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Slovakia’s import of alumina during 2018-21 exemplifies mercurial movement
06 OCT 20212MINS

Slovakia’s import of alumina during 2018-21 exemplifies mercurial movement

Slovakia ranks as the fastest-growing developed economy in the world. The country has a mixed economic system in which there is a variety of private freedom, integrated with centralized economic planning and government regulation and it is a member of the European Union (EU). Slovalco is the only...

Gupta’s GFG scathe legal action against the acquisitive exploits of AIP
06 OCT 20213MINS

Gupta’s GFG scathe legal action against the acquisitive exploits of AIP

On 5th September 2021, Sanjeev Gupta chaired GFG Alliance confirmed that it will initiate legal action against any attempts by the US private equity fund, AIP, to seize the power of the Dunkirk aluminium smelter which is part of GFG’s ALVANCE aluminium business. AIP bought out a chunk of the...

BAGR Berliner Aluminumwerk GmbH appoints Oleg Hoffmann as new Managing Director, Mustafa Güngör to depart
04 OCT 20212MINS

BAGR Berliner Aluminumwerk GmbH appoints Oleg Hoffmann as new Managing Director, Mustafa Güngör to depart

On 1st October 2021, BAGR Berliner Aluminiumwerk GmbH, which is operating a melting and casting plant for secondary aluminium in a traditional industrial area in the north of Berlin since 1997, announces a change in their management board. Mustafa Güngör, the well-established Managing Director of...

Ukraine’s aluminium household articles export signifies remarkable growth during 2018-21
04 OCT 20212MINS

Ukraine’s aluminium household articles export signifies remarkable growth during 2018-21

The second-largest country in Europe after Russia, Ukraine has a mixed economic system with limited private freedom, blended with centralized economic planning and government regulation. Ukraine’s economy is all set to rebound to growth in 2021, as reported by the European Bank for Reconstruction...

German aluminium precision expertise alimex GmBH joins ASI as Production & Transformation member
04 OCT 20211MINS

German aluminium precision expertise alimex GmBH joins ASI as Production & Transformation member

The Aluminium Stewardship Initiative has announced the joining of alimex GmBH Precision to ASI as a Production & Transformation member. This brings the total number of ASI Members to 196. alimex, the inventor of the cast-plate, produces aluminium cast plates which surpass the highest market...

Alumina Weekly Recap: Mining Minister highlights US$500,000 loss per day at Jamalco refinery for fire breakout; Alumina production in Europe grows by 2.12% to 914,000 tonnes in Aug’21
02 OCT 20213MINS

Alumina Weekly Recap: Mining Minister highlights US$500,000 loss per day at Jamalco refinery for fire breakout; Alumina production in Europe grows by 2.12% to 914,000 tonnes in Aug’21

This week a lot had happened in the Alumina industry. On Monday, September 27, the average alumina spot price had increased by RMB 126 per tonne to settle at RMB 3,733 per tonne. For September 28, the average alumina spot price was recorded at RMB 3,744 and for September 29, the spot price stood at...

AIP takes over Sanjeev Gupta’s Dunkirk aluminium smelter
02 OCT 20212MINS

AIP takes over Sanjeev Gupta’s Dunkirk aluminium smelter

The American private equity firm that invests in industrial businesses, American Industrial Partners (AIP) claimed to have grabbed control of distressed metal magnate Sanjeev Gupta’s Dunkirk aluminium smelter in France. On 1st October 2021, American Industrial Partners stated that it had acquired...

Slovakia’s only primary aluminium producer cuts output for electricity price surge; No update on layoffs
02 OCT 20212MINS

Slovakia’s only primary aluminium producer cuts output for electricity price surge; No update on layoffs

Slovalco, the only primary aluminium producer in Slovakia, is curbing production in reaction to the steep growth of electricity prices. Record price hikes of emission allowances and insufficient compensation from the states through the Environmental Fund are some of the other factors for the output...

Project Y719 finally tastes the water at Oceanco
02 OCT 20211MINS

Project Y719 finally tastes the water at Oceanco

Project Y719, one of the largest yachts in the world, has finally hit the water at Oceanco, the Netherlands. Built of aluminium super structure, the superyacht is around 117 metre long and is launched from the yard’s Alblasserdam facility. Project Y719 was technically launched in 2019 from...

Alumina production in Europe grows for the second month in a row by 2.12% to 914,000 tonnes in Aug’21
29 SEPT 20212MINS

Alumina production in Europe grows for the second month in a row by 2.12% to 914,000 tonnes in Aug’21

According to the International Aluminium Institute, alumina production in Europe, including Russia, continued to grow for the second month in a row in August 2021. IAI data showed the output increased by 19,000 tonnes or 2.12 per cent in the said month to come in at 914,000 tonnes compared to...

AMAG Austria Metall AG extends contract with Chief Sales Officer Victor Breguncci for four years
29 SEPT 20211MINS

AMAG Austria Metall AG extends contract with Chief Sales Officer Victor Breguncci for four years

On Tuesday, September 28, the supervisory board of AMAG Austria Metall AG, a supplier of premium aluminium cast and rolled products, announced that they extended the contract with their Chief Sales Officer (CSO) Victor Breguncci. The extension of contract will allow Mr Breguncci to head AMAG's...

Czech Republic’s export of aluminium tubes and pipes fittings during 2018-20 demonstrates steep to marginal rise; 4.5% growth estimated for 2021
27 SEPT 20212MINS

Czech Republic’s export of aluminium tubes and pipes fittings during 2018-20 demonstrates steep to marginal rise; 4.5% growth estimated for 2021

The Central European country, the Czech Republic is counted as a developed country with a high-income economy. Its economy revolves around its employment rate, which the region is resolute on maintaining. With the pressure on public funds, Czech Republic's focus has been on increasing employment...

Hungary’s export of aluminium tubes and pipes during 2018-20 manifests upsurge; 52% growth predicted for 2021
24 SEPT 20212MINS

Hungary’s export of aluminium tubes and pipes during 2018-20 manifests upsurge; 52% growth predicted for 2021

According to the Economic Complexity Index, the economy of Hungary is a high-income mixed economy and it ranked as the 9th most complex economy. The country executed multiple reforms such as the privatization of businesses that were once state-owned and initiated to slash funding to social programs...

Poland’s import of aluminium household articles during 2019-20 exemplifies de-growth; 16% upturn estimated for 2021
23 SEPT 20212MINS

Poland’s import of aluminium household articles during 2019-20 exemplifies de-growth; 16% upturn estimated for 2021

According to the preliminary data from Statistics Poland (GUS), a government executive agency charged with collecting and publishing statistics related to the country's economy, population, and society, at the national and local levels stated that Poland recorded GDP growth of 10.90% Y-o-Y in Q2...

Finland’s export of aluminium cans during 2018-21 unveils a sharp growth trailed by constant downfall
22 SEPT 20212MINS

Finland’s export of aluminium cans during 2018-21 unveils a sharp growth trailed by constant downfall

The economic freedom score of Finland is 76.1, making its economy the 17th freest in the 2021 Index. Finland’s overall score has increased by 0.4 points, majorly due to improvement in the government spending score. The Finnish economy continues to reap its results from high levels of economic...

Italian-Russian Chamber of Commerce organizes “METALHUB RUSSIA ITALY: INDUSTRIAL INNOVATION AND METALLURGY”
21 SEPT 20212MINS

Italian-Russian Chamber of Commerce organizes “METALHUB RUSSIA ITALY: INDUSTRIAL INNOVATION AND METALLURGY”

The Italian--Russian Chamber of Commerce organizes a public conference dedicated to metallurgy “METALHUB RUSSIA ITALY: INDUSTRIAL INNOVATION AND METALLURGY”, promoted by Ccir with ArtValley. The conference will be streaming live on the Youtube channel of the Italian-Russian Chamber of Commerce on...

Cyprus import of aluminium bar rods and profiles during 2018-20 exhibits enterprising growth followed by a marginal drop; 12% surge expected for 2021
21 SEPT 20212MINS

Cyprus import of aluminium bar rods and profiles during 2018-20 exhibits enterprising growth followed by a marginal drop; 12% surge expected for 2021

The Finance Minister of Cyprus, Constantinos Petrides in August 2021 stated that the economy is anticipated to grow by more than 5.5% in 2021, as preliminary estimates showed a 12.90% year-on-year growth in the second quarter of the year. The minister further added that the Q2 rate was markedly...

Italy’s high-valued export of aluminium plates, sheets and strips during 2018-21 illustrates a variable movement
20 SEPT 20212MINS

Italy’s high-valued export of aluminium plates, sheets and strips during 2018-21 illustrates a variable movement

According to the latest PMI data, it signalled rapid growth of the Italian private sector economy during July, as the Covid-19 restrictions were untightened and sustained boost to client demand across manufacturing, services and construction, while the latter also received added benefit from...