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.
Adani Group to invade aluminium sector, all set to establish aluminium smelter and alumina refinery
The Indian multinational conglomerate, headquartered in Ahmedabad, Gujrat, Adani Group, led by billionaire businessman Gautam Adani is all set to invade into the business of establishing up an aluminium smelter and alumina refinery. On 18 th December 2021, the flagship company of Adani Group, Adani...
Downstream products weekly recap: Rusal invests US$12 million in repairing and modernizing SKAD plant for aluminium alloy car wheels production; AMAG accomplishes acquisition of German firm Aircraft Philipp
The downstream segment of the aluminium industry derives its major raw material from the primary sector and is considered the most vital part of the industry. The week witnessed some notable events of acquisition and investment for developments in the downstream segment. The Russian aluminium giant...
Hindalco Industries acquires global aluminium giant Hydro’s aluminium extrusions business in India
On 17 th December 2021, the leading player in the extrusions industry in India, Hindalco Industries Limited inked a definitive agreement to acquire global aluminium giant Hydro’s aluminium extrusions business in India for INR 247 crore. The world’s largest aluminium rolling and recycling company...
Romania’s import of aluminium structures during 2019-21 exhibits steady growth
The metal aluminium has a density of around one third that of steel or copper, which denotes it as one of the lightest commercially available metals. The resultant of high strength to weight ratio drives it to an important structural material permitting enormous payloads or fuel savings for...
Flawed Chinese aluminium import delays the float of Royal Australian Navy boats for another nine months
The principal naval force of Australia, the Royal Australian Navy anticipates that its new Evolved Cape Class patrol boats might now be delayed for around nine months, which is expected to incur an additional expenditure of $44 million to keep its ageing fleet in the water, following the...
Evtec Aluminium secures £11.4 million funding package from Praetura Commercial Finance for the acquisition of Liberty Aluminium Technologies
The Manchester-based asset-based lender, Praetura Commercial Finance has sanctioned an £11.4 million funding package to Evtec Aluminium for the acquisition of Liberty Aluminium Technologies. Praetura Commercial Finance arranged and provided the £11.4 million asset-based lending (ABL) facility...
Ghana Revenue Authority to impose 35.77% duty on cheap aluminium products from China
The chairman of Aluworks PLC, Prof Lade Wosornu stated that the Ghana Revenue Authority’s custom division has stirred to impose an additional duty of 35.77% on cheap aluminium products imported from China, that will empower Aluworks, the aluminium continuous casting and cold rolling mill of Ghana...
Diversified mining and metals group South32 signs $1.4 billion credit facility with environmental intent
The globally diversified mining and metals company producing bauxite, alumina, aluminium among other commodities, South32 with its headquartered in Perth, Western Australia secured $1.4 billion (R22.5bn) in commitments from financiers until 2026, manifesting its new credit facility as a...
EGA’s architect of the marketing strategy ‘Walid Al Attar’ steps down after 37 years of service
On 15 th December 2021, Mubadala Investment Company backed Emirates Global Aluminium (EGA) publicized that Chief Commercial Officer and architect of the marketing strategy that made EGA the biggest ‘premium aluminium’ producer in the world, Walid Al Attar is to step down after 37 years of service...
Austria’s AMAG accomplishes acquisition of German firm Aircraft Philipp
The leading Austrian premium supplier of high-quality cast and rolled aluminium products used in a wide range of industries, AMAG Austria Metall AG is now grabbing the remaining 30% of the German firm Aircraft Philipp (ACP), based in Übersee am Chiemsee following the initial stakeholding in October...
Montenegro's majority state-owned energy supplier EPCG transfers the decision of KAP smelter to govt.
The integrated electricity company located in Niksić, Montenegro Elektroprivreda Crne Gore (EPCG) stated that the government has the power to decide whether the company should take charge of the production at KAP aluminium smelter owned by Montenegro's Uniprom. The majority state-owned power...
Poland’s export of aluminium foil during 2018-21 unveils rapid rise followed by continuous demand plunge
Aluminium foil is generated by rolling sheet ingots cast from molten billet aluminium, then re-rolling on sheet and foil rolling mills to the required thickness or by consistently casting and cold rolling. However, to maintain a constant thickness in aluminium foil production, beta radiation is...
Hydro to invest $230 million in Alunorte alumina refinery for transition to natural gas
The leading industrial conglomerate committed to a sustainable future, Norsk Hydro stated that the company will invest R$ 1.3 billion ($230 million) at its Alunorte alumina refinery in Brazil to supersede heavy fuel oil with natural gas. On 13 th December 2021, the company said in a statement:...
Inalum initiates to develop secondary aluminium smelting plant with production capacity of 50,000 tonnes
The Indonesian state-owned company specialized in aluminium smelting, Inalum Operating as part of the BUMN Holding Mining Industry MIND ID is dedicated towards the development of the national aluminium industry cluster. However, Inalum through its subsidiary PT Indonesia Aluminum Alloy (IAA) will...
Poland’s import of aluminium powder and flakes during 2019-21 reveals a sharp downfall with the further rise
Aluminium flake is a granular powder that is reaped from pure molten aluminium metal and is generally consumed and utilized in the pigments and coatings industries. According to Trading Economics global macro models and analysts expectations, the GDP of Poland is expected to reach $625.00 billion...
Aluminij Industries d.o.o, Glencore International AG inks two year supply agreement for primary remelt aluminium and offtake contract for extrusion billets
Aluminij Industries d.o.o., a part of the M.T. Abraham Group and Anglo-Swiss multinational commodity trading company, Glencore International AG has inked a contract for the supply of 300,000 tonnes of primary remelt aluminium, covering the anticipated consumption for 2022 and 2023. Concurrently,...
Downstream products weekly recap: GM plans to spend $51 million for equipment installation at Indiana aluminium die casting foundry; EU imposes definitive anti-dumping duties on China’s aluminium converter foil
The downstream segment of the global aluminium industry has always been the most vital part of the sector, as the downstream segment also refers to engineered products and solutions. The American multinational automotive manufacturing company, General Motors plans to upgrade Indiana aluminium die...
Recycled aluminium weekly recap: Aluminium packaging recycling rate surges 15% Y-o-Y in 2021; EFW collection increases by 8%; Alcore begins construction of pilot plant to recover fluorine from aluminium smelter waste
The recycling of aluminium is emerging as the most vital segment for the future, as aluminium recycling conserves around 90% of the energy it takes to produce new aluminium. This is considered great, as mining bauxite and turning it into aluminium is highly environmentally destructive and...
