Weak Sales Prices Hamper Earnings For Rio Tinto’s Aluminium Sector In Front Half Of 2019
Anglo-Australian mining giant Rio Tinto Group released results for the first half of 2019 late last week. The firm’s aluminium...
Business
Zhongwang Seeks Legal Advice Over United States Criminal Charges Of US$1.8 Billion In Tariff Evasion
China Zhongwang responded to a United States criminal indictment against it and its controlling shareholder Liu Zhongtian on Sunday, saying that despite being served no official notice of the charges, the company has already sought out legal advice regarding the matter. In...
Bauxite Mining SOP For Pahang Soon To Be Finalized: Natural Resources Minister
The regulations under which bauxite mining and export will be carried out in Pahang are now ready to be finalized,...
Century Beats Revenue Estimates With Q2 Net Loss Of US$16.2 Million
American aluminium smelter Century Aluminum released results for the second quarter of 2019 on Thursday. Though shipments and sales fell...
Events
Novelis Debuts New 25 Percent Stronger Automotive Aluminium Alloy
Atlanta’s rolled and recycled aluminium firm Novelis Inc. announced yesterday the launch of a new aluminium alloy designed specifically for automotive body sheet. The new alloy, christened Advanz 6HS-s650, is a 6xxx-series aluminium alloy that Novelis says surpasses the automotive industry’s standards for strength, lightweighting, formability, performance, and structural integrity. With a reported in-service strength […]
Vedanta To Export Over Half Its Output As India’s Aluminium Imports Continue To Rise
Even as India’s aluminium imports continue to rise, Vedanta Ltd. plans to increase its exports of the metal. Such was the message from a company officer who spoke with domestic media earlier this week. In the current fiscal year the firm plans to send over half its primary aluminium production overseas. As India’s premier aluminium […]
Alcoa Sells Avilés And La Coruña Plants To Swiss Investment Firm PARTER
Pittsburgh aluminium pioneer Alcoa Corporation announced yesterday the sale of the Avilés and La Coruña plants in Spain to Swiss private equity investment group PARTER Capital Group AG for an undisclosed sum. Included in the sale of the subsidiaries is the casthouse and curtailed smelters at both sites and La Coruña’s paste plant. PARTER has […]
Trio Of Alcoa Plants Certified By Aluminium Stewardship Initiative
Pittsburgh aluminium pioneer Alcoa Corporation and the Aluminium Stewardship Initiative (ASI) announced on Tuesday the certification of three of Alcoa’s plants, one each in the company’s three business units. Brazil’s Juruti bauxite mine and Alumar alumina refinery, along with the San Ciprián aluminium smelter in Spain, were all certified against ASI’s Performance Standard for responsible […]
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 jury in January and filed on May 7 but first reported upon by […]
Zhongwang Fake Semis Prosecution May Slam The Door On Key Routes For U.S. Import Duty Avoidance
The global aluminium market has been watching the trials and travails of Chinese behemoth Zhongwang with intense interest for the past few weeks after the company and its founder Liu Zhongtian were brought up on criminal charges by the United States federal ...
Aluminium Prices Under Double Pressure: Trade Wars and Chinese Exports
Base metals prices tumbled to their lowest in several weeks at the start of August, after U.S. President Donald Trump ...
Dirty Metal – China’s Troublesome Tether Between Coal And Aluminium
The year 2019 has been a red-letter year for the aluminium sector in the People’s Republic of China. Despite trade ...
Is Rio Tinto’s ISAL smelter a bargain or a smart investment?
At least three companies (including Swiss commodity trader Glencore and German Trimet Aluminium) have expressed interest in buying Rio Tinto’s ...
