News

Deals With Government, Power Companies Provide Alcoa Australia A Five-Year Respite

Deals With Government, Power Companies Provide Alcoa Australia A Five-Year Respite

Alcoa Australia’s future is secure for another five years after the firm struck deals with electrical providers and the state government that include lower power costs and a A$160 million (US$124 million) aid package. The deals with AGL Energy, Origin Energy, and...

Events

Altech Achieves “Breakthrough” In Successful Coating Of Silicon With Alumina

Australian innovator Altech Chemicals Ltd. announced earlier this week the successful application of alumina nano particles on silicon particles using proprietary technology developed for use on anodes in lithium-ion batteries. The firm points out that this follows an announcement late last year that it had been successful in coating graphite particles with a similar layer […]

GFG Alliance Seeking Payment Pause For Debt Payments To Troubled Backer Greensill

In response to concerns raised by an insolvency filing by one of its financial backers, GFG Alliance leader Sanjay Gupta said his firm is in discussions with its administrators regarding an agreement to pause payments to the troubled firm. On Friday, Gupta relayed internally that it was seeking a standstill agreement from Greensill Capital’s administrators, […]

Extruded Aluminium Buoys Norsk Hydro Financial Results In 2020

Norwegian aluminium producer Norsk Hydro ASA released its annual report on Friday. Despite the challenges to the global economy and the worldwide aluminium market, the firm reported strong results even in the face of coronavirus’s impact. For the year 2020 Hydro reported income of NOK138,118 million, down from the prior year’s income of NOK149,766 million. […]

Vimetco To Invest €10 MM In New Automated Aluminium Extrusion Line Built By Presezzi

Romanian aluminium producer ALRO S.A.’s downstream subsidiary Vimetco Extrusion said Tuesday that it will soon begin a €10 million program to increase high- and very-high value-added aluminium products by installing new machinery produced by Italy’s Presezzi Extrusion spa. The investment in question will consist of a new automated 7” extrusion line capable of extruding profiles […]