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...
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...
In its recent sustainability report for fiscal year 2023 (April 1, 2022 – March 31, 2023), Novelis Inc., a frontrunner...
The EU’s Carbon Border Adjustment Mechanism (CBAM) is expected to dramatically raise the costs of steel imports from countries like...
Commodities conglomerate Glencore purchased only a fraction of the 6.9 million metric tons of aluminium available under its contract with...
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 […]
In a recent announcement, ABx Group has confirmed a five-year bauxite supply agreement with Adelaide Brighton Cement Limited (ABCL). ABCL, a branch of Adbri Limited, will receive cement-grade bauxite from ABx’s DL130 Bauxite Project, located in northern Tasmania. Per the agreement, ABx will be responsible for the delivery of an estimated 90,000-120,000 metric tons of […]
The United States and the European Union are reportedly in discussions about introducing new tariffs on steel imports, focused largely on China’s excess steel production. Bloomberg News reported this week that these tariffs would be primarily aimed at imports from China, which allegedly benefit from non-market practices. However, details regarding which other countries might be […]
The International Aluminium Institute (IAI), the prime representative of the worldwide primary aluminium industry, publicized its partnership with the International Committee for Study of Bauxite, Alumina & Aluminium (ICSOBA) to champion technical progression. The collaboration reinforces IAI’s pledge to disseminate top-tier practices and advocate aluminium’s contribution to eco-friendliness. IAI Secretary General, Miles Prosser, commented on […]
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 ...