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Three years in: Has India's Carbon Credit Trading Scheme delivered for the aluminium industry?
14 Jul 20268MINS
Sustainability
For decades, India's aluminium industry has measured competitiveness through production costs, operational efficiency and access to raw materials. Today, another metric is steadily moving onto boardroom agendas: carbon intensity. The shift is not being driven solely by climate commitments. Export regulations such as the European Union's Carbon Border Adjustment Mechanism (CBAM), investor expectations around ESG performance and customers seeking lower-carbon materials are collectively changing ...
Is South32 exiting aluminium at the bottom, or reading the cost curve right?
13 Jul 20267MINS
Alumina
When South32 agreed at the start of July to sell almost its entire aluminium value chain to Alcoa for up to USD 5.6 billion, the instinctive read was that a diversified miner had blinked and walked away from aluminium. The sharper question is the one the market keeps misframing: did South32 sell at the bottom, or did it finally price the single variable that decides an aluminium smelter’s life — power? The “bottom” theory does not survive contact with the tape. Aluminium is trading near histo ...

11 Jul 20269MINS
Recycled AL
As aluminium increasingly becomes a strategic raw material for decarbonisation and advanced manufacturing, the focus is no longer limited to primary metal production. From export restrictions and carbon pricing to import duties and circular economy measures, a growing wave of policy interventions is reshaping global aluminium scrap flows. These developments are influencing availability, pricing and competitiveness across aluminium supply chains. Trade scenarios When it comes to scrap leakage ...
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