Business

Weak Fourth Quarter Drags Rusal’s 2019 Financials Down As Greater Impact From Coronavirus Looms Ahead

Weak Fourth Quarter Drags Rusal’s 2019 Financials Down As Greater Impact From Coronavirus Looms Ahead

Russian Federation aluminium giant U.C. Rusal released financial results for 2019 this week, reporting a sharp increase in net losses during the year’s final quarter. The firm predicted the recent coronavirus outbreak is likely to make a significant impact upon the global...

Events

EGA Extends Alumina Deal With Vinacomin Through 2023

Emirates Global Aluminium PJSC (EGA) announced yesterday the signing of a new three-year deal with Vietnam’s Vinacomin for the supply of alumina to EGA’s smelters. The new agreement extends a contract between the two firms that was initially begun toward the end of 2017 and was slated to expire at year’s end. EGA will continue […]

Tariffs On Brazil Aluminium Imports Still A Possibility: Trump

Though praising the country’s executive, United States President Donald Trump did not indicate that he would back down on planned aluminium and steel tariffs against Brazilian exporters to the US. Trump was queried by reporters late last week at a dinner at Mar-a-Lago between himself and Brazilian president Jair Bolsonaro by reporters regarding the possibility […]

Blaze At Albras Halts Aluminium Smelting At One Of Four Potlines

An electrical fire late last week at Norsk Hydro’s Albras Alumínio Brasileiro S.A.’s (Albras) in Brazil has shut down one of the plant’s four production lines, and the firm has yet to reveal a timetable for the resumption of smelting on the line. Hydro says the fire started for as-yet-undetermined reasons on Friday morning local […]