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.
Aluminium smelter technology developer EGA keen to invest in Indonesia, signs MoU with Inalum
The largest aluminium producer in the GCC region, Emirates Global Aluminium (EGA) has inked a memorandum of understanding (MoU) with PT Inalum (Persero), the largest primary aluminium producer in Indonesia, concerning a strategic alliance to upgrade Inalum's aluminium by 400,000 tonnes per year. However, this needs to be realised that the memorandum of understanding is a make-sure action to Indonesian President Joko Widodo's visit to UAE in November 2021. Husin Bagis, the Indonesian Ambassador to UAE down rightly appreciated the signing of the cooperation between the two aluminium production giants of the two nations. The Ambassador in his official statement said, “The EGA-Inalum cooperation is highly expected because the President has declared the importance of mineral down streaming for...
German aluminium tube maker Tubex acquires Hungary’s Matrametal
The German aluminium tube manufacturer with a presence of more than 70 years, Tubex GmbH has taken possession of a Hungarian company in the business of producing aluminium aerosol cans and aluminium tubes Matrametal. However, as of now, the terms of Tubex’s acquisition deal for Sirtok, Hungary based firm Matrametal have not been revealed. Tubex, as a manufacturing company produces aluminium aerosol cans, aluminium tubes, aluminium cartridges and plastic tubes for the cosmetics industry, as well as for pharma, food and technology. Dr Cornelius Grupp, the Managing Director of Tubex Holding said, “The acquisition of Matrametal complements the strategic orientation of the Tubex Group in terms of location, customers and market.” Now, with the acquisition of aluminium packing specialist firm...
Sansera Engineering in the vicinity to secure aluminium forging components supply deal from BMW Motorrad
The Bengaluru, India headquartered, a high precision component producer, Sansera Engineering is in the vicinity to bag its first order from BMW Motorrad worth around INR 300-400 crore towards the supply of aluminium forging components, according to the industry experts. However, the deal from the motorcycle brand BMW will be a testament to the organization’s capability to produce small aluminium forged components and probable support it secures more high-value orders from other promising global customers. Furthermore, apart from the incremental business, the deal for high margin aluminium forged components will append to its bottom line. As per our report from the industry experts, the official declaration is anticipated to happen within the next 7 days. Sansera’s order book reveals...
European Aluminium Industry: How the future unfurls
The last few months has been tumultuous and yet interesting for the European Aluminium industry. The shortage of aluminium in the European market has propelled the regional prices to spike and then navigated to a fluctuating mode, which in turn has created opportunities for commodity traders to book profits while shipping the metal from warehouses thousands of miles away. In the last few months, large trading houses have loaded aluminium into break-bulk vessels destined for Europe from a Southeast Asian country. The trade would usually be unprofitable, but European buyers are willing to pay higher prices to get metal, offsetting the cost of the trade. Since the start of 2022, the price of European aluminium has increased by about 15%, surpassing its previous high of October 2021. It has...
GCC’s eminent aluminium players Alba and EGA sign MoU to explore production opportunities
On 31 st March 2022, the first aluminium smelter in the Middle East region which commenced its commercial operations in 1971, Aluminium Bahrain B.S.C. (Alba), has signed a Memorandum of Understanding (MoU) with Emirates Global Aluminium (EGA), the leader in global aluminium production, as well as one of the largest companies in the UAE to explore opportunities for further increase its production. Shaikh Daij bin Salman bin Daij Al Khalifa, the Chairman of the Board at Alba and His Excellency Saeed Mohammed Al Tayer, the Vice Chairman of EGA witnessed the signing formalities of the agreement at Expo 2020 Dubai in the presence of EGA Board member Musabbeh Al Kaabi, Alba’s Chief Executive Officer Ali Al Baqali, EGA Chief Executive Officer Abdulnasser Bin Kalban, Alba’s Chief Supply Officer...
Cambodia’s import demand for aluminium bar rods and profiles during 2019-21 excels; 8% growth expected for 2022
The economy of Cambodia is projected to grow at around 5.6% in 2022 and significantly gain prospective growth in the medium term, supported by global demand and a gradual comeback in investor confidence. Aluminium bar rods and profiles are extensively used in the transportation, construction and aviation sector entitled to their excellent strength to weight ratio. The Southeast Asian nation, Cambodia imported 22,215 tonnes of aluminium bar rods and profiles during 2019-21, which accounted for an expenditure of around $69.41 million from the import. In 2019, Cambodia’s import demand witnessed an import of 6217 tonnes of aluminium bar rods and profiles, attracting foreign revenue expenditure of $16.22 million, whereas, in 2020 the import exhibited growth by 20.05%, as the import volume...
Taha International Corporation stands with Bahrain’s commitment to attaining net-zero carbon emissions
The world’s leading aluminium dross processing company, Taha International Corporation has praised Bahrain’s commitment to achieving net-zero carbon emissions by 2060. Patrick Pollmann, the Group CEO of Taha International Corporation commented while speaking at the ‘Industrial Sector's Role in Achieving Net-Zero Carbon’ forum, organized by the Environment Committee of the Alwane Bahrain Society said, “It is evident how serious the Kingdom is in its endeavour to achieve net-zero carbon by 2060, as announced by the government.” He also pointed out that the strategies of Aluminium Bahrain (Alba) in this field are at par with international standards and serve as a role model for major industrial companies around the world. The forum was patronized by the Minister of Industry, Commerce and...
Czech Republic's export of aluminium foil during 2019-21 displays constant downfall; a negligible decline of 0.28% forecasted for 2022
Aluminium foil is one of the ready products that is used in many homes for food storage, to cover baking surfaces and to wrap foods, like meats, to prevent them from eluding moisture while cooking. Furthermore, aluminium foil may be utilized to wrap and protect more delicate foods such as vegetables, when grilling them. The usage of foil doesn't restrict to food only, it can also be used to fix windows to retain the house cool during summer and hot during winter. The Central European nation, the Czech Republic, whose economy is envisioned to pursue recovery in 2022 and the GDP growth to excel by 4%, exported 52,533 tonnes of aluminium foil during 2019-21, incurring revenue earnings of around $169.06 million. The Czech Republic, a notable industrialized country in Europe exported 18,898...
Rio Tinto upgrades aluminium recycling production capacity at Laterrière facility
The global industry leader in responsible aluminium production, Rio Tinto has commissioned a new remelt furnace at its Laterrière facility, by appending 22,000 metric tonnes of recycling capacity to its aluminium operations in the Saguenay – Lac-Saint-Jean region of Quebec, Canada. The production expansion project worth with investment of $8.4-million has been accomplished over two years to offer rolled product customers in the North American automotive and packaging industries a new sustainable supply solution combining low-carbon and recycled aluminium. The remelting furnace at the Rio Tinto’s Laterrière plant is provisioned with highly efficient burners to shrink its carbon footprint. However, it has been notified that the expansion project has created seven new jobs. Sébastien Ross,...
Alvance Aluminium Duffel switches to green, transports rolled products by barge
The European leader in the manufacture and sale of aluminium rolled products for diverse industries worldwide ALVANCE Aluminium Duffel has enacted a fresh course of action which will see it transporting aluminium rolled products by barge to the port of Antwerp. The sustainable transport initiative will minimize the company’s road transport activity destined for the Port of Antwerp by 72 %, saving no less than 56,000 road kilometres per year. Sustainability remains ALVANCE’s fundamental activity and this project will contribute to their efforts of diminishing the CO2 footprint of their products. Now by diverting to barges the company will save around 62 tonnes of CO2 emissions per year, which is the equivalent of 16 Flemish households, making the company’s supply chain even more...
Venezuela’s export of aluminium scrap during 2019-21 demonstrates escalation; 24% dip estimated for 2022
The year 2021 has been economically challenged for most of the countries worldwide, with the Covid pandemic propelling a drastic impact. Venezuela, as a country was no exception to it, however, the nation in 2022 is creating hopes to clean the dark clouds in the economic sector following its 2014 recession. The economy of Venezuela primarily encircles around the petroleum sector that is managed by the state and delineates as the first natural wealth of the country. Furthermore, other salient industries contributing to the economy are construction equipment, iron, steel, aluminium, engine components assembly, food and textile. The recycling of aluminium is stated as the repurposing of used aluminium. Because of it being a metal, it can be melted and used again by the industries that entail...
End-user weekly recap: ELYSIS scales up its liaison with Apple; JinkoSolar bags two separate deals plans to invest $3.3 billion
In general, there are around eight segments of manufacturing that extensively use aluminium like transport and automobiles, building and construction, packaging, consumer durables, machinery and equipment, electrical, electronics and defence. The end-user segment of the global aluminium sector has witnessed an enterprising week, as it has been revealed that Apple Inc., invested $4.7 billion in the form of green bonds which have supported revitalizing the development of new low-carbon manufacturing and recycling technologies. Apple is procuring direct carbon-free aluminium following a major advancement in smelting technology to reduce emissions. Jiangxi Jinko unveiled two separate deals inked with counterparties comprising municipal governments and regional bodies in both Qinghai and...
Romanian aluminium firm ALRO SA reported consolidated turnover of RON 3.5 billion in 2021
On 25 th March 2022, the Romanian integrated aluminium company, ALRO S.A. publicised its consolidated and separate financial statements for the year ended 31 st December 2021. ALRO Group, one of the largest aluminium producers of Europe registered a turnover of RON 3.5 billion up from RON 2.5 billion in 2020. Alro booked a net profit of RON 26 million in 2021, compared to a net profit of RON 335 million in 2020. The increased turnover for both the Group and ALRO was the result of a favourable trend of the aluminium quotations on the London Metal Exchange (LME) as well as of the constantly higher demand for the high and very high value-added products of the Group, with a focus on aluminium for aerospace industries, general engineering, and consumer products. Marian NĂSTASE, the Chairperson...
New Zealand govt. withdraws $60 million subsidy from Tiwai Point aluminium smelter
The New Zealand government has withdrawn a composite subsidy worth about $60 million, from the Rio Tinto majority-owned Tiwai Point aluminium smelter in Southland. A freshly released cabinet paper has unveiled that James Shaw, the Minister of Climate Change had demanded the government to accept this measure late in 2021. The subsidy phrased that the New Zealand government provides 934,400 free units per year under the Emissions Trading Scheme (ETS) to the aluminium smelter as part of an electricity allocation drive. Now the companies have to capitulate a fixed number of these units, presently priced at $75 based on their emissions, with each unit roughly translating to a tonne of carbon dioxide. However, some large emitters and large power users possess some free units allocated each year...
Oman’s import of aluminium structures during 2019-22 resembles continuous downfall
The metal aluminium is a very expedient product due to its malleability and elasticity than steel. The green metal aluminium can enter places and be moulded to shapes that steel cannot form in deeper or more complicated spinning, particularly for components with deep and straight walls, aluminium is always the material of choice. As the Govt. of Oman’s finances keeps improving on higher oil prices in 2021 and average oil prices are likely to be much higher than the levels estimated in the 2022 budget, incorporated with state incentives for businesses, there is a brighter outlook towards the year ahead for the Kingdom. The Gulf Nation Oman imported 5787 tonnes of aluminium structures during 2019-21, accounting for outflowing of foreign revenue at $32.59 million for the import. The Western...
Nalco bags Golden Peacock Award in the category of sustainability
The Indian state-owned integrated aluminium company NALCO (National Aluminium Company Ltd) has been awarded as the national winner of the ‘Golden Peacock Award’ for its sustainability in commendation of its persistent concern on sustainable mining and environment-friendly executions. On 23rd March 2022, Sridhar Patra, the Chairman Cum-Managing Director of Nalco, received the award in a virtual session organised by the Institute of Directors (IOD). In 1991, initiated by the Institute of Directors (IOD), Golden Peacock Award are now regarded as a benchmark of Corporate Excellence worldwide. Mr Patra praised the employees for their relentless commitment towards sustainability drive and environment management practices. The CMD further added, "This award is testimony to the high standards...
ELYSIS scales up its liaison with Apple; technology giant invests $4.7 billion in green bonds
On 24 th March 2022, the American multinational technology giant, Apple Inc. which specializes in consumer electronics, and is an early associate of ELYSIS alongside Alcoa and Rio Tinto, announced it will use ELYSIS aluminium in its new iPhone SE. However, this announcement is exciting news for the industry and demonstrates once again the major shift ELYSIS is modelling to make the aluminium industry more sustainable. Vincent Christ, the CEO of ELYSIS said, “This is the first time aluminium has been produced at this commercial purity, without any greenhouse gas emission and at industrial scale. The sale to Apple confirms the market’s interest in aluminium produced using our breakthrough ELYSIS carbon-free smelting technology. Today’s announcement proves that ELYSIS, a joint venture...
Non-ferrous metal recycler Romco Group announces record-breaking FY21 results
On 18 th March 2022, the international metals recycler, Romco Group which produces clean and sustainable essential metals that decarbonise the global supply chain declares its record-breaking financial and operational results for 2021. A strong Q4 performance for the company triggers to be a record year for Romco, with a 330% jump in Y-o-Y revenue. The production level soared by 194% following upgrades to Romco’s facilities, which now consist of 7 furnaces including a new facility in Ghana and two copper furnaces. Ramco's track record for delivering rapid, profitable growth was recently reinforced by a $6.2m Series A equity round based on the valuation of $180m. However, the capital raise forms part of an ongoing fundraising strategy that is supercharging expansion and revenue growth....
