Rebound In Prices Propel Alcoa’s Bottom Line Into The Black In The Fourth Quarter
Pittsburgh aluminium pioneer Alcoa Corporation released results for the fourth quarter and full year of 2018 on Wednesday, reporting stronger...
Archive for January 2019
New LME Alumina Contract To Utilize CRU Alumina Price Index
London commodities consultant CRU Group said yesterday that the London Metal Exchange will soon be using the firm’s CRU Alumina Price Index (CRU-API) in the settlement of the LME’s new cash-settled Alumina futures contract. The new futures contract is set to commence...
U.S. Senate Votes Against Extending Sanctions On Rusal
Russian Federation aluminium titan U.C. Rusal is seeing more light at the end of the sanctions tunnel after the United...
Alba Tops 1 Million Metric Tons In Aluminium Sales In 2018
Aluminium Bahrain B.S.C. (Alba) continued its climb to the top of the global aluminium-smelting mountain last year, posting a sales...
Events
State Environmental Regulator Gives Green Light For Return To Full Production At Alunorte
Norwegian aluminium smelter Norsk Hydro ASA announced yesterday that Pará Secretary of State for Environment and Sustainability (SEMAS) has determined that operations at Alumina do Norte do Brasil S.A. (Alunorte) may now safely resume. Though Hydro warns that the Brazilian federal court must still act to remove the production embargo, it says that it has […]
Etem Bulgaria To Split, Invest €30 Million In New Aluminium Extrusion Equipment
A major Bulgarian aluminium extruder announced a plan earlier this week to split into two firms while investing €30 million (US$34 million) in new extrusion equipment. According to local reporting, Etem Bulgaria will be split by Belgian parent company Viohalco into separate units devoted to aluminium extrusion profiles and continued processing of those profiles. Concurrent […]
Aluminium Tariffs Hurt Both U.S. And Canadian Stakeholders: Albecour GM Boisvert
The blanket 10-percent tariffs placed upon imported aluminium by the Trump administration last April hurt not only United States consumers, but also Canadian suppliers of the metal. Such is the opinion Albecour’s general manager Pierre Boisvert, which he expressed at the recent S&P Global Platts’ Aluminum Symposium in San Diego. Rather than producing a clear […]
China Ships Record 5.8 Million Metric Tons Of Aluminium In 2018
Aluminium exports from the People’s Republic of China set a new record last year, besting 2017’s total by 20.9 percent thanks in part to demand for Chinese aluminium bolstered by oppressive sanctions levied on Russia’s U.C. Rusal by the United States government. According to data released yesterday by China’s General Administration of Customs, Chinese smelters […]
Gränges Joins Aluminium Stewardship Initiative
Swedish rolled aluminium firm Gränges AB announced yesterday that it is the newest member of the Aluminium Stewardship Initiative (ASI), joining the standards body earlier this month. In joining ASI, Gränges will begin work on achieving certification against the ASI Performance Standard for at minimum one facility or product within the first two years of […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
