Qinghai Provincial Misses Second Payment This Year On 2020 Dollar Bond
China’s state-owned aluminium producer Qinghai Provincial Investment Group Co. failed to make a scheduled coupon payment on a dollar bond...
Staff
Beijing Raises Tariff On U.S. Imported Aluminium Scrap By 5 Percent
The stakes have risen in the escalating trade war between the governments of the United States and the People’s Republic of China, as Beijing revealed late Friday that tariffs upon aluminium scrap and copper scrap imported from American sellers will increase by...
Aluminium Stewardship Initiative Certifies China’s Xiamen Xiashun Aluminium Foil Against ASI Chain Of Custody Standard
The Aluminium Stewardship Initiative (ASI) announced the certification of Xiamen Xiashun Aluminium Foil Co., Ltd. against the ASI Chain of...
South32’s Bottom Line Punished By Weak Aluminium Prices In FY 2019
A drop in aluminium prices thanks to the heightening trade war between the United States and the People’s Republic of...
Events
Indian Aluminium Producers Struggle Through Fall in Domestic Demand And Rise In Imports
Despite an aluminium demand growth in India of 7 percent in the April through June quarter, a tepid growth in consumption by major industries facing liquidity challenges held aluminium producers back in the quarter. According to reports in domestic financial media, aluminium sales by Indian firms were off by 10.8 percent in the quarter, losing […]
Novelis To Partner With Georgia Tech On Innovation Hub
Atlanta’s rolled and recycled aluminium firm Novelis Inc. and the Georgia Institute of Technology (Georgia Tech) announced earlier this week a US$2.5 million project to establish the Novelis Innovation Hub at Georgia Tech to support research and other educational pursuits that connect Novelis’ experts with the faculty and students at Georgia Tech. Novelis says the […]
Andromeda Inks LOIs For Sale Of 405 Thousand MTPA Of Kaolin To Trio Of East Asian Buyers
Australian industrial minerals firm Andromeda Metals Limited said Monday that it has entered into an agreement for Direct Shipping Ore (DSO) of 405 thousand metric tons per annum of halloysite-kaolin product with Longyan Kaolin China, Beihai Kaolin, and Yamada Toskio Shoten. The three Letters of Intent are for non-binding agreements to ship kaolin at AU$115 […]
Sources Say Xinfa Shutters 500 Thousand MTPA Of Aluminium Smelting Capacity In Xinjiang
An aluminium smelter owned by Xinfa Group in the Xinjiang Uygur Autonomous Region was shut down this week after an explosion at the plant according to a company source. The source, who spoke to Reuters on condition of anonymity, said the blast at the plant north of Ürümqi idled the entirety of its 500 thousand […]
Archer Announces High-Purity Alumina Exploration Target In South Australia
Australian mineral exploration firm Archer Exploration Limited announced yesterday its maiden exploration target for its South Australia undertaking, the Eyre Peninsula High Purity Alumina (EPHPA) Project. Archer’s review of historical drill results in the area, which is about 90 miles southeast of Andromeda Metals’ Poochera Project, showed a kaolin exploration target of between 55 million […]