Novelis Reports Major Sustainability Achievements in 2023
In its recent sustainability report for fiscal year 2023 (April 1, 2022 – March 31, 2023), Novelis Inc., a frontrunner...
North America
Sumitomo Metal Invests $12.5 Million in Nano One for Battery Material Collaboration
In a significant development aimed at bolstering battery technology, Japan’s Sumitomo Metal Mining has announced a substantial investment of C$16.9 million in Canada’s Nano One Materials. The investment is anticipated to forge lucrative ties between the two companies, focusing on advancing manufacturing...
Novelis and Ball Corporation Sign Long-Term Aluminum Supply Agreement
Novelis Inc., a premier provider of sustainable aluminum solutions, announced an anchor customer agreement with North American aluminium beverage can...
US, EU Aim to Implement New Steel Tariffs, Targeting China and Others
The United States and the European Union are reportedly in discussions about introducing new tariffs on steel imports, focused largely...
Events
Century Aluminum Stake Increased by Russell Investments Group
Russell Investments Group Ltd. announced a significant surge in its stake in Century Aluminum during the first quarter this week, marking a 33.1% increase. This move brings the fund’s ownership to 130,391 shares of the industrial products company’s stock, following the acquisition of an additional 32,426 shares in the same period. This places Russell Investments […]
Apollo Funds Completes US$5.2-Billion Buyout of Arconic
Aluminium value-added firm Arconic Corporation announced earlier this month the closing of its US$5.2 billion acquisition by Apollo Funds and Irenic Capital Management. Under the terms of the sale, Apollo Funds and Irenic acquired all outstanding shares of Arconic stock for $30 per share. The purchase of the entirety of Arconic’s shares means that the […]
Century Aluminum Sells US$575.5MM In Q2
American smelter Century Aluminum Company released results for the second quarter of the year this week. Despite facing serious obstacles in the quarter, Century turned in mostly positive numbers for Q2. For the second quarter Century recorded US$575.5 million in net sales, down slightly on the quarter from the first quarter total of US$552.4 million. […]
Drop In Shipments Yields Challenges For Novelis In First Quarter of FY 2024
Novelis released results for the first quarter of fiscal year 2024 this week. Although financials struggled in the period, the results for the first quarter of the fiscal year were better than expected. In the first quarter Novelis returned net income attributable to its common shareholder of US$156 million, off by 49 percent on the […]
Novelis Nets US$306MM In Latest Financial Quarter
Atlanta’s rolled aluminium firm Novelis reported results for the first quarter of fiscal year 2024 this week. Although numbers were lower on the year in many areas, company officials say they are better than expected under the prevailing market conditions. In the first fiscal quarter, Novelis sold US$4,091 million in product, down on the year […]
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 ...
