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THINK ALUMINIUM THINK AL CIRCLE
The global aluminium industry has witnessed some exciting events throughout August 2022. The H1 2022 reports are gradually getting published, and most companies have reported profits showcasing better margins, despite the news of significant production cuts from Europe due to the energy crisis. The month has also witnessed a few pieces of information on facilities planning to shut down. Indian billionaire Gautam Adani’s Adani Enterprises, a wholly owned subsidiary of Adani Group, has received approval to build a 4 MTPA alumina refinery and 175 MW captive power plant in Odisha. By late 2021 and in the early months of 2022, Slovalco had already decreased its production rate by 40 per cent from its actual yearly capacity of 175,000 tonnes of primary aluminium. Hydro has decided to shut down primary aluminium production in Slovakia, while aluminium recycling operations remain continuing.
According to the China Customs data, the country’s bauxite imports in June 2022 stood at 9.42 million tonnes, down by 21.4 per cent month-on-month and 7.1 per cent year-on-year. Compared with May 2022, China’s bauxite imports in June fell by 2.56 million tonnes and failed to continue the monthly imports above 10 million tonnes as recorded in previous months.
The Indian multinational conglomerate, Adani Group, which already operates ports, airstrips, mining development and gas distribution businesses in Odisha, has received approval from the state government for building an alumina refinery. This would be the third alumina refinery in the region since Aditya Birla's Hindalco has already set up a unit in the area and received approval for a second one near Kashipur.
To know more: https://www.alcircle.com/news/adani-group-to-invest-5-billion-in-odisha-to-set-up-an-alumina-refinery-83243
Slovalco Aluminium, Slovakia’s only aluminium producer, is about to terminate its primary aluminium production line by the end of September 2022. Hydro owns majority stakes at the aluminium plant and has declared that the regular recycling operations will continue. This administrative decision was taken due to heightened energy prices and a haphazard working condition of the plant, which portrayed no signs of retribution in the upcoming few years.
European aluminium smelters have once again ramped up their production cuts owing to soaring electricity prices. By 2021, 1 million tonnes of total 4.5 million tonnes of Europe’s aluminium production capacity has been reduced, while another 500,000 tonnes are under threat, according to Citi analysts. A few weeks ago, a dramatic rise in natural gas prices was reported, showing no possibility for Europe’s inflation battle to ease.
To know more: https://www.alcircle.com/news/production-vs-reduction-european-aluminium-smelters-being-victim-to-energy-price-surge-83391
European Aluminium, an industry association in Brussels, is reportedly preparing its member companies to take part in electric vehicles and alternative energy markets, considering aluminium the “base metal for the green transition”. Alternative energy and electric vehicle market contribute leading factors to the growth in the European aluminium market.
On Sunday, August 7, a fire broke out at Novelis Italia S.p.A., a metalworking business located in Pieve Emanuele (Milan). As per the reports, the fire was caused due to an accidental release of aluminium casting. The aluminium casting spill was taken care of by 10 fire brigades from Milan’s provincial command. Apart from this, 118 medical personnel, 4 ambulances and carabinieri from the San Donato Company were also at the site.
To know more: https://www.alcircle.com/news/a-year-later-novelis-italia-reports-another-major-fire-outbreak-of-a-similar-nature-82207
On Thursday, August 4, Ball Corporation, the world’s leading sustainable aluminium packaging provider, officially declared its plans to shut down the beverage cans plant located on Saint Paul’s West Side. The company also announced that the tentative time of ending the operations at St. Paul would be next spring, and it would lay off about 110 workers.
To know more: https://www.alcircle.com/news/ball-corporation-plans-to-close-its-st-paul-aluminium-beverage-cans-facility-82199
On Tuesday, August 23, Mr Kumar Mangalam Birla announced at the 63rd Annual General Meeting of Hindalco Industries that the company developed India’s first all-aluminium railway wagon. The railway rake made from lightweight, high-strength aluminium alloys is 180-190 tonnes lighter than a steel rake.
To know more: https://www.alcircle.com/news/hindalco-builds-indias-first-all-aluminium-railway-rake-says-kumar-mangalam-in-63rd-agm-83367
The global mining and metal giant Rio Tinto announced the construction of a new aluminium recycling facility at its Arvida plant in Saguenay-Lac-St-Jean, Quebec. This new investment will cost around C$35 million (US$29 million), with an initial capacity of 30,000 tonnes per year. This investment will make the Anglo-Australian multinational company the first producer of primary aluminium in North America that use recycled post-consumer aluminium into alloys.
To know more: https://www.alcircle.com/news/arvida-recycling-facility-to-expand-rio-tinto-s-low-carbon-aluminium-products-83400
Connecticut Metal, North America’s leading recycler of aluminium foil and laminate scraps, reportedly recycled more than 50,000 tonnes of aluminium-containing materials at its Ansonia facility. Foil, paper, and polymer laminates used in the food, drug, and cosmetics sectors were recovered at this facility, which opened in 2010. Connecticut Metal initially specialised in laminates made of aluminium foil. The business created a unique procedure to remove metal from paper and plastic substrates.
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