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The Industrial Demonstration Program, funded by President Biden's Bipartisan Infrastructure Law and Inflation Reduction Act, will concentrate on the industries with the highest emissions where decarbonization technologies will have the biggest impact, such as aluminium, cement and concrete, iron and steel, and other energy-intensive industrial processes. Charles Johnson, president and chief executive officer of the Aluminum Association, praised the Biden administration's commitment to assisting in further decarbonization of the aluminium industry following the announcement of $6 billion in funding to accelerate the decarbonization projects in energy-intensive sectors. The White House convened a roundtable conversation on industrial innovation, decarbonization, and how America must advance the global clean energy economy on Friday, March 4, with senior private sector CEOs and labour leaders.
The Industrial Demonstration Program, which is funded by President Biden's Bipartisan Infrastructure Law and Inflation Reduction Act, will concentrate on the industries with the highest emissions where decarbonization technologies will have the biggest impact, such as aluminium, cement and concrete, iron and steel, and other energy-intensive industrial processes.
Following the announcement of $6 billion in funding to accelerate the decarbonisation projects in energy-intensive sectors, Charles Johnson, president and chief executive officer of the Aluminum Association, praised the Biden administration's pledge to assist in further decarbonisation of the aluminium industry.
Senior private sector executives and labour leaders were brought together by the White House on Friday, March 4, for a roundtable discussion on industrial innovation, decarbonization, and how America must take the initiative in expanding the world's clean energy economy. Eivind Kallevik, executive vice president, attended from Hydro.
To know more: https://www.alcircle.com/news/hydro-talks-about-decarbonisation-solutions-at-the-white-house-climate-roundtable-91167
America's renowned aluminium smelter, Century Aluminium, supported President Biden's decision to levy a 200 per cent ancillary tariff on imported aluminium from Russia during last week's break. The President and CEO of Century Aluminium, Jesse Gary, clarified his preference with a supportive statement.
The five-decade-old aluminium smelter, Aluminium Bahrain (Alba), functions excellently in operations, safety, environment, and socio-economic development and continues to be the world's largest aluminium smelter ex-China with a production of 1,600,111 tonnes in 2022, according to a recent rating released by Wood Mackenzie.
To know more: https://www.alcircle.com/news/alba-ranked-as-the-worlds-largest-aluminium-smelter-ex-china-in-2022-wood-mackenzie-91182
On March 7, 2023, according to our report from the MENA region, the state-owned Egyptian Aluminium Company (Egyptalum) is planning to invest nearly $34.5 million (1.05 billion Egyptian pounds) in projects in the next fiscal year starting on July 1, 2023.
To know more: https://www.alcircle.com/news/egyptalum-plans-to-invest-34-5-million-in-new-projects-next-fiscal-year-91185
One of America’s noteworthy aluminium smelters, Constellium participated among the extremely specified group of industrial enterprises and labour bodies to communicate with senior-level associates in the Biden Administration during the previous week’s Roundtable Conference on Decarbonisation and Industrial Innovation.
To know more: https://www.alcircle.com/news/constellium-emphasizes-sustainable-aluminium-use-at-white-house-roundtable-91189
Germany's Speira, a leading global recycler and manufacturer of advanced aluminium rolled products, announced on Thursday, March 9, that it would shut its smelting operations at the Rheinwerk plant due to high energy prices.
US-based Alcoa, the biggest employer in Portland, raised awareness of the prevailing workers' strike at its aluminium smelter and warned that it might cause irreparable consequences to the "broader community" in the area. Alcoa's Portland Aluminium has 535 working professionals under its wing.
To know more: https://www.alcircle.com/news/alcoa-troubled-by-portland-aluminium-workers-strike-warns-may-cause-community-trauma-91217
Aluminium Stewardship Initiative awards PT Inalum (Persero) the Performance Standard certificate or ASI V3(2022) for its aluminium smelters in Batu Bara Regency, Kuala Tanjung and North Sumatra province, Indonesia.
To know more: https://www.alcircle.com/news/indonesias-pt-inalum-signs-up-for-asi-performance-standard-certificate-91224
According to the Shanghai Metals Market, China’s domestic A00 aluminium ingot price had plummeted by RMB 230 per tonne on March 10, following a dip of RMB 10 per tonne last day. Thus, the price has closed the week at RMB 18,230 per tonne, recording a week-on-week fall of RMB 320 per tonne or 1.73 per cent from RMB 18,550 per tonne.
On March 9, Thursday, the LME aluminium cash bid price slightly rose by US$2 per tonne or 0.09 per cent to clock at US$2,290 per tonne, and the LME aluminium official settlement price escalated by US$2.50 per tonne or 0.11 per cent, officially settling at US$2,291 per tonne.
To know more: https://www.alcircle.com/news/lme-benchmark-aluminium-price-faces-us2-5-t-spike-shfe-aluminium-price-descends-by-us31-t-91215
The Aluminum Association announced its preliminary estimates for 2022 in the monthly Aluminum Situation report, stating that the aluminium demand in North America (U.S. and Canada) has recorded a 4.8 per cent year-over-year increase in demand.
To know more: https://www.alcircle.com/news/aluminum-demand-in-north-america-grows-4-8-in-2022-91177
Emirates Global Aluminium (EGA) published its financial and operational results for 2022, reporting a record revenue of AED 34.6 billion ($9.4 billion), up by 36 per cent from AED 25.5 billion ($6.9 billion) in 2021. Net profit also grew significantly to stand the highest ever at AED 7.4 billion ($2.0 billion), up 34 per cent AED 5.5 billion ($1.5 billion) in 2021.
According to Marubeni Corp, a major Japanese integrated trading and investment business conglomerate, global aluminium producers have mutually agreed to propose $125-145 per tonne of premiums to Japanese buyers for the second quarter of 2023. The news came on March 6 after five sources directly involved in quarterly pricing talks said.
To know more: https://www.alcircle.com/news/global-aluminium-producers-offer-125-145-t-shipment-premiums-to-japanese-buyers-for-2q2023-91169
Hydro is on the way to initiate a new development phase of its one-of-a-kind production technology -HalZero, a brand new process for primary aluminium production. With the Norwegian government's support, the company will invest in a test facility, hoping the technology will help deliver pilot production of zero-carbon primary aluminium by 2030.
To know more: https://www.alcircle.com/news/hydros-halzero-primary-aluminium-production-technology-to-enter-a-new-development-phase-91205
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