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.
Norsk Hydro posts record results for Q2 2021, confers credit to continued positive market sentiment
The Norwegian Aluminium company and renewable energy company and also one of the largest aluminium companies worldwide, Norsk Hydro ASA posted Q2 2021 adjusted EBITDA of NOK 6,598 million, up from NOK 2,794 million in the same quarter previous year. The continued global economic recovery is...
Odisha, India: Chief Minister Naveen Patnaik inaugurates India’s first zero-discharge aluminium dross processing unit
On 22nd July 2021, India’s projected aluminium hub, Odisha’s Chief Minister Naveen Patnaik inaugurated India’s first zero-discharge aluminium dross processing unit in Jharsuguda. The facility has been developed up by Runaya Refining LLP. In 2019, Mr Naveen Patnaik laid the founding stone of the...
Iraq’s import of aluminium foil during 2018-20 illustrates prompt growth with a gradual downfall; 18% upswing forecast for 2020
The Iraqi analysts who support their country stated that Poverty, unemployment, and a lack of local industry continue to plague Iraq's economy, and the resulting public unrest could be dangerous. Oil price volatility and COVID-19 have increased Iraq’s economic distress and deepened existing...
Car manufacturers need to boost up the standard in their aluminium supply chain, says Human Rights Watch and IDI
The global car manufacturing companies are required to do more to address the exploitation of human resources in their aluminium supply chains and the bauxite mines, including the destruction of farmland, damage to water sources and excessive greenhouse gas emissions that affect communities in...
The Gulf Aluminium Industry: A legacy of 5 successful decades, 6 aluminium smelters
In 1971, Aluminium Bahrain initiated its operations and produced the first aluminium ingot in the whole of the Gulf region, flagging the inception of a program of industrial diversification which was considered as bright and aspiring. At present, GCC countries are listed proudly to be the home to...
Cosmos Aluminium awarded ‘Protagonists of the Greek Economy' for its strong financial performance in the last decade
On 19th July 2021, the organizations that emerge for their financial performance during 2010-2020 were honoured at the Awards Ceremony for the Greek business, "Protagonists of the Greek Economy", organized for the sixth time by the Direction Business Network. The awards were honoured based on the...
Turkey’s export of aluminium stranded wires during 2019-20 exhibits upsurge; 1% dip forecast for 2021
According to Reuters’ quarterly poll, Turkey’s economy will augment at the rate of 5.5% annually in 2020, which is more than previously thought and close to a government forecast, although it will be a sturdy battle countering double-digit inflation in coming years. The nation spanning Western Asia...
AIP, Sanjeev Gupta board spat for Alvance Aluminium Duffel worsens
The US private equity group American Industrial Partners (AIP) board spat with British industrialist Sanjeev Gupta has gone to worst. Gupta was displaced from Alvance Aluminium Duffel earlier this month and now he has successfully fought in court to be appointed back to the board on 14th July 14....
Auto companies are using more aluminium for transit to EVs, Bharat Forge too gears up
The global automotive industry is countering a lot of disarrays, counting stricter regulations on emissions steering automakers to switch to the electric vehicle segment. India’s leading manufacturer and exporter of auto components, stated in its annual report: “2021 will be the year electric...
Moving towards green industry, Mytilineos signs final contract with PPC for power supply to Aluminium of Greece
The Greece-based industrial conglomerate MYTILINEOS made public the signing of the agreement with PPC for power supply at its metallurgy business unit Aluminum of Greece. The agreement denotes the magnificent liaison of the two leading companies of Greece and their commitment to competitive...
Bauxite miner Metro Mining stands short of capital raise in the retail segment
The Brisbane based Australian exploration and mining company, Metro Mining (MMI) stood short of capital raise by around $8.64 million in the retail segment of a $25.5 million capital raising plan. The Bauxite Hills flagship project operating company planned to raise just over $15 million from...
South Africa: The multi-million dollar aluminium cans export market during 2018-20 unfolds enterprising growth followed by a downfall
As per the data revealed by Organisation for Economic Co-operation and Development (OECD), the South African economy is projected to rebound by 3.8% in 2021 and 2.5% in 2022. The powerful rebound at the end of 2020 has decelerated in the first half of 2021 due to a protracted second wave of the...
Hulamin restarts functioning after unrest torment South Africa
The South African manufacturer of specialised rolled aluminium products, Hulamin, stationed in Pietermaritzburg, KwaZulu-Natal announced that it has restarted operations after unrest tormented the country. On 12 th July 2021, the world's ultra-high-end aluminium products maker suspended its...
Runaya bags bronze at the prestigious Asia-Pacific Stevie Awards 2021
On 20th July 2021, the aluminium dross recycler, Runaya bags a Bronze Stevie in the Innovation in Energy & Sustainability category for its breakthrough solution for mineral waste processing in Mumbai. One of India’s rapidly growing manufacturing start-ups, Runaya proudly announced that it has been...
En+ Group reveals 2020 sustainability report
On 20 th July, the world’s largest producer of low carbon aluminium, En+ Group published its 2020 sustainability report. The report is stuffed with details of achievements over the 12 months to 31 December 2020, tracks the progress of ongoing initiatives and programmes, and delineate significant...
Bulgaria’s export of aluminium tubes and pipes during 2018-20 reflects steady movement; 17% further rise projected for 2021
The economy of Bulgaria is set to recoil from its Covid-19 induced contraction in 2021. Household and capital spending should inflate solidly, while development in global demand should support the external sector. However, the heightened general uncertainty and a prolonged health crisis pose key...
Aluminium’s positive market trend drives AMAG to increase its earnings forecast for 2021
The biggest company in the Austrian Aluminium industry sector, AMAG Austria Metall AG increases its earnings forecast for the current financial year predominantly due to the ongoing positive market trend of primary aluminium. The premium supplier of high-quality aluminium cast and flat-rolled...
Alumil bags “Diamonds of the Greek Economy 2021” award
The Greek aluminium architectural system developer, Alumil's slogan is 'building excellence every day', which outlines every aspect of the company's activities. Lately, Alumil received special recognition at the event of 'Diamonds of the Greek Economy 2021'. In 2020, during the 18 th edition of the...
