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.
India's leading quality solar PV module manufacturer plans to invest $600 million
On 26 th September 2022, the Managing Director of the Gujarat-India headquartered Goldi Solar, Ishver Dholakiya, said that India’s leading quality solar PV module manufacturer is planning to invest around $600 million (INR 5,000 crore) by 2025 to proliferate its module manufacturing capacity to 6...
EGA inks agreement to join UAE hydrogen leadership initiative in support of decarbonization efforts
The world's largest premium aluminium producer, Emirates Global Aluminium (EGA), has joined the UAE hydrogen leadership initiative program by signing an agreement with the Ministry of Energy and Infrastructure. Launched last year during Cop26 in Glasgow, the initiative seeks to achieve the...
Wire additive manufacturing AML3D names Ryan Millar as its new CEO
Effective immediately, Ryan Millar will take over as CEO of large-format wire arc additive manufacturing company AML3D. Andy Sales will remain director of technology development as CTO. AML3D, which sells AM machines, equipment, and software and offers a bureau service, announced the appointment on...
Australia's largest aluminium smelter plans to fast-track its decarbonization drive
Tomago Aluminium, the largest aluminium smelter in Australia and New South Wales' biggest energy consumer, will speed up its decarbonisation drive and work with renewable energy producers to boost Hunter's clean energy transition. Developing opportunities for renewable power generation and energy...
North American producers suffering from the unrestricted flow of Russian aluminium into the US: Jakob Stausholm, Rio Tinto
The chief executive of Rio Tinto, Jakob Stausholm, is concerned about the unshackled flow of Russian aluminium into the US, which is decreasing the competitiveness of North American producers. According to Stausholm, Russian aluminium imports remain exempt from US sanctions, whereas allies like...
Bauxite and aluminium industry integration is underway in Ghana: Nana Akufo-Addo at UNGA
On 21 st September, the President of the West African nation Ghana, Nana Akufo-Addo, declared during the 77 th session of the United Nations General Assembly (UNGA) that Ghana is developing an integrated bauxite and aluminium industry. He added that Ghana was refining its natural resources -...
'Mission Possible Partnership' decarbonization strategies hailed by global industry leaders
The Mission Possible Partnership (MPP) has attracted more than 200 industry leaders to support efforts to decarbonize some of the world's most challenging and carbon-intensive industries. More than 60 companies have endorsed new plans presented at New York Climate Week for producing near-zero...
Thyssenkrupp Materials Services continues its expansion in Mexico to serve the aluminium and steel automotive component market
ThyssenKrupp Materials Services continues to expand in North America and plans to open a new facility for its Materials de Mexico division in San Luis Potosí. The company is investing around $37 million in a service centre in the city, which will support the future viability of the automotive...
Average daily volumes of aluminium futures surged 359% in Q3: CME Group Inc.
CME Group Inc., a futures exchange operator, said on 16 th September 2022 that aluminium futures volumes soared 359% in Q3 to date from Q1 and topped 6,709 contracts in the fourth quarter. A futures contract for aluminium is a standardized, exchange-traded contract in which the contract buyer...
China's aluminium imports for August declined 19% Y-o-Y: Customs data
On 18th September 2022, the Chinese customs data revealed that China's aluminium imports in August 2022 descended 19% from the previous year's same period. The record rise in domestic production and limited export supply is the primary reason for this import dip. China stands as the world’s largest...
Vedanta mega aluminium park project’s SPV to be formed expeditiously
Following the announcement of Vedanta's new investment plan in Odisha for around $3 billion (INR 25000), the group is all set to build an aluminium park at Jharsuguda. An investment of $50 million (INR 400 crore) will create a special purpose vehicle (SPV) for the park's development. Initially...
European market uncertain about ordering aluminium for 2023: Ali Al-Baqali
Customers in Europe are hesitant to place orders for next year due to recession concerns, causing a decline in demand, as stated by Ali Al-Baqali, the Chief Executive of Aluminium Bahrain (Alba). Ali Al-Baqali commented on the sidelines of an aluminium conference in Barcelona, "The overall demand...
EC energy measures are welcome but inadequate to save the aluminium industry survive winter: European Aluminium
The voice of the aluminium industry in Europe, European Aluminium, appraises the emergency measures proposed by the European Commission on the 14th of September and welcomes the first step to address the extremely high energy prices. However, the aluminium industry association signifies that these...
Novelis opens ‘Customer Solution Centre’ for automotive markets in Michigan
On 16th September 2022, the leader in sustainable aluminium solutions provider and world leader in aluminium rolling and recycling, Novelis Inc., observed the opening of its Customer Solution Centre (CSC) for automotive in Novi, Michigan, a suburb of Metro Detroit. The $35 million facility is part...
Russia-Ukraine's geopolitical crisis may enhance Egyptalum's financial performance
The largest aluminium producer in Egypt and one of the largest in Africa, Egyptalum expects strong business results in the coming period, taking advantage of several factors, whether on the global or local scene. Several factors are expected to contribute to Egyptalum's business results, whether...
Greek aluminium producer Elvalhalcor explores switching to LPG as a way to restrict energy bills
The Greek leader in aluminium and copper production, Elvalhalcor, is evaluating the changeover from fossil fuel (natural gas) to liquefied petroleum gas (LPG) to help hinder its escalating power bill, as stated by the company on 14th September 2022. Spyros Kokkolis, the CFO, said, "Elvalhalcor has...
Vedanta to infuse $3 billion in Odisha to expand its aluminium, ferrochrome and mining business
On 14 th September 2022, Anil Agarwal, the Chairman of Vedanta Resources stated that his company has new investments of more than USD$3 billion (INR 25,000 crore), as it has plans to expand its aluminium, ferrochrome, and mining businesses in Odisha. The founder of Vedanta Resources made this...
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“The shift is happening in India, but globally aluminium is the standard for high-speed, semi-high speed and metro coaches”, Prithish Chowdhary, CMO, Titagarh Group
AlCircle had the opportunity to interview Mr Prithish Chowdhary, Chief Marketing Officer of Titagarh Group, and the discussion centered on manufacturing aluminium train coaches. AlCircle: Can you tell us about Titagarh's journey with its state-of-the-art manufacturing of aluminium coaches, which...
