Business

South32 Posts Solid Numbers for Just-Ended FY2016

South32 Posts Solid Numbers for Just-Ended FY2016

Australian metals miner South32 released its Quarterly Report last week. The firm’s numbers met or exceeded FY2016 guidance for the just-ended financial year. According to the report, South32 produced 963,000 metric tons of aluminium, which was slightly less than the one million...

Events

Kaiser Aluminum Posts Better Numbers for Second Quarter and First Half of 2016

American semi-fabricated aluminium firm Kaiser Aluminum announced second quarter and first half 2016 results late Wednesday. The firm’s net income for the just-ended quarter was US$26 million, up US$6 million year-on-year. Adjusted net income (excluding non-run-rate items) was US$19 million in the quarter, down from US$23.1 million in Q2 2015. Both results include roughly US$11 […]

CME Group Announces First Trade of New Aluminium A380 Alloy Contract

American derivatives marketplace CME Group (Chicago Mercantile Exchange & Chicago Board of Trade) announced yesterday that the first trades of its new Aluminum A380 Alloy (S&P Global Platts) futures contracts were executed on Tuesday. The organization went on to say that fifty such contracts were traded in the August to December 2016 timeframe. “We’re pleased […]

Aleris Lands Long-Term Supplies Contract with Airbus

Cleveland rolled and extruded aluminium firm Aleris announced yesterday that it has secured a long-term supply contract with French aerospace firm Airbus SAS. According to the press release, the multi-year contract will have Aleris supplying Airbus aluminium plate and sheet (including advance wing-skin material) for use on the entirety of Airbus’ offerings, beginning in 2017. […]

JISCO Acquires Alpart from Rusal for US$299 MM

Russian aluminium major UC Rusal announced yesterday that it has agreed to sell Alumina Partners of Jamaica (Alpart) to Jiuquan Iron & Steel (Group) Co. Ltd. (‘JISCO’) of China. According to the press release, Rusal will be receiving US$300 million for Alpart, and that the sale is part of Rusal’s efforts to improve the firm’s […]