News

Capral Shareholders Nix Allegro’s Buyout Offer

Capral Shareholders Nix Allegro’s Buyout Offer

The biggest aluminium extruder and distributor in Australia rebuffed a potential buyout offer, as Capral Aluminium’s shareholders find the offer from Allegro undervalues the firm. Shareholders made their voice known in a vote last week, rejecting the offer after the board of...

Events

Rio Tinto Shipped 13.6 MMT Of Bauxite Ore In 2021’s Opening Quarter

Anglo-Australian mining giant Rio Tinto Group released production results for the first quarter on Tuesday. Though generally down compared to the fourth quarter, the aluminium business’s production generally rose over the first quarter of 2020. For the year’s first quarter the firm mined 13.6 thousand metric tons of bauxite ore, which was less by 2 […]

Century And USW Reach Five-Year Labor Deal At Hawesville Aluminium Smelter

American smelter Century Aluminum announced yesterday an agreement with the labor force at its Hawesville, Kentucky smelter that will govern the relationship between the two parties for the next five years. In a press release, subsidiary Century Aluminum of Kentucky General Partnership and United Steelworkers Local 9423 agreed to the five-year plan on Friday. Specifics […]

Rusal Completes Purchase Of Aluminium Rheinfelden After Regulatory Approval

Russian Federation aluminium giant UC Rusal announced last week the completion of its purchase of Aluminium Rheinfelden GmbH thanks to the sign-off on the transaction by the German government. Regulators at the German Federal Cartel Office and the German Federal Ministry for Economic Affairs and Energy approved of the transaction this month, paving the way […]

Alcoa Turns In Strong Numbers Across The Board For The Year’s Opening Quarter

Pittsburgh aluminium pioneer Alcoa Corporation released results for the year’s first quarter last week. The firm turned in the best financial quarter in three years through the first three months. In the year’s first quarter Alcoa generated a net income of US$175 million, reversing the prior quarter’s net loss of US$49 million. Adjusted net income […]