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: Research experts develop an aluminium alloy strong and easily malleable concurrently for usage in automotive industry
In the central part of Austria lies Leoben City, where research experts with a new heat treatment develop an aluminium alloy strong and easily malleable concurrently. This unique light material can therefore be utilized regularly in the automotive industry. The three vital requirements that auto manufacturers place on the body shell are lightweight, very strong and easily malleable at the same time. The metal aluminium is around three times lighter than conventional steel, but the increase in strength is unfortunately usually associated with a decrease in formability. Researchers in Leoben have found a way to make aluminium alloys more easily deformable while maintaining high strength. The battle is for every gram, as for car manufacturers, the specifications for reducing CO2 emissions...
Poland’s import of aluminium cans during 2019-20 records downfall; 14% drop estimated for 2021
The economy of Poland bounced backed strongly in Q3 after a sharp fall in economic activity in H1 2020. Real GDP grew by 7.9% Q-o-Q, primarily steered by a steep rebound in household consumption and a rise in exports, which empowered the trade balance. The economy pursued strong support into Q4 2020, but a surge in new Covid-19 infections and the reintroduction of restrictions to control the pandemic restrained the economic activity towards the end of the year, especially in the services sector. The Central European nation, Poland recorded an import of 54,872 tonnes of aluminium cans during 2019-20 and the expenditure occurred for the import was accounted for $262.79 million. In 2019, the import of aluminium cans remained at 29,630 tonnes and the expenditure counted was $138.75 million,...
Mytilineos to divest from PPC for power supply at Aluminium of Greece
The Greek business magnate and the chairman of the board of directors of Mytilineos Holdings, Evangelos Mytilineos announced that the agreement of Mytilineos with the biggest electric power company in Greece, PPC for the new and last contract for the supply of electricity at Aluminum of Greece during the regular annual general meeting of the shareholders of the listed company. The Chairman and CEO of the organization outlined that the agreement was satisfactory for both parties, marking down it will last until 2023 and highlighted that it will be the final in the 60 years of operation of the factory in Agios Nikolaos, Boeotia. Evangelos Mytilineos said: “We are divesting from PPC, something we were afraid to do for years.” He further added that post-2023 the plant will cover the...
PT Bintan Alumina Indonesia: Construction of 1 million tonnes capacity alumina refinery in Galang Batang Special Economic Zone accomplished
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. The bauxite to alumina processing plant with 98% content has already completed its commissioning period. On 15th June, Santoni said: “The results of the production trial are good. We can already produce full production in June.” He expressed his gratitude to all stakeholders who have supported the development of the Galang Batang SEZ. PT Bintan Alumina Indonesia (BAI) is a Business Entity for the Development and Management of the Galang Batang SEZ in Bintan, Riau Islands Province. “Now we are building another Alumina Refinery with a capacity of 1...
Australian Securities Exchange grants trading halt to King River Resources ahead release of PFS on Kwinana HPA project
The Australian Securities Exchange (ASX) has granted a trading halt to King River Resources ahead of the release of a pre-feasibility study (PFS) on its Kwinana High Purity Alumina project. As per our information, the trading halt will prevail in place till the commencement of regular trade on 17th June 2021 or when an announcement is unveiled to the market, whichever happens early. Como Engineers, the company’s contractors have accomplished the engineering studies to deliver detailed capital and operating cost estimates for the Kwinana HPA PFS. Como is concluding the engineering report as well as the layout graphics for inclusion while FTI Consulting accomplished the economic-financial model. The company has pursued scanning with government agencies and private owners for a suitable...
Low-carbon aluminium to play a vital role unfolding Korea’s carbon neutral strategy: En+ Group
The world’s largest producer of low-carbon aluminium, En+ Group in conjunction with its metal segment represented by RUSAL has published research showing the vital role low-carbon aluminium will have to play to avoid embedded emissions spiralling under Korea’s Carbon Neutral Strategy. The paper forecasts a boom for the country’s downstream aluminium producers but warns of the need to transition to low-carbon sourcing as green industries in Korea increasingly look to align supply chains for products with their climate mission. Illustrating on market data analysis, the paper highlights an expected 20 % rise in aluminium demand in Korea between 2020 and 2025, reaching 1972 kt by the middle of the decade. The significant increase is driven by the rapid growth of carbon-sensitive industries...
Tanzania’s import of aluminium foil during 2018-20 reveals express to a steady rise in demand
The economy of Tanzania has prospered comparatively better than its regional peers, while the growth lost a bit of pace. The real gross domestic product (GDP) growth rate fell from 5.8% in 2019 to an estimated 2.0% in 2020, and per capita growth turned negative for the first time in more than 25 years. The East African nation’s import of aluminium foil during 2018-19 revealed 2462 tonnes and the revenue expended for the import accounted for $7.14 million. The import for 2020 stood at 2927 tonnes and the expenditure stood at $8.15 million. However, when the import volume and export of 2020 gets added to the exiting two years, it denotes 5389 tonnes and $15.29 million respectively. In 2018, Tanzania’s import of aluminium foil was recorded at 230 tonnes only and the expenditure occurred for...
India: Maruti Suzuki Toyotsu vehicle dismantling and recycling venture to propel from July 2021
Indian market leader in the four-wheeler automotive segment, Maruti Suzuki and the trading arm of Japanese auto giant Toyota Motors, Toyota Tsusho's vehicle dismantling and recycling joint venture which is labelled as Maruti Suzuki Toyotsu India Private Limited (MSTI), located in Noida, Uttar Pradesh, is gearing to propel from July 2021. The joint venture, MSTI is equally owned by both the companies in equal equity percentage. As per the information gathered, the centre at Noida is all set and some trials were on. However, in 2019, the joint venture was publicised, while the operations were to supposed commence during the last financial year. An official stated: “Because of Covid it is a bit behind schedule. The operations are expected to start from July and right now trials are on. To...
Doni Monardo replaces Agus Tjahajana Wirakusumah as President Commissioner of Inalum
The former Indonesian National Board for Disaster Management (BNPB) chief Doni Monardo, and who is also a retired Army Lieutenant General of the Indonesian National Armed Forces (Indoneisan National Military), has been appointed as President Commissioner of state-owned, PT Indonesia Asahan Aluminium (Inalum) specialized in aluminium smelting. Doni Morando is replacing Agus Tjahajana Wirakusumah, who has been named President Commissioner of state-owned Indonesia Battery Corporation (IBC). The retired Army Lieutenant General’s dynamic encouragement towards the environment was adduced as the rationale for his appointment. On 11th June 2021, Erick Thohir, Minister of State-Owned Enterprises (SOEs), said: “His concern for and his work in environmental restoration make him the appropriate...
Guinea: CBG rolls out its new visual identity for better communication
On 11th June 2021, the largest single producer of bauxite in the world, Compagnie des Bauxites de Guinée (CBG) declared the official launch of its new visual identity. The launch event was witnessed by the directors of the company, major players of the Guinean mining world, several diplomats, the Guinean media and also representatives of the Guinean State. It took place in a hotel complex in Conakry. It was emphasised by the projection of an institutional video, which explains “How the CBG does much more than bauxite, and how it is the most Guinean of the mining companies in Guinea”, as commented by Director General of CBZ, Mr Souleymane Traoré during the intervention of the representative of the Guinean government, and a discussion session with media professionals. Mr Traoré explained:...
Sri Lanka’s import of aluminium cans during 2018-20 displays rapid growth
The economy of Sri Lanka has been envisioned with a significant growth by the Asian Development Bank’s (ADB) flagship annual economic publication as the domestic and global economic activity strengthens and vaccination campaigns gather momentum domestically and abroad. The pearl-shaped island nation in South Asia 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 stood at 2440 tonnes and the expenditure remained at $2.90 million. However, when the import volume and expenditure of 2020 gets added with the existing two years, it denotes 2815 tonnes and $4.60 million respectively. Sri Lanka’s import of aluminium cans in 2018 was registered at 123 tonnes only, and the expenditure was $0.71 million,...
Land identification for NALCO’s red mud pond obstructed by residents in Odisha
The Dengajaniguda village in Odisha under Dasamantpur block of Koraput district witnessed restlessness as local inhabitants obstructed the government revenue officials from pin-pointing land for Nalco’s red mud pond. It has been reported that since 11th June 2021, the villagers are geared up with arms, following the information floated to them that Nalco was planning to develop a second red mud pond in the area. As an industrial waste, red mud is generated during the processing of bauxite into alumina using the Bayer process and, while it comprises various oxide compounds, including iron oxides that deliver the red colour. Red mud highly toxic metals and its high alkaline nature make it terrifically corrosive and damaging to soil and life forms, presenting a massive problem for disposal....
NZAS seeks govt. assurance to cover unforeseen costs for Mataura aluminium dross back to Tiwai Point
The New Zealand Government countered choking up more than $10 million to dispose of 10,000 tonnes of perilous waste from the banks of the Mataura River in Southland. However, the Rio Tinto owned Tiwai Point Aluminium Smelter Company said it will never demand money. The freshly released documents exhibit that NZAS would only concur to store the Mataura river banks waste back at Tiwai Point if, only the New Zealand Government deliver a guarantee, or indemnity, to cover unforeseen costs, for example having to store it for longer than expected if it could not be exported easily. In January 2021, Grant Robertson, Finance Minister said: "New Zealand Aluminium Smelters have advised that they are unwilling to agree to provide the storage services without an indemnity.” "The total maximum value of...
Alba initiates its First ESC campaign ‘Achieving the Balance’
On 13th June 2021, Aluminium Bahrain B.S.C. (Alba) initiated its first-of-its-kind Campaign ‘Achieving the Balance’ that emphasis on Environment, Social and Governance (ESG) matters. Alba joins its peers in the GCC to mark the ESG Week under the umbrella of the Gulf Aluminium Council (GAC) with the launch of this campaign. Alba’s ESG Campaign ‘Achieving the Balance’ will be held virtually until 17th June 2021 and focus on its sustainable initiatives that are sequenced with Bahrain’s Economic Vision 2030. Ali Al Baqali, Alba’s Chief Executive Officer, while speaking about the ESG campaign said: “Global challenges such as Climate Change, Environment Conservation, Clean Energy and COVID-19 pandemic have prompted a sense of urgency to rebalance ESG matters.” “In Alba, we want to be the ESG...
Weekly Alumina recap: FYI Resources recognize ESG framework for high-purity alumina refining; Brazil’s exports of alumina decline by 7.81% YoY in May
FYI Resources Ltd., the innovative and vertically integrated high quality, high-purity alumina developer, recognises the significance of the ESG platform. The emerging high-purity alumina producer in Australia has revealed its adaptation of an Environmental, Social and Governance (ESG) framework, positioning with the 21 core metrics and disclosure requirements developed by the World Economic Forum. On the other part of the world, alumina exports from Brazil in May 2021 declined after registering a hike in April. Exports dropped by 7.81% from the same period last year. The Australian listed resources company that is focused on developing an innovative and vertically integrated high quality, high-purity alumina for use in various high growth tech applications, FYI Resources Ltd. recognises...
British spring water brand launch ‘Re:Water’, bottles made from 100% recycled aluminium
The British water business Berrington Water lately debuted Re:Water, a drinks product that comes in a reusable bottle made from 100% recycled aluminium and which again is 100% recyclable. Spring water business Berrington Water recently launched Re:Water, a drinks brand that comes in a reusable bottle made from 100% recycled aluminium and which is itself 100% recyclable. We caught up with Re:Water cofounder and Berrington Water Director Matt Crocker to hear more. On 11th June 2021, the British spring water brand Re:Water was served to global leaders at the G7 Summit. The gathering prioritizes the entail to ‘build back better’ post-COVID to ‘create a greener, more prosperous future, the decision to ditch single-use plastics at the event is a reflection of both political ambition and public...
Aluminium downstream weekly recap: Salzburg Aluminium expands in Canada and US, opens new sales office; Transatlantic metals, other trade dispute needs to end: European Union
The downstream aluminium sector witnessed another eventful week. The European leader for manufacturing high-quality aluminium components for the automotive sector, Salzburg Aluminium, reported its expansion in Canada and United States, opening a new office in Toronto and Charlotte. While the European Union voiced days ahead of Joe Biden’s visit to Brussels, it is time for the United States to compose definitive commitments to conclude transatlantic trade tensions. Hindalco Industries Limited has raised its aluminium products price after cutting it on Friday, 04 June. With effect from Saturday 05 June 2021, aluminium billets price stands at INR 211,850 per tonne, up to INR 1,750 per tonne or 0.83% from INR 210,100 per tonne on June 4. To know more:...
En+ Group’s Executive Chairman Lord Barker appointed as Co-Chair of World Bank’s Carbon Pricing Leadership Coalition
On 11th June 2021, the largest producer of low-carbon aluminium and biggest independent renewable energy generator, En+ Group announced that Executive Chairman Lord Barker of Battle has been appointed Co-Chair of the Carbon Pricing Leadership Coalition (CPLC). The Carbon Pricing Leadership Coalition, administered by World Bank Group, is a voluntary partnership, working to catalyse action towards the successful implementation of universal carbon pricing with the common goal of limiting atmospheric carbon emissions and reducing the effects of climate change. In 2015, on the opening day of the Paris Climate Conference (COP21), the Coalition was launched and brings together more than 300 members, including 34 governments, 172 global companies and 100 strategic partners representing a...
