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...
Asia
New Andhra Pradesh Government Rescinds Mining Authorization For Vishakhapatnam
The incoming government for Andhra Pradesh announced earlier this week its decision to rescind the order promulgated by a previous government allowing for bauxite mining along the coast at Vishakhapatnam. On Tuesday, the state’s new Chief minister YS Jagan Mohan Reddy requested...
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...
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...
Events
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 to a weak market for the metal at the London Metal Exchange (LME) in recent months. Such was the conclusion drawn by India’s ratings firm CARE Rating Limited and spelled out in a report released […]
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 […]
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 (US$5.7 million) since the beginning of the year. To date the program has received over 14,000 suggestions from EGA employees on improving processes at worksites and reducing costs. In addition, the firm conducted a program […]
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 […]
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 ...
