News

The improved results reflected higher realised aluminium and alumina prices and stronger sales volumes, partly offset by currency developments.

"We have lifted annual global aluminium demand growth forecast to 4-5 percent for 2016, up from previous forecast 3-4 percent. Higher-than-expected activity in China means that we now see primary aluminium demand in China alone to grow by 5-7 percent in 2016. Globally, we expect a largely balanced aluminium market for the full year, " says President and CEO Svein Richard Brandtzæg.

"For this quarter, we see...

As the Jaguar XE celebrates its first full-year of sales, ‘REALCAR’, the pioneering recycled aluminium project that contributes to the awarding winning saloon’s aluminium-intensive body has reached a significant milestone.

Jaguar Land Rover has reclaimed over 50,000 tonnes of aluminium scrap, the weight of 200,000 XE body shells, back into the production process during 2015/16, preventing more than 500,000 tonnes of CO2 equivalent from entering the atmosphere by not using primary aluminium material.

The figures are a result of project...

Novelis has announced a number of senior executive moves.

Emilio Braghi has been named Senior Vice President, Novelis Inc. and President, Novelis Europe; Tom Boney has been named Vice President, Operations, North America; and, Ganesh Panneer has been named Vice President and General Manager, Automotive, North America.

"These three individuals have proven track records of both commercial and operational success and possess the unique global experiences and passion to lead our company forward," said Steve Fisher, Novelis President and Chief Executive...

Aleris has signed a new multi-year contract with Airbus to supply aluminium plate and sheet to be used in the production of all Airbus aircraft programs.

The contract starts in 2017 and also includes the supply of technically advanced wing skin material. The agreement further strengthens a long-standing partnership with Airbus, demonstrating how Aleris continues to meet the high expectations required of a strategic supplier to the aerospace industry.

"This vote of confidence from Airbus validates our strategy to expand our global rolled products footprint and invest...

UC Rusal has entered into an agreement to sell a 100% stake of the Alumina Partners of Jamaica (‘Alpart’)  to the Chinese state industrial group, JIUQUAN IRON & STEEL (GROUP) Co. Ltd. (‘JISCO’).

The amount of the deal is USD 299 mln. The deal is undertaken within the programme for RUSAL’s assets optimisation and debt ratio reduction.

To facilitate the transfer of Alpart ownership, JISCO and RUSAL will also enter into a Consulting and Technical Service Agreement that will be effective 18 months from the closing of the...

The contract includes a significant increase of business volume commencing January 2017. The contract is the largest ever signed between AMAG and Airbus.
 
“AMAG and Airbus have maintained a successful partnership since the year 2005. This contract will significantly expand our business with Airbus and strengthen our position as a valued supplier to the aircraft industry. We are proud to serve Airbus with high quality rolled products for some of the most advanced aircraft”, said Helmut Wieser, CEO of AMAG Austria Metall AG.

AMAG will supply aerospace...

Simon MacVicker, managing director of Bridgnorth Aluminium, the UK’s only aluminium coil manufacturer, has been appointed Chair of the newly-formed UK Metals Council.

This body, linked to Metals Forum, comprises leading UK metals companies, and speaks out for the UK metals sector with government and BIS. One of its primary roles is to deliver the UK Metals Industry Strategy, which was launched last year.

Mr MacVicker joined British Steel 1987, and undertook various commercial roles, selling steel around UK and Europe to a range of independent and multinational...

The London Metal Exchange (LME) is initiating a market-wide consultation proposing to control escalating warehousing costs by imposing caps on maximum charges.

If enacted, the first capped charges would come into effect on 1 April 2017.

“The metals industry has expressed concerns over the headline rates charged by LME-registered warehouse operators. After conducting an extensive discussion process, the LME believes that a fair and straightforward approach to this very complex issue would be to cap these maximum rates and to impose a medium-term freeze on...

Aluminium Bahrain B.S.C. (Alba) finished the first half of 2016 by attaining its Four Million Plant-wide Hours without Lost Time Injuries (LTIs) on Wednesday, June 29th 2016.
 
This achievement comes in line with “Ramadan Safety Challenge” and in line with the CEO's expectations for 2016 where departments are tasked with the objective of completing the holy month of Ramadan without any cases of Lost Time Injuries (LTIs), Heat Stress related-injuries or accidents while meeting the production targets.

Many awareness sessions and safety visits were...