Business

Trump Reinstates Aluminium And Steel Tariffs Against Argentina And Brazil Via Surprise Tweet

Trump Reinstates Aluminium And Steel Tariffs Against Argentina And Brazil Via Surprise Tweet

Citing currency weaknesses that he says are harming the American farmer, United States President Donald Trump announced on Monday the reimposition of import tariffs on aluminium and steel from producers in Brazil and Argentina. A surprise pre-dawn tweet by the head of...

Events

Gränges Buys Poland’s Aluminium Konin For SEK2.3 Billion

Swedish rolled aluminium firm Gränges AB announced on Thursday that it has come to an agreement to purchase its Polish counterpart Aluminium Konin from the Boryszew Group for SEK2.3 billion (US$240.8 million). Per the firm, the deal is equal to an EV/EBITDA multiple of 6.9x LTM (Last Twelve Months) from September’s EBITDA. In addition to […]

EGA Inks Five-Year Bauxite Supply Agreement With Xinfa From GAC Mines In Guinea

Emirates Global Aluminium PJSC (EGA) said earlier this week it has come to a five-year agreement with Xinfa to supply its refineries with bauxite from its bauxite mines in Guinea. Per the firm, EGA’s Guinea Alumina Corporation (GAC) would supply the Chinese firm with “millions of tonnes” of bauxite starting next year and the first […]

ABx Designing Mine Lease Application For Binjour Bauxite Project

Australian Bauxite Limited (ABx) updated investors on the progress of operations at its Binjour Bauxite Project yesterday, noting that positive bulk sampling results has allowed the firm to begin designing the lease on the area. Per the firm, bulk sampling at the mine in Queensland earlier this year has defined the best Mining Lease Application […]

Scientists Discover Flexible Alumina Glass

A Finnish researcher may have discovered a method for producing glass with alumina that is far more flexible than conventional glass. According to research published by Erkka Frankberg at Tampere University in Finland, conventional glass has not found a wider range of applications due to its highly brittle nature. Conventional glass is formed by rigid […]