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Aluminium Bahrain B.S.C. released results for the year’s opening quarter earlier this week. Lower LME prices teamed up with higher alumina prices to squeeze the firm’s bottom line over the year’s first three months. In the year’s first quarter Alba reported a net loss of BD 15.8 million (US$42 ... Read More
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Hydro is progressing towards normal business operations and continued on-time delivery of customer orders, five weeks after being subjected to an extensive cyber-attack. Extruded Solutions, the largest business area in Hydro with more than 30,000 customers and operations in 40 countries, is now ... Read More
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Novelis Inc., has announced it is supplying Toyota Motor Corporation with premium aluminium automotive body sheet for the all-new 2019 Toyota RAV4. The RAV4 is Toyota’s number-one-selling vehicle and the best-selling non-pickup-truck in the country. With a new-and-improved design that includes ... Read More
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According to a report prepared by the United States Trade Representatives’ office, automotive aluminium and steel stand to benefit from a US$600-million surge over the next five years under the newly-negotiated United States-Mexico-Canada Agreement. Citing sources provided it by U.S. automakers, the ... Read More
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In light of reports that negotiators from the United States government are pushing for quotas to replace the Section 232 tariffs on aluminium and steel on imports from Mexico and Canada, Alcoa’s top man echoed sentiments made by negotiators in opposition to a quota system late last week. In an ... Read More
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California semi-fabricated aluminium producer Kaiser Aluminum Corporation reported results for the first quarter yesterday. Despite challenges relating to Boeing’s 737 MAX, the firm reported strong financials for the quarter. In the year’s opening quarter Kaiser shipped 163 million pounds of product... Read More
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Base metals traded at LME have enjoyed their best quarterly performance in Q1 since 2009. The LMEX index rose by 9.1% for the period, while prices of all metals gained, with the exception of lead whose price remained unchanged. The best performer was nickel, soaring by over 21%. As so often, the ... Read More
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Norwegian aluminium producer Norsk Hydro ASA announced yesterday the planned upgrade of equipment at Hydro Husnes that will allow it to offer advanced aluminium products to automotive manufacturing customers. Hydro says the NOK150 million (US$17.6 million) investment will consist largely of the ... Read More
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British multinational automaker Jaguar Land Rover Limited announced the next step in its aluminium closed-loop program will be a new method for harvesting aluminium from old vehicles for use in aluminium alloys destined to continue on in new vehicles. The initiative, christened REALITY, is under ... Read More
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The collapse of a red-mud storage area and resulting injuries prompted Hindalco Industries to suspend operations at an alumina plant in Northeast India. Per the firm, the collapse injured four workers, while a fifth contract employee disappeared and is still missing. “There was an incident in the ... Read More
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