Asia

Challenging Aluminium Market Takes Toll On Rusal’s Bottom Line In Q2

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 yesterday. Though production was generally level or better in both periods, a precipitous drop in global aluminium prices exacted a toll on...

Events

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 […]

Global Aluminium Production Falls To 5.25 Million Metric Tons In June

Global aluminium production fell in June, as the worldwide total of smelted primary aluminium last month came to 5.25 million metric tons according to numbers released by the International Aluminum Institute on Monday. Per the Institute’s numbers, June’s production was down on the month by 180 thousand metric tons on the month and 80 thousand […]

OCEA Launches Largest Ever Aluminium Offshore Patrol Vessel For Philippine Coast Guard

French shipbuilder OCEA launched the world’s largest aluminium offshore patrol vessel (OPV) ever built last week as part of an international competition to highlight the cost effectiveness and CO2 emissions reduction possible when using aluminium hulls. Built as part of a contract with the Coast Guard of the Philippines and the Department of Transportation (DOTr), […]