Coal-heavy Australian aluminium vs renewables-led New Zealand: How Oceania is balancing decarbonisation
Oceania’s primary aluminium industry is facing a fragmented energy transition. While Australia, the leading aluminium producer of the continent, has abundant renewable resources and a well-established aluminium value chain, its smelters remain significantly more dependent on fossil-fuel-based...
Can the US afford to cut Canada off? 75% aluminium and $100b energy tell the story
The US aluminium industry’s dependence on Canada extends far beyond primary aluminium imports. While Canada supplies around 75 per cent of US imported primary aluminium, covering roughly 60 per cent of the country’s annual aluminium usage, it is also a major supplier of crude oil, natural gas and...
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Hindalco MD assures uninterrupted aluminium production in India despite declining global outcome
Hindalco’s Managing Director, Satish Pai, assured reporters by saying Indian aluminium makers are not going to downsize or diminish the usual aluminium production rate any time soon, even though their contemporaries worldwide decide to do so. While addressing the reporters, Satish Pai narrated: “We...
Century Aluminum earns a 20% higher net income in Q2 2022 amid energy & raw materials costs rally
Century Aluminum Company, a US-based primary aluminium producer, announced its second quarter 2022 results on Tuesday, August 9, reporting a 14 per cent quarter-on-quarter increase in net sales from $753.6 million to $856.6 million, attributable to higher realised LME prices and regional premiums....
European aluminium foundry Gerd Röders GmbH plans to operate 24-hour shifts for three weeks to survive in gas crisis
Gerd Röders, managing director of G.A.Röders GmbH & Co KG, expertise in manufacturing aluminium die-castings from various alloys for high-quality parts, is unwillingly preparing for the temporary shutdown of foundry to survive Europe’s growing gas crunch. Röders hopes 24-hour shifts for three...
Monster records elevating beverage prices due to higher packaging material cost
Monster Beverage reported an exponential US$1.66 billion in sales in the second quarter, reportedly 13.2 per cent greater than the accumulated amount of the same time span the previous year. If the foreign currency effect was not put under consideration, the earnings were experiencing a 16.9 per...
Downstream aluminium weekly: Novelis reports record financial performance in 1QFY23; European Aluminium projects 30% growth in aluminium demand contributed by EU’s energy transition
The downstream sector of the aluminium industry is one of the most productive sectors, as its profiles move to the retail market for the manufacturers to build things for customers to use. This week the global aluminium downstream sector witnessed some prominent events. To begin with, Novelis...
European Aluminium association projects 30% growth in aluminium demand contributed by EU’s energy transition
European Aluminium, an industry association in Brussels, is reportedly preparing its member companies to take part in electric vehicles and alternative energy markets, considering aluminium the “base metal for the green transition”. Alternative energy and electric vehicle market contribute leading...
Primary aluminium weekly recap: Tiwai Point aluminium smelter in talks with power companies to continue operations beyond 2024; GFG Alliance's £586 million deal demands transparency from Scottish ministers
Some of the important events spotted under the global primary aluminium segment are the news of the Tiwai Point aluminium smelter in talks with power companies to continue operations beyond 2024. The Tiwai Point aluminium smelter, which Rio Tinto and the Sumitomo Group control through the joint...
Slovak aluminium producer crippled by high energy prices, plans for a mass layoff
The Central European nation, Slovakia's sole aluminium producer, Slovalco, which Hydro majorly owns, will be laying-off its maximum number of employees due to higher fuel and emissions constraints and lower aluminium prices. As a result, the company's stakeholders are considering shutting down its...
Press Metal Aluminium’s prospects to remain strong in the coming years, says RHB research
RHB research stated that, given the projected long-term demand for aluminium, Press Metal Aluminium Holdings Bhd's prospects are still strong. Press Metal will continue to gain from the Bakun Dam power purchase agreement with Sarawak Energy Bhd, which provides a long-term supply of energy at...
Tiwai Point aluminium smelter in talks with power companies to continue operations beyond 2024
According to a report on July 28, The Tiwai Point aluminium smelter, owned by Rio Tinto and the Sumitomo Group via joint venture New Zealand Aluminium Smelters Limited (NZAS), has begun corresponding with power companies to be able to continue operations beyond 2024. "There is lots of work to do,...
Volkswagen encourages positive participation in the Aluminium Closed Loop system
Volkswagen Group's Slovakia site is one of the first units to enrol in the Aluminium Closed Loop project, which includes recycling aluminium stamping offcuts from press shops that come back to the aluminium roll suppliers. These aluminium offcuts are then subjected to reform, after which the actual...
Exacerbating energy prices drive Romania's only alumina refinery into hibernation for 17 months
The Romanian aluminium giant Alro stated that the nation's sole alumina refinery, Alum, located in Tulcea, plans for a temporary production halt by putting the cause of 'prohibitive' energy prices. During its July 20 filing to the Bucharest Stock Exchange, the management proposed for approval by...
Skeleton Technologies to materialize Siemens-designed supercapacitor factory in Leipzig, Germany
Skeleton Technologies ensures an investment of 220 million euros (US$239.39 million) to build a new factory designed by Siemens to manufacture supercapacitors at Leipzig, Germany, as was declared by the energy storage technology firm based in Tallinn, Estonia. This new facility is estimated to...
Two coal blocks will be functionalized by Vedanta to ensure the long-term supply security of its power plants
This financial year, Vedanta is on an expedition to activate two coal blocks in Odisha and is also plotting to quicken the operational instinct of another coal mine located in the eastern region. In recent times and primarily last year, thermal power plants and the non-regulated sectors have...
Hindalco to start pilot production of aluminium plates for aluminium-air batteries, in partnership with Phinergy & IOC
Now, the use of aluminium as energy source in electric vehicles will be possible in India, thanks to the partnership of Hindalco, Phinergy and IOC Phinergy. According to a report on July 18, Aditya Birla’s flagship company Hindalco has signed an MoU with Phinergy, an Israel-based company engaged in...
Bangladesh's aluminium utensil industry in the Talora port region might face extinction due to gas crisis and higher fuel costs
The Rajshahi district in Bangladesh is facing a gas inflow interruption (a cheaper option than fuel oil) and resulting in a surge in oil prices which might lead to the shutdown of various aluminium utensils industries in Bogura’s Talora port region. The regional traders explained that the cost of...
Balco's energy conservation initiatives saved 22000 GJ in FY22, increasing its decarbonization efforts
India's iconic aluminium manufacturer, Bharat Aluminium Company Limited (BALCO), a subsidiary of Vedanta Aluminium, conserved more than 22,000 gigajoules (GJ) of energy in FY22. As part of the company's commitment to reduce carbon emissions by 2050 or earlier, Balco is gaining ground toward...
Downstream products weekly recap: Gas crisis might endanger aluminium industry operations in Germany; WTO delays the US aluminium and steel duty dispute ordinance against six nations
Downstream is one of the most crucial sectors in the aluminium business since the items produced here are sourced by commercial manufacturers and any discrepancy in this particular field might create an imbalance in the entire aluminium chain. The President of the Aluminium Association of Germany,...
