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...
Grow with
AL Circle
On December 22, 2022, the leading aluminium foil and packaging company of South Korea, Sama Aluminium's plan to raise a total of 115.3 billion won via the issuance of 3.7 million common shares, was revealed. According to our information, the shares will be issued at a price of KRW31,050 per share....
On November 29, 2022, the German equipment provider to the metal industry, SMS Group, headquartered in Dusseldorf, announced its cooperation with South Korea’s LOTTE Group. With 150 years of experience, SMS Group is recognized as a future-oriented technology and outstanding service in plant...
The eleventh month of 2022 witnessed eventful happenings in the global aluminium industry, which is different in context from the tradition before the end of the year. In October 2022, the world's oldest and largest market for industrial metals exchange floated a discussion paper on the topic,...
On November 22, South Korea-based LG Chem declared that it would make a US$3 billion investment to construct a battery cathode factory in Tennessee to suffice the emerging demand for electric vehicle (EV) components. Early in August, a US law was passed making automakers, and battery suppliers...
On November 13, 2022, the Indonesian large-cap house Adaro stated that PT Adaro Minerals Indonesia Tbk inked a memorandum of understanding (MoU) with South Korea's auto giant Hyundai Motor Company on aluminium supply for automobile manufacturing. In Bali, Indonesia, a Memorandum of Understanding...
Novelis Incorporation, the world’s largest aluminium recycler and flat-rolled producer, broke ground on November 6 on a new $50 million recycling centre in South Korea. The project will be able to produce 100 thousand tonnes of low-carbon sheet ingot annually by recycling aluminium, resulting in...
The ongoing Russia-Ukraine has changed a lot in the global primary aluminium industry. To begin with, on Tuesday, October 18, the London Metal Exchange (LME) registered warehouses in Gwangyang, South Korea, received significant shipments of Russian-origin aluminium from the Anglo-Swiss...
On Tuesday, October 18, Switzerland-headquartered Anglo-Swiss multinational commodity trading and mining company Glencore shipped substantial volumes of Russian-origin aluminium to London Metal Exchange (LME) registered warehouses in Gwangyang, South Korea. As per the sources, the aluminium shipped...
A South Korean plastic films maker, Youlchon Chemical Co., on September 28 signed a document confirming the supply of a primary battery component utilised heavily in electric vehicles. The US$1.04 billion supply deal was successfully drawn for the upcoming six years with the joint venture formed by...
A state research organisation that created a low-cost casting-based neutron-absorbing aluminium composite material plate of up to two metres has transferred its technology to Konasol, a producer of titanium carbide alloy steels in South Korea. Konasol will use this technology to produce materials...
KDB Capital, run by state lender Korea Development Bank has occupied an aluminium recycling company, DS Liquid, in collaboration with local private equity fund (PEF) Harvest Equity Partners in order to enhance its ESG portfolio. KDB, along with the newly established Harvest Equity firm, raised a...
Achenbach Buschhütten, the specialist and world market leader for aluminium foil rolling mills and foil slitting machines, is pleased about a significant order from South Korea to deliver machines and equipment for a new battery foil production in the USA. Achenbach's long-standing customer Lotte...
The United States imports of aluminium can body sheet hit the highest since at least 1998 in the second quarter of 2022 ended June 30, driven by a strong demand for beverage cans and increased mill investments in Asia targeting North American consumers. As per the data released by the US Department...
Sustainable aluminium management has become more critical due to the exponential growth in global demand. Due to the shift to a sustainable society with lightweight electric vehicles, aluminium utilisation in the transportation industry has expanded. Recycling aluminium is therefore crucial to...
The company engaged in the mining and trading metallurgical coal, PT Adaro Minerals Indonesia Tbk (ADMR) stock value zoomed on 11th August 2022, after reportedly the news floated the possibility of investment from the giant South Korean automotive company, Hyundai. Citing data from the Indonesia...
LOTTE Aluminium, a Seoul-headquartered diverse aluminium products manufacturer, will reportedly build an aluminium foil producing plant in Hardin County, Kentucky. The project will involve an investment of $238.7 million and create 122 full-time jobs. The news came on Thursday, August 4, after...
On Wednesday, July 27, Lotte Chemical announced its intention to construct an anode facility in Kentucky by 2025 under the joint venture between the former and Lotte Aluminium. A crucial component of electric vehicle (EV) batteries is anode foil. Lotte Chemical and Lotte Aluminium will each spend...
A nationwide anti-circumvention investigation concerning imports of aluminium foil from China that is produced or finished in Thailand and South Korea was self-initiated on Wednesday, July 13, by the U.S. Department of Commerce. According to unfair trade orders released by the Commerce Department...
