Internal Document Says European Aluminium Seeks Sanctions Against Russian Aluminium But Not Against Rusal
Trade group European Aluminium is mulling a push for European Union sanctions on imported Russian aluminium without targeting UC Rusal,...
european commission
Aughinish Alumina Reports Significant Loss Amid Market Challenges
In a striking financial turn, Aughinish Alumina, a Russian-owned metal smelting company based in Limerick, Ireland, reported a substantial loss of US$167 million (€153 million) last year. This figure marks a decrease from the US$378 million loss recorded in 2021. Owned by...
European Union Adds Bauxite, Alumina, And Aluminium To List Of Strategic Raw Materials
Last week the European Union added aluminium to its list of essential minerals along with increasing recycling and processing goals...
European Regulators Green-Light Norsk Hydro €267MM Purchase Of Polish Aluminium Recycler Alumetal
Norsk Hydro SA gained the approval of European regulators for its second proposed purchase of Polish recycling firm Alumetal S.A....
Events
Norsk Hydro Repeats Tender Offer Process For Polish Aluminium Recycler Alumetal
Norwegian aluminium producer Norsk Hydro ASA approached Polish recycler Alumetal S.A. with a tender offer to acquire 100 percent of the company’s shares last week. This second offer comes a year after a previous offer was launched by Hydro for the same purpose. The prior offer expired while under review by the European Commission. Hydro […]
US Asks For Unlikely Exemption From EU Carbon Border Levy For Aluminium, Other Metals
The United States government is appealing to the European Union to be exempt from its carbon border levy this week, a move that experts say is likely to throw a wrench in talks for an overarching agreement on imports of aluminium and other metals. According to Bloomberg, insiders say the chances of the EU agreeing […]
European Union Calls On Lenders To Fund Projects For Aluminium, Other Important Minerals
A European Union commissioner said this week that European banks should step up to fund aluminium and other metals needed in transitioning to sustainable energy in order to help meet the objectives of the upcoming Green Deal industrial plan. European Commissioner Thierry Breton told a gathering of top financial firms at the Berlaymont hotel in […]
European Aluminium Welcomes Relief From EU On High Energy Prices, But Warns More Is Needed
Europe’s aluminium trade group lauded the European Union for its action to turn back high energy prices. However, the European Aluminium Association warned that the measures are only the first step in tackling the problem. The association said that the short-term measures, which include efforts at reducing electricity demand and redistributing financial resources to customers […]
European Aluminium Backs EU Campaign To Reduce Reliance On Russian Petroleum
The European Aluminium Association lauded the European Union last week on its initiative aimed at reducing the continent’s dependence upon Russian fossil fuels. In a position paper released by the Association, the organization voiced its support for the “Save Gas for a Safe Winter” program that they say will help alleviate high electrical prices and […]
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 ...
