Asia

NALCO’s Net Profit Dipped By 51 Percent Last Quarter

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 in its performance over the same time last year. In the just-ended quarter NALCO returned a net profit of ₹459 crore, off...

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Events

Alcoa And EGA Ink Long-Term Alumina Supply Agreement

Alcoa And EGA Ink Long-Term Alumina Supply Agreement

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 […]

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Vedanta’s Bottom Line Hit Hard By Lower Aluminium Prices In First Quarter

Vedanta’s Bottom Line Hit Hard By Lower Aluminium Prices In First Quarter

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 […]

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Oman Aluminium Rolling Company Joins ASI As Production And Transformation Member

Oman Aluminium Rolling Company Joins ASI As Production And Transformation Member

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, […]

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Alba Smelts 398,252 Metric Tons Of Aluminium In First Quarter

Alba Smelts 398,252 Metric Tons Of Aluminium In First Quarter

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. […]

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EGA Pairs With RECAPP By Viola On Aluminium Recycling In Schools

EGA Pairs With RECAPP By Viola On Aluminium Recycling In Schools

Emirates Global Aluminium PJSC (EGA) last week announced a new partnership with digital recycling company RECAPP by Viola aimed at increasing aluminium recycling rates at schools and universities in the United Arab Emirates. EGA said the initiative will begin in a dozen schools in Abu Dhabi and Dubai nearby to EGA’s facilities. The project will […]

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