Business

Alba Records 25-Percent Rise In Aluminium Sales Volume In Year’s Opening Half

Alba Records 25-Percent Rise In Aluminium Sales Volume In Year’s Opening Half

Aluminium Bahrain B.S.C. released production numbers for the second quarter of 2019 over the weekend. Despite sagging prices at the London Metal Exchange, Alba turned in double-digit increases in both sales volume and throughput in the quarter. During the year’s second quarter...

Events

Rusal Places Second Set Of Ruble Bonds This Year On Moscow Exchange

Russian Federation aluminium titan U.C. Rusal announced yesterday the closing of the book-building process for the second successful ruble bond placement the firm has made this year on the Moscow Exchange. The just-completed bond placement is a 10-year bond with a 3.5-year put option and has a nominal value of ₽15 billion (US$236 million). A […]

ABx’s ALCORE Begins Refining Bauxite Into Aluminium Fluoride

Australian Bauxite Limited (ABx) updated the market on Wednesday as to progress on the ALCORE Limited project, noting that it has achieved the project’s third milestone on the road to commercial production of aluminium fluoride (AlF3). ABx says the project has begun chemical refining of bauxite ore into aluminium fluoride with the removal of silicon […]

Rusal Promoted To AAA Credit Rating By Top Chinese Rating Agency

Russian Federation aluminium giant U.C. Rusal announced yesterday that its credit rating was upgraded to AAA status by a top credit rating agency in the People’s Republic of China. Per the firm, China Chengxin Securities Rating Co., Ltd. boosted Rusal’s credit rating from AA+ and assigned it a Stable outlook due to its improved financial […]

Gestamp Opens Second Aluminium Automotive Components Plant In Slovakia

Spanish metal automotive components maker Gestamp Automoción opened a new production plant in Nitra, Slovakia last week that is dedicated to the production of aluminium automotive parts. The new €130-million plant will produce aluminium parts primarily for Jaguar Land Rover, which recently began producing units of its Land Rover marque in Slovakia. Gestamp says its […]