Metso Outotec To Provide Bauxite Grinding Equipment For NALCO’s Damanjodi Alumina Refinery
India’s National Aluminium Company (NALCO) has chosen Finnish mining operations and technology firm Metso Outotec to engineer and deliver a...
Asia
EGA Begins Second Phase Of Al Taweelah Aluminium Smelter Expansion Ahead Of Schedule
Emirates Global Aluminium PJSC (EGA) announced this week that it has begun the second phase of the expansion of its aluminium smelter at Al Taweelah ahead of schedule. EGA said in a press release that the second phase will add 26 new...
UAE’s Mubadala Buys 2.6-Percent Share In En+ Group
UAE’s state-owned investment company Mubadala Investment Company PJSC purchased a 2.6 percent share of aluminium giant U C Rusal’s parent...
Sources Say EGA Seeking Refinance Of US$6 Billion Loan
Sources claiming knowledge of the situation told Reuters that Emirates Global Aluminium PJSC (EGA) is in talks with various financial...
Events
Alba Hosts Virtual ESG Week Focusing On Environmental Stewardship
Aluminium Bahrain B.S.C. (Alba) launched a campaign this week to promote and enhance its environmental, social, and governance (ESG) matters. The campaign is in conjunction with the Gulf Aluminium Council’s (GAC) ESG Week. The initiative, dubbed “Achieving the Balance,” was launched on Sunday and will be conducted virtually through Thursday. It will highlight Alba’s sustainability […]
Tsingshan Planning 1 MMTPA Aluminium Smelter In Indonesia
A new entrant to the People’s Republic of China’s aluminium sector is planning a 1 million metric ton per annum aluminium smelter for Indonesia. According to a report by CRU, Tsingshan Holding Group is planning to enter the field by building the new aluminium smelter in conjunction with Huafon Group. The firm operates an industrial […]
EGA’s New Corporate Purpose Emphasizes Innovation Across Aluminium Value Chain
Emirates Global Aluminium PJSC (EGA) announced on Monday a new purpose for the corporation as well as laying out a new mission for the firm going forward. EGA said in a press release that its new corporate purpose is Together, innovating aluminium to make modern life possible. To achieve that end, the firm tailored its […]
Vedanta Plans US$300 MM In Capital Expenditures In Current Fiscal Year
India’s premier aluminium smelter Vedanta Ltd. plans to spend US$300 million during the current fiscal year. This is according to comments made to domestic media by Vedanta Aluminium’s Chief Executive Officer Ajay Kapur last week. “Our most significant expansion will be at our Lanjigarh alumina refinery,” Kapur told India’s BusinessLine. “Subject to government approvals, the […]
Alba’s Profit Jumped By Over 800 Percent To US$138.8 MM In The First Quarter
Aluminium Bahrain B.S.C. (Alba) announced financial results for the first quarter of 2021 this week. The firm got help with its top line thanks to a rise in aluminium prices, while its bottom line was buoyed by the strong top line, but weighed down by a rise in both general and selling expenses. In the […]
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 ...
