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...
Latin America
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 soon to be separated from their jobs at a Rusal contractor have turned to the Guyanese government for assurances regarding the severance...
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,...
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...
Events
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 […]
Continuing Overcapacity Prompts Renewed Calls For G20 to Form Global Aluminium Forum
Half a dozen groups representing a wide swath of the global aluminium trade teamed up to renew a call to world leaders for the formation of a global forum for tackling the issue of global aluminium overcapacity. Citing the work of last year’s G20 summit and their publication of the Global Forum on Steel Excess […]
Pair of Independent Investigations Find No Pollution by Alunorte
Norsk Hydro A.S.A. reported the findings of two reviews of the ongoing situation at Alumina do Norte do Brasil S.A.’s (Alunorte) refining plant, both of which confirm the company’s contention that the plant released no toxins during a flooding event several weeks ago. The two reports, of which one was a review by an internal […]
Norsk Hydro Completes US$10-MM Deal for Alcoa’s Twin Aluminium Extrusion Plants in Southern Brazil
Norwegian aluminium producer Norsk Hydro A.S.A. announced yesterday the completion of its purchase of two aluminium extrusion plants originally owned by Arconic in southern Brazil. The US$10-million deal dovetails with Hydro’s stated aim of increasing its presence in the field of extruded aluminium according to a statement released on the occasion of the sale. Hydro […]
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 ...
