The economy of Iceland is small and subject to high volatility. In 2011, gross domestic product was US$12 billion, but by 2018 it had increased to a nominal GDP of US$27 billion. With a population of 387,000, this is $55,000 per capita, based on purchasing power parity (PPP) estimates. The 2008–2011 Icelandic financial crisis produced a decline in GDP and employment that has since been reversed entirely by a recovery aided by a tourism boom starting in 2010. Tourism accounted for more than 10% of Iceland's GDP in 2017. After a period of robust growth, Iceland's economy is slowing down according to an economic outlook for the years 2018–2020 published by Arion Research in April 2018.
Rio Tinto Alcan is a Canada-based mining company. Headquartered in Montreal, Quebec, it is a subsidiary of global mining conglomerate Rio Tinto. It was created on 15 November 2007 as the result of the merger between Rio Tinto's Canadian subsidiary and Canadian company Alcan.
Alcoa Corporation is a Pittsburgh-based industrial corporation. It is the world's eighth-largest producer of aluminum. Alcoa conducts operations in 10 countries. Alcoa is a major producer of primary aluminum, fabricated aluminum, and alumina combined, through its active and growing participation in all major aspects of the industry: technology, mining, refining, smelting, fabricating, and recycling.
Anglesey Aluminium was a joint venture between Rio Tinto and Kaiser Aluminum. Its aluminium smelter, located on the outskirts of Holyhead, was one of the largest employers in North Wales, with 540 staff members, and began to produce aluminium in 1971. It was built on the Penrhos Estate, 500 acres of which were sold by the Stanley family for the project. Up until its closure it produced up to 142,000 tonnes of aluminium every year and was the biggest single user of electricity in the United Kingdom.
Hindalco Industries Limited an Indian aluminium and copper manufacturing company, is a subsidiary of the Aditya Birla Group. Its headquarters are at Mumbai, Maharashtra, India.
The Anglesea Power Station was a brown coal–powered thermal power station located at Anglesea, in Victoria, Australia. The station had one steam turbine, with a capacity of 150 megawatts (200,000 hp). It was operated by Alcoa of Australia and supplied almost 40% of the electricity used by the company's Point Henry aluminium smelter, until the smelter's closure in August 2014.
British Aluminium was an aluminium production company. It was originally formed as the British Aluminium Company Ltd on 7 May 1894 and was subsequently known as British Alcan Aluminium plc (1982-1996).
Aluminium in Africa originates from bauxite, and within Africa is primarily found in Guinea, Mozambique and Ghana. Guinea is by far the biggest producer in Africa, and is a world leader in bauxite production.
United Company RUSAL, international public joint-stock company is the world's second largest aluminium company by primary production output. It was the largest until overtaken by China Hongqiao Group in 2015. UC RUSAL accounts for almost 9% of the world's primary aluminium output and 9% of the world's alumina production.
Volta Aluminum Company, known as VALCO, is an aluminium company based in Tema, Greater Accra Region founded by Kaiser Aluminum and now wholly owned by the government of Ghana.
Iceland is a world leader in renewable energy. 100% of Iceland's electricity grid is produced from renewable resources. In terms of total energy supply, 85% of the total primary energy supply in Iceland is derived from domestically produced renewable energy sources. Geothermal energy provided about 65% of primary energy in 2016, the share of hydropower was 20%, and the share of fossil fuels was 15%.
Aluminium smelting is the process of extracting aluminium from its oxide, alumina, generally by the Hall-Héroult process. Alumina is extracted from the ore bauxite by means of the Bayer process at an alumina refinery.
Emirates Global Aluminium ("EGA") is owned equally by Mubadala Investment Company of Abu Dhabi and Investment Corporation of Dubai. EGA is an aluminium conglomerate with interests in bauxite/alumina and primary aluminium smelting.
The Tiwai Point Aluminium Smelter is an aluminium smelter owned by Rio Tinto Group (79.36%) and the Sumitomo Group (20.64%), via a joint venture called New Zealand Aluminium Smelters (NZAS) Limited.
En+ Group plc is a green energy and metals company. It has a controlling stake in Rusal, one of the world's largest aluminum producers outside of China. EN+ was founded by Oleg Deripaska
Aleris Corporation was an American aluminum rolled products producer, based in Beachwood, Ohio. The company had approximately 5,000 employees globally as of mid 2015.
The aluminum industry in the United States in 2023 produced 860 thousand metric tons of aluminum from refined metal ore, at six smelters. In addition, US industry recycled 3.4 million tons of aluminum . Total annual imports of metal and alloy for use in secondary production stood at 2.6 million metric tons in the year to August 2023, with the previous decade seeing a fundamental shift toward recycled production.
China Hongqiao Group Limited is a company founded in 1994 that specializes in the production of aluminium. Hongqiao is currently the second largest aluminium producer in the world after Chinalco. It is listed on the Hong Kong Stock Exchange with stock code 1378, and is incorporated in George Town, Cayman Islands.
The Nukegate scandal was a political and legal scandal that arose from the abandonment of the Virgil C. Summer nuclear expansion project in South Carolina by South Carolina Electric & Gas (SCE&G) and the South Carolina Public Service Authority in 2017. It was the largest business failure in the history of South Carolina. Before its termination, the expansion was considered the harbinger of a national nuclear renaissance. Under joint ownership, the two utilities collectively invested $9 billion into the construction of two nuclear reactors in Fairfield County, South Carolina from 2008 until 2017. The utilities were able to fund the project by shifting the risk onto their customers using a state law that allowed utilities to raise consumers' electricity rates to pay for nuclear construction.