Leading recycled aluminium producer Norsk Hydro stock is attracting investor attention as its second-quarter (Q2) performance, aluminium prices and market outlook shape sentiment around the company. Hydro reported strong Q2 2026 profitability , backed by higher aluminium prices, product premiums...
Chuangxin Industries Holdings Limited recorded a robust financial performance in the first half (H1) of 2026, with revenue rising 32.4 per cent year-on-year to RMB 11.53 billion (USD 1.71 billion) and net profit jumping 166.1 per cent to RMB 2.32 billion (USD 344.19 million). The Chinese aluminium...
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In Q3 2023, Alcoa Corporation delivered noteworthy results, with increased third-party shipments, enhanced cash flow, and significant achievements. Highlights: They increased third-party alumina shipments by 11 per cent and aluminium by 1 per cent sequentially. A cash balance of $926 million was...
Vedanta Limited, an Indian multinational mining company, has announced its metal output report for the second quarter of FY2023-24 ended September 30. As per the report, Vedanta produced 594,000 tonnes of aluminium compared to 579,000 tonnes in the June quarter . That reflected a sequential rise of...
In August 2023, the global aluminium industry experienced some significant developments. Despite minor fluctuations, the LME aluminium price decreased slightly, while the SHFE price exhibited growth. Anticipations for the year's second half indicate an upswing in aluminium demand, with both...
The primary sector of the aluminium industry is witnessing many new and significant events. To begin with, Emirates Global Aluminium (EGA), the world's largest producer of premium aluminium and the largest industrial firm in the UAE, recorded a competitive financial performance in H1 2023. Despite...
The Australian mining and exploration company Metro Mining Limited has announced that in the six months ending 30 June 2023 (‘H1 2023’), it achieved a record in H1 shipments. The strategies implemented during 2022 aimed at reducing unit costs and improving its resilience are now being realised by...
Russell Investments Group Ltd. has reportedly increased its stake in Century Aluminum by 33.1 per cent to 130,391, representing about 0.14 per cent of the company's worth. By buying these additional shares, Russell Investments Group shows its confidence in the company's future prospects. Ressell...
Emirates Global Aluminium (EGA), the world's largest producer of premium aluminium and the biggest industrial company in the United Arab Emirates reports competitive financial performance for the aluminium sector in H1 2023. Despite market conditions moderating, EGA's adjusted EBITDA was AED 4.2...
Pakistan Aluminium Beverage Cans Limited experienced a significant increase in profitability, up 72.14 per cent YoY in 1HCY23. The company's profit after tax reached Rs2.71 billion, a notable improvement from the Rs1.58 billion profit reported in the same period last year. As part of the...
Press Metal Aluminium Holdings Bhd, the largest aluminium smelter in South East Asia, announced the second quarter results of 2023, reporting a 25 per cent year-on-year decline in net profit ended June 30. The company’s net profit for Q2 was recorded at RM305.79 million or 3.73 sen per share...
Zacks Investment Research has reportedly lowered its estimates for Century Aluminium’s Q3 2023 earnings per share (EPS) in a research report issued to clients and investors. According to M. Agarwal, a research analyst at Zacks, projects that Century will post earnings of $0.09 per share for the...
South32, with its heterogeneous mining portfolio, has recorded a 20% revenue plunge in FY 2023 ending in June, with the company incurring a loss of $173 million preceded by a non-cash impairment of $1.3 billion for its Taylor deposit at the Hermosa project. The revenue for FY 2023 plummeted from...
China Aluminium International Engineering (CHALIECO) reported a net loss of RMB 831 million attributed to shareholders during the initial half of 2023. This starkly contrasts with a profit of RMB 124 million documented in the same period the previous year. Notably, increased charges for asset...
This week the global primary aluminium segment saw releases of the quarterly results of Century Aluminium and NALCO. As per the data, the National Aluminium Company Limited (NALCO), a Schedule 'A' Navratna CPSE, revealed that its quarterly earnings for Q1 FY2023-24 fell 40 per cent due to low...
Capral Limited, manufacturer and distributor of fabricated and semi-fabricated aluminium and associated products in Australia, has reported strong result for H1 2023 that has outperformed expectations. As per the report, the company’s net cash stood at $41.2 million at the end of the year’s first...
Goyal Aluminiums Ltd, a metal trading services company, has recently reported its quarterly results for the period ending on June 30, 2023. The company has performed exceptionally well in Q1 FY24, with impressive growth in key financial indicators compared to the previous quarter. The net sales for...
Century Aluminium Company, the owner's primary aluminium capacity in the United States and Iceland, announced its second quarter 2023 results. The company's net sales for the second quarter ended June 30, 2023, increased by 4 per cent sequentially, primarily due to higher realized aluminium prices....
Hind Aluminium Industries Limited, a manufacturer of aluminium & alloy conductors and aluminium wire rods, reported net sales of INR 0.38 crore in the June quarter versus INR 0.33 crore a quarter ago and INR 1 crore a year earlier. At the end of FY2023, Hind Aluminium’s net sales amounted to INR...
National Aluminium Company Limited (NALCO), a Schedule ‘A’ Navratna CPSE, reported last week that its quarterly profit for Q1 FY2023-24 recorded a 40 per cent fall, attributed to sluggish global aluminium prices and mediocre demand. NALCO said that it earned a consolidated profit of INR 3.34...
