q1 2016

Global Aluminium Production Down by 1.5% in Q1

Global Aluminium Production Down by 1.5% in Q1

According to numbers recently released by the International Aluminium Institute (IAI), worldwide aluminium production for the first four months of 2016 fell by 1.5% year-on-year, totaling a global production of 18.1 million metric tons. In its report, the IAI indicates that the...

Events

Century’s Earnings Down for the First Quarter

Century Aluminium reported first quarter earnings on Thursday, turning in a net loss of US$16.2 million in the challenging opening months of the year. The Chicago-based firm cites the continuing manipulation of the global aluminium market by the People’s Republic of China. Adjusting for a lower of cost or market inventory of US$5.8 million, the […]

Rusal Turns In Improved Numbers for Q1

Russia’s UC Rusal reported results for the first quarter of 2016 early Friday, turning in an increase in sales to 957,000 metric tons, which is up from 876,000 metric tons in the previous quarter, an increase of 9.2% quarter-on-quarter. The firm turned in stronger numbers this quarter, largely on account of a drop in production […]

Chalco Turns In Second Straight Profitable Quarter

State-owned Aluminum Corporation of China Ltd (Chalco) reported its second consecutive profitable quarter today, buoyed by a rise in domestic prices for primary aluminium. Chalco turned in a net profit of CN¥19.2 million (US$2.97 million) for the first quarter, which is down from a profit of CN¥48 million (US$7.74 million) in the first quarter of […]

Norsk Hydro’s Q1 Earnings Beat Projections – Firm Sees Balanced Aluminium Market

Norway’s Norsk Hydro reported its Q1 earnings yesterday, indicating that the global primary metal market was balanced so far this year. The firm reported earnings above forecasts as a result. “Downstream operations have delivered the strongest first quarter since Sapa was established in 2013, driven by seasonally higher volumes in Rolled Products and Sapa, as […]

Reliance Turns In Stronger Numbers in Q1

Reliance Steel & Aluminum Co. released numbers for the first quarter of 2016 yesterday. Although not as strong as the first quarter last year, most of this quarter’s numbers were better than those of the final quarter of 2015. Sales in the first quarter were US$2.16 billion, which is down 17.3% from last year’s Q1 […]