Russia’s Unyielding Hold Two years after the Ukraine invasion, the West’s sanctions against Russia, intended as a fortress of economic isolation, exhibit vulnerabilities, especially in the realm of raw materials. Moscow’s influence persists, supplying an array of essential materials like pig iron, aluminum, ferroalloys, and copper that slip through the sanctions’ net. Dependence on Russian Supplies The Black Sea crisis...
Aluminium news
Uzbekistan Plans to Partner with South Korean Sebine Technology for Aluminum and Alumina Extraction Project
Uzbekistan intends to engage the South Korean company Sebine Technology in the revival of a project focused on extracting aluminum and alumina (aluminum oxide) from kaolin deposits in the Tashkent region, according to the press service of the Ministry of Mining and Geology. Representatives from Sebine Technology recently visited subsidiary enterprises of the “Uzbeckugol” company to study the properties of...
China Appeals WTO Ruling on U.S. Steel and Aluminum Tariffs
China has formally lodged an appeal against a recent decision by the World Trade Organization (WTO) that upheld U.S. tariffs on steel and aluminum imports, as announced by the Chinese commerce ministry. Previously, a WTO panel had sided with the United States, concluding that China had violated WTO standards by imposing additional tariffs on U.S. imports in response to U.S....
German Aluminium Industry Faces Challenges Amid EU’s Strategic Raw Materials Recognition
The German aluminium industry is grappling with energy supply issues and global competitiveness, despite the European Parliament’s decision to include aluminium in the list of Strategic Raw Materials under the forthcoming Critical Raw Materials Act. According to a survey conducted among industry members, more than half of the participating companies still find themselves in a challenging situation concerning energy supply...
China Achieves Record High Primary Aluminium Output in August
China’s primary aluminium production experienced a significant surge in August, reaching an all-time monthly high. Data released by the National Bureau of Statistics (NBS) on Friday revealed that China’s output increased by 3.1% year-on-year, reaching an impressive 3.6 million metric tons. This surge can largely be attributed to increased production in the southwestern province of Yunnan, following the recovery of...
Hindalco Rockets 7% Following Pact with Italian Firm
Hindalco Industries, the world’s largest aluminum rolling and recycling company, hits a 52-week high at Rs 508.80, up 5% on the BSE due to a significant increase in trading volumes. The Aditya Birla Group company’s stock has surged 7% in the last two trading days after announcing a partnership with Italy’s Metra SpA for high-speed aluminum rail coach production in...
Request to Include Aluminium in the Strategic Raw Materials List Gains Traction
A coalition comprising producers of raw materials, clean technology, defense, and aerospace manufacturers has appealed to policymakers, urging them to consider adding aluminium to the Strategic Raw Materials list, as outlined in the Critical Raw Materials Act. This request underscores growing apprehensions about the stability of the global raw materials supply chain. Recent challenges, such as the difficulties in maintaining...
Turkish Investor Plans to Build a Factory in Pavlodar Region
A Turkish investor intends to establish a factory in the Pavlodar region, as reported by LS with reference to the regional administration. According to the information, Altrade Company (Turkey) plans to launch the first aluminum processing plant in Kazakhstan. It is expected that the facility will produce 18,000 tons of aluminum sheets annually. “In the initial construction phase, the investment...
Rio Tinto Announces New CEO for Aluminium Segment
Rio Tinto (RIO.AX) announced on Tuesday that it has appointed Jérôme Pécresse as the new Chief Executive Officer for its aluminium segment, succeeding Ivan Vella, who is set to depart from the company by the end of this year. Pécresse, a French citizen with a wealth of experience in senior leadership positions within global mining and energy companies such as...
Positive Trends in Aluminum Tube and Aerosol Can Supply Amid Challenges in Germany
According to information from the German Aluminum Association, Aluminium Deutschland, despite the challenging economic situation in Germany, the supply of aluminum tubes and aluminum aerosol cans in the first half of 2023 showed positive developments. Regarding aluminum tubes, sustained high demand from the pharmaceutical sector and stable growth in the cosmetics and food industries led to a year-on-year increase of...