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Rusal reports interim results with net profit of US$1.68 billion, down 16.75% year-on-year
Rusal reported interim results for 2022 with revenues of $7,153 million, up 31.3% year-on-year. Adjusted EBITDA of $1.807 billion, up 37.4% year-on-year. Net profit of $1.68 billion, down 16.75% year-on-year. Earnings per share of $0.1106. Revenues from sales of primary aluminum and alloys increa...Read more -
Photovoltaic industry research and strategy for the second half of the year: boom up, technological innovation
Volt installed growth pivot upward The “14th Five-Year Plan” underpins the medium- and long-term growth expectations of the scenery The “14th Five-Year” renewable energy development target is once again clear, and the policy underpins the annual installed capacity of PV an...Read more -
Nobelis eyes U.S. recycling legislation to increase aluminum scrap supply
Nobelis, one of the world’s largest producers of rolled aluminum, plans to lobby for more recycling legislation in the U.S. to increase the supply of scrap metal. The company is one of three to announce new rolling mills in the U.S. this year, setting the stage for increased competition for...Read more -
The Indian government will change the pricing structure to calculate the average selling price of bauxite in the future
The Indian government plans to change the pricing structure to determine the average selling price of metallurgical grade bauxite in order to attract the private sector. In the current situation, states are unable to auction existing bauxite ore because companies find the selling price of the raw...Read more -
Alro to suspend alumina production in Romania for 17 months due to high energy prices
Romanian aluminum producer Alro said on July 21 it will temporarily close its Alum alumina plant in Tulcea due to high energy prices. The company said the management’s proposal will be approved at the shareholders’ meeting to be held on July 29, 2022, to suspend Alum’s alumina p...Read more -
European energy-saving winter, the metal industry first “red light”: zinc and aluminum production capacity has been cut in half
Amid a supply crunch caused by the Russia-Ukraine conflict, European non-ferrous metals industry association Eurometaux warned Wednesday that European zinc and aluminum smelting capacity has fallen by nearly half in the past year, and now a further spike in electricity prices could lead to more p...Read more -
Under the global energy transition, can aluminum replace large amounts of copper demand? Experts say electrical conductivity is the key
With the global energy transition, can aluminum replace the massive new demand for copper? At present, many companies and industry scholars are exploring how to better “replace copper with aluminum”, and proposed to adjust the molecular structure of aluminum can improve its electrical...Read more -
U.S. media: U.S. aluminum can shortage to brewers “unexpected trouble”
The U.S. “Los Angeles Times” website reported on the 12th, the U.S. nationwide shortage of aluminum cans supply to brewers brought unexpected trouble, pushing up the price drinkers have to pay. California’s aging recycling system reportedly doesn’t collect enough aluminum ...Read more -
Hydro begins expansion of aluminum recycling plant in Germany to produce 25,000 tons of HyForge billet
On Friday, July 8, Hydro announced that it broke ground this week, marking the start of expansion work at its aluminum recycling plant in Rackwitz, Germany. The project will require an investment of approximately €40 million to produce 25,000 tons of HyForge per year, resulting in increased use o...Read more -
Dutch Aloft expected to acquire Alcoa’s Portland aluminum smelter
Alcoa is approaching Dutch company Aloft regarding the sale of its Portland aluminum smelter, according to foreign media reports. Aloft Holdings is committed to acquiring aluminum assets globally, having previously acquired the only aluminum smelter in the Netherlands, and has committed to a new ...Read more -
Century Aluminum: Its Hallsville aluminum plant will be shut down for 9-12 months
Century Aluminum announced on June 22 that it will temporarily shut down its aluminum plant in Hawesville, Kentucky, due to soaring energy costs, with the shutdown process set to begin on June 27. The company said in a statement that the shutdown was “caused by soaring energy costs,” ...Read more -
Dutch Aloft Group plans to acquire Alcoa Portland Aluminum
A new Dutch company run by a former Australian investment banker was recently in advanced talks to buy Australia’s second-largest aluminum producer, the Portland aluminum smelter, from Alcoa, according to AFR. Aloft Holdings, a Dutch company formed last November to buy and operate aluminum ...Read more
