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.
Rusal founder oligarch Oleg Deripaska named on UK sanctions list
The Russian billionaire industrialist and oligarch Oleg Deripaska, the founder of Russian aluminium giant Rusal and his company, which owns the largest alumina refinery of Europe, Auginish Alumina in Limerick has been sanctioned by the UK government. The sanctions undertake an asset freeze, a...
South Korea’s export of aluminium scrap during 2019-21 demonstrates uneven movement; 33% growth estimated for 2022
The economy of South Korea is comprised of a mixed economic system that incorporates a variety of private freedom, blended with centralized economic planning and government regulation. Following the decades of robust economic development and global integration, South Korea has become a...
Aluminium usage projected to bloom by 34%-51% in the residential building and construction sector by 2024: JBREC
As per the market research by John Burns Real Estate Consulting (JBREC), which furnishes independent research and consulting services related to the US housing industry, projects that the usage of aluminium will augment by 34% - 51% in the residential building and construction sector by 2024....
Joe Biden’s administration pressed to reimpose sanctions on Rusal
The administration of Joe Biden, the President of the United States of America is advocated by the top members of the ‘House of Representatives Financial Services Committee’ towards reimposement of economic sanctions on Russian oligarch Oleg Deripaska's United Company Rusal, the Russian aluminium...
Global mining giant Rio Tinto assures to detach all bonds with Russian firms, QAL agreement under scanner
The world's second-largest metals and mining company, Rio Tinto, has initiated a crucial review of its partnership agreement with Rusal, the Russian aluminium giant for Queensland venture as it looks to cut off all business cords with Russia due to its invasion in Ukraine. On 10 th March 2022, Rio...
Aerospace, automakers panic over counter-sanctions; aluminium supply disruption from Russia might cause a severe challenge to the industry
The automakers and aerospace sector are extensively manifested ought to Russia opt to strike back countering the sanctions inflicted by the west and its pool. The San Francisco, California based freight forwarding and customs brokerage company, Flexport withstands that blocked trade lanes,...
Lord Barker resigns from the Chairmanship of En+ Group
The former energy minister of the United Kingdom, Gregory Leonard George Barker (Lord Barker) is stepping down as Chairman En+ Group, the parent company of Russian aluminium giant, Rusal and auditors of PwC and KPMG are decoupling with the country as businesses responded to sanctions against...
Prime Minister of India flags Pune Metro; rides in the first aluminium coach manufactured by Titagarh Wagons
The forerunner company of Titagarh Group, Titagarh Wagons Limited had secured the order for 34 Metro trains having 3 coaches each by the Maharashtra Metro Rail Corporation for the city of Pune, located in the western Indian state of Maharashtra. However, the initial Metro train produced by Titagarh...
Malaysia’s Press Metal plans to inflate its value-added aluminium products output capacity
The Malaysia-based aluminium company with a profound global presence, Press Metal is functioning up its production capability to manufacture more value-added aluminium products ensuing the thorough commissioning of its new phase three smelter in Samalaju Industrial Park in Bintulu, the central...
En+ Group envisage carving out its global business into another a different organization: Sources
The holding company of Russian aluminium behemoth United Company RUSAL is envisaging by creating its global business to a different organization, as reported by industry experts to whom the company management and non-Russian investors claimed. However, the discussion inherits that the...
Appeal to embargo all Russian ships from Irish territorial waters following Aughinish alumina load discard
The Ireland government has been petitioned to disallow all Russian ships to enter Irish territorial waters following a Russian cargo ship rejected its strive to collect a bulk load of alumina produced at the Rusal owned Aughinish Alumina refinery near Askeaton on 2 nd February 2022. According to...
London Stock Exchange bans trading in several GDRs of Russian enterprises including En+ Group
On 3 rd March 2022, the primary stock exchange in the United Kingdom and the largest in Europe, the London Stock Exchange (LSE) announced that it had suspended with immediate effect the trading of global depository receipts (GDRs) of various Russia-based companies including En+ Group. The London...
Cyberattack cuffed at Aluminerie Alouette in Quebec, production remains unstirred
On 25 th February 2022, the Sept-Iles, Quebec based aluminium smelter reported being hit by a cyberattack, regardless the production remained uninfluenced. The largest aluminium smelter in the Americas with an annual production capacity of more than 600,000 tonnes of primary aluminium, Aluminerie...
FAIIP approves financing of €59.40 million loan for Latem Aluminum project
The Spanish Government supported Productive Industrial Investment Support Fund (FAIIP), promoted by the Ministry of Industry, Trade and Tourism and managed by the public company SEPIDES, has approved financing through loans for the Latem Aluminum project, endowed with €59.4 million. The objective...
Qamco abides to focus on its five-year strategic plan for strengthening market position
On 2 nd March 2022, the Doha headquartered Qatar Aluminium Manufacturing Company (Qamco) said that it is abided to focus on its five-year strategic plan to compel its joint venture (JV) to brace the market position. However, its funding strategy will not only vitalize shareholder value creation but...
No means of new agreement signing with Russian firms, re-examining existing contracts: Norsk Hydro
The Norwegian aluminium and renewable energy giant, Norsk Hydro has declared that it will not sign any fresh agreements with the Russian organisations. Hydro said, “The decision has been taken due to the Russian invasion of Ukraine, and sanctions imposed on Russia by the EU and the international...
Matt Howell to step down as CEO of Tomago Aluminium after eight years
The chief executive officer of Tomago Aluminium, Matt Howell, has expressed his intent to step down following over his eight years of service from the capacity of a top executive with the effective end of May 2022. Howell, while mentioning his time as CEO, said, “I want to record my sincere...
Supply disarray due to Russia-Ukraine combat can be a golden opportunity for the Indian metal market
On 2 nd March 2022, the Indian stock market demonstrates the upward movement of the share prices of the Indian metal companies in a weak market, following the Russia Ukraine combat, which generated opportunities for the metal firms to boost their export, as imposed sanctions and intensifying ties...
