Top Newsmakers for November 2021: Vietnam holds 1.8 million tonnes of aluminium worth $5 billion amid the global crisis; Hydro announces to invest in a new state-of-the-art aluminium recycling plant at Cassopolis, Michigan
The aluminium industry witnessed multiple remarkable events in November 2021. When the world is encountering a phase of aluminium shortage, which has triggered the prices of the metal to touch an all-time high, around 1.8 million tonnes of aluminium worth a mighty $5 billion is presently being under the control of security guards in Vietnam. The aluminium supply in Vietnam was seized as part of the investigation led by the United States comprising a Chinese billionaire and alleged trade fraud. While on the other hand, the leading industrial company committed to a sustainable future, Hydro announces to investment in a new state-of-the-art aluminium recycling plant at Cassopolis, Michigan.
According to a recent report, Russian aluminium giant UC Rusal has been engaged in the prospect of investing in the Ghanaian bauxite industry. The news came after the Deputy Minister of Lands and Natural Resources George Mireku Duker, who is also in charge of mining, held a meeting with Rusal officials on Friday, November 12, as the latter indicated a willingness to invest in the country’s bauxite sector.
The joint venture between Noble Group and Clarendon Alumina Production (CAP) with a focus on bauxite mining and alumina production, Jamalco reported uniform progress in the plant's rebuilding efforts after the August 22nd enormous fire that devastated its powerhouse. As informed by the world-class alumina producer, the fire affected approximately 50% of the powerhouse which delivers power, steam and compressed air to the alumina refinery operations.
National Aluminium Company Limited (NALCO) has hiked its aluminium ingot and aluminium product prices for the second time in a row, with effect from Tuesday, November 16. The company’s aluminium ingot price has come in at INR 230,350-233,850 per tonne after being sharply increased by INR 10,500 per tonne from INR 219,850-223,350 per tonne on November 11.
To know more: https://www.alcircle.com/news/nalco-hikes-its-aluminium-ingot-price-by-inr10500-t-or-4-7-with-effect-from-november-16-72889
On Monday, November 8, Alcoa Corporation disclosed a technology roadmap for the aluminium industry to achieve a sustainable future, attaining net-zero greenhouse gas emissions by 2050 across global operations. The list of technologies included a new, proprietary post-consumer scrap recycling process and processes to design a refinery that lowers capital intensity, eliminates carbon emissions, and addresses other industry challenges.
To know more: https://www.alcircle.com/news/alcoa-announces-technology-roadmap-for-aluminium-industry-includes-astraea-and-elysis-71839
The top aluminium producer of the world, China which has created the popularity of the metal is now countering environmental issues, driving the nation’s metal supply through a drastic crisis and this has fuelled the escalation of prices globally. However, to append to the hardship, there are 1.8 million tonnes of aluminium worth a mighty $5 billion that is presently being under the control of security guards in Vietnam.
To know more: https://www.alcircle.com/news/vietnam-holds-1-8-million-tonnes-of-aluminium-worth-5-billion-amid-the-global-crisis-72931
Hydro has announced its decision to invest in building a new state-of-the-art aluminium recycling plant at Cassopolis, Michigan, which will produce 120,000 tonnes of aluminium extrusion ingot per year. Construction will expectedly start in early 2022, and the operations of the plant to commence in 2023, appointing about 70 direct employees.
The founder of Liberty House Group and the Executive Chairman of GFG Alliance, Sanjeev Gupta has sold out two aluminium parts factories after Jaguar Land Rover (JLR) set its foot to acquire a vital part of its supply chain. The single source, a tier-one supplier of assembled products, working with OEMs around the world to support the automotive industry's shift to electrification, the Coventry based Evtec will buy out Liberty Aluminium Technologies casting plants in Coventry and Kidderminster in the West Midlands, safeguarding 170 jobs. Even so, GFG is shutting down a site in Witham, Essex, which will lay off 64 jobs.
To know more: https://www.alcircle.com/news/evtec-acquires-sanjeev-guptas-liberty-aluminium-technologies-essex-plant-to-close-down-72920
According to the report shared by the Shanghai Metals Market, energy supply constraints due to soaring prices have pushed the United States' aluminium prices to record highs and also led to the shortages of key raw materials such as magnesium and silicon, exacerbating the tight supply situation of aluminium. Matalco Inc., the largest aluminium billet producer in the United States, has already warned customers that it might cut production and make limited deliveries as early as next year because of a magnesium shortage, reported Bloomberg.
To know more: https://www.alcircle.com/news/us-aluminium-producers-warn-billet-output-cut-due-to-magnesium-and-silicon-supply-shortage-72892
The Glasgow International Airport (GLA) in Scotland has started off the trial run of eCOBUS, a zero-emission bus to transfer passengers between the terminal and aeroplanes parked at faraway stands. The new eCOBUS has been made operational to carry delegates and support staff during the ongoing COP26 summit.
To know more: https://www.alcircle.com/news/mercedes-benz-chassis-aluminium-body-zero-emission-bus-on-trial-run-by-glasgow-airport-71818
Hydro has announced its decision to invest in building a new state-of-the-art aluminium recycling plant at Cassopolis, Michigan, which will produce 120,000 tonnes of aluminium extrusion ingot per year. Construction will expectedly start in early 2022, and the operations of the plant to commence in 2023, appointing about 70 direct employees.
source https://www.alcircle.com/news/top-newsmakers-for-november-2021-vietnam-holds-1-8-million-tonnes-of-aluminium-worth-5-billion-amid-the-global-crisis-hydro-announces-to-invest-in-a-n-73014
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