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.
Korean automaker Hyundai Motor inks aluminium supply agreement with Indonesia's Adaro
On November 13, 2022, the Indonesian large-cap house Adaro stated that PT Adaro Minerals Indonesia Tbk inked a memorandum of understanding (MoU) with South Korea's auto giant Hyundai Motor Company on aluminium supply for automobile manufacturing. In Bali, Indonesia, a Memorandum of Understanding...
Decarbonization isn't restricted to aluminium, cement among others needs to follow zero carbon path: COP27
The 2022 United Nations Climate Change Conference or Conference of the Parties of the UNFCCC, more commonly referred to as COP27, is the 27th United Nations Climate Change Conference and is being held from November 6 until November 18 2022, in the Egyptian resort town, Sharm El-Sheikh. At COP27 and...
Russian metal will not be barred from trading, reports LME
On November 11, 2022, the London Metal Exchange (LME), one of the world's largest commodities exchanges, announced that it would not bar Russian metal from being traded and stored in its system due a vital segment of the market is still planning to procure Russian metal in 2023. Russia is one of...
The European aluminium market might counter a downcast at the start of 2023
The entire European aluminium market is currently streaming through a disquiet following a moreover better H1 2022. During the first quarter of 2023, the manufacturing industry is expected to counter a very gloomy prospect. While delivering their ambitious purchasing strategies earlier in 2022,...
OPCL acquires 80% stake in Ghana Bauxite Company, replacing Bosai Minerals
The Ghanaian holding company, Ghana Integrated Aluminium Development Corporation (GIADEC), dealing with all government investments and interests in the nation's integrated aluminium business, has introduced OPCL as the new majority shareholder of Ghana Bauxite Company (GBC) to the traditional...
Aluminium sector's impact exceeds £7.4 billion, the metal will play a vital role in achieving net zero: ALFED
According to a leading sector expert, the UK's aluminium industry has a 'once in a generation' opportunity to drive sustainability, the circular economy, and the transition to Net Zero. Tom Jones, the CEO of the Aluminium Federation (ALFED), made the rallying call after the release of the...
MENA region leading investment fund envisions India’s resources will propel GDP growth
A leading investment fund in the MENA region focused on unlocking a positive future for the region, and beyond, the Dubai Investment Fund (DIF) asserts that India's untapped resources will need to be explored to navigate the nation's demand for new infrastructure and facilitate the housing bubble....
Mines Awards Guinea awarded Rusal with best performance in the 2022 first edition
On November 5, 2022, as part of its first 2022 edition, Mines Awards Guinea organized in Conakry at the national capital, a ceremony to reward the best companies and leaders operating in the Guinean mining sector, as well as the localities exploited for the excellent use of taxes paid to them. This...
Environmental Trust Ireland initiates High Court proceedings against expansion of the Limerick Alumina
Environmental Trust Ireland, a voluntary, not-for-profit Irish Environmental Organisation, has initiated High Court proceedings against the proposed expansion of the Aughinish Alumina refinery in County Limerick. The An Bord Pleanála approved proposals to expand the area where bauxite residue - a...
OBCL secures $18 million contract from Vedanta for aluminium transportation
The logistics firm specializing in Full Truck Load (FTL) services, Orissa Bengal Carrier (OBCL), which has served satisfactorily in the past decade, has inked a contract with mining and metal giant Vedanta to transport finished aluminium items. On November 3rd, 2022, OBCL stated, "The agreement is...
Constellium to join the 'First Movers Coalition', accelerating aluminium's decarbonization journey
On November 4, 2022, the global leader in developing innovative and value-added aluminium products, Constellium SE, announced that it is joining the First Movers Coalition (FMC), a global initiative to accelerate zero-carbon technologies and reduce carbon emissions. In a global initiative led by...
Alba stresses the importance of proposed line 7 project, stating aluminium is the metal of the future
The Chairman of the Board of Directors of Aluminium Bahrain B.S.C. (Alba), Shaikh Daij bin Salman bin Daij Al Khalifa, met with Bechtel’s President of Mining & Metals Global Business Unit Ailie MacAdam, Bechtel’s President of Europe, Africa, and Middle East Region Justin Siberell and Bechtel’...
Vedanta Alumina endorses Waste-To-Wealth MSMEs in Odisha
India's leading premier metallurgical grade alumina producer, Vedanta Alumina, Lanjigarh, is encouraging Waste-To-Wealth MSMEs in the Kalahandi district of Odisha. It has been supplying lime grit to local brick manufacturers, enabling the circular economy to turn industrial waste into value-added...
Bauxite shipments from Guinea gain momentum as China's reserves deplete, advantage for capesize segment
The soaring energy prices in Europe have caused a severe impact on aluminium production and shifted output to China. However, due to China’s increasingly depleted bauxite reserves, this repositioning has increased bauxite shipments, benefitting the West African nation, Guinea, the world’s largest...
Unfavourable ratings by Moody's led Vedanta Resources to conclude the engagement
On November 3rd, 2022, London-based Vedanta Resources, the holding company of India’s Vedanta Limited, discontinued the rating services of Moody’s after the latter lowered the company’s ratings on debt concerns. Commodity tycoon billionaire Anil Agarwal led Vedanta Limited, India's leading...
Ghana welcomes Bedeschi shiploaders, bauxite and manganese handling efficiency to increase
According to our report from West Africa, almost all of the unloading operations for two Bedeschi shiploaders and one echopper shipped fully erected from Jebel Ali Port, Dubai to Ghana Takoradi Port have been accomplished. Jebel Ali is a deep port located in Jebel Ali, Dubai, United Arab Emirates...
Capral offers low-carbon aluminium LocAl® to Australian manufacturers for accessing sustainable projects
Australia's leading provider of aluminium products and associated services, Capral, introduced LocAl®, a lower-carbon primary aluminium option available across Capral's locally manufactured extruded aluminium products. The nation's largest extruder provides Australian manufacturers access to...
Top Newsmakers for October 2022: Assan Alüminyum plans to launch a facility in the US with an investment of $460 million; Joe Biden's administration considering a complete ban on Russian aluminium
This October 2022, the global aluminium value chain has seen some of its most exciting events ever. One of the world's leading manufacturers in the flat-rolled aluminium (FRP) industry, Assan Alüminyum announced its plans to invest $460 million in the American market by establishing a facility. The...
