AWAC to Close Suriname’s Suralco Refinery
Aluminium producer Alcoa Corporation announced yesterday that it would be closing the Suralco alumina refinery and bauxite mines in Suriname....
Latin America
Norsk Hydro Inks Agreement to Pursue Use of LNG at Brazil’s Alunorte Refinery
Norsk Hydro and the Brazilian state of Pará have entered into a Letter of Intent, and Hydro and Shell Brasil Petróleo LTDA have signed a Memorandum of Understanding, both of which are aimed at transitioning the fuel supply for the Alunorte aluminium...
Abal Sees Lower Aluminium Imports into Brazil This Year As Premiums Climb
Prices and demand for aluminium in Brazil are expected to rise in the coming year according to the experts interviewed...
Downstream Aluminium Industry Still a Possibility in Trinidad & Tobago Says Prime Minister
Trinidad and Tobago’s Prime Minister Dr. Keith Rowley told Parliament on Friday that “there still remains an opportunities for an...
Events
Rusal Completes US$299 MM Sale of Alpart to JISCO
Russian Federation aluminium giant UC Rusal yesterday announced the completion of the sale of Alumina Partners of Jamaica (Alpart) to Jiuquan Iron & Steel (Group) Co. Ltd. (JISCO). Rusal says the sale, in which Jisco tendered US$299 million for the vertically-integrated plant, was completed successfully with all required conditions fulfilled as specified by the previously […]
“Seamless” Transfer of Ownership of Jamaican Bauxite Operations to New Day: Jamaican Minister of Finance
Jamaica’s Minister of Finance and the Public Service Audley Shaw told an audience on Sunday that the transfer of ownership of the bauxite operation in St. Ann Parish was conducted in a “seamless” manner. The bauxite operation in Jamaica became the property of New Day Aluminum last month after it submitted the winning bid at […]
Hindalco Said to Soon Sell Brazilian Assets
According to sources close to the firm, India’s Hindalco Industries is planning to shed its alumina assets and bauxite mines in Brazil. The sources indicate that commodity prices are prompting the move. The sources, who spoke to Indian media on condition of anonymity, indicate that the proceeds of the sale would be used towards debt […]
Possible Fake Semi Connection as Aluminium Exports Cascade out of Mexico for Vietnam in June
Mexican exports to Vietnam continued at a blistering pace in June, lending further credence to the notion that a stockpile of fake semis is being transferred out of a warehouse in Guanajuato. According to data from the Mexican Secretariat of Economy, the country exported 162,851 metric tons of aluminium to Vietnam in June, good for […]
Reps from Alpart’s Buyer JISCO to Meet with Jamaican PM Next Month
Jamaican officials will be hosting officials from the People’s Republic of China’s Jiuquan Iron & Steel (JISCO) next month. JISCO is the incoming owner of Alumina Partners of Jamaica (Alpart) after purchasing it from UC Rusal for US$300 million last month. A press release from the Jamaican Prime Minister The Most Honourable Andrew Holness explained […]
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 dizzying heights with every new estimate. Among the brighter stars in the consumption constellation continues to be that of electric vehicles. As ...
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 ...
Leaders Emerge In The Aluminium Industry’s Race To Zero Carbon
One of the aluminium industry’s major goals continues to be the production of metal in a manner that emits the ...
Aluminium Market Update: Why Are Aluminium Prices Lagging Behind Other Base Metals?
Base metals prices have recovered significantly since January’s lows after news that the US and China are inching closer to ...
