Asia

Despite Lobbying, India Government Passes On Rise In Aluminium Scrap Duties

Despite Lobbying, India Government Passes On Rise In Aluminium Scrap Duties

Although the Indian Primary Aluminum Association has intensely lobbied the Indian government for a raise on scrap metal imports, New Delhi’s budget for the upcoming year has no provisions for an increase on aluminium-rich zorba scrap metal import duties. Indian aluminium firms...

Events

Alcoa Transfers Interest In Aluminium Rolling Mill Joint Venture To Ma’aden

Pittsburgh aluminium pioneer Alcoa Corporation announced yesterday the amendment of its joint venture with Saudi Arabian Mining Company (Ma’aden), which will have the firm transfer its interest in a portion of the aluminium complex to Ma’aden along with a cash payment of US$100 million. Per the amended agreement, Alcoa will transfer to Ma’aden its 25.1-percent […]

U.S. Commerce Department Grants Tariff Waiver For Specialty Japanese Aluminium

A request from California electric automaker Tesla Inc to the U.S. Commerce Department to waive 10-percent tariffs on imported aluminium from Japan was approved earlier this month, allowing the company to continue using the metal for battery cells at the Gigafactory in Nevada. According to documents posted two months ago, the Commerce Department acted upon […]

EGA Greets Region’s First-Ever Capesize Vessel To Khalifa Port In Abu Dhabi

Yesterday, Emirates Global Aluminium PJSC (EGA) greeted the arrival of the region’s first fully-laden Capesize vessel at its quay at the Khalifa Port in Abu Dhabi. The arrival marks the beginning of bauxite shipments to fuel the new alumina refinery in Al Taweelah. The bulk ore carrier is the biggest ever to dock at a […]

Japanese Premiums For Aluminium Shipments Increase By 3 Percent In Third Quarter

Third-quarter premiums for Japanese aluminium shipments will rise by 3 percent to US$108 per metric ton thanks to a fall-off in supply that overrode apprehension over a possible drop in regional demand. The rise in premiums is the second consecutive rise, following an increase to US$105 per metric ton in April. Sources who spoke to […]