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.
Aluminium Downstream Weekly Recap: Hindalco Industries started FY'22 at a strong pace and continues to see a strong demand across business verticals; Six Southern California companies convicted for evading payment of $1.8 billion in duties on imported Chinese aluminium
The aluminium downstream segment remained highlighted in the week for very reasons, unlike the other weeks. Kumar Mangalam Birla, the Chairman of the world's largest aluminium rolling company, Hindalco Industries stated that the metal company commenced the FY'22 at a robust pace and pursues to see...
Excellent performance driving India’s top three aluminium producers to chase metal capacity expansion
The Indian industrial sector consists of two private primary aluminium producers and the third aluminium metal producer is a state-owned company. Now, all the three aluminium companies have delivered a remarkable performance in the Q1 of 2021-22. Furthermore, the trio not only earned record EBITDA,...
Six Southern California companies convicted for evading payment of $1.8 billion in duties on imported Chinese aluminium
On 23 rd August 2021, a federal jury found six corporate entities guilty of participating in a wide-ranging conspiracy to defraud the United States via a wire-and-customs fraud scheme in which huge amounts of aluminium – disguised as “pallets” to avoid $1.8 billion in customs duties – were exported...
Costa Rica’s import of aluminium household articles during 2019-21 demonstrates balanced growth
Costa Rica in general has a stable economy and a relatively high standard of living. The economy is majorly dependent on tourism and other growing sectors are agriculture and electronic components exports. The country’s GDP growth will recover gradually to 2.5% in 2021 and 3.4% in 2022, supported...
Emirates Global Aluminium contemplating to float IPO in 2022
The leader in global aluminium production, as well as one of the largest companies in the UAE, Emirates Global Aluminium (EGA) is considering a prospective IPO in 2022, as reported by industry sources, which could be one of the substantial share sales in the United Arab Emirates lately. Equally...
Kazakhstan’s export of aluminium scraps from 2018-21 exhibits volatile movement
In October 2020, the Government of Kazakhstan has published a draft which mandated to stress the country's ban on scrap metal exports by truck. The barring of exports comprised of used and exhausted pipes, rails, railway elements and rolling stock, but excludes alloyed and resistant steel scrap....
Canyon resources enforces SPA, MOU with MCC
The Australian Securities Exchange-listed mining company, Canyon Resources Limited has declared the enforcement of a Strategic Partnership Agreement and MOU for the Minim Martap Bauxite Project in Cameroon with Zhongye Changtian International Engineering Corporation of MCC (MCC-CIE), the mining...
Malaysian aluminium giant ‘Press Metal’ to enhance production capacity in 2H 2021
The world-class aluminium producer, Press Metal Aluminium Holdings Bhd of Malaysia could take the advantage of the rising LME aluminium spot prices in 4Q, provided that its Samalaju Phase 3 facility is anticipated to be just weeks away from being fully operational. RHB Research pointed: “Samalaju...
India: Aluminium scrap recyclers in Gujarat urge Govt. to abstain from implementing BIS grade quality import
The leading association that creates awareness and impotence of recycling, metal recycling trade among members, All India Non-Ferrous Metal Exim Association (ANMA), which comprises around 500 aluminium scrap recyclers in Gujarat, has urged the Union government to abstain from enforcing BIS (Bureau...
Qatar’s import of aluminium cans during 2018-20 unveils constant downfall; 145% growth estimated for 2021
According to the latest publication of the World Bank Gulf Economic Update (GEU), which was released with the title “COVID-19 Pandemic and the Road to Diversification”, stated that after a year of economic grief, Gulf Cooperation Council (GCC) economies are expected to return to an aggregate growth...
Jamalco refinery fire break out hurls price of alumina at 6 months high
The price of alumina has escalated to its highest in almost six months after a flare-up at the Jamalco refinery in Jamaica leading to the disquiet of restricted supply. On 20 th August 2021, COMEX alumina futures AALc1, assessed free-on-board (FOB) from major producer Australia, which rose to...
Cameroon’s import of aluminium stranded wire during 2019-20 reflects robust growth; 50% further growth estimated for 2021
The economy of Cameroon is a mixed economic system that incorporates a variety of private freedom, combined with centralized economic planning and government regulation. The country is a member of the Economic Community of Central African States (ECCAS). The central African nation at the Gulf of...
Airbus Safran owned Tarmac Aerosave is the world’s number one aircraft and engine recycling firm; Aluminium among other metals are recovered
The Covid-19 pandemic is not the solitary reason to turn off the keys for the last time of many aircraft. The rise in the environmental impact of flying is another major reason for putting further pressure on airlines to turn off the engine forever for certain aircraft. Modern aircraft are much...
“Hindalco Industries started FY'22 at a strong pace and continues to see a strong demand across business verticals”, says Chairman Kumar Mangalam Birla
On 23 rd August 2021, Kumar Mangalam Birla, the Chairman of the world's largest aluminium rolling company, Hindalco Industries, which stands among the biggest producers of primary aluminium in Asia stated: “The Company has started FY'22 at a strong pace and continues to see a strong demand across...
SSWL secures supply contract of aluminium and steel wheel from Western Hemisphere
The leading Wheel Manufacturing industry having facilities all over India, Steel Strips Wheels (SSWL) announced that it has inked a memorandum of understanding for around $105 million from Western Hemisphere. The MoU undertakes that SSWL will supply steel and aluminium wheels for a minimum period...
France export of Aluminium foil to top 5 countries in 2020
Aluminium is considered one of the most abundant metals on earth in the ore stage. Aluminium foil is a paper-thin, shiny sheet of aluminium metal, produced by rolling large slabs of aluminium until they are less than 0.2 mm thick. It has multiple utilities, which incorporates packing, insulation...
The rise of bauxite production in Australia, Guinea foresees global production upsurge in 2021: GlobalData
The London, England headquartered data analytics and consulting company, GlobalData’s research unveils that the rise in bauxite production from mines in Australia (+4.1%) and Guinea (+3.6%) is anticipated to propel upswing in global production by 3.8% in 2021 to 372.8 million tonnes. The resilient...
Aluminium End-user Weekly Recap: RUSAL enhances alloy composition for anodized aluminium facade panels; Mulk Holdings partners with Park International Investments, Silver Heights Real Estate to establish Alubond USA LLC
The aluminium end-user segment globally revealed some positive news majorly from the building and construction sector. The global leader in the production of low carbon aluminium, Rusal declared it has upgraded the alloy composition for anodized aluminium facade panels and this will enhance the...
