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THINK ALUMINIUM THINK AL CIRCLE
The eleventh month of 2022 witnessed eventful happenings in the global aluminium industry, which is different in context from the tradition before the end of the year. In October 2022, the world's oldest and largest market for industrial metals exchange floated a discussion paper on the topic, seeking a market opinion on the possibility of prohibiting Russian metal. Still, in November, the LME stated it does not propose at this time to restrict the warranting of new Russian metal nor to impose thresholds or limits to the amount of Russian stock permitted in LME warehouses. On the other side, the world leader in sustainable, low-carbon rolled aluminium solutions, Novelis, broke the ground on a new $50 million recycling centre in South Korea to produce low-carbon sheet ingot. The leading producer of aluminium sheet, plate and extrusions in the United States, Arconic closed its sale of Russian assets at a $230 million cash deal to Promishlennie Investitsii.
The soaring energy prices in Europe have caused a severe impact on aluminium production and shifted output to China. However, due to China’s increasingly depleted bauxite reserves, this repositioning has increased bauxite shipments, benefitting the West African nation, Guinea, the world’s largest exporter of bauxite, which accounts for around half of traded volumes and has seen a 14.9% growth in bauxite shipments by now in 2022.
On November 19, 2022, RHI Magnesita, the leading global supplier of refractory products, publicized the acquisition of the Indian refractory business of Dalmia Bharat Refractories Limited (DBRL). DBRL is one of India’s foremost refractory players and a long-term trusted partner to customers in the region.
On November 11, 2022, the London Metal Exchange (LME), one of the world's largest commodities exchanges, announced that it would not bar Russian metal from being traded and stored in its system due a vital segment of the market is still planning to procure Russian metal in 2023.
To know more: https://www.alcircle.com/news/russian-metal-will-not-be-barred-from-trading-reports-lme-87095
According to a report, Hydro signed a new strategic collaboration agreement with the Norwegian University of Science and Technology (NTNU) to build up professional collaborations to practise more R&D on aluminium and energy. The agreement was signed by Hydro’s President& CEO Hilde Merete Aasheim and NRNU’s chief academic and administrative officer Anne Borg, in the presence of key Hydro technologists, NTNU professors and SINTEF researchers in Trondheim.
Arconic, one of the leading providers of aluminium sheet, plate and extrusions in the United States, announced that the company has successfully sold Promishlennie Investitsii LLC, the main shareholder of VSMPO-AVISMA Corporation, 100 per cent of its Russian operations for cash proceeds of $230 million.
On November 18, 2022, the European rolled aluminium manufacturer with six decades of experience in the sector introduced ‘Aludium Eco’, a range of cutting-edge products with a third-party certified carbon footprint of less than 4 tons C02 /t AL, cradle-to-gate. However, it has also been reported that the carbon footprint in certain Aludium Eco products is even lower at less than 3 or even 2 tonnes C02 /t AL.
Ducati has unleashed its latest Diavel V4 featuring a Bologna’s V4 Granturismo engine, along with an aluminium monocoque frame that has significantly reduced the motorcycle's weight. Ducati has redesigned the vehicle with a substantial changes in the styling and chassis design for 2023.
To know more: https://www.alcircle.com/news/ducati-diavel-v4-features-an-aluminium-monocoque-chassis-much-lighter-than-steel-86023
In the latest report published by Ball Corporation, the company has claimed that there is a rising demand for sustainable aluminium packaging options worldwide. The Aluminium Bottles Report analyses account from consumer surveys worldwide that display the emerging demand for aluminium packaging solutions in household or personal care brands to morph their packaging identity into a more sustainable and eco-friendly one.
Novelis Incorporation, the world’s largest aluminium recycler and flat-rolled producer, broke ground on November 6 at a new $50 million recycling centre in South Korea. The project will be able to produce 100 thousand tonnes of low-carbon sheet ingot annually by recycling aluminium, resulting in reducing Novelis’ carbon emissions by more than 420,000 tonnes each year.
The voice of the aluminium industry in Europe, European Aluminium's Senior Manager of Regulatory Affairs – Circular Economy & Raw Materials, George Karkampasis stated, "It is hard to escape the reality that over the last two decades Europe has bounced from one crisis to the next." The European aluminium industry has been balancing two parallel realities for several years. First, the metal aluminium has become increasingly significant to the EU’s green and digital transitions.
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