Beijing Says Aluminium Production Rebounded By 3.9 Percent In November Despite Falling Prices
Despite falling prices in the year’s penultimate month, shipments of primary aluminium in November bested totals from both last month...
Argonaut
South32’s Bottom Line Punished By Weak Aluminium Prices In FY 2019
A drop in aluminium prices thanks to the heightening trade war between the United States and the People’s Republic of China took a serious toll on Australian metals miner South32 Limited’s results for the fiscal year of 2019, as the firm reported...
Hongqiao Shares Plummet To Two-Year Lows After Fees On Captive Power Plants Announced By Shandong Government
Shares of the world’s most prolific aluminium producer dove for the second straight day on Monday after its home province...
Metro Mining’s Institutional Placement Raises A$17.5 Million
Australia’s Metro Mining Ltd. announced last week a bookbuild that raised A$17.5 million in capital for the firm. The institutional...
Events
Aluminium Price Drop Sinks Chalco Profits by 19.4 Percent in Q1
Aluminum Corp of China Ltd (Chalco) released first-quarter results on Monday, turning in a net profit in the quarter lower by 19.4 percent from the previous year. For the just-ended quarter China’s biggest state-run aluminium smelter recorded CNY308.6 million in net profits, off from adjusted net profits of CNY382.9 million in the first quarter of […]
Metro Mining Raises A$38 MM to Complete Bauxite Hills Mine Funding
Brisbane’s Metro Mining Ltd announced earlier today a successful bookbuild that raised the firm A$38 million (US$30 million) in capital. According to Metro, the institutional placement was quite popular, gaining support with both existing investors and new parties from both within Australia and abroad. Greenstone Metro Holdings LP was part of the institutional placement and […]
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 ...
