India’s Aluminium Trade Groups Again Call Upon Government To Implement Safeguards
With the finer details of next fiscal year’s budget being ironed out, India’s aluminium sector again took up its call...
Asia
EGA Employee Improvements Initiative Saves Firm US$5.7 Million So Far In 2019
A program that incorporates suggestions from rank-and-file employees of Emirates Global Aluminium PJSC (EGA) has saved the company AED20.8 million (US$5.7 million) since the beginning of the year. To date the program has received over 14,000 suggestions from EGA employees on improving...
India Trade Group Calls For Relief From GST On Aluminium Products
Indian trade group Confederation of All India Traders (CAIT) called upon its government to cut goods and services taxes (GST)...
Vietnam Levies Antidumping Duties On Imports Of Aluminium Extrusion And Bar From China
Vietnamese officials confirmed yesterday the imposition of antidumping duties on aluminium extrusion and bar imports from the People’s Republic of...
Events
Press Metal Inks Deal To Buy 25% Stake In PT Bintan Alumina Indonesia
Southeast Asia’s biggest aluminium smelter Press Metal Aluminium Holdings Bhd came to an agreement to purchase a 25-percent share in PT Bintan Alumina Indonesia last week. According to press reports, the agreement took the form of a Memorandum of Understanding, with details of the deal left to be agreed upon at a later date. Bintan […]
EGA Inks US$750 Million Funding Deal For Guinea Bauxite Mine Project
Emirates Global Aluminium PJSC (EGA) revealed on Tuesday that its wholly-owned subsidiary Guinea Alumina Corporation (GAC) closed a US$750-million financing deal to fund one of the country’s biggest-ever greenfield mining project. Per EGA, the loan has a 12- to 14-year tenor and is funded by a combination of development finance institutions, export credit agencies, and […]
China Planned Aluminium Scrap Ban Concerns India’s Aluminium Smelters
Restrictions soon to fall into place on scrap aluminium imported into the People’s Republic of China has aluminium producers in India concerned that the move will result in a flood of aluminium scrap washing over their country’s shores. In a step to ultimately banning their importation entirely by next year, Beijing intends to add aluminium […]
Elevated Aluminium Imports Continue To Threaten India’s Domestic Producers: AAI
Earlier this week The Aluminium Association of India (AAI) delivered a letter to its government lamenting the elevated import levels of aluminium from abroad and their wariness of the People’s Republic of China’s inclusion in the Regional Comprehensive Economic Partnership (RCEP). “The sustainability of Indian aluminium industry has been adversely impacted by the increasing imports […]
EGA Commissions Spent Pot Lining Pre-Treatment Plant At Al Taweela
Emirates Global Aluminium PJSC (EGA) announced yesterday the start-up of its AED15 million (US$4.1 million) pre-treatment and spent pot lining facility at its plant at Al Taweelah. The facility is part of a nine-year project undertaken by EGA to discover alternative uses to spent pot lining. The firm has already claimed the top spot as […]
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 ...
