An analysis by Wood Mackenzie states that aluminum’s role in the green economy may be dampened by the industry’s steep road to secure low-carbon power.
Notice came as Beijing struggles to cool a surge in metal prices this year fuelled by a post-pandemic economic recovery, ample global liquidity and speculative buying that has dented manufacturers’ margins.
According to Graphene Manufacturing Group and The University of Queensland, graphene aluminum-ion batteries can charge 70 times faster than Li-ion batteries.
The company is planning to build a 1 million tonnes per year aluminum smelter with Huafon Group at its industrial park on the Indonesian island of Sulawesi.
China plans to strengthen controls in industries such as steel and aluminum which involve high energy use and produce high emissions, in an effort to promote low-carbon developments.