North America

Novelis Shipments Rise By 4 Percent to 830 Kilotonnes In Latest Quarter

Novelis Shipments Rise By 4 Percent to 830 Kilotonnes In Latest Quarter

Atlanta’s rolled and recycled aluminium firm Novelis Inc. reported results for the first quarter of fiscal year 2020 yesterday. Favorable market conditions helped propel the firm to a strong showing in the quarter. For the just-ended quarter Novelis reported net sales of...

Events

Kaiser Aluminum Again Beat Market Estimates In 2019’s Second Quarter

Kaiser Aluminum released financial results for the second quarter and first half of 2019 on Wednesday, besting consensus estimates for the third time in the past four quarters. The second quarter’s net sales totaled US$375 million, down on the year from last year’s second-quarter total of US$415 million. Kaiser chalks up the shortfall to an […]

Global Aluminium Production Falls To 5.25 Million Metric Tons In June

Global aluminium production fell in June, as the worldwide total of smelted primary aluminium last month came to 5.25 million metric tons according to numbers released by the International Aluminum Institute on Monday. Per the Institute’s numbers, June’s production was down on the month by 180 thousand metric tons on the month and 80 thousand […]

Weak Alumina And Aluminium Prices Hinder Alcoa’s Profitability In Q2

Pittsburgh aluminium pioneer Alcoa Corporation reported results for the second quarter of 2019 yesterday. Weaker alumina and aluminium prices teamed up with the sale of the firm’s interest in a Saudi Arabian joint venture to scare off profits. In the second quarter, Alcoa reported revenue of US$2,711 million, essentially level quarter-on-quarter from last quarter’s revenue […]

Rusal Makes Initial Payment On Planned Braidy Aluminium Rolling Mill

Russian Federation aluminium giant Rusal made the first in a series of payments on a US$200 million investment in Kentucky aluminium alloy and rolled aluminium producer Braidy Industries late last week. However, according to filings recently made by the firm to the Securities and Exchange Commission, Braidy is now expected to raise another US$300 million […]

Ardagh Group And Exal Corp Form New Metal Packaging Joint Venture

Ireland’s metal and glass packaging supplier Ardagh Group announced yesterday the formation of Trivium Packaging, a new metal packaging joint venture with Ohio aluminium container producer Exal Corporation. Per Ardagh, Trivium will be a combination of its Food & Specialty Metal Packaging business with Exal, which is controlled by Ontario Teachers’ Pension Plan Board. The […]