Novelis with net loss in 2016
| Novelis reported a net income of $29 million for the fourth quarter of fiscal year 2016. Excluding tax-effected special items, the company reported a net income of $50 million in the fourth quarter of fiscal 2016, a 35 percent increase over the prior year period. For the fiscal year 2016, the company recorded a net loss of $38 million. Excluding tax-effected special items, net income was $131 million for the full year.
Record results for Norsk Hydro
| Hydro's underlying earnings before financial items and tax increased to NOK 3,208 million in the first quarter, up from NOK 2,886 million in the fourth quarter of 2014.
Novelis invests in automotive scrap recycling
| Novelis has announced the completion of a $48 million investment in its automotive scrap aluminum recycling facility in Oswego, N.Y.
Novelis increases net income in second quarter
| Shipment growth combined with higher aluminum prices drove a 17% increase in net sales for the second quarter of fiscal 2015 to $2.8 billion as compared to $2.4 billion for the second quarter of fiscal 2014.
Novelis Opens World’s Largest Aluminum Recycling Facility
| The aluminium company has invested €200 million in Saxony-Anhalt.
Norsk Hydro: Hydro takes control of Søral aluminium plant
| Aluminium company Hydro and Rio Tinto Alcan (RTA) have signed an agreement for Hydro to take over RTA's share of the aluminium smelter Sør-Norge Aluminium AS (Søral) in Norway.
Leaders of aluminium industry write open letter
| 19 leaders and CEOs of Europes aluminium industry have addressed an open letter to the heads of states and gouvernments, asking them to align the EU’s industrial, climate and energy policies and prevent further de-industrialisation and investment leakage.