Strong Shipments Buoy Alcoa’s Q2 Financials

Jul. 20, 2017 - 09:00

American aluminium major Alcoa Corporation announced results for the just-ended second quarter of 2017, turning in a respectable bottom line despite challenges presented by prices in the metals market. Alcoa reported a revenue of US$2.9 billion for the quarter, besting…

Metro Mining Raises A$38 MM to Complete Bauxite Hills Mine Funding

Jul. 19, 2017 - 15:00

Brisbane’s Metro Mining Ltd announced earlier today a successful bookbuild that raised the firm A$38 million (US$30 million) in capital. According to Metro, the institutional placement was quite popular, gaining support with both existing investors and new parties from both…

Awaiting US Tariffs on Aluminium Imports

Jul. 19, 2017 - 12:41

US tariffs for imported aluminium are looming and seem increasingly unavoidable, as China continues its record levels of production. The latest figures coming out of China on aluminium production and exports are discouraging for those who expected China would start…

Rio Tinto Sets Bauxite Production Record in Q2

Jul. 19, 2017 - 09:00

Anglo-Australian metals miner Rio Tinto Group released production totals for the second quarter of 2017 yesterday. Among the firm’s highlights in the quarter was a record bauxite ore production of 12.9 million metric tons. The firm record output was a…

Alba Reopens Damaged Aluminium Reduction Line 5

Jul. 18, 2017 - 15:00

Aluminium Bahrain B.S.C. announced yesterday that repair operations to its Reduction Line 5 have been successfully completed. The line suffered damage on April 5 when a power station supplying energy to the line failed. As a result, Line 5 was…

China Records Record High in Aluminium Production in June

Jul. 18, 2017 - 09:00

Aluminium output from producers in the People’s Republic of China hit record highs last month, according to numbers released by the government. Experts believe the jump in production is the result of producers chasing rising prices resulting in the government’s…

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LME Official Price(USD/tonne) for 21 July 2017