Asia

Alcoa Transfers Interest In Aluminium Rolling Mill Joint Venture To Ma’aden

Alcoa Transfers Interest In Aluminium Rolling Mill Joint Venture To Ma’aden

Pittsburgh aluminium pioneer Alcoa Corporation announced yesterday the amendment of its joint venture with Saudi Arabian Mining Company (Ma’aden), which will have the firm transfer its interest in a portion of the aluminium complex to Ma’aden along with a cash payment of...

Events

Japanese Premiums For Aluminium Shipments Increase By 3 Percent In Third Quarter

Third-quarter premiums for Japanese aluminium shipments will rise by 3 percent to US$108 per metric ton thanks to a fall-off in supply that overrode apprehension over a possible drop in regional demand. The rise in premiums is the second consecutive rise, following an increase to US$105 per metric ton in April. Sources who spoke to […]

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 processes at worksites and reducing costs. In addition, the firm conducted a program […]

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 to increase import duties on primary, scrap, and downstream aluminium, and rationalization of aluminium production input costs. The Federation of Indian Chambers of Commerce and Industry (FICCI) and the Aluminium Association of India (AAI) have […]

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) on a variety of products produced domestically last week, including aluminium utensils and auto parts. The Confederation also counseled a review of other items that were assigned other tax treatment by the country’s GST regime […]

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 China following a five-month investigation. On Wednesday the Vietnamese Ministry of Industry and Trade announced the duties, which range from 2.46 percent to 35.58 percent. The duties, which are slated to run for 120 days, […]