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...
Business
Ball Corporation To Purchase Brazil’s Aluminium Aerosol Firm Tubex For US$80 Million
Last week Colorado’s Ball Corporation entered into an agreement to purchase Brazilian aluminium aerosol firm Tubex Industria E Comercio de Embalagens Ltda for US$80 million. According to Ball, the purchase will enhance the firm’s presence in South America, as the demand for...
Japan’s First Second Quarter Aluminium Premiums Deal Lower By 22 Percent From 2019
Japan saw the first significant aluminium delivery deal for the second quarter of this year settle at US$82 per metric...
Construction At Altech’s Johor High-Purity Alumina Plant Progressing One Month Ahead Of Schedule
Australian innovator Altech Chemicals Ltd. updated investors regarding progress on construction at its high-purity alumina (HPA) production site in Johor,...
Events
Arbitrator Compels Sale Of Aleris’s Lewisport Plant For DOJ Approval Of Novelis Buy-Out
The arbiter assigned to the dispute between the United States Department of Justice and Atlanta’s rolled and recycled aluminium firm Novelis Inc. determined Aleris must sell its plant in Lewisport, Kentucky to satisfy the department’s antitrust concerns in relation to Novelis’ buy-out. Earlier this week the arbitrator found that aluminium and steel are not of […]
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 […]
Prices For Second Quarter Aluminium Deliveries Rise In Japan As Coronavirus Depresses Demand
Prices for aluminium in Japan have jumped by over one fourth over last quarter’s asking price, but buyers have shown little interest in those prices due to weak demand. Such is the situation as relayed by sources involved in the negotiations to the news service Reuters earlier this week. According to a trio of sources, […]
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both businesses and policymakers to accelerate decarbonization efforts. However, with COVID-19 disrupting lives and economies in an unprecedented manner, countries across the globe ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
Aluminium of Greece (AOG): is the Pechiney spirit still alive?
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
