Epsilon Carbon Pvt. Ltd., a significant leader in India's speciality carbon product manufacturing sector, unlocked a critical milestone. They were thrilled to be the first Indian company to export liquid coal tar pitch, with an initial shipment of 8,000 tonnes sailing from Mangalore port. The EU's Carbon Border Adjustment Mechanism (CBAM) is set to considerably raise the cost of steel imports from India and China. This carbon system, set to be implemented next month, is expected to move its focus to other metals, including aluminium. Chinalco Group, a well-known operator in the aluminium industry, has played a critical role in establishing several national standards for aluminium alloys. The General Administration of Market Supervision and the National Standards Committee recently announced a joint announcement regarding National Standard No. 9 in 2023.
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Epsilon Carbon Pvt. Ltd., a prominent player in India's specialty carbon product manufacturing sector, achieved a significant milestone. They proudly became the first Indian company to venture into the export of liquid coal tar pitch, with an impressive initial consignment of 8,000 tonnes departing from Mangalore port.
To know more: https://bitly.ws/W5Fp
The EU's Carbon Border Adjustment Mechanism (CBAM) is poised to significantly increase the costs of steel imports from countries such as India and China. Set to be introduced next month, this carbon scheme is expected to shift its attention to other metals, including aluminium.
To know more: https://bitly.ws/W5FD
Chinalco Group, a renowned player in the aluminium industry, played a pivotal role by introducing multiple national standards for aluminium alloys. In a recent development, the General Administration of Market Supervision and the National Standards Committee jointly issued an announcement regarding National Standard No. 9 in 2023.
To know more: https://bitly.ws/W5FH
Hydro Energi entered into a long-term power purchase agreement (PPA) with Alpiq, involving the comprehensive supply of 1.18 terawatt-hours (TWh) of energy for the duration spanning from 2024 to 2032.
To know more: https://bitly.ws/W5FV
According to Oleg Deripaska, a prominent Russian oligarch, Russia managed to withstand Western sanctions imposed in response to its invasion of Ukraine. Despite expecting the country to struggle financially due to the war, Deripaska expressed surprise at Russia's resilience.
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India is the only country that stands out from the rest of the world regarding aluminium production and consumption amidst a down market projecting a slow recovery in 2023. The government's strong emphasis on new infrastructure, particularly green energy, drives domestic consumption and overall stability for aluminium prices.
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In an effort to promote energy efficiency and conservation, Qinghai Aluminium recently invited energy management experts from Qinghai Renewable Energy Research Institute, Qinghai Chemical Design and Research Institute, and Qinghai University to conduct an energy-saving acceptance review of their graphitised cathode project.
To know more: https://bitly.ws/W5H8
On September 25, the China Nonferrous Metals Industry Association (CMRA) inked a memorandum of understanding (MoU) with the Russian Aluminium Association in Beijing, as was circulated by the board in a statement. The vice party secretary of the CMRA, Fan Shunke, asserted that this partnership was to focus on the alumina sector, aluminium products and aluminium fabrication without revealing much from the deal.
To know more: https://bitly.ws/W5He
Aluminium Bahrain B.S.C (Alba), in its third quarterly Board of Directors’ virtual meeting on September 28, underpinned that delivering consistent performance amid uncertain macroeconomic outlook would be their top priority for the next quarter.
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The European Parliament's inclusion of aluminium in the Strategic Raw Materials list in the forthcoming Critical Raw Materials Act marks a significant development. Concurrently, Aluminium Deutschland conveys that the German aluminium industry continues to grapple with challenges, primarily in terms of securing a stable energy supply and enhancing its global competitive position.
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According to the Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO), aluminium ingot production in Iran during the first five months of the Iranian calendar year (March 21-August 22) amounted to 267,983 tonnes, reflecting a drop of 3,243 tonnes or 1.20 per cent from 271,226 tonnes a year ago.
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According to some sources, a few Japanese aluminium buyers have agreed to pay a premium of $97 per tonne over the global benchmark price for the shipments during the fourth quarter of 2023, to end on December 31.
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According to the International Aluminium Institute, Africa’s primary aluminium production stood at 135,000 tonnes in August 2023 (31 calendar days), accounting for 2.23 per cent of the world’s total output of 6.044 million tonnes. Last month, Africa’s share of the world’s primary aluminium production was 2.26 per cent, and that in the previous year was 2.35 per cent.
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LME aluminium opened at US$2,239.5 per tonne on Wednesday, with its high and low at US$2,246.5 per tonne and US$2,220 per tonne, respectively, before closing at US$2,237.5 per tonne, a decrease of US$3.5 per tonne or 0.16 per cent.
To know more: https://bitly.ws/W5IF
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