China and France agreed that an international deal to tackle climate change to be negotiated in Paris should include checks on compliance. Continue reading
China is likely to sell more aluminium onto world markets by offering its struggling smelters cheaper power prices to keep them operating, adding to growing trade tensions with rival producers in countries such as the United States and Russia.
Some Chinese lead smelters may leave the market due to the pressure of environmental protection policies, an analyst at the China Nonferrous Metals Industry Assn said. Continue reading
Alcoa lowered its forecast for the 2015 global aluminum surplus to 551,000 tonnes from its second-quarter estimate for a 762,000-tonne surplus, the company said in a presentation to announce its third-quarter financial results on Thursday. Continue reading
Nearly 200 countries seek December accord over carbon-dioxide emissions at UN-sponsored negotiations in Paris
The recent falls in UK aluminium scrap prices have slowed as the supply surplus has eased, with less aluminium scrap being collected domestically and more material being sold into international markets.
Global aluminium production reached a new high in March despite cuts to capacity by the biggest manufacturers.
Whilst the global need for aluminium is increasing, the issue of its environmetal footprint is the subject of ongoing debate. The energy necessary for aluminium manufacturing at certain facilities using thermal coal is responsible for five times more CO2 emissions compared to production of aluminium with the use of renewable energy. Continue reading