Norsk Hydro shares gain 14% M-o-M: Aluminium demand, Q2 results draw investor focus
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 H1’26: Profit jumps 166%, driven by aluminium prices, green power
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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Week in Review: A quick recapitulation of headlines from the downstream aluminium industry
<p>The downstream aluminium industry has seen a lot of development in the last week. AlCircle wraps up the downstream products vertical covering general, market, project and technology segments. Here’s a sneak peek into some of the top stories of the week gone by:<br /><br...
Secondary aluminium ingot producer Metalcorp posts strong earnings growth for FY2016
<p>Metalcorp Group B.V., one of the leading manufacturers of secondary aluminium ingots in Europe, posted impressive growth across all consolidated earnings figures for the fiscal year ended 31 December 2016. The company's profit margin remains constant in back-to-back transactions requiring no...
UC RUSAL Aluminium production for 2016 up 1.1% YOY to 3.68 million tons
<p>UC RUSAL, the leading global aluminium producer, announces its operating results for the fourth quarter 2016 and full year 2016. <br /><br />As reported in the result, Rusal produced 930 thousand tons of aluminium in Q4 2016, registering a 1.0% growth quarter on quarter. Smelters...
Arconic monetizes majority of stake in Alcoa Corporation
<p>Arconic Inc. today announced that it has monetized more than 60 percent of the 36,311,767 shares it retained in Alcoa Corporation. The sale of 23,353,000 Alcoa Corporation shares will result in approximately $890 million in proceeds.<br /><br /><img style="vertical-align: middle; display: block;...
Nalco’s Q3 net profit dips at INR144 cr; 9-months’ aluminium production rises 3.6% YoY
<p>India's navaratna public sector undertaking National Aluminium Company Limited (Nalco) today announced its financial results for the third quarter ended 31st December 2016. The company's standalone net profit declined 2.67 per cent to stand at INR143.92 crore (up from INR121 crore in the...
Vedanta Limited reports 31% YOY growth in revenue in third quarter FY2017
<p>Vedanta Limited today announced its unaudited consolidated results for the third quarter (Q3) ended 31 December 2016.</p> <p>The company reported revenues of INR 19,320 crore, up 23% QoQ and up 31% YoY. The company also reports an EBITDA of INR. 6,002 crore, up 29% QoQ and up 83%, YoY. The...
Hindalco aluminium business up 147% to INR 876 crore in Q3 2017 driven by strong performance
<p>Hindalco Industries, the Aditya Birla flagship company reported a net income of INR 320.56 crore in Q3 2017 against a loss of INR 32.49 crore YOY, driven by strong operational performance and recovery in aluminium prices.</p> <p>Revenue during the quarter grew by 13.8% to INR 9,914.8 crore...
Alba’s Q4 2016 net income improves by US$ 79 million
<p>Aluminium Bahrain B.S.C (Alba) presents its financial results as per the International Financial Reporting Standards (IFRS) accounting rules. Alba’s Financial Results for Full-Year 2016 are summarised below:<br /><br /><strong>Alba Q4 Highlights</strong><br /><br />• Alba posted 2016...
Wheels India's Q3 net profit more than doubles; forged aluminium wheels segment on track
<p>TVS Group promoted India's largest auto component manufacturer Wheels India Limited has posted net profits at INR13.21 crore for the third quarter ended December 31, 2016, up 120.9 per cent from INR5.98 crore of the corresponding period last year. The company with a robust portfolio featuring...
Feb 6-10: A weekly recap of the global primary aluminium industry
<p>The past week saw two of the biggest aluminium producers of the world- <strong>Norsk Hydro and Rio Tinto</strong> announcing their financial results for the fourth quarter and full-year period of 2016 ending December 31. While Hydro’s EBITDA for fourth quarter of the last fiscal rose...
Higher alumina and aluminium prices boost Hydro’s Fourth quarter 2016 results
<p>Norsk Hydro has reported its forth quarter 2016 results. Hydro's underlying EBIT increased to NOK 1,829 million in Q4 from NOK 1,477 million in Q3 2016. The rise was due to higher realized alumina and aluminium prices, slightly offset by seasonally higher costs and lower...
Hindalco surges on strong show from Novelis in December quarter
<p>Hindalco shares surged over 3 per cent to an intraday high of INR 192.25 on Wednesday after its US subsidiary Novelis reported strong earnings for the October to December quarter. Novelis contributes more than half of Hindalco's operating profit. Atlanta-based Novelis said its adjusted net...
Automotive solutions segment drives Exco Technologies' Q4 2016 sales up 17% YoY
<p>Ontario, Canada based Exco Technologies has reported a quarterly Earnings Per Share of $0.27 in its recently held 2016 annual meeting of shareholders. A total of 24,407,453 common shares or 57.33 per cent of the issued and outstanding common shares were voted in connection with the meeting, Exco...
Novelis doubles their Q3 net income to $67 million from $32 million in 2015
<p>Novelis, the world leader in aluminium rolling and recycling, today reported net income of $63 million for the third quarter of fiscal year 2017, compared to a net income of $6 million in the prior year period. Excluding tax-effected special items in both periods, the company more than doubled...
Arconic to focus on margin expansion, RONA improvement and cost cutting in 2017
<p>Arconic has reported its fourth quarter and full year 2016 results. This is Arconic’s first independent quarter reporting earnings following the separation of Alcoa Corporation and Arconic. <br /><br />Commenting on the results, Klaus Kleinfeld, Arconic Chairman and CEO said, “In the...
Arconic reports strong productivity gain for Q4 and full year 2016: revenue stays flat YOY
<p>Arconic Inc. reported fourth quarter and full-year 2016 results on January 31, the Company’s first quarter reporting earnings after the separation of Alcoa Inc. on November 1, 2016, into two standalone companies- Arconic Inc. (the new name for Alcoa Inc.) and Alcoa Corporation. Arconic is...
Alcoa reports 9% revenue growth in Q4; full year 2016 revenue drops 17%
<p><span id=":bc.co" class="tL8wMe EMoHub" style="text-align: left;" dir="ltr">Alcoa Corporation, a global leader in bauxite, alumina, and aluminium production reported fourth quarter 2016 results on Tuesday, January 24, registering profit growth at the combined segment level and an improved cash...
Hulamin expects a surge in earning per share for the full year 2016
<p>Hulamin, the aluminium product manufacturer and supplier from South Africa is expected a surge in earnings at a rate of 127 per cent and 141 per cent for FY2016. The company has attributed the expected surge in earnings to a strong manufacturing performance last year. This target will lift...
