Gränges Plans SEK600 MM Investment In Aluminium Battery Foil Production
Swedish rolled aluminium firm Gränges AB announced this week a SEK600 million (US$58 million) investment in increasing its aluminium battery...
Europe
ALRO Achieves First Certification Under Aluminium Stewardship Initiative’s Third Version Of Performance Standard
The Aluminium Stewardship Initiative (ASI) said last week it has certified ALRO’s operations in Slatina, Romania, under its Performance Standard V3. ALRO is the first recipient of certification under the third version of the ASI Performance Standard. The new certification at ALRO...
European Union Calls On Lenders To Fund Projects For Aluminium, Other Important Minerals
A European Union commissioner said this week that European banks should step up to fund aluminium and other metals needed...
Slovalco Ends Aluminium Production After 70 Years
After 70 years of aluminium production, Slovakia’s lone smelter is calling it quits. Slovalco announced last week that it has...
Events
GFG Alliance Cuts Production At UK Facilities Due To High Energy Costs
Sanjeev Gupta’s Liberty Steel will be idling two plants in the United Kingdom and cutting production at several others on account of high energy prices. Liberty Steel’s parent company GFG Alliance said that its plant at Newport, Wales and West Bromwich will fall idle soon, while production at its Rotherham plant will be reduced. In […]
Constellium Inks Contract To Supply Daher With Flat-Rolled Aluminium For TBM And Kodiak Aircraft
European value-added aluminium firm Constellium NV has entered into a new multi-year supply contract with French industrial conglomerate DAHER to supply its aviation unit with several different rolled aluminium products, most of which are slated to be used in production of its TBM and Kodiak aircraft models. The new contract will have Constellium and Daher […]
Norsk Hydro Teams Up With World Wide Wind On Offshore Wind Turbine Project
Norwegian aluminium producer Norsk Hydro ASA and compatriot floating wind turbine producer World Wide Wind AS have agreed to collaborate on the use of aluminium in renewable wind industry. Ultimately the partnership hopes to yield a design for a floating wind turbine specific to offshore conditions. The two firms say they are working toward incorporating […]
Norsk Hydro Invested NOK3 Billion In Green Transition Projects In Last Two Years
Norway’s aluminium titan Norsk Hydro ASA said this week that it has invested NOK3 billion (US$306 million) in five of its aluminium smelters to date, with plans in the coming years to continue such investments. The firm said in the past two years it has made substantial green investments in Karmøy, Husnes, Høyanger, Årdal, and […]
Gränges Enters Into Two New Sustainability-Linked Credit Facility Agreements
Swedish rolled aluminium firm Gränges AB announced this week that it has entered into two new credit facility agreements, both of which are linked to sustainability goals. One new credit agreement is for SEK3,500 million and a tenor of three years. The term loan totals US$100 million and has a tenor of three years as […]
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 ...
