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Phinergy and IOP enter into a pact with Hindalco to produce aluminium-air batteries for electric vehicles
Israeli clean energy company Phinergy and the Indo-Israeli joint venture IOC Phinergy Private Limited have signed an agreement with Hindalco Industries to develop aluminium-air batteries for electric vehicles and energy storage. IOC Phinergy Private Limited (IOP) is a...
Aluminium: Chinese production grows by 3.2% y-o-y in June
China’s primary aluminium production increased by 3.2% to 3.39 million tonnes in June from a year earlier, thanks to higher global prices. June production fell slightly by 0.9% from the previous month, when it reached a record 3.42 million tonnes. Aluminium...
HRC steel: prices remain stable pending supplies
Hot-rolled coil prices in Northwest Europe stood at 825 euro/ton on 13 July, up slightly (+0.24%) from the previous day’s reading (823 euro/ton), as market activity remained low and stocks are expected to be replenished by the end of July. The expected...
Batteries: Umicore plans $1.2 billion factory in Ontario
Belgium-based Umicore plans to invest $1.2 billion to build a battery materials manufacturing plant in the Canadian province of Ontario, which would supply components to one million electric vehicles by 2030. The Canadian government and Umicore have signed a...