Aluminium Stewardship Initiative Standard Conditionally Approved By London Metal Exchange
The Aluminium Stewardship Initiative (ASI) announced this week the conditional approval of its Performance Standard V3 (2022) as a recognized...
Staff
Value Added Aluminium Buoys Alba’s Second Quarter And First Half Financial Numbers
Aluminium Bahrain B.S.C. (Alba) released results for the second quarter and first half of 2022 last week. Numbers were generally up for the year’s first half thanks in part to an increase in value added aluminium products. In the second quarter, Alba...
Hindalco Inks Agreement With Greenko For Construction Of Sustainable Electric Plant For Odisha Aluminium Smelter
Indian aluminium producer Hindalco Industries has reached an agreement with Greenko Energies Pvt Ltd to build a renewable energy plant...
Century Aluminum Net Sales Rise 14 Percent In Second Quarter
American aluminium smelter Century Aluminum reported results for the second quarter of 2022 this week. The firm enjoyed higher net...
Events
Altech Identifying Partners In US$100 MM Project Equity Investment For High Purity Alumina Project
Australian innovator Altech Chemicals Ltd. updated the market on the progress of its high purity alumina project this week, including several financing projects that are currently underway with investors in Europe and the United States. Altech’s Managing Director Iggy Tan and other company officials met with their counterparts at Germany’s KfW IPEX-Bank this summer, and […]
Rio Tinto Receives Multiple Offers For Wind, Solar Power Project For Australian Alumina And Aluminium Operations
Anglo-Australian mining giant Rio Tinto Group said last week that it has received many offers to build wind and solar farms in Australia intended to sustainably power its various alumina and aluminium operations there. Rio Tinto is actively soliciting offers to build 4 gigawatts of electrical production capacity in Queensland and has so far seen […]
Lochaber Aluminium Smelter Loses £4 MM Despite £586 MM Government Guarantee
A financial report recently released by GFG Alliance shows that the Lochaber aluminium smelter in Scotland lost over £4 million after receiving a government guarantee of £586 million in the 2020-2021 fiscal year. According to the financial results, the Lochaber smelter was in the red by £4,051,284 even as management assured the market that the […]
Aluminium Stewardship Initiative Certifies Multiple Schüco Production Sites
Trade group Aluminium Stewardship Initiative announced last week the certification of Schüco International KG (Schüco) of its sites in Germany, Italy, the United Kingdom, and France under the ASI Chain of Custody Standard V1 (2017). The sites were previously certified under the ASI’s Performance Standard (Material Stewardship) for aluminium products destined for the building sector. […]
LOTTE Aluminium Plans US$238 MM Ultra-Thin Aluminium Cathode Foil For Kentucky
LOTTE Aluminium Materials USA LLC announced this week a new US$238.7 million project in Kentucky to construct an aluminium foil production plant for use in EV batteries. Per the state governor’s office, LOTTE Aluminium is partnering with LOTTE Chemical on the project, which is expected to have a nameplate capacity of 36 thousand short tons […]