Rio Tinto Turns In Higher Production Numbers for Third Quarter

Oct. 25, 2016 - 09:00

Anglo-Australian mining giant Rio Tinto released third-quarter production results late last week. Though gains were not strong compared to the previous quarter, year-on-year and year-to-date showings fared better. In the just-ended quarter Rio turned out 12.4 million metric tons of…

Chinese Overcapacity Makes for Tough Going on International Aluminium Market: EGA’s Kalban

Oct. 24, 2016 - 15:00

Significant competition from aluminium smelters in the People’s Republic of China will temper upward pressures on the global price of aluminium according to Emirates Global Aluminium chief executive Abdulla Kalban. Although Kalban’s firm is among the top ten aluminium producers…

Rio Tinto Identifies Preferred Bidder for Scottish Smelter

Oct. 24, 2016 - 09:00

Operators of a Rio Tinto smelter in western Scotland confirmed late last week that they were in talks to sell it to a “preferred bidder.” The Lochaber Smelter in Fort William, which is one of the region’s largest employers, is…

Ohio’s US Senators Call for WTO Action Against Chinese Aluminum Firms

Oct. 23, 2016 - 12:00

Ohio’s two United States senators issued a joint press release on Friday urging the United States Trade Representative to bring a World Trade Organization case against the People’s Republic of China over its aluminium overcapacity. The senators say that 15,000…

New Day Aluminum Acquires Noranda’s Upstream Assets for US$24.43 MM

Oct. 22, 2016 - 12:00

Noranda Aluminum’s remaining upstream assets are now the property of New Day Aluminum after having submitted the winning bid at the court-sanctioned bankruptcy auction on Tuesday. Court filings indicate that their bid bested the offer submitted by ARG International AG.…

Gränges Signs On to UN’s Global Compact

Oct. 21, 2016 - 15:00

Sweden’s Gränges AB announced yesterday that it will adopt and implement the United Nations Global Compact. The UN Global Compact is a principle-based framework for businesses intended to encourage businesses to adopt policies that are both sustainable and socially responsible.…

  • Cash Buyer 1673.0 -0.06%
  • 3-Months Buyer 1681.0 ' -0.06%

LME Official Price(USD/tonne) for 26 October 2016

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