Sources say Emirates Global Aluminium PJSC (EGA) is weighing a possible initial public offering (IPO) in 2022 after the firm refinanced a significant chunk of its debt this week. Wire service Reuters is reporting that a trio of sources claiming knowledge revealed...
Perth-based mineral miner Canyon Resources Limited announced yesterday the execution of a Strategic Partnership Agreement and a Memorandum of Understanding...
Norwegian aluminium firm Norsk Hydro ASA announced this week plans to invest €11.3 million to increase the aluminium recycling capability...
Trade group Aluminium Stewardship Initiative announced the addition of Turkish aluminium casting firm Cevher Jant Sanayii A.S. With this addition,...
Japanese trading house Marubeni said last week it will soon begin offering low-carbon aluminium ingot to Japanese buyers in response to domestic buyers’ desire for more options that are produced with lower amounts of greenhouse gas emissions. Buyers in the transport, packaging, and construction sectors have been particularly interested in low-carbon aluminium products, ahead of […]
US construction company International Bechtel Co. Ltd. (Bechtel) completed a feasibility study regarding expansion to Egypt Aluminium Company’s (Egyptalum) smelter. Egyptalum is contemplating expanding the aluminium smelter’s production capacity to 250 thousand metric tons per annum. Nag Hammadi aluminium smelter currently boasts a nameplate capacity of 300 thousand metric tons per annum, making it one […]
The majority of London Metal Exchange (LME) members expect to go back to the trading floor upon reopening next month, but some say the volume may be smaller due to the new hybrid system to be put in place. The LME’s trading floor was closed for the first time since the Second World War last […]
Emirates Global Aluminium PJSC (EGA) completed a refinance of US$5.5 billion of its debt, reducing its debt load by US$1 billion. EGA’s refinance of the 2019 note is a senior unsecured note and extends the repayment date by two and a half years. The new note also features terms that materially reduces the cost of […]
Negotiators for Rio Tinto Group and Unifor Local 2301 plan to strike up talks again next week over the prospect of a new collective agreement in hopes that it will end the strike that has now gone on for a month. The parties were last at the negotiating table late last week, but no word […]
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 ...
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
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