Rio Tinto Pondering Placement of Pacific Aluminium on Australia’s Stock Exchange
Rumors have surfaced in Australian media outlets that Anglo-Australian mining titan Rio Tinto Group is weighing listing Pacific Aluminium on...
Boyne Island Aluminium Smelter
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...
Rio Tinto Sets Bauxite Production Record in Q2
Anglo-Australian metals miner Rio Tinto Group released production totals for the second quarter of 2017 yesterday. Among the firm’s highlights...
Events
High electricity prices are driving Australia’s aluminium industry out of business
Record high power prices are making difficult times worse for the aluminium industry in Australia. The latest victim is the Boyne Island smelter majority owned by Pacific Aluminium (a wholly owned subsidiary of Rio Tinto, and co-owned by several Japanese companies), who decided to reduce production by 14% or some 80,000 tonnes/year at the end […]
Citing Power Prices, Boyne Aluminium Smelter Cuts Production and Jobs
Facing a squeeze in power prices, Australia’s Boyne Island Aluminium Smelter said Friday that it will be forced to cut capacity and shrink manpower beyond the levels announced in January. According to a statement released to the media, Rio indicated that capacity would be cut by fourteen percent and that “a significant number of jobs […]
Zhongwang Fake Semis Prosecution May Slam The Door On Key Routes For U.S. Import Duty Avoidance
The global aluminium market has been watching the trials and travails of Chinese behemoth Zhongwang with intense interest for the past few weeks after the company and its founder Liu Zhongtian were brought up on criminal charges by the United States federal ...
Aluminium Prices Under Double Pressure: Trade Wars and Chinese Exports
Base metals prices tumbled to their lowest in several weeks at the start of August, after U.S. President Donald Trump ...
Dirty Metal – China’s Troublesome Tether Between Coal And Aluminium
The year 2019 has been a red-letter year for the aluminium sector in the People’s Republic of China. Despite trade ...
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 ...
