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.
Adaro Energy signs a letter of intent to invest in an aluminium smelter project in Indonesia
PT Adaro Energy based in Indonesia signed a letter of intent this week to invest in a smelter project to be developed at the Green Industrial Park Indonesia in North Kalimantan province. Adaro Energy, an Indonesian coal business, said in a statement on Thursday that it aims to build a $728 million...
LME aluminium price surges by US$115/t to close at US$2,811/t; SHFE price went up by US$65/t
LME aluminium opened at US$2,760 per tonne on Wednesday and closed at US$2,822 per tonne, an increase of US$53.5 per tonne or 1.93 percent. On Wednesday, December 22, LME aluminium cash (bid) price surged by US$115.5 per tonne or by 4.28 percent to clock at US$2,810.50 per tonne. LME aluminium...
US aluminium scraps export to Taiwan slips by 28.93% Y-o-Y in September 2021
According to the US Geological Survey (USGS), the United States exported 2,480 tonnes of US aluminium scrap to Taiwan in September 2021, showing a month-on-month hike of 70 per tonne or by 2.90 percent. In August 2021, 2410 tonnes of US aluminium scrap was exported to Taiwan, showing a decrease of...
Lewisport aluminium rolling mill to receive US$167 million investment from Commonwealth Inc.
Commonwealth Rolled Products Inc. will invest more than $167 million in its Lewisport aluminium rolling factory, says Kentucky Governor Andy Beshear. The 2.3 million-square-foot facility, which is now owned by New York-based American Industrial Partners (AIP), contains a large cast house and melt...
A00 aluminium ingot price in China hikes by RMB 140/t; Aluminium alloy (A356) price escalates by RMB 100/t
On Wednesday, December 22, the average alumina spot price in China has remained restrained to stand at RMB 2,818 per tonne, found the Shanghai Metals Market. The average alumina price in Shandong and Henan has also remained the same to come in at RMB 2,915 per tonne and RMB 2,815 per tonne, for the...
LME aluminium price hikes by US$50.5/t to stand at US$2,696/t; SHFE price ascends by US$37/t
On Tuesday, December 21, LME aluminium cash (bid) price hiked by US$50 per tonne or by 1.89 percent, while LME aluminium official settlement price for the same day soared up by US$50.5 per tonne or by 1.90 percent, respectively. The prices stood at US$2,695 per tonne for LME aluminium cash (bid)...
Australian Bauxite changes its name to ABx Group
Paul Lennon, the Chairman of the board at Australian Bauxite Limited, claims that a Tasmanian miner pursuing high technology has developed two "major prospects with tremendous upside potential in the near future." Shareholders of Australian Bauxite Limited voted decisively on Thursday to alter the...
Aluminium slips by -2% to stand at 216.5 due to ongoing pandemic scenario, says Aluminum Mini Futures
On Monday, December 20, Aluminum Mini Futures dropped by -2 percent to stand at 216.15 as the COVID-19 pandemic scenario remained depressing, and the omicron version was discovered in many locations, which alarmed the market. Aluminium supply remained low, and strong downstream demand continued to...
LME aluminium price moves down by US$47/t; SHFE price decreases by US$29/t
On Monday, December 20, LME aluminium cash (bid) price moved down by US$47 per tonne or 1.74 percent to stand at US$2,645 per tonne. LME aluminium official settlement price on the other hand dropped down by US$48.5 or by 1.80 percent to come in at US$2,645.50 per tonne, for the same day. 3-month...
European Aluminium files two cases with the General Court of the European Union
European Aluminium, which represents the entire European aluminium value chain, has filed two cases with the European Union's General Court to challenge the European Commission's 9-month suspension of definitive anti-dumping duties on Chinese aluminium flat-rolled products, which was imposed on...
US aluminium plates, sheets, and bars import from South Africa slumps by 31.71% Y-o-Y in September 2021
According to the US Geological Survey (USGS), the US imported 3,510 tonnes of US aluminium plates, sheets, and bars from South Africa in September 2021, showing a month-on-month descend of 3,780 per tonnes or by 51.85 percent. In August 2021, 7,290 tonnes of US aluminium plates, sheets, and bars...
Average alumina spot price in China slips by RMB 11/t to stand at RMB 2,823/t; A00 aluminium ingot price ascends by RMB 200/t
The average alumina spot price in China has opened the week on Monday, December 20, slumping by RMB 11 per tonne or by 0.38 percent to stand at RMB 2,823 per tonne, found the Shanghai Metals Market. For the same day in Shandong and Henan, the price has gone down by RMB 10 per tonne to close in at...
Recycled aluminium weekly recap: Every Can Counts initiative programme welcomes Brazil in its recycling drive; Aluminij Industries d.o.o, Glencore International AG inks two year supply agreement for primary remelt aluminium and offtake contract for extrusion billets
The recycled sector of the aluminium industry has been in the news for a good number of reasons. To begin with, AlCircle published its sector focus report 2021, titled, “World Recycled Aluminium Market Analysis – Industry Forecast to 2026.” The report delves further into the global aluminium...
Every Can Counts initiative programme welcomes Brazil in its recycling drive
Brazil will be a key participant in Europe's top drink can recycling programme, with a recycling rate of over 95 percent for aluminium cans. The Every Can Counts programme welcomes Brazil to its growing community after 12 years of pushing people to recycle on the move in 19 European nations. A...
Average alumina spot price in China slumps by RMB 26/t to close in at RMB 2,834/t; A00 aluminium ingot price surges by RMB 350/t
According to the Shanghai Metals Market, the average alumina spot price has been in the declining phase since early November. On Friday, December 17, the price has dropped by RMB 26 per tonne or by 0.96 percent to settle at RMB 2,834 per tonne. In Shandong and Henan, the average alumina spot price...
LME aluminium price hikes by US$33/t to close at US$2,630/t; SHFE price moves up by US$71/t
LME aluminium opened at US$2,605 per tonne on Thursday and closed at US$2,690.5 per tonne, an increase of US$80 per tonne or 3.08 percent. On Thursday, December 16, LME aluminium cash (bid) price hiked by US$32 per tonne or by 1.23 percent to close in at US$2,628 per tonne. LME aluminium official...
Aluminium billet inventories in China shrink by 10,000 tonnes this week to stand at 75,500 tonnes
According to the Shanghai Metals Market, aluminium billet inventories in China dropped by 10,000 tonnes week-on-week across five major consumption areas. As a result, the inventories totalled at 75,500 tonnes as of Thursday, December 16. Except for Huzhou, where inventory remained unchanged from...
US aluminium scrap exports to Thailand surges by 5.90% Y-o-Y in September 2021
According to the US Geological Survey (USGS), the United States exported 5,920 tonnes of US aluminium scrap to Thailand in September 2021, showing a month-on-month hike of 820 per tonne or by 16.07 percent. In August 2021, 5,100 tonnes of US aluminium scrap was exported to Thailand, showing a surge...
