity reserves of aluminium to maintain supply chain security, says NDRC
On Saturday, March 5, the National Development and Reform Commission (NDRC) stated in a report at the National People’s Congress that they will closely observe the availability and pricing of some raw materials as well as tighten commodities reserves of aluminium to maintain supply chain security....
