CRU Debuts New Sustainability Intelligence Service for Commodities
Market research firm CRU launched a new product earlier this week that is aimed at helping aluminium and other commodity...
Staff
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...
Aluminium Bahrain Inaugurates New Mangrove Nursery
Aluminium Bahrain (Alba) inaugurated a mangrove nursery last week to mark the International Day for the Conservation of the Mangrove...
Guinea Alumina and Electricité de Guinée Ink Agreement On Sustainable Electricity Supply
Emirates Global Aluminium (EGA) affiliate Guinea Alumina Corporation (GAC) and Electricité de Guinée (EDG) signed an agreement to guarantee a...
Events
European Trade Group Pushes Back Against Calls For Banning Russian Aluminium In LME Warehouses
The war of words over Russian aluminium at London Metal Exchange warehouses continued on Friday, as another trade industry group came out in opposition to calls to ban it from the platform. On Friday, the Federation of Aluminium Consumers in Europe (FACE) released a statement along with the German Federal Association for Economic Development, 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 […]