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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Hyundai Motor Company and Mubadala Investment Company, a global sovereign investor based in Abu Dhabi, have recently signed an MOU to collaboratively explore potential business opportunities. This partnership aims to merge the strengths of the two companies in order to develop innovative solutions...
METYCLE, a German scrap metal trading platform, has successfully raised $5 million to support its expansion plans. The funds will be used to meet the rising demand for recycling raw materials, such as aluminium used in electric vehicles and lithium used for batteries. This will not only promote...
On Tuesday, December 12, Hindalco Industries announced its plan to invest INR 800 crore into building a battery foil manufacturing facility at Sambalpur in Odisha in a bid to tap the fast-growing electric vehicle market. The facility will produce 25,000 tonnes of aluminium foil, the backbone of...
According to the data released by the China Automobile Association, China’s automobile production and sales in November 2023 increased month-on-month by 7 per cent and 4.1 per cent, respectively, to stand at 3.093 million units and 2.97 million units. On a year-on-year calculation, they stood...
The Sunrise Dam gold mine in Western Australia, operated by AngloGold Ashanti, is creating a historic moment by conducting the inaugural trial of the Sandvik TH665B. This mining truck is noteworthy for being the world's largest battery-electric vehicle designed for underground mining. The...
Biffa, a trash management firm in the United Kingdom, is scheduled to install its first electric skip loader on the Isle of Wight, including a new Volvo electric 18-tonne 42. Biffa has adopted the electric skip loader into its fleet, which consists of 104 new Volvo Trucks trucks, as part of a...
Adam Hearne is an expert on the commodity and manufacturing sectors’ transition to a net-zero economy. He is the CEO and co-founder of CarbonChain, providing automated, asset-level carbon accounting for most carbon-intensive supply chains. His career spans nearly two decades across supply chain...
As the eleventh month of 2023 concludes, the global aluminium industry is shrouded in the persistent gloom of low indicative prices, primarily attributed to a subdued demand environment. Notably, industry leaders have pre-emptively acknowledged that the initial stages of 2024 are likely to mirror...
According to projections, the United States was expected to register a GDP growth of 2.4% in 2023, followed by a slight deceleration to 1.5% in 2024, before picking up marginally to gain 1.7% in 2025. As per the data released by Trading Economics, there has been an annual expansion of 5.2% in Q3...
The South Korean multinational automotive manufacturer Hyundai Motors is reinforcing its commitment to green transportation by allocating $1.52 billion towards establishing an electric vehicle production facility in Ulsan, South Korea. This strategic move contrasts with the decisions of competitors...
In an interview, Tajikistan Ambassador to Korea Salohiddin Kirom advocated for a strategic partnership between South Korea and Tajikistan. Tajikistan's "Green Economy Development Strategy 2023-2037" aims to optimise natural resource use, enact regulatory reforms, attract investments, introduce...
The UK-based waste management company Biffa is set to deploy its inaugural electric skip loader, featuring a new Volvo electric 18-tonne 4×2, which will be introduced on the Isle of Wight. As part of a comprehensive fleet modernisation initiative, Biffa has incorporated the electric skip loader...
Yunnan Aluminium Co., Ltd. and Volvo Cars (Asia-Pacific) Investment Holding Co., Ltd. have reportedly inked a memorandum of cooperation on the sustainable aluminium value chain. On November 28, the companies signed the contract at the first China International Supply Chain Promotion Expo in the...
Leading automobile and aerospace companies like Tesla, General Motors and Boeing are increasingly incorporating Climate TRACE systems that use satellites, machine learning and other observatory paradigms to decarbonise their international supply chain. This new initiative called Climate TRACE,...
The China International Supply Chain Expo (CISCE) opened in Beijing from November 28 to December 2 with great anticipation. It showcased various aluminium alloy materials that are suitable for automotive use and materials for power battery packs. Of particular interest was the exhibit by Chinalco...
ZEVO's innovation in temperature-controlled logistics (TCL) using aluminium is set to transform the industry. With increasing energy costs and climate change challenges, TCL providers must adapt to decarbonise and meet regulatory requirements. ZEVO's cutting-edge technology, developed in...
On Saturday, December 2, Norsk Hydro and Volvo Group announced from the COP28 platform that they entered a strategic partnership to support each other’s journey towards zero emission value chains. They signed the partnership agreement under the World Economic Forum’s First Movers Coalition. Hydro...
Leading the automobile industry towards sustainability and net-zero carbon emission, Volvo Cars announced on November 30 its plan to cut per-car emissions by 75 per cent by 2030. Volvo makes this announcement after a few years of its previous plan to cut per-car emissions by 40 per cent by 2025. So...
