Business

OCEA Launches Largest Ever Aluminium Offshore Patrol Vessel For Philippine Coast Guard

OCEA Launches Largest Ever Aluminium Offshore Patrol Vessel For Philippine Coast Guard

French shipbuilder OCEA launched the world’s largest aluminium offshore patrol vessel (OPV) ever built last week as part of an international competition to highlight the cost effectiveness and CO2 emissions reduction possible when using aluminium hulls. Built as part of a contract...

Events

South32 Alumina Production Jumps 9 Percent Last Quarter To 1,307kt

Australian metals miner South32 Limited updated investors on progress during the closing quarter of fiscal year 2019 yesterday. Overall alumina production in the June quarter rose by 9 percent, with Worsley Alumina leading the charge with a 12-percent jump in production. South32 reported a 1-percent increase of production for the year at Worsley Alumina, ending […]

Gränges Shanghai Automotive Aluminium Production Plant Gains ASI Certification

Swedish rolled aluminium firm Gränges AB’s Shanghai production facility is the latest plant to achieve certification against the Aluminium Stewardship Initiative’s Performance Standard. The plant’s production includes aluminium strips and plates used in automotive manufacturing applications. ASI notes the certification’s symbol as an ongoing commitment to environmental, social, and governance responsibility. Gränges’s Shanghai plant boasts […]

Weak Alumina And Aluminium Prices Hinder Alcoa’s Profitability In Q2

Pittsburgh aluminium pioneer Alcoa Corporation reported results for the second quarter of 2019 yesterday. Weaker alumina and aluminium prices teamed up with the sale of the firm’s interest in a Saudi Arabian joint venture to scare off profits. In the second quarter, Alcoa reported revenue of US$2,711 million, essentially level quarter-on-quarter from last quarter’s revenue […]

Metro Mining Increases Bauxite Hills Reserve Estimate By 18.8 Percent

Australia’s Metro Mining Ltd. updated investors on its reserves and resources yesterday, one year on from commencement of operations at its Bauxite Hill Mine. Per the firm, the new numbers translate into potentially extending the mine’s life to 2037, three years beyond previous estimates. In its update, Metro said its total reserve estimate for Bauxite […]

Rusal Makes Initial Payment On Planned Braidy Aluminium Rolling Mill

Russian Federation aluminium giant Rusal made the first in a series of payments on a US$200 million investment in Kentucky aluminium alloy and rolled aluminium producer Braidy Industries late last week. However, according to filings recently made by the firm to the Securities and Exchange Commission, Braidy is now expected to raise another US$300 million […]