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THINK ALUMINIUM THINK AL CIRCLE
The International Aluminium Institute (IAI) announced on November 28 that MYTILINEOS had successfully enrolled as a member of its organisation. By issuing membership certificates, the IAI, founded in 1972, unites international bauxite, alumina, and aluminium firms from all the key producing locations under one roof. The renowned Indian aluminium maker, a Vedanta Aluminium subsidiary, marked "World Quality Month" throughout its operations with various awareness-raising programmes for its staff, business associates, and community members. For October 2022, Russia and Eastern Europe produced 344,000 tonnes of primary aluminium, an increase of 3.61 per cent month over month. The output decreased by 5.14 per cent or 18,000 tonnes, from 350,000 tonnes in August to 332,000 tonnes in September.
On November 28, the International Aluminium Institute (IAI) declared that MYTILINEOS was successfully registered as one of its members. Established in 1972, the IAI brings together global bauxite, alumina and aluminium companies in all the major producing regions under one roof by providing them membership certificates.
To know more: https://www.alcircle.com/news/iai-welcomes-greek-integrated-aluminium-organisation-mytilineos-as-a-new-member-87257
The iconic aluminium producer in India and a subsidiary of Vedanta Aluminium observed 'World Quality Month' across its operations with various awareness-raising activities for its employees, business partners, and community members. The activities focused on raising their awareness of the importance of quality and enabling them to become active participants in developing a sustainable quality culture.
After three successful years, the AlCircle Team is once again gearing up to organise the fourth edition of its much-awaited virtual expo – Global Aluminium Expo 2023. Although the world has started assembling in person on various occasions like the pre-covid era, virtual events have not lost popularity, given the benefits and convenience.
To know more: https://www.alcircle.com/news/coming-soon-alcircle-presents-global-aluminium-expo-2023-87258
Aluminium Bahrain B.S.C. (Alba) bagged the awards titled ‘Leading Corporate for Investor Relations (IR) in Bahrain' and ‘Best Investor Relations Professional – Bahrain’ at the 2022 Middle East Investor Relations Association (MEIRA) Hybrid Annual Conference and Awards on October 24, 2022, in Riyadh, Kingdom of Saudi Arabia.
At the investor seminar organised by Rio Tinto, the global mining and metal giant will be sharing the status of its long-term plan to strengthen the company, expand in a decarbonising world, and continue to provide shareholders with competitive returns.
Shaikh Daij bin Salman bin Daij Al Khalifa, the Chairman of the Board of Directors of Aluminium Bahrain B.S.C., led the delegation representing the firm at the 24th Arab International Aluminium Conference and Exhibition (Arabal). The event was held in the Nile Ritz-Carlton in Cairo, Egypt, and was hosted by Egyptalum. It started on November 29 and ran through December 1.
To know more: https://www.alcircle.com/news/albas-chairman-shaikh-daij-bin-salman-leads-arabal-2022-delegation-87286
According to the Shanghai Metals Market, China's primary aluminium inventories decreased by 18,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, December 1, the inventories totalled 500,000 tonnes, which in comparison with the last Monday of the previous month, November 28, plummeted by 16,000 tonnes.
On Thursday, December 1, aluminium billet inventories in China increased to 69,000 tonnes, up by 6,000 tonnes from a week ago. The hike was witnessed in all the major consumption areas except Changzhou.
On Thursday, December 1, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$44 per tonne or 1.84 per cent and US$43.5 per tonne or 1.82 per cent to settle at US$2,430 per tonne and US$2,430.50 per tonne.
To know more: https://www.alcircle.com/news/lme-aluminium-benchmark-price-hikes-by-us43-5-t-to-us2-430-50-t-shfe-price-dips-by-us3-t-87297
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A00 aluminium ingot price was elevated by RMB 40 per tonne, resting at RMB 19,330 per tonne, as the Shanghai Metals Market recorded on Friday, December 2. The average prices are expected to range between RMB 19,310 per tonne and RMB 19,350 per tonne, with spot contracts trading at premium prices of RMB 70 per tonne and RMB 30 per tonne.
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