Europe

Gränges Issues Updated Prospectus For Planned Sustainable Medium Term Note Issuance

Gränges Issues Updated Prospectus For Planned Sustainable Medium Term Note Issuance

Swedish rolled aluminium firm Gränges AB released an updated prospectus for its medium-term note (MTN) and a combined Green and Sustainability-Linked Finance Framework this week. The aim of the new prospectus and report is to provide potential investors with an independent third-party...

Events

LME To Return To Ring Trading Next Month, But With Changes

The majority of London Metal Exchange (LME) members expect to go back to the trading floor upon reopening next month, but some say the volume may be smaller due to the new hybrid system to be put in place. The LME’s trading floor was closed for the first time since the Second World War last […]

High Power Prices Tank First Half Financial Results For Alro Slatina

Despite increased sales over the period, Romanian aluminium company Alro SA (Alro Slatina) posted steep drop in profits for the first quarter of 2021 as reflected in the financial results released earlier this week. The aluminium smelter showed consolidated sales for the first half of US$365.6 million, an increase of 13 percent on the year. […]

En+ Teams Up With V&A Design Museum On Sustainable Aluminium Art Exhibit

Russian aluminium giant UC Rusal’s parent company En+ Group is teaming up with major art and design museum the V&A to produce an immersive design pavilion featuring aluminium for the London Design Festival. The exhibit, dubbed “Between Forests and Skies,” is made from Rusal’s low-carbon aluminium product produced using its proprietary inert anode technology. The […]

Constellium Sees 47 Percent Jump In Revenue In Q2

European value-added aluminium firm Constellium NV announced financial and operating results for the second quarter and first half of 2021 on Wednesday. The firm turned in improvements across the board for both periods. In the year’s second quarter, Constellium saw shipments rise by over 30 percent on the year to 406 thousand metric tons. Revenue […]

Norsk Hydro Roars Back With Strong Q2 2021 Earnings

Norwegian aluminium firm Norsk Hydro ASA released results for the second quarter of 2021 yesterday. Numbers for the quarter generally reflected the improved market for aluminium, with financial markers exceeding both the prior quarter and the prior year. In the year’s second quarter Hydro reported revenues of NOK34,559 million, better slightly on the quarter and […]