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.
Rio Tinto invests $87 million to raise low-carbon AP60 aluminium production in Canada
The global mining and metal giant, Rio Tinto is infusing $87 million to raise its low-carbon aluminium production in Canada with 16 new smelting cells at its AP60 smelter, in the Saguenay-Lac-Saint-Jean region of Quebec. The investment will inflate production at the smelter by around 45% or 26,500 tonnes of primary aluminium per year to a capacity of 86,500 metric tonnes and deliver a secure prospect for approximately 100 employees working at the facility. Rio Tinto predicts that the global aluminium market will grow at an average rate of 3.3% per annum over the next decade with strong demand driven by the energy transition and decarbonisation. Ivan Vella, the CEO of Rio Tinto Aluminium said: "Rio Tinto is committed to strengthening its position as a leader in low-carbon, hydro-powered...
Olmedo bauxite workers manifest for another protest
The 26 workers those for the last five years have been struggling implacably to profess a future and on the upcoming 30 th November, they are seeing peril of their last hope to be eradicated. The Olmedo bauxite mine workers, presently employees of IGEA Spa Company have manifested yet another state of agitation. Although, the extraction site remains closed since 2015, while in the next two weeks they will be without a contract and hopeless. They have addressed the President of the region and to the President of the Regional Council of Sardinia, the department of Industry, to the sole Director and the Personnel Manager of IGEA spa. The workers immediately urge for a meeting to source an agreement for the continuation of their employment relationship. With the impending expiry of the...
European Aluminium’s new report fortifies CO2 reduction benefit of aluminium recycling
The voice of the European aluminium industry, European Aluminium which is encompassing primary aluminium producers, downstream manufacturers and producers of recycled aluminium has come up with a new report that reveals the European aluminium refining industry is a magnificent example of a modern circular economy business model accredited to its ability to recycle aluminium from multiple scrap streams efficiently. The report further focuses on substantial enhancement in the sector’s carbon emission performance. On 16 th November, the European Aluminium launched a dedicated study on the environmental performance of aluminium refining processes used to produce cast alloy aluminium ingots from aluminium scrap complementing its 2018 Environmental Profile Report. The report delivers accurate...
China lays energy consumption benchmarks for power-intensive industries to reach net-zero goal, stocks of aluminium and steel tumbles
The Chinese state economic planner will execute a fresh set of energy consumption benchmarks for the country’s energy-intensive industries from 2022, proffering manufacturers three years to adhere or close down to attach its climate-change goals. The least efficiency standards materialize to clasp a target at aluminium smelters, steel and cement producers, as they remain as the top energy consumers and polluters. The stocks of the major players like aluminium producer Chalco and Baoshan Iron & Steel slumped, against a predominantly bullish market on 16 th November. On 15 th November, China’s central economic planner, the National Development and Reform Commission (NDRC) revealed the criterion energy consumption levels for five high energy-consuming industries in a joint statement with...
Rusal collaborates with KUMZ embarking on the production of semi-finished products from aluminium-magnesium-scandium alloy
The global leader in aluminium production, RUSAL in association with Kamensk-Uralsky Metallurgical Works J.S.Co (KUMZ), one of the largest downstream companies in Russia has successfully debuted the production of various rolled and pressed semi-finished products from an aluminium-magnesium-scandium alloy of grade 1581. The semi-finished products supplier in aluminium and magnesium alloys, KUMZ, as a part of this collaboration organised the commercial production of plates and sheets from ingots, produced by the Krasnoyarsk aluminium smelter following a specially developed rolling technology. However, such semis are in demand amongst Russian customers from the transport-engineering sector, who develop and produce products for the railway and shipbuilding industries. The alloy of grade 1581,...
Hindalco proposes to repay INR 6,000 crore debt, plans to scale down capital expenditure
The Indian multinational aluminium and copper manufacturing company, Hindalco Industries formulates to repay INR 6,000-crore debt from next June to pull down its debt further. The metal company has narrowed its net debt to INR 66,831 crore as of September end against INR 78,266 crore documented in the same phase the previous year. The Managing Director of Hindalco Industries, Satish Pai commented by saying: “The current net debt to EBITDA level in India is about 1.25 times and repayment of bonds worth INR 6,000 crore is coming up from next June.” He added: “This will be repaid completely from internal accruals as about INR 30,000 crore is lying in the treasuries.” One of the leading power-intensive companies, Hindalco projects to outsource its green energy requirement by inking an...
Canyon Resources on-board Jean-Sebastien Boutet as Chief Executive Officer
The developer of the world-class Minim Martap bauxite project in Cameroon, Canyon Resources Limited has announced that it has appointed Jean-Sebastien Boutet as Chief Executive Officer. Boutet is an experienced metals and mining executive carrying more than 16 years in the bauxite and aluminium industry. The official commencement of Jean-Sebastien Boutet at Canyon Resources will be from 1 st January 2022. Boutet has more than 6 years of working experience in West Africa and most recently as Chief Commercial Officer at Alufer Mining Limited, an independent bauxite mining company that discovered and developed the now operational Bel Air bauxite deposit. However, he was previously a member of the Board of Directors of Compagnie des Bauxite de Guinée (CBG) while working as Commercial and...
A00 aluminium ingot price in China further dips by RMB250/t to RMB18940/t; Aluminium alloy (A356) price shrinks by RMB300/t
A00 aluminium ingot price in China on 16 th November has revealed a further dip of RMB 250 per tonne to RMB 18,940 per tonne, while the average prices are likely to range between RMB 18,920 per tonne and RMB 18,960 per tonne. The spot contract is estimated to be traded at a premium price of RMB 160-120 per tonne. The primary aluminium ingot price in Gongyi has plunged by RMB 250 per tonne to stand at RMB 18,920 per tonne, followed by RMB 250 per tonne price drop at Wu Xi, keeping at RMB 19,940 per tonne. The aluminium ingot price in Hang Zhou also reflected a downfall by RMB 230 per tonne to RMB 18,950 per tonne. In Lin Yi, the price of primary aluminium unveils drop by RMB 210 per tonne to RMB 19,040 tonnes, while the aluminium price at Chong Qing and Shen Yang exhibited with downfall by...
The Aluminium Association appoints Virginia Gum Hamisevicz as new VP of Govt Relations
The voice of the aluminium industry in the US, the Aluminum Association has announced the joining of Virginia Gum Hamisevicz as new Vice President of Government Affairs & International Programs. Virginia carries around 20 years of working experience advocating energy, natural resources and trade policy before Congress and the Executive Branch. She spent more than a decade with the National Mining Association as Vice President for Government Affairs. She also served on staff for both Reps. Shelley Moore Capito (R-W.Va.) and Bill Shuster (R-Penn.). Furthermore, she has held positions with the Environmental Protection Agency, National Park Service, Independent Petroleum Association of America, and the Methanol Institute. Virginia Gum Hamisevicz in the role of Vice President, Government...
Hamburg-based Fehrmann ALLOYS appoints Jan-Peter Derrer as new Head of Sales
The Hamburg based high-performance aluminium alloys producer to supply the entire world of 3D printing, Fehrmann ALLOYS has appointed Jan-Peter Derrer, as the new Head of Sales. He is an industry renowned expert in 3D printing systems for the sale of new metal alloys. At the beginning of October 2021, Jan-Peter Derrer joined Fehrmann Alloys. Derrer with over 12 years of experience with various 3D printing system manufacturers started his career in Germany at SLM Solutions. He then worked for several years at British manufacturer Renishaw and most recently held the position of Senior Business Development Manager at Chinese OEM, Farsoon Europe. He now brings his wealth of experience to high-performance powder sales. Fehrmann Alloys inspired him with the vision of standing out from the crowd...
El Salvador’s aluminium foil imports during 2019-21 resemble marginal movement trend
The most industrialized state in Central America, El Salvador’s major industries contributing to the country’s economy are food processing, beverages, petroleum, chemicals, fertilizer, textiles, furniture, light metals, etc. The major exports are textiles, chemicals, rubber, plastics and metallic products, however, it is also a traditional exporter of sugar and coffee. The nation which is highly dependent on agriculture, El Salvador imported 5525 tonnes of aluminium foil during 2019-20, as the state has demand for the aluminium product for its food processing industries, incurring a revenue expenditure of $21.58 million from the import. El Salvador’s import of aluminium foils in 2019 was documented at 2769 tonnes, with expenditure accounting for $11.24 million, whereas, in 2020, the...
Non-ferrous metal scrap processor Nupur Recyclers files draft prospectus for IPO with NSE Emerge
The leading company in the non-ferrous metal scrap processing and recycling in India, Nupur Recyclers has filed a draft prospectus with the NSE Emerge, the National Stock Exchange of India's new initiative for small and medium-sized enterprises and start-up companies from India, to raise funds via an initial public offering (IPO). Nupur Recyclers is also a renowned name in the field of import of non-ferrous metal scraps such as aluminium Zorba grades, shredded zinc scrap, zinc die-cast scrap and zurik ss scrap. The issue will incorporate a fresh offering of 5,700,000 shares. However, the North India based metal recycling company has appointed investment banks such as Corporate Capital Ventures Private Limited and ICICI Bank to manage its public issue, while the receipts from the issue...
US initiates dialogue with Japan focusing on aluminium and steel import tariffs
On 12 th November 2021, the United States stated that it had initiated dialogue with Japan focused on diminishing US tariffs on metal imports like aluminium and steel, which were imposed under former President Donald Trump, following Washington attainted a deal on the same metal tariff issue with the European Union. Katherine Tai, the US Trade Representative and Gina Raimondo, Commerce Secretary specified ‘distortions’ engendered by global overproduction propelled by China, said: “The United States and Japan will seek to resolve bilateral concerns in this area.” However, before targeting focus towards Beijing, Tai and Raimondo stated: “The United States and Japan have a historic alliance, built on mutual trust and respect.” “These consultations present an opportunity to promote high...
Primarily Aluminium Weekly Recap: Demand for aluminium expected to grow moving forward driven by ESG; En+ Group confirms its Net Zero commitment at COP26
The primary aluminium segment of the global aluminium industry is gradually navigated by environmental, social and governance (ESG) initiatives. The drive towards low-carbon aluminium production is now a mission for every manufacturer, as it is the future. The demand for aluminium is anticipated to pursue moving forward propelled by ESG especially from industries such as automotive and packaging. En+ Group’s metal division Rusal remains the leading producer of low-carbon aluminium, while the group’s commitment to achieving Net Zero at the COP26 UN Climate Change Conference in Glasgow. The first aluminium smelter in the Gulf region, Aluminium Bahrain B.S.C. (Alba), a leader in Environment, Social and Governance (ESG), has united with a top-class sustainability consultant to develop a...
Hindalco posts PAT of INR 3,417 crore in Q2
The subsidiary of Aditya Birla Group, Hindalco Industries revealed an upsurge of 783% in consolidated net profit to INR 3,417 crore in Q2 FY22 from INR 387 crore in Q2 FY21. Hindalco’s consolidated revenue for Q2 stood at INR 47,665 crore as against INR 31,237 crore in the same phase last year, denoting a rise by 53% Y-o-Y. The Q2 FY22 report unveils EBITDA was INR 8,048 crore, a jump by 56% from INR 5,171 crore in Q2 FY21. However, the consolidated net debt to EBITDA ratio enhanced further to 1.93x on 30 September 2021 compared to 2.59x on 31 March 2021. Hindalco commented by saying: “The results were driven by an exceptional performance by Novelis and India Business, supported by favourable macros, strategic product mix, higher volumes, and stability in operations.” The world leader in...
CESTAT grants relief to Tata Motors by ruling non-liable of ‘Excise Duty’ on aluminium dross and skimming in manufacturing of aluminium parts for motor vehicles
The financial capital of India, Mumbai’s bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) granted relief to Tata Motors by ruling non-imposing of excise duty on the development of aluminium dross and skimming during the production of aluminium castings/parts of motor vehicles. The issue of the Tata Motors was raised before the bench comprising Judicial Member Mr Ramesh Nair and Technical Member Mr CJ Mathew was whether the aluminium dross and skimming emerging out of the production of aluminium motor vehicle parts amounts to manufacture and liable to duty or otherwise. The department raised a claim that the above activity aggregate to manufacture and therefore, liable towards payment of excise duty. However, rejecting the above contention, the CESTAT bench...
Nalco posts seven-fold upswing in profit to INR 747 crore in Q2
On 12 th November 2021, the Indian state-owned company having integrated and diversified operations in mining, metal and power under the ownership of the Ministry of Mines, National Aluminium Co Ltd (Nalco) reported a nearly seven-fold upswing in consolidated profit at INR 747.80 crore for the quarter ended 30 th September 2021. The Navratna CPSE under Ministry of Mines, Nalco stated during a BSE filing: “The Company had posted a consolidated profit of INR 107.27 crore in the year-ago period.” The filing revealed: “The consolidated income of the company during the July-September quarter increased to INR 3,634.59 crore over INR 2,399.05 crore in the year-ago period.” Nalco’s net profit leapt by 597.12% to INR 747.80 crore in the quarter ended September 2021 as against INR 107.27 crore...
Aleastur selects Bahrain to set up first aluminium grain refiners in the Gulf region
The European metal producer, Aleastur has instituted the Gulf region’s first facility for aluminium grain refiners and master alloys production at its new Middle-East based in Bahrain. The brand new $15 million facility at the hub of the Gulf region will deliver speciality alloys to global markets, comprising Asia, North America and the GCC. The international leading manufacturer of Grain Refiners, Aleastur's new hub is part of an extensive plan, in partnership with the kingdom's sovereign wealth fund Bahrain Mumtalakat Holding Company - which acquired a substantial stake in the company in 2016 towards the development of the kingdom’s downstream aluminium sector and strengthens coordination between local manufacturers and vital international players. Mumtalakat Holding Company stated:...
