Liberty Steel Labor Reps Seek Assurance From GFG Alliance After Insolvency Of Major Financial Backer
Representatives from British trade unions seek to meet with officials at Liberty Steel after one of GFG Alliance’s major backers...
Aleris Aluminum Duffel BVBA
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...
Novelis Records Record Production, Financial Results In July To September Quarter
Atlanta’s rolled and recycled aluminium firm Novelis Inc. reported financial results for the first quarter of fiscal year 2021 on...
GFG Group Plans To Boost Aluminium Production To 1 Million MTPA Via Acquisitions: Sanjeev Gupta
Sanjeev Gupta told an industry gathering on Monday that his GFG Group expects to top 1 million metric tons per...
Events
Sale Of Duffel Plant To Alvance Clears Path For Novelis Purchase Of Aleris
Atlanta’s rolled and recycled aluminium firm Novelis Inc. yesterday announced the completion of the sale of its operations in Duffel, Belgium to GFG Alliance’s international aluminium subsidiary Alvance in compliance with conditions placed on it by the EU and China for purchase of Aleris. Novelis received payment of €210 million in cash from GFG Alliance, […]
Alvance Looking For Raw Materials And Value Added Components In Quest For Vertical Integration
British commodities maven Sanjeev Gupta is shopping around for new components for its aluminium business Alvance, which it hopes to see triple production and become a fully vertically-integrated aluminium production firm. According to comments made yesterday by CEO Arnaud de Weert at the virtual CRU World Aluminium conference, Alvance aims to be carbon neutral within […]
Aleris Aluminum Duffel Earns Chain Of Custody Certification From ASI
The Aluminium Stewardship Initiative (ASI) announced yesterday the certification of Aleris Alumnum Duffel against its Chain of Custody standard for its aluminium refining and remelting operations and semi-fabrication operations in Belgium. Previously certified against ASI’s Performance Standard one year ago, the plant produces a wide array of aluminium sheet and coil for clients in industries […]
Arbitrator Compels Sale Of Aleris’s Lewisport Plant For DOJ Approval Of Novelis Buy-Out
The arbiter assigned to the dispute between the United States Department of Justice and Atlanta’s rolled and recycled aluminium firm Novelis Inc. determined Aleris must sell its plant in Lewisport, Kentucky to satisfy the department’s antitrust concerns in relation to Novelis’ buy-out. Earlier this week the arbitrator found that aluminium and steel are not of […]
GFG Alliance Groups Aluminium Assets Into Paris-Based Firm ALVANCE
Sanjeev Gupta’s GFG Alliance announced on Monday its decision to gather its aluminium assets into one Paris-based firm named ALVANCE Aluminium Group (ALVANCE). The announcement by the privately-held metals conglomerate is following through on an announcement it made last fall that its steel assets would soon be merged in anticipation of a listing on a […]
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 ...
