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 reflects 4.64% fall to peg at US$3,355.50/t; SHFE price dips by US$11/t
LME aluminium opened at US$3,376 per tonne last Friday and closed at U$3,380 per tonne, an increase of US$15 per tonne or 0.45%. On Friday, February 25, LME aluminium cash bid price recorded a fall of US$163.5 or 4.64% to total at US$3,354.50 per tonne. For the same day, LME aluminium official...
Downstream products weekly recap: Despite challenging conditions ‘Salzburger Aluminium Group’ reports excellent turnover for 2021; Vedanta Aluminium introduces India’s first low carbon green aluminium brand ‘Restora’
Not much has been happening in the downstream sector of the global aluminium industry. To begin with, the Salzburger Aluminium Group, an Austrian family firm with 1100 people globally, had a tremendously promising year in 2021. SAG a global supplier to all well-known OEMs, increased revenues by...
Alumina industry weekly recap: Russia Ukraine conflict causes record breaking inflation in raw material prices; Alumina Limited year ending net profit surges to US$187.6 million
The sudden hike in the number of events in alumina segment is primarily due to the anticipation of the crisis between Russia and Ukraine. The conflict has stirred the raw material industry greatly, causing record breaking inflation in prices of raw materials. Apart from this, looking at the current...
AlCircle Expo 2022 a huge success: Participation from 96 countries and 9.2 attendee satisfaction score
Team AlCircle is pleased to report that its third virtual event, “AlCircle Expo 2022,” held on February 15 and 16 had been a huge success. It was a virtual event aimed at bringing together aluminium industry professionals from throughout the value chain. Our goal was to provide a platform ideal for...
Constellium publishes Q4 and full-year 2021 result: Revenue grows 37% Y-o-Y to €1.7 billion
Constellium NV, a European value-added aluminium company, launched its fourth-quarter and full-year 2021 results this week. Despite the persisting market challenges brought on by the global COVID-19 epidemic, Constellium's financial result for both the quarters were good. Shipments of 385 thousand...
US aluminium scrap export to Mexico plummets by 1,400 tonnes Y-o-Y in November 2021
According to the US Geological Survey (USGS), the United States exported 15,200 tonnes of US aluminium scrap to Mexico in November, showing a month-on-month growth of 2,100 tonnes or by 16.03%. In October 2021, 13,100 tonnes of US aluminium scrap was exported to Mexico, highlighting decline of 200...
Average alumina spot price in China declines by RMB 48/t to RMB 3,188/t; A00 aluminium ingot price grows by RMB 120/t
According to the Shanghai Metals Market, the average alumina spot price in China has been moving down since Tuesday, February 22. On Friday, February 25, the price has declined by RMB 48 per tonne to score at RMB 3,188 per tonne. The price in Shandong and Shanxi has also fallen down by RMB 60 per...
Aluminium billet inventory in China declines by 4,000 tonnes to register at 260,600 tonnes
The aluminium billet inventories in China dropped by 4,000 tonnes or 1.5% week-on-week across five major consumption areas. As a result, the inventories recorded at 260,600 tonnes, as of Thursday, February 24. Some popular aluminium extruders have begun to resume work this week, while the others...
Shortage of aluminium in Europe causes regional prices to shoot up
A catastrophic scarcity of aluminium in Europe has caused regional prices to skyrocket, presenting chances for commodity traders who have pounced on once-in-a-lifetime opportunity to profit by exporting metal from warehouses 6,000 miles away. According to two persons aware of the cargoes, some...
US aluminium plates, sheets and bars import from Vietnam escalates by US$1,710 tonnes Y-o-Y in November 2021
According to the US Geological Survey (USGS), the United States imported 4,230 tonnes of US aluminium plates, sheets and bars from Vietnam in November, showing a month-on-month drop of 130 per tonne or by 2.98%. In October 2021, 4,360 tonnes of US aluminium plates, sheets and bars were imported...
LME aluminium price dips by US$96.5/t to record at US$3,323.50/t; SHFE price slips by US$17/t
Three-month LME aluminium opened at US$3,305 per tonne on Wednesday morning in European trading hours, and lost US$9 per tonne or 0.27% to close at US$3,294 per tonne. On Wednesday, February 23, LME aluminium cash bid price slipped by US$96 per tonne or 2.80% to peg at US$3,323 per tonne. For the...
GFG Alliance shifts the blame to lender collapse for failure of accounts filing
The distressed metal tycoon, Sanjeev Gupta's GFG Alliance owned UK's last aluminium smelter has stated that investment plans for the Lochaber-based factory are on track, despite concerns that they have failed to publish accounts for their Highlands firms. As it concludes accounting for Alvance...
Alumina Limited year ending net profit increases to US$187.6 million
Freight prices may continue high for the remainder of 2022, eroding margins that helped Alumina Limited post a more than 28% increase in annual earnings last year. The net profit for the year ending December 31 increased to $US187.6 million ($260.7 million) from $US146.6 million the previous year....
US aluminium scrap export to Taiwan hikes 2.04% Y-o-Y in November 2021
According to the US Geological Survey, the United States exported 4,000 tonnes of US aluminium scrap in November to Taiwan. On a month-on-month scale, there was escalation of 320 per tonne or 8.69%. In October 2021, 3,680 tonnes of US aluminium scrap was exported to Taiwan, showing a hike of 1,200...
Average alumina spot price in China dips by RMB 27/t to RMB 3,278/t; A00 aluminium ingot price slips by RMB 230/t
On Wednesday, February 23, the average alumina spot price in China has gone down by RMB 27 per tonne to score at RMB 3,278 per tonne, finds the Shanghai Metals Market. For the same day in Shandong and Henan the price has moved down by RMB 5 per tonne to settle at RMB 3,295 per tonne and RMB 3,315...
LME aluminium price escalates by US$105/t to peg at US$3,420/t; SHFE price slips by US$16/t
Three-month LME aluminium opened at US$3,285 per tonne on Tuesday morning, and gained US$13 per tonne or 0.4% to close at US$3,303 per tonne. On Tuesday, February 22, LME aluminium cash bid price had escalated by US$106 per tonne or by 3.19% to settle at US$3,419 per tonne. LME aluminium official...
Two GFG Alliance firms files lawsuit to recapture aluminium smelter in Northern France
Sanjeev Gupta's GFG Alliance metals empire has filed a last-ditch bid in London's high court to recapture a coveted aluminium smelter in northern France from a US private equity firm. Two GFG Alliance firms have launched a lawsuit against a fund owned by American Industrial Partners (AIP), which...
Norsk Hydro’s dividend payment for 2021 may surge more than quadruple
Norsk Hydro, a Norwegian aluminium producer, posted record quarterly and yearly earnings on Tuesday, owing to a boom in global commodity prices, and indicated its dividend payout for 2021 will more than quadruple. In the October-December quarter, adjusted profits before interest, taxes,...
