GFG Group Plans To Boost Aluminium Production To 1 Million MTPA Via Acquisitions: Sanjeev Gupta
Sanjeev Gupta told an industry gathering on Monday that his GFG Group expects to top 1 million metric tons per...
Dunkirk smelter
Liberty Steel Labor Reps Seek Assurance From GFG Alliance After Insolvency Of Major Financial Backer
Representatives from British trade unions seek to meet with officials at Liberty Steel after one of GFG Alliance’s major backers signaled financial trouble by entering into administration. On Monday, Greensill Capital filed insolvency paperwork with local courts. The financial firm lost insurance...
Dunkerque Aluminium Smelter Achieves ASI Certification
The Aluminium Stewardship Initiative (ASI) said Wednesday that ALVANCE Aluminium Dunkerque achieved certification to its Performance Standard. Currently Europe’s largest...
Alumina Production By Rio Tinto Projected To Rise To 8.4 Million Metric Tons In 2019
The new year will see a rise in production of both bauxite and alumina from the world’s largest miner. Such...
Events
Liberty House Secures Funding For Purchase Of Aluminium Dunkerque From Rio Tinto
A financing deal between steel tycoon Sanjeev Gupta’s GFG Alliance and various lending institutions has been struck for the purchase of Rio Tinto Group’s Dunkirk smelter in France. In a press statement, GFG announced the arrangement, which was negotiated on standard terms and provides for five-year committed funds. The total amount financed was not disclosed. […]
Rio Tinto Warns 2018 Aluminium Output May Suffer Due to Rusal Sanctions
Repercussions continue to be felt throughout the global aluminium trade as evidenced by Rio Tinto Group’s announcement on Wednesday that it may revise its 2018 aluminium output on account of sanctions placed upon U.C. Rusal by the United States Treasury Department earlier this month. In the course of its announced production results, the firm projected […]
Sanjeev Gupta’s Liberty House to Purchase Aluminium Dunkerque from Rio Tinto for US$500 MM
Rio Tinto’s Aluminium Dunkerque will soon become part of the Liberty House Group family thanks to a binding offer of US$500 million tendered by Sanjeev Gupta’s industrial and metals firm. According to a brief press release issued by Rio Tinto early yesterday, the offer is “subject to final adjustments” and cannot be formally accepted prior […]
Liberty House Mulling Offer for Rio’s Dunkirk Aluminium Smelter
According to multiple sources claiming direct knowledge of the matter, London-based industrial and commodities firm Liberty House Group is weighing the possibility of tendering an offer for Rio Tinto Group’s smelter in northern France. A trio of sources told Reuters earlier this week that Sanjeev Gupta’s venture expressed interest in the Dunkirk plant, 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 ...
