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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At CES 2024 in Las Vegas, Samsung took centre stage to emphasise its unwavering commitment to sustainability, echoing the familiar mantra of "reduce, reuse, recycle." In a dedicated segment of its keynote address, Samsung showcased a holistic approach to resource circularity, spanning the design,...
Just before Christmas Eve, LG Chem Ltd announced the upcoming construction of a US$1.4bn battery cathode plant in Clarksville, located in the US state of Tennessee. The South Korean company flaunts previous constructions in the area and has vouched to play a mighty role in the area's...
The South Korean multinational automotive manufacturer Hyundai Motors is reinforcing its commitment to green transportation by allocating $1.52 billion towards establishing an electric vehicle production facility in Ulsan, South Korea. This strategic move contrasts with the decisions of competitors...
In an interview, Tajikistan Ambassador to Korea Salohiddin Kirom advocated for a strategic partnership between South Korea and Tajikistan. Tajikistan's "Green Economy Development Strategy 2023-2037" aims to optimise natural resource use, enact regulatory reforms, attract investments, introduce...
In South Korea, the Beaujolais Nouveau has been introduced by the Amsterdam-based Dutch business IPL Brands BV, which is well-known for its high-quality sparkling wines. This famous French wine will be sold in 200 ml aluminium cans made by Ardagh Metal Packaging (AMP). French Beaujolais and...
Azerbaijan Industry Corporation OJSC consistently engages in meetings with foreign companies, particularly investors, to enhance the value chain within its fields of activity, foster the creation of competitive products, and diversify its portfolio. Efforts are underway to establish new...
On October 23, 2023, South Korea’s Samsung SDI Co. announced that it had entered into its first supply agreement with Hyundai Motor Co. for electric vehicle (EV), marking its role as Hyundai's third domestic battery supplier in South Korea, following LG Energy Solution Ltd. and SK On Co. This...
Squarepoint Capital LLP, a hedge fund, has recently acquired primarily Russian aluminium from the London Metal Exchange (LME), totalling over $100 million in value. The metal is currently stored in South Korean warehouses, and Squarepoint Capital has expressed its intention to take delivery of...
Italian aluminium casting machine manufacturer Idra, a key supplier to Tesla, has expanded its customer base by securing deals with Ford, Hyundai, and a European automotive company. These automakers are exploring the use of gigapresses, massive casting machines that Tesla has pioneered for...
A new study on aluminium recycling cans conducted by the International Aluminium Institute (IAI) determines that effective global recycling of used aluminium beverage cans can save 60 million tonnes of Co2e annually by 2030. Along with IAI, Emirates Global Aluminium, Crown Holdings, Australian...
Hyundai Motor Group has reached a tentative wage agreement with its labour union, elongating their strike-free negotiation streak to five successive years. Hyundai plans to adopt “hypercasting” technology to improve the manufacturing process and make lighter aluminium car bodies. The technology can...
In June 2023, the United States exported 2,090 tonnes of aluminium plates, sheets and bars to the Republic of Korea, witnessing 1,980 tonnes or 1800 per cent Year-on-Year influx from 110 tonnes recorded in June 2022. This shows a massive increase in US export rates to Korea, as per the USGS...
The international luggage maker TUMI thinks it is the brand's responsibility to preserve the environment for travellers. As an outcome, TUMI incorporates aluminium, a green metal, in their suitcase, displaying a clean, professional outlook while keeping it lightweight for its goal of travel...
As of April 1, 2021, South Korea's automotive industry ranks as the world's fifth-largest passenger car producer and holds the seventh position globally regarding vehicle sales. The sector is on an upward trajectory, constituting 13 per cent of manufacturing production and 12 per cent of overall...
According to data from the London Metal Exchange, inventories of aluminium in registered warehouses have increased to their highest level in over a month. This is due to the inflow of 38,725 tonnes into South Korea, presently stored at the Gwangyang port. As a result, the overall LME inventories...
China's aluminium plate/sheet and strip exports in June 2023 recorded a month-on-month drop of 3 per cent and a year-on-year plunge of 34 per cent to reach 224,500 tonnes, found the China Customs data. The total exports during the year's first half came in at 1.3932 million tonnes, registering an...
Samsung envisions a society where technology coexists with humanity to protect the earth for future generations. As a result, Samsung is urging South African customers to join its "Everyday Sustainability" campaign by doing little acts for a better world in their everyday lives. However, Samsung...
Samsung, the market leader in the mobile phones segment, has come up with a new realm of products named Galaxy Z Flip5 and Galaxy Z Fold5, disclosing the world of foldable to humankind. The conglomerate having a deep-rooted faith in sustainability uses aluminium for its smartphones. Galaxy Z Flip5...
