Over One-Third Of LME’s Aluminium Stored In ISTIM’s Warehouses In Malaysia
According to data released by the London Metal Exchange earlier this week, the Malaysian warehouse facilities owned by ISTIM UK...
Business
Constellium’s Singen Aluminium Casting And Rolling Plant Achieves ASI Chain of Custody Certification
The Aluminium Stewardship Initiative (ASI) and Amsterdam rolled and extruded aluminium leader Constellium N.V. announced yesterday the certification of the latter’s casting and rolling plant in Singen, Germany to the former’s Chain of Custody standard. As one of Constellium’s largest sites, the...
Portland Aluminium Smelter Needs Reliable, Cheap Power To Stay In Business After 2021: Partners
If the Portland smelter in Australia is to stay open past 2021, it must have a deal on reliable power...
Exclusions Of Imported Aluminium Can Sheet Hurts China’s Battle Against Oversupply: Aluminum Association
The Aluminum Association voiced its opposition late last week to exclusion requests under Section 301 for aluminium can sheet originating...
Events
Nalco Mulling Return To Long-Term Sales Contracts For Surplus Alumina
Citing a fall in global alumina prices, India’s state-run aluminium firm National Aluminium Company Ltd (Nalco) said late last week that it will reboot its strategy regarding sales of the aluminium precursor, with a return to long-term contracts likely. Up until recently the firm has been selling spare alumina on the spot market in an […]
GFG Alliance Inks Deal To Buy Duffel Aluminium From Novelis
Sanjeev Gupta’s GFG Alliance said yesterday it has agreed to buy Novelis’s Duffel BVBA aluminium plant in Belgium for an undisclosed sum. Yesterday’s purchase of the Belgian mill is the latest in a series of aluminium and steel purchases by GFG in recent months and years. The firm purchased Europe’s biggest aluminium smelter in Dunkirk, […]
Apple Buys First Carbon-Free Aluminium From Alcoa-Rio Tinto Joint Venture Elysis
American technological company Apple Inc. announced earlier this week its inaugural purchase of carbon-free aluminium from Alcoa Corp and Rio Tinto Group joint venture Elysis. Apple says the initial purchase will ship later this month from Alcoa’s Pittsburgh research facility. The aluminium is destined for use in Apple products, though the firm declined to identify […]
China Sets New Set Of Scrap Aluminium Import Quotas To 9,844 Metric Tons Through Year’s End
The government of the People’s Republic of China released a seventh set of quotas for 2019 for the import of scrap aluminium and other scrap metals earlier this week. According to Tuesday’s notice from the Ministry of Ecology and Environment’s China Solid Waste and Chemicals Management Bureau, importers may receive another 9,844 metric tons of […]
Alba Refinances US$1.5 Billion Loan Facility Funding Line 6 Expansion Project
Aluminium Bahrain B.S.C. announced yesterday the successful refinancing of a US$1.5 billion syndicated loan facility that the firm has been using to fund the Line 6 Expansion Project. Per the firm, the new terms of the facility give it an 8-year tenor with 16 semi-annual payments and a 6-month grace period for each payment. The […]
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 and industry experts from all over the world to hear and exchange information on latest developments related to base metals and their ...
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 ...
Aluminium of Greece (AOG): is the Pechiney spirit still alive?
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
International Aluminium 2019 Conference – Key Takeaways
The FastmaketsMB aluminium conference is the sequel to the Metal Bulletin aluminium conferences, which have traditionally been one of oldest ...
