April was another record month for Chinese aluminium production, the latest in a series stretching back over a decade that has seen China’s share of global output rise from 40% to near 60%. It produced 3.2 million tonnes in April, 8% higher year on year and equivalent to an annualised 39.2 million tonnes, according to .
International Aluminium Institute: Post-consumer Aluminium Scrap Tops 20 Million Tonnes for the First Time
Says recycled aluminium could meet 50 per cent of demand by 2050
The International Aluminium Institute (IAI) has today released new data revealing a record 20 million tonnes of post-consumer scrap intake in 2019. This avoids 300 million tonnes of greenhouse gas emissions as the recycled metal reduces demand for primary aluminium.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210525005793/en/
International Aluminium Institute: Post-consumer Aluminium Scrap Tops 20 Million Tonnes for the First Time (Photo: Business Wire)
This new high, published in the latest IAI Material Flow Model update, represents nearly 60 per cent of total scrap intake as post-consumer continues to outstrip pre-consumer scrap levels.
The
Aluminum Monthly Metals Index (MMI) jumped 7.7% for this month’s reading, as the aluminum physical delivery premium continues to rise.
Delivery premium continues to rise
Olegs/Adobe Stock
The US Midwest Premium, like just about everything else these days, continued to inch upward in recent weeks.
After falling to $0.12 per pound in early February, the premium has more than doubled since then. The Midwest Premium hit $0.26 per pound ($573 per metric ton) to close last week.
As MetalMiner’s Stuart Burns noted previously, rising delivery premiums are an indicator of market tightness.
“China’s pull on the rest of the world’s aluminium supply does not appear to be abating,” Burns explained last month.
Alcoa Releases 2020 Sustainability Report
on May 05 2021 10:30 PM
PITTSBURGH (BUSINESS WIRE) Alcoa Corporation (NYSE: AA) has released its 2020 Sustainability Report, which provides a comprehensive overview of the Company’s progress against key environmental, social and governance (ESG) objectives.
“Our latest sustainability report highlights the important work we accomplished in 2020 in the midst of one of the most challenging years for our Company and the world,” said Roy Harvey, Alcoa President and CEO. “Our firmly rooted commitment to our values and our strategic priority to Advance Sustainably helped our employees, their families, and our host communities navigate the pandemic while delivering results that reflect our sustainability leadership.”
Hard-to-abate sectors served by SIM
Published 5th May, 2021 by Matthew Moggridge
The organiser of a new industry platform for manufacturers within hard-to-abate sectors today announced details of Sustainable Industrial Manufacturing (SIM) - which, it is claimed, will be Europe’s largest showcase of solutions in sustainable manufacturing, when it opens at Brussels Expo in Belgium from 9-10 March 2022.
The EU has committed to carbon neutrality by 2050 and it wants industry to “pave the way”. With heavy industry responsible for 30% of carbon emissions worldwide, a transition towards net zero emissions is no longer optional for those in-charge of heavy industrial sectors.