Industry News

Aluminum industry needs to use more green energy to stabilize prices

Views : 117
Update time : 2022-01-05 17:46:14
Aluminum prices rose a lot in 2021. The cost of energy has soared, and European zinc and aluminum plants have reduced production, which boosted LME aluminum prices to rise continuously. The European energy crisis has greatly affected the recent aluminum prices.

According to an analyst at a futures research institute, the scale of clean energy power generation was expected to grow further in the future due to the global focus on low carbon emission reduction. The continuous construction of energy storage technology and power transmission facilities will stabilize the supply of clean energy. Using more clean energy will reduce dependence on traditional energy, thereby stabilizing the impact of fluctuations in energy prices.

It is a future trend to use low-carbon or zero-carbon energy to replace high-carbon energy for the primary aluminum industry.
Related News
Read More >>
Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices
Apr .29.2025
Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices
Brazil's steel imports may break Mar record in Apr Brazil's steel imports may break Mar record in Apr
Apr .29.2025
Brazil's steel imports may break Mar record in Apr
Nickel prices surge as LME inventories decline & US-China trade tensions ease Nickel prices surge as LME inventories decline & US-China trade tensions ease
Apr .29.2025
Nickel prices surge as LME inventories decline & US-China trade tensions ease
Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics
Apr .29.2025
Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics