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.
Hindalco Industries Q3 profit rises 77% to INR 1,877 crore
On 10 th February 2021, the metals Flagship Company of Aditya Birla Group, Hindalco Industries reported a consolidated profit after tax at INR 1,877 crore for the Q3 ended 31 st December’20, which is up by 77% Y-o-Y and 385% consecutively. Hindalco posted a consolidated profit of INR 1,062 crore in...
Armenia’s import of Aluminium Wire during 2019-20 reflects upswing; 15.81% de-growth expected in 2021
Vahan Qerobyan, Armenian Minister of the Economy articulated positive about the country’s estimated performance in 2021, as he expects double-digit growth. He said inflation would not exceed 2-2.5% and that Armenia has significantly less inflation than its neighbours. As for 2020, Qerobyan said he...
Century Aluminium promotes Gunnar Gudlaugsson as Executive Vice President- Global Operations
On 9 th February 2021, Century Aluminium, the global primary aluminium producer with operations in the USA and Iceland, declared that it has named Gunnar Gudlaugsson as Executive Vice President, Global Operations. Mr Gudlaugsson has served in a variety of operational roles of increasing...
Brazil: Communities from lower Amazon region brings a lawsuit against Norsk Hydro over toxic waste
Norsk Hydro the globally integrated aluminium giant has been sued by a group of communities in Brazil. Around 40,000 Brazilians are involved in the lawsuit against Norwegian aluminium producer, as they stated, it is toxic waste pollution the company is causing in northern Brazil. The communities...
Moody's lifts Press Metal Aluminium’s rating for business reasons
On 8 th January 2021, the bond credit rating business of Moody's Corporation, Moody's Investors Service had withdrawn Press Metal Aluminium Holdings Bhd's Ba3 corporate family rating and negative outlook for business reasons. The bond rating firm said: "Moody's has decided to withdraw the rating...
Iceland’s import of Aluminium Plates, Sheets and Strips during 2018-20 demonstrates marginal movement; expenditure rises
The economy of Iceland is predicted to recover in 2021, as the global economy reopens and international travel resumes. Although there is uncertainty over the evolution of the pandemic lingers and clouds the outlook, posing a key downward risk to recovery. As per FocusEconomics panellists, the...
AlCircle launches 6th edition of e-Magazine, “Green Aluminium: Sustainable Future for the Industry”
AlCircle believes to stay at top of the mind of the global aluminium value chain industry, starting from publishing daily news update of the industry to various industrial reports on trending topics and publishing e-Magazines on time to time basis on global issues related to the industry. After the...
Alucam’s Aluminium export sinks to 49,300 tonnes in 2020 from 80,000 tonnes in 2017
According to the report published by Bank of Central African States (BEAC), it has been stated that in 2020 Aluminium du Cameroun (ALUCAM) has exported 49,300 tonnes of aluminium. This export volume is recorded as the second-lowest by the aluminium company in a decade, as the bottom lowest was in...
Chinese Aluminium industry needs to close down inefficient coal power plants to meet climate goals: Climate think tank Ember
The independent climate and energy think tank focused on accelerating the global electricity transition, Ember said that the Chinese aluminium industry needs to pull down dedicated power capacity equivalent to more than Germany's entire coal fleet over the next decade to put China on track to meet...
Argentina’s import of Aluminium Tubes or Pipes fittings during 2018-20 unveils constant downfall
Argentina had an estimated decline in GDP of 11.8% in 2020, primarily due to the impacts of the COVID-19 pandemic. The nation had one of the strictest and lengthiest lockdowns in the world and, although the pandemic didn't cost as many lives in Argentina as it did in other large Latin American...
The top 5 primary Aluminium producers of Africa
Africa is one of the largest producers of aluminium ore BAUXITE. African nation Guinea stands as the world’s highest exporter of bauxite and ranks at number two in bauxite production. The other African countries producing bauxite are Ghana, Cameroon, Mozambique, Ivory Coast, etc. Although having a...
Vedanta approves expansion of Lanjigarh Alumina refinery for INR 37.79 billion
The Board of Directors of Vedanta has approved the expansion of existing capacity of Lanjigarh Alumina Refinery, as announced by Anil Agarwal’s Vedanta Ltd. On 4 th February 2021, during its regulatory filing, Vedanta stated that the Board of Directors of the Company at its meeting which was held...
RUSAL’s 3D-printed casing installed onto Yarilo satellite operates successfully
RUSAL declares the successful operation of a 3D-printed casing installed onto Yarilo satellite. The Skolkovo Institute of Science and Technology developed the thermoregulatory casing of the gamma-ray detector, which was produced at the Centre of Additive Technologies based on the Institute of Light...
Vedanta Jharsuguda bags the ‘Best Exporter’ Award, presented by Govt of Odisha
India’s largest producer of aluminium and value-added products, Vedanta Aluminium’s Jharsuguda plant has bagged the ‘Best Exporter’ Award for the years 2017-18 & 2018-19 at the Odisha State Export Award. Directorate of Export Promotion & Marketing (DEPM), Odisha organized the event and the awards...
Papua New Guinea’s import of Aluminium Cans during 2018-19 displays de-growth; 2020 import reflects marginal growth
As per Fitch Solutions, the Papua New Guinea economy is expected to recover from 2021, after a recession in 2020. Fitch Solutions forecasts real GDP growth of 3.2% in 2021, from an estimated contraction of 4.0% in 2020. The island nation on the South-western Pacific region has recorded with 7942...
Century Aluminum, Glencore to deliver 150,000 tonnes of Natur‐Al™ to Austrian firm Hammerer Aluminium Industries
Century Aluminum Company has concluded the sale of 150,000 metric tonnes of Natur‐Al™ aluminium over five years to Austrian firm Hammerer Aluminium Industries (HAI). Natur‐Al™ products are produced with energy from 100% renewable sources at Century’s Norðurál Grundartangi aluminium plant in...
‘Alcomet’ in Bulgaria posts standalone net loss of €1.8 million
Bulgarian manufacturer of rolled and extruded aluminium products ‘Alcomet AD’ posted a standalone net loss of 3.8 million levs (€1.8 million) in 2020 from a net profit of 8.6 million levs in 2019. In an annual financial statement, Alcomet stated that the revenue generation shrunk to 348.1 million...
2020: Cameroon exports aluminium for 54 billion CFA franc, only in CEMAC region
The Bank of Central African States reported that while presenting the evolution of prices of the main commodities exported to CEMAC region - Cameroon, Central African Republic, Congo, Gabon, Equatorial Guinea and Chad to the Q4’20, only Cameroon exports aluminium. According to the 2020 monetary...
