Rusal Joint Venture Aluminium Wire Cable Factory Begins Production
Russian Federation aluminium giant U.C. Rusal announced on Thursday the commencement of production at Bogolsovsk Cable Factory (BCF), an aluminium...
Business
Rusal Reports 20.8 Percent Rise In Aluminium Sales During Second Quarter
Russian Federation aluminium titan U.C. Rusal released operating results for the second quarter of 2019 on Friday. Production of aluminium and alumina remained essentially level, with sales in the quarter increasing to catch up on a backlog of product trapped in inventory...
Dutch Firm Nouryon Purchases Chinese Triethyl Aluminium Producer Zhejiang Friend
Dutch chemical company Nouryon announced the recent acquisition of China’s Zhejiang Friend Chemical Co. (Friend) yesterday. Friend is China’s premier...
Kaiser Aluminum Again Beat Market Estimates In 2019’s Second Quarter
Kaiser Aluminum released financial results for the second quarter and first half of 2019 on Wednesday, besting consensus estimates for...
Events
Raw Material Problems Prompt Shutdown Of One Potline At Rio Tinto’s Iceland Aluminium Smelter
One of three potlines at Rio Tinto Group’s aluminium smelter at Hafnarfjörður has been idled due to a dearth of raw materials. Such was the announcement made to industry media on Tuesday. “Operations at the ISAL smelter have been impacted recently due to irregularities in raw material inputs,” revealed Rio Tinto media representative Matthew Klar […]
Constellium Reports 7 Percent Rise In First-Half Revenue
Amsterdam rolled and extruded aluminium leader Constellium N.V. released results for the second quarter and first half of 2019 yesterday, with gains in packaging and automotive rolled aluminium products teaming up with a consolidation at the Bowling Green plant to enhance the firm’s overall financial performance. In the second quarter Constellium shipped 413 thousand metric […]
Global Aluminium Production Falls To 5.25 Million Metric Tons In June
Global aluminium production fell in June, as the worldwide total of smelted primary aluminium last month came to 5.25 million metric tons according to numbers released by the International Aluminum Institute on Monday. Per the Institute’s numbers, June’s production was down on the month by 180 thousand metric tons on the month and 80 thousand […]
Lower Prices And Cyber Attack Take Toll On Norsk Hydro’s Q2 Financial Results
Norwegian aluminium producer Norsk Hydro ASA released financial results for the second quarter on Monday. The firm’s bottom line suffered due to the twin effects of a drop in prices and an attack on the company’s IT systems. In the second quarter, Hydro reported an EBIT of NOK656 million, down on the year from last […]
Chinalco Reports 31.8 Percent Jump In Revenue For 2019’s Opening Half
Despite growing downward pressure on the industry and evaporating profit margins, Aluminum Corporation of China (Chinalco) reported a record high in revenue for the first half of the year yesterday. According to state-run media, Chinalco recorded CNY170 billion (US$24.7 billion) in revenue for the opening six months of 2019, good for an increase of 31.8 […]
Zhongwang Fake Semis Prosecution May Slam The Door On Key Routes For U.S. Import Duty Avoidance
The global aluminium market has been watching the trials and travails of Chinese behemoth Zhongwang with intense interest for the past few weeks after the company and its founder Liu Zhongtian were brought up on criminal charges by the United States federal ...
Aluminium Prices Under Double Pressure: Trade Wars and Chinese Exports
Base metals prices tumbled to their lowest in several weeks at the start of August, after U.S. President Donald Trump ...
Dirty Metal – China’s Troublesome Tether Between Coal And Aluminium
The year 2019 has been a red-letter year for the aluminium sector in the People’s Republic of China. Despite trade ...
Is Rio Tinto’s ISAL smelter a bargain or a smart investment?
At least three companies (including Swiss commodity trader Glencore and German Trimet Aluminium) have expressed interest in buying Rio Tinto’s ...
