Market Selection

Norsk Hydro Places NOK3,000 MM New Sustainability-Linked Bonds

Norsk Hydro Places NOK3,000 MM New Sustainability-Linked Bonds

Norway’s aluminium titan Norsk Hydro ASA announced the successful placement this week of NOK3,000 million (US$302.7 million) new senior unsecured sustainability-linked bonds, split into two equal tranches. Per the firm, Hydro divided the placement into 6-year NOK 1,500 million with a floating...

Events

EGA And ITOCHU Extend Cooperation On Specialty Aluminium Projects

Emirates Global Aluminium PJSC (EGA) signed an agreement with ITOCHU Corporation of Japan last week to explore collaboration on joint projects in the United Arab Emirates that will help the country further the aims of its Operation 300bn domestic industrial growth strategy. The two firms have a history of collaboration for over three decades consisting […]

ASI Certifies Ardagh Metal Packaging’s Aluminium Plants In Germany And France

The Aluminium Stewardship Initiative (ASI) announced last week the certification of Ardagh Metal Packaging (AMP) under ASI’s Performance Standard (V2) 2017 at both its regional headquarters in Germany and its aluminium production plant in France. ASI certified AMP’s regional headquarters in Bonn’s centralized operational functions, global support functions, and quality assurance, while the certification at […]

Rusal Calls On LME To Report Origin Of All Aluminium In Its Warehouses

Russian aluminium giant UC Rusal has called upon the London Metal Exchange to disclose the origin of the entirety of its aluminium reserves, not just those from Russia. Rusal spoke out in response to the LME’s discussion over identifying Russian aluminium’s origin in its system. Several aluminium producers have called for the complete ban on […]

Arconic Completes Sale Of Russian Aluminium Assets To Russian Titanium Giant

Pittsburgh aluminium value-added firm Arconic announced the completion of the sale of the entirety of its Russian operations to Promishlennie Investitsii LLC for US$230 million. Arconic notes that the closing occurred upon the receipt of all necessary approvals, at which point Promishlennie Investitsii tendered the US$230 million cash payment. The cash held in Russia was […]

Aluminium Bahrian Closes Financial Books On Power Station 5 Block 4 Project

Aluminium Bahrain B.S.C. (Alba) announced this week that it has reached the financial close for the Power Station 5 Block 4 Project. In a virtual ceremony, Chief Executive Officer Ali Al Baqali, Chief Power Officer Amin Sultan, Chief Financial Officer Bryan Harris were joined by senior representatives from SEPCOIII, including Vice President Jie Li, and […]