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 touches milestone at US$3,020/t; SHFE price surges by US$35
Three-month LME aluminium opened at US$2,958.5 per tonne yesterday and closed at US$3,042 per tonne, up 2.79 percent. On Monday, October 11, LME aluminium cash (bid) price moved up US$117.5 or by 4.04 percent to record at US$3,019 per tonne. LME aluminium official settlement price soared up by...
Former President of Ghana sold three-quarters of Ghana’s bauxite to Ibrahim Mahama, says Vice President's aide
Gideon Boako, an aide to Mahamudu Bawumia the Vice President of Ghana, revealed that around three-quarters of Ghana’s bauxite reserve were sold to another company by John Dramani Mahama, the former President of Ghana. The company, to whom Ghana’s bauxite reserve was sold, is associated with Ibrahim...
Primary aluminium inventories in China surge by 47,000 tonnes week-on-week to 862,000 tonnes: SMM
According to the Shanghai Metals Market on October 8, social inventories of primary aluminium increased by 47,000 tonnes to settle at 862,000 on the week across eight major consumption areas, along with SHFE warrants. The inventories increased across China. Last week on September 30, primary...
LME aluminium price moves down by 0.48% to US$2,902/t; SHFE price increases by US$14
Three-month LME aluminium opened at US$2,943 per tonne last Friday and closed at US$2,959 per tonne, up 0.59 percent. Both LME aluminium cash (bid) price and LME official settlement price reduced by US$14 or by 0.48 percent to settle at US$2,901.50 per tonne and US$2,902 per tonne. 3-month bid...
Alumina Production in Shanxi suspended due to heavy rainfall
According to Shanghai Metal Market (SMM), the open-pit bauxite mines in the Jinzhong area of Shanxi were closed due to heavy rains. For alumina plants which use domestic bauxite were less than ten days. Due to the heavy rain roads were blocked, as a result of which the transportation efficiency of...
OPSCB organises public hearing for the establishment of the Hindalco's alumina refinery in Kansariguda
On Thursday, October 7, a public hearing was held at Dharada village located under Koraput’s Lakshmipur tehsil. The public hearing was organised by the Odisha State Pollution Control Board (OPSCB) for the establishment of Hindalco’s 3 million tonne capacity alumina refinery and 150 MW capacity...
HyNet welcomes leading aluminum recycler Novelis to join their low carbon hydrogen mission
Novelis, one of the leading producers of flat-rolled aluminum products and the world's largest aluminum recycler, has joined hands with HyNet low carbon clusters. Novelis is one of the 24 major employers in the North West to work together with HyNet. Apart from this, other industries like the...
Vedanta Aluminium receives ‘Best in Future of Digital Infrastructure’ award at IDC Digital Transformation Summit India
Vedanta Aluminium, one of the largest producers of aluminium and value added products in India grabbed the “Best in Future of Digital Infrastructure,” award at the IDC Digital Transformation (DX) Summit India and Future Enterprise Awards 2021. The esteemed IDC Future Enterprise Awards celebrate the...
LME aluminium price increases by 1.25% to US$2,916/t; SHFE market resumes at US$3,562/t after a week long holiday
Three-month LME aluminium opened at US$2,900 per tonne yesterday and closed at US$2,942 per tonne, up US$45 per tonne or 1.55 percent. LME aluminium cash (bid) price increased by US$36.5 or by 1.26 percent to score at US$2,915.50 per tonne. LME aluminium official settlement price surged by US$36 or...
Guinea enthrones ex-CBG employee Mohamed Beavogui as new Prime Minister
On Wednesday, Guinea’s military junta named Mohamed Beavogui as the new prime minister. A former civil servant and an expert in agricultural finance, as a prime minister he will preside over the promised transition of back to the democratic rule after a September coup. Apart from serving as a civil...
LME aluminium decreases by 0.50% to US$2,880/t; SHFE market is closed for the National Day holiday
LME aluminium benchmark price surged 0.51 percent on Wednesday, October 6. LME aluminium cash (bid) price reduced by US$15 to settle at US$2,879 per tonne. LME aluminium official settlement price lowered by US$14.5 or by 0.50 percent to close at US$2,880 per tonne. 3-month bid price and 3-month...
Alba chairman main speaker at the 24th Arab-German Business Forum 2021
The Chairman of the Board of Directors of Aluminium Bahrain B.S.C. (ALBA), Shaikh Daij bin Salman bin Daij Al Khalifa was the main speaker at the 24 th Arab-German Business Forum 2021. The event was held at the Hotel Ritz-Carlton Berlin, Germany from October 4 to October 6 2021. The three-day...
Japan’s Q4 aluminium premium escalates 19% to $220/t
The aluminium shipments premium to the Japanese buyers for October to December closed at $220 per tonne. This shows an increase of 19% from the previous quarter flaunting higher overseas premium and tight supply, six sources involved directly in pricing talks said. The numbers are higher than the...
APAA in strong support of Section 232 Aluminium Program
The official association of primary aluminium producers, American Primary Aluminum Association (APAA) which is dedicated towards protecting the long-term interest of the U.S. primary aluminium industry and its workers came in support of the continuation of the Section 232 aluminium program. In...
LME aluminium elevates by 0.19% to US$2,894.50; SHFE market is closed for the National Day holiday
LME aluminium cash (bid) price increased by US$6 or by 0.20 percent to settle at US$2,894 per tonne. LME aluminium official settlement price surged by US$5.5 or by 0.19 percent to close at US$2,894.50 per tonne. 3-month bid price and 3-month offer price settled at US$2,911 per tonne and US$2,912...
RUSAL and PJSC TransContainer join hands to reduce carbon emissions in aluminium transportation
RUSAL and PJSC TransContainer (part of the DELO group) have joined the bandwagon to lower greenhouse gas emission and save the environment from its negative impact. Both of them have signed an agreement of intent on strategic cooperation to reduce the carbon content in the field of logistics....
US aluminium plates, sheets, bars exports to Canada surge 20.67% Y-o-Y in July 2021
According to the US Geological Survey (USGS), Canada imported 21,100 tonnes of plates, sheets, and bars from the United States in July 2021, showing a month-on-month reduction of 3400 tonnes or 13.87 percent. In June 2021, 24,500 tonnes of plates, sheets, and bars were exported to Canada, a...
Lanjigarh refinery’s alumina production moves up 11% in Q2 FY22, says Vedanta
Vedanta Limited on Monday announced that the alumina production in Lanjigarh refinery increased by 11 percent to close at 511,000 tonnes in the second quarter of FY2022. "The Lanjigarh refinery produced 511,000 tonnes of alumina in Q2 FY22, 6 per cent higher as compared to Q1 FY22 and 11 per cent...
