Glencore plc

GFG Alliance In Talks With Glencore Over Refinancing Aluminium Assets’ Debt

GFG Alliance In Talks With Glencore Over Refinancing Aluminium Assets’ Debt

The struggle to keep Gupta Family Group Alliance’s assets funded continued last week as its head Sanjeev Gupta continued talks with Glencore plc to refinance the debt of GFG Alliance’s aluminium assets in Europe. Sources told AlCircle over the weekend that Glencore...

Events

Century Aluminum Inks Supply Deal With Hammerer For Low-Carbon Aluminium

American aluminium smelter Century Aluminum announced earlier this week the sale of 150 thousand metric tons of its low-carbon aluminium to Austria’s Hammerer Aluminium Industries (HAI), which will be supplied to it via Glencore plc. Century’s low-carbon aluminium Natur-Al is produced using electricity generated via fully-renewable sources at Century’s Norðurál Grundartangi aluminium smelter in Iceland. […]

Aluminij Mostar Inks Aluminium Billet Offtake Agreement With Glencore

Bosnian aluminium smelter Aluminij d.d. Mostar signed a five-year deal this week with British-Swiss firm Glencore plc for the supply of aluminium billet. No details of the deal beyond its term were released to the press. The two firms have been partners for several years, reported local media, with the relationship predating the 15-month halt […]

Canadian Aluminium Stakeholders Spar With U.S. Smelter Representative Over Trump Administration’s Ten-Percent Aluminium Tariff

Aluminium industry representatives clashed late last week in an online forum with spokespeople from the two United States aluminium firms who led the charge to instate a 10-percent tariff on Canadian imports. In an online event hosted by Washington International Trade Association, the two sides traded blows on the issue, with trade lawyer and lobbyist […]

EGA, Glencore In Talks With Bosnian Government Over Struggling Aluminij Smelter

Talks are underway over the fate of Bosnian aluminium smelter Aluminij d.d. Mostar, as Emirates Global Aluminium PJSC and Glencore plc have both expressed interest to the Bosnian government regarding the formation of a strategic partnership with the struggling plant. According to domestic reportage, EGA is in the early stages of developing a plan for […]

Sources Say Glencore And Liberty House Among Trio Of Potential Buyers Of Rio Tinto’s Iceland Aluminium Assets

Sources revealed to Reuters late last week that at least three companies, including Glencore plc, have shown a strong interest in purchasing Anglo-Australian mining giant Rio Tinto Group’s aluminium operations in Iceland, Sweden, and the Netherlands for up to US$350 million. An anonymous source Reuters characterized as being involved in the banking industry reportedly told […]