News

Rusal Inks Long-Term Contract With Glencore Worth $16.3 Billion

Rusal Inks Long-Term Contract With Glencore Worth $16.3 Billion

Aluminium major Rusal has signed a long-term aluminium supply deal with Swiss trader Glencore worth $16.3 billion, according to a Hong Kong regulatory statement published on April 3rd. The contract is for 2020-2024, with an option to extend past 2025. The deal,...

Events

Coronavirus Moves LME Trading Online, Aluminium Crashes

For the first time since World War II, the London Metal Exchange temporarily closed trading in response to the ongoing COVID-19 health crisis, moving its activity online. This follows after it moved last week to Chelmsford, a small town in Essex, in order to “minimize the transit” of employees and traders through London. On March […]

Ball Corporation To Purchase Brazil’s Aluminium Aerosol Firm Tubex For US$80 Million

Last week Colorado’s Ball Corporation entered into an agreement to purchase Brazilian aluminium aerosol firm Tubex Industria E Comercio de Embalagens Ltda for US$80 million. According to Ball, the purchase will enhance the firm’s presence in South America, as the demand for sustainable packaging in the region continues to grow at an unprecedented rate. Tubex […]