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.
Sanjeev Gupta’s GFG Alliance avoids collapse of Liberty Aluminium Technologies with £10 million loan repayment
The British industrialist Sanjeev Gupta has made a deal to avoid the collapse of Liberty Aluminium Technologies, the key supplier to Jaguar Land Rover, the car manufacturer. As per our latest information, Gupta's GFG Alliance has repaid around £10 million in loans from Close Brothers to Liberty...
Ingrid Jörg replaces Emilio Braghi as the new Chair Person of European Aluminium Association
Europe’s single voice for the entire aluminium value chain, European Aluminium Association notified that Ingrid Jörg, President Aerospace and Transportation at Constellium, has been appointed as Chair Person of the association starting on 1st July 2021. European Aluminium represents more than 85...
Metso Outotec bags contract from NALCO to supply bauxite grinding package at Damanjodi alumina refinery
The global frontrunner in sustainable minerals processing technologies, end-to-end solutions, and services, Metso Outotec has secured a contract for the engineering and delivery of bauxite grinding package to National Aluminium Company’s (NALCO) Damanjodi Alumina Refinery as part of NALCO’s fifth...
Japan’s export of aluminium scrap during 2019-20 illustrates healthy growth; 2021 estimated with 34% rise
The Japanese economy is expected to grow and avoided skidding into recession this quarter but an extension of emergency measures to stem a rise in coronavirus infections has dented the growth outlook, a Reuters poll reflected. The island country in East Asia, located in the northwest Pacific Ocean,...
FYI Resources engages Socialsuite to establish and maintain a tailored ESG reporting platform
The Australian listed resources company, FYI Resources, which is focused on developing an innovative and vertically integrated high quality, high-purity alumina for use in various high growth tech applications has developed an independent environmental, social, and governance (ESG) reporting...
India: DGTR recommends imposing of anti-subsidy duty on aluminium wires import from Malaysia for five years
The commerce ministry of India has been recommended for the imposition of anti-subsidy duty on certain types of aluminium wires imported from Malaysia for five years. This is a movement focused on safeguarding the domestic players from imports that are subsidized in Malaysia. Directorate General of...
ELYSIS commences construction of commercial size prototype cells at Rio Tinto’s Alma smelter in Quebec
On 29th June 2021, the construction of the first commercial-scale prototype cells of ELYSIS’ inert anode technology commences at Rio Tinto’s Alma smelter in Saguenay-Lac-Saint-Jean, Quebec eliminating all direct greenhouse gases from aluminium smelting, which is considered a major step forward. The...
Sweden’s export of aluminium scrap during 2019-20 reflects a marginal growth; 2021 estimated with further minimal rise
The economy of Sweden is regaining its movement, with projected GDP growth close to 4% in 2021 and 3½% in 2022, on the back of rising exports, which boost manufacturing production and investment, and strong fiscal and monetary support. The Scandinavian nation with thousands of coastal islands and...
India’s leading metal producer ‘Vedanta’ floats INR 500 per tonne discount on aluminium and other commodities for the MSME sector
The leading metal producer of India, Vedanta Limited has floated an attractive offer for Micro, Small and Medium Enterprises (MSMEs) in the manufacturing industry observing the World MSME Week. As per the promotional statement, under the company’s Vedanta Saathi programme MSMEs can obtain a...
Nigerian pride in aluminium profiles ‘ALEX’ declares resignation of 3 directors from its board
The Board of Directors of Aluminium Extrusion Industries Plc (ALEX), the Nigerian pride in aluminium profiles has announced the resignation of three Non-Executive Directors from its Board. Aluminium Extrusion Industries Plc is a leading manufacturing company in Nigeria producing and marketing...
Russia imposes an export tariff of 15% plus $254 per tonne on aluminium
The Russian government’s press service has confirmed that the aluminium produced in Russia will be imposed with an export duty of 15% plus $254 per tonne from 1st August through 31st December. On 25th June 2021, Russian Prime Minister Mikhail Mishustin signed an official decree towards the approval...
French Polynesia’s import of aluminium cans during 2018-20 displays gradual growth with a downfall
The French Polynesian economy has been heavily impacted by the COVID-19 crisis, due to its reliance on international tourism. It was able to rebound strongly after being previously impacted by the Global Financial Crisis and had experienced a long period of continuous growth. The French overseas...
The wait is over, AlCircle Expo 2021 goes live!
The wait is over, the day has come, AlCircle Expo 2021 goes live today at 9:00 AM GMT. We are electrified to welcome the global aluminium value chain associates under one roof. AlCircle Expo 2021 is a virtual platform where you can expand your business networks, meet and greet old and new clients,...
NALCO books nine-fold leap in Q4 profit INR to 935.74 crore
On 28th June 2021, National Aluminium Co Ltd (Nalco), one of the largest integrated primary producers of aluminium in Asia has reported a nine-fold leap in consolidated profit at INR 935.74 crore for the quarter ended 31st March 2021, powered by strong operational performance and favourable prices....
“Major restructuring will allow to pay back creditors”, says GFG Alliance
On 28th June 2021, Sanjeev Gupta-owned GFG Alliance stated that it is advancing towards a major restructuring, which will allow it to pay back creditors, following the collapse of its principal lender Greensill Capital in March. The statement added: “This, in turn, will allow GFG to refocus its...
GSIA seeks Govt. of India’s intervention in price surge of raw materials denting MSME sector, including aluminium
The steep rise in raw material prices is denting micro, small and medium enterprises (MSMEs) and govt. of India should entail immediately to intervene through policy decisions, said Goa State Industries Association (GSIA). Along with 170 MSME associations across India, GSIA has written to Narendra...
Qatar’s export of aluminium scrap during 2018-20 demonstrates ‘V’ shaped development
The economy of Qatar will regain its positive growth of 2.9% in 2021, as the economy benefits from a recovery in Chinese and global LNG demand, as well as the rapprochement with the former boycotting quartet Saudi Arabia, the UAE, Bahrain and Egypt. The peninsular Arab nation’s export of aluminium...
Sri Lanka’s largest cable manufacturer ‘Sierra Cables Group’ escalates all-time financial result in FY21
Sri Lanka’s largest and the most outstanding aluminium and copper cable manufacturer with footprints in international markets has recorded an escalation in all-time revenue generation of Rs. 5.2 billion, an upswing by 7% from the previous year. The Group also booked the highest ever profit after...
