GLOBAL LOW CARBON ALUMINUM MARKET

INTRODUCTION

The distinctive qualities of aluminium, a vital building material, include its lightweight, simplicity of extrusion into any shape, and superior durability. These qualities, along with an increase in building and remodelling across the globe, help to fuel aluminum's rising demand.

Primary aluminium, or aluminium created by smelting bauxite or nepheline ore, is a raw material that uses a lot of electricity. Four to five percent of the world's electricity consumption is met by its generation. Aluminium with a low carbon content is a crucial component of more environmentally friendly building and remodelling. Low-carbon aluminium is defined as primary aluminium produced entirely with renewable energy.

Aluminium has a considerable potential to lower product emissions because it is a highly circular and entirely recyclable material. However, fewer than 30% of the world's demand can now be met by recycling.

GLOBAL LOW CARBON ALUMINUM MARKET SIZE AND FORECAST

The Global low carbon aluminum market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.

NEW PRODUCT LAUNCH

The largest aluminium producer in India, Vedanta Aluminium, took a step toward its goal of becoming carbon-neutral by launching a low-carbon brand.

Vedanta Aluminium announced two product lines under the Restora brand: Restora (low carbon aluminium) and Restora Ultra (ultra-low carbon aluminium). The company claimed to be the first significant non-ferrous metals producer in India to produce low carbon goods (primary aluminium) for customers around the world.

Customers who care about the environment have expressed interest in the first production volume of Restora and Restora Ultra aluminium, which is 100 kilo tonnes. Restora has a GHG emission intensity that is "well" below 4 tonnes of CO2 equivalent per tonne of aluminium manufactured, which is the global threshold for aluminium to be considered as low carbon aluminium.

MARKET DYNAMICS

A low-carbon recycling and rolling factory will cost $2.5 billion to erect in Bay Minette, Alabama, according to a statement from Novelis Inc. of Atlanta. The company is currently working on the site and anticipates commissioning to start in the upcoming years.

The Bay Minette, Alabama, factory of Novelis will initially have a 600 kilotonne annual capacity for finished aluminium goods targeted at the beverage container market with flexibility for automotive and speciality production as well.

At its Alma smelter in Lac-Saint-Jean, Quebec, Rio Tinto is spending US$188 million to enhance production capacity for low-carbon, high-value aluminium billets by 202,000 metric tonnes.

The current casting centre at Rio Tinto's Alma factory will be enlarged to make room for new machinery, such as a casting pit and furnaces, enabling a greater proportion of the produced aluminium to be turned into billets with higher value.

Taishet Aluminium Smelter (TaAZ), the most cutting-edge low-carbon aluminium production facility in the world, has opened in Taishet, Siberia. RUSAL, a major global aluminium manufacturer, has committed to decarbonizing its operations and supply networks for consumer goods.

Modern gas cleaning technology, a closed water circulation system, and operating on clean electricity from Siberian hydroelectric power plants make the state-of-the-art smelter one of the cleanest in the world. This combination has minimal environmental impact. The lowest CO2 emissions in the sector will be from the full scope.

Norsk Hydro, a Norwegian aluminium producer, recently announced a new round of investments aimed at addressing the demand for low-carbon aluminium from the European automobile sector. The news coincides with an increased emphasis on sustainability and a desire by businesses like Hydro to fulfil the rising demand for the manufacturing of low-carbon aluminium, which has led to an increase in European scrap prices.

COMPANY PROFILE

• Vedanta 
• Novelis
• Rusal
• Apple 

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost per Global low carbon aluminum market right now and how will it change in next 5-6 years? 
2. Average cost to set up a Global low carbon aluminum market in US, Europe and China?
3. How manyGlobal low carbon aluminum market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally? 
5. Cost breakup of a Global low carbon aluminum market and key vendor selection criteria
6. Where is theGlobal low carbon aluminum market manufactured? What is the average margin per equipment?
7. Market share ofGlobal low carbon aluminum market manufacturers and their upcoming products
8. The most important planned Global low carbon aluminum market in next 2 years
9. Details on network of majorGlobal low carbon aluminum market and pricing plans
10. Cost advantage for OEMs who manufactureGlobal low carbon aluminum market in-house
11. 5 key predictions for next 5 years inGlobal low carbon aluminum market
12. Average B-2-BGlobal low carbon aluminum marketprice in all segments
13. Latest trends inGlobal low carbon aluminum market, by every market segment
14. The market size (both volume and value) ofGlobal low carbon aluminum marketin 2022-2030 and every year in between?
15. Global production breakup ofGlobal low carbon aluminum market, by suppliers and their OEM relationship