Hungary will raise the maximum fine for serious environmental violations by large manufacturers to 5 billion forints (USD 16 million) under new measures to strengthen environmental oversight across industries, including EV battery manufacturing, recycling, and decommissioning. The changes come as...
Germany and Italy have long been closely linked in Europe’s aluminium extrusion trade. Italy remains a significant source of extruded aluminium for the German market, but the flow has changed considerably over the past few years. The latest numbers raise an interesting question: is Germany simply...
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Two prominent East Asian nations, the world's top economies, are leading in the steel industry. Now, from the cross border, two steel giants are poised to make significant investments in the aluminium sector. Kobe Steel, the third-largest steelmaker in Japan, and China Baowu Steel Group, a global...
Maritime battery systems developer EST-Floattech has secured a substantial investment of €4 million from the Energy Transition Fund Rotterdam and its existing shareholders, including Rotterdam Port Fund, PDENH, Ponooc, and Yard Energy. For the aluminium housing, insulation material, electronic...
PT PLN (Persero) and its subsidiary, PLN Energi Primer Indonesia (PLN EPI), have inked a memorandum of understanding with JERA Co. Inc., aiming to reshape Indonesia's energy sector. This strategic collaboration delves into green energy initiatives, LNG infrastructure, and supply chain optimisation....
In the heart of India, where the land echoes the tales of progress, Vedanta Lanjigarh emerges as a beacon of innovation in the aluminium industry. This premier producer of metallurgical grade alumina, a gem in Vedanta Aluminium's crown, is not just shaping the future of metal production but is also...
Sims Metal, an international leader in metal recycling, has invested in an electric car flattener at its Allens Avenue site, replacing the previous diesel model. The state-of-the-art equipment, weighing 60,000 pounds, is expected to cut the site's CO2 emissions by 9.6 tons annually. The initiative...
Singaporean startup Nandina REM is redefining the adage "one man's trash is another man's treasure" by repurposing aviation-grade aluminium panels from retired commercial jets for electric vehicle (EV) battery castings. This innovative approach addresses the need for sustainable materials in the...
Indian multinational conglomerate JSW Group is poised to establish electric vehicle and battery manufacturing initiatives in Odisha, an eastern state, with an investment totalling around INR 400 billion (approx. $4.82 billion). The JSW Group The JSW Group, valued at US$ 23 billion, stands as one of...
LG Chem has inked a colossal cathode material supply contract with General Motors (GM), setting the stage for a formidable partnership in the North American market. Valued at an impressive 25 trillion won, this agreement, announced on Feb. 7, is poised to reshape the landscape of electric vehicle...
SUVs and trucks dominate the American automotive landscape, while sedans are declining in popularity. However, within the EV market, there are still notable four-door options. Despite lacking SUVs' bulk, elevated viewpoint, and storage capacity, sedans appeal to those who prefer a more traditional...
EKA, a prominent player in the electric mobility sector, has officially unveiled its highly anticipated 1.5-tonne electric Light Commercial Vehicles (LCVs) in collaboration with Mitsui Co., Ltd. from Japan and VDL Groep from the Netherlands as equity partners. This groundbreaking vehicle is...
Evtec Aluminium Limited, a leader in designing and manufacturing complex aluminium castings, has reportedly entered into a supply contract with Jaguar Land Rover. According to the deal, the former will supply automotive components to Jaguar for its new line of electric vehicles. Evtec is a...
Maaden Rolling Company (MRC), a subsidiary wholly owned by the Saudi Arabian Mining Company (Maaden), recently forged a three-year supply arrangement with Lucid Motors, a leading electric car manufacturer based in the United States. Alumex PLC, a standout in the realm of aluminium extrusion,...
In a ground-breaking collaboration, Chongqing University, Baowu Magnesium, and Chongqing Millison Technologies joined forces and inked a visionary agreement. Their collective endeavour aims to establish the China Magnesium and Aluminum Alloy Ultra-Large Castings Research and Development Centre. The...
The German automotive and arms manufacturer Rheinmetall's thriving thermal management division is expanding further, marking a significant milestone by introducing an inventive plug-and-play heat pump solution to be integrated into a hydrogen-powered truck for the first time. The thermal module,...
Lotte Aluminium Materials USA LLC and SMS group have joined forces in a strategic partnership to revolutionise the production of ultra-thin aluminium cathode foils for electric vehicle batteries. This collaboration, anchored in the heart of Elizabethtown, Kentucky, USA, signifies a pivotal moment...
According to market predictions, most forward-looking commodities markets experienced declining profit margins in 2023. Navigating the uncertainty The tightening of global monetary policies has exerted pressure on the demand for metals, and the widespread supply chain disruptions experienced in...
Maaden Rolling Company (MRC), a wholly-owned subsidiary of the Saudi Arabian Mining Company (Maaden), has recently entered into a three-year supply agreement with Lucid Motors, a prominent US electric car manufacturer. The deal, formalized during the Future Minerals Forum, involves the provision of...
Asia-Pacific Technology recently concluded its 18th meeting of the 6th Board of Directors on January 12, 2024. During the meeting, the board reviewed and approved the Proposal on Signing the Investment Agreement and Venturing into Overseas Investments. The chosen site for this avant-garde project...
