China Zhongwang Reports 38.3 Percent Jump In Revenue During 2019’s Opening Half
Chinese aluminium extruder China Zhongwang released results for the first six months of 2019 late last week. The firm’s first-half...
h1 2019
Tepid Aluminium Market Translates To 14 Percent Drop In Chalco’s First Half Net Profit
The Aluminum Corp of China Ltd. (Chalco) reported results for the first half of the year on Wednesday. The firm’s bottom line suffered from a weak domestic market for aluminium in the first six months. The year’s first half saw Chalco smelt...
Challenging Aluminium Market Takes Toll On Rusal’s Bottom Line In Q2
Russian Federation aluminium giant U.C. Rusal released production and financial results for the second quarter and first half of 2019...
Aleris Reports Record Adjusted EBITDA Of US$108 Million In Q2
Cleveland rolled aluminium firm Aleris International, Inc. reported results for the second quarter and first half of 2019 yesterday, delivering...
Events
Weak Sales Prices Hamper Earnings For Rio Tinto’s Aluminium Sector In Front Half Of 2019
Anglo-Australian mining giant Rio Tinto Group released results for the first half of 2019 late last week. The firm’s aluminium business was stable from an operational perspective in the opening half, but price declines took their toll on the segment. In the year’s first half Rio Tinto saw a 1-percent bump in bauxite ore production […]
Alba Sees Sales Volumes Rise By 21 Percent In Q2
Aluminium Bahrain B.S.C. released financial results for the second quarter and first half of 2019 on Sunday. Alba turned in a weaker than hoped performance in both periods due to tepid prices at the LME. The second quarter saw Alba post a total comprehensive loss of BD3.3 million (US$8.8 million), a reversal on the year […]
Kaiser Aluminum Again Beat Market Estimates In 2019’s Second Quarter
Kaiser Aluminum released financial results for the second quarter and first half of 2019 on Wednesday, besting consensus estimates for the third time in the past four quarters. The second quarter’s net sales totaled US$375 million, down on the year from last year’s second-quarter total of US$415 million. Kaiser chalks up the shortfall to an […]
Constellium Reports 7 Percent Rise In First-Half Revenue
Amsterdam rolled and extruded aluminium leader Constellium N.V. released results for the second quarter and first half of 2019 yesterday, with gains in packaging and automotive rolled aluminium products teaming up with a consolidation at the Bowling Green plant to enhance the firm’s overall financial performance. In the second quarter Constellium shipped 413 thousand metric […]
Chinalco Reports 31.8 Percent Jump In Revenue For 2019’s Opening Half
Despite growing downward pressure on the industry and evaporating profit margins, Aluminum Corporation of China (Chinalco) reported a record high in revenue for the first half of the year yesterday. According to state-run media, Chinalco recorded CNY170 billion (US$24.7 billion) in revenue for the opening six months of 2019, good for an increase of 31.8 […]
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 ...
