Sanjeev Gupta’s GFG Alliance said last week it is preparing to invest £94 million in the construction of a new aluminium recycling facility in Scotland at its existing aluminium smelter at Lochaber. Local media said the investment would also include a doubling...
The Aluminium Stewardship Initiative (ASI) yesterday announced that Hammerer Aluminium Industries (HAI) has achieved ASI Performance Standard Provisional Certification for...
Norwegian aluminium smelter Norsk Hydro ASA announced a memorandum of understanding with technology firm Panasonic and international energy company Equinor...
A few of the world’s major aluminium producers are less than pleased with the London Metal Exchange with its move...
Norwegian aluminium smelter Norsk Hydro ASA announced earlier this week a partnership with British marine adventure company Arksen to produce new sustainable vessel designs featuring low-carbon aluminium. Arksen’s partnership with Hydro will give the firm access to marine-grade rolled and extruded aluminium as well as the expertise needed to produce affordable, economical solutions for maritime […]
Amsterdam rolled and extruded aluminium leader Constellium N.V. released results for the third quarter of 2020 yesterday. A drop in demand due to the novel coronavirus pandemic impacted both production and profits during the quarter. In the just-ended quarter Constellium shipped 354 thousand metric tons of product, down by 11 percent on the year. Revenue […]
Labor narrowly averted a strike at Rio Tinto’s Straumsvík aluminium smelter last week after the five unions and the SA Confederation of Icelandic Enterprise hammered out an agreement in an all-night meeting. With a strike scheduled for 8 AM the next day, union representatives came to an agreement to postpone the work shutdown. The plant’s […]
Norwegian aluminium smelter Norsk Hydro ASA and compatriot industrial group Lyse announced earlier this week the formation of a joint hydropower company that will be the result of a merger of the two firms’ hydroelectric assets. The new company will operate under the name Lyse Kraft DA and feature an annual power production capacity of […]
Sanjeev Gupta told an industry gathering on Monday that his GFG Group expects to top 1 million metric tons per annum of aluminum-smelting capacity within the next two years by way of acquisitions. Speaking at the London Metal Exchange (LME) Seminar, Gupta relayed to virtual attendees that this total would be a significant rise above […]
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both businesses and policymakers to accelerate decarbonization efforts. However, with COVID-19 disrupting lives and economies in an unprecedented manner, countries across the globe ...
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
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