M.T. Abraham To Pitch 15-Year Lease Agreement To Aluminij Mostar
Talks over the fate of Bosnian aluminium smelter Aluminij d.d. Mostar continue this week between the government and a Sino-Israeli...
Aluminij Mostar
Aluminij Mostar Inks Aluminium Billet Offtake Agreement With Glencore
Bosnian aluminium smelter Aluminij d.d. Mostar signed a five-year deal this week with British-Swiss firm Glencore plc for the supply of aluminium billet. No details of the deal beyond its term were released to the press. The two firms have been partners...
Aluminij Mostar Management Lays Off Entire Labor Force
Only days after they announced their pending resignation, Aluminij d.d. Mostar’s management said the entirety of the plant’s remaining workforce...
Aluminij Mostar’s Management Resigns As Funding Deal Falls Through
Citing the insufficiency of an offer tendered by the lone investor with an interest in funding a restart of the...
Events
Is Rio Tinto’s ISAL smelter a bargain or a smart investment?
At least three companies (including Swiss commodity trader Glencore and German Trimet Aluminium) have expressed interest in buying Rio Tinto’s aluminium assets in Iceland, Sweden and the Netherlands, priced at up to US$ 350 million, news agencies reported earlier this month. A source cited by Reuters mentioned that Liberty House is also interested in these […]
Aluminij D.D. Mostar Closes Its Doors As Bankruptcy Proceedings Begin
Despite overtures from Emirates Global Aluminuim PJSC and an infusion of cash from Glencore plc, Bosnian smelter Aluminij d.d. Mostar made the decision to shutter the plant and file for bankruptcy yesterday. Wire services reported that the plant was removed from the power grid just after midnight Wednesday morning due to the firm’s substantial outstanding […]
EGA, Glencore In Talks With Bosnian Government Over Struggling Aluminij Smelter
Talks are underway over the fate of Bosnian aluminium smelter Aluminij d.d. Mostar, as Emirates Global Aluminium PJSC and Glencore plc have both expressed interest to the Bosnian government regarding the formation of a strategic partnership with the struggling plant. According to domestic reportage, EGA is in the early stages of developing a plan for […]
Tax Relief Prompts Bosnian Aluminium Smelter Aluminij Mostar to Boost Production by 15 Percent
Bosnia’s Aluminij d.d. Mostar stated Friday that 2018 will witness a 15-percent rise in aluminium production from the firm thanks to the government’s decision last week to eliminate import taxes upon unalloyed aluminium this year. The smelter said it would boost production in the new year to 184 thousand metric tons, allowing it to raise […]
No threat of closure for South East Europe’s smelters in near future
Latest on SEE primary aluminium industry In the Balkan region, there are currently five operational smelters producing some 610,000 tonnes of primary aluminium a year, with total capacity of 672,000 tonnes/year. However, production has decreased by over 180,000 tonnes in 2015, compared to 2006. Today, there are just over 6000 workers employed compared to over […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
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 ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
