Staff

Lochaber Aluminium Smelter Loses £4 MM Despite £586 MM Government Guarantee

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...

Events

European Aluminium Backs EU Campaign To Reduce Reliance On Russian Petroleum

The European Aluminium Association lauded the European Union last week on its initiative aimed at reducing the continent’s dependence upon Russian fossil fuels. In a position paper released by the Association, the organization voiced its support for the “Save Gas for a Safe Winter” program that they say will help alleviate high electrical prices and […]

Norsk Hydro Plans US$15 MM Expansion To Aluminium Remelting Plant In NW Kentucky

Norwegian aluminium producer Norsk Hydro ASA announced a planned US$15 million expansion of its aluminium remelting facility in Henderson, Kentucky last week. Hydro said in a press release that the capital expenditure would allow the plant to produce advanced aluminium alloys intended for the automotive industry. Among the aluminium products to be produced at the […]

Aluminium Stewardship Initiative Certifies Three North American Novelis Plants

Trade group Aluminium Stewardship Initiative certified a trio of Novelis’s North American aluminium plants under its ASI Performance Standard V2 (2017) last week. ASI said in a press release that Novelis production facilities in Georgia, Kentucky, and Ohio join eleven of the company’s plants in Europe and sites in the Republic of Korea (South Korea) […]

Rusal Places First Ever Yuan Bonds In Russia

Aluminium titan U.C. Rusal this week announced the first ever Yuan bond placement in its home country of Russia. Per the firm, the new bond placement enjoyed significant interest, as demand was more than double the amount of bonds on offer. The bonds had a fixed coupon rate of 3.9 percent per annum and a […]