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.
Wheels India plans INR 100 crore Capex for wind energy development; large investment in consideration for the cast aluminium plant phase II
On 22nd May 2021, a higher management staff of India’s largest auto component manufacturer, TVS Group promoted Wheels India Ltd. revealed that the company has planned for a capital expenditure of INR 100 crore in 2021 towards the wind energy segment and all set to develop a plant near Chennai....
Weekly end-user update: Letenda bags $1 million grant for developing 100% zero-emission bus; Ball Corp. launches Ball Aluminium Cup at major retailers in all 50 US states
The Longueuil-based bus manufacturing company Letenda has secured a $1 million grant from the Quebec government’s Minister of the Economy and Innovation, on 18 th May 2021, towards developing 100% zero-emission bus made from 50%-70% aluminium. While the leader in aluminium beverage packaging, Ball...
Metro Mining: Stephen Everett to step down, Douglas Ritchie to be appointed as new Chairman
The Australian exploration and mining company based in Brisbane, Queensland, Metro Mining Limited with its flagship project, the Bauxite Hills Mine is restructuring its boards, which includes the appointment of Douglas Ritchie and Simon Wensley as non-executive directors. Following the...
Hindalco Q4 profit escalates 189%, powered by Novelis and India aluminium business
The Indian aluminium and copper manufacturing company, Hindalco industries registered a whopping 189% Y-o-Y growth in consolidated profit at INR 1,928 crore in the March 2021 quarter, powered by Novelis and India aluminium business. In Q4FY21, the consolidated revenue was at INR 40,507 crore,...
Nigeria’s import of aluminium wire during 2018-20 remains unsteady, expenditure rises
The highest GDP maker of Africa, Nigeria has shown that its recovery is expected to be weak and gradual under the current policies. The real GDP growth in 2021 is expected to turn positive at 1.5% and is expected to recover to its pre-pandemic level only in 2022. The West African nation on the Gulf...
France: Alvance wheels future remains gloomy, CGT metallurgy unions in Indre to demonstrate on May 22
The last manufacturer of aluminium rims in France, Alvance wheels is placed in receivership and needs to find a buyer urgently. The CGT metallurgy unions in Indre are calling for a demonstration towards support on May 22 in Saint-Maur. The rally is organized very symbolically in front of the...
Copper might face serious competition from aluminium, over price rise issue: Wood Mackenzie
The trusted source of commercial intelligence for the world's natural resources sector, Wood Mackenzie’s analysis has indicated that a long-term rise in price for copper is likely to counter serious contention from aluminium. The American multinational investment bank and financial services, Bank...
Rusal, Granges sign cooperation agreement on development of aluminium alloys for automotive applications
Rusal, the global leading aluminium producer have signed a cooperation agreement with Gränges AB, the leading global producer of rolled aluminium products for thermal management systems, speciality packaging and selected niche applications towards the development of aluminium alloys for automotive...
HAI commissions new filter system at Ranshofen casting plant
The highly innovative aluminium casting and extrusion expert, Hammerer Aluminium Industries has commissioned a new filter system at its Ranshofen casting plant. HAI’s investment of €2 million in environmental protection was made to enhance air quality at the foundry. The new filter system will...
Bosnia Herzegovina’s alumina export during 2018-20 indicates saturated growth with a steep downturn
Presently, Bosnia Herzegovina is considered an upper-middle-income country, achieving great results since 1995. The economy still deficient competitiveness and the government introduced a structural reforms program for 2019-2021 to encourage private investments and exports. The Covid-19 pandemic in...
Australian Bauxite halts two-day trading, gets ready for capital raise
On 20 th May 2021, the bauxite explorer, producer and mining company, Australian Bauxite (ABX) has called for a two-day trading halt, as it all set to tap investors for some new funding through a capital raising plan. However, ABX is yet to detail the amount it is going to raise or the way to raise...
Letenda bags $1 million grant for developing 100% zero-emission bus made from aluminium
On 18 th May 2021, Pierre Fitzgibbon, Minister of the Economy and Innovation, Quebec announced the award of a $ 1 million grant to Letenda. The bus manufacturing company is developing a new generation 100% zero-emission bus adapted to winter conditions, named the Electrip®. The Longueuil-based...
Rusal to transform in two companies: Leading producer of low-carbon aluminium, development of the domestic market
RUSAL is moving ahead for a demerger of its higher carbon assets to unlock value through the creation of two businesses with separate strategies. The Board of Directors has granted approval to a proposal from management, which is in line with the Company’s ambitious environmental goals and strategy...
Montupet, GMD Eurocast secures France Relance plan towards investment for modernization
On 18 th May 2021, the French government released the names of the new winner of the France Relance plan, in the automotive and aeronautics sectors. Montupet and Eurocast are two new companies that will be able to benefit from this fund intended to encourage investment and modernization in these...
Denmark’s import of aluminium container during 2018-20 reflects up-trending
The Danish government in mid-April 2021 stated that it would reopen the economy sooner than expected as COVID-19 infections declines. The nation has avoided a third wave of the virus pandemic after imposing wide lockdown measures in December’20, which slowed the epidemic considerably to between...
Scottish Government not discards to take over GFG assets into public ownership
The Government of Scotland has not discarded to take over an aluminium smelter and a steelworks into public ownership if the situation demands to safeguard the jobs. Fiona Hyslop, Cabinet Secretary for Economy, Fair Work and Culture, said: “The current plans were not to take over the Lochaber...
Vedanta Aluminium to invest $300 million in current fiscal; Lanjigarh alumina refinery expansion remains the primary focus
The Chief Executive Officer of Vedanta Aluminium, Ajay Kapur stated: “Vedanta Aluminium has set a capital expenditure target of $300 million for the current fiscal.” Kapur added: “Our most significant expansion will be at our Lanjigarh alumina refinery, subject to government approvals, the majority...
Europlasma’s prototype furnace for aluminium waste treatment ready for test in China
The expert in pollution control solutions, Europlasma set forth the progress of its Chinese subsidiary's project aimed at recovering aluminium waste by using plasma technology. The Chinese subsidiary of pollution control expert Europlasma Environmental Technologies (EET) in collaboration with...
