Rusal Rebounds From OFAC Sanctions In Q4, But Warns Coronavirus May Sicken The Global Aluminium Trade
Russian aluminium behemoth U.C. Rusal reported results for the final quarter and full year of 2019 yesterday. Though the firm...
FY 2019
Weak Fourth Quarter Drags Rusal’s 2019 Financials Down As Greater Impact From Coronavirus Looms Ahead
Russian Federation aluminium giant U.C. Rusal released financial results for 2019 this week, reporting a sharp increase in net losses during the year’s final quarter. The firm predicted the recent coronavirus outbreak is likely to make a significant impact upon the global...
Alba Reports Gross Profit Increase Of 6 Percent In 2019
Aluminium Bahrain B.S.C. released results for the final quarter and full year of 2019 on Thursday. Despite less than favorable...
South32’s Bottom Line Punished By Weak Aluminium Prices In FY 2019
A drop in aluminium prices thanks to the heightening trade war between the United States and the People’s Republic of...
Events
Novelis Reports 8-Percent Jump In Sales During FY 2019
Atlanta’s rolled and recycled aluminium firm Novelis Inc. released financial results for the final quarter and full year of fiscal 2019 yesterday. The firm reported some of the strongest financial gains of its history for the fiscal year. In the just-ended quarter Novelis sold US$3.084 billion in product, up slightly on the year from last […]
Alro Slatina Predicting Slimmer Bottom Line In 2019 Due To Rising Electrical Costs
Though the firm expects a 2-percent bump in revenues this year, Romanian aluminium company Alro SA (Alro Slatina) warned last week that net profits for the year are likely to fall by 78 percent from last year’s level. A report released by the firm on Thursday said 2019’s revenues will total US$673.7 million, with net […]
Nalco To Achieve Revenue Targets In FY19: CMD Chand
In an interview with domestic media, National Aluminium Company’s Chairman and Managing Director Dr. Tapan Kumar Chand said that his firm expects to achieve the ₹12,000 crore of revenue benchmark in FY 2019, which will help the company start out the following fiscal on a strong footing. Although prices in the quarter were less than […]
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 ...
