Q4 2019

Rusal Rebounds From OFAC Sanctions In Q4, But Warns Coronavirus May Sicken The Global Aluminium Trade

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 came charging back from OFAC sanctions, Rusal warns that the coronavirus is likely to pose significant challenges to the firm and the...

China Sets Fourth-Quarter Aluminium Scrap Import Quota At 306,930 Metric Tons

Beijing issued scrap metal import quotas for the third quarter on Wednesday, with increases in allowed tonnage for aluminium, copper, and ferrous scrap for the period. In the third quarter, China Solid Waste and Chemicals Management will allow 436,930 metric tons of scrap metal into its ports, broken up into 306,930 metric tons of aluminium […]

Hindalco To Push Value-Added Aluminium Sales To 1 Million MTPA: Pai

Indian aluminium producer Hindalco expects to spend ₹26 billion (US$370 million) in capital expenditures over the course of the current year, most of which will be devoted to speeding expansion operations at its Utkal alumina refinery and as part of its five-year push to double its value-added production. Such was the message of Hindalco’s managing […]

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 […]