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.
Triumph Tiger 850 Sport to fire Indian roads in 2021, usage of lightweight aluminium reduces weight by 7 kg
In November’20, Triumph Tiger 850 was showcased and it will be launched in India this year. It will be the entry-level adventure bike in the company's portfolio and will be powered by 888 cc engine. The launch of Tiger 850 Sport in the Indian market is projected to take place before mid-2021. The price of the bike is expected to start from INR 1 million (ex-showroom). The Triumph Tiger 850 Sport comes with an 888 cc three-cylinder engine with a T-plane crankshaft putting down 84 bhp at 8,500 rpm and 82 Nm at 6m500 rpm. In total 10 bhp and 5Nm less in comparison to Tiger 900 model. It has a six-speed gearbox with slip and assists clutch. The motorcycle features ride-by-wire throttle and comes with two different riding modes i.e. Rain and Road. Triumph Tiger 850 is tooled with a five-inch...
Australia’s import of Aluminium structures during 2018-20 exhibits plunge; expenditure rises to billion dollars
The Australian economy bounced back strongly in the third quarter from a COVID-19 induced recession as consumer spending surged through the country’s top central banker signalled monetary policy will stay accommodative for a while. The largest country in Oceania has recorded with 114,809 tonnes of aluminium structures during 2018-19 and the revenue expenditure occurs for the import stood at $1.24 billion. The import for 2020 remained at 34,659 tonnes and the expenditure stood at $1.01 billion. However, when the import volume and expenditure of 2020 gets added with the existing two years, it signifies 149,468 tonnes and $2.25 billion respectively. Australia’s import of aluminium structures in 2018 stood at 73,401 tonnes and the expenditure remained at $0.56 billion, whereas, in 2019, the...
Elvalhalcor Hellenic Copper and Aluminium Industry S A secure double distinction at "Business Awards Hrima"
ElvalHalcor, the leading global industrial producer of aluminium and copper products headquartered in Greece, received 1st place in the 'Globalization' award category and the 2nd award ''Best International Activities Company' at the 'Business Awards Hrima 2020'. 'Business Awards Hrima' is recognized by the business and investment community as a renowned institution of annual evaluation for the listed companies on the Athens Stock Exchange. It has been for the 18th consecutive year, the investment community, readers of the financial-investment ''Hrima'' magazine, as well as visitors of the business-financial portal, banks.com.gr, highlighted and rewarded companies that contribute effectively to the growth of the national economy, employment and the Greek capital market. ElvalHalcor ranks...
IMS being developed for multiple sectors, including aluminium: Ministry of Commerce and Industry, Govt. of India
On 30 th December’20, the Ministry of Commerce and Industry said import monitoring system is being developed for multiple sectors and it also includes aluminium among others. The import monitoring system would support to accumulate advanced information on imports of the listed products and make it accessible to the stakeholders, comprising government and domestic industries. However, the system is already in place for steel and coal. While enlisting remarkable highlights of Department of Commerce for 2020, the ministry said: "Import monitoring system (IMS) is being developed for aluminium, copper, footwear, furniture, paper, sports goods, gym equipment etc.” It has been reported that about a 1.3 lakh Certificate of Origin has been issued through an electronic platform, for trade...
Mexico’s import of Aluminium Tubes or Pipes fittings during 2018-20 unveils steady growth after a sharp downfall
The Central Bank of Mexico (Banxico) surprised most investors in its last monetary policy meeting, which was held on 12 th November’20, by holding the policy rate steady at 4.25%. The pause did not signal the end of the easing cycle, which has accumulated 400bp in rate cuts. But, as per ING Financial Services, the pause suggested that some months would be needed for policymakers to reassess the economic outlook before adjusting the policy rate once again if needed. The LATAM nation’s import of aluminium tubes or pipes fittings during 2018-19 records at 17,095 tonnes and the expenditure stood at $243.97 million. The import for 2020 remains at 6172 tonnes and the expenditure stands at $156.30. However, when the import volume and expenditure for 2020 gets summed with the preceding two years,...
PT Alumina Borneo Indonesia begins the construction of the Smelter Grade Alumina Refinery
On 28 th December, PT Alumina Borneo Indonesia (BAI) commenced the construction of the Smelter Grade Alumina Refinery (SGAR) in Bukit Batu Village, Sungai Kunyit District in Indonesia. The SGAR development plan has been prepared in recent years. This first pole planting for the project was led by the H Sutarmidji, Governor of West Kalimantan, via a virtual platform. The first piling ceremony of the SGAR development project was also witnessed by representatives of the Ministry of BUMN and the Ministry of Energy and Mineral Resources, the Regent of Mempawah, Hj Erlina SH MH, Deputy Regent, H Muhammad Pagi, Muspida Pemkab Mempawah, Directors of PT BAI, Directors of PT Alumina, and other guests. "The West Kalimantan Provincial Government fully supports the construction of SGAR in Bukit Batu...
Vedanta bags Radhikapur West Coal Block, an advantage for its Jharsuguda Aluminium Smelter
Vedanta, a subsidiary of Vedanta Resources and also India’s largest producer of aluminium has cropped up as the highest bidder for the Radhikapur West coal block, located in Angul district, Odisha. The coal is just at a distance of about 190 km from Vedanta’s Jharsuguda Aluminium Smelter. The coal block is ideally fit for the Jharsuguda aluminium smelter considering its logistical location and annual capacity. The total reserves of the mine remain at 312 million, while the extraction capacity approval per annum stands at 6 million tonnes. The mine once becomes operation will deliver fuel security, enhance power availability and further strengthen the Vedanta's Aluminium and Power operations and performance. The announcement was made on 30 th December’20 post the market hours. The smelter...
Recap 2020: The COVID-19 impact on global Bauxite segment and red mud utilization
The data analytics and consulting company, headquartered in London, GlobalData Plc in April’20 reported that bauxite miners generally been unaffected, with the major producing countries of Australia, Guinea and Brazil were yet to announce the closure of mines at that time and mines in China have almost resumed operations to pre-Covid-19 lockdown levels. In Australia, several states have imposed a ban on workers travelling from interstate unless they are critical, and this has led to many miners housing as many of their FIFO workers as possible onsite. In India, another major producer of bauxite kept it exempt from the country’s first phase of 21-day COVID-19 pandemic lockdown. However, in August’20, Globadata reported that the global bauxite mine production hardly to get effected by the...
Kazakhstan’s import of Aluminium Bar Rods and Profiles during 2018-19 manifests enterprising growth; 2020 reveals marginal rise
As per the World Bank report, the COVID-19 shock to Kazakhstan’s economy is considered as the biggest in two decades. It has been for the first time since the late 1990s Kazakhstan’s economy to 3% in 2020 with a moderate recovery by 2.5% in 2021. The Central Asian nation’s import of aluminium bar rods and profiles during 2018-19 has recorded 16,968 tonnes and the expenditure occurred for the import remained at $55.08 million. The import for 2020 is marked at 9917 tonnes and the revenue expenditure to remain at $34.20 million. However, when the import volume and expenditure of 2020 gets assorted with the existing two years, it denotes 26,885 tonnes and $89.28 million respectively. Kazakhstan’s import of aluminium bar rods and profiles in 2018 stood at 7090 tonnes and the expenditure...
Bauxite mining resumes in Dominican Republic, ship leaves from Pedernales to USA
It has been after long five years without mining activity, the initial test ship left for the United States loaded with bauxite on 29 th December’20 from the port of Cabo Rojo in Pedernales. As per our report, the port of Cabo Rojo regained economic life with a ship that took 9000 tonnes of Bauxite to Alabama. At the dock, dozens of workers were observed showing their encouragement that Pedernales is reactivated in mining. While the workers were shouldering their responsibilities at the warehouses and transfer of the brown material, it was verified that the personnel had protective equipment, the trucks used tarps and the dust was permanently quenched on the dock, to protect the environment. Since the Dovemco mining company was paralyzed in 2015, this is the first bauxite shipping done...
Elon Musk’s Tesla EV all set to begin its Indian journey in 2021; research on aluminium-ion batteries is ongoing: Minister of Road Transport and Highways, Govt. of India
Tesla Inc., the American electric vehicle and clean energy company will start operations in India early next year, as commented by Nitin Gadkari, Minister of Road Transport and Highways, Govt. of India. Tesla is considered as the world’s most valuable automobile company, evaluated as more than double the combined value of Toyota, Ford and General Motors. Elon Musk, while commenting on Tesla EV’s Indian journey, stated that definitely, it will be 2021, but not the early part of the year. Gadkari said: “Tesla would first start by selling its cars in India. The India price of the Tesla Model 3 should be in the INR 55-60 lakh range and depending upon the response, maybe look at assembly and manufacturing operations as well.” The Transport Minister added: “India is going to become a number one...
Bolivia’s export of Aluminium scrap during 2018-20 unfolds growth
The COVID-19 pandemic in Bolivia appeared amid an economic and political crisis as a result of the failed presidential elections of October 2019. Although timely measures were adopted to face the pandemic at the beginning of the outbreak and that, in effect, it did slow down the initial increase of the epidemiological curve, later it became impossible to stop the exponential growth of cases and finally, the health care system collapsed exposing its deficient structure. The lockdown paralyzed activities and many people lost their jobs; livelihoods were partially or destroyed which resulted in a loss of income for many. The economy faced a supply shock followed by a demand shock because the level of household consumption dropped. The government has now started to re-open the economy and has...
REEL International inks an agreement to acquire Metso Outotec’s Aluminium business
On 28 th December’20, the French industrial group specializing in complex handling and lifting systems and integrated systems solutions, REEL International SAS has signed an agreement to acquire Metso Outotec Oyj (Finland) aluminium business. REEL, the leader in handling and lifting systems, now with this acquisition will add to its offering green anode plant, anode rodding shop and casting equipment along with related services, thus becoming a leading technology provider in the global aluminium industry. However, the value of the deal is yet to be revealed. The acquired business serves aluminium smelters worldwide and stands at the top position in the production of anodes required in the aluminium smelting process. It’s leading Green Anode Plant and Anode Rodding shop technologies are...
Aluminium car components can be tested in a short span with new Norwegian computer tools: A research by University of Agder
The new computer tool facilitates the production of car components, while the properties of the materials from which the car parts are made will be as the big car manufacturers want it to be. The system can calculate stiffness, strength and stability and the calculations that used to take months can now be done away within a few days or weeks. However, the car manufacturers have strict requirements for safe and precise production and to meet these requirements, subcontractors use computer-aided models for construction and simulation. These are used to predict the product properties of the car parts during and after casting and during use. Professor Geir Grasmo, Professor of construction materials at the University of Agder and has led a research project that has developed new modelling...
Armenia’s import of Aluminium Foil during 2018-19 shows de-growth; import for 2020 marks 8.70% growth
The COVID-19 outbreak has been the reason for serious political and socio-economic problems in many countries, including Armenia. Even before the COVID-19 pandemic hit the country, acting Prime Minister Nikol Pashinyan had an intense political struggle with representatives of former political elites who lost power as a result of the 2018 Velvet Revolution. While the chances of the ousted elite making a return to power were minimal, the COVID-19-induced socio-economic crisis has created a more conducive situation. The former Russian Republic has recorded the import of aluminium foil during 2018-19 was 5156 tonnes and the expenditure accounted for the import remained at $18.24 million. The import for 2020 is marked to stand at 2248 tonnes and the expenditures to remain at $7.84 million....
Abu Dhabi: Khalifa Port South Quay commences operation with first shipment carrying Bauxite destined for EGA’s Alumina refinery
Abu Dhabi Ports’ flagship Khalifa Port commenced its South Quay operations with the newly launched facility. The first shipment carrying bauxite harboured at the new port is destined for Emirates Global Aluminium (EGA)’s Al-Taweelah alumina refinery. Alfred Oldendorff, the bulk carrier, the first in several shipments to the South Quay for EGA, was promptly followed by two large general cargo consignments, making use of the recently completed first phase of South Quay, offering a total of 650 meters of quay wall comprising two berths and 37,000 square meters of the terminal yard. In addition to its nearby quay, which began receiving Capesize vessels loaded with bauxite in 2019, EGA will also use the South Quay. Saif Al-Mazrouei, Head of Ports Cluster, Abu Dhabi Ports, said: “Abu Dhabi...
Recap 2020: The “Corona crisis” and the impact on global Aluminium downstream segment
The aluminium sector is crucial to the modern economies and it supplies a wide range of highly distinguished products, from the intermediate semis required for many high-tech industries to parts and components for final applications. The most important impact of innovation in Aluminium will be on the social system like lessening energy consumption and protecting environmental pollution. The COVID-19 pandemic developed a profound impact on manufacturing operations, prices collapsed, demand fell, operational activities curtailed, and capital projects reviewed. Hereby, we look into the impact of the pandemic on global aluminium downstream segment: Aluminium Rheinfelden solicited for protective shield proceedings The German-based Aluminium Rheinfelden applied for protective shield proceedings...
Andhra Pradesh state govt. considers buying out Rakia’s stake in Anrak Aluminium venture
The Andhra Pradesh state government in India is considering acquiring the Ras-Al-Khaimah Investment Authority’s (Rakia’s) stake in Anrak Aluminium joint venture. This is an effort to settle the dispute after several years under international arbitration. However, the state government lately commissioned a committee of senior officials headed by its mining secretary Gopala Krishna Dwivedi to prospect multiple options to settle the arbitration proceedings by Rakia against India. The other options being scouted include refunding of Rakia’s investment through the Andhra Pradesh Mineral Development Corporation (APMDC), facilitating bauxite supplies to Anrak’s Alumina refinery project, or an ‘out of court’ settlement with the UAE entity. A senior official in the state’s mines and geology...
