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Century Aluminium announces robust Q1 2023 results, with net loss improving 75% Q-o-Q
09 MAY 20232MINS

Century Aluminium announces robust Q1 2023 results, with net loss improving 75% Q-o-Q

Century Aluminium, a US-based primary aluminium producer with smelters in Kentucky, South Carolina, and Iceland, announced its first quarter 2023 financial and operational results on Monday, May 8, 2023. The company released that its net sales increased by 4.25 per cent quarter-on-quarter from...

Zurich Cantonal Bank sheds off 29% shares in Kaiser Aluminium
09 MAY 20232MINS

Zurich Cantonal Bank sheds off 29% shares in Kaiser Aluminium

According to a report on Monday, May 8, Zurich Cantonal Bank reduced its shareholding in Kaiser Aluminium Co. by 28.8 per cent in the fourth quarter. As per the disclosure with the Securities and Exchange Commission, the bank shed off 743 shares during the said quarter and owned 1,835 shares of...

ISRI2023: Panellists highlight potential impact on aluminium scrap trade between US and India
08 MAY 20234MINS

ISRI2023: Panellists highlight potential impact on aluminium scrap trade between US and India

Panellists at the Institute of Scrap Recycling Industries (ISRI) 2023 Convention & Exposition (ISRI2023) Spotlight on Aluminium session discussed investments in the North American aluminium value chain and potential impacts on aluminium scrap trade between the United States and India....

Aluar Aluminio Argentino ropes Bomchil to issue US$100 million worth of notes
05 MAY 20231MINS

Aluar Aluminio Argentino ropes Bomchil to issue US$100 million worth of notes

The sole producer of primary aluminium in the Argentine Republic, Aluar Aluminio Argentino, has engaged Bomchil to issue US$100 million worth of notes. Bomchil is a highbrow firm with considerable clout in the Argentine legal industry and beyond. Since its inception, it has tripled its aluminium...

US aluminium crude metals and alloys imports decline 22.5% M-o-M driven by reduced inflow from Canada
03 MAY 20232MINS

US aluminium crude metals and alloys imports decline 22.5% M-o-M driven by reduced inflow from Canada

According to the US Census Bureau data, the United States’ aluminium crude metals and alloys imports during February 2023 amounted to 238,000 tonnes, reflecting a plunge of 22.48 per cent from a month ago. In January, the import volume was 307,000 tonnes after being plummeted by 20.88 per cent from...

US aluminium scrap exports remain consistent in Feb’23 at 159,000 tonnes: USGS
28 APR 20232MINS

US aluminium scrap exports remain consistent in Feb’23 at 159,000 tonnes: USGS

In February 2023, the United States exported 159,000 tonnes of aluminium scrap, almost consistent compared to 160,000 tonnes in January, found the US Census Bureau data. On a year-on-year calculation, the export volume jumped 358 per cent from 34,700 tonnes. In the first two months of 2023, the...

US primary aluminium production plummets by 21% Y-o-Y during Feb’23
25 APR 20232MINS

US primary aluminium production plummets by 21% Y-o-Y during Feb’23

According to the US Census Bureau data, domestic primary aluminium production in February 2023 was 59,000 tonnes, reflecting a decline of 5,000 tonnes or 7.81 per cent month-on-month. In January, the US primary aluminium output was 64,000 tonnes, muted from the previous month. On a year-on-year...

Novelis’ second Green Bond Report outlines its efforts to meet sustainability goals
24 APR 20232MINS

Novelis’ second Green Bond Report outlines its efforts to meet sustainability goals

Novelis, a global supplier of sustainable aluminium solutions and the world leader in aluminium rolling and recycling has released its second Green Bond report. This report details the business's sustainability-focused initiatives, supported by a Green Bond issued by the corporation two years ago...

Alcoa predicts lower production costs in 2Q2023 given a drop in raw materials prices
20 APR 20231MINS

Alcoa predicts lower production costs in 2Q2023 given a drop in raw materials prices

Alcoa Corporation, the world’s eighth-largest producer of aluminium, said lower prices of ingredients they use for metal-making would eventually reduce the production costs in the second quarter of 2023, while aluminium demand would stay robust. Favourable raw materials, substantial output volume,...

US Navy commissioned a new combat ship featuring aluminium trimaran design
13 APR 20232MINS

US Navy commissioned a new combat ship featuring aluminium trimaran design

At a ceremony held on Saturday at Naval Base Ventura County, Port Hueneme, the U.S. Navy officially put a brand-new battleship into service. According to the Navy, the USS Santa Barbara, a so-called "littoral combat ship," or LCS, is a quick ship designed for surface warfare and near-shore and...

US Navy maintainers get trained on aluminium structure restoration by CTC
13 APR 20231MINS

US Navy maintainers get trained on aluminium structure restoration by CTC

A group of U.S. Navy maintainers has been taught how to utilise a method Concurrent Technologies Corp. (CTC) developed for repairing aluminium structures without removing the gear from a ship. The business announced on Monday that staff at the Norfolk, Virginia-based Mid-Atlantic Regional...

Green Earth Recycle initiates closed loop solar panel recycling in Nevada
12 APR 20232MINS

Green Earth Recycle initiates closed loop solar panel recycling in Nevada

Green Earth Recycle can be deemed the first closed-loop solar module recycler and was approached by the McCarthy Building Companies and EDF Renewables to replace and recycle end-of-life solar panels from the Arrow Canyon Solar Project in Apex, Nevada. Southern Nevada-based new minority-owned...

California Olive Ranch™ launches three varieties of olive oil in fully recyclable aluminium bottles
06 APR 20232MINS

California Olive Ranch™ launches three varieties of olive oil in fully recyclable aluminium bottles

California Olive Ranch™ has reportedly launched a new line of fully recyclable and eco-friendly aluminium bottles, establishing the brand’s commitment to achieving broader sustainability and quality goals. The new packaging was launched online on April 5, 2023, with three varieties of olive oil...

Arconic receives US$2 million Iowa state funding to upgrade water systems in Riverdale
06 APR 20232MINS

Arconic receives US$2 million Iowa state funding to upgrade water systems in Riverdale

The state of Iowa has allotted US$2 million in funding to upgrade the water infrastructure at Arconic’s facilities in Riverdale. This can be regarded as one of the five awarded grants deployed by the state sanctuary. Arconic has calculated this upgradation might decrease water withdrawal by over 77...

Djuce aluminium canned wine marks its entry into the US market.
05 APR 20231MINS

Djuce aluminium canned wine marks its entry into the US market.

Djuce, a business that produces sustainable canned wine, announced its entry into the US market. They will start on the West Coast in Los Angeles, San Francisco, and San Diego. Djuce was established in Stockholm, Sweden, in 2022 to revolutionise wine drinking. At the centre are renowned European...

US aluminium plates, sheets and bars exports improve by 14% M-o-M in January 2023
05 APR 20232MINS

US aluminium plates, sheets and bars exports improve by 14% M-o-M in January 2023

In January 2023, the United States exported 63,000 tonnes of aluminium plates, sheets and bars compared to 55,200 tonnes in December 2022. That reflected an increase of 7,800 tonnes or 14.13 per cent month-on-month, found the US Census Bureau data. However, in December, the export volume plunged by...

US aluminium scrap exports to Malaysia start 2023 with a monthly hike of 12.45%
03 APR 20231MINS

US aluminium scrap exports to Malaysia start 2023 with a monthly hike of 12.45%

According to the US Census Bureau data, the United States aluminium scrap exports to Malaysia initiated the new year with an increase of 3,400 tonnes or 12.45 per cent month-on-month. In January 2023, the exports grew to 30,700 tonnes, following a plunge from 33,400 tonnes to 27,300 tonnes in the...

Yousif Capital decreases its stake in Kaiser Aluminum by 13.6% during Q42022
30 MAR 20232MINS

Yousif Capital decreases its stake in Kaiser Aluminum by 13.6% during Q42022

One of the most reputable institutional investors in the US, Yousif Capital Management LLC, has made a significant move towards reorganising its portfolio. According to the organisation's most recent filing with the Securities and Exchange Commission (SEC), during the fourth quarter (Q4), it...