AlCircle News Edited By "Pratyusha Chatterjee"
A writer with 5+ years of experience in the communication industry, Pratyusha Chatterjee has indulged in content from the business, lifestyle, travel industries and more. Apart from news and content, Pratyusha is immensely fond of participating in cultural events and managing them.
Aluminium artwork mistaken for crushed beer cans at Netherlands’ museum
An art exhibit crafted from aluminium to resemble two used beer cans, a unique and thought-provoking creation, suffered an unfortunate fate at the LAM museum in Lisse, Netherlands. A misunderstanding by a mechanic led to the exhibit being discarded as trash. The exhibit titled 'All The Good Times We Spent Together' by French artist Alexandre Lavet is a testament to the dedication, a conglomeration of hand-painted aluminium pieces made over a surprising amount of time, consuming immense energy and detail to create. Lavet's cans have been displayed in museums across the Netherlands and Berlin. However, when the mechanic from this museum saw it on the elevator floor, it seemed beyond conception of what a blunder he was about to make. He picked it up and tossed it over to the garbage, only to...
Premium aluminium supply shortage adds to the business decline scene of JLR
Tata's Jaguar Land Rover (JLR) production has reduced by 7% due to the supply shortage of premium aluminium. Compared with last FY, Tata Motor's subsidiary JLR production is down from approx. 93,000 to close to 86,000. Subsequently, Tata Motor's share price dropped by 3 per cent on Tuesday morning, consequent to its sales decline of JLR by a similar percentage. The share price opened at ₹918.10 on the BSE today, 1 per cent lower than its Monday closing of ₹928.10. Tata Motors' share price thereafter declined to ₹893.90, with retribution of over 3 per cent. Jaguar Land Rover's sales apart from production, including the joint venture Chery Jaguar Land Rover in China, has also decreased by 3 per cent, summing up to 103,108 units in Q2 FY25 compared to the same period last year, Q2 FY24....
GCC countries gear up for green aluminium production ahead of 2026's Carbon Tax scheme
Gulf countries are determinedly shifting to green aluminium production since past few years amidst the upcoming enactment of 2026's Carbon Tax scheme. As of 2020, Aluminium Stewardship Initiative(ASI) reported that the GCC country smelters are close to ASI’s benchmark carbon emission target of 8 tonnes of CO2e emission per tonne of aluminium production. "Several Middle Eastern aluminium producers have made clear efforts to offer low-carbon emissions aluminium products to the wider market, including products with higher recycled content, as part of a response to the growing demand for this material as well as preparation for the implementation of CBAM in the EU in 2026," Khaula Bhatti from S&P Global Commodity Insights disclosed to a regional media. The current transitional stage of the...
Capral Aluminium's initiative brings forth the story of an innovative security screen firm in Australia
As a part of an ongoing initiative #CraftedWithCapral led by Capral Aluminium, Central Screens and Locks' business story is unveiled. Starting in 1993 with two employees in an 80-square-meter factory, the 30-year-old brand has grown to employ 29 employees in a 1200-square-meter production facility. Central Screens and Locks, owned by husband-wife duo Nigel Waine and Christine, is Australia's household name and is known for its complete security solutions, including domestic security screens and commercial cyclonic screens. Additionally, Central Screens' locksmith division names it a one-stop-hub with services including but not limited to lock replacement, keying solutions and security keypads. Reminiscing on the early days of the company, Nigel recalls, "Our journey started from the...
Red Magic to launch its first-ever aluminium unibody gaming laptops
Red Magic, a renowned European brand with gaming PC, smartphone and tablet solutions, now delves further into the gaming world with its high-performing gaming laptops. The company's first gaming laptop, Titan 16 Pro, is built with an aluminium unibody chassis, enabling the machine to be lighter in weight, lighter on the pocket au contraire stronger inside out. This device boasts a sleek, premium matte finish and weighs 2.4 kg. Intel’s 14th-generation Core i9-HX processor and Nvidia’s GeForce RTX 4060 with 8 GB of VRAM enable this laptop to easily handle modern AAA games, 4K video editing, and 3D rendering. The laptop has an IPS LCD with a resolution of 2,560 x 1,600 px, 240Hz refresh rate, and a 16:10 aspect ratio, offering outstanding colour accuracy consistent with Nvidia G-Sync for...
Vedanta stock coverage resumed by ICICI securities with a growth forecast of 18 per cent
ICICI Securities recommends buying Vedanta's stock with a forecast of a stock price rise of 18 per cent. Driven by volume, value and cost reduction, the large-cap diversified metals company traded with a cut, even directing the ICICI securities, the domestic brokerage firm, to resume coverage on their stocks. The stock price for Vedanta has hit its 52-week high price at Rs 211.2 and Rs 523.6 per share, respectively, in recent days. Vedanta Resources' fiscal performance has exhibited significant improvement, driven by strategic diversification across various metals and successful cost optimisation initiatives in aluminium production. Consequently, the company has witnessed a substantial reduction in its deficit. Furthermore, anticipated debt deleveraging of INR 21,000 crore over the next...
Canada's aluminium and steel tariff surcharge on China to be effective from Oct 22
Canada reconfirms introducing tariff surcharges on aluminium and steel for Chinese enterprises. The tariff will be applicable effective October 22, 2024, on the finalised list of products from China. The confirmation came from Deputy Prime Minister and Minister of Finance Chrystia Freeland, as the government agrees that this will safeguard workers and businesses in Canada's aluminium and steel industries against China's unfair trade policies and consequently prevent trade diversion resulting from recent actions taken by Canadian trading partners. "We are moving in lock-step with key international partners to protect Canadian workers and businesses in our steel and aluminium sectors from China's intentional, state-directed policy of overcapacity and oversupply, which is undermining...
Rusal to double smelter capacity by 2030; Construction planned to start soon
Rusal, the leading aluminium producer from Russia, has announced it will double its smelter capacity to 600,000 tonnes by 2030 in its Boguchansky aluminium production site in Siberia. The jointly owned plant by Rusal and state-controlled power generating company RusHydron shall witness construction for the project at Boguchansky from 2025, confirmed local government official quoting Rusal vice president Elena Bezdenezhnykh. Adding to the statement, a Rusal representative stated that the investment volume and financial model calculation would conclude by the end of 2024. Rusal is accounted for the world's largest aluminium production outside of China and launched operations at Boguchansky in 2019 with a total investment of $1.6 billion. When full capacity is evaluated, the total project...
Genx PV to introduce an aluminium frame production facility in Raipur, targeting INR 900 crore revenue
Amidst Renewable Energy India Expo 2024, GenX PV announced the establishment plan of its aluminium frame manufacturing site in Raipur, besides its present unit in Bengaluru, India. Piyush Agarwal, Founder and Managing Director of GenX PV, reaffirms the company's commitment to quality and efficiency. He said, "With our fully integrated aluminium frame facility and backward integration into junction box manufacturing, GENX PV is not just expanding its capacity but redefining the end-to-end ecosystem for solar panels. Our innovative product portfolio, which includes advanced diodes and precision-engineered components, ensures we are meeting the demands of tomorrow's solar energy landscape. By controlling every aspect, from raw materials to finished products, we are delivering unmatched...
Hydro invests NOK 1 billion in two sustainable projects: A new extrusion press and recycling capacity expansion
Hydro introduces a 12-inch indirect extrusion press, invalidating two older presses in Cressona, Pennsylvania, where the capacity of the recycling facility has also been expanded to an additional 50,000 tonnes. The NOK 1 billion investment goes into taking forward the company's effort to create more efficient and modern operations in North America. A part of these projects shall present the most extensive recycling facilities of Hydro to date, with a capacity of 2,70,000 tonnes per year. "With these investments, we continue the development of the Cressona plant as a key part of Hydro Extrusions in North America. The increased efficiency and the ability to deliver recycled aluminium with a lower carbon footprint to our North American customers caters to the growing demand for more...
