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.
Machine tool orders dip in Q1 2023, but Italy remains confident
Order intake for Italian machine tool manufacturers fell significantly in Q1 2023 when compared to the same phase in 2022, both in domestic and foreign markets. Regardless, the Italian producers of machine tools used more than 86 per cent of their available manufacturing capacity, and their order...
2023: Green Bonds to dominate sustainability-linked debt
Green bond issuance is likely to climb further in 2023 as major governments and transnational institutions increase sales, while other types of sustainable debt are expected to develop much more slowly. The Climate Bonds Initiative estimates that green bond issuance totalled $487.1 billion last...
Power rationing hit China's primary aluminium production by 1.24% in April, dipping MoM
On May 16, the National Bureau of Statistics of China's data revealed that China's primary aluminium output in April 2023 declined by 1.2 per cent when analyzed with March 2023 due to an energy restriction policy in southwest China that restrained aluminium production. The National Bureau of...
Bauxite export ban from Indonesia drives Guinea's demand; Lindian Resources inks supply deal
The Australian-listed company with world-class bauxite and rare earth assets, Lindian Resources, has signed a supply agreement with a new cash-rich partner. The company has announced a new six-year arrangement with freight shipping firm C&D Logistics to provide 23 million wet metric tonnes of...
It's official: RUSAL approves the Sustainability Strategy for 2035
The Russian aluminium giant and one of the world's leading producers of low-carbon aluminium Rusal's Board has approved the 2035 Sustainable Development Strategy. The strategy states the audacious objective of making sustainability accessible to all stakeholders in the aluminium supply chain. The...
China's Shandong Nanshan plans to expand the Indonesian alumina refinery site to a $6 billion aluminium smelting complex
According to our source, China's Shandong Nanshan wants to expand its new Indonesian alumina refinery site to a USD$6 billion aluminium smelting complex by 2028, making it one of the most significant foreign investments in the country. Shandong Nanshan is incorporated among many private Chinese...
Technology can transform challenges into opportunities: UAE Climate Tech
The platform that offers to transform, decarbonize, and future-proof economies UAE Climate Tech brings together over 1,500 leaders from technology giants, major industries, finance, government, civil society, and the energy sector in Abu Dhabi. Technology has the ability to transform one of the...
Storvik wins Mosjøen aluminium smelter capacity expansion contract from Alcoa
Storvik Group has been given many significant and central contracts by Alcoa Mosjen, the American aluminium giant Alcoa's subsidiary. The contracts are in connection with previously announced investments targeted at increasing production capacity at the Mosjen smelter. Storvik believes the contract...
Russia’s alumina imports from India under the radar, nil to 3rd largest consumer
According to the latest data from the Ministry of Commerce, Govt. of India reveals that the alumina exports to Russia escalated to 0.258 million tonnes in April-February of the financial year 2022-23 (FY23) from zero in the previous period of FY22. The surge in India-Russia trade with the mentioned...
Adaro Minerals' aluminium smelter will be open in 2025
The planned renewable energy-sourced aluminium smelter of PT Adaro Minerals Indonesia Tbk (ADMR) in Green Industrial Park Indonesia, North Kalimantan, is anticipated to be functional in Q2 2025 with a total investment of US$2 billion. Totok Azhariyanto, the Director at Adaro Minerals, said, "...
Alcoa appoints Matt Reed as Vice President Operations - Australia and President of Alcoa Australia
Alcoa Corporation, the world's eighth largest aluminium producer, has appointed seasoned resource executive Matt Reed as Vice President Operations – Australia and President Alcoa Australia effective 6 th June 2023. Matt will be based in Perth and will be a key member of Alcoa's worldwide Operations...
American consumers are big on sustainability
Aluminium is becoming more popular among businesses and consumers as they prioritise sustainability in their products, according to the Aluminum Association, the industry’s leading voice, representing companies that make 70 per cent of the aluminium and aluminium products shipped in North America....
Aluminium ground wire alternative to copper from NKT, AX PRO
Copper ground wires have long been the industry standard for underground wire installations in distribution networks. NKT, the leading cable and cable accessories supplier to the energy sector, has developed an option made of corrosion-resistant aluminium. NKT is ready to deliver AX PRO after ten...
ARCC progressing to build truly zero-emission buses
ARCC, a technology and manufacturing brand in its seventh year, is continually advancing its future thinking regarding reimagining how a bus with zero emissions should be built. Aluminium Revolutionary Chassis Company (ARCC) has sometimes produced zero-emissions buses and coaches like other...
MaterialLoop project aims to cut down the environmental impact of vehicles by recycling
Metallurgists and chemists are working on a less fantastical but comparable problem: recycling materials to the same grade 'A' quality they began life in. For instance, recycling steel may seem simple. Still, it isn't, and according to the German automotive manufacturer of luxury vehicles Audi,...
Balco IPO likely to be discussed between the Govt. of India and Vedanta
According to persons familiar with the issue, the government of India will likely begin informal negotiations with Vedanta about Balco's future stock market listing before making a solid recommendation to the aluminium company's board. The government of India still holds a 49 per cent stake in...
Apollo Global Management to acquire Arconic Corp.
On May 4, 2023, Arconic Corporation announced that it has entered into a definitive agreement to be acquired by funds managed by Apollo Global Management, Inc. affiliates in an all-cash transaction that values the Company at an enterprise value of approximately US$5.2 billion. The acquisition...
Aluar Aluminio Argentino ropes Bomchil to issue US$100 million worth of notes
The sole producer of primary aluminium in the Argentine Republic, Aluar Aluminio Argentino, has engaged Bomchil to issue US$100 million worth of notes. Bomchil is a highbrow firm with considerable clout in the Argentine legal industry and beyond. Since its inception, it has tripled its aluminium...
