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.
Japan’s import of Aluminium containers for compressed gas during 2018-19 remains even; 2020 import reflects 67% growth
The economic recovery of Japan in 2020 was proportionately strong, while by Q4, the real GDP was down just 1.2% from a year earlier, and it was due to recoil in consumer spending and ample foreign demand. Japan’s indecisive growth was evident in January 2021, when the Consumption Activity Index...
Bulgarian real estate firm Interlink Group to invest in Aluminium profiles production
On 30 th March 2021, Trakia Economic Zone (TEZ) reported that Bulgarian real estate firm Interlink Grup revolutionised towards the development of an aluminium profiles production facility near the city of Plovdiv. Followed by the investment of €20.3 million for the aluminium profiles production...
French Govt. investigates disappearing Greensill loan to GFG Alliance’s Liberty Aluminium Poitou
The British industrialist Sanjeev Gupta’s GFG Alliance is on the radar of the French government for preliminary investigation towards the disappearance of a loan dispensed by Greensill Capital to a French aluminium smelting plant. Greensill filed for insolvency protection on 8 th March 2021....
Iran’s import of Aluminium Tubes and Pipes during 2018-20 reflects uneven movement
The economy of Iran is tumbling down after years of U.S. sanctions and Iran has been insisting the United States withdraw those restrictions before the two sides can return to nuclear talks. The economy shrunk to an estimated 4.99% in 2020, gradually diminishing since 2017. In comparison, the...
Canyon Resources: Minim Martap Bauxite Project ESIA on track for submission in May
Canyon Resources, focused on the development of the 100% owned Minim-Martap Bauxite Project, a direct shipping ore (DSO) project development opportunity in central Cameroon has announced that the Environmental and Social Impact Assessment (ESIA) for the bauxite project is progressing well and is...
US firm Metal Impact acquires Luxfer Holdings Aluminium gas cylinder division
The subsidiary of US-based Thunderbird Manufacturing LLC, Metal Impact East LLC has acquired the Luxfer Holdings PLC aluminium gas cylinders division. Metal Impact affirms the acquisition of the manufacturing operations of Luxfer in Graham, North Carolina, as well as its range of products and...
British Govt. rejects Sanjeev Gupta’s bailout plea to prevent GFG Alliance from collapsing
The British metal magnate and Executive Chairman of GFG Alliance, Sanjeev Gupta’s request for a £170 million emergency loan to prevent his group from collapsing have been rejected by British ministers, as reported by the industry sources on 28 th March 2021. The plea was rejected amid concerns by...
New Zealand’s import of Aluminium Cans during 2018-20 exhibits rapid downfall
New Zealand's GDP sprouted 2.2% in 2019 against 3.2% in 2018 but fell to -6.1% in 2020 due to the outbreak of the COVID-19. It is expected to pick up to 4.4% in 2021 and 2.6% in 2022 according to the updated IMF forecasts from January 2021. The island country in the south-western Pacific Ocean has...
Jörgen Rosengren appointed as new CEO and President of Gränges
The Board of Directors of the global leader in aluminium engineering, manufacturing and innovation, Gränges’ has appointed Jörgen Rosengren as the new CEO and President. Jörgen Rosengren, currently positioned as CEO of Bufab Group, a Nasdaq Stock Exchange in Stockholm listed company. He will take...
Aluminium a metal of strategic importance to the nation and vital raw material for key industries, says BALCO Chief
Mr Abhijit Pati, CEO and Director of BALCO explained how India’s iconic Aluminium & Power producer countered the unconventional situation which occurred due to the COVID-19 pandemic and forced to shape the business more sturdily and pursue the momentum of growth. Mr Pati, a person to reckon with...
Aluminium supplies in Europe disrupt with Suez Canal maritime traffic jam
The large container vessel maritime traffic jam on the Suez Canal in Egypt has intensified the shortage of primary aluminium billet supplies in Europe, which resulted in higher premiums on 26 th March 2021. Suez Canal, an artificial sea-level waterway in Egypt, connecting the Mediterranean Sea to...
Eyeing on the application of graphene in Aluminium smelters, Tirupati Graphite bolsters team strength
Tirupati Graphite, a fully integrated specialist graphite and graphene producer, with operations in Madagascar and India, has further strengthened its team across three business units to brace its growth. Tirupati has appointed Dr SK Biswal, a scientist and technocrat specialising in the field of...
Sweden’s import of Alumina during 2018-20 remains volatile, expenditure trends to dip
The Swedish economy is losing its pace for recovery in short term, but the foundation is in place for a strong rebound later in 2021. Unemployment is expected to decline, while inflationary pressures remain subdued, but the outlook is elusive due to upside-down statistics and incoherent signals...
King River Resources market price mounts with HPA progress
The exploration mining company, King River Resources, with holdings at Speewah and Mt Remarkable in the Kimberley region of northern Western Australia and at Tennant Creek in the Northern Territory reflects its share price mounting 27%, gliding on the news that the company has managed to produce...
Century Aluminum concludes Mt. Holly Aluminium smelter power contract, receives all necessary approvals
On 25 th March 2021, Century Aluminum of South Carolina (CASC), a wholly-owned subsidiary of Century Aluminum Company announced that it has concluded and received all necessary approvals for, its new, three-year power contract with the South Carolina Public Service Authority, also known as Santee...
Gränges to infuse $33 million to boost aluminium casting capacity in the US
Gränges will infuse $33 million to expand its aluminium casting operations in Huntingdon, Tennessee, to encounter the rise in demand from North American customers. This investment follows the previous and successful investments in new rolling capacity at the sites in Huntingdon and Newport,...
Mexico’s export of Aluminium Stranded Wire during 2018-20 resembles marginal fluctuation
The World Bank estimated that Mexico’s economy will rebound from the expected 9% shrink in 2020, with growth in 2021 of 3.7%. This movement is due to an improvement in Mexican exports to the United States and less uncertainty about the application of the renewed USMCA. However, by 2022 its rate of...
Corruption on exploitation of Bauxite in Guinea, investigation filed against President Alpha Condé and others
Our sources reported on 23 rd March 2021, an investigation was opened in Paris after a complaint about corruption in the exploitation of bauxite in Guinea comprising President Alpha Condé, several of his relatives and mining companies. This preliminary investigation, opened by the National...
