Traditional electric motors often utilize rare-earth elements like neodymium in their permanent magnet design, which is commonly found in electric vehicles. However, extracting these naturally occurring materials can have detrimental environmental impacts.
AEM asserts that the widespread adoption of their motors, which can be crafted using only aluminium and steel, holds the potential to reduce carbon emissions by 133 million tonnes, cut down 300,000 tonnes of radioactive waste, and decrease landfill waste by five million tonnes annually.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
