Electrolytic aluminum may be included in China's carbon trading market first
The cement and electrolytic aluminum industries that have a good carbon emission data base will likely be included in the national carbon trading market first.
In addition to the inclusion of electricity, the remaining seven industries of petrochemicals, chemicals, building materials, steel, non-ferrous metals, papermaking, and aviation will gradually be included in the national carbon market under the tone of "smooth connection and smooth transition." Industries that have not yet been included in the national market will continue to trade in the pilot market. Therefore, in the next period of time, the pilot market and the national market will go hand in hand.
Electrolytic aluminum is an industry with high energy consumption and high carbon emissions. The carbon emissions of producing one ton of electrolytic aluminum are approximately 6.2 times that of steel. In 2019, my country's electrolytic aluminum carbon emissions reached 430 million tons, accounting for about 5% of the country's total carbon emissions.
In this context, recycled aluminum is expected to become the mainstream. Compared with the carbon emission per ton of electrolytic aluminum (11.2 tons), the carbon emission of recycled aluminum produced through recycling is only 0.23 tons.
At present, the global output of aluminum products is about 95 million tons, of which recycled aluminum accounts for 34%, and the rest is electrolytic aluminum. Relevant statistics show that in 2019, China's recycled aluminum accounted for about 16%, which is much lower than that of major developed countries. Taking into account China's current supply of scrap aluminum, industrial policy support, and the expansion of the downstream application market for secondary aluminum, my country's secondary aluminum industry has broad room for development.
Among related listed companies:
Stone New Material has three major business segments: the world's largest functional master alloy new material, the domestic largest aluminum alloy structural material, and the domestic second-ranked aluminum alloy wheel product. Through resource integration and coordinated layout, mergers and acquisitions realize the extension of the upstream and downstream industrial chain to get involved in the secondary aluminum field. Subsidiaries New Tianjin Alloy, New Hebei Alloy and Baoding Longda are in a leading position in the domestic secondary aluminum industry.
Hongchuang Holdings has planned a 200,000-ton waste aluminum recycling project. After it is put into operation, it will be built into a complete circular economy industrial chain that will directly produce aluminum plate, strip and foil products without landing on the ground, and use its own scrap aluminum and market recycled aluminum to produce recycled aluminum.
