Which companies are the market leaders in the global market for

• Posted by Susanna Alick August 19, 2021 - Filed in Arts & Culture - 902 views

  The company's continued commitment to ASI Certification serves as further evidence of the company's strong commitment to sustainability principles in general. As a result of consultations with a diverse range of stakeholders throughout the aluminium value chain, ASI's Performance Standard was developed, which ASI claims to be the only comprehensive voluntary sustainability standard initiative in the aluminium sector. DNV Business Assurance Services UK Ltd. conducted an audit of the certifications, which are valid for three years each. The Aluminum Society of America (ASI) is a worldwide organization dedicated to the establishment of industrial standards and certifications in the aluminum industry. Among the objectives of the association are the development of sustainable production methods, material chain-of-custody procedures, recycling, the reduction of social impacts associated with aluminum production, and the establishment of production standards. Emirates Global Aluminium, headquartered in Abu Dhabi, United Arab Emirates, is an aluminum conglomerate that was formed in 2013 as a result of the merger of Dubai Aluminium (DUBAL) and Emirates Aluminium (aluminium coil supplier).
  
  What are the major trends that are having a positive impact on the growth of the aluminum products market?
  
  Emirates Global Aluminium is a company with interests in bauxite/alumina mining and smelting, as well as primary aluminium smelting. Another much-anticipated and likely contentious proposed regulation would establish a CBAM for certain imports, which has been widely anticipated. The Commission presented it as a measure to ensure that ambitious climate action in Europe does not result in "carbon leakage" by forcing carbon-intensive production out of the single European market, but rather contributes to a global emissions reduction by encouraging the EU's international partners and their industries to take steps in the same direction. The products that fall under the purview of the CBAM are listed in Annex I. The EFTA countries (but not the United Kingdom) would be excluded from the CBAM under Annex II. Regarding electricity, the final proposal states that once third countries have been fully integrated into the European internal energy market (IEM) through market coupling, technical solutions should be developed to ensure that the CBAM is applied to electricity exported from such countries into the customs territory of the EU.
  
  Which growth strategies are being considered in order to maintain a strong position in the global Aerospace Aluminum Alloys market?
  
  If no technical solutions can be found, such third countries should be exempt from the CBAM until at least 2030, at the very least. This exception would apply under certain conditions, including the development of a road map, the implementation of a carbon pricing mechanism that provides an equivalent price to the EU ETS, and a commitment to achieving carbon neutrality by 2050, as well as compliance with EU rules in the fields of energy, the environment, and competition. Importers would be required to obtain authorization from a CBAM authority, purchase certificates from that authority covering their annual imports, and then surrender the certificates. Depending on the emissions embedded in the imports, the number of certificates required would vary depending on the amount of emissions declared by the importer and verified by an independent certifier (on the basis of the approach laid out in Annex III). At the time of the merger, EGA's estimated enterprise value was US$15 billion. Mubadala Development Company of Abu Dhabi and aluminium products supplier Investment Corporation of Dubai jointly own the company.

   

  What are the potential growth opportunities in the Aerospace Aluminum Alloys industry that may arise in the upcoming years?
  
  The Aluminium Stewardship Initiative (ASI) announced this week that Emirates Global Aluminium PJSC's (EGA) Jebel Ali aluminium smelter has been certified under ASI Performance Standards for responsible sourcing, production, and stewardship of aluminum. The ASI's certification of the site extends to the casthouse and smelter, as well as other associated facilities. High purity and foundry re-melt products, as well as billets for extrusion and forging, are among the products manufactured at the newly-certified facilities. Jebel Ali's products are used in a variety of industries, including electronics, aerospace, automotive, packaging, lithographic sheets, construction, and transportation. Jebel Ali has an annual production capacity of more than one million metric tons. Abdulnasser Bin Kalban, the Chief Executive Officer of EGA, stated in a press release that his company was pleased to receive yet another award for its aluminum operations.“With the certification of our Jebel Ali smelter, we are pleased to once again receive ASI's prestigious stamp of approval.
  
  What are the most significant challenges that the global Aerospace Aluminum Alloys market is likely to face in the upcoming years?
  
  This ASI certification is a direct result of EGA's unwavering commitment to improving our environmental, social, and governance (ESG) performance as well as the overall sustainability of our business in order to ensure resilience into the future, in accordance with the goals set forth by our nation's leaders. The EGA believes that it is not enough to simply produce the metal that makes modern life possible and that is essential to the construction of a more sustainable future. The manner in which our aluminum metal is produced, both responsibly and sustainably, matters as well. Strong ESG performance is, first and foremost, beneficial and necessary for our world, for the societies in which we operate, and for our people.”Fiona Solomon, Chief Executive Officer of ASI, expressed her congratulations to EGA on its accomplishment.“We extend our heartfelt congratulations to EGA on achieving this certification for their operations in Jebel Ali. Following the certification of its Al Taweelah smelting operations in 2019, the company became the first in the Gulf region to do so. As a result, both of the company's smelting operations are now certified to the ASI Performance Standard.