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 descends by 0.12% to US$3,176/t; SHFE price decreases by US$125
Three-month LME aluminium closed at US$3,170 per tonne, down 0.16 percent. LME aluminium cash (bid) price descended by US$3.5 or by 0.11 percent to close at US$3,175.50 per tonne. LME aluminium official settlement price decreased by US$4 or by 0.12 percent to total at US$3,176 per tonne. 3-month...
US aluminium crude metals and alloys imports from Qatar reflect an increase of 39.62% Y-o-Y in July 2021
According to the US Geological Survey (USGS), the United States imported 5,880 tonnes of crude metals and alloys from Qatar in July 2021, flaunting a month-on-month increase of 2,070 tonnes or 54.33 percent. In June 2021, 3,810 tonnes of aluminium crude metals and alloys were imported from Qatar, a...
Novelis plans investment of $130 million to boost Oswego operations
On Monday, October 18, Novelis Inc., one of the leading producers of rolling aluminum and the global leader in beverage can recycling announced that they will invest US$130 million in their Oswego, New York operations to fulfil growing customer demand for sustainable aluminum flat rolled products....
Govt. of India has no involvement in RAKIA’s international arbitration
According to reports, the Government of India informed the state of Andhra Pradesh that it has no involvement in the international arbitration brought by the Ras-Al-Khaimah Investment Authority (RAKIA) over the cancellation of a Bauxite supply deal between Andhra Pradesh Mineral Development...
LME aluminium price ascends by 0.53% to US$3,180/t; SHFE price increases by US$54
Three-month LME aluminium closed at US$3,170 per tonne, down 0.16 percent. On Monday, October 18, both LME aluminium cash (bid) price and LME aluminium official settlement price increased by US$17 or by 0.53 percent to settle at US$3,179 per tonne and US$3,180 per tonne. 3-month bid price and...
LME aluminium price increases by 0.34% to US$3,163/t; SHFE price surges by US$80
Three-month LME aluminium opened at US$3,127 per tonne last Friday and closed at US$3,175 per tonne, up 1.15 percent. LME aluminium cash (bid) price moved up by US$10.5 or by 0.33 percent to score at US$3,162 per tonne. LME aluminium official settlement price for the same day ascended by US$11 or...
AMAG announces record breaking earnings in Q3 2021 with EBIDTA of 53 million
In the first nine months of 2021, the AMAG group set new revenue and earnings records. The key reasons for this were consistent production results, increased export quantities, and a competitive aluminium pricing. AMAG is a major Austrian premium provider of high-quality aluminium cast and flat...
Dubal Holdings appoints Ahmad Hamad Bin Fahad as the new CEO
Dubal Holding, the investment arm of Investment Corporation of Dubai (ICD), announced Ahmad Hamad Bin Fahad as the new Chief Executive Officer of the company. Saaed Mohammed Al Tayer, the chairman of Dubal Holding, stated that Ahmad Hamad Bin Fahad’s appointment as the CEO was based on his...
Environment Southland evaluates contamination at Tiwai Point aluminium smelter site
Environment Southland is spearheading a project to determine the extent and effect of pollution at Tiwai Point, which involves analysing the complete site investigation (DSI) report shared by New Zealand Aluminium Smelters. The DSI study, which details the pollutants discovered at the Tiwai Point...
LME aluminium price ascends by 2.47% to US$3,152/t; SHFE price increases by US$54
Three-month LME aluminium opened at US$3,055 per tonne on Thursday morning and ranged between US$3,028-3,174 per tonne before closing at US$3,139 per tonne, up US$84 per tonne or 2.75 percent. On Thursday, October 14, LME aluminium cash (bid) price climbed up by US$76.5 or by 2.48 percent to settle...
Forest of Dean District Council launches an educational campaign to recycle aluminium foil
The Forest of Dean District Council has launched an educational campaign to boost aluminium foil collection and recycling rates. The scheme, which is being carried out in collaboration with the Aluminium Packaging Recycling Organisation (Alupro) and the European Aluminium Foil Association (EAFA),...
Aluminium varieties price remains stable despite power rationing
The coup in Guinea, a country rich in bauxite, in early September sparked market fears about a shortage of raw materials. Due to the dual control of energy use and the steep rise in coal costs, coupled with power rationing measures, the domestic power supply is tightening. The most actively traded...
LME aluminium price soars up by 0.78% to US$3,076/t; SHFE price moves down by US$66
Three-month LME aluminium opened at US$3,040 per tonne on Wednesday morning and ranged between US$2,996-3,118.5 per tonne before closing at US$3,055 per tonne a drop of US$11 per tonne or 0.36 percent. On Wednesday, October 13, LME aluminium cash (bid) price ascended by US$24 or by 0.78 percent to...
China’s Carbon Strategy ushers in a new era of secondary aluminium development
Domestic aluminium scrap accounts for 89 percent of total secondary aluminium raw materials in China, indicating that secondary aluminium manufacturing has become increasingly self-sufficient. China's secondary aluminium manufacturing capacity has surpassed 14 million metric tonnes, accounting for...
Nigeria receives four patrol boats made of aluminium from Aresa
Grup Aresa Internacional of Spain has delivered four Aresa 1700 inshore patrol boats to the Nigerian Navy. Aresa had already informed last month that the boats were shipped, marking the conclusion of commissioning, sea trials, etc. In April, Aresa announced the launch of their first fighter vessel...
LME aluminium price moves up by 1.05% to US$3,052/t; SHFE price increases by US$58
Three-month LME aluminium rose 0.79 percent to end at US$3,066 per tonne last night. On Tuesday, October 12, both LME aluminium cash (bid) price and LME aluminium official settlement price increased by US$32 or by 1.05 percent to settle at US$3,051 per tonne and US$3,052 per tonne. 3-month bid...
Rio Tinto remains serene while the energy crisis keeps local smelters afloat
Mining king Rio Tinto has signalled that they will be joining hands with the Queensland government to look for clean energy for their Boyne aluminium smelter, as Australian manufacturers are gaining a lot due to the crisis in global energy prices which is urging smelters in Europe and Asia to cut...
LME partners with Metalshub to develop digital metals spot market aiming ‘Green’ Aluminum
On Monday, October 11, the London Metal Exchange (LME), announced that they are planning to establish a digital base metal spot market which will focus on the trading of ‘green’ aluminum. For this initiative, LME will be partnering with a German digital metals trading platform called Metalshub. The...
