Market Selection

Spanish Government To Decide On Fate Of Alcoa’s San Ciprián Aluminium Smelter

Spanish Government To Decide On Fate Of Alcoa’s San Ciprián Aluminium Smelter

Pittsburgh aluminium pioneer Alcoa Corp said yesterday that it has been unable to come to terms with the labor union at its San Ciprián, Spain aluminium plant, prompting the Spanish government to decide upon the plant’s fate. Alcoa says Spanish regulators have...

Events

Alfa To Sell Off Aluminium Automotive Parts Maker Nemak

Mexican conglomerate Alfa said late last week it is planning to spin off its 75-percent stake in Nemak, a local producer of automotive parts. Alfa is expected to announce the move later this month, which would leave the struggling unit on its own. “We plan a gradual and orderly transition process to make Nemak an […]

Canada Aluminium Exports To United States Down By 30 Percent: AAC

Data released last week by the Aluminium Association of Canada showed a substantial drop in the sale of standard commodity ingot (P1020) aluminium from smelters in Canada to buyers in the United States from last month’s numbers. Per the association, exports to the States from the dominion in July are projected to be off by […]

Trump Administration Levies New Round Of Sanctions On Iranian Aluminium

In an attempt at denying the specialized metals Iran’s nuclear ballistic missile and military programs, the Trump Administration imposed greater sanctions on aluminium, steel, and copper, much of which was already under previous sanction. Late Thursday United States Secretary of State Mike Pompeo described almost two dozen materials used as materials in the Iranian military’s […]

Tianjin Zhongwang Certified By ASI Against Chain Of Custody Standard

The Aluminium Stewardship Initiative (ASI) announced on Wednesday the certification of Tianjin Zhongwang Aluminium Co., Ltd.’s plant in Tianjin against its Chain of Custody Standard. Per the ASI, this week’s certifications cover the plant’s aluminium refining/remelting, casting and post-casthouse activities. The plant, which achieved certification under the ASI’s Performance Standard this spring, carries out casting, […]

Rusal Achieves Sustainability Benchmarks For 2019 Finance Facility

Russian Federation aluminium titan UC Rusal announced yesterday its achievement of sustainability benchmarks negotiated in a finance facility signed last year. As a result, the firm will now be assessed a lower interest rate than it has been paying on the loan until now. Per the firm, it met 2019 target levels of the sustainability […]