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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AlCircle: How do you visualize the year 2023 for the global aluminium industry, considering the extrusion sector? Valerio Presezzi: Regarding global industry, in 2023, we are not expecting any particular downturns with respect to the trends of recent years. On the other hand, the outlook is clear...
On April 11, 2023, the non-ferrous metals prices on the London Metal Exchange (LME) closed a mixed trend. The three-month aluminium futures contract fell 1.3 per cent to $2,302/t, while zinc prices fell 0.4 per cent to $2,779/t. Lead dropped 0.4% to $2,087/t. In the meantime, nickel prices climbed...
An Italian start-up brand PSTV Motorcycles (Positive Motorcycles), has posted the first look of its prototype prepared for further R&D and public scrutiny. The construction of EGERA resonates with the company’s commitment to sustainability since it uses aluminium and natural fibre as base...
USA-based electric bike maker FUELL has brought in two more extensions to its two-wheeler range called Flluid-2 and Flluid-3. The company claims them to be the longest-range e-bikes on the planet featuring a lightweight aluminium framework for swiftness and agility in movement. FUELL's operations...
Headquartered in China, Ningbo Xusheng Group is about to invest $276 million to materialise five new subsidiaries in the US, Mexico and Hong Kong. The company is an expert in the manufacture of high-precision aluminium alloy components for vehicles. The latest addition to the company’s existing...
Hulamin, an aluminium manufacturer with headquarters in Pietermaritzburg and Tesla among its clients, claims to have made significant progress in the rapidly expanding electric vehicle (EV) sector. As per Counterpoint Technology Market Research, 10.2 million Passenger electric cars were globally...
This week, there has been immense progress in the aluminium end-user sector. InBev has created the world's first beer in aluminium-glass cans, utilising AI for its marketing campaigns. Professor Debashis Chanda, with his team of scientists from the UCF NanoScience Technology Center, has discovered...
The Swedish automotive brand, Polestar, strives to reduce its carbon footprint in all aspects of car manufacturing. It recently reported that it had successfully reduced relative CO 2 emissions in 2022 by 8 per cent compared to 2021. The manufacturer, which is part of the Chinese-owned Geely group,...
On April 3, scientists from the Institute of Minerals and Materials Technology (IMMT), Bhubaneswar, reported the estimated quantity of rare earth elements that can be recovered from red mud in Odisha, a toxic byproduct generated in abundance during the processing of bauxite into alumina. Rare earth...
A Spanish company, Teknia, with expertise in manufacturing metal and plastic items, has successfully taken over Swedish injection moulding specialist Svensk Tryckgjutning that excels in making magnesium and aluminium steering or chassis components. Teknia announced to sources: “The acquisition is a...
The aluminium industry has witnessed a rapidly increasing demand from the international electric vehicles sector due to its diversity in usage and extremely tensile characteristics. Moreover, the Paris Act 2015 has compelled major greenhouse gas-producing nations to adopt various sustainability...
According to a report on March 29, Goyal Aluminiums has planned to invest INR 200 crore into building an electric vehicle (EV) plant in Uttar Pradesh for manufacturing electric, mild-speed range scooters for the Indian two-wheeler industry. In early March, the company announced debuting into the...
The end-user sector has been bustling with activities this week, with computer genius Acer launching its first ebii e-bike featuring Artificial Intelligence (AI) technology and a robust aluminium alloy framework. Britvic has invested £13 million to introduce a fifth canning line at its Rugby...
Tesla is yet to receive another 9-ton (8.2 metric tonnes) press at its Giga factory in Austin, Texas. The press would help the automobile giant in formulating patented aluminium car components. This new press can be regarded as the largest among its contemporaries worldwide. This is the second...
DR Axion, a supplementary board to Craftsman’s existing aluminium business, has reported fast-paced revenue growth in current times attributed to Kia’s entry and diversification, eyeing the PHEV market in India. This has led Craftsman to opt for a 76 per cent stake in the business at INR 3.75...
On Wednesday, March 22, shares of Jiangsu Dingsheng New Materials Joint-Stock increased by as much as 4.6 per cent after the Chinese producer of aluminium materials announced that it and two of its subsidiaries had signed new contracts with Contemporary Amperex Technology (CATL). Under the...
BMW North America has decided to regulate more than 100 aluminium structural components for its patented cars “due to complexity of the repair and the requirement of highly specialised tools, training, and repair procedures,” as was cited in a bulletin published by the company on March 16. For...
South Korean battery material maker Posco Future M has started constructing a domestic nickel-cobalt-aluminium (NCA) cathode facility with a 30,000 tonnes per year production capacity in Yeongil Bay. In the past, the company known as Posco Chemicals has plotted to invest 392 billion or US$299...
