Zhongwang USA and Aleris Extend Merger Deadline Despite DOJ Action Against Alleged Zhongwang Affiliate Perfectus Aluminum
Zhongwang USA and Aleris Corp agreed on Friday to extend the deadline to cement the sale of the latter to...
Apollo Management L.P.
Sources: Rio Tinto Engaged UBS for Listing Pacific Aluminium on Australian Stock Exchange
According to anonymous sources who spoke to Reuters last week, Anglo-Australian mining giant Rio Tinto Group has engaged Swiss investment bank UBS AG to investigate the possibility of publicly listing Pacific Aluminium on the Australian Stock Exchange (ASX). Reuters said two industry...
Century, Glencore Possible Buyers for Rio Tinto’s Pacific Aluminium Operations
Century Aluminium and Glencore plc are rumored to be contemplating the purchase of Rio Tinto Group’s aluminium assets in the...
Constellium Celebrates Half a Century of Innovation at C-TEC
Amsterdam’s Constellium N.V. marked the fiftieth anniversary of its world-class technology center in France last Thursday. C-TEC, which is located...
Events
Noranda Inks Agreement with Remaining Creditors, Nominates Stalking-Horse Bidder for Remaining Upstream Assets
Franklin, Tennessee’s Noranda Aluminum Holding Corporation announced on Friday that it has negotiated a global settlement agreement with several of the lenders with outstanding claims against Noranda. The document will be submitted to the bankruptcy court handling Noranda’s Chapter 11 proceedings for approval during a hearing later this month. The agreement, among the firm’s secured […]
Judge to Pick from Two Offers for Noranda’s Upstream Business Today
Tennessee’s Noranda Aluminum received two competing offers for its upstream business this week as it auctions off an idled smelter in Missouri, an operating alumina refinery in Louisiana, and a bauxite mining operation in Jamaica. According to bankruptcy court records, Swiss firm ARG International AG, which was formed by a former top Glencore plc aluminium […]
Aleris Purchased by Zhongwang for US$2.33 bln
Cleveland’s Aleris Corporation announced today that it has been purchased by Zhongwang USA LLC, a firm owned by China Zhongwang’s Liu Zhongtian. According to the press release, the purchase price was US$2.33 billion. Aleris indicated that the purchase price was made up of US$1.1 billion in cash, with the balance being debt. Zhongwang, which is […]
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 businesses and policymakers to accelerate decarbonization efforts. However, with COVID-19 disrupting lives and economies in an unprecedented manner, countries across the globe ...
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 ...
Aluminium of Greece (AOG): is the Pechiney spirit still alive?
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
