Novelis Record Financial Performance Shines Amid Dim Results For Hindalco In FY ‘20’s First Quarter
Indian metals firm Hindalco reported results for the first quarter of fiscal year 2020 last week. Though the market presented...
Asia
Nalco And Midhani Link Up To Form Aluminium Alloy Joint Venture
Indian state-owned aluminium producer National Aluminium Company (Nalco) and Indian Defence Ministry’s Mishra Dhatu Nigam (Midhani) announced last week a new joint venture that will manufacture aluminium alloy plate and sheet. Nalco made the announcement last Thursday after the close of the...
Challenging Aluminium Market Takes Toll On Rusal’s Bottom Line In Q2
Russian Federation aluminium giant U.C. Rusal released production and financial results for the second quarter and first half of 2019...
Vedanta Plans To Leverage Coal Security Into Lower Aluminium Production Costs: CEO Venkatakrishnan
Vedanta Ltd’s capacity expansion will be done while keeping the goal of cost control at the forefront of the process....
Events
Singapore Firm Granted Patent For New Aluminium-Copper Alloy Electroplating Process
Singaporean metals firm Nico Steel Holdings said Monday it has obtained a 20-year patent for a new process for electroplating an aluminium alloy with copper. The patent, which was granted by China’s National Intellectual Property Administration, is back-dated to June and covers a proprietary alloy product called NICO-CCU. Nico uses a proprietary alloy, dubbed NICO […]
Bauxite Mining SOP For Pahang Soon To Be Finalized: Natural Resources Minister
The regulations under which bauxite mining and export will be carried out in Pahang are now ready to be finalized, bringing miners one step closer to resuming bauxite ore extraction activities. Such was the announcement made by Water, Land and Natural Resources Minister Dr. A. Xavier Jayakumar earlier this week. In a statement released on […]
Vedanta To Export Over Half Its Output As India’s Aluminium Imports Continue To Rise
Even as India’s aluminium imports continue to rise, Vedanta Ltd. plans to increase its exports of the metal. Such was the message from a company officer who spoke with domestic media earlier this week. In the current fiscal year the firm plans to send over half its primary aluminium production overseas. As India’s premier aluminium […]
Alba Sees Sales Volumes Rise By 21 Percent In Q2
Aluminium Bahrain B.S.C. released financial results for the second quarter and first half of 2019 on Sunday. Alba turned in a weaker than hoped performance in both periods due to tepid prices at the LME. The second quarter saw Alba post a total comprehensive loss of BD3.3 million (US$8.8 million), a reversal on the year […]
Vedanta Pushes Alumina Production Cost To Record Low In Previous Quarter
Indian metals miner Vedanta Ltd produced alumina at the lowest cost in two years during the prior quarter, with the cost per metric ton falling by 17 percent to US$284. In an investor presentation prepared on the first quarter of fiscal year 2020, Vedanta said better bauxite sourcing from the government via Odisha Mining Corporation […]
Are Things Finally Looking Up For The Aluminium Market?
Base metals prices recovered sharply in the first half of September, after a seasonal slump in August, as investors and traders hope that easing trade tensions between U.S. and China might boost demand for metals in the remaining part of the year. ...
Zhongwang Fake Semis Prosecution May Slam The Door On Key Routes For U.S. Import Duty Avoidance
The global aluminium market has been watching the trials and travails of Chinese behemoth Zhongwang with intense interest for the ...
Aluminium Prices Under Double Pressure: Trade Wars and Chinese Exports
Base metals prices tumbled to their lowest in several weeks at the start of August, after U.S. President Donald Trump ...
Dirty Metal – China’s Troublesome Tether Between Coal And Aluminium
The year 2019 has been a red-letter year for the aluminium sector in the People’s Republic of China. Despite trade ...
