Aluminium News

Alcoa Completes Traco Acquisition

Premier Maker of Windows and Doors Joins Alcoa Building and Construction Systems

Norsk Hydro 2Q Results rise further on higher aluminium prices and solid sales

LINE-HEIGHT: 15pt; BACKGROUND: white» class="MsoNormal">FONT-FAMILY: Verdana; COLOR: #333333; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold» lang="EN-US">Hydro had underlying earnings before financial items and tax of NOK 1,110 million in the second quarter, rising from NOK 688 million in the first quarter. Higher realized aluminium prices, continued improvements in alumina operations and higher downstream sales lifted underlying results for the quarter.

Rio Tinto-ANU Partnership to build stronger links with China

The successful Rio Tinto-ANU China Partnership to build strategic understanding of long-term developments in China will be expanded, providing potential for Australia to benefit from greater collaboration and deeper relationships with China.

Second quarter 2010 operations review

Chief executive Tom Albanese said: "2010 continues to shape up well for Rio Tinto and we are driving our operations at close to capacity. Markets for most of our products are strong and the overall long term demand outlook is positive. But in recent weeks, fears about a possible double-dip recession in OECD countries and a slight slowdown in Chinese growth have led to some weakening in sentiment. We believe this pattern of volatility in the global economy is set to continue. 

Aluminium helps Eve reduce carbon footprint — and costs

When the British road access system manufacturer Eve approached Hydro about wanting to reduce its carbon footprint, the British company was expecting strong technical support. They received creativity, too — along with all the benefits of aluminium.

IUCN and Rio Tinto announce three-year relationship — focus on enhanced sustainable development

IUCN (The International Union for Conservation of Nature) and Rio Tinto today entered into a formal collaboration agreement, committing to work together over a three year period.

The relationship aims to help Rio Tinto strengthen its sustainable development efforts, environmental management and delivery of conservation outcomes, while enabling IUCN to increase its awareness and understanding of the conservation and business challenges facing the resources sector.

Alcoa Reports Second Quarter 2010 Results

Alcoa (NYSE: AA) today announced second quarter 2010 income from continuing operations of $137 million or $0.13 per share compared with a first quarter 2010 loss from continuing operations of $194 million, or a loss of $0.19 per share. First quarter 2010 results included restructuring and special charges of $295 million, or $0.29 per share. The second quarter of 2009 showed a loss from continuing operations of $312 million, or $0.32 per share including restructuring charges.

Rio Tinto refers Ivanhoe’s Shareholder Rights Plan to arbitration

Rio Tinto announced today that it has given notice to Ivanhoe Mines Ltd. that it has referred to arbitration Ivanhoe’s breaches of the Private Placement Agreement caused by its adoption of the Shareholders Rights Plan. Before its adoption, Rio Tinto advised Ivanhoe that the Rights Plan would breach Rio Tinto’s contractual rights. However, the board of Ivanhoe nonetheless adopted the Plan on April 6, 2010 over Rio Tinto’s strong objection.

Footbridges highlight advantages of aluminium

Aluminium can stand up to the toughest maritime weather nature can throw at it.

Several pedestrian bridges over rivers and estuaries in England and Wales use aluminium extrusions from Hydro.

RUSAL to submit Norilsk Nickel EGM request by 20 July

UC RUSAL, (HKSE: 486, Euronext: RUSAL/RUAL), the world’s largest aluminium producer and owner of 25% shares of MMC Norilsk Nickel, intends to submit a request to convene an extraordinary general meeting of MMC Norilsk Nickel by 20 July.