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.
Govt. of India: Vehicle scrappage policy coming soon, aluminium recycling credible to drop the price of automobiles
On 7 th May’20 the Minister of Road Transport and Highways, Govt. of India, Nitin Gadkari stated that the "vehicle scrappage policy" will be finalised and implemented very soon to stimulate the Indian automobile sector. Gadkari said in a video conference with the members of SIAM (Society of Indian Automobile Manufacturers) Institute over the impact of COVID-19 on the automobile sector: "The scrapping policy will be finalised soon. It is going to boost the industry. It is going to reduce the production cost. Yesterday also, I discussed with the Secretary and we will make it as early as possible." The Finance Minister of India in February’20 said: “A policy for the scrapping of old vehicles is in the works and will be announced after concerned ministries fine-tune it.” The long time waiting...
Amid “COVID-19” epidemic: USA and UK initiate new trade talks to secure quick deal, odd over tariffs imposed on aluminium
The United States and the United Kingdom initiated formal negotiations on a free trade agreement on 5 th May’20, assuring to work quickly to obtain a deal that could prevent the worst economic impacts of COVID-19. The discussions will be conducted virtually and include over 300 US and UK officials in nearly 30 negotiating groups. US Trade Representative Rob Lighthizer and UK Trade Minister Liz Truss are leading the efforts. On 5 th May’20, they issued a joint statement: "We will undertake negotiations at an accelerated pace and have committed the resources necessary to progress at a fast pace.” "A Free Trade Agreement would contribute to the long-term health of our economies, which is vitally important as we recover from the challenges posed by COVID-19.” The first round of talks began as...
Rio Tinto supports “Royal Flying Doctor Service” to build an aeromedical training hub in Queensland
Rio Tinto and The Royal Flying Doctor Service (RFDS) has entered into a new partnership that will help out the Bundaberg region of Queensland in becoming a training ground for aeromedical professionals from across Australia. Rio Tinto has assured $1.25 million to RFDS Queensland over five years, underlining the company’s commitment to the health and wellbeing of Queenslanders and to providing resources to combat the effects of the COVID-19 pandemic. The funding will not only enhance the remote delivery of primary health care and mental health services across the state, but it will also contribute to the construction of a world-class Aeromedical Retrieval Simulation Hub in Bundaberg. The hub will use virtual and augmented reality and high-fidelity immersive training scenarios to attract...
“COVID-19” impact: Fitch Ratings demotes Rusal to 'B+'; Outlook remains Stable
Fitch Ratings has demoted Russian-based aluminium company United company RUSAL Plc's (Rusal) Long-Term Issuer Default Rating (IDR) to 'B+' from 'BB-'. The agency has also downgraded Rusal Capital D.A.C.'s senior unsecured notes rating to 'B+' from 'BB-'. The Outlook on Long-Term IDR remains Stable. The moment Rusal entered the COVID-19 pandemic and that in return received a global downturn with high leverage that makes it more susceptible to external shocks. Its debt burden has been high since the purchase of the NN stake in 2008 without meaningful debt reduction over the last three years. The downgrade reflected the expectation of a further delay in deleveraging with funds from operations (FFO) gross and net leverage remaining materially above our previous negative sensitivities of 3.5x...
France export market of Aluminium wire exhibits strong and steady during 2017-20
Aluminium wire in power transmission and distribution applications is still the preferred material today, aluminium conducts electricity safely. Utility companies use aluminium wire for electrical transmission in power grids as it has a cost and weight advantages over copper wires. Aluminium wire is also used for power wiring of some aeroplanes. The aluminium wire export market of France has been showcasing strong and steady during 2017-20. The export volume has been recorded 143,739 tonnes during 2017-19 and revenue generated stood $245.70 million. The projected export for 2020 has been analyzed at 44,431 tonnes and income to be generated might reach to $101.69, the highest figure in revenue generation within the last four years. When the 2020 export volume and revenue gets added with...
Australian Bauxite observes Tasmanian job augmentation through a cement grade deal
Australian Bauxite Ltd. declared that its negotiations for its next cement grade shipment were well advanced, as a bauxite miner is working towards a Tasmanian job augmentation through a cement grade shipment deal. ABx stated in its March quarterly report: "The potential for early commencement of production and delivery to port is being considered by stakeholders to create new jobs in Northern Tasmania and maximize the benefits of reduced fuel costs.” It has also been said that the new orders had been secured for fertilizer grade bauxite as agricultural demand soared. The quarter incorporated supplying an urgent order of 700 tonnes of fertilizer grade bauxite from its Bald Hill project at Campbell Town to Impact Fertilisers in Hobart. The company is also working towards potential mining...
Canada – United States Trade: Aluminum at the nucleus of the turbulence
On 1 st July’20, the new version of NAFTA to come into force and the Canadian aluminium industry is paying attention to following a recent decision of the US Commerce Department to execute a mechanism monitoring of aluminium exports to the United States. The movement initiated post the American Primary Aluminum Association (APAA) lobbied the Trump administration and ran a media campaign in which it directly denounced an alleged increase in Canadian aluminium exports to the United States. The decision of the United States Department of Commerce, which fell on April 29, should make it possible to establish a surveillance mechanism modelled on that which exists for steel exports. The measure was also welcomed by the APAA in a press release published on Monday. APAA attacks on the Canadian...
Element 13: An American start-up aluminium billet company looks to create job opportunity in Richmond
An American start-up company that will make aluminium billets is looking to set up its shed in the Midwest Industrial Park, bringing 30 new jobs to the city of Richmond. On 4 th May’20, Richmond Common Council approved a series of tax abatement ordinances for Element 13 LLC that gets its name from the atomic number for aluminium. The Economic Development Corporation of Wayne County has been working with the Element 13 ownership team and the company's consultant since early last fall. Element 13 plans to acquire about 15.5 acres in the industrial park at the intersection of Round Barn and Gaar Jackson roads, just southeast of Blue Buffalo. A purchase agreement for the land will be reviewed by the EDC's board for possible approval at its next meeting on May 11. The board also will consider...
Rio Tinto stands committed to Southland Ouvea depose
Stewart Hamilton, CEO, Tiwai Point: “Aluminium manufacturer Rio Tinto does not own a hazardous substance being stored in Southland warehouses, but the company remains committed to its removal despite not being in a position to store the product at Tiwai Point, New Zealand Aluminium Smelter” Stewart Hamilton quoted the above lines while responding a letter from Environment Minister David Parker, where Parker said: “he was considering legal action against the owner of the Tiwai Point aluminium smelter over its failure to deal with its hazardous waste.” Ouvea premix gives off ammonia gas when it is wet, and the Mataura building housing was threatened by floodwaters in February. The potential of an environmental disaster prompted Gore District Council chief executive Steve Parry to strike a...
The Aluminium Bar Rods and Profiles importation market of Colombia is expanding as shown during 2017-20
The Republic of Colombia is a country largely situated in the north of South America, with territories in North America. The economy of Colombia is the fourth largest in Latin America as measured by gross domestic product. Colombia has experienced a historic economic boom over the last decade. Petroleum is Colombia's main export, making over 45% of Colombia's exports. Manufacturing makes up nearly 12% of Colombia's exports and grows at a rate of over 10% a year. Modern industries like shipbuilding, electronics, automobile, tourism, construction, and mining, grew dramatically during the 2000s and 2010s. The major trading nation for Columbia’s Aluminium bar rods & profiles has been with multiple countries like Belgium, Chile, China, Ecuador, Germany, India, Italy, Netherlands, Panama,...
“Jamaicans should take stock of the costs and benefits of the bauxite/alumina industry”: Michael Stewart, MP
Michael Stewart, Member of Parliament for Manchester Southern says: “Jamaicans should take stock of the costs and benefits of the bauxite/alumina industry,” following more bitter complaints about its negative effects. The residents of Rose Hill on the Manchester Plateau, at the heart of Stewart's constituency, protested by blocking trucks carrying bauxite ore and appealing for help with dust pollution and noise irritancies activated by bauxite mining near to their homes. The residents expressed their anger by saying that there was no consultation with them before the start of the mining as on 2 nd May’20, in the immediate locality of their homes. After meeting the protestors Stewart said: “This has been happening for too long now; we have to wonder if the industry is worth all this...
The “Corona” outbreak: German suppliers to Airbus might run out of business, including aluminium firms
The head of German Aerospace Industries Association (BDLI) has sent a warning that many of the country’s SME suppliers could run out of business unless Airbus maintains at least half its pre-crisis output over the next two years. Volker Thum, Managing Director of BDLI said: “Germany’s aerospace sector has boomed by riding back of Airbus’s commercial growth, with around a third of its production in the country that is now threatened by the coronavirus outbreak.” <iframe width="500" height="300" src="https://www.youtube.com/embed/PH37muoOlFk" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> He also said: “Unless we can guarantee a minimum delivery level for Airbus, a whole industry that has been built over 40 years...
The Aluminium scrap export of Israel has been “Sky-Rocketing” during 2017-20
The economy of Israel is a highly advanced free-market, primarily knowledge-based economy. The prosperity of Israel's advanced economy allows the country to have a sophisticated welfare state, a modern infrastructure, and a high-technology sector competitively on par with Silicon Valley. Israel has the second-largest number of start-up companies in the world after the United States and the third-largest number of NASDAQ-listed companies after the U.S. and China. The aluminium scrap export of Israel has been found sky-rocketing during 2017-19 as the total export volume was recorded at 131,205 tonnes and the revenue earned stood at $197.02 million. The projected analysis for 2020 has been recorded at 61,840 tonnes and the income might inflate to $108.33 million. When the export volume and...
Owners of Aluminium manufacturer “Aludium” to acquire Permasteelisa
Lixil Group Corporation, the Japanese owners of Permasteelisa has made public that it is selling the company to US firm Atlas holdings, the owners of Aludium. Lixil Group has been trying to offload the multinational – the UK’s largest envelope specialist by turnover – for several years, with financial authorities in the US blocking its proposed 2017 sale to Chinese firm Grandland. The value of the new deal is yet to be disclosed. Connecticut-based Atlas Holdings’ describes its investment strategy as “buying and investing in firms undergoing complex operational and financial challenges”. It owns 20 companies, incorporating aluminium manufacturer Aludium. In a statement, Lixil Group said: “The sale is part of its strategy to simplify its business structure and reduce risk exposure in its...
Rio Tinto: Hands-out $10 million to support COVID-19 community across Canada and the United States
Rio Tinto came out with open hands to support local community efforts to fight COVID-19 and its social and economic impacts. The metals and mining giant is contributing $10 million in a multiple of grassroots projects across Canada and the United States. Rio Tinto has taken its stance from the delivery of critical equipment for people working in hospitals to providing practical support to communities and families. The company is contributing to efforts by our partners to help fight the pandemic. Rio Tinto is also supporting projects that maintain and create regional economic development, which is vital for the long-term prosperity of communities where it operates across Canada and the United States. Rio Tinto Chief Executive J-S Jacques said: “Rio Tinto is proud to play our part in...
American Senators knock the door of Donald Trump to address administrative failure over Chinese aluminium excess capacity
The US senators Patty Murray and Maria Cantwell and Representative Suzan Delbene and Rick Larsen have forwarded a letter to President Donald Trump, marking out the administrative failure towards competently addressing Chinese aluminium excess capacity and seek it to emphasize resolving this issue. The excess aluminium capacity of China has weakened prices in the worldwide market and has equally dented US businesses and workers, mostly in the state of Washington. The Lawmakers wrote: “We have a shared interest in addressing unfair trading practices and protecting American jobs in the domestic aluminium industry, but it is clear that your current policies are not working. Two years later, excess capacity in China is still a serious problem for the American aluminium industry.” <iframe...
The uneven movement of Finland’s Aluminium ingot importation market during 2017-20
Finland is a Northern European nation bordering Sweden, Norway and Russia. Its capital, Helsinki, occupies a peninsula and surrounding islands in the Baltic Sea. The economy of Finland is a highly industrialised, mixed economy with a per capita output similar to that of other western European economies such as France, Germany and the United Kingdom. The largest sector of Finland's economy is services industry, followed by manufacturing and refining. Concerning foreign trade, the key economic sector is manufacturing. The largest industries are electronics, machinery, vehicles and other engineered metal products, forest industry, and chemicals. Finland’s aluminium ingot import market has been recorded strong though with uneven movement. The total import during 2017-19 has been recorded at...
Mahindra Roxor tooled with Mattracks and Aluminium drive sprockets makes it better for rough terrains
India’s one of the leading automaker Mahindra & Mahindra, is selling its brand Roxor in the United States with a slew of aftermarket options as it can be customized to suit the requirements of the buyers, as the accessories range from new decals to wraps. The Roxor competes against mainly All-Terrain Vehicles from Kawasaki and Polaris as it is classified under the off-highway category mainly for domestic use. The Roxor caters most to the farmers and as many as seven paint schemes are offered with it. It also gets options for the grille, tires, shock absorbers, bumper, front hook, seat covers, winch, stinger, snowploughing, windshield, enclosure, and much more. The Mattracks fitted version is significantly costlier than the standard Roxor. The ZRX Roxor Tracks can be installed at the...
