Glencore plc

Sanjeev Gupta’s GFG Alliance Under Investigation By French Officials For Dunkirk Aluminium Smelter Funding Deal

Sanjeev Gupta’s GFG Alliance Under Investigation By French Officials For Dunkirk Aluminium Smelter Funding Deal

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...

Events

Mitsubishi To Buy 30 Percent Stake In Glencore’s Aurukun Bauxite Project

Japanese conglomerate Mitsubishi Corporation announced last week an agreement with Glencore plc to take a 30-percent share of the latter’s Aurukun Bauxite Project in Australia. No price terms were given by either party at the time of announcement. Though Mitsubishi currently has interests in the aluminium smelting and trading sector, the purchase will mark the […]

Glencore Wins Ruling In Long-Running Federal Antitrust Case

A judge in the United States has limited the scope of an antitrust action against Glencore plc, JPMorgan Chase, and Goldman Sachs. Several aluminium purchasers brought suit against the trio in 2013 alleging that they colluded to fix prices for the metal rather than allow natural market forces to determine it. However, District Judge Paul […]

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 […]