India’s Output Growth To Slow Thanks To Soft LME Prices And Maxed-Out Capacity
India’s aluminium production in the coming fiscal year is expected to taper off compared to previous years thanks in part...
Asia
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...
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...
EGA Employee Improvements Initiative Saves Firm US$5.7 Million So Far In 2019
A program that incorporates suggestions from rank-and-file employees of Emirates Global Aluminium PJSC (EGA) has saved the company AED20.8 million...
Events
India’s Aluminium Trade Groups Again Call Upon Government To Implement Safeguards
With the finer details of next fiscal year’s budget being ironed out, India’s aluminium sector again took up its call to increase import duties on primary, scrap, and downstream aluminium, and rationalization of aluminium production input costs. The Federation of Indian Chambers of Commerce and Industry (FICCI) and the Aluminium Association of India (AAI) have […]
India Trade Group Calls For Relief From GST On Aluminium Products
Indian trade group Confederation of All India Traders (CAIT) called upon its government to cut goods and services taxes (GST) on a variety of products produced domestically last week, including aluminium utensils and auto parts. The Confederation also counseled a review of other items that were assigned other tax treatment by the country’s GST regime […]
Vietnam Levies Antidumping Duties On Imports Of Aluminium Extrusion And Bar From China
Vietnamese officials confirmed yesterday the imposition of antidumping duties on aluminium extrusion and bar imports from the People’s Republic of China following a five-month investigation. On Wednesday the Vietnamese Ministry of Industry and Trade announced the duties, which range from 2.46 percent to 35.58 percent. The duties, which are slated to run for 120 days, […]
Press Metal Inks Deal To Buy 25% Stake In PT Bintan Alumina Indonesia
Southeast Asia’s biggest aluminium smelter Press Metal Aluminium Holdings Bhd came to an agreement to purchase a 25-percent share in PT Bintan Alumina Indonesia last week. According to press reports, the agreement took the form of a Memorandum of Understanding, with details of the deal left to be agreed upon at a later date. Bintan […]
EGA Inks US$750 Million Funding Deal For Guinea Bauxite Mine Project
Emirates Global Aluminium PJSC (EGA) revealed on Tuesday that its wholly-owned subsidiary Guinea Alumina Corporation (GAC) closed a US$750-million financing deal to fund one of the country’s biggest-ever greenfield mining project. Per EGA, the loan has a 12- to 14-year tenor and is funded by a combination of development finance institutions, export credit agencies, and […]
Is Rio Tinto’s ISAL smelter a bargain or a smart investment?
At least three companies (including Swiss commodity trader Glencore and German Trimet Aluminium) have expressed interest in buying Rio Tinto’s aluminium assets in Iceland, Sweden and the Netherlands, priced at up to US$ 350 million, news agencies reported earlier this month. A ...
Aluminium Extrusions Are Winning The Race For Battery Enclosure In EVs
Battery enclosures for electric vehicles (also called frames, housings or battery packs) have a pretty straightforward purpose: holding and protecting ...
Half-Year Report: Aluminium Prices Still Under Pressure
Base metals prices continued to slide in May and early June, with metals traded on the LME witnessing some serious ...
Aluminium Prices in Q2: A Market Analysis
Base metals prices tumbled in the last week of April and at the start of May, with the aluminium price ...
