Novelis Reports Major Sustainability Achievements in 2023
In its recent sustainability report for fiscal year 2023 (April 1, 2022 – March 31, 2023), Novelis Inc., a frontrunner...
Business
Russia Boosts Alumina Imports from India Amid Geopolitical Strains
In a bid to minimize its dependency on China and adapt to the aftermath of the Ukraine crisis, Russia has amplified its alumina imports from India. This strategic move not only provides Russia’s Siberian plants with the required feedstock but also curtails...
EU Carbon Mechanism Set to Spike Steel Import Costs, Shifts Focus to Aluminium and Other Metals
The EU’s Carbon Border Adjustment Mechanism (CBAM) is expected to dramatically raise the costs of steel imports from countries like...
China Challenges WTO Verdict on U.S. Aluminium and Steel Tariffs
The People’s Republic of China has lodged an appeal against a decision by the World Trade Organization (WTO) which supports...
Events
Glencore Limited Purchases from Rusal, Records Show
Commodities conglomerate Glencore purchased only a fraction of the 6.9 million metric tons of aluminium available under its contract with Russian giant Rusal from 2020-2022, regulatory records reveal. The deal, poised for a possible extension to 2025, has recently come under the spotlight due to Moscow’s Ukraine incursion, urging Glencore to reconsider its commitments to […]
Hydro’s New Casting Line in Rackwitz Boosts Low-Carbon Aluminium Production
In an effort to accommodate the rising demand for low-carbon aluminium, Hydro announced the inauguration of its HyForge casting line at the Rackwitz aluminium recycling facility. The 40 million EUR project demonstrates the automotive sector’s focus on decarbonization and heightens the incorporation of recycled aluminium scrap from post-consumer goods. This development, wrapped up in 14 […]
China Raises Questions on EU’s High-Carbon Import Tariffs
The European Union (EU) is weighing implementing extra charges on certain imported goods like steel and cement. However, the People’s Republic of China, a major trade partner, has voiced concerns and wants the EU to double-check with global trade guidelines set by the World Trade Organization (WTO). At the heart of this development is the […]
China Records All-Time High in August Aluminium Production
China’s primary aluminium output witnessed a significant surge in August, reaching an all-time monthly high. According to data released by the National Bureau of Statistics (NBS) on Friday, China’s output rose by 3.1% year-on-year to a striking 3.6 million metric tons. The surge is chiefly attributed to ramped-up production in the southwestern province of Yunnan, […]
Aluminium Demand Slumps in Europe, Industrial Contracts Delayed
Industrial aluminium demand in Europe declines. For 2024, new contracts with smelters see delays as concerns of overbuying loom with the recent dip in demand for finished metal products. In Europe’s “mating season,” companies aim to seal supply agreements for aluminium, vital in construction, transport, and packaging. “Supply chain destocking is happening. The fear of […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
