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.
Netherlands export of aluminium scrap during 2018-20 tracks decent growth; 2021 predicated with 2% upswing
The Dutch economy is envisioned to grow by 2.7% in 2021 and 3.7% in 2022, reaching the pre-Covid levels at the beginning of 2022. Consumption will navigate the recovery as households normalise their saving after the sharp increase in 2020. Private investment will enhance, but pursue to be held back by abiding uncertainty. Bankruptcies are expected to rise and unemployment is set to peak in the second half of 2021 following the phasing out of support measures. The manufacturing and export of machinery, metallurgy, electrical goods contribute heavily to the economy of the Netherlands. These industries other than selling their products also support the economy by exporting metal scrap, as aluminium is one of them. The north-western European nation’s export of aluminium scrap during 2018-20...
Airbus, Magellan Aerospace deal for aluminium and titanium structural wing components supply foster North Wales sites
The announcement of a contract extension between Airbus and Magellan Aerospace (UK) is considered as a move that should foster the North Wales sites. The deal will realize the supply of aluminium and titanium structural wing components from Magellan UK’s facilities throughout Europe and India. The aerospace systems and component manufacturer, Magellan has sites on Deeside and in Llay, Wrexham, where 350 staffs are employed. The deal includes precision machined details and assemblies for use on the Airbus A320 and A330 aircraft, whose wings are assembled at Airbus Broughton in Flintshire. However, as of yet no parties have revealed the details on the value or length of the contract extension. Phillip C. Underwood, President and CEO of Magellan said: “This scope of work with Airbus...
Aparna Enterprises plans to invest INR 100 crores to strengthen its aluminium window and door system brand Alteza
On 21st June 2021, the three-decades-old Aparna Enterprises Limited, expertise in the building-materials industry in the Indian market announced its plans to invest INR 100 crore towards bracing its aluminium window and door system brand Alteza in the next 4 years. The investments will be utilized for strengthening its product portfolio as well as a manufacturing facility, marketing and retailing. The company also witnessed the roll-out of its latest range of slim aluminium sliding door system - ACA M-19 Series. Ashwin Reddy, Managing Director, Aparna Enterprises Limited, while commenting on the plans for Alteza, said: “Aluminum window and door system market in India is close to INR 20,000 crores and it is growing at a CAGR of 7.9%. There is growing demand for quality products as well as...
Coca-Cola observes 3 festivals from northern Japan in one design appearing in aluminium cans exclusively for Tohoku region
Coca-Cola Japan floated their regional bottle designs observing the famous landmarks and traditions in major Japanese cities, a few years ago. These elusive aluminium bottles of the coke can be located only in the particular regions they feature, making them fun souvenirs from any trips around Japan. The northern prefectures such as Aomori, Akita and Iwate have featured before, with bottles that integrate traditional festivals and prominent buildings into the design, however, now these three areas will appear side-by-side on one Coca-Cola aluminium can. It’s being sold under the moniker of the "Michinoku Design." Michinoku is a former province of Japan that spanned these three modern-day prefectures. The name of each prefecture is written in kanji, beside a depiction of a famous festival...
Final call to exhibit your brand at AlCircle Expo 2021 – This time more Exhibitors and more Sponsors onboard
The buzzer is on, the final call is ringing, what are you waiting for? AlCircle warmly welcomes you all to its second virtual event “AlCircle Expo 2021”. This time the list of exhibitors has expanded, and so has the list of sponsors for ‘AlCircle Expo 2021’. More Exhibitors and more Sponsors on board resemble the opportunity for more business networking, meeting more people (virtually), and gathering more knowledge. So, stop thinking more and join the list now to exhibit your brand and indulge in networking. The event will virtually take place on June 29 & 30, from 9 AM to 5 PM GMT. On a happier note, we are euphoric to announce the updated names who have confirmed their participation as exhibitors & sponsors. To feature your name in this list, reach us at events@alcircle.com Following...
Saudi Arabia’s export of alumina during 2018-20 remains volatile; 262% growth estimated for 2021
The Saudi Arabian Mining Company (Ma’aden) alumina refinery production is fed into Ma'aden’s Smelter. The Smelter’s annual production capacity is 780,000 tonnes per year of primary aluminium. The technology used in Ma’aden’s Smelter is AP Technology. The alumina refinery feedstock comes from large bauxite deposits in the Al Ba’itha mine, which includes the mine as well as the ore-crushing and handling facilities. The mine’s estimated production is 5 million tonnes per year of dry weight bauxite. The ore is then transported via the new North-South railway line to Ras Al Khair Industrial City, feeding the Ma’aden’s Refinery. The plant is the first alumina refinery in the Middle East, with a 1.8 million tonnes production capacity per year. The second-largest country in the Arab world, Saudi...
India: DGTR endorse finance ministry to impose anti-dumping duty on aluminium foil imports
The Directorate General of Trade Remedies (DGTR) of India has endorsed imposing anti-dumping duty on aluminium foils imports from China, Malaysia, Thailand and Indonesia to counterbalance the dent created to domestic industry from cheaper imports. The finance ministry of India has been recommended by DGTR to impose anti-dumping duty of $93.53-$976.99 per tonne on foil, following a year-long investigation. The complaints were filed by Hindalco Industries Ltd, Raviraj Foils Ltd and Jindal India Ltd about the dumping of aluminium foil of 80 microns and below in FY20. However, DGTR disbands the suggestion that Raviraj and Jindal India are importing aluminium foil stock and hence cannot claim the status of domestic industry. It did not incorporate foil stock as a separate anti-dumping...
Alumina weekly recap: Land identification for NALCO’s red mud pond obstructed by residents in Odisha; Australian Securities Exchange grants trading halt to King River Resources ahead release of PFS on Kwinana HPA project
The global aluminium industry’s alumina segment remained heavily eventful this week. National Aluminium Company Limited, Government of India owned integrated and diversified mining, metal and power organisation has been obstructed by residents of a village in Odisha, when government staffs went for identification for red mud pond. While in the world’s sixth-largest country, Australia, the ASX has granted a trading halt to King River Resources ahead of the release of PFS on the Kwinana HPA project. The construction of the alumina refinery with a production capacity of 1 million tonnes per year in the Galang Batang Special Economic Zone has been accomplished, as confirmed by President Director of PT Bintan Alumina Indonesia (BAI), Santoni. To know more:...
Weekly aluminium end-user update: India’s integrated metal producing company ‘Shyam Metalics’ looking to diversify in aluminium foil business; Crown Holdings publishes sustainability report for 2020
India’s leading integrated metal company ‘Shyam Metalics’ has revealed its diversification news and stepping its foot in the aluminium foil industry. The company is the largest producer of ferroalloys in terms of installed capacity in India, as of February 2021. While this week also observed Crown Holdings' release of an interim sustainability report titled "Enduring Values, Continuous Progress”. On the other side, Pakistan Aluminium Beverage Cans Limited (PABC) plans to raise around Rs3.3 billion by offering a 26% stake to institutional and ordinary investors in an initial public offering. The pearl-shaped island nation in South Asia, Sri Lanka recorded 375 tonnes of aluminium cans in 2018-19 and the foreign revenue expended for the import accounted for $1.70 million. The import for 2020...
Unregulated importation of aluminium profiles in Nigeria, killing the local production: Joneay Lei, Rongtai Aluminium
The aluminium producers of the largest economy of Africa, Nigeria and also projected to rank among the world's top ten economies by 2050 are calling out over unregulated importation of aluminium profiles into the country, expressing grief that the method is killing the local production. Joneay Lei, the Deputy Director of Rongtai Aluminium revealed that there are large numbers of traders who import the products and ravage the market by selling them at a very cheap price. “This uncontrolled importation is not helping local production”, Lei said. He further added: “The huge number of small importers of the product is affecting the quality of the product that litters the market.” On the second anniversary event of Rongtai Aluminium, the Deputy Director advocated: “Lack of protection for local...
Pakistan Aluminium Beverage Cans Ltd prepares to raise Rs3.3 billion by offering 26% stake through IPO
On 18th June 2021, a statement is issued that the Pakistan Aluminium Beverage Cans Limited (PABC) plans to raise around Rs3.3 billion by offering a 26% stake to institutional and ordinary investors in an initial public offering (IPO) on the Pakistan Stock Exchange (PSX). On 22nd and 23rd June 2021, the book-building will take place, while the public to be held on 29th and 30th June 2021 The statement said: “The entire offer of 93.8 million ordinary shares, or 26% of the post-IPO shareholding, will be offered through the book-building process at a floor price of Rs35/share. Successful bidders will be provisionally allotted only 75% of the issue size and the remaining shares will be offered to the retail investors at the strike price.” The PABC is expected to raise at least Rs3.3 billion in...
Zimbabwe’s import of aluminium structures during 2019-20 manifests slump; 22% further drop estimated for 2021
On 10th June 2021, the World Bank Zimbabwe Economic Update revealed that Gross Domestic Product (GDP) growth is projected to reach 3.9% in 2021, a significant development after a two-year recession. In 2021, the economic growth will be led by the recovery of agriculture as rains normalize, businesses adjust to limitations caused by the COVID-19 pandemic, and inflation slows down. However, disruptions caused by the pandemic will continue to weigh on economic activity in Zimbabwe, limiting employment growth and improvements in living standards. The landlocked country in southern Africa reported import of 2225 tonnes of aluminium structures during 2019-20 and the expenditure accounted for the import was $6.65 million. Zimbabwe’s import of aluminium structures in 2019 was booked at 1583...
Joseph Carrabba appointed as CEO of ElementUS Minerals LLC
The JV between DADA Holdings and Enervoxa, ElementUS Minerals LLC has appointed Joseph Carrabba as its Chief Executive Officer. ElementUS is developing a processing plant in Gramercy, Louisiana that will extract highly strategic rare earth elements and other crucial minerals from residual bauxite. Mr Carrabba carries over 30 years of executive experience in the natural resources and metals industries. He spent over 20 years in executive leadership at Rio Tinto, holding positions in its North American, Australian, Asian and European operations. Carrabba left Rio Tinto to assume the role of Chairman, President, and CEO of Cliffs Natural Resources, Inc. from 2005 to 2013. In the most recent, Joseph Carrabba has held the role of Executive Chairman at Winston Gold and has served as a director...
India: Integrated metal producing company ‘Shyam Metalics’ looking to diversify in aluminium foil business
The leading integrated metal producing company based in India ‘Shyam Metalics’ with a focus on long steel products and ferroalloys is looking to diversify in the aluminium foil business. The company is the largest producers of ferroalloys in terms of installed capacity in India, as of February 2021 The proposed cold rolling mill for manufacturing aluminium foils will have a capacity of around 40,000 tonnes per annum and is expected to be accomplished by the end of FY-22. According to Brij Bhushan Agarwal, Vice-Chairman and Managing Director: “The aluminium foil business would offer good margins thereby contributing to the profitability of the group. The company is hopeful of the growing exports demand backed by steady order from international markets.
TRIMET initiates operation of casting plant for aluminium sows at Voerde site
In early June 2021, TRIMET at its Voerde aluminium site engaged the freshly installed casting plant for the production of aluminium sows. The Voerde aluminium smelter with an attached anode factory is now capable to produce ingot metal itself. As yet, the site supplied its 99.9% pure electrolytic aluminium exclusively in liquid form to customers and the foundry at TRIMET's Essen site. Dr Andreas Lützerath, a member of the management board of TRIMET Aluminium SE, said: "The casting plant allows greater flexibility, enabling us to meet changing market requirements and customer demands even better. The high metal purity of the cast aluminium also meets the increasing demand from the processing industry." The new plant can cast 20 aluminium sows of 780 kilograms each in an hourly cycle and it...
Japan’s export of aluminium stranded wire during 2018-20 illustrates steady to sharp growth
The world’s third-largest economy, Japan revealed shrink in the economy more than expected in Q1 due to low paced vaccine rollout and new COVID-19 infections stroke hard on spending on items such as dining out and clothes, raising bars the country will straggle behind others emerging from the pandemic. Capital expenditure also dropped unexpectedly and export growth slowed sharply, a sign the country is struggling for drivers to pull it out of the distress. The nation with extraordinary prosperity, Japan has achieved in the conditions of an almost total absence of minerals has recorded export of 5119 tonnes of aluminium stranded wire during 2018-19 and the revenue earnings accounted was $3.13 million. The export for 2020 stood at 9191 tonnes and the earnings remained at $4.24 million....
Canyon Resources: André Henry appointed as Director of Port and Rail for Camalco SA
The developer of the world-class Minim Martap bauxite project in Cameroon, Canyon Resources Limited has appointed André Henry as Director of Port and Rail, for Camalco SA. Camalco SA is the 100% owned Cameroonian entity that holds the authorizations for Canyon Resources Minim Martap Bauxite Project in Cameroon, counted as one of the highest-grade bauxite deposits globally. André has been consulting to Canyon for the last 6 months. André Henry, as Director of Port and Rail, joins Camalco Director-General Rick Smith in Cameroon, and, upon an invitation from Camrail, is based in the Camrail office near the port of Douala. Lately, André and Rick both held senior management positions in the construction of the $1.4 billion GAC bauxite project in Guinea. In conjunction with Camalco’s technical...
EU, US consent to settle aluminium and steel tariffs dispute by end of 2021
The trade disputes between the EU and US concerning tariffs on aluminium and steel will be resolved by the end of 2021 as agreed by both parties. The deal of Boeing and Airbus tariff to suspend for five years had been reached ahead to the meeting in Brussels, while an agreement on tariffs on exports of aluminium and steel remain too far this time around. Ursula von der Leyen, President of European Commission said following the summit: “A steel tariffs ‘working group’ will be established to make good progress in moving forward within months.” The trade differences pre-exist to the administration of former US President Donald Trump who, in March 2018, decided to impose extra tariffs on EU exports of aluminium and steel entering the US market. The duties were set at 25% on steel and 10% on...
