Key highlights from the global aluminium industry, June 2023

In June 2023, the global aluminium industry experienced a combination of instability and a downward price trend, affecting both the London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE). Despite the challenges, the aluminium value chain worldwide remains committed to pursuing a low-carbon and sustainable future. Producers of this metal are optimistic that its price will regain momentum in the coming months. Furthermore, the industry is actively implementing new technologies on the ground to reduce emissions, with a strong emphasis on recycling and sustainable processes. These initiatives are being prioritized to drive positive changes in the aluminium sector. The key highlights from the global aluminium industry for the month follow below:

Nowadays, the aviation industry places great importance on environmental sustainability. To minimize their carbon footprint and adopt eco-friendly practices, airlines worldwide are taking significant steps toward sustainable aviation. Among them, Emirates, one of the leading airlines in the world, has introduced an innovative waste management strategy, the closed-loop recycling system.

To know more: https://www.alcircle.com/news/emirates-introduces-closed-loop-onboard-waste-recycling-system-to-foster-sustainability-95218

In the dynamic global landscape of mineral resources, bauxite production is a pivotal contributor to numerous industries. With its remarkable versatility and application in manufacturing, bauxite continues to fuel economic growth and development worldwide. As we delve into mineral production, let us explore the top bauxite-producing countries that significantly shaped the market in 2022.

To know more: https://www.alcircle.com/news/unveiling-the-bauxite-powerhouses-the-top-10-producers-of-bauxite-in-2022-95152

Rusal, one of the world’s leading aluminium companies by primary aluminium production, announced that on June 15, it started the construction of a modern alumina facility in the Leningrad region. Rusal contemplates investing around 400 billion rubles in this project to construct four technological lines for alumina production and develop port infrastructure in Ust-Luga.

To know more: https://www.alcircle.com/news/rusal-begins-the-construction-of-new-alumina-facility-with-nearly-4-8-mt-of-capacity-96233

China's rising reliance on bauxite, the primary raw material for alumina production, has prompted the world's largest miner to seek alumina refineries worldwide, particularly emphasizing crucial supplier Indonesia following an export embargo. As China ramps up its decarbonization efforts, the country must also maintain its enormous industries critical to its economy, including aluminium.

To know more: https://www.alcircle.com/news/china-eyes-overseas-alumina-projects-to-access-bauxite-reserves-95169

According to a report on Monday, June 12, Rio Tinto will expand its state-of-the-art AP60 aluminium smelter at Complexe Jonquière in Canada with an investment of $1.1 billion (CAN$1.4 billion). This expansion will offset the closure of potrooms at the Arvida smelter on the same site and counterbalance the 170,000 tonnes of capacity loss.

To know more: https://www.alcircle.com/news/rio-tinto-to-add-96-new-ap60-pots-to-its-canada-aluminium-smelter-investing-1-1-billion-95204

Romanian aluminium producer, Alro announced that it had signed a memorandum of understanding (MoU) with Azeraluminium, an aluminium firm in Azerbaijan, to discover routes to upgrade their technical and economic capabilities through mutual cooperation.

To know more: https://www.alcircle.com/news/alro-inks-mou-with-azeraluminium-to-upgrade-technical-and-economic-capabilities-95065

Novelis Inc., the world's leading aluminium flat-rolled producer and recycler, has signed a new long-term contract with Coca-Cola Bottlers' Sales & Services Co (CCBSS), the contractual agent for Coca-Cola Co.'s authorized North American bottlers. Under this agreement, Novelis will provide Coca-Cola's official North American bottlers with aluminium can sheet for The Coca-Cola Company's family of famous brands.

To know more: https://www.alcircle.com/news/novelis-and-coca-cola-sign-aluminium-beverage-can-sheet-supply-agreement-95080

Aluminium, known for its versatility and widespread applications, is a crucial metal in various industries, from construction and transportation to packaging and aerospace. Understanding the demand for aluminium consumption across different countries provides valuable insights into their industrial development and economic growth. In this context, examining per capita aluminium consumption reveals the extent to which nations incorporate aluminium into their daily lives. This article explores the top 10 countries ranked by per capita aluminium consumption, shedding light on their utilization of this vital metal and its implications for their economies and industrial sectors.

To know more: https://www.alcircle.com/news/2022-per-capita-aluminium-consumption-ranking-the-world-s-top-10-countries-96308

Chanel is committed to reducing its environmental impact by introducing more eco-friendly product ranges. As part of this effort, the Chance eau de toilette range will now feature an anodized aluminium strip instead of the conventionally used galvanized polished brass.

To know more: https://www.alcircle.com/news/chanel-s-new-chance-bottles-to-be-embellished-in-aluminium-rather-than-brass-95118

During a recent test conducted at Hydro's extrusion plant in Navarra, Spain, carbon-free green hydrogen was successfully used as a replacement for natural gas in the recycling of aluminium. This test, which hydrogen experts from Hydro Havrand led in partnership with Fives, marks the world's first known industrial-scale test of using hydrogen as an energy source in aluminium production.

To know more: https://www.alcircle.com/news/norsk-hydro-produces-worlds-first-batch-of-recycled-aluminium-using-green-hydrogen-96224