Europe

Global Aluminium Production Falls To 5.25 Million Metric Tons In June

Global Aluminium Production Falls To 5.25 Million Metric Tons In June

Global aluminium production fell in June, as the worldwide total of smelted primary aluminium last month came to 5.25 million metric tons according to numbers released by the International Aluminum Institute on Monday. Per the Institute’s numbers, June’s production was down on...

Events

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 source cited by Reuters mentioned that Liberty House is also interested in these […]

Aluminij D.D. Mostar Closes Its Doors As Bankruptcy Proceedings Begin

Despite overtures from Emirates Global Aluminuim PJSC and an infusion of cash from Glencore plc, Bosnian smelter Aluminij d.d. Mostar made the decision to shutter the plant and file for bankruptcy yesterday. Wire services reported that the plant was removed from the power grid just after midnight Wednesday morning due to the firm’s substantial outstanding […]

EGA, Glencore In Talks With Bosnian Government Over Struggling Aluminij Smelter

Talks are underway over the fate of Bosnian aluminium smelter Aluminij d.d. Mostar, as Emirates Global Aluminium PJSC and Glencore plc have both expressed interest to the Bosnian government regarding the formation of a strategic partnership with the struggling plant. According to domestic reportage, EGA is in the early stages of developing a plan for […]

Gränges And Aurora Labs Ltd Ink Agreement To Discuss Enhanced Cooperation In 3D Aluminium Manufacturing

Swedish rolled aluminium firm Gränges AB and Australian metal 3D printing developer Aurora Labs Ltd signed a Memorandum of Understanding last week that contemplates increased commercial and research ties between the two firms. Operating through its wholly-owned subsidiary A3D Operations Pty Ltd., Aurora and Gränges agreed to a framework for possible future transactions between the […]

Sources Say Glencore And Liberty House Among Trio Of Potential Buyers Of Rio Tinto’s Iceland Aluminium Assets

Sources revealed to Reuters late last week that at least three companies, including Glencore plc, have shown a strong interest in purchasing Anglo-Australian mining giant Rio Tinto Group’s aluminium operations in Iceland, Sweden, and the Netherlands for up to US$350 million. An anonymous source Reuters characterized as being involved in the banking industry reportedly told […]