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.
AMAG Austria Metall AG reports remarkable earnings in H1 2021
AMAG Austria Metall AG, the biggest company in the Austrian Aluminium industry sector pursued to benefit from the positive market environment after an enterprising start to the first quarter of 2021. The Meta Division is flying remarkably high especially due to attractive aluminium prices and...
Indian researchers develop Nano-structured self-cleaning sustainable aluminium surface
A team of Indian researchers have lately developed a Nano-structured self-cleaning sustainable aluminium surface by using a simple and environment-friendly fabrication process. It could have several applications ranging from biomedical to aerospace and automobiles to household appliances, while the...
Czech Republic’s export of aluminium cans during 2018-20 signifies strong growth followed a by sharp downfall; 6% rise estimated for 2021
As per the Organisation for Economic Co-operation and Development (OCED) snapshot, Czech Republic’s GDP following the sharp plunge in 2020 is projected to regain by 3.3% and 4.9% in 2021 and 2022, respectively. The country has countered one of the highest infection and death rates in the OECD...
Altech Chemicals settles $195 million green bond offering to finance HPA plant in Malaysia
The high-purity alumina provider, Altech Chemicals, who aims to become the world’s largest supplier in its segment has entered the conclusive stages of a $195 million listed green bond offering to dispense additional financing for the construction of a planned $400 million high purity alumina (HPA)...
Rusal’s Aughinish Alumina refinery secured EU funding to reduce carbon footprint
Aughinish Alumina refinery, one of the most technologically advanced and energy-efficient facilities worldwide have secured EU funding to help reduce its carbon footprint. However, the European Union funding amount to diminish carbon emission remains undisclosed as of now. The Limerick-based...
EGA observes 40th anniversary of employee suggestion scheme
On 27th July 2021, Emirates Global Aluminium observed the 40th anniversary of its Suggestion Scheme, which motivates employees to share their ideas for operational and technological improvements. As of yesterday, EGA employees have made over half a million suggestions for improvements, delivering...
Spain’s import of aluminium stranded wires during 2018-20 manifests marginal to steady growth; 11% growth estimated for 2021
Spain's advancement with the vaccination process and uplifting restrictions progressively will speed up the economic activity strongly. According to Organisation for Economic Co-operation and Development (OECD) report, the Spanish GDP is projected to rise by 5.9% in 2021 and 6.3% in 2022, supported...
Novelis invests $7 million for expansion, restarts idle equipment at its facility in Terre Haute
On 27th July 2021, the global leader in aluminium rolling and recycling, Novelis is investing more than $7 million to recruit 37 new employees and resumes the several pieces of idled equipment at its manufacturing facility in Terre Haute, Indiana. The plant with this expansion will produce...
Sanjeev Gupta’s loyal lieutenant Jay Hambro to quit GFG Alliance
The metal baron Sanjeev Gupta owned GFG Alliance’s Chief Investment Officer and also one of the most loyal lieutenants is quitting the group following falling out with his boss over the sale of its aluminium assets. A scion of a Danish merchant banking family, Jay Hambro, whose connections...
Mytilineos SA owned Aluminium of Greece commits to switch green by 2030
The Greek industrial conglomerate Mytilineos SA owned Aluminium of Greece has committed to switching to green for all of its power requirements from renewable energy by 2030. In a bourse filing, the aluminium metal producer has inked a power supply agreement with Greek utility Public Power...
Egypt’s import-export of aluminium household articles during 2018-20 demonstrates mercurial movement
As per Reuters latest survey, Egypt's economy will grow 5.0% in the fiscal year that ends in June next year, which remains unchanged from analysts' expectations in a similar poll three months ago and slightly below the government's target of 5.4%. The northeast African nation, Egypt imported 8244...
UK’s leading salvage and vehicle recycling company SYNETIQ extracts more than 5200 tonnes of aluminium from recycled vehicles annually
The leading car salvage, dismantling and recycling company of Britain, SYNETIQ, has manifested it is an astute operator when it comes to recycling aluminium from its vehicles. Generally, SYNETIQ extracts more than 5200 tonnes of aluminium during the vehicle recycling process each year, which can...
Vedanta reports excellent performance in June quarter with a four-fold rise in net profit, aluminium remains the major contributor
Metal and mining magnate Anil Agarwal chaired Vedanta Limited reported consolidated net profit attributable to owners of the company at INR 4,224 crore in the June quarter, a growth of 309% from the same period of the previous year on the back of increased revenue. The Covid-19 first wave was the...
Netherlands export of aluminium cans during 2018-20 displays an enterprising growth
As per the report of the Organisation for Economic Co-operation and Development (OECD), 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 steer the recovery as households normalise their saving after the...
EU’s ‘Fit for 55’ legislation might cost India to lose $1-1.7 billion in exports of energy-intensive products, including aluminium
The European Union’s new legislation, Fit for 55 which was introduced on 14th July to reduce its GHG emissions by 55% by 2030 and to net-zero by 2050. This has been highly appreciated as the EU’s climate change action transformed into law, safeguarding it from the winds of political change. It will...
Canada’s largest union Unifor initiates strike at Rio Tinto’s Kitimat aluminium smelter
On 25th July 2021, Canada’s largest union in the private sector Unifor stated that about 900 workers had initiated strike action at metal giant Rio Tinto’s operations in the western Canadian province of British Columbia. On 21st July 2021, Unifor issued a 72-hour strike notice almost after seven...
Ex-Nalco Chief Tapan Kumar Chand joins Vedanta as Resident Director of Odisha & Chhattisgarh
India’s largest aluminium producer, Vedanta has appointed the former CMD NALCO & currently Independent Director of BALCO, Dr Tapan Kumar Chand as Resident Director of Odisha & Chhattisgarh. Dr Chand, an alumnus of the University of Calcutta is renowned as a top mining & metal professional, who is...
Aluminium Downstream Weekly Recap: Auto companies are using more aluminium for transit to EVs, Bharat Forge too gears up; AIP, Sanjeev Gupta board spat for Alvance Aluminium Duffel worsens
This week the global aluminium industry’s downstream segment delivered some great news and definitely, it throws positive response to the market, while the week also had controversial news as American Industrial Partners (AIP) came up with a board spat with British industrialist Sanjeev Gupta on...
