Alcoa Australia Slashes Production At Portland Aluminium By 75 Percent
Pittsburgh aluminium pioneer Alcoa Corporation announced last week that its joint venture Portland Aluminium is scaling back production by 75...
Business
Australian Bauxite Reports New Testing In Tasmania Triples Estimated REE Resource
Australian Bauxite Limited (ABx) updated the market this week on the estimated volume of rare earth elements (REE) at its Deep Leads project in Tasmania, noting a 350 percent increase to 13.9 million metric tons. The firm said in a press release...
China’s Unwrought Aluminium Imports Rises By 11.3 Percent In Opening Two Months Of 2023
Customs data released last week by the Chinese government show that imports of aluminium into the country over the first...
Glencore Declining To Renew US$16 Billion Contract With Rusal
In a move that stunned the aluminium world, Glencore plc announced that it is not renewing its US$16 billion contract...
Events
GAC Becomes First Plant In Guinea To Win Aluminium Stewardship Initiative Performance Standard Certification
The Aluminium Stewardship Initiative (ASI) announced this week the certification of Guinea Alumina Corporation SA (GAC) under its Performance Standard V2 (2017). The ASI certification of GAC, a wholly owned subsidiary of Emirates Global Aluminium PJSC (EGA), is the organization’s first-ever certification in Guinea. Covered under the new certification are GAC’s bauxite mining operations close […]
Novelis Marks First Year Of Innovation At Net Zero Lab Valais
Atlanta’s rolled aluminium firm Novelis Inc. celebrated the first full year of operation of its research and development laboratory Net Zero Lab Valais, where it has worked towards scope 1 and 2 carbon neutral production projects for the aluminium industry. The plant’s inaugural year has seen approval for investment in a new electrical pusher furnace […]
Alba Inks Financing Deal For 6 MW Solar Farm Project
Aluminium Bahrain B.S.C. (Alba) announced this week that it has secured funding totaling BD1.6 million (US$4.2 million) for its Solar Farm Project from Bank of Bahrain & Kuwait (BBK). Alba and BBK held a signing ceremony on Monday that was attended by several officers from both firms. With this new funding in hand, Alba will […]
Metro Mining Secures US$30 MM Loan For Bauxite Hills Mine Expansion
Australia’s Metro Mining Ltd. announced this week that it has entered into a financing agreement with Nebari Natural Resources Credit Fund I, LP and Nebari Natural Resources Credit Fund II, LP (“Nebari”) of up to US$30 million. Proceeds from the facility will be used to expand its operations at Bauxite Hills Mine in Queensland, Australia. […]
Speira Shutters Primary Aluminium Production At Rheinwerk Plant
German firm Speira announced the decision to halt aluminium smelting at its Rheinwerk plant, shutting down fully at a plant that cut production by half only last year. The firm said that a precipitous rise in energy prices recently has put the aluminium manufacturing plant in a serious bind. Western Europe is in the midst […]
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 ...
