Market Selection

Glencore Wins Ruling In Long-Running Federal Antitrust Case

Glencore Wins Ruling In Long-Running Federal Antitrust Case

A judge in the United States has limited the scope of an antitrust action against Glencore plc, JPMorgan Chase, and Goldman Sachs. Several aluminium purchasers brought suit against the trio in 2013 alleging that they colluded to fix prices for the metal...

Events

Gränges’ Finspång Automotive Aluminium Plant Earns Provisional ASI Certification

The Aluminium Stewardship Initiative (ASI) and Swedish rolled aluminium firm Gränges AB announced earlier this week that the firm’s Finspång AB plant in Sweden has been provisionally certified against the ASI’s Performance Standard for responsible aluminium production. The plant has been operating for just shy of a century, designing and manufacturing rolled strip and sheet […]

Novelis’ New Aluminium Alloy Up To 40 Percent Lighter Than High-Strength Steel

Atlanta’s rolled aluminium firm Novelis debuted a new automotive aluminium alloy this week that it says is the strongest one it has developed so far. Novelis’ new alloy, the Advanz 7UHS-s701, is formulated for use in safety-critical structural components for passenger vehicles. The firm said components such as the A and B pillar reinforcements and […]

Rusal Purchases Aluminium Rheinfelden Out Of Insolvency Proceedings

Russian Federation aluminium titan UC Rusal last week took title to German aluminium producer Aluminium Rheinfelden GmbH, saving the firm from insolvency. The German firm began insolvency proceedings last fall, and began by laying off a fifth of its 256-strong labor force. Representatives from the two firms signed a purchase agreement last Thursday, but the […]

Brazilian Group Sues Norsk Hydro Over 2018 Alunorte Spill

Tens of thousands of Brazilian residents have joined in a class-action lawsuit against Norwegian aluminium producer Norsk Hydro ASA for allegedly being harmed by a wastewater release in the state of Para three years ago. The suit is being brought on behalf of about 11,000 families of the Cainquiama – the Amazon Association of Mixed […]

Alba’s Bottom Line Jumps By 81 Percent In 2020 To US$25.9 MM

Aluminium Bahrain B.S.C. (Alba) released results for the final quarter and full year of 2020 last week. Financial numbers were generally up in both periods despite the global pandemic and its effect upon the aluminium sector. In the fourth quarter of 2020 Alba turned a profit of US$85.1 million, better by 132 percent on the […]