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.
Soaring energy price stirs Hydro to curb 60% production at Slovalco aluminium smelter
On 7 th February 2022, Slovakia’s only primary aluminium producer Slovalco aluminium smelter has announced that it has further slashed its production to around 60% in regards to soaring energy prices, emissions allowances and absence of government compensation. Slovalco mentioned that the axe in...
Nalco’s Q3 profit excels over three times to INR 831 crore
The Indian state-owned National Aluminium Company (NALCO) has reported that its consolidated net profit excelled from 246.53% to INR 830.67 crore on an up-rise of 58.62% in net sales to INR 3773.26 crore in Q3 December 2021 in comparison to Q3 December 2020. The Profit before tax elevated 271.47%...
Ghana: Official survey for commercial bauxite mining at Nyinahin-Mpasaaso range commences
The official survey towards the activities for confirmation of commercial deposit of bauxite in the Nyinahin-Mpasaaso range in the Ashanti region commences. Rock shore Mining International with its partner company, Sahara Mining Consultants have processed to the site and started drilling the hills...
Ecuador’s export of aluminium scrap during 2019-21 illustrates gradual downfall; 26% further dip estimated for 2022
The economic recovery of Ecuador has been analysed by several economists to remain relatively weak in 2021 but forecast growth exceeding 4% in 2022, while Ecuador has managed to plug its large fiscal deficit projected to reach $4.8 billion (4.6% of GDP) in 2021— with credits and deferrals. The...
Bahrain’s industrial giants Alba, Bapco join forces to foster green and sustainable industrial development
On 6 th February 2022, the Gulf state Bahrain’s duo industrial giants Aluminium Bahrain B.S.C. (Alba) and Bahrain Petroleum Company (Bapco) in the first-of-its-kind initiative, have signed a Memorandum of Understanding (MoU) towards joining of forces to share knowledge and collaborate on...
Primary aluminium weekly recap: AlCircle shares the updated list of confirmed exhibitors & sponsors for its Expo 2022; Alro S.A aims to find solutions to resume electrolytic aluminium production
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...
Norsk Hydro secures position in the list of “Fortune – The World’s Most Admired Companies 2022”
The Norwegian aluminium and renewable energy company, headquartered in Oslo Norsk Hydro holds a position among the list of “Fortune – The World’s Most Admired Companies 2022” as one of only three companies from Scandinavia. Hilde Merete Aasheim, the President & CEO of Hydro stated, “This is a great...
Downstream products weekly recap: Almin Metal Industries in Zimbabwe all set for further expansion; Matalco Inc. acquires aluminium billet manufacturer Ohio Valley Aluminum Co. LLC
The downstream segment of the global aluminium sector is still witnessing acquisitions and expansions, which started eventfully from the later part of the previous year. This happening ensures that the global manufacturing industry is countering and gradually recovering the dent created by the...
World aluminium associations call on G7 trade ministers to address the issue of state subsidies
On 4 th February 2022, the world’s leading aluminium associations, which comprises, The Aluminium Association (USA), European Aluminium, the Aluminium Association of Canada and the Japan Aluminium Association in conjunction released their newest policymaker briefing, ‘Towards a Fairer and Cleaner...
Qamco reports a nine-fold leap in net profit for 2021
The Doha based highly profitable producer of aluminium, Qatar Aluminium Manufacturing Company (Qamco) has booked an almost nine-fold year-on-year leap in net profit to QR835 million in 2021, rendering into earnings-per-share (EPS) of QR0.15. Qamco board has recommended a total annual dividend...
Aluminium: The future of foundries
The factories that produce aluminium metal castings are commonly known as aluminium foundries. In the casting process, aluminium is melted in a liquid form, pouring into a mould and then after the aluminium cast cools off and solidifies, it is drawn from the mould or cast. Aluminium can be cast...
Indonesian ambassador to Sri Lanka meets Prime Minister Mahinda Rajapaksa to promote aluminium, electric motorcycles
On 2 nd February 2022, the Indonesian Ambassador to Sri Lanka, Dewi Gustina Tobing met the Prime Minister of Sri Lanka, Mahinda Rajapaksa in Colombo towards promotion and the marketing of Indonesian produced aluminium and electric motorcycles. The ambassador promoted the aluminium manufactured in...
Safex Chemicals take possession of aluminium phosphide manufacturing firm Shogun Lifesciences
On 3 rd February 2022, the Indian agrochemical industry Safex Chemicals acquired the western India state Gujarat-based aluminium phosphide manufacturer, Shogun Lifesciences through its wholly-owned subsidiary Shogun Organics Ltd. Now, the acquisition compels Safex Chemicals the lone company in...
ETi Alüminyum expands its solar park intending to produce green aluminium, reaching the net-zero target
The Turkish organization, ETi Alüminyum, which is counted as one of the few integrated facilities in the world that can produce from the mine to the final products with a wide range of uses, from window profiles to aeroplanes is expanding its solar park with two projects that are contemplated to...
Jamalco reconstruction process to commence from June 2022: Finance Minister
On 1 st February 2022, the Minister of Finance and the Public Service of Jamaica, Dr Nigel Clarke asserted to the ‘House of Representatives’ that the proceeding of reconstruction at the Government's part-owned bauxite/alumina company Jamalco is on course. Dr Clarke, while countering to questions...
Alunorf efforts to reduce carbon footprint signs wind PPA with French energy company Engie SA
The leading aluminium smelting and rolling mill in the world, Aluminium Norf GmbH (Alunorf) will purchase electricity from five wind parks in the state of North-Rhine Westphalia to diminish its carbon footprint. The German aluminium producer, Alunorf’s inked power purchase agreement (PPA) with...
Almin Metal Industries in Zimbabwe all set for further expansion
The Harare, headquartered Zimbabwean manufacturing company, Almin Metal Industries Limited is all set to open three new branches in March 2022 as part of its drive for business expansion. In 1969, Almin Metal Industries was founded, while the company is in the business of manufacturing and supply...
AAI addresses ‘Ministry of Coal’ on distressed coal stocks
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...
