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Aluminium is a critical mineral that plays a pivotal role in driving the energy transition, particularly because of its use in low-carbon technologies. This includes powering wind turbines, batteries, electrolyzers for renewable hydrogen, carbon storage for low-carbon hydrogen, transmission wires, hydroelectric plants and solar photovoltaic (PV) technologies.
The demand for low-carbon aluminium is notably steered by industries like automotive, packaging, energy and consumer products, all actively trying to reduce the carbon impact of their operations. Aluminium is one of the world’s top eight hard-to-abate industries so lowering the carbon footprint of aluminium is essential for decarbonization efforts.
Read more about how the US looks to decarbonize the aluminium industry, spurred by policy and demand here.
Fastmarkets defines green aluminium as primary aluminium having a carbon footprint of maximum 4 tonnes of CO2 equivalent (4tCO2e) per tonne of aluminium produced under Scope 1 and Scope 2 emissions. The definition does not include scrap content as there is no globally accepted definition of low-carbon aluminium scrap. Fastmarkets spearheaded green aluminium pricing with its launch of low-carbon aluminium differentials in March 2021. Today, Fastmarkets has low-carbon aluminium differentials for Europe, the US and Asia.
By leveraging Fastmarkets’ comprehensive analysis and real-time updates, customers gain a competitive edge in this rapidly-evolving market. Whether you’re looking to optimize your supply chain, monitor price fluctuations or capitalize on emerging innovations, Fastmarkets equips customers with the essential knowledge to navigate this market. Find out more today.
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Understand more about the role of aluminium in renewable energy with price trends, market insights and forecasts from our global team of reporters, editors and analysts.
The US government will impose tariffs on steel and aluminium shipped from Mexico that were made elsewhere, in a bid to curb trans-shipment and excess production, the White House said in a statement on Wednesday July 10, a move widely applauded by the pair of metals industries
Norway-based aluminium producer Hydro and German car manufacturer Porsche signed a long-term agreement on Tuesday July 9 for supply of low-carbon aluminium to further decarbonize the supply chain of Porsche’s sports cars. The agreement follows the letter of intent signed in April
Rio Tinto will install carbon-free aluminium smelting cells at its Arvida smelter in Quebec, Canada, using the first technology license issued by ELYSIS, the company announced on Friday June 28
The aluminium market in China was expected to come under massive demand from the new energy vehicle (NEV) sector in the years ahead, but the aluminium industry still faced various challenges in the application of the metal in NEVs, Fastmarkets has learned.
Norway-based aluminium producer Hydro has several plans for decreasing its carbon footprint, new chief executive officer Eivind Kallevik told Fastmarkets on Tuesday May 28.
A surge in recycling capacity in the US aluminium industry is coming in the next few years while for now it continues to meet most of its primary aluminium needs from Canada.
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