EGA Becomes First Mideast Firm To Gain ASI Certification
The Aluminium Stewardship Initiative (ASI) announced on Wednesday the successful certification of Emirates Global Aluminium PJSC (EGA) against the ASI...
Europe
Gränges Purchases Utilities Infrastructure At Finspång From Jernbro For SEK93 Million
Swedish rolled aluminium firm Gränges AB announced on Friday the acquisition of the entirety of the utilities infrastructure at its plant in Finspång from industrial services provider Jernbro for SEK93 million (US$9.65 million). Per the firm, the buy-out of Finspång’s utilities infrastructure...
U.S. Trade Tension With China Prompts Rio Tinto To Shift Aluminium Exports To Europe: CEO Jacques
Anglo-Australian metals titan Rio Tinto Group says the trade troubles between the United States and the People’s Republic of China...
ASI Certifies Norsk Hydro Extrusion Plants In Germany And Belgium
The Aluminium Stewardship Initiative (ASI) announced last week the certification of Norwegian aluminium firm Norsk Hydro ASA subsidiary Hydro Aluminium...
Events
Shake-Up In Norsk Hydro’s Executive Management As Aasheim Assumes Company’s Top Office
Norwegian aluminium producer Norsk Hydro ASA announced several changes in its executive team earlier this week following Hilde Merete Aasheim’s ascension to the company’s position of president and CEO. Aasheim, who assumed her new role on Wednesday, named Eivind Kallevik to fill her former seat of head of Primary Metal, while Pål Kildemo assumes Kallevik’s […]
Research and Investment Hail Changing Tides for Montenegro’s KAP
On April 25, Montenegro’s Uniprom D.O.O. (owners of Kombinat Aluminijuma Podgorica, KAP) started construction works on a €15 million aluminium billets production plant with a planned capacity of 70,000 tonnes per year. Uniprom promised production to start by end of 2019. The company also plans to open in the coming months an €11 million plant […]
Final Month Of U.S. Sanctions Weigh Down Rusal’s Q1 Results
Russian Federation aluminium giant U.C. Rusal reported first-quarter financial and production results yesterday. Though production and sales remained relatively steady in the quarter, financial numbers struggled due to a drop in prices at the LME and the tail end of sanctions placed upon it by the United States government. In the first quarter Rusal smelted […]
Uniprom Begins Construction On €15 Million Aluminium Billet Factory In Montenegro
Montenegrin firm Uniprom Group’s subsidiary Uniprom D.O.O. (KAP) broke ground last week on its new €15-million aluminium billet factory. The factory, which is expected to commence production by the end of the year, is the second such project undertaken by the firm in recent months. This project will join with a new silumin factory to […]
Constellium Posts 11 Percent Jump In First-Quarter Revenues
Amsterdam rolled and extruded aluminium leader Constellium N.V. announced results for the first quarter on Wednesday, showing improvements on both the production and financial fronts during the year’s opening quarter. In the first quarter Constellium shipped 413 thousand metric tons of product, up by 6 percent on the year. Packaging and Automotive Rolled Product led […]
Is Rio Tinto’s ISAL smelter a bargain or a smart investment?
At least three companies (including Swiss commodity trader Glencore and German Trimet Aluminium) have expressed interest in buying Rio Tinto’s aluminium assets in Iceland, Sweden and the Netherlands, priced at up to US$ 350 million, news agencies reported earlier this month. A ...
Aluminium Extrusions Are Winning The Race For Battery Enclosure In EVs
Battery enclosures for electric vehicles (also called frames, housings or battery packs) have a pretty straightforward purpose: holding and protecting ...
Half-Year Report: Aluminium Prices Still Under Pressure
Base metals prices continued to slide in May and early June, with metals traded on the LME witnessing some serious ...
Aluminium Prices in Q2: A Market Analysis
Base metals prices tumbled in the last week of April and at the start of May, with the aluminium price ...
