Alumina weekly recap: China's alumina shipment to Russia in March spurts up due to Western-led sanctions; Alba receives RoSPA award for outstanding ‘Safety and Health’ standards

The after effects of Russia-Ukraine crisis can still be felt in the global alumina industry. To begin with, as per customs figures released on Wednesday, April 20, China's alumina export to Russia had increased by more than 90 times in March compared to the same month a year ago, as Western-led sanctions had cut off some of its usual supply. The global alumina market is expected to be in a state of flux in the second quarter (Q2) of 2022, as the fallout from the Russia-Ukraine war, as well as a bevy of other interrelated factors, threaten to disrupt supply and demand fundamentals. However on the other, the news of Alba receiving the Royal Society for the Prevention of Accidents (RoSPA) Gold Medal Award for maintaining a good safety and health record in fiscal year 2021, shows the care and precautions they take about the workers. Following investigations by international media, Guinea's interim government is keen to learn about the work plan and length of each project to extract alumina from bauxite that is being carried out on their soil.

Investigations led by foreign media concluded, Guinea’s interim government is eager to know about the work plan and duration of each project carried out on their ground to extract alumina from bauxite. The government is reportedly asking international mining companies to submit production plans for refining bauxite into alumina along with an explanation pertaining to the construction timeline for alumina refineries.

To know more: https://www.alcircle.com/news/guinea-s-alumina-refinery-dream-can-come-true-with-international-cooperation-79138

During the fiscal year 2021, Alba won the Royal Society for the Prevention of Accidents (RoSPA) Gold Medal Award for maintaining an excellent track record in Safety and Health, becoming the ninth time recipient of the same in a row. Keeping the employees and the contractors’ labour force safe is of utmost importance to Alba. Among other prestigious international awards, Alba proudly showcases an International Safety Award and Merit from British Safety Council which it won in 2020.

To know more: https://www.alcircle.com/news/alba-receives-rospa-award-for-outstanding-safety-and-health-standards-for-the-ninth-time-79150

Mostly known for their vanadium and gold, an Australian mining company King River Resources is attempting to divert avenues towards high purity alumina or ‘HPA’ space, exploring their addition to the Department of Science, Energy and Resources’ Critical Minerals list. The ASX registered high purity alumina plant by King River Resources will have to submit a comprehensive feasibility assessment for the proposed 2,000 tonnes per annum HPA production plant in May 2022 whereas global HPA demand is estimated to rise by 30% annually till 2028 serving the needs of LED lighting, semiconductor and electronics, optical and battery industries.

To know more: https://www.alcircle.com/news/king-river-resources-gains-ground-in-hpa-production-sensing-a-30-demand-growth-79178

Alumina Limited which owns a 40% non-operating stake in Alcoa World Alumina Chemicals’, is aiming higher at this moment with the increasing demand for alumina and the rising aluminium prices despite the supply disruption. Russian metal industry giant, Rusal is being trampled under the European sanctions and Australian bans moreover, the closing of its only Ukrainian Refinery Nikolaev is hammering hard on the Company.

To know more: https://www.alcircle.com/news/alumina-limited-claims-medium-term-outlook-is-best-for-the-aluminium-market-79211

On Wednesday, April 20, custom statistics indicated that China’s alumina shipment to Russia heightened by more than 90 times in March compared to the same month a year ago, as sanctions on Russia for its invasion of Ukraine cut off some of its customary supply.

To know more: https://www.alcircle.com/news/china-s-alumina-shipment-to-russia-in-march-spurts-up-due-to-western-led-sanctions-79203

In the second quarter (Q2) of 2022, the global alumina market is envisaged to be in a state of uncertainty, as the after-effects of the Russia-Ukraine conflict and a slew of interconnected variables threaten to shift supply and demand fundamentals. The embargo on alumina and bauxite shipments to Russia imposed by Australia on March 20 resulted in an immediate worldwide oversupply. 

To know more: https://www.alcircle.com/news/global-alumina-market-may-experience-disrupting-q2-due-to-the-ukraine-russia-stand-off-79141