Nalco’s Odisha Aluminium Smelter Reaches Full Production For The First Time In Company History
Indian state-owned aluminium smelter National Aluminium Company Limited (NALCO) has, for the first time in its history, achieved full operation...
Asia
Indonesia To Halt Bauxite Exports By End Of 2022
Indonesian president Joko Widodo said last week that the country will cease its exports of bauxite ore by year’s end and do the same with copper ore by the close of next year. In a bid to increase its downstream economy and...
Completion Of Spent Pot Lining Treatment Plant Puts Aluminium Bahrain Well On Way To ESG Goals
Aluminium Bahrain B.S.C. (Alba) updated investors on its environmental, social, and governance (ESG) goals last week, declaring that it is...
Alba Smelts Record 1.6 MM MT Of Aluminium In 2021
Aluminium Bahrain B.S.C. (Alba) announced this week that it smelted 1,561,222 metric tons of primary aluminium in 2021, setting an...
Events
EGA Retires US$361 MM In Indebtedness Early In 2021
Emirates Global Aluminium PJSC (EGA) announced last week the full repayment ahead of schedule of the project finance facilities that funded its aluminium smelter at Al Taweelah in Abu Dhabi. EGA retired the debt to 13 export credit agencies totaling US$361 million that was negotiated by its subsidiary Emirates Aluminium. The instruments funded phases one […]
Indian Conglomerate Adani Group Plans Alumina Refinery And Aluminium Smelter
India’s Adani Group announced last week its intention to enter the aluminium sector with the building of an alumina refinery and an aluminium smelter in its home state of Gujarat. Adani subsidiary Adani Enterprises announced on Saturday the birth of another subsidiary to handle its foray into aluminium. Mundra Aluminium Limited was incorporated by the […]
Indonesia’s PT Adaro Plans US$728 MM Aluminium Smelter For North Kalimantan
Indonesian coal company PT Adaro Energy announced last week its plans for a US$728 million aluminium smelting plant on the island of Borneo. The firm said in a statement that subsidiary PT Adaro Aluminium Indonesia signed a letter of intent on the project, which it has agreed to build in the Green Industrial Park Indonesia […]
Vedanta Debuts New High-Speed Aluminium Billet For Extrusion Market
India’s biggest aluminium producer Vedanta Ltd. debuted this week special “high-speed” aluminium billet customized for use in aluminium extrusions in an online event attended by downstream and other value-added aluminium stakeholders. Vedanta said its new line of aluminium billet is capable of increasing the speed of extruding aluminium by 25 percent. The firm utilized several […]
Hindalco Purchases Kuppam Aluminium Extrusion Plant From Norsk Hydro For US$33 MM
Norway aluminium producer Norsk Hydro ASA has agreed to sell its Kuppam extrusion plant to Hindalco for US$33 million according to announcements by both companies earlier this week. The firms say the deal is an asset sale that will incur no debt. The fully integrated facility in Andhra Pradesh boasts a capacity of 15 thousand […]
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 ...
