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.
Austria’s export of aluminium containers for compressed gas during 2019-20 resembles de-growth; 86% upswing appraised for 2021
The cylinders made of aluminium are far better than steel cylinders due to the impact of internal and external corrosion of the steel cylinders. The University of Rhode Island’s study of cylinder internal corrosion reveals: “Under equal conditions of moisture in cylinders, aluminium cylinders are much better, so air stored in aluminium cylinders may retain it's quality longer.” The highly developed industrialized nation, Austria exported 1051tonnes of aluminium containers for compressed gas during 2019-20, which incurred revenue generation of around $9.52 million from the export. In 2019, Austria registered an export of 552 tonnes of aluminium containers for compressed gas, accounting for revenue earnings of $4.46 million, whereas, in 2020, the export reflected de-growth by 9.60%, as the...
Odisha, India: OERC’s positive move benefits the aluminium industry and state
The Odisha Electricity Regulatory Commission’s positive move by allowing one unit of Vedanta IPP adding to the surplus power within the state to utilize its power for aluminium production within the state which would be developing thousands of employment in and around Jharsuguda. As a judicial body, OERC has given a statement and accordingly the difference of opinion delivered by all the stakeholders, including GRIDCO, Government of Odisha and others have been considered and eventually a fair and logical order has been given in the interest of the state and consumers. The order of OERC permits GRIDCO to draw power when actually in deficit and allow IPP power to be used in the state when there is a power surplus situation. A comprehensive review of the order distinctly manifests that after...
Pre-launch alert: AlCircle to publish e-Magazine on “Global Aluminium Foundry: Challenges and Opportunities ahead in 2022”
As we persist to explore the requirements of the growing world market for complex aluminium castings, AlCircle is purposive to come up with the 1 st edition of its e-Magazine on “Global Aluminium Foundry: Challenges and Opportunities ahead in 2022”. A foundry is a facility that produces metal castings. Metals are cast into different shapes by melting them into a liquid, pouring them into a mould, and then drawing out the mould material after the metal has solidified as it cools down. The most common metals processed are aluminium and cast iron. The aluminium foundries produce both simple components and very complex ones, while machining of castings guarantees high accuracy. So, the outcomes are highly worthwhile. Metalcasting is a vast industry, and aluminium is the most popular metal...
World’s largest producer of low-carbon aluminium En+ Group confirms its Net Zero commitment at COP26
The leading vertically-integrated producer of low-carbon aluminium and independent hydropower, En+ Group, confirmed its commitment to achieving Net Zero at the COP26 UN Climate Change Conference in Glasgow. More than 120 countries heads of state and business representatives attended the two-week climate conference, while it is anticipated to conclude on 12 th November 2021. The primary initiative of COP26 has been the Glasgow Financial Alliance for Net Zero (GFANZ). It has augmented 25-fold since April to include 450 firms from 45 countries. Participants incorporated commercial banks, insurance and audit companies, pension funds, rating agencies and stock exchanges that control a total of $130 trillion (£95 trillion) in assets. This accounts for around 40% of global assets. Furthermore,...
Turkey’s export of aluminium containers during 2018-21 unveils steady growth
The economy of Turkey is a mixed economy, signifying growth in the private sector blended with centralized economic planning and government regulation. The economy has expanded 21.70% Y-o-Y in Q2 2021, its highest annual growth rate since 1999. The transcontinental country nation, Turkey exported 713 tonnes of aluminium containers during 2018-20, which accounted for revenue earnings of $4.10 million from the export. The Turkish export of aluminium containers in 2018 was registered at 188 tonnes, developing revenue earnings of $1.34 million, whereas, in 2019, the export unveiled a steady growth of 12.23% and the earnings counted to $1.35 million. Turkey’s aluminium container export in 2020 saw further growth of 48.81%, as the export volume surged to 314 tonnes and the earnings also climbed...
APID, BMSI owes millions in unpaid taxes to Govt. of the Solomon Islands for bauxite mining
As per a renowned British news media, a report has been unfolded that a mining operation owes millions in unpaid taxes and royalties to the Government of Solomon Islands. The information accumulated from a senior official, Govt. of Solomon Islands, the Asia Pacific Investment Development (APID) company and its subcontractor, Bintan Mining Solomon Islands Ltd (BMSI), have not paid taxes or royalties on over one-third of their exports in the last five years. Since 2015, the companies have been exporting bauxite from the West Rennell Islands, with 100 shipments consigned overseas. Notwithstanding, it has been unveiled that they have paid royalties for only 67 shipments out of the 100 freights during their operation. Rick Houenipwela, the former Prime Minister of Solomon Islands said: “Sadly,...
“Demand for aluminium expected to grow moving forward driven by ESG”, says Press Metal Chief Executive
The demand for aluminium is anticipated to remain robust in the future aligned with widening efforts to protect the environment by most countries in the world through the application of environmental, social and governance (ESG) initiatives. Tan Sri Koon Poh Keong, the CEO of Press Metal Aluminum Holdings Bhd Group, Malaysia said: “The implementation of ESG would encourage companies to use recyclable materials as their raw materials, of which aluminium is one of them.” He further added: “The demand for aluminium was expected to continue moving forward driven by ESG especially from industries such as automotive and packaging.” "Strong demand will support the price of aluminium. In addition, the constraints on the supply of aluminium going forward will also support the price to remain...
Pragun Khaitan bags the Machinist Next Gen Leader 2021 Award
India’s first and only red-carpet ceremony for the country’s discrete manufacturing industry, the Machinist Super Shopfloor Awards, in its seventh edition, presented the Vice Chairman and Managing Director of Jindal Aluminium Limited, Mr Pragun Khaitan with ‘The Machinist Next Generation Leader 2021 Award.’ The honour duly apprehends Pragun Khaitan’s persistent contribution through innovation using best-in-class technology and the most acceptable ethical business practices in the downstream segment of the aluminium industry. Pragun Khaitan strongly made his mark in the Editorial Choice Awards category for his honest endeavours in all the 11 categories dubbed as the critical measurable parameters to evaluate the performance of a manufacturing plant. The categories include safety,...
India: National Institute of Engineering inks MoU with aluminium extrusions specialist Bhoruka
The temple of technical learning in Karnataka, the National Institute of Engineering (NIE), Mysuru, has signed a Memorandum of Understanding (MoU) lately with aluminium extrusion product specialist Bhoruka Extrusions Private Limited (BEPL), Mysuru. The Mysuru, Karnataka based speciality aluminium developer for custom made-to-order aluminium extrusions, products and an associated service stand as the leader in its segment and also has global impressions. The extrusion company runs its state-of-the-art extrusion facility in Mysuru with fully automated PLC controlled equipment. Bhoruka extrusions have been serving to the augmented demand and application of aluminium in several sectors stretching from electronics, transportation, textiles, renewable energy, defence, aerospace, etc. Dr N.V....
Armenia aluminium foil export during 2019-20 exemplifies remarkable growth; 3% downfall anticipated in 2021
The Armenian economy depends on manufacturing, services, remittances, and agriculture. According to UN trade data, aluminium foil accounts for almost half of Armenian exports to the U.S. The aluminium foil is manufactured by a facility in Yerevan known as Armenal, which is owned by Russian aluminium giant Rusal. However, The Biden administration slapped a new tariff on Armenia’s aluminium foil export to the United States as an anti-dumping duty in May-June 2021. The former Soviet Republic, Armenia exported 83,218 tonnes of aluminium foil during 2019-20, incurring revenue generation of around $206.81 million from the export. Armenia exported 37,421 tonnes of aluminium foil in 2019, which generated foreign revenue of $96.30 million, whereas, in 2020, the export soared by 22.38%, as the...
Nalco’s Pottangi bauxite mining proposal unexpectedly turns positive, but with conditional support
On 9 th November 2021, in an unanticipated jolt, a meeting summoned in connection with the proposed bauxite mining in Pottangi by Nalco concluded on a positive account with the village inhabitants conferring conditional support to the drive. ITDA, the Koraput Integrated Tribal Development Agency officials had issued a notification to nine villages incorporating Malkarabanda, Sipaiput, Erasantagurda, Katraguda, Pottangi, Sisaguda, Madamgandhi, Thuria and Karnajaguda for contemporary conduct of the meeting. However, this was deliberated to settle the abiding dispute between the village inhabitants and Nalco over redirection of forest land for mining under the Forest Rights Act (FRA) 2006. The affected village population of the block put forward a document of demands to be fulfilled before...
Alba develops roadmap to meet ESG goals in compliance with Bahrain’s Net Zero Emissions by 2060
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 fully-fledged roadmap to realise its ambitious ESG goals pursuant to Bahrain’s commitment for ‘Net Zero Emissions’ by 2060. The roadmap of Alba will lay out quick wins, short-term and long-term goals in compliance with the Company’s Mission to inspire change and encourage its status as an Aluminium Stewardship Initiative (ASI) certified aluminium producer. Lately, Alba has issued a public tender for supplying and installing solar panels for its Solar Farm with a view to diversify its energy sources and adopt clean energy in line with the Kingdom of Bahrain’s Economic Vision 2030 and its...
Wisconsin recycling plant secures Ardagh Group and Crown funded aluminium can capture grant
The City of Milwaukee and Waukesha County in Wisconsin, US jointly owned recycling plant secures an aluminium beverage can capture grant. Ardagh Metal Packaging, the sustainable beverage can manufacturer and rigid packaging supplier Crown backed the grant program. The fund will be utilised to install equipment at the facility to capture crushed or flattened cans. The recycling plant will now source more than 27 million aluminium beverage cans per year and drive annual revenue of more than $400,000. Rick Meyers, Department of Public Works sanitation services manager, City of Milwaukee said: “Thank you to Ardagh and Crown for investing in recycling facilities to help more aluminium beverage cans complete their circular journey to becoming a new can.” “This additional eddy current will help...
Kazakhstan’s aluminium cans import during 2018-21 denotes demand gain in the domestic market
The economic growth of Kazakhstan is powered by structural reforms, abundant hydrocarbon resources, strong domestic demand, and foreign direct investment (FDI). These factors have supported the country to diminish poverty and transform into an upper-middle-income economy. The Central Asian nation, Kazakhstan imported 14,644 tonnes of aluminium cans during 2018-20, which accounted revenue expenditure of $82.16 million for the import. In 2018, the former Soviet Republic imported only 1150 tonnes of aluminium cans, with expenditure documenting to $6.37 million, whereas, in 2019, the import denoted a robust growth by 432%, as the import volume leapt to 6118 tonnes due to a surge in domestic demand and the expenditure also escalated to $36.05 million. Kazakhstan’s importation of cans in 2020...
French prosecutors broaden investigation on GFG Alliance for an €18 million state-backed loan
On 8 th November 2021, the Paris prosecutor's office stated that the French prosecutors are investigating distressed metal magnate Sanjeev Gupta's GFG Alliance, broadening an in-process investigation for a state-backed loan of €18 million to one of its facilities in France. The comprehensive French investigation approaches on top of a probe by Britain's Serious Fraud Office into GFG Alliance as it endeavours to refinance its aluminium and steel businesses following the collapse of primary financial lending firm Greensill Capital. The Paris Prosecutors said that they unfastened an investigation in July 2021 toward allegations of misapplying of company assets and money laundering by Gupta’s GFG, after a decision by prosecutors in Poitiers to pass on their preliminary inquiry into the loan....
Aluminium industry contributes immensely to the economy of UK: FAI & ALFED research report
According to research executed by the UK’s trade association, ALFED states that the UK's aluminium industry contributes far more than previously realised in terms of revenue and employment to the national economy. The voice of the UK aluminium industry, Aluminium Federation UK’s research has found that the sector directly employs 37,000 people across the UK, contributing almost £3 billion in Gross Value Added to the country’s GDP. The previous extensive supply chain spill-over effects are taken into account, hence, the sector supports at least 97,000 people and £6.8bn in GVA. Tom Jones, CEO of ALFED said: “The association engaged with the Fraser of Allander Institute (FAI) – which operates within the University of Strathclyde's Business School - to take a new approach to the data on both...
Spectro Alloys infuses $10 million in Rosemount aluminium-recycling plant
The industry-leading technology user to recycle aluminium for regional die casters and foundries, Spectro Alloys of Rosemount, Minnesota is infusing $10 million to make its recycling plant, the Upper Midwest's biggest processor of industrial aluminium, applying high standards of safety and with high energy efficiency. Spectro Alloys resolved an air-pollution issue with the U.S. Environmental Protection Agency (EPA) in May 2021 by paying a $110,000 civil penalty and installing pollution-control equipment on one of its furnaces, worth expending $250,000. The family-owned business, Spectro Alloys President Luke Palen said: “The Company already had planned improvements that far exceeded that fix.” "These investments demonstrate our commitment to continuous innovation for the environment and...
Trafigura assures decarbonisation of aluminium and shipping sectors with ‘First Movers Coalition’
On 4 th November 2021, the Swiss multinational commodity trading company Trafigura in partnership with US Special Presidential Envoy for Climate, John Kerry publicized the “First Movers Coalition”, a new platform of corporate commitments to develop demand for low carbon technologies. During the UN Climate Change Conference COP26, in Glasgow, Scotland, Trafigura Group, the founding member of the coalition symbols its official launch. Jeremy Weir, the Executive Chairman and CEO of Trafigura confirmed the group’s dedication to driving decarbonisation and the grasping of low-carbon technologies in the shipping and aluminium sectors. Trafigura assures working with the First Movers Coalition to concur future purchasing commitments for low-carbon aluminium, to incentivise and work with producers...
