Europe

US, EU, and Japan Aluminium Associations Laud Agreement To Strengthen WTO Rules Against Subsidized Capacity

US, EU, and Japan Aluminium Associations Laud Agreement To Strengthen WTO Rules Against Subsidized Capacity

The Aluminum Association, European Aluminium, and the Japan Aluminium Association released a joint statement yesterday hailing an agreement among their respective governments to cooperate on strengthening World Trade Organization rules on industrial subsidies. Citing an agreement among trade ministers from the three...

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Events

M.T. Abraham To Pitch 15-Year Lease Agreement To Aluminij Mostar

M.T. Abraham To Pitch 15-Year Lease Agreement To Aluminij Mostar

Talks over the fate of Bosnian aluminium smelter Aluminij d.d. Mostar continue this week between the government and a Sino-Israeli consortium, but the recently laid-off workforce at the plant is reportedly not optimistic that such talks will yield a positive outcome. Aluminij management will continue to meet with representatives from the consortium, which is headed […]

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Aluminij Mostar Management Lays Off Entire Labor Force

Aluminij Mostar Management Lays Off Entire Labor Force

Only days after they announced their pending resignation, Aluminij d.d. Mostar’s management said the entirety of the plant’s remaining workforce will be laid off. On Tuesday domestic media reported upon the move, which will soon leave 362 workers jobless. Management went on to say that employees would have varied notice periods so that the plant […]

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ASI Certifies BMW’s Landshut Plant Against Performance Standard For Materials Stewardship

ASI Certifies BMW’s Landshut Plant Against Performance Standard For Materials Stewardship

The Aluminium Stewardship Initiative (ASI) announced yesterday the certification of German automaker BMW AG’s light metal foundry at Landshut, Germany against its Performance Standard for material stewardship. In a related press release, ASI says the certification recognizes the plant’s responsible production, sourcing, and stewardship of aluminium, especially as it relates to material stewardship. Among the […]

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Aluminij Mostar’s Management Resigns As Funding Deal Falls Through

Aluminij Mostar’s Management Resigns As Funding Deal Falls Through

Citing the insufficiency of an offer tendered by the lone investor with an interest in funding a restart of the plant, the entirety of Aluminij d.d. Mostar’s management resigned on Tuesday, leaving the fate of Bosnia’s only aluminium smelter in question. On Monday, Aluminij Mostar’s management released a statement saying the offer from Israeli M.T […]

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Norsk Hydro Enters Into US$1.6 Billion Sustainability-Linked Revolving Credit Facility

Norsk Hydro Enters Into US$1.6 Billion Sustainability-Linked Revolving Credit Facility

Norwegian aluminium giant Norsk Hydro ASA announced yesterday the signing of a new, US$1.6 billion revolving multi-currency credit facility with margins linked to the firm’s greenhouse gas emissions target. Per the firm, the new credit facility will be used for general corporate purposes. It features a tenor of five years, with two one-year options to […]

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