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FAIIP approves financing of €59.40 million loan for Latem Aluminum project
03 MAR 20222MINS

FAIIP approves financing of €59.40 million loan for Latem Aluminum project

The Spanish Government supported Productive Industrial Investment Support Fund (FAIIP), promoted by the Ministry of Industry, Trade and Tourism and managed by the public company SEPIDES, has approved financing through loans for the Latem Aluminum project, endowed with €59.4 million. The objective...

No means of new agreement signing with Russian firms, re-examining existing contracts: Norsk Hydro
03 MAR 20221MINS

No means of new agreement signing with Russian firms, re-examining existing contracts: Norsk Hydro

The Norwegian aluminium and renewable energy giant, Norsk Hydro has declared that it will not sign any fresh agreements with the Russian organisations. Hydro said, “The decision has been taken due to the Russian invasion of Ukraine, and sanctions imposed on Russia by the EU and the international...

Irish Government to help Aughinish Alumina to enable it to continue operations amid sanctions on Russia
02 MAR 20222MINS

Irish Government to help Aughinish Alumina to enable it to continue operations amid sanctions on Russia

Simon Coveney, Minister for Foreign Affairs in Ireland, has reportedly said that he is willing to work with management of the Aughinish Alumina refinery in Askeaton to mitigate the impact of sanctions on Russia for its invasion of Ukraine. Mr Coveney has asked the European Commission to consider a...

Alcoa predicts international sanctions on Russia to inflate aluminium prices and squeeze alumina supply
02 MAR 20222MINS

Alcoa predicts international sanctions on Russia to inflate aluminium prices and squeeze alumina supply

According to Platts report, Alcoa’s chief financial officer Willian Oplinger shared his forecast that aluminum prices would continue to inflate while alumina supply to become tighter as a result of international sanctions imposed on Russia due to its military invasion of Ukraine. “It’s a very fluid...

Altek Metal receives 18 million Euros to construct aluminium recycling casthouse
01 MAR 20222MINS

Altek Metal receives 18 million Euros to construct aluminium recycling casthouse

Altek Metal, a manufacturer of finely machined 5083 alloy aluminium cast plates under the Aludur and Aludur Plus trademarks, receives 18 million Euro joint investment from the European Bank for Reconstruction and Development (EBRD) and Garanti BBVA to construct aluminium recycling casthouse with a...

ALVANCE Aluminium Duffel supplies range of aluminium components for Mercedes-Benz EQS’, an all-electric luxury sedan
28 FEB 20222MINS

ALVANCE Aluminium Duffel supplies range of aluminium components for Mercedes-Benz EQS’, an all-electric luxury sedan

The European leader in the business of manufacturing and sales of aluminium rolled products for diverse industries worldwide, ALVANCE Aluminium Duffel will supply its range of aluminium products Ecolite and Superlite to Mercedes-Benz AG to fit in Mercedes-Benz EQS’ wings, doors, roof and side frame...

Lord Barker must quit from En+ and resign from the House of Lords: Ben Wallace, UK Defence Secretary
27 FEB 20222MINS

Lord Barker must quit from En+ and resign from the House of Lords: Ben Wallace, UK Defence Secretary

The Defence Secretary of the United Kingdom, Ben Wallace has stated his words very strongly following the ongoing Russia-Ukraine military conflict that the former Energy Minister Lord Barker must step down from his Chairmanship at the Russian aluminium and energy giant En+ Group and also must...

Downstream products weekly recap: Despite challenging conditions ‘Salzburger Aluminium Group’ reports excellent turnover for 2021; Vedanta Aluminium introduces India’s first low carbon green aluminium brand ‘Restora’
27 FEB 20223MINS

Downstream products weekly recap: Despite challenging conditions ‘Salzburger Aluminium Group’ reports excellent turnover for 2021; Vedanta Aluminium introduces India’s first low carbon green aluminium brand ‘Restora’

Not much has been happening in the downstream sector of the global aluminium industry. To begin with, the Salzburger Aluminium Group, an Austrian family firm with 1100 people globally, had a tremendously promising year in 2021. SAG a global supplier to all well-known OEMs, increased revenues by...

Alumina industry weekly recap: Russia Ukraine conflict causes record breaking inflation in raw material prices; Alumina Limited year ending net profit surges to US$187.6 million
26 FEB 20223MINS

Alumina industry weekly recap: Russia Ukraine conflict causes record breaking inflation in raw material prices; Alumina Limited year ending net profit surges to US$187.6 million

The sudden hike in the number of events in alumina segment is primarily due to the anticipation of the crisis between Russia and Ukraine. The conflict has stirred the raw material industry greatly, causing record breaking inflation in prices of raw materials. Apart from this, looking at the current...

Constellium publishes Q4 and full-year 2021 result: Revenue grows 37% Y-o-Y to €1.7 billion
25 FEB 20224MINS

Constellium publishes Q4 and full-year 2021 result: Revenue grows 37% Y-o-Y to €1.7 billion

Constellium NV, a European value-added aluminium company, launched its fourth-quarter and full-year 2021 results this week. Despite the persisting market challenges brought on by the global COVID-19 epidemic, Constellium's financial result for both the quarters were good. Shipments of 385 thousand...

Scottish Government stands strong amid confronting a potential financial exposure over Lochaber aluminium smelter deal
24 FEB 20222MINS

Scottish Government stands strong amid confronting a potential financial exposure over Lochaber aluminium smelter deal

The devolved government of Scotland, the Scottish Government stands strong amid encountering an inherent financial disclosure of £161 million in regards to its connection in the Lochaber aluminium smelter acquisition deal by British Businessman, Sanjeev Gupta owned GFG Alliance. The Scottish...

Shortage of aluminium in Europe causes regional prices to shoot up
24 FEB 20224MINS

Shortage of aluminium in Europe causes regional prices to shoot up

A catastrophic scarcity of aluminium in Europe has caused regional prices to skyrocket, presenting chances for commodity traders who have pounced on once-in-a-lifetime opportunity to profit by exporting metal from warehouses 6,000 miles away. According to two persons aware of the cargoes, some...

Ireland businesses dismay over financial sanctions against Russia, Aughinish alumina refinery might find itself in the red zone
23 FEB 20222MINS

Ireland businesses dismay over financial sanctions against Russia, Aughinish alumina refinery might find itself in the red zone

Following the succession of diplomatic entries to the Kremlin over the past few weeks, in regards to the standoff between Russia and Ukraine steering a manifestly dangerous whirl with the progress by Vladimir Putin, the Russian President to count that the Ukrainian regions of Donetsk and Luhansk...

Romania: Alesonor allies with Reynaers Aluminium for the Amber Forest complete suburb project
22 FEB 20222MINS

Romania: Alesonor allies with Reynaers Aluminium for the Amber Forest complete suburb project

The developer of the first complete suburb – Amber Forest in Romania, Alesonor inks a partnership with Reynaers Aluminium Romania. The European developer of aluminium products for the building sector, Reynaers Aluminium will supply premium aluminium solutions for doors and windows, Reynaers...

Two GFG Alliance firms files lawsuit to recapture aluminium smelter in Northern France
22 FEB 20224MINS

Two GFG Alliance firms files lawsuit to recapture aluminium smelter in Northern France

Sanjeev Gupta's GFG Alliance metals empire has filed a last-ditch bid in London's high court to recapture a coveted aluminium smelter in northern France from a US private equity firm. Two GFG Alliance firms have launched a lawsuit against a fund owned by American Industrial Partners (AIP), which...

Shares of aluminium giant RUSAL drop by 22%, the biggest fall since April 2018
22 FEB 20222MINS

Shares of aluminium giant RUSAL drop by 22%, the biggest fall since April 2018

In Hong Kong, shares of United Co. Rusal International fell as much as 22% as investors watched the dramatic escalation in the West's standoff with Moscow over Ukraine. This is the greatest drop since April 2018, when Rusal was struck by an earlier wave of US sanctions in response to what the US...

Speira signs agreement to acquire aluminium recycler Real Alloy Europe
21 FEB 20221MINS

Speira signs agreement to acquire aluminium recycler Real Alloy Europe

On 21 st February 2022, the leading aluminium rolling and recycling firm, Speira declared that it has signed a definitive agreement towards the acquisition of the European business of Real Alloy ("Real Alloy Europe"). However, the finalization of the transaction is subject to customary closing...

Hydro Extrusion aluminium production factories in Italy receive ASI certifications
17 FEB 20222MINS

Hydro Extrusion aluminium production factories in Italy receive ASI certifications

The ASI Chain of Custody Standard had been accredited at both of Hydro Extrusion Italy's aluminium production factories in Feltre and Ornago. Each location has also been recertified in accordance with ASI's Performance Standard. The Aluminium Stewardship Initiative (ASI) aspires to see...