Disruption in the aluminium market dramatically illustrates the urgent need to integrate CO2 prices into production costs in order to effectively fight against global warming.
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.
Despite the efforts to reduce the energy intensity of primary aluminium production, for this purpose China uses 90% electricity generated from coal. With the oncoming COP21 Forum, the country’s image can suffer.
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