U.S. Commerce Department Self-Initiates Investigation Into Common Alloy Aluminium Sheet from China
The United States Department of Commerce surprised the aluminium industry Tuesday when it announced a self-initiated antidumping duty (AD) and...
Archive for November 2017
With Completion of Marine Infrastructure, Metro Mining Continues Apace for Beginning Production at Bauxite Hills in Mid-2018
Australian metals miner Metro Mining Limited announced yesterday that it cleared another hurdle in the race to open the Bauxite Hills Mine with the completion of principally all of the necessary marine infrastructure. According to Metro Mining, construction is complete upon the...
Mitsubishi Materials Co. Reveals Falsified Quality Data for Aluminium Products
Another Japanese firm has come forward to disclose falsified data given to customers regarding aluminium products. Officials from Mitsubishi Materials...
Illicit Bauxite Mining in Pahang Finally Stopped Upon Seizure of Stockpiles: Pahang MB
Certain bauxite ore miners in Pahang continued to mine in contravention of the continuing bauxite moratorium until the Malaysian Anti-Corruption...
Events
Why aluminium prices still have potential to grow
Aluminium has been the top-performing base metal this year, prices climbing 25 % so far, largely due to China’s determination to shutter illegal smelters, and cut production of aluminium and alumina by 30% in four provinces around Beijing during the winter, to curb pollution. After reaching the its highest level in five years of US$ […]
Coal Shortages Burning Out India’s Aluminium Producers
Acute coal shortages in India are beginning to take their toll on the country’s aluminium producers, as several of the major aluminium firms are unable to obtain sufficient quantities to keep captive power plants in operation. According to the Aluminium Association of India, the majority of the country’s smelters are facing power shortages, as their […]
The Promised Road: Implementing Aluminium Capacity Cuts (Part 2)
As mentioned in the first part of this series, three main policies will remain in force this winter. We have already shown that the policy of shutting down illegal production capacity is strictly implemented. So far, the vast majority of illegal production have been closed or halted. The same trend is visible in the implementation […]
Alro Slatina Inks Three-Year, US$167 MM Credit Facility
Romanian aluminium company Alro SA (Alro Slatina) announced earlier this week the execution of a three-year, US$167 million (€140.7 million) credit facility for financing working capital. The deal, which is managed by Austria’s Raiffeisen Bank International A.G. and its local affiliate Raiffeisen Bank Romania, will be financed by several European banks, including OTP Bank Romania, […]
Minnesota’s Spectro Alloys Plans US$5.5 MM Investment in Aluminium Recycling Plant
Greater Twin Cities metals firm Spectro Alloys Corporation announced plans earlier this month to invest US$5.5 million to expand and upgrade its aluminium recycling facilities in Rosemount, Minnesota. According to the firm, planned upgrades include an expansion of recycling facilities, safety improvements, and efficiency modifications intended to reduce natural gas and electricity use in the […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
