Aluminium extrusion 2035 demand nears 44.22Mt: Industry experts decode next decade drivers
Global aluminium extrusion demand is entering a phase with consumption projected to rise from 35.25 million tonnes in 2025 to 35.93 million tonnes in 2026 and 44.22 million tonnes by 2035, representing a 2.29 per cent CAGR. While building and construction will remain the largest end-use sector and...
EU plans aluminium scrap export ban on non-OECD countries; China, India in focus
The European Union (EU) is preparing a broader restriction on aluminium scrap exports to non-Organisation for Economic Co-operation and Development (OECD) countries, replacing an earlier trade proposal that would have covered only part of the bloc’s scrap flows. The move could largely impact...
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Italian industrial production shows modest rebound in May, challenges persist
Recent data from the Italian National Institute of Statistics (ISTAT) reveal a slight uptick of 0.5 per cent in Italy's industrial production for May, marking a welcome but cautious recovery, as reported by ING Think. Adjusted for working days, however, production still falls behind last year by...
India’s imported aluminium scrap prices grow W-o-W, buoyed by increased buying activity in Europe
This week, imported aluminium scrap prices in India have seen a modest increase, buoyed by a slight uptick in LME aluminium prices and increased purchasing activity in Europe ahead of the summer recess. Three-month LME aluminium prices reached $2,526 per tonne, marking a marginal week-on-week rise...
Speira teams up with GHI Smart Furnaces to achieve major CO2 reduction in aluminium recycling
An innovative partnership between Speira and GHI Smart Furnaces aims to redefine sustainability standards in the aluminium industry. Together, they aim to achieve an unprecedented reduction of 1.5 million tonnes of CO 2 emissions annually. This ambitious initiative represents a pivotal moment in...
Next-gen Porsche cars to flaunt Hydro REDUXA low-carbon aluminium
The Norwegian aluminium giant Hydro is recognised globally as one of the leading producers of low-carbon aluminium. In a recent collaboration with Porsche (the German sports car manufacturer), Hydro intensified its partnership to further decarbonise Porsche's sports car supply chain. The agreement,...
Turkey signs contract with Chinese EV manufacturer BYD for a $1 billion plant
Turkey has reportedly signed an electric vehicle manufacturing contract with Chinese electric car maker BYD. According to Turkish officials, the $1 billion plant will be located in the west of the country. The new plant coming up in Turkey will give the Chinese car manufacturer easier access to the...
Refractory experts converged in Hamburg for the 2024 PRE Congress
The 2024 PRE Congress took place in Hamburg, Germany, from June 19 to 21, 2024. The German Refractory Association (DFFI) kindly hosted it, and Refratechnik, RHI Magnesita, and Europe Commerce sponsored it. More than 100 PRE members, executives from the refractory industry, and national associations...
EU enforces 38% tariffs on Chinese electric vehicles; effects on aluminium consumption is in question
On Thursday, July 4, the European Union demonstrated its commitment to fair trade by levying additional tariffs of up to 37.6 per cent on electric vehicles originating from China, alleging ramifications for the domestic market with unfair state subsidies. The European Union took this measure even...
SolarDuck and RWE successfully installed offshore floating solar pilot Merganser off the Dutch coast
SolarDuck, a Dutch-Norwegian company, has installed its offshore floating solar (OFPV) project Merganser with the support of RWE. The pilot project aims to test and demonstrate the structural, mooring, and electrical designs and acquire knowledge about manufacturing, assembly, offshore...
Speira's green commitment: Aims to reduce the carbon footprint in Holmestrand by 150,000 tonnes
Speira's substantial industrial investment in Norway's Vestfold province is materialising with the installation of a new furnace, costing over NOK 400 million. The project, set to integrate the furnace into Speira's Holmestrand foundry, is slated for completion by summer 2026, marking a significant...
AI-driven productivity gains may vary widely across European sectors
Artificial Intelligence (AI) is poised to make significant inroads across various European sectors, with smaller industries standing to benefit the most in the near term. While larger sectors may still need to be ready to implement AI fully, and some may never reach that point, the potential for...
Achenbach opens new logistics centre in Kreuztal-Kredenbach
The machine and system manufacturer from Buschhütten is expanding its logistics centre to increase flexibility and efficiency in supplying customers worldwide. Achenbach Buschhütten opened a new location for logistics services in Kreuztal-Kredenbach with Achenbach Logistics GmbH during a festive...
Sustainable footprints: Recycled aluminium shapes Norway's latest bridge
A groundbreaking network arch bridge featuring a fully aluminium support structure is currently under construction in Trondheim, Norway. The project stands out due to its extensive use of recycled materials, with one-third of the aluminium sourced from the decommissioned Gyda Oil Platform. The...
Metal Packaging Europe announces appointment of new vice presidents
Metal Packaging Europe (MPE) has announced the appointment of two new vice presidents following a successful AGM and Conference in Amsterdam. Members, suppliers, customers, and other value chain partners attended the event. Metal Packaging Europe gives Europe’s rigid metal packaging industry a...
Speira commits €40 million to expand Rheinwerk aluminium recycling capacity, aiming for significant carbon reduction
The leading European aluminium rolling and recycling company, Speira, has unveiled plans to invest €40 million in expanding its recycling capabilities at the Rheinwerk facility. This strategic investment aims to bolster the site's transformation efforts, with a projected annual reduction of up to...
KPS Capital Partners to sell sustainable packaging firm Eviosys to Sonoco in a multi-billion-euro deal
On June 24, 2024, KPS Capital Partners, LP announced an agreement for its portfolio firm, Eviosys, to be acquired by Sonoco Products Company, a leading global entity in sustainable packaging headquartered in Hartsville, South Carolina. The acquisition is valued at €3.615 billion (approximately $3.9...
Inner Mongolia Mengtai Group acquires Alu Menziken, NNDKP among key advisors
Nestor Nestor Diculescu Kingston Petersen (NNDKP) played a pivotal role in the recent acquisition of Alu Menziken Group by Inner Mongolia Mengtai Group Co., Ltd. The Chinese conglomerate purchased Alu Menziken Group from Montana Aerospace AG. NNDKP provided expert legal counsel within the Romanian...
GME Recycling and Bosch Rexroth together for a new challenge
GME Recycling, the leading company in the production of recycling plants, introduces Ventiduedenti, the innovative aluminium shredder that will revolutionise the world of recycling. The cooperation between GME Recycling and Bosch Rexroth led to the creation of this new shredder, characterised by...
AL Biz expands clientele: Welcomes Zhengzhou Silverstone into the circle of 2100+ B2B aluminium sellers
Established in 2011, Zhengzhou Silverstone has earned the title of reputable trading company specializing in semi-finished aluminium products. With years of experience, they have developed significant expertise in sourcing from leading rolling mills in China and partnering with local metal centres....
