Novelis Nets US$306MM In Latest Financial Quarter

Novelis Nets US$306MM In Latest Financial Quarter

Atlanta’s rolled aluminium firm Novelis reported results for the first quarter of fiscal year 2024 this week. Although numbers were lower on the year in many areas, company officials say they are better than expected under the prevailing market conditions. In the...


Rusal Considering Restarting Nigerian Aluminium Smelter

Embattled Russian aluminium producer UC Rusal is weighing restarting an aluminium smelter in Nigeria that has been idle for a decade. Last week Nigeria’s vice president Kashim Shettima discussed the possibility with Rusal brass at the Russia-Africa meeting in St. Petersburg. The Nigerian government is already working on restoring production at the Alscon aluminium smelter. […]

Rio Tinto Books A$1.2 Billion In Losses Due To Carbon Reduction Efforts

Anglo-Australian mining giant Rio Tinto Group was forced to write off A$1.2 billion in losses and devaluation to its aluminium refineries in Australia due to the cost of its carbon emission reduction efforts at the sites. Rio Tinto CEO Jakob Stausholm said in an interview earlier this week that Australia currently does not produce even […]

Norsk Hydro And Rusal In War Of Words Over Russian Aluminium In LME Warehouses

Norsk Hydro ASA appealed to the London Metal Exchange last week to reverse its decision not to ban Russian-source aluminium, and Rusal responded by accusing Hydro of seeking to punish Russian aluminium producers for its own benefit. Reuters reported on the letter to the LME last week, and the LME responded by saying that it […]

Constellium Reports 11 Percent Rise In Value Added Revenue In Q2 To €785MM

Aluminium smelter Constellium SE reported results for the second quarter and first half of 2023 this week. Lower metal prices took their toll on the bottom line, but improvements in the A&T segment buoyed results. In the second quarter, Constellium shipped 398 thousand metric tons of product, off by 6 percent on the year. Revenue […]