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.
Magnitude 7 Metals aluminium smelter losing hope even after Donald Trump’s import tariff on aluminium, Corona-virus attack also a cause
Magnitude 7 Metals LLC, a 50-year-old aluminium smelter on the banks of the Mississippi in southeastern Missouri, is losing money in all means that it might close down within the next 60 days, as per one of the senior executive of the plant. In 2018, the bankrupted aluminium smelter was re-opened, followed US President Donald Trump’s additional tariffs imposed on aluminium importation. The tariffs generally do not cover the value-added aluminium products being shipped to the United States by overseas competitors, undercutting the company's position. Magnitude 7 Metals, CEO, Charles Reali said: “The rest of the world has gamed the tariffs, in our opinion. The Commerce Department tried to help, but missed the mark." The formidable outlook for Magnitude 7 has been worsening by the...
Rio Tinto signs a historic agreement with Cheslatta Carrier Nation in support towards economic development of the community
Rio Tinto, which developed a reservoir to power the aluminium smelter in Kitimat, B.C., has signed a New Day agreement with the Cheslatta Nation, promoting the social and economic well-being of the Cheslatta. Rio Tinto’s Kitimat aluminium smelter relies on electricity generated at its hydro-electric plant at Kemano, about 80km from the town. The development of the community will be through training, employment, business opportunities and environmental stewardship. Cheslatta Chief, Corrina Leween, said: "To create a sustainable economy for the present and the future generations are the biggest benefits that I see out of the agreement.” "We were always hopeful that we would see this day and it has happened." Leween also said: “Cheslatta students will also have access to scholarships, with...
CHINALCO’s first shipment from Boffa Bauxite project arrives in China
The discharge ceremony for the first shipment of bauxite from Chinalco’s Boffa bauxite project in Guinea was held in the Rizhao port in Shandong province on 26 th February’20. The company announced that the transportation mission was completed by M.V. QU SHAN HAI under COSCO Shipping bulk, which has marked a new milestone of achievement by Chinalco’s Boffa Project. The ceremony was held online via video conference so as to prevail the standards of COVID-19 prevention and control policies. The relevant executives of COSCO SHIPPING Bulk, CHINALCO, and Shandong Port Group attended the ceremony in Guangzhou, Beijing, and Rizhao, respectively. The successful berthing and cargo discharging of M.V. QU SHAN HAI marked the first achievement made jointly by COSCO SHIPPING and CHINALCO under their...
Russia’s export of Aluminium crude metal and alloy to the US was in constant dwindle during May-Oct’19
Russia’s export to the US in regards to aluminium crude metal and alloy has been observed to be going through a continuous dwindle in May-Oct’19. The total export volume to the US stood at 59,127 tonnes during May-Oct’19, whereas the export volume during Jan-Oct’19 was recorded at 129,000 tonnes. During the same phase preceding the year 2018 Russia’s export to the US was up by 152,000 tonnes, a rise of 54.09% and the total volume was 281,000 tonnes. In May’19 the Russian export of aluminium crude metal and alloys was accounted at 18,800 tonnes, while in June’19 it was recorded at 23,200 tonnes, a growth of 23.40% and by volume excess, it stood at 4,400 tonnes. The Russian export to the US in July’19 was recorded havoc with total export volume stood at 5260 tonnes, which is 77.32% downfall...
24th cycle Can Collection Day observed in UAE: Emirates Environmental Group
On 27 th February’20, school children, members of the corporate community and the hospitality industry together came up to observe the 24 th cycle of Aluminium can collection day in UAE. In a single day, pre-identified collection points across the country collected around 5,325 kg of aluminium cans. Emirates Environmental Group (EEG) organised this annual national event of Can Collection Day, the first-of-its-kind environmental NGO in the UAE. The motto of the event this year was: “Don’t throw it away. Recycle it for another day.” The annual activity made people come from all walks of life together. The public sector and private sector entities both came in join hands with the EEG to obstruct used aluminium cans from using to landfills, which damage the environment and leads the cause of...
NICIL Guyana pays February salaries to sacked Rusal owned BCGI workers
The National Industrial and Commercial Investments Limited (NICIL), a Government of Guyana holding company, has paid the salaries for February to the 326 workers sacked by the Rusal-owned Bauxite Company of Guyana Inc (BCGI). RUSAL, one of the world’s largest producers of aluminium has suspended its bauxite mining operation in Guyana Lewis Lincoln, the General Secretary of the Guyana Bauxite and General Workers Union (GB&GWU) communicated those 326 workers who not being employed for February, the union sought to reach out to the government and requested assistance to lessen the hardships they have been facing. Lincoln also added that the request was granted and workers were paid their monthly pay following their scales.
Once India’s largest manufacturer of Aluminum foil packaging material “Ess Dee Aluminium” in bankruptcy court
Ess Dee Aluminium Ltd., which once acquired the three sick units of India Foils a decade ago, has capitulated to insolvency itself. The National Company Law Tribunal’s (NCLT) Kolkata bench has ordered the initiation of a corporate insolvency resolution procedure against Ess Dee Aluminium Ltd, once used to be a major producer of aluminium foil used in the pharmaceutical industry. The Indian financial giant, State Bank of India has applied the NCLT to start CIRP against Ess Dee Aluminium Ltd. for failing to discharge its debt obligation of INR. 469.84 crore. The Calcutta bench which comprises of Madan B. Gosavi and Virendra Kumar Gupta has admitted the case and appointed an interim resolution professional (RP)to start up the process. According to the Indian Insolvency and Bankruptcy Code,...
Aluminium wheeled Husqvarna Bikes launched in India by Bajaj Auto
On 25 th February’2020, Bajaj Auto published the prices the Husqvarna twin bikes in India – Svartpilen 250 and Vitpilen 250, with introductory prices starting at INR. 180,000 (ex-showroom). The twin models of Husqvarna are equipped with 17” cast aluminium wheels, dual-channel ABS, LED headlight and taillight. The fuel-injected 250cc machine is geared up with liquid-cooled, single-cylinder and 4-stroke DOHC engine. The bikes weigh 153 and 154 kg and have a fuel tank capacity of 9.5 litres. Husqvarna Motorcycles will be available for sale from the KTM showrooms from the early next month, which is upgraded to sell both KTM and Husqvarna brands. Husqvarna is a Swedish premium motorcycle brand and also one of the oldest motorcycle brands in the world. It is a part of the KTM Group and has...
Lotte Aluminium to invest in an aluminium anode foils production plant in Hungary
On 25 th February’20, Lotte Aluminium, the largest comprehensive aluminium packaging material company of South Korea, made public that it will invest aluminium anode foils production plant for secondary batteries in Hungary. Lotte Aluminium plans to invest KRW 110 billion in an industrial complex in Tatabanya, Hungary. The plant is projected to complete within the first 6 months of 2021 to produce aluminium anode foils for secondary batteries, to use equipped in eco-friendly electric vehicles. The rise of global eco-friendly policies to regulate the reduction of carbon dioxide emissions of automobiles will be tightened further, especially in the EU, to 81g CO2/km in 2025, making most internal combustion engine cars subject to regulation. As an outcome, the electric vehicle market is...
NALCO’s Damanjodi Alumina Refinery to get a new crusher and conveyor system: Foundation stone laid by Minister of Mines, India
The Minister of Mines, India, Pralhad Joshi on 25 th February’20 laid the foundation stone of Crusher and Conveyor System at NALCO’s Mining & Refinery (M&R) Complex in Damanjodi, Odisha. The new system will feed bauxite for the 5 th stream of Alumina refinery of the company. The estimated cost would be around INR.483 crore and expected to be completed by April’22. While interacting with the employees of NALCO at M&R Complex in Damanjodi after laying the foundation stone, the Minister of Mines of India Mr Joshi said: “We as a country aim to reach a $5 trillion economy by 2024 and I am sure NALCO will be a success story in this growth trajectory.” The minister also visited Panchpatmali bauxite mine located in the Koraput district, the largest bauxite mine in Asia, having a bauxite deposit...
Honor debuts MagicBook 14 and 15 notebooks with Aluminium chassis
Huawei’s subsidiary company Honor debuts its own MagicBook 14 and MagicBook 15 notebooks with aluminium body. The Honor notebooks look quite similar to Huawei’s machines, though the newborn is tooled up exclusively with AMD Ryzen APU. Generally, Honor is known for stylish designs of their products, and MagicBook 14 and MagicBook 15 laptops are no exception. Both machines come in similar aluminium chassis with Mystic Silver or Space Gray finish as well as blue accents on the edges. The names of the notebooks suggest the systems feature 14-inch and 15.6-inch IPS display panels, with both panels offering Full-HD (1920x1080) resolutions. Since the bodies of the new MagicBooks are very similar to the chassis used by Huawei’s MateBook Ds, the dimensions of the machines end up being the same:...
The rapid downfall of US import of Aluminium Metals and alloys, crude from Argentina during May – Oct’19
The US import of Metals and alloys, crude from Argentina has been showing a continuous de-growth. The total import volume from January – October’19 stood at 102,000 tonnes, whereas the import volume during the same phase the previous year was recorded at 146,000 tonnes, a downfall of 30.13% and by volume 44,000 tonnes. The total import from Argentina during May – Oct’19 stood at 47,420 tonnes only. The month of May’19 the import recorded was 20,300 tonnes, whereas in June’19 the import was at 15,100 tonnes, a decline of 25.61% and by volume of 5200 tonnes. The US imports Metals and alloys, crude from Argentina in July had shown a steep fall by 74.17%, the total export volume was 3900, a deficit by 11,200 tonnes from its previous month. The de-growth continued even in August’19 with total...
The Aluminum Association applauds incorporation of Aluminum import tracking System in the US commerce department budget
The US commerce department’s International Trade Administration (ITA) confirms its recently published congressional budget estimate for the fiscal year 2021 plan is to “to develop a new system to track imports of aluminium products and provide an early warning system for import surges.” ITA details the tracking system as an “Aluminum Import Monitoring and Analysis program”. This will support the government officials and the industry to better identify trends in trade flows and address aluminium miss-classification, trans-shipment, and evasion of duties. The Aluminum Association has long supported the creation of a formal aluminium import monitoring system. In October 2019, the Congressional Aluminum Caucus sent a letter to Commerce Secretary Wilbur Ross endorsing the program. The Commerce...
Alumina Ltd. of Australia publishes annual result for 2019: Net profit after tax recorded US$ 326.6 million
Alumina Ltd. Australia, the investor in bauxite mining and alumina refining through Alcoa World Alumina & Chemicals (AWAC), today made public a statutory net profit after tax of US$ 214.0 million for the full-year to 31 December 2019, whereas after excluding significant itineraries, the net profit after tax was US$ 326.6 million. The company declared a final dividend of US 3.6 cents per share. Mike Ferraro, CEO, Alumina Ltd. said: “This is a strong result, reflecting the Company’s ability to generate impressive returns for shareholders through the cycle. AWAC’s full-year alumina production was a record for the current portfolio and the cash cost of production fell by 7%. The quality of the AWAC assets was demonstrated through its cash margin of US$126 per tonne for the year. Alumina...
Europe’s largest aluminium producer Alro Group declared a loss of 68 million lei
Alro Group, by production capacity, one of the biggest aluminium producers in Europe, accounted for a combined turnover of 2.8 billion lei in 2019. The preliminary financial results were made public today. The company has posted a 7% downfall and a net loss of 68 million lei, in comparison to a profit of 233 million lei in 2018. The group concluded the year 2019 with an EBIT of 99 million lei. The reason behind the downfall was the impact of several unfavourable factors, domestic and international like trade conflicts, excess production, lower levels of demand, listing on the London Stock Exchange and higher utility prices during 2019. Marian Năstase, President of the ALRO Board of Directors said: "Although we have continued, throughout 2019, to develop, produce and sell high and very...
Rio Tinto’s subsidiary Pacific Aluminium has reported a net loss of $46 million concerning its NZ Aluminium Smelter for 2019
Pacific Aluminium the subsidiary of Rio Tinto has announced a net loss of $46 million with its interest in the New Zealand Aluminium Smelter for the year 2019. Pacific Aluminium holds 79% shareholding in New Zealand’s Aluminium Smelter, and say: “the loss is a result of consistently lower and volatile aluminium prices, coupled with uncompetitive energy prices. Aluminium prices were 15% lower during 2019 than the prior year, averaging $US1791 a tonne.” The CEO of NZAS, Stew Hamilton said: “the result underscored the reasons for the strategic review at Tiwai Point smelter, which last year made $NZ422 million in payments to New Zealand suppliers, including $NZ58 million to suppliers in Southland.” NZAS smelter is considered one of the two smelters in the world producing ultra-high purity...
The US Aluminium scrap export to Malaysia is riding high from May’19 – Oct’19
The US aluminium scrap export to Malaysia has been riding high from May-Oct’19 with total export volume stood at 158,200 tonnes. The aluminium scrap export to Malaysia in May’19 was recorded at 20,200 tonnes, whereas in June’19 it stood at 21,400 tonnes, a rise of 5.88%, with more than 1200 tones. The month of July’19 showed a bit de-growth by 7.47%, with a total volume of export accounted for 19,800 tonnes, a deficit by volume of 1600 tonnes. Again in August’19, the US export of aluminium scrap stood at 25,800 tonnes, a rise by 30.30% and the excess volume stood at 6000 tonnes. The scrap export in September’19 stood at 30,900 tonnes, with an increase in volume by 5,100 tonnes, a growth by 19.76% from the preceding month. The aluminium scrap export market to Malaysia in August’19 &...
Chinese Association rejects EU’s Aluminium firms’ dumping complaints
On 22 nd February’20, China’s metal association said “A European Union probe into whether China is dumping aluminium extrusions is a result of “internal” factors at the companies that complained and Chinese producers should not have to bear the consequences”. The extruded aluminium is enormously used in transport, construction and electronics. China is undoubtedly the world’s largest producer of aluminium and its extrusions had already been encountered by anti-dumping duties in the USA, Canada, Australia and Vietnam. The China Nonferrous Metals Industry Association said: “China’s aluminium extrusion products have not caused damage to the EU’s relevant industries and there is no dumping in Europe.” The association also stressed that Chinese firms benefited from advanced technology and cost...
