Australian Bauxite Fast Tracks REE Drilling Campaign In Northern Tasmania
Australian Bauxite Limited (ABx) said this week that its drilling campaign at Deep Leads and Rubble Mound rare earth elements...
Business
South32’s Aluminium Operations Take Hit in 2022 Due To Shipping Snarls
Australian metals miner South32 noted in a quarterly filing that its production of aluminium and other minerals were on par with expectations, but it saw an impact on working capital thanks to an inventory build-up due to shipping delays. The fourth quarter...
Fujian Nanping Aluminium Co, LTD Joins ASI As Production And Transformation Member
The Aluminium Stewardship Initiative (ASI) announced last week that Fujian Nanping Aluminium Co., LTD recently became its newest Production and...
Alcoa Generates US$12.5 Billion In Revenue In 2022
Pittsburgh aluminium pioneer Alcoa Corporation released results for the last quarter and full year of 2022 last week. High raw...
Events
Emirates Global Aluminium Expects IPO By Coming Summer
An initial public offering (IPO) for Emirates Global Aluminium PJSC (EGA) may come as soon as this summer according to one of the firm’s major shareholders. Mubadala Investment Co. Chief Executive Officer Khaldoon Khalifa Al Mubarak said on the sidelines of the World Economic Forum meeting in Davos this week that the main hurdle would […]
ALCORE Receives First A$7.5 MM Payment In Grant For Aluminium Bath Recycling Plant
Australian Bauxite Limited (ABx) announced this week that its subsidiary ALCORE Limited received the first payment of a A$7.5 million grant from the Australian government’s Modern Manufacturing Initiative (MMI). The first payment of A$3.3 million will be used to fund the firm’s proposed A$16.4 million aluminium bath recycling plant, which it plans for construction at […]
China’s Aluminium Production Sets New Record High In 2022 As Imports Fall Off
Numbers released this week by Beijing show that the People’s Republic of China’s aluminium production rose to a new record high last year as imports of primary aluminium fell off steeply from the prior year’s total. In 2022, aluminium smelters in China bested the prior year’s production by 4.5 percent, setting the new record at […]
Aluminium Bahrain Commissions Forced Cooling Network Project At Potlines 4 and 5
Aluminium Bahrain B.S.C. (Alba) kicked off 2023 this week by launching its Forced Cooling Network (FCN) Project at Potlines 4 and 5 earlier this week. The project will boost the amperage at Potlines 4 and 5 to 410 kA, which is expected to translate to an increase in production capacity of around 17 thousand metric […]
EGA Forms Aluminium Recycling Coalition
Emirates Global Aluminium PJSC (EGA) announced this week the formation of the Aluminium Recycling Coalition, a coalition intended to increase the rate of aluminium recycling in the United Arab Emirates. Among the members of the new coalition are Abu Dhabi Waste Management Company (Tadweer), Aujan Coca-Cola Beverages Company, Coca-Cola Al Ahlia Beverages Company, BEEAH Tandeef, […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
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 ...
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 ...
