Alcoa Nixes Offer For Binding Arbitration At Aluminerie de Bécancour As 13-Month Lockout Continues
After over a year of on-and-off negotiations between management and labor at Aluminerie de Bécancour, Alcoa Corporation opted to decline...
North America
Trump And Trudeau Discuss Section 232 Aluminium And Steel Tariffs, But To No Avail
Though the United States and Canadian heads of government spoke on the subject of relief for Section 232 aluminium and steel tariffs last week, inside sources say the conversation was not fruitful. Prime Minister Justin Trudeau’s office said on Friday that the...
U.S. Government “Unified” With Canada On End To Aluminium And Steel Tariffs: Kudlow
Echoing comments made late last week by Canadian politicians, officials south of the border in Washington, D.C. said on Sunday...
Canadian Government Sees End To U.S. Tariffs On Aluminium And Steel
Though Canadian officials are optimistic that the Trump Administration’s Section 232 tariffs on steel and aluminium are soon to be...
Events
Kaiser Aluminum Shipments Rise To Record 159 Million Pounds In Q4
Southern California aluminium firm Kaiser Aluminum reported fourth quarter and full year results last week, besting quarterly EPS estimates for the third time in four quarters. In the fourth quarter Kaiser shipped 159 million pounds of product, identical with the prior quarter and better by six million pounds on the year. Net sales for the […]
Century Posts 19 Percent Jump In Net Sales During FY 2018
American aluminium smelter Century Aluminum released results for the fourth quarter and full year of 2018 on Thursday. Though shipments and sales rose in both periods, elevated alumina prices weighed down financial numbers for both the quarter and the year. The fourth quarter saw Century ship 199,466 metric tons of product, up from the prior […]
National Security Justifications For Aluminium And Steel Tariffs “Specious And Absurd”: Canada’s Freeland
In the course of a discussion with the United States Speaker of the House Nancy Pelosi (D-CA), Canada’s Foreign Affairs Minister Chrystia Freeland lobbied for the end of the Trump Administration’s Section 232 tariffs on aluminium and steel, citing the harm endured by both sides on account of the measure. Though the dominion’s government is […]
Arconic Announces US$100 Million Expansion At Knoxville Plant
American value-added aluminium firm Arconic Inc. announced yesterday a significant upgrade of the hot-mill facilities at its plant on the outskirts of Knoxville, Tennessee. Per the firm, the US$100-million investment at the plant in the town of Alcoa will update the hot mill equipment on site and add in new downstream equipment intended for use […]
Increased Sales Volumes Help Boost Arconic’s Financials In 2018’s Final Quarter
American value-added aluminium firm Arconic released results for the fourth quarter and full year of 2018 last week, showing improvements across the board thanks in large part to increased sales volumes in both periods. For the year’s final quarter, Arconic posted revenue of US$3.5 billion, a 6-percent improvement on the year. Net income figured at […]
Aluminium Industry Riding To Higher Demand In Electric Vehicles
This is an exciting time indeed for aluminium consumption, with demand for this highly versatile metal continuing to rise to dizzying heights with every new estimate. Among the brighter stars in the consumption constellation continues to be that of electric vehicles. As ...
Alumina Market Update: Surplus Of Alumina, Lower Prices Expected In 2019
2018 was a turbulent year for both the alumina market and the price, signified by the fact that spot price ...
Leaders Emerge In The Aluminium Industry’s Race To Zero Carbon
One of the aluminium industry’s major goals continues to be the production of metal in a manner that emits the ...
Aluminium Market Update: Why Are Aluminium Prices Lagging Behind Other Base Metals?
Base metals prices have recovered significantly since January’s lows after news that the US and China are inching closer to ...
