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...
Hydro, a leading player in the aluminium and renewable energy sector, is marking its presence at the London Design Festival by exhibiting a sustainable collaboration with famed designer Lars Beller Fjetland. This partnership earlier bore fruit in the form of the Bello!...
The EU’s Carbon Border Adjustment Mechanism (CBAM) is expected to dramatically raise the costs of steel imports from countries like...
In an effort to accommodate the rising demand for low-carbon aluminium, Hydro announced the inauguration of its HyForge casting line...
The European Union (EU) is weighing implementing extra charges on certain imported goods like steel and cement. However, the People’s...
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 […]
The London Metal Exchange (LME) revealed on Thursday its plan to adapt its closing price methodology for some of its most traded contracts. Beginning January 2024, this evolved strategy will be phased into its systems after extensive market-wide consultation. This revision is part of the broader efforts launched in March by LME to reinforce its […]
A collective of raw materials and clean technology producers, alongside defence and aerospace manufacturers, recently made an appeal to policymakers asking for aluminium to be added to the Strategic Raw Materials list under the Critical Raw Materials Act. Their request reflects growing concerns regarding the raw materials supply chain. Recent events, such as difficulties sustaining […]
Norway’s Norsk Hydro has entered into a strategic partnership with Shell Energy to steer its UK operations toward decarbonization. The collaboration will be a three-year contract that entails an annual allocation of 56 GWh of electricity and 144 GWh of gas to Hydro’s UK facilities. This is expected to cut Hydro’s Scope 2 emissions by […]
Norwegian aluminium producer Norsk Hydro ASA has successfully reduced its CO2 emissions by 20 thousand metric tons annually through the adoption of biomethane technology. The integration of biomethane into their operations marks a significant step towards achieving sustainability targets and environmental responsibility. The initiative, showcased in Hydro’s recent announcement, highlights the company’s dedication to implementing […]
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 ...
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...