RUSAL and Mingtai Aluminum partner to produce low-carbon products
2021-01-19 13:44:43 [Print]
RUSAL, metal business of En+ Group, the world's leading producer of low carbon aluminum and largest private sector generator of hydropower, announces its partnership with Henan Mingtai Aluminum Co., Ltd., a large-scale modern aluminum processing enterprise, to deliver low-carbon aluminum products in response to the growing market demand.
This partnership will build on both companies' expertise, underpinning the drive towards low-carbon future. RUSAL's strategic supply of low-carbon primary aluminum under ALLOW brand will be delivered to Mingtai's plants, including the new Gwangyang rolling mill in South Korea. The Gwangyang complex will commence its operations in Q3 2021, delivering products with reduced carbon footprint.
ALLOW, crafted using renewable hydropower generated by En+ Group's assets, will enable Mingtai Aluminum to offer products with a carbon footprint several times lower than the industry average.
In addition to this, Mingtai and RUSAL will work together as part of a collaborative undertaking on their research and development activities to produce innovative alloys and develop new mould dimensions.
This partnership will build on both companies' expertise, underpinning the drive towards low-carbon future. RUSAL's strategic supply of low-carbon primary aluminum under ALLOW brand will be delivered to Mingtai's plants, including the new Gwangyang rolling mill in South Korea. The Gwangyang complex will commence its operations in Q3 2021, delivering products with reduced carbon footprint.
ALLOW, crafted using renewable hydropower generated by En+ Group's assets, will enable Mingtai Aluminum to offer products with a carbon footprint several times lower than the industry average.
In addition to this, Mingtai and RUSAL will work together as part of a collaborative undertaking on their research and development activities to produce innovative alloys and develop new mould dimensions.
Aluminum Alloy Ingot ADC12 FOB China
Unit:USD/mt
China secondary aluminum alloy producers' inventory to production ratio statistics by province by month
Unit: %
