Archive for July 2019

Zhongwang’s Liu Zhongtian Indicted By United States Government For Allegedly Evading US$2 Billion In Aluminium Tariffs

Zhongwang’s Liu Zhongtian Indicted By United States Government For Allegedly Evading US$2 Billion In Aluminium Tariffs

Aluminium behemoth China Zhongwang Holdings Ltd founder Liu Zhongtian has been indicted by the United States government on charges that he conspired to evade almost US$2 billion in import tariffs. According to the 53-page indictment, which was presented to a federal grand...

Events

Lindian Secures Funding For Drilling At Gaoual Bauxite Project In Guinea

Australian mineral exploration firm Lindian Resources Limited announced last week the successful funding of bauxite drilling operations in Guinea via a A$1.3 million stock placement. Per the firm, the placement consisted of the sale of 81.25 million fully-paid ordinary shares that were marketed primarily to professional and sophisticated investors. A 1:1 option will also be […]

Rusal Reports 20.8 Percent Rise In Aluminium Sales During Second Quarter

Russian Federation aluminium titan U.C. Rusal released operating results for the second quarter of 2019 on Friday. Production of aluminium and alumina remained essentially level, with sales in the quarter increasing to catch up on a backlog of product trapped in inventory due to last year’s OFAC sanctions. In the first quarter Rusal produced 938 […]

Rusal Joint Venture Aluminium Wire Cable Factory Begins Production

Russian Federation aluminium giant U.C. Rusal announced on Thursday the commencement of production at Bogolsovsk Cable Factory (BCF), an aluminium alloy core wire production facility in which it is a partner with ELKA-Cable Group. Elements of the factory had entered production previously, including a workshop and certain supplemental machinery. Prior to the second workshop’s commissioning, […]

Dutch Firm Nouryon Purchases Chinese Triethyl Aluminium Producer Zhejiang Friend

Dutch chemical company Nouryon announced the recent acquisition of China’s Zhejiang Friend Chemical Co. (Friend) yesterday. Friend is China’s premier producer of triethyl aluminum (Al2(C2H5)6, a/k/a “TEAL”), a metal alkyl often used in the production of high-volume polymers. Per the firm, the move will significantly enhance its global TEAL production, which is frequently used to […]

Kaiser Aluminum Again Beat Market Estimates In 2019’s Second Quarter

Kaiser Aluminum released financial results for the second quarter and first half of 2019 on Wednesday, besting consensus estimates for the third time in the past four quarters. The second quarter’s net sales totaled US$375 million, down on the year from last year’s second-quarter total of US$415 million. Kaiser chalks up the shortfall to an […]