Archive for October 2018

Indian Supreme Court Ruling On Pet Coke Imports May Cause Difficulties To Domestic Aluminium Sector

Indian Supreme Court Ruling On Pet Coke Imports May Cause Difficulties To Domestic Aluminium Sector

Future investment in India’s aluminium sector has been thrown into a state of uncertainty after the Supreme Court threw out a ban on the import of petroleum coke earlier this month. So says a report released by Fitch Group subsidiary India Ratings...

Events

Indian Government Mulling Increase In Aluminium Import Duty

Responding to months of pressure from its domestic aluminium sector, the Indian government is contemplating an increase to import duties for aluminium shipped in from overseas. According to unnamed sources who spoke with domestic media, major industry players have been lobbying for the change, noting a spike in shipments of primary and scrap aluminium. Per […]

Despite Rising Alumina Costs, Alba Turns In Strong Third Quarter

Aluminium Bahrain B.S.C. (Alba) reported financial results for the third quarter of 2018 yesterday. Though sales volumes in the quarter rose, a rise in alumina prices tempered bottom-line gains. In the just-ended quarter, Alba recorded a net income of BD14.3 million (US$38 million), off by 44 percent on the year from BD25.8 million (US$68.5 million). […]

Aughinish Alumina Warns Of Imminent Difficulties Due To OFAC Sanctions On Rusal

Top brass at Ireland’s Aughinish Alumina refinery warned last week that sanctions placed upon its parent company by the Trump administration are threatening the plant’s continued operations. Executives from Limerick Alumina Refining Ltd (LARL) noted in corporate filings that it has been on tenterhooks since April, when the U.S. Department of the Treasury’s Office of […]

Brazilian Environmental Agency Approves Use Of New Bauxite Residue Deposit Area At Alunorte

Norsk Hydro ASA is one step closer to resuming full production at the Alunorte alumina refinery after receiving authorization by the Brazilian federal environmental agency late last week. On Thursday the Brazilian Institute of the Environment and Renewable Natural Resources (Instituto Brasileiro do Meio Ambiente e dos Recursos Naturais Renováveis, or IBAMA) rescinded the embargo […]

Century Aluminum’s Q3 Earnings And Revenue Beat Street Projections

American aluminium smelter Century Aluminum released results for the third quarter yesterday. The firm’s numbers surpassed estimates for both earnings and revenue for the quarter. Century recorded a net loss of US$20.3 million in the third quarter, a reversal from the second quarter’s net income of US$19.4 million. Adjusted net income for the quarter totaled […]