AlCircle News Edited By "Rupankar Majumder"
A professional with a technical background, specialising in producing insightful content centred around metals, particularly aluminium, passionately engaged in the intricacies of the recycling sector.
Cameroon’s National Mining Company Sonamines inks MoU with CREC5 to develop the bauxite deposits in Ngaoundal and Makan
On 18 th February 2022, the national mining company of Cameroon, Sonamines through its Director-General Serge Boyogueno, signed a memorandum of understanding with China Railways No. 5 Engineering Group Co. (CREC 5), a subsidiary of China Railways Group Ltd., to support Sonamines in the development...
Novelis to invest $50 million towards establishing a recycling center at Ulsan Aluminum joint venture in South Korea
On 21 st February 2022, the world leader in aluminium rolling and recycling, Novelis Inc. publicized that it will invest approximately $50 million towards establishing a recycling center at its Ulsan Aluminum joint venture in South Korea. The project is fully financially backed up by Novelis, the...
Jamalco’s effort to safeguard 1000 jobs due to fire impact lauded by Mining Minister
The Minister for Transport and Mining of Jamaica, Audley Shaw stated his gratification that despite the negative impacts of the previous year’s fire at Jamalco, the refinery has been able to safeguard the jobs of around 1,000 employees. Audley Shaw while speaking to a local media said, “I am glad...
Speira signs agreement to acquire aluminium recycler Real Alloy Europe
On 21 st February 2022, the leading aluminium rolling and recycling firm, Speira declared that it has signed a definitive agreement towards the acquisition of the European business of Real Alloy ("Real Alloy Europe"). However, the finalization of the transaction is subject to customary closing...
Despite challenging conditions ‘Salzburger Aluminium Group’ reports excellent turnover for 2021
The year 2021 instituted an immensely optimistic result for the Salzburger Aluminium Group, an Austrian family business with 1100 employees worldwide. The market leader for aluminium tanks for trucks, despite challenging situations spawned by the Covid pandemic, supply chain problems, the...
Rio Tinto, Tasmania Govt. inks a new working partnership at Bell Bay Aluminium to ensure sustainable future of the region
On 21 st February 2022, the global mineral and metal giant Rio Tinto signed a new partnership agreement with Tasmanian State Government at the Bell Bay Aluminium smelter towards working together to ensure a strong and sustainable future economy for George Town, the Tamar Valley region and Tasmania....
Downstream products weekly recap: Fehrmann Tech Group on-boards 3D printing intellects to support expansion; AMAG reports new high in its earnings for FY2021 backed on aluminium shipments above the pre-crisis level
The global aluminium industry’s downstream segment is regaining its earlier form gradually, as the week observed Fehrmann Tech Group on-boarded 3D printing intellects to support its further expansion, The Austrian metal company AMAG revealed high in its earnings for FY2021 shouldering on aluminium...
India: Decades-old political party appeals Prime Minister to repeal the decision of NALCO’s privatisation
The oldest communist party of the country, Communist Party of India’s (CPI) general secretary D Raja has delivered a written statement to Prime Minister of India, Narendra Modi appealing him to repeal the Govt. of India’s decision towards privatisation of state-owned integrated aluminium company...
Hydro reports blackout at Albras aluminium smelter
The global aluminium giant, Norsk Hydro has reported that one of the four production lines at its part-owned aluminium smelter in Brazil, Albras was shut down on the morning of 19 th February 2022 due to an internal power distribution failure. The power distribution failure appeared within one...
Primary aluminium weekly recap: South32 vows for further investment in low carbon aluminium as profit mounts; Aluminium growing prices anticipate securing potential gains of VALCO
The primary aluminium segment of the global aluminium industry has remained quite eventful this week. LME aluminium cash bid price spiked by US$12 per tonne or 0.36% to close at US$3,292 per tonne on 17 th February 2022. India’s NALCO aluminium ingot price has seen a surge of INR 5,400 per tonne to...
Wheels India targets to boost export contribution to one-third of sales, distinctly aims at aluminium wheels
The TVS Group promoted, Wheels India Limited, India’s largest auto component manufacturer of wheels for commercial vehicles in an astute strategy that compels the company to view more externally, the company is aiming towards strengthening its export contribution to one-third of its sales. Wheels...
Hydro continues to deliver seamless aluminium tubing applied in the frame for all-electric Ford F-150 Lightning
Hydro Extrusion, part of Norway headquartered Norsk Hydro Group is supplying flawless aluminium tubing which is applied in the frame of the cab in the all-electric F-150 Lightning. The world-leading aluminium extrusion business, Hydro began supplying aluminium components with the 2015 model year...
Spun out of BHP Billiton ‘South32’ vows for further investment in low carbon aluminium as profit mounts
On 17 th February 2022, the mining and metals company, South32 with its headquartered in Perth, Western Australia reported a bumper first half with a 57% rise in revenue propelling profit surge, although the operational challenges remain. The diversified mining company booked pretax profit for the...
Bauxite miner Metro Mining accomplishes loading of 2021 contracts
The Australian bauxite exploration and mining company Metro Mining (MMI) has accomplished loading the final vessels to settle its 2021 contractual commitments of 3.1 million wet metric tonnes (WMT). However, the Brisbane, Queensland headquartered company reported that tonnage loaded in January and...
EPIQ MECFOR ties new partnership with Taylor Northeast (TNE), a step closer to American clients
The world leader in heavy equipment for the aluminium, pulp and paper and rail equipment industries, EPIQ Machinery announces that Taylor Northeast (TNE), a US-based material handling equipment supplier, is now the factory-authorized distributor of EPIQ MECFOR mobile equipment, products and parts...
AMAG Austria Metall AG extends the contracts of CEO Gerald Mayer, COO Helmut Kaufmann
On 16 th February 2022, at the supervisory board meeting of AMAG Austria Metall AG, a resolution has been passed to implement an early extension of the contracts of Chief Executive Officer Gerald Mayer and Chief Operating Officer Dr Helmut Kaufmann. The leading Austrian premium supplier of...
AAI seeks CIL’s sustainable coal supply assurance to the aluminium industry-owned captive power plants
The apex body representing the entire spectrum of the Indian Aluminium Industry, the Aluminium Association of India (AAI) has solicited the mediation of the Indian state-owned coal mining and refining corporation, Coal India Limited in regards to the continuation of sustainable coal supplies and...
Aluminium growing prices anticipate securing potential gains of VALCO
The present global aluminium market progress is predicted to navigate probable dividends of the Volta Aluminium Company (VALCO), as the Ghana government pursues to materialize for reviving the operations of the one-time centrepiece of the nation’s economy. Michael Ansah, the CEO of Ghana Integrated...
