NALCO’s Net Profit Dipped By 51 Percent Last Quarter
India’s National Aluminum Company Ltd (NALCO) turned in results for the final quarter of fiscal year 2023, registering a decline...
The Indonesian government said last week that it expects to receive up to US$31.9 billion in investments in aluminium and other raw materials through 2026 as part of its ramp-up of the domestic battery supply chain. A large part of the rationale...
India’s National Aluminum Company Ltd (NALCO) turned in results for the final quarter of fiscal year 2023, registering a decline...
Emirates Global Aluminium (EGA) and British oil and gas firm BP p.l.c. have signed a memorandum of understanding to search...
Aluminium Bahrain (Alba) and Electricity and Water Authority (EWA) have signed an operation and maintenance agreement this week. The new...
Emirates Global Aluminium (EGA) will be supplying Gulf Extrusions and the Mohammed Bin Rashid Space Centre (MBRSC) with its CelestiAL solar-powered low-carbon aluminium for MBRSC’s next satellite. EGA said MBRSC will use CelestiAL on its MBZ-SAT, which will be a highly advanced commercial satellite. The satellite, which will be launched in 2024, will return to […]
Pittsburgh aluminium pioneer Alcoa Corporation and Emirates Global Aluminium (EGA) announced this week a new agreement in which Alcoa will supply alumina to EGA’s aluminium smelters. The agreement will begin next year and will reserve 15.6 million metric tons of alumina from Alcoa’s alumina refineries in Western Australia and will run for a term of […]
Indian metals miner Vedanta Ltd turned in much lower numbers than usual in the previous quarter, thanks in large part to a drop in prices for aluminium and other metals. Last week the firm reported a 68 percent drop in consolidated net profit for the previous quarter, coming in at ₹18.18 billion (US$230 million). This […]
The Aluminium Stewardship Initiative (ASI) announced last week the inclusion of new Production and Transformation member Oman Aluminium Rolling Company (OARC). Chartered in 2011, OARC is a green field aluminium rolling mill in Oman. The plant in the Sohar Industrial Estate has a nameplate capacity of 140 thousand metric tons of rolled aluminium per year, […]
Aluminium Bahrain (Alba) released results for the first quarter of 2023. Results were lower across the board, which the firm chalks up to a lower LME price and premiums. In the year’s first quarter, Alba reported a profit of US$126.2 million, off by 68 percent on the year from last year’s total of US$390.4 million. […]
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 ...
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...