Brazilian Court Weighing Lifting Production Embargoes At Alunorte
Norwegian aluminium producer Norsk Hydro ASA said on Friday that its alumina subsidiary Alumina do Norte do Brasil S.A. (Alunorte)...
Latin America
One Of Two Production Embargoes Against Alunorte Lifted By Brazilian Federal Court
A Brazilian court rescinded a production embargo on operations related to a civil lawsuit at Alumina do Norte do Brasil S.A. (Alunorte) on Wednesday, leaving in place an injunction against production imposed in a parallel criminal action. Norsk Hydro says it expects...
Alunorte Embargo Winding Through Brazilian Courts
Norwegian aluminium smelter Norsk Hydro ASA updated its investors on the situation at its Brazilian aluminium refinery Alunorte, noting that...
The Venezuela Blackout Spells Doom for its Aluminium Industry
After Venezuela’s energy supply failed on March 8th, the directors of the CVG together with the presidents of each company...
Events
Labor Dispute With Rusal Tangles Up Bauxite Industry in Guyana
Conciliation talks are set to begin nearly two weeks after UC Rusal partly suspended operations at its bauxite mining site in Guyana. Russia’s largest aluminium producer had halted mining on February 15th amid a pay dispute with some of its 540 employees in the South American country, moving its equipment to a guarded warehouse. The current labor […]
Rusal Ceases Bauxite Mining In Guyana Due To Ongoing Labor Row
Due to a dispute with workers over compensation, Russian Federation aluminium titan U.C. Rusal shut down operations at the Bauxite Company of Guyana over the weekend. Per comments made to industry media on Sunday, laborers at the site “declined to work and demanded a pay increase, even though their salaries had been adjusted for forecast […]
Labor Dispute Leads To Lockout At Rusal’s Bauxite Operation In Guyana
Upon word that its work force would not settle for receiving only 1 percent rather than the desired 15-percent boost in wages, management at Rusal’s Russian Bauxite Company in Guyana commenced a lockout while talks continued. “All affected workers are asked to leave the premises of the company with immediate effect,” stated a letter penned […]
Resurrecting Venezuela’s aluminium industry? The government has a plan
After a year marked by deep regression and economic paralysis, Venezuela has decided to revive its lagging economy by resurrecting a rescue plan for the country’s aluminum industry…that failed to deliver positive results in 2018. The companies that make up the Corporación Venezolana de Guayana (CVG) closed 2018 in the red, reporting declining production values […]
State Environmental Regulator Gives Green Light For Return To Full Production At Alunorte
Norwegian aluminium smelter Norsk Hydro ASA announced yesterday that Pará Secretary of State for Environment and Sustainability (SEMAS) has determined that operations at Alumina do Norte do Brasil S.A. (Alunorte) may now safely resume. Though Hydro warns that the Brazilian federal court must still act to remove the production embargo, it says that it has […]
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 falling to US$ 1765/t on May 10 (cash LME, US$ 1800.5/t 3-month), the lowest since January 2017. While there is no one ...
Research and Investment Hail Changing Tides for Montenegro’s KAP
On April 25, Montenegro’s Uniprom D.O.O. (owners of Kombinat Aluminijuma Podgorica, KAP) started construction works on a €15 million aluminium ...
Aluminium Industry Riding To Higher Demand In Electric Vehicles
This is an exciting time indeed for aluminium consumption, with demand for this highly versatile metal continuing to rise to ...
Alumina Market Update: Surplus Of Alumina, Lower Prices Expected In 2019
2018 was a turbulent year for both the alumina market and the price, signified by the fact that spot price ...
