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THINK ALUMINIUM THINK AL CIRCLE
The global aluminium value chain is still going through rough patches, which the industry thought dissimilar at the beginning of the year. The year 2022 started with a positive note that the worldwide manufacturing sector is rebounding from the dent of the Covid pandemic. Although the shortage of gas and the challenge of the steep rise in energy prices spilt over from 2021, still hope remained high. The geopolitical crisis has now stirred the issue to the worst phase, which the world did not envision.
The sanctions of Russia have created a great impact on the global aluminium market, as the Russian aluminium giant holds a 6% stake in the global aluminium production and also it is one of the leading producers of low carbon aluminium. However, the LME price remained on the downside during April 2022, but the prediction for the future is analysed vice-versa. Rusal's Chairman Bernard Zonneveld delivers a statement regarding the situation in Ukraine by stating, “Rusal is a multinational company, our employees work across 5 continents in 20 countries, including Ukraine. Being interested in putting an end to the conflict in this European country as quickly as possible, we are closely watching the events there, in the hope that this horror and tragedy will finally stop."
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Rusal has transported its first bauxite shipment from its Guinean mines in over a month, according to an analysis revealed by Refinitiv shipping data on 6th April. A vessel had left Guinea's Kamsar port on 5th April after being loaded by a trans-shipping vessel that claimed of working for Rusal.
To know more: https://www.alcircle.com/news/rusal-exports-first-bauxite-shipment-from-guinea-since-march-12-78045
In the second quarter (Q2) of 2022, the global alumina market is envisaged to be in a state of uncertainty, as the after-effects of the Russia-Ukraine conflict and a slew of interconnected variables threaten to shift supply and demand fundamentals.
To know more: https://www.alcircle.com/news/global-alumina-market-may-experience-disrupting-q2-due-to-the-ukraine-russia-stand-off-79141
Following the military coup in the West African nation, Guinea, which is now ruled by the interim government and recognized as the world’s highest exporter of bauxite, has demanded from international mining organizations for submission of plans for bauxite production to generate alumina within the nation by May 2022.
To know more: https://www.alcircle.com/news/guinea-govt-petitions-bauxite-firms-to-submit-proposals-for-local-refining-by-may-78074
Segregated from the power networks of any other country, Iceland in 2021 winter did face a unique problem of running out of electricity. The Icelanders who used to merely live on fishing for their livelihood were fortunate enough to witness the emergence of a large aluminium-smelting industry fifty years ago on their soil, which usually yields ample wealth for the entire community.
To know more: https://www.alcircle.com/news/despite-power-shortage-iceland-continued-supplying-electricity-to-three-aluminium-smelters-78084
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.
Vedanta Limited, a globally diversified natural resources company announced on Thursday, March 31, that its board of directors had approved plans to procure 580 MW of renewable energy (RE) for the company's operations in India. This power source has the potential to prevent around 2.7 million tonnes of GHG emissions from entering the environment once it is operational.
To know more: https://www.alcircle.com/news/vedanta-to-procure-580-mw-of-renewable-energy-moving-closer-to-achieve-its-net-zero-carbon-78033
Niche Fusina Rolled Products S.r.l. (Niche Fusina), a newly conjugated Italian company commissioned under partners of DADA Holdings LLC (DADA), Concord Resources Limited (Concord) and Invitalia-Agenzia Nazionale per l’attrazione degli investment e lo sviluppo d’impresa S.p.A. (the National Agency for Inward Investment and Economic Development in Italy, Invitalia), obtained the business unit of Slim Fusina Rolling S.r.l. (Slim Fusina), which mainly deals with the production and sale of aluminium alloy rolled products.
Six Southern California companies linked to Chinese billionaire Liu Zhongtian were fined $1.83 billion on Monday, April 11. They were fined for conspiring to defraud the US through a scheme in which massive amounts of aluminium were disguised as "pallets" to avoid paying $1.8 billion in customs duties exported to the US.
Reynaers Aluminium, one of the world's leading building solutions firms, makes its first foray into the South Korean market through Energy X, a sustainable architectural marketplace platform. The firm offers a wide range of building goods and is ranked among the top one to three in the globe.
To know more: https://www.alcircle.com/news/reynaers-aluminium-makes-its-debut-in-the-south-korean-market-79159
To keep up with the growing demand for sustainable products in North America, Granges will invest US$ 52 million to expand its recycling and casting operations in Huntingdon, Tennessee. This investment is crucial for the launch of near-zero carbon aluminium solutions in 2024; also the new cluster will be powered by renewable energy as a part of the Tennessee Valley Authority Green Invest project (TVA).
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