Aluminium International Today News

Alumina Ltd profit soars

Published: August 12, 2010 by Greg Morris

The company reported a profit of US$44M compared to a profit of US$4M from the same period a year ago.Alumina production was up to 7.4Mt from 6.4Mt from the same period last year and 7.1Mt in H2 2009.

The Australian refineries operated at full capacity. Production at its Point Comfort…

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Novelis running at full capacity

Published: August 11, 2010 by Greg Morris

Net sales for the quarter were $2.5bn, an increase of 29% compared to the $2bn from the quarter the year before. It cited higher aluminium prices and strong demand for the increase.

Ebita for the quarter was a record $263M – a 112% increase from its Ebita of $124M a year ago – and is…

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Indian groups report growth

Published: August 10, 2010 by Greg Morris

Experts believe that Aditya Birla group Hindalco will benefit from its aluminium expansion plans, where it will spend around INR230bn ($4.9bn) over three years, low production cost at its new capacities and an expected turnaround at Novelis.

Sterlite is set to gain from Balco settlement…

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Aluminium companies told to clean up

Published: August 09, 2010 by Greg Morris

The official Xinhua news agency reported that The Ministry of Industry (MIIT) and Information Technology has set the deadline at the end of September for firms to shut down outdated facilities in a move to cut overcapacity and raise the level of economic growth.

The government order…

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Study confirms aluminium weight savings in vehicles

Published: August 06, 2010 by Greg Morris

Based on these findings, aluminium could yield annual savings of fuel and emissions in Class 8 trucks and trailers as high as 1612 gallons and 17.9t of CO2. 

When considering these results for the total United States fleet, approximately two million vehicles, the overall economic and…

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Aluminium boosts Rio profits

Published: August 05, 2010 by Greg Morris

The Anglo-Australian group saw its half-year net profits more than triple to $5.8bn. This compares with $1.6bn for the same six months last year.

Earnings from Rio's iron ore operation, the biggest part of its business, more than doubled to $4.1bn, up from $1.9bn a year…

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