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At the Chinalco Group headquarters on March 24, Chairman Duan Xiangdong met with Jakob Stausholm, CEO of the Rio Tinto Group, and his accompanying delegation. The discussions were thorough, emphasising the enhancement of practical collaboration to attain mutually advantageous growth. India's diversified natural resources firm Vedanta Limited disclosed its operational results for Q4 FY2024 and the full year on Thursday, April 4. The company unveiled production figures for both aluminium and alumina. Vedanta reported that its aluminium output volume for Q4 FY2024, concluding on March 31, reached 598,000 tonnes. This marked a 4% year-on-year rise from 574,000 tonnes. Press Metal Aluminium Holdings Berhad, a Malaysian-based integrated aluminium producer, is expected to report a greater net profit for the first quarter (Q1) of 2024, bolstered by the increased spot prices of the metal, despite fluctuating production costs.
On March 24, at the headquarters of the Chinalco Group, Chairman Duan Xiangdong hosted a meeting with Jakob Stausholm, CEO of the Rio Tinto Group, along with his accompanying delegation. The discussions were extensive, focusing on advancing practical collaboration to achieve mutually beneficial growth.
To know more: https://www.alcircle.com/news/rio-tinto-and-chinalco-group-discuss-strategic-partnership-eye-industry-growth-110383
On Thursday, April 4, India's diversified natural resources firm Vedanta Limited announced its Q4 FY2024 and full-year operational results, revealing both aluminium and alumina output volume. Vedanta said its aluminium production in Q4 FY2024, which ended March 31, stood at 598,000 tonnes, reflecting a 4 per cent year-on-year increase from 574,000 tonnes.
Press Metal Aluminium Holdings Berhad, a Malaysian-based integrated producer of aluminium, is likely to register a higher net profit for the first quarter (Q1) of 2024, in support of higher spot prices of the metal, notwithstanding volatile production costs.
The Make it in the Emirates (MIITE) Forum 2024, graced by the esteemed patronage of UAE leadership, marks the dawn of a fresh era in industrial advancement and sustainability. Backed by an impressive lineup of strategic partnerships and sponsorships, featuring prominent entities such as Emirates Global Aluminium (EGA), the platform is poised to propel the nation towards its ambitious objectives of industrial expansion and worldwide prominence.
To know more: https://www.alcircle.com/news/empowering-the-future-of-uae-s-industrial-sector-miite-forum-2024-110391
Alcoa Brasil appointed Daniel Santos as the company's new President and Vice President of Operations. In his new role, Santos will lead over 15,000 employees across the three operational units situated in Juruti (PA), Alumar (MA), and Poços de Caldas (MG). His mandate includes enhancing operational and economic performance, as well as bolstering competitiveness in both domestic and international markets.
To know more: https://www.alcircle.com/press-release/daniel-santos-is-the-new-president-and-vp-of-operations-at-alcoa-in-brazil-110393
Press Metal Aluminium Holdings Berhad, a Malaysian-based integrated producer of aluminium, is likely to register a higher net profit for the first quarter (Q1) of 2024, in support of higher spot prices of the metal, notwithstanding volatile production costs.
On Wednesday, April 3rd, the stock price of National Aluminium Company (NALCO) surged to its highest point in 52 weeks. This milestone was achieved following the company's unprecedented levels of aluminum production, record-breaking bauxite excavation, and its best-ever metal sales. These achievements have surpassed all previous records set since the company's inception.
To know more: https://www.alcircle.com/news/nalcos-stock-hits-52-week-high-on-record-breaking-production-of-upstream-aluminium-110396
National Aluminium Company Ltd. (NALCO), the country’s leading manufacturer and exporter of alumina and aluminium, set new production and sales records for FY23-24. This new milestone surpassed all the previous records since its inception. In FY 23-24, the company also added a new aluminium alloy ingot (AL-59) to its product range.
Aluminum demonstrated robust performance yesterday, bolstered by factors such as increased premiums in Japan and positive economic data from China surpassing expectations. These developments countered concerns about decreased demand from the world's largest consumer.
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