DoC Initiates Investigation into Aluminium Sheet from 18 Countries
With aluminium prices at multi-year lows, a petition signed by the US Aluminium Association and a number of industry players...
Staff
Rusal Inks Long-Term Contract With Glencore Worth $16.3 Billion
Aluminium major Rusal has signed a long-term aluminium supply deal with Swiss trader Glencore worth $16.3 billion, according to a Hong Kong regulatory statement published on April 3rd. The contract is for 2020-2024, with an option to extend past 2025. The deal,...
ShFE Aluminium Stocks Decline and CRU Predicts 4 Million Tonne Surplus In 2020
Data shows that aluminium stocks on the Shanghai Futures Exchange (ShFE) have fallen for the first time in 2020, going...
To Cut Or Not To Cut: Chinese Aluminium Smelters Face Growing Dilemma
According to latest figures provided by Aladdiny, Chinese aluminium smelters have axed up to 340,000 tonnes in annual production due...
Events
Coronavirus Moves LME Trading Online, Aluminium Crashes
For the first time since World War II, the London Metal Exchange temporarily closed trading in response to the ongoing COVID-19 health crisis, moving its activity online. This follows after it moved last week to Chelmsford, a small town in Essex, in order to “minimize the transit” of employees and traders through London. On March […]
Vedanta Plans Capacity Increase To 1.8 Million MTPA At Lanjigarh Alumina Refinery In Coming Fiscal Year
Indian aluminium producer Vedanta said last week it expects to ramp up production at its Lanjigarh alumina refinery by 300 thousand metric tons per annum in the coming fiscal year. The firm said it plans to ramp up the site’s existing capacity of 1.5 million metric tons per annum to a total of 1.8 million […]
Ball Corporation To Purchase Brazil’s Aluminium Aerosol Firm Tubex For US$80 Million
Last week Colorado’s Ball Corporation entered into an agreement to purchase Brazilian aluminium aerosol firm Tubex Industria E Comercio de Embalagens Ltda for US$80 million. According to Ball, the purchase will enhance the firm’s presence in South America, as the demand for sustainable packaging in the region continues to grow at an unprecedented rate. Tubex […]
Weak Fourth Quarter Drags Rusal’s 2019 Financials Down As Greater Impact From Coronavirus Looms Ahead
Russian Federation aluminium giant U.C. Rusal released financial results for 2019 this week, reporting a sharp increase in net losses during the year’s final quarter. The firm predicted the recent coronavirus outbreak is likely to make a significant impact upon the global aluminium market in the current year’s opening half. Rusal reported an adjusted net […]
Japan’s First Second Quarter Aluminium Premiums Deal Lower By 22 Percent From 2019
Japan saw the first significant aluminium delivery deal for the second quarter of this year settle at US$82 per metric ton above London Metal Exchange cash price earlier this week according to industry sources who spoke to metals media. Per S&P Global, the anonymous source said the deal was for over 500 metric tons per […]