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Alcoa Weathers COVID-19 Storm In Second Quarter

Alcoa Weathers COVID-19 Storm In Second Quarter

Aluminium pioneer Alcoa Corporation released results for the second quarter on Wednesday, boasting both a better balance sheet and improved productivity despite the ongoing coronavirus pandemic. In the just-ended quarter the firm posted a total revenue of US$2,148 million, besting the prior...

EGA’s Al Taweelah Alumina Refinery Reaches Full Production Of 2 MTPA

Emirates Global Aluminium PJSC (EGA) announced last week the full ramp-up of its alumina refinery at Al Taweelah to 2 million metric tons per annum in June, marking a significant milestone for the region’s largest alumina refining operation. The firm noted that full ramp-up was achieved after only fourteen months of production, which it notes […]

Iranian Aluminium Production Up By 63 Percent From Last Spring

Iranian aluminium producers teamed up to produce over 101 thousand metric tons of primary aluminium in the three months ending on June 20, good for an increase of almost two-thirds on the year. For the last month of the quarter Iran’s output of aluminium came to 36,025 metric tons, up by 73 percent on the […]

Rio Tinto Begins Shutdown Of New Zealand Aluminium Smelters

Anglo-Australian mining giant Rio Tinto Group said yesterday it will be winding down production operations at New Zealand Aluminium Smelters (NZAS) due to the firm’s dim predictions of its continuing viability. According to the firm, a recent review found the operation of the plant wouldn’t likely make a profit in the near future due to […]

Stage Two Of Construction Of Altech’s High-Purity Alumina Plant Completed

Australian innovator Altech Chemicals Ltd. updated investors on the progress of construction at its high-purity alumina (HPA) plant in Johor Bahru, Malaysia yesterday, announcing that Stage 2 construction is now complete. Per the firm, construction restarted in June after a pause occasioned by the worldwide coronavirus pandemic and the Malaysian government’s movement control order in […]

Alcoa’s Preliminary Q2 Numbers Impacted By Coronavirus Woes

Pittsburgh aluminium pioneer Alcoa Corporation released preliminary results for the year’s second quarter on Wednesday, showing stability and productivity despite challenges presented by the ongoing global pandemic. Alcoa’s preliminary revenue for the second quarter totaled between US$2,100 million and US$2,175 million, down from the prior quarter’s total of US$2,381 million and off on the year […]