GFG Alliance Seeking Payment Pause For Debt Payments To Troubled Backer Greensill
In response to concerns raised by an insolvency filing by one of its financial backers, GFG Alliance leader Sanjay Gupta...
An investment firm in a legal battle with Sanjeev Gupta’s GFG Alliance said this week that it is now the owner of the biggest aluminium smelter on the European continent. American Industrial Partners said that GFG Alliance’s default on its debt with...
In response to concerns raised by an insolvency filing by one of its financial backers, GFG Alliance leader Sanjay Gupta...
Representatives from British trade unions seek to meet with officials at Liberty Steel after one of GFG Alliance’s major backers...
Atlanta’s rolled and recycled aluminium firm Novelis Inc. reported financial results for the first quarter of fiscal year 2021 on...
Sanjeev Gupta told an industry gathering on Monday that his GFG Group expects to top 1 million metric tons per annum of aluminum-smelting capacity within the next two years by way of acquisitions. Speaking at the London Metal Exchange (LME) Seminar, Gupta relayed to virtual attendees that this total would be a significant rise above […]
Atlanta’s rolled and recycled aluminium firm Novelis Inc. yesterday announced the completion of the sale of its operations in Duffel, Belgium to GFG Alliance’s international aluminium subsidiary Alvance in compliance with conditions placed on it by the EU and China for purchase of Aleris. Novelis received payment of €210 million in cash from GFG Alliance, […]
British commodities maven Sanjeev Gupta is shopping around for new components for its aluminium business Alvance, which it hopes to see triple production and become a fully vertically-integrated aluminium production firm. According to comments made yesterday by CEO Arnaud de Weert at the virtual CRU World Aluminium conference, Alvance aims to be carbon neutral within […]
The Aluminium Stewardship Initiative (ASI) announced yesterday the certification of Aleris Alumnum Duffel against its Chain of Custody standard for its aluminium refining and remelting operations and semi-fabrication operations in Belgium. Previously certified against ASI’s Performance Standard one year ago, the plant produces a wide array of aluminium sheet and coil for clients in industries […]
The arbiter assigned to the dispute between the United States Department of Justice and Atlanta’s rolled and recycled aluminium firm Novelis Inc. determined Aleris must sell its plant in Lewisport, Kentucky to satisfy the department’s antitrust concerns in relation to Novelis’ buy-out. Earlier this week the arbitrator found that aluminium and steel are not of […]
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
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 ...