Business

China Bauxite Imports Fall By 6 Percent In August Thanks To The Rains In Africa

China Bauxite Imports Fall By 6 Percent In August Thanks To The Rains In Africa

Adverse weather conditions are to blame for the drop in imported bauxite ore by buyers in the People’s Republic of China, as rainy weather in Guinea hampered exports of the aluminium precursor to the Middle Kingdom in August. According to data released...

Events

Norsk Hydro Announces Company-Wide Restructuring

Norwegian aluminium giant Norsk Hydro ASA said yesterday it will soon implement a plan to increase returns and cash flow via a wide-ranging effort at improving and restructuring its business areas, all while emphasizing sustainability in its business practices. The plan, which will be unveiled at Hydro’s Investor Day 2019, will outline Hydro’s new strategic […]

Rusal Launches Russia’s First US$750 MM Sustainability Linked Pre-Export Finance Facility

Russian Federation aluminium titan U.C. Rusal said yesterday it is preparing to enter a new five-year sustainability-linked syndicated facility worth US$750 million. It will be the first such facility ever arranged by international commercial banks in Russia. Rusal says the proceeds from the Sustainability Linked Pre-Export Finance (PXF) facility will be used to refinance outstanding […]

Electric Vehicles (EVs): outlook for sales and aluminium demand

After last year’s electric vehicles (EVs) sales increase of 72% year/year, to 2.02 million, this year’s growth is expected to slow to around 3 million EVs sold, or around 50% increase y/y. But there’s an important caveat: the figure operates under the assumption that sales will recover in the second half of the year, as […]

ALCORE Produces Initial Batch Of Aluminium Fluoride At Research Facilities

Australian Bauxite Limited (ABx) said today its wholly-owned subsidiary ALCORE Limited has achieved the next major milestone on the road to commercial production and sale of aluminium fluoride (AlF3), namely the small-scale production of AlF3 at its research facilities. ABx says lab production of AlF3 represent several accomplishments important for commercial production. Firstly it demonstrates […]

Alcoa Selected As Aluminum Industry Leader For 2019 Dow Jones Sustainability Indices

Pittsburgh aluminium pioneer Alcoa Corporation has been named to the 2019 Dow Jones Sustainability Indices (DJSI) as an Aluminum Industry leader after a rigorous selection process and evaluation of its sustainability practices. The firm takes its place on the DJSI North America Index, which is a listing of the top fifth of North America’s 600 […]