Inventory overview: 850,000 tonnes arrives as expected; destocking pace slows marginally China’s aluminium ingot social inventory fell steadily from a phase high of 1.13 million tonnes in early July, with destocking of more than 170,000 tonnes in July alone. In August, the pace of destocking slowed...
Aluminium billet inventory fell to 139,500 tonnes, warehouse withdrawals recovered and processing fees were broadly under pressure. According to SMM statistics, China's aluminium billet inventory in major consumption areas recorded 139,500 tonnes on August 27, down 5,000 tonnes from last Monday and...
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According to the Shanghai Metals Market survey, China’s aluminium production in October 2023 (31 calendar days) amounted to 3.641 million tonnes, flaunting a month-on-month rise of 3.35 per cent from 3.523 million tonnes. On a year-on-year calculation, the output stood 6.7 per cent higher than 3.42...
Indian aluminium giants, including Hindalco Industries Ltd, Vedanta Ltd, and National Aluminium Corporation (NALCO), have reportedly reduced their aluminium prices in response to the LME aluminium price fall this week from October 30 to November 3. The LME aluminium benchmark price encountered a...
According to the Shanghai Metals Market survey, China’s social inventories of aluminium billets have marked a decline of 5,900 tonnes over the weekend, standing at 107,700 tonnes as of Monday, October 30. On a week-on-week basis, the inventories have recorded a fall of 7,200 tonnes from 114,900...
According to the Shanghai Metals Market, China’s social inventories of aluminium billet stands at 107,200 tonnes as of Thursday, October 19, reflecting a week-on-week fall of 5,600 tonnes from 112,800 tonnes. From Monday, October 16, inventories fell by 3,000 tonnes from 110,200 tonnes. The fall in...
Spectro Alloys is backing an investment worth $71 million to incorporate new aluminium recycling equipment in its Rosemount, Minnesota compound. One of the US's largest aluminium recyclers is eager to amplify its ability to sort and melt post-consumer scrap aluminium and cast it into different...
Indian aluminium players have increased their aluminium selling price this week in tandem with the LME aluminium growth trend. Vedanta has increased its aluminium ingot and aluminium products prices twice this week, while Hindalco once so far. On Friday, September 29, Vedanta expanded its aluminium...
Egyptalum, the Aluminium Company of Egypt, saw an augmentation of 47.6% in net profits after tax on a Year-on-Year basis for the fiscal year (FY) 2022-2023, as was reported by the firm on September 27. The company had registered EGP 3.691 billion in net profits the previous FY, which was more than...
Hydro unlocks new achievement by opening its new HyForge casting line at Hydro's aluminium recycling factory in Rackwitz, Germany. The 40 million EUR investments respond to the automobile industry's push to reduce carbon emissions by boosting the use of recycled, post-consumer aluminium waste. The...
On Thursday, September 7, China’s 6063 aluminium billet inventories across five major consumption areas totalled 81,800 tonnes, registering a week-on-week hike of 12,200 tonnes or 17.53 per cent from 69,600 tonnes, found the Shanghai Metals Market data. From Monday, September 4, the inventories on...
According to the Shanghai Metals Market data, 6063 aluminium billet inventories across China's five major consumption areas are recorded at 80,000 tonnes as of Monday, September 4, experiencing an increase of 10,400 tonnes or 14.94 per cent over the weekend. On a week-on-week basis, the inventories...
Indian aluminium giants like Hindalco, Vedanta, and NALCO have increased their aluminium prices twice this week in line with the LME aluminium price rally by US$64.50 per tonne from August 29-September 1. Hindalco Industries Limited upgraded its aluminium prices on August 31 by INR 2,500 per tonne...
Aluminium Bahrain B.S.C. (Alba) has expanded its AA6060 alloy family by adding a new alloy '6060.HE', aiming to extend product offerings to extruder customers. Produced in a billet form, Alba's new alloy has a faster extrusion rate that improves process efficiency and productivity for its users....
Alustar chose TOMRA's new generation X-TRACT™ for high-purity aluminium sorting in its production facility in Türkiye to produce secondary aluminium billet from aluminium scrap. In late 2022, Alustar, a well-established smelter in the Karadeniz Ereğli Organized Industrial Zone in Zonguldak,...
Leichtmetall Aluminium Giesserei Hannover GmbH has reportedly acquired ASI Performance Standard V2 (2017) Certification for remelting, casting and semi-fabrication operations. The company invented Continuous casting at the Hannover site as early as the 1920s. Later, it became one of the world’s...
Hindalco and Vedanta’s aluminium prices stood lower by the end of the week after several cuts from July 18 to 20, 2023. On Tuesday, July 18, Hindalco axed its aluminium ingot price by INR 3,750 per tonne to INR 212,250 per tonne. The company’s aluminium wire rod and billet prices also saw a similar...
Aluminium prices offered by Vedanta and Hindalco have shown a fluctuating trend this week from June 26-30. Vedanta aluminium ingot price started the week on Tuesday, June 27, at INR 203,000-227,000 tonnes, reflecting a drop of about 0.80 per cent from INR 204,750-228,750 per tonne on June 24. The...
Teknodrom Valuable Maden Recycling Inc ., Turkey's first and only precious metals recycling plant, was established in 2015. Teknodrom, which began in the computer sector and subsequently moved on to the iron and steel business, gathered expertise in precious metal recycling (like gold, silver, and...
AL Circle was delighted to welcome a delegation from Hycast AS last month and discuss how Hydro’s technology partner is taking aluminium casting to the next level globally. Ola Furu, Head of Project and Sales of Hycast AS, and August Riise, Senior Project Manager of Hycast, were in conversation...
