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.
Primary Aluminium Weekly: World Primary Aluminium production drops 0.60% M-o-M to 5.699 million tonnes in August 2021; Alcoa to invest more on stability in 2022
The global primary aluminium segment remained highlighted this week definitely due to the price factor but also for multiple reasons. The Pennsylvania-USA based Alcoa is gearing up to resume its idled aluminium smelter in Brazil, as it smelled the prices of aluminium sky-rocketing and production...
George Osborne bags Russian aluminium giant Rusal’s deal as investment banker for advisory firm Robey Warshaw
The former British Chancellor of the Exchequer George Osborne has cracked his first deal as an investment banker with the metal company that was once chaired by Russian oligarch and industrialist Oleg Deripaska. In April, George Osborne joined boutique advisory firm Robey Warshaw and with...
Hungary’s export of aluminium tubes and pipes during 2018-20 manifests upsurge; 52% growth predicted for 2021
According to the Economic Complexity Index, the economy of Hungary is a high-income mixed economy and it ranked as the 9th most complex economy. The country executed multiple reforms such as the privatization of businesses that were once state-owned and initiated to slash funding to social programs...
Constellium secures the supply contract of aluminium structural components for the all-new electric Ford F-150 Lightning
On 23rd September 2021, Constellium SE, the global manufacturer of aluminium rolled products, extruded products and structural parts based on a large variety of advanced alloys announced that it will supply aluminium structural components for the recently introduced all-electric Ford F-150...
Egyptalum shifts to profit in FY 2020-21
The largest aluminium producer in Egypt and one of the largest in Africa, Egyptalum shifted to make net profits of EGP 28.27 million during the fiscal year 2020-21, against net losses of EGP 1.67 billion in FY 2019-20, as disclosed by the adjusted unaudited financial results. On 23rd September...
Pittsburgh based Alcoa to invest more on stability in 2022, says Bill Oplinger
The American industrial corporation and the world's eighth-largest producer of aluminium, with corporate headquarters in Pittsburgh, Pennsylvania, Alcoa’s senior executives are planning to invest more in 2022 to sustain their existing facilities. However, they will be observing for acquisitions and...
Poland’s import of aluminium household articles during 2019-20 exemplifies de-growth; 16% upturn estimated for 2021
According to the preliminary data from Statistics Poland (GUS), a government executive agency charged with collecting and publishing statistics related to the country's economy, population, and society, at the national and local levels stated that Poland recorded GDP growth of 10.90% Y-o-Y in Q2...
A00 aluminium ingot price increases by RMB500/t; Aluminium alloy (A356) price escalates by RMB1250/t to exceed RMB27000/t
A00 aluminium ingot price observed a record rise for the second day following the 4-day holiday. According to SMM, the primary aluminium ingot price has escalated by RMB 500 per tonne to come in at RMB 23,320 per tonne. However, the average prices are expected to range between RMB 23,300 per tonne...
Odisha state Govt. puts on hold the auction of Karlapat bauxite block
The Odisha state government has put the auction of Karlapat bauxite and iron ore block on hold until further notice following a court order. The block that was called for auction is located near the Karlapat Wildlife Sanctuary, an allotted elephant corridor in Kalahandi district contemplated...
Alvance Aluminium’s recycling plant next to the Lochaber smelter gets approval from Highland councillors
The Highland Council have approved the proposal of GFG Alliance aluminium arm Alvance’s recycling plant next to the Lochaber smelter near Fort William. Sanjeev Gupta chaired Alvance Aluminium will use the recycled materials, along with metal from the smelter, in a new casting facility. The approved...
Finland’s export of aluminium cans during 2018-21 unveils a sharp growth trailed by constant downfall
The economic freedom score of Finland is 76.1, making its economy the 17th freest in the 2021 Index. Finland’s overall score has increased by 0.4 points, majorly due to improvement in the government spending score. The Finnish economy continues to reap its results from high levels of economic...
Severe dearth of thermal coal disrupts aluminium production, AAI urge Coal India for immediate resumption of supplies
The Indian aluminium producers have urged Coal India Ltd for immediate resumption of coal supplies to the metal industry as they are countering an extreme dearth of thermal coal that has initiated to impede their operations for the production of aluminium. On 21st September 2021, the Aluminium...
Global aluminium price hike triggers Alcoa to restart Alumar smelter in Brazil
The leading aluminium producer Alcoa Corporation has tooled up on a project to restart an idled aluminium smelter in Brazil following the hike in aluminium prices to a 13-year high and Chinese output reduction. On 20th September 2021, the Pittsburgh headquartered aluminium producer and its partner...
Rio Tinto rewards contract to EDL for expansion of an existing solar installation at Weipa bauxite mines
The global mining giant Rio Tinto has contracted EDL, the developer of world-class wind and solar projects across Australia, to expand an existing solar installation at its Weipa bauxite mines in Queensland by adding 4 MW solar power generating capacity and 4 MW/4 MWh of battery storage. The...
Cyprus import of aluminium bar rods and profiles during 2018-20 exhibits enterprising growth followed by a marginal drop; 12% surge expected for 2021
The Finance Minister of Cyprus, Constantinos Petrides in August 2021 stated that the economy is anticipated to grow by more than 5.5% in 2021, as preliminary estimates showed a 12.90% year-on-year growth in the second quarter of the year. The minister further added that the Q2 rate was markedly...
Tiwai Point aluminium smelter appoints Chris Blenkiron as new CEO, nearly three years ahead due for shut down
Rio Tinto’s Tiwai Point aluminium smelter in New Zealand has appointed Chris Blenkiron, as the new chief executive officer and general manager nearly three years before the smelter is due for shut down. On 21st September 2021, the company announced that the newly appointed CEO will begin his role...
Rusal operated bauxite train collides in Guinea, killing one injuring several
On 20th September 2021, Rusal operated two trains collided in Guinea's capital Conakry, resulting in killing at least one person while injuring eight others, as witnessed by local citizens. The leading producer of low carbon aluminium Rusal operates three bauxite mines and an alumina refinery in...
Italy’s high-valued export of aluminium plates, sheets and strips during 2018-21 illustrates a variable movement
According to the latest PMI data, it signalled rapid growth of the Italian private sector economy during July, as the Covid-19 restrictions were untightened and sustained boost to client demand across manufacturing, services and construction, while the latter also received added benefit from...
