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.
AlCircle launches new report “Outlook for the Indian Aluminium Industry - In-depth industry analysis & forecast to 2026-27
The year 2020 will be marked in the history of industrialization as one of the most challenging years in the modern era. The Covid-19 pandemic forced the industry and most of the people to adapt to new realities. Industries from every corner of the world were impacted by the pandemic, however, some...
En+ Group, V&A collaborates to raise climate awareness at London Design Festival
The world's largest producer of low-carbon aluminium and independent hydropower, En+ Group collaborated with V&A, the world’s leading museum of art, design and performance to produce a fascinating pavilion for the London Design Festival. The En+ Group’s metal division Rusal produces the world’s...
Wildpack Beverage to acquire aluminium cans filler Vertical Distilling for $4.5 million cash deal
The Canadian drinks production and packaging company Wildpack Beverage has agreed to acquire aluminium cans filler Vertical Distilling for $4.5 million in a cash deal. The company stated that the Colorado-based, Vertical Distilling is the ‘leading filler’ in its home territory and encircling...
Russian export of aluminium foil during 2018-20 signifies robust growth with minimal dip; 1% growth estimated for 2021
The Russian ministry of economy has raised its outlook for economic growth and oil prices in 2021 and now envisages a stronger rouble, and it has also raised this year’s inflation forecast, as reported by Reuters. However, after contracting 3% in 2020, its sharpest downfall in 11 years, the Russian...
Canyon Resources banks $5.6 million for further progress of Minim Martap bauxite project
The developer of the world-class Minim Martap bauxite project in Cameroon, Canyon resources is cashed out to headway its optimistic Minim Martap bauxite project following the completion of the first phase of $6.2 million placement. The Australian company has raised more than $ 5.6 million from the...
Amaron battery maker Amara Raja invests in Log 9 Materials
On 9 th August 2021, Aluminium Fuel Cells technology developer Log 9 Materials stated that it has raised $ 8.5 million in a funding round led by Amara Raja, the makers of automobile battery Amaron. Log 9 Materials quoted in a statement that the company has set foot into an equity partnership and...
Press Metal’s earnings to escalate in Q2, driven by higher aluminium price: RHB Investment Bank Bhd
The Malaysian aluminium producer, PRESS Metal Aluminium Holdings Bhd’s Q2 2021 earnings are estimated to escalate 30%-40% to RM265-RM285 million, which is triggered by a higher London Metal Exchange (LME) spot average of $2,400 per tonne and enhanced smelting output. One of the most recognised...
France import of aluminium scrap during 2018-20 showcases excellent rise with a downfall; 10% further de-growth expected in 2021
In Q1 2021, the French GDP contracted only 0.1% Q-o-Q, after a 1.5% plunge in Q4 of 2020. The economic activity was boosted by a modest rebound in investment spending and private consumption. However, the growth rate in Q2 is impacted by the comprehensive lockdown measures imposed in April, whiles...
Aluminium gradually outperforms plastic bottles to combat ocean pollution in Japan
A group of Japanese beverage sellers and retailers in recent times progressed to desert the usage of plastic bottles, substituting them with aluminium bottles and cans in a proposal to counter ocean plastic pollution, inflicting disruption with the ecosystem. Ryohin Keikaku Co., operator of retail...
End-user Weekly Recap: Ball Corporation reports net earnings of $202 million in second quarter; Rusal presents first ever aluminium alloy lighting poles made in Russia
The global aluminium end-user segment further displays the June Quarter results this week, positioned with a higher reach in revenue; however, investments remain in the sector. The American company headquartered in Colorado, Ball Corporation reported net earnings of $202 million on sales of $3.5...
Downstream Weekly Recap: Q1 FY 2022: Novelis posts net income from continuing operations of $303 million, up 597% YoY; Wheels India starts production of cast aluminium wheels at its new facility
The global downstream aluminium sector remained in the front foot during this week. The June Quarter and H1 results are getting on-boarded and almost each and every company is booking profit with a record rise in revenue rooted to the worldwide surge in aluminium prices. The American Industrial...
Q1 FY 22: Hindalco Industries reports all-time high consolidated net profit of INR 2,728 crore riding on the back of aluminium business
On 6 th August 2021, the flagship metal arm of Aditya Birla Group, Hindalco Industries stated that the company has reported an all-time high consolidated Q1 net profit at INR 2,787 crore, as compared to a loss of INR 709 crore in Q1FY21. The company further said that the results were navigated by a...
Netherlands export of aluminium foil during 2018-20 unveils enterprising growth; 4% growth estimated for 2021
According to the report by Organisation for Economic Co-operation and Development, the Dutch economy is projected to grow by 2.7% in 2021 and 3.7% in 2022, reaching pre-crisis levels at the beginning of 2022. Consumption will drive the recovery as households normalise their saving after the sharp...
Brazilian Aluminium Association ‘ABAL’ appoints Janaina Donas as first woman President
On 5 th August 2021, the Brazilian Aluminium Association, ABAL has appointed Janaina Donas as Executive President for the first time, while the role was previously held by Milton Rego after a seven-month recruitment process. Abal stated that most recently Donas acted as an External Relations and...
QAMCO reports a net profit of QR 288 million for H1 2021
On 5 th August 2021, Qatar Aluminum Manufacturing Company, a 50% joint venture partner in Qatar Aluminum Company (Qatalum), reported a net profit of QR 288 million for H1 2021, with earnings per share (EPS) of QR 0.052. Abdulrahman Ahmad Al-Shaibi, Chairman of the Board of Directors, QAMCO while...
RUSAL listed among top 100 Best Emerging Market ESG performers ranking by Vigeo Eiris
The global leading aluminium giant, RUSAL, has been listed among the top 100 Best Emerging Market performers ranking by a global leader in ESG assessments, data, research, benchmarks and analytics, V.E (Vigeo Eiris) based on its sustainability credentials. The companies incorporated in the index...
Angola’s import of aluminium household articles during 2018-20 remains inconstant; 17% growth expected for 2021
According to FocusEconomics, the economic conditions of Angola remained challenging in Q1 2021, with GDP contracting 3.4% Y-o-Y amid the persistent impact of the Covid-19 pandemic. GDP is projected to bounce back to growth this year: The global vaccine rollout and the subsequent easing of...
EU’s CBAM ‘discriminates against countries like Australia, will punish sectors namely aluminium’: Angus Turner, Energy Minister
The Australian energy and emissions reduction minister, Angus Taylor has alerted that the European Union is attempting to implement a carbon tax on imports, which would be unfavourable to Australia’s export industry. The Energy Minister prompted against a ‘new wave’ of European protectionism that...
