Business

Alcoa To Provide Low- And Zero-Carbon Aluminium For Audi Electric Vehicle Wheels

Alcoa To Provide Low- And Zero-Carbon Aluminium For Audi Electric Vehicle Wheels

Pittsburgh aluminium pioneer Alcoa Corporation announced last week that it has been chose by German automaker Audi AG to supply sustainable aluminium wheels for its e-tron GT electric vehicle. Alcoa said it will be supplying low-carbon aluminium to RONAL Group, who will...

Events

Chalco’s Net Income Falls By Over 13 Percent In 2020

State-run Aluminum Corp of China Ltd released financial results for 2020 earlier this week, posting the lowest annual profit since 2016. According to a filing by the firm, Chalco’s net income totaled CNY741 million last year, down by 13.1 percent on the year. Over CNY1.4 billion in impairment charges dropped the firm’s income to a […]

Mitsubishi To Buy 30 Percent Stake In Glencore’s Aurukun Bauxite Project

Japanese conglomerate Mitsubishi Corporation announced last week an agreement with Glencore plc to take a 30-percent share of the latter’s Aurukun Bauxite Project in Australia. No price terms were given by either party at the time of announcement. Though Mitsubishi currently has interests in the aluminium smelting and trading sector, the purchase will mark the […]

Norsk Hydro Plans Expansion Of Its On-Site Aluminium Recycling Program

Norwegian aluminium producer Norsk Hydro ASA announced last week its plans to expand a program of directly recycling aluminium from its plants, which it hopes will further reduce its low carbon footprint and increase production by allowing for use of post-consumer aluminium scrap as well. The initiative would enhance its already low carbon per unit […]

China Hongqiao To Release Carbon-Reduction Goals By Year’s End

The largest private-sector aluminium producer said last week that it plans to publish its targets for cutting carbon emissions along with a roadmap for achieving that end. China Hongqiao Group’s chairman Zhang Bo revealed at the China Development Forum that his firm was partnering with a number of top institutions around the world to establish […]