Top Newsmakers for March 2022: Rusal suspends alumina shipments from its Nikolaev refinery in Ukraine; Hydro confirms 4000 tonnes of Russian aluminium to arrive at Karmøy facility
The global aluminium sector has been in highlights again due to the Ukraine-Russia stand-off. In 2021 the aluminium industry countered Covid pandemic challenges following the coup in Guinea, the leading bauxite exporter in the world. This did not end soon, but new difficulties aroused like a surge in gas prices and an energy crisis that led to an axe in the production of aluminium. Now, the military conflict between the two neighbouring nations has driven the industry's situation to a more complex one. The Russian aluminium giant suspended alumina shipments from its Nikolaev refinery in Ukraine, which triggered a rise in supply disruptions across the alumina and aluminium sector. The Norwegian aluminium company, Hydro affirmed that its pre-booked Russian aluminium of 4000 tonnes was on its way to disembark at the Karmøy facility.
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The world’s largest producer of low-carbon aluminium, Rusal is redirecting bauxite consignments from Guinea to its Aughinish Alumina refinery in Ireland, while it was originally destined to Nikolaev alumina refinery in Ukraine, according to the revelation of shipping data. However, the cause of diversion is due to the present situation of the Russia-Ukraine military conflict that has triggered the suspension of operation for the refinery.
To know more: https://www.alcircle.com/news/rusal-reroutes-bauxite-cargoes-from-guinea-to-ireland-destined-for-ukraine-77845
On Monday, February 28, Russian aluminium producer Rusal, the world’s top metal producer ex-China, suspended alumina shipments from its Nikolaev refinery in Ukraine, resulting in increased supply disruptions across the alumina and aluminium market, reported consultancy firm, Wood Mackenzie.
On Monday, March 7, Glencore, a multinational commodity trading and mining company has decided to supply alumina to Aluminium Dunkerque, in return for which the former will be selling a portion of its aluminium output to the latter. This decision has been taken in regards to the Russia-Ukraine conflict, which has resulted in shipment disruption of alumina.
To know more: https://www.alcircle.com/news/glencore-to-provide-alumina-to-aluminium-dunkerque-in-return-of-aluminium-76794
The administration of Joe Biden, the President of the United States of America is advocated by the top members of the ‘House of Representatives Financial Services Committee’ towards reimposement of economic sanctions on Russian oligarch Oleg Deripaska's United Company Rusal, the Russian aluminium giant.
To know more: https://www.alcircle.com/news/joe-bidens-administration-pressed-to-reimpose-sanctions-on-rusal-77805
According to Platts report, Alcoa’s chief financial officer Willian Oplinger shared his forecast that aluminium prices would continue to inflate while alumina supply to become tighter as a result of international sanctions imposed on Russia due to its military invasion of Ukraine.
The Bergen-based shipping company Silver Sea owned cargo fleet Silver Dania, which sails under the Norwegian flag, is carrying 4000 tonnes of Russian made aluminium from St. Petersburg to arrive at Karmoy, Norway, as confirmed by Kristin Karlstad, the Head of Communication & Public Affairs at Hydro Aluminium Metal.
To know more: https://www.alcircle.com/news/hydro-confirms-4000-tonnes-of-russian-aluminium-to-arrive-at-karmoy-facility-77826
The German aluminium manufacturer, Trimet which designs, manufacturers, recycles, casts and distributes contemporary light-metal goods made of aluminium at eight locations has planned to axe production at its main facility in the city of Essen by half.
To know more: https://www.alcircle.com/news/trimet-aluminium-to-halve-output-in-essen-due-to-surge-in-energy-prices-77869
The automakers and aerospace sector are extensively manifested ought to Russia opt to strike back by countering the sanctions inflicted by the west and its pool. The San Francisco, California based freight forwarding and customs brokerage company, Flexport withstands that blocked trade lanes, narrowing sales opportunities and regulations of vital Russian metal exports are possibly to thump some producers strongly, with organisations hitherto staging to bolster their proficiency to calm down the pressure.
On 12th March 2022, the executive branch of the European Union, the European Commission has elongated for five years the anti-dumping duties which in force on imports of aluminium household foil from China. However, this extension follows an inquiry that exhibited that dumping by Chinese exporters pursues amid the measures in place and if the withdrawal for measures comes on board, it would cause a dent to the EU industry. The anti-dumping duties will prevail at their present level of between 6.4% and 30%.
To know more: https://www.alcircle.com/news/european-union-extends-anti-dumping-duty-on-imports-of-aluminium-household-foil-from-china-77822
Space specialists believe that there are approximately 100 million pieces of space trash orbiting the Earth, weighing around 8,000 tonnes, the majority of which is satellite and rocket debris. Not all space junk floats around in space. Approximately 200,000kg of space trash is believed to be on the lunar surface, with this number expected to rise with future missions.
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