aluminium-sector
Top StoriesNorsk Hydro Keeps Some Aluminium Capacity Offline Due to Weaker Demand
Top StoriesAluminium Foundry Fights for Survival in European Gas Crisis
Top StoriesAluminium Foundry Fights for Survival in European Gas Crisis
Top StoriesTurkey Offers ‘a Warehouse and Bridge’ for Metals Trade to Russia
Norsk Hydro Offers Extra Dividend, Buybacks Despite Uncertainty Ahead
Date: July 22, 2022
By Gwladys Fouche OSLO (Reuters) -Aluminium maker Norsk Hydro proposed an extra dividend and offered share buybacks as it reported quarterly profit that met expectations, sending its shares higher on Friday despite warning of uncertainty amid threats of gas rationing in Europe. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to 11.6 billion...
Why Sentiment in Industrial Metals Has Been Crumbling
Date: July 1, 2022
By Pratima Desai LONDON (Reuters) – Industrial metal prices have just seen their biggest quarter of falls in many years, with the market reflecting exposure to China’s COVID lockdowns, inflation, rising interest rates and stalled growth. The speed and magnitude of the fall was unexpected and partly reflects the sale of metal such as aluminium...
Britannia Global Markets to Give up Lme Membership on June 20
Date: June 9, 2022
By Pratima Desai LONDON (Reuters) – Britannia Global Markets will give up Category 2 membership of the London Metal Exchange (LME) from June 20 after the recent nickel debacle which led the exchange to suspend trading and cancel all nickel trades on March 8. Disorderly trade on that Tuesday saw nickel prices double in a...
Exclusive-Europe Aims to Revive Magnesium Output by 2025 to Cut China Reliance
Date: May 20, 2022
By Eric Onstad LONDON (Reuters) – EU policymakers have launched a drive to restart domestic output of magnesium, used in aluminium and steel products, with at least three firms working on projects, according to documents and officials. A European Commission staff working document made available to Reuters places a new emphasis on magnesium and a...
Aluminium Maker Hydro Warns of Rising Costs After Record Q1 Profit
Date: May 3, 2022
OSLO (Reuters) -Norwegian aluminium maker Norsk Hydro reported on Tuesday record quarterly profits that beat expectations, but also warned of rising costs ahead due to inflation and logistics disruptions, hitting its shares. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) more than doubled to 11.2 billion crowns ($1.19 billion) in the January-March quarter from...
Rusal Exports First Guinea Bauxite in Nearly a Month, Data Shows
Date: April 6, 2022
JOHANNESBURG (Reuters) – Russian aluminium giant Rusal, whose global operations have been hobbled by the war in Ukraine, has exported its first bauxite shipment from its mines in Guinea in nearly a month, an analysis of shipping data showed on Wednesday. Unlike a number of other Russian companies, Rusal is not the target of sanctions,...