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.
MGI acquires 35-year-old aluminium fenestration firm ‘Barton Windows’
The expeditiously growing group, Modular Group Investments Limited (MGI) that emphasised acquiring businesses around the off-site manufacturing sector has accomplished another acquisition this year with the procurement of the entire share capital of a 35-year-old aluminium fenestration business...
European Aluminium celebrates 40th anniversary
The voice of the aluminium industry in Europe, European Aluminium appreciates aluminium’s unique and permanent properties, as aluminium has been on a steady growth path since large-scale industrial aluminium production started in 1886. The metal aluminium is now the fastest-growing metal and the...
South Korea’s export of aluminium containers during 2019-21 demonstrates an enterprising growth
The economy of South Korea has a mixed economic system that constitutes a variety of private freedom, blended with centralized economic planning and government regulation. Innovation and technology are the vital constituents that have braced South Korean export competitiveness and propelled the...
Indonesia plans to put ban on bauxite export onward 2023
On 19 th October 2021, the President of Indonesia, Joko Widodo stated the country is planning to put brakes on the export of all crucial raw commodities in an attempt to entice investment in onshore resource processing and job creation. The world’s largest island nation, Indonesia has banned a...
Nalco CMD predicts Aluminium demand to expand by 5% - 6%
The Chairman and Managing Director of the National Aluminium Company Limited (NALCO), Sridhar Patra expects that the demand for aluminium to expand by 5% - 6%. On 18 th October 2021, the aluminium stocks picked up as the world aluminium market witnessed a huge upsurge supported by the statement...
Mozambique’s aluminium scrap export during 2018-21 illustrates express growth
The economy of Mozambique is a combination of both traditional and market economic systems. The export of primary aluminium is one of the major exports of the country among other commodities with Mozal Aluminium is the sole aluminium producer. The Southern African nation, Mozambique exported 3731...
US aluminium producers sent an alert on output curbs due to magnesium crisis
The aluminium industry is countering the dearth of raw materials for the production of the metal that is utilized in vehicle manufacturing and building supplies sends an alert for distress in supply that has propelled US prices to an all-time peak. The biggest aluminium billet producer in the...
Assan Alüminyum finalizes further investment in sustainable expansions
The world’s leading manufacturer in flat-rolled aluminium (FRP), Assan Aluminyum, a subsidiary of Kibar Holding, has settled plans to invest further in sustainable expansions through a sequence of investments worth over $95 million from 2021 through 2024. However, with the accomplishment of the...
Kazakhstan’s import of aluminium foil during 2018-20 signifies impressive growth; 2% dip estimated for 2021
Kazakhstan being a member nation of the Eurasian Economic Union (EAEU) has a mixed economic system that includes a variety of private freedom, amalgamated with centralized economic planning and government regulation. The economy of Kazakhstan is the largest in Central Asia in both absolute and per...
Supply of dry fuel to the non-power sector is regulated, not stopped: Coal India
On 17th September 2021, the Indian state-run coal exploitation and refining company, Coal India Limited (CIL) explicated that supply of the dry fossil fuel to the non-power sector like aluminium, steel, etc. has been diminished, but not completely ceased, as professed by some sectors. As reported...
Aluminium extruder China Zhongwang reports financial distress at Hong Kong bourse
On 15 th October, the aluminium products producer China Zhongwang Holdings Co. stated that it had been alerted of acute distress at two subsidiary companies following the Chinese prices for the silvery shining metal attained a 15-year record high. Liaoyang Zhongwang Superior Aluminium Fabrication...
Primarily Aluminium Weekly: Global power crisis spins aluminium prices to cross $3,000 per tonne; Nalco shares boost 7% following Rakesh Jhunjhunwala 1.36% stake disclosure
On 11th October 2021, the London Metal Exchange witnessed the surge of aluminium price as it crossed the $3000 per tonne mark, the highest since July 2008. The mounting pressure on the aluminium sector indicated, as the global metals world prepared to gather in London for the annual LME Week....
Hulamin’s share price jumps 25% ensuing it issued a cautionary
The Pietermaritzburg, South Africa based company that specialises in rolled aluminium products for precision and high technology applications, Hulamin’s stock prices climbed to a 25% rise in the morning trade of 14 th October 2021, following the metal company issued a cautionary that it has set...
Guinea mining sector attracts $6.2 billion investments in 5 years span
The West African nation that recently faced a political crisis, Guinean’s mining sector has attracted $6.2 billion of investments in the span of five years which signifies 2015-2020. Hence it kept the nation’s economy resilient amid the epidemic Ebola and Covid-19 pandemic. Out of the $25 billion...
Nalco shares boost 7% following Rakesh Jhunjhunwala 1.36% stake disclosure
The shares of the Govt. of India equity hold majority enterprise, National Aluminium Company Ltd (NALCO) has aroused by approximately 7% following its shareholding pattern data for September quarter revealed an expert investor Rakesh Jhunjhunwala stake. The Government of India holds 51.28% in...
Panama’s aluminium cans export during 2019-21 exemplifies sharp downfall with a marginal gain
The economy of Panama is primarily dependent on the services sector, which shoulders the maximum majority of its GDP and accounts for most of its foreign revenue. As per the data, it is driven that in 2020, agriculture contributed around 2.74% to the GDP of Panama, 23.6% came from the industry and...
India: MSME sector appeals govt. to withdraw import duty on aluminium
The apex body representing the entire spectrum of the Indian Aluminium Industry, the Aluminium Association of India’s President Rahul Sharma emphasized the drastic impact of coal dearth that has developed on industries. Accordingly, the fossil fuel counts for around 40% of the production cost which...
Mounting aluminium prices narrowing profit for fabricators: Shandong Nanshan Aluminium
On 14 th October 2021, the Chairman of Shandong Nanshan Aluminium Co, Lu Zhengfeng stated that in 2021, the Chinese aluminium processors experience diminishing profits anticipated to mounting metal prices. The metal aluminium that is utilised in making of beverage cans to aeroplanes, witnessed a...
