AlCircle News Edited By "Ishita Ganguly"
With a content marketing journey spanning over a decade, Ishita Ganguly currently works at AL Circle as a Content Strategist. When she's not crafting strategies, you'll find her lost in the musical world of post-rock and black metal.
ACG strengthens its position with the acquisition of Technical Aluminium Foil Company
ACG, a global leader in integrated pharmaceutical manufacturing solutions headquartered in Mumbai, India, has recently acquired full shareholding ownership of Technical Aluminium Foil Company LLC (TAFC UAE), solidifying its expansion strategy in the Middle Eastern and African markets. Expressing enthusiasm for this milestone, the CEO of ACG Films & Foils, Shivshankar SR, said, "We are excited to be making our first acquisition in the UAE. This strategic collaboration will further support our work in bringing innovative and high-quality packaging products to market while reducing lead times and improving service levels. By joining forces, the companies will be able to leverage their combined strengths and expertise to propel the business forward in the Middle Eastern and African markets."...
Xinjiang's aluminium smelters maintained robust production and stable distribution amid challenges
In a noteworthy development, Xinjiang's aluminium production capacity has surged to 6.18 million tonnes, making up 15 per cent of China's total output and ranking third nationally. Thanks to abundant coal and low-cost electricity, the region boasts an impressive operational rate of over 99 per cent. With cumulative aluminium production hitting 3.5675 million tonnes by July 2023, Xinjiang emerges as a major aluminium hub. Xinjiang's dominance extends to aluminium ingot production, where it commands a substantial 46.17 per cent share of molten aluminium and an output nearing 1.9206 million tonnes. The logistical advantage of being distanced from key consumer areas contributes to the ease of aluminium ingot sales. Despite recent supply chain disruptions in other regions due to flooding and...
China's aluminium production soars in July with optimistic outlook for August
China's domestic aluminium production for July 2023 surged to a staggering 3.568 million tonnes, registering an impressive 1.95 per cent year-on-year growth. This monumental achievement was underscored by the sector's average daily output, which escalated by over 3,000 tonnes month-on-month to a robust 115,100 tonnes. Notably, the year-to-date figures tell a compelling story of steady expansion, with total domestic aluminium production reaching 23.676 million tonnes, marking a 2.7 per cent year-on-year cumulative increase. July witnessed a minor ebb and flow in the molten aluminium ratio, a metric underlining industry health. Bolstered by increased downstream capacity, certain entities observed a shift from ingots to molten aluminium, propelling the ratio upwards by 0.6 percentage points...
Increasing costs reduce Rusal's profit by 75% in H1 2023
The Russian aluminium giant and global leader in low-carbon aluminium production, Rusal, recently unveiled its interim results for H1 2023. Amid a complex economic backdrop, the company's performance, market insights, and strategic direction come to the forefront. Rusal operates through four distinct segments – aluminium, alumina, energy, and mining and metals – each a strategic pillar contributing to the company's vitality. The aluminium and alumina segments hold particular significance, driving the core of Rusal's operations. In 2022, Rusal represented 5.6 per cent of global aluminium production, 4.5 per cent of alumina production, and nearly half of its production involved value-added products. Notably, Rusal's low-carbon aluminium, ALLOW, boasts a carbon footprint five times lower...
China's economic resilience sparks hope in Glencore amidst earnings downturn
Glencore, a powerhouse among globally diversified natural resource companies, has long been dominant in the commodities market. Its operations span both industrial and marketing domains, with a responsible commitment to providing the essential commodities that form the foundation of life's essentials. With a prominent presence in the alumina and aluminium sector, Glencore plays a pivotal role in the global market. It not only markets iron ore internationally but also processes and sells products sourced from various third-party aluminium and alumina producers. These offerings encompass a spectrum of essential elements, including bauxite, alumina, primary aluminium, and aluminium alloys, thereby shaping the very building blocks of numerous industries. Amidst a landscape characterized by...
India’s imported aluminium scrap witnesses W-on-W price dip, reflecting cautious metal futures
The Indian imported aluminium scrap market encountered significant challenges this week, with scrap prices experiencing a sharp decline of up to 5.8 per cent week-on-week. This reduction was primarily attributed to a scarcity of favourable offers aligning with lower futures, resulting in decreased buying inquiries and subsequently hampering transaction volumes, especially in specific regions. Presently, the aluminium scrap market is grappling with subdued demand, a direct consequence of lacklustre activity observed within the metal futures exchanges. This has triggered a prevailing bearish sentiment across the industry. The subdued state of the metal futures exchange has adversely impacted investor confidence, exerting a noticeable effect on both trading volumes and price trends. As a...
