Business

Over One-Third Of LME’s Aluminium Stored In ISTIM’s Warehouses In Malaysia

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 house over one third of its total aluminium stock as of the end of last month. Per LME’s numbers, ISTIM’s warehouses in...

Events

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 […]

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 […]