Archive for January 2019

Alba Concludes Second Tranche Of ECA Financing For Line 6 Expansion Project

Alba Concludes Second Tranche Of ECA Financing For Line 6 Expansion Project

Aluminium Bahrain B.S.C. (Alba) announced on Sunday the closure of the last installment of the second tranche of Export Credit Agency (ECA) financing for Alba’s Line 6 Expansion Project. Per the firm, the second tranche consists of a ten-year, US$136-million Export Development...

HARBOR’s 12th Aluminum Outlook Summit

Venue: Radisson Blu Aqua Hotel, Chicago Website: Registration Link: Contact information: Patricia Martinez, mailto: [email protected] Phone: +1 (512) 640-3674 Summit’s Description: HARBOR’s 12th Aluminum...


End To Sanctions On Rusal A Boon To Armenian Aluminium Supplier

Easing of sanctions upon Russian Federation aluminium giant U.C. Rusal will be a boon to an aluminium mill that provides financial security to thousands of Armenian families, explained a spokesperson for the Armenian National Committee of America (ANCA) after last week’s vote in the United States Senate against prolonging such sanctions. In a press release […]

Surviving the Aluminium Bear Market

“Aluminium drops as bears attack, others wait for news on China”, was the headline of a recent Reuters news report on base metals. The piece noted: “Aluminium prices slipped as bearish speculators kept up selling pressure, while other base metals were lacklustre ahead of the conclusion of U.S.-China trade talks”. The overall gloomy economic climate […]

Weak Aluminium Prices Fail To Hinder Record Production By Chinese Smelters In December

Though aluminium prices remained weak, Chinese smelters increased production last month, helping to propel the year’s output into record territory as well as setting a record in its own right. Such was the story told by official numbers released by the government earlier today. Data released by China’s National Bureau of Statistics indicated that the […]

Fastmarkets MB Index To Be Used In New LME Alumina Contract

The new London Metal Exchange alumina contract will be settled in part by using data from the Fastmarkets MB index, with shared weight given to the CRU’s Alumina price index. Per Fastmarkets, the daily FOB Australia alumina index is a suitable choice for the exchange, having moved from a weekly to a daily basis just […]