No threat of closure for South East Europe’s smelters in near future
Latest on SEE primary aluminium industry In the Balkan region, there are currently five operational smelters producing some 610,000 tonnes...
Alro SA
Alro to Invest €100 Million in Profitable Green Aluminium-Smelting Technology
Romanian aluminium company Alro SA announced last week that it plans to invest €100 million (US$118 million) in improvements to its aluminium-smelting operations aimed at boosting energy efficiency and reducing specific consumption. The plan, dubbed the “Green Factory” concept, consists of implementing...
Alro Lands Flat-Rolled Aluminium Supply Contract with Airbus
Romanian aluminium firm Alro SA announced on Friday that it had signed a contract with French aerospace company Airbus SAS....
Romania’s Alro Announces US$53 MM Energy Efficiency Plan
Earlier this week Romanian aluminium company Alro SA announced the launch of a US$53 million investment plan for this fiscal...
Events
Romania’s Alro Inks Two New Loans Totaling US$190MM
Romanian aluminium producer Alro SA successfully closed two deals with local and regional banks this week – a loan with Black Sea Trade and Development Bank (BSTDB) for US$60 million, and another with a conglomeration of domestic banks on a revolving facility agreement valued at US$137 million. The loan with BSTDB was announced on Tuesday […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
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 ...
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 ...
