Rusal Signs Agreement with Tiocomposite To Develop Specialty Concrete Using Red Mud
Russian Federation aluminium major U.C. Rusal announced yesterday the signing of a memorandum with state-run technology firm Tiocomposite to commence...
Europe
Power Outage Idles 45 Pots At Norsk Hydro’s Karmøy Plant As Recovery From Cyber Attack Continues
Norwegian aluminium producer Norsk Hydro ASA is recovering from a power outage that resulted in the several pots at its Karmøy plant. Hydro said on Monday that the outage affected one of the site’s two potlines. The line, which boasts a nameplate...
Hydro Aluminium Rolled Products Earns ASI’s Performance Standard Certification
Norwegian aluminium firm Norsk Hydro ASA subsidiary Hydro Aluminium Rolled Products GmbH has become the most recent firm to be...
Alro Slatina Predicting Slimmer Bottom Line In 2019 Due To Rising Electrical Costs
Though the firm expects a 2-percent bump in revenues this year, Romanian aluminium company Alro SA (Alro Slatina) warned last...
Events
Uniprom Announces €26 Million In Upgrades To Kombinat Aluminijuma Podgorica
A substantial renovation at Kombinat Aluminijuma Podgorica (KAP) may be in the near future, as the plant’s owner announced a €26-million project to overhaul and upgrade the site’s refining equipment. Industry media reported on Tuesday that Uniprom plans to install an €11-million silumin production unit on site, featuring a production capacity of 30 thousand metric […]
EU Regulators Launch Anti-Trust Investigation Into Novelis’ Purchase Of Aleris
Anti-trust regulators in the European Union said yesterday that they had opened an investigation into the proposed US$2.6 billion purchase of Atlanta’s rolled-aluminium firm Aleris by rolled and recycled aluminium firm Novelis Inc. In comments made by Europe’s antitrust chief Margrethe Vestager, the regulators’ intent was to ensure competitiveness in the value-added aluminium market. “Our […]
Icelandic Firm Develops First All-Aluminium Vehicle
An Icelandic firm announced the debut of the country’s first vehicle to be made almost entirely of domestically-produced aluminium earlier this week. Start-up firm Ísar made the big reveal on Wednesday of the eponymous vehicle, of which the first five have already been produced and sold. The firm boasts that the vehicle is substantially lighter […]
Recovery Underway At Norsk Hydro After Cyber Attack
Norsk Hydro ASA yesterday provided an update regarding the cyber attack the firm experienced earlier this week, indicating that significant progress has been made toward returning their IT system to service. Per the firm, its technical team has been collaborating with third-party specialists to track down the source of the attack. At present a plan […]
Despite Difficulties, Norsk Hydro Is Well Positioned To Capitalize On Changing Market: Brandtzæg
In a letter penned by President and CEO Svein Richard Brandtzæg, mandatory curtailment at Alunorte and a spike in raw material costs conspired to damage Norwegian aluminium smelter Norsk Hydro ASA’s bottom line last year. Noting that Extruded Solutions was fully integrated in the firm last year and operations at Karmøy technology pilot, Brandtzæg explained […]
Zhongwang Fake Semis Prosecution May Slam The Door On Key Routes For U.S. Import Duty Avoidance
The global aluminium market has been watching the trials and travails of Chinese behemoth Zhongwang with intense interest for the past few weeks after the company and its founder Liu Zhongtian were brought up on criminal charges by the United States federal ...
Aluminium Prices Under Double Pressure: Trade Wars and Chinese Exports
Base metals prices tumbled to their lowest in several weeks at the start of August, after U.S. President Donald Trump ...
Dirty Metal – China’s Troublesome Tether Between Coal And Aluminium
The year 2019 has been a red-letter year for the aluminium sector in the People’s Republic of China. Despite trade ...
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 ...
