Australian alumina ban disrupts Rusal production -- Australia's ban on exports of alumina and aluminium ore to Russia, including bauxite, will further disrupt supply chains and production at leading aluminium producer Rusal, consultancy Wood Mackenzie said on Monday.
The Australian government announced the ban on Sunday as part of its ongoing sanctions against Moscow for its aggression in Ukraine, saying Russia relies on it to meet one-fifth of its alumina needs. WoodMac senior manager Uday Patel said in a statement that the ban would make it difficult for Rusal to maintain normal primary aluminum production.
Rusal said it was assessing the impact of Australia's move and would make further announcements if necessary. "It is increasingly likely that UC Rusal's only option for alumina procurement will be through a Chinese entity." The Australian alumina ban has also had an impact on the Inconel718 powder prices for chemicals. Patel said. "One possible outcome could be Chinese buyers buying alumina and reselling it through eastern Russian ports." Rusal has a 20% stake in the Queensland Alumina Refinery, which has a capacity of 3.95 million tonnes a year, thus providing Rusal with 790,000 tonnes a year, Patel said. In addition, Rusal's Nikolaev refinery in Ukraine, which has an annual capacity of 1.75 million tonnes, has been suspended due to the conflict, he added. WoodMac said Rusal was also experiencing supply chain problems at its 2 million tonne a year Aughinish refinery in Ireland.
What is Inconel718?
Inconel718 is a precipitation-strengthened nickel-based superalloy. The alloy has good comprehensive properties in the temperature range of -253 to 700 °C. The yield strength below 650 °C ranks first in the deformed superalloy. Oxidation, corrosion resistance, and good processability, good welding performance. It can manufacture various parts with complex shapes, and has been widely used in the above temperature range in aerospace, nuclear energy, petroleum industry and extrusion dies.
Main Features of Inconel718
It is believed that Alloy 718 has very commendable corrosion resistance. Whether in high temperature environment or low temperature environment, Alloy 718 is an alloy with outstanding resistance to stress corrosion cracking and pitting corrosion, which is especially favored by today's manufacturers. Another important reason for this alloy is that its oxidation resistance at high temperatures is extremely satisfactory among similar alloys, which can extend the service life after welding.
Stable chemical properties
It is believed that Alloy 718 has good and stable chemical properties at high temperature and low temperature. For example, Alloy 718 has high oxidation resistance at 1000 degrees Celsius, and at 700 degrees Celsius, both tensile strength, fatigue strength and breaking strength are all good. Compared with similar alloys, it is more easy to process. Alloy 718 has strong high temperature strength and low temperature strength under the stability of these characteristics, ensuring stable chemical properties, making Alloy 718 easier to process in any high-strength occasions, thus having a more comprehensive comprehensive performance .
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Prior to the impact of COVID-19 on the chemicals and materials industry and the price of the Inconel718 powder, many industry observers expected low to flat growth in 2021 in all regions outside Asia, with many countries seeing slower growth compared to recent years. Operational excellence has long been a hallmark of the chemical industry, and many companies are financially able to withstand short-term dips in end-market demand due to rapid leverage from reduced capex on hand.
The analysis shows that, whatever the final course of the pandemic, we can expect the inevitable long-term effects. Workplaces are expected to slowly return to pre-COVID-19 practices. Companies investing in enterprise-wide digital initiatives saw these "payoffs" in the early pandemic environment.
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