Latin America

Brazil’s Aluminium Export Volumes Up But Revenues Down Over the First Nine Months of 2016

Brazil’s Aluminium Export Volumes Up But Revenues Down Over the First Nine Months of 2016

Though overall volumes were up, according to numbers released by Abal, revenue from primary aluminium into Brazil were down somewhat over the course of the first nine months of 2016, off by over ten percent year-on-year. Between January and September of 2016,...

Events

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 by Metal Bulletin. However, the picture for exports of the metal isn’t quite as rosy. Brazil sent almost 300,000 metric tons of unwrought aluminium overseas through November last year, which is 9% higher year-on-year according […]

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 […]

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 […]