UC Rusal Starts Producing Foundry Alloys PEFA from Scrap Aluminum.

Aluminum giant UC Rusal announced on February 1st that the company has started producing foundry alloys for the automotive industry from scrap aluminum. UC Rusal names the alloy produced PEFA (Primary Equivalent Foundry Alloys), containing 20% scrap aluminum added during the smelting process. This will reduce UC Rusal's carbon emissions by close to twenty percent.

UC Rusal stated that it hopes to increase PEFA production in the second half of the year and raise the scrap usage ratio by thirty percent. The company said this product meets the strategic needs of carbon neutrality, ensuring UC Rusal, its partners and customers actively participate in the circular economy of the automotive industry. According to the company, over 90% of its products are hydroelectric aluminum. It produces over 3 million tons of low-carbon aluminum under the Allow brand each year, and operates multiple R&D centers dedicated to developing new aluminum alloys for use in various fields. 

Hong Kong Foundries Forced by Multinational Buyers to Relocate Production from China to Southeast Asia and North America.

It is recently learned from multiple Hong Kong foundries that under pressure from US buyers to move production overseas, otherwise risk losing continued orders, many Hong Kong enterprises have no choice but to plan relocating to Southeast Asia and Mexico.

Liang Shiyi, Chairman of the Hong Kong Foundry Association, said due to US political interference, some American buyers require foundries in China to relocate to other countries, otherwise they will cancel subsequent orders. Many of her downstream customers export to the US, forced with no choice. But after all, businesses need to survive. The Hong Kong Foundry Association plans to organize member enterprises to visit Southeast Asian countries this summer to understand local investment environments.