european commission

Aughinish Alumina Reports Significant Loss Amid Market Challenges

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...


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 […]

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 […]