Asia

Novelis Record Financial Performance Shines Amid Dim Results For Hindalco In FY ‘20’s First Quarter

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 the firm a challenge in the quarter, Hindalco says stable operational performance carried it through. In the first quarter Hindalco’s consolidated EBITDA...

Events

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 […]

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 […]