The aluminium market in 2023 has been a rollercoaster ride marked by uncertainty and volatility. From its peak in early 2023 to subsequent declines, aluminium prices have been influenced by a multitude of factors. This article delves into the intricate dynamics that have shaped aluminium price trends in 2023 and the fundamental forces behind its […]
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The aluminium industry is one of the most commercially important industries in the world and one of the most flourishing ones, too. The global aluminium demand will increase by almost 40% by 2030, and the aluminium sector will need to produce an additional 33.3 million tonnes to meet demand growth in all industrial sectors – […]
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The aluminium industry is going through a massive transformation as it adopts the principle of Industry 4.0 technologies, also known as the Fourth Revolution. Companies have already implemented this ongoing change, improving the aluminium industry’s efficiency, productivity and sustainability. The Industrial 4.0 technologies in the aluminium industry include interconnectivity, automation and robotics, machine learning, real-time […]
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Speira, a major aluminium producer in Europe, announced in March 2023 that it would close down its German facility in Rheinwerk this year due to high energy prices and market uncertainty. The company had already reduced the plant’s capacity by 50% in September 2022 in response to surging power prices. Speira plans to focus exclusively […]
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The Ukraine-Russia geopolitical crisis has resulted in sanctions imposed by Western countries on Russia and has driven various effects on India’s trade. Both imports and exports from Russia have been negatively impacted. Still, specific sectors have greatly benefited from the situation, specifically raw materials that are crucial for Russian industry but have been sanctioned by […]
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As a result of the current inflation surge, the aluminium industry is facing a crisis worldwide. Soaring global energy prices sharply limit the capacities of the geographies where smelting is viable. At its peak, aluminium prices were up 60 per cent. While they have since fallen from that peak, the industry is still in a […]
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The most common use of aluminium packaging is- beverage cans. Aluminium cans are now globally viewed as a sustainable and safe packaging option by consumers and manufacturers alike. Not only are they environmentally friendly, but they keep the beverage safe. It is also 100 per cent recyclable. Introducing BPA-free aluminium cans has also stimulated using […]
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The recently presented Union Budget for 2023 is said to be inclusive and development-oriented. Is that true for all sectors? The metal sector is overshadowed at a glance, for it was a lacklustre budget for the industry except for steel. Prior to the budget, the Federation of Indian Chambers of Commerce and Industry (FICCI) was […]
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The pressing need for decarbonizing the aluminium industry is loud and clear. While various techniques and alternative fuel sources are employed to reach net zero by 2050, carbon capture is one of the mature technologies that can be used. It is currently in use by other energy-intensive sectors too. The carbon capture process can be […]
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Aluminium has caught the attention of policymakers and industry experts as a lightweight, recyclable metal that can be used in various industries, starting from automobile and aerospace engineering to infrastructure and construction. Most aluminium products can be recycled for decades- a fact that has earned aluminium the badge of ‘green metal.’ However, despite all its […]
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