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...
Apollo Management L.P.
Showa Denko Sells Aluminium Assets To Apollo Global Management
Japanese chemical firm Showa Denko K. K. announced earlier this week the sale of its aluminium business to United States investment fund Apollo Global Management for an undisclosed sum. Thursday’s announcement was the latest in Showa Denko’s move to shed assets. Specifically...
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...
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...
Events
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 in the southeastern French city of Voreppe, houses Constellium’s innovation arm and has been responsible for over six hundred patent families and trademarks since it was first opened in 1967. The home of over two […]
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 […]
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 ...
