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.
Hydro invests in green transitions and Norwegian aluminium smelters
Investing in Norwegian aluminium smelters will enable Hydro to take the lead in climate-efficient aluminium solutions through continued industrial development and green transition initiatives. This will extend the lifespan of the aluminium smelters and will convert the products to low-carbon...
Russia plans to divert metal exports from Western countries to alternative markets
The Minister of Industry and Trade of the Russian Federation, Denis Manturov, stated that due to sanctions put in place by the EU and US, Russia would reroute its metal exports from Western nations to alternate markets. The minister identified China, Turkey, Southeast Asia, Russia-led Eurasian...
Rusal renews agreement with En+ Group subsidiary KraMZ until 2023
In a renewed contract, the Russian aluminium giant Rusal agreed to continue the supply of primary aluminium and aluminium scrap to the En+ Group subsidiary KraMZ. Rusal, one of the world's leading aluminium producers, announced that it will supply about 77,220 tonnes of the material until December...
Meteorological incident force Metro Mining to end 2022 operating season early
The Bauxite Hills mine in Queensland ended its operating season for the year ahead of schedule due to a weather event that could have been dangerous for mining operations and shipment on December 29, 2022, according to an announcement by the Australian mining and exploration company Metro Mining....
Balco bags Arogya World ‘Healthy Workplaces Awards – 2022’
The renowned Indian aluminium producer Bharat Aluminium Company Limited (BALCO), a subsidiary of Vedanta Aluminium, has been awarded the "Gold Award" by Arogya World in the category of "Healthy Workplaces Awards - 2022." Arogya World is a global health non-profit organization working to prevent...
Japanese buyers agree to pay a 13% lower aluminium premium in Q1 than in Q4
On December 28, 2022, four industry experts involved in the pricing discussions informed that some Japanese aluminium buyers agreed to pay global producers a premium of $86 per tonne over the benchmark price for January-March shipments, down 13% from the current quarter. The amount is less than the...
Indonesian Chamber of Commerce and Industry welcomes the decision to ban bauxite export
On December 27, 2022, Arsjad Rasjid, the General Chairperson of the Indonesian Chamber of Commerce and Industry (Kadin), expressed support for the bauxite export ban, claiming that it will increase the value of the country's natural resources. Rasjid said, "The export ban on bauxite will take...
November 2022: Indonesia accounted as the largest alumina supplier to China; alumina export to Russia ranked highest
According to the data revealed by the General Administration of Customs of China, it has been reported that 196,000 tonnes of alumina were imported into China in November 2022, representing an increase of 24.2 per cent over the previous year and a reduction of 21.8 per cent over the previous month....
EU signs the world's first carbon tariff agreement; initial phase includes aluminium imports
The professed carbon border adjustment mechanism (CBAM) will safeguard the European industry from importing less expensive, more polluting goods by impersonating the domestic carbon pricing in the European Union. However, it will start with aluminium imports, among others like iron and steel,...
Budget proposal for 2023: Assocham strives for reduction in basic customs duty on critical raw materials for the Indian aluminium industry
The century-old Indian trade association, Associated Chambers of Commerce and Industry of India (ASSOCHAM), has lobbied for a decrease in the basic customs tax and correction of the inverted duty structure on crucial raw materials for the aluminium industry since high import charges are a big...
Croatia's Brodosplit shipyard begins constructing self-driven crewless aluminium ship
The largest shipyard in Croatia, Brodosplit, announced its initiation of building a self-propelled crewless ship focused primarily on firefighting and preventing sea pollution in maritime accidents and rescue operations. On December 22, 2022, Brodosplit stated, "The hull and superstructure will be...
Bauxite weekly recap: Indonesia to impose ban on bauxite exports from June 2023; Canyon receives new investor to advance the development of Minim Martap bauxite project
The bauxite segment of the global aluminium industry has witnessed some of the most crucial happenings during the last days of the year. Previously, during an economic forum, Indonesian President Joko Widodo said Indonesia would announce a ban on commodity exports without disclosing which or a...
Tesla unveils its Qi device wireless charging platform featuring aluminium housing
The American multinational automotive electric vehicle manufacturing company, Tesla, has revealed its own 'Wireless Charging Platform', a wireless charger that can charge up to three Qi devices simultaneously. According to our report, the charging mat's concept is similar to Apple's AirPower in...
Gränges signs arrangements for new credit facilities and refinances existing debt
The innovative engineering company that has transformed the industry for more than 125 years, Gränges has entered two new credit facility agreements and refinanced part of the debt portfolio. A three-year term loan for USD 100 million and a three-year term loan for SEK 3,500 million are included in...
Germany's €28 billion renewable energy scheme receives EU approval, a step to eliminate GHG emissions by 2045
The German government's €28 billion ($29.69 billion) support programme for renewable energy, which aims to increase the use of wind and solar power quickly, was announced as having been approved by the European Commission. The policy, which will replace an existing renewables support scheme, will...
Korea’s top aluminium foil and packaging company to raise KRW115.3 billion through stock sale
On December 22, 2022, the leading aluminium foil and packaging company of South Korea, Sama Aluminium's plan to raise a total of 115.3 billion won via the issuance of 3.7 million common shares, was revealed. According to our information, the shares will be issued at a price of KRW31,050 per share....
Malaysia's Citaglobal Bhd exits bauxite mining venture
The Malaysian construction engineering company, Citaglobal Bhd, formerly known as WZ Satu Bhd, is exiting its bauxite mining venture under SE Satu Sdn Bhd to focus on a portfolio of businesses that includes civil engineering and construction, oil and gas, power generation, property development,...
Xingfa Aluminium Holdings to acquire 4% stake in Guangdong Province Trading
On December 21, 2022, the leading aluminium extrusion profile manufacturer in China, Xingfa Aluminium Holdings during filing has stated that it would acquire a 4 per cent equity interest in a Chinese service provider, Guangdong Province Trading Development, from Guangdong Guangxin Holding Group for...
