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THINK ALUMINIUM THINK AL CIRCLE
The world aluminium sector in August 2021 demonstrated a sharp rise in demand for the metal from every corner of the earth. The month observed the surge in the price of aluminium, which escalated by over 30% from $ 2013.50 per tonne to US$ 2673.50 per tonne, while it has been recorded as a 10 year high. However, the major reason behind this is due to limited production in China, the world’s largest aluminium producer, for restricted-energy usage is reportedly rippling through the cost of end-user products.
During a conversation with Dr Tapan Kumar Chand, Resident Director - Vedanta & Former Chairman cum Managing Director of National Aluminium Company (NALCO), said AlCircle on the issue of the spike in the price of aluminium: “The surge in prices of Aluminium is a part of the general surge of metal prices in the Global Market. In the case of Aluminium, production cut in North-Western Provinces of China due to power rationing, imposition of expert tax by Russia & bullish sentiment towards commodities are primarily responsible for pushing the prices up. These supply constraints have got aggravated due to factors like one third production curtailment at Alumar Alumina Refinery in Brazil, labour strike at Kitimat Smelter, Canada & etc.”
The Ghana Bauxite Company (GBC) Ltd. Awaso in the Bibiani-Anhwiaso-Bekwai district in the Western North Region of the country is mounted with tension and disquiet following the decisiveness of pull out by the strategic investor. Bosai Minerals Group from China, the investor which holds an 80% stake in the company, has written to the Government of Ghana concerning its intention to sell its shares and depart. The Chinese mining group has decided to adieu the country apt to the non-renewal of the mining lease of the GBC which expires on 9th January 2022.
To know more: https://www.alcircle.com/news/bosai-minerals-group-of-china-intends-to-pull-out-tension-mounts-at-ghana-bauxite-company-70123
The price of alumina has escalated to its highest in almost six months after a flare-up at the Jamalco refinery in Jamaica leading to the disquiet of restricted supply. The prices of the raw material for aluminium, alumina have been shooting upwards since mid-April despite robust demand for aluminium and disruption in China due to flooding.
To know more: https://www.alcircle.com/news/jamalco-refinery-fire-break-out-hurls-price-of-alumina-at-6-months-high-70190
On Saturday, August 7, Guangxi Power Grid Corp sent a notice directing aluminium smelters in Guangxi region to reduce average electricity loads by more than 30 per cent by August 15. This move comes as a part of the effort to cut electricity usage during peak times, said consultancies AZ China and MySteel.
National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium product prices with effect from Friday, August 6, following a sharp hike in the previous week. NALCO’s aluminium ingot price is currently ranging between INR 221,850-225,350 per tonne, down by INR 3,400 per tonne from 225,250-228,750 on July 31. NALCO’s aluminium wire rod price has also seen a cut of INR 3,400 per tonne with effect from August 6 and has come in at INR 224,350-228,700 per tonne. On July 31, the price was at INR 227,750-232,100 per tonne.
To know more: https://www.alcircle.com/news/nalcos-aluminium-ingot-price-sees-a-downfall-of-inr3400-t-with-effect-from-august-6-69050
The Egyptian Minister of Public Enterprise Sector, Hisham Tawfiq stated that the US firm, Bechtel Corporation, one of the most respected engineering, construction, and project management companies in the world has concluded the engineering study for the expansion project of Egypt’s largest aluminium smelter Egyptalum. Bechtel study will be presented to Egyptian President Abdel Fattah Al-Sisi soon for workable approval of the two-phase plan to add 500,000 tonnes per year to the production of the state-owned Aluminium Company.
To know more: https://www.alcircle.com/news/bechtel-corporation-concludes-feasibility-study-for-egyptalums-expansion-plan-70099
Hindalco Industries Limited, a subsidiary of the Aditya Birla Group is projecting to inject around INR 8,000-10,000 crore at Hirakud, Silvassa, and Mundra facilities in India. The company is planning to expand its aluminium downstream business with a focus on value-added products (VAP) over the next three-seven years and the products would cater to customised requirements for varied and complex applications of aluminium.
To know more: https://www.alcircle.com/news/hindalco-projects-to-invest-inr-8-000-10-000-crore-in-aluminium-downstream-business-68983
Arconic, a leading provider of aluminium sheet, plate and extruded products, will expand its Blount County manufacturing operations with more than $100 million investment in Tennessee. The expansion will meet the rising demand for industrial products and can sheet. This will bring 200 new jobs to its Alcoa facility. The investment will support recently announced expanded capacity for manufacturing industrial and can sheet.
To know more: https://www.alcircle.com/news/arconic-invests-100-million-to-meet-demand-for-industrial-products-and-can-sheet-70129
A group of Japanese beverage sellers and retailers in recent times progressed to desert the usage of plastic bottles, substituting them with aluminium bottles and cans in a proposal to counter ocean plastic pollution, inflicting disruption with the ecosystem. As per the Japan Aluminium Association and the Council for PET Bottle Recycling, the rate of horizontal recycling for aluminium cans remains at 71.0% compared to 24.3% for plastic bottles.
To know more: https://www.alcircle.com/news/aluminium-gradually-outperforms-plastic-bottles-to-combat-ocean-pollution-in-japan-69052
RUSAL, a leading global aluminium producer, has unveiled the first consignment of lighting poles made of aluminium alloys to the domestic market, in partnership with the Krasnoyarsk Metallurgical Plant (KraMZ) and Alluminate Company. These are the first aluminium lighting poles produced in Russia.
To know more: https://www.alcircle.com/news/rusal-presents-first-ever-aluminium-alloy-lighting-poles-made-in-russia-68992
The Indian automobile giant Tata Motors plans to set up a 36,000 vehicle per year scrapping facility in Ahmedabad, Gujarat, in a row with India's focus to increase domestic scrap metal processing capacity and reduce dependency on scrap imports. The objective with which the vehicle scrappage policy is implemented is to reduce pollution, while it will phase out unfit and polluting vehicles and promote recovery of aluminium and other metals and materials that can be recycled.
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