Higher Power Prices Prompt Partners’ Write Down in Portland Aluminium
Higher power prices negotiated by the operators of Portland Aluminium with AGL Energy have prompted them to write down their...
Alcoa
Saudi’s Ma’aden Inks Agreement to Supply Aluminium Parts with Domestic Automaker
Riyadh’s Saudi Arabian Mining Company (Ma’aden) announced a partnership last month with the Saudi Arabia National Automotive Manufacturing Company (SANAM) to increase the aluminium content in vehicles made in the Kingdom of Saudi Arabia. Details were sparse, but the company indicated that...
China battles air pollution and aluminium overcapacity
A recent proposal by China’s government to halt some coal and metals production facilities to fight air pollution over the...
Alcoa to Boost Bauxite Exports from Western Australia
Alcoa’s Roy Harvey informed participants in a quarterly earnings call this week that he expects the firm to “dramatically” increase...
Events
Alumina and Rolled Products Buoy Alcoa’s Fourth-Quarter Results
Alcoa Corporation released fourth-quarter results yesterday. Although earnings missed estimates for the quarter, the firm still turned in strong results to end 2016. For the quarter ending December 31, Alcoa reported a net loss of US$125 million. The firm chalks up the loss to measures taken to streamline the portfolio. When special items are taken […]
Alcoa Seals Deal to Keep Portland Aluminium Open
The Alcoa Corporation announced late yesterday that it has come to an agreement with the Australian and Victorian government that will keep the Portland smelter open and allow it to restart the capacity damaged in last month’s power outage. In the same announcement, Alcoa revealed that it has also come to an agreement with AGL […]
Power Deal Imminent for Alcoa’s Portland Smelter
A light is now shining at the end of the negotiating tunnel for Alcoa’s smelter in Portland, Victoria after Australian power giant AGL Energy, Alcoa, and the relevant government agencies released a statement indicating that the parties are on the verge of an agreement on affordable power for the troubled plant. “Significant progress has been […]
Australian Government to Offer Financial Assistance to Alcoa for Repair of Portland Smelter
Australia’s government announced that it will commit “substantial” monies to repairing the damage to Alcoa’s smelter in Portland, Victoria. Ministers from the government say that funds sufficient to bring the plant back online will be available to the American aluminium firm. The smelter at Portland was seriously damaged when it experienced a power outage in […]
Portland Smelter Workers Offered More Leave
The future of Alcoa’s smelter in Portland, Australia continues to remain uncertain after the firm offered additional annual leave. The smelter has been operating at one-quarter capacity, was damaged last month after a brief loss of power allowed aluminium to solidify along one of the plant’s two potlines. Although the Victorian Government and Alcoa did […]
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both businesses and policymakers to accelerate decarbonization efforts. However, with COVID-19 disrupting lives and economies in an unprecedented manner, countries across the globe ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
Aluminium of Greece (AOG): is the Pechiney spirit still alive?
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
