Glencore To Buy 30 Percent Of Alunorte From Norsk Hydro For US$700 Million
Norwegian aluminium producer Norsk Hydro ASA announced this week that it will sell 30 percent of Alunorte alumina refinery and...
Bosnian aluminium firm Aluminij has entered US$141.2 million in deals aimed at creating a zero-carbon aluminium product. Today the firm is scheduled to sign a deal with Glencore to build a 60 mW solar power project and aluminium recycling facility. Also planned...
Norwegian aluminium producer Norsk Hydro ASA announced this week that it will sell 30 percent of Alunorte alumina refinery and...
In a move that stunned the aluminium world, Glencore plc announced that it is not renewing its US$16 billion contract...
Singapore-based Swiss multinational commodities trader Trafigura Group Pte. Ltd. is discussing the purchase of about 150 thousand metric tons of...
Sources claiming knowledge of the situation say Glencore plc will buy aluminium for embattled Russian aluminium firm UC Rusal according to comments published in a wire service. Reuters reported on Thursday that two individuals with direct knowledge of the situation informed them of Glencore’s decision. Those sources also indicated that only about a tenth of […]
News agency Reuters reported on Tuesday that Glencore plc has delivered significant amounts of aluminium from Russia to warehouses in the Republic of Korea (South Korea) registered to the London Metal Exchange and originating from UC Rusal. Two sources claiming knowledge of the situation told Reuters this week that the shipments of Rusal’s aluminium arrived […]
Europe’s largest aluminium smelter has agreed to buy feedstock alumina from Anglo-Swiss metals miner Glencore plc, widening its supply pipeline from its original alumina supplier Trafigura. Aluminium Dunkerque also signed a new deal to sell primary aluminium to Glencore, which it has already been marketing metal to prior to these new deals. The contracts begin […]
Anglo-Swiss metals miner Glencore plc announced earlier this week that it is conducting a review of all of its business dealings with Russian firms, including the equity stakes it has in Russian aluminium giant UC Rusal’s parent company En+ Group. Glencore currently has a 10.5-percent share in Rusal’s parent company. However, the firm downplayed its […]
Sanjeev Gupta’s GFG Alliance is facing an investigation by French authorities into allegations that the firm may have been involved in misuse of corporate assets and money laundering, among other charges. This week’s revelation is yet another blow to GFG Alliance, which has been navigating the stormiest of seas since major financial backer Greensill Capital […]
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 ...
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...