Brazil Continues Talks for Permanent Exemption to Trump Aluminium Tariff
Brazilian president Michel Temer said earlier this week that talks with representatives of the United States government regarding exemptions for...
Latin America
Norsk Hydro And Brazilian Government Ink Agreements Over Resumption Of Full Production At Alunorte Alumina Refinery
Norsk Hydro has reached an agreement with the relevant Brazilian state and federal government bodies to resume production at the world’s biggest alumina refinery. Hydro announced that the plan to ramp back up operations at Alunorte in the state of Pará, which...
Trump Aluminium Trade Hurdles Could Have Serious Ramifications for Jamaican Alumina, Foreign Minister Warns
Jamaica’s Minister of Foreign Affairs and Foreign Trade Kamina Johnson Smith cautioned citizens of the island nation that its thriving...
Guyanese Government Promises Protection for Workers Laid Off Due to U.S. Sanctions on Rusal
The fallout continues due to the United States Treasury Department’s decision to sanction Oleg Deripaska and Rusal, as 200 workers...
Events
First Bauxite Lands US$10 MM Financing for Bauxite Project in Guyana
Canadian mining firm First Bauxite Corporation (FBX) announced on Friday the successful negotiation of a second bridge-loan facility of up to US$10 million and the recent commencement of construction on the firm’s Bonasika Bauxite Project. Per the firm, the bridge-loan facility will be paid out in four tranches – a US$2 million disbursement available immediately, […]
Jamaican Government Plans Merger of Clarendon Alumina and Jamaica Bauxite Mining, With Stock Exchange Listing to Follow
Jamaica’s government announced earlier this week its intention to combine Clarendon Alumina Partners (CAP) and the Jamaica Bauxite Mining Limited, followed by listing the resulting organization on the country’s stock exchange. Jamaican Minister of Transport and Mining Robert Montague told local media that the plan, for which he is currently seeking Cabinet support, would allow […]
Brazil Turns Down Aluminium Quotas in “Capone-Like” Negotiations with Trump Administration
Though characterized by Trump administration officials as the adoption of a preliminary agreement to exempt the country from the blanket aluminium tariffs lately imposed upon all importers, officials from the Brazilian government took to the record late last week to reveal that they were offered only quotas as an alternative. Brazil was initially the recipient […]
Sanctions Against Rusal Lead to Cessation of Bauxite Shipments from Guyana
The unintended consequences of United States sanctions upon Russian business interests continue, as German shipping group Oldendorff Carriers GmbH & Co. KG. cites U.S. Treasury Department sanctions levied against U.C. Rusal as the reason it has been forced to suspend its business with Guyana. In a statement sent to Reuters, Oldendorff said it plans to […]
Sources Say Argentina on Verge of Long-Term Exemption to U.S. Aluminium Tariff
According to rumors seeping out of last weekend’s Summit of the Americas, Argentina is soon to be the recipient of a carve-out to U.S. President Donald Trump’s blanket 10-percent tariffs upon imported aluminium. Per unnamed sources, the two countries’ governments struck an agreement allowing for such an exception, though the parties have yet to iron […]
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both businesses and policymakers to accelerate decarbonization efforts. However, with COVID-19 disrupting lives and economies in an unprecedented manner, countries across the globe ...
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 ...
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 ...
