What happens when an automaker starts building a business beyond cars? For Hyundai Motor Co., robotics is becoming a key part of that shift, with the company moving from using robots in its factories to developing, manufacturing and deploying them at scale. Hyundai is laying the groundwork to...
The overseas primary aluminium spot market remained subdued this week. Although limited restocking briefly improved trading activity in South Korea at the beginning of the week, the recovery was not sustained, and transactions weakened again from midweek. Elsewhere in Asia, the traditional...
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South Korea's imports of aluminium scrap from the US stood at 18,900 tonnes in December 2020, from 22,900 tonnes in December 2019. That marked a decrease of 17.47% year-on-year. On a monthly basis, imports declined by 25% from 25,200 tonnes in November 2020, as updated by the US Census Bureau. For...
Aluminium Stewardship Initiative announced on Wednesday, January 20, that it successfully certified Lotte Aluminium Co, Ltd.’s rolling facility in Ansan, South Korea, against the Chain of Custody Standard. The facility’s operations include rolling, sepa-slitting, and annealing for the production of...
RUSAL has collaborated with Henan Mingtai Aluminum Co., Ltd, for the supply of low-carbon aluminium products to meet rising market demand. RUSAL will deliver low-carbon primary aluminium under ALLOW brand to Mingtai’s plants, including the new Gwangyang rolling mill in South Korea. The Gwangyang...
South Korea's imports of aluminium scrap from the US stood at 28,500 tonnes in October 2020, with a year-on-year increase of 18.75%. South Korea had imported 24,000 tonnes in October 2019. On a monthly basis, imports rose by 17.77% from 24,200 tonnes in September 2020, as updated by the US Census...
Rusal, a leading global aluminium producer, will supply primary foundry aluminium alloys to Hyundai Sungwoo Holdings Co, Ltd. for car wheels manufacture. Such was the news when Rusal announced that it's chosen by Hyundai as a preferred long-term sustainable foundry aluminium alloys supplier. Rusal...
The United States aluminium scrap exports to the Republic of Korea increased marginally in September 2020 by 400 tonnes month-on-month to stand at 24,200 tonnes, found the US Geological data. In August, the United States aluminium scrap exports to Korea were at 23,800 tonnes dwindling by 800 tonnes...
South Korean carmaker Hyundai Motor India Limited (HMIL) is reportedly planning to launch a mass electric vehicle in the Indian market to further strengthen its product line and also its position as a smart mobility provider, said a top executive to ETAuto in an exclusive interaction. Seon Seob...
The United States aluminium scrap exports to the Republic of Korea dipped slightly in August 2020, the third largest destination for the US aluminium scrap exports. The latest data from the US Geological Survey shows the United States supplied 23,800 tonnes of aluminium scrap to Korea in August...
The COVID-19 pandemic has de-stabilised most of the economies of the world, except for South Korea’s. As per the latest economic projections by the OECD, South Korea is looking at a mere 1% GDP contraction for 2020, the second-best performer among major economies behind only China. In contrast, the...
South Korea's imports of aluminium scrap from the US stood at 24,600 tonnes in July, with a year-on-year increase of 25.5%. South Korea had imported 19,600 tonnes in July 2019. On a month-on-month comparison, imports rose 14% from 21,600 tonnes in June 2020, as updated by the US Census Bureau....
The economy of South Korea is a highly developed mixed economy dominated by family-owned conglomerates called chaebols. It is the 4th largest GDP in Asia and the 12th largest in the world. South Korea is known for its spectacular rise from one of the poorest countries in the world to a developed,...
LS Cable & System, the South Korea-based industrial corporation with global operations and one of the biggest cable manufacturers worldwide, on 21 st September’20, announced it has started bulk-production of aluminium wires for electric vehicles. The cable manufacturer has broadened its investment...
Lotte Aluminium Co. announced plans to boost its production capacity of its production lines for cathode foil, a key material in making EV batteries, at the company’s Ansan facility in Seoul. This would meet growing demand for electric vehicle batteries amid the global race for zero-emissions cars....
South Korea's imports of aluminium scrap from the US stood at 21,600 tonnes in June, with a year-on-year decrease of 4%. South Korea had imported 22,500 tonnes in June 2019. On a monthly basis, imports declined by 3.14% from 22,300 tonnes in May 2020, as updated by the US Census Bureau. South Korea...
South Korea's imports of aluminium scrap from the US stood at 22,300 tonnes in May, with a year-on-year increase of 5.69%. South Korea had imported 21,100 tonnes in May 2019. On a monthly basis, imports reduced by 7.4% from 24,100 tonnes in April 2020, as updated by the US Census Bureau. In the...
South Korea's imports of aluminium scrap from the US stood at 24,100 tonnes in February, with a year-on-year decrease of 2%. South Korea had imported 24,600 tonnes in April 2019. On a monthly basis, imports reduced by 12.36% from 27,500 tonnes in March 2020, as updated by the US Census Bureau. In...
South Korea exported 4,620 tonnes of aluminium semi-finished products to the US in the first three months of 2020, from 12,700 tonnes exported in the first three months of 2019, according to the latest Mineral Industry Survey report from US Geological Survey. Exports declined 63.6 per cent or 8080...
A new variant of Samsung Galaxy Watch Active 2 will now be available in India from July 11, as the South Korean tech giant has reportedly unveiled the aluminium edition of the smartwatch in the South Asian country. At the launch, Samsung said this is the company’s first smartwatch to be made in...
