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THINK ALUMINIUM THINK AL CIRCLE
The global aluminium industry is gradually breaking its barriers to come out of the pandemic, though still countering production curbs, lay-offs, anti-dumping incidents, etc. but also delivering high profits and dividends. As the travelling mode is still facing challenges from certain new variants of the Covid, but to keep the wheels of the business rolling, AlCircle exhibits the updated list of confirmed exhibitors & sponsors for its Expo 2022. The Romanian aluminium house Alro S.A aims to find solutions to resume electrolytic aluminium production.
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The aluminium smelters entail a raw material that enables the perfect chemical balance through the complicated procedure of converting alumina to aluminium metal. The booming aluminium sector of Australia primarily relies on China to keep the smelters running. The nation is the largest aluminium-producing region without a domestic AIF3 production capacity.
To know more: https://www.alcircle.com/news/yeast-for-bakery-alf3-in-aluminium-smelter-stands-equal-ian-levy-abx-group-75493
The news of AlCircle’s third virtual event, “AlCircle Expo 2022,” is spreading like wildfire! With the first list of confirmed exhibitors and sponsors announced on Tuesday, January 25, AlCircle is excited to announce that more new confirmed exhibitors and sponsors have been added to the list, bringing in the total count to 25. The event will be held virtually on February 15 and 16, from 11 a.m. to 7 p.m. (GMT).
To know more: https://www.alcircle.com/news/alcircle-shares-the-updated-list-of-confirmed-exhibitors-sponsors-for-its-expo-2022-75544
The LME aluminium benchmark price gained US$15.50 per tonne or 0.51 per cent on Thursday, February 3, following three consecutive days of fall from US$3,110 per tonne to US$3,043 per tonne. LME aluminium cash (bid) price and LME aluminium official settlement price settled at US$3,058 per tonne and US$3,058.50 per tonne, respectively, on February 3. 3-month bid price and 3-month offer price increased by US$7 per tonne to total at US$ US$3,033 per tonne and US$3,035 per tonne.
National Aluminium Company Limited (NALCO) slashed its aluminium ingot and aluminium products prices, with effect from, Tuesday, February 1, following five consecutive hikes since January 7. With the latest cut, NALCO’s aluminium ingot price came in at INR 260,550-264,050 per tonne, down by INR 4,500 per tonne from INR 265,050-268,550 per tonne on January 29.
To know more: https://www.alcircle.com/news/nalco-cuts-its-aluminium-ingot-price-by-inr4500-t-or-1-7-with-effect-from-february-1-75538
The Aluminium Association of India (AAI) has addressed the Ministry of Coal urging for the immediate resumption of adequate coal rakes for the highly power-intensive aluminium industry with no assurance of adequate coal supply notwithstanding the stockpiles of coal gushing captiously low, resulting in production derangement emerging across the Indian aluminium sector.
To know more: https://www.alcircle.com/news/aai-addresses-ministry-of-coal-on-distressed-coal-stocks-75513
On Wednesday, February 2, the Aluminium Association of India demanded from the government a supply of 25-30 coal rakes per day to ensure viable operations of the aluminium industry. The association informed the government about the availability of coal stocks for only three to four days while production disruptions have been looming across the Indian aluminium sector.
To know more: https://www.alcircle.com/news/aai-seeks-25-30-coal-rakes-per-day-for-viable-operations-of-the-aluminium-industry-75534
European Aluminium, the European industry voice for the aluminium value chain, is happy to announce Paul Voss' appointment as Director-General, effective from 1 February 2022. Mr Voss will follow Gerd Götz, who will leave the Association at the end of March after almost a decade as the head.
To know more: https://www.alcircle.com/news/european-aluminium-appoints-paul-voss-as-the-new-director-general-75517
Hindalco Industries Limited back-to-back reduced its aluminium ingot and aluminium products prices, with effect from Wednesday, February 2. The company’s aluminium ingot price saw a cut of INR 2,000 per tonne or 0.76 per cent to come in at INR 262,750 per tonne. On February 1, the price stood at INR 264,750 per tonne after being declined by INR 3,250 per tonne.
According to the latest estimates, aluminium has strong potential in 2022 to outperform other non-ferrous metals on the London Metal Exchange, exceeding the important milestone of $3000/t at the start of the year. The news came after diversified mining major Eurasian Resources Group CEO Benedikt Sobotka said in a statement on January 27.
On Friday, January 28, Vedanta Limited, a subsidiary of Vedanta Resources Limited, declared its unaudited Q3 and nine-month results ended December 31, 2021. The company said it earned consolidated quarterly revenue of INR 33,697 crore, an increase of 12 per cent Q-o-Q from INR 30,048 crore and up by 50 per cent Y-o-Y from INR 22,498 crore. The revenue in nine months came in at INR 91,850 crore, which flaunted a hike of 56 per cent from INR 58,989 crore during the same period last year.
ALRO S.A. one of Europe's largest vertically integrated aluminium producers by capacity, announces that the company's management is focusing on finding solutions to restore electrolytic aluminium production to the level of 2021 beginning in 2023, subject to market energy prices.
To know more: https://www.alcircle.com/news/alro-s-a-aims-to-find-solutions-to-resume-electrolytic-aluminium-production-75503
The Aluminium Association of India (AAI) has addressed the Ministry of Coal urging for the immediate resumption of adequate coal rakes for the highly power-intensive aluminium industry with no assurance of adequate coal supply notwithstanding the stockpiles of coal gushing captiously low, resulting in production derangement emerging across the Indian aluminium sector.
To know more: https://www.alcircle.com/news/aai-addresses-ministry-of-coal-on-distressed-coal-stocks-75513
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