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.
Weekly end-user recap: DGTR -India endorses finance ministry to impose anti-dumping duty on aluminium foil imports; Airbus, Magellan Aerospace deal for aluminium and titanium structural wing components supply foster North Wales sites
In the global aluminium end-user segment, the week resembled DGTR -India endorsing finance ministry to impose anti-dumping duty on aluminium foil imports from China, Malaysia, Thailand and Indonesia. While in North Wales, Airbus and Magellan Aerospace deal for aluminium and titanium structural wing...
Aluminium downstream weekly recap: Sanjeev Gupta’s Liberty Aluminium Technologies seeks more time to track down buyers; Midhani’s aluminium alloy plant in Nellore concludes land compensation proceedings
The global aluminium downstream segment observed some important happenings this week, as Sanjeev Gupta’s Liberty Aluminium Technologies seeks more time to track down buyers. In India Midhani’s aluminium alloy plant in Nellore concludes land compensation proceedings, while in the UK, TRA begins a...
Russian scientists develop unique heat-resistant aluminium alloy, can replace copper conductors in air and rail transport
A unique heat-resistant aluminium alloy with improved durability have been produced by developing technology from the scientists of the National University of Science and Technology “MISiS” (NUST MISIS) in cooperation with their colleagues at the Siberian Federal University and the Research and...
British fine food maker Potts’ introduces Mexican cooking sauce duo in aluminium beer cans
The British fine food maker Potts’ is introducing a duo of Mexican cooking sauces packaged in aluminium beer cans. Potts' cooking sauces, gravies, stocks, pour-over sauces, and dessert sauces are perfect for people who crave products with a distinctively homemade taste and authentic ingredients. On...
Peru’s import of aluminium stranded wire during 2019-20 signifies express growth; 3% growth estimated for 2021
The economic output of Peru indicated that it will grow 10% in 2021 and 4.8% in 2022, supported by a favourable external context. However, these forecasts are strongly conditioned to the maintenance of macroeconomic stability by the new government administration and largely reflect a rebound after...
Australia: Metro Mining floats $25.5 million equity raise to scale up balance sheet
The Australian exploration and mining company, Metro Mining Limited based in Brisbane, Queensland has floated a $25.5 million equity raise incorporating an arrangement and a pro-rata accelerated non-renounceable entitlement offer. As per the information, approx. 1.6 million shares will be issued at...
Midhani’s aluminium alloy plant in Nellore concludes land compensation proceedings
The prolonged efforts of Andhra Pradesh Industrial Infrastructure Corporation (APIIC) and the revenue authorities have at last brought the conclusion to land compensation issues that had delayed the proposed aluminium alloy plant of Midhani in association with Nalco, which is spread over 110 acres...
Russia gearing to impose export tax on metal producers, including aluminium with $2.3 billion in Aug-Dec
On 24th Jun2 2921, the officials of the largest country in the world, Russia said that the government is gearing to impose new export taxes for aluminium, steel products, nickel and copper which will cost their producers $2.3 billion between 1st August and 31st. Russia wants to safeguard its...
Switzerland’s export of aluminium container during 2019-20 illustrates a sharp rise; 9% further growth estimated for 2021
The economic outlook of Switzerland rejuvenates with the ease of pandemic cases. According to the Organisation for Economic Co-operation and Development (OECD), the Swiss gross domestic product (GDP) is expected to grow by 3.2% in 2021, upgraded from 2.2% in the previous forecast. The Alpine...
Australian Bauxite intents for another new and larger mine in Tasmania
The innovative business by Australian Bauxite Limited, which has developed new technologies to improve bauxite application across the aluminium, cement and fertiliser industries has shown the intent of another new and larger bauxite mine at Fingal Rail, near Conara in Tasmania. Since 2015, the...
Mubadala Investment Company acquires 2.6% stake in low-carbon aluminium producer En+
The UAE’s sovereign investor Mubadala Investment Company said it acquired a fresh 2.6% stake in Russian aluminium giant and leading low-carbon aluminium producer En+. Mubadala's total ownership in En+, following the deal now stands at 2.86%, which the investment firm stated on 23rd June 2021....
EGA in talks with banks to refinance $6 billion loan it secured in 2019
The world’s largest premium aluminium producer, Emirates Global Aluminium is in discussion with banks to refinance and transpose the terms of a loan of about $6 billion it secured in 2019, as reported on 23rd June 2021 by close references on this matter. The references stated that the UAE based...
Black Sea Trade and Development Bank dispensing $40 million loan to ALRO for energy and VAP capacity enhancement
On 23rd June 2021, the Black Sea Trade and Development Bank (BSTDB), the international financial institution serving the eleven-member founding countries of the Black Sea Economic Cooperation, stated that it is dispensing a $40 million loan for a capital investment programme.to Romanian aluminium...
Argentina’s import of aluminium foil during 2019-20 displays nominal growth; 2021 projected with minimal dip
BBVA Research, which is considered as a benchmark for research and economic analysis in different countries in the Americas, Europe and Asia stated that the economy of Argentina after falling 9.9% in 2020, is recovering faster than expected. Nevertheless, the rebound is heterogeneous across...
Hydro alumina refinery ‘Alunorte’ secures license to operate advanced bauxite residue deposit in Brazil
Hydro’s alumina refinery in Barcarena, Brazil which processes bauxite from its mine in Paragominas, also in Pará state has secured the license to operate the deposit called DRS2, after the installation phase and all commissioning tests are approved by environmental agencies. The DRS2 deposit area...
Odisha coal block allotment will improve power availability and strengthen aluminium operations, says Vedanta
On 22nd June 2021, Vedanta stated that the coal block which has been allotted would deliver fuel security, enhance power availability and also strengthen the aluminium operations, once it gets fully functional. Vedanta released the statement immediately after it emerged as the successful bidder for...
UK: TRA begins journey with the investigation of Chinese aluminium extrusions anti-dumping case
The UK body that investigates whether new trade remedy measures are needed to counter unfair import practices and unforeseen surges of imports, Trade Remedies Authority has begun its first investigation in response to an application from a UK industry. On 21st June the case was initiated. Trade...
Sanjeev Gupta’s Liberty Aluminium Technologies seeks more time to track down buyers
Sanjeev Gupta’s distressed metal empire that counters the threat of administration has requested its bankers to give more time, as it is trying to negotiate with four potential buyers. The supplier of cast components to Jaguar Land Rover, Liberty Aluminium Technologies could be enforced by the...
