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...
Europe
Hydro Showcases Sustainable Aluminium Designs at London Festival
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!...
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...
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...
Events
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 […]
LME Announces New Closing Price Methodology for Metal Contracts, Including Aluminium
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 […]
EU Urged to Recognize Aluminium’s Strategic Importance
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 […]
Norsk Hydro Teams Up With Shell Energy To Decarbonize UK Operations
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 […]
Hydro Implements Biomethane Technology, Achieving Annual Reduction of 20K Metric Tons of CO2 Emissions
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 […]
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 ...
