CME Group to Offer Two New Alumina Futures Contracts Next Month

CME Group to Offer Two New Alumina Futures Contracts Next Month

American derivatives marketplace CME Group (Chicago Mercantile Exchange & Chicago Board of Trade) announced two new futures contracts on Monday. Both will be contracts for aluminium oxide, or alumina. According to the relevant press release, CME Group will be offering Alumina FOB...


Yarwun Lays Off Fifty in Final Round of Labor Cuts

In a memo distributed to Rio Tinto workers at Queensland’s Yarwun bauxite operation, general manager Colin McGibbon explained why fifty workers were released in the final round of cuts intended to make the plant profitable again. “Commodity prices have decreased to some of the lowest levels we’ve seen in recent history, with no clear line […]

NALCO Announces Record Highs in Bauxite, Alumina Production

India’s National Aluminium Company (NALCO) announced Saturday that it had its highest production of bauxite and alumina in the previous fiscal year. The state-owned enterprise said that these numbers reflect a re-emphasis on ore and alumina in order to remain profitable in a weak metals market. “These are the highest-ever production figures since inception of […]

Aluminium Business Buoys Rio Tinto on FY2015 Earnings Statement

British-Australian mining giant Rio Tinto released its 2015 earnings statement today. Rio’s aluminium operation finished the year earning the company US$1,118 million. Down only 10% from last year, the aluminium business weathered the global economy better than Rio’s other mineral sectors, namely iron ore, copper and coal, and diamonds and other minerals. The firm’s aluminium […]