![]() On July 21, Mexican producer Cuprum - one of North America's five largest aluminum extruders - announced their low carbon plans with EN+ setting the stage for manufacturers having a plentiful supply of low carbon aluminum in Mexico and North America. To date, Norsk Hyrdo produced around 10,000 tons of their CIRCAL 75 and REDUXA and expects to produce 65,000 tons by 2021. The joint venture expects to start licensing this technology globally by 2024.īarker confirmed that EN+/RUSAL sold over 1 million tons of ALLOW low carbon aluminum since 2017. Leading the innovative front, Alcoa, Apple, and Rio Tinto have a joint venture in Canada called ELYSIS with a proprietary smelting process emitting less than 2.5 tons of CO2. Using clean hydroelectric power versus coal or oil-fired electric power, EN+/RUSAL, Norsk Hydro, CBA, and Rio Tinto produce less than 4 tons of CO2 per ton of aluminum. Producers of low carbon aluminum as of July 21, 2020, according to Acuity Knowlege Partners Acuity Knowledge PartnersĪccording to Acuity Knowledge Partners, six companies produce eight varieties of low carbon aluminum today, including Alcoa's Ecolum in Canada, CBA's P1020A in Brazil, Century Aluminum's Natur-AI in the US, Norsk Hydro's REDUXA and CIRCAL 75R in Norway, EN+/RUSAL's ALLOW in Russia, and Rio Tinto's RENEWAL in Australia as well as Elysis in Canada. It is not surprising to see the rise of low carbon aluminum as a new asset class," said Chamberlain. The copper today is certainly a higher quality than the copper sold through our exchange over 100 years ago. "Most people do not know that the LME has over 500 approved warehouses in the US, Europe and Asia where metals sold on our exchange can physically change hands from the seller to the buyer. He noted, “We see the voluntary adoption of low carbon labeling by EN+, Rio Tinto, and Alcoa already taking place.” "We like that ASI certifies for low carbon, but also they certify our company across 11 important areas that people should care about."Ĭhamberlain added that LME sets the specification for the metal in terms of grade and purity, while the producers label their aluminum with its carbon content. "EN+/Rusal already obtained certifications from ASI for three production sites, and we are working to certify all of our production plants," said Barker. However, the bigger picture taking into account principles like measuring carbon levels from mining and transportation of the raw material to the smelter, guaranteeing the rights of indigenous people, country of origin carbon credits, business ethics, and human rights have some way to go. "The LME will be the marketplace for buyers and sellers of low carbon aluminum, delivering pricing transparency, integration with low carbon certification, and verifying chain of custody."Ĭhamberlain added that the standards for labeling low carbon aluminum at the smelter level are sound. "Over the next five to ten years, consumers will say they want low carbon aluminum in their cars and beverage cans," said Matt Chamberlain, CEO of the LME. consultancy firm labeling the metal from producers. LME will soon allow for spot trading of low carbon aluminum with the Aluminum Stewardship Initiative.
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