Nalco Reports 69 Percent Drop In Quarterly Profit Due To Higher Costs And Lower Aluminium Prices
India’s National Aluminium Co Ltd (NALCO) struggled in the quarter ending on December 31, reporting a 69 percent drop in...
Asia
Rio Tinto Partners With Marubeni To Increase Aluminium Sustainability In Japan
Anglo-Australian mining giant Rio Tinto Group is teaming up with Japanese trader and business conglomerate Marubeni Corporation on a collaboration to purchase Rio Tinto’s low-carbon aluminium for sale to Japanese downstream manufacturers. The firm said that the Collaboration Agreement’s first sale of...
Emirates Global Aluminium Partners With NAFIS On Domestic Hiring Initiative
Emirates Global Aluminium PJSC (EGA) announced last week the signature of an agreement with Emirati Talent Competitiveness Council (NAFIS) to...
Novelis Named Hyundai’s 2022 Supplier Of The Year
Atlanta’s rolled aluminium firm Novelis Inc. was named Hyundai Motor Group’s “2022 Supplier of the Year” last week at the...
Events
Aluminium Bahrain’s 2022 Bottom Line Hit Hard By Challenges To Global Market
Aluminium Bahrain B.S.C. (Alba) reported results for the final quarter and full year of 2022 last week. Although financial metrics were down almost across the board, Alba praised its workforce for strong results despite the multiple challenges faced by the aluminium market in 2022. In the fourth quarter Alba reported a profit of BD39.4 million […]
EGA Partners With Microsoft UAE On Digital Aluminium Solutions
Emirates Global Aluminium PJSC (EGA) announced this week a new partnership with Microsoft UAE to collaborate on Industry 4.0 and overall digital transformation for the global aluminium industry. The new agreement will have the two firms working to implement EGA’s Digital Roadmap, a plan that aims to implement new digital transformative technology. To date the […]
Sources Say Glencore Delivered 40 Thousand Metric Tons Of Russian Aluminium to LME Warehouses In South Korea
Individuals claiming knowledge of the situation told Reuters this week that Glencore has sent 40 thousand metric tons of aluminium from Russia to London Metal Exchange warehouses in the Republic of Korea. Two sources who spoke to the wire service on condition of anonymity said Glencore had in its possession too much Russian aluminium than […]
EGA Sent Almost Twice As Much Waste Product As Feedstock To Other Industries Than It Produced In 2002
Emirates Global Aluminium PJSC (EGA) supplied almost double the amount of waste feedstock to other industries in 2022 as it produced, topping last year’s total supplied waste feedstock by 40 percent. The firm said last week it supplied 203 thousand metric tons last year to other industries, reducing the amount of material its aluminium operations […]
Emirates Global Aluminium Expects IPO By Coming Summer
An initial public offering (IPO) for Emirates Global Aluminium PJSC (EGA) may come as soon as this summer according to one of the firm’s major shareholders. Mubadala Investment Co. Chief Executive Officer Khaldoon Khalifa Al Mubarak said on the sidelines of the World Economic Forum meeting in Davos this week that the main hurdle would […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
