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.
Glass and Glazing Federation forms new GGF Aluminium Group
The Glass and Glazing Federation (GGF), representing companies that manufacture, supply or install glass and glazing products in the UK and internationally, declared that it has formed the new GGF Aluminium Group for companies operating in the aluminium sector. GGF’s technical team brought the idea...
Zimbabwe’s import of aluminium bar rods and profile during 2019-20 displays robust growth; 4% dip predicated for 2021
Zimbabwe is going to utilize more than half of the $961 million allocated by the International Monetary Fund in the form of special drawing rights to support its distressed currency. Mthuli Ncube, Zimbabwe’s finance minister, said: “For the support of the currency we want to hold back about $500...
Coup in Guinea: Moscow hopes Russian business interests won't suffer; China may turn to Australia for bauxite fearing global supply disruptions
On 7th September 2021, the Russian Govt. said it is strictly following the political situation in Guinea following a military coup there and hopes that the Russian business interests in the West African nation would go through hardship. The comments came a day after Russian aluminium giant Rusal...
IAI data unveils aluminium industry’s constant improvement in energy efficiency
The International Aluminium Institute (IAI) has revealed new data on the aluminium industry’s achievements in diminishing energy efficiency in the industry’s constant sustainability mission. The data release accords with a series of announcements in the lead up to COP26 in Glasgow. The aluminium...
“The bauxite mining and export have not impacted in Guinea due to this coup, however, it is too early to predict future developments”, Dr Ashok Nandi, Convenor of International Bauxite, Alumina and Aluminium Society (IBAAS).
On 5th September 2021, the world’s second-largest producer of bauxite, Guinea’s military seized power and suspended the constitution, destabilizing the West African nation. AlCircle team reached to Dr Ashok Nandi in regards to the political instability in Guinea and received a prompt reply on it....
Costa Rica’s import of aluminium cans during 2019-20 reveals excellent growth; marginal up-rise estimated for 2021
According to OECD report, the GDP growth of Costa Rica will recover gradually to 2.5% in 2021 and 3.4% in 2022, reinforced by strong external demand from the country’s main trade partners. However, domestic demand will strengthen in H2 2021, as economic restrictions are gradually lifted and the...
Canyon Resources’ Minim Martap bauxite project draws attention following political unrest in Guinea
The share prices of the world-class bauxite developer Canyon Resources have escalated after Guinea, the world-leading supplier of bauxite experienced its third coup in less than 40 years. The political unrest propelled prices for aluminium rise towering to 10-year highs on concerns that it will...
Nalco performs vital role in empowering micro and small enterprises through NAMASYA platform: Govt. of India
On 6th September 2021, the Govt. of India stated that state-owned Navratna CPSE Company Nalco has been performing a vital role in empowering micro and small enterprises by providing a modern and innovative platform NAMASYA, an application (App) developed exclusively for the convenience of the PSU's...
Coup in Guinea shifts bauxite price to 18-month high
On 6th September 2021, the bauxite price from Guinea has reached the highest almost in 18 months at top metals consumer market China, as buyers distressed about supply followed a coup in the country. The West African nation Guinea is the world's second-largest producer of bauxite, keeping China...
Vietnam’s import of aluminium tubes and pipes during 2019-20 illustrates nosedive; 19% growth estimated for 2021
Metal pipes are generally used in carrying fluids and gases in various pneumatic and hydraulic applications. Aluminum Pipe is an extruded product that is extensively utilized for all types of fabrication projects where lightweight and corrosion resistance is a primary concern. The GDP of Vietnam is...
World largest bauxite exporter Guinea’s mutinous military unit seizes power, suspends constitution; Aluminium industry predicts a further surge in price
The world’s second-largest producer of bauxite, Guinea’s unit of military seized power and suspended the constitution, destabilizing the West African nation, which is the global largest exporter of aluminium ore. On 5 th September 2021, Colonel Mamady Doumbouya, the head of Guinea’s Special Forces...
2020: UK’s aluminium foil importation exhibits 52% from five-nation out of the total volume of 97,928 tonnes
The United Kingdom is one of the leading consumers and importers of aluminium foil in Europe. Aluminium foil creates an absolute obstacle to light, oxygen, moisture and bacteria and this is the reason, foil is heavily used in the food and pharmaceutical packing industry. Aluminium foil is also used...
Noranda Alumina refinery resumes production after surviving Hurricane Ida
On 2 nd September 2021, Concord Resources, the major shareholder of New Day Aluminium stated that the only left alumina refinery in the USA has resumed its production facility in Gramercy, Louisiana, as the operations were ceased due to Hurricane Ida. Mark Hansen, CEO of Concord Resources, said:...
Primary Aluminium Weekly Recap: Global aluminium price rally to 10-year high lifts aluminium product cost; EGA’s adjusted EBITDA climbs by 111% in H1 2021 in strongest-ever half-year financial performance
The week remained heavily prosperous for the primary segment of the global aluminium industry. The global rise of the aluminium price has climbed to a 10 year’s high, due to the limited production in China. The Indian primary aluminium producers have delivered a notable performance in the Q1 of...
Ghana: GIADEC’s new Governing Board inaugurated
On 2 nd September 2021, Samuel Abu Jinapor, the Minister of Lands and Natural Resources of Ghana, inaugurated the new Governing Board of GIADEC with a charge for members to give meaning to Akufo-Addo’s vision of a “Ghana Beyond Aid” by delivering on GIADEC’s mandate of developing an Integrated...
China Hongqiao Group targets end-2021 to start 2nd phase of Indonesia’s alumina refinery
On 2 nd September 2021, as the prices for the raw material of the metal aluminium towered at two years high, an advisor to China Hongqiao Group stated that the Group’s alumina refinery in Indonesia to commence its 2 nd phase up by the end of 2021. In 2016, the first 1 million tonnes per year phase...
Sweden’s export of aluminium powder and flakes during 2018-21 showcases a sharp rise with the downward trend
As per the OECD report, the Swedish economy is regaining its strength, with projected GDP growth close to 4% in 2021 and 3½% in 2022, on the shoulder of rising exports, which boost the manufacturing production and investment, and strong fiscal and monetary support. However, during the first half of...
Mubadala Investment eyeing top three US banks to arrange IPO of EGA
The Emirati state-owned holding company, Mubadala Investment that can be characterized as a sovereign wealth fund is expected to select three top US banks as lead underwriters for a prospective IPO of Emirates Global Aluminium (EGA), as reported by the industry professionals. Mubadala Investment,...
