Aluminum
Novelis believes that the demand for lighter, greener, simpler, and safer vehicles will continue to grow in future.
The company launched new improvement program to deliver NOK 6.5 billion in improvements by the end of the current decade.
Citigroup observed that Canada and Mexico happens to be the topmost suppliers of these metals to the U.S.
Also, it added that there would be no job losses as a result of the decision.
ELYSIS uses proprietary inert anode technology to eliminate all direct greenhouse gas emissions from the aluminum smelting process.
The partnership will support Vedanta’s upcoming 430 kilo tonnes per annum (KTPA) cast house, where molten metal is cast into aluminium products.
The market reaction has been to open a financial arbitrage window to facilitate continued flows of aluminum product from east to west.
Meanwhile, the supply of aluminum is expected to increase to 70.6 million tonnes annually at a slower rate of 1.9%.
The UV light system destroys contamination without creating waste byproducts that must be disposed of elsewhere.
In the second quarter of fiscal year 2025, adjusted EBITDA dropped 5% from the previous year to $462 million.
In a sense, this is a story of aluminum, alumina and bauxite. Of late, aluminum prices have been shooting up, touching new highs at the London Metal Exchange (LME) and in other global exchanges. Much of this is because of a worldwide alumina shortage.
Megatrends are driving aluminum demand of 3%, 4%, and 5% every year, he said.
Adjusted EBITDA for Energy in the third quarter decreased compared to the same period last year, from NOK 762 million to NOK 626 million.
The net sales increased to $748 million in third quarter of 2024, upon comparison with $744 million in Q3 last year.