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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South32 Limited secures long-term energy supply agreement for its Hillside Aluminium smelter
South32 Limited announced long-term energy supply agreement has been finalized for its Hillside Aluminium smelter. South Africa’s National Energy Regulator has approved a deal between Eskom Holdings SOC Limited (Eskom) and Hillside. The smelter will receive energy until 2031, under a tariff that is...
Runaya bags bronze at the prestigious Asia-Pacific Stevie Awards 2021
On 20th July 2021, the aluminium dross recycler, Runaya bags a Bronze Stevie in the Innovation in Energy & Sustainability category for its breakthrough solution for mineral waste processing in Mumbai. One of India’s rapidly growing manufacturing start-ups, Runaya proudly announced that it has been...
China’s primary aluminium output hit six-year highs at 19.64 million tonnes in 1H2021: NBS
According to the data released by the National Bureau of Statistics (NBS), China’s primary aluminium output hit multi-year highs at 19.64 million tonnes in the first half of 2021. That was up by 10.1 per cent from a year ago, as smelters were encouraged by aluminium prices well above break-even...
Rio Tinto joins the Australian Industry Energy Transition Initiative to cut carbon emissions in hard-to-abate sectors
Rio Tinto has joined the Australian Industry Energy Transition Initiative (ETI) to reduce emissions in hard-to-abate sectors. The Australian Renewable Energy Agency (ARENA) has also awarded $2 million grant to the initiative. The initiative aims to reduce emissions in ‘hard-to-abate’ sectors, such...
Romanian aluminium producer ‘Alro’ needs to count 30% of consumption on the spot market
One of Europe’s largest vertically integrated aluminium producers by production capacity and trading on the Bucharest Stock Exchange, Alro needs to cover some 30% of its consumption through the spot market purchases, following multiple suppliers discontinued their contracts. Alro is considered one...
“Major restructuring will allow to pay back creditors”, says GFG Alliance
On 28th June 2021, Sanjeev Gupta-owned GFG Alliance stated that it is advancing towards a major restructuring, which will allow it to pay back creditors, following the collapse of its principal lender Greensill Capital in March. The statement added: “This, in turn, will allow GFG to refocus its...
Black Sea Trade and Development Bank dispensing $40 million loan to ALRO for energy and VAP capacity enhancement
On 23rd June 2021, the Black Sea Trade and Development Bank (BSTDB), the international financial institution serving the eleven-member founding countries of the Black Sea Economic Cooperation, stated that it is dispensing a $40 million loan for a capital investment programme.to Romanian aluminium...
Odisha coal block allotment will improve power availability and strengthen aluminium operations, says Vedanta
On 22nd June 2021, Vedanta stated that the coal block which has been allotted would deliver fuel security, enhance power availability and also strengthen the aluminium operations, once it gets fully functional. Vedanta released the statement immediately after it emerged as the successful bidder for...
China’s primary aluminium output declines nearly 1% in May 2021 due to power restrictions in Yunnan
China’s primary aluminium production fell month-on-month in May 2021 as restrictions on power consumption in the smelting hub of Yunnan forced production cuts, showed the National Bureau of Statistics on Wednesday, June 16. The world’s top producer of the metal produced 3.2 million tonnes in May,...
Mytilineos to divest from PPC for power supply at Aluminium of Greece
The Greek business magnate and the chairman of the board of directors of Mytilineos Holdings, Evangelos Mytilineos announced that the agreement of Mytilineos with the biggest electric power company in Greece, PPC for the new and last contract for the supply of electricity at Aluminum of Greece...
Phinergy selected as Technology Pioneer by World Economic Forum
Phinergy has received "Technology Pioneers” award from World Economic Forum. The company’s CEO, David Mayer, will now participate at World Economic Forum activities, events and discussions throughout the year. Phinergy will also be part of Forum initiatives over the next two years, working with...
China’s primary aluminium production climbs 2.15% month-on-month to reach 3.32MT in May 2021
China’s primary aluminium production climbed month-on-month to stand 2.15 per cent higher in May 2021, found the Shanghai Metals Market. According to the data, the output in May (31 production days) stood at 3.32 million tonnes against 3.25 million tonnes in April (30 days). On a year-on-year...
Vedanta Aluminium announces the launch of its maiden Sustainable Development Report
Vedanta Aluminium and Power Business has released its maiden Sustainable Development Report. The report, which was inaugurated on World Environment Day, can be accessed on the business’ website www.vedantaaluminium.com . The Sustainable Development Report covers the Business’ performance across key...
Canada aims to achieve net-zero emissions by 2050 at aluminium sector with new investments
The Government of Canada invested in improving energy efficiency to achieve net-zero emissions by 2050. The Honourable Seamus O'Regan Jr., Minister of Natural Resources spent $40,000 to Alcoa Canada for an energy information system to cut energy costs and greenhouse gas emissions at its...
Constellium signs agreement with the City of Issoire, and Dalkia to launch the Energ'Iss project
Constellium, the City of Issoire, and Dalkia have signed an agreement to launch the Energ'Iss heating network project. Bertrand Barraud, Mayor of Issoire, Stéphane Corre, Director of the Constellium plant in Issoire, and Jérôme Aguesse, Regional Director of Dalkia, were present during the signing...
Rio Tinto operated New Zealand Aluminium Smelter at Tiwai point post $100 million loss for 2020
New Zealand’s only aluminium smelter, NZAS has a reported loss and a large write-down of its assets at a time when aluminium prices are recovering. Pacific Aluminium, a joint venture between the Anglo-Australian multinational Rio Tinto holding 79.36% stake in NZAS, and the Tokyo-based Sumitomo...
Qatalum signs agreement with GE to deliver five AGP upgrade units for enhanced power supply
The aluminium smelter Qatalum, which is a joint venture between Qatar Petroleum and Norsk Hydro, has signed an agreement with GE, the global digital industrial company to deliver five Advanced Gas Path (AGP) upgrade units and maintenance services for 15 years for equipment at its 1,080 megawatts...
Wheels India plans INR 100 crore Capex for wind energy development; large investment in consideration for the cast aluminium plant phase II
On 22nd May 2021, a higher management staff of India’s largest auto component manufacturer, TVS Group promoted Wheels India Ltd. revealed that the company has planned for a capital expenditure of INR 100 crore in 2021 towards the wind energy segment and all set to develop a plant near Chennai....
